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      02-08-2009, 08:54 PM   #111
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"President Barack Obama plunges into a difficult test of his leadership this week, struggling to get a divided Congress to agree on his economic recovery package while pitching a new plan to ease loans to consumers and businesses."
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      02-08-2009, 09:02 PM   #112
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Quote:
Originally Posted by Los Angeles View Post
I'm gonna laugh my ass off if the Dow drops -250+ tomorrow.
-250 is a norm nowaday

if this guy is accurate we are talking near -500
it looks like many events could cause such an effect this week

Geither is giving a speech asking for the following on Tuesday:
* 770 billion TARP
* 900 billion Stimulus Package
* 1.3 trillion Bank Bailout

Fall of Lehman Brothers

GE looks like it's losing it's AAA rating and might get downgraded by J.P Morgan

BOA and Citigroup will fail.

Who knows so many things going bad these days, if I was still in the market I would definitely be shorting.
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      02-08-2009, 09:05 PM   #113
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Im going to short, Citi, BOA, UBS, MBIA, AMBAC...
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      02-08-2009, 09:45 PM   #114
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I might ride on BOA once it goes back down.

GE has been sitting low for awhile now.
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      02-09-2009, 11:06 AM   #115
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Obama is making a huge mistake trying to pass this stimulus bill as fast as he wants to.
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      02-09-2009, 11:19 AM   #116
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Quote:
Originally Posted by Couch View Post
Obama is making a huge mistake trying to pass this stimulus bill as fast as he wants to.
Could say the same thing last fall about TARP
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      02-09-2009, 12:41 PM   #117
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The Dow is currently at -29.31 -0.35%

(10:40am PST)
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      02-09-2009, 03:10 PM   #118
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*waiting for the end of the world*


nope.
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      02-10-2009, 12:11 PM   #119
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As of 10:09am PST the Dow is 7,967.09 -303.78 -3.67%
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      02-10-2009, 12:24 PM   #120
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And the Dow is still plunging...

Was Reinhardt onto something?
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      02-10-2009, 12:30 PM   #121
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down 350
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      02-10-2009, 01:17 PM   #122
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I was off a day on my prediction. I thought it would drop yesterday.
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      02-10-2009, 01:37 PM   #123
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Still falling. Maybe this guy's advice is worth some consideration.
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      02-10-2009, 01:38 PM   #124
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Quote:
Originally Posted by krote345 View Post
Still falling. Maybe this guy's advice is worth some consideration.
See!!

And every1 was so quick to write him off.

"thread closed" ha!
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      02-10-2009, 01:50 PM   #125
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Quote:
Originally Posted by ferrari355fi View Post
*waiting for the end of the world*


nope.
Quote:
Originally Posted by limited_slip View Post
close thread. waste of bandwidth
Ha, the price is wrong, bitch!
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      02-10-2009, 02:14 PM   #126
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I guess it wasn't perfect prediction but if Geithner had made his announcement yesterday I bet there would be a little more credibility. Anyways, going back to his prediction he said 2/9 and 2/15 so lets see what happens from now till then. Some on other sites are saying Dow under 7000. If you guys want to know about reinhardt just google search him, he's quite popular. I don't believe in hocuspocus but i do believe he has inside information. Either way I just find the topic more refreshing than threads such as 'what porno site is best?' or 'how to get a girlfriend?" So if you don't enjoy the topic you can just skip the thread please.
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      02-10-2009, 02:47 PM   #127
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I'll Google him up later tonight.

So he's saying the market will drop on the 15th as well? I'll hold off on buying anything until then.
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      02-10-2009, 03:09 PM   #128
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I couldn't find a good read about him. Do you have any direct links?
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      02-10-2009, 03:17 PM   #129
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you can start here but you have to make an account.
www.wiredpirate.com
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      02-10-2009, 03:24 PM   #130
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Will do. Pretty interesting stuff.
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      02-10-2009, 05:05 PM   #131
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Maybe this time it will stay below 8k.
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      02-10-2009, 05:13 PM   #132
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Quote:
Originally Posted by krote345 View Post
Ha, the price is wrong, bitch!
what do you mean? He was wrong. 22 is over in blackjack. I can't tell the dealer that it is close enough to 21, so I win.
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