ES Journal Archive (2006 - 2008)
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Can't debate you there on 09/11....can't predict, just have a viewpoint....and be willing to change it in a heartbeat.Quote from BoyBrutus:
And what happened after September 11th after Greenie cut heavily - market rallied for 5 months.
The rest of the world is coasting along well, this from overnight news
National Australia Bank agreed to buy privately held U.S. lender Great Western Bank for $798 million.
I'm just saying there's so many factors.
Sometimes you just need to put things in perspective
That being said, in trading you don't fight the Fed, you go with the flow. In macro position plays, you have to form a viewpoint and place bets accordingly. Macro, I think the slowdown is just beginning.
The buyout of America is only beginning....
Nov. 29 (Bloomberg) edited down -- China Investment Corp., the nation's $200 billion sovereign wealth fund, signaled it may invest in stocks rocked by subprime mortgage defaults.
``CIC wants to be a stabilizing force in the international capital markets,'' Chairman Lou Jiwei told a conference in Beijing today. He then cited a ``recent example'' in which a similar fund invested in a financial institution with subprime losses, without identifying the two parties.
Abu Dhabi Investment Authority this week agreed to buy a $7.5 billion stake in Citigroup Inc., helping the biggest U.S. bank by assets to bolster capital eroded by credit-market losses. China Investment, which began operations in September, was set up to help improve returns on China's $1.46 trillion of reserves.
Abu Dhabi's investment followed purchases by U.A.E. fund Dubai International Capital LLC in companies including London-based HSBC Holdings Plc, Europe's biggest bank by market value.
Today, China's Ping An Insurance (Group) Co. bought a 4.2 percent stake in Fortis, Belgium's biggest financial company, for 1.81 billion euros ($2.7 billion). In October, Bear Stearns Cos., the second-biggest underwriter of U.S. mortgage bonds, sold a stake to China's government-controlled Citic Securities Co. for $1 billion."
Read the whole article if you get a chance.
northeast forecast...
Quote from BoyBrutus:
And what happened after September 11th after Greenie cut heavily - market rallied for 5 months.
The rest of the world is coasting along well, this from overnight news
National Australia Bank agreed to buy privately held U.S. lender Great Western Bank for $798 million.
I'm just saying there's so many factors.
Sometimes you just need to put things in perspective
History shows that during cutting phases, the market almost always rallies the next 4-6 months but then the underlying factors eventually take back over and it comes back to reality.
From 01 to 02 the rate was dropped from 6 to 2 % yet it still could not stop the recession nor the bear.
You got a cave ? I have a teepee with a honda generator.
checkout the retailors... sears....basically if the market was rescued yesterday, the retailor news...would have led to new lows.
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