DrStool Posted November 23, 2007 Report Share Posted November 23, 2007 Shorts got a little nervous there on Friday. All rallies start with a short covering panic. Whether they amount to anything or not depends on whether the bulls come back. Link to comment Share on other sites More sharing options...
elh Posted November 23, 2007 Report Share Posted November 23, 2007 Doc, Can you comment on Russ's observations about the Fed's loose TOMO since May? Link to comment Share on other sites More sharing options...
Speakeasy Posted November 23, 2007 Report Share Posted November 23, 2007 I, for one, am relieved that the credit crisis is over and the resilient consumer is going to give us a huge xmas shopping spree to save the eCONomy. Link to comment Share on other sites More sharing options...
Slappy Posted November 23, 2007 Report Share Posted November 23, 2007 From IDS... Notes to self Dow theory sell - go long SPX goes to 0 for year - go long Holiday Hillbillies - go long anything else I can add? 627289[/snapback] Now, just behave yourselves while I'm out. Run up gold, the miners, and get the Canroys turned around. Then when I get back We'll sell all that and reload for the big Dec turn date. Let's synchronize our watches Link to comment Share on other sites More sharing options...
Drano Posted November 23, 2007 Report Share Posted November 23, 2007 Notes to self Dow theory sell - go long SPX goes to 0 for year - go long Holiday Hillbillies - go long anything else I can add? 627289[/snapback] BIDU down in the red the second half of the session.... GO LONG for the 2 point last second assblasst. Link to comment Share on other sites More sharing options...
Drano Posted November 23, 2007 Report Share Posted November 23, 2007 Think I'll go bottomfish at CostCo now. I want to see what kind of business they're doing. One thing that strikes me is that people are talking about how things like the Tanger Outlet malls are doing a great business this year, much better than previous years. Maybe that's because people are trying to save money by shopping at places like that, instead of paying retail (puke puke) as they did when they felt rich? Link to comment Share on other sites More sharing options...
DrStool Posted November 23, 2007 Author Report Share Posted November 23, 2007 Doc, Can you comment on Russ's observations about the Fed's loose TOMO since May? 627290[/snapback] The Fed has been anything but loose. The Fed retired $10 billion in 4 week repos in August, replacing them with the new 7 day repos that they now do each week. That accounts for most of the difference. Permanent money is high powered money. The repos leave some room for doubt because they are only around for a couple of days. The Fed withdrew $10 billion over the last 5 days. So far this month they have cut total holdings by $1 billion. Link to comment Share on other sites More sharing options...
elh Posted November 23, 2007 Report Share Posted November 23, 2007 About to do some more field research shortly at the stores. Thanks Doc for your insightful answers on IDS and M2M. Will let you guys know what I see, although my sample size will be small. Can't do department stores, malls, or ladies/teen type stores. Every man has his limits. Link to comment Share on other sites More sharing options...
Slappy Posted November 23, 2007 Report Share Posted November 23, 2007 About to do some more field research shortly at the stores. Thanks Doc for your insightful answers on IDS and M2M. Will let you guys know what I see, although my sample size will be small. Can't do department stores, malls, or ladies/teen type stores. Every man has his limits. 627298[/snapback] Well, then maybe could you just sit outside Victoria's Secret with binoculars? pic source Link to comment Share on other sites More sharing options...
Drano Posted November 23, 2007 Report Share Posted November 23, 2007 About to do some more field research shortly at the stores. Thanks Doc for your insightful answers on IDS and M2M. Will let you guys know what I see, although my sample size will be small. Can't do department stores, malls, or ladies/teen type stores.? Every man has his limits. 627298[/snapback] Well, then maybe could you just sit outside Victoria's Secret with binoculars? 627299[/snapback] Judging from the size of those muscles, SOMEONE's been doing a lot of watching.... Link to comment Share on other sites More sharing options...
Benny Hoo Hoo Posted November 23, 2007 Report Share Posted November 23, 2007 I, for one, am relieved that the credit crisis is over and the resilient consumer is going to give us a huge xmas shopping spree to save the eCONomy. 627291[/snapback] Yes, thank God for those patriotic consumers doing their part! Link to comment Share on other sites More sharing options...
prancing_cow Posted November 23, 2007 Report Share Posted November 23, 2007 I did not read whole IDS, so I do not know whether anybody mentioned that most of the retailer fell from their heights at the end of the session. Link to comment Share on other sites More sharing options...
potatohead Posted November 23, 2007 Report Share Posted November 23, 2007 DJ ECB To Add More Liquidity To Money Markets Next Week - FT Amid renewed fears that liquidity in the credit markets is starting to dry up, the European Central Bank announced late Friday that it would pump more funds into the money markets next week, the Financial Times reported on its Web site. The bank said Friday night it would inject an unspecified amount of extra liquidity next week, noting "re-emerging tensions," and would do so until at least the end of the year, the FT reported. Earlier Friday, ECB President Jean-Claude Trichet vowed continuing action to keep short-term money market interest rates in line with its main policy rate, according to the FT report. Link to comment Share on other sites More sharing options...
elh Posted November 23, 2007 Report Share Posted November 23, 2007 Got back from Best Buy. One of the smaller stores. They had racked up promotional items in these islands along the aisles - deeply discounted stuff for the early bird shoppers. Last year, this stuff was gone within the first hour. I got there at 11 AM today, 6 hours past their store opening. Lots of these promotional items were still available. It's an absolute disaster. Link to comment Share on other sites More sharing options...
prancing_cow Posted November 23, 2007 Report Share Posted November 23, 2007 Got back from Best Buy. One of the smaller stores. They had racked up promotional items in these islands along the aisles - deeply discounted stuff for the early bird shoppers. Last year, this stuff was gone within the first hour. I got there at 11 AM today, 6 hours past their store opening. Lots of these promotional items were still available. It's an absolute disaster. 627307[/snapback] Perhaps today it was the last chance to prop the retailers stock price. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.