Get The Hell Out: Part II

[ByLoSellHi]

Pain across the tape. No where to run, no where to hide.

Financials getting absolutely pulverized. Apple taking it on the chin. Most tech stocks getting short roped.

McDonald's and a few oil guns are holding up the Dow, but the scene is bloody behind the tape.

 

[stock_trad3r]

Quote from S2007S:

AAPL off 8 bucks, told you it would drag the markets lower...

oh the agony..spooz down a whole 4 points

 

[nonlinear5]

Quote from ByLoSellHi:

Pain across the tape. No where to run, no where to hide. the scene is bloody behind the tape.

What pain? Here is the reality check:

Dow +0.58%
Nasdaq -0.61%
S&P 500 +0.08%

 

[shortie]

Quote from nonlinear5:

What pain? Here is the reality check:

Dow +0.58%
Nasdaq -0.61%
S&P 500 +0.08%

short DIA, long SPY now?

 

[makloda]

Quote from makloda:
However, IMO it is time now to look into moving these derivatives - CDS in particular - to regulated exchanges and out of the OTC market. I think Kenneth Griffin from Citadel has been vocal recently about that point (see http://www.nytimes.com/2008/05/13/business/13sorkin.html?ref=business ).

http://www.bloomberg.com/apps/news?pid=20601087&sid=atLO.8bAQIQA&refer=home

Fed, 17 Banks Agree on Changes in Credit-Default Swaps Market

June 9 (Bloomberg) -- Regulators and 17 banks that handle about 90 percent of the trading in credit-default swaps agreed to changes aimed at easing the risk of a collapse of the $62 trillion market, the Federal Reserve Bank of New York said.

 

[ByLoSellHi]

Quote from makloda:

http://www.bloomberg.com/apps/news?pid=20601087&sid=atLO.8bAQIQA&refer=home

Fed, 17 Banks Agree on Changes in Credit-Default Swaps Market

June 9 (Bloomberg) -- Regulators and 17 banks that handle about 90 percent of the trading in credit-default swaps agreed to changes aimed at easing the risk of a collapse of the $62 trillion market, the Federal Reserve Bank of New York said.

That's pretty insane. I have a hard time comprehending those numbers, nor the damage they'll do to G_d knows who if the value (who knows what they may be) behind them erodes further.

I am finally getting a glimpse of Buffet's 'weapons of financial mass destruction' reference when talking of CDOs.

 

[shortie]

"Bernanke says risk of 'substantial downturn' in economy has falllen Forbes"

this could only mean one thing: we are going DOWN!

maybe after the overextended VIX works itself out and puts people's fears at rest.

 

[ByLoSellHi]

Big, flashing red signals here, as 20, 50 and 200 DMAs are being violated.

BIG BALLS! YOU GOT 'EM? YOU'RE GOING TO NEED BIG, BIG BALLS!!!

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[NJ1000]

wtf is that!!! lol.. is that video real??

 

[NoDoji]

Quote from ByLoSellHi:

Big, flashing red signals here, as 20, 50 and 200 DMAs are being violated.

BIG BALLS! YOU GOT 'EM? YOU'RE GOING TO NEED BIG, BIG BALLS!!!

<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/SkIryQ6Paqg&hl=en"></param><embed src="http://www.youtube.com/v/SkIryQ6Paqg&hl=en" type="application/x-shockwave-flash" width="425" height="344"></embed></object>

ROTFLMAO! You're so loooong. It's gonna be a "short" summer.