What's up the DOWS butt lately

[59millionmorons]

I have noticed a lot of down arrow days lately. What happened to the recovery?

[quinnox]

1. I don't know but

I am not happy. I am watching all this red ink today, and it is not helpful.

[Don_G]

2. What Recovery?

Wal-Mart may be many things, but they track what people buy and it isn't encouraging. The low-end stuff has been selling and cyclical at that indicating more and more people are living from paycheck to paycheck.

The pundits, on the other hand, are largely out of the loop since they have "their" money and are intent on analyzing everything else to support their edcuated opinions.

Long term: it dosen't look too good.

[ozymandius]

3. There never WAS a recovery.

All that talk about "recovery" involved anticipated economic recovery. The net result about all this talk about recovery is that people have come to believe that a recovery is underway. Talk is just window dressing. When 3 million jobs have been lost, some permanently, and the stock market rise outpaces relative actual profits then we have, my friend, a bubble. This is wholly different from a trend.

[Norcom]

10. Jobs lost, permanently

When 3 million jobs have been lost, some permanently

Some jobs need to be lost permanently, and sometimes the permanent loss of these jobs are a GOOD THING! Not for the person who had the job obviously.

If you can't think of any such jobs you are not thinking very hard.

Also, over 1 million people have gone from employed by a company or unemployed to Self Employed this year. That is also a good thing.

Get out from under the corporate thumb and strike it out on your own!

[Jacobin]

4. Bad report this week on "insider selling"

In other words, CEO's and directors of companies are selling the stocks of their own companies in a wave a selling that hasn't been seen for 30 YEARS.

They must know business is bad, earnings will be bad. And if WalMart isn't doing well, then the poor and middle can't even afford basic stuff, so sales in other areas will suck big time.

Anyway, my crystal ball on it.

[JNelson6563]

5. a good indicator is gold

and that is currently flirting with $400 an ounce. Added to the insider selling, mutual fund scandals and bad econ #s from the gubberment (which are even worse after the revisions) and you are looking at a lack confidence.

The recovery is in the same category as Iraq's threat to our security, fiction.

Julie

[HFishbine]

6. Watch Monday

technical indicators could be turning. If the market goes down on Monday, it's going down big!

[Upfront]

7. Inside Traders

have been selling for days. I mean, big time. Get out folks.

[ScreamingMeemie]

8. News I heard today was that retail sales are DOWN 3/10's of

a percent. Recovery---shmecovery. It's all smoke and mirrors and those 25 credit card offers a week that people are buying into.

[Egnever]

9. Lots of things wrong with the recovery

but I think foremost in the minds of investors right now is the WTO decision that the EU can impose sanctions on the US over the US's installing of tarrifs on steel.