coolhand's Account Talk

Sort by newest Sort by date
Yeah, it appears the market likes to climb the wall of worry though. I just have to maintain the idea that there will be few sellers in December as most do not want to not sell due to tax implications. Hey, if they waited this long to sell, then they can wait another 23 days before selling into the new year. In my opinion, the U.S and European markets will rally soon. I believe I looked at an S&P chart recently from one of those traders that clearly showed a bull flag formation on the S&P chart.

No doubt a break out is going to happen any day now. Hope to be on the right side of the trade. The smart money is going to lead us through this next leg up in my opinion. :nuts:

My only concern...am I in too early or should I wait another day? Talking too myself here.
 
FWIW...

In a recent video, Oscar indicated that stocks might begin moving up with USD rather than down against it. So what would precipitate this change? And is there any evidence that this has been occurring with any consistency?

Really appreciate your posts, CH...

coolhand said:
If the market begins to sense that dollar strength is the real deal, it could be watch out below for stocks.
Click to expand...
 
Christopher said:
FWIW...

In a recent video, Oscar indicated that stocks might begin moving up with USD rather than down against it. So what would precipitate this change? And is there any evidence that this has been occurring with any consistency?

Really appreciate your posts, CH...
Click to expand...

IMO, Oscar's theory might work out as long as the dollar's rise is slow and steady. Also, the re-emergence of the Yen carry trade is another supporting factor.

But as of right now, the correlation is still there. A big spike in the dollar and the unwinding of the dollar carry trade is not what you want to see.
 
350zCommTech said:
IMO, Oscar's theory might work out as long as the dollar's rise is slow and steady. Also, the re-emergence of the Yen carry trade is another supporting factor.

But as of right now, the correlation is still there. A big spike in the dollar and the unwinding of the dollar carry trade is not what you want to see.
Click to expand...

+1, thanks 350zCT...:)
 
The Economy is So Bad...

The economy is so bad that I got a pre-declined credit card in the mail.

It's so bad, I ordered a burger at McDonalds and the kid behind the counter asked, "Can you afford fries with that?"

The economy is so bad that CEO's are now playing miniature golf.

The economy is so bad if the bank returns your check marked "Insufficient Funds," you call them and ask if they meant you or them.

The economy is so bad Hot Wheels and Matchbox stocks are trading higher than GM.

The economy is so bad Obama met with three small businesses to discuss the Stimulus Package: GE, Pfizer, and Citigroup.

The economy is so bad parents in Beverly Hills fired their nannies and learned their children's names.

The economy is so bad Dick Cheney took his stockbroker hunting.

The economy is so bad Motel Six won't leave the light on anymore.

The economy is so bad the Mafia is laying off judges.

The economy is so bad Exxon-Mobil laid off 25 Congressmen.
 
That's what I was considering....C or S....but I guess if going in all the way....I guess going 50/50 C/S...may be as good as any....I've always invested all C or all S...usually C though...cause it's always posted on the finanical sites. Good Luck
 
coolhand said:
Follow-up to last post.

http://market-ticker.org/archives/1714-Volcker-Pulls-Back-The-Curtain.html
Click to expand...

Paul Volcker is right to expose the charade, but he doesn't go anywhere near far enough. What we need is people who are willing to talk about the why - not just the "what" - and who are willing to raise whatever amount of hell it takes to get the public enraged enough to demand change.
Unless, of course, you like having your pocket serially picked and are willing to suffer ....
Click to expand...
What does Denninger propose we - the public -do? We, tsp'ers, send the notes to our e-mail buddies, we write/call our legislators - is it that there just aren't enough of us raising cain? ...or that the adminstration is just refusing to hear us, including not listening to the reports of our elected state reps? :confused:
We hear/read constantly negatives addressed to others who object to certain threads the Government is taking.... what is left that we can get the listening-attention of our lawmakers?
During a phone town meeting w/a rep, I asked specifically if he would make an effort to get the Fed/Bernake audited & investigated. When I got my `letter of participation' it was thanking me for being part of this meeeting, that my expressed concerns about the health bill were heard, and it was being addressed. I have participated in one Republican and one Democrat phone townhall meetings. Obviously, I wasn't heard, or even read (one was an e-mail to a particular address 'cuz they ran oo time before they got to me.) :(
 
grandma said:
What does Denninger propose we - the public -do? We, tsp'ers, send the notes to our e-mail buddies, we write/call our legislators - is it that there just aren't enough of us raising cain? ...or that the adminstration is just refusing to hear us, including not listening to the reports of our elected state reps? :confused:
We hear/read constantly negatives addressed to others who object to certain threads the Government is taking.... what is left that we can get the listening-attention of our lawmakers?
During a phone town meeting w/a rep, I asked specifically if he would make an effort to get the Fed/Bernake audited & investigated. When I got my `letter of participation' it was thanking me for being part of this meeeting, that my expressed concerns about the health bill were heard, and it was being addressed. I have participated in one Republican and one Democrat phone townhall meetings. Obviously, I wasn't heard, or even read (one was an e-mail to a particular address 'cuz they ran oo time before they got to me.) :(
Click to expand...

We need grass roots mobilization. But the dragon we face is multi-headed and dangerous to all regardless of political persuasion. Our message is being heard grandma, as poll numbers have been showing. The more people who engage their respective politicians the more pressure that can be exerted towards making the true will of the people both known and acted upon.
 
http://www.briefing.com/GeneralCont...me=Investor&ArticleId=NS20091210085932PageOne

It was interesting to us that, on the same day it was reported Citigroup will pay back TARP, there were also reports that Treasury Secretary Geithner intends to extend the TARP plan until Oct. 31, 2010. If Citigroup was one of the neediest of TARP recipients, it seems to us that its repayment should mean TARP can be wound down sooner rather than later.

Something just does not line up properly with these respective developments. Secretary Geithner will be on the Hill today to defend the TARP extension request, which should make for some good theatre.
 
"Wake Up, Gentlemen..."

If Volcker has not made a dent yet, and is making nice speeches, and our media-worried "representatives" fumble, what chance? Those "gentlemen" are doing God's work and making even more money. And they get away with threatening to leave because there are plenty of homes for them at higher compensation for nonproductive instrument swapping. Some people know that everything is wrong on Wall Street but it hasn't affected the ratings of American Idol and So You Think You Can Dance. It's too hard.




"Something just does not line up properly with these respective developments. Secretary Geithner will be on the Hill today to defend the TARP extension request, which should make for some good theatre."

It has to take many months into next year to recast this slush fund into something Congress can employ to create something the President wants. We need to give them time to create another entitlement.
 
coolhand said:
It was interesting to us that, on the same day it was reported Citigroup will pay back TARP, there were also reports that Treasury Secretary Geithner intends to extend the TARP plan until Oct. 31, 2010. If Citigroup was one of the neediest of TARP recipients, it seems to us that its repayment should mean TARP can be wound down sooner rather than later.

Something just does not line up properly with these respective developments. Secretary Geithner will be on the Hill today to defend the TARP extension request, which should make for some good theatre.
Click to expand...
When you have nothing good to say, don't say anything......hmmm:mad:
 
More on the TARP extension. Oversight's Elizabeth Warren on CNBC gave us the clue that there are two ways to use newly identified "available funds" for a Jobs program. One, if the funds are funneled through banks. Two, if Congress changes the law. One of the two will happen but maybe a token will be saved from expenditure. Washington cannot bring itself to apply any savings to deficit reduction. 27 Senators saying they would like the $200B applied to deficit reduction is nowhere near enough to be effective since most of the 27 are just saving their butts with words.
 
coolhand said:
http://www.briefing.com/GeneralCont...me=Investor&ArticleId=NS20091210085932PageOne

It was interesting to us that, on the same day it was reported Citigroup will pay back TARP, there were also reports that Treasury Secretary Geithner intends to extend the TARP plan until Oct. 31, 2010. If Citigroup was one of the neediest of TARP recipients, it seems to us that its repayment should mean TARP can be wound down sooner rather than later.

Something just does not line up properly with these respective developments. Secretary Geithner will be on the Hill today to defend the TARP extension request, which should make for some good theatre.
Click to expand...

1)Bank borrows tarp......Money goes on balance sheet as income......Banks shows profits.....Stocks go up.

2)Bank payback tarp. Stock goes up.

3)go to step one.
 
CH, any thoughts on where the dollar is going from here? I've heard both sides lately...uptrend to continue, downtrend to resume shortly. :suspicious:
 
Nordic said:
CH, any thoughts on where the dollar is going from here? I've heard both sides lately...uptrend to continue, downtrend to resume shortly. :suspicious:
Click to expand...

Unfortunately, I have no idea. I don't follow currency markets much. Frixxxx, Uptrend, or 350z might have a theory though.
 
You must log in or register to reply here.

Similar threads

tsptalk
  • Article Article
TSP Talk - Stocks bounce Monday after last week's sell off
Replies
0
Views
5K
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - Just what the bulls needed - a boring Fed
Replies
0
Views
92
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - A quiet rally after a loud week
Replies
0
Views
3K
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - More new highs heading into earnings headlines
Replies
0
Views
317
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - Monday takes away Friday's big gains
Replies
0
Views
419
tsptalk
tsptalk
Back
Top