PearlwhiteS2k

^ I know =(

SkiLLeDS2000

Well, call me crazy, I went long MS at $22.00. Its a solid company, I'll short it around 30, but I'm feeling a nice bear market bank rally. We will see

I shorted appl at 102 yesterday morning, happy I did, had a nice run form 78.50 where I went long.

Still long UGA, hit 23.75 today

SkiLLeDS2000

I heard some economists say that gold goes higher during a delfation period too. From reading your posts your in the know about the markets, do you have any idea why that would be the case? I dabbled in GLD a couple of months ago, then I read that inflation will be flat for 8-10 years so i pulled out, I'm pretty lost on the gold play right now, i'm thinking bubble, who knows though

trainwreck

people go to gold in times of high risk. right now there is a lot of risk in the market. overall prices of goods may be going down due to less demand, but the dollar is losing its value vs the yen and yuan and have only slightly recovered vs the euro.

i wouldnt say gold is a bubble so much as a hedge vs things like stimulus bills and a possible catastrophic collapse of our economy.

SkiLLeDS2000

I can see if the VIX was back at its highs in the 70s, but its hovering around the mid 40s for the past month. If the VIX goes over 50, then I'll be going long gold, How much longer and deeper can this recession go.

My one example, I tried to make resvertaions to a Steven Starr resturant Tangerine in philly, one of the "hi end" places to go in philly and there were booked solid friday and sat for valentines day. I'm a home improvement contractor and I've been busy since may, I'm at a bit of a loss. If i recall, back in the depression, unemployment was over 20% and they were no such things as unemployment wages and the fed pumping trillions of dollars into the market and the economy

stockae92

ok, so i thought DOW 8k was support

now that it broke 8K, I wonder would it bounce back to the 8k support or fall to the next support? 7.5k?

espelirS2K

So how does this new stimulus plan out for construction material co.'s like ATI?

I was talking off the record to a Wells Fargo FC who is a friend of mine, and he said ATI was still a bad buy, even though a lot of the other "speculators" think it's relatively good??

trainwreck

i havent read anything specific to ATI, but just from reading the news in general...the trend is that the economy is contracting quickly. govts are over budget and especially in cali, a lot of contruction projects have been suspended. i dont see a lot of building and development being done until at least a year or two.

HowardZinn

In this economy I am obeying 3 rules:
1) Only bluechip
2) Back to basics, companies that sell food, sell budget items, basic resources
3) Never more than 75% goes into the market (I'm still not sure we will avoid a depression! Some money stays in gold at the moment)

PearlwhiteS2k

picked up more Rim.to, tck.b