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I like the phrase "picking bottoms is a dirty business" better.

Cmon they said on the conference call that the book value is still 80/share. ha, good times. Bear has reverted to Bush logic if you say it, it must be true. Bye Bye Bear Stearns. Say Hello to EF Hutton, Salomon and Drexel for me.

Cocaine you expected Day to be happy today? The market got crushed the last two days, and we all know he drinks the kool-aid. I trade prop. i have 700k bp to use most days. the group leader i've known for a while backs me, so my account every two weeks is zero.

check out any spx chart from '00 to '02 plenty of spikes on the way down. Too much money on the sidelines can't resist trying to be the geniuses who pick the bottom (dirty business). every fed announcement or chart level or good feeling gives someone a reason to buy and plenty of shorts panic...

so true. every labor agreement seems to have short term solutions that lead to more long term problems. Not unlike our recent fed policies. I was born and raised in Detroit and despite their woes and my hatred for the big three's business handling, I remain a loyal American car buyer (At...

Don't forget the arrogance of the big three to cave into the unions for decades believing they would never be usurped in domestic auto sales and could piss away the money and it wouldn't matter beacause they would just print more.

The only thing looting wealth in this country is the constant printing of money by your boy Bush. You really must like that Kool-aid Day, is it laced with acid or something? Each "rally" in the market fails to go higher than the last. We are on a downward cycle for the foreseeable future...

I have to disagree Rick offers valid analysis with his reporting and will defend it with those who disagree. Pasani is a reporter and nothing else, Rick is more of an analyst. CNBc spent most of 2000 and 2001 cheerleading the market as it tanked and clearly haven't learned their lesson...

P.S. Mission Accomplished - May 1st 2003

Given the success of MA since its IPO, the hype is no real suprise. I was disturbed more that every perma-bull on tv used the hype of one IPO still signal the turn in the equity in the markets this morning and that the downtrend must be over. Blue Skies....Blue Skies....

You thought boiler room created those terms?

So what is the problem? To me this is the perfect setup. You see the gloom in the markets, you see the fear in the typical retail customer. So capitalize. Make money day or swinging shorts and look for opportunities for long term holds on the oversold, but good companies. Under Armour hit...

I'm sure SMB warned her about the failure rate. They come across as pretty straight up and have a good reputation (if such a thing exists in the prop world). WSW promotes the dream to the public they don't want to include negative stats in a 30 minute show. They edit the film to show it as...

Sucking on the Bush economic kool-aid still huh day? Time to just admit your a losing trader who can't just take what the market gives you. Stop telling people how their wrong and start admitting you are. Figuring out your shortcomings is the key to long term success. You probably...

You jump in the when the right set up for a specific strategy your using is there.

day is just a punk bitch who missed the boat. Now he is trying (futilely) to encourage us to buy so he can get short. You go day.

If your such a strategist, then why don't you just shut the f*ck up and trade, instead of incessantly whining about the state of the American mind by posting numerous threads on the same subject. Use the state of the American mind to your advantage and make some fricking money.

day7793 are you a guy who actually trades for a living? or just some guy with a 100 shares of SPY in his etrade account and constantly shuffles the percentages of his 401k mutual funds around and blames everyone else for his bad decision making? Seriously if you a relying solely on the fed...

Only horrible for those who fight the market.

I'm not hiding anything. Recession is upon us amd you talk just to talk. I make money in up and down markets, because I don't fight em. I grew up in Detroit and knowing how bad things have been there for the past two years with jobs and falling real estate I have been waiting for this. But...