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Good point. When you go to the roof to jump or when you throw up blood , then it is massive bear market. YHOO dropped $2 so what?

$5? Make sure you ask your grand children to cover it. This sector is recovering. Not rosy outlook yet but this sector will be market performer or maybe a little outperformer.

It seems that you made $240.

Definitely not a time to short quality financial stocks for long term. daytrading is different.

GS, WB,..... amazing comeback. IYR is also up 5%.

Yes I think I know and that I call it the art of meaningful prediction. I don't predict yesterday. I don't predict next year. My time frame is a month and if I can not at least have an educated guess or prediction for the close of today, I should not trade.

WB also seems a buy. They came out with their numbers today.

I agree and if it was only 25 point, it would agitate the market more and we would have crashed deeper. 75 poin did the job.

Interesting thing is that BBY, CC, HD, LOW, IYR are all up. AAPL seems to close positive today.

Market has cooled down from its selling mood. It seems that we might see a rally on key stocks at the close. The reasons are: Most probably Asia and Europe will rally tonight and will give more leg to US to rally on Wednesday. Call it a sucker rally or wahtever but it will be a rally. Lots of...

Please please don't get offended. I don't mean anything. I just think you are the "inverted" version of stocktrader who was yelling buy buy buy two months ago. Both of you guys are wrong.If you are a long term investor, now is the time to selectively buy stocks or maybe sector ETFs.

I meant 2008. Not 2007. I agree that american don't have savings. Maybe 10% have and you get their money in the market.

If you buy a house in 2007 and pay over 30% down and get a fixed 15 or 20 or 30 year mortgage, you can deduct 100% of the interest from your income. This will push wealthy hesitant people to buy a house. Remember this plan is only if you put over 30% down and get fixed mortgage. 0 down and ARM...

It will hit 115 in a month. Good to sell Put 95 Feb and buy Call 105

IYR shows a good resistance. $1 up tomorrow.

Even AMZN is green. Such a courage.:D

Good points. But I believe we will have individual failures and not a nation failure.

Some will fail so there will be no soup for them !! How many people have failed citizenship test? They will study hard to get credit card or home mortgage. I can ask the same question: What if 99% of people fail driving test?

I agree. I used to get calls asking me " Do you want to reduce your interest rate?" and I would respond but my rate is fixed 0% for a year and then I will pay in full because I have the money in CD and then they would reply yes you can reduce your rate to 6.9%:confused: The reason was that...

Yes it would be relevant. This test would give the person a little bit of understanding of what might happen if something might go wrong. Be it interest rate change, a $5000 emergency surprise cost,...... Believe me some people believe that If the rate is 5% and they are paying $1000 per month...