coolhand's Account Talk

It's today. I'm splitting the risk here by going 50% as don't quite have a confirmed buy signal, but this market has not allowed slow moving dip buyers to take advantage of weakness.

I guess the decline begins in earnest now. :rolleyes::laugh:

Is that IFT COB today or tomorrow?
A potential preemptive strike.:nuts:
 
As Stocks Push Higher, Pros Find It Harder to Make Money

http://www.cnbc.com/id/41492890

"It's frustrating that the market continually sees a bid. We know that we're playing a game that is somewhat rigged...But the sustainability is evident and can continue to be evident for a while."


"...somewhat rigged"??? Seems like an understatement to me. :rolleyes:
 
As Stocks Push Higher, Pros Find It Harder to Make Money

http://www.cnbc.com/id/41492890

"It's frustrating that the market continually sees a bid. We know that we're playing a game that is somewhat rigged...But the sustainability is evident and can continue to be evident for a while."


"...somewhat rigged"??? Seems like an understatement to me. :rolleyes:

You & me both CH. When the feds step in and float this market they rigged it for everyone. These gains will eventually be taken back through the inflation I'm paying now and the inpending crash.
 
I'm sure we'll see a "correction" eventually, but I don't think it will be the big one. I suspect we've got at least a few more months of upward movement to go. But I agree with you, sooner or later they'll take it back.

You & me both CH. When the feds step in and float this market they rigged it for everyone. These gains will eventually be taken back through the inflation I'm paying now and the inpending crash.
 
Egyptians Vow Biggest Demonstrations After Mubarak Hangs On

http://www.bloomberg.com/news/2011-...-delegates-authority-to-egypt-s-suleiman.html

Muslim Brotherhood’s Katatni Says Mubarak Speech ’Not Enough’

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=acxWvQ0TS3uE

Goldman Sachs Former Chief Whitehead Says NYSE Deal `An Insult'

http://www.bloomberg.com/news/2011-...ead-calls-nyse-s-planned-sale-an-insult-.html

Dimon Calls Fannie, Freddie `Biggest Disasters of All Time'

http://www.bloomberg.com/news/2011-...e-freddie-biggest-disasters-of-all-time-.html

Buffett Tells Crisis Commission It's Powerless to Stop `Too Big to Fail'

http://www.bloomberg.com/news/2011-...-it-s-powerless-to-stop-too-big-to-fail-.html

Mubarak Deepens Crisis

http://online.wsj.com/article/SB100...36101983949120.html?mod=WSJ_hp_LEFTTopStories

Crisis Puts White House in Disarray

http://online.wsj.com/article/SB100...36743649012416.html?mod=WSJ_hp_LEFTTopStories

The Time for Spending Cuts Is Now

http://online.wsj.com/article/SB100...21734322078.html?mod=WSJ_hpp_sections_opinion

IMF calls for dollar alternative

http://money.cnn.com/2011/02/10/markets/dollar/index.htm

State spent $90 million a day on unemployment benefits

http://latimesblogs.latimes.com/mon...0-million-a-day-on-unemployment-benefits.html

Investors push money back into mutual funds

http://www.usatoday.com/money/perfi/funds/2011-02-11-1Aassetshift11_ST_N.htm

U.S. domestic stock funds gain, munis lose-Lipper

http://www.reuters.com/article/2011/02/11/investing-fundflows-lipper-idUSN1026809820110211
 
Egypt Army Suspends Constitution, Meets Protester Demand

http://www.bloomberg.com/news/2011-...rliament-dissolved-military-council-says.html

Japan's GDP Contracts, Surpassed by China in 2010

http://www.bloomberg.com/news/2011-...nual-pace-gdp-surpassed-by-china-in-2010.html

Laffer Curve Pays Billions If Obama Just Asks: Kevin Hassett

http://www.bloomberg.com/news/2011-...ma-just-asks-commentary-by-kevin-hassett.html

Mideast Unrest Spreads

http://online.wsj.com/article/SB100...41701347446530.html?mod=WSJ_hp_LEFTTopStories

Trouble in Acapulco's Paradise

http://online.wsj.com/article/SB100...909277280.html?mod=WSJ_hpp_sections_lifestyle

Public-Worker Unions Steel for Budget Fights

http://online.wsj.com/article/SB100...0.html?mod=WSJ_hp_MIDDLENexttoWhatsNewsSecond

Bahrain Now Bracing For Its Own Day Of Rage After Giving Every Family $2,660 Fails

http://www.businessinsider.com/bahrain-day-of-rage-2011-2

The Future Of Public Debt Is Terrifying

http://www.businessinsider.com/the-future-of-public-debt-2011-2

What Part Of Bernanke's Secret FCIC Interview Constitutes A Disclosure Of National Secrets?

http://www.zerohedge.com/article/wh...rview-constitutes-disclosure-national-secrets

Federal investigators expose vast web of insider trading

http://www.washingtonpost.com/wp-dyn/content/article/2011/02/12/AR2011021200373.html
 
I think you’re right we will see a slight correction maybe around June, but until them we are going to see slow steady returns. Know if fuel goes above $4 a gallon all bets are off.
Markmars
I'm sure we'll see a "correction" eventually, but I don't think it will be the big one. I suspect we've got at least a few more months of upward movement to go. But I agree with you, sooner or later they'll take it back.
 
The other potential bearish catalyst is if the Fed decides to continue its market manipulation with another round of Quantitative Easing after QE2 ends. I'm not assuming it'll be cheered the way this one is. Especially given the rising yields in long bonds.

I think you’re right we will see a slight correction maybe around June, but until them we are going to see slow steady returns. Know if fuel goes above $4 a gallon all bets are off.
Markmars
 
Wave of Unrest Rolls Into Gulf

http://online.wsj.com/article/SB100...45711833269124.html?mod=WSJ_hp_LEFTTopStories

Chicago Population Sinks to 1920 Level

http://online.wsj.com/article/SB10001424052748703312904576146741729857936.html?mod=googlenews_wsj

Banks Go Straight to Public Borrowers

http://online.wsj.com/article/SB100...336334.html?mod=WSJINDIA_hpp_sections_markets

State Plans Anger Unions

http://online.wsj.com/article/SB100...00.html?mod=WSJ_hp_MIDDLENexttoWhatsNewsThird

Egypt and Iran

http://online.wsj.com/article/SB100...50737466420.html?mod=WSJ_hpp_sections_opinion

Dell Profit Leaps, Easily Tops Wall Street Targets

http://www.cnbc.com/id/41601745

General Petraeus To Quit As US Commander In Afghanistan

http://www.businessinsider.com/petraeus-out-2011-2

From Prison, Madoff Says Banks ‘Had to Know’ of Fraud

http://www.nytimes.com/2011/02/16/b...ew.html?_r=2&partner=bloomberg&pagewanted=all

Bernanke Put Allows JP Morgan To Post Profits On 96.9% Of 2010 Trading Days

According to ZeroHedge, there were 260 trading days in 2010, making J.P. Morgan’s performance negative only 3.1% of the time. Conversely, the firm made money 96.9% of the time! In its usual fashion, ZeroHedge dedicates the numbers to “those wondering why nobody wants to trade ever again on what are now purely legalized fraud markets.”

http://blogs.forbes.com/afontevecch...to-post-profits-on-96-9-of-2010-trading-days/

Emerging markets: $13 billion exodus

http://money.cnn.com/2011/02/15/markets/emerging_market_outflows/index.htm

Spiraling inflation threatens China's stability

http://www.usatoday.com/money/world/2011-02-15-china-inflation-threat_N.htm
 
If this market closes at this level or higher, I suspect I may get a "CONFIRMED" buy signal from the Seven Sentinels. We'll see how the rest of the trading day goes.
 
The two "warships" are a 1971 British made Frigate (has some Chinese upgrades), and a supply ship. Not much of a threat, but I guess the news wire was slow. BTW, Iran has 3 of these Frigates. They used to have four. The USS ENTERPRISE Battle group sank one a few months before we relived them on-station back in 1988'. That other Gulf War that few remember.

The Iranian Navy does not have anything bigger. i.e. no Destroyers.

This information was found online from reputable sources. The USS ENTERPRISE stuff was from salty memory :).
 
I do not believe they care about the vessels military prowess as much as what they could deliver to undesireable organizations.
 
It's not so much that the warships themselves are a threat, but how Israel reacts to them. Nothing a warship does can compare to millions of pissed off Muslims chanting "Death to Israel". That could spark Hezbollah and any other terrorist organization to take some kind of action. It just escalates from there. Plus, it helps the Iranian Theocracy shift the current protesting tone that they're dealing with from an internal problem to an external one.

The two "warships" are a 1971 British made Frigate (has some Chinese upgrades), and a supply ship. Not much of a threat, but I guess the news wire was slow. BTW, Iran has 3 of these Frigates. They used to have four. The USS ENTERPRISE Battle group sank one a few months before we relived them on-station back in 1988'. That other Gulf War that few remember.

The Iranian Navy does not have anything bigger. i.e. no Destroyers.

This information was found online from reputable sources. The USS ENTERPRISE stuff was from salty memory :).
 
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