Dow flirting with 12,000 – the market has everyone’s attention…

[LA_Renter]

I did the same thing as Raybyrnes, I moved the majority of my 401K into cash and bond funds to lock in gains. My asset allocation is going right back into the market S&P type index funds, energy and natural resources, company stock and International. I played the SDS last year and got my hat handed to me, bucked up and went back in Dec, glad I did I guess I was year too early last year.

What are people’s thoughts on a big scale capitulation in the near future. IMO if one were to happen it would be triggered by the current turmoil in the monolines. MBI and ABK are basically being priced for BK (why didn’t I get those puts??). This counterparty risk thing is pretty significant. My gut is telling me we haven’t seen the real fireworks here.

[stockstradr]

Even bears like me are losing money. I bought the S&P500 long yesterday after the market dropped 1%. I figured it was oversold. I was wrong. I lost a few grand in four hours of trading.

This market is scary. Nobody expected the markets would reach THIS level only three weeks into the year. The damn S&P500 is within striking distance of 1300. Unbelievable.

Don’t short oil they say?

I’m now UP 10% on that bet.

[stockstradr]

Even bears like me are losing money. I bought the S&P500 long yesterday after the market dropped 1%. I figured it was oversold. I was wrong. I lost a few grand in four hours of trading.

This market is scary. Nobody expected the markets would reach THIS level only three weeks into the year. The damn S&P500 is within striking distance of 1300. Unbelievable.

Don’t short oil they say?

I’m now UP 10% on that bet.

[stockstradr]

Even bears like me are losing money. I bought the S&P500 long yesterday after the market dropped 1%. I figured it was oversold. I was wrong. I lost a few grand in four hours of trading.

This market is scary. Nobody expected the markets would reach THIS level only three weeks into the year. The damn S&P500 is within striking distance of 1300. Unbelievable.

Don’t short oil they say?

I’m now UP 10% on that bet.

[stockstradr]

Even bears like me are losing money. I bought the S&P500 long yesterday after the market dropped 1%. I figured it was oversold. I was wrong. I lost a few grand in four hours of trading.

This market is scary. Nobody expected the markets would reach THIS level only three weeks into the year. The damn S&P500 is within striking distance of 1300. Unbelievable.

Don’t short oil they say?

I’m now UP 10% on that bet.

[stockstradr]

Even bears like me are losing money. I bought the S&P500 long yesterday after the market dropped 1%. I figured it was oversold. I was wrong. I lost a few grand in four hours of trading.

This market is scary. Nobody expected the markets would reach THIS level only three weeks into the year. The damn S&P500 is within striking distance of 1300. Unbelievable.

Don’t short oil they say?

I’m now UP 10% on that bet.

[Raybyrnes]

Here’s what is pricking me. The subprime market started tanking and I questioned why these stocks are tanking and Student Loan Companies like Sallie mae(SLM) Nelnet(nni) and Studdnt Loan Corp (STU)were still plugging away. All of these lenders are placing riskier bets on a student paying you back on a private loans with 0 collateral behind it.

At the same time credit card companies were holding up aswell. Capital One (COF) american Xpress (AXP) and Car companies such as ford, chevy and Toyota who likewise are collateralizing loan pools based on the ability to repay.

I’m kicking myself because the sub prime gave a clear indication of the valuation in these other industries. Canary in the Coal Mine. Rather than ssaying that the Sub Prime was an anomally to other financial market it should ahve been an easy extrapalation that these other market were due to collapse.

WOuld have been an easy deal to begin accumulating short posiotn on these types of companies.

[Raybyrnes]

Here’s what is pricking me. The subprime market started tanking and I questioned why these stocks are tanking and Student Loan Companies like Sallie mae(SLM) Nelnet(nni) and Studdnt Loan Corp (STU)were still plugging away. All of these lenders are placing riskier bets on a student paying you back on a private loans with 0 collateral behind it.

At the same time credit card companies were holding up aswell. Capital One (COF) american Xpress (AXP) and Car companies such as ford, chevy and Toyota who likewise are collateralizing loan pools based on the ability to repay.

I’m kicking myself because the sub prime gave a clear indication of the valuation in these other industries. Canary in the Coal Mine. Rather than ssaying that the Sub Prime was an anomally to other financial market it should ahve been an easy extrapalation that these other market were due to collapse.

WOuld have been an easy deal to begin accumulating short posiotn on these types of companies.

[Raybyrnes]

Here’s what is pricking me. The subprime market started tanking and I questioned why these stocks are tanking and Student Loan Companies like Sallie mae(SLM) Nelnet(nni) and Studdnt Loan Corp (STU)were still plugging away. All of these lenders are placing riskier bets on a student paying you back on a private loans with 0 collateral behind it.

At the same time credit card companies were holding up aswell. Capital One (COF) american Xpress (AXP) and Car companies such as ford, chevy and Toyota who likewise are collateralizing loan pools based on the ability to repay.

I’m kicking myself because the sub prime gave a clear indication of the valuation in these other industries. Canary in the Coal Mine. Rather than ssaying that the Sub Prime was an anomally to other financial market it should ahve been an easy extrapalation that these other market were due to collapse.

WOuld have been an easy deal to begin accumulating short posiotn on these types of companies.

[Raybyrnes]

Here’s what is pricking me. The subprime market started tanking and I questioned why these stocks are tanking and Student Loan Companies like Sallie mae(SLM) Nelnet(nni) and Studdnt Loan Corp (STU)were still plugging away. All of these lenders are placing riskier bets on a student paying you back on a private loans with 0 collateral behind it.

At the same time credit card companies were holding up aswell. Capital One (COF) american Xpress (AXP) and Car companies such as ford, chevy and Toyota who likewise are collateralizing loan pools based on the ability to repay.

I’m kicking myself because the sub prime gave a clear indication of the valuation in these other industries. Canary in the Coal Mine. Rather than ssaying that the Sub Prime was an anomally to other financial market it should ahve been an easy extrapalation that these other market were due to collapse.

WOuld have been an easy deal to begin accumulating short posiotn on these types of companies.

[Raybyrnes]

Here’s what is pricking me. The subprime market started tanking and I questioned why these stocks are tanking and Student Loan Companies like Sallie mae(SLM) Nelnet(nni) and Studdnt Loan Corp (STU)were still plugging away. All of these lenders are placing riskier bets on a student paying you back on a private loans with 0 collateral behind it.

At the same time credit card companies were holding up aswell. Capital One (COF) american Xpress (AXP) and Car companies such as ford, chevy and Toyota who likewise are collateralizing loan pools based on the ability to repay.

I’m kicking myself because the sub prime gave a clear indication of the valuation in these other industries. Canary in the Coal Mine. Rather than ssaying that the Sub Prime was an anomally to other financial market it should ahve been an easy extrapalation that these other market were due to collapse.

WOuld have been an easy deal to begin accumulating short posiotn on these types of companies.

[Duck]

Bond insurers like Ambac and MBIA are the next shoe to drop. If they default, and it’s looking highly likely, then the banks and other’s with bonds they insure on their books could be facing writedowns that I’v been told will make CDO’s look like child’s play.

My only saving grace is that BRK just got into that business and with no bad loans on their books they might own that market for the foreseeable future. BRK has been up for the last few days.

Look for the Fed. Govt to step in soon. That $500 billion we’re spending in Iraq would do wonders here.

[Duck]

Bond insurers like Ambac and MBIA are the next shoe to drop. If they default, and it’s looking highly likely, then the banks and other’s with bonds they insure on their books could be facing writedowns that I’v been told will make CDO’s look like child’s play.

My only saving grace is that BRK just got into that business and with no bad loans on their books they might own that market for the foreseeable future. BRK has been up for the last few days.

Look for the Fed. Govt to step in soon. That $500 billion we’re spending in Iraq would do wonders here.

[Duck]

Bond insurers like Ambac and MBIA are the next shoe to drop. If they default, and it’s looking highly likely, then the banks and other’s with bonds they insure on their books could be facing writedowns that I’v been told will make CDO’s look like child’s play.

My only saving grace is that BRK just got into that business and with no bad loans on their books they might own that market for the foreseeable future. BRK has been up for the last few days.

Look for the Fed. Govt to step in soon. That $500 billion we’re spending in Iraq would do wonders here.

[Duck]

Bond insurers like Ambac and MBIA are the next shoe to drop. If they default, and it’s looking highly likely, then the banks and other’s with bonds they insure on their books could be facing writedowns that I’v been told will make CDO’s look like child’s play.

My only saving grace is that BRK just got into that business and with no bad loans on their books they might own that market for the foreseeable future. BRK has been up for the last few days.

Look for the Fed. Govt to step in soon. That $500 billion we’re spending in Iraq would do wonders here.

[Author]

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