DJIA, NYSE, S&P = CRASH!!!

fatjohn said:
I'll be honest. I couldnt help but shorting this market and piling on as it went lower and higher because in my heart i know im right. In doing so i was succesful at timing it as bad as one could do it.
And so some stop losses were hit on facebook, amazon and the dow in the past days and i tried to keep my exposure.

To add insult to injury, i did it with bitcoins, which have only risen in value while i was losing them hand over fist.

I recommend everyone to never lever up. Even if it looks so clear. Even if the market turns on monday and falls 20% over the week I'll have a huge profit, but the agony wont have been worth it.

I just want to know why a fb profile is valued at 200$ a pop. Or why uber is as valuable as airbus, you know the cab app vs the company that makes half of the worlds planes and satellites.



If this is not the intermediate top with a further downswing to come, i dont know where this rally will end up. Maybe 30000. Ffs.
Click to expand...

Yeah it's pointless to try to trade this market. You will lose. Mattel posted a huge miss and yet their stock went up 5%. Next week, every large corp could report losses and the market wouldn't flinch. Crash won't officially start until some guy in a room in NJ pushes the red button. It's going to be soon but trying to time it through options is a recipe for insolvency.

Zippyjuan said:
Tesla has had some big fans on this forum.
Click to expand...

I'm thinkin all the Tesla love on CNBC isn't about the company or their vehicles, but rather Tesla's other....ahem....'contributions' that small groups can appreciate.
 
Last edited:
Yeah, i saw mattel.

I can understand the bad news is good news them wrt the feds rate. But i would expect indices to move up, not the individual companies who perform the worst.

Are yellen and bernanke going to drop more money on the specific companies that do crappy like mattel?
What the hell?
 
http://www.zacks.com/stock/news/193903/deluge-of-q3-earnings-on-the-way

Including GE and other reports this morning, we now have Q3 results from 56 S&P 500 members that combined account for 17.8% of the index’s total market capitalization. Total earnings for these companies are up +3.9% from the same period last year on -0.1% lower revenues, with 69.6% beating EPS estimates and 41.1% coming ahead of revenue estimates. This is weak performance relative to what we saw from this same group of 56 index members in other recent periods, with growth pace notably going down once contribution from easy comparisons at Bank of America (BAC) are excluded from the numbers. Surprises have started looking weaker relative to other recent periods, with the revenue beat ratio of 41.1% at this stage down from 48.2% in the preceding quarter and the 4-quarter average of 51.3% for the same cohort of players.

Looking at Q3 as a whole, combining the actual results from the 56 companies that have reported with estimates for the still-to-come 444 index members, total earnings are expected to be down -4.5% on -4.8% lower revenues. Estimates for Q4 have started to come down, with total earnings for the S&P 500 index now expected to be down -5.2% from the same period last year, which is down from an expected decline -4.7% last Friday.
 
Mhh seems that the open on monday will depend on morgan stanley, halliburton and valeant (the rollercoasterride)

And M&T bank corp, which although smaller then the others had very strange movement to the downside in its closing minutes last friday. Insider trading?

http://finance.yahoo.com/q?s=mtb
 
fatjohn said:
Yeah, i saw mattel.

I can understand the bad news is good news them wrt the feds rate. But i would expect indices to move up, not the individual companies who perform the worst.

Are yellen and bernanke going to drop more money on the specific companies that do crappy like mattel?
What the hell?
Click to expand...

Fed doesn't give or loan money to companies.
 
That list includes all Federal Government bailouts along with Fed actions. General Motors and Chrysler did not get loans from the Federal Reserve. They and the mortgage companies got money through TARP- not the Fed. As the article notes:

Companies that failed to repay the government and resulted in a loss are shaded red. You can see a list of those investments here. All other investments either returned a profit to the government or might still be repaid. Recipients of aid through TARP’s housing programs (such as mortgage servicers and state housing orgs) received subsidies that were never intended to be repaid, so we don’t mark those as losses..
Click to expand...
 
Last edited:
presence said:
indeed, my gut of guts puts the bottom at djia 5200 out towards spring 2018. I sense a market ugliness that few can fathom.



That news would've made Howard Hughes' eye twitch.
Click to expand...

I don't see the DOW going anywhere near that low without the Fed launching QE4.
 
What a day!

Started with Morgan Stanley making a horrendous loss and ended with a gruesome IBM failure!

Markets are up thanks to a ten minute closing rally to daily highs partially because Oprah bought into Weight Watchers.
 
fatjohn said:
I'll be honest. I couldnt help but shorting this market and piling on as it went lower and higher because in my heart i know im right. In doing so i was succesful at timing it as bad as one could do it.
And so some stop losses were hit on facebook, amazon and the dow in the past days and i tried to keep my exposure.

To add insult to injury, i did it with bitcoins, which have only risen in value while i was losing them hand over fist.

I recommend everyone to never lever up. Even if it looks so clear. Even if the market turns on monday and falls 20% over the week I'll have a huge profit, but the agony wont have been worth it.

I just want to know why a fb profile is valued at 200$ a pop. Or why uber is as valuable as airbus, you know the cab app vs the company that makes half of the worlds planes and satellites.



If this is not the intermediate top with a further downswing to come, i dont know where this rally will end up. Maybe 30000. Ffs.
Click to expand...

Everybody get all the Uber , 1 800 flowers , fbook etc ya need , leave the few real things to me , LOL
 
Madison320 said:
Quote Originally Posted by presence View Post
indeed, my gut of guts puts the bottom at djia 5200 out towards spring 2018. I sense a market ugliness that few can fathom.



That news would've made Howard Hughes' eye twitch.
Click to expand...
I don't see the DOW going anywhere near that low without the Fed launching QE4.
Click to expand...

70% drop in stocks from where they are now would certainly get their attention.
 
Anyone noticed how glencore got in the news three weeks

Luckily since then copper and commodity prices have rebounded tremendously. Oh, wait...

Also, deutsche bank. 6 billion here, 6 billion there...
 
I am very impressed with the OP here! Any chance on some weekly advice or something like that..?
 
Another 17779 closing number today. Not always a bad sign but should be noted when it comes up.
 
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