Bulls keep seeing red

[MrHanky]

Lots of flopping around,But the bulls can't hold it together.

[swordfish]

AAII has oneof the biggest difference between bulls and bears that is > -26% (20% bulls - 49% bears) (too much bears)

 

 

 

edit: error.

 

we had such a diff three times since march 2009 - 6 july 2009, 1 NOV 2009, and5 july 2010. every time we found bottom.around this dates. actually the numbers of bulls (20%) was the lowest since march 2009.

 

if we have 2007 then yes, we go lower. but if this is not lehman move, then this is the bottom for right know.

[swordfish]

dollar futures have a cap\helmet around 83,30 with 50 sma ema daily.pluis 38,2% fibo.

[swordfish]

eurusd stop at 1.26 couple days ago at 50% fibo

[Jimi]

I think Maria's right: sell off due to deteriorating conshumer shentiment.

[Jimi]

"Our very own Shteve Leeshman is in Jackshun Hole...."

[DrStool]

 

Housing Numbers Back to Normal

 

[MrHanky]

We DID have a higher high and a higher low today on the SPX,if that means anything.

 

[specie]

AAII has oneof the biggest difference between bulls and bears that is > -26% (20% bulls - 49% bears) (too much bears)

 

 

 

edit: error.

 

we had such a diff three times since march 2009 - 6 july 2009, 1 NOV 2009, and5 july 2010. every time we found bottom.around this dates. actually the numbers of bulls (20%) was the lowest since march 2009.

 

if we have 2007 then yes, we go lower. but if this is not lehman move, then this is the bottom for right know.

i don't know anything about trading

 

but

 

i think it's the bears number you want to look at for bottoms

 

i think the % bears was in the 70's in march 2009

 

but that's just one man's opinion - fwiw

[joe3pack]

all's well that ends weakly. gimme some mo' o' dat.

------

turned on buttvision last night to check out the futilitures. heard something about jackson's "hole," "easing," and "tightening" all in one sentence. they're beginning to sound like the stool.

[swordfish]

i don't know anything about trading

 

but

 

i think it's the bears number you want to look at for bottoms

 

i think the % bears was in the 70's in march 2009

 

but that's just one man's opinion - fwiw

 

I agree, 70% was bears in march. What I try tyo say IF THIS IS NORMAL behaviour (not crash or something) then bottom is near - 1040-1050. IF this is much much something bigger then, we fall till 970 and lower. I still think we are heading lowe, but first we need to bouce - 1100 sp500 for example.

[Jimi]

Just suffered Maria's lecture of Dean Baker as to why corporations need more tax cuts.

 

 

Anyone want a free TV?

[Goldmember]

all's well that ends weakly. gimme some mo' o' dat.

------

turned on buttvision last night to check out the futilitures. heard something about jackson's "hole," "easing," and "tightening" all in one sentence. they're beginning to sound like the stool.

 

 

[swordfish]

toppish

US 10Y NOTE YIELD (10US) daily

weekly:

 

US 10Y Note Future (TY.F) daily

weekly

[swordfish]

Don’t Buy That Treasury Bond. Another week later, and Treasury bond prices have raced up to even dizzier heights, breaking more records for over valuation. According to the Investment Company Institute, outflows from equity mutual funds over the last two years totaled $232 billion, while inflows into bond funds soared to a staggering $559 billion. Today, “bond funds” ranked with “Miss Universe” and “Lindsey Lohan” among Yahoo’s top ten search terms. Companies, like FedEx, are looking to issue corporate bonds maturing in 100 years. No doubt the prospect of 80 million baby boomers bailing on equities so they can become coupon clippers for life is providing some extra juice for this market.

 

In a Wall Street Journal article last week, the Wharton School’s Jeremy Siegel pointed out that ten year inflation protected securities (TIPS) with yields under 1% are selling at a PE multiple equivalent of 100 times, the same valuation that dotcom stocks saw a decade ago (click here). Bonds with four year maturities have negative real yields.

 

The last time this happened, in 1955, ten year bonds brought in an annual return of only 1.9% for the following decade. The potential capital losses for these securities now loom large. In the meantime, the short Treasury ETF (TBT) trades at $30.60.

http://www.madhedgefundtrader.com/august-26-2010.html