Its funnymentals, but still...

Jobless claims rise to record high. Futures lower on the spot, but then they are back to previous values right after that, as if they couldnt be bothered... ;-) bastages... yes i am short and very nervous. Best of luck to all.

Edited by Venatici, 26 February 2009 - 08:49 AM.

Jobless claims rise to record high. Futures lower on the spot, but then they are back to previous values right after that, as if they couldnt be bothered... ;-)
bastages... yes i am short and very nervous.
Best of luck to all.

Seems like the conventional wisdom is a break of spx780 to the upside as a reason to get nervous.

Jobless claims rise to record high. Futures lower on the spot, but then they are back to previous values right after that, as if they couldnt be bothered... ;-)
bastages... yes i am short and very nervous.
Best of luck to all.

Remarkable, isn't it ? The stock market is at 12 year lows after breraking a support that held twice from 1997.

The economic data is still accelerating down.

And the bears are nervous to be short.

Complacency is enormous. HOPE is bloating out of everything.

Jobless claims rise to record high. Futures lower on the spot, but then they are back to previous values right after that, as if they couldnt be bothered... ;-)
bastages... yes i am short and very nervous.
Best of luck to all.

Remarkable, isn't it ? The stock market is at 12 year lows after breraking a support that held twice from 1997.

The economic data is still accelerating down.

And the bears are nervous to be short.

Complacency is enormous. HOPE is bloating out of everything.

Thing is, in this case i really dont think there is hope. But i do think that "someone" is bloating this game. Sucking in more bulls and nervous bears. So far playing the game.

The days I lost the most during the last months was the jobless claims days. I tried to short them twice the day before and I got killed both times. This market is so sneaky lately... This time I am long (from 750)

The days I lost the most during the last months was the jobless claims days. I tried to short them twice the day before and I got killed both times. This market is so sneaky lately...

This time I am long (from 750)

How could you have lost money shorting the jobless claims, if the market is bouncing off the 12 year lows ? Which means that we're lower then at any time during the past few weeks the jobless claims were posted. So if you sold short into horible jobless claims numbers you'd have made money. But it takes patience to stick with the trend.


People sell into the number, and the market doesn't sell. They panic and cover for a loss, then 2 days later, once they all covered, the market sells, because there are no real buyers for stocks. All these rallies are short covering. They will all dissapear. Stay ahead of the curve. Take some profits into declines and short into rallies, just when it looks like the market has bottomed, and will keep going up for sure.

I think the only market driven news that matters now is from the 'N' word section...

Now Sheila Bair joined in - LINK abd Chris Dodd apologized LINK .

I think the only market driven news that matters now is from the 'N' word section...

Now Sheila Bair joined in - LINK abd Chris Dodd apologized LINK .

Its all meaningless. Semantics.

So they will all come out and say.. We're not nationalzing the banks. No scary words. We're just taking a 40% stake. Nothing to worry about. The market will breathe a sigh of relief for a day or 2, and then remember that the economy is still falling apart. That all these banks are still sucking billions of dollars out of the government. That durable goods keep collapsing, unemployment rocketing. and corporate profitability imploding. And that no one has money to buy stocks.

And they'll all sell it again.

Edited by ogm, 26 February 2009 - 09:27 AM.

I think the only market driven news that matters now is from the 'N' word section...

Now Sheila Bair joined in - LINK abd Chris Dodd apologized LINK .

Its all meaningless. Semantics.

So they will all come out and say.. We're not nationalziging the banks. No scary words. We're just taking a 40% stake. Nothing to woirry about. The market will breathe a sigh of relief for a day or 2, and then remember that the economy is still falling apart. That all thee banks are still sucking billions of dollars out of the government. That durable goods keep collapsing, unemplouyment rocketing. and corporate profitability imploding. And that no one has money to buy stocks.

And they'll all sell it again.

Here is another one:
Vikram Pandit, the chief executive officer of Citigroup, is likely to survive the U.S. government's plan to increase its stake in the troubled bank, according to a report in the New York Post.

The paper, which cited unnamed sources, said that no one expected a shake-up of the bank's top management to be a condition of the government raising its stake, and that all efforts were being made to avoid the appearance that Citigroup was being nationalized.

Shares of Citigroup, a Dow component, rose 9.9 percent to $2.77 in premarket trade.

LINK