There isn’t going to be a resolution to this crisis anytime soon. It’s tempting as hell to buy TRLA, YELP, YY and others into this dip, but there isn’t a catalyst in the world that can help stocks over the next two weeks.
The Treasury Sec will offer a retarded speech on Thursday, further exasperating this crisis to the point of absurdity.
I am absorbing losses and do not have hedges. I regret listening to the lot of you about going long VXX. That being said, I appreciate your candor, albeit wrong-headed stupidity.
The time to be brave and filled with rage is not today. Tomorrow the markets shall plunge lower, forcing smiles out of our elected officials for successfully causing crisis.
There is a silver lining.
The PPT is hard at work, spitting out some signals that should be looked at. Get your shopping lists ready and prepare to buy QUALITY once the market turns. I want to stress that last point. Many of you are saddled with garbage, because that’s what has run up over the past 2 months. You don’t chase garbage down the toilet, fools. You flush it and buy the toilet instead (whatever that means). You get my drift.
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Actually, I bought three new toilets last week.
The others were over 20 years old and it was rather embarrassing (for my wife, not me) to tell our guests their toilet was out of order.
The weird thing about them is that they are “comfort height” and because my testicles are still hanging a bit lower after my Inguinal hernia surgery they get a bit of a wash when I sit down.
P.S. Thought I would inject some (sick) humor for those holding the momo stocks.
thats a lot of info friendo
Funny, that’s what my son said except I think he said Daddio.
May I suggest a plumber to lower the water level?
Thats why they make those thick seats you see in the geriatric wards.
I thought comfort height was a taller toilet.
^ Comment of the year!
Trimmed today, caught a glimpse of some of my holdings rocketing higher this morning then a nasty reversal. That was my cue to sell some so I sold some X, XONE, AMBA and NIB…Raised some cash and waiting for the next opportunity to buy.
agree ,,we have a flush down in the morning,,,starting tonite in asia,,these idiots have no intentions of resolving prior to 10/17..take the pain
but then maybe AA will lift the market, (sarcasm)
Good grief , Johnny Thain and Maria Fatiloma on CNBC laying out disaster strategies…….
of course YUM is of no help…its going to be a rough day
The only things I bought today was my lunch and a PPT trial membership
raising stops daily on UVXY. bears now have 50dmas breached
we’ll take it 🙂
There I see an add on the right side , informing me that I can ask McCartney any question I like. So I asked him if my stocks go up tomorrow.
up in price, up in smoke, it’s up either way.
PPT is an awesome tool.
That is to say, PPT has led me to gains over the past month that enable me to endure the present market funk.
That is to say, PPT has led me to gains over the past month that enable me to endure the present market funk.
Ted Cruz, Harry Reid, and Obama all don’t want a shutdown… they’ll work it out! ; )
Last paragraph should be printed out and hanged over every trader’s desk.
I finished slightly … in green.
Ready to buy fear, long shopping list of quality names and plenty of time, highest cash % of the year.
Happy trading,
Mr.P
YELP Gelded,,, buy the blood? or run like a scared punk… hahahahaha
Market will fly tomorrow $$ just a feeling!
Yellen is the new fed chair .
(i’ve seen a peak in futures)
Just checking a couple of S. African gold miners (HMY,GFI).
I don’t think they have close this low since the ’90s when gold was about 285-300.
The Rand and their costs must be killing them
Dead cat bounce tomorrow on the Janet Yellen news. A chance to exit some positions. Downtrend continues until the debt limit is resolved. imo
Disgraceful. Families of soldiers killed in Afganistan are denied death benefits because the government is shutdown.
http://usnews.nbcnews.com/_news/2013/10/08/20873800-senate-elders-denounce-suspension-of-death-benefit-for-families-of-fallen
http://www.youtube.com/watch?v=JvTS9jzQm8U