The stock market was down 10% in January

Just looked at some figures, after last year's 35-45% overall drop the major indexes have shed another 10% already.

At this rate, we will be in the negative by the end of the year.2938u4ji23:+clueless

DJIA from 8776.39 to 8000.86
NASDAQ from 1577.03 to 1476.42
S&P 500 from 903.25 to 825.88

Let's discuss.
 

Timetopay

EOG Master
Re: The stock market was down 10% in January

Not sure GD.

We may be in for the end of life as we know it

or

this may be the blood in the streets time to buy.

Every single person i talk to is negative on everything. Im hoping that is a positive
 

Doc Mercer

EOG Master
Re: The stock market was down 10% in January

Get the ropes out and storm Wall Street .... AGI ... Bear Stearns ... Bush 41 and Clinton ... and let the Banks burn down and fuck this shit

This is a nitemare that is going to change the landscape of this country and a lot of good folks on this board are in for the roughest times we've seen in this generation

Fuckin Madoff ought to be sitting in a damn jail cell getting raped every nite
for the Ponzi scam he ran
 

Flamingo kid

Everybody's hands go UP!
Re: The stock market was down 10% in January

i owned two small stocks for about a year and lost a little bit and then sold them at a loss about 4 months ago. I pulled the plug, got out when the getting out was good (or, bad).

i won't touch the stock market w ten foot pole. just seems like a bad idea to buy stocks right now.
 

Doc Mercer

EOG Master
Re: The stock market was down 10% in January

and I sure the hell wouldn't keep a lot of money with BOA or Citbank right now
as those 2 could go under at any moment
 
Re: The stock market was down 10% in January

Both BOA and C will hit 0 (or close to it with reorganization) Should be shorting them right now.

Throw in BYD, MGG, LVS, and you have yourself a short party.

And to paraphrase an old adage, "nobody ever went broke shorting Donald Trump". Maybe he can find a greater fool, reorganize, offer at 10/share and it can go back to zero again.
 

Doc Mercer

EOG Master
Re: The stock market was down 10% in January

Bank losses from the write-offs of bad loans and busted derivatives tally up to $1.5 trillion so far. In addition, $5 trillion to $10 trillion worth of off-balance-sheet businesses such as structured investment vehicles -- leveraged lending vehicles used by big banks to fatten their profits in boom times -- are being forced back to banks' balance sheets by regulators. Rules require banks to keep a base of real shareholder capital amounting to 10% of those funds. So banks need to find up to $1 trillion within the next year to meet that objective.

Add the $1.5 trillion in losses to $1 trillion in needed new reserves, and you can see that banks need as much as $2.5 trillion in new capital to remain solvent under current rules.

the entire system is simply insolvent, as liabilities are greater than assets. Governments aren't forcing banks to admit this, but investors are, and that is why big banks' shares have lost half of their value this year.

Governments, meanwhile, are trying desperately to help banks plug the gap, but they're coming up short. When you add the $500 billion from sovereign wealth funds to the $500 billion from the first tranche of the Troubled Assets Relief Program, it's only $1 trillion. That's already been provided. So that leaves a gap of $500 billion to $1.5 trillion.
 

betfirstclass

EOG Dedicated
Re: The stock market was down 10% in January

I really really Really REALLY hope I am wrong but the next 11 months, I don't see getting any Better / / / Could be "ROUGH" 2009 and again, I hope I am wrong But things simply not Looking good . . . . . .
 

cheapseats

EOG Master
Re: The stock market was down 10% in January

Both BOA and C will hit 0 (or close to it with reorganization) Should be shorting them right now.

Throw in BYD, MGG, LVS, and you have yourself a short party.

And to paraphrase an old adage, "nobody ever went broke shorting Donald Trump". Maybe he can find a greater fool, reorganize, offer at 10/share and it can go back to zero again.


Don't think so, feds will throw more moola than we shall ever know at these two, break-up or spin-off, yes, but the public will never know the real deal. The financial system of the US has collapsed, they just won't admit it, the world bank and the IMF likely have intervened and will do so in the coming 12-18 months.
 

Doc Mercer

EOG Master
Re: The stock market was down 10% in January

being your Idol Limbaugh led a gay lifestyle in the early 70s I am sure you
would have no problems bending over for Mr Viagra and letting him lube up the Landing Strip ...

MM ....did you ever get it on with Rushie and Mr Sanders?


In 1971 Limbaugh attended Southeastern Missouri University,
where, according to reports, he had a brief but heated affair
with Elliot Sanders. So gay is Limbaugh, guarantees Sanders,
that, "none of his marriages was ever consummated."

Many of Limbaugh's fans staunchly deny the man's alleged
homosexuality, and Limbaugh himself says the rumors are
politically motivated lies. However, one is forced to doubt
Limbaugh, who has a history of denying and balking at rumors
that are later revealed to be true. His pilonidal cyst, his
pseudonymous career in Pittsburgh radio, and his addiction to
Oxycontin are all facts which Limbaugh initially denied or
concealed.

After more failed stints with Missouri radio stations Limbaugh
moved to Sacramento, CA, where he met and became "friends"
with Norm Woodruff, a flamboyant, openly gay man with a
great deal of influence in the local radio scene. Woodruff, who
mentored Limbaugh in the ways of affluence and elitism (traits
Rush mocks today), would later died of AIDS.
 
Re: The stock market was down 10% in January

What was this thread about again?

Oh fuck me, never mind, continue the circle jerk.:doh1
 

Doc Mercer

EOG Master
Re: The stock market was down 10% in January

LOL !!!

Munchkin has one of them "manly crushes" on Mr Viagra ....
 

sean1

EOG Dedicated
Re: The stock market was down 10% in January

Why do people bitch? If you don't like the market short it. Money can be made many ways.
 

RageWizard

EOG Senior Member
Re: The stock market was down 10% in January

Sean is right, short the market.

Look the entire economy is driven by consumption, and people are not consuming now because they are trying to pay down their debts and bring their own house in order. So since no body is consuming, companies aren't making good earnings. Which means that the stock market cannot move up. It is that simple folks. I have been telling people first get out of any mutual funds that they may have, unless they like getting bent over and fisted, and since last January, I have been telling people to short the market. Last year the market lost like 35% or something like that, this year will be the same, the market will eventually make its way to 5200. Yeah that's another 35 to 40 %. ( don't quote the % to much, it is still early, but you get the idea), Anyway, the market doesn't just go straight up or down, and there will be rallies. Short term trading is the way to go now a days. I'm not talking about day trading, I'm talking about taking a position, either long or short, and getting in that position when nobody wants the stock, then waiting a couple of weeks or even a couple of months, then giving it away to some smuck when they become popular. Play the ponzi scheme people.
 

Doc Mercer

EOG Master
Re: The stock market was down 10% in January

You are watching the MF in play right now and its gonna get worse

Folks are scared shitless .... once the MF sets in is the time to find
some stocks that have plummetted back to reality and grab them

2009 is gonna be a rough ass year ....


Good luck to one and all
 

wick city

EOG Enthusiast
Re: The stock market was down 10% in January

Paulsen is a scum bag. Instead of helping some of his cronies, he should of let some of these bad banks fail.
 

Doc Mercer

EOG Master
Re: The stock market was down 10% in January

They are all scumbags ....

the Derivivatives are going to crash this bitch for good this time

Everyone from Bloomberg to Clinton to Bush 43 to Greenspan should be
rounded up and executed for what they have done

We are sooooo fucked its not even funny .... this is going to make
1929 look tame

Go read that article I posted yesterday ..... WE ARE SOOOOO FUCKED
YOU MIGHT AS WELL SIT BACK AND GET READY TO FIGURE OUT PLAN B
 

SSI

EOG Dedicated
Re: The stock market was down 10% in January

i could tell you how to make a killing, trading the indexes..

SSI
 

Doc Mercer

EOG Master
Re: The stock market was down 10% in January

well don't leave us hanging

do ya have a 900#??

1-900-INDEX-PROFITS
 

SSI

EOG Dedicated
Re: The stock market was down 10% in January

no doc, i trade the emini sp 500 market.

makes no difference to me if the market goes up or down, as long as it moves..

if you know anything at all about trading the Emini SP 500, i could turn you on to a money maker (for free)..

just let me know..

SSI
 

Doc Mercer

EOG Master
Re: The stock market was down 10% in January

Cool

thats the beauty about this forum

appreciate .... and good luck if ya "invest" today
 

SSI

EOG Dedicated
Re: The stock market was down 10% in January

i am 100% serious.

i am not talking about buying individual stocks..

im talking about trading the emini sp 500 market... ESH09 is the symbol


i have a system that i can tell you about but if you know nothing about it, it would be like speaking chineese..


the march emini (esh09) is sitting at (825.50) this market reopens tonight at 6:30 pm cst and trades until friday afternoon 3:15 pm cst, with a closing each day from (3:15) until (3:30)........ that is to settle daily figures..


actually i have made much more on the downward moves, they are sharper.......

i use a 15pt profit target and a 13pt trailing (stop/reverse)...... i can explain this to you, if you would like..


here are my last 3 trades...


1/30/09: short 1 esh09 858.00, out at 843.00, for a 15pt profit

1/31/09: long 1 esh09 846.00, out at 835.00, for a 11pt loss

1/31/09: short 1 esh09 835.00, out at 820.00, for a 15pt profit

thats a profit of 19pts (-3 comm) in 2 days..

each point is worth $50....



at the moment, the next trade, entry, is a Long (buy) at 830.50...

currently at 825.50, so its got to go up a little to get in...


ill explain more off forum or here if you would like..

SSI
 
Re: The stock market was down 10% in January

interesting.....who do you use for this type of trading?
i am 100% serious.

i am not talking about buying individual stocks..

im talking about trading the emini sp 500 market... ESH09 is the symbol


i have a system that i can tell you about but if you know nothing about it, it would be like speaking chineese..


the march emini (esh09) is sitting at (825.50) this market reopens tonight at 6:30 pm cst and trades until friday afternoon 3:15 pm cst, with a closing each day from (3:15) until (3:30)........ that is to settle daily figures..


actually i have made much more on the downward moves, they are sharper.......

i use a 15pt profit target and a 13pt trailing (stop/reverse)...... i can explain this to you, if you would like..


here are my last 3 trades...


1/30/09: short 1 esh09 858.00, out at 843.00, for a 15pt profit

1/31/09: long 1 esh09 846.00, out at 835.00, for a 11pt loss

1/31/09: short 1 esh09 835.00, out at 820.00, for a 15pt profit

thats a profit of 19pts (-3 comm) in 2 days..

each point is worth $50....



at the moment, the next trade, entry, is a Long (buy) at 830.50...

currently at 825.50, so its got to go up a little to get in...


ill explain more off forum or here if you would like..

SSI
 

SSI

EOG Dedicated
Re: The stock market was down 10% in January

sorry for the delays guys, had to run out a minute..


bigbet........ i trade at (Redlands Futures and Options) they are located in Redlands CA............. they clear thru RJ Obrien and Associates.... which is located in chicago and have been in the biz 100yrs (probably)...

i use a full service broker ($25rt)....... he knows exactly what im doing and is able to keep up with what i want, so i dont have to babysit this thing all the time... i call the night desk after hours for any moves that need to be made..

i can tell you anything you want to know about trading the emini or commodities in general, most here are not interested..

for the last couple of years, all ive traded is the emini sp 500 market..

we are currently trading the march contract (H)..........

if you turn on cnbc during market hours and look at the top, on the left hand side........ they show you the current price for the SP cash market..

the emini (which i trade) is almost identical in price to the price they quote on the screen, so you actually can keep up that way....... my broker also supplies me with live quotes as well...

i would be more than glad to list my trades, start a new thread or basically answer any ????? that you may have...

the overnight margin for the emini (all commodities vary) is $5000 or thereabouts but there are many ways to beat margin calls in this particular market, since it trades basically 24hrs per day..... just make sure your stops are in at all times and you will be ok............ the volume is so huge in the emini that slippage is not a problem.......... i cant even remember the last time it was a quarter point ($12.50)......

im not in the market right now but if it moves up to 830.50....... i will then be long this market........... what i do is 100% Mechanical so my opinion varies little but its been a gold mine for the last 8 months....... no joke.

SSI
 

SSI

EOG Dedicated
Re: The stock market was down 10% in January

if anyone wants,,, id be glad to start a thread, entitled "My trading journal" and list my trades for awhile........... many could be in real time but i would explain them all and show the entrys and exits, along with the profit and loss...

there are many sites that have 10 min delayed quotes, with plenty of free charts to look at.......... just google it...


i just need to know what room to put this sort of thing in........

any ideas or interest???


SSI
 

Doc Mercer

EOG Master
Re: The stock market was down 10% in January

This looks "interesting"



Many States are already scurrying to cut unwanted costs, cut State-funded programs, raise taxes, not issue tax refunds to their citizens, and borrow money just to survive in 2009. Unfortunately, many banks ? the same banks the Fed bailed out ? are refusing to loan money to the States and their Treasury agencies.

Gee the bail out is really helping ...someone other than us.

It?s very possible you?ll see the end of the United States as we know it. If the Fed doesn?t bailout the States when their cash dries up and the banks don?t loan them money, then our States will be left in financial ruin. This would be a tragic and unprecedented event never experienced in the United States.

No State has ever filed bankruptcy, but it could be coming to a State near you this year.

We are on the brink of something far worse than the Great Depression.

http://freedomarizona.wordpress.com/2009/01/30/46-of-50... <!-- google_ad_section_end -->
 
Re: The stock market was down 10% in January

Dow drops below the 8000 threshhold today.

<TABLE class=accordion_view id=market_summary_us_accordion title=mktsummary><TBODY><TR class="tab selected" title=Dow tabIndex=0><TD class=ticker_name>Dow</TD><TD>7,936.75</TD><TD class=ticker_down>-64.11</TD><TD class="right_cell ticker_down">-0.80%</TD></TR></TBODY></TABLE>
 

Doc Mercer

EOG Master
Re: The stock market was down 10% in January

Remember

when the Titantic sunk it sucked everything down within a mile radius

But dont panic as there is plenty of room on Bush's 97,000 acre ranch
he purchased in 2006
 
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