Matt, I held shorts, after noticing the break in GE below July
lows earlier in the day. Is this looking more like wave 3 to
you now? Be interesting to see how the Asian markets react
tonight....
Meredith Whitney, best bank analyst is on cnbc saying Lehman
bankruptcy will put pressure on various markets for next several
weeks as they liquidate assets etc. This could get uglier in
a hurry next few weeks. Mini crash?
that's what Bill Gross said this morning, Fed likely to stay on
hold. If the market breaks the July lows I think there's a
better chance of them cutting rates.
Seems there may be some chance the Fed could cut rates next
Tuesday if the markets are tanking. Likely announcement of
Lehman bailout plan over the weekend that won't involve Fed
funds. If market doesn't like that and cracks hard, Fed could
cut rates to support it, we've seen it before and now that oil and
commodities have cooled off they have more leeway to do that.
Just trying to stay on my toes, rate cut would likely cause a big
short term rally. Outside chance they cut ahead of meeting if
market heads down to July lows or below.... I got
caught short in a surprise Fed rate cut in the late 90's and took a
hit so I'm wary... Fed would pretty much be out of bullets if
they did that. Dollar is down quite a bit today and may be
sensing that. Of course it's overbought on the chart and was
overdue for a pullback.
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AIG down 58% after hours
Posted by trade on 16th of Sep 2008 at 04:43 pm
AIG down 58% after hours after closing down 21%
Probably some AIG rumor caused
Posted by trade on 16th of Sep 2008 at 02:45 pm
Probably some AIG rumor caused the market spike up...
how's the 15, 30 minute
Posted by trade on 16th of Sep 2008 at 02:27 pm
how's the 15, 30 minute S&P chart looking now?
No rate cut! Market retest
Posted by trade on 16th of Sep 2008 at 02:16 pm
No rate cut! Market retest the lows or what's your read?
Any thoughts on the VIX
Posted by trade on 16th of Sep 2008 at 01:18 pm
Any thoughts on the VIX -down .08 now
AIG Fed story reported on
Posted by trade on 16th of Sep 2008 at 11:11 am
AIG Fed story reported on CNBC in question now, market moving back down
How are the 15, 30
Posted by trade on 16th of Sep 2008 at 10:27 am
How are the 15, 30 or 60 minute charts looking on the S&P? thanks....
tnx2.gif 10 year treasury yield down
Posted by trade on 16th of Sep 2008 at 09:02 am
10 year treasury yield down 4.7% this morning, huge flight to safety.
Matt, I held shorts, after
Ugly day! The market gaps down, puts in an intra day ...
Posted by trade on 15th of Sep 2008 at 04:55 pm
Matt, I held shorts, after noticing the break in GE below July lows earlier in the day. Is this looking more like wave 3 to you now? Be interesting to see how the Asian markets react tonight....
Meredith Whitney, best bank analyst
Posted by trade on 15th of Sep 2008 at 03:24 pm
Meredith Whitney, best bank analyst is on cnbc saying Lehman bankruptcy will put pressure on various markets for next several weeks as they liquidate assets etc. This could get uglier in a hurry next few weeks. Mini crash?
S&P and Dow now making
Posted by trade on 15th of Sep 2008 at 02:43 pm
S&P and Dow now making new lows for the day.
S&P starting to move down
Posted by trade on 15th of Sep 2008 at 02:40 pm
S&P starting to move down faster than the Dow, Dow is masking the damage.
ge.gif GE breaking down below support
Posted by trade on 15th of Sep 2008 at 01:09 pm
GE breaking down below support on big volume
Matt, how's the 15, 30
EURO 60 min chart
Posted by trade on 15th of Sep 2008 at 11:45 am
Matt, how's the 15, 30 or 60 minute chart looking on the S&P now that it's heading down again. Down 30 now.
that's what Bill Gross said
FED Meeting
Posted by trade on 15th of Sep 2008 at 10:32 am
that's what Bill Gross said this morning, Fed likely to stay on hold. If the market breaks the July lows I think there's a better chance of them cutting rates.
What is critical S&P support,
Posted by trade on 15th of Sep 2008 at 09:14 am
What is critical S&P support, July 15 closing low at 1214.91 or intraday low at 1200.44?
S&P down 45 points now.
Posted by trade on 14th of Sep 2008 at 11:40 pm
S&P down 45 points now.
10 year treasury bond yield
Posted by trade on 13th of Sep 2008 at 10:22 am
10 year treasury bond yield was up 3% on Friday, what's up with that? Also VIX closed up over 5% with several indexes, S&P and Nasdaq closing up.
Is GE possilby a tell
GE
Posted by trade on 12th of Sep 2008 at 01:19 pm
Is GE possilby a tell on what the broader market is going to do? GE down 6.4% now.
Seems there may be some
Posted by trade on 12th of Sep 2008 at 01:13 pm
Seems there may be some chance the Fed could cut rates next Tuesday if the markets are tanking. Likely announcement of Lehman bailout plan over the weekend that won't involve Fed funds. If market doesn't like that and cracks hard, Fed could cut rates to support it, we've seen it before and now that oil and commodities have cooled off they have more leeway to do that. Just trying to stay on my toes, rate cut would likely cause a big short term rally. Outside chance they cut ahead of meeting if market heads down to July lows or below.... I got caught short in a surprise Fed rate cut in the late 90's and took a hit so I'm wary... Fed would pretty much be out of bullets if they did that. Dollar is down quite a bit today and may be sensing that. Of course it's overbought on the chart and was overdue for a pullback.