The Dow tomorrow: Predictions?

[myrobbins7]

Yeah, it's going to be a long day...

 

[myrobbins7]

I wonder how that GMAC debt exchange is going to work out today? hrmmmm.

 

[droski]

they only have 30% of the voters. i've seen the deal and i think it sucks for debt holders. I've turned it down for my clients who have em.

 

[VolsNSkinsFan]

market is hanging positive right now... pretty surprised

we will see what the last few hours hold

 

[swampvol]

Droski, did you take any profits from your uyg or cx?

I bought cx at 4.60, sold at 6.45..... :ermm:

I bought uyg this past week, high.... but averaged down mid 5's. I'm a bit worried about GS on Tuesday.

 

[droski]

i'm still holding on to both. i'd be happier of i sold CX at 10.50 though.

 

[myrobbins7]

70% chance of a .75 Fed cut, sweet..

 

[myrobbins7]

Nice jump today, enjoy..

 

[VolsNSkinsFan]

yep soon enough the fed will pay us to borrow money

 

[BigPapaVol]

yep soon enough the fed will pay us to borrow money

the Fed is about to borrow some money for itself and do so very cheaply.

 

[swampvol]

i'm still holding on to both. i'd be happier of i sold CX at 10.50 though.

Wouldn't be surprised if you got a 2nd shot at that 10.50 tomorrow.

 

[myrobbins7]

hrmm..It looks like the one month bill may go under 0. How nice.

 

[VolsNSkinsFan]

hrmm..It looks like the one month bill may go under 0. How nice.

I just got long TBT Ultra Short Lehman 20+ Treasury ETF

Dorski/Robbins/Anyone else Am I crazy? Bond yeilds cant stay this low forever.

 

[droski]

I just got long TBT Ultra Short Lehman 20+ Treasury ETF

Dorski/Robbins/Anyone else Am I crazy? Bond yeilds cant stay this low forever.

you'll be happy with that trade long term.

 

[myrobbins7]

I agree with Droski on that trade man. You will be happy long term.

 

[VolsNSkinsFan]

Hope you guys are right


Gonna have to close my eyes on that ETF and look at it 6 months from now

 

[myrobbins7]

Interesting how the Dow was up around 150 or something and now only up 30. Great bailout plan guys..

 

[myrobbins7]

Time for some triple witching action.

 

[VolsNSkinsFan]

The S&P 500 really needs to hold 855. If it goes below 855 look for more downside possibly retesting the lows of Nov 21st

Currently at 865

 

[myrobbins7]

Was it really a shocker that Kerkorian sold out of Ford? C'mon...

 

[droski]

i didn't know he still owned any. can't read much into this weeks trading with everyone on vacation and tax loss selling going on.

 

[myrobbins7]

More bad news this AM. and the market goes higher. I like this little trend now...

 

[VolsNSkinsFan]

More bad news this AM. and the market goes higher. I like this little trend now...

Yep nice trend here, if we can hold it through next friday without any significant down days, then dare I say we could see Dow 11K?

 

[VolsNSkinsFan]

Jobs data this morning wasnt as bad as expected with only 524K lost and we now have 7.2% unemployment.

wisper numbers were for over 700K lost, so it could be worse

 

[myrobbins7]

A good bounce would be nice today..