This is getting ugly

[dr. fill]

Quote from EMRGLOBAL:

the ass clowns in DC and the idiots who believe that the economy is ok..... biggest fools alive.

The consumer is the thin layer of ice. If that ice breaks , its all over.

Question is, how thin is the ice?

There is no ice. Early spring thaw. Zero consumer confidence.

 

[rcj]

Quote from Tums:

Market goes up

Market goes down


if market does not go down,
how can it go up



if you are on the right side, the market is beautiful

if you are on the wrong side, the market is ugly even when it is going up





everything is relative

Yup ... better listen to the TUM...

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1752948>

 

[EMRGLOBAL]

To answer my own question:


"The following statement was made in an Associated Press news release on January 16 th 2008: “Consumer prices rose by 4.1 percent for all of 2007, up sharply from a 2.5 percent increase in 2006, the Labor Department said Wednesday. Consumers felt the pain when they filled up their gas tanks or shopped for groceries. Prices for both energy and food shot up by the largest amount since 1990.”

 

[dsq]

Consumer prices rose by 4.1 percent for all of 2007, up sharply from a 2.5 percent increase in "

my rice,lettuce,gas have gone up 50% or better in the last year...

 

[makloda]

I love the bond prices. Can't wait for the 10y to yield 1.5%. Shouldn't take longer than a week at this rate.

 

[Landis82]

Quote from NY_HOOD:

wow. i am surprised the sell off is this bad . bernanke could'nt even say anything to help out.

Why would you think that Bernanke can clean-up this mess by fielding absurd questions from representatives on the House Budget Committee, most of whom have never even taken a basic Econ. 101A course . . .

In other words, ask dumb questions . . . get dumb answers.

 

[dr. fill]

Quote from Tums:

surprised = did not anticipate = looking the wrong way = ineffective analysis

Your "analysis" is effective? By all means.. tell us where we close tomorrow. How about a month from now?

 

[ElCubano]

Quote from lindq:

Best trading in years.

do we go all in?

 

[quantsteve]

Quote from Tums:

surprised = did not anticipate = looking the wrong way = ineffective analysis

Lets propose a toast with Cult Kool Aid from Jim Jones to Jack Hershey.

<img src="http://img176.imageshack.us/img176/4073/koolaidnf5.gif">

Quote from dr. fill:

Hey Tums, Your "analysis" is effective? By all means.. tell us where we close tomorrow. How about a month from now?

 

[TradEStar]

Took more profits today from my Rydex 200% Inverse SP500 fund from positions taken in late November. If the bulls don't get any traction in the shit they are standing in tomorrow, Friday could be more of the same. :eek: