I thought that you already knew it is all down to the Bilderberg Group at work.....

Davos is the place to look for what happens to 'market reaction' to 'news'.....

What is so ridiculous is stuff like this:

"US Stocks Fall As Pfizer Earnings Weigh On Health Care

NEW YORK (Dow Jones)--U.S. stocks fell Wednesday as health care stocks lagged after Pfizer posted a disappointing earnings outlook and U.S. service-sector activity increased by less than expected last month.

The Dow Jones Industrial Average recently dropped 39 points, or 0.4%, to 10255. Pfizer was its worst performer, off 2.6%, after posting earnings. The drug giant said its fourth-quarter profit more than doubled to $767 million, but the result lagged Wall Street estimates. It also scaled back 2012 revenue estimates and weighed on other health-care stocks, including Dow component Merck, down 2.3%. "

So...we have the DJIA weakened (at the moment) because two of its bigger components fell 2.x%.
One of which posted more than doubled Q4 profit.

Madness - sheer madness

Anyone who relies on these indices for more than +/- 5% of their decision making serious needs their heads examined IMHO.


This post has been edited by David_Brent: Feb 4 2010, 12:41 AM

Very smart ah!
Governments and companies always release the bad news on Friday evenings...well know tactic.....

Do you think the market is still in 'correction mode'?

I agree - but would just say that the massive govt stimulus spending has not been specifically targeted at reducing unemployment but at solving more (huge)systemic problems in the US economy...

Politically, unemployment is Obama's greatest challenge, but it is a lagging indicator and I think there are other clues to a generally improving US economy.

There are still a number of worrying elephants still in the room: commercial property collapse (yet to come) , consumer debt default and housing loan defaults.....and the EU/UK sovereign debt crisis is still to come.......

I'm sticking with my plan of stocking up on canned food, plenty of ammo and a safe place to grow my own food.....



This post has been edited by David_Brent: Apr 2 2010, 10:47 PM

A recent Rolling Stone article called Goldman “a great vampire squid wrapped around the face of humanity” and accused it of rigging every major market bubble since the Great Depression.

Goldman Sachs Group Inc said first-quarter earnings nearly doubled, topping expectations, bolstered by fixed income trading profits, according to Reuters on Tuesday, April 20.

Net income for the Wall Street powerhouse rose to US$3.29 billion, or US$5.59 per share, from US$1.66 billion, or US$3.39 per share, a year earlier.

Analysts on average has forecast US$4.01 per share, according to Thompson Reuters I/B/E/S.

The results came four days after the New York-based bank was accused of fraud by the U.S. Securities and Exchange Commission in the structuring and marketing of a debt product tied to subprime mortgages.

Goldman emerged as Wall Street's most influential bank after the financial crisis, but it has faced a backlash over its pay and business practices.

Shares of Goldman closed at US$163.32 on Monday, up 1.63 percent. The shares tumbled more than 12 percent on Friday after the news of the SEC's charges, according to Reuters.

There are only two types of people who try to predict the markets:

1. Those who don't know.
2. Those who don't know that they don't know.

Never under-estimate the power of The Bilderberg Group.

"Bounce Play"??
That's a new one......
Are you guys going to play it with each others' "shorts"???


Anyone new to this thread could get seriously confused.....

Anyway: Good Luck to you all in 'Riding the Dragon*'!!!

*Google it!

This post has been edited by David_Brent: May 25 2010, 09:41 PM

No response......

I think the oil majors (including BP) carry insurance against these kinds of events.
You might want to look into that.
The big worry is criminal proceedings rather than civil suits by the ambulance-chasers and the government agencies in the US.

Uncle Ben earns his crust:

"Helping support the market after a week of shaky trading, Bernanke said Wednesday that he expects the U.S. economy to grow between 3% to 4% this year, as consumer spending and business investment make up for fading government stimulus.

In a hearing before the House Budget Committee, Bernanke said it appears as though the recovery has made an "important transition" from being supported by government spending to being lifted by stronger private demand. The central banker also said he was encouraged by the European response to the debt crisis.

Bernanke is also scheduled to speak at an employment conference as the markets close, and the Fed will release its Beige Book, a closely watched survey of economic conditions, at 2 p.m. EDT. "

WSJ