DrStool Posted December 6, 2007 Report Share Posted December 6, 2007 Soros talked about the rally built on the false premise. Could this be one of those times. The least popular option in yesterday's poll turned out to be the best choice for trading tactics. Link to comment Share on other sites More sharing options...
Sudaca Posted December 6, 2007 Report Share Posted December 6, 2007 Doc, I would add "All of the above" as an option. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted December 6, 2007 Report Share Posted December 6, 2007 Market back in bull market mode. Closed above the 50 and 200 dma today. This week, a lot of momo stocks broke out into new highs. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted December 6, 2007 Report Share Posted December 6, 2007 Credit to Bondtrader for buying when everything looks bleak 2 weeks back. Link to comment Share on other sites More sharing options...
DrStool Posted December 6, 2007 Author Report Share Posted December 6, 2007 You know what I am excited about. In 8 days, I'll be headed up north to our home in Quebec to freeze our asses off for the holidays. But I'm excited because these little folks will be there waiting for us. Link to comment Share on other sites More sharing options...
Bungster Posted December 6, 2007 Report Share Posted December 6, 2007 Let me repost the link to a fantastic article about the mortgage stuff from a Kali broker..... http://blogs.marketwatch.com/greenberg/200...rom-an-insider/ Link to comment Share on other sites More sharing options...
Sudaca Posted December 6, 2007 Report Share Posted December 6, 2007 Yep, stock charts are bullish right now, no question about that. Gonna ride it till I fall off. Link to comment Share on other sites More sharing options...
Phil Late Show Posted December 6, 2007 Report Share Posted December 6, 2007 Credit to Bondtrader for buying when everything looks bleak 2 weeks back. 630833[/snapback] I'd give more credit if he'd have explained why. Link to comment Share on other sites More sharing options...
Jimi Posted December 6, 2007 Report Share Posted December 6, 2007 If you're bored, you can review my caustic interpretation of Bush's speech today: http://debtpocalypse.blogspot.com/ Link to comment Share on other sites More sharing options...
Sudaca Posted December 6, 2007 Report Share Posted December 6, 2007 I guess Paulson & Co. know that this plan will not fix the fundamental problem. So I guess the plan is really all about making up the inevitable losses with stock gains. Link to comment Share on other sites More sharing options...
DrStool Posted December 6, 2007 Author Report Share Posted December 6, 2007 That's my grandson Nicolas on the left, and granddaughter Lea-Rose (pronounced leiah rose - be sure to roll the "r" ) on the right. For those of you who were not around last summer, they are first cousins. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted December 6, 2007 Report Share Posted December 6, 2007 Credit to Bondtrader for buying when everything looks bleak 2 weeks back. 630833[/snapback] I'd give more credit if he'd have explained why. 630838[/snapback] I believe he was merely playing the support line. If you think about it...did it matter if you bought at 1420 or 1430? Link to comment Share on other sites More sharing options...
mdporter Posted December 6, 2007 Report Share Posted December 6, 2007 If the economy is so good, then why is this happening? CFO.com | US December 5, 2007 The weakening American economy is beginning to take its toll on corporate employees where it hurts the most: their salaries and savings. The latest Duke University/CFO Magazine Global Business Outlook Survey, which polls 573 finance chiefs in the U.S. and 1,275 globally, finds that year-end employee bonuses will fall by 10 percent this year compared to 2006. That decline could be especially painful at a time when more employees are dipping into their retirement accounts in order to pay bills. The survey finds that nearly 20 percent of companies have seen increased hardship withdrawals from 401(k) accounts, often to cover mortgage payments or to avoid personal bankruptcy. "In the last four or five months we have seen an absolute onslaught of people trying to do hardship withdrawals and loans out of 401(k)s," Mark Anderson, CFO of Granite City Electric, told CFO magazine in October. "What has happened with housing and the economy has really blown up for people at the lower end of the spectrum." Source destruction of capital raiding your retirement funds to pay for a home that is falling in value is a classic desperation move. As the home falls more, the owner's capital is being destroyed. Link to comment Share on other sites More sharing options...
mdporter Posted December 6, 2007 Report Share Posted December 6, 2007 Credit to Bondtrader for buying when everything looks bleak 2 weeks back. 630833[/snapback] I'd give more credit if he'd have explained why. 630838[/snapback] he posted a chart that backed up his position Link to comment Share on other sites More sharing options...
Sudaca Posted December 6, 2007 Report Share Posted December 6, 2007 If you're bored, you can review my caustic interpretation of Bush's speech today:http://debtpocalypse.blogspot.com/ 630839[/snapback] "Second, in August, I asked Secretaries Paulson and Jackson to work with lenders and loan servicers and mortgage counselors and investors and lions and tigers and bears " Link to comment Share on other sites More sharing options...
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