Market bottom is in- End this doom and gloom

[Market_Wizard]

Whoever thinks that the market has put in a bottom doesn't know their arse from their elbow.

This market has a lot further to fall. Keep going long by all means though - it gives me an idiot to sell too!

Short S&P at 1303.50

 

[S2007S]

Quote from Market_Wizard:

Whoever thinks that the market has put in a bottom doesn't know their arse from their elbow.

This market has a lot further to fall. Keep going long by all means though - it gives me an idiot to sell too!

Short S&P at 1303.50

the bottom is not is correct...

dow 11500

 

[Landis82]

Quote from S2007S:

the bottom is not is correct...

dow 11500

And how does continually chanting this "fight" song of yours help you TRADE?

 

[mokwit]

What everyone is forgetting about 99/2000 is that the non internet companies, ie the rest of the list had already near bottomed when the Nasdaq was at a peak as they were heavily sold off as "smokestack" or "bricks and mortar" dinosaurs. Remember how the breadth was in a few names? This time thay are at highs and have a LOOOOONG way to fall.

 

[MAESTRO]

Observe what is happening, and assume it will continue . . .


It's pretty simple really.

I like this a lot! Inertia is the cause of Fat tails! I have been saying it for years. Right on!

 

[Landis82]

Quote from mokwit:

In cutting rates Bernanke may as well be on the African savannah keeping a pack of ravenous Hyenas away from a kill by spraying insect repellent.

We're in the kill zone Pal, so lock and load*

The FED has many "tools" at its disposal to support the Economy besides cutting rates and adding liquidity to the banking system.

Believe it or not, they also are able to use such "unconventional" means as ACTUALLY PURCHASING GOODS AND SERVICES IN THE ECONOMY.

This "mandate" was once accidentally published on the Dallas Federal Reserve Bank's website, and has been alluded to ( and confirmed ) by Ron Insana in talks he has had with Alan Greenspan.

Keep shorting.
And keep fighting the FED!

 

[S2007S]

Quote from Landis82:


Keep shorting.
And keep fighting the FED!

Your one of those dont fight the fed crowds, eh.....

I have heard that quote to many damn times, the dow is down over 2000 points since then....

 

[9999]

Quote from HedgefundTrader2:

I am sure you are snorting cocaine off of the backs of dozen blond es on your two acre paradise in the sea.......you sound so lovely..

...and you sound sooo desperate! How's your mortgage business going, anyway?

 

[Aaron Copland]

Its all about profits, show me the profits. Some parts of the markets are doing well, some are doing poorly.

When the financials recover the market can recover. Until then we just chop around on the latest news of the day, rushing up and rushing down with little follow through either way ENJOY!

 

[Landis82]

Quote from MAESTRO:

Observe what is happening, and assume it will continue . . .


It's pretty simple really.

I like this a lot! Inertia is the cause of Fat tails! I have been saying it for years. Right on! [/B]

This is a very simple "motto" of mine that I learned from my early days at Tudor Investment.
It makes a lot of sense!

Unfortunately, there are people on here ( most of whom that don't even trade on a daily basis ) and they cannot even begin to APPRECIATE these most signifcant words.