T_Slim Posted October 8, 2008 Report Share Posted October 8, 2008 crass!!!!!!!!!!!!!!!!!!!!!! Link to comment Share on other sites More sharing options...
I_Am_Madness Posted October 8, 2008 Report Share Posted October 8, 2008 BAC below 20 and now down 20%. I think they shot themselves and this market on Monday when they announce with the double whammy news. Speaking of poor timing. Link to comment Share on other sites More sharing options...
cwd Posted October 8, 2008 Report Share Posted October 8, 2008 LOve te fact that these down markets have wiped that stupid smug look off of Becky Quick's stupid face 697245[/snapback] But it has not slowed down head cheerleader and cub reporter Erin Burnett. Link to comment Share on other sites More sharing options...
potatohead Posted October 8, 2008 Report Share Posted October 8, 2008 had a great conversation with David Morgan last night....bank holiday coming, this will signal the beginning of hyperinflation......there is a reason there is little inventory of gold and silver left anywhere! Also talked with Sunshine Mint last week.....4 1/2 months to take delivery on silver!!!!!!!!!! They usually produce 250,000 blanks a week, they are now up to 450,000 blanks a week, can not keep up with demand If you are not in physical metal....your time is very short to find it..... $3 premiums are the norm on silver..... Link to comment Share on other sites More sharing options...
T_Slim Posted October 8, 2008 Report Share Posted October 8, 2008 these guys are grasping at straws now. I mean they really are at this point. Link to comment Share on other sites More sharing options...
Yaryman Posted October 8, 2008 Report Share Posted October 8, 2008 BAC getting hammered again. Down another 10% in prehour. 697252[/snapback] Cramer mentioned that's one the shorts were likely to go after. Remember the good old days when all risk was off loaded to other planets. Looks like that strategy failed. Who knew? Link to comment Share on other sites More sharing options...
K Wave Rider Posted October 8, 2008 Report Share Posted October 8, 2008 Rate cut pop fading fast...this should be final washout today....looking to buy near 950 today if the overnight low at 965 fails....already booked 40 points overnight from 990 to 1030...just crazy swing action here....a compounder's wet dream! If we get back above 1K, 965 mighta been it. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted October 8, 2008 Report Share Posted October 8, 2008 What a nutty morning. The futures market did a 650 point swing from the lows. It then gives back 300 of those points. Folks better buckle up, it's going to be one hell of a ride today. Link to comment Share on other sites More sharing options...
DrStool Posted October 8, 2008 Report Share Posted October 8, 2008 The metals are precious, the stocks not so much - http://wallstreetexaminer.com/?p=3233 Link to comment Share on other sites More sharing options...
cwd Posted October 8, 2008 Report Share Posted October 8, 2008 Steve Forbes is on CNBS. He is almost as goofy as his former employee, Dennis Kneale. Link to comment Share on other sites More sharing options...
T_Slim Posted October 8, 2008 Report Share Posted October 8, 2008 just noticed that there is a doji on the monthly chart of spot gold if 926 is taken out, could be off to the races for gold. 1000 perhaps? we'll see. chart too messy to post at the moment. maybe later. Link to comment Share on other sites More sharing options...
K Wave Rider Posted October 8, 2008 Report Share Posted October 8, 2008 The metals are precious, the stocks not so much - http://wallstreetexaminer.com/?p=3233 697264[/snapback] Yeh, that break over 890 could be real significant...if it holds... Link to comment Share on other sites More sharing options...
Scully Posted October 8, 2008 Report Share Posted October 8, 2008 The premarket price for SDS is $95 on TD Waterhouse, which is well above yesterday's high. That means the actual open for SPX will be solidly down. In other words it is worse than the S&P futures are telling us. Link to comment Share on other sites More sharing options...
cwd Posted October 8, 2008 Report Share Posted October 8, 2008 had a great conversation with David Morgan last night....bank holiday coming, this will signal the beginning of hyperinflation......there is a reason there is little inventory of gold and silver left anywhere! Also talked with Sunshine Mint last week.....4 1/2 months to take delivery on silver!!!!!!!!!! They usually produce 250,000 blanks a week, they are now up to 450,000 blanks a week, can not keep up with demand If you are not in physical metal....your time is very short to find it..... $3 premiums are the norm on silver..... 697259[/snapback] Premium on Central Fund of Canada now 13%, similar to cash market. I wonder what is going to happen with GLD shares? Link to comment Share on other sites More sharing options...
Scully Posted October 8, 2008 Report Share Posted October 8, 2008 Just checked again. Premarket for SDS is now up to $96.41, up from yesterday's close of $92.31. That implies at least a 2% drop on open. Link to comment Share on other sites More sharing options...
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