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another 25 and 50 at the window. (eom)
look at the yen chart I posted, THE FED SHOULD INTERVENE IMMEDIATELY! (JMHO) CHUBBIE
banks are on the way starting with LEH thurs. these banks have doing some rather agressive accounting and a lot of bad news has been swept under the carpet. They won't even truthfully tell ya what's a long term liability and what's a short term liability for them. However, I don't think the investment public is going for the dog and pony show, dead cat bounce for the banks should be over. (JMHO) CHUBBIE
Gentle Ben's statement was lame. I've been saying for months we are headed for zero growth, now it is abundantly clear the FEd is behind the curve. deficits will rise and Govt. will resort to keynesian pump riming by hiring new employeees as the unemplyment rate rises precipitously. On a more positive note, I like anything that even resembles a keynesian stock play for the first half of '08, companys Uncle sam will be providing steady income for.Start in the defense field and keep on going for next years picks. (JMHO) CHUBBIE
ROTFLMAO!! (eom)
Not much volume, Friday , our favorite 8;30 AM work of fiction takes center stage, expect the usual wahack revisions. don't have a lot of faith in todays number seems like an abhorration to me. Uncle buck has dead cat bounced lately, due to the twin deficits shrinking,if the jobs market stifles growth then Uncle sam jumpos in Keynesian style and the twin deficts ballon gain lowering the Dollar.Some action i9n the semi's, but big caps stole the show due to deteriorating margins in the sector.Jobs, jobs, jobs, all up to the usual shennanigans with Friday's work of fiction. (JMHO) CHUBBIE
5 years???Sounds kind of scary, http://www.bloomberg.com/apps/news?pid=20601087&sid=alDRnzsykDOc&refer=home
watch the close for possible weakness, look at the LIBOR, London banks are already closed. (JMHO)CHUBBIE
ROTFLMAO!! You guys are too much. (EOM)
don't be surprised if we see a swift decline either today or tomorrow. (JMHO) CHUBBIE
this guy explains things clearly, http://www.bloomberg.com/apps/news?pid=20601039&sid=a0UUN6mUXrfA&refer=home
here's the important part, OUCH!!,
Profits for the Standard & Poor's 500 companies fell almost 25 percent on a per-share basis in the third quarter, the biggest year-over-year decline in almost five years. David Wyss, S&P's chief economist, expects their earnings to fall as much as 30 percent in the fourth quarter as companies take more writedowns for bad investments. Excluding such extraordinary items, operating profits may fall as well, he says.
Look up the textbook definition of financial crisis, there are four elements, only one so far is missing, a big slide in the stock market.once that starts the rest snowball.Bernanke has to keep cutting, 50, and he has to go to the discount window. (JMHO) CHUBBIE
yep,large downside is still very possible. Abu Dhabi investing in Citigroup and Paulson's plan do nothing to spur demand therefore corporate profits are still at risk. news driven market next week until friday, not much data until the jobs number. Even more important than ever as the consumer remains in focus. rate cut is highly expected, however, there are two variables that have to be considered along with that, first rate cut effects take 6-8 months to provide growth, second a rate cut is not synonymous with the libor rate.Banks have not forgotten there mistakes and will still demand a premium to lend money as a result of the credit crunch. Gentle Ben has to give up 50, but more importantly he has to go to the discount window to keep things flowing short term. (JMHO) CHUBBIE
covered 1.4, bulls will try and close spx over 1481. (eom)
tech gap 'n crap. (eom)
shorted mmm 84.8,bearish bounce in the chart,
http://stockcharts.com/h-sc/ui?s=MMM&p=D&b=5&g=0&id=p31842842207
we get another big dip to 1950, the play is DELL (JMHO)
I agree with that on the spx, now punch up a 30 day 6o min. ndx, watch that bear flag break. (eom)
soory, tea I meantt networker. (eom)
$TNX down 4.1% today,never seen that before,might be headed for an avalanche,will the fed jumnp in? (eom)
stay away from telecomms.(JMHO) (eom)
as personal comsumption declines inflation will decline, they will cut rates and I think they hit the discount window again. (JMHO) CHUBBIE
The put call is really easy to read but everybody is reading it wrong. The dumping of stock has been massive, but fund managers cant't afford to miss a move so they buy calls. Mom 'n pop investors pull zero weight in the markets. (JMHO) CHUBBIE
SNDK, clos to breakingg 2 year bear flag, if it does could see the 20's, http://stockcharts.com/h-sc/ui?s=SNDK&p=D&yr=2&mn=0&dy=0&id=p31002386093
As European bankers set flat footed and watched things collapse around them, the fleetfooted American Federal Reserve acted fearlessly in preventing a huge global recession and possibly global depression. However, the possibility remains that perhaps it only prolonged the eventual. It just might have bought us some time.(JMHO) CHUBBIE
time to realx for an hour, I'll wait for the last half hour. wait and see if they decide there's more isk in ot out. I think they come in Today. (JMHO) CHUBBIE
should be in, watch metal stocks miners for DT longs.(JMHO)
One of the possible scenarios is that wolrd markets crash, and the U.S. leads the world out of the rut just like it always has. Post a 30 year dollar chart(or longer), when America leads the pac the dollar increases. CHUBBIE
I've never seen a country prosper by devaluating its own currency? I'd like to see a chart.
The Vatican weighs in, this could get interesting,
http://www.cbsnews.com/stories/2007/11/20/politics/animal/main3525924.shtml