24 hours ago the sky was falling!

[Chocaholic]

Every news channel was blathering on about the great recession of 08. The market was tanking and the talking heads were gleeful (with a serious look on their faces, of course).

Even our own hand-wringers were emphatic that the world was ending. Since then, the market has soared over 500 points. Not a word. Silence. Nada.

A lot of people made a lot of money these last couple of days. I only made a little...but it was more than the welfare checks being sent out to revive the economy (I'm not getting one, of course....I paid too much in taxes).

So, I guess the sky will stay in place for now. But never fear...the world will still come to an end. Probably about once a month for the forseeable future!

[lendaddy]

No one here recognizes this "DOW" you speak of. The only stock of importance in here is AAPL and it's down well over 30% in the last three weeks alone. Here in PPOT it's a full blown depression

[dhoward]

Nothing disasterous will happen unless Obama makes it to office.
Notice how in all of the world disaster movies (comets, asteroids, volcanoes, etc..) the President is a black guy?

Coincidence?

[kstar]

Originally Posted by lendaddy

No one here recognizes this "DOW" you speak of. The only stock of importance in here is AAPL and it's down well over 30% in the last three weeks alone. Here in PPOT it's a full blown depression

Nah, it's just a monumental sale!

The emotion has now hit too hard on the downside, IMHO.

Best

Kurt

[Chocaholic]

Originally Posted by lendaddy

No one here recognizes this "DOW" you speak of. The only stock of importance in here is AAPL and it's down well over 30% in the last three weeks alone. Here in PPOT it's a full blown depression

Was never much for investing in a "one-trick-pony". The bigger they are, the harder they fall. Just ask our friends who bought $1M houses in Orange County back in 05.

Good news just doesn't sell. But...I'm a happy guy anyway. Will be even happier when the market tanks again...just so I can buy a little more.

[Porsche-O-Phile]

Dead Cat Bounce.

[hpservertech]

But do you ever notice that in all the movies about the world ending that it's never a woman? hate to see how long we would last with Hillary in there. But then again, at least the tradition of prefering women would stay the same.

[turbo6bar]

I am personally responsible for talking the market down. When I stopped the talk, the markets resumed upward motion. Don't piss me off, or I will do it again.

[hytem]

Seems to be all about reacting to the media these days, doesn't it.

At least they haven't gotten apocalyptic about Global Warming--yet.

[Sapporo Guy]

How about Will Smith?

[RoninLB]

some say the market bottoms when most say the end of life as we know it is near.

If mass-media wanted the Rep's to win in next election they'd be singing a different tune. All their doing is creating wealth in optimists hands.

[red-beard]

Originally Posted by Porsche-O-Phile

Dead Cat Bounce.

Thinking of that

http://www.addictinggames.com/kittencannon.html

[jyl]

Bear market rallies are very sharp. See chart from 2000-2003.

[dd74]

Originally Posted by RoninLB

some say the market bottoms when most say the end of life as we know it is near.

If mass-media wanted the Rep's to win in next election they'd be singing a different tune. All their doing is creating wealth in optimists hands.

"Optimists hands" also known as:
1) Capable hands.
2) Knowledgeable hands.
3) Calm hands.
Etc...

[Bill Douglas]

The reasons for the falling market still exist, it's not over yet.

[dd74]

Originally Posted by Bill Douglas

The reasons for the falling market still exist, it's not over yet.

Reasons will always exist for the market to fall. But just as soon as they fall, they rise back up. One has to roll with the punches. I know it's cliche', but true nonetheless.

[Bill Douglas]

I hope I'm wrong and you're right.

[tabs]

Yes the sky was falling and all the cowards got out at the bottom.

[911teo]

So apparently Societe' Generale was liquidating an ill equity position of $40bn. Even in todays liquid mkts that is a sizeable positions.

What is scary is that the Fed seems to have been tricked into easing by a rogue french trader. Surely the cut was on the cards for the FOMC meeting next 30th of Jan, but 75bp in between meeting is something of hystorical proportions.

The credibility of the most important central bank has suffered a little bit of a set back. Let's see what they do next week, with the mkt expecting another 50bp cut.

As per the stock mkt... I don't know... this thing is up or down 3-4% in a day. The expected return of an asset with such a volatility should be above 20% for the year....

If uncertainty stays high and earnings stay low then there is only one way for Prices to go in the long term.... especially as we have just slashed the free risk returns by 100bp in 1 week.

[widgeon13]

The only constant is "change".