OT: Stock Markets crashing globally --- safer betting...

new2betting · 02-27-07, 08:06 PM

Just saw an analyst say on TV that gambling is banned in China that is why the locals gamble on the stock markets instead. I have no idea if they trade on margin over there... if they do... it could end-up bloody. Waiting for China to start trading today.

This affects the whole world and could spill-over to sports betting and everything else that deals with "investing".

althelegend · 02-27-07, 09:09 PM

Markets were due a correction. Will resume upwards path in a few days time.
There is no other substantive reason for the drop.

capitalist pig · 02-27-07, 09:56 PM

Markets will continue to fall this week. Right now margin debt on stocks is at its 2000 level. All those margin calls that went out this afternoon will have to be made good on in the next couple days.

JMO, later

durito · 02-27-07, 10:32 PM

What's happened is hardly a crash. Most markets were do for a correction and may still fall further. They're still up a ton the last few years.

China fell 8% yesterday and is still up quite a bit for the year.

Sam Odom · 02-27-07, 10:33 PM

Buy Fri morning

this is just a correction

new2betting · 02-27-07, 10:54 PM

Originally posted by Sam Odom

Buy Fri morning

this is just a correction

Just goes to show that you seem to be a stock market beginner.

The trend has reversed downward and buying on Monday would only make you get caught inside the downward spiral.

If there is an upward tick...it is just short-covering.

durito · 02-27-07, 11:33 PM

Originally posted by new2betting

Just goes to show that you seem to be a stock market beginner.

The trend has reversed downward and buying on Monday would only make you get caught inside the downward spiral.

If there is an upward tick...it is just short-covering.

you think markets are "crashing" and you are calling someone else a beginner?

ShamsWoof10 · 02-28-07, 12:40 AM

I agree the market was due for a correction but I think it's manipulated TOTALLY and the media misquoted Greenspan probably on purpose to shake some people out... It will open down and might keep dropping becaue they could not finish putting in sell orders today since there was so many.. It went from -340 to -540 in a FEW MINUTES which I have NEVER seen it do but I expect this to become more regular on the up and down sides... After a bad open the Federal Reserve will come to the rescue and it will ralley at the end of the day tomorrow...

new2betting · 02-28-07, 12:46 AM

Originally posted by durito

you think markets are "crashing" and you are calling someone else a beginner?

Well, if you think losing a whole year's worth of gain in one day is not a start of a crash...then let see the headlines soon. And we will post it here.

Whatever upticks would be "dead-cat bounces" on short-covering then the trend will continue downward.

Go ahead and buy then...

The markets are down right now... all at the same time. This is the 2nd day... http://money.cnn.com/data/world_markets/

Ganchrow · 02-28-07, 05:00 AM

S&P Globex up almost 1% ...

durito · 02-28-07, 11:40 AM

Originally posted by new2betting

Well, if you think losing a whole year's worth of gain in one day is not a start of a crash...then let see the headlines soon. And we will post it here.

Whatever upticks would be "dead-cat bounces" on short-covering then the trend will continue downward.

Go ahead and buy then...

The markets are down right now... all at the same time. This is the 2nd day... http://money.cnn.com/data/world_markets/

I'm not advocating buying. I've thought the US markets are due for atleast a 10% (maybe 20) correction for sometime now.

All I've said, was yesterday was not a crash.

Which market lost a years worth of gains?. A year being 12 months. Not the first 2 months of this year.

Sam Odom · 02-28-07, 11:56 AM

Originally posted by new2betting

Just goes to show that you seem to be a stock market beginner.

Buy SPY on Friday morning. My best bet this week.

.

new2betting · 02-28-07, 09:24 PM

Originally posted by Sam Odom

Buy SPY on Friday morning. My best bet this week.

.

Okay will check out the spyders.

Market down 3% then up .5%... still down overall. Looking at the charts, does not look good at all.

Lower lows and lower highs...where does this go? To football

Sam Odom · 02-28-07, 09:28 PM

Ever heard of a correction ? I would like to see -2% more on Thurs, that would be 5% which is about right. Altho, didnot expect to see it in 3 trading days

ShamsWoof10 · 02-28-07, 09:34 PM

naaaahhh It didn't go quite as I thought today but it did finish higher...figures... this shit is so ****in' fixed... The media is way too bearish and fades in this is even better... First of all why does Greenspans comments even matter he's out... They matter because the media headlines it and wrong at that to sway public opinion... Same in sports.. I usually fade what's on the cover of Don Best and it's about 75%.. Marryland was on today... let's see...

Sam Odom · 02-28-07, 09:38 PM

Originally posted by ShamsWoof10

The media is way too bearish and fades in this is even better...

I love it when the "sky is fallin" media are calling for doom and gloom

new2betting · 03-01-07, 09:56 AM

It's headed back to where it is supposed to go. ...

Lower lows and lower highs. Is this the beginning of the end....

Let's just back Nadal and Hingis.

Cheers!

bigboydan · 03-05-07, 01:54 AM

Looks like the market is going to endure another big blow Monday morning when it opens up this morning. The Japan and China stock exchanges is currently down over 600 points (give or take)so far.

new2betting · 03-05-07, 05:29 AM

Originally posted by Sam Odom

Ever heard of a correction ? I would like to see -2% more on Thurs, that would be 5% which is about right. Altho, didnot expect to see it in 3 trading days

It seems the markets are headed even lower as I predicted.

Lower lows and lower highs = down!!!

And if you followed your post about buying on Friday, you would be losing by monday.

Cheers!

new2betting · 03-05-07, 05:32 AM

Originally posted by durito

you think markets are "crashing" and you are calling someone else a beginner?

Well, everyone is calling it a crash and this is not a "local" case but a global one. It is the whole world that is on a downtrend and not only Asia or Europe or the US (alone).

Well, if you think I am a beginner...this time the beginner was correct versus the so-called experts.

RageWizard · 03-05-07, 12:53 PM

You guys are acting like you can only invest in the stock market by having stocks make gains. I'm here to tell you that I have been shorting the QQQQ, DIA, and IM and making lots of money doing it. The market (S&P) will bottom out (probably today or tommorrow) and make a "W" formation on a chart over a couple weeks time. It is only seing the first bottom, there will be a rally then a failure and hopefully a compitulation with the failure so that we will get the dow to about 11,800. Then it will be time to load up for the next train ride.

NotsoGoodMan · 03-05-07, 02:31 PM

Originally posted by RageWizard

You guys are acting like you can only invest in the stock market by having stocks make gains. I'm here to tell you that I have been shorting the QQQQ, DIA, and IM and making lots of money doing it. The market (S&P) will bottom out (probably today or tommorrow) and make a "W" formation on a chart over a couple weeks time. It is only seing the first bottom, there will be a rally then a failure and hopefully a compitulation with the failure so that we will get the dow to about 11,800. Then it will be time to load up for the next train ride.

I concur! Cheers

ShamsWoof10 · 03-05-07, 02:33 PM

No way this is a crash... A correction yes but hardly a crash loccally or globally... It's coming but this is not it... The DOJ as an example is down 500 points but let's not forget it was hitting ALL TIME highs for a while... If this is a crash then what would you call 02' when it went from 10,000+ down to 7,286 in three months..? That was not a crash either... I am still of the belief that the market will make it's next run UP not down and probably after we have a HYPERinflationary phase will there be a crash but I will admit I do not know... We are Germany of the 1920's and 30's... They played the bad guy then we are playing it now...

durito · 03-05-07, 08:25 PM

Originally posted by new2betting

Well, everyone is calling it a crash and this is not a "local" case but a global one. It is the whole world that is on a downtrend and not only Asia or Europe or the US (alone).

Well, if you think I am a beginner...this time the beginner was correct versus the so-called experts.

Who is everyone? Do you work in finance?

Markets have clearly been down the last week, and as I said before I think they will continue to go down. However, by NO definition whatsover has there been a stockmarket crash.

The last 4 years have been the longest period without a one day 2% fall in the DOW in history. It was long overdue, but hardly a crash.

In fact, the 416pt drop on tuesday was only the 237th largest percentage decline since 1900.

BrentCrude · 03-05-07, 08:59 PM

We do have a planned and false economy!

The real term for our economy is Keynesian.That means that everything is created out of thin air by government spending.It doesn't have to be meaningful to contribute to the economy,just big,brash and bloated where somehow everyone has a pocketfull of printed up worthless funny money to buy STUFF they don't need.When you do this,you have just created a smoke and mirrors false economy.

Ask a woman who looks like she has means in her 30's and 40's and it's a good chance she will say she is employed in healthcare taking care of hypochondriacs that pay her wages with entitlement checks and money the old farts didn't deserve receiving.

Does anyone here ever read the engagement sections in their local newspaper?Look at the jobs these people list as the profession.80% are somehow attached to government spending and are meaningless non productive fluff makework jobs with fancy sounding titles.Hmmm,a couple that come to mind are diversity admissions councilor,early childhood evaluation therapist and special needs departmental administrator.

Look at a farm and what do you see?I see a farmer collecting subsidies and it's welfare.Look at a football stadium,baseball stadium or arena and what do you see?I see a pro sports team owner who's getting a welfare check from the tax payer.

In our country right now only stupid and unfortunate people work as wage slaves just getting by.Smart people jump on board the government gravy train and take all they can get from the government whether it be a freebie entitlement check or a meaningless makework job that pays them handsomely.

Sorry to say but we have socialism in this country.

tacomax · 03-05-07, 09:56 PM

Originally posted by BrentCrude

The real term for our economy is Keynesian.That means that everything is created out of thin air by government spending.It doesn't have to be meaningful to contribute to the economy,just big,brash and bloated where somehow everyone has a pocketfull of printed up worthless funny money to buy STUFF they don't need.When you do this,you have just created a smoke and mirrors false economy.

I don't know what you're describing but it sure as shit ain't Keynesian economics. The general theory (and remember it's still a theory on how the economy works, not a definitive instructional guide) was that aggregate demand was the driving factor of the economy and so governments could use policy to increase demand at a macroeconomic level.

And since the 1970s it has generally been considered a pile of crap.

ShamsWoof10 · 03-05-07, 10:39 PM

Well I tend to agree with BCrude on a few points and one for sure is we live in a socialist society... The governments and banks play the same joke on all of us... The banks use "fractionalized banking"..meaning that if everyone went to the bank to get their money it's not there and the same money is lent out several times at once... The same with funny money... If everyone went and spent their money there would not be enough good and services available for it...

new2betting · 03-06-07, 02:18 AM

Okay if it is not a crash... then it is a plunge with some panic selling and heavy correction already for a couple of days.

Anyway, without being too technical on the definition of a crash (which could be a 1,000 pt single day drop or a 1,000 point 4-day drop), the markets are still moving downward with panic selling.

ShamsWoof10 · 03-06-07, 02:51 AM

It's all relative man... we had 3-400 pt. moves IN A DAY FOR WEEKS when the market went through the summer of 02' and it was between 8-10K... Now to get the same percentage move you need it to move 600+ in a day... At the end of 03' it dropped from 10,7 to 10, or so in about a week or two the last part of Dec.. This has happened a few times in the last 3 years.... The Fed. is the main player in the market... This shit will finish well over 13K by the end of the year but in real terms it will still be lower... For example the market was at 12K in 2000' and since has gone up down and now right at 12K but relative to inflation is it the same..? NO!! To boot media lies about the inflationary figures.. (what don't they lie about?) From the time I started my helmet business the cost of helmet accessories and shipping has about doubled and so has energy overall... Things we buy daily have doubled so this 2-3% inflation is bullshit..

I hope none of you mind I am going to post a thread about my game helmets..

Thanks

jjgold · 03-06-07, 07:25 AM

I think onne of the best ways to trade are S&P index Futures but you better have tight stops.

durito · 03-06-07, 11:23 AM

Originally posted by new2betting

Okay if it is not a crash... then it is a plunge with some panic selling and heavy correction already for a couple of days.

Anyway, without being too technical on the definition of a crash (which could be a 1,000 pt single day drop or a 1,000 point 4-day drop), the markets are still moving downward with panic selling.

Everything is up today.

And the amount of pts dropped is irrelevant. The % is the only important factor. If you look at pts, yes last tuesday was one of the biggest drops in the dow ever, but on a % basis, it's nothing. The bovespa in Brazil is allready up over 1,000 pts today, yet it's really not that big a deal since the index is at around 42,000.

Cyclone · 03-07-07, 01:03 AM

Let's Settle This Like Men

If you guys want to see who the best trader is, CNBC is having a trading contest. First prize is $1 million.

new2betting · 03-14-07, 12:05 PM

Here we go again downward.... still safer betting.

cheers and good luck!

ShamsWoof10 · 03-14-07, 12:13 PM

You gotta love our programmers (the media)... They claimed one of the reasons we were down so much the week of the 400 point drop was because of China's markets... They constantly mentioned how they were down 10% in one week.. THEY DID NOT MENTION that China was up 13% over the last three weeks for even after that correction they were STILL UP 3% but I heard NO ONE mention that.. Any guesses as to why ?