Black Monday

[poohbear]

Quote from dhpar:

i have never seen any worse first post - please try to make you point shorter (unless you are eagle488 all over again)

He made some excellent points! How can you trade if you don't have the patience to read a long article? ( not too long for me )

 

[poohbear]

Quote from mktreflections:

Do you want to stay young? Bill to Ben



marketreflections.com

man, you are my hero

 

[dhpar]

i make a distinction between patience and time wasting...

 

[Trendytrader]

Thought I better dust off this discussion....the bear is awake....and we are not talking about Bear Stearns who appear to have been asleep at the wheel.

Looks like the "Sell in May and go away" is running late this year.

 

[pumpanddumper]

A Black Monday would be "healthy" for the market. Has China made any announcement yet with a rate hike? That would be the only current hope for a Black Monday. When are those Commi's gonna step it up and turn it up a notch?

Would be nice to wake up with the DOW futures off 100-200 points but highly unlikely.

 

[gnome]

Quote from Trendytrader:

"... Looks like the "Sell in May and go away" is running late this year.

Morphed into, "Sell in June before the swoon".

 

[dhpar]

or maybe "sell in June before it goes to the moon", i.e. sell dip

still I hope we have some small correction in order to be able to recharge for higher levels. without that we willl be stuck in this mud.

 

[capmac]

 

[Landis82]

Don't forget the part about it being a FULL MOON this weekend too!

 

[piezoe]

This "Correction" seems to have legs. I sense that panic may be only in its initial stages. Not sure whether merely stopping trading can stop a panic in the long run. When trading resumes, the fall can resume. And the knowledge that the market was limit down will be unwelcome news to those with clammy palms and sweaty brows. We are in for quite a time. But never discount the cleverness of Paulson and his GS buddies, to stop the slide, and in so doing profit handsomely, of course, why else do it! I mean if you had enough capital at your finger tips to suddenly take the market well over 1480, can you just imagine, with everyone except my Aunt Ethyl short, the stops that would be taken out?

Perhaps Stock_Trader will get a panic call from Paulson asking him to step up the dip buying.

I'm not sure i can stand to wait until Monday to see what happens. I may have to use the same technique that Cartman used to keep from going crazy with excitement while waiting for Nintendo to bring out the new WII. Just freeze me solid please, and thaw me out on Monday at 9:30.