Good jobs report should provide a nice bounce back today unless something crazy comes out from Europe.
Edit - good jobs report should mean we won’t get crushed today.
Edit #2 - The bears continue to be in full control.
prepare for take off
The US Treasury is finally going to lend money overseas…that should help.
Sell before 3:00…Plenty of profit takers by the end of the day today…
[quote=“upperdeck, post:63, topic:22797”]The US Treasury is finally going to lend money overseas…that should help.
Sell before 3:00…Plenty of profit takers by the end of the day today…[/quote]
I don’t know about that. During run up prior to this correction buyers came in strong at the end of the day.
I’m using this correction as an opportunity to get into some new positions.
Futures soared in advance of today’s trading. Let’s hope it holds up and corrects last week’s burp.
Enjoy it now folks. We could easily see another tanking once the debt shock hits.
So how long before we have to bend over, & kiss our a55 goodbye? :))
3:00
Took a position on CCGY before earnings on Friday. They have a new facility up and running which will help the bottom line this quarter. They also make other specialty chemicals other than bio-diesel which has been subjected to a new tax.
strong quarter
http://finance.yahoo.com/news/China-Clean-Energy-Announces-prnews-2729301869.html?x=0&.v=75
hopefully stock price follows
Just picked up a bunch of NIV at 2.43.
I’m all the way up to 60% cash now so I’m sure the market is ready for a big jump.
[quote=“NovaNiner, post:72, topic:22797”]I’m all the way up to 60% cash now so I’m sure the market is ready for a big jump.[/quote] Yea. Its like washing your car just before it rains, except way more expensive
Alright, can anyone better at stuff than me tell me where we where we are going from here? We busted through the 200 MA but unless something crazy happens over the next hour we’ll finish about 1088 and we might even creep up over 1100.
Time to put money to work? In what? Certainly not European or emerging market stocks. So large cap value?
[quote=“NovaNiner, post:74, topic:22797”]Alright, can anyone better at stuff than me tell me where we where we are going from here? We busted through the 200 MA but unless something crazy happens over the next hour we’ll finish about 1088 and we might even creep up over 1100.
Time to put money to work? In what? Certainly not European or emerging market stocks. So large cap value?[/quote] If anyone tells you he knows where the markets are headed short term, he will lie about other things, too. Analysts say breaking below the 200 MA is a very bad omen. I’m going to try and study up on the Brazilian economy for some long term investment there in an ETF. Disclaimer: I bought BP at about $48 and thought it was a steal, so beware of my advice.
[quote=“4ever niner, post:75, topic:22797”][quote=“NovaNiner, post:74, topic:22797”]Alright, can anyone better at stuff than me tell me where we where we are going from here? We busted through the 200 MA but unless something crazy happens over the next hour we’ll finish about 1088 and we might even creep up over 1100.
Time to put money to work? In what? Certainly not European or emerging market stocks. So large cap value?[/quote] If anyone tells you he knows where the markets are headed short term, he will lie about other things, too. Analysts say breaking below the 200 MA is a very bad omen. I’m going to try and study up on the Brazilian economy for some long term investment there in an ETF. Disclaimer: I bought BP at about $48 and thought it was a steal, so beware of my advice.[/quote]
We didn’t finish above 1088 much less 1100 so we have another leg down before this correction is over. I think.
I bought both BP and GS. They have both worked out real well. I’m probably going to double down on GS at a lower price once the finance reform stuff gets through Congress.
The best performing stock I have right now is EUO which is a Euro short ETF. Nice quick 10% gain made up for some of my other losses. I’m probably going to sit out in general until I see some signs of improvement.
[quote=“NovaNiner, post:76, topic:22797”][quote=“4ever niner, post:75, topic:22797”][quote=“NovaNiner, post:74, topic:22797”]Alright, can anyone better at stuff than me tell me where we where we are going from here? We busted through the 200 MA but unless something crazy happens over the next hour we’ll finish about 1088 and we might even creep up over 1100.
Time to put money to work? In what? Certainly not European or emerging market stocks. So large cap value?[/quote] If anyone tells you he knows where the markets are headed short term, he will lie about other things, too. Analysts say breaking below the 200 MA is a very bad omen. I’m going to try and study up on the Brazilian economy for some long term investment there in an ETF. Disclaimer: I bought BP at about $48 and thought it was a steal, so beware of my advice.[/quote]
We didn’t finish above 1088 much less 1100 so we have another leg down before this correction is over. I think.
I bought both BP and GS. They have both worked out real well. I’m probably going to double down on GS at a lower price once the finance reform stuff gets through Congress.
The best performing stock I have right now is EUO which is a Euro short ETF. Nice quick 10% gain made up for some of my other losses. I’m probably going to sit out in general until I see some signs of improvement.[/quote] Hold on to EUO, I think. Can’t see any quick recovery in the Euro. May go as low as $1 even. Eurozone, as you indicated, is more of a mess than the U.S. BP will be fine and has a nice dividend, which they will be able to continue to pay in spite of their expenditures to clean up that oil spill. I hope you are right that this is a correction and not the start of a new bear. I don’t have Goldman, but I have faith in their ability to make lots of money by whatever means necessary.
Man this thread gets quiet when the bear shows up for a while. I have a lot of my money in NIV, which I think may be the most ridiculously undervalued stock out there.
I’m still scared of the stock market per se. One thing I’d like to do is gain broad exposure to commodities. I’ve been interested in RJI, which apparently tracks the Jim Rogers RICI index.
Little hesitant though since it’s awfully thinly-traded.
Easy to be quiet when I’m in such a high cash position and not making many trades. I’m probably going to start getting into some Chinese and Brazilian positions.