coolhand's Account Talk

[coolhand]

Barring an intraday reversal, I suspect the Seven Sentinels will flip to a buy today.

 

[Birchtree]

Preach it brother - keep'em on the side lines. We all know how dangerous it is to play in this arena. Any type of pullback will scare the oink right out of them. Fear is good.

 

[coolhand]

Preach it brother - keep'em on the side lines. We all know how dangerous it is to play in this arena. Any type of pullback will scare the oink right out of them. Fear is good.

Really don't know what you're talking about. I'm not telling anyone what to do with their accounts. The news links are for info and conversation only, not for trading. My caveat that the SS should flip to a buy (barring an intraday reversal) is only an honest assessment. I don't have a crystal ball you know.

 

[fedgolfer]

Really don't know what you're talking about. I'm not telling anyone what to do with their accounts. The news links are for info and conversation only, not for trading. My caveat that the SS should flip to a buy (barring an intraday reversal) is only an honest assessment. I don't have a crystal ball you know.

Thanks for sharing your thoughts, CH. BT, you too.

 

[Boghie]

Really don't know what you're talking about. I'm not telling anyone what to do with their accounts. The news links are for info and conversation only, not for trading. My caveat that the SS should flip to a buy (barring an intraday reversal) is only an honest assessment. I don't have a crystal ball you know.

I think BT was discussing a prior post. The one regarding the HuffPo interview with Hoenig. Kinda apocalyptic - but, is it wrong.

The Fed has probably done what it could to preclude spiral deflation.

It wasn't helped much when the Treasury started Keynesian borrowing at the same time. That means that our Treasury cannot buy time once the Fed's stimulus is completed. The Administration fired their stimulus bullet at the wrong time. Too early.

We shall see if the economy is in survivable shape soon.

Very soon.

 

[coolhand]

I think BT was discussing a prior post. The one regarding the HuffPo interview with Hoenig. Kinda apocalyptic - but, is it wrong.

The Fed has probably done what it could to preclude spiral deflation.

It wasn't helped much when the Treasury started Keynesian borrowing at the same time. That means that our Treasury cannot buy time once the Fed's stimulus is completed. The Administration fired their stimulus bullet at the wrong time. Too early.

We shall see if the economy is in survivable shape soon.

Very soon.

And the banks that are "to big to fail" continue to plunder the masses with our help. Matt Taibbi's articles help illuminate how truly "owned" we are.

 

[fedgolfer]

The Administration fired their stimulus bullet at the wrong time. Too early.

We shall see if the economy is in survivable shape soon.

here is fact for my agency's stimulus spending... over 90% obligated, less than 15% in outlays. It's more spread out over time then the masses and media think. That is a good thing.... in fact, a great thing if you're an investor.

 

[Birchtree]

Now that is valuable information - thanx.

 

[coolhand]

You know, the media has been talking about pension shortfalls and state/county budget deficits for quite some time. When the heck is the rubber going to finally meet the road?

http://online.wsj.com/article/SB100...66192781597892.html?mod=WSJ_hpp_sections_news

http://www.latimes.com/news/local/la-me-la-city-budget6-2010apr06,0,2012176.story

 

[coolhand]

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a1CqfA2HPsMk

Los Angeles Mayor Antonio Villaraigosa called for shutting down “nonessential” city services two days a week, after Controller Wendy Greuel said the municipality’s cash may run out next month.

 

[coolhand]

Interesting report card on the economy.

http://www.realestateconsulting.com/Newsletters.aspx?quicklaunch=true&newsletter=US/us201003

 

[nasa1974]

Interesting report card on the economy.

http://www.realestateconsulting.com/Newsletters.aspx?quicklaunch=true&newsletter=US/us201003

Thanks CH, At quick glance it appears that we can only go up. I will have to spend some time going over the information.

 

[Show-me]

Coolhand,

Seems we are just treading water. I keep going back to the jobs article that claimed we needed to create 250,000 jobs a month to get back to even in five years.

I get the feeling we just permanently expanded the poverty class in America.

 

[coolhand]

Coolhand,

Seems we are just treading water. I keep going back to the jobs article that claimed we needed to create 250,000 jobs a month to get back to even in five years.

I get the feeling we just permanently expanded the poverty class in America.

I tend to agree with the "L" shaped recovery theory. And the stock market is hardly a barometer of economic health. Just a matter of time before the big money shifts gears and plays the downside again.

 

[Show-me]

Have you noticed that SLV and GLD, and oil for that matter, have been recovering even tho USD is rising?

I heard a rumbling from a extremist the the big institutional players were going to slam SLV buy shorting it to death. That would make sense if the dollar continues to rise.

Just some random thoughts.

 

[Show-me]

I should say recovering, no new highs to speak of.

 

[coolhand]

I think this is what the market is reacting to.

http://www.cnbc.com/id/36228883

 

[WorkFE]

Sounds about right CH

 

[tsptalk]

That is likely the culprit, but I would have thought that the earlier news on a possible VAT tax (redundant, I know) would have been more of a negative influence.

 

[Birchtree]

I want my boom - let me have an equity asset bubble. I won't tell anyone.