Lôôk Out Below

[Virgil Showlion]

Hope you don't own metals, or stocks ...or anything, except for Japanese CDSs.

Nikkei off 8%. DAX off 4%. Metals down 3%.

[Deleted]

There's goes my retirement... again.

[The Virginian]

I've been waiting two years for a buying opportunity - This just might be it - Japan - Egypt - Saudi Arabia - Libya -

[Virgil Showlion]

Call it the "New Abnormal"

[Virgil Showlion]

Yes Frank. We know you positioned yourself for this pullback a week ago when you witnessed the Japanese Tsunami in a dream. You've only told us about a million times.

[Virgil Showlion]

Rule 48 invoked in the NYSE (surprise, surprise). You're trading blind, gentlemen.

[vl]

I dug my Mason Jars up last night. It still spends even if it smells like dog poop. Virgil... were you around in 2007-08? Seems to me that we are on track to repeat the 6-month lose-your-shirt-on-inaccurate-speculation game. You know, the one where you THINK we hit bottom and then drop some more. There were TWO really good plays to make during the fake bull run to fortify your holdings and ensure they keep growing as we embark on the real correction.
Inflation without incomes will destroy the business (1905- Loan Sharks), asset values dependent on intangible components don't erode, they go poof and quick (1983- down-sizing out of existence). If all wagons are tipping over, buy the land where the victims fall to. Sell lemonade and bandages. Be ready for double-digit bank rates and a reconciliation of derivatives (oops, that kisses off a lot of Hedge Funders).
America will have to recall a lot of jobs and hire people who will likely go Postal on their old bosses. The current personnel are burned-out from all that over-performance crap. The bosses are inept and incompetent. This will get more interesting before it settles down.

[usaone]

Buy on the dips V_L.

[usaone]

There is a group of people that have been waiting for a pull back to get in.

[texasredneck]

What is rule 48?

[usaone]

Mar 15, 2011 8:34:29 GMT -5 Virgil Showlion said:

Call it the "New Abnormal"

Most of this stuff is always going on in the world.

[Deleted]

Mar 15, 2011 9:08:48 GMT -5 usaone said:

There is a group of people that have been waiting for a pull back to get in.

Is their any other time

[Virgil Showlion]

Rule 48 allows the NYSE to update certain stock quotes "at their leisure"--which may mean "not at all". They do it to prevent panic selling. Or, some would say, they do it to prevent any selling.

Most of this stuff is always going on in the world.

With this frequency, and at this scale? You're dreaming.

You've been frog-in-a-pot-of-water'd for too long, my hyperoptimistic friend.

[Small Biz Owner]

Wonder if they have a rule for panic buying also? Probably not.

[Virgil Showlion]

Rovo has informed me that the charts under "Major Index Charts" are incorrect, which is true. They're taken straight off of the MSN site, so obviously MSN is having some trouble with their quote feed.

Also, with stocks, metals, and everything having largely recovered since 10:00 AM, it looks like the "flight to safety" now has a half-life of minutes.

[mikec]

"There is a group of people that have been waiting for a pull back to get in."


If the above is true,,,,,,
AND they do jump in........
This may be the end of the bull market for a while!!!!!!
"THEY" always get in at the top then cry all the way through the correction.......
AND they bail out at the bottom....

Read more: notmsnmoney.proboards.com/index.cgi?board=moneytalk&action=display&thread=4761#ixzz1GgL30A2h

[vl]

"Buy on the dips V_L."

Not. Buy on the REAL value marks, not the price. Since Gold is already over-priced and there is liquidation to create buying power, there won't be a "good" buy for another two thousand points.
I'm not into gold but I am in other metals and haven't seen much cause to do anything but sit this out. Banks stocks, on the otherhand... aren't worth a dime. They have nothing to liquidate because it's all here in the markets and falling out globe-wide.
I'll be more inclined to buy blocks of their forced-sold assets at the auction block. At least then I'll know realistic value by counting the other hands that are bidding and how high they go. Wouldn't want to be a Finance or Business Admin Major... looks like a career in French Frying is straight ahead!

[Deleted]

Mar 15, 2011 10:21:43 GMT -5 @mikec said:

"There is a group of people that have been waiting for a pull back to get in."


If the above is true,,,,,,
AND they do jump in........
This may be the end of the bull market for a while!!!!!!
"THEY" always get in at the top then cry all the way through the correction.......
AND they bail out at the bottom....

Read more: notmsnmoney.proboards.com/index.cgi?board=moneytalk&action=display&thread=4761#ixzz1GgL30A2h

Only if you hold on to your buys. It's rare for me to hold for even a week. Usually only days, or hours like today! Won't hear me crying any time soon. $$$$$$

[texasredneck]

Each 24 hour news cycle has brought worse news since the quake.

It is hard to stay in cash with MM and CD rates averaging 1.1% or less, but it may be to early to jump in.

[Deleted]

Mar 15, 2011 12:09:47 GMT -5 texasredneck said:

Each 24 hour news cycle has brought worse news since the quake.

It is hard to stay in cash with MM and CD rates averaging 1.1% or less, but it may be to early to jump in.

The flight to safety might be short lived as it's driving low interest rates even lower.

[usaone]

Gold tried to break about $1400.00 and couldnt make it. Down to $1391.50.

[frankq]

Anybody seen Decoy today? ...........

[kman]

He was just seen leaving here.

[Virgil Showlion]

A Frank Q without his Mid is like a Booboo without his Yogi.

[frankq]

Kman!! You kill me!!!!

[vl]

Money says Bennie the Printer bailed the markets today. Off nearly 300, he brought it back to 138. That should wipe out freedom for at least another generation. Figure it out... when the reactor finally blows and sends deadly radiation over Hawaii and then takes out the whole West Coast, will he be bailing THAT too? Can anyone actually ascertain whether bailing actually stabilizes anything or if this ONE MAN is single-handedly funding and fueling a global economic collapse?

[usaone]

Hey V_L...when we dropped the Nukes on Japan did it wipe out Hawaii and the west coast?


You were around back then....

No it didnt

Drama drama drama............

[silverguy25]

Wow, quite the market today

USAOne: Not that I want to defend the scenario Lender spells out, because its ridiculous, but atomic bombs and nuclear reactors are different in their capacity to fuck things up and spread radioactivity.

[Virgil Showlion]

The linear ramp up starting at 10:00 does reek a bit of program buying, especially since the currency markets didn't recover.

Chug-a-chug-a. Chug-a-chug-a...

[usaone]

I would think a Nuke would spread much more radiation.