quote:Originally posted by osubucks30: It was all just a bear market rally. This recession is going to be long and deep. If you are long you better buy and not pay attention for a couple of years. Decent trading environment but what if you would of bought Monday? Alot of risk in this market. Even tho people act like the bottom is in we can go alot lower.
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invester rants -I'll answer you, I'm old enough to have been a stock broker out of College, then an Investment Banker. I now trade Energy and Stock, along with options on stock for a living and make more in a day than you will EVER make in a year. I guarantee that I am the most educated and experienced trader on this site, let alone the whole industry.
Well, you can lose more in a year than I can I suppose, along with anyone else foolish enough to take your "advise" on options, energy and stocks.
By the way, you didn't by chance lock any suckers into fixed energy rates in the past year did ya?
You mentioned previously that I have a responsibility to people that read these boards...
Sounds to me like you have a fiduciary reponsibility to anyone that listens to your suggestions, that is, if ya is whats ya says you is.
Sumpum to ponder...
-------------------- Buy Low. Sell High. Posts: 9894 | From: The Land Of The Giants | Registered: Feb 2005
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My thoughts on Obama, and other ridiculous threads.
Like him or hate him he is our president for the next 4 years. I believe that Barrack has the ability and without question the brains to get us out of the egregious turmoil that this country is suffering from. I'm curious, was it the 8 years of prosperity or growth that you hated through the Clinton administration? He now has Paul Volker and some of the same administration from Clinton on his cabinet. I'm a pre-Bush Fiscal Republican, but I have seen the last 8 years go to absolute hell for America. Not to mention the potential for Sarah Plain "John McCain being 72 tears old" being our commander and chief. Terrifying!!!!!!!! Also, if I have to pay 5 percent more in capital gains tax to bring our troops home, so be it. I am a little tired of hering about how much more we are going to pay in taxes with Obama. I know that with McCain the Iraq war will go on “Indefinitely”. I for one will be OK sacrificing a few dollars out of my pocket for the lives that have been lost, and that will be lost in this god awful war. It seems so glib.
Posts: 3607 | From: houston | Registered: Mar 2006
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TAKE THERE OIL, THATS HOW YOU PAY THE TAB, NEXT I WANT SOMEONE WHO SAYS WERE AT WAR TO BE AT WAR, PULL THE TROOPS TURN THEM TO GLASS!!!!! BOOMMMM! WARS OVER, F-UM,JMO
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9268 | From: San Diego CA | Registered: Jul 2006
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"I must say" Was it not “a surfer” that grabbed this ridiculous materialabout Obama and brought it to this thread? I think it’s funny how the feeble minded human is so easily swayed by the human physique. I was taught at a very young age to never argue a point in life unless I knew it to be absolutely factually true. My father said that you never want to be proven wrong, so make sure YOU ARE RIGHT!!! I live by those words.
Posts: 3607 | From: houston | Registered: Mar 2006
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quote:Originally posted by invester: "I must say" Was it not “a surfer” that grabbed this ridiculous materialabout Obama and brought it to this thread? I think it’s funny how the feeble minded human is so easily swayed by the human physique. I was taught at a very young age to never argue a point in life unless I knew it to be absolutely factually true. My father said that you never want to be proven wrong, so make sure YOU ARE RIGHT!!! I live by those words.
Are you 18 yet?? You have got to be kidding me.....
I have written several times that I post some things just to get a reaction.
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I’m changing my outlook based on the Paulson plan being revoked. We may break the lows now. It depends on what the new plan entails.
Posts: 3607 | From: houston | Registered: Mar 2006
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quote:Originally posted by osubucks30: If the lows are broken I don't think you want to be in the market at all!
I'm out. I'm short VNO, and a few others. The game is changing everyday. I think LIBOR will start to creep back up without buying all of the bad assets. Who knows, there may be another plan on the horizon in which I may change my view. For now, this could get even worse.
Posts: 3607 | From: houston | Registered: Mar 2006
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Cisco last week, Intel and Best Buy today. Couple all of these bellwethers bad news with the TARP not buying bad assets and we have a systemic problem. The only thing that kept the market from freefall was the thought that the bad assets would be bought and lending would resume. Look out below. Hold me I'm scared. LoL
Posts: 3607 | From: houston | Registered: Mar 2006
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quote:Originally posted by osubucks30: Dow under 7000?
It's rapidly changing. First off, all confidence was lost today in our government. Not that we had any to begin with, but Paulson flip flopping on the TARP was a sure sign of bad times to come. "We need the 700 billion to buy the bad assets". Now that they moved that to credit cards and consumer loans, we still have the problem that has plagued this market to begin with, the CDO’s. Well, the real problem was the consumer taking out loans that they knew they couldn't afford ultimately resulting in default. That or they thought that housing prices would continue to escalate thus selling for a profit. Not sure what to think about this. I'm perplexed to say the least, and I feel that this is REALLY going to get bad now. Happy Thanksgiving everyone!!!! LoL
Posts: 3607 | From: houston | Registered: Mar 2006
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I can't believe it bounced. Bad news everywhere. I had to cover my shorts. Hedge fund redemptions will still occur through Jan.1st. though. TOUGH market.
Posts: 3607 | From: houston | Registered: Mar 2006
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It is a thin market. Can easily be driven up by one hedge fund. (Thats what Cramer is saying) He says this is nothing to get excited about.
Posts: 1428 | From: Ohio | Registered: Mar 2004
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We will see what happens the last half hour. It is impossible to make anything out of these moves with low volume.
Posts: 1428 | From: Ohio | Registered: Mar 2004
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Definetly a good traders market! All you will hear now is we tested the bottom again and we are off!! How many times are we going to bounce and come back. I think this will be the last bounce and we will trend back to below 8000. The test today was on light volume so it can't be trusted. At the current price of the market Dow 8750 I would be short before long. Currently I stay on the sidelines tho.
Posts: 1428 | From: Ohio | Registered: Mar 2004
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quote:Originally posted by osubucks30: Definetly a good traders market! All you will hear now is we tested the bottom again and we are off!! How many times are we going to bounce and come back. I think this will be the last bounce and we will trend back to below 8000. The test today was on light volume so it can't be trusted. At the current price of the market Dow 8750 I would be short before long. Currently I stay on the sidelines tho.
I use straddles "put and call" in this situation.
Posts: 3607 | From: houston | Registered: Mar 2006
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i kinda like this new ETF. its it been out for less than two weeks, but if you want to forget doing so much DD and play the sentiment? this is the best game i've seen so far:
be sure to look at the "related co's" section for the other symbols to the 3X fund.
-------------------- With lies, you may move ahead in the world, but you can never go back. Posts: 30263 | From: USA | Registered: Sep 2003
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BGU and BGZ are the large cap versions. I have a standing order to put most of my IRA into BGU at 28.50. that corresopnds approximately with a 7600 Dow, which I thought we'd get before the long term rebound. Got to the low $30s, and then bounced like 30% without me...
-------------------- With lies, you may move ahead in the world, but you can never go back. Posts: 30263 | From: USA | Registered: Sep 2003
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Well, I got within $2 today I think. I don't think we've seen the bottom either. My guess is that this is a temporary bounce, but I can't say I would have been upset to have moved my buy to $31 instead of 28.50 Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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the market is always ahead of news, and the worst news is just now coming in.
-------------------- With lies, you may move ahead in the world, but you can never go back. Posts: 30263 | From: USA | Registered: Sep 2003
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quote:Originally posted by PCola77: BGU and BGZ are the large cap versions. I have a standing order to put most of my IRA into BGU at 28.50. that corresopnds approximately with a 7600 Dow, which I thought we'd get before the long term rebound. Got to the low $30s, and then bounced like 30% without me...
Financial is still going lower and the real estate market is starting to pick up but that is mostly the abundance of forclosures that are a great deal being partially bought by previous stock market dollars. The economy will get worse if the bailout dollars are not enough or the big three collapse in the next 6 months to year.
I hope for the best.
When the market recovers money will flow back and it will be a great 6 year run and I will make money
Posts: 208 | Registered: Sep 2008
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People who bought the last hour yesterday are getting crushed!! Another false reversal! Will we give it all back and more??
Posts: 1428 | From: Ohio | Registered: Mar 2004
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quote:Originally posted by glassman: i kinda like this new ETF. its it been out for less than two weeks, but if you want to forget doing so much DD and play the sentiment? this is the best game i've seen so far:
quote:Originally posted by glassman: i kinda like this new ETF. its it been out for less than two weeks, but if you want to forget doing so much DD and play the sentiment? this is the best game i've seen so far:
be sure to look at the "related co's" section for the other symbols to the 3X fund.
I love any aymbol thats T & A, I mean TNA. LoL This one looks good Glass.
actually i am playing BGU just as pcola suggested, but i was checking TNA too when i linked it... i feel so lazy playing these that it must be wrong on some level
-------------------- With lies, you may move ahead in the world, but you can never go back. Posts: 30263 | From: USA | Registered: Sep 2003
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