Oil beginning to threaten SIFs
- Thread starter nitro
- Start date
People are talking about bottoms again. While the market reaction to the LEH and UBS news is beginning to show that we may be close, there is one technical detail that suggests to me to continue to be cautious - XLF has a gap to fill.
Imo, investors should continue to be cautious with small shares long.
nitro
Imo, investors should continue to be cautious with small shares long.
nitro
Blah day.
Tomorrow will be the mother of all market related congressional hearings. Some of the players in the BSC debacle will be grilled in congress. Too bad Jimmy Cayne is not asked to be there.
The data quakes through the GLOBEX servers will be serious, batting the underlying stocks back and forth like rag dolls.
nitro
Tomorrow will be the mother of all market related congressional hearings. Some of the players in the BSC debacle will be grilled in congress. Too bad Jimmy Cayne is not asked to be there.
The data quakes through the GLOBEX servers will be serious, batting the underlying stocks back and forth like rag dolls.
nitro
These hearings make something that is really simple overly complex imo.
The problem with the system isn't the system, it is people. It is like asking what sorts of concoctions can we add to a gun so that people don't kill other people. You can put any gizmo you want on a gun, but it is eventually a person that pulls the trigger. The gun is a machine that has simple mechanisms.
My point is no one is asking: have we gotten too greedy so that no amount of regulation will solve these problems? Will runaway Capitalism implode on it's own weight as predicted by Marx? What kind of country encourages its citizens to spend constantly on crap, even to the point of regulators ignoring the use people's residence as a revolving credit card, so that people can have meaningless jobs? What is the logical conclusion of such a paradigm? They are all focusing on getting the flow of lending back again, so we can achieve the "american dream" of owning a house. Five hundred years since serfdom is still on our frontal lobes. LMAO.
Teach your children to value something other than money and inanimate things for sale. This generation is hosed already and it will take at least one generation to flush it of extreme greed above all else.
nitro
The problem with the system isn't the system, it is people. It is like asking what sorts of concoctions can we add to a gun so that people don't kill other people. You can put any gizmo you want on a gun, but it is eventually a person that pulls the trigger. The gun is a machine that has simple mechanisms.
My point is no one is asking: have we gotten too greedy so that no amount of regulation will solve these problems? Will runaway Capitalism implode on it's own weight as predicted by Marx? What kind of country encourages its citizens to spend constantly on crap, even to the point of regulators ignoring the use people's residence as a revolving credit card, so that people can have meaningless jobs? What is the logical conclusion of such a paradigm? They are all focusing on getting the flow of lending back again, so we can achieve the "american dream" of owning a house. Five hundred years since serfdom is still on our frontal lobes. LMAO.
Teach your children to value something other than money and inanimate things for sale. This generation is hosed already and it will take at least one generation to flush it of extreme greed above all else.
nitro
America reminds me of The Matrix. Analogously to the machines growing human beings to act as a battery for energy and implementing a mirage to replace reality in return, America the machine grows human beings to be uncontrolled consumers, and brainwashes them with the illusion that this is happiness. We all took the blue pill.
http://www.arrod.co.uk/essays/matrix.php
Where is Neo?
nitro
http://www.arrod.co.uk/essays/matrix.php
Where is Neo?
nitro
The unemployment #s are unambiguous. The markets are 100% assuming a recession before the unemp number came out this morning.
Everything points to a test of 1392 SPX, 1400 SPX and sooner than later a retest of 1420 SPX. The DOW theory will turn bullish earlier on YM, as the level of interest there is about 12740 on the cash. Obviously there is a premium to big cap in scary environments.
I am not going to argue with the market non-reaction this morning, but I tell you, this is being held up by people that need to put money into the lesser of evils: Bonds you get nothing, Commodities are a lottery ticket at these levels, the stock market while in denial since SPX may lose 150 handles from here, seems to be the least overvalued. Stocks markets should be red on this number.
Imo the FED will not lower FFFs below 2% bearing anything but massive recession. The risk in interest rates from here is 85% to the upside, not downside.
To investors, tiny shares long. Don't be fooled by a likely upswing from here. The only number that matters is 1420 SPX.
nitro
Everything points to a test of 1392 SPX, 1400 SPX and sooner than later a retest of 1420 SPX. The DOW theory will turn bullish earlier on YM, as the level of interest there is about 12740 on the cash. Obviously there is a premium to big cap in scary environments.
I am not going to argue with the market non-reaction this morning, but I tell you, this is being held up by people that need to put money into the lesser of evils: Bonds you get nothing, Commodities are a lottery ticket at these levels, the stock market while in denial since SPX may lose 150 handles from here, seems to be the least overvalued. Stocks markets should be red on this number.
Imo the FED will not lower FFFs below 2% bearing anything but massive recession. The risk in interest rates from here is 85% to the upside, not downside.
To investors, tiny shares long. Don't be fooled by a likely upswing from here. The only number that matters is 1420 SPX.
nitro