DrStool Posted October 3, 2008 Report Share Posted October 3, 2008 Thanks Scully! OK, here is my feedback. I read pretty widely, and I don't know of anyone out there who has a better handle on what the Fed is doing than yourself. Many of them are just plain wrong, and the rest just quote what the Fed is saying, not what they are doing. I look forward to your findings when you are finished thinking it through. Absolutely worth the price of a subscription, particularly during turbulent times when there are hundreds of billions sloshing back and forth. 695850[/snapback] Thanks to all who have called and emailed. I really appreciate it! Link to comment Share on other sites More sharing options...
DrStool Posted October 3, 2008 Author Report Share Posted October 3, 2008 So there Mr. Bungster...What did we learn in today's market action? Well, uh, even though you might see positive divergences on multiple time frames - if it is in a strong downtrend - you will get your ass handed to you if you act on those divergences.... Is that about right Doc?? 695935[/snapback] Don't ask me. I covered half way up this morning. I am NOT a daytrader. Just don't have the nerves for it. I admire those of you who do. I think I'll stick to anal is is. I manage to lose money even when I'm right. Link to comment Share on other sites More sharing options...
mdporter Posted October 3, 2008 Report Share Posted October 3, 2008 I feel sick right now, and I don't think it was the lousy bratwurst I just ate. Nice little decline at the close. Too bad, so sad. In other news there is apparently alot of crap in the bailout bill. Tinfoil hat wearer Ron Paul points out today that it looks like banks have had their reserve requirements eliminated: link to article Link to comment Share on other sites More sharing options...
Sudaca Posted October 3, 2008 Report Share Posted October 3, 2008 "Don't touch that dial! Because coming up next, after these commercials, on The Slope Of Hope.... The Fed Rate Cut!" Link to comment Share on other sites More sharing options...
T_Slim Posted October 3, 2008 Report Share Posted October 3, 2008 Congressman Brad Sherman was just on BNN and was asked why he didn't vote yes. his response, "Because I read the bill" priceless. Link to comment Share on other sites More sharing options...
mdporter Posted October 3, 2008 Report Share Posted October 3, 2008 RAIL had another bad day on its way to $20 or less Link to comment Share on other sites More sharing options...
DrStool Posted October 3, 2008 Author Report Share Posted October 3, 2008 October 3, 2008, a day that will live in infamy. I shed tears for America today. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted October 3, 2008 Report Share Posted October 3, 2008 Check out this plunge. Wowwy! Who needs solar when cheap oil is back in town! Link to comment Share on other sites More sharing options...
Bungster Posted October 3, 2008 Report Share Posted October 3, 2008 Check out this plunge.Wowwy! Who needs solar when cheap oil is back in town! 695949[/snapback] Woa! No safe hiding places anywhere..... Link to comment Share on other sites More sharing options...
hokahay Posted October 3, 2008 Report Share Posted October 3, 2008 "Don't touch that dial! Because coming up next, after these commercials, on The Slope Of Hope.... The Fed Rate Cut!" 695944[/snapback] "Confused? You won't be, after this episode of...Soap" Link to comment Share on other sites More sharing options...
Jetlag Posted October 3, 2008 Report Share Posted October 3, 2008 Why isn't there any headline in MSM stating the relation between the bill passing and the market tanking!? "MARKET TANKS AFTER BILL PASSING !" "MARKET DISAPROVES BAILOUT!" I'm only reading: "Stocks Fall as Economic Woes Overshadow Bailout-" Yoohoo "U.S. Stocks Slide on Economy, Erasing 313-Point Rally in Dow Industrials" GLoomberg "No appetite for risk" Rhoiders Link to comment Share on other sites More sharing options...
I_Am_Madness Posted October 3, 2008 Report Share Posted October 3, 2008 Check out this the collapse in the energy sector. 50% in 3 months. Link to comment Share on other sites More sharing options...
mdporter Posted October 3, 2008 Report Share Posted October 3, 2008 My wife was so mad that she went to our House reps office in person to chew them out. I sent an email to the woman who is running against my rep to ask her if she supports the plan. If she doesn't I will send some $$$. Link to comment Share on other sites More sharing options...
Jetlag Posted October 3, 2008 Report Share Posted October 3, 2008 Check out this plunge.Wowwy! Who needs solar when cheap oil is back in town! 695949[/snapback] I'm not saying that equities in solar companies are a buy here, but this is one of the areas that should get financing from the Gubermint Central Bureau Bank to invert the deflationary spiral of the depression and reduce dependence on foreign energy sources and the trade deficit. Link to comment Share on other sites More sharing options...
Bungster Posted October 3, 2008 Report Share Posted October 3, 2008 Mining stocks continue to get pummeled.... Next stop $3.60? Link to comment Share on other sites More sharing options...
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