Dow Futures are heading South - Could be bad tomorrow.

[PeacePlan]

Asian markets are all down http://finance.yahoo.com/intlindices?e=asia and Europe futures are also looking bad.

DOW is down 144 futures...

I think the entire system may collapse if it looks like the so called recovery is taking another dip. We have problems with Greece Spain Portugal Ireland UK US and many more that NEED a recovery. I just can't see how the banks can hold up without a recovery.. This could get ugly fast...

Gold is at 1195 and Silver is 17.80

 

[carlangaslangas]

Down 157 now. I agree it does not look too good.

 

[puppetmaster]

They may see wars coming....

 

[PeacePlan]

Down 157 now. I agree it does not look too good.

The worlds economies can't withstand a double dip recession. More layoffs and foreclosures are not something that can be fixed or propped up again. The house of cards will fall if we do a double dip..

Looks bad to me.........

 

[DFF]

Never understood "double-dip"...as we never "left" recession to begin with...

 

[HOLLYWOOD]

Aw, Gesus what will the PPT do in the morning?

I mean Rahm Emanuel is over in Israel running his son's Bat Mitzvah... maybe Turbo Tax Timmy will fill in will the global terrorist is away.

DJIA INDEX: Fair Value 9,900.00 Down -143.00

 

[PeacePlan]

Never understood "double-dip"...as we never "left" recession to begin with...

I agree but we had a year of rising stock prices that almost took us back to where we were. That is what I am talking about, double dipping from that level again.

IMO we have been in a bear market since 2001 when the NASDAQ bubble burst. NASDAQ would have needed to make new highs to claim a new bull market and it never got even near 5,000 again. Wall Street pundits were claiming a bull market and so would I if it had broken the old highs?

World economy can't take the stress of another leg down of this bear IMO - Shits gonna break..

 

[hugolp]

The monetary indicators continue to be tight.

 

[Che]

euro stocks and currency are droppin like a stone tday.

 

[DFF]

Yeah, and gold's sitting at $1193 - out of the money for all the calls at $1200...

M-O-O-N...that spells manipulation.

 

[Che]

Yeah, and gold's sitting at $1193 - out of the money for all the calls at $1200...

M-O-O-N...that spells manipulation.

maybe cause the us dollar index is up well over 1%...?

 

[eric_cartman]

i'm really surprised at how well gold is holding up. with the US dollar index up this much and the stock market [futures] down big... gold is holding its ground.

 

[hugolp]

i'm really surprised at how well gold is holding up. with the US dollar index up this much and the stock market [futures] down big... gold is holding its ground.

I think people is realising that the deflationary crashes are only going to be temporary because the central banks are always going to print to avoid price deflation. So when investors leave the stock market they are starting to go directly to gold instead of going to the dollar. Probably not everybody, but for sure a lot of people is doing it.

 

[InPaulWeTrust]

I think people is realising that the deflationary crashes are only going to be temporary because the central banks are always going to print always to avoid price deflation. So when investors leave the stock market they are starting to go directly to gold instead of going to the dollar. Probably not everybody, but for sure a lot of people is doing it.

Bernanke is probably taking advantage of the current "relative" strength in the dollar to print just a few more...

 

[InPaulWeTrust]

maybe cause the us dollar index is up well over 1%...?

Dollar strength I believe is mainly reflective of Euro weakness right now as the eurozone countries compose >50% of the basket of currencies in the outdated Dollar index.

The Yen has also been surprisingly strong against the Euro. It's really just a slow race to the bottom and with each QE a little nitro is pumped into each currency's engine.