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Definitely high enough. Should finish the day up around 3 billion on the nas and dow. I think we're in the process of a short term bottom.
Buzz
They're all in use by the ckys ceo who likes to keep a clean cell.
Buzz
The REALLY good news is, when the dollar is worth less than the peso, it will solve the illegal immigration problem.
Buzz
Not sure if I'm watching the markets or on a veii ferris wheel.
Buzz
I was eyeballing abk last week and came very close to buying. My bad.
Buzz
Dow very well may close green today, might even drag the nas up enough to green as well. Could see a 700 point swing today in the dow.
Buzz
That is the cunundrum at hand, not to mention us debt.
Buzz
The US markets typically lead, but the problem is now the world is pricing in a US recession, which will cause a world recession, and the US markets haven't really priced that in yet.
But if the fed cuts full point overnight, we could very well wake up to a 500 pt gap up in the dow instead of 500 down.
Regardless of what happens tomorrow, however, the markets are headed lower over the next year, and i'll stick to 11,000 by July for now, but reserve the right to adjust that downward. If no rate cut tomorrow or prior to next week's fomc, we may see 11,000 by Thursday.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26156836
Buzz
Good chance we're gonna wake up to at least a 1/2 point cut, with another half next week at the fomc meeting. But could see a full point in am.
The problems is, like the bush incentive, it's going to be perceived as too little, too late. The fed has lost world credibility because of their constant soft landing/goldilocks scenario regarding housing in the us, and failing to see the subprime problem. They tried to keep the wool down over the eyes too long, and either knew the problem was there and did nothing, or didn't know the problem was there, which is worse.
Buzz
Remember, all those developing economies, china, india, have NO ONE to buy their products without the us consumer.
Buzz
We may if we get a huge gap down, some good news, and a bunch of buying. But I wouldn't rule out panic, and since curbs will be in at the open, the ppt's gonna have to pick and choose their spots.
Buzz
US Consumer still = about 60% of the world's buying power. Until that changes, never think the us doesn't matter.
Buzz
The sad part is, the first bear rally we have, everyone will be trying to call it the bottom, then a lot of folks will really get washed out. Just like 2001.
Buzz
Some areas of ES support ...............
Buzz
Yes it is. This will be a nice place to kick back, relax, and watch the market crash on tuesday.
Let's just hope the bikini clad females on this beach don't sag the way the futures charts are looking right now!!!
Buzz
futs right now, 15 min delayed data
DJIA INDEX 11,592.00 -514.00 12,130.00 12,140.00 11,569.00 11:29
S&P 500 1,265.10 -60.20 1,327.50 1,331.60 1,256.00 11:29
NASDAQ 100 1,773.50 -76.00 1,850.75 1,857.75 1,755.25 11:29
We may finally get that "black" day we've been joking about for months on Tuesday (tomorrow).
S$P futures currently down 55 points from Friday's close, almost 5%. Currently pointing to a gap down in the dow of about 400 points. If they don't recover dramatically between now and tomorrow am, Tuesday is looking like a very, very ugly day.
Buzz
If this 1320 doesn't hold into the close, we could see 1280ish on Tuesday, but I agree that a short term, tradeable bottom is near. I'm concerned there hasn't been any real fear and panic, however, so I believe we'll see lower lows into summer before a meaningful, sustained rally.
Buzz
Never mind, just checked:
January 1 New Year's Day
January 21 Martin Luther King Jr.'s Birthday (Observed)
February 18 Presidents' Day
March 21 Good Friday
May 26 Memorial Day
July 3 Early Market Close*
July 4 Independence Day
September 1 Labor Day
November 27 Thanksgiving Day
November 28 Early Market Close*
December 24 Early Market Close*
December 25 Christmas Day
Is the market closed monday for mlk? I thought it was open, just banks closed, which means no ppt action.
Buzz
Ok, we'll substitute "bald" in your case. eom
Oh, I'm sure I'll here plenty of whining from you between now and May, and then a few months of after the fact complaining as well.
And then when you do, I'll be reminded of one of my favorite lines from any movie ever:
"Fat, drunk and stupid is no way to go through life".
Buzz
Consider the source, lol. eom
Only if I have to look at a picture of you or hear you whine about getting fucked by the big blue anymore. Pussy.
Buzz
12k baby
Yeah, the important thing is, he and no one else were hurt. However, I don't think he understands the severity of the situation, and how someone could have been seriously injured.
Say what you want about muscle cars when I was a teen, but as Deep Purple said, you knew you had a "killing machine" in your hands. And you respected it. Now, they play xbox and wipe out and walk away and just start over. I'm not sure they realize how real it is in reality, as stupid as that sounds, and how much damage a real 2000 pound car can do when travelling at 30 mph. He's a calculus whiz, should have him figure the energy based on velocity/weight.
He's a good kid. An achiever, but takes a lot for granted. Probably my fault, and my x-wifes, as we both spoil the "oldest" of the three. But I hope this sends a real shock to him, which it hasn't yet. Not sure what to do yet, wanna sleep on it, but I really want him to know how serious this is. Fucking cell phones should be illegal in cars, imo, and i refuse to answer mine while I'm driving.
Anyway, thank you for your comment and concern and sympathy. I see you're still married to the ckys mess. IMO, let it go, and you'll feel better. Venting won't get the money back, and will just keep you in a bad state of mind. I know from experience.
All my best,
Buzz
eventually .................. the trick is, figuring out if it's 2 weeks, which we can rule out, 2 months, longshot, or 2 years, more likely.
Buzz
God bless Saturn. My 16 year old totaled his car tonight while, ugh, texting while driving, on his way to his gf's and wanted to text her he was running late. Doing 30 and staring at his phone in his right hand, which was resting in the passenger seat, he drifted left and rear ended a standing still car in a left turn lane. Air bag deployed, thank God, since the front bumper was pushed up against the windshield. He walked away without a scratch, and thankfully, the other driver was fine.
His comment ............... "can I take YOUR car to go to my girlfriend's?".
I think it's time to ground him for a bit. Now that I've stopped crying.
Buzz
HOLY SHIT! Thanks for posting that. no one knew.
Buzz
1280 "ish" .................
Nas down 9 of 12 days in jan. S&P down 8 of 12 days in jan. Dow down 7 of 12 days in jan.
Posted by: BuzzOnDaBeach
In reply to: MSGI who wrote msg# 149963 Date:12/18/2007 12:16:02 AM
Post #of 151722
Relief rally here, but we may be staring a new bear in the face.
More bear markets have started in Jan than every other month put together.
Buzz
Decent entry ahead of intc earnings, based on beating the last 7 Q's. Sorry to see you stopped out, but glty on the next one. Nice to see honesty among traders - you're a class act.
byuzz
Futs down 13 right now on s and p. Would love to stay up and watch them all night, but time for sleep. Pointing to about a 100 point gap down in the dow.
buzz
Leaving this pinkie on the board cause I like the technical analysis/fundie analysis behind it, and rocket isn't a pumper.
So if you're into that type of trade, it looks like a nice set up.
Disclaimer. It's a pinkie, so trade it, and don't marry it. Rocket and I both owned ckys at one point in time, LOL.
Take your profit on the trade and move on if you choose to play it, or ride freebies.
Rocket isn't a big pinkie pumper or player, much like me, so if he thinks its a good one, i'l trust him on it.
as always, do your own dd.
Buzz
Been a long time! Love this guy!!! Hope you're doing well, profitable and happy!!!!!!!! All my best.
Buzz
Rocket!!!!!!!!!!!!!!!!
I see you're suffering fron "waking dreams" again. em
Tina Marie asked me to tell you it's late and she's tired, so she cant' talk tonight, but she's looking forward to the weekend getaway with you and having your children.
Buzz
Anyone wanna take late odds on a rate cut in the am?
Buzz
The big picture, meaning a span of 10 years or more, is pretty much always bullish. Equity markets wouldn't exist if they weren't bullish by nature. They can only decline a fixed amount, but rise infinitely. And there would be no point in "investing" if the end result wasn't eventually a gain on that investment.
The trick is, calling the "bear" periods within the perpetual "bull". That's why there are so many permabulls ..... they're always going to be right .......... eventually.
Blissbull has been calling for a "major crash" for about 14 months. He may finally get it.
aire has the best record i've ever seen on market calls when the bullish scenario works out, but I have a problem with his ability to see major trend changes, dating back to this board on RB when a whole bunch of the hurst types got caught short during the rally out of the march 2003 lows.
I pretty much ignore the elliot wavers cause I think it's a theory that exists for them to all argue if we're in an a or b of 1 of a 5 into a c of a 3.
arjunah has had a very nice read, but i think cash had it all nailed a while back, wonder why he's not posting anymore, and the 4.5 year low came in march, not august as aire suggests. Which would explain a lot of the recent left translations.
But yes, next week's low will be lower, and I'll stick by my call of dow 11,000 by july 08. Then, maybe around oct, we'll rally again and end the bear market phase. Oh, oct of 09, not 08. I mostly go by trendlines.
Despite it being an election year, the market is pricing in a democrat.
Buzz