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Repeat Sept 30 Thread Title BWAHAHAHAHAHA!


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#1 DrStool

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Posted 03 October 2008 - 04:06 PM

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.

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Thanks to all who have called and emailed. I really appreciate it!

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#2 DrStool

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Posted 03 October 2008 - 04:10 PM

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.... :ph34r:

Is that about right Doc? :rolleyes:

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Don't ask me. I covered half way up this morning. :lol: :lol: :lol:

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. :lol:

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#3 mdporter

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Posted 03 October 2008 - 04:11 PM

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

:o
The men the American people admire most extravagantly are the most daring liars, the men they detest most violently are those who try to tell them the truth. -- H.L. Mencken

"Only a man who knows what it is like to be defeated can ... come up with the extra ounce of power it takes to win." - Muhammad Ali

"When plunder has become a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it." -- Claude Frédéric Bastiat

#4 Sudaca

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Posted 03 October 2008 - 04:12 PM

"Don't touch that dial! Because coming up next, after these commercials, on The Slope Of Hope.... The Fed Rate Cut!"
Thanks, David

#5 T_Slim

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Posted 03 October 2008 - 04:12 PM

Congressman Brad Sherman was just on BNN and was asked why he didn't vote yes. his response, "Because I read the bill" priceless.

#6 mdporter

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Posted 03 October 2008 - 04:13 PM

RAIL had another bad day on its way to $20 or less

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The men the American people admire most extravagantly are the most daring liars, the men they detest most violently are those who try to tell them the truth. -- H.L. Mencken

"Only a man who knows what it is like to be defeated can ... come up with the extra ounce of power it takes to win." - Muhammad Ali

"When plunder has become a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it." -- Claude Frédéric Bastiat

#7 DrStool

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Posted 03 October 2008 - 04:16 PM

October 3, 2008, a day that will live in infamy.

I shed tears for America today.

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#8 I_Am_Madness

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Posted 03 October 2008 - 04:16 PM

Check out this plunge.
Wowwy!

Who needs solar when cheap oil is back in town!

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Stop the Madness

#9 Bungster

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Posted 03 October 2008 - 04:20 PM

Check out this plunge.
Wowwy!

Who needs solar when cheap oil is back in town!

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Woa! No safe hiding places anywhere.....
"It's tough to make predictions, especially about the future" Yogi Berra
"If you believe people are rational beings, you will go through life frustrated and confused" Scott Adams
"Don't dig the dialog of denial"
"No, I don't know that atheists should be considered as citizens, nor should they be considered as patriots. This is one nation under God." George W. Bush

#10 hokahay

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Posted 03 October 2008 - 04:21 PM

"Don't touch that dial!  Because coming up next, after these commercials, on The Slope Of Hope.... The Fed Rate Cut!"

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"Confused? You won't be, after this episode of...Soap"
:P

#11 Jetlag

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Posted 03 October 2008 - 04:22 PM

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

#12 I_Am_Madness

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Posted 03 October 2008 - 04:23 PM

Check out this the collapse in the energy sector. 50% in 3 months.

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#13 mdporter

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Posted 03 October 2008 - 04:25 PM

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 $$$.
The men the American people admire most extravagantly are the most daring liars, the men they detest most violently are those who try to tell them the truth. -- H.L. Mencken

"Only a man who knows what it is like to be defeated can ... come up with the extra ounce of power it takes to win." - Muhammad Ali

"When plunder has become a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it." -- Claude Frédéric Bastiat

#14 Jetlag

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Posted 03 October 2008 - 04:25 PM

Check out this plunge.
Wowwy!

Who needs solar when cheap oil is back in town!

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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.

#15 Bungster

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Posted 03 October 2008 - 04:26 PM

Mining stocks continue to get pummeled.... Next stop $3.60?


"It's tough to make predictions, especially about the future" Yogi Berra
"If you believe people are rational beings, you will go through life frustrated and confused" Scott Adams
"Don't dig the dialog of denial"
"No, I don't know that atheists should be considered as citizens, nor should they be considered as patriots. This is one nation under God." George W. Bush





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