Second Dip

[res0nat0r]

Re: Second Dip

[Localizer]

Re: Second Dip

Just an fyi. A significant portion of the news does not affect the US market. The markets and the players do what they do, and more often than not, US commentators make the news fit what the market is doing.


Let me see if this image turns out alright.
2011-09-05-PROPHET.jpg

Arg, it's too small. But if you check it out, it's just consolidating. If this pattern holds up, then it is likely to hit around 11,100 again. And if this happens, YOU WILL see the news conforming to the markets and not the other way around. Sure, this employment releases was 'big' news, but it also happened to coincide with other indicators signalling that it needed to fall.

[floridaorange]

Re: Second Dip

Damn Black Jesus didn't save the world in 3 years...fuck him! Tea Party FTW. They have all the answers.

[Shpira]

Re: Second Dip

Sure, this employment releases was 'big' news, but it also happened to coincide with other indicators signalling that it needed to fall.

Hence the tittle of this thread...QE3 here we come
FYI...i am not really sure technical analysis is what you should be using in time of such volatility...

[Localizer]

Re: Second Dip

Hence the tittle of this thread...QE3 here we come
FYI...i am not really sure technical analysis is what you should be using in time of such volatility...

I don't really play news unless it's forex related (interest rate adjustments, etc...) You can do basic support/resist setups and trendlines to get an idea of what the DJI is doing, even in a volatile time like now. It works for me.

[mickeymac]

Re: Second Dip

This morning, 19 August, first night of the presidential vacation on Martha's Vineyard,with red ink swamping European banks and Asian equities, Ray Hennessey, director of business news at Fox Business, said the latest Philadelphia Federal Reserve Bank manufacturing index shows we have, in fact, slipped into the dreaded second recessionary dip.

[Shpira]

Re: Second Dip

Canada could be the first economically advanced country to stumble into another recession, the Bank of Nova Scotia says in one of the more stark warnings about the gathering gloom ahead.

Scotiabank economists say Canada could in fact already be in a mild downturn, given that the economy retreated 0.4% in the second quarter and is at risk to come in negative in the third quarter, which ends Sept. 30.

While he is not predicting a recession, “nobody can say with total confidence GDP is going to come in the black in the third quarter,” said Derek Holt, vice-president of economics at Scotia Capital.

Holt notes that job growth, a previous strength, has been flat the past two months.

http://www.investmentexecutive.com/client/en/News/DetailNews.asp?Id=59605&IdSection=148&cat=148

Bank of America is ramping up its foreclosure processing, sending out far more notices of default to borrowers in August than in previous months, well over 200 percent more month-to-month.

http://www.cnbc.com/id/44503938

[res0nat0r]

Re: Second Dip

obama? or cia?

[tiddles]

Re: Second Dip

lulz america. haven't found a job there since I graduated 4 years ago. find jobs in asia in like 1 month. lulz moving to japan in december i think. us is so fucked

[res0nat0r]

Re: Second Dip

lulz america. haven't found a job there since I graduated 4 years ago. find jobs in asia in like 1 month. lulz moving to japan in december i think. us is so fucked

Nope.

I haven't been unemployed since highschool.

My company just hired 5400 people last quarter. My team is moving into a 24 story new building in a month because the new 5 building complex our company moved into 2 years ago is already not big enough to hold everyone.


Thats not to say the overall downturn of the economy isn't a terrible thing. But bread lines? Nope.

[tiddles]

Re: Second Dip

sure, but the majority of people are getting fucked. most of my friends and family back home are having tough times, there are a few making bank, but the average person isn't doing so hot. US is still fucked. asians work harder, study harder and want it more. americans are mostly lazy and think the world owes them everything.

living in asia, i feel like i'm around something that's growing everyday and the best is yet to come. when i was in the states, it felt like everyone was looking back on the past and longing for the good old days.

[res0nat0r]

Re: Second Dip

living in asia, i feel like i'm around something that's growing everyday and the best is yet to come. when i was in the states, it felt like everyone was looking back on the past and longing for the good old days.

I would agree with this. Also I'd say some of the people being fucked are waiting for the good times again and expecting it to come to them because they live in the USA, and they think thats how it's done. Well reality check for those people, those days are over...

I moved 2k miles across the country by myself with no friends or family for a new job, and everyone on my team is from a different part of the country or the world, and about all the other teams at work are like that too. I think part of it has to do with your drive and also willingness to bust your ass to succeed IMO.

[Illuminate]

Re: Second Dip

asians work harder, study harder and want it more.

Very true.

[res0nat0r]

Re: Second Dip

Tiger moms.

[Shpira]

Re: Second Dip

o.1 GDP growth last quarter , retail sales flat and analysts see 1in3 chance...fed may declare new measures on Tuesday...won't hold my breath...but Runningman can hope for QE3