Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Monday, September 29, 2008

good lord

this is all just the craziest shit ever...

15 comments:

tradewell said...

do you have any longs?

Eric said...

ya, but the are positive since I picked them up.

Probably won't be soon.

Eric said...

Helen,

Are you doing ok?

tradewell said...

Thanks for asking.

I may not have any fingernails left after today.

Trapped! Just watching helplessly (still on unsecured wi-fi, so can't do anything with the stocks)

I'm pretty scared. Want to sell everything.

tradewell said...

So what's going on with the bailout? can it still happen?

Eric said...

tomorrow could get nasty.

to be honest, we need leadership.

2k points to the downside and everyone will capitulate.... meaning congress

Eric said...

sure it can... but..

It's a stand off.

tradewell said...

So if I short today i can still make $ tomorrow on this armageddon? i think i'm down 2.5k just today. Thank you pseudo-gold stock AUY.

And what's wrong with oil?

tradewell said...

Wow, lots of new 52w lows. We just had that last week. And the week before.

Why didn't I stay short? Optimism is getting expensive.

tradewell said...

TSX (toronto exchange) is down 850 points (-7%).

Eric said...

this isn't an investable market, either way.

90% of the house,Just think it's about 'car loans'.

without credit the country comes to a stop... and this will accelerate the process.

Eric said...

the dow was down 700.. it will get there.

tradewell said...

Going to find a secure connection and short something.

Did you read Palin's response to the bailout question at Duc's blog? Delirium interspersed with campaign keywords.

Eric said...

It's quarterly redemptions, so those long anything and with a falling market have to cash out of anything they have to meet end of quarter redemptions. because tomorrow it will be worse

tradewell said...

I bought just a little bit of SDS. Crashed someone's computer in the process. Must be the electricity from my body.

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