Nikkei 225 BELOW !!! Dow Jones

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Old Oct 10, 2008, 10:50am   #89
BSD
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Guys, I'm an optimist.

What can I say.

What can one do ?

One has to keep going and doing ones best and hoping, and if we fall off the horse, just get right back on again.

And again.

And again.

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I need to make one hundred million Euros pretty fast. You know how it is. There are bills to pay.
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Old Oct 10, 2008, 10:57am   #90
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DaxDestroyer started this thread
Quote:
Originally Posted by Depth Trade View Post
BSD, the market has crashed. All 'lines' I had in the sand have been crossed. We're below 9-11 prices and are flirting with absolute lows.

I don't think we're coming back, there's no reason for the market to come back, we have zero manufacturing. There's no money.

There won't be a 'buy' back, this is it. It was nice having meet you guys.

Cheers!
Sounds correct ... but on the other hand ... friends tell me, market is undervalued as "NEVER" before ... and we ar e talking about REALISTIC earnings

Anyway ... Keep bouncing
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Old Oct 10, 2008, 10:58am   #91
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DaxDestroyer started this thread
Quote:
Originally Posted by BSD View Post
Guys, I'm an optimist.

What can I say.

What can one do ?

One has to keep going and doing ones best and hoping, and if we fall off the horse, just get right back on again.

And again.

And again.
YEPP ... and "only the good die young"???
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Old Oct 10, 2008, 11:04am   #92
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DaxDestroyer started this thread Germany is working on a plan to prop up its major banks that could include taking government stakes and measures to guarantee banks' access to liquidity. WSJ

Global nationalization of banks ... hmmmm ...
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Old Oct 10, 2008, 11:09am   #93
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Originally Posted by DaxDestroyer View Post
YEPP ... and "only the good die young"???
Thank God good girls go to heaven, but bad girls can go anywhere
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I need to make one hundred million Euros pretty fast. You know how it is. There are bills to pay.
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Thanks! The post above is recommended by: Bladerunner , DaxDestroyer
Old Oct 10, 2008, 11:13am   #94
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Quote:
Originally Posted by DaxDestroyer View Post
Germany is working on a plan to prop up its major banks that could include taking government stakes and measures to guarantee banks' access to liquidity. WSJ

Global nationalization of banks ... hmmmm ...
Really, really wonder how that is going to play out.

I mean the bankers obviously caused this mess and need some regulation, but a couple of bureacrats calling the shots ?

Hmm.

Not really clear yet to what extent they are going to run or not run things, rules being invented as we go along.

In the US the guy in charge of the 700 bill bailout is a 37 year old, right hand guy of Paulson.

I mean I'm sure he's a whizz kid and all, but wouldn't Buffett, who was also being touted, have been a better choice ?

A guy with not only intelligence but also far more important wisdom and good old common sense, who called out the tremendous dangers of derivatives gone wild years ago ?

Buffett On Derivatives: 'A Fool's Game' - Seeking Alpha

HE would have been a great signal for markets psychologically I believe.

Nothing succeeds like success, and he's certainly at the top of the pole isn't he.
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I need to make one hundred million Euros pretty fast. You know how it is. There are bills to pay.
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Old Oct 10, 2008, 11:16am   #95
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Hope it's alright to post trades on this thread,

First ES trade of the day 4 x 7.25 = 29pts

Support becomes resistance, combined with trend channel, exit into congestion.

Cheers,
Joey
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Old Oct 10, 2008, 11:17am   #96
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WELL done Joey !!!
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I need to make one hundred million Euros pretty fast. You know how it is. There are bills to pay.
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