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- Thread starter clayinaustin
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clayinaustin
Charter Member
The market had a last minute uptick today.
Ratickle
Founding Member / Super Moderator
He's done a real good job so far...:boxing_smiley:
The market had a last minute uptick today.
Bart and the PPT crew showed up late..
FAZ had a $25 swing today:sifone: i feel good !
Expensive Date
New member
I hope you are not holding over the weekend,its already down $4.67 in after hours.There is a lot of talk about amending market to market if this happens will be a nice rally lead by financials
no , never hold overnight , that is a day trade , period! the daily swing is great , 1k shares on a $4-$7 move 2 ,3 times a day , you can do the math.
not worried about the mark to market "talk" on the 12th.
people are tired of the taxpayer dumping into the banks..they talk transparency ,well ,if they touch m2m ,another lie to the taxpayer..m2m is transparency!!!!
then again ,with the way things are , all they have done is lied to the taxpayer...
my teacher is well seasoned with more years trading then i have been alive..in a nutshell ,the financials are toast ,who , would buy bank stocks?? really ?? no one except the machines..i will short them !
until all the banks come clean with the CMBS ,CDS ,and all the toxic chit , banks will continue to drag down the market ..would not be suprised to see Citi delisted this week as that is just a dead bank walking , followed by BoA..really , do the math , Citi has a market cap of 5 BILLION...WE THE TAXPAYER AND FUTURE TAXPAYER HAVE GIVEN THEM , AGAINST OUR WILL !! 45 BILLION!!!!
GE will be the next in line for a hanout of taxpayer money!!
i see we only had 1 bank for FDIC Friday! #17 for the year.
we have record number job loss , it's not getting better, over 5 million unemployed and they say it's at 8.1% ,guess what , the real number is closer to 17%...
what amazes me is when i do go off , people in public don't really have a clue as to what is happening , just spending away ,swiping that plastic card and go home , sit in front of the telly and say i won't have to pay it , the government will help me!!!!wow...
the worst is still to come...talking heads have been calling a bottom for weeks ,it 's not going to happen...most likely Dow sub 6k and SPX sub 600 before it's over...then , we can pick up what's left , and start to rebuild this great country , the land of the free , home of the brave- minus a bunch of banksters....and ,when all is said and done , i will be glad to pick up a shovel and do my part to help rebuild our country ,but , for now..short, short, short the banks ! i'm sure everyone who reads this post , has a loan ,money borrowed from a bank .....
they ever cut you any slack if something happens?...no..ever get a decent rate ? no...
now ,they want people to go out and buy a home ...say what????? that is what got the USA in this mess in the first place ! alot of people should have never got a loan to buy a home...that is reality...
the really sad part of it all , our CHILDREN are going to have to pay for this mess that WAll STREET and BIG BANKS created , they created these wonderfull financing vehicles , and the rating agencies slapped them with AAA ratings...
mom & pop banks ,were responseable ,they service the loans they sold ,and there are good regional banks ,they are not the ones who created this...
the next bubble will be commercial real estate, credit cards , treasury bills (china is not going to buy our debt forever)
the housing mess which has everyone pissed off, those who have done the right thing , worked for it ,only now for the government to say we want to help those who are underwater..a decent number of people who were responseable should get help , problem is , housing prices need the correction in value , AND THAT IS WHAT IS HAPPENING ! homes are a place to live , raise a family ,not a dam ATM!!!!
take a look at Direxion 3X ETF'S although whoever reads or plays with this ETF line ,make dam sure you put a stop loss in, as fast as it runs up , they will drop faster ,mentally you can't time it! as you ride up , increase your stop or use a trailing stop to increase / lock in your profit..
#1 RULE !!! PLAN THE TRADE.....TRADE THE PLAN ...
not worried about the mark to market "talk" on the 12th.
people are tired of the taxpayer dumping into the banks..they talk transparency ,well ,if they touch m2m ,another lie to the taxpayer..m2m is transparency!!!!
then again ,with the way things are , all they have done is lied to the taxpayer...
my teacher is well seasoned with more years trading then i have been alive..in a nutshell ,the financials are toast ,who , would buy bank stocks?? really ?? no one except the machines..i will short them !
until all the banks come clean with the CMBS ,CDS ,and all the toxic chit , banks will continue to drag down the market ..would not be suprised to see Citi delisted this week as that is just a dead bank walking , followed by BoA..really , do the math , Citi has a market cap of 5 BILLION...WE THE TAXPAYER AND FUTURE TAXPAYER HAVE GIVEN THEM , AGAINST OUR WILL !! 45 BILLION!!!!
GE will be the next in line for a hanout of taxpayer money!!
i see we only had 1 bank for FDIC Friday! #17 for the year.
we have record number job loss , it's not getting better, over 5 million unemployed and they say it's at 8.1% ,guess what , the real number is closer to 17%...
what amazes me is when i do go off , people in public don't really have a clue as to what is happening , just spending away ,swiping that plastic card and go home , sit in front of the telly and say i won't have to pay it , the government will help me!!!!wow...
the worst is still to come...talking heads have been calling a bottom for weeks ,it 's not going to happen...most likely Dow sub 6k and SPX sub 600 before it's over...then , we can pick up what's left , and start to rebuild this great country , the land of the free , home of the brave- minus a bunch of banksters....and ,when all is said and done , i will be glad to pick up a shovel and do my part to help rebuild our country ,but , for now..short, short, short the banks ! i'm sure everyone who reads this post , has a loan ,money borrowed from a bank .....
they ever cut you any slack if something happens?...no..ever get a decent rate ? no...
now ,they want people to go out and buy a home ...say what????? that is what got the USA in this mess in the first place ! alot of people should have never got a loan to buy a home...that is reality...
the really sad part of it all , our CHILDREN are going to have to pay for this mess that WAll STREET and BIG BANKS created , they created these wonderfull financing vehicles , and the rating agencies slapped them with AAA ratings...
mom & pop banks ,were responseable ,they service the loans they sold ,and there are good regional banks ,they are not the ones who created this...
the next bubble will be commercial real estate, credit cards , treasury bills (china is not going to buy our debt forever)
the housing mess which has everyone pissed off, those who have done the right thing , worked for it ,only now for the government to say we want to help those who are underwater..a decent number of people who were responseable should get help , problem is , housing prices need the correction in value , AND THAT IS WHAT IS HAPPENING ! homes are a place to live , raise a family ,not a dam ATM!!!!
take a look at Direxion 3X ETF'S although whoever reads or plays with this ETF line ,make dam sure you put a stop loss in, as fast as it runs up , they will drop faster ,mentally you can't time it! as you ride up , increase your stop or use a trailing stop to increase / lock in your profit..
#1 RULE !!! PLAN THE TRADE.....TRADE THE PLAN ...
http://www.smartmoney.com/Investing/Economy/Even-Worse-Than-the-Great-Depression/
" Worse Than the Great Depression " And A Life Chg Event Too!
Over the last couple years I loved to ridicule all the scaremongers who always said this, that or the other thing is “the worst since the Great Depression.” I stand by my ridicule, for the most part -- those prophets of doom were mostly broken clocks who look right now just by sheer luck. But there's no question now that things have gotten quite bad in the economy and the markets.
So let me do the preachers of Armageddon one better. Today's stock market isn't just the “worst since the Great Depression,” like they're so fond of saying. No, it's even worse than the Great Depression.
Take a look at the chart, below. It shows the daily progress of the S&P 500 in terms of percentage change from the very top. The brown line is the change from the recent all-time highs on October 9, 2007. The blue line is the change from the all-time highs just before the Great Depression, September 6, 1929.
As of yesterday's close (Thursday, March 5), the S&P 500 has lost 56.4% from its all-time highs 513 days ago. At the same point in the bear market associated with the Great Depression, that is at the 513 day mark, the S&P 500 had only lost -- only! -- 49%.
In other words, to be no worse than the catastrophe that happened to stocks in the Great Depression, the S&P 500 today would have to rally 17%.
Looking forward, if stocks are going to continue along the same bleak path they followed during the Great Depression, then I have good news and bad news. The good news is that we're halfway through it. In the Great Depression, the bear market lasted 997 days. We passed that halfway mark two weeks ago. Maybe that's what Barack Obama meant when he said, as he signed the so-called “stimulus” bill, that this was “the beginning of the end.”
He signed that bill on Friday the 13th, by the way. Which brings me to the bad news. By the time the bear market was over in the Great Depression, on that 997th day, the S&P 500 had lost 86.2% from the top. To match that, we'd have to fall another 68.3% from here. Hmmm…maybe that's what the president meant when he said this was “the beginning of the end.”
" Worse Than the Great Depression " And A Life Chg Event Too!
Over the last couple years I loved to ridicule all the scaremongers who always said this, that or the other thing is “the worst since the Great Depression.” I stand by my ridicule, for the most part -- those prophets of doom were mostly broken clocks who look right now just by sheer luck. But there's no question now that things have gotten quite bad in the economy and the markets.
So let me do the preachers of Armageddon one better. Today's stock market isn't just the “worst since the Great Depression,” like they're so fond of saying. No, it's even worse than the Great Depression.
Take a look at the chart, below. It shows the daily progress of the S&P 500 in terms of percentage change from the very top. The brown line is the change from the recent all-time highs on October 9, 2007. The blue line is the change from the all-time highs just before the Great Depression, September 6, 1929.
As of yesterday's close (Thursday, March 5), the S&P 500 has lost 56.4% from its all-time highs 513 days ago. At the same point in the bear market associated with the Great Depression, that is at the 513 day mark, the S&P 500 had only lost -- only! -- 49%.
In other words, to be no worse than the catastrophe that happened to stocks in the Great Depression, the S&P 500 today would have to rally 17%.
Looking forward, if stocks are going to continue along the same bleak path they followed during the Great Depression, then I have good news and bad news. The good news is that we're halfway through it. In the Great Depression, the bear market lasted 997 days. We passed that halfway mark two weeks ago. Maybe that's what Barack Obama meant when he said, as he signed the so-called “stimulus” bill, that this was “the beginning of the end.”
He signed that bill on Friday the 13th, by the way. Which brings me to the bad news. By the time the bear market was over in the Great Depression, on that 997th day, the S&P 500 had lost 86.2% from the top. To match that, we'd have to fall another 68.3% from here. Hmmm…maybe that's what the president meant when he said this was “the beginning of the end.”
Expensive Date
New member
Might have to change this thread title tomorrow
Expensive Date
New member
If that happens will strippers start taking quarters?:26:
You will have to be quarter Bill
DollaBill
New member
Thats a good point Tim. Hell, if it comes down to it I'll be pennybill. BTW, how's your wife like my new avatar? LOL. Good seeing you Sat nite
Expensive Date
New member
Geronimo36
Charter Member
Someone I know and respect once told me, "the money is where the money is."
What he meant is it's in the financial industry... So if the money ain't there anymore (even if it was phony money)...so is the ability for the money to make money...
Geronimo36
Charter Member
Hell, I'll even comment on that one.... Very nice...I hope you were able to partake in the festivities...:drool5:
DollaBill
New member
Tommy Gun
Charter Member
What kind of dealerships???
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