http://www.youtube.com/watch?v=_gekaEzqj5g
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Margin is another word for Performance Bond. Exchange margin can be different than broker margin. Day trade margin is now set by Finra but your broker will have rules on how many contracts you can trade depending if they are a finra member or not. A less than 1% increase shouldn't even ripple the water.
http://www.cmegroup.com/clearing/cme...nce-bonds.html
http://www.finra.org/investors/smart...rading/p005906
Bottom line.........gold down and headin lower.
http://finance.yahoo.com/blogs/break...&asset=&ccode=
Despite the huge gains, investors are at tipping point, facing a major test of confidence on whether they believe in today's rally or not. Money manager Harry Rady tells Breakout he's not buying this rally and "things could get worse...a lot worse. As we saw in 2008 things can go a lot lower then people expect."
.....
That's because "the consumer is terrified" and has suffered irreparable harm. "It will be some time before investors have confidence to wade back in, if at all," says Rady.
Is he right? Is fear here to stay?
No. The the supply of sheeple longs waiting to be fleeced is endless
Regardless of the rollercoaster ride we see this month,
Because the FED just anounced that interestrates are going to stay (NEAR ZERO) for the next 2 years the Stock market will continue to be a busy place (Its the only place you might get a return on your money.
Keep in mind the only sock I am involved in is my 401K
But ?
I don't think it's over for gold till we see $150 down day which was the former limit on gold contracts and with rates this low I don't see it. Gold could go down $300 and still be corrective.
What was it in? Rady is perma bear. He's just trying to get back to even on his 2009 shorts.
I bought dividend paying stocks on Monday and Wednesday. Conservative stuff. Tomorrow is a key day. The market broke down at 1230 SPX so a bounce to there doesn't mean much.
^^^^^ Thanks tip, that was funez
This has got to be bullish for the economy.
"The bank delays have left homes in the delinquency process longer. U.S. homeowners facing foreclosure averaged 587 days without making a mortgage payment in June, up from 251 days in January 2008, according to Lender Processing Services Inc. (LPS), a real estate information company in Jacksonville, Florida.
http://finance.yahoo.com/news/Homeow...&asset=&ccode=
Shiiiiit, if your not making a mtg payment, think of all the cash freed up to go out to dinner, buy Ipads, skis, whatever. Great job stimulating the economy banks. And to think nobody is giving you guys any love.
4matic.. whats your opinion at the moment? i decided to get back in 1 week ago.. bought some vanguard ETFS.. EDV, VGLT,BLV,VPU....so far so good except for VPU..
It's bad. :fmicon:
If you want some positives:
1. DAX index did not make a new low today and is currently 7% off it's 52 week low made last month
2. SP 500 futures tested their low of August 9th today and rallied sharply.
3. Gasoline and core commodity prices are falling. that will help Holiday spending and corporate profits.
4. Car Sales are strong.
5. Interest rates are low and dividend rates on SP500 higher than bonds which historically have worked out in favor of equity.
Far more strong negatives:
1. High yield bonds getting mercilessly pummeled. Even with low default rates.
2. Emerging markets (Hong Kong) completely falling apart (Hong Kong is currency related)
3. Credit Default Rates up everywhere. Even in Germany.
4. Volatility rates stubbornly high indicating long term uncertainty.
5. Dollar strength. Although, dollar strength has not always been bearish for US equity.
6. Continued gridlock.
7. Potential major bank failures.
My opinion now: Nothing to be positive about technically other than the chance of a double bottom in the futures. SP500 can easily drop to 1020 on down to 950 if that doesn't hold. Overall, it depends on your time frame and risk profile. I'm a little underweight stock here but overweight small and mid-cap which is a bad mistake. I'm looking to buy Emerging Markets, Germany, and add to Small and Mid-cap on further weakness. May buy some high yield bonds too.
Hong Kong has been getting annihilated since Bill Ackman announced the big trade on HK$.
Time frame and risk tolerance. Good luck!
The worst bear signal is the rumor that GS had such a bad 3Q that there may not be a bonus next year. Makes Benny sad.
I think the worst bear signal is that 4matic is starting to sound bearish :D
thanks! the negatives are so far positive for 3/4 of my portfolio. i decided to put some $ where my mind is re the Eu situation.. i am limited to vanguard (my SEP IRA) and chose some bond ETFs and a utilities ETF so i can get out quickly if stocks start another rally. maybe today?... bernanke talk coincided with todays low..... so far
Yep, but its a good time to buy!
:skijump:
Anyone want to posit a guess on the likelihood of a BAC reverse split?
EU Fear is back! MS out of the money puts are paying out. Burn baby burn
I bought stock today.
A keeper from Yahoo Finance on Groupon, Regretfully borrows are hard to come by so no possibility to add. Options will trade soon but my guess are premiums will lead to ass-rapeage
It will lose an average of one dollar 3 out of the 5 business days per week until it hits ipo list price of $20 bucks per share.
In January it will drop below ipo list price.
My advice to those who bought over $20.
Guys, If you have a long enough neck, bend over and kiss your hairy a_s goodbye. For the ladies, bend over take a peek at what you may be selling to make your mortgage payments. Herman Cain still has room for another accuser. Maybe you can get a book deal out of the scandal.
5% of equity split in equal amounts to small cap, mid cap, and junk bonds today. Junk held up well today and that's a good sign for equity. I added 10% to equity and emerging markets below 1150. So far it's worked out well. I would have deployed it sooner but I did a real estate deal last month and just got the equity account refunded. I was glad it tanked today for that reason and I hope it tanks tomorrow so I can deploy the rest of my cash. I'm back to overweight equity and especially overweight small and mid cap.
Overall, 1225 on SP500 is not that bad and with my portfolio yield at 3% I'm pretty optimistic.
Time will tell. Glad my dealings amuse you but, at least, I can say, I put my money where my mouth is. Elvis has a song for you. Keep dooming.
http://www.youtube.com/watch?v=QTcpuWBJrgA&feature=related
i dont think it'll tank until 2012, should end year on rally it started in october after 5 months of decline. its holding support now, but in 2012; i'm looking to start shorting too.
here's the latest gloomy data:
Shipping worse now than during the 2008 financial crisis. Shipping is a great measure on the trade of goods between countries and shows the economic activity going on between companies and people buying those companies products. If that’s down under the 2008 low, it shows that it’s still time to be cautious when thinking about your short to mid-term economic future plans.
http://globaleconomicanalysis.blogsp...hD9QU.facebook
and, Q3, GDP growth; what it really was. It was 2.5%, which sounds good until you hear the details. Consumers spent their money on healthcare + utilities(remember the heat wave), not goods like new furniture or laptops which would promote growth. Consumers savings also dropped from 5.1% to 4.1%, which means people are using more of their savings for expenses, because more jobs and pay raises aren’t happening. We’ve got a long way to go for a real recovery.
http://m.ibtimes.com/gdp-growth-clos...my-239678.html
http://beta.finance.yahoo.com/news/y...024014390.html
Read the comments. Refreshing. Maybe the supply of sheeple longs will dry up but that's a good thing long-term imo
I did some bottom feeding in the miners today.
Yep. It's coming.
I had a financial advisor who newletter i take just email me and tell me its time to buy in(and pay his fees).
I think i'm going to reply back with shipping now at 2008 crisis lows, holiday employment forecasted as less than last year, a chart showing everyone in europe and china trending into a recession, china housing market about to fall off a cliff and US foreclosures are up and ask him which sector he expects a good stock market to start up in.
Speaking of financial advisors, did anyone catch this pathetic thing yesterday?
http://www.nytimes.com/2011/11/09/bu...ef=todayspaper
" My income fell about 20 percent because my take-home pay depended on the amount of money I managed."
Remember that little ditty when someone does a sales spiel over your hard earned money.
Seems like there were no long takers. The contrarian in 4matic says "bullish for the markets". I liked all the Ponzi comments and ones like this: "a 30 yr old that puts 75% of his portfolio in an index fund will find he looses 40% of his portfolio in the very near future!"