AA, light but revenues were good cuz of weak dollar.

AA should provide the upside breakout, looks like we are gheaded to 145, eventually. (JMHO) CHUBBIE

http://www.bloomberg.com/apps/news?pid=20601109&sid=aOluOO8Vy0gc&refer=home

Personally I think the one similarity we might have with Japan. is that we might undergo debt deflation, which will have ahorrible ending. The problem today is people can't see the forest from the trees, people concentrate on the mortgage crisis being the problem. It isn't!! it's the first shoe to drop.The financial crisis could expand to all areas of the financial arena, the real problem is that we have diregarded systematic risk mangement in our credit markets, the average loan applicant for any loan is afforded way too much credit worthiness and risk gets tnrown right out the window.TODAYS FINANCIAL CRISIS HAS VERY LITTLE TO DO WITH THE MORTGAGE MARKET AND IT HAS EVERYTHING TO DO WITH THE STRUCTURE OF OUR FINANCIAL SYSTEM.Now that banks are trying to tighten the reigns, it will just hurt the consumer that much more. (JMHO) CHUBBIE

totally different situation, nothing could help japan, the equitys bubble was enormous when it collapsed also the , RE buuble, our RE bubble pales in comparison,at the height of the Japanes RE bubble, the imperial palce was valued higher than the GDP of california, japan was in a league all its own. (JMHO) CHUBBIE

Forget Hillary and Obamma, we need FDR! (eom)

Uncle Sam has to go Keynesian, this jobs report and the January revisions is helping to prove private consumption expenditure (in excess of income) isn't going to float the boat this time.Heavy construction, briges roads, I think are still valid plays for this year. (JMHO) CHUBBIE

i think you are dead on with that, definitely with ya on the doule dip scenario.

jobs -80k eom

aj, you are saying the recession is going to last a couple years??

stimulus package? already know where that's going;

http://biz.yahoo.com/rb/080403/consumers_debt_study.html

Cramer was just on cnbc, and it must have been some kind of divine intervetion or something but he managed to uncontrollably lurch into the truth of the housing market, that being its all about valuation.Check waht rates were wehen the housing amrket started to correct, rates were low by historic standards, that tells you its all about valuation.valuation has to come down and as valuation does come down more and more Americans will owe more on their homes than they are worth, prompting them to hand over the keys and just walk away. (JMHO) CHUBBIE

Jobless claims. 407k. still think we are headed for %6.2 unemployment. what is different form this and the '01 recession?? Then the consumer stepped up to the plate to pick up the slack from the business sector.The important part was private consumption expenditure (IN EXCESS OF INCOME!),thanks to the credit situation and the housing fiasco that's not going to happen this time. )JMHO) CHUBBIE

http://www.bloomberg.com/apps/news?pid=20601087&sid=aeRBtyVg3fhA&refer=home

looke likr they killed apol ,new trend appears to be selll the earnings and tech can't lead the market, not good. (JMHO) CHUBBIE

getting short tech, if a class act like orcl can't make it. plenty will be having reservations about holding tech through earnings. (JMHO) CHUBBIE

they dumped it. 9eom)

big money spike going into the close, adbe kicked %ss

going to leave it alone, going in overbought and money flow doesn't coincide with stock price, it filled the gap lets see what happens now, http://stockcharts.com/h-sc/ui?s=ORCL&p=D&b=3&g=0&id=p02020597352

ORCL, very important AH. (eom)

http://stockcharts.com/h-sc/ui?s=RIG&p=D&b=3&g=0&id=p20509924978

crap, they are buying apol already and will have it too overbought for earnings. i wanted it in the 57.2 -58.6 range. (JMHO)

i use the pnf in conjunction with the daily chart. (eom)

incidentally. much of that chart damage u see in the APOL chart is due to the credit crunch, people are afraaid school loans will completely dry up, which they won't. IF APOL makes trhat clear in their CC it could give the wholse sector a boost. (JMHO) CHUBBIE

in a bull market, employment is plentiful and people just can't wait to leap into the workplace, when an economic downturn occurs and good jobs become more scarce people forego going to work and get an education, those with educations look for better opportunitys by furthering their education, schools are usually a good investment in down markets. (JMHO) CHUBBIE

bearish resistance line now at 74, http://stockcharts.com/def/servlet/SC.pnf?c=XLE,P&listNum=

we'll know better tomorrow at 10;30, but so far it looks like an orderly decline 9bull pennant, kind of) of a w bottom, slow stochs haven't reached over sold the last two attempts and are pointed up, we'll see at 10:30, http://stockcharts.com/h-sc/ui?s=XLE&p=D&b=3&g=0&id=p87219145015

ORCL tomorrow ah, also apol on Thurs,
I like thiat one, (JMHO) http://stockcharts.com/h-sc/ui?s=APOL&p=D&b=3&g=0&id=p11433237127

buy trigger 134.7 jmho, http://stockcharts.com/h-sc/ui?s=RIG&p=D&b=5&g=0&id=p32439847212

my condolensces, aire was the best market timer I have ever seen. CHUBBIE

reliveing pressure on the 60, market still should mover higher at 12743 over the 6 days of strenght. i justenetered that cmi short too early, stupid trade. (JMHO) CHUBBIE

took the loss on cmi @ .35 (eom)

one reason why I'm expecting 6.2% unemployment. (eom)

http://www.bloomberg.com/apps/news?pid=20601109&sid=aTARUhP3w5xE&refer=home

Now we have to watch Europe. 9eom)

i shorted some more at .60, I'll hold for awhile.

i'm short a litlle cmi .40 from the other day would like to add higher, very weak on big up days. (JMHO) CHUBBIE

we start with some poor home data, which will remind us what a drag on economic growth the housing recession will be. we wait for the fed to intervene and buy mortgages, last summer there was over $800 billion in treasury receipts the financial crisis has drained over $400 million in 6 months.I suggest you gleefully pay your taxes on April 15th, while thay are still cheap, cuz somebodys going to have to pay for this mess.Time to write that obituary for Uncle Buck, any strentgh in the $USD won't last very long. (JMHO) CHUBBIE

That's waht's going to happen, deepening recession. But oil should hold 80. (JMHO) CHUBBIE

better watch that. last thing this economy needs is problems over there. (eom)