Market is tanking

Maybe this was a more appropriate title:

http://www.marketwatch.com/story/us...near-neutral-finish-2010-12-07?dist=afterbell

 

as always

 

what does it mean in layman's terms?

 

Again, market opened an inch up and then moved down to red. Market does not see a catalyst to go higher. There is a indecisionness in the market. I also feel (maybe I am wrong) smart money is selling and removing its exposure to possible correction. I don't mean short. Just takling profit. I see it in APPL, NFLX, semiconductor sector, retail.

 

I am sort 30% at the moment since yesterdays close. Will add today if we can bleed another 60 - 80 points in DOW.
One Gap down tomorrow and all hell can break loose.

 

how high do we all think the Christmas rally will take us by Jan 1?
1300 ish?

Whats the consensus?

 

Below 1200. Inflation is here. Check out restuarnat food menue prices, gas,..... Average gas price is $3. It was $3 when oil was at $145. Now oil is below $90 but gas is $3.

 

could somebody explain to me what this easy to make money plan involves? sell 1220 straddle?

 

Gas was a lot higher than $3, buddy.

 

NASDAQ UP EVERYDAY SO FAR IN DECEMBER!!!!!


Where is the risk?????