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I remember the post 9/11 trade, it was a weeklong affair and the bottom was on a Friday. The bottom in 2002 was brutal, there was one stretch where market went down everyday in big chunks with hardly a rally and it seemed like tech stocks would go to zero, then we bottomed, albeit to retest a...

Cutten, I agree that we are close to a bottom, time-wise, but not so sure price wise. Meaning that if we bottom this week, we may have to test 1100, the prices need to go lower. Right now, given the news out there, equity prices are still too high. I doubt we will bottom at the open...

There are no more hiding places. All the funds that were hiding in energy and tech have gotten crushed. These kind of down moves don't come from rational sellers, but those that have to sell like LTCM had to sell in 1998. This is going to clear the decks and make way for a strong reflex...

We've been consolidating for this selloff for the past 6 weeks. The bounce, if there is one, will be feeble. This down move is for real and will take the breath away from overanxious bottom pickers, who have sh*t all over their hands from one too many forays into the deep dark recesses. Its...

What horsesh*t. You let all that crap on the Trading forum to go on and you move this to chit chat. I guess we got moderators who are long into the NFPs today.

Fear is starting to waft in the air, the global economy is falling apart. It was all an illusion, continual economic growth, wealth for the Far East, wealth for the Middle East, and of course, wealth for the West. This can only happen in a world with unlimited natural resources and unlimited...

I called the top on that one in the mid 130s. Look back at my post history. I guess you got caught long today, better hope for a sucker's rally soon!

All the hopeful long stocks looking to sell to other suckers above 1300 are now the bagholders. Their last hope is a sell the rumor, buy the news reaction to the expected horrid jobs report. Any rallies from here on out are sucker's rallies. Sell all rips. And only buy dips on extreme...

Nat Gas vehicles are not the answer. What people forget is that natural gas is a limited resource, the current supply infrastructure is unable to support a signficant shift from gasoline to natural gas. It would also cause natural gas prices to skyrocket and negate most of the positive...

Really one of the worst brokers ever, keep you on hold for HOURS! And since they don't ever fix anything quickly, you are left in the dark because customer service just isn't there. How do they keep their customers? Are the customers masochists? Are they brainwashed and so dumb and lazy...

Market exerted a lot of effort this week to get to nowhere, basically flat for the week. It is perverse how the market moves in such ways to have a tendency to converge to unchanged as often as it does. Unchanged is like a magnet for the stock market. Anyway, in the short term, the bulls...

There are no good alternative currencies. The euro is massively overvalued, and the Europeans are lazy, the dollar is getting devalued, the Japanese have no growth, and their savings are locked up in rotting US debt. You can't trade the Chinese RMB. The world follows the US footsteps, it...

SEC is going after the short sellers of the financials, as if that was the reason that these stocks were down huge, not their massive writedowns and broken business models. Taking away the short sellers is not going to stop these banks from going bankrupt, the only thing that will stop that...

Oil goes up 100% year over year, and US fuel demand drops 2%. Wow, that is really some amazing demand destruction you have there. Oil is in a secular bull market, there will be sharp pullbacks. Shorting oil at these levels is idiotic.

I don't understand, why does owning oil suck if the price keeps going up? Is there a law that states that oil can't keep going higher? We have oil going down for the past several days and now all the oil bears are out of hibernation acting like it was just one big bubble that's burst. At...

Here is the playbook for the hedge funds: Push down crude oil futures in light volume post-pit close trading and dump the financials and other stocks into the induced strength off the crude weakness. It doesn't take much firepower to keep crude oil prices artificially low after 2:30 pm ET...

http://uk.reuters.com/article/oilRpt/idUKN2227689520080722 UPDATE 1-Failed oil hedges sink energy trader SemGroup LP Tue Jul 22, 2008 3:34pm BST By Robert Campbell NEW YORK, July 22 (Reuters) - Energy trader SemGroup LP filed for bankruptcy on Tuesday after a failed oil hedging...

http://www.bloomberg.com/apps/news?pid=20601070&sid=a5P_x5HfhQA0&refer=home Democrats Are Weighing More Tax Rebates, Pelosi Says (Update3) By Laura Litvan July 15 (Bloomberg) -- Congressional Democrats are considering a second round of rebates to taxpayers, saying the benefits of the...

If the Dow goes below 10000 and the S&P below 1100, and Nasdaq below 2000, does anyone think they are going to raise rates? This is not Volcker or Trichet we're talking about here. It's Bazooka Ben Bernanke. Rates should be at 4%+, let the banks fail that leveraged their eyeballs out to...

There will be no sustainable bottom until the realities of a recession are priced in for tech stocks and energy stocks. Right now, the banks are priced for doom and gloom, but the techs and energy names act like everything is fine. More drip drip water torture to come. Enjoy the headfake...