Thread: last few hours of trading today

teknobucks wrote:

hope that was just some tax selling and not a downdraft i felt.

Techno:

According the the guys smarter than me on CNBC, there was a "market-on-close imbalance" announced 20 minutes before the close that caused all that activity at the end when the market dropped..... So, not to worry, I guess ?

Nick :@

Dogdaddy wrote:

teknobucks wrote:

hope that was just some tax selling and not a downdraft i felt.

Techno:

According the the guys smarter than me on CNBC, there was a "market-on-close imbalance" announced 20 minutes before the close that caused all that activity at the end when the market dropped..... So, not to worry, I guess ?

Nick :@

ah looks like doo doo also.

if she drops big on monday i'll buy back in with both hands

teknobucks: that is a Great Card ! I popped every balloon! Thank you for sharing it - Happy New Year to you and yours, and everyone else passing thru this web -

(of money, :!I hope!!) You sure find some dandys !!

teknobucks wrote:

Dogdaddy wrote:

teknobucks wrote:

hope that was just some tax selling and not a downdraft i felt.

Techno:

According the the guys smarter than me on CNBC, there was a "market-on-close imbalance" announced 20 minutes before the close that caused all that activity at the end when the market dropped..... So, not to worry, I guess ?

Nick :@

ah looks like doo doo also.

if she drops big on monday i'll buy back in with both hands

moved bck in a bit....not sure this was a one day correction though???

I was listening to Bloomberg radio today and heard that not all the big players are back from the holidays yet and that trading was considered to be relatively light.

Some are still waiting to make some decisions going into the new year.

There is also some negative speculationabout Fridays non-farm payrollsreport based on the ISM employment component coming in light.

With regards to CNBC...I was getting real worried with their new DOW 11,000 thing they were previewing and all their guests saying DOW 11,000 was certain before the end of the week (first week of January).

HINT: When you see that crap...sell immediately.

:^ Also when Jim Cramer says that the S&P 500 is "MONEY IN THE BANK" it will go up 7.5% the first week of January - bail with both hands. I did!

Kutlow and Cramer will kill you. The DOW could go to 5 and Kutlow would say...THIS IS A BUYING OPPORTUNITY!!!!!...while telling you to buy the whole way down.