This Market Sucks!!!

[1flyfisher]

you idiots

abk bailout

 

[dandxg]

For what it's worth I was listening to bloomberg tv and the flashed at that time AMBAC and MBIA will most likely get a bailout on Tuesday.

 

[Aaron Copland]

Quote from JORGE:

Whether you like CNBC or not, today is a good example of why you should have it on. 20 pt SPX move on Gasparino story.

Like the times story on McCain

 

[athlonmank8]

Quote from JORGE:

Whether you like CNBC or not, today is a good example of why you should have it on. 20 pt SPX move on Gasparino story.

Bingo lol

 

[traderpro]

Quote from JORGE:

Whether you like CNBC or not, today is a good example of why you should have it on. 20 pt SPX move on Gasparino story.

I don't have it on but my news picked it up. That move either gave you a great weekend or just ruined it. You don't need CNBC on just a good news service that tracks what is going on.

 

[JORGE]

Quote from traderpro:

I don't have it on but my news picked it up. That move either gave you a great weekend or just ruined it. You don't need CNBC on just a good news service that tracks what is going on.

It helped that they hyped the upcoming ABK bailout story for a good 1/2 hr before it happened.

 

[smilingsynic]

Quote from wiesman02:

Does that mean you didnt' have a stop and watched your short get squeezed to hell ? lol

I would agree with the poster that "this market sucks." And, no, my short(s) did not get "squeezed".

To be frank, I WAS short ES at 31.75 and moved my stop when the new low was puked back in the face of the committed shorts.
All afternoon waiting for the right moment, and all I got out of it was 1 1/4 points.

I went long a number that looking back was far too small. Can't win them all.

The reason why this market SUCKS is because they do not go down well, and they do not go up well. I don't blame anyone--that's just the way it is.

But it WILL say that those who do not think the tape is "painted" must be color blind.

 

[BSAM]

I also tend to agree with the OP. Today wasn't the greatest for riding out opportunities. Funny how all the ET geniuses want to jump and dump on a guy who asks a legitimate question about a strong market reversal. I assume nobody else got caught and lost a decent trade, huh? Naw, most everyone here on ET is aware of all probabilities in the market.

 

[u21c3f6]

Straight from Yahoo

Wall Street has pulled off a dramatic turnaround in the last hour of trading, closing higher amid word that a bailout plan for troubled bond insurer Ambac Financial could be announced next week.

Of course, they will use some form of this to explain why there is a future downturn in the market.

Joe.

 

[der_kommissar]

Quote from BSAM:

I also tend to agree with the OP. Today wasn't the greatest for riding out opportunities. Funny how all the ET geniuses want to jump and dump on a guy who asks a legitimate question about a strong market reversal. I assume nobody else got caught and lost a decent trade, huh? Naw, most everyone here on ET is aware of all probabilities in the market.

It's because most of them are perma-bull assholes. They want to believe in the mantra of "Don't fight the Fed". Therefore, most days the market is dropping they have their fingers crossed that some news will save their asses.

Especially, that POS Makloda.