Tank into the Close?

DataCruncher · Mar 13, 2009

With Bernanke on 60 Minutes this weekend, do you think people will be too scared to hold long positions over the weekend?

stock_trad3r · Mar 13, 2009

nope

buy all you can 2 the close

this rally is unstoppable

dealmaker · Mar 13, 2009

Not only Bernake speak but, also possible decision on mark to market makes most to jittery to hold.

nazzdack · Mar 13, 2009

Quote from DataCruncher:
...Bernanke on 60 Minutes this weekend.......

You can trade the eMini and bonds before, during, and after the show. Andy Rooney's segment may "offset" anything that Bernanke says.

l2tradr · Mar 13, 2009

Quote from stock_trad3r:

nope

buy all you can 2 the close

this rally is unstoppable

You just lost all the money you had left (as per BUYING CALLS PART #2).

So STFU as you're clearly an idiot.

ByLoSellHi · Mar 13, 2009

stock_turder is as bullish as ever.

3:30 est has to be a beautiful short entry point.

DataCruncher · Mar 13, 2009

Quote from dealmaker:

Not only Bernake speak but, also possible decision on mark to market makes most to jittery to hold.

this article from yesterday says that:

"The head of the Financial Accounting Standards Board (FASB) -- which, along with the SEC, oversees corporate accounting -- told a House panel today that "in three weeks" his organization will issue new guidance on mark-to-market rules, allowing financial firms some flexibility in accounting for the toxic assets poisoning their balance sheets, the Associated Press is reporting."

http://voices.washingtonpost.com/ec...k-to-market_relaxation_with.html?hpid=topnews

so if they said 3 weeks, that would imply nothing is happening this weekend in regards to mark-to-market

the1 · Mar 13, 2009

So if this is a known event and new M2M rules pass the market will trade up into that news then sell-off and if it isn't passed then market really sells-off. See how easy trading is :eek:

Go short in three weeks. Until then stocktrader is probably right -- rally on market.

Quote from DataCruncher:

this article from yesterday says that:

"The head of the Financial Accounting Standards Board (FASB) -- which, along with the SEC, oversees corporate accounting -- told a House panel today that "in three weeks" his organization will issue new guidance on mark-to-market rules, allowing financial firms some flexibility in accounting for the toxic assets poisoning their balance sheets, the Associated Press is reporting."

http://voices.washingtonpost.com/ec...k-to-market_relaxation_with.html?hpid=topnews

so if they said 3 weeks, that would imply nothing is happening this weekend in regards to mark-to-market

Lucrum · Mar 13, 2009

Quote from DataCruncher:

Tank into the Close? With Bernanke on 60 Minutes this weekend, do you think people will be too scared to hold long positions over the weekend?

No