October Stock Talk II

Question

wow what a day today was. I  figured i&#x27;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&#x27;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

WinLoseorDraw · Answer

wow what a day today was. I  figured i&#x27;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&#x27;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

accventures · Answer

great trading the S&amp;P the last month or more.......bought two calls with it down 60&#x2B; points today......nice.

jaxwhitey · Answer

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.

claycourtlesson · Answer

Man, Jax, I hope peeps reading use the next short covering bear market sucker&#x27;s rally to at least lighten up on their holdings.&#xD;&#xA; &#xD;&#xA;Trechet is an egomaniac who just likes attention.&#xD;&#xA; &#xD;&#xA;The problem was had when subprime broke 15 months ago in 2007.  There should have never been emergency rate cuts, opening the discount window, flooding the market with freshly printed money, etc.....&#xD;&#xA; &#xD;&#xA;Had the crap just been allowed to run its course, no way would the problem right now be as bad as it is.

Vermeer · Answer

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.

whereismyhat · Answer

Odds the Dow finishes down today were &#x2B;130

jaxwhitey · Answer

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

wallstreetcappers · Answer

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.

bluesplayer · Answer

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...

Vermeer · Answer

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.

whereismyhat · Answer

WS-&#xD;&#xA; &#xD;&#xA;I literally threw $5 on it, just for laughs.

icemantbi · Answer

Yikes! Another day, another tanking on Wall Street.Dow down 200 points right now, and I don&#x27;t think we&#x27;ve seen bottom yet.  I could see the Dow down below 9500 easily

WinLoseorDraw · Answer

wow I&#x27;m getting slaughter on uaua -50% 2 days in a row of -20%

wallstreetcappers · Answer

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

wallstreetcappers · Answer

MS on the ropes?

icemantbi · Answer

[Quote: Originally Posted by bluesplayer] 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...&#xD;&#xA;&#xD;&#xA;[/Quote]&#xD;&#xA;Look at the market right now bluesplayer, I&#x27;m also interested in stocks, but not right now, this is not a market for a beginner to start off in, that&#x27;s for sure.  Everything is getting slaughtered right now.

icemantbi · Answer

MS is getting clobbered, lost 35%

Vermeer · Answer

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...

Vermeer · Answer

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

WinLoseorDraw · Answer

Vermeerwith 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.

WinLoseorDraw · Answer

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.

WinLoseorDraw · Answer

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.

Vermeer · Answer

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.

jaxwhitey · Answer

The Fed is almost out of bullets, if they knee jerk a cut and it doesn&#x27;t work what do they have left?

WinLoseorDraw · Answer

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.

October Stock Talk II

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