The Facebook IPO is set for Friday so we could see a rally because of it. It should provide an opportunity to sell longs and short the market.

Hope it doesn't become Farcebook.

Cramer is talking a potential $1,000 point correction in the dow.

So much for a facebook rally. Shows you how badly someone wants out

That's pretty good. Well I mean bad.

The DOW's high point this year was at 13,279 only 18 days ago on 5/1/12 ... and today it closed at 12,369. Almost at a 1000 point drop already. Or do you mean ANOTHER 1000 points from right now?

He meant another thousand...

I've been following some people are are technical experts in the stock market, and next week is critical to holding onto some key technical levels. Well, actually, some short term ones have been breached, but if some medium term ones are breached, things COULD go down big. I'm guessing a short term bounce is in order. I hope so! The market is way oversold at the moment.

It'll probably drop for another few weeks, then race back.

I'll wait a bit before I add to my positions.

I suppose no one took advantage of the Triple in the stock I previously mentioned?

3 X short fund?

Interesting piece on the European news about China paying the price for the birth rate policy it initiated in the '80s.

The one child only policy has left them with an extremely aging population. There are not enough younger people to aid their aging parents so the government must step in (uh,oh). Of course, this is contrary to the traditional Chinese culture, but what must be done must be done. Low birth rates in Europe are contributing to the problems in the EU.

Additionally, the policy has left China with a labor imbalance. A fast growing economy with a smaller labor force to meet its needs. The workers are demanding more in wages and the fear is that some manufacturing will leave for Thailand or Vietnam where labor is cheaper.

I hope the Chinese still have a desire to buy U.S. debt.

I've read many articles about that Groucho, and because the United States has the most liberal immigration policy, it will ride out the coming demographic changes in man kind the best.

The only reason we've sold China, and Japan debt and to run trade deficits is because it kept and created global demand for the US dollar. That's the entire point of the petro dollar system. US citizens have been and will always be the largest holders of US debt through the fractional reserve banking system. It's how the monetary system works. The dollar ain't goin NO WHERE, and as we're likely heading into a global recession, the world's wealth is starting to flood into the US dollar. I could be wrong and many "experts" like Bill Gross continue to be wrong, but a new treasury bull market could be starting. The same thing happened in 08 with world investors essentially paying the US government to preserve their wealth, but the collapse in 08 was just the start of an even bigger economic crisis that I think is now starting. I hope I'm wrong, but I'm getting very defensive right now.

Good points Drew.






I worry about our leaders trying to balance the budget way to soon. I also think they "assume" a balanced budget would be better for growth.

http://www.businessinsider.com/chart-of-the-day-why-facebook-never-fell-below-38-per-share-2012-5

There's your Farcebook IPO. Facebook is worthless and many investors tried to short the pig into the ground but Morgan Stanley didn't let them. That's also what kept the overall market from selling off even worse on Friday.

Don't worry, buster. The most dire plan would balance the budget in 30 years.