The stock market thread part 2

#251
#251
droski said:
most of my clients are saying either a) i'm not buying anything for 6 months (most of those are in cash) or b) i'm sticking it out no matter what. i bet we never break 6,000, let alone 5,000.
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I'm in your "b" category.This thing is going to turn around sooner or later. It just sucks seeing the losses.
 
#252
#252
T-TownVol said:
anouncement to be made on the Rush Limbaugh Show
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I am the first to say that I am ignorant on most of what you guys speak of, so can I ask for an explaination without being killed here? What announcement and what will it do?
 
#253
#253
Sjernigan88 said:
I am the first to say that I am ignorant on most of what you guys speak of, so can I ask for an explaination without being killed here? What announcement and what will it do?
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he's being sarcastic about rush.

we are talking about the posibility of obama eliminating mark to market which forces banks to take unrealized losses on assets that have gone done in value. if it happens many of us think the stock market will rally considerably.
 
#255
#255
Good sign that a rally is in the works

In contrast, bulls can also make a positive case when they look at the Vix.

"The Vix is telling us that the market is establishing a bottom," said Anthony Conroy, head of trading at BNYConvergEx.

One of the key differences between last October, when the Vix approached 90, and the equity market behaviour of recent days is that traders and institutions are no longer being forced into certain trades out of necessity or desperation.
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Subdued Vix signals investor battle fatigue - Yahoo! Finance

The Vix is currently at 47 down 6% today
 
#256
#256
droski said:
he's being sarcastic about rush.

we are talking about the posibility of obama eliminating mark to market which forces banks to take unrealized losses on assets that have gone done in value. if it happens many of us think the stock market will rally considerably.
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This is the bottom then if that happens in your view?
 
#257
#257
oklavol said:
This is the bottom then if that happens in your view?
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probably, but the rally would so quick and extreme i'm not sure buying into it would be the best idea. similar to the rally after the tarp was originally announced.
 
#259
#259
they just talked about on CNB apparently a Congressional subcommittee to hold hearing on mark-to-market is going to happen sometime next week
 
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#262
#262
Good day for me on CME, AKS and CAT. Took a small hit on JPM but im not worried about that one. Time for a drink...
 
#267
#267
Citi is trading at 99 cents...

you can buy a Wendys Jr Bacon Cheeseburger for 1 share of Citi
 
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#269
#269
adsjdfhdsjkaskdklahldhlfehklefhil thats all....This market sucks! if your not short..*sigh*
 
#271
#271
Long BGU $15.5 looking (hoping) for a rally into the close

:crossfingers:

if you are short here, you have to be mildly crazy
 
#272
#272
droski said:
everytime i think about buying citi i am going to "invest" $1 into my "buy a bottle of johnnie walker blue" fund.
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I just averaged down on Citi. Good bet. The value is either 0, or fabulous. I'm betting against the 0.
 
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