Thread: Maybe the bitch is bottoming out

Looks like the market is gonna hold even today. probably it's about time to see a bear bounce. Bought 20k in s&p index at close yesterday. I'm sitting pretty cash heavy now. There is gonna be good short term money to be had. but not time to jump back in with both feet.

The market seems like Vegas to me right now, as long as you have the cash to lose why not.
Although it made a short rally today it could possibly still crash next week very volatile time to be playing in it.
Good luck

Originally Posted by tagurit

Looks like the market is gonna hold even today. probably it's about time to see a bear bounce. Bought 20k in s&p index at close yesterday. I'm sitting pretty cash heavy now. There is gonna be good short term money to be had. but not time to jump back in with both feet.

Are you nuts, thank the PTT for not letting it crash. It is a three day weekend, and they tried to put it in the positive, but as they were pumping it it, investors were pulling it out faster. Hell it dropped 900 points, you seriously do not think investors brought it up do you? I bet the feds pumped at least 30 BILLION into it.

Originally Posted by michaelr

Are you nuts, thank the PTT for not letting it crash. It is a three day weekend, and they tried to put it in the positive, but as they were pumping it it, investors were pulling it out faster. Hell it dropped 900 points, you seriously do not think investors brought it up do you? I bet the feds pumped at least 30 BILLION into it.

Hummm +11.58%, looks like a bounce to me.

Originally Posted by tagurit

Hummm +11.58%, looks like a bounce to me.

Really, well the government is the only one buying stocks. They did this before, it was directly ahead of the great depression. Keep dreaming, there is a derivatives market, at least a quadrillion dollars worth. That needs attention before we can move on.

The Party is Just Beginning

The prospect of hyperinflation is now becoming a REAL possibility - trillions of dollars are being pumped and nothing is happening in the credit markets - FEAR is enveloping world markets. We now think there may be another concerted effort to engage in socialist methods of the State buying up everything, guaranteeing loans, etc. as in Iceland, UK, etc. Welcome to October 2008. We would not be surprised to see more civil unrest as people realize they have been cheated out of their lifetime savings and pensions.

By time they are done the dollar will have zero value, so therefore it will not matter how many you have.

Originally Posted by tagurit

Hummm +11.58%, looks like a bounce to me.

The cattle are still spooked. Think I'll take my 2K profit and step aside for a while......

Originally Posted by tagurit

The cattle are still spooked. Think I'll take my 2K profit and step aside for a while......

That sounds like a good idea, the gov can't put unlimited funds into the market without totally crashing the dollar.

Originally Posted by michaelr

That sounds like a good idea, the gov can't put unlimited funds into the market without totally crashing the dollar.

Michael, people for the most part just do not get it. They are so afraid of losing what they have that they will sacrifice everything in a vain hope of losing it all. Unaware that they are not only destroying their way of life but the lives of their children and grandchildren.

Originally Posted by anonnymous

Michael, people for the most part just do not get it. They are so afraid of losing what they have that they will sacrifice everything in a vain hope of losing it all. Unaware that they are not only destroying their way of life but the lives of their children and grandchildren.

They better get it. Have you bought gold lately, not only is it getting hard to find, but the daily quote is a freaking joke. The Central banks have most of it and use it for collateral, seems like the CBs don't trust the CBs fiat currency. This is becoming like a freak show, but it is not nearly as fun.