Stock Market Today - Intraday discussion - Page 474  

xlf bouncing hard off lows

the market has been compromised

Bear Stearns looses 50%; Dollar at record low; Oil at $110; and the Dow is only off 150 points? I think today is a day to start buying. Just my opinon.

That's right. Buy on rumor sell on news, assuming good rumor/news. Complete opposite for bad news. Sell (short) on rumor buy (cover/buy) on news.

Remember folks, the market moves ahead of the game. JMO.
This can change if things start turning bad again, but we are already hitting pretty low on the news forefront so I don't see the market getting worse, unless this whole issue we have gets rolled over into more subjects again.

I'm calling the opposite, although my bull side is still warming up more than it has been. I think we failed to hold the rally started on tues and the past few days haven't impressed. Thinking we're dropping hard by end of day, with maybe a brief midday lunchtime low volume spike to shake out weak hands and trap more flies.

Man I'm tired, hope that was coherent

Thats not your opinion, thats fact!

I hate it when you have a different view

I follow you, not bad for being tired.

My thoughts (tough to have solid thoughts in this insanity of a market) is that the rally was sold against and bought back here...they are trying to whipsaw the fools out of the market.

JMHO

On days like today I always wonder where the markets would be without the invisible hand. The lies from big money are so obvious that even the average joe doesn't believe any of it.

Common sense check here...our banking system is insolvent and our equity markets are only 15-20% off all time highs.

And we're trading with worthless dollars.

Big money telegraphed this from a mile away, another successful pump via S&P yesterday, SKF told me all I needed to see yesterday. Look at the massive volume.

Heh.. I honestly can't believe how people feel this is a bottom.
We're in a long-term bear market and i see no end in sight. Dollar new low, oil new high. I've heard that almost everyday for the past month. And the scary part is that only culminates to 10% of the greater economic problems we have today.

Im short, and i added more shorts today.

There will be fluctuations no doubt. But the trend is still down. Wouldn't it be great if the fed didn't cut or even raised rates?

Dont see that happening...The inflation report today supports further cuts and the fall of BSC will help as well...I think we could get almost a full point cut coming

Full point? No way. 50 bps is my call. They already pumped liquidity in with their 28 day lending program from Tuesday. Report this morning shows inflation lessoning a little. Cutting by a full point would be reckless same with 75 after the 200b injection. I see 50 bps as a way to lower rates even further without giving inflation a green light to start up again.

What kind of BS will they spew forth this time to get a one day reversal rally going?

Any guesses?

Thanks everyone for the analysis on DBC here, It has touched back to where I thought it would. I think I will start a new thread on it instead of keeping the discussion here.

look for shorts to cover, banks to sell off eod-- banks should stay pretty even with shorts and covers

The million dollar question is .... Can the markets rally EOD on a Fri with bad news like we had today floating around?

Or how bad will the end of day tankage be?

Markets are so volitile it's crazy right now. I personally do not see why anyone in there right mind would be holding ANY stocks in any long term account.

Wow, broke -300. Might flirt with Monday lows on S&P too.

we rallied really fast this week and thats why it fell down so fast on little bad news, there was little support because it ran up so fast imo