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October 15, 2008 at 4:46 PM in reply to: October 21st – a date to be remembered as when the floor falls out #287728October 15, 2008 at 4:46 PM in reply to: October 21st – a date to be remembered as when the floor falls out #288030
lonestar2000
Participant[quote=Enorah]Wait. I thought I read that last week’s craziness was a result of the fall-out from Lehman Brothers and then the fall out from Wamu was supposed to be in 2 weeks time.
[/quote]
The first shoe to drop was when Lehman filed for bankruptcy, but the 21st is when their CDS settlements will be announced, and nobody yet knows just how big they will be. That is the problem, it could be a minor nuisance, or it could be a disaster, compounding the problem to such a degree that the entire system will simply collapse under the strain, resulting in catipulation. I wonder what Bernenke and Paulson have cooking to avert this disaster.
October 15, 2008 at 4:46 PM in reply to: October 21st – a date to be remembered as when the floor falls out #288044lonestar2000
Participant[quote=Enorah]Wait. I thought I read that last week’s craziness was a result of the fall-out from Lehman Brothers and then the fall out from Wamu was supposed to be in 2 weeks time.
[/quote]
The first shoe to drop was when Lehman filed for bankruptcy, but the 21st is when their CDS settlements will be announced, and nobody yet knows just how big they will be. That is the problem, it could be a minor nuisance, or it could be a disaster, compounding the problem to such a degree that the entire system will simply collapse under the strain, resulting in catipulation. I wonder what Bernenke and Paulson have cooking to avert this disaster.
October 15, 2008 at 4:46 PM in reply to: October 21st – a date to be remembered as when the floor falls out #288072lonestar2000
Participant[quote=Enorah]Wait. I thought I read that last week’s craziness was a result of the fall-out from Lehman Brothers and then the fall out from Wamu was supposed to be in 2 weeks time.
[/quote]
The first shoe to drop was when Lehman filed for bankruptcy, but the 21st is when their CDS settlements will be announced, and nobody yet knows just how big they will be. That is the problem, it could be a minor nuisance, or it could be a disaster, compounding the problem to such a degree that the entire system will simply collapse under the strain, resulting in catipulation. I wonder what Bernenke and Paulson have cooking to avert this disaster.
October 15, 2008 at 4:46 PM in reply to: October 21st – a date to be remembered as when the floor falls out #288076lonestar2000
Participant[quote=Enorah]Wait. I thought I read that last week’s craziness was a result of the fall-out from Lehman Brothers and then the fall out from Wamu was supposed to be in 2 weeks time.
[/quote]
The first shoe to drop was when Lehman filed for bankruptcy, but the 21st is when their CDS settlements will be announced, and nobody yet knows just how big they will be. That is the problem, it could be a minor nuisance, or it could be a disaster, compounding the problem to such a degree that the entire system will simply collapse under the strain, resulting in catipulation. I wonder what Bernenke and Paulson have cooking to avert this disaster.
lonestar2000
ParticipantAye, I’ve been all over ElliotWave (getting their free newsletter daily but not yet a subscriber) and many other analysis sites for some time now. Also receive John Mauldin’s newsletter daily (excellent analsysis).
One picture that is emerging in my mind is that all this intervention is having havok on a lot of these theories and market analysis tools, many of them go off normal market condition algorhythims that aren’t a good fit for up to 10% variations through a given day.
The indications I’m seeing is that the overall trend is still bearish, but there will be soft bottoms and one or two day rallies to fool the clueless.
Thoughts?
lonestar2000
ParticipantAye, I’ve been all over ElliotWave (getting their free newsletter daily but not yet a subscriber) and many other analysis sites for some time now. Also receive John Mauldin’s newsletter daily (excellent analsysis).
One picture that is emerging in my mind is that all this intervention is having havok on a lot of these theories and market analysis tools, many of them go off normal market condition algorhythims that aren’t a good fit for up to 10% variations through a given day.
The indications I’m seeing is that the overall trend is still bearish, but there will be soft bottoms and one or two day rallies to fool the clueless.
Thoughts?
lonestar2000
ParticipantAye, I’ve been all over ElliotWave (getting their free newsletter daily but not yet a subscriber) and many other analysis sites for some time now. Also receive John Mauldin’s newsletter daily (excellent analsysis).
One picture that is emerging in my mind is that all this intervention is having havok on a lot of these theories and market analysis tools, many of them go off normal market condition algorhythims that aren’t a good fit for up to 10% variations through a given day.
The indications I’m seeing is that the overall trend is still bearish, but there will be soft bottoms and one or two day rallies to fool the clueless.
Thoughts?
lonestar2000
ParticipantAye, I’ve been all over ElliotWave (getting their free newsletter daily but not yet a subscriber) and many other analysis sites for some time now. Also receive John Mauldin’s newsletter daily (excellent analsysis).
One picture that is emerging in my mind is that all this intervention is having havok on a lot of these theories and market analysis tools, many of them go off normal market condition algorhythims that aren’t a good fit for up to 10% variations through a given day.
The indications I’m seeing is that the overall trend is still bearish, but there will be soft bottoms and one or two day rallies to fool the clueless.
Thoughts?
lonestar2000
ParticipantAye, I’ve been all over ElliotWave (getting their free newsletter daily but not yet a subscriber) and many other analysis sites for some time now. Also receive John Mauldin’s newsletter daily (excellent analsysis).
One picture that is emerging in my mind is that all this intervention is having havok on a lot of these theories and market analysis tools, many of them go off normal market condition algorhythims that aren’t a good fit for up to 10% variations through a given day.
The indications I’m seeing is that the overall trend is still bearish, but there will be soft bottoms and one or two day rallies to fool the clueless.
Thoughts?
October 14, 2008 at 1:16 PM in reply to: Cramer predicts DOW 4700 by Tuesday (1995ish levels) #287234lonestar2000
Participant[quote=stockstradr]I will trip if it turns out THAT was the Fool’s Rally.
I cannot believe markets are now headed down much lower. I think this Fool’s Rally has gotta have more get-up-and-go.
But, yah know, the reason i dumped all stocks this morning is that a quick calculation showed this Fool’s Rally had already achieved OVER 20% dead-cat-bounce, relative to last week’s lows. That’s quite a bounce for a dead cat.
So you can’t say this hasn’t been a significant Fool’s Rally.[/quote]
It looks like the rally is already running out of steam, the indexes are down at least a percentage acorss the board as of this writing. I’m staying in cash for now.
October 14, 2008 at 1:16 PM in reply to: Cramer predicts DOW 4700 by Tuesday (1995ish levels) #287533lonestar2000
Participant[quote=stockstradr]I will trip if it turns out THAT was the Fool’s Rally.
I cannot believe markets are now headed down much lower. I think this Fool’s Rally has gotta have more get-up-and-go.
But, yah know, the reason i dumped all stocks this morning is that a quick calculation showed this Fool’s Rally had already achieved OVER 20% dead-cat-bounce, relative to last week’s lows. That’s quite a bounce for a dead cat.
So you can’t say this hasn’t been a significant Fool’s Rally.[/quote]
It looks like the rally is already running out of steam, the indexes are down at least a percentage acorss the board as of this writing. I’m staying in cash for now.
October 14, 2008 at 1:16 PM in reply to: Cramer predicts DOW 4700 by Tuesday (1995ish levels) #287550lonestar2000
Participant[quote=stockstradr]I will trip if it turns out THAT was the Fool’s Rally.
I cannot believe markets are now headed down much lower. I think this Fool’s Rally has gotta have more get-up-and-go.
But, yah know, the reason i dumped all stocks this morning is that a quick calculation showed this Fool’s Rally had already achieved OVER 20% dead-cat-bounce, relative to last week’s lows. That’s quite a bounce for a dead cat.
So you can’t say this hasn’t been a significant Fool’s Rally.[/quote]
It looks like the rally is already running out of steam, the indexes are down at least a percentage acorss the board as of this writing. I’m staying in cash for now.
October 14, 2008 at 1:16 PM in reply to: Cramer predicts DOW 4700 by Tuesday (1995ish levels) #287577lonestar2000
Participant[quote=stockstradr]I will trip if it turns out THAT was the Fool’s Rally.
I cannot believe markets are now headed down much lower. I think this Fool’s Rally has gotta have more get-up-and-go.
But, yah know, the reason i dumped all stocks this morning is that a quick calculation showed this Fool’s Rally had already achieved OVER 20% dead-cat-bounce, relative to last week’s lows. That’s quite a bounce for a dead cat.
So you can’t say this hasn’t been a significant Fool’s Rally.[/quote]
It looks like the rally is already running out of steam, the indexes are down at least a percentage acorss the board as of this writing. I’m staying in cash for now.
October 14, 2008 at 1:16 PM in reply to: Cramer predicts DOW 4700 by Tuesday (1995ish levels) #287581lonestar2000
Participant[quote=stockstradr]I will trip if it turns out THAT was the Fool’s Rally.
I cannot believe markets are now headed down much lower. I think this Fool’s Rally has gotta have more get-up-and-go.
But, yah know, the reason i dumped all stocks this morning is that a quick calculation showed this Fool’s Rally had already achieved OVER 20% dead-cat-bounce, relative to last week’s lows. That’s quite a bounce for a dead cat.
So you can’t say this hasn’t been a significant Fool’s Rally.[/quote]
It looks like the rally is already running out of steam, the indexes are down at least a percentage acorss the board as of this writing. I’m staying in cash for now.
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