byhiselo Posted May 7, 2009 Report Share Posted May 7, 2009 my mantra is short less, long more until further notice... Link to comment Share on other sites More sharing options...
Jetlag Posted May 7, 2009 Report Share Posted May 7, 2009 Don't know if this will still stick in the morning but right now it's pretty clear there's no rest for the wicked: FAZ 5.67 Change: Up 0.43 (8.24%) After Hours: 5.18 Down -0.49 (-8.67%) 7:36pm ET Link to comment Share on other sites More sharing options...
drwells Posted May 7, 2009 Report Share Posted May 7, 2009 http://www.bloomberg.com/apps/news?pid=206...&refer=home "It’s time to assess your options. Your home may not be a nest egg. You may never recoup your losses from the dot-com and credit busts in the stock market. For most homeowners, wealth building and retention may depend more on a diversified, inflation-indexed bond portfolio than on real estate." Um, would I be correct in thinking that this advice amounts to taking whatever you have left after 3 guillotinings and buying history's biggest bond bubble (or so I assume from the fact that rates have been driven to 0%, including on I-bonds) ? Link to comment Share on other sites More sharing options...
snorkels4 Posted May 8, 2009 Report Share Posted May 8, 2009 Don't know if this will still stick in the morning but right now it's pretty clear there's no rest for the wicked: FAZ 5.67 Change: Up 0.43 (8.24%) After Hours: 5.18 Down -0.49 (-8.67%) 7:36pm ET no right shoulders for faz Link to comment Share on other sites More sharing options...
Bungster Posted May 8, 2009 Report Share Posted May 8, 2009 no right shoulders for faz I wonder how Sol and Atilla are taking the action? Link to comment Share on other sites More sharing options...
Bungster Posted May 8, 2009 Report Share Posted May 8, 2009 my mantra is short less, long more until further notice... Kinda reminds me of a German Shepard next to a Chihuahua.... Link to comment Share on other sites More sharing options...
K Wave Rider Posted May 8, 2009 Report Share Posted May 8, 2009 Couple of guys who have very good track record calling IT swings over at TT pretty much in agreement with me...one more down day, and this thing starts to roll.... big day tomorrow..... Link to comment Share on other sites More sharing options...
K Wave Rider Posted May 8, 2009 Report Share Posted May 8, 2009 SPX came within slobbering distance of 10 Month MA today..... Link to comment Share on other sites More sharing options...
capitall Posted May 8, 2009 Report Share Posted May 8, 2009 Couple of guys who have very good track record calling IT swings over at TT pretty much in agreement with me...one more down day, and this thing starts to roll.... big day tomorrow..... TT? Link to comment Share on other sites More sharing options...
K Wave Rider Posted May 8, 2009 Report Share Posted May 8, 2009 TT? Trader's Talk Link to comment Share on other sites More sharing options...
capitall Posted May 8, 2009 Report Share Posted May 8, 2009 Trader's Talk Thanks, KW. Wow, when you put up a long-term chart like that last spaghetti one, it sure gives a different perspective on where we are, than the persepctive you get just based on the recent action. Link to comment Share on other sites More sharing options...
snorkels4 Posted May 8, 2009 Report Share Posted May 8, 2009 SPX came within slobbering distance of 10 Month MA today..... so, the fed ran out of bullets or their dealers have all their shorts lined up for the next extraction process from our collective pockets Link to comment Share on other sites More sharing options...
snorkels4 Posted May 8, 2009 Report Share Posted May 8, 2009 why drop now? andno right shoulder for faz krooks Non-borrowed reserves of Fed banks, EXPLODING! $323B total reserves ready to be lent; http://www.federalreserve.gov/releases/h3/hist/h3hist2.txt Now that the bad assets cleaned up from the banks, or somehow vanished, the banking earnings will continue to explode! No other company can match the banking earnings until the inflation soars; (1) IF they screw up, it is ok the tax dollars will buy the bad assets, (2) They are essentially given free money to sell for a profit... I want to start up a bank. http://www.traders-talk.com/mb2/index.php?showtopic=105387 ////////////////////////////////// ALREADY COOKED IN? Link to comment Share on other sites More sharing options...
K Wave Rider Posted May 8, 2009 Report Share Posted May 8, 2009 4th day now OZ has been fuzting around with the 10 month MA, and making no further headway... Link to comment Share on other sites More sharing options...
Jorma Posted May 8, 2009 Report Share Posted May 8, 2009 My vote for Cramer's replacement. Link to comment Share on other sites More sharing options...
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