Vote, will we be up? or down?

[qwerty_IHB]

I say it goes down. Obama's speech left much to be desired regarding the economy. Too much ra-ra and chearleading, something Obama seems to be very good.

 

[graphrix_IHB]

I vote robusto, unless Geitner gets near a camera, then we're dead.

Oh yeah. I'm 100% with you on that one. If it was Geithner, I wouldn't even have an Up and Flat. It would just be a one vote button for DOWN and then state how many pts per second!

Well... he is speaking tomorrow on the bank bailout. So, you may get your wish. But... Bernanke is testifying tomorrow too. Volatile day then?

 

[Oscar_IHB]

It'll go up, unless it goes down. Or vice-versa.

 

[awgee_IHB]

I do not have a clue as to what the market will do tomorrow.

If you don't, no one does. My guess is down - BHO's speech did nothing to assuage those who fear/sense nationalization of BofA/Citi. That's my two cents - probably worth 0.5 cents.

Thanks for the vote of confidence, but I would hate to see it misplaced. I am not much of a stock picker, nor have I ever claimed to be. And I have never had any idea what the equities market might do from one day to the next.

 

[bltserv_IHB]

Yesterday was a short cover rally.

That housing number hit it for 50 points this morning.

50 % of alltransactions are distress. Thats ugly.

Still in a domino effect with much more pain to come.

My biggest fear is still something unforseen that just

sends us down 1000. Then we find ourselves in the 5000 range

for most of a couple years. We are possibly looking at a textbook depression.

"Though there is no widely accepted definition for an economic depression, according to an article in The Economist, there are two rules of thumb found widely on the internet. One is a decline in real GDP exceeding 10%, and the other is a recession lasting 3 or more years."

Looks like more Ponzi companies are going to surface.

Like Buffet said. When the tide goes out we will see some people

that were in the water without clothes.

I think we will continue to post new lows for several days. Off 162 as I type. Yuck.

 

[no_vaseline_IHB]

I vote robusto, unless Geitner gets near a camera, then we're dead.

Oh yeah. I'm 100% with you on that one. If it was Geithner, I wouldn't even have an Up and Flat. It would just be a one vote button for DOWN and then state how many pts per second!

Well... he is speaking tomorrow on the bank bailout. So, you may get your wish. But... Bernanke is testifying tomorrow too. Volatile day then?

Absolutely.

 

[stepping_up_IHB]

Yesterday was a short cover rally.

That housing number hit it for 50 points this morning.

50 % of alltransactions are distress. Thats ugly.

Still in a domino effect with much more pain to come.

My biggest fear is still something unforseen that just

sends us down 1000. Then we find ourselves in the 5000 range

for most of a couple years. We are possibly looking at a textbook depression.

"Though there is no widely accepted definition for an economic depression, according to an article in The Economist, there are two rules of thumb found widely on the internet. One is a decline in real GDP exceeding 10%, and the other is a recession lasting 3 or more years."

Looks like more Ponzi companies are going to surface.

Like Buffet said. When the tide goes out we will see some people

that were in the water without clothes.

I think we will continue to post new lows for several days. Off 162 as I type. Yuck.

I just read this week that Japan's decline in GDP last quarter was 13%. Is that right?

 

[biscuitninja_IHB]

HA! I had a good idea that it would tank. I should have invested in GG for a nice little gain.

-bix

 

[bltserv_IHB]

Yesterday was a short cover rally.

That housing number hit it for 50 points this morning.

50 % of alltransactions are distress. Thats ugly.

Still in a domino effect with much more pain to come.

My biggest fear is still something unforseen that just

sends us down 1000. Then we find ourselves in the 5000 range

for most of a couple years. We are possibly looking at a textbook depression.

"Though there is no widely accepted definition for an economic depression, according to an article in The Economist, there are two rules of thumb found widely on the internet. One is a decline in real GDP exceeding 10%, and the other is a recession lasting 3 or more years."

Looks like more Ponzi companies are going to surface.

Like Buffet said. When the tide goes out we will see some people

that were in the water without clothes.

I think we will continue to post new lows for several days. Off 162 as I type. Yuck.

I just read this week that Japan's decline in GDP last quarter was 13%. Is that right?

Yes. Down 12.7% Very bad indeed. Saddly I think we are going down the same path as the Japanese by artifically trying to pump the economy and subsidize low intererst rates and bailouts to the guilty.

Interesting article in Forbes says the same thing I predict. Lost years of deflation.

http://www.forbes.com/2009/02/20/japan-america-recession-opinions-columnists_john_tamny.html

 

[jbenko_IHB]

HA! I had a good idea that it would tank. I should have invested in GG for a nice little gain.

-bix

Votes though are fascinating to watch. We were dead even until futures indicated a lower open and eventually leading to a lower open. Votes for the market to go down skyrocketed!

I wonder if the other votes will catch up if this market turns positive. I think it will.

 

[tmare_IHB]

HA! I had a good idea that it would tank. I should have invested in GG for a nice little gain.

-bix

I haven't heard the fat lady sing yet, I'm still holding on to my "flat" prediction.

 

[esq4_IHB]

HA! I had a good idea that it would tank. I should have invested in GG for a nice little gain.

-bix

I haven't heard the fat lady sing yet, I'm still holding on to my "flat" prediction.

My guess, it'll close down 150-225. The market seems to hate Obama.

 

[jbenko_IHB]

HA! I had a good idea that it would tank. I should have invested in GG for a nice little gain.

-bix

I haven't heard the fat lady sing yet, I'm still holding on to my "flat" prediction.

My guess, it'll close down 150-225. The market seems to hate Obama.

Technicals are telling me different. They are just technicals though. +180 at close.

This will be exciting either way.

 

[biscuitninja_IHB]

er... i might have spoken too soon. Where the hell did the rally come from?

Either way i'm covered, but if they stay down, i'll just just a smidge more "win".

-bix

 

[no_vaseline_IHB]

er... i might have spoken too soon. Where the hell did the rally come from?

ROBUSTO!

 

[Oscar_IHB]

It'll go up, unless it goes down. Or vice-versa.

I totally called it!

 

[esq4_IHB]

HA! I had a good idea that it would tank. I should have invested in GG for a nice little gain.

-bix

I haven't heard the fat lady sing yet, I'm still holding on to my "flat" prediction.

My guess, it'll close down 150-225. The market seems to hate Obama.

Technicals are telling me different. They are just technicals though. +180 at close.

This will be exciting either way.

Wow. I'd love to see it. It's looking flat now - agreed, interesting either way.

Looks like the down predictions didn't account for this:

http://finance.yahoo.com/news/Treasury-says-big-banks-can-apf-14468316.html

 

[jbenko_IHB]

Fascinating to watch. It's like a battlefield, a war. Troops are marching forward pushig through enemy resistance lines. At times, they are failing, but they come back with more troops to push through the next resistance. Right now...Nasdaq $29.20 would be a big one to break through...

Thats how I view trading everyday...a battlefield...makes it more interesting than just staring at flikering lights. Gotta keep myself entertained...maybe i'm just going crazy.

 

[jbenko_IHB]

Aww...well I would declare this a down day, so hats off to those that voted down. If it closed down 40 or so, I would call the pretty flat. Definately not up, but a good run from its lows.

 

[upperlowerclass_IHB]

I was right about the market direction, but still lost money today.....