350zCommtech's Account Talk

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Corepuncher said:
If I am not mistaken, those futures are adding Friday's losses as well. For example, I think the S&P is down about 5-6 pts in after hours, not 15. Maybe I just dont' know how to read the futures
:embarrest:
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felixthecat said:
Dow futures suggest -50, S&P -5, Nasdaq -7. Still, these numbers appear to suggest that the markets will probably gap down on Tuesday without government intervention (beyond the stimulus). Besides, historically, the markets are definitely on the negative side a couple of days after the upcoming holiday. :worried:

Going to bed. Snore...and no I didn't mean snort. :)
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S&P futures closed at 820. Which equates to 823 on the SPX. So, futures are down -3.
 
felixthecat said:
Someone pass the popcorn, this is getting quite interesting. If we break SP 815 and stay below that, momentum will push us right through into S&P 700's. Daming news next week could set the markets for many victims being caught trying to catch a falling knife. :sick:

Going to bed. Snore...and no I didn't mean snort. :)
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Corepuncher said:
This coming week or the next, we are 700s in the S&P.

Probability: 99%
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Gumby said:
I am with you on this one. 100% G in TSP and loaded with all bear funds and puts in my trading account. First time I have ever been 100% bear in my trading account.:nuts:
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Don't get too bearish guys.

There might be an opportunity next week for some quick gains. Next week is OPEX. I'll have to check but I think most of it expires Friday morning before the open. Last week, the markets fell nearly 5%. When this happens, it usually sets up a good OPEX. I'm thinking Thursday and maybe Friday.

With all the bearish bets out there, market manipulators and the PPT would love to put the screws to the bears. On Tuesday, Obama will sign the pork bill. No surprise, already priced in. Then on Wednesday, they are suppose to announce details of the foreclosure/loan modification....ect..etc...whatever....plan. I have a feeling it's going to be lacking in details. i.e. a plan to come up with a plan. Markets should be dissappointed.

That might setup a test of 740, with all the bears shorting the hole. Which would bring out the PPT to save the market on Thursday afternoon.:D



This goes without saying but I'll say it anyway: Whatever I post above or anywhere should be considered trading advice. I'm just an amature that still has a lot to learn. Do your own homework.
 
OK. Get bearish:

General Motors Corp. will offer the government the choice of giving it billions more in bailout money or seeing it file for bankruptcy when it presents a restructuring plan next week, according to a report published Saturday.

http://www.marketwatch.com/news/story/GM-say-more-aid-bankruptcy/story.aspx?guid={D2483F8A-638A-4A2B-9EC2-428EE920D5E5}&dist=hplatest

This is Pandora's Box. JC Penney, Kmart, Starbucks, Home Depot, etc, etc will be lining up soon for the same "deal".
 
Prozium said:
OK. Get bearish:

General Motors Corp. will offer the government the choice of giving it billions more in bailout money or seeing it file for bankruptcy when it presents a restructuring plan next week, according to a report published Saturday.

http://www.marketwatch.com/news/story/GM-say-more-aid-bankruptcy/story.aspx?guid={D2483F8A-638A-4A2B-9EC2-428EE920D5E5}&dist=hplatest

This is Pandora's Box. JC Penney, Kmart, Starbucks, Home Depot, etc, etc will be lining up soon for the same "deal".
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We all knew that this was coming, after that got their first bailout.

Please, please let them go BK. Those people will get laid off anyway. Nobody is buying. Existing inventory needs to be worked down first.
 
350zCommTech said:
We all knew that this was coming, after that got their first bailout.

Please, please let them go BK. Those people will get laid off anyway. Nobody is buying. Existing inventory needs to be worked down first.
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Just about every bond fund and money market owns GM bonds. GM going BK could potentially break the buck on money markets that may spark another run on the banks like we saw last September.
 
Prozium said:
Just about every bond fund and money market owns GM bonds. GM going BK could potentially break the buck on money markets that may spark another run on the banks like we saw last September.
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The .gov have already flushed 7-8B of taxpayer money down the GM drain, 2 months ago?. Let's just keep throwing money at them. Maybe something good will happen. You can call it doubling down or dollar cost averaging or whatever you like.:rolleyes:
 
350zCommTech said:
The .gov have already flushed 7-8B of taxpayer money down the GM drain, 2 months ago?. Let's just keep throwing money at them. Maybe something good will happen. You can call it doubling down or dollar cost averaging or whatever you like.:rolleyes:
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Bailed-out GM Will Invest $1 Billion in Brazil
[SIZE=-1]The New American -Feb 4, 2009

File for BK. Dump the retirees, fire the workers, break the union. Hire the workers back as contract workers at 1/3rd the pay without benefits and/or outsource their jobs to a country with even lower wage workers that will give you incentives to build factories there. Globalization 101.


[/SIZE]
 
Prozium said:
Bailed-out GM Will Invest $1 Billion in Brazil
[SIZE=-1]The New American -Feb 4, 2009

File for BK. Dump the retirees, fire the workers, break the union. Hire the workers back as contract workers at 1/3rd the pay without benefits and/or outsource their jobs to a country with even lower wage workers that will give you incentives to build factories there. Globalization 101.


[/SIZE]
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Yeah, I saw that last week. That's out tax money. Folks in Detroit should be rioting.




Testing again. .gif

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Prozium said:
Check this out 350.

Taxpayers could have to spend billions bailing out the banks again after massive and unexpected losses were disclosed by Britain’s new superbank.
http://business.timesonline.co.uk/t...ectors/banking_and_finance/article5728797.ece

Putting 2 and 2 together - now it is obvious why U.S. dumped the "bad bank" idea. Could you image the U.S. "bad bank" asking for a bail out a couple months after it was created. :rolleyes:
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Wow! The Brits should be rioting. Those unexpected losses are BS. These people knew how much was involve. The F#cking bankers are going put as much losses on the taxpayers as possible.

The same **** is happening here too. People are just too f@cking dumb.


testing again.

.png getting capped at 14.4K

View attachment 5754

.gif getting capped at 24K

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Last edited:
When I viewed the Times article via the link, the two most read stories were about
-the 50 greatest Liverpool players and
-the 13 year old father.

Supports the theory above on the citizenry's IQ and/or interests.:worried:
 
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