Crash 40% Down, In Two Weeks

[HolyGrail]

Personally, I don't know why you argue either. Human psychology does not change. Market reaction does not change. The only difference in the market of 1935 and the market of 2007 is the speed at which the market operates. Each sequence of bars on a chart tells a story. It tells the same story regardless of the time period.

End of story.

See ya.

 

[man]

Quote from Digs:

.....

1946...

1987

2007 (????)

See jpeg

two observations equals zero observations.

 

[Chood]

Quote from Chood:

Let me guess, 'bout now, those Blackstone buyers are lovin that risk free money.

Memo to dentists: I don't need no stinkin' 6 bucks. I want all 25! Which is another way of saying bx will seen at 10 about the time the current credit and risk repricing finishes.

 

[EqtTrdr]

did we crash yet?

 

[Chood]

Quote from Chood:

Memo to dentists: I don't need no stinkin' 6 bucks. I want all 25! Which is another way of saying bx will seen at 10 about the time the current credit and risk repricing finishes.

Nine bucks bagged, sixteen bucks to go.

 

[Chood]

The rapidity of the bx sheep shearing is surprising even to me, and I expected it completely, beforehand and during its opening act, as in this post from last month:

Quote from Chood:

Giving credit where credit is due, here's Mr. Forbes' spot-on reporting of the sheep shearing -- yesterday's & today's opening act in particular:

There was a time when Stephen Schwarzman, chief executive of Blackstone Group, would globe-trot, lecturing people on the benefits of running a privately held firm. At one point, the financier dismissed the public markets as "overrated."

He may have had a point. After furious bidding to get hold of Blackstone's initial public offering last week, investors could have picked up the shares on Tuesday for less than the company sold them for.

 

[Chood]

Quote from Chood:

Memo to dentists: I don't need no stinkin' 6 bucks. I want all 25! Which is another way of saying bx will seen at 10 about the time the current credit and risk repricing finishes.

Ouch. Sure hope my endodontist is not in this group who've had hard-earned money destroyed by this pig. What a waste: first-day buyers have been sheared by a third. So, I've got one root canal scheduled already -- don't need him finding more just to repair the hole bx has sliced in his purse. Ouch and ouch again!

 

[Digs]

OOOOOO ITS STARTING....wear 10 pairs of undies !!!

 

[Chood]

Thanks where thanks are due -- to Digs.

The starting post of this thread, early last month, prompted me to reconsider my "patience" view of the absolutely assured, highly-profitable short set-ups that would emerge in time, only not very soon. That prompt proved profitable. No missing the bus for me.

 

[William Rennick]

The fact that it didn't close at the lows is a sign of more to come...The next two trading days could see the long awaited crash.

The Amazing One has spoken