This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

Imminent and severe market correction

Jump to new
Great quote!

“This is essentially Mr Paulson’s bill to help his friends and I can’t buy it,” said Paul Broun, a Republican of Georgia. “This is a huge cow patty with a piece of marshmallow stuck in the middle of it.”
Click to expand...

ROTFLMAO
 
There was no reason for anybody to have been long the market since, oh, about January. This the capitulation many said to expect.

Game over.
 
Half an hour to go and Dow -700, SP500 -96

Happy to take the money, but things look bad
 
In other news Campbell Soup (CPB:NYSE) is up +1.2%

Is this an omen??
 
I've got a few Australian positions open that would probably fit that description - but wish I'd been a bit more aggressive now. Tomorrow (today) will be interesting anyway.
 
cuttlefish said:
I've got a few Australian positions open that would probably fit that description - but wish I'd been a bit more aggressive now. Tomorrow (today) will be interesting anyway.
Click to expand...

Hindsight is great

I wish I had been more aggressive as well

On a positive note, gold is up
 
Well I certainly won't be paying for any inflated volatility today but I might sell some of it and see if I can find something closer to pure delta.
 
mazzatelli1000 said:
On a positive note, gold is up
Click to expand...


Yeah - the long gold positions might actually pay off one day

I think if the bailout goes through it is more inflationary and thus better for gold. I also believe its better for the economy at this juncture - as long as they also try to manage an orderly decline in the USD and also don't try to prop up every insto - i.e. let the basket cases fail but shore up the ones that can weather it plus look after some of those that are important from a systemic perspective. The liquidity injection might let them manage it so the whole lot doesn't go up in smoke, but its a fast burning fire at the moment.
 
theasxgorilla said:
There was no reason for anybody to have been long the market since, oh, about January. This the capitulation many said to expect.

Game over.
Click to expand...

Exactly.

Now we just wait until we know which companies are going to survive, or buy index funds for now.

Poor old Nizar looks to have been beaten and stopped blogging. Just can't conceive why anyone would have decided to be long only in a mechanical system recently. Untestable and insane...
 
Paulson is set to now meet with Bernanke, Bush and congress to try and work out some form of a solution to the current crisis after today"s vote failed to go through. The market is now pricing in a 100% chance of a 25bps Fed rate cut at the October meeting with a 70% chance for a 50bps cut.

Cheers
.............Kauri
 
wayneL said:
Half an hour to go and Dow -700, SP500 -96

Happy to take the money, but things look bad
Click to expand...

Well done Wayne, maybe one day you could explain how you "straddled" this event and came out a bigger winner than only a winner. Surly a fitting addition to your options thread?

Cheers,


CanOz
 
Can someone please advise.. if i set some stocks to sell at market prior to open will they be sold at the lowest sell price or the highest buy price ??
How would this work as it is not something I generally do ???
Thanks !
 
hey chaps - 3 peaks domed house. looks a bit like the DOW hey. 7,500 anyone? (not tomorrow btw )



Dow at close last night

 
You must log in or register to reply here.

Similar threads

Trump Era 2025-2029 : Stock and Economic Comment
13 14 15
Replies
287
Views
13K
basilio
The role of Private Equity
Replies
7
Views
2K
Dona Ferentes
March 2025 DDD
2
Replies
22
Views
2K
ducati916
February 2025
2 3 4
Replies
64
Views
6K
ducati916
April 2024 DDD
3 4 5
Replies
98
Views
10K
ducati916
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...