Down goes the Dow

seattle prattle wrote:

I wasn't worrying about the G20 etc. until you and Racket mentioned it, but maybe i should be....

Volume the past two days has been pretty low. We'll see what happens today but I think it's clear the market is determined to hang its hat on the outcome of a brown paper bag lunch in Argentina that has never been particularly significant or seen any worthy policy change since it's inception.

Ghost of Igloi wrote:

purple martin wrote:

What's hilarious is being in panic mode since 2011 waiting for big downturn to happen in 2020 or for that matter maybe not until 2028.

Nice if any of that was true.

You're the one who said stock investments since 2011 will not fare well.

Racket wrote:

seattle prattle wrote:

I wasn't worrying about the G20 etc. until you and Racket mentioned it, but maybe i should be....

Volume the past two days has been pretty low. We'll see what happens today but I think it's clear the market is determined to hang its hat on the outcome of a brown paper bag lunch in Argentina that has never been particularly significant or seen any worthy policy change since it's inception.

Technical question : can I place a bid near 0 and the ask at say 9999999999?

good call in Oct.

I have a client with some GE bonds (I didn't buy them for her - she asked me not to sell them) - getting beaten up. Due in 2022 so I think they're money good, but ouch. To lose that kind of money in 'investment' quality bonds hurts. Even if temporary.

purple martin wrote:

Ghost of Igloi wrote:

Nice if any of that was true.

You're the one who said stock investments since 2011 will not fare well.

You need to get your head out of a cloud since this thread did not even start until 2013, and I first posted here 3/4/2015.

Racket wrote:

Racket wrote:

Volume the past two days has been pretty low. We'll see what happens today but I think it's clear the market is determined to hang its hat on the outcome of a brown paper bag lunch in Argentina that has never been particularly significant or seen any worthy policy change since it's inception.

Technical question : can I place a bid near 0 and the ask at say 9999999999?

Yes, but if you are so far away from the market it will never execute as an actual fillled trade.

Ghost of Igloi wrote:

Racket wrote:

Technical question : can I place a bid near 0 and the ask at say 9999999999?

Yes, but if you are so far away from the market it will never execute as an actual fillled trade.

Yeah but it would show up on the market as a bid ask of 0 to 9999999 if someone was watching that stock ticker and that would amuse me.

agip wrote:

Racket wrote:

My trading account since September is actually looking pretty good. Granted, I'd say about 50% of my moves ended up being wrong, but I've got a real, consistent winner that's keeping me in the green : GE. That pos has declined for like 22 of the last 25 trading sessions and I've been shorting it since October before they announced the awful quarterly results and dividend reduction. I think they will have to do a secondary offering or their bonds will get junk status. Either way, I see the stock going to $5, maybe further.

good call in Oct.

I have a client with some GE bonds (I didn't buy them for her - she asked me not to sell them) - getting beaten up. Due in 2022 so I think they're money good, but ouch. To lose that kind of money in 'investment' quality bonds hurts. Even if temporary.

Jeez talk about bag holding. Why is she so married to those bonds? Maybe she's of the "it's not a loss until you sell" sort of mind frame.

Racket wrote:

Ghost of Igloi wrote:

Yes, but if you are so far away from the market it will never execute as an actual fillled trade.

Yeah but it would show up on the market as a bid ask of 0 to 9999999 if someone was watching that stock ticker and that would amuse me.

You will see some goofy Good ‘Til Cancelled (GTC) spreads when the trading day is done. During the Flash Crash you had some of the GTC orders hit but the trades were reversed as errors because the were actually away from market.

Ghost of Igloi wrote:

purple martin wrote:

You're the one who said stock investments since 2011 will not fare well.

You need to get your head out of a cloud since this thread did not even start until 2013, and I first posted here 3/4/2015.

You need to get your head out of your ass. I didn't say you posted that comment in 2011, you posted it just a few months ago.

No, that is not what I said, but that is your game ass hole.

Gruntz wrote:

Ghost of Igloi wrote:

Sure, agip may get his 2,000 point rally, but I am more concerned with what fallows.

You’ve always been a one trick pony.

such an uncultivated remark

agip wrote:

Gruntz wrote:

You’ve always been a one trick pony.

such an uncultivated remark

And Gruntz is a three trick phony.

As is the one immediately preceding yours.

Racket wrote:

agip wrote:

good call in Oct.

I have a client with some GE bonds (I didn't buy them for her - she asked me not to sell them) - getting beaten up. Due in 2022 so I think they're money good, but ouch. To lose that kind of money in 'investment' quality bonds hurts. Even if temporary.

Jeez talk about bag holding. Why is she so married to those bonds? Maybe she's of the "it's not a loss until you sell" sort of mind frame.

Isn’t it true that if bonds are held to maturity, you recoup your full principal in addition to the interest payments?

Wow so now rate hikes are pretty much neutral huh?

Ghost of Igloi wrote:

agip wrote:

such an uncultivated remark

And Gruntz is a three trick phony.

I was trying to let a little humor into your feud - see bold. But carry on.

idiot investor wrote:

Racket wrote:

Jeez talk about bag holding. Why is she so married to those bonds? Maybe she's of the "it's not a loss until you sell" sort of mind frame.

Isn’t it true that if bonds are held to maturity, you recoup your full principal in addition to the interest payments?

yes, that's what we're hoping for now - that GE keeps in business and pays the interest until 2022, when she will get her money back. But in the meantime the bond's value has fallen as many doubt GE's future ability to pay back loans. And it will probably be classified as a junk bond, so many funds will have to dump it, per their investing rules.

agip wrote:

Ghost of Igloi wrote:

And Gruntz is a three trick phony.

I was trying to let a little humor into your feud - see bold. But carry on.

I get it, no problem. I have no feud. Just responding to the same childish games.