cthree

Hard selloff into a mid-day reversal spells rally baby!

AZDavid

It was backed by a Fed pump and not normal market movement

All you have to do is look at the market junk to see it is shorts covering.

trainwreck

i get that feeling all the time. sad part is, the hardest hit is the middle class...guys driving s2ks and not ferraris.

freed up some cash...time to go shopping again yay.

anyone buying OIL on this dip?

AZDavid

The economic reports released today look ugly. Waiting to see Intel earnings in AH.

Edit: Intel posts a great quarter

PearlwhiteS2k

That's why we need to get out of the middle class . Wow just got home from the beach and it looked like another roller coaster day.

lOOkatme

Oil will be volitile......not sure where its going for the rest of the summer or the fall.....probably bounce a round and come back during the fall.....which it normall does....then up for the winter.

AZDavid

Terex (TEX) is a very strong buy based on valuation and future business potential. They are also buying back 28% of their float.

I currently have a long position.

PearlwhiteS2k

Is having 8% cash, a good idea in these market condition?

sahtt

I'm a little frustrated because I don't want to risk accessing my account right now. I'm in hangzhou and have been using my friend's lap top but there is no wireless here. He's running a specialty linux operating system that I trust but I'm on a hotel computer now and am not brave enough to mess with my account.

I spoke to a friend in shanghai and he told me the SKF was over 200 this morning after not watching the markets for a couple days. The indy and fannie/freddie stuff is all over the international news, even the stations that primairly only talk about chinese/asian markets. I have an enormous amount of reading to do when I get some time.

I stopped out of MRO and C while I was traveling around beijing and shanghai. I think I had a limit order in for the UYG that has most likely hit which I was wanting to adjust but didn't have any safe internet access to do so. It was just a small position but sentiment internationally at least is that the bailout was nothing more than desperation and far from confidence inspiring.

Earlier today I was in a famous tea house which overlooks the most famous part of hangzhou, a large lake. A couple friends were with me and one asked what day it was and none of us knew. There is certainly a value to not knowing what day it is, even if the stock market is seemingly collapsing.

AZDavid

I think we will wake up to panic one of these mornings. That time is going to be sooner than later.