Poolman's Account Talk

[350zCommTech]

Your not kidding 350.

I'm really getting nervous about this market. I have 40% invested in TSP and that is even scaring me.

If we close below what is called support tomorrow at S&P 700 then there are no more support levels. What a Bitch.

I won't be adding to my position until we see some kind of leveling off in the market's. At this point I might decrease my position.

The market's are dropping much faster than 2008 so far and we are only in the beginning of March.

23 + or - % down in the S&P so far in 2009 is a fckin Sin....

Sorry for my Rant.

No problem poolman, it's your room.

Since we got into oversold, I have not been doing much as far as trading. It's too scary to hold shorts overnight and too scary to go long.

As for resistance, I don't see much at 700. I see real resistance at 650, then 600. That is a long way from here.

Btw, have you noticed that Geithner hasn't talked since last Tuesday?

 

[poolman]

No problem poolman, it's your room.

Since we got into oversold, I have not been doing much as far as trading. It's too scary to hold shorts overnight and too scary to go long.

As for resistance, I don't see much at 700. I see real resistance at 650, then 600. That is a long way from here.

Btw, have you noticed that Geithner hasn't talked since last Tuesday?

Geithner is being controlled by the Big Bad OBAMA (The Messiah and our God).

Big Eared Jerk and does not have a clue.

Geithner will say what O' BAMA will let him say.

Do you really think O' BAMA gives a Chit about the Market's. It is becoming Obvious.

Another Fcked Up Administration.

 

[350zCommTech]

Geithner is being controlled by the Big Bad OBAMA (The Messiah and our God).

Big Eared Jerk and does not have a clue.

Geithner will say what O' BAMA will let him say.

Do you really think O' BAMA gives a Chit about the Market's. It is becoming Obvious.

Another Fcked Up Administration.

F#$%up, clueless, and corrupt.

They trip over themselves in their haste to bailout the next bad bank, while the good banks are hurting and unemployment is approaching double digits. Real unemployment might already be in double digits. Half of the people around me have lost their jobs.

All the bailout so far have been for nothing because they were never really meant to help the economy. The AIG bailout smells of corruption and theft of tax payer money. I don't have the skills to prove this but I hope somebody does.

All the bailout money and stimulus money would have been better spent if they had bailout the taxpayers instead. Taxpayer would have been able to pay down their debt and bank's losses would have been reduced. This idea would certainly have a negative impact on the Dollar and interest rates, but hey, there's no free lunch. And this is not my idea. It's Mchugh's idea.

 

[wv-girl]

Geithner is being controlled by the Big Bad OBAMA (The Messiah and our God).

Big Eared Jerk and does not have a clue.

Geithner will say what O' BAMA will let him say.

Do you really think O' BAMA gives a Chit about the Market's. It is becoming Obvious.

Another Fcked Up Administration.

Boy that's an understatement. His agenda is clear.....give America away...if he says that he is doing what he was elected to do by the people one more time......I will throw my shoe at him.

I am hoping the markets get some kind of rally tomorrow. I thought about getting in today but the gap down in my acct from Feb still smarts, so I will be an observer for a while. Since I have moved my retirement date further into the future, I have a little time to try to make the loss up.

Saw that you guys got snowed in today. I got lucky and didn't get near the amt of snow that they rest of the area did. But I stayed out of the mess anyway.

GL -- I don't blame you for taking a break--have been taking a semi one myself--mainly because I am swamped at work.

 

[poolman]

Boy that's an understatement. His agenda is clear.....give America away...if he says that he is doing what he was elected to do by the people one more time......I will throw my shoe at him.

I am hoping the markets get some kind of rally tomorrow. I thought about getting in today but the gap down in my acct from Feb still smarts, so I will be an observer for a while. Since I have moved my retirement date further into the future, I have a little time to try to make the loss up.

Saw that you guys got snowed in today. I got lucky and didn't get near the amt of snow that they rest of the area did. But I stayed out of the mess anyway.

GL -- I don't blame you for taking a break--have been taking a semi one myself--mainly because I am swamped at work.

The Market's are in a LandSlide now. It is Hard to Tell when we will get a

Break. Financial's are breaking down more and more every day it seems.

We did get snowed in today. Wife could not get out of the Driveway. She

is clear to go tomorrow thanks to me Snowblowing the Driveway and the

parking area.

If I seem to dissapear on the MB it is because I have called it wrong and

I am Pssed. I Honestly cannot believe how fast we are going down and

have not had any PPT effect. That tell's me that O' BAMA does not give a

Chit.

I don't know what I will do tomorrow.

This is not a FREE Market anymore.

 

[FUTURESTRADER]

Hey P-man, my professional opinion: market is whacked...no technical support levels except maybe some fibonacci or elliot wave. I pulled a little more back today to 85G, 8C, 7C.

 

[Boghie]

Poolman... Don't Go...

We value your opinion.

Nobody is winning in this market. Personally, I am winning by not losing too fast. This stuff is insane. And, I don't think 'The One' has any idea why the eonomy and market continues to tank even after he was elected. Shouldn't things have turned around no later than his second major speach? Apparently, we investors need another speech, or two, or three... Icky

Anyway, have you got an account in the 'Automated Tracker' thingy. Your opinion has value and I would be interested to know your allocation and when you make changes.

 

[turbo23dog]

Poolman,

I'm also feeling the gravity of today's drop and what seems we are headed for over the near and intemediate term. I've made a consicious decision to not watch CNBC anymore and will cut back on time spent reading this MB.

Even with today's snow storm here in DC area, I'm focusing on the sure bet of warmer weather ahead and the coming kick off of the spring/summer car shows.

 

[wv-girl]

The Market's are in a LandSlide now. It is Hard to Tell when we will get a

Break. Financial's are breaking down more and more every day it seems.

We did get snowed in today. Wife could not get out of the Driveway. She

is clear to go tomorrow thanks to me Snowblowing the Driveway and the

parking area.

If I seem to dissapear on the MB it is because I have called it wrong and

I am Pssed. I Honestly cannot believe how fast we are going down and

have not had any PPT effect. That tell's me that O' BAMA does not give a

Chit.

I don't know what I will do tomorrow.

This is not a FREE Market anymore.

I remember tax-cheat--Timmy-- saying he did not concern himself with whether the market went up or down...that his actions were not influenced by it. Just another example of their agenda.
Don't be a pssed stranger because you made a wrong call. We have all done it and noone I know is perfect. I know everything is excelerating at a pace that is hard to believe, as a matter of fact Denninger is correct in saying it is insane....repeating the same mistakes over and over and expecting different results. The line in the sand has been drawn and there is no more standing in the middle. This admin is dangerous and we need to protect what is ours to the best of our ability. The sheep will opt for security and handouts over liberty and freedom.
We all hope for a turnaround but the admin promising all of this $ that we don't have for all of these bailouts has reached a delousional(sp) stage. His promises will be broken or delayed...which will make things worse. May God help us all.
(sorry, off my soap box now)
So take a break--get some rest--get pssed--and then kick some booty.

 

[Minnow]

Poolman,

You're still beating the bejesus out of most of our options... except for the G fund. Plus, you made 19% last year my friend... some of those wrong calls were made with "house" money. Relax... you'll get your mojo back.

 

[poolman]

Thank you all that responded with positive oppinions.

I'm sorry for being so p'od but this market is just ridiculious.

We have been accustomed to the PPT to keep everything floating and not

dropping at this kind of pace.




Where are they now ?

They don't know what to do... That is the Bottom Line.....


See you all Tomorrow....

Thanks for the Support...

 

[justbizness45]

Poolman my friend, your thoughts sound like capitulation. If that is the case then we should be watching for the bottom soon. After everyone capitulates the the bull will take off. Stay out of the market if you want, I am, but keep watch or you might miss the blast off. It may be closer than you think. Have a better day tomorrow,,,,

 

[Warrenlm]

Everyone and his/her brother/sister is waiting for someone else to "capitulate" so they can be "in" for the "20%" rocket blast up. It won't be long before that rocket blast is insignificant. I keep wondering if previous "capitulations" were as well discussed and awaited or if after the last decade with so many in the market it is more well known and anticipated this time. If it is, that means longer to wait.

 

[FUTURESTRADER]

wilshire 4500 (S fund) still holding above it's nov 20th low close of 300 (Spartans) .

 

[poolman]

http://www.youtube.com/watch?v=K8KveLSUaFk&feature=related

http://www.youtube.com/watch?v=06JrLPulEWs&feature=subscription

 

[coolhand]

Thank you all that responded with positive oppinions.

I'm sorry for being so p'od but this market is just ridiculious.

We have been accustomed to the PPT to keep everything floating and not

dropping at this kind of pace.




Where are they now ?

They don't know what to do... That is the Bottom Line.....


See you all Tomorrow....

Thanks for the Support...

The PPT was a Greenspan mechanism. It obviously does not apply to the current fed.

 

[350zCommTech]

The PPT was a Greenspan mechanism. It obviously does not apply to the current fed.

The PPT is real. You can see it if you know where/how to look. Japan has one also, but it's obviously not called the PPT. Japan even comes out and tells you what they doing.

With that said, sometimes the market is bigger than any PPT. The currency market, for example, requires a coordinated effort among various CB, in order to make a serious impact.

Sometimes they fail.

 

[coolhand]

The PPT is real. You can see it if you know where/how to look. Japan has one also, but it's obviously not called the PPT. Japan even comes out and tells you what they doing.

With that said, sometimes the market is bigger than any PPT. The currency market, for example, requires a coordinated effort among various CB, in order to make a serious impact.

Sometimes they fail.

I'm not saying it's not real. My point is that the current fed is not using it the way AG did.

 

[350zCommTech]

I'm not saying it's not real. My point is that the current fed is not using it the way AG did.

Sorry, misunderstood you.

 

[TRAFFIC_DOG]

I'm sorry for being so p'od but this market is just ridiculious.

We have been accustomed to the PPT to keep everything floating and not

dropping at this kind of pace.

Remember, the market is nothing more than a way to buy into the earnings stream of companies, usually on a "best guess" basis months to even years out in the future.

A sound case can be built that earnings streams going forward are seriously impaired, and historic valuations placed on those prospects given the current and projected economic environment give us a S&P value of 500's to 600's.

Not ridiculous at all.

The ride down is simply a tug of war between various future scenarios, mixed with some big players (Da Boyz) gaming it for short term profits.

Good luck, and realize that if your are going to stay in the casino........ you will need to put your winnings back on the table, and the house WILL take some of it back.

You're doing great so far.