Panic buying

S

stock_trad3r

lol

panic covering into the close

a lot of noobs went short in the first hour of trading

we may close green.


I'll also add:

Retail sales decline excluding gas was much less than 2.7%. Gas doesn't count and holliday sales were only down 8/10 % YOY. Also, the estimates were of a 3% decline by some firms. This is all priced into stocks. Bad news isn't so bad when you put it in perspective.
 
Quote from stock_trad3r:

lol

panic covering into the close

a lot of noobs went short in the first hour of trading

we may close green.


I'll also add:

Retail sales decline excluding gas was much less than 2.7%. Gas doesn't count and holliday sales were only down 8/10 % YOY. Also, the estimates were of a 3% decline by some firms. This is all priced into stocks. Bad news isn't so bad when you put it in perspective.
More...

?????
 
We may close green? LOOOOOOL you have got to be the STUPIDEST person I have ever seen post. StockTrad3r, you are the biggest embarrassment on ET and that's saying A LOT!
 
Quote from stock_trad3r:

l

we may close green.
More...

LOL!!!

Your timing, man! You make me laugh every time you post!

You need to lose your bias. Try a short trade or two....you might just like it! :)
 
Yea..a misserable day.

The only silver lining to this is that the futures indicate a lower open partly due to issues regaridng Steve Job's Health. If the dow retest 8050 support @ the open and rebounds sharply that could be a bullish sign.

..............................
 
Stock, this is an honest question...Do you actually think your "alternative viewpoint" is taken seriously by anybody on this board? You have been DEAD wrong for over a year..How can you actually belive there is no credit crisis? 5 major financial institutions are gone, the auto industry is all but bankrupt, and BAC yields 12%! You think this is a "mild" recession, that is incredibly naive....You absolutely have no clue about the economy or how mkts and individual stocks function...Please answer these questions honestly, although I know you won't, bcuase you have no honest answer.
 
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