Is the stock market going to tank?

**LeeLau** · 06-21-2012, 05:18 PM

Will it trigger covenants or maybe materiality clauses? Doubt it. Every drafter who doesn't have their hands in their pants assumes that most banks need lots of rooms on their own covenants

**Brock Landers** · 06-22-2012, 07:10 AM

I doubt any covenants would be hit, maybe the debt gets a bit more expensive but anyone lending large amounts of money knows the situation these banks are in already, they dont need Moodys to tell them.

A topic we are now wrestling with is counterparty ratings language in SAI's and other compliance policies- many have limits of A-, back when banks had to really suck to get below AA.

**BigDaddy** · 06-22-2012, 07:24 AM

Needless to say, Europe's outcome rides on the results of THIS today...

**LeeLau** · 06-22-2012, 10:12 AM

Yup pretty much non-event. Good news - everyone knows the polite fiction that banks are healthy is so much fiction. Bad news - banks really aren't all that healthy

Hugh Conway · 07-09-2012, 12:10 AM

Originally Posted by huckbucket

Stick with tea leaves. Much more reliable.

now huckbucket is sucking it:
http://live.wsj.com/video/why-the-we...j_hpp_tboright

bullshit story, bullshit theory, still funny

**Benny Profane** · 07-13-2012, 10:47 AM

http://seekingalpha.com/article/6904...oros-ever-gave

**Shredhead** · 07-13-2012, 02:22 PM

Originally Posted by Hugh Conway

now huckbucket is sucking it:
http://live.wsj.com/video/why-the-we...j_hpp_tboright

bullshit story, bullshit theory, still funny

Yeah, I don't believe it either. I've been at the last 3-4 Barrett Jackson auctions in Vegas and I don't see a lot of money being made? Plus I'm not really a car guy, my neighbor's a whale and he is, so he drags me along?

So where do you stash the cash?

**skiballs** · 11-07-2012, 10:09 AM

Well the election is over , were does the market go from here ?
I think the dow will get to 10.5k in the next three weeks .

**powder11** · 11-07-2012, 10:26 AM

we'll all be walking around wearing barrels with suspenders begging for apples in one month

**4matic** · 11-07-2012, 10:29 AM

Originally Posted by skiballs

Well the election is over , were does the market go from here ?
I think the dow will get to 10.5k in the next three weeks .

Wishful thinking from conservatives. I'm buying stock today.

**skiballs** · 11-07-2012, 10:31 AM

Painting closets with oil based ?

**Toadman** · 11-07-2012, 10:31 AM

Originally Posted by powder11

we'll all be walking around wearing barrels with suspenders begging for apples in one month

It was a bad apple crop this year, so apples are actually worth something. You're better off begging for a slice of stale bread. Good luck.

**skiballs** · 11-07-2012, 10:36 AM

Originally Posted by 4matic

Wishful thinking from conservatives. I'm buying stock today.

You can trade with emotion , if you want .
Do yourself a favor and buy some vix for insurance .

**4matic** · 11-07-2012, 10:42 AM

Originally Posted by skiballs

Do yourself a favor and buy some vix for insurance .

Vix is a suckers trade. Sellers make money.

**Brock Landers** · 11-07-2012, 10:44 AM

Originally Posted by 4matic

I'm buying stock today.

Why? Curious on your thoughts

**OldLarry** · 11-07-2012, 10:46 AM

Originally Posted by 4matic

Wishful thinking from conservatives. I'm buying stock today.

Despite appearances, I don't think anyone actually wants the mkt to go in the shitter just so they can say "I told you so"...

Some fucking volume would be nice though-

**4matic** · 11-07-2012, 10:49 AM

Originally Posted by Brock Landers

Why? Curious on your thoughts

I sold 20% of my stock around 1440 and want to redeploy in down markets to capture year end capital gains. I see this as a rotational event technically. Fundamentally I'm bullish either way with regard to the fiscal cliff: 1. if we go over it it's long term bullish because it's fiscally conservative and 2. If we don't go over it it's kick the can.

With 2% growth and dividends higher than the 10 year rate stocks are a reasonable risk.

**4matic** · 11-07-2012, 10:51 AM

Originally Posted by OldLarry

Despite appearances, I don't think anyone actually wants the mkt to go in the shitter just so they can say "I told you so"...
-

Not folks in the business but hardocore baggers? They absolutely want the market and economy to fail.

**skiballs** · 11-07-2012, 11:01 AM

Originally Posted by 4matic

Not folks in the business but hardocore baggers? They absolutely want the market and economy to fail.

Why would you even give any weight to a fringe group , that has little or no effect on the market ?
The only reason I'm taking a short position is uncertainty .
There are a lot of issues that need to be addressed .

**JimmyCarter** · 11-07-2012, 11:11 AM

Any thought on BTFD on coal today?

**iceman** · 11-07-2012, 11:13 AM

My take (in general, not addressed at the post right above this one) is that the market knew Obama was going to win quite a while ago and prices reflect that except that chicken little types (individuals mostly, not big players) selling on fear are pushing the market down temporarily. So, a dip=good chance to buy.

**4matic** · 11-07-2012, 11:36 AM

Originally Posted by skiballs

Why would you even give any weight to a fringe group , that has little or no effect on the market ?
.

The question was is there anyone that really wants the market to tank and I replied there was and it's the baggers. My opinion on equities overall was addressed in the previous post.

**Benny Profane** · 11-07-2012, 11:36 AM

Nope, have to disagree, Ice, mainly because individuals just don't hold enough stock to affect the market like this even if they all moved at the same time, which ain't gonna happen, anyway. This is just a bunch of pissed off rich institutional managers trying to make some stupid point. They'll be back.