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| The Scuppers This is a new forum for the not necessarily fishing related topics... |
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10-24-2008, 02:02 PM
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#1
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Registered User
Join Date: May 2004
Location: South of Boston
Posts: 2,605
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Quote:
Originally Posted by Back Beach
Art Cashin on CNBC a short while ago mentioned there hasn't been a bottom put in yet based on the volume you typically see at market bottoms.
Tough too believe there's not enough panic out there yet, but Art called the 10/10 selloff and subsequent rebound "less than perfect."
For the short term he anticipated a bottom within the next two weeks and possibly rally heading into the election.
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Mike,
Did you happen to see Cashin talking today about the 10/27 lunar cycle sell off fears? Kind of an odd correlation between historical stock selloff's and the New moon in October.
Kinda makes me want to buy a dozen eels for tonight's last of the west. |
The charm of fishing is that it is the pursuit of what is elusive but attainable, a perpetual series of occasions for hope. ~John Buchan
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10-24-2008, 03:34 PM
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#2
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Respect your elvers
Join Date: Mar 2004
Location: franklin ma
Posts: 3,368
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Quote:
Originally Posted by Bronko
Mike,
Did you happen to see Cashin talking today about the 10/27 lunar cycle sell off fears? Kind of an odd correlation between historical stock selloff's and the New moon in October.
Kinda makes me want to buy a dozen eels for tonight's last of the west.
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Can't believe you figured my secret out....you smarty.
On days when the market is up I usually do very well fishing that night. Market down, fishing down. Guess I'm staying in tonight but will pick up some big eels in anticipation of a rally next week... if its up more than 5% I usually get into 30# fish  |
It's not the bait
At the end of your line
It's the fishing hole
Where all the fish is blind
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10-24-2008, 05:41 PM
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#3
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Registered User
Join Date: Nov 2003
Location: On my boat
Posts: 9,703
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I wonder what the average per day is for people jumping from skyscrapers in Manhattan these days !
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LETS GO BRANDON
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10-25-2008, 12:19 PM
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#4
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Registered User
Join Date: May 2001
Location: Rhode Island
Posts: 3,650
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How much could the stock marker potentially fall? Could it completely tank down to like 1000-2000?
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10-25-2008, 03:16 PM
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#5
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Eels
Join Date: Jul 2004
Location: Cape Cod,MA.
Posts: 3,333
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One of the sad parts about this market is that historicly the fourth quarter has been productive & positive.I wish I had the extra $$ to buy more!
I really feel bad for our elders...There never going to rebound from this global mess.
Also If Im not mistakin but this is worse than Black Monday back in 87 chit back then people were jumping from windows 
Bob |
Live bait sharp hooks and timing is all you need
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10-25-2008, 03:24 PM
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#6
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Old Guy
Join Date: Oct 2004
Location: Mansfield, MA
Posts: 8,760
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Robert this is much worse than 87, the market has lost over 40 pct since its peak and it is much more widespread. This is 26-33 in the financial markets in our lifetime, I hope the rest of that time doesn't come to be.
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10-26-2008, 08:28 AM
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#7
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Respect your elvers
Join Date: Mar 2004
Location: franklin ma
Posts: 3,368
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This seems real bad, but the IXIC lost over 70 percent from peak to trough just 7-8 years ago and has never recovered. 
Dow was down over 40% too and came back to hit new highs. I remain optimistic the same will happen this time around once the excesses get wrung out. |
It's not the bait
At the end of your line
It's the fishing hole
Where all the fish is blind
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11-05-2008, 08:02 AM
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#8
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Respect your elvers
Join Date: Mar 2004
Location: franklin ma
Posts: 3,368
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Quote:
Originally Posted by 5/0
One of the sad parts about this market is that historicly the fourth quarter has been productive & positive.I wish I had the extra $$ to buy more.
Bob
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Don't look now, but we're up 20% off last month's bottom. Sure we'll pull back a bit from profit taking, but I think an uptrend is in place for a while.
People who bailed and went into cash are gonna be playing catchup. |
It's not the bait
At the end of your line
It's the fishing hole
Where all the fish is blind
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11-06-2008, 05:50 PM
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#9
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Registered User
Join Date: Feb 2003
Location: Newtown, CT
Posts: 5,659
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Quote:
Originally Posted by Back Beach
Don't look now, but we're up 20% off last month's bottom. Sure we'll pull back a bit from profit taking, but I think an uptrend is in place for a while.
People who bailed and went into cash are gonna be playing catchup.
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They may very well turn out to be the wise ones. I wish I had done that. |
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