Comments on: Red Monday

By: MikeDonnelly

MikeDonnelly — Tue, 02 Dec 2008 15:29:39 +0000

Chris Whalen’s probably right, we’ve got to let these zombies die in bankrupcy and nationalize big sections of the banking system.

Here’s what I think is a major mystery that nobody is covering. Canada. GDP is doing great, banking sector (all 7 of them) doing fine too. Yet, they are more connected to us than UK/Europe, participate in logging (housing) and the auto sector, yet where’s the panic and pain ?

Could it be their financial system is set up and regulated better than ours? Is that possible?

By: Steve Barry

Steve Barry — Tue, 02 Dec 2008 11:14:21 +0000

DL@ 2:14

He appointed Greenspan, didn’t he? I could argue he deserves MOST of the blame.

By: Mark E Hoffer

Mark E Hoffer — Tue, 02 Dec 2008 10:32:52 +0000

zell:

to your Q, no, those studies(abstracts), in specific, were more recent. though his work goes back further than the ’70’s..

see: http://www.orthomed.org/jom/jom.html link to Journal of Orthomolecular Medicine

and: http://www.orthomolecular.org/ main site
~~

AT,

I only wish I had seen that 131^00 call, those are the kinds of outliers I dig..

By: wunsacon

wunsacon — Tue, 02 Dec 2008 07:38:34 +0000

Thanks, Andy Tabbo, for confirming with your technicals what Mish has said about bond fundamentals. Who knows? Maybe without your statement I would’ve been trying to short.

By: muckdog

muckdog — Tue, 02 Dec 2008 07:18:21 +0000

Probably will retest the lows. Love the pessimism.

I went out to dinner and had to wait in line an hour. On a Monday. Sheez.

And I’m talking Cheesecake Factory, not a soup line.

By: DL

DL — Tue, 02 Dec 2008 07:14:14 +0000

SB @ 12:03

25 years…?

I guess Reagan doesn’t escape blame either.

By: DL

DL — Tue, 02 Dec 2008 06:13:42 +0000

jose madre @ 12:41

“By the end of the day I’d done 60 trades in and out with SDS …”

You must have an agonizing time preparing your tax returns.

By: jose madre

jose madre — Tue, 02 Dec 2008 05:41:30 +0000

I lit up the computer a half hour after the market opened. I’d stayed home from work because I was under the weather and had an hours sleep due to the illness. I saw the market had gapped down big and I figured my opportunity had been mostly missed. I threw out a hundred SDS’ just to stay busy and figured to minimize my losses when it turned against me. By the end of the day I’d done 60 trades in and out with SDS and was up 6% for the day despite missing the gap down at the open, the first 45 min of trading, and with virtually no opportunity to read any of the market,economic, financial, general, or trading news like I usually do. It was pure video game and nice as it ended up, (and as adrenaline charged as I was, trading with a potential margin call ticking on the screen), I really missed investing. you know, like last year. I could buy and sell on limit orders posted the night before and I could look away and even hold a position overnight and over a weekend. I could think of myself as an investor and trader rather than a gamer. Here’s hoping we get back there soon…

By: Steve Barry

Steve Barry — Tue, 02 Dec 2008 05:03:35 +0000

Why does Birinyi think 741 is the bottom? Based on his data from the last 25 years of a mirage?

By: DL

DL — Tue, 02 Dec 2008 04:56:03 +0000

Ventura2012 @ 10:25

“And hats off to Gary Shilling..”

Two years ago, he was calling for a global recession, a 10 yr Treasury yield below 3%, a collapse in oil prices, and a collapse of the Chinese stock market. At the time, most people thought that he was totally nuts.

Now he’s calling for 600 on the SPX.