350zCommtech's Account Talk

[Griffin]

Once I feel this rally is about to run out of steam, perhaps as early as Monday, I will bail out and change my avatar back to the nuke explosion.

I like the shuttle, it's optimistic.

 

[jayhawker]

Just imagine what Asia could do for us I-Funders Monday!!! Japan might rebound ... what... 3%, 4%, 5%??? I can't wait! :nuts:

 

[350zCommTech]

Perhaps the discount rate reduction is only a prelude to better things to come. The market is a discounting mechanism and has a tendency to look out over several months to a year.

I agree. The Fed will most definitely cut in September, if not earlier. As much as I disagree with it, helicopter Ben and Goldman Suck's Paulson, will rescue their Wall Street friends.

 

[350zCommTech]

I like the shuttle, it's optimistic.

I know, but in this current situation, being optimistic is more dangerous than being bearish. There are too many land mines out there that are just waiting to get stepped on.

Just look at this headline. Is this scary or what?

A rush to pull out cash
By E. Scott Reckard and Annette Haddad
August 17, 2007
Worried about the stability of mortgage giant Countrywide Financial, depositors crowd branches. In Laguna Niguel, Bill Ashmore drove his Porsche Cayenne to the bank's office and waited half an hour to cash out $500,000. "It's got my wife totally freaked out," he said.

http://www.latimes.com/business/la-fi-countrywide17aug17,0,1835165.story?coll=la-home-center

 

[350zCommTech]

Just imagine what Asia could do for us I-Funders Monday!!! Japan might rebound ... what... 3%, 4%, 5%??? I can't wait! :nuts:

Lets not jinx ourselves....:nuts:

 

[fedgolfer]

short squeezing and momentum buying going on in a few names... hopes this spreads for the last hour

 

[12%ayear]

You will see a megarally in Asia...Nikkei is down 0ver 19% since midJuly. Looking for some payback here.

 

[fabijo]

Just imagine what Asia could do for us I-Funders Monday!!! Japan might rebound ... what... 3%, 4%, 5%??? I can't wait! :nuts:

That would be beautiful. 5.42% loss last night on the Nikkei. To make that back, it'll need a 5.72% gain!

 

[350zCommTech]

Note to self:

Wednesday might not be a good day. Toll Brothers report before the bell(thanks Show-me). They're a home builder that will probably report a loss and won't have anything nice to say.

 

[350zCommTech]

Note to self:

The BOJ will announce thier interest rate policy on Wednesday night/Thursday morning. Latest comments by the BOJ members suggested they were set on hiking, but the recent turmoil in the credit markets and the lowering of the discount window rate by the Fed, might have derailed their plans. The Yen carry trade is already hanging by a thread. Lifting rates now will surely cause armageddon.

 

[poolman]

thanks 350Z....

any quick charts for nikkei 225, nikkei 300, hsi, shanghei, dollar/yen?

What sucks is all my favorites are on my desktop..

 

[350zCommTech]

thanks 350Z....

any quick charts for nikkei 225, nikkei 300, hsi, shanghei, dollar/yen?

What sucks is all my favorites are on my desktop..

For realtime currencies: http://www.fxstreet.com/rates-charts/live-charts/
Keep and eye on USD/YEN. You need Java plugin. Use the Live Charts Window.

For realtime Nikkei: http://www.nni.nikkei.co.jp/CF/FR/MKJ/

For HSI: http://finance.yahoo.com/q?s=%5EHSI

For Shanghai: http://finance.yahoo.com/q?s=000001.SS

 

[350zCommTech]

Notes to self:

Aug 31, Japan, strong industrial production is expected.

 

[350zCommTech]

Once I feel this rally is about to run out of steam, perhaps as early as Monday, I will bail out and change my avatar back to the nuke explosion.

It's running out of steam. I'm running to the F fund. The BOJ injected more money last night and the Feds have done it again this morning. Something bad is about to happen. The Feds will have to cut the Feds fund rate soon, but it won't be tomorrow.

Another terrible Tuesday next week?

Hanover Capital Mortgage delays earnings release

By John Spence
Last Update: 8:46 AM ET Aug 15, 2007

BOSTON (MarketWatch) -- Hanover Capital Mortgage Holdings Inc. Wednesday said the release of its second-quarter financial results and conference call have been rescheduled for Aug. 21. The mortgage REIT "had to re-examine its position regarding declines in the fair value of its available for sale portfolio of its subordinate mortgage-backed securities collateralized by prime mortgage loans," said Chief Executive John Burchett in a statement. He also cited "a financing transaction that will have a material impact on the company's financial position" as a reason for the delay.
http://www.marketwatch.com/news/stor...CDBF33B8DBF%7D

I'll change my avatar back to the nuke.

 

[poolman]

It's running out of steam. I'm running to the F fund. The BOJ injected more money last night and the Feds have done it again this morning. Something bad is about to happen. The Feds will have to cut the Feds fund rate soon, but it won't be tomorrow.

I tend to agree with you. My gut is telling me somthing is not right. I bailing to F-Fund myself.

Fed injection after a discount rate cut is worrysome.

 

[350zCommTech]

Yesterday and Today looks like distribution days. Rallies are being sold. I'm staying in the F fund until this thing crashes or at least, 1-2 days of profit taking. New home sales was a joke. Builders said things are bad but government numbers are good? Who's lying? Just look at the dollar and bonds.

 

[350zCommTech]

Tomorrow's consumer confidence could keep the F fund moving up.

 

[350zCommTech]

Hmmm...It looks the F fund is running out of steam. The Stock market is selling hard but only the 10yr yield is down. Bond traders might be trying to price in Thursday's GDP report. I expect it to come in slightly above 3.4%. Anything near 3.4% will cause the market to rally and yields to rise.

I will be leaving the F fund today but I'm not sure if it's time to move back in to stocks yet. If I do it will be either C or S. The I fund is out of the question.

 

[350zCommTech]

That was a good prediction.

Thank you.

 

[350zCommTech]

I've decided to go to the G fund. I will wait for Japan to panic.