October Stock Talk II

wow what a day today was. I  figured i'd start a new thread to get a fresh start hopefully this thread will be a more pleasant one.

hard to figure out whats going on in this market today. after fridays loses and todays loses, both days having the vix over 50, almost touched 60 today   I'm guessing the rest of the week will be a lot better for us. i say guessing because right now thats all anyone can do, reality has left the arena.

Lets rally tomorrow 500 pts and oil keep going into the shitter please, thank you come again

Australia cuts rates by 100 bps and India cut as well.  It could be the start of the anticipated global rate cuts.

Can they convince Trechet to pull his head out of his ass long enough to do the same though?  Just yesterday he was saying that the bank situation is just overblown and banks are fine.

CC

 Don;t you think Trichet was essentially right in his initial reactions to the crisis? After all his reaction was what you say should have happened in the third paragraph of above.


  He has been criticised for not acting ala Brnanke ...not sure whether that is legit or accurate criticism or not.
 

UYG under $13 today, so very tempting.  If only I were a long term investor and not so damn consumed with short term gains/losses

Hat  I saw that last night and didnt get it. BAC was getting killed in after hours and I had no idea how the market would be up today.

Notice that the financials are down, but then they drag EVERYTHING else down with them..so the NAZ is down 3% with the financials, just another reason to resume the selling.

im new to this investment stuff....but want to learn more. any advice for a beginner  who wants to get started making money buying and selling stocks and other things? any advice would be welcomed. thanks guys.
good luck to you and your purchases...

One (of many) questions I have is why the Feds have not addressed the unregulated CDS market.D they simply have no ideas what to do regarding this absurd circumstance? A huge unregulated market?

 Secondly, can anyone give me a link that I can forward to a little old ladt who has lost her mind over Wachovia? She has 1/4 million in cash/CDs with them.I told her months ago to simply xfer the money into a safer bank, she wants a comprehensive table of ratings rather than looking up indivudual banks or credit unions. If ya got a place thanks, if not no big deal anyway.

 If I were getting a % I would care more but hell I told her months ago to bail out of those guys.

Yikes! Another day, another tanking on Wall Street.

Dow down 200 points right now, and I don't think we've seen bottom yet.  I could see the Dow down below 9500 easily

wow

I'm getting slaughter on uaua -50% 2 days in a row of -20%

This is just pure nasty selling..down 300 after that phony bounce puts us nearly back where we were (within 100 of the low)  

MS on the ropes?

Look at the market right now bluesplayer, I'm also interested in stocks, but not right now, this is not a market for a beginner to start off in, that's for sure.  Everything is getting slaughtered right now.

  Wall

  How long do you think this bear market will last? Given the years of manipulation, it could be a truly long lasting one.
 
 I am thinking many many years, maybe 10-15...

MAybe 20, now that I look at a few historical charts...

Vermeer

with all the steps the gov and fed are taking theirs no way this will last that long. 2-5 years max.

remember the main problem is the housing market. once credit becomes available people will start buying homes again at very low prices.

I think thats what the market thinks also. out of all this chaos last 2 days fre fnm have held up pretty well. so has aig for that matter. i guess when the us gov is the owner you dont want to bet against them or sell them.

I dont understand why the fed doesnt step in right now !! cut the rate immediately and stop the chaos.

man what this 3 days of the vix being at 50 now. anyone here wanna look that up to see if anything like this has ever happened before ??

3 days of chaos is insane someone step up and sing the market a lullaby and let the investor's know theirs no monster underneath the bed.

 Hope you are right.You have vastly more faith in the ability of our government than I do, that is for sure. Given the people I have been around who worked for them at all levels, top to bottom, I think they end up prolonging the problem, not solving it.

  But like I say I hop you are right.

The Fed is almost out of bullets, if they knee jerk a cut and it doesn't work what do they have left?

jax very true but even an emergency small cut today even 25 bp wouldnt hurt to try. i mean anything would help at his point. i dunno maybe a 25 bp wouldnt be good as it would look like more panic and then they would say that the cut isnt enough and then more panic.