phatbubble Posted May 29, 2009 Report Share Posted May 29, 2009 .. Link to comment Share on other sites More sharing options...
MrHanky Posted May 29, 2009 Report Share Posted May 29, 2009 Wild close for sure. We probably ass blast up on the GM BK filing on monday.....It's good news don't ya know. Link to comment Share on other sites More sharing options...
psyche doctor Posted May 29, 2009 Report Share Posted May 29, 2009 Link to comment Share on other sites More sharing options...
Brick Stoolhouse Posted May 29, 2009 Report Share Posted May 29, 2009 Wild close for sure. We probably ass blast up on the GM BK filing on monday.....It's good news don't ya know. LOL! Thats exactly what I was thinking Hanky> Either that or that will be the reason CNBS gives if they crash it on Monday. Link to comment Share on other sites More sharing options...
wave_3_gold Posted May 29, 2009 Report Share Posted May 29, 2009 Hope it's not like the 1975 Link to comment Share on other sites More sharing options...
MrHanky Posted May 29, 2009 Report Share Posted May 29, 2009 LOL! Thats exactly what I was thinking Hanky>Either that or that will be the reason CNBS gives if they crash it on Monday. Personally,I would not rule out SPX 1000 or higher at this point.After consolidation in this range for several weeks,an upside breakout would get us there in short order. 200 day is down to 928,so I expect that as a minimum by monday or tuesday.I think it's possible that we get a cross of the 50 day above the 200 day in a few weeks and we get a blowoff type move into the end of June (1050 to 1100?) Or I am totally wrong. Link to comment Share on other sites More sharing options...
shorty Posted May 29, 2009 Report Share Posted May 29, 2009 rip roarin' snortin' mega bullish! this economy has suddenly turned around on a dime good, secure, high-paying jobs are now plentiful and easy to get companies are rollin' in record profits as cash-loaded consumers flood the malls in a spending frenzy housing has bottomed as easy-credit mortgage rates plummet to record lows making large new homes affordable for everyone, especially with lower insurance and tax rates all around the stock market is ready to mount a powerful assault on fresh new all-time, lifetime highs as massive chunks of excess sideline cash are put to work immediately truly the best of times, and getting better every day! not just financially, either - I sense a kindler, gentler, more caring and sharing society, as people accept each other with love and respect and put the other person first everyone I see is donating more money to charity and volunteering to help those less fortunate it turns out that $70 Trillion of Debt is a non-issue the nation has decided to just move on and that's a good thing I'm tickled pink have a wonderful weekend everyone Link to comment Share on other sites More sharing options...
BusKow Posted May 29, 2009 Report Share Posted May 29, 2009 nothing's been happnin', BUTT they closed with the threat... Link to comment Share on other sites More sharing options...
Jetlag Posted May 29, 2009 Report Share Posted May 29, 2009 Markit luvs bearishness Are you BULLISH? AAII members are: (as of 5/27/2009) Bullish: 40.37% Neutral: 11.01% Bearish: 48.62% Link to comment Share on other sites More sharing options...
K Wave Rider Posted May 29, 2009 Report Share Posted May 29, 2009 I think it's possible that we get a cross of the 50 day above the 200 day in a few weeks and we get a blowoff type move into the end of June (1050 to 1100?) Or I am totally wrong. We already got the 50 over 200 cross on SOX (orange over green). I am giving this thing about another day or so to top and reverse hard, or bears be just about outta time..... Link to comment Share on other sites More sharing options...
mdporter Posted May 29, 2009 Report Share Posted May 29, 2009 WASHINGTON, May 29 (Reuters) - U.S. banks that are struggling to stay afloat will not be allowed to aggressively ratchet up interest rates to attract customer money, a top bank regulator said on Friday. The Federal Deposit Insurance Corp voted to bar a bank with insured deposits from paying interest rates that "significantly exceed" prevailing market rates if the bank is deemed not well capitalized. The new rule better defines what constitutes normal market rates, the FDIC said. source Too bad the FDIC never banned Liar Loans. Link to comment Share on other sites More sharing options...
mdporter Posted May 29, 2009 Report Share Posted May 29, 2009 Shorty did you have to post that suze orman picture? Now I have to find some antidote for that poison! Link to comment Share on other sites More sharing options...
mdporter Posted May 29, 2009 Report Share Posted May 29, 2009 Looks like SRS is putting in a bottom as things deteriorate in the RE markets. Link to comment Share on other sites More sharing options...
Slappy Posted May 29, 2009 Report Share Posted May 29, 2009 WASHINGTON, May 29 (Reuters) - U.S. banks that are struggling to stay afloat will not be allowed to aggressively ratchet up interest rates to attract customer money, a top bank regulator said on Friday. The Federal Deposit Insurance Corp voted to bar a bank with insured deposits from paying interest rates that "significantly exceed" prevailing market rates if the bank is deemed not well capitalized. The new rule better defines what constitutes normal market rates, the FDIC said. source Too bad the FDIC never banned Liar Loans. The 'newspeak' is hitting new and unprecedented levels. This ruling conveniently prohibits crap banks from paying higher rates for capital. That should help alleviate any upward pressure on interest rates. Unreal. I just happen to have the network 6:30 news on this evening. Did you know that the UAW made some 'major concessions' in the GM deal today? I guess in reality they did, but it sure sounded like the whole deal was being put on the backs of the rank and file. We're entering a new world where nothing matters but the news noise, and the news noise is all headed in one direction. Any betting on the markets must be done with this in mind. Nevertheless, I sold some DGP and picked up some SRS today. Next stop... Link to comment Share on other sites More sharing options...
mdporter Posted May 29, 2009 Report Share Posted May 29, 2009 Government Motors left a skid mark. At least they scrapped the plan to import small cars made in China. What a bunch of douches for even considering that! Link to comment Share on other sites More sharing options...
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