Friday, October 24, 2008

AM NOTES: FUTURES "LIMIT DOWN"

BOY...they jammed it up into the close (maybe stopping out some shorts)
OIL now $64? collapsed
what DAY hasn't been triple digit move?
layoffs at BIG companies just beginning....trickling into THE ECONOMY mid sized....already hit me (30-35 employees)
NO way to measure SPX profits going forward.
Greenspan "tsunami....never saw it coming..." IDIOT!
gold under $700
Copper under $1.70
Silver under $9
OMG!!!!!!!!!!!! US $$ (toiletto paper) UP 1.40 to $86.54 now that's UNWIDING!
RECORD BORROWING:
NEW YORK (CNNMoney.com) -- Commercial banks borrowed a record of $105.8 billion a day, on average, from the Federal Reserve's emergency lending window over the past week, according to Fed data released Thursday.
Uncharted territory:NEW YORK (CNNMoney.com) -- The Federal Reserve is widely expected to cut interest rates again next week. But could the Fed soon go where it has never gone before and bring them below 1%?
BUT US $$ TANKS AGAINST YEN KILLING JAPANESE EXPORTS NIKKI TANKS:
Dollar plumbs 13-year low versus yen
Greenback falls on speculation that Fed will slash rates again to shore up economy.ge -----
LONDON (CNNMoney.com) -- U.S. stock futures tanked early Friday as fears of recession deepened a global market rout.

No of course we're not already IN ONE!!

SEEING BARGAINS as baby out with bathwater....extreme VIX measurements...trying to PICK THIS Bottom has been hazordous for those doing so....and shows this is ONE....you leave ALONE and get it on the OTHER SIDE!

5 comments:

SSK said...

I HOPE EVERYTHING IS ALRIGHT AS MUCH IS POSSIBLE AND THOSE THAT HAVE BEEN EMPLOYED BY YOU FIND THEIR WAY. I HOPE YOU SURVIVE THIS STORM AS DOES YOUR HARD WORK IN YOUR COMPANY OVER THE YEARS WITH YOUR BUSINESS. REMEMBER THAT PRICES DIDNT GET BACK TO THEIR PRE 1929 LEVELS UNTIL 1953. IT IS A TRADING MARKET OUT THERE, AND COULD VERY WELL BE THAT WAY FOR A LONG TIME. TAKE CARE OF THE MORE IMPORTANT THINGS. AS A WISE MAN ONCE STATED, "DON'T DIE WITH YOUR MUSIC STILL WITHIN YOU" TAKE CARE OF YOURSELVE AND YOUR FAMILY IN THESE TURBULENT TIMES. TAKE CARE MY FREIND, SSK

Anonymous said...

It is a shame that some possibly irrepairable harm has come to our friendship. I had no idea I was not offering something of value and it was a one sided affair, that being said....appreciate your concern and weel it is a difficult period, one that I have NO guarantee of surviving but will do my best not to fall victim to the worst financial crisis in the country's history.

Hope you all are doing well, you never know what the future will bring, do not lament the end of this friendship, it is how things sometimes go,take care of yourself, hope you make it to you island one day

I choose to stand and fight here, in MY country for better or worse. I wont run or be sent fleeing because of others doing...but attempt some change here and hope one day to see some reckoning.

D

Anonymous said...

Hello Rosy, With my study's in Physcology and life's interaction with folks like my wife and Justin, has opened my mind to self awarness and emotional intelligenc. Do a search on Dr. Bretts site for emotional intelligence. It will be a eye opener to self awarness. It is only ashame if "irrepairable harm has come to our friendship", but as you say sometimes that is life. As for me, I have never experienced it with true freinds, only those that have limited self awareness and have limited interest in things besides that of there own. A perfect example of that is religion. I will always be here for those that would like to suck the marrow out of life, as I my wife and Justin persue daily. I never said you didnt offer value, but friendship is not about value, it is about awarness. As much as you desire to offer value (or however you define the intangable) the other person unless they are truely not a friend would never bring something as candid to the attention of the other party. That is where philossophy and physcology come together and for those that are self aware develop a greater appreation for life and one another.I couldnt realy offer anything of a great magnitude to a relationship unless the other party to the friendship welcomes candidness. Same thing in the other direction. In my experince, Justin and my wife both have made me more selfaware and greatfull of my emotional awarness due to the fact that our relationship is based on trust and loyalty, so much so that all of now, that how bad any preceived truth feels, (even if it is just preceived) that someone cares enough to say "Hey, have you ever thought about this or that?" A perfect absence of that quality is Alice. She is not interested in any self awarness. Everything she is involved with in her life is the right way, and the only way. There is only superfical relationships possibe there, even with her own daugter, sad,but true. In her case, she will truely "die with her music within her". As the late Randy Pausch stated, "It is a dark place to find oneself when others stop critizing you, because then they have given up on you" I have done that with Alice, and god knows all three of us have learned so much from one another is almost unbelievable, and I trust that in your life you wont let "your music die within you" as over the years you have shown yourselve to be intelligent and willing to go out and help childern. But you music within you can be more harmonious if you dont qualify freindship in terms of value, but rather selfawarness, that of yourself and the other person. It is in that spirit that I reach out to you in the past, present, and future, but in the end it is up to you. Take care of you and your family, keep up the good work on the blog, i enjoy reading it, but wont clog it up with comments as there is inherient value that stands on its own merit.

Things are going well, we go live in 09, there are investors interested. Should be good for them and us, as i have limited desire to trade for others for the most part, but will as an exception. We have daily realtime videos that are produced now going out to our subscriber list helping others, although, still free!A firm in Chicago thought the production has a market for one on one mentoring, but than agian, after a yr, i am ready to travel, not one one, but you never know. You know me, hard to keep my feet in one place.

I hope you find what you desire in your fight, one thing that I learned from you is that some battles are left alone. Take care of yourselve and your family my old friend, you will always have a place in my heart for better or worse, you know how to find me as my email will never change unless I leave this mortal coil. SSK

Anonymous said...

Hard to follow that up. In life Steve you must sometimes accept people for who they are, not who you want them to be or feel dissatisfied with them when they don't agree with your point of view.

I don't need another ounce of self awareness thank you, I am about as self aware as a human being can stand.

My point was from your comments and point of view there leaves no middle ground.

>>As for me, I have never experienced it with true freinds, only those that have limited self awareness and have limited interest in things besides that of there own.<<<

We must be living in 2 seperate worlds my friend....had this EVER been true...on my part then our "friendship" would not have lasted alomst 10 years.....that each time I came down to Fla I visited with you and family and marvled at your ability to build that house, and sat thru hour long details of its building and video diary.....

There is something else that comes with age....a loss of memory.

I don't need to be lectured on what it is to be a "TRUE FRIEND" sometimes you have to come out of the inteligencia world or swirling vocabulary and need to make a point and see things for how they really are.

A mirror is a beautiful thing....I am far from perfect, but I like who I am and have plenty of friends that seem satisfied with what I offer in friendship and have never been told I am in it for myself....what a cruel hoax that is and in defense there is no "truth" in such accusations...indeed.....what Leprican pot of gold was I stealing?

The strength of any true friendship is this acceptance of the other, with all their warts...not constant criticism of a lack of perfection and lack of heart

SSK said...

Thanks for the response. I accept the mirror analogy and agree, hell with trading everyday, I am forced to look within myself every few minutes for the need of a mental realignment. The one point that I disagree with is your statement of "constant critizm". Unless my memory is totally shot, I am not sure what you are referring to, as if you just check your own blog, you can see how many times I have mentioned to keep up the good work, and in private conversations also. I would say that you are selling yourselve short if you dont see the value of studing physcology and self awarness and emotional intelligence, as they are things that I and Justin and my wife recogize, as does Dr Brett, critical during life until death to keep the mind open to new things, and an understanding of things in different contexts. A very worthwhile study, especially if your interested in trading some time. You seem vexed in your rejoinder, maybe you are infering a bit more hostility from me that was intended. I will say that once I learned you were offended by my post on your blog, I appoligized in private and public, and waited for a rejoinder that never came. That didnt leave me in a good state of mind regarding how you felt towards a 10 yr experience. Anyways, I agree with most of your comments but not all. Thank you for your comments on the house, I know you were interested and offered commendation. I got the sense that you were less interested in TAMTA which thus far has been my greatest achievement based on Dr. Bretts insight into trading, but as you said, the money in the account will vindicate the work, I just wish you were more excited about it, instead of the constant critizim that simulated trading some how doesnt take the place of trading real money. If you still believe that emotions are attached to trading and emotions are only controlled by trading real money, I would suggest that you study under Dr. Brett, as he has a lot to say on the matter. In the end though, we will be making money for real soon. Take care, SSK