Friday could be horrific when the NFP numbers post, but I think the
gov't will lie about the numbers. Wait 'til pink slip time comes in
December and then Jan/Feb numbers.
Amen...selling short into Friday, don't care what bill they sign. This is just the beginning of a major tank job
Friday could be horrific when the NFP numbers post, but I think the
gov't will lie about the numbers. Wait 'til pink slip time comes in
December and then Jan/Feb numbers.
Amen...selling short into Friday, don't care what bill they sign. This is just the beginning of a major tank job
I think the market might experience the same type of straight down nose dive soon enough.
Consider the fact that confidence is shot.How can anyone but a complete oaf have confidence in Congress? (Hence their stellar 10% approval rating, which makes Bush look fine!)
Does one really think the likes of Frank and Pelosi know what they are doing? Hardly...
Is there any reason to think that people will suddenly, even if they could qualify for a loan and most can't, go buy a house? Of course not. And the housing market has got to stabilize before the entire market can get its bearings.That is going to be a long time from now, maybe fourth quarter of next year, maybe longer.
Throw in a terrible Christmas season for retailers (I pause to note CC at 67 cents and falling LMAO) and I much like the quiet withdrawal of bank deposits from Wachovia, the discreet dumping of USDs by countries, and you have the makings of a protracted decline.
Wish it were otherwise, but, reality bites.
And their belated passage of any bill will not result in a real turnaround to this mess.
I think the market might experience the same type of straight down nose dive soon enough.
Consider the fact that confidence is shot.How can anyone but a complete oaf have confidence in Congress? (Hence their stellar 10% approval rating, which makes Bush look fine!)
Does one really think the likes of Frank and Pelosi know what they are doing? Hardly...
Is there any reason to think that people will suddenly, even if they could qualify for a loan and most can't, go buy a house? Of course not. And the housing market has got to stabilize before the entire market can get its bearings.That is going to be a long time from now, maybe fourth quarter of next year, maybe longer.
Throw in a terrible Christmas season for retailers (I pause to note CC at 67 cents and falling LMAO) and I much like the quiet withdrawal of bank deposits from Wachovia, the discreet dumping of USDs by countries, and you have the makings of a protracted decline.
Wish it were otherwise, but, reality bites.
And their belated passage of any bill will not result in a real turnaround to this mess.
Hopefully the rails regroup and I can hit them real hard next month, that is assuming they take the same route to the bottom as the agriculture stocks and nat gas stocks took.
Sold my NSC puts today, very nice return.
Hopefully the rails regroup and I can hit them real hard next month, that is assuming they take the same route to the bottom as the agriculture stocks and nat gas stocks took.
Guys, I like to gamble and "try" to make a buck as much as anyone. Usually, I would buy this type of pessimism. But honestly, there is not one single ticker symbol that I would touch now for any long trade.....PERIOD!!!! The fundamentals are that bad.
In fact, the economic fundamentals are so horrific, that if----let's say the SPY was trading at 1.00-----I don't even think I'd "dip my toe in the water."
I just think we are totally and completely caput as an economy.
This is going to be GREAT DEPRESSION PART II. And that comes from someone who is in all cash (documented from this past January).
I guess when the most pessimistic bears can't get more pessimistic and negative, then "maybe" there are no more sellers?
God oh God is this economy screwed for years and years.
Looks like the conspiracy theorists are right.......NWO here we come.
Total massacre on the SP 500 today.
Guys, I like to gamble and "try" to make a buck as much as anyone. Usually, I would buy this type of pessimism. But honestly, there is not one single ticker symbol that I would touch now for any long trade.....PERIOD!!!! The fundamentals are that bad.
In fact, the economic fundamentals are so horrific, that if----let's say the SPY was trading at 1.00-----I don't even think I'd "dip my toe in the water."
I just think we are totally and completely caput as an economy.
This is going to be GREAT DEPRESSION PART II. And that comes from someone who is in all cash (documented from this past January).
I guess when the most pessimistic bears can't get more pessimistic and negative, then "maybe" there are no more sellers?
God oh God is this economy screwed for years and years.
However horrible the NFP is tomorrow..........wait until January/February of 2009.
Whoever wins and actually accepts the presidential nomination is inheriting basically a high school football team of freshmen and sophomores that will have to cut its teeth playing in the NFL.
I am not kidding with this analogy.
Oh by the way......
However horrible the NFP is tomorrow..........wait until January/February of 2009.
Whoever wins and actually accepts the presidential nomination is inheriting basically a high school football team of freshmen and sophomores that will have to cut its teeth playing in the NFL.
I read your posts a lot and your very vocal about the economy going into the shitter and it being in the shitter. why dont you short the market then ?? If i truly believed the economy is going down i would short the hell out of it.
I just dont see why you would always comment about it and not make plays on it. not trying to give you a hard time .
CC
I read your posts a lot and your very vocal about the economy going into the shitter and it being in the shitter. why dont you short the market then ?? If i truly believed the economy is going down i would short the hell out of it.
I just dont see why you would always comment about it and not make plays on it. not trying to give you a hard time .
I dont know of any stocks that arent getting smacked..insurers, consumer stocks..maybe not pharmas because they have been smacked for about two years before.
All refiners on the lows..like COP etc.
Some tech stocks are still expensive like AAPL, RIMM, AMZN, GOOG.
VH2,
I dont know of any stocks that arent getting smacked..insurers, consumer stocks..maybe not pharmas because they have been smacked for about two years before.
All refiners on the lows..like COP etc.
Some tech stocks are still expensive like AAPL, RIMM, AMZN, GOOG.
Talking to reporters about the bailout bill he said one of the "major" insurance companies is on the brink of bankruptcy and we have to act quickly to save it.
His office later said that the comments were merely about the general state of the financial sector and the Senator was not aware of any particular companies on the verge of bankruptcy.
Tomorrow could be fun in the insurance sector if this starts to get a lot of play.
And Harry helps shave 30% off of HIG, 15% of of MET and 10% off of PRU today.
I really need to start writing all of this stuff down and tape it to my laptop so I don't forget about it the next day.
Quote Originally Posted by jaxwhitey:
Harry Reid almost pulled a Chuck Schumer today.
Talking to reporters about the bailout bill he said one of the "major" insurance companies is on the brink of bankruptcy and we have to act quickly to save it.
His office later said that the comments were merely about the general state of the financial sector and the Senator was not aware of any particular companies on the verge of bankruptcy.
Tomorrow could be fun in the insurance sector if this starts to get a lot of play.
And Harry helps shave 30% off of HIG, 15% of of MET and 10% off of PRU today.
I really need to start writing all of this stuff down and tape it to my laptop so I don't forget about it the next day.
There are several "sell short" trades that I have posted.
And that is all I am doing------trading short term........long or short.
I am all cash, FTR, but am looking to add gold futures on this pullback and maybe one long term hold for a few years that pays a good qdiv (SYY).
If there is any hoopla going in to the EOY on averages, I may do a longer term short.
But what I see is a very slow grind down to the posted numbers for several years. I don't think we're just going to go boom to Dow 8000-----that would be too easy.
Yeah, I'm pretty bearish allright.
Win/Lose/Draw--
There are several "sell short" trades that I have posted.
And that is all I am doing------trading short term........long or short.
I am all cash, FTR, but am looking to add gold futures on this pullback and maybe one long term hold for a few years that pays a good qdiv (SYY).
If there is any hoopla going in to the EOY on averages, I may do a longer term short.
But what I see is a very slow grind down to the posted numbers for several years. I don't think we're just going to go boom to Dow 8000-----that would be too easy.
In fact, the economic fundamentals are so horrific, that if----let's say the SPY was trading at 1.00-----I don't even think I'd "dip my toe in the water."
That was supposed to read 100 with no decimal for SPY------I am not even that bearish to not go all in at 1 point 0. Hahahahahaha
Quote Originally Posted by claycourtlesson:
In fact, the economic fundamentals are so horrific, that if----let's say the SPY was trading at 1.00-----I don't even think I'd "dip my toe in the water."
That was supposed to read 100 with no decimal for SPY------I am not even that bearish to not go all in at 1 point 0. Hahahahahaha
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