Monday, May 11, 2009

Yawn! I'm right again

Dow in triple-digit selloff

NEW YORK ( -- The Dow and S&P 500 retreated Monday morning as investors bailed out of financial and commodity shares after a two-month rally, but the Nasdaq managed to trim early losses.

The Dow Jones industrial average (INDU) lost 100 points, or 1.2%, roughly 90 minutes into the session. The S&P 500 (SPX) index lost 12 points, or 1.4%. Both the Dow and S&P 500 ended the previous session at four-month highs.

The Nasdaq composite (COMP) was little changed after sliding in the morning.

Stocks have been rallying since hitting multi-year lows in early March. The Dow and S&P 500 have risen for eight of the past nine weeks; the Nasdaq has risen for 9 in a row. In that time the Dow gained 31% and the S&P 500 and Nasdaq gained 37

Once again I prove that I know nothing about buisness or the economy, but I do know when the markets will take a dip. Over a month ago I said this:

The Legatus will meet for there Pro-Life Pilgrimage on May 6-8. So I am thinking that this will be mostly them just trying to gather up funds to spew their pro-life Nazi views. So I am not anticipating a major market drop. But there will be at least couple hundred drop in the dow on May 11 or12th.

And what do you know, it May 11th and stocks suddenly start plummeting after weeks of rebounding.

Am I Nostradamus, no.
Am I crazy, a little.
Am I the only person that sees something is wrong here, yes.

How can it be that every time the Legatus meets, stocks tumble and nobody points this out. Besides me of course. When will people in the finance sector get it? Probably never.


Anonymous said...

Let's be honest!! You did not predict this in ANY way shape or form. You read about this somewhere previously. Rienhart, etc. Those blogs made the predictions not you. YOU STOLE THIS INFORMATION, it is not your discovery or prediction. You have just latched on to the idea and try and pass it off as your own. Gonna have to start calling you Mike Barnacle the plagarist. Getting some ideas of your own or stick to the UFO's.

theLucky said...

At some point in your life your balls will drop, then you can say your a man. Until then remain anonymous.

Anonymous said...

Is this offensive response an admission that you stole this information?

Anonymous said...

"Yawn, I'm right again"
Bullshit that you had this all figured out. Stop posting other peoples ideas and thoughts and then trying to pass them off as your own.

It is downright silly and you were not right again. The guy you stole this information was right again.

Anonymous said...

who cares if he stole the information? This clearly isn't fuckin TIME magazine. Get a life and read something else. Seriously, theLucky is obviously NEVER going to be a respected writer so leave the dorky dude alone. Shouldn't you be going to see Star Trek again?

Anonymous said...

It is not TIME magazine, but don't sit back and try and make yourself sound like a wizard or nostradamus or some bullshit like that. I am right again. It is just cheap to try and put yourself on a pedistal when it is just stolen or "borrowed" information.

wang said...

Everyone, take two weeks and go hang yourselves.

Anonymous said...

Lucky is the greatest!