Hello everyone. I was faced with a dilemma this morning. Continue a great thread I had closed but which got some late snarky comments that deserve a verbal beat down.... or start afresh.
As my first want is always to help others & since each week is different I have decided to start fresh.
Where are we now? Well we are in that phase of a bottom when those that have missed so much must be tempted in... the market is going up. Furthermore there are other outside forces some political that will see to it we rise a bit into the election... Certainly we can't be below 10,000 at poll time! Go ahead cut and paste that to goad me later I don't care... I firmly believe some good stuff happened earnings wise over the last five years... to have all of that gone from all of us... it doesn't seem right.
There is a dangerous game going on now and I would compare it to when the market has several slightly up days in a row only to have all of that wiped out in one big down day. Now it's 3 month LIBOR... I explained how traders are watching this number by the tic on the floor and several market comebacks have been preceded by an interday turn down by LIBOR... still in the big picture it has been moving at a snails pace... like several small up days... and were it's gains be wiped out in one move.... well it's deep in the soup time for all of us.
SO TODAY is the day I have been waiting for a significant % down in LIBOR and the market SHOULD respond with an up 300 day... the only fly in the ointment is the wall street journal did some good reporting evidently late Friday on JP Morgan doing some intentional moves somewhat against the grain that was done to effect LIBOR down... you might say a payback to Paulson... I have not read this piece so I shouldn't comment but the specter of these huge banks, GOV controlled and what they can do behind the scenes is of course scary.
ENERGY MONDAY.... We got you all into the Nat gas plays last week, not sure why but I continue to prefer them... Apache.... always a great stk, we'll be looking there.
AND IF YOU DID NOT BUY MOS on Friday's pull in MY GOD DO IT NOW! ~ stoney
As my first want is always to help others & since each week is different I have decided to start fresh.
Where are we now? Well we are in that phase of a bottom when those that have missed so much must be tempted in... the market is going up. Furthermore there are other outside forces some political that will see to it we rise a bit into the election... Certainly we can't be below 10,000 at poll time! Go ahead cut and paste that to goad me later I don't care... I firmly believe some good stuff happened earnings wise over the last five years... to have all of that gone from all of us... it doesn't seem right.
There is a dangerous game going on now and I would compare it to when the market has several slightly up days in a row only to have all of that wiped out in one big down day. Now it's 3 month LIBOR... I explained how traders are watching this number by the tic on the floor and several market comebacks have been preceded by an interday turn down by LIBOR... still in the big picture it has been moving at a snails pace... like several small up days... and were it's gains be wiped out in one move.... well it's deep in the soup time for all of us.
SO TODAY is the day I have been waiting for a significant % down in LIBOR and the market SHOULD respond with an up 300 day... the only fly in the ointment is the wall street journal did some good reporting evidently late Friday on JP Morgan doing some intentional moves somewhat against the grain that was done to effect LIBOR down... you might say a payback to Paulson... I have not read this piece so I shouldn't comment but the specter of these huge banks, GOV controlled and what they can do behind the scenes is of course scary.
ENERGY MONDAY.... We got you all into the Nat gas plays last week, not sure why but I continue to prefer them... Apache.... always a great stk, we'll be looking there.
AND IF YOU DID NOT BUY MOS on Friday's pull in MY GOD DO IT NOW! ~ stoney
