12%ayear's Account Talk

[12%ayear]

Bernanke seems open to stimulus package http://news.yahoo.com/s/ap/20080117/ap_on_go_co/economy_stimulus

 

[Geaux4it]

Will Uncle Ben make an interim move today? Maybe an immediate -1/2%

Geaux

 

[DrFaustus]

What does this one mean?

IIRC

If I Recall Correctly

 

[Corepuncher]

Since we are on the subject, what is "PPT"? Powerpoint?

 

[Minnow]

Since we are on the subject, what is "PPT"? Powerpoint?

don't believe this is text slang... think it was used to refer to the Presidential Plunge Team (too long to explain -- think Wikipedia has a reference page for it).

 

[12%ayear]

This feels like one of those days. Deep red followed by huge rally after Ben is done speaking.

 

[12%ayear]

ben is done. see the post below with the link.

Yes, but he is still has the Q&A.

 

[fedgolfer]

Yes, but he is still has the Q&A.

ha ha, did you hear that? Ben just said "I wasn't CEO of Goldman, that's Paulson, I was CEO of the Princeton Economics department."

 

[12%ayear]

ha ha, did you hear that? Ben just said "I wasn't CEO of Goldman, that's Paulson, I was CEO of the Princeton Economics department."

lol

 

[TonyMan]

What are the odds he pops a suprise rate cut tomorrow morning for options expiration like he did last time? I'm thinking of a one day play here and sell the news. Any takers?

 

[12%ayear]

Feels like a bottom to me. 12300. Target for the year end 14500-15000

 

[caymanbrac12]

12 you got to tell us a 100 point turnaround for the afternoon - all serious and no BS. I've been making some money shorting but I swear to God it feels unAmerican - it almost feels like cheating.

Greg

 

[350zCommTech]

12 you got to tell us a 100 point turnaround for the afternoon - all serious and no BS. I've been making some money shorting but I swear to God it feels unAmerican - it almost feels like cheating.

Greg

Putting a "AAA" rating on every POS MBS,CDOs,etc... is cheating.

Leaking a fed cut to your IB buddies is cheating.

Don't ever feel guilty about making money in this fraudulent game...

 

[12%ayear]

12 you got to tell us a 100 point turnaround for the afternoon - all serious and no BS. I've been making some money shorting but I swear to God it feels unAmerican - it almost feels like cheating.

Greg

Be careful for a short squeeze.Remember 3 out of the 5 big banks already reported. The bad news is baked in and time to jump in. QQQQs are a great buy. IMO of course. Do not be surprised to see the DOW turn green. This market is very fragile.

 

[12%ayear]

Cut Already!!!! lol ..DOWN ALMOST 22% IN 4 MONTHS.

 

[Warrenlm]

12%, given what might happen next week, are you thinking of going to G today and buying back in later?

 

[ExtremeWX]

Wow,
When was the last time the DOW has had such a big swing up and down, then back up a little, then back down.... I'm getting dizzy.

 

[Geaux4it]

Frixin, fraction,, shorts....

Geaux

View attachment 3107

 

[12%ayear]

12%, given what might happen next week, are you thinking of going to G today and buying back in later?

No..I am staying in.IMO we have seen the bottom.

 

[ExtremeWX]

I hope your right... I'm ready to start making some $$$
BR

No..I am staying in.IMO we have seen the bottom.