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Old 05-17-2006, 11:54 AM   #1
David - PG
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Bloodbath in the markets, who else is getting hurt?

They're axing everybody and everything throughout all sectors now:

Final selloff before a bounce, or the beginning of a long term bear market?!
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Old 05-17-2006, 11:59 AM   #2
freezex
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Im goin short. Making some bacon on all you bulls.
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Old 05-17-2006, 01:03 PM   #3
Furious_Male
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I took a pounding but I am a long term investor so I try not to sweat days like this.
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Old 05-17-2006, 01:09 PM   #4
Expo_Vids
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People will continue to switch out of US dollar dominiated assets. Nobody wants to be left holding the bag when the dollar takes a dive.
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Old 05-17-2006, 01:55 PM   #5
David - PG
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I agree about the Dollar longterm. On a day like this though they seem to trash everything that is tradable. Europe, Asia, Emerging Markets or USA. Metals, Oils, Semis, Biotech or Autos... Doesn't matter it has to be trashed.

DJ30 closed down over 200 points, I am waiting for a bottoming process to set in before putting fresh capital to work. With this inflation panic going around this could take a while.

Wouldn't be surprised if we're in for another bad beating tomorrow.
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Old 05-17-2006, 02:45 PM   #6
Mpegmaster
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The indian markets crashed for the last 2 days and then recovered.......

there was some heavy selling everywhere......good for the day traders.....

one of my friends went SHORT on the market and made some major bling in a single day
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Old 05-17-2006, 02:48 PM   #7
Manowar
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UK markets took biggest drop in 4 years

everywhere is feeling it
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