12%ayear's Account Talk

[12%ayear]

going to the S FUND...feeling that home builders and banks will skyrocket Monday on a cut

 

[350zCommTech]

going to the S FUND...feeling that home builders and banks will skyrocket Monday on a cut

Then you would want to be in the C fund. They're about 23% of the S&P.

 

[nnuut]

Is there going to be a cut BEFORE the next Fed Meeting? Where did this info come from? Let me see the holes!

 

[12%ayear]

Is there going to be a cut BEFORE the next Fed Meeting? Where did this info come from? Let me see the holes!

Just IMO.......read above!!

 

[12%ayear]

Then you would want to be in the C fund. They're about 23% of the S&P.

true, however;there are many small -caps banks,builders and add tech. to boot. They are very sold. Tech will explode once we get postive news from the FED. The markets are giving the FED the middle finger today. The markets is saying give us a cut you stubborn mule or we will not rally.

 

[sdouglas3]

Big boys pushing the market down to get a rate cut. The little guy will suffer and sell at the bottom.

 

[budnipper1]

Is there going to be a cut BEFORE the next Fed Meeting? Where did this info come from? Let me see the holes!

(Here is one mention of that rumor)
"Talk of an emergency Fed meeting and rate cut is making the rounds this morning, not surprisingly, as fear overwhelms the markets," said analysts at Action Economics.
http://www.marketwatch.com/news/story/stocks-halve-loses-fed-steps/story.aspx?guid=%7BAC186060%2DBBBD%2D462D%2D923E%2D0259425CC7C4%7D&dist=TNMostRead

By Kate Gibson, MarketWatch
Last Update: 11:23 AM ET Aug 10, 2007


NEW YORK (MarketWatch) - Stocks trimmed their losses after the Federal Reserve acted a second time Friday to ease the flow of credit and quell fears about a global credit crunch, with the central bank injecting another $16 billion into the market.

 

[fabijo]

Big boys pushing the market down to get a rate cut. The little guy will suffer and sell at the bottom.

EXACTLY!! Way too many people have remained calm through recent drops. It's about time people started worrying. Look at all the headlines and news.

"Fears about blah blah..."
"Subprime blah blah..."
"Foreclosures blah..."
"Slowdown...."
"Banks blah..."

They'll keep pumping these stories until all the weak hearted get out.

 

[sdouglas3]

With the markets coming back somewhat. This may have been the day to buy a position.

 

[love-to-bike]

With the markets coming back somewhat. This may have been the day to buy a position.

That's what I'm hoping for!

 

[ATCJeff]

Anybody seen any estimates of how much this credit crunch is going effect the GDP? I'm thinking by Spring we'll see GDP falling to less then 2% annually!

 

[sdouglas3]

I bought some small positions in the I, S and C funds today.

 

[fabijo]

Anybody seen any estimates of how much this credit crunch is going effect the GDP? I'm thinking by Spring we'll see GDP falling to less then 2% annually!

A survey of economists conducted by Wall Street Journal on Aug 7th had 2008 GDP average prediction to 2.8%, which is down from the average 2.9% prediction done in June. This year's prediction is 2.2%, down from June's predicted value of 2.3%.

 

[12%ayear]

you heard it here first!! I am willing to bet the market rallies 4-5% next week!!..looking at 13800-13900 range!! Fed cut coming to spike this sucker up!!

 

[fedgolfer]

you heard it here first!! I am willing to bet the market rallies 4-5% next week!!..looking at 13800-13900 range!! Fed cut coming to spike this sucker up!!

ha! earlier today everyone was ready to hang Ben. If we rise from here on the fed injection, they'll name business schools and condoms after the man.

 

[12%ayear]

setting-up nicely for Monday. Looking for some some returns this week.

 

[merlin]

setting-up nicely for Monday. Looking for some some returns this week.

I'm right there with you. Going all in, show me the money.

 

[FogSailing]

Asia is up right now...but it's not going gangbusters..I'm waiting to see how Europe reacts before I jump back in...although I am hoping/expecting to get back in on Tuesday if the tealeaves trend positive..

FS

 

[12%ayear]

ASIA was flat and early est.+15.cents. That is why I like the S Fund today. The OSMs are waiting for the USMs to lead the way. Although Europe is up, Nikkei closed +35, which is nothing. Tonight the Nikkei will explode up 300-400 points up, that is why I went to the I Fund for tomorrow!!

 

[Gritz]

Things are setting up nicely thus far this morning, nice call.