DJIA INDEX -294

[stockstradr]

Regards Asian markets, take note that the Shanghai index is now about 2,000. Take note because the last bottom was about 1,000, back in mid-2005. Then it ran itself up to about 6,500 before walking off the cliff.

If you have access to trade the Shanghai index, that index is starting to look inexpensive. When it gets to 1,500 it is going to give me a hard on and I’m going to start spending some money on Chinese stocks.

Do note that the exchange was closed today I believe due to holiday.

[davelj]

[quote=TheBreeze]Holy cow! MER finished at $17.06. One cent higher than it closed on Friday despite the BAC bid at $29/shared. Effin’ amazing.[/quote]

That’s what happens when you use stock in a transaction instead of cash. If the resulting combination looks like a shit sandwich, then both companies’ stocks trade like toilet paper.

[davelj]

[quote=TheBreeze]Holy cow! MER finished at $17.06. One cent higher than it closed on Friday despite the BAC bid at $29/shared. Effin’ amazing.[/quote]

That’s what happens when you use stock in a transaction instead of cash. If the resulting combination looks like a shit sandwich, then both companies’ stocks trade like toilet paper.

[davelj]

[quote=TheBreeze]Holy cow! MER finished at $17.06. One cent higher than it closed on Friday despite the BAC bid at $29/shared. Effin’ amazing.[/quote]

That’s what happens when you use stock in a transaction instead of cash. If the resulting combination looks like a shit sandwich, then both companies’ stocks trade like toilet paper.

[davelj]

[quote=TheBreeze]Holy cow! MER finished at $17.06. One cent higher than it closed on Friday despite the BAC bid at $29/shared. Effin’ amazing.[/quote]

That’s what happens when you use stock in a transaction instead of cash. If the resulting combination looks like a shit sandwich, then both companies’ stocks trade like toilet paper.

[davelj]

[quote=TheBreeze]Holy cow! MER finished at $17.06. One cent higher than it closed on Friday despite the BAC bid at $29/shared. Effin’ amazing.[/quote]

That’s what happens when you use stock in a transaction instead of cash. If the resulting combination looks like a shit sandwich, then both companies’ stocks trade like toilet paper.

[equalizer]

It appeared to be capitulation, but I fear it wasn’t the bottom as usual. The VIX is only at 31. It was 37 on 1/22/08, and at previous bottoms the VIX went over 40.

Sure enough, Hulbert has same conclusion looking at market letter sentiment indicators which imply that many observers are not as bearish as they were in July.

http://www.marketwatch.com/news/story/did-mondays-stock-plunge-constitute/story.aspx?guid=%7B61C4BD70%2D7D76%2D420D%2D84F2%2D66951B8D9697%7D

http://www.cboe.com/micro/vix/historical.aspx

[equalizer]

It appeared to be capitulation, but I fear it wasn’t the bottom as usual. The VIX is only at 31. It was 37 on 1/22/08, and at previous bottoms the VIX went over 40.

Sure enough, Hulbert has same conclusion looking at market letter sentiment indicators which imply that many observers are not as bearish as they were in July.

http://www.marketwatch.com/news/story/did-mondays-stock-plunge-constitute/story.aspx?guid=%7B61C4BD70%2D7D76%2D420D%2D84F2%2D66951B8D9697%7D

http://www.cboe.com/micro/vix/historical.aspx

[equalizer]

It appeared to be capitulation, but I fear it wasn’t the bottom as usual. The VIX is only at 31. It was 37 on 1/22/08, and at previous bottoms the VIX went over 40.

Sure enough, Hulbert has same conclusion looking at market letter sentiment indicators which imply that many observers are not as bearish as they were in July.

http://www.marketwatch.com/news/story/did-mondays-stock-plunge-constitute/story.aspx?guid=%7B61C4BD70%2D7D76%2D420D%2D84F2%2D66951B8D9697%7D

http://www.cboe.com/micro/vix/historical.aspx

[equalizer]

It appeared to be capitulation, but I fear it wasn’t the bottom as usual. The VIX is only at 31. It was 37 on 1/22/08, and at previous bottoms the VIX went over 40.

Sure enough, Hulbert has same conclusion looking at market letter sentiment indicators which imply that many observers are not as bearish as they were in July.

http://www.marketwatch.com/news/story/did-mondays-stock-plunge-constitute/story.aspx?guid=%7B61C4BD70%2D7D76%2D420D%2D84F2%2D66951B8D9697%7D

http://www.cboe.com/micro/vix/historical.aspx

[equalizer]

It appeared to be capitulation, but I fear it wasn’t the bottom as usual. The VIX is only at 31. It was 37 on 1/22/08, and at previous bottoms the VIX went over 40.

Sure enough, Hulbert has same conclusion looking at market letter sentiment indicators which imply that many observers are not as bearish as they were in July.

http://www.marketwatch.com/news/story/did-mondays-stock-plunge-constitute/story.aspx?guid=%7B61C4BD70%2D7D76%2D420D%2D84F2%2D66951B8D9697%7D

http://www.cboe.com/micro/vix/historical.aspx

[tucker…]

cramers rant should have been 2008 sep
instead of 2007

[tucker…]

cramers rant should have been 2008 sep
instead of 2007

[tucker…]

cramers rant should have been 2008 sep
instead of 2007

[tucker…]

cramers rant should have been 2008 sep
instead of 2007

[Author]

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