looks like the Fed may have provided a stay of execution with there 3/4 cut BUT I think it just prolongs the agony. will see what happens at "margin call time" around 11:00 est
looks like the Fed may have provided a stay of execution with there 3/4 cut BUT I think it just prolongs the agony. will see what happens at "margin call time" around 11:00 est
Off to the bank to see if there is a line around LOL...hang in there guys this day will erally be interesting for everyone. Best of luck to all and sundry!!!
Off to the bank to see if there is a line around LOL...hang in there guys this day will erally be interesting for everyone. Best of luck to all and sundry!!!
This is not the scariest. The 2000 dotcom bubble was so much scarier because the valuations had were absurdly detached from reality. We are not in that kind of territory. This sort of thing is "temporary" (meaning maybe years though) but we will be in value territory before long. The valuations are not out of whack.
This is not the scariest. The 2000 dotcom bubble was so much scarier because the valuations had were absurdly detached from reality. We are not in that kind of territory. This sort of thing is "temporary" (meaning maybe years though) but we will be in value territory before long. The valuations are not out of whack.
This is not the scariest. The 2000 dotcom bubble was so much scarier because the valuations had were absurdly detached from reality. We are not in that kind of territory. This sort of thing is "temporary" (meaning maybe years though) but we will be in value territory before long. The valuations are not out of whack.
valuations mean nothing when credit is no longer available...this is much scarier
this is the deterioration of our credit system and the entire market delevering itself
Quote Originally Posted by depeche2:
This is not the scariest. The 2000 dotcom bubble was so much scarier because the valuations had were absurdly detached from reality. We are not in that kind of territory. This sort of thing is "temporary" (meaning maybe years though) but we will be in value territory before long. The valuations are not out of whack.
valuations mean nothing when credit is no longer available...this is much scarier
this is the deterioration of our credit system and the entire market delevering itself
you know there is a lot of interest from people who are not normally players when both the CBSmarketwatch and BigCharts sites are down. servers probably getting overrun with traffic.
you know there is a lot of interest from people who are not normally players when both the CBSmarketwatch and BigCharts sites are down. servers probably getting overrun with traffic.
i cannot believe we are up over 400 points from the open. i really fucked today up. should have covered my shorts at the open. i left a lot of money on the table.
i cannot believe we are up over 400 points from the open. i really fucked today up. should have covered my shorts at the open. i left a lot of money on the table.
a real financial stock "flip & dickem" today. the SKF (financial short) was @ 147 early, NOW 117. those two "in the crapper" stocks ETFC and CFC were 2.49 and 4.25, NOW 2.99 and 5.75
a real financial stock "flip & dickem" today. the SKF (financial short) was @ 147 early, NOW 117. those two "in the crapper" stocks ETFC and CFC were 2.49 and 4.25, NOW 2.99 and 5.75
My mouth has dropped 10 times today seeing the lows on some of these stocks.
CRDC hit 8 bucks, now over 9..thats just one, as you guys have mentioned already the moves from the lows are huge.
Somthing tells me we arent finished yet. If the market goes POSITIVE today, then you have me on the trading bottom, but if not I am not convinced this is the end yet.
To respond on fear..I have been around all Koaj has of course and to me there is ZERO comparision..when the planes hit the WTC and the weeks after that, those were the scariest days I have seen in the markets.
Now financially, these are scary times because we really dont know how and where this mess leads us. The combination of inflation and recession is one TOXIC, messy situation.
What a day to miss the open.
My mouth has dropped 10 times today seeing the lows on some of these stocks.
CRDC hit 8 bucks, now over 9..thats just one, as you guys have mentioned already the moves from the lows are huge.
Somthing tells me we arent finished yet. If the market goes POSITIVE today, then you have me on the trading bottom, but if not I am not convinced this is the end yet.
To respond on fear..I have been around all Koaj has of course and to me there is ZERO comparision..when the planes hit the WTC and the weeks after that, those were the scariest days I have seen in the markets.
Now financially, these are scary times because we really dont know how and where this mess leads us. The combination of inflation and recession is one TOXIC, messy situation.
To respond on fear..I have been around all Koaj has of course and to me there is ZERO comparision..when the planes hit the WTC and the weeks after that, those were the scariest days I have seen in the markets.
Now financially, these are scary times because we really dont know how and where this mess leads us. The combination of inflation and recession is one TOXIC, messy situation.
i concur - however 9/11 wasnt a financial thing...it was a declaration of war more or less....coming from someone who worked 10 blocks away
there's no bottom for what were dealing with now because of uncertainty
Quote Originally Posted by wallstreetcappers:
To respond on fear..I have been around all Koaj has of course and to me there is ZERO comparision..when the planes hit the WTC and the weeks after that, those were the scariest days I have seen in the markets.
Now financially, these are scary times because we really dont know how and where this mess leads us. The combination of inflation and recession is one TOXIC, messy situation.
i concur - however 9/11 wasnt a financial thing...it was a declaration of war more or less....coming from someone who worked 10 blocks away
there's no bottom for what were dealing with now because of uncertainty
Mortgage rates are phenominal.....if you qualify. If I was in an adjustable loan I would definetly look into getting a 30 year fixed locked up. Conforming loans with good credit you are looking at 5.25%. KOAJ, rates will not get to the range you are talking about. The 10 year bond is low and the banks still aren't adjusting their rates in accodinance with the movement. they are treading lightly....
Mortgage rates are phenominal.....if you qualify. If I was in an adjustable loan I would definetly look into getting a 30 year fixed locked up. Conforming loans with good credit you are looking at 5.25%. KOAJ, rates will not get to the range you are talking about. The 10 year bond is low and the banks still aren't adjusting their rates in accodinance with the movement. they are treading lightly....
MBI, ABK, SCA
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