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Stock market will crash Tuesday

  1. #1
    .... naked-daytrader's Avatar
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    Stock market will crash Tuesday


    If the fed doesn't cut rates at the market open tomorrow I think the market is going to crash at the open. Say down 200-500 pts for the Dow Jones. Things aren't looking good. On the bright side though, if the markets do crash at the open I'm betting it'll be a short term bottom and we end the day at even or in the green. It's what we like to call capitulation. When everyone throws their hands up and sells their stocks it means a bottom is in.

    My 2 cents........buy the market first thing on Tuesday morning, come Friday you'll be glad you did.

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    Last edited by naked-daytrader; 01-21-08 at 03:08 PM.

  2. #2
    Tie me up not down Jaynnus's Avatar
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    Re: Stock market will crash Monday

    Isn't today Monday? And isn't the market closed today?

    I bet...your wrong and it will not crash at the open on Monday!

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  3. #3
    Just Registered Crash Dummy Denno's Avatar
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    Re: Stock market will crash Monday

    Quote Originally Posted by Jaynnus View Post
    Isn't today Monday? And isn't the market closed today?

    I bet...your wrong and it will not crash at the open on Monday!
    next monday dumb girl

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  4. #4
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    Re: Stock market will crash Monday

    Fixed! I meant Tuesday asshole......

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  5. #5
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    Re: Stock market will crash Monday

    DOW futures were down 500 as of 11am.

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  6. #6
    Just Registered Crash Dummy Denno's Avatar
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    Re: Stock market will crash Monday

    everyone, follow me, let's all withdraw our money from the bank!!!!

    PANIC!!!!

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  7. #7
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    Re: Stock market will crash Monday

    I'm still kicking myself for missing those Feb 52 puts on Dec 27th. Bid 1.50 they made it as low as 1.51, ah well.

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  8. #8
    Tie me up not down Jaynnus's Avatar
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    Re: Stock market will crash Monday

    Quote Originally Posted by naked-daytrader View Post
    Fixed! I meant Tuesday asshole......

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    Quote Originally Posted by 5TOEZ View Post
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  9. #9
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    Re: Stock market will crash Monday

    Quote Originally Posted by Jaynnus View Post
    nice...nice.....real classy coming from a women. You should be ashamed of yourself. I'm telling Oreo!

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  10. #10
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    Re: Stock market will crash Tuesday

    Quote Originally Posted by l3uddha View Post
    who is mrs-naked?
    My wife. I bought her a Monster last weekend for her birthday so I guess she's part of the NESR family now. I'm sure she'll be on to introduce herself at some point and you'll be seeing her riding this season when we all head out on our secret NESR rides.

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  11. #11
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    Re: Stock market will crash Tuesday

    Quote Originally Posted by naked-daytrader View Post
    It's what we like to call capitulation. When everyone throws their hands up and sells their stocks it means a bottom is in.
    I think I saw you on CNBC the other morning.

    200 pts, or 200-500, is a crash? Unless you are referring the the S&P? Dow down 500 pts is only about a 4% drop. Not huge compared to the 2000 or so pts the Dow has lost since the fall.

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  12. #12
    Resident Turkey Tricky Mike's Avatar
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    Re: Stock market will crash Tuesday

    Should be interesting... Japan, India, Germany, UK all tanked today.

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  13. #13
    Posting Freak KevinB's Avatar
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    Re: Stock market will crash Tuesday

    I don't think we'll see the bottom yet, Tuesdays close 11,600 -11,700 unless we get a big rate cut. I think we got at least another 1000, maybe 1500 to the downside.

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  14. #14
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    Re: Stock market will crash Tuesday

    The Fed, confronted with recession fears, cut a key interest rate by three-quarters of a percentage point today.

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  15. #15
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    Re: Stock market will crash Tuesday

    I think were already there.

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  16. #16
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    Re: Stock market will crash Tuesday

    Well for those doubters out there Naked Day Trader was right on with this one


    Dow Pares Losses After Early Plunge - AOL Money & Finance

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  17. #17
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    Re: Stock market will crash Tuesday

    75 basis point cut and the dow still freefalls. Break out your leisure suits, we're gonna stagflate ourselves all the way back to the 70s.

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  18. #18
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    Re: Stock market will crash Tuesday

    I dont know fuck-all about the stock market, but I'ma buy me some of them stocks come February.

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  19. #19
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    Re: Stock market will crash Tuesday

    Quote Originally Posted by jmh992003 View Post
    Well for those doubters out there Naked Day Trader was right on with this one


    Dow Pares Losses After Early Plunge - AOL Money & Finance


    I made a killing this morning. I set all my buy orders down low at around 7.50am. Then Around 9.45am 4 of my buys got hit MTG and PMI, WM, and Ambac. I was sticking mostly with financials because they are the most oversold and I figured they’d bounce the hardest. A few of my tech buy orders got hit a few minutes after that OVTI and SMSI. Then I sold em all 10%-18% higher than where I bought them only 30-50 minutes. I'm done for the day and hold no positions long until this market figures out what the hell it wants to do. It was nice work in only an hours time. You gotta love when 90% of the world is leaning one way because the stock market almost 100% of the time does the exact opposite of what the herd does. I’m willing to bet we start to rally (more than we already have, hell we actually went up300 points from the open, that’s a rally in itself) around 2pm-3pm if we stay in this range (down 120-200) over the lunchtime hours. If the bears can’t sink this market by 3pm they’ll be covering their short positions inciting a rally at the close.

    My 2 cents anyway.

    Congrats to anyone who had the balls to buy at the open this morning in the face of all the bearish headlines coming out from the world ma

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  20. #20
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    Re: Stock market will crash Tuesday

    Quote Originally Posted by naked-daytrader View Post
    I made a killing this morning. I set all my buy orders down low at around 7.50am. Then Around 9.45am 4 of my buys got hit MTG and PMI, WM, and Ambac. I was sticking mostly with financials because they are the most oversold and I figured they’d bounce the hardest. A few of my tech buy orders got hit a few minutes after that OVTI and SMSI. Then I sold em all 10%-18% higher than where I bought them only 30-50 minutes. I'm done for the day and hold no positions long until this market figures out what the hell it wants to do. It was nice work in only an hours time. You gotta love when 90% of the world is leaning one way because the stock market almost 100% of the time does the exact opposite of what the herd does. I’m willing to bet we start to rally (more than we already have, hell we actually went up300 points from the open, that’s a rally in itself) around 2pm-3pm if we stay in this range (down 120-200) over the lunchtime hours. If the bears can’t sink this market by 3pm they’ll be covering their short positions inciting a rally at the close.

    My 2 cents anyway.

    Congrats to anyone who had the balls to buy at the open this morning in the face of all the bearish headlines coming out from the world ma


    kill that market

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  21. #21
    Lifer richw's Avatar
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    Re: Stock market will crash Tuesday

    Congrats

    Love when a plan comes together

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  22. #22
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    Re: Stock market will crash Tuesday

    Hey Mark,

    You good with 401k's? I haven't got the slightest clue on what I should be doing with it.

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  23. #23
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    Re: Stock market will crash Tuesday

    Quote Originally Posted by naked-daytrader View Post
    I made a killing this morning. I set all my buy orders down low at around 7.50am. Then Around 9.45am 4 of my buys got hit MTG and PMI, WM, and Ambac. I was sticking mostly with financials because they are the most oversold and I figured they’d bounce the hardest. A few of my tech buy orders got hit a few minutes after that OVTI and SMSI. Then I sold em all 10%-18% higher than where I bought them only 30-50 minutes. I'm done for the day and hold no positions long until this market figures out what the hell it wants to do. It was nice work in only an hours time. You gotta love when 90% of the world is leaning one way because the stock market almost 100% of the time does the exact opposite of what the herd does. I’m willing to bet we start to rally (more than we already have, hell we actually went up300 points from the open, that’s a rally in itself) around 2pm-3pm if we stay in this range (down 120-200) over the lunchtime hours. If the bears can’t sink this market by 3pm they’ll be covering their short positions inciting a rally at the close.

    My 2 cents anyway.

    Congrats to anyone who had the balls to buy at the open this morning in the face of all the bearish headlines coming out from the world ma
    Dude when you start talking about the stock market I no understand. Can you explain it in idiot terms so I can understand?

    Makes me feel like I am missing out on some cash flow.

    KB

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  24. #24
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    Re: Stock market will crash Tuesday

    Quote Originally Posted by rmbbikes View Post
    Dude when you start talking about the stock market I no understand. Can you explain it in idiot terms so I can understand?

    Makes me feel like I am missing out on some cash flow.

    KB
    Buy high and sell low......

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  25. #25
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    Re: Stock market will crash Tuesday

    Quote Originally Posted by BadBoyBilly View Post
    Hey Mark,

    You good with 401k's? I haven't got the slightest clue on what I should be doing with it.
    No good with 401k's. I manage my own retirement and I don't feel comfortable managing other peoples money or giving stock tips. I'm good at chart reading and semi market direction..



    **EDIT** I will say you should be buying all you can from now until mid year. I think the economy and financials will recover during the second half of 08. It'll be a decade or until the next market crisis before you see some of these stock prices again. Citigroup at $24 is just crazy. Intel under $20. Apple at $155....crazy Washington Mutual. Bank of America...I could go on and on...I won't bore you with my market obsession though.

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