Comments on: Market Wrap Up – The System is Failing http://blog.rebeltraders.net/2008/10/07/market-wrap-up-the-system-is-failing/ Providing Stock Market Analysis and Economic Commentary without the Hype Tue, 27 Jul 2010 19:45:31 +0000 hourly 1 http://wordpress.org/?v=3.0 By: falken http://blog.rebeltraders.net/2008/10/07/market-wrap-up-the-system-is-failing/comment-page-1/#comment-6856 falken Fri, 10 Oct 2008 08:05:43 +0000 http://blog.rebeltraders.net/2008/10/07/market-wrap-up-the-system-is-failing/#comment-6856 Benny and Hanky are just puppets, Mr. Greenspan is the cause of this mess, he knew what he was doing, he even said his economic experiment could lead to the worse economic crash the world has ever seen. Benny and Hanky are just puppets, Mr. Greenspan is the cause of this mess, he knew what he was doing, he even said his economic experiment could lead to the worse economic crash the world has ever seen.

]]> By: Kit http://blog.rebeltraders.net/2008/10/07/market-wrap-up-the-system-is-failing/comment-page-1/#comment-6825 Kit Wed, 08 Oct 2008 12:50:33 +0000 http://blog.rebeltraders.net/2008/10/07/market-wrap-up-the-system-is-failing/#comment-6825 Would you please discuss AIG "s chart. Thank you Would you please discuss AIG “s chart. Thank you

]]> By: Ruffcut http://blog.rebeltraders.net/2008/10/07/market-wrap-up-the-system-is-failing/comment-page-1/#comment-6821 Ruffcut Wed, 08 Oct 2008 11:12:36 +0000 http://blog.rebeltraders.net/2008/10/07/market-wrap-up-the-system-is-failing/#comment-6821 If Benny and Mr. Hanky were bright guys, they would of taken more or some action 2 years ago. They are most likely the cause of this mess. Seriously, making a half billion dollars just playing with money, not producing anything, and only innovative with bogus credit products. Yea, they are brilliant, like charles ponzi and tony soprano. If Benny and Mr. Hanky were bright guys, they would of taken more or some action 2 years ago. They are most likely the cause of this mess. Seriously, making a half billion dollars just playing with money, not producing anything, and only innovative with bogus credit products.
Yea, they are brilliant, like charles ponzi and tony soprano.

]]> By: al 11 http://blog.rebeltraders.net/2008/10/07/market-wrap-up-the-system-is-failing/comment-page-1/#comment-6816 al 11 Wed, 08 Oct 2008 05:13:15 +0000 http://blog.rebeltraders.net/2008/10/07/market-wrap-up-the-system-is-failing/#comment-6816 Good post as always Chuck. The market reaction is showing us that this is really very deep crisis not only economical but also political and moral. The market -no longer free, assaulted for decades and even with recent intervention and manipulation still shows some life. For those who can undertstand the "market ineligence" writing on the wall, this is a proof of undeniable value of this tool for managing the economy. I hope it will survive... As far as Ben and Hank I kind of agree with Karl. Future will show but they may have choices more limited then we think... Good post as always Chuck. The market reaction is showing us that this is really very deep crisis not only economical but also political and moral. The market -no longer free, assaulted for decades and even with recent intervention and manipulation still shows some life. For those who can undertstand the “market ineligence” writing on the wall, this is a proof of undeniable value of this tool for managing the economy. I hope it will survive…
As far as Ben and Hank I kind of agree with Karl. Future will show but they may have choices more limited then we think…

]]> By: KARL http://blog.rebeltraders.net/2008/10/07/market-wrap-up-the-system-is-failing/comment-page-1/#comment-6815 KARL Wed, 08 Oct 2008 03:50:28 +0000 http://blog.rebeltraders.net/2008/10/07/market-wrap-up-the-system-is-failing/#comment-6815 Good advice. I started trading over 20 years ago in 1987 fresh out of college. I was short the market until midday on the expiration Friday before Black Monday, at which time I reversed and went long. Learned a lot about averaging in and out... I personally believe we are from 0 to 20% from a major trading bottom. But anything goes as volatiltiy increases. The VXO (same as VIX but for the S&P 100) peaked at 172 in 1987. I'm not at all predicting it, but it is possible to have a similar move here if the contagion spreads further. I do disagree with you regarding Bernanke and Paulson. They are bright guys and they are doing their best. I think they truly believe they are doing the "right thing." I think you are a bit hard on them! -Karl Good advice. I started trading over 20 years ago in 1987 fresh out of college. I was short the market until midday on the expiration Friday before Black Monday, at which time I reversed and went long. Learned a lot about averaging in and out… I personally believe we are from 0 to 20% from a major trading bottom. But anything goes as volatiltiy increases. The VXO (same as VIX but for the S&P 100) peaked at 172 in 1987. I’m not at all predicting it, but it is possible to have a similar move here if the contagion spreads further.

I do disagree with you regarding Bernanke and Paulson. They are bright guys and they are doing their best. I think they truly believe they are doing the “right thing.” I think you are a bit hard on them! -Karl

]]> By: rcg http://blog.rebeltraders.net/2008/10/07/market-wrap-up-the-system-is-failing/comment-page-1/#comment-6814 rcg Wed, 08 Oct 2008 03:37:41 +0000 http://blog.rebeltraders.net/2008/10/07/market-wrap-up-the-system-is-failing/#comment-6814 Couldn't agree with you more Chuck. Can't remember exactly where (maybe Roubini?), but a while back I came across the distinction between Risk and Uncertainty. The essence of normal markets is to assess risk and that's how they function. But Uncertainty destroys markets. I think that's what's happening now. Couldn’t agree with you more Chuck. Can’t remember exactly where (maybe Roubini?), but a while back I came across the distinction between Risk and Uncertainty. The essence of normal markets is to assess risk and that’s how they function. But Uncertainty destroys markets. I think that’s what’s happening now.

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