Morning Money Crew - Market closing up or down today?

M&T stock is still going up every day…3 weeks ago it was at -60…now its at 98…

I’m glad I bought into it.

you may be right… it’s already -57

I’m a little late but pretty neutral day. Tomorrow will be the big mover.

Why’s that? I’m just trying to learn…

Tomorrow the house is going to vote on the bailout that the senate passed.

Today might become a big mover if enough leaks about which way the house is leaning get out.

PS: This is all speculation by me. I have no crystal ball telling me what this very volatile market is going to do day to day. :slight_smile:

I figured people would have a feeling today and I think the house will say yay to it which is where I got my ++ from.

+178 today.

+1 today, i’m going to win with price is right rules…

-130.

$1.
Not +$1. $1 close. Since we’re doing price is right style, anything less than -130 and i win.

You pull the rip cord on the rest of your F/F yet?

nah, market is scared of the house, but they won’t let it fail again. Now that we have an extension of the short ban, im gonna wait til they vote and then dump it.

If I had any more liquidity I’d dump it into GE right now and hold for a bit. Down 8% today and it could be a steal. Unlike FRE and FNM, I know it will still be around a year or 2 from now, but getting oversold like the rest of the financial sector on pure emotion.

Depending on what I see a low at today I may pick up more, carry for a few days and then dump after the vote.

Right, good time to pick up long investments right now. Typically all I play anyway. I don’t have the time to manage volatile shorts and it is ultimately gambling, only play with throw away money.

just bought 500 shares in GM, and i’m down 162.25 right now :frowning:

if AIG goes down more(some how they are up .08 today), they would be a good one for after bail dump.

Just because they are a financial with a low value doesn’t mean it is a good pickup. The fluctuation you see there is more related to speculation, people like yourself trying to cash in on short spikes…

that would be the same for FRE/FNM… they have already been gov backed so to say so technically they shouldn’t be effected either… but they will.

The “bailouts” that FRE/FNM received are not the same as the one AIG received. AIG is not “gov’t back” now necessarily.