1) we spiked because bernanke said he will do whatever it takes(assuming rate cut) if credit markets continue to deteriorate. which of course they will.
the market then gave everything back because bernanke actually sounded pretty damn gloomy about the economy.
2) we then spike almost 100...
as a trader,i agree with you. however,no matter how you slice it,if consumers are having trouble paying their phone and internet bill,thats a problem for the economy. as a trader i can care less but looking at the economy as a whole i see trouble.
why would you buy a stock like AMD when there are hundreds of better stories out there. you are falling into the trap that many novice investors fall into. buying a stock that is at all time lows and looking at where it was a year ago when that was then and this is now. a year ago amd was ok but...
they are shutting off phone service and internet service because no one is paying their bills,not because they are using cell phones more or switching to new technology. thats why the market sold off. if the public is having a hard time with phone bills,how are they going to hold up the economy...
Corey and Landis need to read a bit better. cell phones is old news. today,he mentioned the fact that they are shutting off customers phone and internet service because of non payments and the level at what this is happening has been increasing dramatically the past few months. that is not old...
this is real evidence that we are either in or about to head into recession. this is NOT a normal economic pull back after years of growth.this is much worse.
AT&T announced that they have experienced a dramatic increase in shut off's for both phone lines broadband units due to a slowing economy. as soon as AT7T announces this,the market tanked. obviously the effects of housing are spreading to the broader economy. that was the arguement set forth by...
you seem like you already bought both CC and AMD and are trying to convince yourself that you made a smart decision. the smartest decision for you to make would be to sell and limit your losses in those 2 pieces of garbage and move on.
what a head fake for hopeful longs. seriously.its because a fed guy just made some very negative comments about the economy,totally contradicting what another fed guy said this morning.
THE MARKET WAS UP ALMOST 80 AND PULLED BACK TO FLAT. it was then up about 10 points and all of the sudden dropped 50 points out of no where. this is a very dangerous environment for both longs and shorts. you just get these random swings that no one can predict and that invariably squeezes...
i have 125k bp with 5k. 25-1. i could get 50-1 or more but 125k is fine in this market.also i buy no more than 2k shares at a time. 2500 tops. i made about 750 today shorting MA.
this could get ugly here. solar was up as a result of higher oil and a weak dollar(chinese ADR). the momo names get hit the hardest and solar was a momo sector. same with agriculture although agriculture is'nt nearly as speculative as solar.