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Friday, March 13, 2009 4:09:55 PM
Great Weekly Performance - the best week ever!
Perfect Best market call!
No market calls during the next Quadruple week, markets can do anything with much volatility -- could change every half-hours so, it will be good to have daytrading mentality to prepare for the volatility.
Have a great weekend!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36114307
Posted by: __1Best__ Date: Friday, March 06, 2009 5:10:03 PM
MARKET BOTTOM: SPX 683.38 0.83 0.12%
SPX 666.79
The Rally, Can It Last?
PISANI, TRADER TALK, BLOG, CNBC, CNBC.COM, MARKETS, STOCKS, STOCK MARKET, STOCK MARKET NEWS, CNBC STOCK NEWS, CNBC MARKET NEWS, INFLATION, OIL PRICES
Posted By: Bob Pisani | Reporter
cnbc.com
| 13 Mar 2009 | 12:00 PM ET
That's the only debate on the Street right now, now that the S&P has rallied 10 percent in a week.
The causes of the current rally are well known:
1) Oversold conditions
2) Positive comments from big banks
3) More "together" feel from Geithner, others
Right now, the skeptics outweigh the optimists. Those who believe this is a bear market rally insist:
-Bank write-downs will continue
-The reality of recession will not disappear soon
But the numbers who believe we have a shot at a bottom has increased notably this week. They point to:
-Signs that the mark to market rule will be changed, alleviating some of the bank write-down’s
-Uptick rule changes also imminent
-Geithner's public/private partnership bank plan now has more details
Reality check time? Still, a lot of traders are skeptical of the kind of moves made by a few stocks this week. It's easy for a $2 bank stock to move up, but others, traders say, seem ripe for some kind of consolidation in the coming days.
They include: (This week)
Goldman Sachs up 29 percent
Morgan Stanley up 44 percent
General Motors up 82 percent
What Others Are Saying On CNBC.com:
# Busch: Obama Calls the Bottom
# Gold Will Climb AgainThe Dow 30 in Real TimeThe CNBC Stock Blog
_____________________________
Questions? Comments? tradertalk@cnbc.com
© 2009 CNBC, Inc. All Rights Reserved
URL: http://www.cnbc.com/id/29677939/
Perfect Best market call!
No market calls during the next Quadruple week, markets can do anything with much volatility -- could change every half-hours so, it will be good to have daytrading mentality to prepare for the volatility.
Have a great weekend!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36114307
Posted by: __1Best__ Date: Friday, March 06, 2009 5:10:03 PM
MARKET BOTTOM: SPX 683.38 0.83 0.12%
SPX 666.79
The Rally, Can It Last?
PISANI, TRADER TALK, BLOG, CNBC, CNBC.COM, MARKETS, STOCKS, STOCK MARKET, STOCK MARKET NEWS, CNBC STOCK NEWS, CNBC MARKET NEWS, INFLATION, OIL PRICES
Posted By: Bob Pisani | Reporter
cnbc.com
| 13 Mar 2009 | 12:00 PM ET
That's the only debate on the Street right now, now that the S&P has rallied 10 percent in a week.
The causes of the current rally are well known:
1) Oversold conditions
2) Positive comments from big banks
3) More "together" feel from Geithner, others
Right now, the skeptics outweigh the optimists. Those who believe this is a bear market rally insist:
-Bank write-downs will continue
-The reality of recession will not disappear soon
But the numbers who believe we have a shot at a bottom has increased notably this week. They point to:
-Signs that the mark to market rule will be changed, alleviating some of the bank write-down’s
-Uptick rule changes also imminent
-Geithner's public/private partnership bank plan now has more details
Reality check time? Still, a lot of traders are skeptical of the kind of moves made by a few stocks this week. It's easy for a $2 bank stock to move up, but others, traders say, seem ripe for some kind of consolidation in the coming days.
They include: (This week)
Goldman Sachs up 29 percent
Morgan Stanley up 44 percent
General Motors up 82 percent
What Others Are Saying On CNBC.com:
# Busch: Obama Calls the Bottom
# Gold Will Climb AgainThe Dow 30 in Real TimeThe CNBC Stock Blog
_____________________________
Questions? Comments? tradertalk@cnbc.com
© 2009 CNBC, Inc. All Rights Reserved
URL: http://www.cnbc.com/id/29677939/
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