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    #61
    Did you get out? Those expired yesterday!

    Whatcha guys think about next week? Up, down, sideways? Unless we go into full-on crash mode I'm staying in cash for now I think.

    Comment


      #62
      I think ur right. I'll wait and see too, cash is king now until this fear subsides some. The talking heads on tv keep yapping and none really knows what the market will do.. My dartboard seems to say we may get a spike then re-test s&p lows, gold will fall some, then retrace to new highs.. Seems the trading MO is to buy on rumors then sell on news. In the FX space, I am hearing, if u believe the so-called experts, that the Euro will rebound against the dollar. I may play some currency while waiting on market direction..GT

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        #63
        Any bounce up will just be a bear market fake. We took a bad president and traded him in for a worse president. The market is telling you this administration knows nothing about economic's.

        His so called stimulus plan is just a spending spree of pork that the dems have wanted to get for a long time. And now they call it stimulus and obama talks the economy down by blaming the last administration so he can spend our future away. Much like jimmy carter did. Then came reagan, and he took charge right from the start telling us how the economy was going to change and quickly. We need another leader not a whiner.

        I warned you this guy was a socialist. And he is going to destroy us. Why do we need to bailout less than 10% of mortgagees because they made a bad mistake. All it's doing is prolonging the inevitable.

        His stimulus plan will start 37 new government programs that will last longer than his so called stimulus money. More government waist.

        Let's reward the failures and see if they can pull us out of this mess. Obama couldn't run a lemonade stand.

        Obama said he was going to go over each line of the stimulus and cut out all the pork. How is giving money to phillipean veterans or a tri-rail from vegas to disneyland going to stimulate anything soon. Pay back for the people who put him in office.

        If your a long term investor stay away from stocks until atleast the house and senate is back into the republicans hands.

        Buy gold and pray obama wakes up.

        Comment


          #64
          Next stop for the Dow 6000. I agree, buy gold.

          Comment


            #65
            Originally posted by TheRainman View Post
            We took a bad president and traded him in for a worse president. The market is telling you this administration knows nothing about economic's.
            Yep, I'm starting to wonder about this administration also.

            In my perusal of various opinions around the 'net...this kind of caught my eye regarding the financial issues. A good read I think, I liked the solution to the banking issues and all the BS going around that:


            http://market-ticker.org/archives/81...n-On-Deck.html

            Comment


              #66
              Originally posted by IanTPoulter View Post
              Next stop for the Dow 6000. I agree, buy gold.
              Next stop Dow 4500 ???
              Tough Times Don't Last...Tough People Do!

              Comment


                #67
                Originally posted by TheRainman View Post
                Obama said he was going to go over each line of the stimulus and cut out all the pork. How is giving money to phillipean veterans or a tri-rail from vegas to disneyland going to stimulate anything soon. Pay back for the people who put him in office.
                Obama said there wasn´t any pork at all in that bill.

                Peoples 401k plans and pension funds are going to be wiped out.
                "So I have stayed as I am, without regret, seperated from the normal human condition." Guy Sajer

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                  #68
                  The Euro is going to tank. Eastern Europe is so FUBAR, it´s beyond hope. Austria´s banks alone are up to their gills in exposure...around 70% of GDP. Not to mention the situation in Ireland, Spain, Greece, Malta, ect.

                  http://www.rferl.org/content/Eastern...e/1495211.html
                  "So I have stayed as I am, without regret, seperated from the normal human condition." Guy Sajer

                  Comment


                    #69
                    Originally posted by Andy View Post
                    Yep, I'm starting to wonder about this administration also.

                    In my perusal of various opinions around the 'net...this kind of caught my eye regarding the financial issues. A good read I think, I liked the solution to the banking issues and all the BS going around that:


                    http://market-ticker.org/archives/81...n-On-Deck.html

                    Andy

                    Obama has no idea what he is doing. Have you notice the economist that were for him have started to stray away from him or not mention his name at all.

                    He came out out today and said he's going to cut the budget deficit in half by cutting spending on the iraq war and raising taxes. Nothing about cutting spending. But he's increasing spending at a higher rate than bush did. He's is turning this country into another cuba.

                    Buy gold! And aq gun to protect yourself. Because the mexican gangs are coming.

                    Comment


                      #70
                      Originally posted by Mike C View Post
                      Obama said there wasn´t any pork at all in that bill.

                      Peoples 401k plans and pension funds are going to be wiped out.
                      Mike

                      He also said' 'Yes, we can'. Now he's telling us were in for a lot of pain. He preaches one way to get elected and another to get his pork paid for.

                      Comment


                        #71
                        Originally posted by TheRainman View Post
                        Buy gold! And aq gun to protect yourself. Because the mexican gangs are coming.
                        Not so worried about the mexican gangs...more worried about the PPT stormtroopers fast-roping down from their black helicopters and bursting through this evil short-seller's door. Therefore, I now have a standard 'well-capitalized' trader's terminal....





                        It should buy me a bit of time so I can get to the .50BMG's covering each compass direction from my house


                        .N225 getting slammed now. Should be interesting how Europe reacts tonight. Getting pretty close to the panic lows, but not much panic evident IMO. Go short for the crack down, or wait to see if the toilet backs up or not, hmmmm. Kinda sucks that I'm at work all next week, so hard to daytrade, I guess I'll just find a spot to buy and be an 'investor', lol.

                        Good luck all! And post your trades, makes this thread interesting IMO

                        Comment


                          #72
                          Originally posted by Andy View Post
                          Not so worried about the mexican gangs...more worried about the PPT stormtroopers fast-roping down from their black helicopters and bursting through this evil short-seller's door. Therefore, I now have a standard 'well-capitalized' trader's terminal....





                          It should buy me a bit of time so I can get to the .50BMG's covering each compass direction from my house


                          .N225 getting slammed now. Should be interesting how Europe reacts tonight. Getting pretty close to the panic lows, but not much panic evident IMO. Go short for the crack down, or wait to see if the toilet backs up or not, hmmmm. Kinda sucks that I'm at work all next week, so hard to daytrade, I guess I'll just find a spot to buy and be an 'investor', lol.

                          Good luck all! And post your trades, makes this thread interesting IMO
                          Andy

                          Great post! But mexico is in turmoil right now and it's heading over into our borders. Anybody with money is going to be in danger.

                          Comment


                            #73
                            Originally posted by kkmay View Post
                            I got me some March 82 calls on the spy.
                            Hey, looks like you'll make out on that right now.

                            Although I'm still kinda scratching my head on this one...per an unnamed "source" the gubment is gonna convert their preferreds to common C? Although this is beyond dumb, does that address the probability that C is bankrupt anyway?

                            I'm not too sure I'll buy this one, although maybe I'll buy a bit of C or FAS anyway, dumber things have happened in this market, lol.

                            Comment


                              #74
                              Hmmm, gap filled pre-market, does C go up or down? I was thinking of getting some FAS, but I'm sitting this out it looks like
                              Last edited by Andy; 23 Feb 2009, 8:43 AM.

                              Comment


                                #75
                                Originally posted by Mike C View Post
                                The Euro is going to tank. Eastern Europe is so FUBAR, it´s beyond hope. Austria´s banks alone are up to their gills in exposure...around 70% of GDP. Not to mention the situation in Ireland, Spain, Greece, Malta, ect.

                                http://www.rferl.org/content/Eastern...e/1495211.html
                                Is not true what that articles is saing.
                                I'll talk only about the romania financial situation, related to that article.
                                1) Eastern Europe is not euro subprime zone. I can garantee you that as least in romania, the big majority of the credits are not made in EURO -> this will not effect the EURO. Here is allot place for growth Some will run, but some will stay and buy cheaper.
                                2) Please see the evolution of our currency comparing to the Poland, Bulgaria, Ungary etc.

                                We have no fault in this crisis, but we also pay. This are only media stuff and as we all know, not everything in media is true or made with good intentions.

                                I'll stop here, but the story is much longer.
                                Last edited by cypresss; 23 Feb 2009, 3:10 PM.
                                This signature left intentionally blank.

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