Stocks Being Hit Hard Today

soxwin1917 · 08-18-11, 08:10 AM

Thanks for the breaking news, coach.

jjgold · 08-18-11, 08:11 AM

Gold up $30

InTheDrink · 08-18-11, 08:13 AM

a regular fukkin gordon gekko this guy is

gimme a fukkin break

Brock Landers · 08-18-11, 09:23 AM

down over 400 now

FuzzyDunlop · 08-18-11, 09:24 AM

Under 11,000, so volatile.

jarvol · 08-18-11, 09:26 AM

FSG is a new fave ETF. It is double long gold and double short the S&P500. Leverage up!

InTheDrink · 08-18-11, 03:07 PM

business as usual

jjgold · 08-18-11, 03:57 PM

Key indicators like T Bills are at lowest levels since great depression

I guess nothing to worry about

wtf · 08-18-11, 04:18 PM

Originally posted by jjgold

Key indicators like T Bills are at lowest levels since great depression I guess nothing to worry about

WOW, the yield on tbills is as tiny as your wiener now

jarvol · 08-18-11, 05:51 PM

The treasury market is much, much smarter than the equity market. It always has been and the treasury market told you weeks ago with its low yields it didn't give a fukk about a default or a downgrade or the Bernanke raising interest rates. It was pricing in another recession and/or the safest of safe havens. Equities are finally selling off and following its lead.

excel · 08-18-11, 05:53 PM

Originally posted by jarvol

The treasury market is much, much smarter than the equity market. It always has been and the treasury market told you weeks ago with its low yields it didn't give a fukk about a default or a downgrade or the Bernanke raising interest rates. It was pricing in another recession and/or the safest of safe havens. Equities are finally selling off and following its lead.

jarvol what's the move here?

play2winit · 08-18-11, 06:54 PM

^gold like ive been saying.

jarvol · 08-18-11, 07:29 PM

Originally posted by excel

jarvol what's the move here?

Easy money to the downside has been made but that doesn't mean it won't go lower. As you have seen it has been very choppy. Unless you are nimble and are able to day trade I would just stay in cash at this point. Buying at the end of days after big selloffs and sell/short at the end of days after big rallies has worked lately as has gold and treasuries but things change daily in this kind of market. Oil can only go down so far and people still have to eat so commodites will only go down so much.

The European stress tests last month were a complete farce. Spreads on Euro bonds keep going up. If one of those banks blow up then the shit will hit the fan again. US and German GDP last quarter were shit. Empire (lowest since Feb 2009) and Philly FED (lowest since March 2009) reports this month were beyond bad. Housing is still in the shitter and with so many morons choosing to live paycheck to paycheck I find it hard to see how many will ever be able to come up with 20% for a house. Retail sales have been good though. Q2 earnings have been good. Anybody can make a decent case for the market to go up or down 15% from here and it make good sense.