Search results

No I have a feeling that the UAW shorted the hell out of the stock market earlier today! :eek:

Ouch I wonder what the CDS fallout of this disaster is going to be. Maybe we finally get capitulation as all the cockroaches holding the CDS's will finally come into the light as they desperately SELL EVERYTHING trying to raise money to pay for these CDS'...........scary times!..... or we'll...

I guess I"m a small car person but 46K for a car seems like a lot of money considering its not a porche or something...

Hmmm I've always considered cars to be overpriced commodities but heck I'll throw a limit order out there for a brand new Lexus at around 15K, hell I'll even bring a suitcase and pay for it in cash!:D

I think there's a good trade opportunity setting up for next year around the jobs report. I'd wait until we hit around the 7.5 - 8% unemployment rate and then start buying "lottery ticket" FOTM call spreads a few days before the jobs reports because as soon as their is a slight shift (i.e. a...

I believe the market is expecting unemployment to reach around 9% next year which means that we're probably looking at around 3 - 4 million lost jobs next year which means losing 250K - 300K job losses every month for the NEXT 12 MONTHS. So I don't see anything new here. Obviously if we hat 3...

http://news.yahoo.com/s/ap/20081210/ap_on_go_co/congress_autos Hmmm wonder if we might get another no pass and another massive market dump like the last time congress pulled this BS in OCT....rather than the smaller "sell the news" dump we are going to get........ HOWEVER this is my...

Have you thought about playing the balance transfer game? Just keep transferring the balance to 0% credit cards till you pay it off. With a credit score around 680 you should easily be able to get a new card every year. I've been floating CC balances for 13 years paying less than 5% interest...

What about selling some call verticals on Citi at the $10 strike. If the government has warrants around 10 then would that create a hard resistance point since above that you might get share dilution? I dont' totally understand how the governments warrants will affect this stock so I was...

All I know is that Thank God they sentenced OJ today, they completely distracted wallstreet from paying attention to the 533K lost jobs this month. Instead we took a murdering psycho off the streets for years which is good for the stock market!! :p

I agree with you...its funny that some of the strongest proponents of individual rights and wanting government out of their lives also seem to be anti-drug legalization and assisted suicide. :confused:

True...but I guess my assumption is that the majority of people that have over the FDIC limit in cash would have spread the cash around to different banks....I can't think of a more boneheaded move than to have over the FDIC limit money in any single bank this late in the game after all the...

Uhmmmm so why exactly would I want to waste my time standing in line with the other morons when I can simply walk in and get my money back the day after the government takes it over? I think I can find much better things to do with my time....

Well thats fine if you're looking at GS or Shittypuke. But getting into XLF here is not the samething as buying GS. In order for XLF to lose significantly more, ie down to 0 or $1 you would have to believe that the government and Obama will allow the entire financial sector crash which seems...

Uhm because unfortunately I have garbage to choose from to invest my retirement money into in my 401K. I would be happier with it if 401K's allowed an option for self direct so that I can buy ETFs, this long only mutual fund garbage NEEDS TO GO!!

I TOTALLY agree with you! I absolutely HATE our fidelity 401K at my company. All the funds are horrible and I have noway to purchase any ETFs. Hell I only have a choice of 2 bond funds and they're both DOWN over 10%...useless. I loved my old JP Morgan 401K where I could do self-directed and...

I guess my question is, can a heavily traded and popular ETF like XLF simply close shop and liquidate at anytime like a hedge fund or mutual fund thats shutdown? My concern isn't really if XLF falls down to 4 or 5 bucks because I'll be writing calls against it to offset some loss, the only...

Damn you're right on, I hadn't even thought about the 2x funds.....I wonder what would happen if XLF drops 50% :eek: I'm going to do some searching to see if I can find some more cheap $10 index efts with options. Seems like a good risk/reward FINALLY!

But thats my point here. How far can it realistically fall from here? Even if XLF drops to $5 there's enough volatility to write call options against this ETF and recover your loss in 4 months or so and play with the houses money by holding the shares. I know it COULD go to 0 but XLF ain't...

I agree, I'm doing some research on the XLF holdings right now. I will look to go ahead and start selling this spread on friday when options expire. Reason I'm doing options rather than straight stock is if XLF stays above $10 in dec then I make a 10% return. If XLF does drop another 30% next...