350zCommtech's Account Talk

[BeaverState]

Did you see Greenspan on 60 minutes? He said the reason why we're in Iraq is because of oil. Now, that's not news to me but, the majority of the public believes Bush.

Bush appointed Bernanke and Hank Paulson because he was told to. There are a lot of people to blame but Bernanke should have done just a .25% cut. He didn't have to go above and beyond. The reason why he did a .50% cut on Tuesday was the same reason why he cut the discount rate last month, Friday morning, prior to OPEX. Bernanke is one of the many Wall Street/big corporation whores in our country.

Or perhaps he did .50% precisely because of Greenspan going on 60 Minutes prior to the biggest day of Bernanke's career.

 

[350zCommTech]

Or perhaps he did .50% precisely because of Greenspan going on 60 Minutes prior to the biggest day of Bernanke's career.

No, by doing .50%, he became Greenspan.

I agree with vectorman. Ben doesn't want anybody shorting the market. His .50% cut did nothing for the MBS, CDO, ABCP market. Ben even said so himself in that speech two weeks ago. Watch for previously announced deals and LBO to fall apart. Remember how the market would usually be up on Mondays due to merger news?

CFC (Countrywide Financial) is a good one to pay attention to. Over a month ago, they borrowed 11.5B, then got 2B from BAC, and just recently, they somehow got another 12B. I'm not sure where they got he last 12B, but IMO, CFC is a ticking time bomb.

 

[12%ayear]

Next week IMO the fear will come back to the markets with all negative questions causing a sell-off.

 

[350zCommTech]

Next week IMO the fear will come back to the markets with all negative questions causing a sell-off.

Existing home sales(for Aug) comes out on Tuesday. Should be bad.

 

[12%ayear]

Existing home sales(for Aug) comes out on Tuesday. Should be bad.

i agree with you

 

[fabijo]

Existing home sales(for Aug) comes out on Tuesday. Should be bad.

My sons (ages 4 and 6) like playing some sort of opposite game. They say, "Good means bad and bad means good." If the existing home sales are bad, we may see more irrational good from the stock market - rate cuts galore!

 

[12%ayear]

My sons (ages 4 and 6) like playing some sort of opposite game. They say, "Good means bad and bad means good." If the existing home sales are bad, we may see more irrational good from the stock market - rate cuts galore!

yes, but sometimes on wall st good means good and bad means bad

 

[12%ayear]

next week should be fun, looking for a pullback

 

[12%ayear]

watch the pop and drop

 

[Warrenlm]

12%, is the pop today and the drop tomorrow? Or both in one day?

 

[350zCommTech]

I have the I fund up .231% or 6 cents.


I'm thinking about moving back to the F fund. Existing home sales should help the F fund and cause the dollar to fall.

 

[350zCommTech]

The F fund is flat at the moment.

 

[350zCommTech]

The Yen is on the rise....

 

[350zCommTech]

The I fund is in -FV territory.

 

[GUCHI]

is that good or bad for folks moving into the I fund for tuesday ?

 

[weatherweenie]

is that good or bad for folks moving into the I fund for tuesday ?

In theory, it's good.

 

[350zCommTech]

is that good or bad for folks moving into the I fund for tuesday ?

In theory, it's good.

Yup, it's a good thing. History has shown that the day after a -FV is usually a good day, as the -FV becomes a + for the next day. Even if there is a big sell-off tomorrow, the pain will be lessened by the FVC.

 

[12%ayear]

what was the -fv estimate? ty

 

[350zCommTech]

what was the -fv estimate? ty

If they use the EFA, it's not enough for a -FV.

If they use the Dow or S&P, It'll be 16 -FV, plus today's 5 = -11 cents total.


My bet is on a -FV of 16 cents.

 

[12%ayear]

I still think the I Fund is very risky at this stage. The US Dollar is way oversold and looking for a huge bounce. Also, the OSMs are due for a pull-back. Tomorrow we have durable orders. U.S. Treasury Secretary Henry Paulson is pushing the US DOLLAR. Shares in the two biggest German banks, Deutsche Bank and Commerzbank, pitched lower Monday following an unconfirmed report that the former faced losses of up to 1.7 billion euros (2.4 billion dollars) linked to the US subprime crisis. http://afp.google.com/article/ALeqM5irbCilH8NF8Dr0h-IebzJS7o6ydg This will hurt OSMs more tomorrow.