this market makes no sense

[buyStocks]

hey,
It did drop below 8k today briefly (I had to literally use all my willpower to stop myself from buying anything; I'm trying to keep a disciplined dollar averaging strategy as the market collapses). Does the market ever really correlate with the news? If it did, the DOW would be at -1K.

[rose-colored-coolaid]

[buyStocks]

Just gotta dip our feet in the cold water to get acclimated to below 8K. Soon we'll get to dive on in. Agree that volatility's bad, no matter which direction we guy. The joys of a secular bear.

[Charles Dean]

Looks like we may see the 8000 bounce a couple of more times. We've already dropped 300 today from yesterday's surge.

[WestSideBilly]

[buyStocks]

I'm guessing a lot of short-term leveraged speculators are going to get burned when it drops below 8K and doesn't rally back up.

[rose-colored-coolaid]

[lamont]

[FreedomLover]

Huckabee is a moron. I hope he has no chance at the 2012 nomination, or the GOP is sunk forever. Can't we just root out all the crazies first?

[buyStocks]

Wonder if were gonna go below 8K today and stay there?

[WestSideBilly]

After yesterday, I figured we'd get a weak buy in the morning and a 300-400 point sell in the afternoon, only to rally back to ~8100 or so.

This has nothing to do with anything except the irrational, yet fairly predictable, pattern of the last few weeks.

[rose-colored-coolaid]

I don't know...something subtle seems to have changed in the last week or so. The declines are more reliable (and slower) and the rallies are less pronounced. I think either we settle on/around DOW 8200 pretty soon, or that becomes the ceiling soon rather than the floor.

[FreedomLover]

I predict Dow 4000 in 1 year.

[sniglet]

I'm predicting a Dow below 2000, and maybe even below 1000 by the time we hit bottom, over the next 4 years. In the meantime I expect to see amazing multi-month rallies that will shoot up 20% or more, only to lose it all again.

Bear markets are always the most volatile market periods, and I think this is going to be one of the most volatile markets ever.

[WestSideBilly]