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Tuesday stock talk/more bailouts?

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  1. dolphin13 dolphin13 is offline OT Vice MVP

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    Aug 9th, 2011 (8/9/2011 6:03am)

    Asia is getting slammed again. Down 7 percent. U.S. Futures are down almost two percent.

    As we continue to see financials falter, what happens if a Bank of America needs a government bailout?

    I think QE3 is almost a lock now. But if you look at our markets, they're lower than before QE2 began. Quantitative easing just propping up the market short term, no lasting effect. Gold is up another $50 to $1,770 but silver is pretty much flat. Oil keeps dropping, under 78, which is def good.

    A question that popped into my head is how much stronger would the US economy have been if we had had made a big anti-oil push and switched to all electric or natural gas cars 20 years ago. All that money staying in America...
  2. FouTight FouTight is offline international super spy

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    Aug 9th, 2011 (8/9/2011 6:24am) in reply to dolphin13

    QE3 cant be good.
    371  
  3. BillBrasky BillBrasky is offline

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    Aug 9th, 2011 (8/9/2011 6:33am) in reply to FouTight

    I actually think we will close flat tomorrow, rising from morning lows after the Fed meeting. QE3 is def a given now and will probably start soon. Asian stocks reacted to the sell off but it looks like Japan bounced nicely off its lows (although it is still red).
  4. BigEarn7 BigEarn7 is offline 2010 Plattsburgh Award Winner

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    Aug 9th, 2011 (8/9/2011 7:39am) in reply to BillBrasky

    What is everyone looking to get at a Discount if we start heading back up?

    I'm looking at AAPL (obv) and X (not sure if a good idea).

    Also. JPM, V, MS
  5. norcaljeff norcaljeff is online now 2010 OT Thread Kill Leader

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    Aug 9th, 2011 (8/9/2011 7:42am) in reply to dolphin13

    Maybe the gov should spend 10 trillion this time so the keysnians can finally get that theyre wrong
  6. gamma21 gamma21 is offline

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    Aug 9th, 2011 (8/9/2011 7:53am) in reply to norcaljeff

    Aren't the futures up like 100 points right now?
     
  7. norcaljeff norcaljeff is online now 2010 OT Thread Kill Leader

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    Aug 9th, 2011 (8/9/2011 8:01am) in reply to gamma21

    Hoping for more free money? Or anticipating the end of redic gov policy? Or maybe just riding the waves? I dunno
  8. aholthaus33 aholthaus33 is offline

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    Aug 9th, 2011 (8/9/2011 8:26am) in reply to gamma21

     
    Originally Posted by gamma21 View Post

    Aren't the futures up like 100 points right now?


    Am seeing up 300 on marketwatch? Pretty sure seeing that. WTF? Down biiiiig then futures up 300+ pts as of now....

    Chance of silver going crazy over next year or so as the wheels really start to come off on everything??
  9. Hank H1LL Hank H1LL is offline

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    Aug 9th, 2011 (8/9/2011 11:06am) in reply to aholthaus33

    -200 by lunch?
  10. niptuck niptuck is offline

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    Aug 9th, 2011 (8/9/2011 12:27pm) in reply to Hank H1LL

    I wish I could jump into this conversation. :( As a licensed representative I am not allowed to discuss this stuff/specific stocks or investments on message boards unless I am licensed in every state. I can say that I have been telling people I was Bearish for the last 6 months and now not so much after yesterday.
  11. Leet8s Leet8s is offline usausausausausa

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    Aug 9th, 2011 (8/9/2011 12:44pm) in reply to niptuck

     
    Originally Posted by niptuck View Post

    I wish I could jump into this conversation. :( As a licensed representative I am not allowed to discuss this stuff/specific stocks or investments on message boards unless I am licensed in every state. I can say that I have been telling people I was Bearish for the last 6 months and now not so much after yesterday.

    My bearyness is in full bear mode. Sell the rally, if there is one today, unless there is QE3 but I don't see that happening. Momentum is lower, sell the rally
     
  12. niptuck niptuck is offline

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    Aug 9th, 2011 (8/9/2011 12:56pm) in reply to Leet8s

    ^^I don't disagree, I am Less bearish. There are some good companies with strong earnings that went on sale over the last week. Hopefully, more to come as I have some cash on the sidelines in my own portfolio. I am going into one stock pretty heavy today as a short term play. You haven't heard of the stock (not a penny stock tho) and I will post results in two weeks. So you know I won't be making the stock results up ..... the company has a color in it. That is all I will say.
  13. Leet8s Leet8s is offline usausausausausa

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    Aug 9th, 2011 (8/9/2011 1:02pm) in reply to niptuck

    99% of individual stocks are trading off of the macro. /individual fundamentals don't mean anything
     
  14. elendil elendil is offline

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    Aug 9th, 2011 (8/9/2011 1:10pm) in reply to Leet8s

    Awesome day on the ASX today, the all ordinaries index tanked 5% then rallied back to close up 1%. The firm I work for set a record # of trades in one day, 170K, turned over $2.2b+(AUD, brag) woooot. It was a busy day!
    Edited By: elendil Aug 9th, 2011 at 01:14 PM
  15. markeckert2000 markeckert2000 is offline

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    Aug 9th, 2011 (8/9/2011 1:32pm) in reply to BigEarn7

     
    Originally Posted by BigEarn7 View Post

    Also. JPM, V, MS

    NTRS :>
  16. NUTZREALHUGE NUTZREALHUGE is online now

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    Aug 9th, 2011 (8/9/2011 2:27pm) in reply to markeckert2000

    if there is any kind of rally today you would be wise to gtfo.
  17. dolphin13 dolphin13 is offline OT Vice MVP

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    Aug 9th, 2011 (8/9/2011 2:28pm) in reply to markeckert2000

     
    Originally Posted by markeckert2000 View Post

    NTRS :>


    You need to get me a job there. I'm ready to get out of the newspaper business
    Thread Starter
  18. hypnotrader hypnotrader is offline

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    Aug 9th, 2011 (8/9/2011 2:43pm) in reply to niptuck

    Is the color Green?
  19. BigEarn7 BigEarn7 is offline 2010 Plattsburgh Award Winner

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    Aug 9th, 2011 (8/9/2011 3:04pm) in reply to hypnotrader

    I am all liquid right now waiting to make a move.
  20. Mr Galt Mr Galt is offline sister-in-law's a ho

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    Aug 9th, 2011 (8/9/2011 3:31pm) in reply to BigEarn7

    Printing more money is not the answer. The government needs to accept the pain and let the chips fall where they may. The recession would have been over long ago had they done so. If you want to know what happens next, just look at the last two years of the Carter administration. History is repeating.
  21. Leet8s Leet8s is offline usausausausausa

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    Aug 9th, 2011 (8/9/2011 4:04pm) in reply to Mr Galt

     
    Originally Posted by Mr Galt View Post

    Printing more money is not the answer. The government needs to accept the pain and let the chips fall where they may. The recession would have been over long ago had they done so. If you want to know what happens next, just look at the last two years of the Carter administration. History is repeating.

    Agree on the first two sentences. Strongly disagree on the third. Also, president's have little impact on the economy... If the Fed does two rounds of QE, that has a direct impact on the markets in a way that is more meaningful than anything the president can do, what makes you think an individual president will move markets?
     
  22. jdbunchOSU jdbunchOSU is offline

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    Aug 9th, 2011 (8/9/2011 4:10pm) in reply to Leet8s

    after this morning, being up since 4am reading news, stories, etc, the market is to volitile for me right now. I moved 90% of my portfolio to cash until after today. I was in a lot of shorts so it has helped me out. Only shorts I keep were oil stock shorts after I saw world markets go down again, and OPEC forecasting lower demand.

    I'm going to figure out what I'm gonna do after the Fed talks. I'm gonna miss out on some money making oppurtunities since I can't out place bids faster then the big company computers, but at least my money is safe if the market don't like what they have to say.
  23. kellykip kellykip is offline The Chosen One

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    Aug 9th, 2011 (8/9/2011 5:07pm) in reply to jdbunchOSU

    Morgan Stanley looks like good value.
  24. Zobamabie Zobamabie is offline

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    Aug 9th, 2011 (8/9/2011 5:13pm) in reply to BigEarn7

     
    Originally Posted by BigEarn7 View Post

    I am all liquid right now waiting to make a move.


    Perhaps there is truth to that anal theory, try diapers.
  25. dolphin13 dolphin13 is offline OT Vice MVP

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    Aug 9th, 2011 (8/9/2011 7:20pm) in reply to Zobamabie

    2013!!!!!!!!!!!!!

    Whoa. That's gonna move gold
    Thread Starter
  26. TheWacoKidd TheWacoKidd is offline haters gonna hate

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    Aug 9th, 2011 (8/9/2011 7:24pm) in reply to dolphin13

    and *poof* goes the rally.
     1
  27. dolphin13 dolphin13 is offline OT Vice MVP

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    Aug 9th, 2011 (8/9/2011 7:26pm) in reply to TheWacoKidd

    I think the market will be fine with that statement. There was a temporary shock about keeping rates exceptionally low through 2013.
    Thread Starter
  28. BigEarn7 BigEarn7 is offline 2010 Plattsburgh Award Winner

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    Aug 9th, 2011 (8/9/2011 7:33pm) in reply to dolphin13

    Thinking of buying all these...

    FCX, APPL, MS, X, CAT, JPM, V
    Edited By: BigEarn7 Aug 9th, 2011 at 07:34 PM
  29. TheWacoKidd TheWacoKidd is offline haters gonna hate

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    Aug 9th, 2011 (8/9/2011 7:35pm) in reply to dolphin13

    wasn't speaking long term, just the fact that the market snap-lost like 150 pts
     1
  30. BigEarn7 BigEarn7 is offline 2010 Plattsburgh Award Winner

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    Aug 9th, 2011 (8/9/2011 7:44pm) in reply to TheWacoKidd

    holy volatility...
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