Tomorrow the market is going to crash

Apple...releases earnings tomorrow as well....

...asisa just opened. down

yet futures in states show it will open higher -at least at this moment. watching the screens now.

it should be a fun day tomorrow.

http://www.westja.com/archives/monkey%20with%20hat.jpg

Dow futures off around 500 now....

When everyone thinks that the market will tank, it almost never materializes to that extent. Market will open down tomorrow and will almost certainly reach a point where it is down perhaps 200+ points but it will likely close marginally down or perhaps marginally up. I think the rest of the week will serve as a better indicator.

Calm down guys.

We are ALREADY down 500 points, im not sure what fair value is, we are on pace for the worst open since i can remember. 

"When everyone thinks that the market will tank, it almost never materializes to that extent."

Killjoy Are you a trader at a bank/HF? Are you in equities?   I really dont want to get into this debate with and Ivy league econ major....

Tomorrow could be the first real test of a traders stomach.   Sure those ivy leagues and targets may get you a job at a bb in S&T but can it teach you how to stomach losses that inevitably every trader will go through at some point.  Attention Ivy leaguers, just because you went to H/W/P/Y does not mean you have the stomach to be a trader.  Lets hope those models teach your brain how to handle the incoming stress attack.

Trade4size,

You sound like a complete moron who still feels inadequate about not getting into an Ivy. Let it go. I went to a non-target myself and you just sound like a little bitch. Unless you are raised on the streets of brooklyn the target/non-target school you went to does not give you any kind of stomach for trading. Despite not being a trader, I can tell you have never traded a day in your life.

^^^very true...

"Sure those ivy leagues and targets may get you a job at a bb in S&T but can it teach you how to stomach losses that inevitably every trader will go through at some point.  Attention Ivy leaguers, just because you went to H/W/P/Y does not mean you have the stomach to be a trader.  Lets hope those models teach your brain how to handle the incoming stress attack."

you sound like a complete moron, trade4size.

Ya your right im bitter... but i still stand firm on my belief that intangibles are what make a trader NOT the school or GPA.  And for the record I trade futures on my personal account.  You guys obviously missed the point i was trying to make.

"Unless you are raised on the streets of brooklyn the target/non-target school you went to does not give you any kind of stomach for trading."

That is exactly my point, neither targets nor non target has anything to do with the stomach needed for trading which is my point.  I apologize for those ivy leaguers that I may have offended with that statement in particular is the ones that feel they are entitled to things and got jobs at BBs because it was the IN thing to do.  I probably stereotype IVYs too much  instead of qualifying.

OMG, i am about to cry lol, im going to lose sooooo much money tomorrow....all the people in other finance forums (ex. yahoofinance, google finance forums) are screaming bloody murder and are all prepared to sell when the market opens tomorrow....the market is going to blow through all of my stops....any one else nervous??

Benarnke BETTER step in tomorrow or im headed to the welfare line lol!

im still happy i purchased a put of apple at 200 and put 1/3 of my money in it :)

I will say this again, i believe its the intangibles that ultimately make a trader.  I have read a lot that basically says that banks like to hire people that are too dumb to be scared.  Its similar to sending kids off to war in a way.  The people that were traders on the front lines in the last bear markets are startin to become VP's and MDs now and are starting to play more of a management role in keeping their star talent in line.

I will keep my eyes on the papers to see what traders and what shops have the blow ups in the coming market.

RUN FOR YOUR LIVES lol....I am watching bloomberg and the india market shut down because the
market open 12% down and will reopen in an hour. If it falls again to  15% the shut down for the day!!!

......and the dow futures go beyond 500 again. I really hope my dad's stocks don't hurt too much (all in technology lol).

I'm glad I shorted everything :P

I will win that equitrader competition for sure now! :)

lucky for me I have a lot of feb and march straddles on financial firms

holy shit

Futures are flirting with their lows again.... we could plunge again....

Futures in Europe are down 5%+   DAX, CAC and FTSE

since the us stock market is probably going to tumble tomorrow, is it a good time to invest in blue chip companies? or is it too early because the markets havent bottomed out yet?

Anyone going shopping tomorrow...youll get better sales (on stocks) than black friday lol....

I just tried calling a good family friend (MD) and his firm is have a liek emergency conference call...he ussually goes to bed early but almost shyt his pants when he heard the news....

Wait it out absolutely.

Trying to call the bottom is impossible....good luck as an amateur.

Things may look cheap until they drop another 15% with no end in sight.

<-- Upset trying to call financial bottom, lost 15%

Tomorrow is the type of day when reputations are made ....

Odds this will be like 1987? Is this going to be a big one?

wow...nikkei down 5.35%, hang seng down 7.44%, bse sensex crashed down more down 2000 points, futures for dj is down 539...this is complete mayhem

who gives a shit about the DOW, S&P futures down 5.11%.

the market is probably going to drop a lot but pre-market futures usually exaggerate daily closes on big-move days, but then again 1987...

------

"its the running joke now, we now have fair trade with china so they send us poisoned sea food and we send them fraudulent securities."

im buying up SAA tomorrow.

i wish chat was working right now...

------

"its the running joke now, we now have fair trade with china so they send us poisoned sea food and we send them fraudulent securities."

There goes my pension. My job's probably going soon too.

FTSE100 is actually up right now, Europe is recovering off its lows, this is good maybe asia overdid it.

this is not going to be 87, and if you're young, you should welcome this kind of market moves. your pensions are not going to be wiped out, stop talking rubbish.

Jimbo's my hero :)

Fed emergency rate cut FF now at 3.50 discount at 4%

calll off all of your pre-market shortssss fed just cut rates by .75 percentage pts!!!

"

Can you explain further? I'm assuming you're referring to the volatility and welcoming the large upside potential in the future?"

I assume you like buying groceries when they're on sale? stocks are no different.

hell if this sht keeps up, bonuses may wind up being effectively flat this year...down 10% yoy, when the market is down 15% yoy and you've done all right. but your pre existing portfolio, eh not so much

but this type of fallout were seeing right now is a recurring theme amongst our capital markets and seems temperable at best. Only if youre sitting in these seats for decades do you have the opp to apply knowledge gained from these types of markets. And unfortunately, most participants have a much shorter time horizon - voluntary or involuntary. Even w/ that knowledge, its rare that a firm escapes the herd mentality that barrels us into these types of fiascos, what chance does the system have? You think the next generation of market leaders are watching CNBC right now, are studying to be avid masters of financial history? No, their Wall Street will learn the hardway too.

And let me add some doom to that gloom. This subprime you keep hearing about is only a symptom. This is a credit crisis that is volumes deep, a classic example of too many dollars (Thanks Alie G) chasing too few goods (outsized returns). And then lo and behold, the ignorance of the crowd created an environment where risk was severely under priced and due diligence severely under utilized...straight across the financial arena.

Heres the bottom line - the consumer drvies 2/3rds of this economy. Over the last few years they have derived a significant portion of their wealth from the surge in HPA and leveraged against it. Now those gains are evaporating and will continue to do so. This is not to be taken lightly, over 60% of Americans own homes. Housing led us up here. It will take us down there. And the global economy to the rescue? Please. Thats right, world IS global. We cant just use that phrase when it suits us. It means the pain well feel here in America is borderless, countryless. It will have repercussions abroad. Where do you think America got the money to continue to finance this charade after the jump start from the Fed? Foreignors.

There is nothing the Fed or the goverment can do that will provide immediate relief here. Fiscal and monetary stimulus take 6-18months to have impact. Neither can truly influence the capital constriction in the system caused by extremely risk averse parties. And as to expectations and confidence, one has only to look to the market to see the lead weights they are burdened with. THE PARTY IS OVER FOLKS, WEVE HAD OUR FUN, NOW ITS TIME TO DEAL W/ THE HANGOVER.

So unless youre an experienced short player. I would stay away from equities right now. Ever heard the phrase "trying to catch a falling knife"? This isnt anywhere near over yet.

Very assertive mode by the fed today.  I do believe this was necessary to calm the overall panic and hysteria.  Atleast now the bear market can be orderly.

im just happy i put 1/3 of my money into Apple 6 month Puts when it was at around 200... 300% one month return aint bad.

"

Very assertive mode by the fed today.  I do believe this was necessary to calm the overall panic and hysteria.  Atleast now the bear market can be orderly."

and when we get 50 more in a few days?

you guys think the markets are going to tank again tomorrow? the apple 2nd quarter forecast doesnt look too bright...

Apple won't drive stocks tommorow. It beat estimates by almost 60%. Yes, it's estimated EPS is much lower than forecasts, but its revenue projections are just slightly estimates (3.8 v. 3.9). Therefore, there is still high demand for the company's products--only internally are costs rising. This coupled with TI's good earnings/forecast looks to be better news than most investors are seeing.