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post #21 of 28 (permalink) Old 09-30-2008, 12:12 PM Thread Starter
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Originally Posted by mcbear View Post
Actually Europe was the day prior.

And this might be called a Dead Cat bounce. Hopefully it will be called "crawling out of the bottom.
People who understand what is going on really have to cheer all of the consolidation. It makes for bigger and much stronger institutions in the future, which can only be good for all of us.

But, of course, the alarmists will keep stirring the pot in order to keep everyones blood pressure high and optimism low...

Don't believe everything you think
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post #22 of 28 (permalink) Old 09-30-2008, 12:23 PM
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...
And this might be called a Dead Cat bounce. Hopefully it will be called "crawling out of the bottom.
Technically, it looks more like the latter.

Hey hey hey
JNJ 69.07 +2.17 (3.24%)
JPM 46.72 +5.72 (13.95%)
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post #23 of 28 (permalink) Old 09-30-2008, 01:29 PM
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People who understand what is going on really have to cheer all of the consolidation. It makes for bigger and much stronger institutions in the future, which can only be good for all of us.
All the consolidation of the financial industry? So when one does fail , instead of taking out 4% of the market it takes out 15% of the market.

I can see where that works out well. It was done well that past couple of months with WaMu and Wachovia who was the king of consolidators.

There are very good reasons that there WERE rules against giant mergers like we have seen since 1999. "Bigger and stronger institutions" is not one of them

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post #24 of 28 (permalink) Old 09-30-2008, 01:33 PM
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Technically, it looks more like the latter.

Hey hey hey
JNJ 69.07 +2.17 (3.24%)
JPM 46.72 +5.72 (13.95%)
As I have always said, you can't judge the ECONOMY by the market the day after a drop.

I bought some JPM last night at the close. I had a sell order in for Noon today. I STILL have not received the amount, just the confirm. It should be about a 10% pop for the day which is nice.

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post #25 of 28 (permalink) Old 09-30-2008, 01:50 PM
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Originally Posted by mcbear View Post
As I have always said, you can't judge the ECONOMY by the market the day after a drop.

I bought some JPM last night at the close. I had a sell order in for Noon today. I STILL have not received the amount, just the confirm. It should be about a 10% pop for the day which is nice.
Hey, do I get a cut ?
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post #26 of 28 (permalink) Old 09-30-2008, 02:00 PM Thread Starter
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Originally Posted by mcbear View Post
All the consolidation of the financial industry? So when one does fail , instead of taking out 4% of the market it takes out 15% of the market.

I can see where that works out well. It was done well that past couple of months with WaMu and Wachovia who was the king of consolidators.

There are very good reasons that there WERE rules against giant mergers like we have seen since 1999. "Bigger and stronger institutions" is not one of them
But, of course, the alarmists will keep stirring the pot in order to keep everyones blood pressure high and optimism low...

Don't believe everything you think
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post #27 of 28 (permalink) Old 09-30-2008, 02:11 PM Thread Starter
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Closing Bell

UP 485 today.

Don't believe everything you think
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post #28 of 28 (permalink) Old 09-30-2008, 02:15 PM
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Yes, like I said, yesterday was a great shopping day. I watched everything I bought yesterday go up and up and up... I just sold them all before 4PM
It's a great day to work on the cars, shoot the breeze here on BWOT and watch the hoopla making me rich. I feel a negative swing tomorrow ==> buy stuff in the afternoon while people are bailing out: so predictable!
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