BS market
- Thread starter The Kin
- Start date
Who unearthed Dick Green! wow I've had a past with him. used to be damn good then completely lost his touch... seems to be back on track now....
yes the markets move is based on a number of factors the primary being technical & options expiring combined with high short interest and a lot of cash on the sidelines. None of this is about earnings. Depending on who you listen to and which stocks you own earnings are either very good or very bad... If you use oil as an imput cost = earnings bad, if your customer uses oil to get to your place of business = business bad.... if you manage your affairs outside of the oil patch biz is strong. What happened here in my book is WHILE FINANCIAL PLAYERS ARE LEVERAGED 30 X, in tech land things are downright snoozy. Companies have been running low on inventory for over two years and upgrade cycles in tech are about that long now... what we have is the clumpiness coming out of tech's earnings and the result-lean companies, low on product delivering more just in time junk.... So whereas the consumer may have saved us in the past from deep recessions, this time it is the Tech Purchasing agents of the various companies...
Against this backdrop we have stuff working through the senate and house that will result in some form of aid to new homeowners and and relief or frozen rates from the rest and as mentioned once in this thread the rebate checks being, mailed out. It is quite a bit of money to those of us not spoiled. My kung fu trainer's whole year has been made by having a few kids... at $300 per, in fact the whole check going out will be equal to the average families YEARLY SAVINGS. So as in times past the timing of these checks have marked the absolute bottom of recessions and with tech earnings indicating perhaps a short and shallow recession due to strong overseas sales all the Fed stimulus and the rebates.... the market has begun to rally. As less and less Financial firms are heard from and no more surprises come we rally and rally....
Now what of overseas where all our companies are making their money? Therein lays the danger... they are behind us in time and danger and perhaps due for several calamities and that will reverberate here.... the best we can hope for is that the EuroZone begins cutting rates and driving up their inflation. This has to happen. Then the fed will have the relief on out dollar allowing him to hold the line and begin to raise. We may ultimately get down close to the 2% zone but I doubt it. ~ stoney
yes the markets move is based on a number of factors the primary being technical & options expiring combined with high short interest and a lot of cash on the sidelines. None of this is about earnings. Depending on who you listen to and which stocks you own earnings are either very good or very bad... If you use oil as an imput cost = earnings bad, if your customer uses oil to get to your place of business = business bad.... if you manage your affairs outside of the oil patch biz is strong. What happened here in my book is WHILE FINANCIAL PLAYERS ARE LEVERAGED 30 X, in tech land things are downright snoozy. Companies have been running low on inventory for over two years and upgrade cycles in tech are about that long now... what we have is the clumpiness coming out of tech's earnings and the result-lean companies, low on product delivering more just in time junk.... So whereas the consumer may have saved us in the past from deep recessions, this time it is the Tech Purchasing agents of the various companies...
Against this backdrop we have stuff working through the senate and house that will result in some form of aid to new homeowners and and relief or frozen rates from the rest and as mentioned once in this thread the rebate checks being, mailed out. It is quite a bit of money to those of us not spoiled. My kung fu trainer's whole year has been made by having a few kids... at $300 per, in fact the whole check going out will be equal to the average families YEARLY SAVINGS. So as in times past the timing of these checks have marked the absolute bottom of recessions and with tech earnings indicating perhaps a short and shallow recession due to strong overseas sales all the Fed stimulus and the rebates.... the market has begun to rally. As less and less Financial firms are heard from and no more surprises come we rally and rally....
Now what of overseas where all our companies are making their money? Therein lays the danger... they are behind us in time and danger and perhaps due for several calamities and that will reverberate here.... the best we can hope for is that the EuroZone begins cutting rates and driving up their inflation. This has to happen. Then the fed will have the relief on out dollar allowing him to hold the line and begin to raise. We may ultimately get down close to the 2% zone but I doubt it. ~ stoney
The market is rising because it has found religion and wishes to be closer to its heavenly Sky Father.
