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Thread: sell! sell! sell!

  1. #26  
    the bear is back biatches!! printing cancel.... tiznow's Avatar
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    One homebuilder on the warpath to zero. More to come. Spilling into all aspects of the housing market now.

    Beazer Homes (BZH - Cramer's Take - Stockpickr - Rating) plunged 40% Wednesday on market rumors that the homebuilder would file for bankruptcy.

    Several market sources say they have heard the rumor, but said they had no information to verify it.

    Beazer could not be reached for immediate comment. The stock was trading down $5.09 to $8.90.
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  2. #27  
    Living...vicariously through myself. BASEHEAD's Avatar
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    <TABLE class=qtbl><THEAD><TR><TD style="WIDTH: 50%">Name</TD><TD class=tr>Level</TD><TD class=tr>Change</TD><TD class=tr>% Change</TD><TD class=tr>Chart</TD></TR></THEAD><TBODY><TR><TD>DOW JONES INDUSTRIAL AVERAGE INDEX</TD><TD class=tr>13,362.37</TD><TD class=tr>+150.38</TD><TD class=tr>+1.14%</TD><TD class=tr></TD></TR><TR><TD>DOW JONES TRANSPORTATION AVERAGE INDEX</TD><TD class=tr>5,045.97</TD><TD class=tr>+15.95</TD><TD class=tr>+0.32%</TD><TD class=tr></TD></TR><TR><TD>DOW JONES UTILITIES INDEX</TD><TD class=tr>489.46</TD><TD class=tr>+10.10</TD><TD class=tr>+2.11%</TD><TD class=tr></TD></TR><TR><TD>S&P 500 INDEX</TD><TD class=tr>1,465.81</TD><TD class=tr>+10.54</TD><TD class=tr>+0.72%</TD><TD class=tr></TD></TR><TR><TD>S&P 100 INDEX,RTH</TD><TD class=tr>681.85</TD><TD class=tr>+6.10</TD><TD class=tr>+0.90%</TD><TD class=tr></TD></TR><TR><TD>S&P MIDCAP 400 INDEX</TD><TD class=tr>858.65</TD><TD class=tr>+2.32</TD><TD class=tr>+0.27%</TD><TD class=tr></TD></TR><TR><TD>NASDAQ-100 (DRM)</TD><TD class=tr>1,945.08</TD><TD class=tr>+13.02</TD><TD class=tr>+0.67%</TD><TD class=tr></TD></TR><TR><TD>NASDAQ COMPOSITE</TD><TD class=tr>2,553.87</TD><TD class=tr>+7.60</TD><TD class=tr>+0.30%</TD><TD class=tr></TD></TR><TR><TD>COMPOSITE INDEX</TD><TD class=tr>2,255.80</TD><TD class=tr>-14.86</TD><TD class=tr>-0.65%</TD><TD class=tr></TD></TR><TR><TD>NYSE COMPOSITE INDEX (NEW METHODOLOGY)</TD><TD class=tr>9,573.05</TD><TD class=tr>+18.55</TD><TD class=tr>+0.19%</TD><TD class=tr></TD></TR><TR><TD>RUSSELL 1000 INDEX</TD><TD class=tr>796.93</TD><TD class=tr>+4.82</TD><TD class=tr>+0.61%</TD><TD class=tr></TD></TR><TR><TD>RUSSELL 2000 INDEX</TD><TD class=tr>777.92</TD><TD class=tr>+1.80</TD><TD class=tr>+0.23%</TD><TD class=tr></TD></TR><TR><TD>S&P BARRA VALUE INDEX</TD><TD class=tr>783.39</TD><TD class=tr>+5.18</TD><TD class=tr>+0.67%</TD><TD class=tr></TD></TR><TR><TD>S&P BARRA GROWTH INDEX</TD><TD class=tr>680.25</TD><TD class=tr>+5.29</TD><TD class=tr>+0.78%</TD></TR></TBODY></TABLE>

    Thats why you dont get to count your cash till the game is OVER.
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  3. #28  
    the bear is back biatches!! printing cancel.... tiznow's Avatar
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    yeah nice rally to end the day. Things don't go straight down, or up for that matter.
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  4. #29  
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    well looks like back to the selling after the dead cat bounce. Dow got a 2&#37; haircut today. Looks like its gonna be a choppy ride on the way down.
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  5. #30  
    Living...vicariously through myself. BASEHEAD's Avatar
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    Quote Originally Posted by tiznow View Post
    well looks like back to the selling after the dead cat bounce. Dow got a 2% haircut today. Looks like its gonna be a choppy ride on the way down.
    Its been going on for months now (the subprime "crisis" correction) that is.The indecies will remain relatively stable.DJIA will be 14k+ (if not more)by the end of the year.Another month or so start bargain shopping for a big cap lender.Earnings,earnings,earnings will keep any sniff of a recession at a distance.
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  6. #31  
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    the subprime crises (now moving into the Alt-A arena) is starting to spill into alot of other areas now, financials etc. Month good luck, more like years. Much more to come.
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    281 pts down today, after a private meeting with agencies throughout the white house on a possible terrorist cell coming or already here in the united states.


    sounds like some got an early tip
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  8. #33  
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    Quote Originally Posted by tiznow View Post
    the subprime crises (now moving into the Alt-A arena) is starting to spill into alot of other areas now, financials etc. Month good luck, more like years. Much more to come.
    Theres simply not enough tied to the specifics of subprime lending to cause mass destruction (aka the big one).This would need to be compounded with some equally as damaging to have the effect your predicting.

    Were past the half way point,however speculation and doomsdayers are running rampant.In fact this may prompt the fed to cut the rate and a big enough cut solves all these guys problems (and put all the major indecies thru the roof).If some of these guys get really cheap due to lack of federal assisitance look for oversea powerhouses to come in with open checkbooks.Either way get into one or two cheap in the coming months,theyll be there for the taking.

    CF last week was a nice Monday flipper,this Monday try GME.
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  9. #34  
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    has nothing to do with terrorism. The spillage after 9/11 wasn't cause of the 9/11, it was mainly because because of economic conditions. Iraq ultimately postponed the coming economic disaster (they needed a war to keep our economy afloat as it was falling into a abyss, wars are great for the economy but not long drawn out ones, going into 9 trillion dollars debt on other countries dime) and in the end will make things worse for us. All in all disasters help the economy (hurricanes, earthquakes whatever) gives people a reason to be active, rebuild, and also wage stupid wars.
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  10. #35  
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    Quote Originally Posted by BASEHEAD View Post
    Theres simply not enough tied to the specifics of subprime lending to cause mass destruction (aka the big one).This would need to be compounded with some equally as damaging to have the effect your predicting.

    Were past the half way point,however speculation and doomsdayers are running rampant.In fact this may prompt the fed to cut the rate and a big enough cut solves all these guys problems (and put all the major indecies thru the roof).If some of these guys get really cheap due to lack of federal assisitance look for oversea powerhouses to come in with open checkbooks.Either way get into one or two cheap in the coming months,theyll be there for the taking.

    CF last week was a nice Monday flipper,this Monday try GME.
    Fed can't cut rates. If they do the markets will know they are scared. You do not want to see a rate cut right now that means we are in serious trouble.
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  11. #36  
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    Quote Originally Posted by BASEHEAD View Post
    Theres simply not enough tied to the specifics of subprime lending to cause mass destruction (aka the big one).This would need to be compounded with some equally as damaging to have the effect your predicting.

    Were past the half way point,however speculation and doomsdayers are running rampant.In fact this may prompt the fed to cut the rate and a big enough cut solves all these guys problems (and put all the major indecies thru the roof).If some of these guys get really cheap due to lack of federal assisitance look for oversea powerhouses to come in with open checkbooks.Either way get into one or two cheap in the coming months,theyll be there for the taking.

    CF last week was a nice Monday flipper,this Monday try GME.

    many hedge funds are going under due to the mortgage problems. These investment banks like goldman sachs are leveraged out the ass. As long as things are going up all is fine, but once things start falling in a drastic manner everybody is forced to sell and it all just snowballs on itself. Goldman Sachs is leveraged like 10 to 1 debt to equity, it currently trades as junk on the bond market. It's insane what's been going on out there. companies are in debt up to their eyeballs that they took on due to easy credit to either buy back their own stock or M&A activity. Once the party stops it stops in a major way.
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  12. #37  
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    Quote Originally Posted by tiznow View Post
    Fed can't cut rates. If they do the markets will know they are scared. You do not want to see a rate cut right now that means we are in serious trouble.
    Cant? Of course they can.

    Personally dont think they will or need to but its an option and a powerful one.

    BTW whos we white man? You make it seem like every sector (and individual company) under the sun is in trouble when in fact many ,many are thriving. Rate cut would simply expediate the housing/lending cycle which is nearing the half way point anyway.There are select businesses that will not survive the "crisis" but its not the economy thats drove them into the ground its bad leadership and business practices.Folks who dont do homework often miss the underlying hidden debt,manipulation of revenue,plain incompetence at the executive level...these are things bringing down the Bear Stearns of the world.
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  13. #38  
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    The international companies are doing okay for the time being because the international economies are booming and they are peddling their products where the local currency is strong while the US dollar is in the gutter as well as the US consumer up to this point has been sucking up whatever excesses they (the international countries that are growing at a unsustainable pace) have.

    The world economies are very symbiotic right now. Very similiar to prior to the first depression. the Great depression wasn't an american event it was a global event. All economies crashed.

    Also you really don't understand the fed, what they say and do has major repurcussion in telling the market their true feelings, a rate cut will signal hey guys we are in major trouble.
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  14. #39  
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    Quote Originally Posted by tiznow View Post
    many hedge funds are going under due to the mortgage problems. These investment banks like goldman sachs are leveraged out the ass. As long as things are going up all is fine, but once things start falling in a drastic manner everybody is forced to sell and it all just snowballs on itself. Goldman Sachs is leveraged like 10 to 1 debt to equity, it currently trades as junk on the bond market. It's insane what's been going on out there. companies are in debt up to their eyeballs that they took on due to easy credit to either buy back their own stock or M&A activity. Once the party stops it stops in a major way.
    The party wont stop thats the thing....it never stops.

    "Many hedge funds" failing will not sink the US economy or Wall St.Please remember that interest rates are still ridiculously reasonable.Inflation is tempered and the rate certainly not going UP anytime soon.If you dont think there are folks capable of bailing (financially and operationwise) these guys you mention out your crazy.Maybe even Uncle Sam.
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  15. #40  
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    Quote Originally Posted by tiznow View Post
    The international companies are doing okay for the time being because the international economies are booming and they are peddling their products where the local currency is strong while the US dollar is in the gutter as well as the US consumer up to this point has been sucking up whatever excesses they have.

    The world economies are very symbiotic right now. Very similiar to prior to the first depression. the Great depression wasn't an american event it was a global event. All economies crashed.
    Tiznow....I appreciate the gentlemanly back and forth here bro.I was just popping in to throw my MLB play in and I got a little sidetracked.Ive got folks waiting outside in pool (its about 95 here).

    Last thing from me for tonite:

    Great depression is an entirely other animal and no correlation can reasonably be made here.The markets and the overall atmosphere domestically and globally are like apples and oranges compared to the 1920s.

    Have a nice night
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  16. #41  
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    Quote Originally Posted by BASEHEAD View Post
    Tiznow....I appreciate the gentlemanly back and forth here bro.I was just popping in to throw my MLB play in and I got a little sidetracked.Ive got folks waiting outside in pool (its about 95 here).

    Last thing from me for tonite:

    Great depression is an entirely other animal and no correlation can reasonably be made here.The markets and the overall atmosphere domestically and globally are like apples and oranges compared to the 1920s.

    Have a nice night
    Great depression was created due to an easy credit bubble on a global scale, shoe shine boys were trading stocks etc. You have that going on in China with people their quitting jobs to trade stocks for a living as their market has gone from 1000 to 4600ish in 2-3 years. Need to look at things on a global scale.

    Enjoy the night as well basehead.
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    Also one more note on the terrorism front, just look at people's response after 9/11 buying shit they didn't need, duct taping their homes with plastic, we currently throw out ridiculous amounts of shampoo, soap, etc in the name of security at airports. Homeland security issuing warnings freakin people out to buy stuff to take precautions, and bush's best combatant to it all after 9/11, keep spending keep going to malls, keep shopping (he did say this), be patriots and use them damn CCs to buy low quality chinese made garbage on easy credit from walmart.
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  18. #43  
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    As for china luckily for us they aren't too smart they bought a big stake in blackstone right before it IPO'd 36 to 24 since inception.

    ------------------------------------------------------------------------------------------------------------------------

    HONG KONG: The first purchase by the Chinese government's new overseas investment fund, a $3 billion stake in the Blackstone Group, has backfired badly and produced an unusual public backlash within China.

    Blackstone shares have fallen steeply since the company went public June 22, pushing down the value of the government's investment by more than $500 million in just six weeks. Bloggers and even some Chinese financial media have frequently mentioned the dwindling value of the government's stake, and some have been highly critical.

    "O senior officials of the Chinese government, please do not be fooled by sweet-talking wolves dressed in human skin," said one of several Internet postings compiled by an anonymous blogger on Sina.com, a Chinese Web site. "The foreign reserves are the product of the sweat and blood of the people of China, please invest them with more care!"

    In a sign that the Chinese government may be censoring criticism on the sensitive issue of government investment losses, the blogger's entry was visible on the Web site on Thursday afternoon but had disappeared by Thursday night. Other entries by the same blogger were blocked, but milder criticisms of the Blackstone investment could still be found.

    For many years, China's central bank followed the example of most central banks by investing the bulk of its assets in Treasury bonds and other government bonds. But as China's foreign reserves have soared to $1.3 trillion, the government has started chasing higher returns - and is now learning that this involves greater risk and sometimes losses.

    Over the last several years, the People's Bank of China has led the way among central banks in buying U.S. mortgage-backed securities, accumulating an estimated $100 billion worth of them, according to people with knowledge of the central bank's trading. The People's Bank of China has long chosen some of the most creditworthy tranches of these securities.

    But with the malaise in the U.S. housing market, even the value of some previously creditworthy mortgage investments is starting to erode. The Chinese central bank abruptly halted purchases of U.S. mortgage-backed securities in May, although it does not appear to be liquidating existing holdings, said one person who follows the bank's trading practices closely.
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  19. #44  
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    Quote Originally Posted by BASEHEAD View Post
    Its been going on for months now (the subprime "crisis" correction) that is.The indecies will remain relatively stable.DJIA will be 14k+ (if not more)by the end of the year.Another month or so start bargain shopping for a big cap lender.Earnings,earnings,earnings will keep any sniff of a recession at a distance.
    LOL, alas my brutha you wanna bet?
    what say you shall be the stakes??

    Dow will hit 12,300 before it ever sniffs 14 again this year. And when it does there's little chance it will recover to 14.

    Credit meltdown is really serious chit bro. Spin it any which way, this is bad chit and a rocky ride for at least several months.

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  20. #45  
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    Quote Originally Posted by cussin'it View Post
    LOL, alas my brutha you wanna bet?
    what say you shall be the stakes??

    Dow will hit 12,300 before it ever sniffs 14 again this year. And when it does there's little chance it will recover to 14.

    Credit meltdown is really serious chit bro. Spin it any which way, this is bad chit and a rocky ride for at least several months.

    The usual Winston, 1.00.

    Youre one .50 point rate cut from losing the bet.If things get as bad as you guys say the chance of the cut gets even better.Stocks are cyclical like the home market,they get cheap enough demand grows.

    When these big cap companies stop turning big earnings then talk to me about a recession.
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  21. #46  
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    Quote Originally Posted by BASEHEAD View Post
    The usual Winston, 1.00.

    Youre one .50 point rate cut from losing the bet.If things get as bad as you guys say the chance of the cut gets even better.Stocks are cyclical like the home market,they get cheap enough demand grows.

    When these big cap companies stop turning big earnings then talk to me about a recession.
    Whoa Nelly! I'm not talkin recession here. Have I? I'm talkin serious "correction" and a slow rebound. Of course here in a bit the buy, buy, buy kicks in (keep buying the ProV's though), BUT on a much more conservative approach for me.
    There are other signs that just leave me room to doubt.

    You are one more negative report from losing the bet. CPI, CC, Housing, or another blistering report from the financial sector. The fed cut the rate? Possible, and maybe they should, but I really doubt they will.

    Seems like the one thing keeping it from freefalling has been the earnings reports.

    None-the-less, I reckon I admire your optimism, just don't share it. Have a nice Day! Best to your Pops!
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  22. #47  
    Living...vicariously through myself. BASEHEAD's Avatar
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    The problem with haircuts is that the hair always grows back.
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  23. #48  
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    Quote Originally Posted by BASEHEAD View Post
    The problem with haircuts is that the hair always grows back.
    This thread is silly. Every day the market moves someone will declare victory? Huh....How about judging the market based on inflation and the worthless U.S. dollar and you'll see its done a whole lot of nothing recently....Make calls for the end of the year, and decade, not the end of the week.
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  24. #49  
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    Funny shit. The market has been kicking azz, will be back to 14000 in a few months. Buy now.
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  25. #50  
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    Quote Originally Posted by Vaulted Treehouse View Post
    This thread is silly. Every day the market moves someone will declare victory? Huh....How about judging the market based on inflation and the worthless U.S. dollar and you'll see its done a whole lot of nothing recently....Make calls for the end of the year, and decade, not the end of the week.
    I did ,steady 14k+ end of this year.

    Worthless US dollar...lol.What do you live on ,the barter system?

    Euro will crash before the USD,dollar will be fine.
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