7 replies to this topic

[NAV]

in the industrials or the finanicals ? Then why the hell does DOW keeps making lows after lows, while the XLF keeps holding the Aug 6 lows ? Or are they sucking in more bulls there, before the final SWOOSH ? Or are they sucking in bears for something diabolical? Since, i don't have the answers, i am just watching the show....

[arbman]

They are selling the strongest stocks to raise cash... There is nothing left to sell in the already extremely sold ones...

[eminimee]

Price action to me on ES seems like it's looking for a bottom...very similar to June 06. lol

[ogm]

Fear and uncertainty, thats the only problem. Must raise cash. Baby with the bath water. Shoot first, sort em out later.... OMG Someone somewhere stopped redemptions ! Must sell everyhing ! Is economy crashing ? Is consumer going to hold up ? are we going into recession ? Is real estate now completely worthless ? What will happen to trillions of debt out there ? Is the derivatives tower coming down ? Are money market funds safe ? .... and so on.... The grip of FEAR. In reality no one has a clue whats going on, so they are selling stuff just in case. By the way, if someone wants a free bank, buy SOV.... trading at book value now. You pay for the book and get the bank for free. Of course you may say... No way.. they loanded money to somebody, maybe even to "OMG SUBPRIME !" ...... yeah, they loaned money.. thats what banks do

Edited by ogm, 14 August 2007 - 02:22 PM.

[ken29]

Good question from NAV, good answer from Kisacik, still don't know what Tea is smoking...........

[eminimee]

Good question from NAV, good answer from Kisacik, still don't know what Tea is smoking...........

Very, very good stuff. Careful...don't put crow on the menu...because I'll be the first to serve it up.

[OEXCHAOS]

In this market, you'd better PLAN on being wrong. Both ways! M

[VolPivots]

Seems to me that the bigger problem can be found here