WIND HUNTER'S Account Talk

Markets beginning to tank. Did they vote no again?

No the vote is just starting and is expected to pass.

I just found only $250 Billion of the $700 Billion is being offered. That's probably not enough to do much more that prolong the pain.

Of coure we're hoping it ends with a good signal - and the general population responds with optimism - which shoud quickly bring in the remaining $450 B.

Sorry just noticed the other response
 
Someone please tell me the S fund chart is wrong. Down 11%? If I wasn't already in, I'd be buying now. Can you say Capitulation?...:nuts:
 
schooner burgers any one :D i guess Anna will leave that txs blanket flying this coming Tuesday and well deserved


How bout them Longhorns! Ranked #1 in the AP but have a tough road ahead. We have Mizzou, Ok st, and Texas Tech the next three. And yes, the flag will fly next week.
 
Took my losses and ran to the lilly. Tomorrow will probably be a huge up day, but not willing to take the risk for more down side. GL to Everyone staying in...:D
 
Took my losses and ran to the lilly. Tomorrow will probably be a huge up day, but not willing to take the risk for more down side. GL to Everyone staying in...:D

I don't blame you, Hunter. This market is too unstable, in my opinion, to risk your hard-earned investment money. Looking back at the 2000-2003 downturn, we had a roughly 40% haircut off the market's value, based mostly on the destruction of a bunch of over-hyped dot.coms going bust, later exasperated by 9/11. The governments primary response was to lower interest rates, which did reflate the economy but resulted in the housing bubble. This time, we are seeing a bust of the world financial sytem and a bust of the US and Eurpean housing (and probably commercial real estate) markets.

I don't think we have a comparable downturn to this one, at least in my lifetime. I don't pretend to be able to accurately predict from day to day which way the market will swing. In my opinion, the downside risk still far outweighs the upside potential, so I will remain on the lilly pad for now.
 
Thanks guys, it was a tough decision, but I fell good about it. I will pick my spots to get back in, and I won't ride another market down.
 
Thanks guys, it was a tough decision, but I fell good about it. I will pick my spots to get back in, and I won't ride another market down.


Bravo! Bravo!

The USD/YEN is looking to test that March low again tonight and perhaps the market will breakout and down from this triangle pattern tomorrow. Once the markets drops another 10-15% or so, you can buy back in and you would be ahead of the market. That was my plan when I sold after that big bounce. Who knows when the real bottom will be here but there will certainly bear rallies to take advantage of. It is way too early in this crisis to be looking for a bottoming process.

Just my humble opinion.
 
350z,

You, Steadygain, and Corepuncher are the main reason I got out. Thanks for posting all the info. We all appreciate your hard work.
 
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