Jorma Posted August 14, 2009 Report Share Posted August 14, 2009 What does the economy have to do with the market? What does FOX have to do with news? Link to comment Share on other sites More sharing options...
jickiss Posted August 14, 2009 Report Share Posted August 14, 2009 jickiss is back! jickiss is back! and now it requires an examination of the Idea that Mish brought up; namely, that as long as the credit markets continue to demand smaller spreads over benchmarks for pooper, well, why sell equities? let's thimk a bit. so there is liquidity out there, and the best proof is that the Kalifornicate chits are not being offered at a discount. this is intersting. they bear a positive yield, of course, and the great golden hope is that bonds get sold and the chits get paid off early. of course, this would just be another jelly roll. Come on, NO DEBT can really be paid back now, Roll Roll, Roll is the key. They just keep rolling along, and all be fine....no????? to your jickiss, a key fibo is met there at the 1010 zone, MACD 5,40,11 and 3,16,6 do not show real confirms of the move up off the bottom, MACD 37,39,38 might get Soros excited, but, to tell it like it is, the cross is in Negative Land, and it looks like an induced Short covering move. Soros is on the same Payroll as is Mr. Robert Prechter. 1010 is too risky to buy. hence, all buyers now should be ware of the BEAR. jickiss!!!!!!! the following "so fistaked" chart will give pause to Mr. Soros, but he talks his own Sheets, like everybody else, no? (your jickiss loves, by the way, AUY Yamana....see, All are Guilty!!!!!!!) Link to comment Share on other sites More sharing options...
jickiss Posted August 14, 2009 Report Share Posted August 14, 2009 jickiss is back! jickiss is back! AUY: Link to comment Share on other sites More sharing options...
Charmin Posted August 14, 2009 Report Share Posted August 14, 2009 Funny how CAT highs have been hanging around $48 for about 8 days. Hey look at me, I'm waiting for more bulls. http://www.StockSharePublishing.com/ChartL..._1250212619.png Link to comment Share on other sites More sharing options...
jickiss Posted August 14, 2009 Report Share Posted August 14, 2009 jickiss is back! jickiss is back! and yes, Charmin, that CAT has lost some Spring. Link to comment Share on other sites More sharing options...
mdporter Posted August 14, 2009 Report Share Posted August 14, 2009 Beat me over the head with bullishness so I remain so silly I won't know what hit me. Now I know it's a new bubble - the jobless recovery bubble. "In an interview yesterday billionaire George Soros said, "the economy has actually bottomed and I think we are facing a positive quarter, and I think that is largely due to the stimulus." You may hate Soros. If you are a hardcore Republican and watch FOX News then you know he helped fund Obama's race for the White House and gives money to liberal causes. But whatever you may feel about him he is one of the most successful investors of the past fifty years. He started with nothing and became a billionaire by playing the commodities boom in the 1970's, investing in foreign markets, and by betting against the pound. A year and a half ago he shorted bank stocks and warned everyone of the coming stock market crash. His track record when it comes to investments is undeniable and it is because of that fact I bring his comments to your attention. He now joins the list of Marc Faber and Jim Rogers who think this upswing in the market will continue. Yes it may be a very weak recovery. Most likely a "jobless" recovery. It is a recovery not fueled by real economic growth, but by government spending and bailout. It will probably end in another mess. But it should last for a year or so and end with much higher stock prices then what you are seeing now." http://www.wallstreetwindow.com/content/node/11328 Hah... The last recovery was proven to be "jobless" and this one will be too. You can't have a real recovery without new job creation. Now that we have lost so many jobs (with many more to come), someone will have to be creating jobs at an unbelievable rate. Who is going to be able to do that? And how is it that there are "signs" of a bottom when government tax revenue continues to fall every month? That's a near-realtime indicator. Link to comment Share on other sites More sharing options...
brianbenson Posted August 14, 2009 Report Share Posted August 14, 2009 Will there be a podcast today? Link to comment Share on other sites More sharing options...
quanta Posted August 14, 2009 Report Share Posted August 14, 2009 RBS uber-bear issues fresh alert on global stock marketsThree-month slide could hit record lows, Royal Bank of Scotland chief credit strategist Bob Janjuah predicts. Other than the Blah Blah Blah headline, there are some real zingers in this short article. Worth reading... Link to comment Share on other sites More sharing options...
Charmin Posted August 14, 2009 Report Share Posted August 14, 2009 Hah... The last recovery was proven to be "jobless" and this one will be too. You can't have a real recovery without new job creation. Now that we have lost so many jobs (with many more to come), someone will have to be creating jobs at an unbelievable rate. Who is going to be able to do that? And how is it that there are "signs" of a bottom when government tax revenue continues to fall every month? That's a near-realtime indicator. But you can have a new bubble in stocks each time there is a jobless uncovery. Wherever the criminals want to pour their money into - there will be followers. The only indicator I see is that the government is willing to make up the shortfall with fresh cash and throw it at whomever they please. Link to comment Share on other sites More sharing options...
Charmin Posted August 14, 2009 Report Share Posted August 14, 2009 so far it appears that profit taking is beginning to take hold on the shankhigh index - are there any others showing signs of this? Link to comment Share on other sites More sharing options...
Charmin Posted August 14, 2009 Report Share Posted August 14, 2009 Ok, so now we all get it: "We are in a consumer-less, revenue-less, jobless, home equity-less, savings-less, tax revenue-less V-shaped recovery" http://esecfutures.com/ Link to comment Share on other sites More sharing options...
DrStool Posted August 14, 2009 Author Report Share Posted August 14, 2009 Radio Free Wall Street 8/13/09Lee Adler, Aaron Krowne, and Russ Winter discuss the government bubble, the “leveling out” of the economy, the Fed morphine drip, and a stock market trend built on a false premise. Not a subscriber? Click here to hear a free preview. Listen to any podcast prior to April 22, 2009. Click here for archive. Be surprised! Also, a rare opportunity to hear the July 17, 2009 podcast in its entirety for free. To subscribe and hear this podcast right now, click here! Radio Free Wall Street Podcast 8/13/09 [49:11m]: Play Now | Play in Popup | Download Subscribers only. Enter your login when prompted. Link to comment Share on other sites More sharing options...
Charmin Posted August 14, 2009 Report Share Posted August 14, 2009 We need to gap down and hold it tomorrow so we don't make a new weekly higher high on the DIA, Q's and SPY. Throw that bone at some bulls. Link to comment Share on other sites More sharing options...
DrStool Posted August 14, 2009 Author Report Share Posted August 14, 2009 Sorry it took so long to get the podcast and WSE articles posted. I'm back home in Florida visiting with my mom for a few days. The Market Update is being posted now. Link to comment Share on other sites More sharing options...
DrStool Posted August 14, 2009 Author Report Share Posted August 14, 2009 Market Update 8/13/09 by Lee Adler, Thursday, August 13, 2009, in Professional Edition, Today's Markets | Permalink |Comments (0) Edit Cycle based stock screening data was mostly stronger. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information. Link to comment Share on other sites More sharing options...
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