Off-Topic: Why Market Is Down

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	Name:	GoneFishin -
	Subject:	Why Market Is Down
	Date:	11/6/2008 10:46:30 PM

The market has fallen 900 points the past 2 days as a result of the economy. Not because of Obama. We have lost 700,000 jobs through September and Frday they will announce October job loss. It is going to be 200,000 for the one month. GM and Ford will announce real bad results tomorrow. GM will reduce new vehicle development. This will be a horrible Christmas season for retail. Finally, the market is trying to find a bottom and this is typical. I have seen it over the years where you see a rise and think it is over. Then another drop like the last two days. It is horrible to see a Company like Ford selling for a Wal Mart sale price today at close of $1.98.

The Asian markets are doing poorly tonight which typically indicates a down market at the opening tomorrow.

If you really think it is going to continue the downward spiral, buy an EFT that sells short.

Other messages in this thread:

View Entire Thread

Business world - water_watcher - 11/6/2008 3:44:51 PM

Why Market Is Down - GoneFishin - 11/6/2008 10:46:30 PM

Why Market Is Down - water_watcher - 11/7/2008 6:28:01 AM

Why Market Is Down - 1DERWHY - 11/7/2008 6:57:11 AM

Why Market Is Down - water_watcher - 11/7/2008 7:14:58 AM

Why Market Is Down - JustAGuy - 11/7/2008 4:06:12 PM

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