Carnage on Wall Street signals fears about U.S. economy ???

[Sailor]

Way to much high impact news today. One small trade. account increase.

 

[Sailor]

First trade of the week, up .78% Red news in 24 minutes so no further trades this hour.

 

[Sailor]

BE then quick take profit 1 and trailing stop hit. Acct gain today 1.51%

 

[bwframe]

[h=2]Dow Jones Industrial Average (^DJI)[/h] -DJI  Watchlist

15,823.52

381.45(2.35%) 2:17PM EST

Prev Close:	16,204.97
Open:	16,147.51

Day's Range:	15,808.72 -16,147.51
52wk Range:	15,370.30 -18,351.40

 

[Jackson]

Burl, does the market cause you a lot of anxiety?

 

[bwframe]

Burl, does the market cause you a lot of anxiety?

I monitor it as a societal indicator.

 

[bonkers1919]

I only look at one indicator, OIL. There is no place left on land to store crude oil. Tankers are sitting outside ports with no place to unload. Some tankers, full of oil, are going back to their home ports. Oil is needed in every sector of our economy. The largest consumer of oil is\was manufacturing. No one is manufacturing on the scale they once were. That includes China.

The next time you go into any department store, food store, look at the shelves. The shelves are not fully stocked the way the were in the past. Just enough product to cover "open holes" on the shelf. I believe we have been and are in serious deflationary times.

Only two questions remain. How far down the rabbit hole will the economy go? How fast does the economy go into the rabbit hole?

 

[bwframe]

More anxiety:

http://finance.yahoo.com/news/stock...-google--facebook-global-flaps-155108563.html

 

[Sailor]

Bank holiday, slow movement today. About ready to close this for +.51%

 

[Sailor]

Good start to the week.