NASDAQ 100 Trust Shares (QQQQ)

All Comments on QQQQ

  • commenter
    David in D
    Oct 12 10:43 PM
    The Difference Between 1993 and 2009 [view article]
    Anton- While I think your proposal makes limited sense economically, it would have disastorous effects socially and that is a major factor that you have not weighed. I have no idea where you fall on the wealth spectrum, but clearly you do not have an interest in creating a win-win for everyone. Until poverty is alleviated in America and until the working class has wages that are increasing ahead of inflation we cannot will not see a lasting economic recovery.

    Frankly, your 10% income tax proposal and the elimination of the capital gains tax heavily favors those with wealth at the expense of the poor and working class. What exactly do you propose the single mother with two kids and working for $8 per hour do? Cutting her health care access certaily doesn't help her. Seriously, I would like to hear you address the "poor/working class" in America -- what is your proposal for them?

    Finally, your "low tax" agenda will not have another political chance in America for at least a decade. Bush 43 completely discredited it by giving tax breaks to the elite while running up huge defiicts. Republicans, at the moment, have NO credibility as fiscal conservatives. Therefore, if we are going to run big deficits let's at least take care of our poplulance instead of bombing innocent countries and giving contracts to Haliburton to rebuild them.     Reply
  • commenter
    Matt
    Blackman
    Oct 12 10:05 PM
    My Website
    The Case for a Bounce [view article]
    Kathy;
    Curious about your comments about that the insurers who bought the CDSs will now have the $270 billion to pay their Lehman claims. Where do you think this money will come from? The US government has already committed to more than $2 trillion, where is another $270 billion coming from?     Reply
  • commenter
    cpeterka
    Oct 12 10:05 PM
    My Website
    The Crash of 2008 [view article]
    This is NOT Mathematics. This is Emotions.
    Until the banks start to Trust each other, Until merchants get short term capital, this will continue to fall.
    Grain is piling up in the ports ( Canada, US ) because the buyers can not GUARANTEE that the money they promise for the grain they want to buy will arrive from their bank.
    The traffic in the ports is down by 20%. Joe Smallshop, and Frank Big Company NEED Short Term Capital, and until the banks TRUST them, things will continue to spiral downwards.
    Sorry, I'm holding my cast for better bargains.
     Reply
  • commenter
    Moral
    Hazards Amok
    Oct 12 09:54 PM
    The Crash of 2008 [view article]
    This article seemed to generalize what’s going around in much of the popular media. More meaningful specifics would have been useful. I’d also like to empathically agree with what ddtuttle said and expand a little there.

    3. imho, we have had far too few meltdowns of this severity to reasonably game where this current one will end and a new bull leg will begin, or how high the rally will go. I would think that we would need at least a couple hundred meltdowns to gather statically meaningful trends. Too many people from Cramer to Roubini compare this crisis to 1987 or 1929. Today’s crisis is neither because important dynamics are so different. Sorry to use the overused cliché, but we really are in uncharted waters. Throw away the book on those past episodes when it comes to predicting the current market. They don't apply, imho.

    4. It would have been nice to know what specific measures the author was referring to. VIX, Put/Call ratio, magazine covers, newsletter authors, men’s beards? Not all of these indicators are yet at pessimistic extremes. Also, how do we quantify “maximum pessimism”? I would be willing to bet that at the bottom of every economic crisis the population believed that things indeed could get much worse, and guess what, they were right. So how do we know when we’re really at a bottom?

    That being said, my technical indicators suggest that we may indeed at a short-term bottom and ready for a good bounce, so late Friday I stuck my toe in the water and bought calls in ABK and IDEV. But I used specific (albeit rule of thumb) quantifiable indicators. We shall see.     Reply
  • commenter
    wyosteven
    Oct 12 09:29 PM
    The Crash of 2008 [view article]
    "We have fallen much further than I thought was possible in even the worst-case scenario, and all risk assets seem to have dramatically overshot to the downside."

    Sorry Charlie, this sentence sums up the entire article. This crisis has been a surprise to a LOT of self proclaimed experts. Therefore I don't think we are anywhere close to a bottom... Sentiment doesn't tell me that, submitting to "I don't know, and neither does anyone else" does.

    The premises you ought to be exploring is "what have we or will we give up in order to stop the crisis?" I'd suggest that you start with transparency, failure of Congressional leadership through oversight, and the elimination of the Federal Reserve.     Reply
  • commenter
    SugarDaddy
    Oct 12 09:10 PM
    The Crash of 2008 [view article]
    Sucker Rally / Bear trap will start tomorrow 10/13, after that a nosedive and a half. You'd think people would learn over time.

    The info exchange is just too fast to deliver the wrong news most of the time.

    The attitude of sit on the sidelines isn't going to work this time.

    Cash is King and Gold/Silver are the queens..     Reply
  • commenter
    david rojas
    Oct 12 08:51 PM
    Economic Indicators Signal a Major Collapse Ahead [view article]
    can anyone substanciate the rumors about the American gov. sending billions of "Ameros" to China? What are "Ameros"? Do they acually exist?
    Dave     Reply
  • commenter
    eternitus
    Oct 12 08:26 PM
    The Crash of 2008 [view article]
    The government will stop at nothing to stabilize the financial system, avoiding a great depression scenario.

    Forget charts and historical comparisons (a sample set of 2-3 tells you nothing of consequence). There are too many variables that are different right now. If you drop the Dow's profits by 30% (I think this is unlikely, given that bank profits will actually rise as a result of the TARP and Fannie and Freddie stealth TARP), the Dow will still only be trading at a PE of 15 and yielding 3%+... this will be at a time when cash on the sidelines (there is an enormous amount of this) is counting its returns in basis points.

    Buy wide-moat, established companies with low debt, high cash flow, solid yields and <60% payout ratios, and get paid to wait for the flood of sideline money to float your stock values higher.     Reply
  • commenter
    Owen
    Oct 12 08:21 PM
    This Isn't a Bottom, It's a Disturbance in The Force [view article]
    Smarty_Pants,

    I have no problem with a US dollar decline and a rise in interest rate. In fact, for full disclosure, I am currently short Treasuries (10 and 30 year) through the Futures market. I don't see hyperinflation ahead, but I do see a rise to the long-time average range of 5-7% on the 10-year.

    Is that a problem? Not for me or other equity investors. Stock markets have done very well during periods of increasing interest rates--don't take my word for it; check it for yourself.

    I'm also not concerned with China and Japan taking a bigger portion of the world pie. My investments include a large portion of European and Asian stocks. Only a fool would limit themselves to the US market.

    Housing prices will plummet? Again, not a problem for me. I'm not looking to sell a house.

    While you are trying to make it sound over-dramatic, your predictions aren't as wild as you'd think. Personally I don't see China or Japan dumping $2 trillion worth of treasuries all at once. They're smart enough to know how to avoid flooding the market and destroying their own wealth. In time, they will diversify away from US treasuries. In fact, I believe it's happening right now, although we'll only find out about it a few months from now.

    Yes, I have no doubt Chinese sovereign funds are buying US and European companies right now at these ridiculous prices, paying for their purchases with US treasuries. And if they're doing it, I'm happy to make the same trade along with them, selling treasuries and buying stocks. Are you confident enough to bet against China and Japan?
     Reply
  • commenter
    MarketLost
    Oct 12 07:58 PM
    The Crash of 2008 [view article]
    Friday was exactly what we've been all waiting for - capitulation. Everything was there, an incredible plunge within minutes of opening, and heavy volume all day.

    Historically, we will form a complex bottom, and retest the lows within a few months. Then it's a new bull leg from there.     Reply
  • commenter
    Moses
    Oct 12 07:52 PM
    The Crash of 2008 [view article]
    I am glad everyone is calling a bottom, it makes me even more confident that we have not bottom and people who go long here are just setting up a horrible risk/reward trade. Reply
  • commenter
    alajac
    Oct 12 07:51 PM
    My Website
    The Bottomless Money Pit [view article]
    What the `bailout of the bastards` is trying to do is add layers to the top of an ice cream cake that is losing layers on the bottom faster than they can be added on top because the cake is sitting on a very hot oven. What is heating the oven is the ongoing destruction of credit. (In other words, the destruction of the additional debt-money that banks were able to create from making loans based upon new reserves originally created by these now-bad loans.) This ongoing `destruction of credit` is resulting from masses of people becoming unable to make their debt payments. When a few people run into trouble they can willfully be left by the bankers to die by the side of the road, no problem, but when the masses start defaulting, the bankers` cake melts. Rather than fight reality (as the bastard bailout is attempting to do), the first thing we need to do is to GET THE OVEN COOLED OFF. We need to get money into the hands of the people who need it and are going to spend it, not into the vaults of people who don`t need it and who can afford to save it. This is what the HOW TO FIX THE ECONOMY plan does `IN SPADES`. We could do the same thing using Federal Reserve money, except that would be fricking stupid, resulting in us owing trillions of dollars (plus interest) to the bankers for helping them out of the hole into which they put themselves. How long are we going to continue to be fricking stupid?

    the short version of HOW TO FIX THE ECONOMY

    - Create a modern and national equivalent of the most stable currency America ever had, Colonial Scrip (paper fiat currency, backed by nothing).

    - Put it into circulation via $1000 monthly distributions to every legal US resident
    (similar to what was done with the 2008 Economic Stimulus Rebate money). (Distributions for minors to be held in trust.)

    - Replace the Federal Income Tax with a small debit tax on electronic transfers, equally applied to all including foundations, trusts, and churches (avoidable by use of cash or barter). Adjust as necessary to deter inflation. Use Fed dollar proceeds to reduce the national debt.

    - End any and all other Government-sponsored Personal and Corporate subsidies, especially including any Federal Minimum Wage laws as well as FDIC and any other form of risk insurance. All risk needs to be personalized, not socialized.

    Reply
  • commenter
    Smarty_Pants
    Oct 12 07:02 PM
    My Website
    This Isn't a Bottom, It's a Disturbance in The Force [view article]
    China has already issued an "or else". Why do you think the FED bailed out Fannie and Freddie?

    Owen, what do you think would happen to the US Dollar and interest rates if China just started dumping $2 Trillion in USTreasury debt? (Or Japan, they are the two largest holders of our debt.)

    Dollar would tank, interest rates would skyrocket.

    What do you think would happen to housing prices if mortgage rates went up to 13% like back in the early 1980s? They'd collapse even further than they have already.

    China and Japan hold the financial hammer. They are calling the tune and Paulson & Bernanke are the ones dancing as fast as they can trying to keep up.     Reply
  • commenter
    BxCapricorn
    Oct 12 06:58 PM
    The Crash of 2008 [view article]
    Nice summation of statistics and great information-filled thread. Reply
  • commenter
    Crudeman
    Oct 12 06:52 PM
    The Crash of 2008 [view article]
    As a chartist, another telling point is 7900 on the DOW. There have been three head & shoulders tops in this topping formation of the last 3 years. The top h&s objective was 11,000, which was reached and reacted off of. The second larger one went to 9500 which it took 2 days to break and break it did. Lastly, the large h&s which was spread over the 3 year period, measured 7900. We got there Fri. in rapid time and witnessed a huge short covering move which gave us a 1400 pt round trip in less than 30 mins. This makes me confident we've seen the bottom for this round.... Reply
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