October Stalk Talk !!!

Incredible...3:30  to 4:00 pm oughta be a thing to behold.

Kenan Thompson on SNL last night, FIX IT!!!!!! 

I think we're going to test the 7,950-8,000 range again and then surprisingly rise into close around 8,250-8,300.  But then again, what the hell do I know.

Aside from a brief drop in 2002, these are basically the lowest levels since 1997.  11 years of market gains wiped out.  The scary thing is from a chart look there doesn't seem to be much support under 7,500 until 4,000.  It was basically a straight shot from 4,000 to almost 8,000 between '95 and '97.

Depends..usually you can do it once in a while and not get an account restriction.

Scottrade lets you..

So is this already at this point the most precipitous market drops since the great depression?  I think it is.  I still don't think we reach depression era type stuff.  I just still have to believe we have so much more in place and so much more going on now that we would be able to weather it better.  Just hard to believe otherwise.

WTF   Sharebuilder is down and I can't trade a fvckin thing

I hate that shyt site again.  I am going to throw my laptop across the room

Well this atomic drop has no support, especially since the market is frozen to a degree and the players are not in to create any sort of normalicy to this drop.

apparantly this letter was just sent out to major hedge funds....i just got it in my inbox
--------------------------------------------------

/ Mr. -----
   Senior Managing Director ----- Partners
   -------
   New York, NY 10022 /

   /Dear Mr. ------: /

   /The Committee on Oversight and Government Reform is conducting an
   investigation into the causes and effects of the financial crisis on
   Wall Street. As part of this investigation, the Committee will be
   holding a hearing on the role of hedge funds in our financial
   markets and their regulatory and tax status. I am writing to request
   your testimony about these issues before the Committee on Thursday,
   October 16, 2008, at 10:00 a.m. in Room 2154 of the Rayburn House
   Office Building. /

   /I ask that you be prepared to testify about whether hedge funds,
   including yours, pose systemic risks to the financial markets;
   whether the lack of federal regulation of hedge funds is
   appropriate; whether the terms of your compensation and those of
   other hedge fund executives promote excessive risk taking; and
   whether the special tax treatment of the compensation of hedge fund
   managers is warranted. /

   /In order to assist the Committee in preparing for this hearing, I
   ask that you provide the following documents and information for the
   time period from January 1, 2005, to the present: /

         /*1.* A list of all hedge funds under your control, the total
         assets under management of each fund at the end of each year,
         and all private placement memoranda and other reports to
         investors relating to those hedge funds. /

         /*2.* Documents sufficient to show the value and nature of
         each hedge fund's position at the end of each year in
         mortgage-backed securities, collateralized debt obligations,
         credit default swaps, and other securities or derivatives, and
         the amount of leverage used by each fund. /

         /*3.* All documents, including e-mails, drafted, sent, or
         received by you relating to (a) the level of risk or leverage
         associated with your hedge funds or other hedge funds; (b) the
         likelihood that your hedge funds or other hedge funds could
         suffer significant losses or collapse; or (c) the systemic
         risk or impact on the economy that could follow from
         significant losses by or collapse of your hedge fund or other
         hedge funds. /

         /*4.* The compensation paid to you and the next two highest
         paid officers in your firm and the formula used to calculate
         this compensation. Please include with your response a table
         showing the compensation paid to each individual, broken out
         by year and type of compensation (e.g., overhead fee, carried
         interest, bonus, etc.). /

         /*5.* All documents, including e-mails, drafted, sent, or
         received by you relating to the tax treatment of compensation
         to hedge fund managers. /

   /You should provide the documents and information to the Committee
   by 12:00 noon on Thursday, October 9, 2008. In addition, I ask that
   you advise the Committee by 12:00 noon on Monday, October 6, 2008,
   whether you will comply with this request on a voluntary basis. /

   /The Committee on Oversight and Government Reform is the principal
   oversight committee in the House of Representatives and has broad
   oversight jurisdiction as set forth in House Rule X. Attachments to
   this letter provide additional information for witnesses appearing
   before the Committee and about how to respond to the Committee's
   request for documents and information. /

has anyone heard any news of the lehman cds auction yet ??

Banks ROLLING..

KBE up on the day.

I'm only 21, and I have like a couple of g's just lying around that I'd rather not reinvest into sports wagering. Any thoughts on what/when I should pump this money back into the system?

I was thinking auto stocks because their cheap, and it seems like they're in their worst shape ever.

Anyone care to help out a novice?

Buckle your chin straps boys its probably about to get real good or real bad

8.625

8.6 cents on the dollar

now the counterparties have to come up with the cash to settle...if they dont, then bye bye birdie

Piles,

Me too..look at the 3 month chart on that stock, it was over 80 less than 3 months ago. I have to think that things arent THAT bad for the sector.

sit cash...do not go all in ever with anything

if you do want to invest...do a little bit at a time over the next 12 months (dollar coats average)

This meandering kind of off the lows but not really making progress is not good..

Either smash them or run them..do something here markets.

UYG back green again

They are trying to goose the banks, will it hold this time??

Ok here they go..

Just popped the markets 200 pts in like 5 minutes.

They could go positive fellas.

Or if they dont keep this going, it will be back down to -400 to 500 again..

Wicked rally

KBE up 5% now.

Here comes green......

They will take this positive..