why did the market nose dive today?

Discussion in 'Trading' started by NY_HOOD, Nov 20, 2007.

  1. what happened?
     
  2. I dunno but it will rebound soon since selling is unjustified

    Here is why the fed minutes were bullish:

    "WASHINGTON (AP) -- The Federal Reserve reported Tuesday that it expects slower economic growth and a slight bump up in unemployment next year due to the housing slump and a credit crunch. The board also said, however, that it thinks inflation will remain moderate."

    Slow growth is actually bullish because it increases odds of rate cut, and thus cheaper dollar and move growth for exporters and tech stocks. As we all know, the 2000 crash was caused by 'too much growth'.

    The fed also expects inflation to remain moderate, which is also a good sign in spite of rising oil, gold, and food.

    A very good report
     
  3. The bear market is here...
     
  4. Thanks for the buy signal
     
  5. More sellers than buyers.
     
  6. Oil now $98.00, 2 more dollars, $100.00 this will make headlines americans will feel like shit.
     
  7. When all the bears come out you know its time to buy
     
  8. But it's good for our exports.

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    ROTFF,LMFAO!!!!!!!

    That line always cracks me up!
     
  9. They're trying to hit the 12800 point when Stock Trad3r deletes his account.
     
    #10     Nov 20, 2007