# Morning Money Crew - Market closing up or down today?

**URL:** <https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705>\
**Category:** NYSpeed Off Topic\
**Created:** [September 30, 2008, 6:15am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705 "2008-09-30T06:15:31Z")\
**Posts on this page:** 20\
**Page:** 13

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**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\
**Post date:** [October 15, 2008, 12:15pm UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/241 "2008-10-15T12:15:03Z")

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> [@Quattro Krant](#):
>
> Hurt me like the girl that rode me like a donkey and never called me again

Its very funny you say this because tht other day I was talking to Joe and was comparing one stock I always buy and lose on to a super hot chick that gives you the clap. You can somehow look at it and justify that this time you are not going to get burned. But the jokes on you lol.

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**Author:** ![Quattro\_Krant](https://avatars.discourse-cdn.com/v4/letter/q/ac91a4/32.png) [@Quattro\_Krant](https://forums.speedlife.net/u/Quattro_Krant)\
**Post date:** [October 15, 2008, 12:30pm UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/242 "2008-10-15T12:30:11Z")

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> [@cougarspeed](#):
>
> Its very funny you say this because tht other day I was talking to Joe and was comparing one stock I always buy and lose on to a super hot chick that gives you the clap. You can somehow look at it and justify that this time you are not going to get burned. But the jokes on you lol.

Nice analogy

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**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\
**Post date:** [October 15, 2008, 12:36pm UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/243 "2008-10-15T12:36:44Z")

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-522. sweet. :mad:

would be nice to have a day when nothing in my portfolio says -xx.xx%…

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**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\
**Post date:** [October 15, 2008, 12:38pm UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/244 "2008-10-15T12:38:04Z")

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> [@Joe](#):
>
> -522. sweet. :mad:
> 
> would be nice to have a day when nothing in my portfolio says -xx.xx%…

I was sooo close to going huge on the shorts yesterday too. BLAST!

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**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\
**Post date:** [October 15, 2008, 12:52pm UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/245 "2008-10-15T12:52:37Z")

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last minute sell off could push around -777 again…

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**Author:** ![BluBalls](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bluballs/32/7212_2.png) [@BluBalls](https://forums.speedlife.net/u/BluBalls)\
**Post date:** [October 15, 2008, 12:56pm UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/246 "2008-10-15T12:56:44Z")

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![http://thecoffeeboys.files.wordpress.com/2007/05/fat-belly-flop.jpg](http://thecoffeeboys.files.wordpress.com/2007/05/fat-belly-flop.jpg)

again… -706 now.

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**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\
**Post date:** [October 15, 2008, 1:00pm UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/247 "2008-10-15T13:00:57Z")

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-759.28.  
S&P 500 down 10+%.

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**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\
**Post date:** [October 15, 2008, 1:07pm UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/248 "2008-10-15T13:07:03Z")

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Holy crap, what happened at the end of the day?  
I was watching it earlier and it was mellow.  
Bad news?

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**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\
**Post date:** [October 15, 2008, 1:08pm UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/249 "2008-10-15T13:08:41Z")

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fear. as usual. and stupid emotional sellers.

take a guess which of these positions in my portfolio are long and which are short. :fail:

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**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\
**Post date:** [October 15, 2008, 1:22pm UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/250 "2008-10-15T13:22:37Z")

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LOL I keep kicking myself for not going short on MS yesterday like I wanted to. I still lost a good chunk and to be honest I dont plan to cover my shorts till we are seeing bug up as im keeping them to hedge through this mess to make some of my longs less painful that I dont want to sell. I am probably buying oil tomorrow. Not as a commodity but one of the oil pro shares.

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**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\
**Post date:** [October 15, 2008, 1:34pm UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/251 "2008-10-15T13:34:28Z")

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im surprised, JPM lost the least of the bunch on the financials because they somehow managed to post a miniscule profit. I’m guessing they put a lot of stuff they could have written off now off until 4th quarter so that they can get through the Merrill deal without getting blasted for -50% like some of the other guys.

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**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\
**Post date:** [October 15, 2008, 1:40pm UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/252 "2008-10-15T13:40:22Z")

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Meh its still making me money. This market is sweet though. Lots of money to be made on these huge swings. I always lose on the big down since i dont like to go large shorts especially with a dow around 8500. But i keep buying big into large downturns and making out well on the upturns.

So who is calling tomorrow? I was 100% positive today would be lower but I have mixed feelings on the rest of the week. I saw after today big sell off there wont be real confidence in buying tomorrow but deal seekers will be out. Also how much of this sell off do you guys attribute to the hedge funds?

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**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\
**Post date:** [October 15, 2008, 1:54pm UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/253 "2008-10-15T13:54:37Z")

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up a little down a little tomorrow. The usual end of day selloff for people scared to hold overnight. (cant say i blame them) I say dow -110.

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**Author:** ![j\_espo1](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/j_espo1/32/7291_2.png) [@j\_espo1](https://forums.speedlife.net/u/j_espo1)\
**Post date:** [October 15, 2008, 3:48pm UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/254 "2008-10-15T15:48:37Z")

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im calling for -300 to -400 tomorrow.

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**Author:** ![Penfold](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/penfold/32/5007_2.png) [@Penfold](https://forums.speedlife.net/u/Penfold)\
**Post date:** [October 15, 2008, 7:33pm UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/255 "2008-10-15T19:33:24Z")

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credit markets are still frozen.

-523 for tomorrow

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**Author:** ![Quattro\_Krant](https://avatars.discourse-cdn.com/v4/letter/q/ac91a4/32.png) [@Quattro\_Krant](https://forums.speedlife.net/u/Quattro_Krant)\
**Post date:** [October 16, 2008, 5:55am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/256 "2008-10-16T05:55:07Z")

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I think today it will be up about 131 points.

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**Author:** ![BluBalls](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bluballs/32/7212_2.png) [@BluBalls](https://forums.speedlife.net/u/BluBalls)\
**Post date:** [October 16, 2008, 6:14am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/257 "2008-10-16T06:14:57Z")

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+1 today… it will start up, go down and people will jump on the buy wagon at the end making it +1.

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**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\
**Post date:** [October 16, 2008, 6:22am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/258 "2008-10-16T06:22:50Z")

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IDK But im about to go for a run. Be back in about an hour to see what I missed. I bought in a bunch again yesterday 🙂

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**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\
**Post date:** [October 16, 2008, 8:56am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/259 "2008-10-16T08:56:33Z")

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Covered all of my shorts bout an hour ago. 🙂 Hope my gut was right on this one. But like some FGGT said the other day. You are never going to go poor taking earnings.

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**Author:** ![BluBalls](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bluballs/32/7212_2.png) [@BluBalls](https://forums.speedlife.net/u/BluBalls)\
**Post date:** [October 16, 2008, 11:05am UTC](https://forums.speedlife.net/t/morning-money-crew-market-closing-up-or-down-today/55705/260 "2008-10-16T11:05:38Z")

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damn, this was supposed to happen at 4PM

DJIA  
8,580.14 +2.23

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