Black Monday

Quote from frank grimes:

JJC is completely irrelevant to todays mkt, he is bullish now and he was bullish in '00 who cares what he thinks? If anyone on the fox saturday shows is bullish, why should we care?
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At least everyone here (well most of us :) ) know better than to listen to Cramer. But we can laugh about it. :) Kind of like watching some crazy neighbor yell and scream in his front yard. Unfortunately, the uninitiated have some hard lessons to learn if they do take his advice. Sorry JC. :)
 
Quote from Dr. Zhivodka:

And Dinnerjacket speaks for the "whole Islamic world?"

Pluuuleez ....you people need to get a grip.
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I didn't say he spoke for the whole Islamic world or that I agree with anything he says, just pointing out what he is saying which does ratchet up the rhetoric. Haven't lost a grip on anything. :)
BTW I lived for 5 yrs at Lake Tahoe in the 70's :)
 
Wasn't quoting you.

It was him that cracked me up.

ThinkBlue :-)




Quote from BCE:

I didn't say he spoke for the whole Islamic world or that I agree with anything he says, just pointing out what he is saying which does ratchet up the rhetoric. Haven't lost a grip on anything. :)
BTW I lived for 5 yrs at Lake Tahoe in the 70's :)
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Quote from BCE:

At least everyone here (well most of us :) ) know better than to listen to Cramer. But we can laugh about it. :) Kind of like watching some crazy neighbor yell and scream in his front yard. Unfortunately, the uninitiated have some hard lessons to learn if they do take his advice. Sorry JC. :)
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Sometimes I'm impressed with what he says (thestreet.com has a morning notes video from him), but then that raucous mad money show is intolerable. I literally can not stand watching it -- all the screaming. he seems (and I know this has been said countless times before) coked out and not quite put together.

Sometimes its just time to sell. (and not to buy) People are moving moreso out of tech and small cap because there is little growth prospect in a slow economy, and these stocks don't act value-ful (ie paying substantial dividends that don't cut into the bottom line). But every time they go down lately, he says 'buying opportunity'.

The only way these stocks are a buying opportunity is if oil drops to $40 and the fed stops raising rates next meeting and promises they will have a 1 year moratorium on the issue.
 
Can you all feel the tension? Wanna buy some stocks? :p

Gonna be real wild the next several months at least. There will be tank jobs and sharp rallies along the way. If you are a trader, this is what you live for. Who said the summer doldrums were boring?:D
 
Quote from stock_trad3r:

We have probably hit a bottom. The last 52 week low for the nasdaq was 2025 which we came very close to hitting today.
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If it was mid October I would agree with you. Fun just starting.

John
 
Quote from stock_trad3r:

We have probably hit a bottom. The last 52 week low for the nasdaq was 2025 which we came very close to hitting today.
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No way. I'm buying Mar/Jun '07 puts on equities, calls on gold, and am going to get long crude futures once they pull badk slightly, or might not wait at all since israel seems in a rush to bring about WWIII. I wanted to do all of this in March but didn't have any F'ing money and didn't (regretfully) go to the bank to borrow. I'm already kicking myself for this and I'm sure that when I cash in on the coming disaster (unfortunately) I will realize that I probably left a few million on the table by not borrowing that money.

This is all going to end badly, very badly. The media is only now HINTING to the public what smart money has known since late last year. There will be no soft landing from the current global economic imbalances. There are too many reasons why this is so. One major reason that is overlooked by most is the Fed. Most are still "questioning" their rate policy and saying they may pause if the economy slows, etc. The Fed cannot stop raising rates until they are 100% sure inflation is dead. They HAVE to risk a recession because dollar inflation is completely unacceptable due to its function as the worlds reserve currency and the size of US debt. Bernanke and co. may pause (maybe?) but rates are going to 6% (at LEAST) no matter WHAT's going on in the markets (unless they crash first?) and the sht is going to hit the fan.

I'm going to get rich. Make sure you do as well.
 
If all of you would like to know what is TRULY currently unfolding in the global markets, geopolitics, and economics - and what's going to happen next - go look at www.rgemonitor.com.

Sign up for the two week free trial and then thank me afterwards. The Nobel prize-winning economist Roubini predicted current 2006 events last year and some of his predictions are in the process of manifesting. His conclusion - hard landing for the US economy. The rest of the world? Hard landing as well due to the inability of the global marketplace to decouple from the state of the US economy.

You guys should really be aware of the general state of economic fundamentals around the world. Since you're supposed to be traders and all...
 
Just remember, the good ole US of A Fed can print money faster than we can trade.

So, the worst that can happen is Bernake will have to show his stuff like what happened in 87 with the new chairman, Alan.

and we are not even close to looking like that mess..yet
 
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