We even had our own brokerage firm/prop shop, the legendary Shill Securities.
How was ET back in 2008?
- Thread starter Saltynuts
- Start date
Thx HobbyTrading, this is supercool! This was before I even knew what stocks and brokers are, it is cool to hopp back in time and see how it was back then ! Loool, netscape navigator ? Nasdaq Level 2 Tutorial !!!
Netscape is one AWESOME browser!!
The world financial system very nearly collapsed on 9/18/08 (several days after Lehman filed for bankruptcy). That's how bad it was.
http://zerohedge.blogspot.com/2009/02/how-world-almost-came-to-end-at-2pm-on.html
http://zerohedge.blogspot.com/2009/02/how-world-almost-came-to-end-at-2pm-on.html
Interesting to see myself at the top of the page you pulled up.
That was back in my enveloping days with automation. Now my trading is completely different. Amazing how much it has changed and evolved since then.Did the work already, ongoing ................ but start with Jan 26, 2018 first for the easiest view of the ET crowd collective thought
Jan 24th 2018, 2 days before the top ........... general mood was LalaLand except for a poster named volente who kept calling and calling a top for months.
Mood clearly shown by the post below
"have you honestly gone SHORT @volente?"
I wish we would be on ET in 2008! I should publish one day our horror story with BNP Paribas and Credit Suisse in those days.. well, better later than never - thank you Baron and ET.
Ongoing research, so very incomplete, but thus far it appears that there was ONE fellow, a poster named TORO KMA who said this on Aug 17, 2007 - and dig this, he has zero likes 
"I disagree that Bernanke panicked. He was looking at the money and inter-bank markets, where there were true problems.
Having said that, I expect this bounce to fail and we'll re-test - and probably fail at - the lows"
"I disagree that Bernanke panicked. He was looking at the money and inter-bank markets, where there were true problems.
Having said that, I expect this bounce to fail and we'll re-test - and probably fail at - the lows"
Everyone is a friggin genius in hindsight but using my bread and butter technique of TODAY here's how one would have survived the crash .... weekly timeframe, 2 good exits, one massive in profits, the other before all the deadbeats started going bust and especially before Treasury Secretary Hank Paulson came out and said, "this is the best business environment I have ever seen" I've studied this cat in detail and all the other cats of 2008. Not a single one would I want to have a beer with. One retard after another, no exceptions.
I've studied this cat in detail and all the other cats of 2008. Not a single one would I want to have a beer with. One retard after another, no exceptions.Oct 2007 was the actual top of CRASH of 2008 that brought the word to its knees. And remember, the crash ended March 2009. FED chair Bernanke and Treasury Sec. Paulson
Here's some of the sh*t they were saying JUST before the CRASH - this so you get an idea about the general collective mood at ET = no different
June 20th, 2007 – Bernanke: The mortgage debacle “will not affect the economy overall.''
July 12th, 2007 – Paulson: "This is far and away the strongest global economy I've seen in my business lifetime."
August 1st, 2007 – Paulson: "I see the underlying economy as being very healthy,"
October 15th, 2007 – Bernanke: "It is not the responsibility of the Federal Reserve - nor would it be appropriate - to protect lenders and investors from the consequences of their financial decisions."
May 7, 2008 – Paulson: 'The worst is likely to be behind us . . . . ”
May 16th, 2008 – Paulson: "In my judgment, we are closer to the end of the market turmoil than the beginning."
July 16th, 2008 – Bernanke: On Freddie and Fannie: “They will make it through the storm”, "… in no danger of failing.","…adequately capitalized"
Only two months later both were nationalized.
February 14th, 2008 – Paulson: (the economy) "is fundamentally strong, diverse and resilient."
Here's some of the sh*t they were saying JUST before the CRASH - this so you get an idea about the general collective mood at ET = no different
June 20th, 2007 – Bernanke: The mortgage debacle “will not affect the economy overall.''
July 12th, 2007 – Paulson: "This is far and away the strongest global economy I've seen in my business lifetime."
August 1st, 2007 – Paulson: "I see the underlying economy as being very healthy,"
October 15th, 2007 – Bernanke: "It is not the responsibility of the Federal Reserve - nor would it be appropriate - to protect lenders and investors from the consequences of their financial decisions."
May 7, 2008 – Paulson: 'The worst is likely to be behind us . . . . ”
May 16th, 2008 – Paulson: "In my judgment, we are closer to the end of the market turmoil than the beginning."
July 16th, 2008 – Bernanke: On Freddie and Fannie: “They will make it through the storm”, "… in no danger of failing.","…adequately capitalized"
Only two months later both were nationalized.
February 14th, 2008 – Paulson: (the economy) "is fundamentally strong, diverse and resilient."