Mikey22222 The beat goes on

mikey whats your opinion on DIG at the moment?? oil has gone up a good amount today probably just a safety net play with the financial's falling like rocks.

you still think we rally into friday ?? todays huge gap down has been cut in half. but alot of negativity still around.

isnt it a little early to get into uyg ?? financials are still getting negative attention.

I think you will take the lows out at 14 if that is what you are saying but I look for 27 within 4 months

NSC about to break

I picked up some NSC $55 puts, I don't think it really matters what you buy on the short side for the next few days, going off of what KOAJ wrote and looking at the VIX.  I think we see a 1K drop and then the rally you have been talking about through the end of the year.

I will load up on gold puts hopefully after the market drops.

Remember in Feb 2007 when the Sibprime first broke. The CEO's of the major Financials all said its just the subprime lenders  and the FED said everything is OK Housing is OK and this is temporary. They said DON'T FIGHT THE FED" Well the financials and the market rallied up into May of that year and they all had "better than expected" earnings. Then in Jul when Countrywide hit the CEO again came out and said its not us. The financials held up until mid Oct 2007 and the market rallied into Aug 2007 and they said DON'T FIGHT THE FED" Then in January 2008 Bear Stearns went under and the FED arranged a bailout and the market rallied and they said DON'T FIGHT THE FED" ..During this whole phase the FED seemed to be in control and the "experts" said stocks are cheap and there is no recession and hold for the long term and DON'T PANIC.

Now look at this week....The FED looks like it has lost control and the financials are in a death dive and  you knwo what they are saying They are saying BE SAFE WITH YOU MONEY and I don't hear them saying DON'T FIGHT THE FED. I see this "crisis" all over the newspapers and the Nightly News.

They are telling you to sell now and be safe ...buy Gold buy treasury bills with your retirement money. I say BULLSHIT

I SAY YOU "EXPERTS WANT THESE FOLKS TO SELL THEIR STOCK AT THE LOW.  I say the market is a buy not a sell. and I say that Gold is a short not a buy. At least you are hearing the truth from someone.

mikey - i dont know if its truth, just contrarian thinking which i'm all for

but you can ask some of the guys who've been here for a while, i've been talking about meltdowns and armaggedon for a while here and i think we're just getting started

the only way out of this is for the fed to print money...or let them all fail and rebuild from scratch

Staying short my Cho Choos

ive been around the mkt for a while but today blows my mind

Options expiration tomorrow and a whole lot of puts that were bought this week just became worthless.

I still think we take a dive below 10K soon.

mikey

 what financial would you pick as a day trade play tomorrow ??

I want to slap myself. right before the market turned i was getting ready to leave i had UYG on screen and GE.  uyg i think was about 14.60's and GE was 22.25 i started to write in a buy order for ge @ 22.25 but never clicked it in. I figured i could come back and they'd both be cheaper. left the house come back 4 hours later and seen every stock on the planet had risen.

nice call on the rally mikey