4 replies to this topic

[eztrader49]

on tues, wed and thurs.....been a great ride.....first time not holding position short since early 07......i''ve gone about 10% long into fri''s close....not looking for any thing but a sharp bounce......just felt i needed to reduce my leverage .....certainly might be wrong...maybe we crash...i think up for a bit...wdik

[TheWolf]

...you are going to need it.

Wholesale earnings estimates cuts across all sectors and industries are on deck. And they will be undercut many times over.

[eztrader49]

if the market''s not up on monday...longs are gone.....also short tlt....the start of a position...always take all the luck that''s offered...tks

[RogueTrader]

Coordinated Hail Mary...

[TheWolf]

Didn''t intend on coming off as belligerent as I typically intend towards raven but I think fooling with quick buck artistry trading in this environment is Russian roulette. The risk of exchanges closed for a random period of time is real.

Long term, a few things are certain.

Once expected revenue streams, are now gone for good

Multiples reserved for credit deluged environments are gone for good.

100s of billion of dollars in equity market capitalizations that required decades, if not a century to painstakingly build are now, and will be further vaporized. LEH, BSC, FNM, FRE. AIG… they will not come back, nor will similar entities to replace their chunk knocked out of the S&P.

We have seen the highs in the equity markets for at least one generation and likely two or three.

In fact, equity metrics are so far removed from anything remotely historically considered fair after two decades plus of P/E, PEG, EBITDA distorted brainwashed notions of valuation, that a bottom won''t remotely materialize until companies once again are measured by the only metric, their ability to return profits to shareholders in the form of a dividend.