muck Posted September 29, 2008 Share Posted September 29, 2008 ...new lows on the day... Quote Link to comment Share on other sites More sharing options...
rajncajn Posted September 29, 2008 Share Posted September 29, 2008 (edited) The NFL will be decimated, ticket sales will plummet & Muck will be flogged for posting this in the wrong forum. Oh the hughmanatee!!!!! Edited September 29, 2008 by rajncajn Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted September 29, 2008 Share Posted September 29, 2008 tomorrow could be ugly....the asian and european markets are going to get crushed again. maybe a rate cut overnight? Quote Link to comment Share on other sites More sharing options...
Azazello1313 Posted September 29, 2008 Share Posted September 29, 2008 well, look on the bright side...oil went down and the dollar went up today. Quote Link to comment Share on other sites More sharing options...
budlitebrad Posted September 29, 2008 Share Posted September 29, 2008 More than $1 trillion was wiped off the value of U.S. equities today, according to data compiled by Bloomberg. Quote Link to comment Share on other sites More sharing options...
MikesVikes Posted September 29, 2008 Share Posted September 29, 2008 Just another manic Monday. Quote Link to comment Share on other sites More sharing options...
CaP'N GRuNGe Posted September 29, 2008 Share Posted September 29, 2008 More than $1 trillion was wiped off the value of U.S. equities today, according to data compiled by Bloomberg. Does that mean the bailout price went up, or down? Dow 8,000? Quote Link to comment Share on other sites More sharing options...
WaterMan Posted September 29, 2008 Share Posted September 29, 2008 Record setting Monday at that. Quote Link to comment Share on other sites More sharing options...
TDFFFreak Posted September 29, 2008 Share Posted September 29, 2008 The awful thing about this isn't simply the fact that we are bleeding money as investors. It's not knowing where it's going to stop. For the buy and hold investor, I'd rather just have the market hit its low tomorrow (however low it's going to be) and then begin the recovery. Quote Link to comment Share on other sites More sharing options...
keggerz Posted September 30, 2008 Share Posted September 30, 2008 so has anyone made any money selling short or buying puts? Quote Link to comment Share on other sites More sharing options...
keggerz Posted September 30, 2008 Share Posted September 30, 2008 (edited) for those that don't know: The DOW 30 3M Co. Alcoa Inc. American Express Co. AT&T Bank of America Boeing Co. Caterpillar Inc. Chevron Citigroup Inc. Coca-Cola Co. E.I. DuPont de Nemours Exxon Mobil Corp. General Electric Co. General Motors Corp. Hewlett-Packard Co. Home Depot Inc. Honeywell International Inc. Intel Corp. International Business Machines Corp. Johnson & Johnson JPMorgan Chase & Co. Kraft Foods McDonald's Corp. Merck & Co. Inc. Microsoft Corp. Pfizer Inc. Procter & Gamble Co. United Technologies Corp. Verizon Communications Inc. Wal-Mart Stores Inc. Walt Disney Co. Interesting little tidbit: The Dow Jones Industrial Average is a stock market index originally created by Charles Dow which, today, consists of 30 large, widely held public companies. The index was first published on May 26th, 1896 and included only 12 companies which at the time were the most important in American business. General Electric is the only company on the original list that still remains in the index. Edited September 30, 2008 by keggerz Quote Link to comment Share on other sites More sharing options...
Double Agent Posted September 30, 2008 Share Posted September 30, 2008 Does that mean the bailout price went up, or down? Dow 8,000? I've heard several "experts" say the correct value should be between 7k and 8k. So it is very possible that this might get very, very ugly on the correction. Quote Link to comment Share on other sites More sharing options...
Chavez Posted September 30, 2008 Share Posted September 30, 2008 Why the decine? Because the bailout didn't go through? As if anyone believes it isn't gonna happen in one form or another Quote Link to comment Share on other sites More sharing options...
Double Agent Posted September 30, 2008 Share Posted September 30, 2008 Why the decine? Because the bailout didn't go through? As if anyone believes it isn't gonna happen in one form or another Yes. Investors losing faith. I do think there will be some form of bailout. Not real sure how I feel about it. I'm very curious as to what tomorrow brings. It could be worse. Quote Link to comment Share on other sites More sharing options...
muck Posted September 30, 2008 Author Share Posted September 30, 2008 so has anyone made any money selling short or buying puts? Yes, in one of the funds I manage (very high risk), I've been short since mid May. Today, that fund was up about 20%. In different fund I manage (very high risk), funding for investments was pulled by Morgan Stanley and JP Morgan (due to the incredibly tight credit markets and rumors swirling about Morgan Stanley's creditworthiness) and we lost about 25% last Thursday / Friday. In a third fund I manage (tries to be very low risk), we have made money every day this month, and have made money every month for nearly four years. A fourth fund I manage (higher risk than the third fund mentioned above), we have made money every day this month and every month since it was started in April (or May, I forget). A fifth fund I manage ... I have no idea if we have made money or lost money as everything in there is so long term (and nearly none of it is publicly traded) it doesn't make sense to try to value it each day; even quarterly valuations are probably too frequent. ...so, it's a rather manic proposition to be a full-time investor in these times... Quote Link to comment Share on other sites More sharing options...
millerx Posted September 30, 2008 Share Posted September 30, 2008 Yes, in one of the funds I manage (very high risk), I've been short since mid May. Today, that fund was up about 20%. In different fund I manage (very high risk), funding for investments was pulled by Morgan Stanley and JP Morgan (due to the incredibly tight credit markets and rumors swirling about Morgan Stanley's creditworthiness) and we lost about 25% last Thursday / Friday. In a third fund I manage (tries to be very low risk), we have made money every day this month, and have made money every month for nearly four years. A fourth fund I manage (higher risk than the third fund mentioned above), we have made money every day this month and every month since it was started in April (or May, I forget). A fifth fund I manage ... I have no idea if we have made money or lost money as everything in there is so long term (and nearly none of it is publicly traded) it doesn't make sense to try to value it each day; even quarterly valuations are probably too frequent. ...so, it's a rather manic proposition to be a full-time investor in these times... 3 out of 4 ain't bad...I might just have to look you up! Quote Link to comment Share on other sites More sharing options...
Chavez Posted September 30, 2008 Share Posted September 30, 2008 Yes. Investors losing faith. I do think there will be some form of bailout. Not real sure how I feel about it. I'm very curious as to what tomorrow brings. It could be worse. I am not really 100% sold on the bailout either - after all, if the market is efficient, isn't a bailout f*cking up a needed correction? But both parties have basically said it's necessary; as soon as they get done swinging their dicks around and it gets done...well, that still might not solve the problem. But everyone will feel better for a week or two. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted September 30, 2008 Share Posted September 30, 2008 so has anyone made any money selling short or buying puts? trading has been good Quote Link to comment Share on other sites More sharing options...
TheShiznit Posted October 2, 2008 Share Posted October 2, 2008 Yes, in one of the funds I manage (very high risk), I've been short since mid May. Today, that fund was up about 20%. In different fund I manage (very high risk), funding for investments was pulled by Morgan Stanley and JP Morgan (due to the incredibly tight credit markets and rumors swirling about Morgan Stanley's creditworthiness) and we lost about 25% last Thursday / Friday. In a third fund I manage (tries to be very low risk), we have made money every day this month, and have made money every month for nearly four years. A fourth fund I manage (higher risk than the third fund mentioned above), we have made money every day this month and every month since it was started in April (or May, I forget). A fifth fund I manage ... I have no idea if we have made money or lost money as everything in there is so long term (and nearly none of it is publicly traded) it doesn't make sense to try to value it each day; even quarterly valuations are probably too frequent. ...so, it's a rather manic proposition to be a full-time investor in these times... Isn't the first fund where you are shorting the S&P 500. That was a good call....as I thought it would trade flat from may to december....I still have a chance! Quote Link to comment Share on other sites More sharing options...
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