Stocks and Trading Thread - Channeling your inner Mono

[MadImmortalMan]

Jobs resigns. Apple stockholders will FREAK THE FUCK OUT.

Wow. Not lookin good.

[Ed Anger]

Must be recess at Dachau in that pic.

[MadImmortalMan]

S&P bouncing around at 1200. I'm buying puts on it. I think when the 50day and 10day mv/avg converge in an hour and a half the machines will sell off. Teh speculation!!11

[Admiral Yi]

BAC up another 5 1/2 % today.

Just bought some BoA 10 year bonds paying 6.14 %.

[mongers]

Jobs resigns. Apple stockholders will FREAK THE FUCK OUT.

Wow. Not lookin good.

Damn, that's sad; he looks in a lot of pain. 

[MadImmortalMan]

Heads up: Ford workers have authorized a strike.

[Admiral Yi]

 

[MadImmortalMan]

SocGen says we're just like Japan.

[Admiral Yi]

The standard explanation for the Japanese lost decade is their banks never threw the wounded overboard.  They just kept lending into arrears because if they wrote off nonperforming loans it would have killed their capital asset ratios.  The US doesn't have that problem.

Anyway, what does Societe General know?  They're sitting on a trillion dollars worth of Greek bonds.

[Admiral Yi]

p.s. I hope your puts all blow up like the Hindenburg.

[ulmont]

The standard explanation for the Japanese lost decade is their banks never threw the wounded overboard.  They just kept lending into arrears because if they wrote off nonperforming loans it would have killed their capital asset ratios.  The US doesn't have that problem.

You sure about that, with respect to mortgages?

[Admiral Yi]

You sure about that, with respect to mortgages?

I'm sure that US banks aren't lending new money to deliquent mortgage holders to prevent them from defaulting.

[Caliga]

Picked up some JNK the other day.

[MadImmortalMan]

Consumer confidence 44.5% and we crash this morning. I got out of my puts with a 20% gain. Now I'm happy to see us float up the rest of the day.



Edit: FOMC meeting concludes with no easing decided. That seems to be what the market expected, because nothing happened.

[MadImmortalMan]

Looks like Netflix finally got hit.