wndysrf Posted October 13, 2006 Author Report Share Posted October 13, 2006 More new, all-time, lifetime highs in the REITs Link to comment Share on other sites More sharing options...
wndysrf Posted October 13, 2006 Author Report Share Posted October 13, 2006 "Well Jeem, I'm still short, as we have non-confirmations all over the place and my cycle work says the 4-year top should have occurred 9 months ago." Link to comment Share on other sites More sharing options...
wndysrf Posted October 13, 2006 Author Report Share Posted October 13, 2006 "I just look at the market and laugh, because I do not believe stocks represent good value. I'll just piddle in my garden, clip coupons on my T-Bills, stare at my beautiful gold coin collection, and enjoy my $3,000,000 free and clear house in beautiful LaJolla." Link to comment Share on other sites More sharing options...
BusKow Posted October 13, 2006 Report Share Posted October 13, 2006 Groups of the day. Link to comment Share on other sites More sharing options...
BusKow Posted October 13, 2006 Report Share Posted October 13, 2006 Groups of the week. Link to comment Share on other sites More sharing options...
BusKow Posted October 13, 2006 Report Share Posted October 13, 2006 Groups of the month. Link to comment Share on other sites More sharing options...
crazy_ate Posted October 13, 2006 Report Share Posted October 13, 2006 The earlier GS charts got me a little pissed until I realiized that this thing has been dead money for several years Link to comment Share on other sites More sharing options...
wndysrf Posted October 13, 2006 Author Report Share Posted October 13, 2006 Materials Link to comment Share on other sites More sharing options...
crazy_ate Posted October 13, 2006 Report Share Posted October 13, 2006 As one bear put it: The economic news is BAD: Real estate bust. Consumer debt out of control. Government spending out of control. Government debt simply unpayable. Zero household savings. A hollowed-out American economy. An aging population. Baby boomers on the cusp of retirement. Etc. You know the story. How can the market go up in the face of all this bad news? I sympathize completely. However, the bulls look at a much smaller slice of the pie: Interest rates are coming down, oil prices are coming down, the trend in stocks is up. Easy 1-2-3: buy stocks! It is a no-brainer. New highs? Buy more! This has been an effective strategy for the past quarter century, and this strategy looks like it'll continue to work for at least a little while longer. Plus, they'll never let this thing crash before the election! Link here <------ Link to comment Share on other sites More sharing options...
wndysrf Posted October 13, 2006 Author Report Share Posted October 13, 2006 The economic news is BAD: Real estate bust. Consumer debt out of control. Government spending out of control. Government debt simply unpayable. Zero household savings. A hollowed-out American economy. An aging population. Baby boomers on the cusp of retirement. Etc. You know the story. How can the market go up in the face of all this bad news? Link here <------ <{POST_SNAPBACK}> Why are stocks going up? Reason No. 1: Total credit market debt + money supply + liquidity, etc. going up parabolic Reason No. 2: Most of this "new money" is being levered to short the market due to the "funny-mentals" mentioned above, thereby creating sustained high put/call readings, record Public/Specialist short ratios, and record low Rydex Ratios. Record amount of liquidity, new money, etc. combined with record short interest = Bull Market powered by market internals. Link to comment Share on other sites More sharing options...
The End Posted October 13, 2006 Report Share Posted October 13, 2006 Does anyone have the current % of cash that are in equity only mutual funds? It must be at a record % low. Link to comment Share on other sites More sharing options...
The End Posted October 13, 2006 Report Share Posted October 13, 2006 How can a Guy who is almost always wrong continue to sound so confident? http://www.safehaven.com/article-6090.htm Link to comment Share on other sites More sharing options...
Peek Paper Posted October 13, 2006 Report Share Posted October 13, 2006 Bulls have nothing to worry about. Lost in the fundamentals this week is the fact that the US was threatened with a nuke launch by the new kid on the nuke block - demurely conducted with utmost environmental sensitivy so that no stray radioisoptopes were released into the environment. 70 pts of Dow Terror were bought back instantaneously before the UFO was identified as friend or foe. Crappy economic data and the threat of a rate hike. Demo takeover of CONgress increasingly likely. And Y3K is a long way off... THE MARKET IS UNFAZZABLE. If the weekend designated hitters (Abelson, Shtinker, etc.) do their part, Monday will see Dow 12K. The Boyz are throwing out some mighty tempting bait these days. Link to comment Share on other sites More sharing options...
The End Posted October 13, 2006 Report Share Posted October 13, 2006 Bulls have nothing to worry about. Lost in the fundamentals this week is the fact that the US was threatened with a nuke launch by the new kid on the nuke block - demurely conducted with utmost environmental sensitivy so that no stray radioisoptopes were released into the environment. 70 pts of Dow Terror were bought back instantaneously before the UFO was identified as friend or foe. Crappy economic data and the threat of a rate hike. Demo takeover of CONgress increasingly likely. And Y3K is a long way off... THE MARKET IS UNFAZZABLE. If the weekend designated hitters (Abelson, Shtinker, etc.) do their part, Monday will see Dow 12K. The Boyz are throwing out some mighty tempting bait these days. <{POST_SNAPBACK}> Best post of this thread so far. Link to comment Share on other sites More sharing options...
wndysrf Posted October 13, 2006 Author Report Share Posted October 13, 2006 Does anyone have the current % of cash that are in equity only mutual funds? It must be at a record % low. <{POST_SNAPBACK}> Out of the 9000 HedgeFunds, how many are short? In which sectors? With how much leverage? That's the bigger question. Its the Prop Desks vs. the Black Boxes at the HedgeFunds. Mutual Funds are already fully invested. They are simply rotating the jello around to different sectors. The market is going up because too many HedgeFunds are short. Tzu gave us a link to Amaranth's biggest holdings. I remember them being heavily short these: Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.