MrHanky Posted October 27, 2011 Report Posted October 27, 2011 Bulls rule,except for a 5 minute selloff near the bell.
MrHanky Posted October 27, 2011 Author Report Posted October 27, 2011 Perfect bounce off of 1280 at the end,bulls got it all under control.
Bungster Posted October 27, 2011 Report Posted October 27, 2011 Shorted Ms. Russell 768 near the close.... I blame my parents...
Jimi Posted October 27, 2011 Report Posted October 27, 2011 Carrying over from IDS. Read this and answer the question, "How does a 50% haircut solve the underlying problem for Greece associated with its continued participation in the eurozone?" Reality check: Eurozone Unit Labor Cost in 2007 relative to 1980: Austria ………..1.457 Belgium ……….1.915 Finland ………..2.184 France ………..2.024 Germany ……..1.382 Greece ………17.056 Ireland ……….. 2.627 Italy ……….…..1.220 Luxembourg ….1.880 Netherlands ….1.076 Portugal ………8.936 Spain ……….…1.212 This has led to Greece having the highest unit labor costs in the EU. On top of that, they have the highest Unit Capital Costs, too. If your workers are being paid more than all the other countries in the EU, and the capital costs are the highest in the EU, how can you possibly manufacture and export more, when your EU partners (like Germany and France) can do it for cheaper? How's the Haircut working for you, Stratos?
DrStool Posted October 27, 2011 Report Posted October 27, 2011 What The European Bailout Boils Down To October 27, 2011By Lee AdlerRuss Winter of Winter Watch, Aaron Krowne of ML-Implode.com, and the Wall Street Examiner’s Lee Adler discuss the implications of the European bailout, the likely targets for stocks, and the implications of the bond market collapse. Lee reviews the signs that the housing market won’t get much worse, but why that’s not good news for the financial system. This is a subscriber only podcast. If you are not a subscriber, click here to access the most recent free podcast posted on Monday, October 24.
Jetlag Posted October 27, 2011 Report Posted October 27, 2011 It was all a publicity stunt to sell inventory "Hewlett-Packard Co. (HPQ) said it has decided to keep its personal computer division, after completing a strategic review. The review showed the unit is integrated across key operations including supply chain and procurement, as well as making contributions to the company’s overall brand value, the company said. " http://www.bloomberg.com/news/2011-10-27/hp-to-keep-pc-division-after-review.html
Jimi Posted October 27, 2011 Report Posted October 27, 2011 So, the Greek economy is not currently structured to, you know, carry on in areas like manufacturing and services. Which is probably why the public sector grew - to accommodate the lack of competitiveness. Which was temporarily funded on the cheap by the sugar high of low-interest euro credits. From the Torygraph: • Deal could reduce Greek debt to 120pc of GDP http://www.telegraph.co.uk/finance/financialcrisis/8852072/Debt-crisis-as-it-happened-October-26-2011.html Given the lack of competitiveness, Greek wages must shrink for it to make anything at a price that anyone will pay. Shrinking Wages = Shrinking Economy Shrinking Economy = Growing Debt/GDP Growing Debt/GDP = Greater Interest/GDP Greater Interest/GDP = Shrinking Wages They. Need. To. Devalue. The euro is a prison.
Jetlag Posted October 27, 2011 Report Posted October 27, 2011 So, the Greek economy is not currently structured to, you know, carry on in areas like manufacturing and services. Which is probably why the public sector grew - to accommodate the lack of competitiveness. Which was temporarily funded on the cheap by the sugar high of low-interest euro credits. From the Torygraph: • Deal could reduce Greek debt to 120pc of GDP http://www.telegraph.co.uk/finance/financialcrisis/8852072/Debt-crisis-as-it-happened-October-26-2011.html Given the lack of competitiveness, Greek wages must shrink for it to make anything at a price that anyone will pay. Shrinking Wages = Shrinking Economy Shrinking Economy = Growing Debt/GDP Growing Debt/GDP = Greater Interest/GDP Greater Interest/GDP = Shrinking Wages They. Need. To. Devalue. The euro is a prison. When they sell their government owned companies and a couple of islands Germany will "help" them out.
I_Am_Madness Posted October 27, 2011 Report Posted October 27, 2011 Can't be all short covering. Today looks like pure madness to get in for the year end rally.
bundys_dodge Posted October 27, 2011 Report Posted October 27, 2011 It was all a publicity stunt to sell inventory "Hewlett-Packard Co. (HPQ) said it has decided to keep its personal computer division, after completing a strategic review. The review showed the unit is integrated across key operations including supply chain and procurement, as well as making contributions to the company’s overall brand value, the company said. " http://www.bloomberg.com/news/2011-10-27/hp-to-keep-pc-division-after-review.html Furniture Shops in USofA go out of business all the time, repeatedly...
swordfish Posted October 27, 2011 Report Posted October 27, 2011 I established a short position based on that:
Bungster Posted October 27, 2011 Report Posted October 27, 2011 Bullish ..... why yes they are. https://www.aaii.com/sentimentsurvey/
swordfish Posted October 27, 2011 Report Posted October 27, 2011 S&P 500 Extends Best Month Since ’74, Euro Rises on Debt Accord Dow Jones Transportation Average, a proxy for the economy, is the biggest since 1939 http://www.bloomberg.com/news/2011-10-27/asian-stocks-euro-advance-on-europe-s-expansion-of-bailout-metals-rally.html
capitall Posted October 27, 2011 Report Posted October 27, 2011 Congress has its rescue for the U.S. housing market on the way. Hold on. It's comin' http://tinyurl.com/3h9hjfv Bill would encourage foreigners to buy U.S. homes
Trader Joe Posted October 27, 2011 Report Posted October 27, 2011 Can't be all short covering. Today looks like pure madness to get in for the year end rally. Wurd There'll be some stutters from here into the year-end And on every one the perma-Bears will get all Bear'd up, only to get smoked each time Lots of idiots out there yapping about how a 200+ point move over a month is too far too fast What about the Jul/Aug 250 point down move that occured in half the time? Ugh! Hopeless douches
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