an educated man is unfit to be a slave
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Resistance is holding, if that triple bottom goes... watch out
B
E
L
O
W
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CNBC is owned by GE... get used to it!
Anyone ever thought about sky-diving off of the Grand Canyon?
***AZO - POUNDING THE TABLE ON THIS ONE!!! HEAD & SHOULDERS TECHNICAL TOP, WHEN THIS DROPS... IT DROPS HARD!>>>
February is a very high-risk month, be careful sledding... VIX is ready to trek up mount everest...
I think market could eventually bottom at 4K, but even then, it'll only go up because of hyperinflation and it will not outperform inflation-protected assets like gold... so it's a catch 22... annual inflation of 30% for instance and the Dow gains 10% and people think life is peachy...
Speaking of WMT - New 52-week lows... saw it coming back in December, I said to watch out for multiple gap downs in Q1 on this stock... it's only going to get worse... FULL-BLOWN SOCIALISM...
Another breakout... it's only going to get bloodier folks, we are in full-blown socialism, the government will get their hands on everything of value... and the common man will be holding pink slips...
Out half at 56.12, rest might ride till COB.
Long QID at 54.88...
P.S. - Me thinks They lied on the GDP
Short QQQQ at 29.77, stop loss at 29.82.
~~~~~~~COMPX 1/30/2009~~~~~~~
Previous Close 1507.84 -50.50
1484 SSKILLZ1
1440 FinancialAdvisor
People won't revolt until they take away their jobless benefits...
SRS smells blood...
SPG reports earnings tomorrow pre-market, this could be a 1-2 punch combined with the GDP report which will flare up talks of depression...
Out QID at 55.83 (+2.08)
Failing at resistance, market goes south...
A bad G(reat)D(epression)P and the VIX could run for days on end...
Thanks for the comedy, I certainly passed that one to others...
LOL***
***Now that was ******* funny
wasteful spending disguised as a 'bailout' or 'stimulus' bill will never be successful, it will lengthen the recession and actually knock us into an even greater depression if they keep their socialistic-ways up. See all other governments that did this sht, they all rotted their economies from the inside out.
Market break-out (or should I say break-DOWN!) coming on break of the low's... getting very close!>>>
GDP report tomorrow... not something I'd want to be long into, they might start talking up a Depression if the numbers come out accurate...
EDIT 12:02 >>> HERE IT COMES... WATCH OUT BEEEELOOOOWWWWWWW
AAPL - Likely time to turn neutral to bearish on this one, never developed like I thought... even though earnings were good...
QID STEAK & CHAMPAGNE!!!
~~~~~~~COMPX 1/29/2009~~~~~~~
Previous Close 1558.34 +53.44
1528 FinancialAdvisor
1507 SSKILLZ1
They get the market up umpteen points on all these global pumps, and now they've started front-loading into the GDP report... if you thought the jobs' numbers were bad... wait until this Friday!!!
Link to the dud-report...
http://www.federalreserve.gov/newsevents/press/monetary/20090128a.htm
You might be on to something with this one westpacific... but a surprisingly dismal GDP number on Friday could trump?
The entire market is anticipating the Federal Reserve to pull a rabbit out of its hat, or maybe just endorse another trillion dollar spending bill...
Tonight for dinner...
HYPERINFLATION...
When they nationalize, the government gets all the preferred and the general shareholder is left with sh*t...
Bull-traps being set-up everywhere I look today...
Long QID at 53.75
basher alert!!! haha
Short the Q's at 30.00 (daytrade) - The VIX bottomed today, watch out below... GDP report coming Friday.
***VIX - NOW THAT'S WHAT I CALL A BOTTOM!***
*I expect to see a spike in volatility at least by Friday, when the GDP numbers come in...
~~~~~~~COMPX 1/28/2009~~~~~~~
Previous Close 1504.90 +15.44
1544 SSKILLZ1
1448 FinancialAdvisor
***AZO - Check out the bear flag that's developed on this one the past few weeks, it's getting tighter. This company has a book value of 1.04 as of their last report, that could be even lower now as it's been in decline the past 2 quarters. It's trading at 133.88 due to earnings, a trailing P/E of 13.01 may look attractive, but once those earnings stop coming in, watch out below.
Using loan money to buy back stock can only last so long to prop up earnings...
Many might see the 50 day MA moving over the 200 day MA (probably will happen tomorrow) as bullish, I think in this case it's going to create a bull-trap, and could be the precursor to the next sharp drop>>>
Sign of what's around the corners in the market...
Of course they do, just like the ponzi scheme on social security not keeping up with inflation, unfortunately it's all coming to an end and the fraud is being exposed...
Negative interest rates, they will take .5% of your money from every American's Bank account on annual basis... in turn, they will lend you money at 7%...
WHAT A STEAL!!!