Stocks on both sides of the Atlantic get that sinking feeling again.....

Dow 9,052.53 -258.46
Nasdaq 1,738.30 -40.71
S&P 500 963.51 -34.50

London 4,185.06 -209.15
Paris 3,475.07 -153.45
Frankfurt 4,988.85 -210.34
DJ Stoxx 223.01 -9.21

www.marketwatch.com

Was that a dead cat bounce this week?

The DOW is nearly below 9,000 again. 9018.

It was 8500 and supposedly on it's way down to 4000 and now you're gloating that it's still 500 points above that? Anybody who takes daily moves as serious indicators - in either direction - is totally clueless. There is no structural reason we should be below 8500 for anything more than blips and will see higher close than yesterday's at year end. I'm willing to bet on that. Are you?

Or more empty squawking of a know-nothing following the lemmings? Drop me a line if it's the former. But if not you either know you know nothing and are resorting to schoolyard taunts to cover your ignorance or just want to be popular with the cool kids who likewise pontificate about a coming depression with certainty they will not back up and glee they foolishly think is warranted.

Again - where is the perosn making claims of dramtic depressions to come who will sell me futures at the levels they so confidently predict? Empty braggadocio all if you won't put your money where your mouth is.

:shrug:

The swings the market has been taking the past 3 weeks are not healthy moves. I predicted the market would be around 9500 a year ago. I was told I was stupid, then.

I don't have any reason to believe the market will close above 8500 by year's end. I think it will go lower than that, but not necessarily by year's end.

The gloating here about the markets falling is a constant drumbeat and anyone who says otherwise is either blind or in denial. you can't refute a generic claim with an anecdotal counterexample. Only if I said "each and every one of you is gloating" would "I'm not" be a reasonable defense.

And ya know what? Even at 8500 and with an 85% equities portfoilio I'm STILL up tens of thousands of doilars thanks to matching and pre-tax deductions over the reverse snobbery merchants and financial illiterates who poo-poo 401Ks and middle class equities investors. If we took (wrongly) the Dow as an indicator of all stocks it could drop to 6000 before I would even be down in the last 12 months alone - which was a drop from an all time high to a bear market, let alone the many years of dollar cost averaging before that, and yet still the idiots are gloating over the "losses" of "gamblers" like me.