Cnbc said, well joe and mark said that they would not be suprised that if within the next 2 weeks to a month that the markets could be at new highs once again. Said this kind of selloff usually means its a quick bottom followed by a rise. I still think the dow goes below 12,000
last night s&p futures were up nearly 4, this morning down 10, This market is all over the place. Might be able to catch a bottom like yesterday or maybe today the markets drop at the open and continue to drop throughout the rest of the day.
<i>"Cnbc said, well joe and mark said that they would not be suprised that if within the next 2 weeks to a month that the markets could be at new highs once again."</i> Did they guess at what may happen in between? Markets may very well be back to prior highs then... but not from current levels as the low.
Now you know why these clowns work at a TV station making 250k before taxes a year and not trading their own accounts making 2.5m a year.
sure, its just funny to hear them speak of where the markets are headed since you never hear them say anything. Yea we sure can move back to knew highs, but I'm sure in the back of everyones mind Feb 27th will be playing over and over again. SELLLLL SELLLL
went long EWZ only to sell 3 minutes later, going long made me worrrrry big time. Soon after I sold it dropped .25. Market is extremely risky.
Mark Haines is probably one of the most annoying human beings in existence. He has an uncanny knack for thinking he can pick market bottoms and tops with mathematical precision. Whenever I see his Jaba Hut-esque mouth yapping away, I hit the mute button on the Panasonic that's in my office. I wish there was a viable alternative to CNBC with reporting rather than blathering idiocy.