Good Banks?

Seeing Citigroup, Merrill Lynch and Bank of America plunge today was a sight to see. If stock price has anything to do with the financial strength of a company then maybe US Bancorp is a good choice for a bank, not to mention having Warren Buffet owning nearly 4% of the company. You know he's never going to sell.

Good Banks?

Seeing Citigroup, Merrill Lynch and Bank of America plunge today was a sight to see. If stock price has anything to do with the financial strength of a company then maybe US Bancorp is a good choice for a bank, not to mention having Warren Buffet owning nearly 4% of the company. You know he's never going to sell.

600 more pts to go for 8,000 on the Dow

SPY just jumped off a cliff and is free falling now. S&P down 40% from last year highs.

Dow futures almost to 8,000. This time last year we were above 14,000.

The last 2 days we have seen 500pt selloffs in the last hour of trading. We are at a 76% fib level. We broke 61% fib retrace like butter 2 days ago. 2002 lows,,here we come.

600 more pts to go for 8,000 on the Dow

SPY just jumped off a cliff and is free falling now. S&P down 40% from last year highs.

Dow futures almost to 8,000. This time last year we were above 14,000.

The last 2 days we have seen 500pt selloffs in the last hour of trading. We are at a 76% fib level. We broke 61% fib retrace like butter 2 days ago. 2002 lows,,here we come.

Nikkei 225

20yrs. Zero sum game.

Nikkei 225

20yrs. Zero sum game.

Buffet is the New Treasury Secretary

This is one of the funniest things I've read all day. Buffet as Treasury Secretary.


In other news, the world stock markets are STILL CRASHING, and if you lost money during all of this, Mr. Anonymous from the comment section thinks that you are just a gambler and need to seek help.

Buffet is the New Treasury Secretary

This is one of the funniest things I've read all day. Buffet as Treasury Secretary.


In other news, the world stock markets are STILL CRASHING, and if you lost money during all of this, Mr. Anonymous from the comment section thinks that you are just a gambler and need to seek help.

The bad trade

October 6, 2008. Chart of YM. Dow opens gap down, going down over 800pts intraday.
I'll tell you what happened. I was long 4 NQ contracts and short 1 YM contract. I was short 2 contracts on YM but I covered the additional contract on YM in the morning. My internet connection went out a little after I covered 1 contract on YM short. I waited to see what was going to happen because the market looked quiet and we bounced off the morning lows. The market kept dropping so I tried calling my broker but I was on hold for 10min and then I got disconnected for some reason. One hour before the market close my internet comes back on and I was stressed out. I decided to add to the YM short right near the lows when the Dow was down 800pts(even though I had a buy signal- market internals were like 300/1 to the downside, so I said screw it). I thought the market was going to fall -1000pts for the circuit breaker to kick in. Well, we reversed and I took a big loss on my YM short that I just added to and I sold my NQ long a little too soon for a loss as we rallied before the close. Lesson learned - trade 1 instrument, 1 direction, unless you plan on doing a longer term pair trade. My original plan was to hold the NQ/YM trade for a bounce, with the ability to add to the YM short if the market kept dropping (my internet went out so I couldn't add to the YM short unless I called my broker, I should have called sooner). My original thinking was that NQ would bounce more than YM because there would be more short covering in Tech names as opposed to financial names because of the short sell ban.

I hate Comcast.

Overall, I let emotions get to me on this trade and I miss-managed this trade very badly and took a big loss. I was up 7k in the last 2 weeks, but I lost all that plus another 3k. It may not seem like a big loss to some of you or compared to my January blow up, but it was a mistake that really set me back because I keep losing weeks worth of profits from making the same disastrous mistakes on crazy trading days like Monday.

The bad trade

October 6, 2008. Chart of YM. Dow opens gap down, going down over 800pts intraday.
I'll tell you what happened. I was long 4 NQ contracts and short 1 YM contract. I was short 2 contracts on YM but I covered the additional contract on YM in the morning. My internet connection went out a little after I covered 1 contract on YM short. I waited to see what was going to happen because the market looked quiet and we bounced off the morning lows. The market kept dropping so I tried calling my broker but I was on hold for 10min and then I got disconnected for some reason. One hour before the market close my internet comes back on and I was stressed out. I decided to add to the YM short right near the lows when the Dow was down 800pts(even though I had a buy signal- market internals were like 300/1 to the downside, so I said screw it). I thought the market was going to fall -1000pts for the circuit breaker to kick in. Well, we reversed and I took a big loss on my YM short that I just added to and I sold my NQ long a little too soon for a loss as we rallied before the close. Lesson learned - trade 1 instrument, 1 direction, unless you plan on doing a longer term pair trade. My original plan was to hold the NQ/YM trade for a bounce, with the ability to add to the YM short if the market kept dropping (my internet went out so I couldn't add to the YM short unless I called my broker, I should have called sooner). My original thinking was that NQ would bounce more than YM because there would be more short covering in Tech names as opposed to financial names because of the short sell ban.

I hate Comcast.

Overall, I let emotions get to me on this trade and I miss-managed this trade very badly and took a big loss. I was up 7k in the last 2 weeks, but I lost all that plus another 3k. It may not seem like a big loss to some of you or compared to my January blow up, but it was a mistake that really set me back because I keep losing weeks worth of profits from making the same disastrous mistakes on crazy trading days like Monday.

The Great Depression

I'd like to highlight this post from the Washington Post on the 1987 crash.

Tuesday, October 20, 1987; Page A01 (Washington Post)

The stock market was devastated by the worst one-day collapse in history yesterday in a pandemonium of panic selling that shattered all records and swamped stock exchanges around the country and overseas.

The best-known market barometer -- the Dow Jones average of 30 industrial stocks -- plummeted 508 points, five times the previous record set last Friday. The Dow closed at 1738, dropping 22.6 percent, or nearly double the 12.8 percent plunge of Oct. 29, 1929, the crash that began the Great Depression.

Does a stock market crash cause a depression or add trouble an already weak economy?

Tomorrow is the day. Hope for the Best, Expect the Worst.

The Great Depression

I'd like to highlight this post from the Washington Post on the 1987 crash.

Tuesday, October 20, 1987; Page A01 (Washington Post)

The stock market was devastated by the worst one-day collapse in history yesterday in a pandemonium of panic selling that shattered all records and swamped stock exchanges around the country and overseas.

The best-known market barometer -- the Dow Jones average of 30 industrial stocks -- plummeted 508 points, five times the previous record set last Friday. The Dow closed at 1738, dropping 22.6 percent, or nearly double the 12.8 percent plunge of Oct. 29, 1929, the crash that began the Great Depression.

Does a stock market crash cause a depression or add trouble an already weak economy?

Tomorrow is the day. Hope for the Best, Expect the Worst.

Wannabe Strippers

Looking for some hot young chicks that are into kinky stuff like Pole dancing? Then look no further.



Here's a few tips ladies-


Can you imagine what would happen if there was a fight,,,


Also, make sure you don't make this mistake-


Family Guy famous Stripper Quote-
Peter talking to the camera: ...but I'll tell you what's not cool--killing strippers. Strippers are people too; naked people who may be willing to pleasure you for a price you negotiate later behind the curtain of a VIP room. Besides, there's no reason to kill them, 'cause most of them are already dead inside...Good night, folks!