AAPL crashing.. this is really scary..

what are you so scared of?? the fact that the stock is moving and money making opps exist should make a trader happy, not scared.

Quote from Batman28:

have you noticed how AAPL has crashed? and keeps going down? this was ment to be one of the leaders of the packs.. what's exactly going on here? 1999?

seriously, it's very scary what's actually happend in the market over the past week..
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Quote from makloda:

Oh of course we rallied because of the cut. But S27027 was saying that without the cut we'd trading at Dow 12000 (or whatever). That's about as astute as me saying "WITHOUT SUBPRIME WE'D BE TRADING AT DOW 16,000 NOW". That's all hubris. The cut is what it is and subprime is what it is. Any analysis where we would/could/should be trading hypothetically is misleading and a waste of time IMHO.

Regarding a bounce... Examples for a good bounce foundation:

- Solid sell off in the morning, then a reversal at bottom with VIX making new 52w high and a strong close in all indexes and sectors on monster volume (huge hammer candle stick)

or

- 2-3 medium percentage up days with the VIX rising (bullish divergence)

On the other hand, a close below 1370 on the monthly (!) SP500 chart IMO buries this bull market for the medium term. Until then, this is a range bound side ways market with many ailing sectors as far as I am concerned.
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I agree, I am mostly cash except for some homebuilder straddles and I am completely out of VIX calls on friday morning. I am ready for a bounce. But i agree with you. Specific predictions are usually worthless especially when they predict past events as we are now in the future. IMO this bull market is over, but that does not mean we cannot test or make a lower high which is pretty far away down here.
 
I'm not sure why people are cash.

Such a beautiful strong ferocious trend.

The trend is down, and down hard, you should be shorting every freaking pop up until the trend reverses.

Simple as that.

Anek
 
Quote from FAST.AM:

And if the NYC area real estate market starts to melt down because of wall street cut backs.

The housing market in this area is still siting high didnt miss a beat. if it melts

you will see a HUGE amount of sub prime fallout
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"Sub Prime" in Manhattan....LOL.
 
Quote from makloda:

Oh of course we rallied because of the cut. But S27027 was saying that without the cut we'd trading at Dow 12000 (or whatever). That's about as astute as me saying "WITHOUT SUBPRIME WE'D BE TRADING AT DOW 16,000 NOW". That's all hubris. The cut is what it is and subprime is what it is. Any analysis where we would/could/should be trading hypothetically is misleading and a waste of time IMHO.

Regarding a bounce... Examples for a good bounce foundation:

- Solid sell off in the morning, then a reversal at bottom with VIX making new 52w high and a strong close in all indexes and sectors on monster volume (huge hammer candle stick)

or

- 2-3 medium percentage up days with the VIX rising (bullish divergence)

On the other hand, a close below 1370 on the monthly (!) SP500 chart IMO buries this bull market for the medium term. Until then, this is a range bound side ways market with many ailing sectors as far as I am concerned.
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Amen.
 
yes if you can believe people in Manhattan

bought million dollar homes they cant afford.. with all types of FUNNY MONEY loans that will RESET NEXTyear..
I hear over 1 trillion BUCKS. That should put a nice dent in these banks.
 
I lived in Manhattan for two years, I would not pay even 100K for one of those old piece of shit apartments anywhere in town.

Over-valued, rat infested, urine smelling, etc....

Don't get me wrong, I love to visit for long weekend get aways though.
 
Quote from PAPA ROACH:

I lived in Manhattan for two years, I would not pay even 100K for one of those old piece of shit apartments anywhere in town.

Over-valued, rat infested, urine smelling, etc....
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Which part of Manhattan are you talking about?
 
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