Wow, that was some crazy day.....

[PaceAdvantage]

This was one of the sickest days in the stock market I have ever had the pleasure of trading...and that's saying alot, given the turmoil lately....

Holy Shit!

Although I turned a respectable profit trading the S&P e-mini, I'm very very disappointed looking back and seeing the run-up in some of my trades, compared to where I actually closed them....

All the doom and gloomers out there must be rich by now....I know I would be if I held their long-term bias...but I am a trader, and thus I got off the roller coaster at 4:15pm and will get back on tomorrow at 9:30am....

:eek:

[ddog]

This was one of the sickest days in the stock market I have ever had the pleasure of trading...and that's saying alot, given the turmoil lately....

Holy Shit!

Although I turned a respectable profit trading the S&P e-mini, I'm very very disappointed looking back and seeing the run-up in some of my trades, compared to where I actually closed them....

All the doom and gloomers out there must be rich by now....I know I would be if I held their long-term bias...but I am a trader, and thus I got off the roller coaster at 4:15pm and will get back on tomorrow at 9:30am....

:eek:


Pa.

Bias, I don't really think so, just plain old what has to be will be, just a matter of when and how long.
Getting killed on oil though.

At least you can say you live in interesting times !!!!!

Something for GrandPa to tell the little ones about, Oh, you ain't seen nothing, Why I recall back in aught 8..................

;)

[wonatthewire1]

This was one of the sickest days in the stock market I have ever had the pleasure of trading...and that's saying alot, given the turmoil lately....

Holy Shit!

Although I turned a respectable profit trading the S&P e-mini, I'm very very disappointed looking back and seeing the run-up in some of my trades, compared to where I actually closed them....

All the doom and gloomers out there must be rich by now....I know I would be if I held their long-term bias...but I am a trader, and thus I got off the roller coaster at 4:15pm and will get back on tomorrow at 9:30am....

:eek:


:lol:

'87 was a lot of fun - now it just seems to be a given that there will be a body slam or two every ten years or so (doesn't matter what the fundamentals are)

[lamboguy]

i thought the ban on shorting was suppose to stop the down trend in financials. how come the day they banned shorting goldman sach's was $145 now $105. how come wakovia went fron $10 to $1.00 over the weekend?

who is doing the selling? i thought paulson said its going to stop. is it that the market makers and financial institutions can still short, but the average guy has been stopped?

how can paulson sleep at night? this is as sick as it gets. who the hell brought paulson into this deal to begin with?

[lamboguy]

they said you have to pass this stupid bill to protect the market. how do you protect the market?

my answer its impossible.

the market is gonna do what it is gonna do no matter what the politions say they are gonna do.

[highnote]

Although I turned a respectable profit trading the S&P e-mini, I'm very very disappointed looking back and seeing the run-up in some of my trades, compared to where I actually closed them....

All the doom and gloomers out there must be rich by now....I know I would be if I held their long-term bias...but I am a trader, and thus I got off the roller coaster at 4:15pm and will get back on tomorrow at 9:30am....

:eek:

Glad it worked out for you!

For once, I did the right thing -- I sold some stocks in my IRA mid-July in anticipation of a week Autumn.

Two weeks ago I sold every stock in my IRA except Bershire Hathaway B because of all the uncertainty in the markets.

There will be a lot of tax loss selling before the end of the year. After the election, or maybe January, will probably be a good time to start buying.

I'm almost entirely in cash and chomping at the bit waiting to buy some bargains.

The bailout will happen. The markets will stabilize. Growth will resume. And there will be some tremendous profits to be made in buying good companies.

In the meantime, here's my strategy....

be on the lookout for companies with low P/E ratios with high returns on capital -- in other words, companies making lots of money but are priced too low.

[Marshall Bennett]

Lost in all the turmoil was the price of oil falling 10 dollars a barrel today . If this trend continues at least it won't cost much to fill your tank on the way to the poor house .

[Tom]

Oil should go down more. But will gas prices?

[JustRalph]

Oil should go down more. But will gas prices?

you can't even buy gas in Charlotte........since the hurricane........severe shortage. Lines, fist fights at the pumps. Police having to escort tanker trucks.

see these links

http://www.charlotteobserver.com/100/story/222450.html

This is an ominous front page........

http://www.charlotteobserver.com/