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  1. M

    The Surf Report

    Sorry about NFI surf, sucks when that happens as it does to all in this game from time to time. Still early days in 2007, plenty of time to have a good year. Good luck.
  2. M

    Gotta love ZERO RISK in the SP500 = $$$

    Posted it the other day, here it is again http://www.bloomberg.com/apps/news?pid=20601103&sid=asJ9uk2dXICk&refer=news
  3. M

    Gotta love ZERO RISK in the SP500 = $$$

    ByLo, the BOJ rate hike had no effect, it was way too small and they said that this was the last hike in a long time. Look at the Yen's reaction, sold off reducing the perceived currency risk to the carry trade. CPI delivered some of the worst inflation data that we have had in months, maybe...
  4. M

    Cnbc Reports Margin Debt At Historical Highs

    Don't confuse factors that could potentially exacerbate a correction for causing a correction or hastening its start.
  5. M

    has the next bear started?

    Thanks pabst, and I yours, especially your treasury commentary. Don't recall any political disgareements but I went through a period of reactionary pacifism after 9/11 in part because of a belief in Christianity. I have since liberated my mind from that particular bondage and am far more pragmatic.
  6. M

    has the next bear started?

    Your right Pabst, though recently they seem to have stopped raising rates and have become more moderate in their language in terms of things they see as risks. I guess what I mean is that while the Fed has raised they keep saying that everything is fine (pretty much sums up Bernanke's' recent...
  7. M

    has the next bear started?

    All true but despite all the problems that bolster the arguement to be wary of taking on equity risk here the market has performed well. I recall that old saw, Don't fight the fed, it feels like that is what I have been doing the last two months and it hasn't felt good. The Fed is getting less...
  8. M

    has the next bear started?

    May be 2-4 years. We have gone from 19.76 to 45 in 4 years on great corporate earnings but with high oil prices and while funding a war. All we would need to get to 70 would be for the liquidity pump to keep working and higher asset prices beget higher asset prices. If the Fed can somehow keep...
  9. M

    has the next bear started?

    From a certain traders perspective it is tough to go long here but if you step back and look at the longer term charts and what is driving the market it is a pill that can be swallowed. We may be at the edge of reason at these valuations but they can still be somewhat justified. However, this...
  10. M

    has the next bear started?

    Take a look at a monthly chart on the QQQQs I am not a big believer in Fib stuff but 50% retracements are pretty powerful and that would put the QQQQs at 70 (NQ 3000) Could easily happen without making any significant new lows.
  11. M

    Timing Journal

    Long GS 219.42
  12. M

    has the next bear started?

    Well I capitulated. I took advantage of the dip this am to exit all my QQQQ's at a substantial loss and all other shorts. I am now long NQ, not feeling that great about it but looks like there is no end in sight as far as this liquidity glut and value doesn't matter when liquidity is in control...
  13. M

    Timing Journal

    Covered QQQQ 44.55 Covered RIMM 138 Long NQ 1818.50 Long HPQ 42.70
  14. M

    Sirius and XM Announce Merger

    This is funny, I tuned in to watch Mel Karmazan on Crammer a few weeks ago and saw him saying that this deal was not even being considered at the time. Either they put this thing together real fast or the guy is a great liar.
  15. M

    Will Steorn crash the world's energy markets?

    Hope it isn't something like this. They seem like businessmen not savvy tech types from vids on goog. wbeatyAug 28th 2006 edited It's well known that you can weaken a neodymium supermagnet by pushing it against the alike pole of a second magnet. The energy stored in the two magnets seems...
  16. M

    The Surf Report

    You track the Dow via MS's journal? You don't think his system has value, but that yours does. Wouldn't it make sense for you to just check your own results Prof LOGIC?
  17. M

    Will Steorn crash the world's energy markets?

    Apart from the obvious benefits to humanity this would usher in a global bull market that would make the dot com bubble look like a pimple on the charts. If it is for real you would think that the US would be 1st in line to protect and render any assistence. Make them an offer Uncle Sam, $100B...
  18. M

    has the next bear started?

    I know how you feel ByLow. I am about ready to throw in the towel on my QQQQ short. Looking at the global situation and the Fed bent if I didn't have a position on I would be looking for a short term move higher in tech. I'll wait and see what HPQ has to say and what the reaction is. What I am...
  19. M

    Someone's reading my Yahoo Mail

    I don't know about Yahoo US but I do know that in Asia at least it is very easy to get a PI to get you someone's Yahoo passowrd. Costs about $300-500. I don't know how they do it but suspect they either have yahoo or IP employees on the take or hackers who know how to get the passwords...
  20. M

    You can't generate positive alpha without a PhD.

    I think he needed some help with his homework.
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