Maybe the Fed will ban margin related liquidation to "stabilize the market"?
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Margin Call - huh
- Thread starter mysharona2
- Start date
You mean you wouldn't buy equities even if DJI dropped another 2,000 or 2,500 without a bailout? At that level most cash poor/credit desperate companies will either be gone or easily spotted because of their death groans. I know I would/will buy without a bailout, but not yet.
Unfortunately, I think the socialists will rule the day and pass a compromise comeback bill by Friday. Then the trip down to 900ish (S&P) will simply be slower with more drama. Likewise the trip back up will be slower and mostly sideways for years. Politicians, CEOs, and "community organizers" will also not learn important lessons about responsibility
Unfortunately, I think the socialists will rule the day and pass a compromise comeback bill by Friday. Then the trip down to 900ish (S&P) will simply be slower with more drama. Likewise the trip back up will be slower and mostly sideways for years. Politicians, CEOs, and "community organizers" will also not learn important lessons about responsibility
Quote from TopTrader8:
The markets will continue to dive until congress passes the bailout law.
Quote from TopTrader8:
The markets will continue to dive until congress passes the bailout law.
Then let it dive to zero, after which we get our bull market back. Fighting the cycle down is pretty stupid unless you expect the cycle to stop just for you, in which case you're stupid and should not be trading.
The correction due is to 7,000, 50% of the high. That is what we expect. If some of you are wetting your panties just because the cycle is in motion, and nobody can stop it without bankrupting the country, the rest of us are shaking our heads at you, wondering why you ever started trading cash before conquering your emotions.
Quote from mysharona2:
How the hell can my broker compute margin call when the market is not yet even closed?
He Left a message on my machine.
I don't want to answer the phone since i am maxed out already.
If i do not answer my broker, does he have the right to sell my positions?
Anyway, i'll decide tomorrow if i will call him. I'll ask for more time.
Anyone know if we go up tomorrow? If so, my account maybe safe again.
Yes , he can and he will. I believe he already has. Just the way it works m8. Sorry for your loss.
Quote from Ivanovich:
Here are the OP's "Greatest Hits" in the last month or so...
Up up and Away!!!
http://www.elitetrader.com/vb/showthread.php?s=&threadid=131187
up up and away (Part 2)
http://www.elitetrader.com/vb/showthread.php?s=&threadid=131198
Bullrun begins today
http://www.elitetrader.com/vb/showthread.php?s=&threadid=131912
Hip hip hooray! Up we go Longs!
http://www.elitetrader.com/vb/showthread.php?s=&threadid=132882
We will break out to the top tomorrow!
http://www.elitetrader.com/vb/showthread.php?s=&threadid=133354
Election Year = Stocks Go UP!
http://www.elitetrader.com/vb/showthread.php?s=&threadid=134743
Don't fight the trend (UP we go)
http://www.elitetrader.com/vb/showthread.php?s=&threadid=135004
An UP Friday means an UP Monday
http://www.elitetrader.com/vb/showthread.php?s=&threadid=135619
Capitulation day! All up from here
http://www.elitetrader.com/vb/showthread.php?s=&threadid=137317
And last, but definitely not least, my personal fav:
I'm rich!!!
http://www.elitetrader.com/vb/showthread.php?s=&threadid=137393
And we're supposed to feel for this guy?
OMG....
Yep... Yahoo forums written all over this.