Stocks and Trading Thread - Channeling your inner Mono

Started by MadImmortalMan, December 21, 2009, 04:32:41 AM

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MadImmortalMan

#495
August 07, 2011, 05:05:36 PM
S&P futures down 250 points. Gold nearly 1700. This will be fun.
"Stability is destabilizing." --Hyman Minsky

"Complacency can be a self-denying prophecy."
"We have nothing to fear but lack of fear itself." --Larry Summers

Ed Anger

#496
August 07, 2011, 06:51:01 PM
I'm gonna watch CNBC's special at 8pm and see how panic-y they are.
Stay Alive...Let the Man Drive

alfred russel

#497
August 07, 2011, 07:05:56 PM
Quote from: MadImmortalMan on August 07, 2011, 05:05:36 PM
S&P futures down 250 points. Gold nearly 1700. This will be fun.

That can't be right--that is about 20%.
They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety.

There's a fine line between salvation and drinking poison in the jungle.

I'm embarrassed. I've been making the mistake of associating with you. It won't happen again. :)
-garbon, February 23, 2014

mongers

#498
August 07, 2011, 07:10:01 PM
Nikkei down about 1.5% and Sydney around 1.00% lower; not too significant ?
"We have it in our power to begin the world over again"

MadImmortalMan

#499
August 07, 2011, 07:19:18 PM
Quote from: alfred russel on August 07, 2011, 07:05:56 PM
Quote from: MadImmortalMan on August 07, 2011, 05:05:36 PM
S&P futures down 250 points. Gold nearly 1700. This will be fun.

That can't be right--that is about 20%.

Yeah I think that was Dow. My bad.



Anyway, I have some calls on GLD which will certainly be deep in the money at the open tomorrow.  :)
"Stability is destabilizing." --Hyman Minsky

"Complacency can be a self-denying prophecy."
"We have nothing to fear but lack of fear itself." --Larry Summers

Ed Anger

#500
August 07, 2011, 07:21:25 PM
Quote from: mongers on August 07, 2011, 07:10:01 PM
Nikkei down about 1.5% and Sydney around 1.00% lower; not too significant ?

They might be waiting for Europe's markets to open.

Or they took my advice and CALMED THE FUCK DOWN. I contacted the ambassadors.
Stay Alive...Let the Man Drive

MadImmortalMan

#501
August 07, 2011, 07:24:03 PM
Quote from: Ed Anger on August 07, 2011, 07:21:25 PM

Or they took my advice and CALMED THE FUCK DOWN. I contacted the ambassadors.

The G7 guys came out of their meeting saying they were starting up the presses. I think that put the brakes on the dive.
"Stability is destabilizing." --Hyman Minsky

"Complacency can be a self-denying prophecy."
"We have nothing to fear but lack of fear itself." --Larry Summers

DontSayBanana

#502
August 07, 2011, 08:58:09 PM
Quote from: MadImmortalMan on August 07, 2011, 07:24:03 PM
The G7 guys came out of their meeting saying they were starting up the presses. I think that put the brakes on the dive.

At the mints?  Or suggesting some magic bullet that they want to unveil at a news conference? :huh:
Experience bij!

MadImmortalMan

#503
August 08, 2011, 12:51:23 AM
Quote from: DontSayBanana on August 07, 2011, 08:58:09 PM
Quote from: MadImmortalMan on August 07, 2011, 07:24:03 PM
The G7 guys came out of their meeting saying they were starting up the presses. I think that put the brakes on the dive.

At the mints?  Or suggesting some magic bullet that they want to unveil at a news conference? :huh:

No they're buying up bonds. Quantitative easing.
"Stability is destabilizing." --Hyman Minsky

"Complacency can be a self-denying prophecy."
"We have nothing to fear but lack of fear itself." --Larry Summers

Ed Anger

#504
August 08, 2011, 08:07:53 AM
I think CNBC dropped some downers into Cramer's coffee this morning. He is not being entertaining.  :mad:
Stay Alive...Let the Man Drive

MadImmortalMan

#505
August 08, 2011, 08:10:50 AM
Bank of America is getting flushed down the loo. I bought puts.  :P
"Stability is destabilizing." --Hyman Minsky

"Complacency can be a self-denying prophecy."
"We have nothing to fear but lack of fear itself." --Larry Summers

MadImmortalMan

#506
August 08, 2011, 08:20:09 AM
http://www.cnbc.com/id/22781946/NYSE_Invokes_Rule_48


Rule 48!


That's when the NYSE floor traders all turn against the Jedi.
"Stability is destabilizing." --Hyman Minsky

"Complacency can be a self-denying prophecy."
"We have nothing to fear but lack of fear itself." --Larry Summers

alfred russel

#507
August 08, 2011, 09:09:31 AM
Quote from: MadImmortalMan on August 08, 2011, 08:20:09 AM
http://www.cnbc.com/id/22781946/NYSE_Invokes_Rule_48


Rule 48!


That's when the NYSE floor traders all turn against the Jedi.

Other rules, as relayed by Frank Lopez:

Rule #1: Don't underestimate the other guy's greed (rarely forgotten on wall street, though perhaps by people who do business there).

Rule #2: Don't get high on your own supply (tragically forgotten by Bear Stearns and Lehman Brothers, who retained too many of the crappy securities they created).
They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety.

There's a fine line between salvation and drinking poison in the jungle.

I'm embarrassed. I've been making the mistake of associating with you. It won't happen again. :)
-garbon, February 23, 2014

Ed Anger

#508
August 08, 2011, 09:28:47 AM
Go P&G, go!
Stay Alive...Let the Man Drive

MadImmortalMan

#509
August 08, 2011, 09:49:20 AM
If there is going to be a turn today, it will be after Europe closes.

Best investment: VIX   :P
"Stability is destabilizing." --Hyman Minsky

"Complacency can be a self-denying prophecy."
"We have nothing to fear but lack of fear itself." --Larry Summers
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