coolhand's Account Talk

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lol.
Whatever happens, history (the research by Pepperdine) supports a rally from Oct 31 thru the end of 2011 regardless of party affiliation.
You guys really don't want more stalemate do you??:cheesy:
From what I've heard, it is the party of the right touting how overpaid we gov't workers are compared to the private sector.......;)

ps- btw, if the prior OEW in June was any example, a gentle decline before the cliff is the weeks' order,
-just imagine floating down a river on an innertube in the warm summer sun, and then, after drifting off to light sleep as the water laps and lulls you, you awake to an increasingly thunderous crescendo, notice the river has entered a swift channel, and the treeline along the shore ends abruptly dead ahead!:laugh:

coolhand said:
Want to see a great reason for a big rally over the balance of this year?

http://globaleconomicanalysis.blogspot.com/2010/07/obama-admits-democrats-could-lose-house.html
Click to expand...
 
crws said:
lol.
Whatever happens, history (the research by Pepperdine) supports a rally from Oct 31 thru the end of 2011 regardless of party affiliation.
You guys really don't want more stalemate do you??:cheesy:
From what I've heard, it is the party of the right touting how overpaid we gov't workers are compared to the private sector.......;)

ps- btw, if the prior OEW in June was any example, a gentle decline before the cliff is the weeks' order,
-just imagine floating down a river on an innertube in the warm summer sun, and then, after drifting off to light sleep as the water laps and lulls you, you awake to an increasingly thunderous crescendo, notice the river has entered a swift channel, and the treeline along the shore ends abruptly dead ahead!:laugh:
Click to expand...

My post was not meant to be a political statement. But from a business perspective, depending on how things progress moving forward, the market may see it as a positive. :)
 
yea, I hear ya. From what I've read the markets like it stagnant.
-just itchin' for progress:worried:
 
coolhand said:
Want to see a great reason for a big rally over the balance of this year?
http://globaleconomicanalysis.blogspot.com/2010/07/obama-admits-democrats-could-lose-house.html
Click to expand...

Cool, I'd agree, except there is a ambitious effort to shove the "coffin nail" bills thru - before recess (and nap-time :nuts:).
Intent in posting this is soley to question and suggest the effect to the markets if this occurs!

..."The rush to recess gives Democrats little time to pass any major laws. That's why there have been signs in recent weeks that party leaders are planning an ambitious, lame-duck session to muscle through bills in December they don't want to defend before November. Retiring or defeated members of Congress would then be able to vote for sweeping legislation without any fear of voter retaliation..."
http://online.wsj.com/article/SB10001424052748704293604575343262629361470.html
 
checked the Europe markets?
pretty sight
Found it:
http://www.marketwatch.com/story/eu...sixth-straight-day-2010-07-13?dist=beforebell
LONDON (MarketWatch) -- European shares rose on Tuesday, after Alcoa got the U.S. second-quarter earnings season off to a good start, BMW hiked its earnings outlook and a report suggested that new bank capital rules will be less onerous than originally estimated.

"The main reason for the gains, I believe, is that there is talk that the Basel rules are being re-discussed and will probably become less stringent," said Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets.

Bloomberg reported, citing people familiar with the matter, that France and Germany are leading an effort to water those rules down.
"Banks have to become safe but on the other hand if you make them hold too much capital then they will not lend and that's badly needed to stimulate the economy," said Gijsels.
 
I don't think sentiment is at any kind of a bearish extreme, but I'm seeing more doom and gloom posts in some pockets than I normally do and not nearly as many bullish scenarios. But this is a bi-polar market that seems to be in a long term decline, so I guess I shouldn't be surprised by that. But even if this is a bear market we could see an explosive bearish upthrust. I thinking we're setting up for that now.

crws said:
checked the Europe markets?
pretty sight
Found it:
http://www.marketwatch.com/story/eu...sixth-straight-day-2010-07-13?dist=beforebell
LONDON (MarketWatch) -- European shares rose on Tuesday, after Alcoa got the U.S. second-quarter earnings season off to a good start, BMW hiked its earnings outlook and a report suggested that new bank capital rules will be less onerous than originally estimated.

"The main reason for the gains, I believe, is that there is talk that the Basel rules are being re-discussed and will probably become less stringent," said Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets.

Bloomberg reported, citing people familiar with the matter, that France and Germany are leading an effort to water those rules down.
"Banks have to become safe but on the other hand if you make them hold too much capital then they will not lend and that's badly needed to stimulate the economy," said Gijsels.
Click to expand...
 
coolhand said:
I don't think sentiment is at any kind of a bearish extreme, but I'm seeing more doom and gloom posts in some pockets than I normally do and not nearly as many bullish scenarios. But this is a bi-polar market that seems to be in a long term decline, so I guess I shouldn't be surprised by that. But even if this is a bear market we could see an explosive bearish upthrust. I thinking we're setting up for that now.
Click to expand...

The key is to get out before the huge fall? Preaching to the choir here. Tell us something we don't know.:D:D:D
 
nasa1974 said:
The key is to get out before the huge fall? Preaching to the choir here. Tell us something we don't know.:D:D:D
Click to expand...

It appears the SS (so far; knock on wood) has given us a good buy signal from last Friday. Of course significant gains (as usual) swept by before the system could trigger it. In a less manipulated market these signals would last much longer and be more accurate, but when will we see that again? All I can do watch the charts and hope it tips its hat early enough on the next sell signal to give us time to react. High volatility has not allowed for that though. That's gotta be those high-frequency trading systems coupled with significant resources pushing this market up and down like a yo-yo.
 
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