"What goes up must come down."
"What goes down must come up."

The only question is when and how.

/Obamacide

Markets are wary of Obama's victory

Hell, Hank and Ben can't even manipulate the DJIA without it looking obvious...

Paulson should do as I do every time I am arguing with my wife: just stop talking.

You gotta get down before you get up

Those sound like lyrics from a 70s Funk song. lol

What goes up but doesn't come down?

a run in your panty hose

Personally, I'm lovin' it :-)

I've been day trading puts and calls on the QQQ ETF and doing pretty darned well. With volatility so high and with the market not about to go anywhere far beyond the limits of it's range for a long time to come, this is a great chance to make some moolah!

What goes down but doesn't come up?

Monica Lewinski

and

my portfolio

re: #5 gop_patriot

Those sound like lyrics from a 70s Funk song. lol

I heat up
Cool down
When something gets in my way, I go 'round it

or

So high, you can't get over it
So low, you can't get under it

re: #8 Shug

What goes down but doesn't come up?

Monica Lewinski

and

my portfolio

Didn't Monica come up... in grand jury testimony?

One good day does not make for a trend. But better than another down day.

Political implications aside, I hope the market continues to go up.

Is this kind of like an open thread?

If not, OT:

Charles, do you think this- Belkin : Switch-to-Mac Cable is a good product?

Seems like it would be; very simple. Just wondering what you think about it.

This, along with cognito apparently getting banned, is good news. I'm going back to read the thread where he got in Charles face one too many times. Ha

I haven't looked at the worth of my IRA in a month. It's probably better that way.

I trade intra-day for aliving and this has been the most rewarding experience of my life. I've got the best guidance ever and hang out in a room where we're all raking it in. My 401k stuff is all fixed rate, no mutual funds. So it's like entering another dimension when I hear the very sad stories of others whose life savings are evaporating. I don't mean to sound cokcy, and those stories would be mine if I were in any other line of work. All I can say is I hope the trend is changing soon (although my guy says no) so we can all feel strong and take on the new world odor.

re: #12 Salem

It's going to be a while before we see a bull market again. It could take years before we see Dow 12000 again.

re: #5 gop_patriot

Those sound like lyrics from a 70s Funk song. lol

If I'm not mistaken, they are.

The new version of nirth certifikit craziness is the Selective Service story. It's at Debbie Schlussel's site, and she can have this exclusive.

Me, I'm just going to go ram my head into a wall a few times until I feel better.

My heart was flyin' up like a rocket ship
Down like a roller coaster
Back like a loop-the-loop
And around like a merry-go-round

Freddy Cannon Palisades Park

re: #13 gop_patriot

Is this kind of like an open thread?

If not, OT:

Charles, do you think this- Belkin : Switch-to-Mac Cable is a good product?

Seems like it would be; very simple. Just wondering what you think about it.

Does it come with proprietary software?

re: #18 Occasional Reader

If I'm not mistaken, they are.

It's pretty similar to Gary Valenciano's sone "Everybody Get Down" from 2002...

Get up on the down stroke.

Everybody get up.

re: #19 Charles

Debbie practices selective sanity

re: #19 Charles

The new version of nirth certifikit craziness is the Selective Service story. It's at Debbie Schlussel's site, and she can have this exclusive.

Me, I'm just going to go ram my head into a wall a few times until I feel better.

I always use the tile wall in the men's room for this purpose.

re: #15 joncelli

Don't look if it makes you nervous. One of my neighbors panicked last month and sold everything for a 40% loss. I feel bad for him.

re: #9 stuiec

re: #18 Occasional Reader

I'm thinking James Brown, or Parliament..?

/probably totally wrong lol

re: #22 MrSilverDragon

sone song.

Clearly I should stop drinking so early in the day.

re: #26 Killgore Trout

Don't look if it makes you nervous. One of my neighbors panicked last month and sold everything for a 40% loss. I feel bad for him.

Don't Panic

/if you see Ford Prefect sucking on a towel, RUN

re: #19 Charles

I've never been a Debbie fan.

re: #13 gop_patriot

Is this kind of like an open thread?

If not, OT:

Charles, do you think this- Belkin : Switch-to-Mac Cable is a good product?

Seems like it would be; very simple. Just wondering what you think about it.

Looks pretty cool, if you're moving from PC to Mac. Belkin's stuff is usually solid.

Relevant joke for Spanish-speakers:

Q: Cuál es el juguete preferido de los argentinos?

A: El yo... yo...

re: #19 Charles

Me, I'm just going to go ram my head into a wall a few times until I feel better.

I've been doing that non-stop for a couple of weeks now.

/doesn't work :-(

Pre: #23 Bumr50

P Funk.

re: #25 OldLineTexan

I always use the tile wall in the men's room for this purpose.

That's fine, as long as your stance isn't too wide.

re: #21 vxbush

Does it come with proprietary software?

Apple has a "program" at there stores where if you bring in your PC they will transfer your files for you.

re: #21 vxbush

Does it come with proprietary software?

You mean like this?

Includes Belkin Migration Assistant software, which allows for the seamless transfer of PC files to a Mac computer

re: #35 Occasional Reader

That's fine, as long as your stance isn't too wide.

It's outside the stalls, so I think I'm OK there.

Well, I bought 3 stocks a month or so ago.

Two are a little bit down from my purchase price; the third is substantially up from my purchase price, and I have faith the other two will end up OK.

But right now I'm managing to stay just about even, which I guess isn't so bad.

re: #17 Killgore Trout

It's going to be a while before we see a bull market again. It could take years before we see Dow 12000 again.

Probably, but then gas was supposed to be above $5 a gallon, now. It's too bad that we'll soon have a Chief Executive who is grimly determined that gas prices go up while relentlessly talking down the economy.

re: #19 Charles

The new version of nirth certifikit craziness is the Selective Service story. It's at Debbie Schlussel's site, and she can have this exclusive.

Me, I'm just going to go ram my head into a wall a few times until I feel better.

"Belkin Migration Assistant"

Does it have Spanish instructions? I smell a market.

We want the funk!
Give up the funk!

I haven't even looked at my 401(k). I don't expect the government will allow me to retire until I'm 83.

re: #33 littleoldlady

I've been doing that non-stop for a couple of weeks now.

/doesn't work :-(

but it feels so good when you STOP...

re: #36 Dasher

Apple has a "program" at there stores where if you bring in your PC they will transfer your files for you.

I realize that. That's why I'm asking if it came with software. The older Macs would let you move files over via a Firewire cable, but the newer ones don't let you boot up in Target mode. I'm wondering if this would work. I would second Charles' recommendation. Generally, Belkin stuff is solid.

re: #43 HeatherRadish

We want the funk!
Give up the funk!

I haven't even looked at my 401(k). I don't expect the government will allow me to retire until I'm 83.

83! It's the new 65!

re: #42 OldLineTexan

"Belkin Migration Assistant"

Does it have Spanish instructions? I smell a market.

We could hire Bumblebee Guy to do the ads!

re: #31 Charles

Looks pretty cool, if you're moving from PC to Mac. Belkin's stuff is usually solid.

Thank you. :)

I think the price is pretty reasonable also. Might be a good gift idea for my brother if he buys a Mac for himself.

re: #37 gop_patriot

Bingo. So they have their own program. Interesting. I'm not sure if that would work better that the Mac's own Migration Assistant, as I would think the Apple folks would have a better idea of what needs to go where.

re: #47 Occasional Reader

We could hire Bumblebee Guy to do the ads!

Es perfecto!

re: #41 shanec99
Dont do that we need your calming counsel and wise guidance. If you cause yourself brain damage, who will monitor our occasional bad behavior?

SELL ,,, BUY ,,,SELL ,,, BUY ,,, NO ,, SELL,,, WAIT ,, BUY ,,, HOLD ON ,,SELL ,,, DAMMIT ,,, BUY ,,,!

re: #17 Killgore Trout

It's going to be a while before we see a bull market again. It could take years before we see Dow 12000 again.

Yeah know, in the world of stocks when everyone is saying something, it is frequently wrong. Right now, it's common to hear that the current recession will be a long one. It's tempting to bet the other way.

re: #47 Occasional Reader

Que?

re: #51 shanec99

Dont do that we need your calming counsel and wise guidance. If you cause yourself brain damage, who will monitor our occasional FREQUENT bad behavior?

truth in advertising

Gah; my brain hurts today. I'm ready to go home now.

re: #38 OldLineTexan

It's outside the stalls, so I think I'm OK there.

Just make sure you take along some Handi-Wipes to clean off those tiles first.

Yuck.

You gotta get down before you get up, and the Dow closed at +552 points today.

Someone stop this roller-coaster and let me off.

re: #49 vxbush

Ah, good point. My Mac is elderly, and doesn't have Migration Asst., so I didn't think about that, but my family members all have new ones. Thanks for the info. :)

re: #3 Jonas Parker

Hell, Hank and Ben can't even manipulate the DJIA without it looking obvious...

I was about to ask what Hank "Shifty" Paulson bought today :-).

re: #53 DeafDog

I haven't heard any authoritative predictions either way. The whole thing could recover in 6 months for all I know.

re: #60 gop_patriot

Ah, good point. My Mac is elderly, and doesn't have Migration Asst., so I didn't think about that, but my family members all have new ones. Thanks for the info. :)

Hope it helps.

Quoting the Wall Street Journal...

The Dow Industrials booked a 900-point swing, erasing a 300-point intraday dive to finish trade at 8835.25, a 6.7% gain. The S&P 500 rose 6.9% to 911.29.

Is that what they call a wild ride?

re: #59 buzzsawmonkey

"If it isn't Duncan, it isn't Yo-yo."

Tommy Smothers was a Duncan Yo-Yo Man.

re: #59 buzzsawmonkey

"If it isn't Duncan, it isn't Yo-yo."

May, are you we old! ;-)

re: #65 stuiec

Tommy Smothers was a Duncan Yo-Yo Man.

Ah, Tommy. I liked him a lot.

re: #10 stuiec

Didn't Monica come up... in grand jury testimony?

I think she came up...for air.

re: #66 littleoldlady

Man, are you we old! ;-)

/and tired...

re: #67 vxbush

Ah, Tommy. I liked him a lot.

Yes, but his mother always liked Dickie best.

Don't buy the rally. If the Dow gets to 9500 again go short in a big way. Check out SDS.

UltraShort S&P500 ProShares is an exchange-traded fund incorporated in the USA.
The Fund seeks daily investment results that correspond to twice (200%) the
inverse (opposite) of the daily performance of the S&P 500 Index.

I've been on Wall St for close to 20 years and I'd bet a kidney that we will see 7500 before we see 10000 on the Dow.

When the stock market drops, lemme hear ya say "BUUUSH"...
When the stock market rises, lemme hear ya say "OBAAAMA"...

re: #71 stuiec

Yes, but his mother always liked Dickie best.

Which was why I liked Tommy. :-)

I am feeding my latest 401 statement into the shredder at this very moment - unopened. It was mailed days ago so the information therein is utterly dated and meaningless. Besides, too late to run away now.

Get in on the business end of our goin' outta business sale!

Aerosmith's Back in the Sadlle is the most kickass rock song...ever!

re: #74 vxbush

Hangman, hangman, slack your rope,
Slack it for a -- ARRRGHHH...

re: #70 Iron Fist

Don't forget that Obambi is a "Drill anywhere but here! Sometime in the future" kind of President. We'll get gas up to $5 a gallon. It'll just take a little time.

Mebbe buy a big ol' tank for the backyard and stockup now.

re: #70 Iron Fist

Don't forget that Obambi is a "Drill anywhere but here! Sometime in the future" kind of President. We'll get gas up to $5 a gallon. It'll just take a little time.

My friends in "the patch" are betting it will not take long at all and continue to invest in E&P as though it were $150/bbl today.

re: #79 The Shadow Do

My friends in "the patch" are betting it will not take long at all and continue to invest in E&P as though it were $150/bbl today.

Well, it's not like they haven't made any money this year...

re: #13 gop_patriot

Is this kind of like an open thread?

If not, OT:

Charles, do you think this- Belkin : Switch-to-Mac Cable is a good product?

Seems like it would be; very simple. Just wondering what you think about it.

"go-patriot" -

Looks like a good idea - and - I was switched today, using Avant to access some stuff at MS. Got back and the browser frame was IN RUSSIAN! Wonder, has this happened to anyone else?

-S-

re: #16 reggie

Well, at least some people are having fun :-).

re: #72 Sir Lurksalot

The minute our duly elected Looters start debating the 401k snatch 7500 will be the good old days.

re: #81 Dr. Shalit

"go-patriot" -

Looks like a good idea - and - I was switched today, using Avant to access some stuff at MS. Got back and the browser frame was IN RUSSIAN! Wonder, has this happened to anyone else?

-S-

In Soviet Russia, browser migrates YOU.

/

In a rational society the market would be very steady and speculators would be frowned upon & everyone would try to be productive.

— in the far far future.

re: #83 littleoldlady

The minute our duly elected Looters start debating the 401k snatch 7500 will be the good old days.

You can bet your bottom fruitcup on that.

I have been steadily adding to my 401(k) plans since I was eligible 23 years ago. Because there's an advantage. No advantage? My money will go elsewhere (what little I get to keep). Goodbye weekly pile-o-investments for Wall Street.

Seems like everyone has left early.

re: #62 Killgore Trout

Yeah, I wasn't trying to quote you. I'm just talking in general. A lot will depend on what the O does. I'm convinced that the unknown of what he actually stands for is a big part of the recent sell off. If he fulfills his campaign promises, then we could be stalled in nuetral or in reverse for years. But if he says, "you know, I changed my mind. Let's keep everyone's taxes low" then there may be a quick reversal.

re: #5 gop_patriot

Those sound like lyrics from a 70s Funk song. lol

wocka wocka

/wah-wah pedal

The current economic turmoil has taught me one great lesson: There are no experts.

re: #45 vxbush

I realize that. That's why I'm asking if it came with software. The older Macs would let you move files over via a Firewire cable, but the newer ones don't let you boot up in Target mode. I'm wondering if this would work. I would second Charles' recommendation. Generally, Belkin stuff is solid.

Actually, the newer Macs do still have Firewire target mode. The only exceptions are the newest Macbooks, which lack a Firewire port.

I thought it was you gotta get up to get down but that was during my Midnight Funk Association Days

re: #91 Charles

Actually, the newer Macs do still have Firewire target mode. The only exceptions are the newest Macbooks, which lack a Firewire port.

Sorry, I wasn't specific enough. You are correct; just the newest Macbooks are unable to boot in Firewire mode. But it makes me think that this may be a trend for future Mac releases.

Rollercoaster!

re: #45 vxbush

I realize that. That's why I'm asking if it came with software. The older Macs would let you move files over via a Firewire cable, but the newer ones don't let you boot up in Target mode. I'm wondering if this would work. I would second Charles' recommendation. Generally, Belkin stuff is solid.

At $50 for a one time use item... I am not crazy about that. Realize it can be used by someone else. But not the kind of product I would buy that would be likely used only one time.

My daughter switched from PC to Mac...backed up her files on a external USB drive and copied them over to the Mac. After that she reformatted the USB drive to Mac format for future backups.

re: #2 winston06

Markets are wary of Obama's victory

So we might be stagnant at best for four years as Obama's ex-clinton/soros administration will enforce a strict munchaussen by proxy on the American people. Keep us financially sick to make it look like they're saving us.

Where do you put your MONEY?
You need to see this!

Then call your representative in Washington.

So whose 401k is taking a beating?

re: #83 littleoldlady

The minute our duly elected Looters start debating the 401k snatch 7500 will be the good old days.

I just know the Dems have been salivating for the day the stock market will crash so they can politically sell the idea of snatching our 401(k)s. I think the DOW will have to go below 6000 before that happens.

O/T

I am heading towards the windy city for Christmas. I will have one, maybe two days to sightsee in the area. Any suggestions from fellow travelers of what I should put on my "must see" list?

and since I'll be stuck in denver for a couple hours, how do I get into the secret tunnel?

Well, I see why he was banned.

Unfortunate.

NOt because I agreed with him, but because he was the MSM rep on the blog.

Alas, not my blog, not my call.

Let's carry on.

re: #90 Nim Chimpsky

The current economic turmoil has taught me one great lesson: There are no experts.

Except in bringing the funk!

re: #99 KingKenrod

I just know the Dems have been salivating for the day the stock market will crash so they can politically sell the idea of snatching our 401(k)s. I think the DOW will have to go below 6000 before that happens.

I don't know about you, but I'm long gone WAY before 6000.

/mattress primed and ready...

re: #101 Ben Hur

He sure asked for it.

re: #102 HeatherRadish

Is that an Old Greg reference?

re: #105 NYCHardhat

Is that an Old Greg reference?

Who?

re: #52 sattv4u2

SELL ,,, BUY ,,,SELL ,,, BUY ,,, NO ,, SELL,,, WAIT ,, BUY ,,, HOLD ON ,,SELL ,,, DAMMIT ,,, BUY ,,,!

PUT PUT PUT

re: #104 Creeping Eruption

He sure asked for it.

I went over the thread.

HE was in full Nudnik mode specifically at the Lizard King.

Not wise.

re: #106 HeatherRadish

Who?

What, you've never drank Bailey's from a shoe?

3 Wood is rockin' on the other thread. Jail the Wall Street crooks!

re: #108 Ben Hur

I went over the thread.

HE was in full Nudnik mode specifically at the Lizard King.

Not wise.

"full Nudnik mode." I like that.

re: #101 Ben Hur

While I appreciate the need for a foil and for a reasonable voice of opposition, I think that his input was rarely constructive. Mostly, he was contrarian, and all the threads quickly devolved into being all about him.

re: #101 Ben Hur

Who got banned?

re: #113 Eowyn2

Cognito is now inCognito

re: #106 HeatherRadish

Old Greg

This is kinda disturbing, but I think you'll understand toward the end.

re: #109 wontonsoup

YES!

Check this out. It's short. Yikes:

I'm just an interested spectator on the Dow, never having had any stocks, but I'm definitely increasing my stock of non-perishable foods ...

re: #9 stuiec

So high, you can't get over it
So low, you can't get under it

My favorite Clinton, George that is!

re: #115 Creeping Eruption

Cognito is now inCognito

about damn time
wasn't he banned once before?
about 8 months ago.

re: #102 HeatherRadish

Except in bringing the funk!

A magnet on my microwave, mom talking to kid: "Yes, we're dysfunctional, honey...but more important, we're funky."

re: #121 Eowyn2

about damn time
wasn't he banned once before?
about 8 months ago.

I think that is just wishful thinking on your part, but I do not really know.

You gotta get down before you get up

Coolio begs to differ.
Gotta, gotta get up to get down.

Did anyone catch the NatGeo program on the world's toughest prisons?

Do not go to prison in Peru.

Just in case you were planning to.

re: #113 Eowyn2

Who got banned?

Cognito.

re: #118 capitalist piglet

Check this out. It's short. Yikes:

[Link: hotair.com...]

I double that, "Double Yikes!"

re: #122 ploome hineni

cog was not banned bcause he was th MSM rep

but he was a nasty snarky dishonest troublemaker

and he taunted Charles

CHarles is usually too tolerant

I know.

But I enjoyed him because I saw him as the MSM rep, here.

re: #129 buzzsawmonkey

Yes; Quito while you're ahead.

Silly person.

re: #114 buzzsawmonkey

The Best Non-Kosher Corned Beef Sandwich west of the Mississippi

Chicago is east of the Mississippi.

re: #116 NYCHardhat

Thank you--I'll watch that at home, my employer has blocked YouTube (forcing me to be more creative about my killing-time-until-I-can-go-home...)

re: #14 turn

This, along with cognito apparently getting banned, is good news. I'm going back to read the thread where he got in Charles face one too many times. Ha

Oh that was a juicy thread. Noam ended with "bite me" in #800 and then cognito wouldn't relent on his insistence a 10 year old writing about Jendal and exorcism was adequate proof of a point Charles was making. Charles got fed up and finally drooped the hammer in #834 telling him don't bother emailing either. By #875 the pugnacious twit had already emailed Charles. Ha!

Pugnacious was the first thought to come to mind and upon looking this up in my book of synonyms I couldn't have chosen a better word to describe him: belligerent, bellicose, aggressive, contentious, warlike, combative, and quarrelsome.

re: #128 lone_wolf_in_illinois

I double that, "Double Yikes!"

WTF was that?

re: #114 buzzsawmonkey

Questions:

Is it dark rye, light rye, or marble rye?
What would happen if I showed up on campus with a tshirt with Ayers and a NO circle around it?
The Oriental Institute sounds awesome. I could probably spend days there.
Is Oak Park where they made the John Candy/McAuley Caulkin movies?

re: #113 Eowyn2

Who got banned?

I got band.
Not me in the pic, btw :)

re: #133 HeatherRadish

Try youtube.uk. thats how I get around.

re: #19 Charles

The new version of nirth certifikit craziness is the Selective Service story. It's at Debbie Schlussel's site, and she can have this exclusive.

Me, I'm just going to go ram my head into a wall a few times until I feel better.

Charles, why not down a few, and a few more shots of Glenfiddich, you will achieve the same thing (a bloody sore head the next day) but it will be a whole more enjoyable getting there.

Kiwi

re: #141 buzzsawmonkey

Dammit, I meant "east."

That'll teach me to try and work while I'm posting.

Silly saw. Around here, the thread's the thing!

re: #2 winston06

Markets are wary of Obama's victory

Ya think.

re: #100 Eowyn2

O/T

I am heading towards the windy city for Christmas. I will have one, maybe two days to sightsee in the area. Any suggestions from fellow travelers of what I should put on my "must see" list?

If you like architecture, check out the Chicago Architecture Foundation Tours. and the Frank Lloyd Wright creations in Oak Park and surrounding suburbs, too!

Be aware that the Chicago Transit Authority (CTA) just announced that they were raising fares, today Chicago Tribune. Seriously, Chicago is one city where it really makes sense to travel by public transportation, rather than driving. Parking in several areas in Chicago is liken to a female dog, if you get my drift.

I don't even know if its worth it to pull out at this point. I just started maybe 3 years ago on a 401k.

re: #144 Conservative in Liberal Hands

If you like architecture, check out the Chicago Architecture Foundation Tours. and the Frank Lloyd Wright creations in Oak Park and surrounding suburbs, too!

Be aware that the Chicago Transit Authority (CTA) just announced that they were raising fares, today Chicago Tribune. Seriously, Chicago is one city where it really makes sense to travel by public transportation, rather than driving. Parking in several areas in Chicago is liken to a female dog, if you get my drift.

Parking will cost you min. $20.00 for the first hour. Cab it around town.

Interesting way to try to pay your bills.

[Link: www.27bslash6.com...]

The spider drawing is on sale on ebay.

[Link: cgi.ebay.com...]

Gah; time for me to curl up and go home. Later, y'all.

re: #140 A Kiwi Infidel

Charles, why not down a few, and a few more shots of Glenfiddich, you will achieve the same thing (a bloody sore head the next day) but it will be a whole more enjoyable getting there.

Kiwi

Scotch! It's only used to clean seaweed off of boat hulls... drink a good bonded Bourbon!

some investment advice please: let's say I want to buy some stock that's gonna pay big dividends in a few weeks. How quickly can I sell the stock that I just bought?

re: #100 Eowyn2

Make sure you wear a McCain Palin shirt.

Market fluctuations cause baldness.
[Link: www.financialpost.com...]

re: #150 Maui Girl

some investment advice please: let's say I want to buy some stock that's gonna pay big dividends in a few weeks. How quickly can I sell the stock that I just bought?

How about some legal advice first. You sound like an insider. Two words: Martha Stewart.

re: #141 buzzsawmonkey

Don't mind me, I'm a little loopy today.

And suddenly craving pastrami.

re: #135 ploome hineni

why?

if I tell you I am Brittany Spears do you believe me?

he seemed to me a little milder skank than viewfromherass

I said I SAW him that way, because he would always defend the MSM.

Don't sell yourself short, Brittany is gross.

I imagine you as sort of a viking warrior chick riding a bear - you know, like on the novel covers?

;)

re: #19 Charles

The new version of nirth certifikit craziness is the Selective Service story. It's at Debbie Schlussel's site, and she can have this exclusive.

Me, I'm just going to go ram my head into a wall a few times until I feel better.

I find seven times usually does the job. Your results may vary.

I know there are traders and active investors here but I am not sure who follows technicals here. The DOW put up a technical signal today that says "bottom." It has put in an "inverted head and shoulders" pattern. It is a variation of a triple bottom except that it is A) rare in comparison and B) more reliable at predicting a reversal.

An explanation of this kind of pattern can be found here (scroll down).

What confirms this as a pattern is the relatively light volume on today's rally when compared to the other 2 drops. Patterns in charts basically record market psychology, and the light volume on the "right shoulder" (today's "V") tells us that we have run low on sellers. As scary as things got, sellers said "screw it - I will ride it into the ground but I am not selling" while buyers jumped in at the technical price point, betting that there was a floor.

The low volume also says that we may be clear of the forced liquidations - if we were knocking out stops and triggering margin calls, we'd have seen more volume. Look at today's volume compared to the other two "v's" in the pattern - smaller.

While a pattern like this won't convince many people, it will bring in traders tomorrow, and they will add buying volume knowing there is a floor. Shorts will sweat the weekend and we should see more volume starting Monday. If the volume sticks and the buying really kicks in, those still short will be running for cover and we should see some nice movement upward. If it works out we should get above 10,000 by XMAS and then go higher, then fall back and bounce off 10,000. That is called the "neckline" and 10,000 is where it would line up on the chart if we assume it takes us a few weeks to get there.

If volume doesn't kick in then the pattern fails and we see what happens next.

All speculation.

re: #155 Ben Hur

I said I SAW him that way, because he would always defend the MSM.

Don't sell yourself short, Brittany is gross.

I imagine you as sort of a viking warrior chick riding a bear - you know, like on the novel covers?

;)

Kinda like this, but a bear? :Heavy Metal

re: #17 Killgore Trout

It's going to be a while before we see a bull market again. It could take years before we see Dow 12000 again.

With this volatality, I think we're in a bat market.

re: #149 Jonas Parker

Scotch! It's only used to clean seaweed off of boat hulls... drink a good bonded Bourbon!

You obviously havent tried a Glenfiddich or Drambuie, that stuff slides down smoother than treacle (unfortunately) I have suffered the odd occasion of over-indulgence...a long time ago.

re: #126 Ben Hur

Did anyone catch the NatGeo program on the world's toughest prisons?

Do not go to prison in Peru.

Just in case you were planning to.

I once got slapped around (probably deserved...) by an East German border guard for general snarkiness.

That, too, is not recommended...

I was under the assumption that putting as much as possible into my Roth 401(k) will allow me to buy stocks dirt-cheap now, which are pretty much guaranteed to rise in value by the time I retire in 40 years.

Is this a valid assumption? Should I put even more of my income into my retirement savings?

re: #154 HeatherRadish

Don't mind me, I'm a little loopy today.

And suddenly craving pastrami.

I'm craving corn beef.Maybe we could get together on rye with mustard and coleslaw?

re: #158 Creeping Eruption

YES

re: #156 Outrider

I find seven times usually does the job. Your results may vary.

I'm in this little room with padded walls and this football helmet they make me wear...

re: #154 HeatherRadish

Don't mind me, I'm a little loopy today.

And suddenly craving pastrami.

Pregnant, are we?

re: #150 Maui Girl

You can buy and sell stocks whenever you want. Often Mutual funds have penalties if you sell them before six months or so.

re: #138 bosforus

where is mandy's clue by four?

re: #161 experiencedtraveller

I once got slapped around (probably deserved...) by an East German border guard for general snarkiness.

That, too, is not recommended...

Some people are into that, you know.

Today is "Pie day, Friday"

I am off to lunch.

re: #170 Eowyn2

where is mandy's clue by four?

That guy might be taking care of his own "whack".

re: #138 bosforus

I got band.
Not me in the pic, btw :)

Trying to find the Horn, obviously

re: #12 Salem

Political implications aside, I hope the market continues to go up.

Your hope will be rewarded. Over time. The market has never done anything but go up, over sufficiently long periods.

Short to medium term, we're probably stuck in a trading range for quite a while. When prices drop - the low- to mid-8000s seem to be the bottom - bargain-hunters come in and scoop up underpriced stocks, driving prices back up. When prices rise - harder to say how much, but the low- to mid-9000s seem to be the ceiling - billions upon billions of dollars sitting in millions of 401k accounts starts cashing out in order to redistribute those accounts to bring them back into some semblance of diversified balance, with many if not most of them way too heavy in equities. So there's resistance on both ends.

A global recession is already factored into the markets, but really bad or really good news could break this pattern in either direction. Sadly, conditions are more favorable for downward movement as large corporations fail and unemployment soars over the next few months, without much hope of any really good news on the horizon unless major adjustments are made to past economic reports (which sometimes happens) and upcoming ones being unexpectedly rosy.

re: #157 karmic_inquisitor

I think you're seriously optimistic to see a head and shoulders here.

All I see is noise, at an unprecedented level.

But hey, if you can call a bottom the same day it happens, more power to you, and do you need a pool boy?

re: #150 Maui Girl

some investment advice please: let's say I want to buy some stock that's gonna pay big dividends in a few weeks. How quickly can I sell the stock that I just bought?

There's no limit. You can sell it 2 minutes later. Unless you have insider information in which cas you can;t do any trades in the stock.

The difference is the taxes. If you sell it in less than 1 year or 1 day any gain gets taxed at your regular income tax rates. If you hold on to it for at least 1 year dn1 day then your gain gets taxed at long term capital gains rate (currently 15% sure to go up to 20-25 under O)

re: #168 Killgore Trout

Saw this and thought of you.

This picture does not necessarily reflect the views of this poster.

[Link: www.eatliver.com...]

re: #165 Nevergiveup

I'm in this little room with padded walls and this football helmet they make me wear...

The padded walls and football helmet require you to add four rammings for maximum effectiveness.

re: #153 Creeping Eruption

How about some legal advice first. You sound like an insider. Two words: Martha Stewart.

No, the company has already made the announcement. I just wanted to know how soon after I buy the stock, get the dividend that I can legally sell the stock back.

Al-Arabiya: Let’s rape all the Israeli women

[Link: hotair.com...]

Ain't peace grand?

_{Tiny breakfast}

FWIW, Cognito knew s/he got under skins and would play that angle too often.

Last night s/he was pretending that Jindal wasn't a kook of sorts because his exorcism story was old and only one source, thus implying it belonged in the Obama-esque "distraction" heap.

When one considers that the single source was Jindal himself, and that exorcism has yet to be demonstrated in a double blind study as an effective treatment of cancer, the kook label should be appropriate. Yet Cognito tried to play the game of "make them stand their ground" instead of perhaps contributing to the conversation.

Charles and many others have seen it before and got tired of it. Can't blame him even if I liked going at it with Cognito from time to time.

This board now has a vacancy for "dishonest rhetorician". Applications taken on the next open registration thread.

re: #174 A Kiwi Infidel

Trying to find the Horn, obviously

or his flute.

re: #179 Outrider

The padded walls and football helmet require you to add four rammings for maximum effectiveness.

Good point. I'm gonna save it for the Football game tonight. Go Jets!

re: #181 Nevergiveup

Al-Arabiya: Let’s rape all the Israeli women

[Link: hotair.com...]

Ain't peace grand?

Only possible in a totally warped, perverse culture.

re: #177 Sir Lurksalot

My own business is suffering so bad that I can handle any capital dividends as additional income because I'm still gonna be Net Loss at the end of the next couple of years! No taxes paid because I file jointly with my hubby. I offset him.

re: #183 karmic_inquisitor

I'm pretty sure Cognito was a guy.

re: #178 Ben Hur

Heh.

re: #169 buzzsawmonkey

The pastrami is prologue.

Oy...

re: #190 buzzsawmonkey

Then he should have burned up on November 5th.

What the Fawkes the matter with you?

re: #155 Ben Hur

I said I SAW him that way, because he would always defend the MSM.

Don't sell yourself short, Brittany is gross.

I imagine you as sort of a viking warrior chick riding a bear - you know, like on the novel covers?

;)

heh-heh!
Oh, no. Ploome is a most elegant and refined lady.

re: #160 A Kiwi Infidel

You obviously havent tried a Glenfiddich or Drambuie, that stuff slides down smoother than treacle (unfortunately) I have suffered the odd occasion of over-indulgence...a long time ago.

May I presume to add one more to your list? Lagavulin?

re: #186 Nevergiveup

Good point. I'm gonna save it for the Football game tonight. Go Jets!

Sure. Let them ram into each other with football helmets. 350 lbs running into another 350 lbs at a high pressure lunge. Wonder they don't have dain bramage.

re: #198 ploome hineni

shaddup

/my bear is parked outside

(hee-hee)

re: #150 Maui Girl

some investment advice please: let's say I want to buy some stock that's gonna pay big dividends in a few weeks. How quickly can I sell the stock that I just bought?

You have to purchase the stock before the ex-dividend date, and sell it after the ex-dividend date. So the shortest term you can own the stock is 3 days. Usually the stock will lose value equivalent to the dividend on the ex-dividend date.

i.e. If you bought a stock at 10.00 the day before the ex date, and it paid a dividend of 1.00 its share price would drop to 9.00 provided there were no other changes in the market on that day.

re: #162 wontonsoup

I was under the assumption that putting as much as possible into my Roth 401(k) will allow me to buy stocks dirt-cheap now, which are pretty much guaranteed to rise in value by the time I retire in 40 years.

Is this a valid assumption? Should I put even more of my income into my retirement savings?

If you're 40 years from retirement, and you're putting a set amount of money into a decent stock mutual fund every payday, increase the amount when you get a raise, and keep doing this for the 40 years, you will be in excellent shape when you retire. And yes, even with the market in the tank, you should be investing in stock mutual fund(s).

BBL

re: #197 buzzsawmonkey

I thought Lagavulin was that little thing at the back of your throat.

I thought it was the stuff to help Victorians with their "vapors."

Thank you everyone for your "advice." I think I will make some adjustments to my portfolio post haste.

When Mr. Beaumont was just a kitten...

re: #183 karmic_inquisitor

exorcism has yet to be demonstrated in a double blind study as an effective treatment of cancer

Rotating title! Or whatever they are these days.

Pancer's Deli, Toronto:
Kishka Appetizer
Pastrami on Double Rye with Mustard
Old Dill
Fries
Coleslaw
Diet Coke
Life is good.

re: #180 Maui Girl

If the dividend has been announced, it has already been priced into the value of the stock.

re: #186 Nevergiveup

Good point. I'm gonna save it for the Football game tonight. Go Jets!

I forgot there's football tonight. Is it on the Sunday Ticket?

re: #176 itellu3times

I think you're seriously optimistic to see a head and shoulders here.

All I see is noise, at an unprecedented level.

But hey, if you can call a bottom the same day it happens, more power to you, and do you need a pool boy?

Around October 12, 27 and today. The volume numbers tell the story as well. Only way to be certain is if volume picks up in the next few sessions on an uptrend. If we hit the neckline it is a done deal, though any number of announced policy shifts from DC could cause things to spiral downward again. For now, look at a company like CF - seriously undervalued but beaten up like all else. No brainer buy. Ubiquitous fear is the only basis for selling it. Pull fear out of the market and things will roll again.

re: #202 Son of the Black Dog

If you're 40 years from retirement, and you're putting a set amount of money into a decent stock mutual fund every payday, increase the amount when you get a raise, and keep doing this for the 40 years, you will be in excellent shape when you retire. And yes, even with the market in the tank, you should be investing in stock mutual fund(s).

Ditto, thanks for the advice

Saudi King meets with group of prominent U.S. Jews in New York

[Link: www.haaretz.com...]

Well I wasn't invited. I wouldn't have gone. I wouldn't shake his hand ( doubt he would shake mine. Shit hope he wouldn't hold my hand like they held Bush's?). Prominent Jews my ass!

re: #136 Creeping Eruption

Did you watch the vid? Telling them to "rape" the Zionist girls?

re: #118 capitalist piglet

Check this out. It's short. Yikes:

[Link: hotair.com...]

Disgusting woman. Disgusting ideology.

Notice that the only thing the interviewer (the man) is concerned about is whether or not it would draw attention to their guys, whether or not they'd be 'questioned'. Absolutely despicable. To them her idea of raping the women like the Israelis have "raped the land" (!) is just like any other strategy or method of bringing attention to their cause.

re: #197 buzzsawmonkey

I thought Lagavulin was that little thing at the back of your throat.

Heh!

re: #201 Dasher

I'm actually expecting the stock price to go up a bit rather than down but hey, it's all a gamble right. I wasn't planning on selling it right away but I was looking at leveraging my stock purchase.

re: #211 HeatherRadish

I forgot there's football tonight. Is it on the Sunday Ticket?

It is grouped into this weekends games so I guess so?

re: #207 bosforus

Rotating title! Or whatever they are these days.

And remember - Cognito was the one always demanding facts from people. Jindal claimed to have taken part in an exorcism that cured cancer. Fact. Yet Cog quibbled and treated people as yocals for asserting it.

re: #215 lone_wolf_in_illinois

Did you watch the vid? Telling them to "rape" the Zionist girls?

I did. Fucking disgusting. Not surprised it is on lube-tube. Wait, I'm sorry, the Egyptians are moderates, and our friends.

re: #218 ploome hineni

replacement bear

Man..no saddle.. I am impressed ploome..

re: #100 Eowyn2

Field Museum
Shedd Aquarium
Adler Planetarium
(all three on the museum campus and within walking distance, even in the cold)

Museum of Science and Industry

and the newly formed, about to be unveiled,

Obama Shrine

re: #53 DeafDog

Yeah know, in the world of stocks when everyone is saying something, it is frequently wrong. Right now, it's common to hear that the current recession will be a long one. It's tempting to bet the other way.

Long or short, there's little doubt that current stock prices represent a buying opportunity for those with reasonably long time horizons.

I've maxed out my contributions to my 401k to take advantage of this, and will probably tap into my 50+ catchup allowance shortly for the same reason. I don't need the money for 10 to 15 years. Having the bargains continue for some time doesn't sound like a bad thing - it sounds like an opportunity.

Of course, Obama and Company are already salivating over all that dough piled up in 401k accounts beyond the reach of taxes. I'm waiting to hear how everyone who did the responsible thing and saved for a retirement free from dependence on government aid is now "rich" and needs to be taxed into place. An announcement of anything along these lines will pretty much scotch any hope of economic recovery for several years.

re: #222 Creeping Eruption

I did. Fucking disgusting. Not surprised it is on lube-tube. Wait, I'm sorry, the Egyptians are moderates, and our friends.

And at "peace" with Israel?

re: #211 HeatherRadish

NFL Network...I think.

re: #222 Creeping Eruption

I did. Fucking disgusting. Not surprised it is on lube-tube. Wait, I'm sorry, the Egyptians are moderates, and our friends.

"With friends like this, who..."

re: #219 Maui Girl

I'm actually expecting the stock price to go up a bit rather than down but hey, it's all a gamble right. I wasn't planning on selling it right away but I was looking at leveraging my stock purchase.

NOT! Repeat NOT a game to be played by amateurs.

re: #5 gop_patriot

you gotta get down before you get back up
da hole gets deeper till you fill it on up
paulson and bernakie try to dig it deeper
but before da light shines we'll see da big grim reaper

(sung to your favorite rap rock prosady)

re: #227 BignJames

NFL Network...I think.

In NY area it is also on WPIX 11

re: #219 Maui Girl

I'm actually expecting the stock price to go up a bit rather than down but hey, it's all a gamble right. I wasn't planning on selling it right away but I was looking at leveraging my stock purchase.

It may make sense to buy the stock just before it goes ex-dividend, but then hold the stock. If you buy the stock just before the ex date, you will pay a premium for the stock equivalent to the dividend. So it is really no bargain.

re: #226 Nevergiveup

And at "peace" with Israel?

I guess so. At least they are not lobbing rockets over the border - only advocating rape for Jewish girls. But hey

re: #221 karmic_inquisitor

Yep - the quicker he comes up with some sort of viable political explanation for that the better (for him). If he keeps ignoring it or pretending he didn't say/do it it's only going to cause him more trouble down the road.

re: #233 Creeping Eruption

I guess so. At least they are not lobbing rockets over the border - only advocating rape for Jewish girls. But hey

Um, they are lobbing rockets over the border..

re: #217 eschew_obfuscation

Heh!

Here ya go

re: #224 lone_wolf_in_illinois

and the newly formed, about to be unveiled,

Obama Shrine

I guess that means Hawaii's tourism industry is still gonna suck for awhile.

re: #233 Creeping Eruption

I guess so. At least they are not lobbing rockets over the border - only advocating rape for Jewish girls. But hey

Some of the Women in Black will probably volunteer.

re: #236 lone_wolf_in_illinois

Um, they are lobbing rockets over the border..

I meant the Egyptians specifically.

Testing.

re: #233 Creeping Eruption

I guess so. At least they are not lobbing rockets over the border - only advocating rape for Jewish girls. But hey

They may not be lobbing rockets over the border, but they sure as hell aren't doing much to prevent the Palestinians from smuggling all sorts of weapons into GAZA. Which they are suppose to be doing by Treaty!

re: #225 SixDegrees

I'm waiting to hear how everyone who did the responsible thing and saved for a retirement free from dependence on government aid is now "rich" and needs to be taxed into place.

It's not "fair" to the people who didn't that you did.

re: #227 BignJames

NFL Network...I think.

Yeah, when I call bars asking if they have the NFL Network they don't seem to know. "Sunday Ticket" they understand.

Maybe a football-seeking pub crawl tonight.

[Link: antimonkeybutt.com...] if you are looking for a stocking stuffer for xmas,saw it at the hardware store today.

It only went up because McCain was Leno defending Sarah (finally) and the truth came out about the "insider" telling the crap about her being a jokester so up it went.

Yep, once again, I can only get comments to refresh by posting.

This is really a drag.

re: #246 Occasional Reader

Yep, once again, I can only get comments to refresh by posting.

This is really a drag.

Just reload the page.

re: #232 Dasher

I've started buying little lots already and hope to buy all that I want by next week. Purchases have to be completed by Nov. 25th so I've got some time.

re: #242 Nevergiveup

They may not be lobbing rockets over the border, but they sure as hell aren't doing much to prevent the Palestinians from smuggling all sorts of weapons into GAZA. Which they are suppose to be doing by Treaty!

/What? They are not doing their part? They are keeping Israel borders safe.

Egyptian officer: "Tunnels? What tunnels?"

This from a mentor:

Barron's once wrote that asking the government to service a mortgage was a bit like leaving your car parked on the side of the Cross Bronx Expressway for servicing.

That's how I feel about leaving family retirement savings in the U.S. financial markets.

Does traditional portfolio theory apply when almost every stock and bond is dependent on US government contracts, purchases and manipulations and the derivative portfolios of five banks hold every price hostage?

The time has come to revisit our most fundamental assumptions about finance and investment.

re: #244 beens21

[Link: antimonkeybutt.com...] if you are looking for a stocking stuffer for xmas,saw it at the hardware store today.

I sell that stuff! Nine out of ten people who buy it get it as a gag gift for someone else.

re: #246 Occasional Reader

Yep, once again, I can only get comments to refresh by posting.
This is really a drag.

Boy, they don't call you Occasional Reader for nuthin', eh?

re: #175 SixDegrees

In this market, I've seen major company's P&E's drop into single digits which is very rare. On my account I track Cisco Sys., ADM & Conagra Foods among others. They all have P&E's in the 8 range. Talk about bargain basement prices! If I had the money, I would be buying into them big time but alas I do not. This is a market that will reward investors with a long term strategy very well.

re: #251 buzzsawmonkey

The Museum of Science and Industry is one of the few buildings remaining from the 1893 Columbian Exposition (which is also where the first Ferris Wheel was built). It is near the University of Chicago campus, which is beautiful (that is also where the Oriental Institute is). The Midway Plaisance there was designed to be a Venetian canal, but was never flooded because to do so would have inundated the South Side. It was the Midway Plaisance that housed the cheap attractions at the 1893 Fair, which gave the term "midway" to such areas in carnivals and circuses.

The Museum of Science and Industry has a captured German U-boat which one can tour. It is also, btw, where Edward Teller gave my late father the go-ahead to develop his process for producing tritium, which made the hydrogen bomb possible.

Ever read Devil in the White City

re: #246 Occasional Reader

Yep, once again, I can only get comments to refresh by posting.

This is really a drag.

Tell Charles...He thinks Wrath is the only one with that problem (I realize he might see your post)

re: #247 Moe Katz

Just reload the page.

Yeah, that works. But not always the first time.

re: #229 Son of the Black Dog

NOT! Repeat NOT a game to be played by amateurs.

I just meant borrowing from myself by taking from an investment that's not paying off and moving it to somewhere that is rather than just leaving the "safe" investment sitting there gathering dust.

re: #257 ploome hineni

what tensions?

Jews and Black are competing for University acceptance?

competing for jobs on Wall Street or NASA?

Jews are moving into Black Neighborhoods and terrorizing the young and elderly

W H A T tension is NObama talking about?

My doc told me not to talk about Dhimmi Carter or I will have to go on blood pressure meds.

re: #221 karmic_inquisitor

And remember - Cognito was the one always demanding facts from people. Jindal claimed to have taken part in an exorcism that cured cancer. Fact. Yet Cog quibbled and treated people as yocals for asserting it.

Do you have a link for that?

*rad*

re: #157 karmic_inquisitor

I know there are traders and active investors here but I am not sure who follows technicals here. The DOW put up a technical signal today that says "bottom." It has put in an "inverted head and shoulders" pattern. It is a variation of a triple bottom except that it is A) rare in comparison and B) more reliable at predicting a reversal.

An explanation of this kind of pattern can be found here (scroll down).

What confirms this as a pattern is the relatively light volume on today's rally when compared to the other 2 drops. Patterns in charts basically record market psychology, and the light volume on the "right shoulder" (today's "V") tells us that we have run low on sellers. As scary as things got, sellers said "screw it - I will ride it into the ground but I am not selling" while buyers jumped in at the technical price point, betting that there was a floor.

The low volume also says that we may be clear of the forced liquidations - if we were knocking out stops and triggering margin calls, we'd have seen more volume. Look at today's volume compared to the other two "v's" in the pattern - smaller.

While a pattern like this won't convince many people, it will bring in traders tomorrow, and they will add buying volume knowing there is a floor. Shorts will sweat the weekend and we should see more volume starting Monday. If the volume sticks and the buying really kicks in, those still short will be running for cover and we should see some nice movement upward. If it works out we should get above 10,000 by XMAS and then go higher, then fall back and bounce off 10,000. That is called the "neckline" and 10,000 is where it would line up on the chart if we assume it takes us a few weeks to get there.

If volume doesn't kick in then the pattern fails and we see what happens next.

All speculation.

Although I don't put much faith in graphology, I'll agree that somewhere in the low- to mid-8000s there seems to be a bottom, for whatever reason. The Dow has bounced off this level four or five times now.

I also agree that a close above 10,000 would mark an important psychological milestone. But graphology only seems to work at all when there isn't news driving the markets, or at least no news other than what the graphologists are generating. A huge spike in layoffs, the collapse of a large auto company, or an unexpectedly favorable string of profit announcements could all drive the market into new territory very quickly, making hash out of the charts.

re: #256 eschew_obfuscation

Yea I thought it was just me, & so I have now gone to Safari. It looks funny, but works much better.

re: #264 ploome hineni

fkemall

Amen

re: #251 buzzsawmonkey

It is also, btw, where Edward Teller gave my late father the go-ahead to develop his process for producing tritium

Again with the tritium.

Look, your dad's tritium sucked, okay?

/

(p.s. if your dad's tritium process helped produce the night sights on my new Kimber, I thank him)