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View Diary: Open thread for night owls: Why vote on Tuesday? (124 comments)

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  •  Shit shit shit shit shit (4+ / 0-)
    Recommended by:
    franklyn, jaywillie, grover, JML9999

    Asian stocks tumble

    My socialist friend called it hours ago after I told about what happened with the Greek elections.  Brace yourselves for tomorrow.

    •  So what? I'm ALREADY broke! nt (2+ / 0-)
      Recommended by:
      JML9999, here4tehbeer

      Fuck Big Brother...from now on, WE'RE watching.

      by franklyn on Sun May 06, 2012 at 10:04:35 PM PDT

      [ Parent ]

    •  The market has been too heated. (0+ / 0-)

      A tumble tomorrow may be a reasonable correction. It doesn't harm the underlying factors that have been fueling it.  And frankly, anyone that has been buying for the last 6 months should know this was likely and should NOT have been buying short term (i have no sympathy for day traders)
      I see a tumble as a good day to go shopping if you have a little extra cash and time to let things play out.

      A 3% drop puts the Dow at 12600 more or less. I think that's still a little inflated, but it's May. It would likely level off in the fall too.

      And the drop in oil prices is a good thing for a recovery.

      So BK, I'm not as concerned with the initial news as you are. The weakness has been in Europe for a while. The elections seem to change a lot, but I'm not sure that structurally, they change all that much. It's easy to promise when campaigning and harder to deliver when governing.

      I think the markets are just freaking out to things like "socialist president." Just those words make capitalist traders itchy and overreactive.

      © grover


      So if you get hit by a bus tonight, would you be satisfied with how you spent today, your last day on earth? Live like tomorrow is never guaranteed, because it's not. -- Me.

      by grover on Sun May 06, 2012 at 10:46:53 PM PDT

      [ Parent ]

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