You are full of rank idiocy.
Chain Reaction Sell Off Tomorrow?
- Thread starter CalScholar
- Start date
You are full of rank idiocy.
any bounce is prolonging the inevitable.
there is no way this market can rally significantly with this no visibility condition we are in .
banks are tightening ..this is key ..
no more free money .. what happens when these FB's need to re finance and cant get a loan ..?? and can't afford their current mortgage payments because their arm is resetting ... ???
this is going to be a vicious cycle that is going to take time to play out ...
it all boils down to the consumer as this is a consumer based economy ...
and the consumer is most likely tapped out... we all know the consumer hasn't been buying all these goods with their paychecks ..no way ...
i can't predict where the market will go ...but my guess is down.
there is no way this market can rally significantly with this no visibility condition we are in .
banks are tightening ..this is key ..
no more free money .. what happens when these FB's need to re finance and cant get a loan ..?? and can't afford their current mortgage payments because their arm is resetting ... ???
this is going to be a vicious cycle that is going to take time to play out ...
it all boils down to the consumer as this is a consumer based economy ...
and the consumer is most likely tapped out... we all know the consumer hasn't been buying all these goods with their paychecks ..no way ...
i can't predict where the market will go ...but my guess is down.
Markets climb a wall of worry.
What's wrong with you? I mean, you're either a troll, posting like this in the face of what has been happening and trying to get a response - any response - so you can continue to troll the forums some more...
...or you're a full-blown, first class idiot. Anyone with a sliver of a brain and some common sense would be rather cautious at this point.
we'll probably sell some more today, but I am on the lookout for a rally into options expiration. there are so many open put positions that are in fat profits and I think when people start covering those it will cause a rally. I am not saying such a rally will last, just saying there will be a rally into the Fibonacci levels and whether it goes further or not is another matter for later!
http://lauristonletter.blogspot.com/
http://lauristonletter.blogspot.com/
Quote from dtrader98:
I'll probably get some heckles here, but be careful about shorts. Friday is OE and QQQQ max pain still 43. I've seen them perfrom miracles two days into OE.
I heard some people say they've back tested max pain and it had no good results. While I haven't run long backtests on that, I have noticed that major indexes usually tend to approach that pt., although individual stocks diverge wildly.
Good pt. looking back over a year, it did indeed tend to drop 5% from D-3 to MP during that mid year leg down (may-jul) last year. Just neutralized that hypothesis.
Bombs away QID.
Bravo!
Quote from Wayne Gibbous:
