Employment is down and so is early stock trading ` 200+ points….

[HereWeGo]

might be up more tomorrow, nostradamus. E-Trade just released a brutal earnings statement: link

If the story gets out that prime HELOC loans are beginning to sour, ouch.

[(former)FormerSanDiegan]

If I were you I would take my 10-15% + and look for another re-entry point. But then again I’m no Nostradamus.

[(former)FormerSanDiegan]

If I were you I would take my 10-15% + and look for another re-entry point. But then again I’m no Nostradamus.

[NotCranky]

Good job Nostradamus.

[NotCranky]

Good job Nostradamus.

[nostradamus]

Thanks guys (or gals?). FormerSanDiegan, good call. I cashed out up 13.8% overall and am now looking for a new entry point. I’m sure we’ll have another bottom-feeder mini-rally today.

[nostradamus]

Thanks guys (or gals?). FormerSanDiegan, good call. I cashed out up 13.8% overall and am now looking for a new entry point. I’m sure we’ll have another bottom-feeder mini-rally today.

[cr]

Well, you did pretty good, but look at the drop today!

Stocks Plunge Nearly 375 on Recession Fears

14,100 to 13,500 in 5 days. What will the bulls say to that?

[cr]

Well, you did pretty good, but look at the drop today!

Stocks Plunge Nearly 375 on Recession Fears

14,100 to 13,500 in 5 days. What will the bulls say to that?

[NotCranky]

What will the bulls say to that?

Moo-hoo! Boo-moo-hoo!

[NotCranky]

What will the bulls say to that?

Moo-hoo! Boo-moo-hoo!

[nostradamus]

Yes cooprider, I would have made $300 more if I held out until today, but there’s always tomorrow and I’m sure we’ll see lots more mini-rallies followed by mega-corrections. It’s a shorter’s paradise out there.

I still can’t complain with 3 grand in hand after only 10 days. I bought myself a new HD camcorder with 1/3 of my take and will re-invest (short) the other 2/3 after the next mini-rally (go bulls! snatch up those ‘bargains’).

[nostradamus]

Yes cooprider, I would have made $300 more if I held out until today, but there’s always tomorrow and I’m sure we’ll see lots more mini-rallies followed by mega-corrections. It’s a shorter’s paradise out there.

I still can’t complain with 3 grand in hand after only 10 days. I bought myself a new HD camcorder with 1/3 of my take and will re-invest (short) the other 2/3 after the next mini-rally (go bulls! snatch up those ‘bargains’).

[cr]

Nostra-
Hindsight is always 20/20 but you can’t be too unhappy with those gains. I’m getting ready to start doing some trading on my own and was wondering what broker you use, and how you like them?

On the DOW, it sounds like the bulls are all but guaranteeing a FED rate cut the end of the month, which to me is pathetic. These guys are so short-sighted to think that is the answer, when we know the fallout will be higher prices, higher core and actual inflation, which will lead to decreased spending and further weakening the dollar.

Why not raise rates, flush this “credit crunch” out and give people some incentive to put money back in US savings? Meh, that’s too logical.

[cr]

Nostra-
Hindsight is always 20/20 but you can’t be too unhappy with those gains. I’m getting ready to start doing some trading on my own and was wondering what broker you use, and how you like them?

On the DOW, it sounds like the bulls are all but guaranteeing a FED rate cut the end of the month, which to me is pathetic. These guys are so short-sighted to think that is the answer, when we know the fallout will be higher prices, higher core and actual inflation, which will lead to decreased spending and further weakening the dollar.

Why not raise rates, flush this “credit crunch” out and give people some incentive to put money back in US savings? Meh, that’s too logical.

[Author]

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