Ooops!! FAILED!

KINGOFSHORTS · Oct 3, 2008

Wow that worked out well. Like I said in the past. Bankers will engorge themselves with taxpayer money and refuse to lend or buy commercial paper.

Wooops!!!

Shorted on the sucker spike

nutmeg · Oct 3, 2008

Congress f'd around with wall street. It's our way or the highway attitude. Do you think Congress gives a shit? I don't. It'll take months to build an oversight committee.

The childrens wooden arrow tax constituency got what they wanted.

kxvid · Oct 3, 2008

700 billion isn't even good for a one day rally. I honestly though it would be.

PocketChange · Oct 3, 2008

Next week will be the giant drop... starting sunday night.

ByLoSellHi · Oct 3, 2008

C'mon, guys - we can't leave Paulson's buds hangin'.

slapshot · Oct 3, 2008

Quote from PocketChange:

Next week will be the giant drop... starting sunday night.

This is a good call, seeing as how the SP500 closed on it's low today and just barely broke 1100.

ByLoSellHi · Oct 3, 2008

Oh, how that forced, redemption selling has just begun.

Scary thought. Babies being tossed with bath water and all of that...

KINGOFSHORTS · Oct 3, 2008

Margin call cascade

I saw some crazy volume and block trades going on, and sell imbalances as well.

axehawk · Oct 3, 2008

Can't believe we dropped 500 points the last 3 hours.

timbo · Oct 3, 2008

Things are bad when tax payers become lenders of last resort. Maybe the current account will show a net inflow and problems will go away. I dunno.