Is this bottom ?

[bgp]

that's nice companies are sitting on lots of stimulis cash because with the depression that's coming they will be burning thru it . remember who's going to buy the products now ? maybe martians ?

bp

 

[Took2Summit]

Did you miss the part where I also said they have record breaking earnings? I should have known better then to post an intelligent comment on these forums.

My fault I will leave it to back to you guys now.

 

[pattern39]

Quote from gtor514:

I have to agree. The S&P downgrade is only a small part of this market. This fall was precipitated by the expectation in a global slowdown in growth. There is a strong possibility (better than 50/50) we are heading into a recession. A recession means most likely a bear market and this is not the bottom.

The difference between now and 2008 is there will not be a $900billion stimulus package because there is no political will for it. I have no doubt QE3 is coming and I will be listening too the Fed tomorrow but the best that will do is to stem the blood letting it will not cure the disease.

You got it!

 

[Random.Capital]

Quote from Took2Summit:

Hate to break it to you guys but in 2008 companies were strapped for cash and couldn't raise any capital.

They were strapped for cash because they couldn't raise capital.

That may well lie directly ahead of us.

Time will tell.

 

[Random.Capital]

Quote from Took2Summit:

Did you miss the part where I also said they have record breaking earnings?

It matters what underlies those earnings.

If it derives from stimulus, then it's not all that real and can vanish extremely quickly.

 

[Illum]

Quote from Took2Summit:

Did you miss the part where I also said they have record breaking earnings? I should have known better then to post an intelligent comment on these forums.

My fault I will leave it to back to you guys now.

I tried this morning and paid for it. Not too bad, but it didn't feel good.

Yes companies have cash and are making money. But.... this is not about earnings, this is financial. Liquidation. It is miss priced but if they have to liquidate they have to do it, and their pockets are deeper, and this market will continue to sell. So tread lightly, until they are done.

This is much better than 2008, so when the big money tries to get back, they are going to have to pay up, so it will be a great bounce. But when? Easy does it.

Quote from bgp:

that's nice companies are sitting on lots of stimulis cash because with the depression that's coming they will be burning thru it . remember who's going to buy the products now ? maybe martians ?

bp

Just because it won't be Americans doesn't mean they have to be martians. The US middle class guy is dead. No way he can afford or get credit for a Harley Davidson. Yet they blow out numbers.... wtf?
Some of these companies are making more than ever, and sorry to say they don't care if we are doing the buying or not.

 

[Elite Loser]

The economy is doing fine.
Teenagers rioting in some city in England are the cause of the selloff

 

[bond_trad3r]

Quote from ramaTrade:

1. Today is the bottom.
2. Bottom after two more days' dropping.
3. Bottom by end of September.
4. Won't happen this year.

since this post, futures have shit yet again.

 

[volente_00]

short term close


50 points downside 100-150 up in ES

 

[S2007S]

Quote from volente_00:

short term close


50 points downside 100-150 up in ES

Agree however the upside of 100-150 SPX points HAS GOT to be SOLD once there, this market is sell the rallies and buy the massive dips. I think about 90% of the money managers and analysts think the SPX is going to close the year at 1400+ HAHAHAH!