Line in the sand

[reno4nook]

wow

The Financial index down 13% now.

This is getting a little scary.


So either the bottoms in or we're
heading for a depression.

 

[stock_trad3r]

Quote from reno4nook:

wow

The Financial index down 13% now.

This is getting a little scary.


So either the bottoms in or we're
heading for a depression.

Yea but no 1 cares about financials. The economy is larger than citi or BAC. The growth is in tech, multinational, and commodity.

 

[reno4nook]

Small Businesses have to have reliable lines of credit to grow.

If there is a big change in the banking sector, and loans become very difficult to get, how can any company grow without borrowing?

 

[stock_trad3r]

Quote from reno4nook:

Small Businesses have to have reliable lines of credit to grow.

If there is a big change in the banking sector, and loans become very difficult to get, how can any company grow without borrowing?

Um ever hear of collateral? If small bussiness can't pay up, the owner is forced to liquidate his house, cars, other possesions to pay the banks and wages confiscated. It has always been that way. Also, large cap tech like Google and Apple don't need to borrow.

 

[YoungBlud]

stopped out twice yesterday for small losses. that will teach me to bottom fish.

shorted s&p at close.

http://www.alphatrends.blogspot.com/

 

[NoProblem]

Making another flag?

Gotta test that 813 area now - so far it's holding strong in over night trading.

Steve

 

[stock_trad3r]

Just buy all the dips and make $. Don;t overtrade it.