qwerty_IHB
New member
I say it goes down. Obama's speech left much to be desired regarding the economy. Too much ra-ra and chearleading, something Obama seems to be very good.
Vote, will we be up? or down?
- Thread starter jbenko_IHB
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graphrix_IHB
New member
[quote author="BlackVault CM" date=1235567114][quote author="no_vaseline" date=1235566966]I vote robusto, unless Geitner gets near a camera, then we're dead.</blockquote>
Oh yeah. I'm 100% with you on that one. If it was Geithner, I wouldn't even have an Up and Flat. It would just be a one vote button for DOWN and then state how many pts per second!</blockquote>
Well... he is speaking tomorrow on the bank bailout. So, you may get your wish. But... Bernanke is testifying tomorrow too. Volatile day then?
Oh yeah. I'm 100% with you on that one. If it was Geithner, I wouldn't even have an Up and Flat. It would just be a one vote button for DOWN and then state how many pts per second!</blockquote>
Well... he is speaking tomorrow on the bank bailout. So, you may get your wish. But... Bernanke is testifying tomorrow too. Volatile day then?
O
Oscar_IHB
Guest
It'll go up, unless it goes down. Or vice-versa.
awgee_IHB
New member
[quote author="2dogs1cup" date=1235566705][quote author="awgee" date=1235564645]I do not have a clue as to what the market will do tomorrow.</blockquote>
If you don't, no one does. My guess is down - BHO's speech did nothing to assuage those who fear/sense nationalization of BofA/Citi. That's my two cents - probably worth 0.5 cents.</blockquote>
Thanks for the vote of confidence, but I would hate to see it misplaced. I am not much of a stock picker, nor have I ever claimed to be. And I have never had any idea what the equities market might do from one day to the next.
If you don't, no one does. My guess is down - BHO's speech did nothing to assuage those who fear/sense nationalization of BofA/Citi. That's my two cents - probably worth 0.5 cents.</blockquote>
Thanks for the vote of confidence, but I would hate to see it misplaced. I am not much of a stock picker, nor have I ever claimed to be. And I have never had any idea what the equities market might do from one day to the next.
bltserv_IHB
New member
Yesterday was a short cover rally.
That housing number hit it for 50 points this morning.
50 % of alltransactions are distress. Thats ugly.
Still in a domino effect with much more pain to come.
My biggest fear is still something unforseen that just
sends us down 1000. Then we find ourselves in the 5000 range
for most of a couple years. We are possibly looking at a textbook depression.
"Though there is no widely accepted definition for an economic depression, according to an article in The Economist, there are two rules of thumb found widely on the internet. One is a decline in real GDP exceeding 10%, and the other is a recession lasting 3 or more years."
Looks like more Ponzi companies are going to surface.
Like Buffet said. When the tide goes out we will see some people
that were in the water without clothes.
I think we will continue to post new lows for several days. Off 162 as I type. Yuck.
That housing number hit it for 50 points this morning.
50 % of alltransactions are distress. Thats ugly.
Still in a domino effect with much more pain to come.
My biggest fear is still something unforseen that just
sends us down 1000. Then we find ourselves in the 5000 range
for most of a couple years. We are possibly looking at a textbook depression.
"Though there is no widely accepted definition for an economic depression, according to an article in The Economist, there are two rules of thumb found widely on the internet. One is a decline in real GDP exceeding 10%, and the other is a recession lasting 3 or more years."
Looks like more Ponzi companies are going to surface.
Like Buffet said. When the tide goes out we will see some people
that were in the water without clothes.
I think we will continue to post new lows for several days. Off 162 as I type. Yuck.
no_vaseline_IHB
New member
[quote author="graphrix" date=1235578288][quote author="BlackVault CM" date=1235567114][quote author="no_vaseline" date=1235566966]I vote robusto, unless Geitner gets near a camera, then we're dead.</blockquote>
Oh yeah. I'm 100% with you on that one. If it was Geithner, I wouldn't even have an Up and Flat. It would just be a one vote button for DOWN and then state how many pts per second!</blockquote>
Well... he is speaking tomorrow on the bank bailout. So, you may get your wish. But... Bernanke is testifying tomorrow too. Volatile day then?</blockquote>
Absolutely.
Oh yeah. I'm 100% with you on that one. If it was Geithner, I wouldn't even have an Up and Flat. It would just be a one vote button for DOWN and then state how many pts per second!</blockquote>
Well... he is speaking tomorrow on the bank bailout. So, you may get your wish. But... Bernanke is testifying tomorrow too. Volatile day then?</blockquote>
Absolutely.
stepping_up_IHB
New member
[quote author="bltserv" date=1235605198]Yesterday was a short cover rally.
That housing number hit it for 50 points this morning.
50 % of alltransactions are distress. Thats ugly.
Still in a domino effect with much more pain to come.
My biggest fear is still something unforseen that just
sends us down 1000. Then we find ourselves in the 5000 range
for most of a couple years. We are possibly looking at a textbook depression.
"Though there is no widely accepted definition for an economic depression, according to an article in The Economist, there are two rules of thumb found widely on the internet. One is a decline in real GDP exceeding 10%, and the other is a recession lasting 3 or more years."
Looks like more Ponzi companies are going to surface.
Like Buffet said. When the tide goes out we will see some people
that were in the water without clothes.
I think we will continue to post new lows for several days. Off 162 as I type. Yuck.</blockquote>
I just read this week that Japan's decline in GDP last quarter was 13%. Is that right?
That housing number hit it for 50 points this morning.
50 % of alltransactions are distress. Thats ugly.
Still in a domino effect with much more pain to come.
My biggest fear is still something unforseen that just
sends us down 1000. Then we find ourselves in the 5000 range
for most of a couple years. We are possibly looking at a textbook depression.
"Though there is no widely accepted definition for an economic depression, according to an article in The Economist, there are two rules of thumb found widely on the internet. One is a decline in real GDP exceeding 10%, and the other is a recession lasting 3 or more years."
Looks like more Ponzi companies are going to surface.
Like Buffet said. When the tide goes out we will see some people
that were in the water without clothes.
I think we will continue to post new lows for several days. Off 162 as I type. Yuck.</blockquote>
I just read this week that Japan's decline in GDP last quarter was 13%. Is that right?
biscuitninja_IHB
New member
HA! I had a good idea that it would tank. I should have invested in GG for a nice little gain.
-bix
-bix
bltserv_IHB
New member
[quote author="stepping_up" date=1235610063][quote author="bltserv" date=1235605198]Yesterday was a short cover rally.
That housing number hit it for 50 points this morning.
50 % of alltransactions are distress. Thats ugly.
Still in a domino effect with much more pain to come.
My biggest fear is still something unforseen that just
sends us down 1000. Then we find ourselves in the 5000 range
for most of a couple years. We are possibly looking at a textbook depression.
"Though there is no widely accepted definition for an economic depression, according to an article in The Economist, there are two rules of thumb found widely on the internet. One is a decline in real GDP exceeding 10%, and the other is a recession lasting 3 or more years."
Looks like more Ponzi companies are going to surface.
Like Buffet said. When the tide goes out we will see some people
that were in the water without clothes.
I think we will continue to post new lows for several days. Off 162 as I type. Yuck.</blockquote>
I just read this week that Japan's decline in GDP last quarter was 13%. Is that right?</blockquote>
Yes. Down 12.7% Very bad indeed. Saddly I think we are going down the same path as the Japanese by artifically trying to pump the economy and subsidize low intererst rates and bailouts to the guilty.
Interesting article in Forbes says the same thing I predict. Lost years of deflation.
<a href="http://www.forbes.com/2009/02/20/japan-america-recession-opinions-columnists_john_tamny.html">http://www.forbes.com/2009/02/20/japan-america-recession-opinions-columnists_john_tamny.html</a>
That housing number hit it for 50 points this morning.
50 % of alltransactions are distress. Thats ugly.
Still in a domino effect with much more pain to come.
My biggest fear is still something unforseen that just
sends us down 1000. Then we find ourselves in the 5000 range
for most of a couple years. We are possibly looking at a textbook depression.
"Though there is no widely accepted definition for an economic depression, according to an article in The Economist, there are two rules of thumb found widely on the internet. One is a decline in real GDP exceeding 10%, and the other is a recession lasting 3 or more years."
Looks like more Ponzi companies are going to surface.
Like Buffet said. When the tide goes out we will see some people
that were in the water without clothes.
I think we will continue to post new lows for several days. Off 162 as I type. Yuck.</blockquote>
I just read this week that Japan's decline in GDP last quarter was 13%. Is that right?</blockquote>
Yes. Down 12.7% Very bad indeed. Saddly I think we are going down the same path as the Japanese by artifically trying to pump the economy and subsidize low intererst rates and bailouts to the guilty.
Interesting article in Forbes says the same thing I predict. Lost years of deflation.
<a href="http://www.forbes.com/2009/02/20/japan-america-recession-opinions-columnists_john_tamny.html">http://www.forbes.com/2009/02/20/japan-america-recession-opinions-columnists_john_tamny.html</a>
jbenko_IHB
New member
[quote author="biscuitninja" date=1235614293]HA! I had a good idea that it would tank. I should have invested in GG for a nice little gain.
-bix</blockquote>
Votes though are fascinating to watch. We were dead even until futures indicated a lower open and eventually leading to a lower open. Votes for the market to go down skyrocketed!
I wonder if the other votes will catch up if this market turns positive. I think it will.
-bix</blockquote>
Votes though are fascinating to watch. We were dead even until futures indicated a lower open and eventually leading to a lower open. Votes for the market to go down skyrocketed!
I wonder if the other votes will catch up if this market turns positive. I think it will.
esq4_IHB
New member
[quote author="tmare" date=1235615005][quote author="biscuitninja" date=1235614293]HA! I had a good idea that it would tank. I should have invested in GG for a nice little gain.
-bix</blockquote>
I haven't heard the fat lady sing yet, I'm still holding on to my "flat" prediction.</blockquote>
My guess, it'll close down 150-225. The market seems to hate Obama.
-bix</blockquote>
I haven't heard the fat lady sing yet, I'm still holding on to my "flat" prediction.</blockquote>
My guess, it'll close down 150-225. The market seems to hate Obama.
jbenko_IHB
New member
[quote author="2dogs1cup" date=1235615340][quote author="tmare" date=1235615005][quote author="biscuitninja" date=1235614293]HA! I had a good idea that it would tank. I should have invested in GG for a nice little gain.
-bix</blockquote>
I haven't heard the fat lady sing yet, I'm still holding on to my "flat" prediction.</blockquote>
My guess, it'll close down 150-225. The market seems to hate Obama.</blockquote>
Technicals are telling me different. They are just technicals though. +180 at close.
This will be exciting either way.
-bix</blockquote>
I haven't heard the fat lady sing yet, I'm still holding on to my "flat" prediction.</blockquote>
My guess, it'll close down 150-225. The market seems to hate Obama.</blockquote>
Technicals are telling me different. They are just technicals though. +180 at close.
This will be exciting either way.
biscuitninja_IHB
New member
er... i might have spoken too soon. Where the hell did the rally come from?
Either way i'm covered, but if they stay down, i'll just just a smidge more "win".
-bix
Either way i'm covered, but if they stay down, i'll just just a smidge more "win".
-bix
no_vaseline_IHB
New member
[quote author="biscuitninja" date=1235617354]er... i might have spoken too soon. Where the hell did the rally come from?</blockquote>
ROBUSTO!
ROBUSTO!
O
Oscar_IHB
Guest
[quote author="Oscar" date=1235590628]It'll go up, unless it goes down. Or vice-versa.</blockquote>
I totally called it!
I totally called it!
esq4_IHB
New member
[quote author="BlackVault CM" date=1235615675][quote author="2dogs1cup" date=1235615340][quote author="tmare" date=1235615005][quote author="biscuitninja" date=1235614293]HA! I had a good idea that it would tank. I should have invested in GG for a nice little gain.
-bix</blockquote>
I haven't heard the fat lady sing yet, I'm still holding on to my "flat" prediction.</blockquote>
My guess, it'll close down 150-225. The market seems to hate Obama.</blockquote>
Technicals are telling me different. They are just technicals though. +180 at close.
This will be exciting either way.</blockquote>
Wow. I'd love to see it. It's looking flat now - agreed, interesting either way.
Looks like the down predictions didn't account for this:
http://finance.yahoo.com/news/Treasury-says-big-banks-can-apf-14468316.html
-bix</blockquote>
I haven't heard the fat lady sing yet, I'm still holding on to my "flat" prediction.</blockquote>
My guess, it'll close down 150-225. The market seems to hate Obama.</blockquote>
Technicals are telling me different. They are just technicals though. +180 at close.
This will be exciting either way.</blockquote>
Wow. I'd love to see it. It's looking flat now - agreed, interesting either way.
Looks like the down predictions didn't account for this:
http://finance.yahoo.com/news/Treasury-says-big-banks-can-apf-14468316.html
jbenko_IHB
New member
Fascinating to watch. It's like a battlefield, a war. Troops are marching forward pushig through enemy resistance lines. At times, they are failing, but they come back with more troops to push through the next resistance. Right now...Nasdaq $29.20 would be a big one to break through...
Thats how I view trading everyday...a battlefield...makes it more interesting than just staring at flikering lights. Gotta keep myself entertained...maybe i'm just going crazy.
Thats how I view trading everyday...a battlefield...makes it more interesting than just staring at flikering lights. Gotta keep myself entertained...maybe i'm just going crazy.
jbenko_IHB
New member
Aww...well I would declare this a down day, so hats off to those that voted down. If it closed down 40 or so, I would call the pretty flat. Definately not up, but a good run from its lows.
upperlowerclass_IHB
New member
I was right about the market direction, but still lost money today.....