Recs
October 03, 2008 – Comments (11) | RELATED TICKERS: BF-A , MO
Monday, September 29, 2008: Bailout bill voted down in the House S&P 500 close: 1106.39 Friday, October 3, 2008: Bailout bill passed, signed into law S&P 500 close: 1099.23
Like I said before, the crash will happen regardless of whether the bailout happens.
Think the market is so skittish that it was more a buy on rumor sell on news event. We will never know what would have happened if the bill actually passed on Monday. We really need a few weeks on flat movement just to catch breath. I am somewhat concerned about Oct 8 with the short rule suspension being lifted. I really do think they should have coordinated that lifting with reinstituting of the uptick rule.
Yes it will crash no matter what manuplation takes place. But now americans have 800++ Billion to help the people who are going to get hurt the worst.. A truly sad day for our country.......
Spec I take it you like the Beer and Cigs play by your related tickers picks. Too bad there is not a crack dealing stock because congress been smoking alot of it lately..
I am the #2 with 7,876.82 points. I am expecting a crash and possible panic. I hope I am worng. I really hope it is avoided.
dwot a Top five CAP player she has taken her money out of the market.
I am leveraged short.
I own a lot of puts. I'm #14.
I meant to say now americans don't have 800++ Billion to help the people who are going to get hurt the worst..
I'm still sitting on dividend paying stocks. Been writing some calls on them as a hedge.
As a new CAPS player, it's good to see some SpecBear blogs. I read some of your old blogs and was impressed with how you called this current mess we have. I hope you keep sharing your thoughts.
The real tragedy is that 700 B could have been used to help rebuild this country's ailing infratstructures and schools. Nope.
Just more more being thrown away to keep China buying our T's.
www.fedupusa.org
I sure wouldn't be leveraged short at this point. I'm not as good as most of the players commenting here, but I'm 100% long now. No cash, no hedge.
I'm not exactly bullish, but I wouldn't leverage when most of the easy money shorting has already been made. Nor would I initiate new shorts on the indices. Risk management is the name of the game.
The markets really responded today to President Bush signing the $700bil bailout bill Friday............January 20, 2009 can't come soon enough!!
every idiot knew market will come down...If you 37 years old like me you know why:
1) most of the companies in stock market right now are like Enron, some put even Enron to shame yet their stock is still trading high.
2) No transparency, cooking the books, CEOs timing the market and sell whenever they want, whatever they want (former yahoo CTO cashed in 800 million dollars in 3 weeks as his retirement while yahoo stocks was going down after MS stuff)
3) Wes hould have had 3 crashes by now but government has interviend and messed it up. Even black friday of 1987 was a joke and just a media trick to get people watching their program. In 1992 or so market again was ready for correction but Bill Clinton came on TV saying everything is fine. In 2001 we should have had a big crash because of 9-11 but again government messed it up. Bush said: go on shopping. and they did.
so basically every idiot who is my age wishes that stock go to real levels and markets become real. Right now the market is still full of thieves. Today I tried to log on SHarebuilders. com to sell some more stocks and the site says they have "technical difficulties"...we all know what that means...some retail investors are getting screwed again like me.
I not only hope, but I really pray that stock crashes to the lowest...the more angry I get at the wall street and brokers (who make you brok-er) the more I wish it goes down in flames. Previous I said I think 3000-5000 is a good level because at least half of the companies are like enron, but now I wish it goes below 1000!!!! That's how angry I am at the government, corrupt CEOs, and blood sucking brokers.
View More
Terms & Conditions
RSS Headlines
Fool UK