Stock Market Crash fears mount
By Thomas Atkins
DAVOS, Switzerland (Reuters) - Business and political leaders begin meeting in Davos on Wednesday facing what many fear is the biggest financial crisis since World War Two.
YouTube - US Stock Markets Decline : THE DOLLAR HOLOCAUST
to my close friends that read my blog:
you were warned. you were warned two years ago when i told you to hedge your house. you were warned a minimum of 1-2 years ago to get out of everything except gold and silver related assets.
you were warned that long positions in anything but precious metals is way to risky.
i am warning you now(again) RON PAul is our last economic hope for america and the world..
-st0ckman
video about ron paul's economics
Let Market Crash Now Or Face Financial Train Wreck
| Let Market Crash Now Or Face Financial Train Wreck Experts encourage facing reality that stocks are overvalued due to weak dollar, but Fed set to continue with dangerous sweeping rate cuts |
| Paul Joseph Watson | | |
The Fed's continued obsession with slashing interest rates and printing money in order to maintain the facade of the grossly overvalued stock market while the dollar collapses is precipitating a financial holocaust. Yuppies need to cut their losses and accept a soft crash now or place the very pillars of the American economy in danger.
pre market FREEPORT MCMORAN B - Yahoo! Finance
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Pre Market (futures, nasdaq, nyse, dow, s p) - Trader Talk with Bob Pisani - CNBC.com
Vague rumors are again moving markets today. Europe is weak (down 5 percent) on concerns of additional losses from major banks, as well as the failure of Europe to cut rates.
Thank you, Apple [AAPL Loading... (%) 
] , because you have reminded us of something the bears keep bringing up: that we are faced with three weeks of potentially difficult earnings guidance.
You can see it today with Motorola [MOT Loading... (%) ] , which gave "kitchen sink" guidance for the first quarter: we were expecting a 9 cents gain, they said they would have a loss and that the recovery in mobile devices would take longer than expected. Sees losing market share. Down 11 percent pre-open. Nokia also weak on concerns of slowdown.
You can see it with Coach [COH Loading... (%) ] . They did OK for the quarter just ending, and essentially affirmed full year 2008 estimates. But Coach used to have a tradition of beating and raising; now we have to settle for status quo at best.
| Click for related content |
You can see it with Suntrust [STI Loading... (%) ] , which missed and reported losses of $510 million in money markets.
Bears also believe that rate cuts will fail to stabilize markets, and there will be no leadership because of a drawn out process with financials, and tech expectations taken down
For the bulls, a lot of things have to go right:
--Europe cuts rates
--Fed cuts 50 bp next week
--Bond insurers stabilize/rescued
--Energy, financials re-emerge as leaders
--Insider buying picks up
--Investment outflows stabilize
The biggest advantage the bulls have is the already oversold conditions.
So where do we go from here? One trader noted yesterday that we have entered a new trench war of data points and news flow on the dangers of recession vs. rate cuts and stimulus.
Stock | Tuesday's Close | Current Price | Pct Chng | Current NYSE Arca Vol |
|---|---|---|---|---|
RZ | $10.48 | $7.52 | ( 28%) | 580 |
HGSI | $10.01 | $7.50 | ( 25%) | 283,200 |
MTG | $15.98 | $12.00 | ( 25%) | 47,600 |
FCFS | $13.96 | $11.00 | ( 21%) | 1,100 |
HYDG | $2.50 | $2.94 | 18% | 700 |
MOT | $12.34 | $10.45 | ( 15%) | 484,649 |
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U.S. Stocks Head for Another Lower Open: Financial News - Yahoo! Finance
Shares of Apple fell more than 11 percent in premarket trading.
While investors worldwide remain concerned about the health of the U.S. economy, the Fed's rate cut and Wall Street's ability to come off its lows Tuesday helped drive a rebound in Asian trading Wednesday.
Japan's Nikkei stock average closed up 2.04 percent after falling 5.7 percent Tuesday. Similarly, Hong Kong's Hang Seng index surged 10.72 percent, showing its biggest gain in 10 years after falling 13.7 percent in the previous two sessions.
In morning trading in Europe, however, stocks fell. Britain's FTSE 100 fell 1.25 percent, Germany's DAX index fell 2.16 percent, and France's CAC-40 fell 2.10 percent.
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