coolhand's Account Talk

[crws]

Hey Coolhand,Our press is definitely supressing news. Last weekend I watched and wondered about the Portugal Debt & EU bailout situation, but there was nothing except maybe a 1 minute useless news-byte. I guess every individual is suposed to search these things out on the internet. IMO, this may be the next shoe to drop - and the news from the UK, is related to this, as is the entire EU debacle. Finding out status on this is difficult, and intentionally being supressed. Appreciate if anyone finds any real / useful market-news about this. VR

NYT seems to always be ahead on these issues.
I may end up subscribing:

In Brussels, a protestor's sign reads, "We shouldn't have to pay for their crisis."

http://www.nytimes.com/2011/03/25/business/global/25portugal.html

http://www.openeurope.org.uk/research/portugalrestructure.pdf

http://www.google.com/search?q=Portugal&btnGNS=Search+nytimes.com&as_sitesearch=nytimes.com

 

[coolhand]

Fed Should Weigh Curtailing $600 Billion in Bond Purchases, Bullard Says

http://www.bloomberg.com/news/2011-...ot-be-as-strong-as-expected-bullard-says.html

Euro Falls for Second Day After Merkel’s Party Defeated; Dollar Advances

http://www.bloomberg.com/news/2011-...r-yen-as-leaders-divided-on-bailout-fund.html

Automakers May Lose 600,000 Vehicles as Quake Hits Parts

http://www.bloomberg.com/news/2011-...-vehicles-of-production-from-japan-quake.html

London Shops Attacked as 250,000 Protest Public Spending Cuts

http://www.bloomberg.com/news/2011-...-cuts-tax-rises-target-london-u-s-cities.html

Twelve Killed in Syrian City of Latakia in Fighting With Security Forces

http://www.bloomberg.com/news/2011-...e-after-death-reports-assad-adviser-says.html

Israel Deploys Iron Dome Anti-Rocket System After Gaza Violence Escalates

http://www.bloomberg.com/news/2011-...ket-system-after-gaza-violence-escalates.html

Crisis-Era Props Are Falling Away

http://online.wsj.com/article/SB100...23050882571490.html?mod=WSJ_hp_LEFTTopStories

The Senate's EPA Showdown

http://online.wsj.com/article/SB100...81494405442.html?mod=WSJ_hpp_sections_opinion

Note to Banks: It’s Not 2006 Anymore

http://www.nytimes.com/2011/03/27/business/27gret.html?_r=3&ref=todayspaper&pagewanted=all

Latest And Greatest Tsunami Video

http://www.zerohedge.com/article/latest-and-greatest-tsunami-video

Media Matters' war against Fox

http://www.politico.com/news/stories/0311/51949.html

Rivlin: U.S. debt crisis 'definitely' possible

http://www.politico.com/blogs/politicolive/0311/Rivlin_US_debt_crisis_definitely_possible.html

The Obama gas tax

http://dailycaller.com/2011/03/25/the-obama-gas-tax/

 

[RealMoneyIssues]

Fed Should Weigh Curtailing $600 Billion in Bond Purchases, Bullard Says

http://www.bloomberg.com/news/2011-...ot-be-as-strong-as-expected-bullard-says.html

Oh no :nuts: (comments BT?)

 

[Birchtree]

I'm actually anticipating a short extension into a QE3 because of the global damage that might result from Japan. We currently have $200B more to go until the end of June. If we get the same kind of effect from QE2 that we got from QE1, then the Dow should add more percentage before the summer and that could put us at Dow 15,000 - don't miss this one.

 

[RealMoneyIssues]

I'm actually anticipating a short extension into a QE3 because of the global damage that might result from Japan. We currently have $200B more to go until the end of June. If we get the same kind of effect from QE2 that we got from QE1, then the Dow should add more percentage before the summer and that could put us at Dow 15,000 - don't miss this one.

Hmmm, maybe I should get back in to S... on the sidelines for now.

 

[markmars]

This will be interesting if the EPA is allowed to regulate carbon dioxide it would be bad for the economy.

The Senate's EPA Showdown

http://online.wsj.com/article/SB100...81494405442.html?mod=WSJ_hpp_sections_opinion

 

[coolhand]

I think this is just chatter to help keep everyone guessing what the Fed is going to do. It seems pretty silly to me to be talking about curtailing QE2 when it's obvious this economy is not as robust as the talking heads would have us believe. That's not to say things aren't improving, but we're nowhere near where we need to be to be at this stage of the game.

Oh no :nuts: (comments BT?)

 

[coolhand]

This whole issue about CO2 regulation is being pushed by some very powerful global players. Cap and Trade is where they want to take us in an effort to save us from the bogeyman.

Yeah, right. But we won't talk about who's pockets are lined in the process. :suspicious:

This will be interesting if the EPA is allowed to regulate carbon dioxide it would be bad for the economy.

 

[Silverbird]

I don't think CO2 is the issue with Japan's nuclear power plants.

There is some over-paranoia here (Virginia is warning against using rainwater as drinking water for instance). I don't remember the same concerns about "trace amounts" coming in from Chernobyl.

However, the Fukushima plant troubles don't seem to be getting any better. Oh, the possibilities....

 

[crws]

here's one for you to ponder....

http://www.wbez.org/story/home-page-top-stories/2011-03-27/high-court-takes-another-stab-campaign-finance-84348#

 

[coolhand]

Kan Slams Tepco’s Tsunami Defense, Says Radiation Localized

http://www.bloomberg.com/news/2011-...eactor-may-cause-death-within-two-months.html

Fed’s Rosengren Says Economy Won't Make ‘Much of a Dent’ in Unemployment

http://www.bloomberg.com/news/2011-...on-t-make-much-of-a-dent-in-unemployment.html

Government Shutdown Grows Likelier

http://online.wsj.com/article/SB100...72.html?mod=WSJ_hp_MIDDLENexttoWhatsNewsThird

A Requiem for Detroit

http://online.wsj.com/article/SB100...03143739080.html?mod=WSJ_hpp_sections_opinion

Israel's Security Is Now Being Threatened On Multiple Fronts

http://www.businessinsider.com/isra...tened-on-multiple-fronts-2011-3#ixzz1HyvJxhL6

The 10 best cities for home buyers

http://money.cnn.com/galleries/2011/news/1103/gallery.best_cities_for_buyers.fortune/

Portugal bailout pressures grow as borrowing costs hit another record

http://www.telegraph.co.uk/finance/...w-as-borrowing-costs-hit-another-record.html#

 

[crws]

gotta love it- & good video

http://www.marketwatch.com/story/tax-the-super-rich-now-or-face-a-revolution-2011-03-29

 

[coolhand]

Great find! My brother is an architect who used to have his own business catering to a wealthy clientel in the tristate area of NY, CT, and NJ. I could tell you some stories he's told me about the ridiculous things that group "worries" about. And they were a particulary difficult group when it came time to pay for services. He hated that part the most.

gotta love it- & good video

http://www.marketwatch.com/story/tax-the-super-rich-now-or-face-a-revolution-2011-03-29

 

[crws]

Great find! My brother is an architect who used to have his own business catering to a wealthy clientel in the tristate area of NY, CT, and NJ. I could tell you some stories he's told me about the ridiculous things that group "worries" about. And they were a particulary difficult group when it came time to pay for services. He hated that part the most.

I hear ya. I did construction contracting for awhile, and I was lucky to have a good blend of clients.

I find it interesting the cops were more about crowd control and video taping the protesters who were video taping the cops, than about busting heads and rounding up a paddy wagon full of protesters.
Big kudos to them.
The splinter group could well have derailed the march if it went physically violent.
I suspect this won't be the last time a bank is targeted...

 

[coolhand]

Tepco's Damaged Reactors May Take 30 Years, $12 Billion to Scrap

http://www.bloomberg.com/news/2011-...rs-may-take-30-years-12-billion-to-scrap.html

Assad Might Rescind Emergency Law to Quell Protests Against His Leadership

http://www.bloomberg.com/news/2011-...-resignation-amid-protests-against-assad.html

At Plant, a Choice Between Bad, Worse

http://online.wsj.com/article/SB100...2220.html?mod=WSJ_hp_MIDDLENexttoWhatsNewsTop

Why I Won't Vote to Raise the Debt Limit

http://online.wsj.com/article/SB100...70543010068.html?mod=WSJ_hpp_sections_opinion

Cramer Explains What's Key to This Market

http://www.cnbc.com/id/42321840

Discord At The Fed Has Bernanke Out On A Limb

Read more: http://www.thefiscaltimes.com/Artic...Has-Bernanke-Out-on-a-Limb.aspx#ixzz1I4iDUH43

http://www.businessinsider.com/discord-at-the-fed-has-bernanke-out-on-a-limb-2011-3

Alpha Flash: For All Your Nanosecond, Collocated, Algorithmic Frontrunning Needs

http://www.zerohedge.com/article/alpha-flash-all-your-algorithmic-frontrunning-needs

Where the Bailout Went Wrong

http://www.nytimes.com/2011/03/30/opinion/30barofsky.html?_r=2&ref=opinion

Where Will the Tsunami Orphans Go?

http://www.thedailybeast.com/blogs-...will-the-orphans-go/?cid=hp:beastoriginalsR2#

Measuring Force

http://www.realclearpolitics.com/articles/2011/03/30/measuring_force_109390.html

 

[coolhand]

I didn't stop to think about until just now, but today's strength should push NYMO into a 28 day trading high, which would officially flip the system back to a buy condition.

Contrarian play?

 

[Birchtree]

You need more of your butt cheeks in play. April could be stratospheric or at least parabolic. Wouldn't it be something if we added a 1999 gain for the month.

 

[coolhand]

I'm using a stronger glue these days on my sticky pants, but I didn't buy the premium stuff you have. You get what you pay for I guess.

You need more of your butt cheeks in play. April could be stratospheric or at least parabolic. Wouldn't it be something if we added a 1999 gain for the month.

 

[coolhand]

Oil Heads for Third Quarterly Gain as Libya Disruptions Counter U.S. Glut

http://www.bloomberg.com/news/2011-...in-as-libya-disruptions-counter-u-s-glut.html

Bill Gross Says U.S. Is ‘Out-Greeking the Greeks’ on Debt

http://www.bloomberg.com/news/2011-...-s-is-out-greeking-the-greeks-on-debt-1-.html

Fed's Stimulus Exit May Not Wait for Global Turmoil to Pass, Bullard Says

http://www.bloomberg.com/news/2011-...-for-global-turmoil-to-pass-bullard-says.html

Why the Dollar May Make Comeback

http://www.smartmoney.com/investing/economy/why-the-dollar-may-make-a-comeback-1301414856324/

Obama Deployed CIA Agent To Libya To Aid And Supply Rebels Weeks Ago

www.businessinsider.com/libya-wednesday-march-30-2011-3#ixzz1IAdZCUKo

JPMorgan's Dimon: No mortgage writedowns

http://money.cnn.com/2011/03/30/news/economy/jamie_dimon_chamber/index.htm

Budget deal close with $33B in cuts

http://www.politico.com/news/stories/0311/52267.html

Mideast Nonsense: Can We Start Being Honest?

http://www.realclearpolitics.com/ar...n_will_the_new_york_times_wake_up_109381.html

 

[Mcqlives]

CH,

I originally posted this on the market outlook thread as a response to your "V" channel analysis. Any thoughts are appreciated.

I rode that "V" in the S fund from the 24th of February all the way till now and am positive for March (not nearly as much as I made in February though). I was expecting around a 7 or 8% sell off in mid to late March but the news driven sell off caught me off guard. I kept expecting the news to calm down and a short bull run before the 7 or 8% sell off would start but the news drove the consolidation down and down. Now we have the calm down but is the consolidation done?

My original plan was to be in the S fund till around the 11th of March followed by bailing into the G till this week when I would have bought back into S to start off April with 2 moves. Now I am sitting here looking at April being a historically positive month but am getting a bad feeling that the 7 or 8% (or more) consolidation is still to come.

I'm getting ready to flip a coin.