Posted:
#26
As a side note, I like watching Michelle Caruso Carbrera walking around the NYSE bouncing those funbags up and down.
October Stock Talk #6
Posted:
#27
Cabrera doesnt do much for me..they have better looking chicks but I dont watch that channel anyway.
I dont see a circuit breaker today, they arent testing the lows or knifing down with heavy volume spikes.
To me and I could be wrong but this market is more the function of a lack of participants than anything else. They are taking the market down in minutes that usually takes weeks, in days that takes months to years.
Until there are participants these massive swings continue and the VIX means pretty much nothing.
I dont see a circuit breaker today, they arent testing the lows or knifing down with heavy volume spikes.
To me and I could be wrong but this market is more the function of a lack of participants than anything else. They are taking the market down in minutes that usually takes weeks, in days that takes months to years.
Until there are participants these massive swings continue and the VIX means pretty much nothing.
Posted:
#28
I saw the head of some insurance compnay offering up the specious idea that "the smartest people in the world are working on this and will solve the problem." I would take comfort in that idea but the supposedly smartest people in the world caused it.
And speaking of people once thought smart, I took great delight in Alan Greenspan actually deigning to admit he might be "partially" at fault for creating this shit.What an empty suit he is and was.he should have stuck to the saxophone.
Posted:
#31
Michelle Caruso has some big boobs, allright. Let's see if her huge boobs can save the day.
We could get an absolutely calamitous sell-off into today's close. The media are hyping the hell out of a "Black Monday" in 3 days, and no one is stepping in front of this downward spiraling freight train.
The only thing that could save today is short covering, and those people aren't coming off anything with the economic backdrop being as dismal as it was in 1930.
Posted:
#33
CC,
I dont consider that fascist, we have curbs in the market and program trading has limits on both sides.
Short sellers dont have an uptick rule anymore and unless you are a retail guppy there is little regulation.
I just want equal action on both sides, uptick rule and regulation of short selling.
At some point taking drastic action might be needed because the market is not RATIONAL right now and in an irrational market you might need irrational rules to stop people from taking advantage of currrent market conditions.
I dont consider that fascist, we have curbs in the market and program trading has limits on both sides.
Short sellers dont have an uptick rule anymore and unless you are a retail guppy there is little regulation.
I just want equal action on both sides, uptick rule and regulation of short selling.
At some point taking drastic action might be needed because the market is not RATIONAL right now and in an irrational market you might need irrational rules to stop people from taking advantage of currrent market conditions.
Posted:
#34
WSC-
That's what happens in "free markets".
Crashes and failures.
You got to accept it.
When has the gov't ever done anything to help? Never. The gov't caters and cowtows to their lobby groups and cronies. The US gov't doesn't give a gd about "Joe the plumber."
Paulson is a fascist who performs XXX rated amusements for his fellow conspirators.
Posted:
#35
CC,
When shorts and funds can break the rules it isnt "free markets" and when regulation doesnt exist and rules are changed, modified, dropped it makes for an inefficient and unfair market.
We both know the markets are unfair and when these tactics effect innocent people at times I think it is ok to modify them in the short term.
Hell, before the great depression the little guy was able to margin at MONSTER levels, that was modified, we modify things all the time and it shouldnt be viewed as fascist to modify things if the markets are acting irrational.
When shorts and funds can break the rules it isnt "free markets" and when regulation doesnt exist and rules are changed, modified, dropped it makes for an inefficient and unfair market.
We both know the markets are unfair and when these tactics effect innocent people at times I think it is ok to modify them in the short term.
Hell, before the great depression the little guy was able to margin at MONSTER levels, that was modified, we modify things all the time and it shouldnt be viewed as fascist to modify things if the markets are acting irrational.
Posted:
#36
WSC-
I know what you're saying, and I respect your knowedge of markets and economics, but what Paulson did last month (forbidding short selling to protect his cronies at Goldman Sachs) was wrong, and all it did was f--k things up even more so his farking cronies could lighten their holdings and subsequently shove it right up the a--s of "Joe the plumber" and his 401/IRA.
People have lied in stock markets since the beginning of time. So what if some dipshit on the floor starts a rumor about (ABC about to declare bankruptcy). If he's wrong, you take his ass out back and beat the crap out of him.
Now it is actually up for the day..I am so confused 
Posted:
#41
I got this and do not agree with the logic:
"We're not in the 1980s or 1990s anymore, when market declines were typically brief and bottoms sometimes formed within a few days. A more reasonable template for what's happening now is the 1970s or 1930s, when the bear lingered, stretching out the bottoming process."
Why should that be true? Everything, in every sphere of life, happens faster, not slower. What the hell???
Posted:
#42
Quote Originally Posted by Vermeer:
By the way, serious question here, does everyone think we are going into a serious deflation, or a hyperinflation?
By the way, serious question here, does everyone think we are going into a serious deflation, or a hyperinflation?
Damn good question.
In 2009, there'll be little change to any prices of anything that you see right now. No way businesses can charge higher prices on things and move product in this hideous economy where unemployment is about to skyrocket to deep space 9. Now, prices won't come down, either, cause businesses never really had time to pass the extra fuel costs on to the consumer back in spring when oil went through the roof-----but they've caught up now----just go to your local grocer-----ain't nothing's come down with oil tanking------fuuukkers. Gas/Diesel will go up seasonally next year, and then probably stabilize around 3.50 a gallon from April through end of year.
OK, now the bad news and reality of all these stupid bailout packages that got rammed down our throats so "Wall Street fat cats" could all be saved from missing their "yearly European vacation" and 10000 square foot addition on their gd mansions. In 2010, as the bill for the bailout packages falls due, you will see commodity hyperinflation that will make "Jimmy Rogers" walk around with a hard on 24 hours a day. The inflation of 2010 will make what we saw in 2008 look like a damn joke.
Vermeer, I predict that inflation will be so horrible, that you will see Dow 20,000 by end of 2014, and in terms of today's worthless dollar, 20,000 then will be like 8,000 today (which is where we are now).
We got 5-6 years basically of going nowhere with the hideous and horrible leadership from the US gov't.
Move to Brazil, man. And buy some gold bullion while you're at it.
The days of the USA as an economic power are caput------regardless of what that old man in Omaha is touting (for his own purpsoses, only).
CHEERS
Posted:
#44
I believe that the world functions much better when governments aren't in session.
Similarly, I believe the world functions better when media outlets aren't in session.
.................................................................
"And we can try to understand the New York Times' effect on man
The Bee Gees
Posted:
#45
The manager of the world's biggest bond fund said on Friday that forced liquidations, based on margin calls, are driving stocks lower, and not fear.
Bill Gross, chief investment officer of Pacific Investment Management Co. or Pimco, said on CNBC television that margin calls were driving the selling that has resulted in a long-term deleveraging of assets not seen since the 1930s.
The sell-off of positions in riskier assets will carry implications for corporate profits, Gross said, adding that he favored securities of companies that are receiving financial support from the U.S. government.
"You want to partner up with Uncle Sam," Gross said.
Posted:
#47
THAT was some nasty selling.
My Scottrade market mover was going so fast on the day lows I couldnt even see the ticker symbols.
Hedge funds are liquidating and selling everything, but especially commodity and higher beta stocks.
With the right horizon there is money to be made..catch the bargains that the fundies are selling.
My Scottrade market mover was going so fast on the day lows I couldnt even see the ticker symbols.
Hedge funds are liquidating and selling everything, but especially commodity and higher beta stocks.
With the right horizon there is money to be made..catch the bargains that the fundies are selling.
Posted:
#48
Until these talking head iceholes stop talking about "bargain hunting" and "capitulation day," we're just going to continue the slow grind down with a few bear market spikes thrown in to make it even harder to game.
Capitulation talk has to stop, and every time the TV was NOT on mute today, I heard some icehole yapping about "we need a capitulation day."
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