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| The Scuppers This is a new forum for the not necessarily fishing related topics... |
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01-22-2008, 08:52 AM
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#1
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Permanently Disconnected
Join Date: Nov 2002
Posts: 12,647
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Stock market CARNAGE
It ain't gonna be pretty today. Feds just slashed 3/4 of a point to try to slow this day down.
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01-22-2008, 09:16 AM
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#2
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Wipe My Bottom
Join Date: Sep 2006
Posts: 1,911
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i told you so.  |
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01-22-2008, 09:19 AM
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#3
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Permanently Disconnected
Join Date: Nov 2002
Posts: 12,647
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01-22-2008, 09:26 AM
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#4
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Wipe My Bottom
Join Date: Sep 2006
Posts: 1,911
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S&P futures hit their bottom limit in overnight trading (-70 points).
Freakin Dow futures were down something nutzo like 650 points overnight.
Fasten your chinstraps, gonna be an interestingly ugly day even with the fed lowering federal fund and discounts rates this morning.
Farkin' Fed = Socialist rescue for Wall Street! (it won't work).
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01-22-2008, 09:31 AM
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#5
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Registered User
Join Date: Dec 2004
Location: North Fork
Posts: 2,260
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Quote:
Originally Posted by fishpoopoo
S&P futures hit their bottom limit in overnight trading (-70 points).
Freakin Dow futures were down something nutzo like 650 points overnight.
Fasten your chinstraps, gonna be an interestingly ugly day even with the fed lowering federal fund and discounts rates this morning.
Farkin' Fed = Socialist rescue for Wall Street! (it won't work).
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Ain't that the truth!!!  |
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01-22-2008, 09:32 AM
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#6
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Permanently Disconnected
Join Date: Nov 2002
Posts: 12,647
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Me thinks ya gonna need more than chinstraps today Ben. Think ya best break out the suspenders
or is it SOSPENDERS  |
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01-22-2008, 09:34 AM
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#7
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sick of bluefish
Join Date: Aug 2003
Location: TEXAS
Posts: 8,672
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to me it means one thing------BUY !
Its all a cycle, what goes downm, will go up.
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making s-b.com a kinder, gentler place for all 
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01-22-2008, 09:34 AM
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#8
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Permanently Disconnected
Join Date: Nov 2002
Posts: 12,647
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don't buy yet it aint done by far.
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01-22-2008, 09:37 AM
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#9
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Wipe My Bottom
Join Date: Sep 2006
Posts: 1,911
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Quote:
Originally Posted by RIJIMMY
to me it means one thing------BUY !
Its all a cycle, what goes downm, will go up.
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to me it means
OVERSOLD DOES NOT MEAN "BUY"
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01-22-2008, 09:43 AM
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#10
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sick of bluefish
Join Date: Aug 2003
Location: TEXAS
Posts: 8,672
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most people will sell
the punchline, buy low sell high is one of the most fundamental things that NO ONE gets right. the market is through the roof like teh late 90s, everyone is buying, stocks go down , everyone sells. stupidity.
rebalance your 401ks, invest for the long term. buy low, sell high
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making s-b.com a kinder, gentler place for all
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01-22-2008, 11:41 AM
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#11
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Wipe My Bottom
Join Date: Sep 2006
Posts: 1,911
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the trend is your friend, until the end, when it starts to bend.  |
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01-22-2008, 12:19 PM
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#12
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Registered User
Join Date: Nov 2005
Location: Philadelphia
Posts: 374
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Will someone please enroll Ben Bernanke in a good econ 200 class? All this pushing is putting a lot of slack in the rope.
I'm with the folks who think we're going to get killed on the upswing.
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01-23-2008, 07:46 AM
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#13
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Great White Scup Hunter
Join Date: Nov 2006
Location: In the Corner...
Posts: 2,251
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Quote:
Originally Posted by fishpoopoo
S&P futures hit their bottom limit in overnight trading (-70 points).
Freakin Dow futures were down something nutzo like 650 points overnight.
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The market will eventually reach and test those lows... |
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01-23-2008, 08:04 AM
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#14
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Wipe My Bottom
Join Date: Sep 2006
Posts: 1,911
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ah, the VIX has spiked over 30 and the plain vanilla equity put-call ratio is showing some modestly bullish signs.
s&p futures are down 20 points right now ... so we may have a little bit left to run down before we have a true (short-lived) bear-market "relief rally."
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01-31-2008, 09:57 AM
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#15
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Keep The Change
Join Date: Oct 2000
Location: The Road to Serfdom
Posts: 3,275
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Looks like the landing at IwoJima again today. I hope the Marines can make a comeback.
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“It’s not up to the courts to invent new minorities that get special protections,” Antonin Scalia
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01-31-2008, 10:12 AM
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#16
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Great White Scup Hunter
Join Date: Nov 2006
Location: In the Corner...
Posts: 2,251
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This is nothing,,, The market is going to drift lower towards the summer....
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