coolhand's Account Talk

[coolhand]

I'm hearing chatter about the new NFA changes going into effect end of this month. Some think it's to protect retail brokers and that something is about to blow up.

http://www.gftforex.com/announcement/FAQ-NFA-leverage-changes.asp

Remember this? :worried:

http://www.breitbart.com/article.php?id=CNG.172a2f217acbdb6e4e9b446773ee0f1c.a1&show_article=1

 

[mdszj]

ch

Looks like the futures market is open right now on Thanksgiving, and down almost 2%. Wow, for some reason I thought they would be closed today. Assuming that the futures stay red today, do you know if the stock market (SPX, NDX, etc) typically will "catch up" by gapping down on the open tomorrow in order to stay in synch with the futures?

thx and Happy Thanksgiving to everyone!! Gotta go and get ready to have a few Guinnesses and great food at the big family get together today!

 

[coolhand]

ch

Looks like the futures market is open right now on Thanksgiving, and down almost 2%. Wow, for some reason I thought they would be closed today. Assuming that the futures stay red today, do you know if the stock market (SPX, NDX, etc) typically will "catch up" by gapping down on the open tomorrow in order to stay in synch with the futures?

thx and Happy Thanksgiving to everyone!! Gotta go and get ready to have a few Guinnesses and great food at the big family get together today!

Looks like we'll get that weakness sooner rather later. Interesting how this came out when our markets were closed and most are on holiday break. Of course, the big money has computers to cover for them.

 

[coolhand]

Looks like we'll get that weakness sooner rather later. Interesting how this came out when our markets were closed and most are on holiday break. Of course, the big money has computers to cover for them.

Did I say weakness? That may be an understatement. This could actually start some serious selling pressure.

 

[coolhand]

Did I say weakness? That may be an understatement. This could actually start some serious selling pressure.

That Timing Point Projection chart may have nailed the top. Is it possible the Dubai bankrupcy it the catalyst that begins our decent? Dec 3rd was the actual day I believe the TPP picked for a top, but it doesn't have to peg it perfectly. Those charts need some room for interpretation. It's the basic trend of the chart that's important.

 

[CountryBoy]

This will be interesting. I wonder if more dominoes will follow?

http://www.cnbc.com/id/34160701

 

[coolhand]

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aklYbga4yU9E

 

[felixthecat]

Looks like the markets are going to take
a pretty sizable gap down to the tune
of 3+ percent. I've seen this panic turn around
before...but not going to be so easy this
time. In fact, world markets hammered full
circle, the Dollar is making good gains as
panic sets in. Glad I was able to exit on my
own terms...this looks ugly.

 

[coolhand]

http://www.briefing.com/GeneralCont...me=Investor&ArticleId=NS20091127090024PageOne

 

[coolhand]

I'm not sure exactly what to expect from this market next week, although I'm leaning bearish. Keep an open mind right now. Nothing is obvious.

http://globaleconomicanalysis.blogspot.com/2009/11/new-record-low-yield-on-two-year.html

 

[coolhand]

http://www.7days.ae/storydetails.php?id=75035&title=US+outrage+over+Citi+loan

 

[coolhand]

This should make the longs nervous.

http://www.cnbc.com/id/34168049

 

[nnuut]

Probably right, it seems we print more than that every month. I used to despise Dubai because every time I read an article about the Super City they were/are building all I could think is "that's our money, how STUPID we are" to let our resources go to waste while we are being RAPED by these CREEPS!
Yes we are VERY STUPID!!
BUT 85 Billion, Chicken FEED!

 

[amoeba]

FYI - share prices are now out; I shares at 18.19 (down from 18.80 yesterday). That's more than chicken feed. Might be worth keeping an eye on the goings on next monday. Anyone feel lucky?

 

[coolhand]

http://www.freerepublic.com/focus/f-bloggers/2394991/posts

 

[CountryBoy]

Very sobering view on the outlook of Real Estate and boy did it really smack our young people around compared to the young people in the Far East.

 

[Warrenlm]

Anyone have any more info concerning the email being actual ? Googling has not shown me any other meeting summary to confirm it. But, it seems real, and rather captures together the tidbits one hears in other news about the economy and real estate.

 

[Warrenlm]

.... I used to despise Dubai because every time I read an article about the Super City they were/are building all I could think is "that's our money, how STUPID we are" to let our resources go to waste while we are being RAPED by these CREEPS!
Yes we are VERY STUPID!!

I keep thinking of the Lawrence of Arabia movie. My, how far we've taken them, by transfering our wealth to them.

 

[coolhand]

The trader's over on Trader's Talk are leaning decidedly bearish tomorrow, but not enough to fade them. Think we're going to pop at the open and then reverse.

 

[grandma]

Anyone have any more info concerning the email being actual ? Googling has not shown me any other meeting summary to confirm it. But, it seems real, and rather captures together the tidbits one hears in other news about the economy and real estate.

It did not show up on Snopes.com under any of the Key Words...
I sent it to them for follow up...