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Can you exchange in advance?Quote:
Originally Posted by liv2ski
I got out of everything, sitting in a stable value fund- a glorified savings acct. No idea what could happen but there is quite a ways to fall and not a ton of room to grow, in my opinion
You mean you're not all in from those little green shoots?Quote:
Originally Posted by Brock Landers
A few down days and out come the bears.. Solid support above 850 SP00; may not go down that far..
Low volume selloff. Watch the Nikkei 225 for keys to the next move since it was the leader on the last leg up. If the Nikkei collapses from here it's bad news.
Looks like value stocks will be the leader on the next rally with NYSE composite statying strong relative the blue chip indices.
CSCO is my pick for a low risk trade with some upside.
I just think that this is the only important information you need to know about the American economy. Mortgage equity withdrawal. It doesn't exist anymore.
http://4.bp.blogspot.com/_pMscxxELHE...tiveQ42008.jpg
Wow......interesting chart. So much for the consumer driven economy.Quote:
Originally Posted by Stu Gotz
the ONLY important info?Quote:
Originally Posted by Stu Gotz
I hope that was just you putting emphasis on the fact that equity withdrawl is ZIP.
Personally I think MORE important - but only a fraction of the big picture - is capacity utilization (total industry) during recessions.
http://research.stlouisfed.org/fred2/series/TCU
...
but I think that both our points are the same. comparisons with post-WWII recoveries is at best problematical and at worst misleading.
This is looking more and more like a depression imo.
Continuing unemoployment claims may have dropped....but that is because people are giving up or run out of benefits.
http://research.stlouisfed.org/fred2...ax_630_378.png
Thanks for the outsourcing fearless leaders of the corporate world. You have successfully unwoven the fabric of American manufacturing.
I don't see a counter trend rally coming, my guess is the downside accelerates in July. I'll be looking at some of the ultra shorts this week if we get a little short squeeze rally this week.
You might be right. The NDX has already hit it's upside head and shoulders target. We could see the next wave down from here.Quote:
Originally Posted by Moeghoul
SRS has me licking my lips......commercial real estate is gonna die
SKF should rock too.
ehhh......c'mon, ya pahty pooper, you, you, pansy socialist, you. Look at that last line. We're on an upswing here, the recession is over, the only direction is up.Quote:
Originally Posted by Stu Gotz
Still have another few days before the end of the month, but some very nice charts shaping up on the monthly charts.
Bearish pinbars on crude, dow futures, nasdaq futures, nikkei futures, and a few of the yen crosses.
How exactly is it that people like you who produce nothing of value and are open about making a living by speculating against other people's property don't hide in alleys but act proud like this? And I don't need a lesson in liquidity.Quote:
Originally Posted by tronacate
I'll bet you really "identified" with Howard Roark in high school.
Green shoots are everywhere.
Goldman is having their best year EVER.
DOW 13K by October is a cinch.
Quote:
Goldman to make record bonus payout
Surviving banks accused of undermining stability
Phillip Inman
The Observer, Sunday 21 June 2009
Staff at Goldman Sachs staff can look forward to the biggest bonus payouts in the firm's 140-year history after a spectacular first half of the year, sparking concern that the big investment banks which survived the credit crunch will derail financial regulation reforms.
A lack of competition and a surge in revenues from trading foreign currency, bonds and fixed-income products has sent profits at Goldman Sachs soaring, according to insiders at the firm.
Staff in London were briefed last week on the banking and securities company's prospects and told they could look forward to bumper bonuses if, as predicted, it completed its most profitable year ever. Figures next month detailing the firm's second-quarter earnings are expected to show a further jump in profits. Warren Buffett, who bought $5bn of the company's shares in January, has already made a $1bn gain on his investment.
Goldman is expected to be the biggest winner in the race for revenues that, in 2006, reached £186bn across the entire industry. While this figure is expected to fall to £160bn in 2009, it will be split among a smaller number of firms.
Barclays Capital, Credit Suisse and Deutsche Bank are among the European firms expected to register bumper profits, along with US banks JP Morgan and Morgan Stanley following the near collapse and government rescue of major trading houses including Citigroup, Merrill Lynch, UBS and Royal Bank of Scotland.
In April, Goldman said it would set aside half of its £1.2bn first-quarter profit to reward staff, much of it in bonuses. It is believed to have paid 973 bankers $1m or more last year, while this year's payouts are on track to be the highest for most of the bank's 28,000 staff, including about 5,400 in London.
Critics of the bonus culture in the City said the dominance of a few risk-taking investment banks is undermining the efforts of regulators to stabilise the financial system.
Vince Cable, the Liberal Democrat treasury spokesman, said: "The investment banks more than any other institutions created the culture of excessive leverage, excessive risk and excessive bonuses that led to the downfall of the financial system. Now they are cashing in and the same bonus culture has returned. The result must be that we are being pushed to the edge of another crash."
Goldman Sachs said it reviewed its bonus scheme last year and switched from a system of guaranteed rewards that were paid over three years to variable payments that tied staff to the firm. It told employees last year that profit-related bonuses would be delayed by 12 months.
Until the release of its first quarter profits in April, it seemed inconceivable that a firm owing the US government $10bn would be looking to break all-time records in 2009.
David Williams, an investment banking analyst at Fox Pitt Kelton, said: "This year is shaping up to be the best year ever for investment banks, or at least those that have emerged relatively unscathed from the credit crisis.
"These banks are intermediaries in the bond markets where governments and companies are raising billions of pounds of new money. There is also a lack of competition that means they can charge huge sums for doing business."
Last week, the firm predicted that President Barack Obama's government could issue $3.25tn of debt before September, almost four times last year's sum. Goldman, a prime broker of US government bonds, is expected to make hundreds of millions of dollars in profits from selling and dealing in the bonds.
Quote:
Originally Posted by markb
"because it's wreckable" Gordon Gecko
I have no problem with bears (or bulls). That's the great thing about our markets. Everyone is equal. A seller for every buyer and a buyer for every seller.
Fed Announcement in 15 minutes. Saddle up.
"saddle up"
wall st talk is sooooo sexy.
Saddle up? It's Japan......american style. 0-.25% ROFLMAO!!!!!!!!!!!! We are definitely living in a bizarro world of managed chaos, failure of leadership and manipulated markets. Good times, noodle salad.Quote:
Originally Posted by 4matic
Well, duh. If you owned the Treasury and arranged to have some of your competitors killed and then have billions of taxpayer money funneled through AIG to cover your ass, you'd be having a pretty good fucking year, too.Quote:
Originally Posted by ass-to-mouth
And, DON'T EVER use that Green Shoots phrase around here again, capice? christallmighty.
How about mustard seeds? Kudlow's on my rubber hose/piano wire flogging list. That fuckwad was bleating that the dollar was up and gold was down yesterday when the reverse was true.Quote:
Originally Posted by Benny Profane
I can't wait for Kudlow to be caught in a men's room with George Michael. Jezuz, that guy is such an open door closet case. But, I guess, he has to be elected to the House first.
http://blogs.wsj.com/economics/2009/...umer-spending/Quote:
Originally Posted by Stu Gotz
Moderate rally off support (Nikkei was up 300 at one point last night). What is the short entry point? 930 SP00 is a minor resistance.Quote:
Originally Posted by Moeghoul
It's end of quarter window dressing time!!!
Gotta pump up those 401Ks.
Wall St bloodsuckers are so clever.
If you blinked you missed it earlier today, lol. I jumped back into the ultra short funds this AM. went with DIG and DGP for ultra long plays.Quote:
Originally Posted by 4matic
http://www.fundmymutualfund.com/2009...ll-street.html
can't believe benny hasn't posted this one yet.
btw...is this thread now a cross channel for day traders? moeghoul, 4matic, et. al. are you professional day traders or just really interested in the markets?