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Market recap: Stocks closed near session lows, with the Dow posting back-to-back triple-digit...

Market recap: Stocks closed near session lows, with the Dow posting back-to-back triple-digit losses, as outlooks from Chevron, Alcoa and Cummins added to concerns about a global slowdown. The IMF warned that if the eurozone fails to solve the debt crisis, its banks could be forced to sell as much as $4.5T worth of assets. NYSE decliners beat advancers seven to six.
Comments (11)
  • These outlooks have been known for months; the market meltup thanks to the Fed and other monetary authorities. Shaking out weak bulls, or headed toward 1385 (or 1250, for that matter)?
    10 Oct 2012, 04:39 PM Reply Like
  • Get a couple down days, and everybody gets in a tizzy, imagining all kinds of bad things. Ten companies reporting, so far, we have 6 beats, 3 misses and one tie.
    10 Oct 2012, 05:15 PM Reply Like
  • I agree, but I'd phrase it "reinventing all kinds of old news" to affect outcomes. Seems we have little creativity these days, just desperation to make money out of nothing.
    10 Oct 2012, 05:26 PM Reply Like
  • Alcoa's beat is hardly a success. Lower the bar far enough and everything becomes a beat. The "beat" headlines are pointless, as US companies have become masters in attaining beats. The US btw. has traditionally far more beats than Europe. I wonder why? Gee, must be all these amazing companies bounding from one successful quarter to the next.
    11 Oct 2012, 02:32 AM Reply Like
  • I am a little more cautious here folks!
    The action in Apple has been terrible.
    The Nasdq is Apple,
    20% of the index is Apple, I believe.
    Risk to the downside is about to become crystal clear!


    You could finally see a limit down day on one of the averages.
    Flash Crash for real?
    Octobers are a real mother franken-futter!
    Look out for profit taking, raising cash into year end!


    Wave "C" or 3RD wave down are violent!
    and quick!
    10 Oct 2012, 06:01 PM Reply Like
  • Oy vey. Hysteria already?


    Have a beer.
    10 Oct 2012, 06:04 PM Reply Like
  • This sell of is just thinning the heard of sheep.


    If you cant stomach the volatility, get out of the market!


    Enjoy the ride people!
    10 Oct 2012, 06:58 PM Reply Like
  • If a 30 point drop in the S&P gets your hear all a flutter then I suggest you take your money out of the market and put it in T Bills or in a CD.


    No shame in that. With return comes risk. There is no other way.


    Chances are we could go down another 50 to 60 points on the S&P next few weeks. Just watch for the end of equities crowd to come back. So what. Next two to three years we go higher.


    Expected real returns with a yields at 2.1 to2.5% and dividend growth at 1.4 to 2% per year are 3.5 to 4.5% per year. That beats everything else out there.


    Obama Must Be Defeated.


    10 Oct 2012, 08:17 PM Reply Like
  • Petrarch...great name
    11 Oct 2012, 03:47 AM Reply Like
  • The battle between the central banks and fundamentals. Trillions of $$ in money printing and things are contracting. Print more money I forgot they're already doing that
    10 Oct 2012, 08:40 PM Reply Like
  • Folks


    Its time to start prepping. The tipping point is going to get exposed after the election...Tons of layoffs addedto our real 20% unemployment.


    Time are going to get real tough..get your guns ready !!!
    11 Oct 2012, 12:01 AM Reply Like
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