Altair: Where Does It End? (4 Viewers)

[Bjerknes]

So which bank is the next to fail? Bloomberg thinks AIG will survive, but it doesn't look good. Is WAMU the next one to go down? I'm so glad I'm not in any real stocks at this point - might as well just wait until we are in better times, which hopefully will arrive soon.

PS - Welcome back guys.

 

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[Bjerknes]

My buddy went long in 500 barrels of oil last Tuesday when I told him not to go long, but go short. He didn't listen when I showed him the technical indicators and now he's going to get a D for that assignment.

Bought at 105, current price 95. Ouch.

 

[JCK]

This shit is scary, Andy. It might very soon affect us here.

 

[.zero]

My buddy went long in 500 barrels of oil last Tuesday when I told him not to go long, but go short. He didn't listen when I showed him the technical indicators and now he's going to get a D for that assignment.

Bought at 105, current price 95. Ouch.

the hurricane in houston isn't gonna help that scenario much either

 

[Bjerknes]

This shit is scary, Andy. It might very soon affect us here.

Indeed. We might have a worldwide recession on our hands.

 

[Dinsdale]

2 things I'd like to point out:

-This is dangerous

-It would never happen in Belgium

 

[Bjerknes]

the hurricane in houston isn't gonna help that scenario much either

Well, my buddy bought the oil contracts because he thought Ike would push the price up. But the price didn't go up as the technicals didn't look good and we have this Lehman bankruptcy on our hands. I think oil will go down to about 90 and stabilize there.

Fed will cut once again in the near future, probably sending the dollar down again.

I remember Altair said gold was still in play a month or so ago, but I think he was a little too early. Although the indicators still say it's bearish.

 

[Bjerknes]

2 things I'd like to point out:

-This is dangerous

-It would never happen in Belgium

Oh yeah, I forgot about that.

 

[GordoDeCentral]

2 things I'd like to point out:

-This is dangerous

-It would never happen in Belgium

coz my boss is richer than belgium?

 

[Bjerknes]

Your boss is a homo.

 

[Enron]

Just got a 45 minute lecture on steel futures from Tuncer. I can't recall how he got off on that particular tangent, but the blank stares of my classmates were priceless.

 

[Bjerknes]

Just got a 45 minute lecture on steel futures from Tuncer. I can't recall how he got off on that particular tangent, but the blank stares of my classmates were priceless.

People aren't familiar with future contracts in that class?

 

[Enron]

People aren't familiar with future contracts in that class?

It's a Micro class, with a single business major. So I'm guessing no. I think myself and maybe a couple of my ENVS buddies were keeping up.

 

[Luca]

here in england they are saying that the pound will drop to the same value as the euro and our government is going to say that we might aswell switch to the euro

 

[Bjerknes]

It's a Micro class, with a single business major. So I'm guessing no. I think myself and maybe a couple of my ENVS buddies were keeping up.

Yeah that's right, they don't teach that shit in Econ.

 

[GordoDeCentral]

yes yes almost come on!!!!

 

[Bjerknes]

here in england they are saying that the pound will drop to the same value as the euro and our government is going to say that we might aswell switch to the euro

Thank God.

 

[GordoDeCentral]

Touchdown!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

[GordoDeCentral]

woohoo

 

[Bjerknes]

yes yes almost come on!!!!

Looking at that 1200 level?

Oh boy it's there Altair, it's there!

The SDS is the best thing ever made.