Jetlag Posted October 9, 2008 Report Share Posted October 9, 2008 AAII Sentiment show 60.84% Bears... highest reading since Oct 1990. 697779[/snapback] Yeah, but bullz are too high and Bears have been above 50% for a long time and it wasn't contrary. Link to comment Share on other sites More sharing options...
TURK Posted October 9, 2008 Report Share Posted October 9, 2008 Looks like gold headed for $875...first stop. Link to comment Share on other sites More sharing options...
Jetlag Posted October 9, 2008 Report Share Posted October 9, 2008 The sectors that looked the best prey for short sellers after they banned finanglers short selling were Energy and Basic Resources. They came down - A LOT - thimk they'll remove some of those to pile back in against finanglers? Just my 2cts of WAG. Link to comment Share on other sites More sharing options...
K Wave Rider Posted October 9, 2008 Report Share Posted October 9, 2008 Bears may be outta gas..... Link to comment Share on other sites More sharing options...
K Wave Rider Posted October 9, 2008 Report Share Posted October 9, 2008 Long from 998, stop 995 Link to comment Share on other sites More sharing options...
K Wave Rider Posted October 9, 2008 Report Share Posted October 9, 2008 trannies above yesterday high Link to comment Share on other sites More sharing options...
4shzl Posted October 9, 2008 Report Share Posted October 9, 2008 Adding a few of Russ's dogs to my kennel. Bot GAP @ 7.07 on the open. Link to comment Share on other sites More sharing options...
DrStool Posted October 9, 2008 Report Share Posted October 9, 2008 Doc,just studying your reports WRT US doolars, your take is the the US is/will be debasing the USD. When that occurs (already starting IMO) then prices go up...especially WRT imported goods. Also you make the point that when the rest of the world realizes that we will never be able to pay our debt then the USD tanks even faster. This leads me to the conclusion that (depending on the rate of printing of USD's) that we may/probably have hyperinflation. I know my timeframe is much longer that most on this board but I really want to understand the implications of the above. Can you express your opinion on this? Tanks 697776[/snapback] I can't recall writing that, but I write a lot of stuff. I just don't think that I wrote that. I'm pretty sure I didn't. Is this an inference that you drew? If you draw inferences from my analysis based on your own thinking, that's ok, but I need to be clear on whether that's what you are doing, or if something I wrote actually said that. So just to be clear, I have no opinion on the dollar other than what I expressed in the latest dollar index report. I don't want anyone, subscribers or non-subscribers, to get the impression that that I expect the dollar to be weak at any time or strong at any time beyond what I wrote the Dollar Index report. And I sincerely do not know, given the Fed and Treasury's recent actions, what the impact will be on price levels of goods. There are simply too many variables in this equation. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted October 9, 2008 Report Share Posted October 9, 2008 IBM losing it. Link to comment Share on other sites More sharing options...
Lemur Posted October 9, 2008 Report Share Posted October 9, 2008 EWZ looks like it wants your 50'ish target today Suds. Great call. Link to comment Share on other sites More sharing options...
Scully Posted October 9, 2008 Report Share Posted October 9, 2008 Well, per my post yesterday in M2M I jumped in with a short by purchasing SDS shortly after the open. Immediately after which, the SPX jumped about 1%. Sigh. Stops are in place, waiting to see what happens today. Link to comment Share on other sites More sharing options...
K Wave Rider Posted October 9, 2008 Report Share Posted October 9, 2008 out at 999 market cant make up its mind yet.... Link to comment Share on other sites More sharing options...
ChicagoBear Posted October 9, 2008 Report Share Posted October 9, 2008 Unreal! Snippets: WASHINGTON - Days after it got a federal bailout, American International Group Inc. spent $440,000 on a posh California retreat for its executives, complete with spa treatments, banquets and golf outings, according to lawmakers investigating the company's meltdown. The resort tab included $23,380 worth of spa treatments for AIG employees, "Average Americans are suffering economically. They're losing their jobs, their homes and their health insurance," the committee's chairman, Rep. Henry Waxman, D-Calif., scolded the company during a lengthy opening statement at a hearing Tuesday. "Yet less than one week after the taxpayers rescued AIG, company executives could be found wining and dining at one of the most exclusive resorts in the nation." "Those executives should be fired," Democratic presidential candidate Sen. Barack Obama said http://news.yahoo.com/s/ap/20081008/ap_on_bi_ge/meltdown_aig Link to comment Share on other sites More sharing options...
K Wave Rider Posted October 9, 2008 Report Share Posted October 9, 2008 There goes the ES swing low....wash still a possibility Link to comment Share on other sites More sharing options...
TURK Posted October 9, 2008 Report Share Posted October 9, 2008 I can't recall writing that, but I write a lot of stuff. I just don't think that I wrote that. I'm pretty sure I didn't. Is this an inference that you drew? If you draw inferences from my analysis based on your own thinking, that's ok, but I need to be clear on whether that's what you are doing, or if something I wrote actually said that. So just to be clear, I have no opinion on the dollar other than what I expressed in the latest dollar index report. I don't want anyone, subscribers or non-subscribers, to get the impression that that I expect the dollar to be weak at any time or strong at any time beyond what I wrote the Dollar Index report. And I sincerely do not know, given the Fed and Treasury's recent actions, what the impact will be on price levels of goods. There are simply too many variables in this equation. 697791[/snapback] This is a quote from your 10/8 Fed report: Digesting the rapid changes in the rules of the game becomes more challenging each day. The Fed is obviously now debasing the currency, but to what effect? Link to comment Share on other sites More sharing options...
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