Trading in Romania Halted!!
October 10, 2008 – 7:51 am
The world is definitely coming to an end now.
You will now have to pay to park your funds in your bullshit money market fund. Brokers will be charging a 5.75% load just to screw everybody one last time.
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Shoot, I was going to trade Romanian goat milk futures today. My plan is foiled.
October 10th, 2008 at 8:09 amwhat is it about every 5- 10 years or so it is the end of the world….. need to have options on that I think…..
10/10/2002 was the last bottom date….. clearly the selloff from dow 10K and spx 970 is extended…. whever you have an AB=CD pattern that goes beyond 1 : 1.618… you get a bottom or a top…. we are beyond 1.168 on this downleg…. we can do a 1: 2 and that would yield 838 on the SPX
and then of course we tag the old lows at 765……
October 10th, 2008 at 9:15 amAnjing–
The world will not come to an end until the heavens are shaken, an asteroid hits the planet and the elements melt with fervent heat.
Until then, we will always have people acting irrationally when it comes to their money, crying that the world is ending. For many, money is their world, so when the money goes away, so does their world.
We all should be looking past this crisis in the markets to the opportunities to go long that will be handed to us.
Put together your shopping list this weekend. It will be fun!
October 10th, 2008 at 10:15 amDawg - do me better’n UPS at $44.50?
Maybe MON at $65 could be better’n that, but we haven’t see that yet.
October 10th, 2008 at 10:20 amJake–
I like ‘em both. Also…
GE, BHP, CHK, INTC….all paying decent divis.
ETF….SDY.
October 10th, 2008 at 10:50 amGE scares me… could have as big a problem as MS & GS right now…
October 10th, 2008 at 11:35 amYeah, the bulk of my doubts on GE come from the finance part. I still haven’t pulled the trigger.
As I stated before, I think we crash on Monday. I’ve decided not to take any action until after Monday.
Now is the time to observe and learn.
October 10th, 2008 at 11:47 am