This Market Sucks!!!

[libertad]

Makloda wrote....

Just so you understand, the Fed is (from what we know at this point) going to take the rates to probably around 2.0% this year, thus hopes to save the banking system from looming armageddon and sees GDP growth for Q1 and Q2 of this year 'below trend', i.e. between 0% and 2%. I do not want to debate with you if you think that's achievable - we all know how what you think from your daily repetitive drivel - I am just pointing out this is the Fed's working scenario. Once this pans out - so they hope - they want to rapidly (unlike Greenspan in 2004 who left rates too low for way to long) hike rates again on the first evidence of stabilization of both employment and corporate profit growth.

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Excellent post......very much like Bill Seidman´s approach to the previous S and L crisis....

 

[HedgefundTrader2]

Quote from Landis82:

You are a freaking MORON.

The banking system is literally "broken" and all you do is jump up and down like a 2 year old whose Mommy just took your Hershey bar away . . . It's not about the stockmarket you FOOL.

I see lots of angry posts.

Most of the posters where short as if there is no tomorrow and the Titanic was about to sink. When the last 1/2 came and that nasty nasty buy program hit, they stampeded on each other and got killed.

There are lots of Jim Beams and Johnny Walker red labels opening right now sitting on the dirty linoleum floor..

 

[HedgefundTrader2]

Quote from S2007S:

We have seen these breaking news reports before....this was an opportunity to sell...

Market had little to do with Charlie Gaspirino's 15 minute of fame. It came in the last 1/2 hr of closing on a Friday when you were hoping your shorts will go into Monday and make you more. These pre determined buy programs hit your asses so suddenly and so bad that they will bleed for days to come. LOL!

Serves your greedy butt well doesn't it? You've taken enough blood.

 

[Cocaine]

Its very humorous how you attach your own ego to the markets direction. When its up, you feel all high and mighty, when its down you try and keep yourself together by convincing yourself its ok.
I dont know why you do it, but personally I am in this game to make big bucks everyday. Sometimes I go long and others I go short. Its all about the $$$, not about choosing sides.

Quote from day7793:

Market had little to do with Charlie Gaspirino's 15 minute of fame. It came in the last 1/2 hr of closing on a Friday when you were hoping your shorts will go into Monday and make you more. These pre determined buy programs hit your asses so suddenly and so bad that they will bleed for days to come. LOL!

Serves your greedy butt well doesn't it? You've taken enough blood.

 

[HedgefundTrader2]

Quote from S2007S:

They dont care how high oil or any other commodity is right now, they dont care about the falling dollar, all they care about is lowering rates and getting plenty of liquidity back into the markets. If it takes a 2% fed funds rate with PLENTY of inflation they will do it. They dont understand how out of control inflation is going to get over the next 12-18 months, all they care about is keeping the markets from going into a bear market, good luck because not only are we in a bear market but were also in a recession, they should keep rates where they are at or at least raise them to 4%, anything lower is going to create incredible inflation.

Have I seen a freaking depressed individual before? Not on this board not at all.

Here are some of the traits of these deranged negative animals:

1/ We are in a bear market
2/ We are in a recession
3/ We are done
4/ We will never see the end of real estate doldrums
5/ We prefer doom and gloom so we can blame others
6/ We are entitled to everything, which we donot deserve.

 

[RAF618]

Didn't read all the posts but, I was short some eminis @ 32.25 had my stop at 31...

Don't trade without a stop! Simple really..

 

[HedgefundTrader2]

Quote from Landis82:

But it's nice to know that if you have a positive attitude you can make money in this market, right?

You sure donot go the market with a depressed, sullen, negative , dour, screwed up attitude or do you? Than everything crumbles around you in a jiffy, subconciously by your own actions. You make mistakes and trading mistakes cost money.

The vast amount of negative sentiment is the reason SPX is moving sideways unable to make a higher high despite everything said and done. Now you are on your own. Throw your temper tanturms and weep rivers of blood, there ain't no tooth fairy standing by your trading desk. You are the sole prick with your dwindling wad of cash.

Go screw yourself. I am all cash and I care less where the this F****k thing goes.

 

[HedgefundTrader2]

Quote from RAF618:

Didn't read all the posts but, I was short some eminis @ 32.25 had my stop at 31...

Don't trade without a stop! Simple really..

Most other shorts became toilet paper when the crushing bulldozer came around 3.30 PM... serves right to those who drink blood for making a nickle. Go land in the psychiatric ward over the weekend.

 

[RAF618]

Quote from day7793:

Most other shorts became toilet paper when the crushing bulldozer came around 3.30 PM... serves right to those who drink blood for making a nickle. Go land in the psychiatric ward over the weekend.

GOtta love the es ...even with that brutal spike stopped at my price...

 

[piezoe]

Quote from retire45:

Someone PLEASE expain the markets from Noon to close.. New lows at 3:20 then bang!! WTF??

It's called short covering. The net direction was down, which is the current market direction. When i look at the ER2, and i imagine the other markets were similar, as they usually are, i see that there was not enough covering of short positions at intermediate points on the way down. Some major red bars were not covered at all, and when there was covering it barely got past the midpoint of the big red bars. Consequently you would expect that either the market would stay low or drift lower into the close or else there could be a massive short covering rally the last 2 or 3 bars. It was a reasonable risk to reward ratio to go long at the end with a tight stop. If you did, your position paid off very well.