slow bleed eom

http://stockcharts.com/h-sc/ui?s=$TNX&p=D&b=5&g=0&id=p11870004911

oops, I dumped coco, saw too much I didn't like. (eom0

Bought some COCO for earnings 13.51 JMHO) CHUBBIE

Buffet invests for a lifetime and market downtrends he can weather with 40 billion in cash on the sidelines.The corporate cash crunch us just beginning. Do you know what commercial paper is? It is a short term instrument right? and nobody is touching it, since it is a short term instrument a lot of debt will be maturing very quickly, how will corporations be able to sell their debt?????? (JMHO) CHUBBIE


http://en.wikipedia.org/wiki/Commercial_paper

In case you haven't noticed I couldn't be more bearish on the banks. (JMHO) CHUBBIE

incidentally, speaking of the discount rate, that was just a big show Citigroup and a couple of the others put on, the discount rate is still more expensive than regular interbank funding. so why did they do it? Just a show. First it was "Gentle Ben", then "Capn. Crunch", now "Band Aid Ben Bernanke"?(JMHO) CHUBBIE

somebody , I think it was LG, was talking about the lead paint in toys from China, here is the other side of the story,
http://africa.reuters.com/business/news/usnBAN540532.html

As Ricky Ricardo would say, "LUCY!!! You gotta lotta 'splainen to do, Lucy!!"I think Gentle Ben's got a lot of 'splainen to do pretty shortly here. This week we see consumer sentiment, how has the recent sub prime fiasco affected consumer sentiment and posiible out looks to spending? We get a look at the Fed's favorite inflation indicator and I think its going to bbe a hot one. I think rate cut expectations are extinguished and I wouldnt be surprised if the next move looks like up rather than down. What's Gentle Ben going to do with the spread between the discount arte and the Federal Funds rate.Last but certainly not least, China, if anything can derail the global freightcar it would be China. China is exporting inflation to the rest of the world while the U.S exports finacial distress. bI do not like the Shanghai and think it is more than ripe for a correction. (JMHO) CHUBBIE

wasn't that Rusty's name in National Lampoon's Vegas Vacation?

Bbig difference between discount rate abd fed funds rate, so either raise discount rates, thereby signifying banking crisis is under control, or cut fed funds rate 50 basis points and lie like hell to the publuc and say everything is just great and we are just cutting 50 basis points becuase our subtraction skillss are better thann our addition skills. Oonly way get a 50 basis point cut is if we see some horrible data and a big drop in markets.(JMHO) CHUBBIE

My best guess is that we top tomorrow or Fri. The anomoly is that wall street has priced a rate cut 100% into fed futures, but earnings and data are ok. So why woulkd they cut 50 or even 25?
The fed made it abundantly clear that they would support the market and that they would do their best to keep last weeks bottom, exactly that, the bottom.Once th weight is off the Fed's shoulders to physically levitate the market through liquidity, I think we head back down, but not at crisis speed, the fed won't let that happen. (JMHO) CHUBBIE

for the heck of it SST PCLN @77 (EOM)

starting to recoup , but just in case I'll put a sst for gs @174.2 and head out the door for lunch. (JMHO) CHUBBIE

$tnx lost 33 basis points since 10:30, chart is looking like a rollover, needs to bounce or its headed for AM gap fill. (JMHO) CHUBBIE

big dump on futures when yields fell through.

ndx now 1924, keep your eye on 1917 (eom)

notice the drop in the averages in the last couple minutes, look at the yields, quick buying spree in bonds, keep your eye on it. CHUBBIE

pay attention, watch financials, notice how far GS.MER,BSC and LEH are from their HOD's. Worth watching. (JMHO) CHUBBIE

watch yields, could rollover. )eom)

what happened to KLACSTER? Downgraded? (eom)

MRVL tomorrow I'll be watching that one. (EOM)

I'm out, iced profits, looks good with yields rising but we are headed for heavt resistance. Good enough, I'll watch the rest of the day for an opportunity. (JMHO) CHUBBIE

YORK, Aug 21 (Reuters) - Below are the five New York Stock Exchange
issues that experienced the largest increases and decreases in their short
positions in August, according to information released by the exchange on
Tuesday. The five companies with the largest overall short positions are also
listed. Short interest on the New York Stock Exchange slipped 3.5 percent in
August, the exchange said on Tuesday, reflecting a decrease in bearish
sentiment even as credit worries whipsawed markets. For story please see
[ID:nN21383871] .
Company August July Net Change Pct Change
---------------------------------------------------------------------------
FIVE BIGGEST INCREASES:
Countrywide (CFC.N: Quote, Profile, Research) 83,632,426 51,421,466 32,210,960 62.6
Best Buy Co (BBY.N: Quote, Profile, Research) 68,664,289 46,321,708 22,342,581 48.2
Home Depot Inc (HD.N: Quote, Profile, Research) 61,778,896 41,017,784 20,761,112 50.6
Tenet Healthcare (THC.N: Quote, Profile, Research) 69,767,751 50,692,069 19,075,682 37.6
Fannie Mae (FNM.N: Quote, Profile, Research) 32,531,873 15,413,673 17,118,200 111.1
FIVE BIGGEST DECREASES:
Motorola Inc (MOT.N: Quote, Profile, Research) 33,279,055 128,408,273 -95,129,218 -74.1
LSI Logic (LSI.N: Quote, Profile, Research) 22,747,724 49,754,509 -27,006,785 -54.3
Ford Motor Co. (F.N: Quote, Profile, Research) 191,957,828 212,917,218 -20,959,390 -9.8
PRIMEDIA Inc (PRM.N: Quote, Profile, Research) 4,271,872 20,661,225 -16,389,353 -79.3
NovaStar Financial (NFI.N: Quote, Profile, Research) 8,104,561 23,630,494 -15,525,933 -65.7
FIVE BIGGEST POSITIONS:
Ford Motor Co. (F.N: Quote, Profile, Research) 191,957,828 212,917,218 -20,959,390 -9.8
Countrywide (CFC.N: Quote, Profile, Research) 83,632,426 51,421,466 32,210,960 62.6
Qwest Comm. (Q.N: Quote, Profile, Research) 83,239,371 82,090,308 1,149,063 1.4
Advanced Micro (AMD.N: Quote, Profile, Research) 81,685,298 81,250,109 435,189 0.5
Tenet Healthcare (THC.N: Quote, Profile, Research) 69,767,751 50,692,069 19,075,682 37.6
Source: NYSE data as of August 15, 2007
(Reporting by Emily Chasan; Reuters Messaging:
rm://emily.chasan.reuters.com@reuters.net;Tel: +1 646 223 6114))


© Reuters 2007. All rights reserved.

would u want that guy managing your money? he cant even keep his eye on his own friggen car.

poor bstard, http://www.bloomberg.com/apps/news?pid=20601109&sid=ahnaLU_Hkl1o&refer=home

http://www.bloomberg.com/apps/news?pid=20601087&sid=aHIK60wOEVxo&refer=home

looks like adi ain't doing it, need tomorrows retail earnings to be good.

volumes low, no real sellers, puts are protection, when they buy calls then they can dump all they want, the gain is iced and calls insure they don't miss any possible upside left. (JMHO) CHUBBIE

means they aren't selling stock. (eom)

still holding, hope ADI comes through and ist should, need a gap up tomorrow to get over current resistance and get the semi's rolling. Only stock I'm underwater with now is ADBE, and I really like that one, but software got hit today for some reason. (JMHO) CHUBBIE

anybody have an etf to short the shanghai, TIA, CHUBBIE

coming off a doji yhough and rsi is pointing down.

paulson is really blowing it. (EOM)

anybody have an entity I can stalk puts on the Shanghai? I think that one is in for some humoungous downside pretty soon. (JMHO) CHUBBIE

wtf??? They release earnings tomorrow morn,

http://biz.yahoo.com/rb/070820/target_sales.html?.v=2

"W" bottom looks bullish, http://stockcharts.com/h-sc/ui?s=$BKX&p=DAILY&b=5&g=0&id=p35935516502

down 18% in one day. they are more expensive now than tech stocks, this is like the beginning of a panic scenario,
http://stockcharts.com/h-sc/ui?s=$IRX&p=DAILY&b=5&g=0&id=p17493481315

I noticed that and was thinking of dumping longs tomorrow. Most of it is people getting out of commercial paper, but this is telling me this credit fiasco isn't over. The recent activity in the bonds market is more like you see ina crash than a rally. (JMHO) CHUBBIE

should just take 'em out and shoot 'em. (eom)