Ether_Snake
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I think trading will be halted on the Dow by the end of the day.
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Stock-Age: Stocks, Options and Dividends oh my!
- Thread starter koam
- Start date
CharlieDigital
Banned
Duke Togo said:
Just as a note: not sure how many people thought about it, but a 777 point drop now would be a larger % drop than the first 777 drop. When does the panic button step in?
Ether_Snake
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600 soon
Ether_Snake
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CharlieDigital said:
I believe it is, but couldn't find the source online.
10% drop, suspend trading for 1 hour.
15% drop, suspend trading for 2 hours.
20% drop, suspend for the rest of the day.
The NYSE was suspended for 4 1/2 months by the way at the start of WWII, just an FYI.
speculawyer
Member
HSBC stopping bottom falling out of FTSE.
Anyone see the Bloomberg report on them?
HSBC grew deposits 5% this year. Only bank in Europe to be up for the year. Better return than gold and treasuries. ADR is only down 3% for the year on NYSE, US banks are down >20%.
True safe-haven bank. Profits from massive diversification across Asia and Latin America. Very conservative lender, only bank to lend out less than the amount of deposits they have, lending at 90 cents on the dollar.
Number subprime lender though. But unaffected due to sheer awesomeness.
The more the shit hits the fan. The better HSBC do.
Bank of the forever.
Anyone see the Bloomberg report on them?
HSBC grew deposits 5% this year. Only bank in Europe to be up for the year. Better return than gold and treasuries. ADR is only down 3% for the year on NYSE, US banks are down >20%.
True safe-haven bank. Profits from massive diversification across Asia and Latin America. Very conservative lender, only bank to lend out less than the amount of deposits they have, lending at 90 cents on the dollar.
Number subprime lender though. But unaffected due to sheer awesomeness.
The more the shit hits the fan. The better HSBC do.
Bank of the forever.
Justin Bailey
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:lol At this point in my life I've made more money playing blackjack in Las Vegas than I have in the stock market.
Sold out of my HSBC puts for a 25% profit, still trying to get out of my Barclays puts. C'mon, the stock is down 11%! It's only 2 dollars away from strike price!
Nice thing about options trading is you don't automatically get a sick feeling in your stomach every time you see red numbers. :lol
Nice thing about options trading is you don't automatically get a sick feeling in your stomach every time you see red numbers. :lol
Ether_Snake
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So Bush might leave office with the Dow lower than when he came in.
speculawyer
Member
That was the question last month. Now it seems to be "How much lower will the Dow be than when he came in."Ether_Snake said:
Ether_Snake
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I saw CGT go from 10$ to 5$ in two weeks.
speculawyer said:
Can we keep the politics where it belongs, not in a stock-age thread. Also, to blame this on Bush is quite frankly the most narrow minded view ever. In fact, Bush's administration, both regulators and the Fed, and Clinton's Fed were the ones arguing for way more oversite of GSEs and the housing bubble. It was Congress that loved to protect their unholy golden children and encourage "affordable housing." If you want to point the finger of blame at government, it rightly falls more on Congress and the Fed than any president. Congress killed any attempt to regulate housing or raise standards in lending. Not to mention it was a global problem of cheap credit, every country was in on the madness. Just look at what is happening in Europe, Brazil, Russia, etc etc.
Ether_Snake
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Ubisoft dropped 16%.
Soon it will have lost half its value in around 6 months.
Soon it will have lost half its value in around 6 months.
dionysus said:
I feel you, man. I'm looking at the prices on these stocks and thinking..."These are great values...how much further down can we go?"
Problem is that I've been thinking that for a month or two and they keep falling. Just glad that I haven't pulled the trigger yet, and probably won't until the terrible quarterly earnings numbers come out and kill the stock market further.
Ether_Snake
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Seriously the next two weeks will be terrible, earnings galore.
toxicgonzo
Taxes?! Isn't this the line for Metallica?
Despite this crappy day on wall st., Dendreon Corp. is making huge gains today. The reason? Its Provenge prostate cancer drug reduced deaths by 20 percent in a recent trial. (http://seattle.bizjournals.com/seattle/stories/2008/10/06/daily1.html?ana=yfcpc)
I bought into this today, but I may have missed the boat buying in too high. Oh well, I guess I'll be in this for the long term.
I bought into this today, but I may have missed the boat buying in too high. Oh well, I guess I'll be in this for the long term.
gkrykewy said:
At this point I think looking at what is priced in or not is fairly pointless, I think the market is trading on fear and emotion. Fundamentals don't matter.
That being said, I am expecting earnings to be decent but outlooks to be horrendous. Earnings are lagging indicators. But the cost of borrowing for companies is going to drive the forward projections way down, not to mention a slowing consumer hurting business.
dionysus said:
Of course, of course, of course - all correct. All I'm saying is that "normal" earnings/outlooks (i.e., ones that don't anticipate an apocalypse) may be just what the doctor ordered in restoring some calm/predictability to the markets.
I'm not buying or anything - it's just a thought.
EDIT: Also, I do NOT think the DOW will get anywhere near 7,000. If the DOW falls to anywhere in that range, we'll all have bigger problems than portfolio losses in the hundreds or thousands of dollars.
gkrykewy said:
Interestingly enough, I've a friend who did some analysis a couple of years ago and consistently found the 7,000 range to be exactly where the market should be.
I'm sure it should be at about 8-9k by now, but according to some this is practically logical correction.
Davidion said:
This is consistent with my new rule of investing - whatever I say or think, you will profit by doing precisely the opposite. If I say something is oversold, sell the hell out of it. If I think something is a good buy, and ESPECIALLY if I've bought it, short the hell out of it.
speculawyer
Member
Well . . . at least the price of oil is crashing down too. Silver lining!
speculawyer
Member
The entire videogame sector has been raped (like everyone). It is kinda surprising since they are one of the few growing markets, most of the big videogame companies have no debt (and thus not affected by credit crunch directly), and have proved to be recession-proof.Ether_Snake said:
However . . . are they depression proof? :lol Gotta laugh or else you'll cry.