2008 Stock Market Predictions - Technology Companies Will Prosper?

Discussion in 'Politics & Religion' started by websiteideas, Jan 16, 2008.

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  1. smatts9

    smatts9 Active Member

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    #181
    Freddie and Fannie's solvency may be tested! I've been waiting for some solvency issues for some time now. Oh and my usual banks suck rhetoric: Banks sucks, namely LEH and C, and it looks like BSC wants to jump on the bandwagon :)

    U.S. Stocks Retreat, Led by Financials; Bear Stearns Tumbles

    Today's downward slide spearheaded by banktards.
     
    smatts9, Mar 10, 2008 IP
  2. pingpong123

    pingpong123 Well-Known Member

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    #182
    Smatts i think its going lower even and i dont even think its reached the "sky is falling " point yet.
    Tiny now down below 6 bucks :))))
     
    pingpong123, Mar 10, 2008 IP
  3. smatts9

    smatts9 Active Member

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    #183
    Yeah we are definitely going lower. Best to be on the short side of things. The commodities still needs to be hit, they will fall before this is all over.

    Now that we have:
    Oil > $100
    Natural Gas > $10

    All we need is gold > $1000. Cool.
     
    smatts9, Mar 10, 2008 IP
  4. Shazz

    Shazz Prominent Member

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    #184
    Why won't they let SIRI and XM MERGE?!
    There are so many other radio companies!, ITs not a monopoloy!!!
     
    Shazz, Mar 10, 2008 IP
  5. smatts9

    smatts9 Active Member

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    #185
    You bought SIRI earlier when you were touting it huh?
     
    smatts9, Mar 10, 2008 IP
  6. bogart

    bogart Notable Member

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    #186
    Fannie Mae and Freddie Mac are in for trouble. They are feeding on their own capital. Stockholders equity is on a downward slide in both companies.
     
    bogart, Mar 10, 2008 IP
  7. Shazz

    Shazz Prominent Member

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    #187
    No I haven't bought them yet. But I recommend them to many people I know :mad:
     
    Shazz, Mar 10, 2008 IP
  8. wisdomtool

    wisdomtool Moderator Staff

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    #188
    They will have to be bailed out, but for those medium and smaller banks, they can expect to say good bye. I don't expect any bail outs for the smaller ones as their impact will not be that big.

    The stock market looks horrible, it has been Dow Dow and Dow. Google may breach $400 2mor if this continues.

     
    wisdomtool, Mar 10, 2008 IP
  9. smatts9

    smatts9 Active Member

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    #189
    Forget SIRI. You could've, and still can, make a killing shorting banks. :D
     
    smatts9, Mar 10, 2008 IP
  10. bogart

    bogart Notable Member

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    #190
    Credit card debt will also kill banks if the US goes into a recession.
     
    bogart, Mar 10, 2008 IP
  11. Shazz

    Shazz Prominent Member

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    #191
    Im not a rebel! :mad:

    One emergency rate cut by uncle ben turns that around again :eek:
     
    Shazz, Mar 10, 2008 IP
  12. smatts9

    smatts9 Active Member

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    #192
    Screw the beard I am covering most shorts soon and will probably put them right back on after next Tuesday. Any emergency cut will have such little effect on the overall % I've made so far shorting the banktards.
     
    smatts9, Mar 10, 2008 IP
  13. bogart

    bogart Notable Member

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    #193
    Once uncle ben gets down to 0% what's he going to do?
     
    bogart, Mar 10, 2008 IP
  14. smatts9

    smatts9 Active Member

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    #194
    He'll figure a way to get us into the negatives. ;)
     
    smatts9, Mar 10, 2008 IP
  15. Shazz

    Shazz Prominent Member

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    #195
    Yes thats it!!
     
    Shazz, Mar 10, 2008 IP
  16. bogart

    bogart Notable Member

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    #196
    Uncle Ben is one tricky Fed Chairman:eek:
     
    bogart, Mar 10, 2008 IP
  17. wisdomtool

    wisdomtool Moderator Staff

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    #197
    If it is negative, can I borrow $1 trillion from the Fed? :)
     
    wisdomtool, Mar 10, 2008 IP
  18. smatts9

    smatts9 Active Member

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    #198
    Definitely.

    Looks like the stock markets are going to be gay and bounce today. :rolleyes:
     
    smatts9, Mar 11, 2008 IP
  19. Shazz

    Shazz Prominent Member

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    #199
    Or maybe they can bounce for a few days?! :D
    Biotech has been the number one stock for these recessions
     
    Shazz, Mar 11, 2008 IP
  20. smatts9

    smatts9 Active Member

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    #200
    Who knows what will happen, I am in mostly cash so I am just going to watch this unfold before I make another move.

    P.S.: This rally and/or "bounce" sucks. Why? Because it has no balls, where is the volume to justify this move? That's right, it isn't there. I am calling "b.s." on this "rally".

    Closing notes: What a day. Everyone was loving this FED action to buy $200 Billion of AAA mortgage backed securities. I can see the market going up more. How much? I don't know, another 420 points? I will continue to sit and watch as this unfolds. We were oversold, this was bound to happen. I think we will rise for a few more days and then we will get bashed over the head with a large object, effectively undoing all of this rallying that has occurred.
     
    smatts9, Mar 11, 2008 IP
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