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  • October 3, 2008 at 9:08 AM #14053
    stockstradr
    Participant

    I’ve gone massively LONG the markets yesterday and today. Now over 60% 2X leveraged LONG the S&P500 uying “SSO”and more so the NASDAQ, buying “QLD.” I’m gambling the bail out passes AND we get a nice kicker from a Fed Rate cut within weeks.

    Got a feeling we could see a substatial Fool’s Rally here, even going forward several weeks.

    Of course, the jobs numbers today sucked which hasn’t helped.

    So far today I’m up a couple percent on the portfolio overall (net) in 24 hours.

    October 3, 2008 at 10:09 AM #280030
    cr
    Participant

    [quote=stockstradr]Got a feeling we could see a substatial Fool’s Rally here, even going forward several weeks.[/quote]

    I tend to agree, but I can’t help but ask, then what?

    If you take every Fed rate cut from last year and tally up the gross rise in the S&P immediately thereafter, you get +15%.

    BUT – the S&P was actualy DOWN 15% during that same time.

    October 3, 2008 at 10:09 AM #280361
    cr
    Participant

    [quote=stockstradr]Got a feeling we could see a substatial Fool’s Rally here, even going forward several weeks.[/quote]

    I tend to agree, but I can’t help but ask, then what?

    If you take every Fed rate cut from last year and tally up the gross rise in the S&P immediately thereafter, you get +15%.

    BUT – the S&P was actualy DOWN 15% during that same time.

    October 3, 2008 at 10:09 AM #280349
    cr
    Participant

    [quote=stockstradr]Got a feeling we could see a substatial Fool’s Rally here, even going forward several weeks.[/quote]

    I tend to agree, but I can’t help but ask, then what?

    If you take every Fed rate cut from last year and tally up the gross rise in the S&P immediately thereafter, you get +15%.

    BUT – the S&P was actualy DOWN 15% during that same time.

    October 3, 2008 at 10:09 AM #280308
    cr
    Participant

    [quote=stockstradr]Got a feeling we could see a substatial Fool’s Rally here, even going forward several weeks.[/quote]

    I tend to agree, but I can’t help but ask, then what?

    If you take every Fed rate cut from last year and tally up the gross rise in the S&P immediately thereafter, you get +15%.

    BUT – the S&P was actualy DOWN 15% during that same time.

    October 3, 2008 at 10:09 AM #280301
    cr
    Participant

    [quote=stockstradr]Got a feeling we could see a substatial Fool’s Rally here, even going forward several weeks.[/quote]

    I tend to agree, but I can’t help but ask, then what?

    If you take every Fed rate cut from last year and tally up the gross rise in the S&P immediately thereafter, you get +15%.

    BUT – the S&P was actualy DOWN 15% during that same time.

    October 3, 2008 at 11:20 AM #280346
    stockstradr
    Participant

    Starting to look like that the PASSING of the bail out (+pork) package was already priced into the stock markets.

    October 3, 2008 at 11:20 AM #280075
    stockstradr
    Participant

    Starting to look like that the PASSING of the bail out (+pork) package was already priced into the stock markets.

    October 3, 2008 at 11:20 AM #280353
    stockstradr
    Participant

    Starting to look like that the PASSING of the bail out (+pork) package was already priced into the stock markets.

    October 3, 2008 at 11:20 AM #280406
    stockstradr
    Participant

    Starting to look like that the PASSING of the bail out (+pork) package was already priced into the stock markets.

    October 3, 2008 at 11:20 AM #280394
    stockstradr
    Participant

    Starting to look like that the PASSING of the bail out (+pork) package was already priced into the stock markets.

    October 3, 2008 at 11:50 AM #280422
    SD Transplant
    Participant

    By the current market reaction, the bailout bill was priced inappropriately because the gain from yesterday is gone (300 points) and then some (negative 57.35) as of 11:49 AM today.

    DOW (57.35) -0.55%

    FROM CNN MONEY: no link available – just a header

    BREAKING
    NEWSDow turns lower, erasing 300-point rally, after passage of $700 billion bailout plan. More soon.

    October 3, 2008 at 11:50 AM #280090
    SD Transplant
    Participant

    By the current market reaction, the bailout bill was priced inappropriately because the gain from yesterday is gone (300 points) and then some (negative 57.35) as of 11:49 AM today.

    DOW (57.35) -0.55%

    FROM CNN MONEY: no link available – just a header

    BREAKING
    NEWSDow turns lower, erasing 300-point rally, after passage of $700 billion bailout plan. More soon.

    October 3, 2008 at 11:50 AM #280362
    SD Transplant
    Participant

    By the current market reaction, the bailout bill was priced inappropriately because the gain from yesterday is gone (300 points) and then some (negative 57.35) as of 11:49 AM today.

    DOW (57.35) -0.55%

    FROM CNN MONEY: no link available – just a header

    BREAKING
    NEWSDow turns lower, erasing 300-point rally, after passage of $700 billion bailout plan. More soon.

    October 3, 2008 at 11:50 AM #280368
    SD Transplant
    Participant

    By the current market reaction, the bailout bill was priced inappropriately because the gain from yesterday is gone (300 points) and then some (negative 57.35) as of 11:49 AM today.

    DOW (57.35) -0.55%

    FROM CNN MONEY: no link available – just a header

    BREAKING
    NEWSDow turns lower, erasing 300-point rally, after passage of $700 billion bailout plan. More soon.

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