DrStool Posted December 7, 2006 Report Share Posted December 7, 2006 First time in a long time we saw a bull suck in instead of a bear suck in. Sign of things to come? Link to comment Share on other sites More sharing options...
I_Am_Madness Posted December 7, 2006 Report Share Posted December 7, 2006 First time in a long time we saw a bull suck in instead of a bear suck in. Sign of things to come? <{POST_SNAPBACK}> The bear in me couldn't resist. Also shorted LEH at 75.99.... Link to comment Share on other sites More sharing options...
Cassiopeia Posted December 7, 2006 Report Share Posted December 7, 2006 From a T Theory update I posted a few nights ago (from his dec 4th commentary/outlook). His objective was a swing down after mid-week. Characterized as 'sharp'. 60 Minute Dowager and Rusty cit down today never went long - so we ended were we needed to. The 60 minutes still short cit, follow through tomorrow to close the week or shank up? How about that Vix! http://stockcharts.com/h-sc/ui?s=%24vix Link to comment Share on other sites More sharing options...
cwd Posted December 7, 2006 Report Share Posted December 7, 2006 Maybe J6P is tapped out. CONSUMER CREDIT For release at 3 p.m. (Eastern Time) 1 October 2006 December 7, 2006 Consumer credit decreased at an annual rate of 1/2 percent in October, following an upward-revised increase of 5-3/4 percent in the third quarter. In October, an increase in revolving credit was offset by a decrease in nonrevolving credit http://www.federalreserve.gov/releases/g19...ent/default.htm Link to comment Share on other sites More sharing options...
cwd Posted December 7, 2006 Report Share Posted December 7, 2006 Are we near the top in CE? Sounds like the author is a stoolie. An Economic Pillar on the Verge of Collapse By Steven Pearlstein Wednesday, December 6, 2006; Page D01 It's been more than a year since we've heard from those who denied there was a housing bubble. Since then, the industry boosters, along with the "soft-landing" crowd over at the Federal Reserve, have coalesced around the idea that maybe the market got a bit frothy after all, but now the correction is almost complete, the unsold inventory's been worked off and the worst is behind us. http://www.washingtonpost.com/wp-dyn/conte...6120501453.html Link to comment Share on other sites More sharing options...
Yaryman Posted December 7, 2006 Report Share Posted December 7, 2006 Does the guy just make sh*t up?? "Fast forward to Nov. 7, when Toll was finally, clearly dour. After the company warned that fourth-quarter revenue and current-year deliveries would fall short of forecasts, Toll said that he saw no end to the deep slump in homebuilding. Shares were trading at $27. And just Wednesday, Toll said he "now" sees a possible bottom in the housing market. This was a complete flip from his comments of just a month ago. Toll shares have spent the session trading around $32." It didn't even take him a month to see the bottom. Maybe the chart and his options have something to do with his prediction?? Link to comment Share on other sites More sharing options...
FeedFool Posted December 7, 2006 Report Share Posted December 7, 2006 Could be that market need some kind of rest before the next up leg begins Link to comment Share on other sites More sharing options...
Yaryman Posted December 7, 2006 Report Share Posted December 7, 2006 Are we near the top in CE? Sounds like the author is a stoolie. An Economic Pillar on the Verge of Collapse By Steven Pearlstein Wednesday, December 6, 2006; Page D01 It's been more than a year since we've heard from those who denied there was a housing bubble. Since then, the industry boosters, along with the "soft-landing" crowd over at the Federal Reserve, have coalesced around the idea that maybe the market got a bit frothy after all, but now the correction is almost complete, the unsold inventory's been worked off and the worst is behind us. http://www.washingtonpost.com/wp-dyn/conte...6120501453.html <{POST_SNAPBACK}> "But just when you're feeling hopeful again, you get reports like yesterday's Wall Street Journal piece reporting that delinquency rates are suddenly soaring on all those loosey-goosey subprime mortgages." Bad loans are made during good times. If I know that, one would hope those in the lending business would know that. Link to comment Share on other sites More sharing options...
cwd Posted December 7, 2006 Report Share Posted December 7, 2006 Are we near the top in CE? Sounds like the author is a stoolie. An Economic Pillar on the Verge of Collapse By Steven Pearlstein Wednesday, December 6, 2006; Page D01 It's been more than a year since we've heard from those who denied there was a housing bubble. Since then, the industry boosters, along with the "soft-landing" crowd over at the Federal Reserve, have coalesced around the idea that maybe the market got a bit frothy after all, but now the correction is almost complete, the unsold inventory's been worked off and the worst is behind us. http://www.washingtonpost.com/wp-dyn/conte...6120501453.html <{POST_SNAPBACK}> "But just when you're feeling hopeful again, you get reports like yesterday's Wall Street Journal piece reporting that delinquency rates are suddenly soaring on all those loosey-goosey subprime mortgages." Bad loans are made during good times. If I know that, one would hope those in the lending business would know that. <{POST_SNAPBACK}> They know, but they don't care. They are getting paid to make loans. Link to comment Share on other sites More sharing options...
DrStool Posted December 7, 2006 Author Report Share Posted December 7, 2006 Jeepers! That guy sounds like one of us! Link to comment Share on other sites More sharing options...
Tzu Posted December 7, 2006 Report Share Posted December 7, 2006 Feedfool or anyone. Do you know how to put up an intraday chart of the VIX over any indexes such as the QQQQ. I'd like to see the action today side by side etc. Perhaps there is a better comparison than the QQQQ. Good chance they justed topped GS until earnings. Mine as well take it down while people foam out the mouth waiting on earnings. Then gap it down on earnings and McQueen the crap out of it. With all the reverse hammers printing I'm sure we gap down in the morning. Seems the boyz would cover on the open after the premarket gapdown then take the weekend off. I would rather have a great week guaranteed in the books, not risk the u-turn and be set fresh for Monday.... Finally got RIMM down a few% today on a double downgrade. It was funny see all the hosts talking about RIMM this morning and all of them had their own crackberries with them at the time.. I'll go ahead and take profits on the homebuilder calls. Good luck everyone. Link to comment Share on other sites More sharing options...
Cassiopeia Posted December 7, 2006 Report Share Posted December 7, 2006 XILINX SHARES FALL 3.1% TO $25.62 IN LATE TRADING - Marketwatch Link to comment Share on other sites More sharing options...
Dr Bob Poodit Posted December 7, 2006 Report Share Posted December 7, 2006 NSM reported earnings inline Cut next quarters guidance by $50m or 10% 4th time in 3mo they have cut guidance!! Link to comment Share on other sites More sharing options...
DrStool Posted December 7, 2006 Author Report Share Posted December 7, 2006 NSM just came up on my screens as a short. Looks like it could drop to 18-19 in a heartbeat. That's just an observation. Have a look. Of course, they could gap most of it, which would be typical. Link to comment Share on other sites More sharing options...
DrStool Posted December 7, 2006 Author Report Share Posted December 7, 2006 Some of these REITs look interesting for scalps (short). Pearlstein is right about commercial real estate, but I don't think it's going to take 2 years. My gut says that the EOP deal was the bell ringer. Ridiculous bubble, and the REITS are even worse. When they break it's going to be awesome. Given the excess leverage and low cap rates in the portfolio, there's going to be tremendous negative gearing. Many will go to zero. Link to comment Share on other sites More sharing options...
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