Stocks and Trading Thread - Channeling your inner Mono

[Richard Hakluyt]

I'm back in, but with only about half what I had invested before. It is in safe shares, you know, the ones that go down just like all the others when the market is tanking 

[Ed Anger]

I turn on CNBC, and see that French banks are getting punched in the balls.

My investing stance has moved from Calm to Mildly Spooked.

[MadImmortalMan]

If we could just keep the Europe markets closed for a couple weeks, we'd have an awesome rally.

[Martinus]

And we're back!

[alfred russel]

I have a personal rule against shorting anything that I've only broken once, and I've never shorted an interest bearing instrument, however...if 10 year treasury notes go under 2%, I'm going to be tempted to short treasuries.

[alfred russel]

So an informal poll: by month end, what are the chances we crash?

Condition 1: A one day drop of 10% or more?

Condition 2: We drop 20% from where we are now by the end of the month (S&P 500 is 1135)?

I think the odds are good if we get some bad news (such as a major bank failure, or a worsening debt crisis in europe).

[DGuller]

I'm willing to bet that there is no crash, with real money.  The bad shit always happens in September.

[MadImmortalMan]

I got some puts on silver just after it peaked a bit ago.

[citizen k]

It is in safe shares, you know, the ones that go down just like all the others when the market is tanking 

But have juicy dividends that soften the market's drops?

[alfred russel]

I'm willing to bet that there is no crash, with real money.  The bad shit always happens in September.

If I can't make a caveat (such as I did in the previous post), I'd say the odds are less than 50-50. But I still think there is a significant risk of a crash.

[MadImmortalMan]

The S&P's dividend yield is now higher than Treasuries.

[Richard Hakluyt]

It is in safe shares, you know, the ones that go down just like all the others when the market is tanking 

But have juicy dividends that soften the market's drops?

Yeah, British utilities that are yielding 6% and slowly increase their dividends year-on-year. Their price though is, to me at least, surprisingly volatile 

[MadImmortalMan]

If we could just keep the Europe markets closed for a couple weeks, we'd have an awesome rally.

Once again, Europe closes for the day, we rally.

[MadImmortalMan]

South Korean Stock Broker Sends Apology Text Messages Then Jumps To His Death Amid Market Turmoil

World financial markets, which have been rocked by fears surrounding the U.S. economy and the ongoing euro zone crisis, pushed a stock broker who felt bad about his clients' losses to take his own life Wednesday.

A South Korean stock broker jumped to his death from a high-rise building after suffering losses amid global financial panic, police said.

From NBC Los Angeles:

"The 48-year-old broker, identified only as "Seo," sent text messages to colleagues expressing regret over severe losses, just minutes before leaping to his death Wednesday in the city of Daegu, according to Chief investigator Lee Kang-ho."

The stock broker sent text messages apologizing to his clients for the massive losses, the report said.

South Korea reportedly has one of the highest suicide rates in the developed world.

Read more: http://www.businessinsider.com/south-korean-stock-broker-sends-apology-text-messages-then-jumps-to-his-death-amid-market-turmoil-2011-8#ixzz1UeQ46tiv

[MadImmortalMan]

http://www.businessinsider.com/there-is-a-guy-threatening-to-jump-off-30-rock-right-now-2011-8





Is it John Paulson?



Edit:

Pic via NBC's @Durrellojello who says: "Our office is mesmerized by this guy on roof of 30 Rock. Police seem to be trying to talk him down."

Gothamist reports he's on the 70th floor observation deck.  As you can see from the pic the FDNY is on the scene and apparently trying to talk him down.