coolhand's Account Talk

[coolhand]

Wall Street Sees World Economy Decoupling From U.S.

http://www.bloomberg.com/news/2010-...-in-slowdown-returns-as-wall-street-view.html

 

[coolhand]

S&P 500 Profits Cut for First Time in Year by Analysts

http://www.bloomberg.com/news/2010-...-first-time-in-year-in-analyst-forecasts.html

 

[coolhand]

It's Time For The Fed To Stop Screwing Savers And Bailing Out Banks And Borrowers With 0% Rates

http://www.businessinsider.com/its-...-everyone-else-with-money-in-the-bank-2010-10

 

[coolhand]

Scientists, Secrets and Wall Street's Lost $4 Trillion

http://www.zerohedge.com/article/sc...the+survival+rate+for+everyone+drops+to+zero)

 

[coolhand]

On Tomorrow's Secret Meeting To Plot The End Of High Frequency Trading

http://www.zerohedge.com/article/tomorrows-secret-meeting-eliminate-high-frequency-trading

 

[WIND_HUNTER]

On Tomorrow's Secret Meeting To Plot The End Of High Frequency Trading

http://www.zerohedge.com/article/tomorrows-secret-meeting-eliminate-high-frequency-trading

Scary stuff here. I may be in the G fund for a while.

 

[coolhand]

Scary stuff here. I may be in the G fund for a while.

It had to happen. Large institutions are being crushed by HFT. Their survival depends on being able to show their clients a reasonable profit, but that's becoming quite elusive in the current environment. But this is just the next volley in what I'm sure will be a continuing war to tilt the market in ones favor.

 

[coolhand]

I didn't have a robust sell signal from my short term system and today's weakness pushed it back to a buy, but not all indicators are giving me a buy signal. Only enough to flip back to a buy. That's why I'm hedging with 40% G.

 

[coolhand]

Forget China, The New Buzz Will Be All About The Collapse Of Brazil

http://www.businessinsider.com/the-brazil-bust-2010-10

 

[coolhand]

Is A 90 Day "Mortgage Meltdown" Foreclosure Moratorium Imminent As The RoboSigning Scandal Goes Mainstream?

http://www.zerohedge.com/article/90...-imminent-robosigning-scandal-goes-mainstream

 

[coolhand]

U.S. "flash crash" report ignores research - Nanex

http://www.reuters.com/article/idUSN0413395620101004

 

[Warrenlm]

Opinion by Laffer today on the effect of soak the rich taxes. Hope I'm not duplicating another post.
http://topics.wsj.com/article/SB20001424052748703882404575520241519315372.html

 

[coolhand]

Opinion by Laffer today on the effect of soak the rich taxes. Hope I'm not duplicating another post.
http://topics.wsj.com/article/SB20001424052748703882404575520241519315372.html

This proves how elusive solutions to economic policy is. It's folly to think that by passing some piece of legislation perceived goals will be achieved. At least not in the longer term.

 

[coolhand]

The bearishness continues as indicated by the futures market. Of course some currency manipulation doesn't hurt either (Japan Yen).

While my short term system went on a buy yesterday, my intermediate term system (SS) went to a sell. It's a mixed bag, but as I've been saying for a few days now, sentiment appears to be limiting the downside. If traders try to short this expected gap up at the open we may end up with a big price advance for the bulls by the close. It's entirely possible that the SS could flip back to a buy under these circumstances.

 

[coolhand]

Looking like a big-time break-out here. No hint of weakness and it's not even noon yet.

 

[nasa1974]

Looking like a big-time break-out here. No hint of weakness and it's not even noon yet.

If the lunch bunch stands true to form we may see some profit taking over the next hour or so. Birch might be right we could see a sky rocket effect if the S&P can rise abouve 1160. The high point for the day has been 1158.82. Hang on it is going to get blurry.

 

[crws]

Looking like a big-time break-out here. No hint of weakness and it's not even noon yet.

We are 200 points away fom May 3 - Dow 11,151 "Sell in May and go away (until St. Ledger's Day...(UK version))"
St Ledger's Day was Sept 11.

 

[coolhand]

I just used my second IFT for the month. Pushed another 20% into stocks and 20% into bonds. New allocation is 20/20/35/25 FCSI.

Since this was my final IFT I put 20% in bonds as I won't be able to IFT to that fund should I decide to bail later in the month. F fund has been very good this year and to date that trend has not changed.

 

[coolhand]

Fed Officials Mull Inflation as a Fix

http://online.wsj.com/article/SB100...1732.html?mod=WSJ_hpp_LEFTWhatsNewsCollection

 

[coolhand]

POLL: Dislike of healthcare law crosses party lines, 1 in 4 Dems want repeal

http://thehill.com/house-polls/the-...staste-for-healthcare-law-crosses-party-lines