I've said many times, its a good thing 99.9% of the public are clueless sheep or we'd be at 5000 Dow by now. Guess the sheep woke up. A little late, but thats par. PS That BS they've been palming off for years about how you HAVE to be in the market cause the market is a good thing. Can they be sued for false prophecy? Oh, wait. The ones you'd be suing are broker than you. Never mind. Check out PRU for a taste. PS Buying stocks on margin isn't much better than what those toothless deadbeats did with houses. Speaking of deadbeats. If I bought a stock on 90% margin, or even 50%, and it went down enough so that I owed the broker $, I would still be on the hook for it. Legally. So how come those scum can walk away from an underwater mortgage? Send back the keys? wtf is that? I say, you bought it, you pay for it asshole. Or jail time.
As I pointed out on this thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=98364&perpage=6&pagenumber=113
Which ones ? BCS, BAC are cheap now but for the reason. CanRoys look cheap now but oil can go lower . what sector do you feel is undeservedly hammered ? I feel that another 10% drop in DOW will happen this month. Thanks
Maybe NOW this is capitulation? Or was it really day before yesterday? Monday for sure? Or at least by Tuesday... You just have to drag out that old chestnut "the market can be irrational longer than..."
LOL but there is a truth in it. This might be a good election campain slogan . "When I ........... am elected president I will prosecute all Wall Street scumbags ! "