futures leaving bulls dismayed

Quote from NY_HOOD:

yeah, but only for bounces. this can last a few years. we can find a temporary bottom but i think we go much lower. iyou don't drop 2 thousand points on the dow in les than 3 months and then resume an uptrend when the recession is at a very early stage and has'nt even been declared yet. wait til the jobs report show more losses. thats just my opinion. i think this recessionwill be much worse than 2001 simply due to the fact that we are dealing with an asset bubble that has much more of an impact on the economy than an internet stock. you just don't hit a sell button on real estate.
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Credit bubbles never end prettty. This time should be no different. Personally would like to see a few rallies here and there.

Basically, we are just starting another credit bubble with these cuts again and the whole thing comes full circle again...

I don't know what the freegin solution is....
 
Come on people, obviously we had to retest the lows especially with that apple outlook. Now we have a nice double bottom to trade off of. I have a bearish outlook for the next year at least but we should bounce here in to the end of the month. The pre open bids are not nearly as harsh as they were yesterday, for example I saw bids yesterday of 38 and change on HPQ, this morning well above 41.

By the way if anyone still believes in the PPT why weren't the futures up overnight? If there was ever a time for them to act it was last night. Fact is they don't exist in the way many on ET presume.


Looking for 1370-80 in the next few weeks on the futures.
 
I really still dont believe this is the start of a multiyear bear. The last couple of years, the ascent of the market wasn't overly exagerrated. It wasn't like the ascent prior to the dotcom bust.

I honestly would like to see another run for the highs but this time, in a very short period of time finishing off with a blowoff top. Until I see that, I don't believe we'll see a prolonged selloff.
 
Quote from polpolik:

I really still dont believe this is the start of a multiyear bear. The last couple of years, the ascent of the market wasn't overly exagerrated. It wasn't like the ascent prior to the dotcom bust.

I honestly would like to see another run for the highs but this time, in a very short period of time finishing off with a blowoff top. Until I see that, I don't believe we'll see a prolonged selloff.
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It would take a sneak attack 375 bp cut to 0% to hit all time highs again(in a short period)lol

I just want a fresh new trading range.
 
Quote from pumpanddumper:

I'd be a rich mofo if I held my short position. I pussied out man. Should of been a greedy mofo!

Just waiting to pick my spots now sitting safe in mostly cash (worthless cash that is).
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LOL, funnies quote of the week! :D
 
Quote from NY_HOOD:

after rallying from the lows yesterday on a rate cut and all the wall street pumpers talking about a bottom,todays action in the futures must be disheartening to the bulls.just goes to show,the market does what it wants and i believe the market is telling us there is much more downside. any opinions?
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Yes well that's the down-trend in most, not all sectors;
so more downside likely, as you say.

Probably not worrysome to those who are working sectors uptrending, even if not many of those.LOL:cool:
 
Quote from pumpanddumper:

It would take a sneak attack 375 bp cut to 0% to hit all time highs again(in a short period)lol

I just want a fresh new trading range.
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You underestimate this bull too much. Look what happened to you last year. Tread with caution, pump. The market isn't this transparent, it's meant to screw the most people.
 
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