yesterdays drop was due to the bond insurers, otherwise the market was up about 160 points before then.

the market is full of bears look at tech the last month. nasdaq was down 10%. apple comes out with good earnings shares collapse, on amazon comes out with great earnings and it collapses(but it picked up today). i traded on apples earnings and what a mistake that was. i really was waiting for on amazon for the past weeks to trade cause of their great sales but after seeing apple trade i was worried.

lets wait for another rate cut and then everything might be ok, if not then let them cut again.

i got a solution to all this mess: make the fed fun rate -1% and watch the market pickup. if not cut to -2%

quote:

Originally posted by stefanoc i traded on apples earnings and what a mistake that was.

Yeah, I made the same stupid mistake too. I knew they would have great numbers, which they did... but their guidance wasn't up to par. They always sandbag their earnings like that...

Speaking of earnings, today Google missed their numbers.

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"Ibiza will be Earth’s final refuge after Armageddon" -Nostradamus

quote:

Originally posted by diskodave Yeah, I made the same stupid mistake too. I knew they would have great numbers, which they did... but their guidance wasn't up to par. They always sandbag their earnings like that... Speaking of earnings, today Google missed their numbers.

speaking of mistakes, 3 weeks ago i should've went with my gut when countrywide hit an all time low of $5 a share and then shot up to $8.50 for a day.

if i had only pulled the trigger i could've made a 60% return on my money in 24 hours. i knew it was undervalued and was a sure bet :/

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quote:

Originally posted by ninetyninej speaking of mistakes, 3 weeks ago i should've went with my gut when countrywide hit an all time low of $5 a share and then shot up to $8.50 for a day. if i had only pulled the trigger i could've made a 60% return on my money in 24 hours. i knew it was undervalued and was a sure bet :/

i think that would still be a bad trade but would be a lucky trade. in that case why trade countrywide when you can trade penny stocks?
if countrywide was by itself now the stock would have been hammered even lower. but youre right in a way, it would have been a great speculative buy out play.

quote:

Originally posted by diskodave Yeah, I made the same stupid mistake too. I knew they would have great numbers, which they did... but their guidance wasn't up to par. They always sandbag their earnings like that... Speaking of earnings, today Google missed their numbers.

i dont think that was stupid at all. the thing is everyone is so afraid and will short whatever no matter what. apple gave great results (some were complaining about the fact that they wouldnt reach their earnings because of bad holiday season... are you serious?)
apple always underpromises their future guidance that was no news.

i was waiting to trade on amazon because of their great holiday sales and was afraid to trade after seeing what happened to apple. in a way im glad i didnt trade and thought as i made the right choice but on the other hand its a great company exceeding. and still the companys stocks got hammered on aftertrade and i think it was because of 'lower margins'. are you kidding me, how about how much sales they've done? lower margins are because of discounts that they have in order to compete with other competitors. no one talked about the $200-300 profit just because of the currency benefit.

Speaking of stocks... Microsoft placed a bid to buyout Yahoo today!

There has been soo many rumors about Yahoo getting bought out lately, but most traders thought it was pure bullshit.

Look at Yahoo's share price this morning, up 45%. Closed at $19.18 yesterday, hit a high today $29.83 (so far). Chic-chinggggggggggggg!

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"Ibiza will be Earth’s final refuge after Armageddon" -Nostradamus

Bush Boosts Defense Spending in $3.1 Trillion Budget (Update5)

Feb. 4 (Bloomberg) -- President George W. Bush sent Congress a $3.1 trillion federal budget that trims Medicare and health care programs, boosts military spending and projects the deficit this year and next will hit near-record levels.

The budget blueprint for fiscal 2009 slows the rate of growth in spending for entitlement programs such as Medicare for savings of $208 billion over five years. Pentagon spending would rise 7.5 percent to $515 billion, the 11th consecutive year of increases. Programs in the departments of education, interior, transportation, justice and agriculture would be reduced.

http://www.bloomberg.com/apps/news?...3VeY&refer=home



pfffft, someone get this guy out of office before our economy goes bankrupt

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http://www.sfgate.com/cgi-bin/artic...3/IN8LUO095.DTL

STIMULUS PLAN A SCAM TO BENEFIT THE RICH

2008-02-04 — sfgate.com

' It's like some sort of upside-down communism where the poor pay the rich welfare. Why should taxes from families earning $48,000 a year be used to support expensive mortgages in New York, Los Angeles and San Francisco? Welfare for the hungry and homeless is evil, but welfare for million-dollar homeowners facing a tough refi ... well, that's called "helping the economy."'


the saga continues.

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Fed's Use of 'R' Word Keeps Stocks in the Red

quote:

Stocks tumbled Tuesday after an unexpectedly sharp contraction in the U.S. services sector and comments from one Federal Reserve official that a "mild recession" is possible.

Nothing to see here folks, it's only a possible mild recession.

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www.GenerationTrance.com

*Depeche Mode* Appreciation

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Listen to my Rainy Nights (TL)

quote:

Originally posted by djGT Fed's Use of 'R' Word Keeps Stocks in the Red Nothing to see here folks, it's only a possible mild recession.

yeah, i like their attempt at a positive spin on a recession.

quote:

Originally posted by HotDogWater

^ tool.

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