DOW is at 8700 and dropping fast!

[Coronita]

[quote=stockstradr]F__k ’em all.

I’m buying, lots of stock into today’s decline.[/quote]

I wouldn’t. You’ve already bought yesterday in a down market.

There is no more stimulas top prop up the markets in the short term.

Bailout bill, done.
Interest rate cut, done.
40 billion more to aig, done.
Short sell ban lifted, done.
Bank ownership by fed, publici2d.

There are no magic bunnies to pull out of the hat in the short term.

Hang on to your jobs and cash folks, the next couple of months are gonna be rough.

Layoffs pending. Those waiting for home crash in nicer parts of town. Your gonna get it.

[lonestar2000]

Seems to have stabilized a bit around a 7% decline, it is hovering around 8570 now.

The Fed has one bullet left, drop rates to 0, it *almost* worked for the Japanese. 😛

It looks like a lot of sheep took Jim Cramer up on his advice on selling out. I don’t think we’re quite at catipulation just yet, as there are still a lot of managed accounts trying to hold on (plus we’ve only had one New Yorker take his life), but we’re on the brink.

[lonestar2000]

Seems to have stabilized a bit around a 7% decline, it is hovering around 8570 now.

The Fed has one bullet left, drop rates to 0, it *almost* worked for the Japanese. 😛

It looks like a lot of sheep took Jim Cramer up on his advice on selling out. I don’t think we’re quite at catipulation just yet, as there are still a lot of managed accounts trying to hold on (plus we’ve only had one New Yorker take his life), but we’re on the brink.

[lonestar2000]

Seems to have stabilized a bit around a 7% decline, it is hovering around 8570 now.

The Fed has one bullet left, drop rates to 0, it *almost* worked for the Japanese. 😛

It looks like a lot of sheep took Jim Cramer up on his advice on selling out. I don’t think we’re quite at catipulation just yet, as there are still a lot of managed accounts trying to hold on (plus we’ve only had one New Yorker take his life), but we’re on the brink.

[lonestar2000]

Seems to have stabilized a bit around a 7% decline, it is hovering around 8570 now.

The Fed has one bullet left, drop rates to 0, it *almost* worked for the Japanese. 😛

It looks like a lot of sheep took Jim Cramer up on his advice on selling out. I don’t think we’re quite at catipulation just yet, as there are still a lot of managed accounts trying to hold on (plus we’ve only had one New Yorker take his life), but we’re on the brink.

[lonestar2000]

Seems to have stabilized a bit around a 7% decline, it is hovering around 8570 now.

The Fed has one bullet left, drop rates to 0, it *almost* worked for the Japanese. 😛

It looks like a lot of sheep took Jim Cramer up on his advice on selling out. I don’t think we’re quite at catipulation just yet, as there are still a lot of managed accounts trying to hold on (plus we’ve only had one New Yorker take his life), but we’re on the brink.

[Eugene]

Bailout bill is passed, but it will be at least a month till anything happens.

TED spread is still near all-time high, and carry trade is still completely unwound – credit panic has not subsided. Buying stakes in banks and buying bad debt would help to stabilize situation.

We’re still facing a recession and my long-term stance on equities is bearish, until either the dollar index gets back below 75 or there’s a clear Case-Shiller bottom. Short term I think that the market is oversold.

[Eugene]

Bailout bill is passed, but it will be at least a month till anything happens.

TED spread is still near all-time high, and carry trade is still completely unwound – credit panic has not subsided. Buying stakes in banks and buying bad debt would help to stabilize situation.

We’re still facing a recession and my long-term stance on equities is bearish, until either the dollar index gets back below 75 or there’s a clear Case-Shiller bottom. Short term I think that the market is oversold.

[Eugene]

Bailout bill is passed, but it will be at least a month till anything happens.

TED spread is still near all-time high, and carry trade is still completely unwound – credit panic has not subsided. Buying stakes in banks and buying bad debt would help to stabilize situation.

We’re still facing a recession and my long-term stance on equities is bearish, until either the dollar index gets back below 75 or there’s a clear Case-Shiller bottom. Short term I think that the market is oversold.

[Eugene]

Bailout bill is passed, but it will be at least a month till anything happens.

TED spread is still near all-time high, and carry trade is still completely unwound – credit panic has not subsided. Buying stakes in banks and buying bad debt would help to stabilize situation.

We’re still facing a recession and my long-term stance on equities is bearish, until either the dollar index gets back below 75 or there’s a clear Case-Shiller bottom. Short term I think that the market is oversold.

[Eugene]

Bailout bill is passed, but it will be at least a month till anything happens.

TED spread is still near all-time high, and carry trade is still completely unwound – credit panic has not subsided. Buying stakes in banks and buying bad debt would help to stabilize situation.

We’re still facing a recession and my long-term stance on equities is bearish, until either the dollar index gets back below 75 or there’s a clear Case-Shiller bottom. Short term I think that the market is oversold.

[Coronita]

[quote=lonestar2000]Seems to have stabilized a bit around a 7% decline, it is hovering around 8570 now.

The Fed has one bullet left, drop rates to 0, it *almost* worked for the Japanese. 😛

It looks like a lot of sheep took Jim Cramer up on his advice on selling out. I don’t think we’re quite at catipulation just yet, as there are still a lot of managed accounts trying to hold on (plus we’ve only had one New Yorker take his life), but we’re on the brink.[/quote]

Yes, but it aint gonna happen in the short term(interest rate cut to 0). That bullet will be used one we start seeing things get worse.

There is no other good pill in the short short term.

Guess its a buy and hold strategy right now. I’m sure there will be a day when we look back at this and say 8600 was a cheap time to enter. 🙂

[Coronita]

[quote=lonestar2000]Seems to have stabilized a bit around a 7% decline, it is hovering around 8570 now.

The Fed has one bullet left, drop rates to 0, it *almost* worked for the Japanese. 😛

It looks like a lot of sheep took Jim Cramer up on his advice on selling out. I don’t think we’re quite at catipulation just yet, as there are still a lot of managed accounts trying to hold on (plus we’ve only had one New Yorker take his life), but we’re on the brink.[/quote]

Yes, but it aint gonna happen in the short term(interest rate cut to 0). That bullet will be used one we start seeing things get worse.

There is no other good pill in the short short term.

Guess its a buy and hold strategy right now. I’m sure there will be a day when we look back at this and say 8600 was a cheap time to enter. 🙂

[Coronita]

[quote=lonestar2000]Seems to have stabilized a bit around a 7% decline, it is hovering around 8570 now.

The Fed has one bullet left, drop rates to 0, it *almost* worked for the Japanese. 😛

It looks like a lot of sheep took Jim Cramer up on his advice on selling out. I don’t think we’re quite at catipulation just yet, as there are still a lot of managed accounts trying to hold on (plus we’ve only had one New Yorker take his life), but we’re on the brink.[/quote]

Yes, but it aint gonna happen in the short term(interest rate cut to 0). That bullet will be used one we start seeing things get worse.

There is no other good pill in the short short term.

Guess its a buy and hold strategy right now. I’m sure there will be a day when we look back at this and say 8600 was a cheap time to enter. 🙂

[Coronita]

[quote=lonestar2000]Seems to have stabilized a bit around a 7% decline, it is hovering around 8570 now.

The Fed has one bullet left, drop rates to 0, it *almost* worked for the Japanese. 😛

It looks like a lot of sheep took Jim Cramer up on his advice on selling out. I don’t think we’re quite at catipulation just yet, as there are still a lot of managed accounts trying to hold on (plus we’ve only had one New Yorker take his life), but we’re on the brink.[/quote]

Yes, but it aint gonna happen in the short term(interest rate cut to 0). That bullet will be used one we start seeing things get worse.

There is no other good pill in the short short term.

Guess its a buy and hold strategy right now. I’m sure there will be a day when we look back at this and say 8600 was a cheap time to enter. 🙂

[Author]

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