aussiebear Posted February 8, 2012 Report Posted February 8, 2012 Tempered enthusiasm in the early openers: Kiwis -0.1%, Aussies +0.2%, Nikkers +0.6% and Sth Korea +0.1%. Barely any movement in Aussie sectors: Gold and REITS, both +0.7%, are in the lead with Utilities at the other end, -0.5%.
aussiebear Posted February 8, 2012 Author Report Posted February 8, 2012 http://finance.yahoo.com/intlindices?e=asia
aussiebear Posted February 8, 2012 Author Report Posted February 8, 2012 http://money.cnn.com...s/morning_call/ http://www.kitco.com http://www.kitconet....ase_metals.html http://finance.yahoo.com/
MrHanky Posted February 8, 2012 Report Posted February 8, 2012 All the charts I am looking at point to ES 1350 as a potential top..... Somewhere around these levels we should at least get a decent dip Or not.
aussiebear Posted February 8, 2012 Author Report Posted February 8, 2012 Upward creep in the arvo left All Ords +0.4% for the day. IT +1.8% was top gainer followed by Energy +1.6%. Utilities -0.2% was the sole red sector. Up in Asia: China +0.4%, Honkers +0.6%, India +0.7% and Nikkers +0.8%. On to UK/Europe:
Trader Joe Posted February 8, 2012 Report Posted February 8, 2012 Slightly different story if your search includes homes >$1MM. That market be slow. Wurd I should have been a little more specific I was referring to the $200-300K range which is about 60% of the market I was referring too The under $200K segment seems to move quite well too as long as the property isn't in terrible shape The $1M+ segment, generally speaking, is dead or large markdowns being taken -- by dolts that came to the realization that living in a 5,000 sq ft McMansion on 5 acres in the middle of what used to be scrub or converted farmland 30 minutes from the nearest 7-11 is an isolating experience, and not much fun Units in good neighborhoods in or near metro areas that have good pubic transport are in high demand
psyche doctor Posted February 8, 2012 Report Posted February 8, 2012 All the charts I am looking at point to ES 1350 as a potential top..... Somewhere around these levels we should at least get a decent dip Or not. I expect the post-recovery highs to eventually be taken out. Like you said, we could get some kind of pullback once 1350 area is achieved - could happen today. But what would that pullback look like, 10-15 pts.? It seems that the market has/is becoming immune to anything debt crisis related (Europe). The Fed is supporting all assets that have no meaning to real life - mainly stock market for the grand illusion. In addition, I think it is possible to take out the all-time high SPX this year. This is election year and the Fed will do anything to get Obama another term. We will never get a secular bear market until mighty Ben starts the interest rate raising cycle. He states he wont do that until 2014! This is a dip buying market. There will be times when one can make on the downside, but the real money will be made buying the dips. Dippity dip dip dip! Thank you Ben for kicking the cans down the road, you mother fornicating, anal douche bag. Remember that the Fed is the bubble maker. The smart thing to do is find the bubble they are making and get involved in help making the bubble, but always get out before the bubble pops. There are always obvious clues to when that is. For example: When mighty Ben is deep into his interest rate raising cycle or when they say that the problem is well contained. The latter is always a dead give away that the problem is much worse and that it is not contained at all but ready to explode. Finally, during this entire time, start siphoning off earnings compliments of the bubble(s) into real assets (non paper) that will benefit you and preserve your wealth when the sh*t really starts hitting the fan.
Trader Joe Posted February 8, 2012 Report Posted February 8, 2012 I expect the post-recovery highs to eventually be taken out. Like you said, we could get some kind of pullback once 1350 area is achieved - could happen today. But what would that pullback look like, 10-15 pts.? Zactly Various douches now going on 7 months (since last Summer) about how the world was coming to an end.....S&P breaking 1,000....retest of the 2009 lows...and on and on and on.... Meanwhile they've missed yet another HUGE run....just like 2003 and just like 2009 Wash, rinse, repeat....same old same old ...and if you add in the liquidity being foisted upon the market Fuggeddaboutit However, I am also still looking for a pullback soon (just based on the charts)...but my guess is it won't be much (S&P 1290???)
psyche doctor Posted February 8, 2012 Report Posted February 8, 2012 However, I am still looking for a pullback soon as well just based on the charts...but my guess is it won't be much (S&P 1290???) Yeah, 1290 area I would definitely be backing up the truck. It could go a little lower, but we are talking about splitting pub*c hairs at that point. One scenario that I have though about is that they don't take out the post-recovery highs here and let the market fall back. This will bring out the bears thinking that failure to make new highs will be bearish and the next leg to hell is starting. Once these delusionaries are brought back in, they pull the rug and ramp this mother, using them as fuel in the process, abusing them like some cheap prosty.
DrStool Posted February 8, 2012 Report Posted February 8, 2012 I just got this note from the IRS. And here I always thought that tax day was April 15. But then I discovered that it must have been a mistake because it was addressed to alex at bubblefish. I better call the IRS and let them know.
psyche doctor Posted February 8, 2012 Report Posted February 8, 2012 crude testing 100 area. Alaweed said this wouldn't happen
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