Whipsaw's Account Talk

[ravensfan]

Odd that oil and the DOW are both up while the S&P and RUS 2K are down as of 12:26pm...:blink:

BTW, Wolf and Owl exited to the G Fund today. That makes 7 of us on the ark now, along with the system...Hope burro has the bar stocked. :1244:

Good luck to the rest who are still in.

 

[Whipsaw]

Odd that oil and the DOW are both up while the S&P and RUS 2K are down as of 12:26pm...:blink:

BTW, Wolf and Owl exited to the G Fund today. That makes 7 of us on the ark now, along with the system...Hope burro has the bar stocked. :1244:

Good luck to the rest who are still in.

The folks exiting today will get a little plus up looks like. Scotch Rocks, please.

 

[Whipsaw]

Ugly earnings may mean a scary S&P 500 plunge

 

[FogSailing]

I read recently that the damage in January was so bad that the markets have to tread sideways for a period of time. No idea if that is folklore or fact but the markets are treading sideways. If symmetry plays a role in the markets, it would appear like we have a date with SPX 2000 somewhere during the last 2 weeks of March or the first 2 weeks of April. For now, I'm having Bourbon on the rocks..

View attachment 36946

FS

 

[jonfresno]

The folks exiting today will get a little plus up looks like. Scotch Rocks, please.

Toss me a beer - I'm the one drowning with my beer-catching hand above the water.

 

[DreamboatAnnie]

It's a beautiful morning. I'll have another Tequila Sunrise please!!
Sitting on a float (G fund) pondering the next time I will dip my toes in the surf! It's nice to be on firm ground for awhile.
P.S. Just wish it would stop splashing at my toes... so enticing.

 

[Whipsaw]

Holy crap! This just in! Toxic loans worldwide, and especially in China... $5 trillion in debt, half the country's output. This will make the US housing bubble burst look like a 7 year old with some bubble gum. Stand by to stand by if this one hits hard...

http://www.nytimes.com/2016/02/04/b...ans-in-china-weigh-on-global-growth.html?_r=0

 

[Cactus]

Hmmm. Are you trying to scare me? The market doesn't appear to be reacting. Thanks for the link. Excuse me while I go change my shorts.

 

[Whipsaw]

Bartender... double Martini, dry, olives. Shaken, not stirred, of course.

 

[Whipsaw]

Futures are down... :worried:

 

[Whipsaw]

Discussion at the link is calling this an 'extended stampede'... don't try to catch that falling knife, this could go on for some time yet. 3 positive days needed for an 'all clear' of any kind. Capital preservation is the order of the day.

Stock market live blog: Dow dives 300 points; techs extend selloff - MarketWatch.com

 

[Whipsaw]

Trouble in Greece... Down nearly 8% to 25 year lows. Greek stocks fall sharply on banking sector meltdown - Yahoo News

 

[Whipsaw]

The downside target from this article is ~ 1600, in line with what JTH charted the other day (1677)... be careful out there.

Here

 

[Whipsaw]

I changed my contribution allocation to the G fund for the time being. Had it going to the S fund as a hedge...

 

[ravensfan]

S&P at 1790, Oil at 25.00. That's my target for my next entry...Hmm

 

[Whipsaw]

S&P at 1790, Oil at 25.00. That's my target for my next entry...Hmm

You're getting close to that today; what are those figures based on?

 

[Whipsaw]

The folks that jumped in today... they have gonads, son, big brass ones! Everyone have a great weekend (yes, I'm on leave tomorrow, but will likely check in anyway).

From the lily pad, Whipsaw out!

 

[daze823]

The folks that jumped in today... they have gonads, son, big brass ones! Everyone have a great weekend (yes, I'm on leave tomorrow, but will likely check in anyway).

From the lily pad, Whipsaw out![/

I went in 40%, is 40% of big brass gonads regular sized ones? Really though, I just wanted to lol at your comment of not being on TSPTalk because you won't be at work... Although I admit I too am on more on work days than non-work days..

 

[ravensfan]

You're getting close to that today; what are those figures based on?

Oil at 25.00 was a figure Eric Bolling from Fox News has been throwing around for about 6 months. S&P at 1790 is a number FS threw out there awhile back.

 

[Whipsaw]

OK, saw this and had to post: The DOW is officially in a downtrend...

The Dow