The Surf Report

Wittgenstein · Dec 6, 2008

Jim Cramer has a point:

http://www.cnbc.com/id/28072104

sportsguy · Dec 6, 2008

A banking inflection point has occurred. Last week, for the first time in recent weeks, the banks borrowed less from the federal, down 7+ billion or so, which is the first sign that the banking system capital adequacy ratios are starting to improve.

sportsguy

long SSO, ALC, SUNH, BKD, URE
"401K all in at the next major down move"

marketsurfer · Dec 7, 2008

Quote from ProfLogic:

Try looking into this hedge fund.

Peter Eliades was on TV a week ago last Thursday with Erin. He was also on with Neil Cavuto but I can't find a video clip:

http://www.cnbc.com/id/15840232?video=883806700&play=1

Peter Eliades!! When I first got into the market back in 1990, I read his newsletter-- have not heard this name for many years--thanks!!

He doesn't really have an edge and we don't invest in any fund that trades stocks--

but thanks for the blast from the past!

marketsurfer · Dec 7, 2008

Quote from sportsguy:

A banking inflection point has occurred. Last week, for the first time in recent weeks, the banks borrowed less from the federal, down 7+ billion or so, which is the first sign that the banking system capital adequacy ratios are starting to improve.

sportsguy

long SSO, ALC, SUNH, BKD, URE
"401K all in at the next major down move"

thanks for the observation, best wishes!

Wittgenstein · Dec 7, 2008

Quote from marketsurfer:

Peter Eliades!! When I first got into the market back in 1990, I read his newsletter-- have not heard this name for many years--thanks!!

He doesn't really have an edge and we don't invest in any fund that trades stocks--

but thanks for the blast from the past!

Look at this:

http://www.stockmarketcycles.com/081108.htm

QQQBALL · Dec 7, 2008

Quote from marketsurfer:

i concur with 2009 being up. market simply can't resist the cash infusion and idle money---its gotta go up here pending no black swan type event....

near-term there are alot of potential ABCs up on many, many charts.

the market is so deviant, that scared money will get progressively get shaken into the market neat the next top.

marketsurfer · Dec 7, 2008

Quote from Wittgenstein:

Look at this:

http://www.stockmarketcycles.com/081108.htm

interesting, thanks!

marketsurfer · Dec 7, 2008

let's think about why the stock market MUST go up now.

ultra low interest rates and massive government support-- it doesn't get any more bullish-- every pull back MUST be bought now and there will be pull backs, some severe temporially but think of the very core function of the market--

conventional wisdom doesn't work in an unconventional, govt. aided marketplace.

Lawrence Chan · Dec 7, 2008

Quote from marketsurfer:

let's think about why the stock market MUST go up now.

ultra low interest rates and massive government support-- it doesn't get any more bullish-- every pull back MUST be bought now and there will be pull backs, some severe temporially but think of the very core function of the market--

conventional wisdom doesn't work in an unconventional, govt. aided marketplace.

Since Friday is up, you are making this projection?

Just like last time, please provide a stop price level.

Thanks.

marketsurfer · Dec 7, 2008

Quote from Lawrence Chan:

Since Friday is up, you are making this projection?

Just like last time, please provide a stop price level.

Thanks.

no, this is not a short term call.

my exact call of 7777 being bottom of DJIA was wrong, but the bullish move after it was broken triggered in a big way--now up almost 1000 points over 7777. post has nothing to do with friday. when i have a short term call, i will post entry exit levels.

thanks surf