Thoughts?

[d1baller]

The market gets slammed again today.... and no one has any thoughts?

[rjb1816]

it did rally off of its lows but its gonna be highly volatile. earnings season should be interesting

[legion3pm]

only thought i had all day was WTF. down -800 at one point then a huge rally back. best thing i did all day was stay out of the markets way. im not making any money by just watching but im not losing my ass either. this market is crazy right now and unless you're a seasoned vet id pick a spot on the bench and pick the splinters out for awhile.

im interested in seeing what will happen when they lift the short ban which is spose to be thursday but who knows.

[Jimmy K]

this may have been the bottom, the market rebounded big time off the lows and expect a rate cut of up to a point this week, combine that with the added liquidity, it may be time to start throwing long term money in. also, cramer said the market is gonna lose another 20%, so you can usually fade him.

[Goods]

Legion, the short ban was extended until Oct 17 and open to extension longer.

I think the rally came as there was more talk of a rate cut very soon. If that happens, could get a small bull run.

The biggest problem right now is that there's very little liquidity. Anyone who has money doesn't want to lend it to a company who might be bankrupt or gone tomorrow. Tight credit means companies can't borrow cash they need to do business. People are pulling out of the market to horde cash. The rest of the world is following suit.

Good news is, Cramer's telling people gtfo of the market for 5 years. That could be a bottom signal right there!

[rjb1816]

Originally Posted by Goods

Legion, the short ban was extended until Oct 17 and open to extension longer.

I think the rally came as there was more talk of a rate cut very soon. If that happens, could get a small bull run.

The biggest problem right now is that there's very little liquidity. Anyone who has money doesn't want to lend it to a company who might be bankrupt or gone tomorrow. Tight credit means companies can't borrow cash they need to do business. People are pulling out of the market to horde cash. The rest of the world is following suit.

Good news is, Cramer's telling people gtfo of the market for 5 years. That could be a bottom signal right there!

it was extended to oct 17th or 3 days after the bailout was signed...whichever was first...so it is up in a couple days

[Goods]

rjb -- you're right my man. I didn't catch the "earlier of 3 day" wording on the SEC website. Thanks.