FauxCaster Posted January 22, 2008 Report Share Posted January 22, 2008 Bet the circuit breaker crew are standing by for the US action... 639050[/snapback] Cramer says we can have a 2000 drop in the DOW in the next few days if the government doesn't buy out Ambac, MBIA, etc and provide a .50 on the dollar guarantee for the bond market. Link to comment Share on other sites More sharing options...
mdporter Posted January 22, 2008 Report Share Posted January 22, 2008 Best of luck to all current and former Stoolies today. Link to comment Share on other sites More sharing options...
mdporter Posted January 22, 2008 Report Share Posted January 22, 2008 Cramer says we can have a 2000 drop in the DOW in the next few days if the government doesn't buy out Ambac, MBIA, etc and provide a .50 on the dollar guarantee for the bond market. 639051[/snapback] If such a buyout were in the works there would be rumors already. Going out of business is not a crime. If the business isn't viable it should close its doors and sell off assets to pay creditors. Leave the feds out of it. Link to comment Share on other sites More sharing options...
On The Beach Posted January 22, 2008 Report Share Posted January 22, 2008 Cramer says we can have a 2000 drop in the DOW in the next few days if the government doesn't buy out Ambac, MBIA, etc and provide a .50 on the dollar guarantee for the bond market. 639051[/snapback] PPT is on their 2nd cup of Joe... ?I?ve made this statement when the markets looked very good, and I?ve made it during times of volatility, but I will say that on global financial shocks, it?s very hard to predict them. I am comforted by the fact that we have a strong global economy and very healthy economy in the US, but it?s my job to be vigilant," Paulson said. BTW, covering remaining shorts and initiating small positions long TOPIX and short Govt. Bond today. Link to comment Share on other sites More sharing options...
Jetlag Posted January 22, 2008 Report Share Posted January 22, 2008 I'm very disappointed with the limited chinese correction. -7% isn't that much compared with what happened around the world and taking in consideration china's volatility parameters . Not the kick-off of a major correction like we see in parabolic bubble markets. Then again chinese bureaucrats might have a hand in this. Link to comment Share on other sites More sharing options...
Lemur Posted January 22, 2008 Report Share Posted January 22, 2008 rats, I covered my shorts too early, except for a few leftover March naked calls on AAPL, RIMM, GG that are only worth a few pennies and I held all my dongs crap 639048[/snapback] I know exactly how you feel shorty. Been gearing up for this move for months and completely missed it. Closed out my shorts Thurs. Got slightly burnt like you expecting a fri greenprint. My Gold stop (at $848) was hit and my EURGBP was also hit (breakeven stop). So instead of cleaning up in Jan. I made nothing. So feeling well pi$$ed off. Right now I am just watching. I am travelling home tomorrow so not that comfortable about putting on positions. Far too risky to short here. I still like gold though. They took it down just far enough to trigger my stop. Bastards. Link to comment Share on other sites More sharing options...
fxfox Posted January 22, 2008 Report Share Posted January 22, 2008 MDAX (German Midcaps) now green. Trading slightly above 8000 at the moment, low this morning was 7482. I see a bit too much excitement on this board right now. One should be a bit carefull. Link to comment Share on other sites More sharing options...
fxfox Posted January 22, 2008 Report Share Posted January 22, 2008 All Ords (daily) it was a religious follower of the EMA 200. Not anymore daily RSI right now at 9.99 i mean what is this? An invitation for da bulls? "Look, we made it extra cheap, not 10, no, 9.99!" Cant remember having seen a daily RSI of an major index closing at below 10. Dont say you havent been warned Link to comment Share on other sites More sharing options...
On The Beach Posted January 22, 2008 Report Share Posted January 22, 2008 I'm very disappointed with the limited chinese correction. -7% isn't that much compared with what happened around the world and taking in consideration china's volatility parameters . Not the kick-off of a major correction like we see in parabolic bubble markets. Then again chinese bureaucrats might have a hand in this. 639055[/snapback] Not surprising. The markets are fixed & currency is pegged. Ironically, if they had a flexible free market the World would be crashing MUCH more now. If they let the Yuan float, the ensuing depreciation of the US dollar might price oil out of the reach of the American economy, causing stagflation. Sooner that is.... Link to comment Share on other sites More sharing options...
Jetlag Posted January 22, 2008 Report Share Posted January 22, 2008 DAX found shpourt at 2006 closing price. Yes, all of 2007 gains were completely erased. The low was made at the 200week weighted MA. I think europe will be in standby mode, waiting for the US to confirm or deny yesterday's move. Although Asia went ahead and crashed some more overnight. Link to comment Share on other sites More sharing options...
Mies van der Rump Posted January 22, 2008 Report Share Posted January 22, 2008 Just read it was the worst, one day All-Ords performance in the last 18 years. The rate cut rumour is now out their also. Allegedly before open (sorry, no link...have been flying through sites this a.m.) Good luck all! Link to comment Share on other sites More sharing options...
aussiebear Posted January 22, 2008 Author Report Share Posted January 22, 2008 Hmmm footsie green...anything could happen and probably will... Mies, radio saying worst one-day performance since 2001 for All Ords but I'm not sure what they're basing that on... Link to comment Share on other sites More sharing options...
FauxCaster Posted January 22, 2008 Report Share Posted January 22, 2008 I'm very disappointed with the limited chinese correction. -7% isn't that much compared with what happened around the world and taking in consideration china's volatility parameters . Not the kick-off of a major correction like we see in parabolic bubble markets. Then again chinese bureaucrats might have a hand in this. 639055[/snapback] Yup, -7% in China is nothing more than a couple days worth of gains gone. Of course, I really don't expect the US markets to stay down for long. I wouldn't be one bit surprised to see green at close. Does anyone remember the WorldCom BK crash that took Europe waaaaaaaay down, and we closed green. For all I know, US firms are selling the heck out of the world markets to raise cash for a big ol' buying spree in the US. Seems to happen most of the time the rest of the world is down without taking its cue from the US. Link to comment Share on other sites More sharing options...
Mies van der Rump Posted January 22, 2008 Report Share Posted January 22, 2008 That would surprise me too if it was worse than '01, aussibear. Trying to process info too fast here, i need to slow down! :-) Futes easing off a teensy here @ -58. Link to comment Share on other sites More sharing options...
DrStool Posted January 22, 2008 Report Share Posted January 22, 2008 They're buying the futures. This should peak just before the open. Then look out. Link to comment Share on other sites More sharing options...
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