Now We Really Bottomed !!!!!

Originally posted by bungrider
I would give my left nut to see what the market reaction would be if osama's crusty hide showed up dead in some cave. To see those shorts getting squeezed would be absolutely unreal.

Of course, he's probably either rat poop or fertilizer right now....but it would be a once in a lifetime thing to see a squeeze like that.

osama was such a clever guy....of course, most people who thought he was clever are fertilizing afghanistan these days...lol...
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Fuuuuny Bung!!!:D :D :D
 
Originally posted by chasinfla
are you kidding? cause I think you're on to something. Actually, one of the tennets of marxism is that the seeds of capitalism's destruction are within (owing to human nature).
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No, I'm not kidding. They hit the WTC because it was the largest mark of capitalism in the world. They would have hit the NYSE, but it was hard to get a plane down those narrow streets.

They are not marxists (here comes the soap box again). The goal is world domination within their own framework. Who and what is the biggest obstacle in the way ? The US and all it stands for.....freedom, capitalism and live and let live. Human life is cheap, has no meaning. The "goal" is all that counts. Same thing going on for over a thousand years. Not being a believer is being an infidel. All the peace crap that is talked about is like Japan on the day of Pearl Harbor. And so on and so forth. Yada yada yada...........

Now back to what this site is all about. Here we go again....looks like market gonna close on its lows....again.
 
Originally posted by goldenarm
This market will be a bottom when the following things happen:

1. Israel/Palestinian conflict subsides

2. Threats of terrorism on American soil subside

3. Renewed consumer faith in corporations

4. Return to profitability for corporations

This is quite a tall order!

Until the above conditions occur, there IS no bottom. Just slow, downward death...


____________________
"He who picks bottoms ends up with smelly fingers."

I think that you are right, you can't pick bottoms. But as a trader, you have to use your knowledge as to where a bottom could be. Myself, I am taking this level (of nasdaq) as a bottom, and will wait for a capitulation day to take out current "bottom" level. Then we can successfully look to the upside for swing trades. I am not going to buy and hold, that is ridiculous. but you can definately play the wild swings at these levels. Who is going to buy and hold a market bottom? Prop traders? Daytraders with 20k dollars in their account?

Ancient Chinese Trading Proverb
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Originally posted by chasinfla
The timing of all this is just too coincidental....reversal day...president makes his speech...Israel says they like it....the sun is out again......
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it had nothing to do with any of that - it was lundy's bottom-calling post friday afternoon that sparked the rally. :D
 
perspect . . Tue, Jun 25, 11:08PM ET
Pretty soon they're gonna have to check to see if Al Q'aida had infiltrated Arthur Andersen.
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I thought that was clever....
 
I know I've said this before, but what the hay.



It's easy to pick the bottom. Every major downturn has bottomed when the P/E ratios reach historic levels (i.e. below 20).

FYI: We're not there yet.
 
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