Crash of 2011 happening now?

Only 2.5343 % 1180 S&P. Some say 1145 but I don't think that far and I'll look at the slope angle to 1180 to see if it's slowing. Just my current guess.
 
Yes. it's just a slow-motion crash- we lost 512 points on Thursday, and then the S fund lost a bunch more on Friday. Since the downgrade of the USA on Friday after the close, I'm expecting the market to tank on Monday- it will become known as "Black Monday 2011" in the future. \

Sheesh- even the E-trade baby is hosed-

 
Remember, somebody was buying when others were selling. Some of them are eyeballing other property in the Hamptons to demolish and rebuild like Tepper.
 
One mistake I made in 2008, was to get back in too early. I think I'll watch for a little while longer before getting back in stocks. Downside risk seems a little high right now.
 
One mistake I made in 2008, was to get back in too early. I think I'll watch for a little while longer before getting back in stocks. Downside risk seems a little high right now.

This could have been so much easier if we had just let it all burn for 700 billion a couple years ago. Now it's costing us 4 times as much, and going to hurt more than that.

Compound interest I think it's called.
 
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Are we working towards a similar chart as this? Tom has been mentioning we are breaching the neckline of the head and shoulders pattern which is what the chart shows as well:
stock-crash-11-10-08_image004.jpg
 
Just a reminder- the P&F chart for the S&P 500 is still showing 1140 as the price objective.

And has been showing that for some time.
 
[h=1]Obama to speak on economy in wake of downgrade[/h][h=2]WASHINGTON (AP) -- President Barack Obama plans to deliver a statement about the economy as the nation grapples with the first downgrade of U.S. debt in the country's history.

Obama will speak at 1 p.m. EDT from the White House.
[/h]
One p.m.
 
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