pick the low. 11800 I'm buying everything in sight
2x :eek:
You gonna jump in front of the bear train like that?
They were talking "buyers strike" and "capitulation" a LOT today on CNBC ...
You wanna start thinking about a bottom less than 400 points from here, with housing numbers getting worse, jobs down and not getting better, profits mostly everywhere falling off cliffs, and inflation about to sky rocket?
Aren't you at ALL freaked out that they stopped publishing the M3 in '06?
Do you not get that we are on the far side of a double top's second peak?
Do you just not accept any of this data?
I've probably done stupider things with my money,
and you could be right,
but i just wouldn't do it.
Not the way this market is behaving.
Not with terms like "capitulation", "buyers strike" and "stagflation" being thrown around by the old media, for godsake?
Just curious.
Tell me everything will be okay, jlew ... i REALLY want to believe it. :( :( :(
If I was to smile and I held out my hand
If I opened it now would you not understand?
The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
You gonna jump in front of the bear train like that?
They were talking "buyers strike" and "capitulation" a LOT today on CNBC ...
You wanna start thinking about a bottom less than 400 points from here, with housing numbers getting worse, jobs down and not getting better, profits mostly everywhere falling off cliffs, and inflation about to sky rocket?
Aren't you at ALL freaked out that they stopped publishing the M3 in '06?
Do you not get that we are on the far side of a double top's second peak?
Do you just not accept any of this data?
I've probably done stupider things with my money,
and you could be right,
but i just wouldn't do it.
Not the way this market is behaving.
Not with terms like "capitulation", "buyers strike" and "stagflation" being thrown around by the old media, for godsake?
Just curious.
Tell me everything will be okay, jlew ... i REALLY want to believe it. :( :( :(
Well, i think we get a bounce here today ... but i see it maybe fading after lunch.
I think its prudent to let the market call the bottom and not try and be smarter than it.
One thing that seems sure to me is that when we do hit that bottom we will bounce on it a good few times.
The big money will test and retest that fucker to make sure they're jumping on solid ground, and not on some vietcong style bear trap ... sharp sticks in a pit waiting for unsuspecting bulls.
If i had to really stick my neck out ...
i'd imagine we see the dow go below 10,000 ...
i think the tube is right, much more of this and we are likely to see droves of investors walk away ...
the buffets of this country are still on the sidelines.
while the prince of this or that country may be throwing some money at us, the money here is not moving.
that says something.
Personaly i want to see how this whole inflation storm plays out before i make a move.
Give it 2 months at least. I say 4 to 6.
I think in 2 months you will see that this isn't a market making a 1 year discount in 1 month ... this is just the start.
We've lost 8% in January alone ... i see that number tripling by year end unless something radicaly changes.
All the big banks still have massive rightdowns to come.
They are peeling off a real stinky onion, layer at a time, and slowly as to not make too many cry too much at once.
?
If I was to smile and I held out my hand
If I opened it now would you not understand?
The markets were buoyed by tech giant IBM (IBM, Fortune 500), which raised its earnings guidance as it reported the strong results it had pre-announced earlier in the week. Shares were up nearly 4 percent in early trading in Frankfurt.
Early Friday another Dow component, General Electric (GE, Fortune 500), reported earnings that met forecasts as it reaffirmed its 2008 earnings guidance. Shares of GE gained in early pre-market trading following the report.
Art Hogan, chief market analyst at Jefferies & Co., said that markets were cheered in the revenue gains in those two blue chips, particularly in their overseas sales, which have been helped by the weak dollar and stronger economic growth in those economies. He said that part of the gains in futures is a reaction to the 5 to 6 percent decline in major U.S. stock indexes over the course of the last three trading days.
"At some point in time we have to look at this as oversold," said Hogan.
Among tech shares, No. 2 chipmaker AMD (AMD, Fortune 500) saw shares gain 5.5 percent in after-hours trading Thursday after it reported a loss that was smaller than forecast on surging sales of microprocessors.
Comments
2x :eek:
You gonna jump in front of the bear train like that?
They were talking "buyers strike" and "capitulation" a LOT today on CNBC ...
You wanna start thinking about a bottom less than 400 points from here, with housing numbers getting worse, jobs down and not getting better, profits mostly everywhere falling off cliffs, and inflation about to sky rocket?
Aren't you at ALL freaked out that they stopped publishing the M3 in '06?
Do you not get that we are on the far side of a double top's second peak?
Do you just not accept any of this data?
I've probably done stupider things with my money,
and you could be right,
but i just wouldn't do it.
Not the way this market is behaving.
Not with terms like "capitulation", "buyers strike" and "stagflation" being thrown around by the old media, for godsake?
Just curious.
Tell me everything will be okay, jlew ... i REALLY want to believe it. :( :( :(
If I opened it now would you not understand?
Let us know how you get on Jlew.
The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
like I said, pick a low.
I'd ask you to pick a low too but I dont think you even know what that means.
Well, i think we get a bounce here today ... but i see it maybe fading after lunch.
I think its prudent to let the market call the bottom and not try and be smarter than it.
One thing that seems sure to me is that when we do hit that bottom we will bounce on it a good few times.
The big money will test and retest that fucker to make sure they're jumping on solid ground, and not on some vietcong style bear trap ... sharp sticks in a pit waiting for unsuspecting bulls.
If i had to really stick my neck out ...
i'd imagine we see the dow go below 10,000 ...
i think the tube is right, much more of this and we are likely to see droves of investors walk away ...
the buffets of this country are still on the sidelines.
while the prince of this or that country may be throwing some money at us, the money here is not moving.
that says something.
Personaly i want to see how this whole inflation storm plays out before i make a move.
Give it 2 months at least. I say 4 to 6.
I think in 2 months you will see that this isn't a market making a 1 year discount in 1 month ... this is just the start.
We've lost 8% in January alone ... i see that number tripling by year end unless something radicaly changes.
All the big banks still have massive rightdowns to come.
They are peeling off a real stinky onion, layer at a time, and slowly as to not make too many cry too much at once.
?
If I opened it now would you not understand?
A guy on CNBC just said 25% ... and called it at 11600 ... for what its worth.
Not much.
IMHO.
PS - Why is the rally ALREADY fading this morning?
Are we going lower to set a base for a rally? Tag a gap? Or is the rally hype just that?
If I opened it now would you not understand?
http://money.cnn.com/2008/01/18/markets/markets_nyopen/index.htm?postversion=2008011809
The markets were buoyed by tech giant IBM (IBM, Fortune 500), which raised its earnings guidance as it reported the strong results it had pre-announced earlier in the week. Shares were up nearly 4 percent in early trading in Frankfurt.
Early Friday another Dow component, General Electric (GE, Fortune 500), reported earnings that met forecasts as it reaffirmed its 2008 earnings guidance. Shares of GE gained in early pre-market trading following the report.
Art Hogan, chief market analyst at Jefferies & Co., said that markets were cheered in the revenue gains in those two blue chips, particularly in their overseas sales, which have been helped by the weak dollar and stronger economic growth in those economies. He said that part of the gains in futures is a reaction to the 5 to 6 percent decline in major U.S. stock indexes over the course of the last three trading days.
"At some point in time we have to look at this as oversold," said Hogan.
Among tech shares, No. 2 chipmaker AMD (AMD, Fortune 500) saw shares gain 5.5 percent in after-hours trading Thursday after it reported a loss that was smaller than forecast on surging sales of microprocessors.
consumer sentiment up?
Jlew i gotta say, i'm not sure whats going on here in the futures markets.
They were up over night off their 15 month lows ... but then starting at around 8 am they started to slide.
Between 9 and now they are down nearly to yesterdays close.
Like i said, this could be just gap fill mentality ... but the consumer sentiment news sent her up briefly and then right back down.
Guess its too early to make a judgement, but if the futures market is going to start moving opposite the stocks, that says something not so nice.
:(
If I opened it now would you not understand?
S&P is now below yesterdays close.
WTF is going on here.
The dow and the Nas are UP.
(although peeled back to nearly b\e after that morning run)
but the futures are down substantialy.
(s&p is at least 10 points off of open right now)
WTF is up here?
DOWN is the new UP
:eek:
If I opened it now would you not understand?