Down goes the Dow

coach d,

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Igy

Maserati wrote:

What's that? The day after the Fed, the dollar is down against the Yen, Euro, and CHF?

I knew it would happen, but that's too soon IMO to signal the actual shift, and is probably a response to particular events rather than to systemic factors.

Heck, even the hapless CAD is up, for now.

IMO today is only a blip.

The dollar (USDX) is UP , not down, since ther FED meeting, and the EURO is down against the dollar. Large commercials came into the FED flat on gold, as I did, and nobody knows yet exactly how the cross relationshios (ECD cutting less, FED hiking less than expected). Large commercials are SHORT net 172,000 contracts.

I hope you're not doing what you're saying with real money.

Real money as opposed to?

Dow down nearly 2% for the day.

The sky is falling! The sky is falling!

Maybe you should check your facts.

I unequivocally stated that I do not trade Forex.

Not only that, but if I had shorted the CAD according to "what I'm saying", I would have had, and would continue to have, an excellent gain.

Not only that, but you might want to look at what is happening. I don't think you have any sense about the direction of currency movements.

Back at you, I hope that you don't trade Forex. I'm smart enough not to touch it, even when I'm right.

It just may, and little chicken, you may cross the road and get squished by a truck. It will happen one day and your voice will be silent.

KFC

Dummier wrote:

Dow down nearly 2% for the day.

Back to where we were on Monday. What was your point again?

Chicken Little wrote:

The sky is falling! The sky is falling!

Maybe. Maybe not.

I merely stated a fact.

Dow down over 600 points in two days. Over 3% loss.

What's for sure is that the sky will in fact fall when it comes to the market. And soon.

We will see if this is the beginning of the fall.

Pollly P wrote:

Dummier wrote:

Dow down nearly 2% for the day.

Back to where we were on Monday. What was your point again?

My point was the Dow was down nearly 2% (ended the day down well over 2%) at the time I posted. It seems pretty clear. "Dow down nearly 2% for the day". Not sure that there are a number of ways to interpret this.

So what was the point of your question?

The point of my question was to see why you thought it was important to mention such a relatively small drop. I thought that was obvious.

Pollly P wrote:

The point of my question was to see why you thought it was important to mention such a relatively small drop. I thought that was obvious.

A loss in one day of over 2% is relatively small?

The absolute horsespit that gets posted on this thread and the one you feel the burning need to challenge is a simple posting of a fact?

Someone is not being honest with himself/herself.

I didn't see you post when it went up 2%. The fact is the Dow finished Friday at the same spot it was on Monday. It's a non-story. Not sure what your agenda is.

You are conversing with the notorious K5. He touts every little drop because he is butthurt after pulling out of the market over 2 years ago. He predicted the market would crash, but instead he has lost out on a record Bull market.

He is also a bigot.

Pollly P wrote:

I didn't see you post when it went up 2%. . It's a non-story. Not sure what your agenda is.

Did not know you were in charge of what people post.

The fact is the Dow finished Friday at the same spot it was on Monday.

Also not true. At NO time on Monday was the Dow as low as it closed in Friday.

K5 detector wrote:

You are conversing with the notorious K5. He touts every little drop because he is butthurt after pulling out of the market over 2 years ago. He predicted the market would crash, but instead he has lost out on a record Bull market.

He is also a bigot.

You are a little confused. You are the one who loves the racist colonial settler state called Israel. The State that treats one group of people favorable and oppresses all other groups. The state that has killed over 200 Palestinians since October and has maimed thousands.

That makes you the bigot.

You, or course, are no unusual, You are quite typical of Israeli loyalists. You are a dime a dozen. Favor one group over others and whine and scream racism when you get called on it.

A very sick people.

The Dow closed Friday at 17,128 after a Monday low of 17,138. So technically you're right that it was never as low on Monday as Friday's close. Since you seem to appreciate percentages so much, you'll be keen to know that the difference between those two figures is less than 0.06%. In other words, they are essentially the same for most practical purposes.

Pollly P wrote:

The Dow closed Friday at 17,128 after a Monday low of 17,138. So technically you're right that it was never as low on Monday as Friday's close. Since you seem to appreciate percentages so much, you'll be keen to know that the difference between those two figures is less than 0.06%. In other words, they are essentially the same for most practical purposes.

No.

The Dow closed at 17,368 on Monday which is not the same as 17,128.

You need to go with apples to apples.

And, as you admit, at no time on Monday, even at its lowest point, was the Dow as low as it would close on Friday.

So the assertion that the Dow closed on Friday at the same place it was at on Monday is false. As I noted.

IN any event, the Dow was off nearly 2% on Friday. And more than 3% on Thursday and Friday. This is worth noting.

I posted that Monday's low (not close) was equal to Friday's close. As I have already admitted, I was off by less than 0.06%. My bad. You win.

Of course for Friday's close to be more than 3% off the week's high means that the Dow went UP by 3% after Monday's low. All in all, the week was a wash.

Pollly P wrote:

I posted that Monday's low (not close) was equal to Friday's close. As I have already admitted, I was off by less than 0.06%. My bad. You win.

Of course for Friday's close to be more than 3% off the week's high means that the Dow went UP by 3% after Monday's low. All in all, the week was a wash.

Wow. After you just admitted Friday's close was lower than Monday's lowest point -- which means Friday's close was the lowest point of the week --

1. You still claim the week was a wash; (false)

2. And that this somehow changes the fact the Dow lost over 3% the last two days of the week; (how?);

3. And that therefore nobody should comment on this 3% plus loss (why?).

Anything but admit you are wrong.