Is the stock market going to tank?

**grrrr** · 08-10-2011, 09:57 AM

Do you know what serendipity is? Getting a $1200 alimony refund check in the mail today! Never in my wildest dreams did I expect that.

All is right with the world.

**OSECS** · 08-10-2011, 10:08 AM

Originally Posted by grrrr

Do you know what serendipity is? Getting a $1200 alimony refund check in the mail today! Never in my wildest dreams did I expect that.

All is right with the world.

Hookers and blow my friend, hookers and blow .......

**Moeghoul** · 08-10-2011, 10:25 AM

**mud** · 08-10-2011, 10:42 AM

Whats bad for Stocks is good for Bonds, either way somebody's a winner, up 18% in MBS this year.

**Benny Profane** · 08-10-2011, 11:01 AM

MBS? Isn't that the crap that brought us down in the first place? Do you really know what's hidden in there? I might consider a little if it paid 100%. But, then again, if S&P rated them AAA, well, they should be safe as shit, right?

**4matic** · 08-10-2011, 11:22 AM

Originally Posted by Benny Profane

MBS? Isn't that the crap that brought us down in the first place? Do you really know what's hidden in there? I might consider a little if it paid 100%. But, then again, if S&P rated them AAA, well, they should be safe as shit, right?

Fed made $90 billion off the stuff.

**Benny Profane** · 08-10-2011, 11:41 AM

Right. The same people who print their own money. Good example.

**liv2ski** · 08-10-2011, 01:13 PM

^^^^^Benny, that made me laugh. Thanks

**Benny Profane** · 08-10-2011, 01:44 PM

Hey, your Zero Hedge moved the market big time today pushing the rumor that Socete General was going down. That's what a few traders said on Bloomberg.

**liv2ski** · 08-10-2011, 07:51 PM

Tyler would be proud. But they don't push anything except gold and the eventual collapse of the ponzi fiat system we have in place. I just looked the article up, hardly a big headline as it only had 120 comments on the post. Some get 300-400 comments.

**Moeghoul** · 08-10-2011, 07:54 PM

CME announced margin hikes on gold.

**Mazderati** · 08-10-2011, 08:24 PM

^^^ School a JONG. That portends more shorts on gold?

**Moeghoul** · 08-10-2011, 08:28 PM

Originally Posted by Mazderati

^^^ School a JONG. That portends more shorts on gold?

That portends margin calls, which = selling. Gold shorts are already short waiting for something like this.

**Mazderati** · 08-10-2011, 09:50 PM

A margin hike is an increase in the broker's maintenance requirement?

CME hikes their maintenance requirement suggesting people short au on margin may have to raise money, though not necessarily by selling au? Only if the margin hike forces the sale of au do the people that can stay short au on margin win? People long au are fine, assuming the price stays the same.

**Moeghoul** · 08-10-2011, 10:28 PM

Margin hikes drain liquidity and generally force longs to sell to meet the margin requirements which I'm pretty sure is one day for futures. Shorts last week when gold hit 1680 prolly got squeezed out and the covering pushed the price of gold into new highs. shorts at the higher price are shielded provided the price drops.If buyers come in at these high levels we could see another push higher.

Hugh Conway · 08-11-2011, 01:39 AM

**4matic** · 08-11-2011, 10:39 AM

Originally Posted by Mazderati

A margin hike is an increase in the broker's maintenance requirement?

CME hikes their maintenance requirement suggesting people short au on margin may have to raise money, though not necessarily by selling au? Only if the margin hike forces the sale of au do the people that can stay short au on margin win? People long au are fine, assuming the price stays the same.

Margin is another word for Performance Bond. Exchange margin can be different than broker margin. Day trade margin is now set by Finra but your broker will have rules on how many contracts you can trade depending if they are a finra member or not. A less than 1% increase shouldn't even ripple the water.

http://www.cmegroup.com/clearing/cme...nce-bonds.html

http://www.finra.org/investors/smart...rading/p005906

**Moeghoul** · 08-11-2011, 01:11 PM

Bottom line.........gold down and headin lower.

**SkiCougar** · 08-11-2011, 01:44 PM

Originally Posted by Moeghoul

Bottom line.........gold down and headin lower.

thats what i keep telling my gold buggy friends; but they think its all coming down like glenn beck.

it'll probably be back up over 1750 by year end, but buying now is a bad idea.

**LeeLau** · 08-11-2011, 06:02 PM

http://finance.yahoo.com/blogs/break...&asset=&ccode=

Despite the huge gains, investors are at tipping point, facing a major test of confidence on whether they believe in today's rally or not. Money manager Harry Rady tells Breakout he's not buying this rally and "things could get worse...a lot worse. As we saw in 2008 things can go a lot lower then people expect."

.....

That's because "the consumer is terrified" and has suffered irreparable harm. "It will be some time before investors have confidence to wade back in, if at all," says Rady.
Is he right? Is fear here to stay?

No. The the supply of sheeple longs waiting to be fleeced is endless

**Downbound Train** · 08-11-2011, 06:13 PM

Originally Posted by SkiCougar

thats what i keep telling my gold buggy friends; but they think its all coming down like glenn beck.

it'll probably be back up over 1750 by year end, but buying now is a bad idea.

Didn't you say that at $600 / $1000 / $1200.... Ok, maybe no you but people like you.

**Downbound Train** · 08-11-2011, 06:19 PM

Originally Posted by LeeLau

http://finance.yahoo.com/blogs/break...&asset=&ccode=

[I] Money manager Harry Rady tells Breakout he's not buying this rally and "things could get worse...a lot worse. As we saw in 2008 things can go a lot lower then people expect."

I'm with this guy....I dumped 1/2 of my 401k into a money market today.

**MTT** · 08-11-2011, 06:28 PM

Regardless of the rollercoaster ride we see this month,
Because the FED just anounced that interestrates are going to stay (NEAR ZERO) for the next 2 years the Stock market will continue to be a busy place (Its the only place you might get a return on your money.

Keep in mind the only sock I am involved in is my 401K
But ?

**4matic** · 08-11-2011, 06:43 PM

I don't think it's over for gold till we see $150 down day which was the former limit on gold contracts and with rates this low I don't see it. Gold could go down $300 and still be corrective.

**4matic** · 08-11-2011, 06:47 PM

Originally Posted by Downbound Train

I'm with this guy....I dumped 1/2 of my 401k into a money market today.

What was it in? Rady is perma bear. He's just trying to get back to even on his 2009 shorts.

I bought dividend paying stocks on Monday and Wednesday. Conservative stuff. Tomorrow is a key day. The market broke down at 1230 SPX so a bounce to there doesn't mean much.