I'm calling a stock market bottom today for 2008.

[ShamsWoof10]

I think the doom and gloom is over sold here. In fact it could be set up for a powerful rally. Projections of flat and even negative GDP growth are way way off imo. The consumer is not going anywhere. The credit crunch is isolated to housing.

I think "doom and gloom" is nothing more then a way for people to put another bad label on something... It is a general INACCURATE term!

I don't not believe you are correct about the credit crunch being isolated to only housing... I think it's in Auto, CC's, and Mortages... The other two will see their day shortly as the trickle effect from housing takes hold... It's causing a loss of jobs and income...

Remember when the DJ went up to around 15k and then dropped to 8k?

NO!

[DrunkenLullaby]

NO!

That makes 2 of us Shamsy!

[RageWizard]

I think "doom and gloom" is nothing more then a way for people to put another bad label on something... It is a general INACCURATE term!

I don't not believe you are correct about the credit crunch being isolated to only housing... I think it's in Auto, CC's, and Mortages... The other two will see their day shortly as the trickle effect from housing takes hold... It's causing a loss of jobs and income...



NO!

You're absolutely right, the sub-prime stuff only started the credit house of cards falling. Also I wonder if the average American Idiot has figured out that they are making less money now than just 5 years ago with the value of the dollar so low. The Canadian dollar is worth more for christ sake. Has anyone been to Europe in the last year or so? My wife and I visited the Amsterdam last summer for vacation because I like to smoke pot, look at both kinds of dikes, and windmills,but thats off point. The value of the dollar against the euro is unbelievable. It cost me about 5 dollars U.S. for 1 cup of coffee.

[pico]

I know its a real long shot. Probably crap down 200 tomorrow. I do think the feds will come to the rescue and a bottom is near. Bonds are a good play here.

Anyone buying in here?

bond and gold are over bought, imo

[ShamsWoof10]

You're absolutely right, the sub-prime stuff only started the credit house of cards falling. Also I wonder if the average American Idiot has figured out that they are making less money now than just 5 years ago with the value of the dollar so low. The Canadian dollar is worth more for christ sake. Has anyone been to Europe in the last year or so? My wife and I visited the Amsterdam last summer for vacation because I like to smoke pot, look at both kinds of dikes, and windmills,but thats off point. The value of the dollar against the euro is unbelievable. It cost me about 5 dollars U.S. for 1 cup of coffee.

No I would say not...

HAHAHAHA I do too but I guess that's obvious...

What are dikes and windmills..?

That makes 2 of us Shamsy!

Guys I have been a big gold and silver guy since 02' BUT there is one thing that worries me about that...NANO... Yeah I understand there is some serious progress being made in "molecular manufactoring" and we could see a day in the not to distant future where you will be able to change an element from one element to another... Gold to Silver ..Copper to Gold... Tacomax to Owned... Owned to Tacomax... This would make almost all commodities go to 0... This is a very real technology and it's pretty damn exciting if you ask me...

[RageWizard]

What are dikes and windmills..?


No joke here, as a student of sciences, I like to see the latest in dikes (big pile of dirt to hold water back, or 2 chicks driving a jeep) and windmills ( basically an airplane prop on a stick used to generate electricity).

[ShamsWoof10]

What are dikes and windmills..?


No joke here, as a student of sciences, I like to see the latest in dikes (big pile of dirt to hold water back, or 2 chicks driving a jeep) and windmills ( basically an airplane prop on a stick used to generate electricity).

Oh ok those dikes and windmills...

I see you are into sciences... Are you familiar with NANO TECH at all..???

[RageWizard]

Oh ok those dikes and windmills...

I see you are into sciences... Are you familiar with NANO TECH at all..???

I'm kind of at the other end of the spectrum MEGA-TECH. How large can you safely build something such as a windmill, dam, or exactly how high can you pile shit, things like that. I know that nano-tech is a fastly developing field and maybe one day when my employer finally collapses under its own weight I will check it out.

[ShamsWoof10]

I'm kind of at the other end of the spectrum MEGA-TECH. How large can you safely build something such as a windmill, dam, or exactly how high can you pile shit, things like that. I know that nano-tech is a fastly developing field and maybe one day when my employer finally collapses under its own weight I will check it out.

That's hilarious!

MEGA-TECH.. wow I bet that is quite interesting... I hope you don't lose your job but I bet the change from MEGA to NANO would be interesting as well....

I understand that every major university has a major contract with a company in the industry to develope this technology...

[Dark Horse]

Could be a great call John. I didn't realize grand wizard Bernanke was scheduled to speak. Market now pricing in a 50 pt rate cut, so for the rest of the month we're back to bad news is good news.

[DrunkenLullaby]

IThe consumer is not going anywhere. The credit crunch is isolated to housing.

Care to reconsider John?

http://biz.yahoo.com/ap/080110/american_express_outlook.html

That + COF makes 2 in one day. DFS and the others won't be far behind. B of A can buy Countrywide if they want, but it ain't gonna keep the streets free of blood for long. The consumer is going somewhere - they're going out on the street, once they max out & default on their credit card lifeline.

[Wrigley]

Stock to watch Tick symbol COIN they are big in to organics and many cities have now starting organic collection it could be the next thing everyone needs to do someday.

And they are the company ciries starting organic programs may turn to.

Trading at 7.19 at time of this post

(3 trading days later COIN trading at 12.58
up .28 today on a big down day Ag is the place to be in this market)

[SBR_John]

So far so Good!

With earning season upon us its going to be a choppy ride. I think the 4th qtr 07 is fine but guidance going forward will likely be lowered. Could be some sell offs but once we are through this 3 week period it will get going again.

[teazeman]

So far so Good!

With earning season upon us its going to be a choppy ride. I think the 4th qtr 07 is fine but guidance going forward will likely be lowered. Could be some sell offs but once we are through this 3 week period it will get going again.

personally don't see an uptick till 2nd qtr, market lacks leadership from industry or government. add 9 weeks to your predictions and we are on the same page.

[Wrigley]

For what its worth Cramer just said we hit the bottom on mad money a few minutes ago.

He also said your better off buying a lotto ticket then Etrade sounds like he thinks etrade will go bankrupt.

So dont buy etrade long term but maybe a good day trade stock

[DrunkenLullaby]

Well, Big Ben's words of encouragement + B of A's Countrywide bailout sure helped this market.....for a day.

Beware of the consumer carnage to come my friends!

[DrunkenLullaby]

For what its worth Cramer just said we hit the bottom on mad money a few minutes ago.

...and if we needed any further proof that the worst was yet to come, this clown Cramer called a bottom.

[ShamsWoof10]

...and if we needed any further proof that the worst was yet to come, this clown Cramer called a bottom.

I agree "Drunkin'L"! When I read that the other day it actually was the only thing that made me reconsider my opinion... I thought we had hit a bottom and when I read that I said to myself.."Guess not"...

[DrunkenLullaby]

That annoying **** makes me even more thankful that Bloomberg TV exists, Shamsy. I can't stand the CNBC circus.

[RageWizard]

Another great day to be short the market. I think I'll find a bargain to buy before the close put in a tight stop and see what happens monday after a weekend full of hype from CNBC and now FOX Bus. Maybe I can pick up some lunch money.

[Dark Horse]

My take on this market? As usual, the American public is picking up the tab for American corporate greed...

But there are always opportunities. INP, the Indian ETF I mentioned here a few months ago, when it was around 58, closed today at 112.

[DrunkenLullaby]

How's Jim Cramer's call doing?

[ShamsWoof10]

How's Jim Cramer's call doing?

HAHAH Pretty good DL... It looks like he got this one... I hate that f*cker but he's on so far...

[DrunkenLullaby]

HAHAH Pretty good DL... It looks like he got this one... I hate that f*cker but he's on so far...

Huh?

He had called a bottom about 500 points ago, Shamsy.

[RageWizard]

I think the market is going into rollercoaster mode. The plunger team will be back in action tommorrow with some more liquidity or some asswipe from the fed will be talking about cutting rates. This will cause the market to go up ( people like myself covering short positions) 100 for a day. then back down 250 the next. Stay short the dow etf and the s&p 500 etf. Its been a big winner for me since the day after Christmas.

[RageWizard]

Here is my short covering rally play for tommorrow. The small and midcap stocks of the Russell IWM at 69.65 with a stop at 69.40

[RageWizard]

i'm gonna hit the QQQQ (nasdaq) at 46.76 with a stop at 46.00

I forgot to mention that for each post the amount of shares is 100.

[ShamsWoof10]

Huh?

He had called a bottom about 500 points ago, Shamsy.

Oh my bad that's right... I'm tarded... I just finished a bowl and posted another "unusal experience" ... Sorry bro...

What a f*ckin' clown that dude is...

I think in an earlier post I said I thought the markets had a bottom until you came on and told us he called a bottom...

Well at least the media is consistant... You can fade them on anything... The weather use to be a good one but they have gotten better with that...

[DrunkenLullaby]

I think the market is going into rollercoaster mode. The plunger team will be back in action tommorrow with some more liquidity or some asswipe from the fed will be talking about cutting rates. This will cause the market to go up ( people like myself covering short positions) 100 for a day. then back down 250 the next. Stay short the dow etf and the s&p 500 etf. Its been a big winner for me since the day after Christmas.

I don't think all the rate-cutting talk in the world can help right now. After Bernanke last week, there's no gas left in that tank. Only strong earnings by Intel or some anti-recessionary data tomorrow can really give the Dow legs.

[RageWizard]

Here is my short covering rally play for tommorrow. The small and midcap stocks of the Russell IWM at 69.65 with a stop at 69.40

I'm sorry my stop is way too tight , I changed it to 68.75

[RageWizard]

I don't think all the rate-cutting talk in the world can help right now. After Bernanke last week, there's no gas left in that tank. Only strong earnings by Intel or some anti-recessionary data tomorrow can really give the Dow legs.

That's the point the dow isn't getting legs and I expect some more downside. Except for a small rally tomorrow after some B.S. from somebody to pick up some lunch money.

[capitalist pig]

I added to a couple of funds in an IRA today.

later

[Wrigley]

Market will be down big at opening bell Wed. as INTC misses big time on its earnings tading at 19.45 in AH. Might be time to buy some

[DrunkenLullaby]

I feel Black Wednesday comin' on....

[thebigguy]

Be fearful when others are greedy and greedy when others are fearful.