Market Talk / Oct. 5 - 11

[Fivetears]

Bad day for all the Bullshi... (I mean) Bullriders on Wallstreet today.

Pricks have ruined it for everyone.

 

[James48843]

I just cruched the numbers on what that means to my TSP account.


I need two drinks.


No, I need more than that.

 

[FUTURESTRADER]

We are in big, big trouble.

Big big big trouble.

Folks- I went through 1987, and this is worse than then- 1987 was bad for a day or two and then rebounded.

This one is not rebounding. It's defying all logic, experience, history.


It's bad.

I need a drink.

right..-2 % on thurs, -5% on friday, -20% at open on monday...was options expy on that friday, no one could get out of their positions. No circuit breakers, circuit breakers were instituted as a result.

 

[Tempest]

You couldn't be more wrong.
And if you can't see it......

 

[Gumby]

I just cruched the numbers on what that means to my TSP account.


I need two drinks.


No, I need more than that.

James,
All I can say is you have company.
C fund will be about $10.44/ share. If we keep going down we will catch up with GM by this time next week.:worried:

 

[Fivetears]

Does he have an idea what it's like out there yet?

You couldn't be more wrong.
And if you can't see it......

 

[amoeba]

does anyone know what happened today?

seriously - what happened today? (all this selling at 3 pm on)

and why did credit tighten (the TED spread jump up again) ? something about GM's rating? did some credit default swaps become due? something else?

hmmmm - I've always questioned whether pissing away a trillion dollars on bad paper (or giving it to high risk, low-credit-score, loan defaulters, as both presidential candidates have implied they may do) is going to solve this mess. But with every weekly drop of 10% and daily bad news to boot, makes me increasingly convinced that this was not only the wrong approach, but a waste of money that has diverted attention away from alternatives (including, no more government intervention).

 

[Frixxxx]

NINE years in the making!!!!

seriously - what happened today? (all this selling at 3 pm on)

and why did credit tighten (the TED spread jump up again) ? something about GM's rating? did some credit default swaps become due? something else?

hmmmm - I've always questioned whether pissing away a trillion dollars on bad paper (or giving it to high risk, low-credit-score, loan defaulters, as both presidential candidates have implied they may do) is going to solve this mess. But with every weekly drop of 10% and daily bad news to boot, makes me increasingly convinced that this was not only the wrong approach, but a waste of money that has diverted attention away from alternatives (including, no more government intervention).

It all started on a cold September day, nine years ago, in a financial institution far,far, away......
http://query.nytimes.com/gst/fullpa...933a0575ac0a96f958260&sec=&spon=&pagewanted=1
:suspicious:

 

[clester]

Contempt?
View attachment 4850

 

[James48843]

S&P 500

​

 

[Show-me]

8666 ?

Down 6.66% ??

Yes, we are in deep, deep, deep trouble.

Better yet S&P intra-day high 1576.9 minus todays intra-day low of 909.19 equal 666.9 loss.

 

[McDuck]

Contempt?
View attachment 4850

Dismissal

 

[James48843]

Better yet S&P intra-day high 1576.9 minus todays intra-day low of 909.19 equal 666.9 loss.

We're at a 666.9 loss?

no wonder.

 

[Show-me]

Give a much more personal meaning to "mark of the beast". I can't wait to vomit.

 

[weatherweenie]

We're at a 666.9 loss?

no wonder.

880+ or over 9% loss on the Nikkei 225, for now.

 

[James48843]

S&P down 666.9??

We need one of these for the market..... and fast.

And I'm serious.
​

 

[FUTURESTRADER]

880+ or over 9% loss on the Nikkei 225, for now.

big boys selling all through the nite...S&P futures down 37, dow fut down 299, cnbc tv has been running the nightly futures for the past couple of weeks

 

[amoeba]

asian market go into the abyss - black friday cometh?

everything across the west pond opened down big and bigger. The two year swap spread has spiked back to over 150 basis points.

Tomorrow is not shaping up at all good, and with the upcoming holiday here, I'm guessing we're due to be off another 10% in the S&P.

I sure hope I'm wrong about this, if not, I suggest Congress take that $700 billion back they were going to give to 6 large banks and their defaulting loan customers, and issue food stamps for everyone.

 

[malyla]

big boys selling all through the nite...S&P futures down 37, dow fut down 299, cnbc tv has been running the nightly futures for the past couple of weeks

Time to buy (short term). Get 10% and wait for retest to rebuy.

G.L. everyone. NOW is the time.

 

[Fivetears]

Re: asian market go into the abyss - black friday cometh?

If we go depressionary... they'll need the 700 Billion for National Guard support.

I suggest Congress take that $700 billion back they were going to give to 6 large banks and their defaulting loan customers, and issue food stamps for everyone.