FlaSoxxJim Posted March 1, 2007 Share Posted March 1, 2007 QUOTE(southsider2k5 @ Mar 1, 2007 -> 03:56 PM) I doubt anyone will want to carry positions over the weekend Speak for yourself. It's our anniversary and we are ditching the kids and going away for the weekend. [/cue adult movie music in 3. . . 2. . . . . Bump-chukkah. . . Bump-chukkah. . . Bump-chukkah. . . ] Link to comment Share on other sites More sharing options...
mreye Posted March 2, 2007 Share Posted March 2, 2007 (edited) QUOTE(FlaSoxxJim @ Mar 1, 2007 -> 03:19 PM) Speak for yourself. It's our anniversary and we are ditching the kids and going away for the weekend. [/cue adult movie music in 3. . . 2. . . . . Bump-chukkah. . . Bump-chukkah. . . Bump-chukkah. . . ] I think I just threw up in my mouth. Have fun and congrats! Edited March 2, 2007 by mreye Link to comment Share on other sites More sharing options...
southsider2k5 Posted March 2, 2007 Share Posted March 2, 2007 QUOTE(mreye @ Mar 2, 2007 -> 06:59 AM) I think I just threw up in my mouth. Have fun and congrats! ^^^ Just don't have too much fun and break a hip or something... And please NO CAMERAS THIS TIME! Link to comment Share on other sites More sharing options...
Rex Kickass Posted March 2, 2007 Share Posted March 2, 2007 No cameras? Fine, but that deposit is nonrefundable! Link to comment Share on other sites More sharing options...
Balta1701 Posted March 2, 2007 Share Posted March 2, 2007 QUOTE(southsider2k5 @ Mar 1, 2007 -> 12:56 PM) Meh, it might well be the beginning of a sell-off by the technical signs aren't there. Yesterday they rallied back, but finished on the lows, which ususally means they are exhausting the "buy the dips" people. The market did open sharply lower, which wasn't a big surprise, but instead of sustaining the selling, the market actually rallied back pretty well, even going green for a while. It looks like we are going to finish in the high end of the range. I would bet tomorrow is a 100 point plus down day, as I doubt anyone will want to carry positions over the weekend, but barring bad news, I would bet on a rally early next week. I'd just like to add...I'm impressed. Link to comment Share on other sites More sharing options...
southsider2k5 Posted March 5, 2007 Share Posted March 5, 2007 QUOTE(Balta1701 @ Mar 2, 2007 -> 04:10 PM) I'd just like to add...I'm impressed. Thanks Today will be an interesting one. As goes Monday, goes the week. So far things are looking good as the US markets are bucking big down days in Japan (-4%) and Europe (-2%) and are in positive territory. To the naked eye, it looks like we have drawn the line in the sand at 12000. Link to comment Share on other sites More sharing options...
southsider2k5 Posted March 13, 2007 Share Posted March 13, 2007 Dow had the air taken out of it again today. It was down about 200 at its low point, and has bounced back a little bit with around an hour and a half to go. They are still bouncing off of the 12100 level, so it seems that is a pretty solid support number unless something else happens. The interesting thing is that energy prices are pretty well down, which usually creates a little bit more for the bulls, but not today. Link to comment Share on other sites More sharing options...
Balta1701 Posted March 14, 2007 Share Posted March 14, 2007 QUOTE(southsider2k5 @ Mar 13, 2007 -> 11:36 AM) Dow had the air taken out of it again today. It was down about 200 at its low point, and has bounced back a little bit with around an hour and a half to go. They are still bouncing off of the 12100 level, so it seems that is a pretty solid support number unless something else happens. The interesting thing is that energy prices are pretty well down, which usually creates a little bit more for the bulls, but not today. So, we're not nearly @ the end of the day yet, but following up on yesterday's down trend, the market gave back some early attempts at gains today...and has broken through the 12000 level. Right now it's at about 11950. Link to comment Share on other sites More sharing options...
Rex Kickass Posted March 14, 2007 Share Posted March 14, 2007 It's back over 12000, but I can definitely understand the nervousness. Everyone thought the housing slump was over and now with all the subprime mortgage issues - coupled with GM needing to float its GMAC arm a billion dollars to keep it alive, has got to be scaring the crap out of Joe Investor today. Link to comment Share on other sites More sharing options...
southsider2k5 Posted March 14, 2007 Share Posted March 14, 2007 GM was our "something else" happening for the day. 12000 is a big round number. Markets don't like closes below big round numbers. If we go through 12k on the close, next stop is either 11,700 or 11,500. This whole subprime thing, plus GMs disappointing earnings has some people spooked. Link to comment Share on other sites More sharing options...
Rex Kickass Posted March 14, 2007 Share Posted March 14, 2007 Southsider: am I wrong in thinking that the billions and billions locked up in subprime lending going south will be a huge catalyst to a possible recession? Link to comment Share on other sites More sharing options...
FlaSoxxJim Posted March 14, 2007 Share Posted March 14, 2007 QUOTE(FlaSoxxJim @ Feb 27, 2007 -> 04:08 PM) SELL! SELL!!! SELL IT ALL!!!!! ^ ^ ^ ^ Link to comment Share on other sites More sharing options...
Balta1701 Posted March 14, 2007 Share Posted March 14, 2007 QUOTE(Rex Kicka** @ Mar 14, 2007 -> 10:43 AM) Southsider: am I wrong in thinking that the billions and billions locked up in subprime lending going south will be a huge catalyst to a possible recession? Personally, I've thought for a while that the housing market bursting in general, not just the subprime market, might well be a catalyst for such an event. That market just went crazy the last 6 years or so with the excessively low interest rates, to the point where people being able to take money out of the increased value of their homes was a significant driving force for the growth out there. The fact that housing prices have stopped growing in general for now will remove that stimulus, and it will probably only get worse with time as all of the fancy new "Interest-only" or similar mortgages start hitting the ballooning payments that were supposed to trigger people to sell. Link to comment Share on other sites More sharing options...
southsider2k5 Posted March 14, 2007 Share Posted March 14, 2007 QUOTE(Rex Kicka** @ Mar 14, 2007 -> 12:43 PM) Southsider: am I wrong in thinking that the billions and billions locked up in subprime lending going south will be a huge catalyst to a possible recession? From a dollar standpoint, billions isn't nearly as much as it sounds like, and neither is the subprime market. If these dopes actually paid attention to history for once, they would learn that making loans to people who probably won't be able to pay them back at a higher percentage than most is a dumb idea. I know I can't be the only one here who remembers the SNLs and junk bond stupidity. In reality the subprime market is a small fraction of all mortgages, as the vast majority of reputable lenders don't want the risk on their books. That being said from a dollars standpoint, no, I don't think this is enough to push a recesion. What danger we get out of this is a change in mentality that could lead to a recession. An event like this can change people's mind that things are going to be OK. The dirty little secret that no one wants to admit is that perception is reality when it comes to our economy. This is really dangerous if people think it is a bad thing. If they sell this the right, it shouldn't make a difference as I understand it. This could be another card in the deck towards a recession, but not on its own merits from a dollar standpoint. Link to comment Share on other sites More sharing options...
southsider2k5 Posted March 15, 2007 Share Posted March 15, 2007 The next two days are going to be fun. Friday is a quadruple witching. Yeah volitility! Link to comment Share on other sites More sharing options...
Balta1701 Posted March 15, 2007 Share Posted March 15, 2007 QUOTE(southsider2k5 @ Mar 15, 2007 -> 05:18 AM) The next two days are going to be fun. Friday is a quadruple witching. Yeah volitility! Am I supposed to have a clue what that means? I can give you a description of quadrupole splitting (one of the things you measure when you use a Mossbauer spectrometer on Fe), but that one is over my head. Link to comment Share on other sites More sharing options...
southsider2k5 Posted March 15, 2007 Share Posted March 15, 2007 QUOTE(Balta1701 @ Mar 15, 2007 -> 11:11 AM) Am I supposed to have a clue what that means? I can give you a description of quadrupole splitting (one of the things you measure when you use a Mossbauer spectrometer on Fe), but that one is over my head. http://www.investopedia.com/terms/q/quadruplewitching.asp A day on which contracts for stock index futures, stock index options, stock options and single stock futures (SSF) all expire. This is similar to the triple witching hour, except that the quadruple witching hour sees also the expiry of SSFs. Quadruple witching days occur on the third Friday of March, June, September and December. What is means for the market is a ton more volatility as people use the primary market to hedge against their moves in the derivatives that are expiring. You tend to get big violent swings as more people are trading than usual, and moves in the stock directly affect the prices of their derivatives. Wiki had the definition for triple witching, but that is kind of outdated with the intro of Single Stock Futures (SSFs) http://en.wikipedia.org/wiki/Triple_witching_hour Link to comment Share on other sites More sharing options...
southsider2k5 Posted March 21, 2007 Share Posted March 21, 2007 2 day Fed meetings are the absolute most boring days in the world to work in this industry it needs to be 1:15 already Link to comment Share on other sites More sharing options...
NorthSideSox72 Posted March 21, 2007 Author Share Posted March 21, 2007 QUOTE(southsider2k5 @ Mar 21, 2007 -> 08:45 AM) 2 day Fed meetings are the absolute most boring days in the world to work in this industry it needs to be 1:15 already But I have a feeling that PHT will be hopping today, with the roster reduction to 28. So at least you have some distraction. Link to comment Share on other sites More sharing options...
southsider2k5 Posted March 21, 2007 Share Posted March 21, 2007 QUOTE(NorthSideSox72 @ Mar 21, 2007 -> 08:51 AM) But I have a feeling that PHT will be hopping today, with the roster reduction to 28. So at least you have some distraction. Energy inventory numbers come out this morning as well, hopefully that will give us a bit of a pop. I am looking foward to the roster moves. This year is a lot more up in the air than it has been in a while. Link to comment Share on other sites More sharing options...
southsider2k5 Posted April 19, 2007 Share Posted April 19, 2007 No mentions of yesterday's new record close in the Dow? I kept waiting to see it... Link to comment Share on other sites More sharing options...
kapkomet Posted April 19, 2007 Share Posted April 19, 2007 It's "good news", but we can't have that. It's NOT GWB's fault. Link to comment Share on other sites More sharing options...
southsider2k5 Posted April 20, 2007 Share Posted April 20, 2007 Yesterday was a second record close, and today the Dow is up about 100 points, in shouting distance of 13000 for the first time in history, and still no posts? Dang, I guess you have to be down for there be any interest in the blue chips! Link to comment Share on other sites More sharing options...
NUKE_CLEVELAND Posted April 20, 2007 Share Posted April 20, 2007 QUOTE(southsider2k5 @ Apr 20, 2007 -> 12:56 PM) Yesterday was a second record close, and today the Dow is up about 100 points, in shouting distance of 13000 for the first time in history, and still no posts? Dang, I guess you have to be down for there be any interest in the blue chips! That's cool as hell for me and my mutual funds but my interest ends there. Link to comment Share on other sites More sharing options...
mr_genius Posted April 22, 2007 Share Posted April 22, 2007 QUOTE(kapkomet @ Apr 19, 2007 -> 08:57 AM) It's "good news", but we can't have that. It's NOT GWB's fault. it's an obvious sign of the business community's support of the Democratic control of congress. Link to comment Share on other sites More sharing options...
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