ATCJeff's Account Talk

[fabijo]

me neither.

 

[KevinD]

Oh well. I'm headed to north GA tomorrow to waste some tire rubber and was wondering if anybody local to me wanted to tag along.

 

[ATCJeff]

Asia down 4-5% early.

http://finance.yahoo.com/q/cq?s=^N300,^N225,^AORD,^HSI,^STI,^NZ50

 

[Corepuncher]

Jeff...while it was fun to interact, why did you make me go 100% in? j/k

HUGE VIX tail as well as daily candle tail. half the market was hitting new lows. No place was left to hide. Rally hard at the close. Bottom may be in...at least for a while. I think we'll have a hard rally day within a week or two, then maybe we can hit 1200 again, before the rally dies and we go for a new low.

The best sign the bottom is in? Cramer is telling everyone to sell and that we could go down another 20%. Booyah!

 

[ATCJeff]

Jeff...while it was fun to interact, why did you make me go 100% in? j/k

HUGE VIX tail as well as daily candle tail. half the market was hitting new lows. No place was left to hide. Rally hard at the close. Bottom may be in...at least for a while. I think we'll have a hard rally day within a week or two, then maybe we can hit 1200 again, before the rally dies and we go for a new low.

The best sign the bottom is in? Cramer is telling everyone to sell and that we could go down another 20%. Booyah!

I'm with you. I just hate I wasted 6 months getting back to a positive return. That work was gone in three days. I'm also looking for the market to get back to the mid twelve hundreds.

PS I did say not to try this at home.....

 

[airlift]

You guys are doing fine. With Australia having cut 100 basis points, recapitalization plans in Europe taking place and talks about lowering interest rates, Cramer seems to be a contrarian indicator at least for some time. Spot on!

 

[Corepuncher]

PS I did say not to try this at home.....

I know...I WAS AT WORK! LOL!

 

[fedgolfer]

Bernanke speaks at 1pm, correct?

Anyone think a rate cut will come, today... or, later this week... or, next FOMC meeting?

 

[Guest2]

Bernanke speaks at 1pm, correct?

Anyone think a rate cut will come, today... or, later this week... or, next FOMC meeting?

He might say; we are ready and focused on keeping our options open.
Then pull a move tomorrow. Gosh, I don't know ! We all want him to
announce a Rate Cut today, but that might not come.

 

[fedgolfer]

He might say; we are ready and focused on keeping our options open.
Then pull a move tomorrow. Gosh, I don't know ! We all want him to
announce a Rate Cut today, but that might not come.

It's like the Central Banks are playing the stare-game and don't want to blink first. Benny probably wants the momentum in the Dollar to continue upwards... the ECB doesn't want to be first to blink either because if the FED and ECB cut, the currency momentum will go to the last one who cuts... I dunno, maybe?!

 

[Intrepid_Timer]

It's like the Central Banks are playing the stare-game and don't want to blink first. Benny probably wants the momentum in the Dollar to continue upwards... the ECB doesn't want to be first to blink either because if the FED and ECB cut, the currency momentum will go to the last one who cuts... I dunno, maybe?!

I would think, be the first to cut, take the hit on the currency(ours has been up for awhile) then ride the momentum back up when everyone else cuts.

 

[fedgolfer]

... could be, dollar/euro has had some counter-intutitive moves since July. You'd think if they want to stabilize, they'd cut sooner than later.

Anyway, anyone listening to Ben now? Doesn't sound like the type of speech, that at the end he would say, "oh, by the way, we're cutting 100 basis points on the Fed's Fund rate."

Just say it Ben, just say it.

 

[WIND_HUNTER]

... could be, dollar/euro has had some counter-intutitive moves since July. You'd think if they want to stabilize, they'd cut sooner than later.

Anyway, anyone listening to Ben now? Doesn't sound like the type of speech, that at the end he would say, "oh, by the way, we're cutting 100 basis points on the Fed's Fund rate."

Just say it Ben, just say it.

Whatever he said wasn't good. Markets free falling....

 

[weatherweenie]

Whatever he said wasn't good. Markets free falling....

NEW YORK (Reuters) - Stocks extended losses on Tuesday, with the Nasdaq and the S&P 500 briefly falling more than 3 percent, after Federal Reserve Chairman Ben Bernanke cautioned that downside risks to economic growth have worsened, though he signaled a readiness to lower interest rates.

 

[fedgolfer]

if inthemoneystocks was still free, he may be saying, "at 2:10 pm EST, we have a technical bounce on the 10 minute candlestick off the UYG chart, specifically a rebound off the lower bollinger, testing the 20 SMA... but at higher volume than yesterday afternoon's late day spike. Strong possibility we're putting in a rounding bottom on the the 5-day intraday charts. may suggest some confidence coming back into the financials." Or maybe that's what I'd hope he'd say.

 

[ATCJeff]

Bernanke speaks at 1pm, correct?

Anyone think a rate cut will come, today... or, later this week... or, next FOMC meeting?

No!

 

[ATCJeff]

... could be, dollar/euro has had some counter-intutitive moves since July. You'd think if they want to stabilize, they'd cut sooner than later.

Anyway, anyone listening to Ben now? Doesn't sound like the type of speech, that at the end he would say, "oh, by the way, we're cutting 100 basis points on the Fed's Fund rate."

Just say it Ben, just say it.

I was in a class all day at work and missed the speach!

 

[ATCJeff]

as of today

 

[Intrepid_Timer]

I would think, be the first to cut, take the hit on the currency(ours has been up for awhile) then ride the momentum back up when everyone else cuts.

Didn't even consider everyone cutting rates all at one time. :blink:

 

[ATCJeff]

What the Doctor ordered...

TARP-$700 billion bailout--Taxpayers Are Really Pissed.

CEO --Chief Embezzlement Officer.

CFO-- Corporate Fraud Officer.

BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.

BEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex.

VALUE INVESTING -- The art of buying low and selling lower.

P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing.

BROKER -- What my broker has made me.

STANDARD & POOR -- Your life in a nutshell.

STOCK ANALYST -- Idiot who just downgraded your stock.

STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves.

FINANCIAL PLANNER -- A guy whose phone has been disconnected.

MARKET CORRECTION -- The day after you buy stocks.

CASH FLOW -- The movement your money makes as it disappears down the toilet.

YAHOO -- What you yell after selling it to some poor sucker for $240 per share.

WINDOWS -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.

INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.

PROFIT -- An archaic word no longer in use.

http://www.etfdigest.com/davesDaily.php