I know that they are in court a lot for lots of different things and win some and lose some. I don't know what is....I am not an attorney. If there is an attorney on here, would you kindly explain this in layman terms to non-legal beagles like myself and also explain the ramifications to us. Thanks in advance,Originally Posted by Sworntwofun
There is a copy of the news story up above in a post.
4 a.m.?? Darn right I missed it....haha A guy can never get in on those types of things anyway. They happen so fast, and with my retarded stock software I wouldn't stand a chance.
Bill
I thought you got into the Makers last night when I did not see you here this morning..... I cleaned my slate on Wednesday a.m except for my siri and this a.m, I shat my pants
you were right about the chaos on the board, its called buck fever in this country. I had a plan also, had my sell orders in at .19, and cancelled.
What a day!!
I had things to do early this morning..My wife was home sick today..no hangover....I clicked on my portfolio and went, "What the hell??!! As I was wiping the crusty crap out of my eyes I was bedazzled. Then I said to myself,"Self", it is too late to sell. I just went with the flow. It will go up again and is climbing.
You sold all of your stock, eh? ABK should pick up with the mortgage news coming out. BAC went wacko today. Tony (SwornTo) picked it up at a righteous price. Good for him!
OMG, with 500000 + shares, that is a lot of difference between 19 and 24.
Let's see what happens with the financials tomorrow. Ya, it was a rush!
Dow Jones Industrial Average Close 8063.07 Up +106.41
Nasdaq Stock Market Close 1546.24 Up +31.19
S&P 500 Close 845.80 Up +13.57
Well, except for SIRI today, the market really started off poorly and lame but then when everybody got the idea that the economic stimulus package had a chance of getting voted on today the market made gains by leaps and bounds (by comparison).
We have to stay over 8000 on the DOW and 1500 on the NAS to make any gains and have any possibility of being bullish. 8000 and 1500 are necessary support levels, NOT resistance levels for us go get ahead.
Bank of America dropped and hit $3.77 this morning........wow....and then it rebounded to around 4.80 late in the day.
I think this is the 6th time that we have fell below 8000 recently. It was quite impressive that the NAS has been out performing the DOW on almost a daily basis.
There is talk about the Mark To Market Rule being reversed. They should have done that on the original "bail-out", but just don't have the sense to get it done. Maybe it will come about.
Tomorrow morning we get the employment and unemployment report. It will shake the market some direction. Give the movement a 50/50. But on the positive side the Secretary of the Treasury is coming out with new plans for mortgage companies and banks and creating the "bad bank" for toilet paper assets.
This should give financials a boost, but I think he is going to announce it on Monday, but the cat is all ready out of the bag.
My prediction - look for a lively day.
Have a great night.
(Just thinking out loud)
lets hope so....Im not sure whats gonna happen with these financials but if I climb above my cost ratio with a decent gain...Im gonna dump them all!
I think they are gonna nationalize the 3 big banks eventually....We will see..
Good Luck Tomorrow..
Tony, good luck to all of we financial investors. Nationalization is a bummer and I am scared to death of it.
Gotta take the money and run if things get much worse in the financial sector. As a matter of fact, all sectors.
I really think tomorrow is going to be a very mixed day with the employment / unemployment report coming out. That, combined with the bailout for banks leaking out like floodwater today, there could be complete craziness.
Then the f'g stimulus package. ONLY 34% support it now. A week ago it was over 50%.
This goes to show that people are NOT stupid....the average guy does have a brain....he wants to be left the hell alone and not dragged into a "Nanny" government.
I am perplexed with what is happening and how fast they are trying to make it happen.
I thoroughly believe that the housing sector should receive stimulus. The housing sector is where it started, yet they are not going to give it squat. No, they would rather build golf courses and walking trails and shit like that so you can feed chipmunks and squirrels instead.
What do you or anyone else think? (The war is on...haha)
Last edited by billhart22; 02-05-2009 at 11:40 PM.
Man, if they nationalize the banks, I feel it would be a disaster. The government couldn't run a lemonade stand if they tried.
Hey Dread,
The government is making a HUGE mistake getting in everybody's business. Have you looked or heard what is in that stimulus package? You are right about not being able to run a lemonade stand. I am surprised that they are capable of getting dressed in the morning.
If you want to get this government to work, then cut out regulations that are not necessary and quit giving money to crooks. Get out of peoples' business and out of our lives.
I can accept things like local government for Cops, Firemen and things like that, but not in my face kind of government.
Last edited by billhart22; 02-05-2009 at 11:48 PM.
Nothing but pork in that sucker!!! And its everyones money that they are using to fuel there projects!!!
Why are people willing to trade their freedoms for security!!!
The sky is falling!!! The sky is falling!!!
This is one really bad joke!!!
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