ES Journal Archive (2006 - 2008)

[BoyBrutus]

TOP STORIES

US STOCKS PLUNGE IN LAST HOUR OF TRADE

Cumulative losses for October are mounting up to rank with some of the worst months in stock market history. U.S. stocks slide for the seventh straight session as Morgan Stanley led the financial sector lower despite reports the U.S. government may help recapitalize banks. DJIA down more than 600 points.

GM SHARES DROP ON CREDIT CONCERNS

Battered by deteriorating global sales environment and tight credit market conditions, GM remains focused on executing its $15 billion liquidity-boosting plan. Meanwhile, S&P puts GM and GMAC ratings on watch for downgrade. Shares drop 30%.

ECONOMISTS SAY US IN RECESSION, URGE US ACTION

Economists in a Wall Street Journal survey now expect gross domestic product to contract in the third and fourth quarters of this year, as well as the first quarter of 2009, the first time survey forecasts for those periods have turned negative.

 

[regal_2012]

how bout them thar T-day boys?0 for 2 this week, both sessions ending on the lows

I really wish they would shut this Market down for a few months.Its getting pathetic at this point.

hopefully they do it tomorrow after the close.

 

[ammo]

Quote from Lawrence Chan:

We have a panic low finally. The problem is that without value buyers stepping in - the risk of going yet lower is still very high.

I had high hope of a bounce to 40 to close out the day and that v0's projection would become very likely.

Now ... it is very hard to say.

p.s. The 100 pt swing mentioned yesterday happened too, so yes, all signs point to a bottom in the making.

we may have seen it today if paulsen hadn't come out and said he would start intervening in banks

 

[startraitor]

Only bank holiday is Columbus day and it does not close the markets.


CHICAGO, Oct. 8 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives exchange, will close only the Foreign Exchange and Interest Rate open outcry trading floors on Monday, October 13, in observance of Columbus Day. On Friday, October 10, the Foreign Exchange and Interest Rate trading floors will cease trading at noon.

Commodities, Equities, GSCI, Weather, Real Estate, Energy and Metals products will trade in open outcry during regular trading hours.

Quote from regal_2012:

how bout them thar T-day boys?0 for 2 this week, both sessions ending on the lows

I really wish they would shut this Market down for a few months.Its getting pathetic at this point.

hopefully they do it tomorrow after the close.

 

[Zodiac4u]

Quote from pulsescan:

bunch of bad earnings to come. market will still go lower. No bottom in sight.

Where's that up tick rule? Oh ye-ah! Fed- Cox-(s*cker) doesn't want to put it in play. His wall street cronies wouldn't be able to fleece the general public as easy.

 

[pulsescan]

good point.

 

[Spectre2007]

Quote from Zodiac4u:

Where's that up tick rule? Oh ye-ah! Fed- Cox-(s*cker) doesn't want to put it in play. His wall street cronies wouldn't be able to fleece the general public as easy.

look at which funds have the biggest gains... mostly short directed funds in the prospectus.

yeah its kinda ironic that they took away that rule,..

I mailed PTJ a few months back the xlf chart analog. Indicated that the broader indexes would undergo similar cascade on the dailies.

 

[Specterx]

Damn... this market is nuts, since the 29th ES has gone parabolic down without really stopping.

Will it stop tomorrow? Another two weeks of this and the market will be at zero...

 

[regal_2012]

Quote from Specterx:



Will it stop tomorrow? Another two weeks of this and the market will be at zero...

well, it wont get to zero.My people say they shut this Market down after the close tomorrow for 3 months.

a 'cooling off period' if you will

make sure you are flat at the Close tomorrow,unless you dont need that money for a few months.

 

[pulsescan]

Quote from regal_2012:

well, it wont get to zero.My people say they shut this Market down after the close tomorrow for 3 months.

a 'cooling off period' if you will

make sure you are flat at the Close tomorrow,unless you dont need that money for a few months.

close the market for 3 months? That has NEVER happened in U.S. history. No chance! The markets are to important for that. Now if the dow loses 30% in one day.....well thats a different story.