April 30th!!! PIVOTAL DAY!!!

Quote from Mercor:

Bush out today blaming Congress.

He's correct but he also knows the GDP number, and he knows its bad.

Look for a negitive GDP, first half of the classic recession.

Data manipulation will make positive GDP for the next quarter .
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Without seeing the number you made your conclusions as to what that will be? Great logical deductions..
 
Quote from jackstone54:

When everyone is jobless then they will be at their rental apartments (after they were foreclosed on by the bank) with a box of Kraft macaroni and cheese. Just get in on KFT BEFORE the call.
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When the recession comes:

They will send you to the pasture to graze with the cattle. You have to wear knee pads to be on your 4s all day and eating those dried out weeds with dirt. Water at the sewage pond.. OK?
 
Quote from HedgefundTrader2:

Without seeing the number you made your conclusions as to what that will be? Great logical deductions..
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Poll today: 81% of public say we are in a recession. Thats the scary conclusion.

I doubt 81% could explain the classic defenition of a recession.

These boards are full of speculation about economics and its numbers. One can study all the components of the GDP and make a conclusion.

I say one hint is look for unsuall political activity from people who are aware of the number. Bush gives his 2nd press conference this year, to talk about the economy and blames congress, sounds like a preemptive attack
 
Quote from jackstone54:

You have to take my posts in context.

First, sometimes I write posts to get a stir out of the crowd and I find that quite amusing at times. I cut/paste stuff from the past from other infamous posters such as JackHershey, MichaelScott, Anekdoten, Tradertim/slopeofhope, TimSykes, Blackgard etc. a few others. hehe. These posts are quite obvious and I get a laugh out of them. Some folks here even start to believe that I am those posters and thats what really is funny how people take this message forum.

Second, my strategy revolves around long dated in the money puts/calls mainly on indexes. I do have some other equity put/call positions, but not so many. I dont use margin or leverage. I have stops set in place and usually have some type of hedge to insure my position. If I short a stock, then I will buy the calls on the other end for example which is a classic strategy that all should employ. I do employ some classic technical strategy such as fib retracements, bollinger bands and keltner channels.

Third, I firmly believe that this year the SPY will grace the 110-115 area. When it does, then I will go long quite a few equity and put/call positions. I have in mind the following:

- Airlines- Whatever does not go bankrupt by year-end, will probably be a buy. Lets see who survives.

- Financials- See comments next to Airlines. I am thinking that the larger caps with 4%+ like BAC and WB will be great buy/holds. They (hopefully) wont go out of business. Im not convinced they have bottomed especially with the summer ahead which always seems to be a weak time period.

- Technology - I expect the XLK to downtrend until the end of the year and will be looking for select segments to go long at that time.
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Quote from Mercor:

Poll today: 81% of public say we are in a recession. Thats the scary conclusion.
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100% of me says US is now experiencing the joys of stagflation.

regards
f9
 
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