My prediction: DOW -500 tomorrow Tuesday Jan 22, 08….

[drunkle]

thanks for the etf…

yeah, i woke up too late to miss the day’s bounce (for either dia or china) so now i’m going to wait to the end of the day. if the dow holds it’s bounce, i’m going to bet china goes up. if the bounce fizzles, then i’m only going to bet a small amount on china.

i’m also thinking the “stimulus package” will probably amount to a 100 bil injection into china’s market…

edit: holy handgrenades, batman, the premium is stiff… it had already doubled (feb 150 call) from 4.10 this am to currently 8.90… ish.

[robson]

looks like apple sees a recession too

[robson]

looks like apple sees a recession too

[robson]

looks like apple sees a recession too

[robson]

looks like apple sees a recession too

[robson]

looks like apple sees a recession too

[HereWeGo]

If the Appleonians are sandbagging again, they deserve to get whacked.

[HereWeGo]

If the Appleonians are sandbagging again, they deserve to get whacked.

[HereWeGo]

If the Appleonians are sandbagging again, they deserve to get whacked.

[HereWeGo]

If the Appleonians are sandbagging again, they deserve to get whacked.

[HereWeGo]

If the Appleonians are sandbagging again, they deserve to get whacked.

[davelj]

I was on a plane for most of the day so I just got a review of the action.

From my first post in this thread: “I hope you’re right [the market declines big]. I just fear candy and cake (re: “surprise” rate cut) from Uncle Ben.”

Well, just as I suspected. Uncle Ben hands out more candy because God forbid anyone should lose some money or we should have a recession. Now, both of those things are going to happen going forward anyway, but at least the kiddies can pretend for another month that they won’t.

I actually thought the “surprise” cut would come tomorrow (Wednesday), after the market tanked 5% or so today. I thought maybe, just maybe, that Ben would think, “Let the children suffer just a little bit to remind them that bad things can happen sometimes.” But no. Too much to ask.

Given the 75 bps rate cut I’m actually surprised that we didn’t close in positive territory today. After all, I believe that this is the first time in the history of the Fed that (a) rates have been cut by more than 50 bps at one time, and (b) that an intra-meeting rate cut has been greater than 50 bps. It surprises me that that didn’t get the kids more hot and bothered – today’s market close was a Bronx Cheer. In my view, it shows how serious the problems are.

Shoes that will be dropping over the next 6-12 months that are not fully priced into stocks include: (1) Problems in Credit Card Land, (2) Problems in Commercial Real Estate Land, (3) Problems in Leveraged Lending Land, and (4) Recession, with all that implies. But at least we’re moving in the right direction.

[davelj]

I was on a plane for most of the day so I just got a review of the action.

From my first post in this thread: “I hope you’re right [the market declines big]. I just fear candy and cake (re: “surprise” rate cut) from Uncle Ben.”

Well, just as I suspected. Uncle Ben hands out more candy because God forbid anyone should lose some money or we should have a recession. Now, both of those things are going to happen going forward anyway, but at least the kiddies can pretend for another month that they won’t.

I actually thought the “surprise” cut would come tomorrow (Wednesday), after the market tanked 5% or so today. I thought maybe, just maybe, that Ben would think, “Let the children suffer just a little bit to remind them that bad things can happen sometimes.” But no. Too much to ask.

Given the 75 bps rate cut I’m actually surprised that we didn’t close in positive territory today. After all, I believe that this is the first time in the history of the Fed that (a) rates have been cut by more than 50 bps at one time, and (b) that an intra-meeting rate cut has been greater than 50 bps. It surprises me that that didn’t get the kids more hot and bothered – today’s market close was a Bronx Cheer. In my view, it shows how serious the problems are.

Shoes that will be dropping over the next 6-12 months that are not fully priced into stocks include: (1) Problems in Credit Card Land, (2) Problems in Commercial Real Estate Land, (3) Problems in Leveraged Lending Land, and (4) Recession, with all that implies. But at least we’re moving in the right direction.

[davelj]

I was on a plane for most of the day so I just got a review of the action.

From my first post in this thread: “I hope you’re right [the market declines big]. I just fear candy and cake (re: “surprise” rate cut) from Uncle Ben.”

Well, just as I suspected. Uncle Ben hands out more candy because God forbid anyone should lose some money or we should have a recession. Now, both of those things are going to happen going forward anyway, but at least the kiddies can pretend for another month that they won’t.

I actually thought the “surprise” cut would come tomorrow (Wednesday), after the market tanked 5% or so today. I thought maybe, just maybe, that Ben would think, “Let the children suffer just a little bit to remind them that bad things can happen sometimes.” But no. Too much to ask.

Given the 75 bps rate cut I’m actually surprised that we didn’t close in positive territory today. After all, I believe that this is the first time in the history of the Fed that (a) rates have been cut by more than 50 bps at one time, and (b) that an intra-meeting rate cut has been greater than 50 bps. It surprises me that that didn’t get the kids more hot and bothered – today’s market close was a Bronx Cheer. In my view, it shows how serious the problems are.

Shoes that will be dropping over the next 6-12 months that are not fully priced into stocks include: (1) Problems in Credit Card Land, (2) Problems in Commercial Real Estate Land, (3) Problems in Leveraged Lending Land, and (4) Recession, with all that implies. But at least we’re moving in the right direction.

[davelj]

I was on a plane for most of the day so I just got a review of the action.

From my first post in this thread: “I hope you’re right [the market declines big]. I just fear candy and cake (re: “surprise” rate cut) from Uncle Ben.”

Well, just as I suspected. Uncle Ben hands out more candy because God forbid anyone should lose some money or we should have a recession. Now, both of those things are going to happen going forward anyway, but at least the kiddies can pretend for another month that they won’t.

I actually thought the “surprise” cut would come tomorrow (Wednesday), after the market tanked 5% or so today. I thought maybe, just maybe, that Ben would think, “Let the children suffer just a little bit to remind them that bad things can happen sometimes.” But no. Too much to ask.

Given the 75 bps rate cut I’m actually surprised that we didn’t close in positive territory today. After all, I believe that this is the first time in the history of the Fed that (a) rates have been cut by more than 50 bps at one time, and (b) that an intra-meeting rate cut has been greater than 50 bps. It surprises me that that didn’t get the kids more hot and bothered – today’s market close was a Bronx Cheer. In my view, it shows how serious the problems are.

Shoes that will be dropping over the next 6-12 months that are not fully priced into stocks include: (1) Problems in Credit Card Land, (2) Problems in Commercial Real Estate Land, (3) Problems in Leveraged Lending Land, and (4) Recession, with all that implies. But at least we’re moving in the right direction.

[Author]

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