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Massive Selling Triggers Massive Decline


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#1 DrStool

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Posted 24 August 2009 - 04:02 PM

Boy! The bulls are in big trouble now! Wouldn't want to be in their shoes.

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#2 Ags Nightmare

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Posted 24 August 2009 - 04:17 PM

This guy was mad people weren't taking more risk..




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#3 briarberrys

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Posted 24 August 2009 - 04:23 PM

Bank health, we get to see if there's any truth to these rumours tomorrow...


Bank of Montreal next quarterly report is due on August 25

Amoss says this bank won’t be able to pay the promised $1.5 billion dividend scheduled later this year, which will precipitate a crash in BMO’s stock by December

http://whispersfromt...ut-to-fail.html



America is just a few days away from a possible day of reckoning. I again call attention to this day, August 25, when the Federal Deposit Insurance Corporation issues its 2nd Quarter report for 2009 on the state of health of American banks.

http://www.lewrockwe...i/sardi116.html



#4 Bungster

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Posted 24 August 2009 - 04:36 PM

Oh the inhumanitee.... :blush:

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#5 Jetlag

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Posted 24 August 2009 - 05:19 PM

Madoff still fooling everyone from behind bars

"Bernard Madoff, who is serving 150 years in prison for defrauding investors of billions of dollars, hasn’t been diagnosed with cancer and isn’t terminally ill as a newspaper reported, the Federal Bureau of Prisons said. "

http://www.bloomberg...id=aS7KGjfiSj98

#6 shorty

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Posted 24 August 2009 - 05:38 PM

like it or not, we topped out turday

looks to me like we're now in a free-fall, totally out of control, with the government powerless to stop it

fer example, the inturday action in BAC crapcommon was terrifying

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#7 Trader Joe

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Posted 24 August 2009 - 06:05 PM

"There is the plain fool, who does all the wrong things everywhere, but there is the Wall Street fool, who thinks that he must trade all the time. No man can can always have adequate reasons for buying and selling stocks daily -- or sufficient knowledge to make his play a successful play."

From Edwin Lefevre, Reminiscences of a Stock Operator

#8 T_Slim

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Posted 24 August 2009 - 06:08 PM

Bank health, we get to see if there's any truth to these rumours tomorrow...


Yes. Tomorrow.

#9 mdporter

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Posted 24 August 2009 - 06:17 PM

NEW YORK (CNNMoney.com) -- Shares of bailed-out mortgage finance giants Fannie Mae and Freddie Mac soared Monday, as investors try to piggyback on a rally in shares of government-backed financial companies.

Fannie (FNM, Fortune 500) shares rose nearly 50% in afternoon trading, while Freddie (FRE, Fortune 500) jumped almost 30%.

The mortgage giants' Monday rally was sparked in large part by a jump in the shares of companies like AIG (AIG, Fortune 500) and Citigroup (C, Fortune 500), said Paul Miller, anal cyst at FBR Capital Markets and Co.


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#10 Jorma

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Posted 24 August 2009 - 06:18 PM

like it or not, we topped out turday

looks to me like we're now in a free-fall, totally out of control, with the government powerless to stop it

fer example, the inturday action in BAC crapcommon was terrifying



The utter decimation in the aftermath of today's .56 point selloff has some people calling for Geithner's head. Reports of secret meetings at the CNBC offices at 30 Rock with Blackwater bigwigs could not be confirmed. Dennis Knele was seen weeping uncontrollably and Larry Kudlow was reportedly on a ledge near the 50th floor.

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#11 MrHanky

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Posted 24 August 2009 - 06:20 PM

I still say we are topping,gonna take some time though.

I have a few guesses for the next 6 months:




1.SPX to 800 or less

2.Bond yields hit NEW LOWS.

3.Oil to 25 or less

4.Muni's RALLY another 20%+ from here


My only position is Muni's....Lots of em.

Nothing


#12 Trader Joe

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Posted 24 August 2009 - 06:30 PM

The utter decimation in the aftermath of today's .56 point selloff has some people calling for Geithner's head. Reports of secret meetings at the CNBC offices at 30 Rock with Blackwater bigwigs could not be confirmed. Dennis Knele was seen weeping uncontrollably and Larry Kudlow was reportedly on a ledge near the 50th floor.


Blackwater Worldwide renamed Xe as company tries to salvage its tarnished brand
Just Sayin'

#13 Ags Nightmare

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Posted 24 August 2009 - 06:32 PM

Bear markets now consist of closing off the highs.....the devil channel was livid today that "investors" wouldn't step up and take on risk.....

Even this POS is ramping....These would look spiffy at the night club...




The insatiable desire to chase trash is breathtaking....
"I went out and bought an Apple Computer; it had a worm in it"....."When I was born, I was so ugly that the doctor slapped my mother"....'I played hide and seek; they wouldn't even look for me.'- Rodney Dangerfield

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#14 Jorma

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Posted 24 August 2009 - 07:08 PM

Blackwater Worldwide renamed Xe as company tries to salvage its tarnished brand
Just Sayin'



I came within a hairs breath of working for the Prince families company many years ago. Fine company to work for if sort of paternalistic. Was privately held and they took it public to cash out in the late 90's. Perfect timing. Same as another West Michigan company, Steelcase. Like Prince they paid well, mostly through bonuses. Obviously bonuses died the instant they were public corporations. I knew some people working for both and the moment I heard they were going public told them to get ready for a huge wage haircut. None of them believed me. Go figure.

That guy Eric with the haircut I had when I was 5, cowlick and all, is a real piece of work.

War is the last great hope of the incompetent to order the unwilling to attempt the impossible.
William Eastlake 'The Bamboo Bed'

Change you can suspend your disbelief in.
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The Treasury

could burn down

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#15 shorty

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Posted 24 August 2009 - 07:12 PM

gappin' down almost another full pernt in the night session :ninja:

gov't needs to step in here quickly to prevent blood in the streets

they'll probably force cramdowns on the margin man

underwater stockowners will git their loan principal reduced, tax-free, down to the current markit value of their common

it's the right thing to do, they're innocent victims

this way everybody wins

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