Sonofabitch

Quote from Sponger:

Good post Bitstream

I remember the commentary in the financial industry that "M" measuring was antiquated, didn't mean anything anymore, yada yada yada. Seemed odd that they did it at the time - now we know it was more ominous!

New trading rule - whenever the government stops reporting statistics that have been used for decades, start worrying!:D
More...

have un seen the pathetic excuses made by the fed back in march last yr for not publishing m3 aggregate no more?

hilarious, if it wasnt actually so sad:

Federal Reserve Statistical Release, H.6, Money Stock Measures; title with eagle logo links to Statistical Release home page Skip to Content
Release Date: March 16, 2006
Release dates | Historical data | About
Current release Other formats: Screen reader | ASCII | PDF (33 KB)


March 16, 2006
H.6 (508)


Discontinuance of M3

As announced on November 10, 2005, the Board of Governors will cease publication of the M3 monetary
aggregate on March 23, 2006. The Board will also cease publishing the following components:
large-denomination time deposits, repurchase agreements (RPs), and Eurodollars. The Board will
continue to publish institutional money market mutual funds as a memorandum item in this release.

Measures of large-denomination time deposits will continue to be published by the Board in the Flow
of Funds Accounts (Z.1 release) on a quarterly basis and in the H.8 release on a weekly basis (for
commercial banks).

M3 does not appear to convey any additional information about economic activity that is not already
embodied in M2 and has not played a role in the monetary policy process for many years.
Consequently, the Board judged that the costs of collecting the underlying data and publishing M3
outweigh the benefits.

On March 23, 2006, the Board will publish a final set of historical data on M3 and its components.
The Board will publish historical data on M1, M2, M3, and their components in the current format
for the last time today (www.federalreserve.gov/releases/h6/hist/). Beginning March 9, 2006, each
week the Board will publish historical data on M1, M2, and their components
(www.federalreserve.gov/releases/h6/hist/newformat.htm).

http://www.federalreserve.gov/releases/h6/20060316/
 
Quote from ByLoSellHi:

Wave of relentless selling.
More...

A storm is coming tomorrow. Be careful. The current market is so fragile like a glass. I do not know what's going on. :confused:
 
Quote from walter4:

Borat, is that you? How's going man!
More...
Greet you Walter trader.
Bad day have we today. Not can trade today. Feed data screwed up. Every since idiot Chi Com generals put practice missle up and and crash tele comm satlite we no get good signals trading. Now must use sat fone on ship and back pigee to HSA satlite data linker. Ha Ha.

Smart traders here,yes. We read learn $$no risk up bid$$ trader
like Makmortherloder and EqTdr dippee buy.

go now before HSA catch and send chopper to ship us catch.
 
The key is to have a play that can make money either way.

In my trading account, I ma always flat at the end of the day. I trade the trends throughout the day regardless of direction. I like to make money both ways.

I also have a 401K that does not allow any margin trades or shorts. I was at 80% cash before today but started to dip into the market near the close. I am prepared to continue to buy stocks on sale all the way down to 10,000 on the DOW. If it goes much lower than that, I'll just have to hold on until it turns.

I may also buy some Proshares short stock if it looks like the slide will continue.
 
Quote from tdubnik:

The key is to have a play that can make money either way.

In my trading account, I ma always flat at the end of the day. I trade the trends throughout the day regardless of direction. I like to make money both ways.

I also have a 401K that does not allow any margin trades or shorts. I was at 80% cash before today but started to dip into the market near the close. I am prepared to continue to buy stocks on sale all the way down to 10,000 on the DOW. If it goes much lower than that, I'll just have to hold on until it turns.

I may also buy some Proshares short stock if it looks like the slide will continue.
More...

Let us know when you buy the proshares short, would ya?

Thks!
 
Quote from cashmoney69:

Why is EVERY sector hit by this mortgage news?...can someone explain that to me...

:mad: :mad:
More...

Because a lot of the growth seen the last few years was a result of the easy money available to consumers, now that banks are tightening up credit, no more free money for the consumers. People will have to actually earn a dollar instead of tapping their HLOC's.
 
When I first started trading 7 years ago many family members and friends told me that I couldn't time the market, use charts, etc to make money. What they were really telling me was that they couldn't make money doing this. You my friend also can't make money by trading so you tell the rest of us that it can't be done.

My house, car, retirement fund, and net worth has almost all been derived from short term trading techniques. You better put a helmet on becaue the market is going to teach you a valuable lesson about price movement.

Also most of your comments echo sentiment about the markets recent rise and how its going to keep going and how bulls rule etc..... I remember the 2002 years trading with many guys at schonfeld in midtown manhattan who just couldnt adjust and accept that the markets could fall and fall hard on a daily basis. I saw many people blow themselves out. Moral is you better accept that this game is not about buying, holding and praying.
 
Quote from JORGE:

Because a lot of the growth seen the last few years was a result of the easy money available to consumers, now that banks are tightening up credit, no more free money for the consumers. People will have to actually earn a dollar instead of tapping their HLOC's.
More...

A false sense of wealth was created with the real estate boom. I saw it coming for years, but had no idea when it would collapse. There has to be some concern when you see the average joe pulling the equity out of their home to buy a $90K fishing boat.

My guess is that the effect is pervasive across all sectors because the potential for a reduction in consumer spending is there. No more large purchases, no more sky-rocketing home appreciation, no more joe-blows buying homes by the dozen and selling them 2 weeks later. If you ask me, we have ways to go. The US is HEAVILY dependent on credit. I can't count the number of people that I come across on a daily basis that lead a lifestyle beyond their current means.

Besides, whenever a big shake-up occurs, the effect is usually not isolated to the sector that caused it.
 
You must log in or register to reply here.
Back
Top