Stock Market

[dalakhani]

Originally Posted by geeker2

I just bought:

Teldar Paper,Anacot Steel & Bluestar

Teldar Paper, Mr. Cromwell, Teldar Paper has 33 different vice presidents, each earning over 200 thousand dollars a year.

[geeker2]

Originally Posted by MaTH716

Blue horseshoe loves Anacot Steel!

I love that movie

[Cajungator26]

I bought Bank of America, Ford, GE and Target on Thursday ...

[dalakhani]

Originally Posted by Cajungator26

I bought Bank of America, Ford, GE and Target on Thursday ...

Congrats Cajun. You were right and I was wrong. I still think it might go lower, but if you sold now you would be making the bucks.

Cheers!

[Cajungator26]

Originally Posted by dalakhani

Congrats Cajun. You were right and I was wrong. I still think it might go lower, but if you sold now you would be making the bucks.

Cheers!

You could be right ... could definitely go lower. Who knows. My head is spinning from the past couple of months. I just want things to return to some sort of normalcy (if that exists.) LOL

[MaTH716]

Looking like another bloodbath. Hopefully we get some sort of rally today.

[dalakhani]

Originally Posted by MaTH716

Lookig like another bloodbath. Hopefully we get some sort of rally today.

I was just about to post something. Limit down on futures.

Okay, bright sides. Dollar strengthening and oil getting killed. Beyond that...

[dalakhani]

Nasdaq opens at about 7% down.

This is going to be ugly.

[dalakhani]

Now the market jumps almost 1000 pts...for no reason.

They will be talking about these last two months for centuries.

[SCUDSBROTHER]

Originally Posted by dalakhani

Now the market jumps almost 1000 pts...for no reason.

They will be talking about these last two months for centuries.

Nothing happens for no reason.

[dalakhani]

Originally Posted by SCUDSBROTHER

Nothing happens for no reason.

Yeah, of course not. Everyone knows the fed is going to loosen another 50 bps and after the last couple of days, obviously there were some shorts to cover...and then come the lemmings and voila...bear market rally.

Its recession time.
Its just hard to figure if the market has adequately
assessed the recession severity. I think we go down more.
These job loses and companies closing are not tangible enough
yet.

[SCUDSBROTHER]

Originally Posted by dalakhani

Yeah, of course not. Everyone knows the fed is going to loosen another 50 bps and after the last couple of days, obviously there were some shorts to cover...and then come the lemmings and voila...bear market rally.

That's quite a rally. Election is a week away.

[-BT-]

rate cut tom. let's see how much the kick the sh!t out of it this week

and for the record, i wouldn't put too much faith in todays rally. Anyone remember what happened 2 weeks ago? highest ever 1 day gain, gone in 2 days

invest wisely all

-bt-

[MaTH716]

The swings this market makes is really amazing. But there is so much money on the sideline and once the market gets going in a direction (usually down latley with today being an exception) it is like a freight train. There is no liquidity/resistence so stocks run. I think today is an exception and we will go lower again. Things are still very crappy in the country.

[dalakhani]

wow. Broke the 8000 barrier again. Down 313 to 7969. Another bounce back before the end of the day? I hope not. All of those gains from a few weeks ago are pretty much gone.

[MaTH716]

Originally Posted by dalakhani

wow. Broke the 8000 barrier again. Down 313 to 7969. Another bounce back before the end of the day? I hope not. All of those gains from a few weeks ago are pretty much gone.

What are you short the market, or long some puts?
Reguardless it's not looking good down here, for anything. Jay Leno made a joke about the Big 3 (auto makers) last night. He said that they are now: Tonka, Hot Wheels and Matchbox. Pretty funny, but very very sad if you think about how bad it is.

[Antitrust32]

Originally Posted by MaTH716

What are you short the market, or long some puts?
Reguardless it's not looking good down here, for anything. Jay Leno made a joke about the Big 3 (auto makers) last night. He said that they are now: Tonka, Hot Wheels and Matchbox. Pretty funny, but very very sad if you think about how bad it is.

i dont understand why the govnt should bail out automakers.

Why dont they bail out all the 1000's of companies that are tanking right now?

I really dont understand enough about all this to be honest. but if you're going to bail out some.. shouldnt you bail out everyone? or dont bail out anyone!

[dalakhani]

Originally Posted by MaTH716

What are you short the market, or long some puts?
Reguardless it's not looking good down here, for anything. Jay Leno made a joke about the Big 3 (auto makers) last night. He said that they are now: Tonka, Hot Wheels and Matchbox. Pretty funny, but very very sad if you think about how bad it is.

No, its not that. I think the market needs a giant blowout in order to establish some sort of bottom. I see its coming back now but i think thats bad.

Perhaps it will sell off before the end of the day.

[dalakhani]

Originally Posted by Antitrust32

i dont understand why the govnt should bail out automakers.

Why dont they bail out all the 1000's of companies that are tanking right now?

I really dont understand enough about all this to be honest. but if you're going to bail out some.. shouldnt you bail out everyone? or dont bail out anyone!

Whether you understand it or not, you make a great point. Where does it end? Does the great Paulson have the divine wisdom to deem one company "too big to fail" over another? On a larger scale, one industry over another?

Where does it stop? Im not poking at Miraja or anyone else that Ive debated this with, but if this isnt socialism i dont know what is. It is socialism in its purest form. And Im not arguing against what the government is doing, I just think a spade should be called a spade.

It looks like the 700 billion dollar "tarp" should be renamed the 700 billion dollar bait and switch.