sell! sell! sell!

[Dawoofdaddy]

Expecting an all out kamikaze attack from the bernanke helicopter squadron post 2pm.

This is a do or die day for them and a full serving of crow for the bens' fed and market if it falls after the big opening.

They didnt put that 20 bln into the banking system this morning for nothing...they are going to use it to keep market from tanking.

Citicorp finally named a new ceo and another firm announced citi is the top short for 2008.

LOL

 

[cussin'it]

Bombs' away!!!

 

[Dawoofdaddy]

2008 will be a year, economically speaking, that we will never forget.

A depression is in the cards for 2008.

The helicopter squadron is getting backdoored.

Huge plate of crow for bernanke and the federal reserve.

Wow.

:hanging:

 

[Dawoofdaddy]

Hey Hitman..........

This post is for you.

:trx-smly0





:nohead:

 

[Hitman26]

I don't blame you. Everytime I try to be an asshole (like this morning at the open) this kind of stuff happens to me.



I deserve it.

 

[cussin'it]

Relax Hitbro, let em sell and get their profits, makes for some good discounts coming up.

 

[tiznow]

oopsie fed talk didn't work

gap and crap

 

[tiznow]

Relax Hitbro, let em sell and get their profits, makes for some good discounts coming up.

yeah maybe in 2-3 years :toast:

 

[cussin'it]

Give it some time, knee-jerking only lasts a few days bro

 

[tiznow]

"knee-jerking" lasted a long time in 2000-2002

and bear markets in general

not for faint of heart and give you hope all the way down

 

[Hitman26]

Relax Hitbro, let em sell and get their profits, makes for some good discounts coming up.

I'm making a shopping list.

 

[cussin'it]

WDC, Sohu

 

[Willie99]

"knee-jerking" lasted a long time in 2000-2002

and bear markets in general

not for faint of heart and give you hope all the way down

2000-2002?

Well, for openers, we know there will be no dotcom bust.

are you predicted another 9/11 Tiz?

when are you in a bear market again? just when prices are off historical highs?

why are we in a bear again? no jobs? people not spending money? no profits?

 

[tiznow]

9/11 did little to the economy itself

yeah maybe a few people stopped flying intially and such

but like bush said go out and be patriotic and shop

the underlying fundamentals why market dropped not 9/11

hurricanes and other disasters in general are good for the economy promotes rebuilding, gives the country a feeling of being generous (buying stuff for others) and patriotic etc.

plus government obviously overspends in an inefficient manner

 

[tiznow]

as for why i'm a bear is because i think the markets topped in october and we are entering a bear

the home/credit crises will not be stopped by the fed from filtering into the relentless consumer which is 75% of our economy, and than once that happens jobs loss will happen, as well home loss etc....

jobs are lagging indicator

and the economic pundints don't say we are in a recession till we are typically 20% or more off the market highs

 

[tiznow]

plus big picture my feeling is a secular bear market started in 2000

if you take the markets in nominal terms its not above 2000 levels and obviously nasdaq is no where near its 2000 level

secular bears on average span 17 years

with cyclical bulls contained within

last 5 years was cyclical bull IMO

which was also helped by super easy credit practices as well as dollar falling hard that are now rearing its ugly head

 

[Willie99]

9/11 did little to the economy itself

yeah maybe a few people stopped flying intially and such

but like bush said go out and be patriotic and shop

the underlying fundamentals why market dropped not 9/11

hurricanes and other disasters in general are good for the economy promotes rebuilding, gives the country a feeling of being generous (buying stuff for others) and patriotic etc.

plus government obviously overspends in an inefficient manner

9/11 helped extend the "bear market". Thats what we are talking about.

The underlying fundamentals that caused the dotcom market collapse are not present today. That market was built on speculation, not profits.

 

[eek.]

... Casper

lol.
Whatever does happen out there, it won't be because of anyone in here...

My own gut feeling is that things overall are just going to continue to flop about, like they have for this entire 8 year presidency.

If you want to make money then you'll have to find a growth sector like energy has been over the last 8 years.

With a bit of fiscal responsibility America could bounce back pretty fast.

 

[tiznow]

9/11 helped extend the "bear market". Thats what we are talking about.

The underlying fundamentals that caused the dotcom market collapse are not present today. That market was built on speculation, not profits.

the profits they were getting weren't built on the foundation of tons of debt on the consumer side and also on the corporate side, techies were flush with cash, people were in good credit standing, job growth was humongous etc...

and growing at insane rates so the market gave them extreme p/e valuations

onces the growth stopped they fell

 

[tiznow]

at the surface now things don't look bad as far as valuations go but my belief is the credit crunch will ultimately spread, debt imploding to some extent, and will affect profits in all markets.