stock market was up today...

[HSVol]

I'm looking for a short-term lapse.

How much down and under what conditions? Pretty tough to see significant downside pressure given the climate in Europe and our budgetary situation.

 

[golfballs]

1800 damn
Posted via VolNation Mobile

 

[myrobbins7]

1800 damn
Posted via VolNation Mobile

 

[golfballs]

I don't know how that's sustainable. Like Silver in April

 

[DefenseisDesire]

you have bigger balls than i. before this drop i was telling myself i wouldnt' buy till the market was south of 10,000 and i'm sticking to that.

I totally agree Ive thought the market was overvalued for a while now
Posted via VolNation Mobile

 

[lawgator1]

Gold bubble itt.

 

[myrobbins7]

Here comes the fun..

 

[DefenseisDesire]

Gold bubble itt.

Man im just glad the markets are reacting so well to Obama. He's great
Posted via VolNation Mobile

 

[Daddy Gee]

pretty bad when 4% loss is a 'good' thing

 

[golfballs]

Stocks are cheap, but still historically overvalued compared to earnings.
Posted via VolNation Mobile

 

[golfballs]

Cme increased margin requirements for gold. This was one of the reasons silver fell in April. Hasn't done much to gold yet though
Posted via VolNation Mobile

 

[wildcat270]

The gold bubble will burst.

 

[myrobbins7]

Looks like another fun day in the markets. I think untill we get closer to fair value we just keep dropping.

 

[VolsNSkinsFan]

Insiders Buy Stocks at Highest Rate Since 2009 - Bloomberg

More executives at Standard & Poor’s 500 Index companies are buying their stock than any time since the depths of the credit crisis after valuations plunged 25 percent below their five-decade average.

Sixty-six insiders at 50 companies bought shares between Aug. 3 and Aug. 9, the most since the five days ended March 9, 2009, when the benchmark index for U.S. equities reached a 12- year low, according to data compiled by Bloomberg. Morgan Stanley (MS) Chief Executive Officer James Gorman and two other managers purchased 175,000 shares of the New York-based bank as the shares fell to the lowest level since March 2009, according to filings with the U.S. Securities and Exchange Commission.

 

[golfballs]

Isn't a lot of that just automated? They sell on the way up, and buy on the way down?

 

[VolsNSkinsFan]

Isn't a lot of that just automated? They sell on the way up, and buy on the way down?

most of the sells are automated, but not the buys. Also when an insider buys, they cant sell for 6 months

The data don’t include transactions related to options and so-called 10b5-1 programs, which allow executives to cash out a portion of their holdings when stocks reach predetermined prices.

 

[myrobbins7]

These swings are crazy these days.

 

[lawgator1]

Up 2 % in the first hour.

When I went to bed last night the futures were off 100 points +.

Lots of volatility.

Also, fyi, this morning on CNBC there was open speculation going on that there has been a lot of manipulation by some investment bankers spreading false rumors because they had shorted the markets. They wouldn't name names, but were saying there are lots of rumors that this had gone on this week with some huge money investors who were sending out emails trying to cause panicked selling, particularly of financial stocks, all to get paid off on derivatives.

Any of you in the industry hearing about this?

 

[droski]

seems questionable at best to me.

 

[myrobbins7]

That's interesting.

 

[golfballs]

also on CNBC this morning, Joe Kernen expressed fear of the Mayan apocalypse in 2012

 

[VOLatile]

also on CNBC this morning, Joe Kernen expressed fear of the Mayan apocalypse in 2012

:birgits_giggle:

 

[lawgator1]

News Headlines

 

[droski]

sometimes i think people watch too many movies.

 

[MontereyVol]

sometimes i think people watch too many movies.

Clearly you don't watch enough.