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de-short today! tomorrow is gonna be +150
GS set a new price target on oil:85$/bbl.Z
GM in bankruptcy isnt the end of the world...Sure AXL will see $300M loss from GM/Chrysler, but they would've already seen that loss from less parts ordering for less cars built and produced.
Lets not forget Ford, still standing!
Is it screwed because you're trying to short everything when the market is running up?
You've always been trying to be the opposite against things going up. And you probably made some money doing that on occasion, until March came around.
Go with the flow. Theres a lot of big whale money managers out there dipping their toes into the market themselves, looking forward and seeing things easing up.
Allright people, lets call the close>
I call Dow +50, S&P +10
I'm surprised we even have delays anymore. If you have a 'live shot' that has to be delayed then you might as well delay the whole show essentially. Then it would appear to the end-viewer that there's NO delay.
omg what a disaster on CNBC, you cant run a show with a built in 1.5 second delay, and have your guest with a 1 second delay too...
lol, or as fast as.a.spoon in peanut butter?Z
Wierd that financials didnt participate in the pop yesterday, and are sideways today... I think they're gearing up for a pop tomorrow after the equity sales of JPM and the other.
Incidentally, I just bought a MacMini too, for doing some iphone development.
So i'm swingin' both ways these days lol
I disagree, I'm using Windows7 right now. Fast, smart laptop options finally built-in to the OS, and a few other nice touches.
Loads fast, faster than XP, much faster than Vista. Operates quickly. I like it a lot.
you and me both, esp today with FAS sidelining.
how about the F-preferreds? I had been looking at them a while back with a 10% dividend yield due to price falling.
Currently TDAM shows F-S is paying 3.25$/sh, a 16% dividend, and I'm wondering, is the dividend still being paid out? TDAM doesnt always seem to get that correct.
I so totally missed the F bandwagon too... might buy in on a dip.
I wouldn't say its a out-right pump, but you have to acknowledge the fact that Ford saw this coming and borrowed money when credit was still easy to withstand this.
They've also been building smaller, more efficient cars. Look at the Lincoln MKZ and the Ford Fusion. Although not a huge Ford fan myself, I'm sure they'll be the last man standing.
sweet...buyers' power... i should go in to lease one for 450$/month
then you'd be rich! and your time machine would probably be confiscated by the 'others with a time machine' for manipulating markets AND time... lol
are not we saying the same thing here?
i'm playing the rally on FAS and ERX. making money because of dollar weakness and widening yield curves. (incidentally i need to go ahead and buy a house and lock in these lower rates)
am i wrong here? i don't see where the disagreement is... i agree with what you're saying and have made bets based on that assertion you made on Friday... we're cool as far as I can see man!
Cramer's trust does own JPM, he stated that.
He bought it because he believes they're the strongest bank institution out there right now. Followed by USB, then BB&T, then a few others. He's been on the fence about bank of America.
Basically he called those four banks the 'pillars of the financials' at that point in time. Basically he was saying the gov't WONT let them fail a-la Lehmen.
Its been washed under the radar that JPM has $81T of derivatives exposure (reported by BusinessWeek, May18-09 issue) which concerns me but i dont think it concerns others.
I saw your post, and thought it was interesting of course, But you're reinforcing your own points:
if the dollar goes down, yes commodities and exporters go up. rally.
if the yield curves loosen, banks make money. rally.
when those two things change back, we'll probably have a correction finally.
i believe just basic inflation causes a rally, think about it... if a loaf of bread inflates from 2$ to 3$, same thing with the company's stock that makes it, right?
the real reason,man,is the criminalization of marijuana... LOL
manipulation isn't possible. this is investors that don't want to lose out on the rally.
there's tons of cash sitting on the sidelines that looked at the S&P hitting the 200day Moving average, and said, "I DONT WANNA MISS THE RALLY"
you can't manipulate ALL the big boards without a lot of money so play along and make money.
On the other hand, you could play the market, keep a watch on it, and make money...
or sit out and pout.
your choice.
Macke is back today! haha..."Welcome back from Vacation"
nice, i was debating buying some URE this morning at 8:10am. Oh well
personally I believe the savings figure is great for the US
april incomes up, spending down .1% = more people saving money
great for the overall economy.
bad FAZdoggie! bad!
This is Obama's political future. We all know why GM/Chrysler are being stood up, the UAW paid to play... thats Illinois politics play book.
Now Obama is bailing out the UAW and we'll see if the "government doesnt want to run" in Four years when Obama's up for re-election. You watch, Hillary will sense blood in the water over this, and the N.Korea situation.
But anyways, back to trading stocks.
Sure, let's keep throwing money into GM. Maybe someday it'll become profitable.
In the meantime there's Tesla motors, building a 100% electric car that could use some Gov't grants to increase production and bring the prices down from 90K/car. But all that money is going into GM. So what's a gov't to do?
ANSWER: NOTHING. LET THE MARKET SORT IT OUT.
Down with the oil based gas consuming GM/Chrysler model. (Possible Ford too)
UP with TESLA efficient electric cars and PRIUS/Insight alt fuels cars.
Here we go again, blaming Bush. LOOK FORWARD.
Obama's talking, everyone run for the hills!
thanks for informing everyone, I wasn't 100% sure about GM's situation.
hmmm,false call...EGLE,DRYS down now
Wow GM up 22% right now...Interesting situation, where apparently the stock holders will have 1% of the 'new GM'.
CNBC reported 89.9B in consolidated assets, so if you take 1% of that, you get 899 million. So with 610.59M shares, puts a target stock price of 1.47, if I did my math right.
So buying at .85-1.0 could be a smart but speculative buy.
Kam should trademark that! lol
Shippers doing well: EGLE,DRYS,ONCF...counter-intuitive with Oil up
Kamillion likes Amerika!
Under threat of jail time for misinformation... There could be some small speculation money thrown in for good measure
I restate, anybody worrying S&P is up 30% aren't including in that statement that we went DOWN 50% in the stretch of 3 months.
no new money? please, the evidence is on the side of lots of new money coming in, as long as the recovery numbers continue to get better, even marginally better.
we'll have a minor correction, it'll be a few days of profit taking of course... and then it'll continue.
people say "we're up 30% already" but they dont factor into that statement of the crash that brought EVERYTHING down 50%. So we're basically still down 20%.
Granted, the closer we get to being even, the more selling pressure will probably develop.