Turbo dude, you should stay in for the long run, what happens if it hits 2000, sound crazy, not so since we're headed for hyper inflation.  You might see 5000 gold?

Yeah but I got antsy and wanted to buy another gun. I'm weak...

AP
Bernanke Testimony Turns Stocks Lower
Wednesday April 2, 10:24 am ET
By Joe Bel Bruno, AP Business Writer
Wall Street Pulls Back As Bernanke Says Economy May Weaken in the First Half of This Year


NEW YORK (AP) -- Wall Street pulled back Wednesday after Federal Reserve Chairman Ben Bernanke told Congress the economy may weaken in the first half of the year, a trend that would mean the U.S. is in a recession.
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Bernanke's prepared testimony to Congress' Joint Economic Committee was viewed as the closest he has come to suggesting the possibility of a recession caused by tightening credit markets, a slumping housing industry, and recent problems in the financial sector.

The Fed chairman also offered no assurances of further interest rate cuts this year, and that likely disappointed some investors, leading them to start collecting profits from Tuesday's huge gain.

The market began the second quarter with a big rally, sending the Dow Jones industrials up nearly 400 points, on renewed confidence the worst of the credit crisis was over. But, there is still great uncertainty about the economy -- and Bernanke's hinting at a recession was unnerving to the market, which last week gave up ground on worries that consumers were cutting back on their spending.

Still, after such a big advance, some profit-taking was also to be expected. In midmorning trading, the Dow Jones industrials fell 33.14, or 0.26 percent, to 12,621.22.

Broader indexes also dipped. The Standard & Poor's 500 index fell 3.02, or 0.22 percent, to 1,367.16; and the Nasdaq composite index fell 3.02, or 0.13 percent, to 2,359.73.

Treasury bonds, which are considered safe during times of recession, stalled as Bernanke was giving comments before Congress. The 10-year Treasury note's yield, which moves opposite its price, was unchanged from late Tuesday's 3.55 percent.

Oil prices were steady, with a barrel of light sweet crude up 20 cents at $101.18 on the New York Mercantile Exchange. The dollar was mixed against other major currencies, while gold fell slightly.

Though numerous economists have said they believe a recession is under way, Fed officials generally are cautious when describing the economy. A recession consists of at least two consecutive quarters of economic contraction and can only be declared in hindsight.

Bernanke outlined some of the steps taken in the past few weeks to help boost the financial positions of the nation's biggest investment banks. He offered that a failure of Bear Stearns Cos. would have been difficult to contain, and that was one reason why the Fed orchestrated the investment bank's sale to JPMorgan Chase & Co. last month.

Investors also weighed fresh economic data that indicated factory orders in the U.S. have fallen for a second straight month. The Commerce Department said orders dropped by 1.3 percent in February, about double the downturn that economists had been expecting.

In corporate news, Best Buy Co. said its fourth-quarter profit slipped 3 percent as customer traffic slowed after the holidays. But, the electronics retailer still beat Wall Street estimates, and shares rose $1.71, or 4 percent, to $45.18.

The Russell 2000 index of smaller companies declined 2.24, or 0.32 percent, to 708.41.

Declining issues barely outpaced advancers on the New York Stock Exchange, where volume came to 127.8 million shares.

Overseas, Tokyo's Nikkei index closed up 4.21 percent. There were gains on European bourses too, with London's FTSE 100 rising 0.08 percent, Frankfurt's DAX advancing 0.31 percent and Paris' CAC 40 gaining 0.23 percent.

New York Stock Exchange: http://www.nyse.com

Nasdaq Stock Market: http://www.nasdaq.com

It looks like the market will tank tomorrow! BewaRE............

I got Olympic medals in advance  of the Olympics in China at a HUGE discount,cause the Olympic games will not take place in China this summer. Call fast though there running out.I got all the Gold ones at half price. The Chinese Government needed the money to hire stronger forces to fight the Dali Lamas.Plus today they had to run more ads in the newspaper cause "TERRORISTS"are threatening to kidnap athletes,and foriegn media.Can you believe it the terrorists are now looking more Asian? You cant tell them apart from the rest of the Chinese? There going to not just disrupt the games,but cause them to be canceled.Cancel your flight,or did you by mistake make reservations with American airlines? That wont matter anyway,cause theyll be canceling that flight too?  Good luck!! PS BUY THIS!!!!!! www.artec-inc.net   ATKJ.PK Youll be VERY happy you did....$$$$$$

One word general electric.

Busy rubbing shoulders with the investerati of the

Whats this week going to bring? Does anyone have any idea?

Buffet says were not at the bottom yet? Watch for slow downs and lows in the market this week. Unless oil prices drop sharply. The recession will start looking very serious. With oil prices rising this week????? Forget it get out of the market. 2000 will repeat itself all over again 10 times faster.

I think this week will be difficult for the stock market.

CRASH....

From Reuters

Greenspan says U.S. economy on brink of recession

JOHANNESBURG (Reuters) - Former U.S. Federal Reserve Chairman Alan Greenspan warned on Tuesday the U.S. economy was "on the brink" of a recession.

He said via video link to an investment conference in Johannesburg the chances of that economy falling into recession were more than 50 percent and a rebound was unlikely.

Asked if the U.S. economy was in recession, Greenspan said: "We are on the brink". "A rebound at this stage is not something I think is in the immediate outlook," he added.

U.S. consumer confidence plunges again

By Ruth Mantell
Last update: 10:00 a.m. EDT June 24, 2008

WASHINGTON (MarketWatch) -- U.S. consumer confidence plunged in June to reach its fifth lowest reading ever, the Conference Board reported Tuesday, as expectations reached a record low.

Todays a bad day on Wall Street.

Drill Here, Drill Now, Pay Less. (and have a reliable source)

The point is to become energy independent.

Oil went up $5.00 per barrel in the last 24 hours.

I think we will be at $7 a gallon way before 2012. Oil prices are just going NUTS...and it's not going to stop...inflation is everywhere...it's a runaway train. This is not good...not just the US.

DOW JONES PLUNGES 350 -- LOWEST POINT SINCE 2006...

I just read that this June was worse than any other since the Great Depression.  If that wasn't just a little unnerving!

Just a few statistics to go along with all the good news:

• Crude oil up 42.5%
• Ethanol up 20.7%
• Heating oil up 43.9%
• Natural gas up 76.5%
• Unleaded gas up 39.5%
• Cattle up 1.0%
• Corn up 58.8%
• Soy beans up; 26.4%
• Coffee up 5.9%
• Aluminum up 32.7%
• Copper up 25.7%
• Platinum up 33.4%
• Gold up 6.0%
• Silver up 13.4%.
• S&P 500 down 10.24%
• Frankfurt DAX down 18.32%
• London FTSE down 12.23%
• Paris CAC down 19.64%
• Hong Kong Hang Sang down 18.33%.
• Tokyo Nikkei down 9.47%
• Singapore Straits down 14.04%.
• Seoul Composite down 9.57%
• Sydney All Ordinary down 15.76%
• Taipei Telex down 7.40%