Poor Bush Dow about to go under 10000

[59millionmorons]

Gas prices rising again. 349,000 new unemployed last week. So much for the good economy.

[Cronus Protagonist]

1. It was all smoke and mirrors before and the market "knew" it

You got marketeers hyping a recovery so they can buy futures and sell short at good prices, then when people see it was all smoke and mirrors, they make a bundle and the losers are the true believers.

Choose Kerry Lose Bush - FUCK BUSH - Drop Bush Not Bombs!
http://brainbuttons.com/home.asp?stashid=13

[BlueEyedSon]

2. Dow holding (around 10,065)

Just FYI

[jwcomer]

3. its too be expected.

Oh but didn't you know?

That is all because Wall Street and employers and OPEC are all worried that Kerry is gonna win. ;)

[GreenPartyVoter]

4. Poor Bu$h? Poor us too.

Still, I am willing to tighten the belt a little more if it means it'll get * out. Ya gotta make sacrifices in times of war, and we all know the neocons have declared war on America itself.

[rkc3]

8. Yup, fuck bush. I'd like to retire before I'm 90 years old.

[NewHampshireDem]

5. Here's some data mining ...

When an AFC team wins the Superbowl, the Dow goes down. Pats won this year, so ...

http://www.snopes.com/business/bank/superbowl.asp

[frylock]

6. i'm sure the plunge protection team has been summoned

[JNelson6563]

7. It's all over but the cryin'

Here's how it ended up today:

Dow 10,046.13 -102.94 (-1.01%)
Nasdaq 1,874.37 -42.70 (-2.23%)
S&P 500 1,093.88 -14.79 (-1.33%)
10-Yr Bond 4.487% +0.039

Blood everywhere, even Treasuries (again). The PPT will be working frantically tomorrow.

Julie

[mmonk]

9. I have a

"put" in around a DOW 9200. Almost wish I had put it in @ 9500 (which only a little bad news could possibly knock it down to that). I have a put in because I just don't think any market fundamentals are truely there under this administration with it's high debt and provocative foreign policy (no confidence-wanted insurance).

[yellowcanine]

10. Great! - every time it goes down I get more shares for my tax-deferred

retirement contributions. When it goes to 11,000 after Kerry is elected I will really be in the clover!

[ThomWV]

11. The DOW Drop is Clinton's Fault .... can't you see?

All that money people paid for his book would normally have been used to buy, and drive up demand for, stocks. Sales of his book took that money out of the market, can't you see? It was Clinton's fault.

[midwayer]

12. Some retrace points

The SPX and the Dow broke thier 200 DMA's, could not reverse and signals probable more selling

Just some key points to watch for

On a Dow weekly chart, from the March low of 7416 to the high of 10753 the 38.2 % retrace is 9475 and 50 % is 9085

There is a key trend line within a hundred points of the 38.2 fib

Looks like the shorts & sellers have come out to play for a bit

maybe a relief rally so use caution