It means it wasn't about economy, feds rate cuts, recession or anything it was about implanting fear and taking the markets down where bears wanted to control and take in money. Add to it people's doom and gloom and you got it.
Its becoming apparent these market doldrums were NOT about recession or Fed rate cuts or economy tail spinning into a disaster. Its was about dispersing fear and fright and bring it down and milk it. I can't believe markets will go down 240 points after a hefty fed rate cut. This has nothing to do with things mentioned above. Its has to do with sheer downside greed.
Go ahead try ignoring your fate... Markets have nothing to do with recession, tail-spinning economy, and sky is falling. Itâs about manipulated fear, doom and gloom, which people gave into. This is all about downside greed and making money. Itâs attended via implanting false stories about recession, dispersing fear and fright and using doom and gloom from our retail crowd. It has been proven today 1/23/2008 that markets can still keep going down despite a stimulus package and despite a hefty Feds rate cuts. Cowards will be slaughtered no matter what since they canât do much about it anyways. Some well run companies have been cut down 30-50% in prices like AAPL, FCX, PCU, FSLR, GOOG, BIDU, and host of them are bleeding in red ink on my monitor. Itâs about concentrated scheme by big institutional sellers to bilk the average Johnny lunch buckets. Once again Wall-Street has shown its true colors. You canât fool me though.
You are still in tremendous DENIAL, eh? Still long from >SPX 1400? Oh, I guess it is the financial media's FAULT that is to blame for your losses. Keep playing the "victim". It's a great way to the poor house my friend.
You've already shown yourself to be FOOLED by thinking that a 3/4 point rate cut could prevent the market from going dramatically lower. Congratulations. You made a mistake. You've been a FOOL.
This guys reminds me of an excellent quote heard here: "There is no and never was any credit crunch."
NOT long at all. I hope your shorts are smoking now since the market put in a Technical PIPE BOTTOM on SPX at 1276 and PIPE TOP on VIX at 35-37 ! Hope you choke on your vomit and die.