just cover, market is oversold, fed will come to the rescue

[S2007S]

Just added some DXD for a swingtrade back to 58+

 

[Longhorns]

Quote from Daal:

I told you so

From the timestamp on your bullish call, the S&P dropped 3.13% straight (at no point until this morning were you ever in the money).

Now you're up .8% on your "call" and patting yourself on the back!!!

LOL, only on ET.

 

[Daal]

it took a black swan to get the market down, if your idea of trading well is shorting oversold markets then hoping a 85 year old firm goes under then good luck to you, in the mean time the market could fly on your face. only on ET

 

[S2007S]

I think too many are anticipating a 1% cut....

boy will this market be surprised if its anything less.....

 

[frank grimes]

The most vicious rally's happen in a bear mkt. The shorts are the ones to ge the ball rolling, joe sixpack has the knack for buying the 2nd or 3rd day, right when its rolling back over. If one thinks this "little bank/credit problem" is over the 2 year should be getting hammered and muni's wouldn't be trading 300 bps over a totally overpriced 30. Enjoy the bounce, this is a traders mkt.

 

[Landis82]

Quote from S2007S:

I think too many are anticipating a 1% cut....

boy will this market be surprised if its anything less.....

If you are a TRADER and you react accordingly, who cares whether the FED cuts 25, 50, or 100 basis points?

LEH ran from 31.89 this morning to over $44.00 today. That's a 40% move in one day!

There are plenty of opportunities EVERY DAY in this market . . . why sit around like a "Deer Caught in Headlights" pondering things that you have no control over?

Such a methodology doesn't make any sense to me.

 

[Longhorns]

Quote from Daal:

it took a black swan to get the market down, if your idea of trading well is shorting oversold markets then hoping a 85 year old firm goes under then good luck to you, in the mean time the market could fly on your face. only on ET

1) Black swan...really? Please tell us what that "black swan" event was? BSC was hardly a black swan.

2) Your idea of a positive trade is to be wildly bullish, watch the market immediately fall 3.13%, then come back for a .8% gain....and then you start applauding.

ROTFLMAO......ONLY ON ET!!!!!!!!!!!!!!!!!!!!!!!!

 

[S2007S]

Longhorn what would you consider a black swan?

 

[Daal]

Quote from S2007S:

Longhorn what would you consider a black swan?

nothing. a 85 yo financial firm having a bid for 95% discount of the share price its just a 1SD even for his demented fed conspiracy world

 

[Longhorns]

Quote from S2007S:

Longhorn what would you consider a black swan?

Quote from Daal:

nothing. a 85 yo financial firm having a bid for 95% discount of the share price its just a 1SD even for his demented fed conspiracy world

"In Nassim Nicholas Taleb's definition, a black swan is a large-impact, hard-to-predict, and rare event beyond the realm of normal expectations."
http://en.wikipedia.org/wiki/Black_swan_theory


1) BSC lost 60% of it's market cap in the previous two weeks leading up to the close on friday.

2) BSC had MASSIVE out of the money put buying.

3) Rumors all over the street and news services that BSC had liquidity problems and would likely need a bailout.

By definition, how could anyone think the BSC news was a true "black swan"? (Disregard Daal...he also thinks that 4-1 risk/reward is good trading.)