Investors....come in please!
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Looks like the European Central Bank gave the U.S. Fed the finger by announcing that they will not be lowering interest rates and that they will stick to their mandate which is to combat inflation.
Euro markets are tumbling and U.S. Futures are down. For those of you who thought you missed your buying opportunity yesterday, you'll get another chance today (not that I am recommending that you should
)
Euro markets are tumbling and U.S. Futures are down. For those of you who thought you missed your buying opportunity yesterday, you'll get another chance today (not that I am recommending that you should
)
Yeah I'm just sitting in the cheap seats and waiting. Stuff like Goldman Sachs (GS) still looks sooooo cheap.....Buffet has been buying.....stuff....but I'll wait.
Originally Posted By: msparks
did some buying as well,
mcqrf and bckbf both are pfnewsletter picks that I liked just increased my positions in both.
How wrong has PF been - wow - for them to have a letter dedicated to copping a plea, well at least they are honest. They put a WATCH on some of my favs.....interesting.
did some buying as well,
mcqrf and bckbf both are pfnewsletter picks that I liked just increased my positions in both.
How wrong has PF been - wow - for them to have a letter dedicated to copping a plea, well at least they are honest. They put a WATCH on some of my favs.....interesting.
Originally Posted By: VeeDubb
For those of you who thought you missed your buying opportunity yesterday, you'll get another chance today (not that I am recommending that you should)
Might work out.
As I mentioned on another thread >>>>> http://www.bobistheoilguy.com/forums/ubbthreads.php?ubb=showflat&Number=1065182#Post1065182
"We might be very near a s/t low now, should set an IT low within a week or so."
Everything points to a low of some importance today or tomorrow, Friday at the latest. Right now I'm getting a bit nervous playing the short side but will follow my systems analysis.
For those of you who thought you missed your buying opportunity yesterday, you'll get another chance today (not that I am recommending that you should
)Might work out.
As I mentioned on another thread >>>>> http://www.bobistheoilguy.com/forums/ubbthreads.php?ubb=showflat&Number=1065182#Post1065182
"We might be very near a s/t low now, should set an IT low within a week or so."
Everything points to a low of some importance today or tomorrow, Friday at the latest. Right now I'm getting a bit nervous playing the short side but will follow my systems analysis.
Thanks cmhj.
TMA is up .80$ this AM. Truly a sweet spot....
TMA is up .80$ this AM. Truly a sweet spot....
Originally Posted By: Pablo
TMA is up .80$ this AM. Truly a sweet spot....
Up $.91 at the moment.. YES!
TMA is up .80$ this AM. Truly a sweet spot....
Up $.91 at the moment.. YES!
TMA Up $1.57. I may take some out.....wow!
Originally Posted By: VeeDubb
Looks like the European Central Bank gave the U.S. Fed the finger by announcing that they will not be lowering interest rates and that they will stick to their mandate which is to combat inflation.
Euro markets are tumbling and U.S. Futures are down. For those of you who thought you missed your buying opportunity yesterday, you'll get another chance today (not that I am recommending that you should)
There's talk now that the ECB will cut rates tomorrow.
Looks like the European Central Bank gave the U.S. Fed the finger by announcing that they will not be lowering interest rates and that they will stick to their mandate which is to combat inflation.
Euro markets are tumbling and U.S. Futures are down. For those of you who thought you missed your buying opportunity yesterday, you'll get another chance today (not that I am recommending that you should
)There's talk now that the ECB will cut rates tomorrow.
Where are all the chicken little sky is falling great depression is coming folks today!!!
Originally Posted By: Pablo
TMA Up $1.57. I may take some out.....wow!
Sold 500@$2+ Nice score.
TMA Up $1.57. I may take some out.....wow!
Sold 500@$2+ Nice score.
I'm looking at EMC and FRO. Will see what it looks like tomorrow. I'm not quite ready to buy yet. See what happens tomorrow...
Definitely a pleasant surprise today. But I'm still nervous because there is still a ton of uncertainty out there. Not only that, we've had three completely unpredictable policy shocks in the last two days that have bounced the market around like a pin ball. A .75 cut, followed by a firm "no-cut" declaration, followed by an announcement of a government bailout of bond insurers. The next question is what will the Fed do at their next meeting? If the market goes up the next few days, that reduces the likelihood of another sizeable cut so the market may dip again. If the markets tank again, then a big cut is more likely. I guess I'll be entering the market slowly and in small chunks.
But if this is indeed the start of a bull, there are going to be some serious double digit returns to offset the inflation that will be coming from all the rate cuts; i.e. another asset bubble.
But if this is indeed the start of a bull, there are going to be some serious double digit returns to offset the inflation that will be coming from all the rate cuts; i.e. another asset bubble.
This big news of this morning is that the government orchestrated bailout of bond insurers is far from a done deal. From the WSJ:
"A banker who attended the bailout discussions, between investment banks and New York Insurance Superintendent Eric Dinallo, said they were "very preliminary.""
Why should this matter? Because yesterday, the market recovered because they thought that the bond insurers were getting bailed out. Hence, the "default premium" that shocked financial stocks downward instantly disappeared because everyone thought the risk of any major bank's shares going to zero was eliminated. But if this deal falls through, that default premium will reappear again. So make small bets right now and not big bets until this deal is done.
"A banker who attended the bailout discussions, between investment banks and New York Insurance Superintendent Eric Dinallo, said they were "very preliminary.""
Why should this matter? Because yesterday, the market recovered because they thought that the bond insurers were getting bailed out. Hence, the "default premium" that shocked financial stocks downward instantly disappeared because everyone thought the risk of any major bank's shares going to zero was eliminated. But if this deal falls through, that default premium will reappear again. So make small bets right now and not big bets until this deal is done.
Originally Posted By: tpitcher
If people are losing their jobs.....
I guess the keyword here is IF.... Jobless Claims fall again
Who is trying to talk us into something that isn't???
If people are losing their jobs.....
I guess the keyword here is IF.... Jobless Claims fall again
Who is trying to talk us into something that isn't???
True, but it's just a snapshot in time. I lost mine.
People will most likely be trying to pay off their debts and a good way may be to sell their stuff on Ebay. I may be wrong. It'll take a while for that to be realized on their books anyway.
We should bookmark this date & time, then re-visit it in the upcoming weeks & months........
Now it's 25.80
People will most likely be trying to pay off their debts and a good way may be to sell their stuff on Ebay. I may be wrong. It'll take a while for that to be realized on their books anyway.
We should bookmark this date & time, then re-visit it in the upcoming weeks & months........
Now it's 25.80
Ouch. Sorry. BTDT. I just dislike the whole "talk ourselves into _________ economic conditions" - especially from the pop press.
Yeah let's watch eBay. How have earnings and earnings growth been?
Yeah let's watch eBay. How have earnings and earnings growth been?
ebay = 26.95
TMA = too high, already sold
TMA = too high, already sold
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