Friday, November 9, 2007

Market Weaker Than Congressional Democrats

Perhaps this will change into the close, but for now, the market blows.

Should we close at the lows, stock up on food this weekend. And visit your local Walmart to pick up some assault rifles in order to protect your family from the "American refugees."

NOTE: After giving $2000 back to "mother market" I've lost my mojo. We'll be in the city all weekend and I may make an early exit. In that case, the VO will be very late tonight. I'm currently up $2150. If I drop below $2000, I'm gone.

13 comments:

ejw060412 said...

Very true

JJ2000426 said...

You should not cover FSLR yesterday in a panic. You injured yourself and hurt other short folks. And you leave a long regret when you see FSLR plummet today.

bloggerdotcom said...

If we defend our homes then they'll start calling us "insurgents".

Dinosaur Trader said...

JJ,

Fuck off.

-DT

bloggerdotcom said...

So is this the part where the Fed comes in and buys S&P futures?

Dinosaur Trader said...

Well, financials started to rally there... it would be good to see some follow through in other sectors, otherwise I'm guessing it's mostly short covering ahead of the weekend.

-DT

Dinosaur Trader said...

I just took a $1000 shower...

-DT

Dinosaur Trader said...

Actually, make that $2000.

-DT

bloggerdotcom said...

If this is a short covering rally into the close then why not buy 1000 GOOG and just close your eyes.

Dinosaur Trader said...

Nah, I had my 50-point mover this week. My heart couldn't handle two...

-DT

High Probability Trader said...

The 13 week bill hit a low of under 3% today, expect a bounce in stock indices next week and for bond yields to rise, these levels don't last for long.

PS, JJ, It's DINO's money and his decision. I would have covered up there as well. That stock is definitely behaving erratically.

Dinosaur Trader said...

HPT,

If JJ is short from "a lower price" the poor guy is already in a world of shit.

Also, SWC is scraping the $10 level again... sigh.

-DT

Bluedog said...

I hope that $2,000 shower was enjoyable!

Have fun in the city and rub the bull for me for good luck. Also, if you'd like, kiss the doors to the NYSE. ;)

Go NYX!!!!!!!!!!!!! :D

-BD