Watching BAC at $4.53 now....I have to remind myself of how many times trailing stops have saved me...grrr
And now BAC is pushing 5 bucks....congrats to those that had the balls to buy and hold below 4...and damn my trailing stop!
the fact that someone came out and said they're not going to nationalize bank of america makes me think that at some point we will nationalize bank of america (or at least something that will be nationalization in everything but name). kind of like CEO's buying their own stock after it has lost a lot of value makes me think the stock is about to go lower.
Oh and the video of Ackerman ripping the SEC is some of the best TV I've watched in a while. <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/FOKSkaQoF_I&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/FOKSkaQoF_I&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>
And yet, in the midst of this, they had the audacity to pass 151A, which state that only people with "securities" licenses should sell guaranteed products. *Newsflash* I cannot tell you how many "securities" licensed professionals I've spoken to who have absolutely no idea, to paraphrase Jim Cramer, on the largest difference between Variable annuities vs. fixed and equity indexed annuities. Only NOW are they realizing what a "walkaway" product with guarantees intact are. I'm talking to myself. Everyone hates annuity products until now.
It's of no use. The foxes are guarding the hen house, and it's been that way for a long time. The SEC isn't the one making the rules. Last I checked, FINRA and NASD are private bodies.
Ok, I'm a newbie with no personal stock outside of the mutual fund stuff. I figure now is the time to start buying some stuff on my own. Besides Fool.com, where are the best places to get educated?
Any thoughts about this article? Just more band-wagoning bears? Put Call Ratio Suggests a Market Sell Off is Coming The CBOE Options Put/Call Ratio is a contrarian indicator commonly used by investors to gauge overall sentiment. The close today indirectly suggests a sell off could be looming around the corner. The lower the reading then the more call volume is being traded versus put volume, suggesting investors are bullish on the market. On the contrary a high reading above 1.0 means there is more put volume versus call volume, suggesting investors are bearish overall. As can be seen the ratio has a recent trading range of about .75 - 1.15. The close today at .75 hasn’t been seen since late December 2008. Thus with the market this optimistic about the near term future one could bet that tomorrow may not be so cheery. The jobs data is due out tomorrow so we shall see.
