|
|
Post by The Situation on Mar 3, 2009 21:17:34 GMT -5
So the stock market sucks. Bama is going to get you out of trouble. Well at least talk about what's going on every couple of days and let y'all know when to go all in and make bank. That being said, I'm really thinking of jumping all over some May puts. The next technical support level is 500 on the S&P.  Citi is going to go under, GE is about to lose it's AAA rating, and 1st quarter earnings are going to be absolutely brutal. Short term though, we're way way oversold. There's going to be a "Bear-Market" rally soon. |
|
|
|
Post by robino2001 on Mar 4, 2009 8:50:21 GMT -5
I hope so because my 401k is down 40%... it's quite depressing to have so much money tied up in it and see my contributions into it disappear the next day. That said, I know it'll eventually recover, but still makes my net worth appear to be quite sad. Here's also to hoping my company stock recovers a tad before my next vesting period.
|
|
|
|
Post by The Situation on Mar 4, 2009 11:16:01 GMT -5
Up 2% so far today, we got a dead cat bounce going. I'm thinking we may bounce back over 7000 in the Dow for a bit, but this won't last. You look at the options market and there are a lot of bankruptcy bets against Citi (well duh) and GE right now going into May and June. Big problem. Short term though, should be a little money to be made going long on a couple of trades.
|
|
|
|
Post by detroitbasketball on Mar 4, 2009 11:44:32 GMT -5
I've got ninety thousand pounds in my pajamas,
I've got forty thousand french francs in my fridge.
I've got lost of lovely lire,
Now the Deutschemark's getting dearer,
And my dollar bills would buy the Brooklyn Bridge.
Chorus: There is nothing quite as wonderful as money,
There is nothing quite as beautiful as cash.
Some people say it's folly,
But I'd rather have the lolly,
With money you can make a splash.
Finale: There is nothing quite wonderful as money,
(money, money, money, money)
There is nothing like a newly minted pound,
(money, money, money, money)
All: Everyone must hanker for the butchness of a banker,
It's accountancy that makes the world go round.
(round, round, round)
You can keep your Marxist ways
For it's only just a phase.
For it's money money money makes the world go round.
(money, money, money, money
money, money, money, money
moneeeeeeeeeeeyyyy)
|
|
Just Blaze
All-Conference
Patriots To The Super Bowl! Go Pats!
Posts: 3,212
|
Post by Just Blaze on Mar 4, 2009 12:50:34 GMT -5
|
|
|
|
Post by The Situation on Mar 4, 2009 15:34:16 GMT -5
No one else into economics huh?
|
|
Just Blaze
All-Conference
Patriots To The Super Bowl! Go Pats!
Posts: 3,212
|
Post by Just Blaze on Mar 4, 2009 16:09:47 GMT -5
No one else into economics huh? I know my bonds have dropped from a few thousands to like $500 bucks  |
|
Keeper
All-Conference
MONTANA TIME!
Posts: 3,913
|
Post by Keeper on Mar 4, 2009 16:11:22 GMT -5
Planning on being an economics major...
|
|
|
|
Post by The Situation on Mar 4, 2009 20:44:54 GMT -5
Planning on being an economics major... You're smart. You don't count among the others. Oh and you got an opinion on the market in the coming months/next year? I'm interested to hear it. |
|
|
|
Post by Freak93 on Mar 4, 2009 21:35:40 GMT -5
I was happy to see my credit score the other day. Anyway, all my money is safe. I try to find ways to invest it but there isn't much out there. CD's are pretty much all I've got right now.
|
|
|
|
Post by The Situation on Mar 4, 2009 21:48:19 GMT -5
I was happy to see my credit score the other day. Anyway, all my money is safe. I try to find ways to invest it but there isn't much out there. CD's are pretty much all I've got right now. Not a ton of options right now. I'm still bearish going forward, but I'm planning to hedge my may puts. I'm thinking going long to cover what I would lose if my put bet is wrong, but if it's right my earnings would more than cover my losses on the long positions. So I either end up near zero or making some great money. Win/not lose. Better than most. |
|
|
|
Post by detroitbasketball on Mar 4, 2009 21:52:00 GMT -5
Bama: the Jim Cramer of Dynasty Central.
|
|
|
|
Post by The Situation on Mar 4, 2009 21:58:28 GMT -5
Bama: the Jim Cramer of Dynasty Central. Except I'm not consistently wrong. |
|
|
|
Post by The Situation on Mar 5, 2009 15:47:39 GMT -5
Brutal trading day today, with the Dow down 3+%. We are so oversold it's not even funny, there's got to be a bounce in the wings.
|
|
Jewel27
Varsity
I am a women... call me girly names
Cubs in 09...Only 100 Years
Posts: 546
|
Post by Jewel27 on Mar 5, 2009 19:13:38 GMT -5
Planning on being an economics major... As am I Keeper, As am I |
|
|
|
Post by The Situation on Mar 5, 2009 22:52:29 GMT -5
Thoughts anyone?
|
|
Buzz Killington
All-Conference
Immense disappointment and let down
Now who here likes a good story about a bridge?
Posts: 4,030 
|
Post by Buzz Killington on Mar 5, 2009 23:34:47 GMT -5
|
|
|
|
Post by detroitbasketball on Mar 5, 2009 23:37:23 GMT -5
That's not what your mother said to me last night.
|
|
Buzz Killington
All-Conference
Immense disappointment and let down
Now who here likes a good story about a bridge?
Posts: 4,030
|
Post by Buzz Killington on Mar 5, 2009 23:48:50 GMT -5
DB, what you've just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.  |
|
|
|
Post by detroitbasketball on Mar 5, 2009 23:49:47 GMT -5
Oh yeah?
The festival was over, the boys were all plannin' for a fall,
The cabaret was quiet except for the drillin' in the wall.
The curfew had been lifted and the gamblin' wheel shut down,
Anyone who had any sense had already left town.
He was standin' in the doorway lookin' like the Jack of Hearts.
He moved across the mirrored room, "Set it up for everyone," he said,
Then everyone commenced to do what they were doin' before he turned their heads.
Then he walked up to a stranger and he asked him with a grin,
"Could you kindly tell me, friend, what time the show begins?"
Then he moved into the corner, face down like the Jack of Hearts.
Backstage the girls were playin' five-card stud by the stairs,
Lily had two queens, she was hopin' for a third to match her pair.
Outside the streets were fillin' up, the window was open wide,
A gentle breeze was blowin', you could feel it from inside.
Lily called another bet and drew up the Jack of Hearts.
Big Jim was no one's fool, he owned the town's only diamond mine,
He made his usual entrance lookin' so dandy and so fine.
With his bodyguards and silver cane and every hair in place,
He took whatever he wanted to and he laid it all to waste.
But his bodyguards and silver cane were no match for the Jack of Hearts.
Rosemary combed her hair and took a carriage into town,
She slipped in through the side door lookin' like a queen without a crown.
She fluttered her false eyelashes and whispered in his ear,
"Sorry, darlin', that I'm late," but he didn't seem to hear.
He was starin' into space over at the Jack of Hearts.
"I know I've seen that face somewhere," Big Jim was thinkin' to himself,
"Maybe down in Mexico or a picture up on somebody's shelf."
But then the crowd began to stamp their feet and the house lights did dim
And in the darkness of the room there was only Jim and him,
Starin' at the butterfly who just drew the Jack of Hearts.
Lily was a princess, she was fair-skinned and precious as a child,
She did whatever she had to do, she had that certain flash every time she smiled.
She had come away from a broken home, had lots of strange affairs
With men in every walk of life which took her everywhere.
But she'd never met anyone quite like the Jack of Hearts.
The hangin' judge came in unnoticed and was being wined and dined,
The drillin' in the wall kept up but no one seemed to pay it any mind.
It was known all around that Lily had Jim's ring
And nothing would ever come between Lily and the king.
No, nothin' ever would except maybe the Jack of Hearts.
Rosemary started drinkin' hard and seein' her reflection in the knife,
She was tired of the attention, tired of playin' the role of Big Jim's wife.
She had done a lot of bad things, even once tried suicide,
Was lookin' to do just one good deed before she died.
She was gazin' to the future, riding on the Jack of Hearts.
Lily took her dress off and buried it away.
"Has your luck run out?" she laughed at him, "Well, I guess you must
have known it would someday.
Be careful not to touch the wall, there's a brand-new coat of paint,
I'm glad to see you're still alive, you're lookin' like a saint."
Down the hallway footsteps were comin' for the Jack of Hearts.
The backstage manager was pacing all around by his chair.
"There's something funny going on," he said, "I can just feel it in the air."
He went to get the hangin' judge, but the hangin' judge was drunk,
As the leading actor hurried by in the costume of a monk.
There was no actor anywhere better than the Jack of Hearts.
No one knew the circumstance but they say that it happened pretty quick,
The door to the dressing room burst open and a Colt revolver clicked.
And Big Jim was standin' there, ya couldn't say surprised,
Rosemary right beside him, steady in her eyes.
She was with Big Jim but she was leanin' to the Jack of Hearts.
Two doors down the boys finally made it through the wall
And cleaned out the bank safe, it's said they got off with quite a haul.
In the darkness by the riverbed they waited on the ground
For one more member who had business back in town.
But they couldn't go no further without the Jack of Hearts.
The next day was hangin' day, the sky was overcast and black,
Big Jim lay covered up, killed by a penknife in the back.
And Rosemary on the gallows, she didn't even blink,
The hangin' judge was sober, he hadn't had a drink.
The only person on the scene missin' was the Jack of Hearts.
The cabaret was empty now, a sign said, "Closed for repair,"
Lily had already taken all of the dye out of her hair.
She was thinkin' 'bout her father, who she very rarely saw,
Thinkin' 'bout Rosemary and thinkin' about the law.
But, most of all she was thinkin' 'bout the Jack of Hearts.
|
|
Citi is going to go under, GE is about to lose it's AAA rating, and 1st quarter earnings are going to be absolutely brutal. 
