There is NO other Shoe to Drop!

[Champion]

Its all pretty much over. Bernanke and the Federal Government have made it clear they are not going to allow a credit & subprime collapse. Central bankers elsewhere are manging their own part of the credit crunch.

There is endless crap on ET about where the S&P/Dow are going? I don't trade trend; I trade volatility where the big money can be made. But yeah the Dow could go down to 10,000 or 11,000. They sky will not fall down. For fuck sake does it matter to traders if the Dow is at 15000 or 11000? Think about it.

 

[bigpig41]

It does champion if you are stuck in any long positions which EVERY trader including yourself occassionally is

 

[shortie]

why does not it matter for daytraders? no daytrader uses 100% of their buying power, many don't carry anything overnight. so why not use the extra buying power to take advantage of the coming uptrend?

 

[Champion]

Quote from bigpig41:

It does champion if you are stuck in any long positions which EVERY trader including yourself occassionally is

I wouldn't want you to get caught in any position. If you are long term then you are an investor not a trader. I certainly hope (and expect) that the uptick rule is not reinstated.

 

[PJT]

There are no other shoes to drop.

Until they drop.

The market has bottomed.

Until it has not.

Anything can happen.

And it will.

 

[GTS]

Quote from shortie:

Most importantly, there is no more major bad news expected.

Ha ha ha ha....good one.

 

[Landis82]

Quote from hoodooman:

got a reference for ajc losing her job.

She stays at Goldman.
But David Kostin becomes in charge of forecasting "short-term" market moves for Goldman.

 

[Champion]

Quote from PJT:

There are no other shoes to drop.

Until they drop.

The market has bottomed.

Until it has not.

Anything can happen.

And it will.

Oh yeah really helpful. You will jack yourself off; you won't jack yourself off. But if you do, your high speed splodge will crash through the ceiling, the roof and then go inter-stellar.

 

[Tommy Ryan]

I doubt S&P's outlook cuts on Lehman and Goldman will surprise many. All they are saying is that their various lines of business will, in all lilihood, be slowing down in reaction to the unwinding in the credit bubble.

I think Lehman's common is probably overpriced and may well be a good short for the meduim term because of the makeup of their balance sheet (their positions are hard to value) but the fact that the boom times have ended for these firms is of little surprise.

That said I'd hate to bet against Goldman. Their ability to capitalize on market fluctuations is truly impressive and their ability to trade in size yet manage risk is unparreled.

 

[PJT]

Quote from Champion:

Oh yeah really helpful. You will jack yourself off; you won't jack yourself. But if you do, your high speed splodge will crash through the ceiling, the roof and then go inter-stellar.

LOL