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July 09, 2008 – Comments (3)

I see the markets are reacting that this time you can trust Bernanke.

I love the comment about trying to avoid panic.  I think there will be some panic before the bottom's in...

3 Comments – Post Your Own

#1) On July 09, 2008 at 1:57 AM, AnomaLee (28.78) wrote:

A typical bear market decline of roughly 29% would take the Dow 30 from 14,198 to 10,080

From where we are today that is amazing when you consider that there's still relatively a lot less panic. I keep looking at those figures in amazement. I'd be surprised if today were an up day because of the headlines. I haven't looked at the overseas market, but I will before I go to sleep

Headline:Iran test fires long and medium range missles 

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#2) On July 09, 2008 at 2:28 AM, DemonDoug (90.12) wrote:

yeah that's why i still have over 50% of my taxable investments in savings - keeping my powder dry expecting more "unexpected losses" bwhahaha.  when will the zombie financial media get a freakin clue? 

Overseas markets are rallying hard after the US rally.  I've watched this pattern for quite some time - it doesn't mean anything for the US markets.  The Asian markets tend to react and follow the US markets, the only time they don't is on their Monday because there is no US market activity before their Mondays.

Yes, the missile thing - we're going to get another spike up in WTI sweet crude and oil stocks will rally as the rest of the market goes in the tank.

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#3) On July 09, 2008 at 1:39 PM, dwot (97.30) wrote:

Lol, AnomaLee, maybe some of the sell offs have been panic.  Maybe it is just that I'm not panicked.

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