I think you are right. Overblown selling. That being said, it would not surprise me to see a small amount of reflex buying after Monday's slaughter, but I don't think anything significant will happen to the upside. And, yes, the big buyers, if there are any, will be waiting for key earnings.
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S&P about out of gas?
- Thread starter Manolo
- Start date
I think you are right. Overblown selling. That being said, it would not surprise me to see a small amount of reflex buying after Monday's slaughter, but I don't think anything significant will happen to the upside. And, yes, the big buyers, if there are any, will be waiting for key earnings.
Quote from peg_leg_joe:
I think you are right. Overblown selling. That being said, it would not surprise me to see a small amount of reflex buying after Monday's slaughter, but I don't think anything significant will happen to the upside. And, yes, the big buyers, if there are any, will be waiting for key earnings.
Lots of bank earnings this week, no? Long the BKX//short the SPX as a pairs trade -- or simply long the BKX from these levels.
riskarb
Quote from riskarb:
Lots of bank earnings this week, no? Long the BKX//short the SPX as a pairs trade -- or simply long the BKX from these levels.
riskarb
Lots of brokerage earnings too. But the charts of the brokerages that are reporting don't look good. Even if they report good or better than expected blow-out numbers, it looks like the charts want to go lower.
BSC and LEH report. We'll see..
But what in blue hell do I know? I just paper trade. And i'm not even paper trading these brokerage stocks, just watching them.
"A correction is one thing but selling due to some political uncertainty of a minor European country is simply irrational."Quote from Mecro:
I thought the trouble was of the Spain turmoil. As if anyone truly gives a rat's ass about their troops in Iraq. So they picked the socialist candidate, who cares.
The selling is overblown. A correction is one thing but selling due to some political uncertainty of a minor European country is simply irrational. I will not disagree that there is more trouble ahead as the wimpy investors are sooooo scared of big bad Al-Queda.
As for real buyers, I think they will be waiting for key earnings coming up soon. After that the real fun begins.
It represents more than that, Mecro, much more.
The Madrid attack represents terrorists forcing governments to divide previous agreements regarding remedy for terrorism and its demands in general.
Madrid is the balance of the scale. It tilted towards the realization that there is no winning against terrorism and is now set on simply undertaking pre-emptive strikes to PROTECT its population by no longer being part of the fast and furious Bush campaign to wipe out "Evil" from under the sun.
Something, the Bible indicates, will only happen upon the second coming of Jesus Christ.
George Bush is not Jesus Christ.
Sam
Quote from gamalruach:
"A correction is one thing but selling due to some political uncertainty of a minor European country is simply irrational."
It represents more than that, Mecro, much more.
The Madrid attack represents terrorists forcing governments to divide previous agreements regarding remedy for terrorism and its demands in general.
Madrid is the balance of the scale. It tilted towards the realization that there is no winning against terrorism and is now set on simply undertaking pre-emptive strikes to PROTECT its population by no longer being part of the fast and furious Bush campaign to wipe out "Evil" from under the sun.
Something, the Bible indicates, will only happen upon the second coming of Jesus Christ.
George Bush is not Jesus Christ.
Sam
Interesting Sam. Good stuff.
One word of caution: never take anything mecro says seriously.
He's an agitator.
Quote from Manolo:
Lots of brokerage earnings too. But the charts of the brokerages that are reporting don't look good. Even if they report good or better than expected blow-out numbers, it looks like the charts want to go lower.
BSC and LEH report. We'll see..
But what in blue hell do I know? I just paper trade. And i'm not even paper trading these brokerage stocks, just watching them.
Good thing I was just watching.
Quote from gamalruach:
"A correction is one thing but selling due to some political uncertainty of a minor European country is simply irrational."
It represents more than that, Mecro, much more.
The Madrid attack represents terrorists forcing governments to divide previous agreements regarding remedy for terrorism and its demands in general.
Madrid is the balance of the scale. It tilted towards the realization that there is no winning against terrorism and is now set on simply undertaking pre-emptive strikes to PROTECT its population by no longer being part of the fast and furious Bush campaign to wipe out "Evil" from under the sun.
Something, the Bible indicates, will only happen upon the second coming of Jesus Christ.
George Bush is not Jesus Christ.
Sam
Let me put it this way. If it was France that received a terrorist bomb, would you be at all surprised if they wussed out? No. Would we really care? No.
Now we just know that Spain is a wimpy country just like France, as if there was much doubt before. Their troops in Iraq only provide symbolism of alliance since in actual use they are near worthless. So screw them, let them grab their pants and run home to mommy. Now terrorists know that to get something from Spain requires a simple terror bomb.
Spain is not a major economic or political power. They have been a socialist country for quite a while now even if they pretend to support free enterprise. To be honest, I would not at all be surprised if the terrorist bombing was just a technique used to elect the socialists president. I'm sure there was some collaboration there.
Al Queda and radical Islam want to kill anyone and everyone that is not a believer of Allah (and even then it's debatable). Do you think appeasement is a solution at all? Screw Spain, let them learn the hard way. Good luck dealing with Al Queda.
Oh and also. It is still not confirmed that it was Al Queda anyway. I would place a bet that it was a technique by the socialist president to get elected.