Does the market just crash like a thousand points and if it does, do they ban shorts forever. How are they going to stop this. OK, they will say we are waiting another month. Then what. Soorer or later, This is going to have a very bad ending for anyone long financials and I think they all know this but its like lets get the quick fix now. Please let me know your comments. Thanks.
Isaac.
Serious question for everyone here
Started by
isaac613
, Sep 19 2008 02:09 PM
27 replies to this topic
#2
q4wer
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Posted 19 September 2008 - 02:24 PM
Does the market just crash like a thousand points and if it does, do they ban shorts forever. How are they going to stop this. OK, they will say we are waiting another month. Then what. Soorer or later, This is going to have a very bad ending for anyone long financials and I think they all know this but its like lets get the quick fix now. Please let me know your comments. Thanks.
Isaac.
I don't think that the market will crash, wallstreet and FED know that what they do is to protect market from falling. Anybody else who don't know how to make this market just have a wild imagination
#3
isaac613
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Posted 19 September 2008 - 02:32 PM
I would not want to own a financial on October 2nd but thats just me. I don't like losing money.
#4
ogm
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Posted 19 September 2008 - 02:41 PM
Financials will be down way before October 2.
There is now a big airpocket under them as the shorts covered. If any bank decides to raise capital before October 2 they will plunge.
#5
Mtrader
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Posted 19 September 2008 - 02:50 PM
mean while, let's make money. ca-ching-ca-ching-ca-ching
You are on your own. This is for demonstration only.
JV
JV
#6
pcp
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Posted 19 September 2008 - 02:54 PM
I doubt financials will stay up until Oct 2nd. So many stocks that I follow, financials, tech, consumer related, are all down pretty substantially from the open. Nearly everything had the high within the first few minutes of the open. Next week will be interesting. I think maybe Atilla is right on his call that this thing has either topped here or maybe on monday.
Good weekend.
#7
isaac613
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Posted 19 September 2008 - 02:58 PM
I agree with that too that they will be much lower by October 2nd because people will be selling before then because of worries that it will go down. But what happens when the shorts come back and start piling in there. We could have a dow down 1000 day. And it could happen relatively quickly. If they want the market to keep going up, they should just ban shorting completely. We only take longs.
#8
jsavage
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Posted 19 September 2008 - 02:59 PM
Does the market just crash like a thousand points and if it does, do they ban shorts forever. How are they going to stop this. OK, they will say we are waiting another month. Then what. Soorer or later, This is going to have a very bad ending for anyone long financials and I think they all know this but its like lets get the quick fix now. Please let me know your comments. Thanks.
Isaac.
If a trillion $ doesn't hold the rally....we haven't seen a panic yet.
#9
cobb
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Posted 19 September 2008 - 03:02 PM
what choice does the federal government have? They are looking at a disaster worse than 1929. They are going to act as they do and hope on hope that they can muddle through this in the coming days, weeks and months. They acted because the economy and banks were all going to seize up in the coming days if not sooner. Hope is now their business plan which is never a good plan.
#10
SandStorm
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Posted 19 September 2008 - 03:11 PM
What about Oct 2nd? It's a non-event.
Now they are considering revising bans to allow options market makers to short financials to hedge puts written.
So, let's see, you want to short financials but you can't so you buy puts and the market makers short it for you.
And that's ok because it's different from you shorting financials outright.
LOL. Why does Cox still have his job I have no idea. What a clown, just look at him.
