STOCK MARKET: Let's talk stocks and investing

There's less blood in Mortal Kombat games.

 

Alright ... the half hour of power begins at the critical retracement level ... will we hold?

 

FAIL.

 

Game over. Drop the bombs.

 

A very messy day.

 

A company with no debt, a lot of cash, and pretty much a monopoly is trading at a p/e of 9. I think we might be nearing the bottom.

 

I'm still waiting for capitulation. This is weak stuff.

 

That was just sick ... what happened there.

And it was pretty heavy volume too.

 

UYG at 3.60?

 

What do you want for capitulation? Do you want it to go to 0 on 100x volume?

 

Yeah, nuts. I got in at 4.20 earlier today and I thought I got a great deal! Oy vey.

 

I want to see bankers jumping out of windows and auto workers driving through the streets in cobbled together vehicles roar warrior style - that would be a clear sign

 

DCA'ing is starting to hurt. Let's have some levity :

"I see support at 0"

 

17 more days of this and there's nowhere to go but up!

 

You could buy a 3 month treasury and in 3 months, you'll the yield is .01% and then you factor in transaction costs....

 

As a good friend of mine and stock-market guru would say...."someone just hit The Button"...

 

I would have had more hopes for a rally tomorrow if we had seen a reversal late in the day, but right now everything is just in the most bearish orientation possible. Volume picked up very, very rapidly in the last 30 minutes, and right now, there's a lot of air underneath. I think where this week closes would have a lot of implication for the next two weeks, so I'm still watching for a reversal tomorrow.

 

A trader in Brazil shot himself in the head right on the trading floor today.

Does that count?