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- Jul 27, 2005
When I left for class, I was up about $220 in SRS, when I came back two hours later, I'm down about $60. An almost $300 swing in two hours? What happened?
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ah, got it. i'm guessing you heard about jobs having his pancreas removed. aapl is going to plummet.Originally Posted by Dey Know Yayo
finnns2003- naw jpm's not a good buy imo
mrmundaynite- spy 82 bounce, temporary, well sell back off next week
lazyj10- theres better shorts out there than M
this bounce is perfect, prolly gonna rally into tues/wed. lets us load up on gs, spg, aapl, cf puts and srs, faz equity and calls.
I know but my gf works there and I hate them.Originally Posted by Dey Know Yayo
finnns2003- naw jpm's not a good buy imo
mrmundaynite- spy 82 bounce, temporary, well sell back off next week
lazyj10- theres better shorts out there than M
this bounce is perfect, prolly gonna rally into tues/wed. lets us load up on gs, spg, aapl, cf puts and srs, faz equity and calls.
[h1]Depression ahead, prepare for stock rout-SocGen[/h1]
LONDON, Jan 15 (Reuters) - Societe Generale said on Thursday that the United States' economy looks likely to enter a depression and China's could implode.
- Reuters, Thursday January 15 2009
In a highly bearish note, veteran cross asset strategist Albert Edwards said investors should now cut equity exposure after a turn-of-the-year rally and prepare for a rout.
He predicted that the S&P 500 index of U.S. stocks could be set for a fall of nearly 70 percent from recent levels.
Edwards also raised the danger of a global trade war with China.
"While economic data in developed economies increasingly reflects depression rather than a deep recession, the real surprise in 2009 may lie elsewhere," Edwards wrote.
"It is becoming clear that the Chinese economy is imploding and this raises the possibility of regime change. To prevent this, the authorities would likely devalue the yuan. A subsequent trade war could see a re-run of the Great Depression."
Edwards has long been one of the most bearish analysts in London, first with Dresdner Kleinwort and then with SocGen.
But he called in October for clients to increase their exposure to equities, which he said were due a rebound.
"We believe that the market is (now) set to quickly slide sharply towards our 500 target for the S&P," he said.
The S&P 500 <.SPX> stock index is currently at 842, up about 14 percent since hitting a low in November.
As an aside, I can't even imagine the CNBC twits after todays market.