ES Journal Archive (2006 - 2008)

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Quote from ammo:

sorry, wasn't trying to rub,i just don't know how they will adjust your acct, you are long jpm
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no you weren't...no worries. It sucks, but that's part of trading. I had already done the math.

I was actually short on the news of the two hedge funds going worthless. In hindsight (obviously) I covered way too early. I made a total (before this debacle) of approx $4600.

Edit: Sorry for going OT
 
jagmot no big deal you'll bounce back. i lost 120k in an overnight in 1994. iw as down 250k in put options this summer before the august meltdown were it all came in. just part of trading
 
Quote from riskymove:

Hmm - I didn't say I KNEW anything. I said it was my two cents thus my opinion. However, the futures seem to be agreeing with me now wouldn't you say?
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We are down about 1% from cash close on Friday, is that the end of the world? Let's call a crash a crash. 3% down days are not crashes. 1987 was a crash. 1929 was a crash. This is not a crash until we see at least a 5+% down day , which we haven't seen all year believe it or not.
 
Quote from detective:

We are down about 1% from cash close on Friday, is that the end of the world? Let's call a crash a crash. 3% down days are not crashes. 1987 was a crash. 1929 was a crash. This is not a crash until we see at least a 5+% down day , which we haven't seen all year believe it or not.
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Where is it written in stone that it takes 5% to be considered a crash?
 
Only thing that will save US assets right now(dollar/stocks). ECB needs to cut....

Quote from ammo:

can they take your money and stick it in jp morgan and expose u to more risk?
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FWIW, from the AH high at 1336 friday morning before the opening we ARE down over 5%. May not seem like a crash, but if it's your money I bet it feels like it.
 
Quote from detective:

We are down about 1% from cash close on Friday, is that the end of the world? Let's call a crash a crash. 3% down days are not crashes. 1987 was a crash. 1929 was a crash. This is not a crash until we see at least a 5+% down day , which we haven't seen all year believe it or not.
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Yes - let just drip down .2% a day for a year. That way we will never have to say we crashed.

Do I want the markets to crash? Hell no. We all know that's terrible outcome. However it would be GREAT to get this crap we have heard about everyday for getting close to a year now out of the way and be able to get on with it. If BSC getting bought would put an end to the crisis that would be great. But the fact is that given the magnitude of the takeunder it is painfully obvious they have tons of poo on the balance sheet. Thus the corrollary is most LIKELY that others do as well, and I believe this will be the reaction of other investors, which is why I said it was possible to begin with.

But I never said we HAD crashed in my own defense. All I said is that it was possible, which inherently means if it does happen it would be in the future.

Yet, you are too busy flaming me to realize that.
 
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