Drano Posted September 28, 2007 Report Share Posted September 28, 2007 Once again, an inconclusive close. I have asked some noted market commentators to give us their opinions, but so far they've declined. Link to comment Share on other sites More sharing options...
4shzl Posted September 28, 2007 Report Share Posted September 28, 2007 Commodities Post Biggest Monthly Gain in 32 Years Good thing there's a steady hand on the tiller: Link to comment Share on other sites More sharing options...
4shzl Posted September 28, 2007 Report Share Posted September 28, 2007 Great minds are obviously in synch about the appropriate imagery for this week's action. Link to comment Share on other sites More sharing options...
Drano Posted September 28, 2007 Author Report Share Posted September 28, 2007 We didn't close that far off the lows. Therefore my guess is that the usual pattern holds and Monday is gap up. Any takers? Link to comment Share on other sites More sharing options...
Bungster Posted September 28, 2007 Report Share Posted September 28, 2007 Once again, an inconclusive close. I have asked some noted market commentators to give us their opinions, but so far they've declined. 611502[/snapback] My understanding is that Cramer is still bullish..... BOOYA! Link to comment Share on other sites More sharing options...
Drano Posted September 28, 2007 Author Report Share Posted September 28, 2007 Once again, an inconclusive close. I have asked some noted market commentators to give us their opinions, but so far they've declined. 611502[/snapback] My understanding is that Cramer is still bullish..... BOOYA! 611507[/snapback] Ah, but what about Carl Futia? And lest we forget, no significant downmove can come until Abbey Jo appears on TV to tell us that the SPX is undervalued by 20%. Link to comment Share on other sites More sharing options...
Bungster Posted September 28, 2007 Report Share Posted September 28, 2007 Here is a chart of $CPC.....I think it is showing we are getting close to a top...but not quite yet.....not a time to be adding new postions... Link to comment Share on other sites More sharing options...
Schonthaler Posted September 28, 2007 Report Share Posted September 28, 2007 The money flow charts from today on fxi and eem took a huge dive which was not nearly as reflective in the price action. Also, several material etf's made an early week high, pulled back during mid week, made a new run at the high today, but failed and failed measurably. Melissa Lee of Crapvision commented several times this week (she works on the NYSE floor) and Melissa is not prone to high-drama statements, but she went out of her way to comment on how unusual for end of week, month and quarter to have such low volume over several days. Do the stats confirm her records? She is pretty sharp. But then again I am easily fooled by a pretty face. Other less important indicators can also be found beneath the surface that are not so reassuring? Such as the vix movement on low volume and the confined point movement within the indexes? We also had several news noise events that were bogus like in Feb and July. One news event that was not bogus, but supports the theory of a potential end to a major cycle movement was in this article: Link to article We have several economic reports next week, that if bullish, could change the outlook for an October rate cut? We have ISM and three job reports, two of which are non-guberment. If more fake jobs are created then this would be a blow to the rate cut crowd? Maybe a very interesting week ahead? Link to comment Share on other sites More sharing options...
Schonthaler Posted September 28, 2007 Report Share Posted September 28, 2007 The ECB has their rate decision early next week. It will be very telling if they are still more worried about inflation over growth. If they don't cut rates, it might highlight a unique divergence, which should tend to attract or retain capital within the EU. Meaning the dollar may fall further? If the ECB does not cut rates, it could compound the effect of the US rate cut and may excellerate a capital flight to safety? As a diversified store of value, the euro may be the next best thing to PM's, and it is much more liquid? Nice info, but probably not very useful. Link to comment Share on other sites More sharing options...
shorty Posted September 28, 2007 Report Share Posted September 28, 2007 "core consumer price inflation rose 0.1% in August" what a bunch of liars it's always 0.1% why even bother to put out those bogus reports everyone knows they always lie Link to comment Share on other sites More sharing options...
shorty Posted September 28, 2007 Report Share Posted September 28, 2007 China hikes mortgage interest rates, down payments anal cysts said the move should effectively boost mortgage rates to 10%. Purchasers of these properties will also have to pay a larger percentage of a property's value up front. The minimum down payment for second-homes will rise to at least 40%, up from 30% previously. The report also said buyers of commercial property will have to pay at least 50% of a property's value as a down payment. The down payment for people buying only one home would remain unchanged at 20% for dwellings under 90 square meters and 30% for larger homes, the report said. Link to comment Share on other sites More sharing options...
Bungster Posted September 28, 2007 Report Share Posted September 28, 2007 "core consumer price inflation rose 0.1% in August" what a bunch of liars it's always 0.1% why even bother to put out those bogus reports everyone knows they always lie 611513[/snapback] Just wait until they lower the core number from 0.1 to 0.05%..... Link to comment Share on other sites More sharing options...
Schonthaler Posted September 28, 2007 Report Share Posted September 28, 2007 "core consumer price inflation rose 0.1% in August" what a bunch of liars it's always 0.1% why even bother to put out those bogus reports everyone knows they always lie 611513[/snapback] *********************** Shorty as always you get right to the point. And you are so very correct as the data is very supportive of rising prices in many pocket book areas. In other words, things that people must buy every day are rising. Nondiscretionary items are very much in a uptrend. Although commodity prices MAY BE (stresing may) topping out, the feed through of these elevated commodity prices can persist for years, long after the economy has entered a slow down or even recession. In which case we should see a major case of stagflation, but with asset price deflation (such as equities, homes, and land) this would be the worst of all scenarios. This would be: Stagflation for non-discretionary and Asset-Deflation for discretionary. The last time we saw this divergence was just before the depression. Link to comment Share on other sites More sharing options...
DrStool Posted September 28, 2007 Report Share Posted September 28, 2007 BOO! Guess who! We are in our new Florida home for this season (rented of course), and the internet connection is up and working, but it will take us most of the weekend to get fully up and running. Lots more equipment to set up, data to update, and a Doc that needs to get up to speed on the latest developments. I hope all is well with everyone. I'll see you a little later this weekend. Ciao! Link to comment Share on other sites More sharing options...
4shzl Posted September 28, 2007 Report Share Posted September 28, 2007 Global golf clap for Greenspew, Benny, Dubya, HankyPanky, et. al. Link to comment Share on other sites More sharing options...
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