Oops......

Flatbush Harry · 08-08-2011, 2:12pm

Another $205,000 in the toilette au jour d'hui. That's a half a megabuck in 6 weeks. Our government could screw up a wet dream...indeed, they have.

That is feckin' all. BTW...Newmont Mining is up, the other 499 in the S&P 500 are gargling with blackwater, straight from the crapper.

Happy investing.

buFalsht Hyrar

American Made · 08-08-2011, 2:17pm

I'm partly aboard this shit train myself.

Mike Mercury · 08-08-2011, 2:17pm

Datawiz · 08-08-2011, 2:18pm

So, do you think we end the day on the lows?

I think so, even though it's well off of the lows.

oahuyahoo · 08-08-2011, 2:28pm

Quote:

Originally Posted by American Made

I'm partly aboard this shit train myself.

I (we) shouldn't have to pay for this shit and I'm pissed.

Flatbush Harry · 08-08-2011, 2:42pm

Quote:

Originally Posted by datawiz

So, do you think we end the day on the lows?

I think so, even though it's well off of the lows.

Probably. This is a feckin' gut check. All the stockbrokers selling shit in the streets, er, financial advisors counseling their clients about risk tolerance can't prepare you for days like last May's flash crash, Oct. 19, 1987 or the last 6 weeks. I just got off the phone with my brother who's getting cramps and wanting to know whether to sell. Gold's at $1,715 and JPM says it could be $2,500 by 12/31/11, our AA+ Treasury Bonds are up 0.5% today, the European Central Bank is buying PIIGs' debt, and oil is at $80/bbl.

In these things, the only certainty is that the market is over-reacting...6 months from now there will be greater clarity.

I'm keeping my thumb up my bum to keep from shitting myself, but I'm doing exactly...nothing.

Remember, the Bulls make money, the Bears make money and the Pigs get butchered.

Harr_, asking "y"

Datawiz · 08-08-2011, 2:45pm

Quote:

Originally Posted by Flatbush Harry

Probably. This is a feckin' gut check. All the stockbrokers selling shit in the streets, er, financial advisors counseling their clients about risk tolerance can't prepare you for days like last May's flash crash, Oct. 19, 1987 or the last 6 weeks. I just got off the phone with my brother who's getting cramps and wanting to know whether to sell. Gold's at $1,715 and JPM says it could be $2,500 by 12/31/11, our AA+ Treasury Bonds are up 0.5% today, the European Central Bank is buying PIIGs' debt, and oil is at $80/bbl.

In these things, the only certainty is that the market is over-reacting...6 months from now there will be greater clarity.

I'm keeping my thumb up my bum to keep from shitting myself, but I'm doing exactly...nothing.

Remember, the Bulls make money, the Bears make money and the Pigs get butchered.

Harr_, asking "y"

Very much looking like I may be right. Accelerating back toward the lows. I didn't pull any buying triggers today with my substantial side-cash. Been listening to CNBC all day and it's just nothing but confusion. I think this carries on again tomorrow.

ConstantChange · 08-08-2011, 2:47pm

45 minutes to go and the DOW is down 632 points as I type!

I've been watching it all day. It's nut.

Datawiz · 08-08-2011, 2:48pm

Quote:

Originally Posted by ConstantChange

15 minutes to go and the DOW is down 632 points as I type!

I've been watching it all day. It's nut.

fixt

Flatbush Harry · 08-08-2011, 2:48pm

Quote:

Originally Posted by datawiz

Very much looking like I may be right. Accelerating back toward the lows. I didn't pull any buying triggers today with my substantial side-cash. Been listening to CNBC all day and it's just nothing but confusion. I think this carries on again tomorrow.

...no one has a feckin' clue. I've got a bunch of dough in bonds that get swapped for stocks as soon as I see signs of life.

Ya gotta' have 3 brass balls to play here.

Har__, shit, I lost a "y" and an "r", but I'm not laughin'

Datawiz · 08-08-2011, 2:51pm

Quote:

Originally Posted by Flatbush Harry

...no one has a ****in' clue. I've got a bunch of dough in bonds that get swapped for stocks as soon as I see signs of life.

Ya gotta' have 3 brass balls to play here.

Har__, shit, I lost a "y" and an "r", but I'm not laughin'

RISK is definitely a 4-letter word.

ConstantChange · 08-08-2011, 2:51pm

Quote:

Originally Posted by datawiz

I didn't pull any buying triggers today with my substantial side-cash. Been listening to CNBC all day and it's just nothing but confusion. I think this carries on again tomorrow.

Same here. I'm holding off today. I think this could get it lower.

I have one stock I'm watching really close. If it drops another 10%, I might unload on it.

ConstantChange · 08-08-2011, 2:53pm

Quote:

Originally Posted by datawiz

fixt

Oops. Thanks.

Datawiz · 08-08-2011, 3:00pm

Well, last Friday I predicted a 1,000 point drop today. While I wasn't far off, it was still brutal any way you slice it.

Flatbush Harry · 08-08-2011, 3:02pm

It'll close at the low. If the S&P 500 closes down another 22 points the yield on the S&P will be higher than on T-Bonds. I just blew out a bunch of bonds...waiting for clarity. Fortunes are made when the blood is in the streets...it's 4:02pm EDT: do you know where your testicles are?

Flubshat Hryar

SubZero · 08-08-2011, 3:03pm

buy low, sell high

sxeC6 · 08-08-2011, 3:05pm

Who's surprised that all this has happened after the asininity we have recently witnessed in congress? Everyone of the idiots should strung up.

Question is where's the bottom? Only the short sellers will get rich on this mess.

Datawiz · 08-08-2011, 3:06pm

S&P 500 down 6.66%

Kevin_73 · 08-08-2011, 3:08pm

I'm beginning to doubt that this is all Bush's fault.

Rapid Roger · 08-08-2011, 3:18pm

Quote:

Originally Posted by American Made

I'm partly aboard this shit train myself.

I'm riding in the first car.............

Support the Barn:		Download the Mobile App;		Follow us on Facebook: