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Re: Dow Down 170... 

By: capt_nemo in ROUND | Recommend this post (1)
Wed, 23 May 12 8:35 PM | 55 view(s)
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Msg. 41360 of 45651
(This msg. is a reply to 41358 by Decomposed)

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YIKES,,it's a global selloff, LOL

Gold 1536.50 -40.10 -2.54%
Dow 12290.00 -187.00 -1.50%




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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The above is a reply to the following message:
Dow Down 170...
By: Decomposed
in ROUND
Wed, 23 May 12 6:58 PM
Msg. 41358 of 45651

The Dow is down 170 to 12,337.

I'm hoping it doesn't recover this afternoon. I'm moving half of my 401(k) back into equities at COB today. This is an election year. Obummer isn't going to let this collapse go on much longer without putting up SOME sort of a fight.

It looks now as if we're approaching a key support point - 12,250. If it fails, the Dow will quickly drop almost another thousand points. (Which is why I'm only putting HALF the money in.)
 

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