350zCommtech's Account Talk

[JTH]

I’m just guessing here, but would it be reasonable to assume the Fed wouldn’t care to cut rates in what is traditionally the most volatile month of the year?

I’m also curious about the quick 10% correction we had. Could it be we still haven’t gotten the proper correction yet?

 

[350zCommTech]

I’m just guessing here, but would it be reasonable to assume the Fed wouldn’t care to cut rates in what is traditionally the most volatile month of the year?

I don't think that enters into their assessment.

I’m also curious about the quick 10% correction we had. Could it be we still haven’t gotten the proper correction yet?

Maybe. With all the unknowns in credit market, I would expect a retest of 1370 on the S&P. Or maybe lower if we head into a recession.

 

[350zCommTech]

I think the market will sell-off this afternoon. I'm going to play for the -FV.

I fund.

 

[FogSailing]

Why are you expecting the selloff this afternoon? Profit taking??Overbought?

Thanks,

FS

 

[350zCommTech]

Why are you expecting the selloff this afternoon? Profit taking??Overbought?

Thanks,

FS

Divergence in the Russel and the VIX. The Nasdaq appears to be reluctant.

The CFC news should have been taken as bad news, because it means that they are on the verge of bankruptcy. Any sell-off this afternoon won't be extreme because of the bernake PUT. And if it doesn't sell off this afternoon, Japan will shoot up, thanks to the weak Yen.

 

[FogSailing]

Thanks for your thoughts 350..I was watching the VIX, but the positive divergence in the RSI of the various funds this am made me think we were about ready to establish a new trend line either sideways or to the upside.

I do hope I pops tonight. It means the week would have been a good one for me, although I'm not breaking any records..

Thanks,

FS

 

[350zCommTech]

Thanks for your thoughts 350..I was watching the VIX, but the positive divergence in the RSI of the various funds this am made me think we were about ready to establish a new trend line either sideways or to the upside.

I do hope I pops tonight. It means the week would have been a good one for me, although I'm not breaking any records..

Thanks,

FS

I use the RSI too, but don't forget that the RSI is a lagging indicator.

 

[12%ayear]

I have a feeling the I Fund will sell-off this afternoon with the -fv plus Nikkei will sell-off also with a down USM..IMO of course

 

[350zCommTech]

100% G fund. Going for the penny. The crashing dollar is now causing a rise in the Yen. This will start to affect the Yen carry trade.

 

[350zCommTech]

Excellent video of Ron Paul grilling Bernake.

http://www.youtube.com/watch?v=AeHWW5gbc0w

Btw, how does one insert a Youtube video?

 

[fedgolfer]

ha ha ... although Paul thinks we don't have a $ policy... unfortunately their is one and it only benefits the large multinat'l corporations. If the ECB, BOE, BOJ all follow suit in cutting, couldn't we see a stabilization and even a possible increase in the $?

Bernanke looked so patronizing in his non-response.

 

[350zCommTech]

It's going to suck to be in the F fund today. You can blame Helicopter Ben for this. His decision to cut .50%, to prop up the market while his buddies sell, has devalued the dollar by 1% today alone. This devaluing of the dollar is causing a major dumping of the US treasury. Foreigners might also be dumping. The long end of the yield curve is rising fast. This will hurt the mortgage and housing industry even more. The stock market will soon understand this.

View attachment 2148

 

[SCHAGAN]

I'm feeling that F pain today. I guess I look at the C fund and S fund for today and think to myself it could be worse.

 

[12%ayear]

Happy to see 350z back in the mix. Always a pleasure to read his posts. Very informative to say the least.

 

[fabijo]

Excellent video of Ron Paul grilling Bernake.

http://www.youtube.com/watch?v=AeHWW5gbc0w

Man, he had a lot of air time. What the heck kind of response was that from Bernanke???

I can't wait to cast my ballot for Ron Paul.

 

[fedgolfer]

350, you make it sound like we should take a $50k loan out of TSP and invest it overseas on equities not impacted by the falling $? Do companies like RIO, BHP, SI, BIDU that are traded on the naz and NYSE, are they impacted by the $ in the way Barclay's monkey's w/ the I-fund FV? My assumption is no, but I'd like to know for sure.

 

[12%ayear]

The I fund looking like some -fv is shaping up. 350z, and idea on that? ty

 

[350zCommTech]

ha ha ... although Paul thinks we don't have a $ policy... unfortunately their is one and it only benefits the large multinat'l corporations. If the ECB, BOE, BOJ all follow suit in cutting, couldn't we see a stabilization and even a possible increase in the $?

Bernanke looked so patronizing in his non-response.

Yes, a concerted cut will help stabilize the dollar, but they all have real inflation problems of their own. All three, ECB, BOE, and BOJ were set to raise rates again, prior to the credit crunch. When push comes to shove, they will all throw inflation expectations out the window and follow the US. Which means interest rates will be rising everywhere.

 

[350zCommTech]

Happy to see 350z back in the mix. Always a pleasure to read his posts. Very informative to say the least.

Thank you 12%.

 

[12%ayear]

Remember after the close ORCL reports. This will help the NASDAQ out tomorrow. Alot of shorts are coming in.