Investors....come in please!

[Pablo]

Originally Posted By: Pablo

What's up with CCSC? Finally setting a bumpy bottom? No volume now.


Did any of you hounds buy yet??

 

[Turk]

Oh boy.

Tread lightly, me thinks.

 

[Warstud]

If this cycle I'm watching is right again, thursday is the last day of this uptrend. It's been dead on all month. GL

 

[Tempest]

Quote:
“As a company we’ve been through a lot of challenges,” said Denahan-Norris, 48, who last week was named co-CEO of Annaly (ANLY), the largest. “Having such a large non-economic competitor is certainly posing a unique set of challenges.”

Quote:
“It’s not just at the mortgage REITs where the returns in this market are being put under assault,” New York-based Annaly’s Denahan-Norris said yesterday in a telephone interview. “It’s the general global landscape where you have an incredible mispricing of risk that’s being delivered at the hands of academics at the central banks of the world.”

http://www.bloomberg.com/news/2012-10-16...-mortgages.html

Yikes!

 

[Indydriver]

Ruh-Roh!

GOOG earnings released early...

BIG miss, stock down 9% and halted..

What happened? Is this the catalyst that will finally bring the market down?

 

[Drew99GT]

Originally Posted By: Indydriver

What happened? Is this the catalyst that will finally bring the market down?


http://www.marketwatch.com/story/google-blames-financial-printer-for-report-release-2012-10-18

maybe Apple hacked into RR Donley's system.

 

[Drew99GT]

Looks like the broader market, aka SP 500, potentially made a cycle peak this morning which represents another lower high (2nd now since June 1). Whether that translates into a deeper correction remains to be seen. The thing that ignited the sell off this year and the previous couple years was credit market risk, especially in Europe, and there doesn't seem to be quite as much fear of that yet, although it's starting to show up in the credit markets.

 

[friendly_jacek]

The hard decision I made yesterday to sell miners (GDX -2%) and go short was a good one. I only wish I had shorted goggle (GOOG -9%) instead of financials (XLF essentially flat).

 

[Indydriver]

Originally Posted By: Drew99GT
The thing that ignited the sell off this year and the previous couple years was credit market risk, especially in Europe, and there doesn't seem to be quite as much fear of that yet, although it's starting to show up in the credit markets.

Nothing's changed.

 

[Drew99GT]

Originally Posted By: Warstud
If this cycle I'm watching is right again, thursday is the last day of this uptrend. It's been dead on all month. GL


If the market sells off tomorrow and can't get above today's high (SP500), it looks like you nailed it again.

 

[Turk]

Yea, I sold my Janus Triton today as we're probably frothy. WAS a good fund, but has ben a dog since I owned it.

Sold it for even money. Whew!

 

[JHZR2]

Well lookie there...

 

[friendly_jacek]

Here is my bold prediction: It's a big red day today, media will buzz over the weekend about the 25 anniversary of stock crash (10/19/1987) and we will see major market losses in the next week as bulls panic. Flash crash is not out of possibilities. I will adjust my standing orders for such a possibility.

Full disclosure: 100% short since the last couple of days.

 

[GROUCHO MARX]

Where's uncle Ben to save the day?

 

[Drew99GT]

Originally Posted By: GROUCHO MARX
Where's uncle Ben to save the day?


To quote Michael Gayad, the money manger I referenced here a few times, uncle Ben is pumping $40 billion a month into a world market that's measured in 10s of trillions.

I sure thought precious metals would fair a lot better then they have with unlimited QE. Thank god for stop orders.

 

[GROUCHO MARX]

Drew, does that mean uncle Ben is out of bullets and has shot his load?

 

[Indydriver]

VIXY up 5%......'bout time.

 

[morepwr]

Originally Posted By: Warstud
If this cycle I'm watching is right again, thursday is the last day of this uptrend. It's been dead on all month. GL


good call by looking at today so far.

 

[Drew99GT]

I think they said if further deterioration occurs, they'd start buying long bonds again in addition to MBSs. What the Fed can't do is get the morons in Congress to fix the fiscal cliff issue.

 

[GROUCHO MARX]

Originally Posted By: Drew99GT
I think they said if further deterioration occurs, they'd start buying long bonds again in addition to MBSs. What the Fed can't do is get the morons in Congress to fix the fiscal cliff issue.


Fixing it takes courage. No courage exists in D.C., only checkbooks.