Where will be at end of next week?
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Hyman:
WTF are you checking this board for if you are right now on the slopes. Take a break and enjoy the skiing and the bunnies. I'll be in Beaver Creek next week myself. ENJOY!lol…my buddies are skiers and this morning they went to "ski only " Deer Valley. I only snowboard.
I also had a couple of ‘must do’ items for work. I guess that’s one of those times where being indy is a bit of a drawback. So I’m going to do a half-day at Park City Mtn Resort today…the lift is about 500 yards away.
[quote=jkl1v1n6]Hyman:
[quote=HymanRoth] lol…my buddies are skiers and this morning they went to "ski only " Deer Valley. I only snowboard.
I also had a couple of ‘must do’ items for work. I guess that’s one of those times where being indy is a bit of a drawback. So I’m going to do a half-day at Park City Mtn Resort today…the lift is about 500 yards away.
[quote=jkl1v1n6]Hyman:
I would be pissed if I was a Financial Advisor working for a firm doing all the right things and was paying a price for BAC/WB/C/UBS/MS mistakes........Wait! I am.FDIC can borrow from the Treasury. Sheila Bair is trying to tax the banks to sure up the FDIC funds but she doesn’t need to. I would be pissed if I was a small community bank doing all the right things, only to pay the price for BAC/WB’s mistakes.
Market clearly wanted to rally Friday…and, even with, awful revisions to last month’s numbers still finished higher…
We should go higher this week, maybe into Thursday, when Congress looks into what they can do to deal with mark to market pricing…
I like your 7500 call…
[quote=SFEZ] Market clearly wanted to rally Friday…and, even with, awful revisions to last month’s numbers still finished higher…We should go higher this week, maybe into Thursday, when Congress looks into what they can do to deal with mark to market pricing… I like your 7500 call…
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Why should the markets go higher? What kind of good news do you expect to see? Are earnings, and consequently P/E ratios improving? If you’re looking to the legislature to move the markets, you clearly don’t understand the system.
Capitol Hill taking up Mark-to-market issue next week- I predict relief for the banks …I believe we are setting up for a bear market " mini-rally" to low to mid 8000’s…not next week, but next couple of months.
Now, i need to go to the liquor store and pick up more Patron, I finished it off this week! "The taxpayer: That's someone who works for the federal government but doesn't have to take the civil service examination."- Ronald ReaganI know we have to be getting close to a bottom. A client called yesterday(educated women, retired HS Principal) in the AM and wanted to take all her money(550k) out of her account and convert it all to silver and gold coins and keep it in her house. She thinks the Gov’t is going to collapse…I told her to make sure she also purchased a shotgun because if it did fail I’d be coming for that Gold. You can’t make this stuff up.
Hell, she may have the right idea. Thank goodness my in-laws have a jewelry store and we have gold and silver out the wazoo.
CNN yesterday (or was it CNBC, dont remember), was talking about the large increase in sales of guns across the country, and relating it to the economic crisis.
What a bunch of horsesh*t, do they actually thing they are doing the public a service with this kind of reporting?
Guns and safes…the 2 best selling items right now across the U.S. Good sign of capitulation.
Where will we be at the end of next week? One week closer to midterm elections which is something like 19 months away. Can't come soon enough.I know we have to be getting close to a bottom. A client called yesterday(educated women, retired HS Principal) in the AM and wanted to take all her money(550k) out of her account and convert it all to silver and gold coins and keep it in her house. She thinks the Gov’t is going to collapse…I told her to make sure she also purchased a shotgun because if it did fail I’d be coming for that Gold. You can’t make this stuff up.
How do you know that we have to be getting close to a bottom? Perhaps you shouldn't rely upon anecdotal evidence from retired school administrators.
[quote=Philo Kvetch] [quote=SFEZ] Market clearly wanted to rally Friday…and, even with, awful revisions to last month’s numbers still finished higher…We should go higher this week, maybe into Thursday, when Congress looks into what they can do to deal with mark to market pricing… I like your 7500 call…
[/quote]
Why should the markets go higher? What kind of good news do you expect to see? Are earnings, and consequently P/E ratios improving? If you’re looking to the legislature to move the markets, you clearly don’t understand the system.[/quote]
I expect to see rumors that Congress will consider temporarily eliminating mark-to-market…Even if this turns out to be BS, it could rally the markets short term…
The question was where the market could end up this Friday…not at year end…
And…in reality, some of the fear of where they (government/Congress) are heading and the lack of clarity are moving the markets (downward), so if you think governmental policy and the legislature have nothing to do with the markets, I disagree…and would be surprised if you really think the legislature has nothing to do with moving the markets.
How do you know that we have to be getting close to a bottom? Perhaps you shouldn’t rely upon anecdotal evidence from retired school administrators.[/quote]
Your screenname alone is enough to keep it light!
No offense - just kidding, er…just trying to keep it light.
But believe it or not, i actually thought the same thing to myself yesterday at the close - think about it - what more can they do to us that hasnt already been done!? BRING IT ON.
Cramer already called it. Dow 5320!! Whew, I have been waiting on that. Finally a bottom. I am slinging limit orders like a MF monday morning. Thanks Cramer!!! You have saved us all!
He is so bad its amazing, only thing I wonder with him is how much money he has made off that show from the CEO's coming on there and pumping their BK companies as "strong as oak" just weeks before the lights go out. Do think 1/2 the DOW stocks are pretty much worthless as he does in his summary, but the good news if we do go to 5000 or so, Cramer will be off the airCramer already called it. Dow 5320!! Whew, I have been waiting on that. Finally a bottom. I am slinging limit orders like a MF monday morning. Thanks Cramer!!! You have saved us all!
[quote=BukiRob] Boys and Girls, welcome to the Great Depression. What is getting ZERO play is what happens when both Soverign banks unwind US treasuries to cover loan loss provisions. Countries will be faced with either liquidating assets are creating inflation by printing money. The first thing to go will be assets. As this mess unwinds the fall boy will be the US economy. The market is in a free fall and at this level 5800-6000 is the next stop. If we fail to hold that level can you say welcome to Dow 3500?
Ive been in the business 15 years and it is VERY likely that the Dow will bottom where it was when I started in this business…
I want to cry[/quote]
How’s that workin for ya?
[quote=etj4588] My client, who has a remarkable history for being right about the markets, told me today that he expects to see the Dow at 4800 before this is all over.
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Remarkable.
[quote=Cowboy93] [quote=etj4588] My client, who has a remarkable history for being right about the markets, told me today that he expects to see the Dow at 4800 before this is all over.
[/quote]
Remarkable.[/quote]
let us know what else this client is saying so we can do the opposite