Stock market could be explosive Monday and Tues. Here is how to play it..

[SBR_John]

Once there is a deal for a debt limit increase stocks will almost immediately regain the 4% they lost due to the bogged down legislation.

Call options on the SPY are very expensive due to both the volatility and the expectations that stocks will snap back. Leave em alone.

Look at BkofAma (BAC). Look at grabbing some Aug 10's Calls at only .15. The stock is at about 9.78.

If the market retraces this beaten down bank could pop up to 10 1/2 making these options worth .60.

Good luck

[bb_skoots]

where does one go about buying these things that you speak of?

[hornsrgrt]

john...good idea...will start looking tomorrow morning for other companies like this...

[Br0nxer]

Never fukkin of ya pal.

[Jaug]

Calls are generally overpriced. I would not buy them. If I found a way to short the calls I would make a business out of it. Investors generally overvalue risk.

[obamaismyuncle]

where does one go about buying these things that you speak of?

7 Eleven's across the nation!

[opie1988]

Walker-

Look, pal.....it's great that you love that free fanny pack you just got with your new savings account at B of A.

But how about you spend a little less time touting them, and worry a little more about making this upcoming SBR Bash the epic event it best be.

You feel me, Ace??

[jjgold]

Buy Dow futures tonight
Hedge With gold
Hedge with Canadian Dollar forex( spot)

[drunkenbeaver]

Will the DollarFrank bounce of this bottom and how high?

[pavyracer]

When was the last time the stock market rallied based on bad news?

Can someone tell me why the country getting in more debt is good news?

[Joe Dogs]

Yeah, short term bounce seems logical

But long term I cant see allot of upside potential.

With fuel,food prices rising the economy looks bleak.

[BIGDAY]

Walker-

Look, pal.....it's great that you love that free fanny pack you just got with your new savings account at B of A.

But how about you spend a little less time touting them, and worry a little more about making this upcoming SBR Bash the epic event it best be.

You feel me, Ace??

[clarkd32]

i think the country going more in debt at least means we will pay our bills after 8/2.... which if we didn't pay our bills it sounds like all hell will break loose.

[Extra Innings]

And this hasn't been factored already into the market?

Don't know shit about the Stock Market, kind of like gambling, Please report back on the outcome.

[Extra Innings]

So the play here is BkofAma. John is predicting these scum bags to be valued @ 10.5 by mid august....

[sweethook]

good call i can see b of a at 11 , they drive there on %car

[obamaismyuncle]

Buy Dow futures tonight
Hedge With gold
Hedge with Canadian Dollar forex( spot)

ha ha..when it comes to getting market advice on SBR, JJ has a better clue more than any other poster. Well done sir when this guy gives market advice, listen to it.

[INVEGA MAN]

thanks john, i am all over this tip. thanks again

[excel]

If the market crashes we can all meet at SBR HQ for the grand finale party...

[Extra Innings]

If the market crashes we can all meet at SBR HQ for the grand finale party...

lol..I'll be the first to hammer/congratulate him

[SBR_John]

So the play here is BkofAma. John is predicting these scum bags to be valued @ 10.5 by mid august....

You can sell an option at any time the market is open. You dont have to wait until expiration. A .72 move is not asking a lot and a guy would pick up a quick 400% return in a couple of days if by chance I'm right.

Opie the Bash is set! I can't even begin to describe how much fun that is going to be.

[Dirty Sanchez]

Why not just follow ttaylor...he's dealing with millions?

[Extra Innings]

You can sell an option at any time the market is open. You dont have to wait until expiration. A .72 move is not asking a lot and a guy would pick up a quick 400% return in a couple of days if by chance I'm right.

Opie the Bash is set! I can't even begin to describe how much fun that is going to be.

I understand ... I wish you good luck and success

[Extra Innings]

Day One (+.04) cents

9.82 with a day high around 10

[Extra Innings]

Here is the key...we could raise the debt ceiling to 100 trillion and as long as data comes out like this we are screwed

After staging a triple-digit rally at the open, the Dow Jones Industrial Average DJIA -0.09% hit the brakes when the Institute for Supply Management’s gauge showed U.S. manufacturing activity barely grew in July.

http://www.marketwatch.com/story/allstate-cant-keep-financials-in-the-green-2011-08-01

[Waterstpub87]

Calls are generally overpriced. I would not buy them. If I found a way to short the calls I would make a business out of it. Investors generally overvalue risk.

You can write uncovered calls if you have trading authorization to do so. Then buy to cover later when the price goes down. It is the equivalent of shorting the call.

[ryanjep]

def will get some kind of bounceback soon

[I/O]

from what I've heard/read

today was more of a fizzle

We'll see what shakes tomorrow

[Fishhead]

Corn approaching 7.00 again....................

Commodities boys, commodities.

[statnerds]

The fix is in you fukks. You are wasting your time with this bullshit.

The average member of Congress saw their portfolio outperform the Stock Market by an avg of 6% since 1990.

Hmm, the people making the laws are the ones making the most money investing.

Save your money.

Fukks.

[statnerds]

Once there is a deal for a debt limit increase stocks will almost immediately regain the 4% they lost due to the bogged down legislation.

?????

Deal done, just like the American economy.

Dow down triple digits.

On it's way to an 8th consecutive losing day.

Maybe traders are waiting until barry actually signs the bill for the big rally to happen.

[jarvol]

Monday morning was the bounce and as predicted is was going to be shortlived. The technicals look bad and the macro fundamentals are worsening but the market is still in this 1250-1360 range. You buy at the bottom and sell at the top with tight stops. It ain't hard.

[Jive]

No, traders actually read the bill, that is why it is tanking. Notice how the market went up briefly, then fell like a rock? That was because it took a bit to discover what was in this pathetic piece of legislation. Awful bill, regardless what either party or the spinmeisters say, and the market reaction is just.

[tony_come]

Do your own research and don't listen to these fukks

you don't share in the stock market

the more ppl buy the more the stocks goes down.

[jarvol]

the more ppl buy the more the stocks goes down.

Yeah.....that is exactly how the market works.