coolhand's Account Talk

[coolhand]

That makes very good sense! It gives them an excuse to take it down and then back up. Of course, timing is key. I'm not in any hurry to buy dips at the moment.

Thanks CH,
I have a bit nested away in the G. I was considering waiting till they hash out the debt ceiling however if we get a bit more downward follow through tomorrow I may committ it early. This could very well be the ingredients for later on (when the debt ceiling issue becomes more prominent) that people say its already baked into the cake. If that makes sense.

 

[Silverbird]

What has me worried is the dollar is rising in value with the stock market falling, our economy slowing, and the debt ceiling shenigans. If our currency looks good right now, it seems to me it's either "looks better than everywhere else" or worse "Any port in a storm".

 

[coolhand]

There's so many moving parts. That's why I prefer to watch the charts. That's not to say things aren't dicey, but that's how the big money makes money in large measure. On our emotions and "logical" thinking.

What has me worried is the dollar is rising in value with the stock market falling, our economy slowing, and the debt ceiling shenigans. If our currency looks good right now, it seems to me it's either "looks better than everywhere else" or worse "Any port in a storm".

 

[coolhand]

Euro Falls to Four-Month Low Against Yen on Concern Debt Crisis Spreading

http://www.bloomberg.com/news/2011-...en-on-concern-debt-crisis-to-reach-italy.html

China’s Stocks Slump on Europe Debt Crisis, Property Curbs

http://www.bloomberg.com/news/2011-...ump-on-europe-debt-crisis-property-curbs.html

Crude Oil Falls for a Third Day on European Debt Concern, U.S. Stockpiles

http://www.bloomberg.com/news/2011-...low-in-new-york-on-european-debt-concern.html

Conrad Wants $2 Trillion

http://online.wsj.com/article/SB100...10871390794.html?mod=WSJ_hpp_sections_opinion

Cisco To Fire 10,000 People

http://www.businessinsider.com/cisco-to-fire-10000-people-2011-7

Traders Freak Out About How Bad Things Have Become On The Street: "Everyone Is Looking Over Their Shoulder"

http://www.businessinsider.com/cost...that-traders-are-too-scared-to-expense-2011-7

An Explanation Of What Is Really Going On Behind The Scenes As Rome Burns

http://www.zerohedge.com/article/explanation-what-really-going-behind-scenes-rome-burns

Greece set to default on massive debt burden, European leaders concede

http://www.guardian.co.uk/business/2011/jul/12/greece-set-to-default-massive-debt-burden

 

[KevinD]

Holder Launches Witch Hunt Against Biased Banks

http://www.investors.com/NewsAndAnalysis/Article/577794/201107081851/DOJ-Begins-Bank-Witch-Hunt.htm

In what could be a repeat of the easy-lending cycle that led to the housing crisis, the Justice Department has asked several banks to relax their mortgage underwriting standards and approve loans for minorities with poor credit as part of a new crackdown on alleged discrimination, according to court documents reviewed by IBD.

 

[coolhand]

Geez, where do I begin with this one? :notrust:

Holder Launches Witch Hunt Against Biased Banks

http://www.investors.com/NewsAndAnalysis/Article/577794/201107081851/DOJ-Begins-Bank-Witch-Hunt.htm

 

[KevinD]

Geez, where do I begin with this one? :notrust:

No kidding...

 

[Birchtree]

Call Jimmy Carter.

 

[nnuut]

“We can't solve problems by using the same kind of thinking we used when we created them.”
“Insanity: doing the same thing over and over again and expecting different results.”:nuts:
Albert Einstein

 

[coolhand]

Ireland Cut to Junk Rating by Moody’s

http://www.bloomberg.com/news/2011-...ntry-cut-to-junk-joining-greece-portugal.html

Spain May Need Deeper Spending Cuts: Salgado

http://www.bloomberg.com/news/2011-07-12/spain-may-need-deeper-spending-cuts-salgado.html

Bank of America Settlement Data Sought From Clients by New York

http://www.bloomberg.com/news/2011-...ata-on-bank-of-america-s-mortgage-accord.html

Los Angeles Credit Rating Downgraded by Moody’s on Rising Employee Costs

http://www.bloomberg.com/news/2011-...aded-by-moody-s-on-rising-employee-costs.html

Bernanke ’Lays Down Law’ on Fed Public Statements Before Policy Meetings

http://www.bloomberg.com/news/2011-...lines-on-officials-public-communications.html

Alan Greenspan Blames The Bad U.S. Economy On The Lazy Young Work Force And The U.S. Copying China

http://www.businessinsider.com/alan...and-the-us-copying-china-2011-7#ixzz1RyifA7eL

Regulators Investigate Banks For Lying About Investor Interest In European Bond Market

http://www.zerohedge.com/article/re...-about-investor-interest-european-bond-market

G.O.P. Bid to Void Light Bulb Law Fails

http://www.nytimes.com/2011/07/13/b...nul-new-light-bulb-law.html?_r=1&ref=business

EU declares war on agencies as Ireland's rating gets junk status

http://www.guardian.co.uk/business/2011/jul/12/eu-war-on-credit-ratings-agencies

 

[coolhand]

Obama Doesn't Want a Progressive Deficit Deal

http://www.rollingstone.com/politic...esnt-want-a-progressive-deficit-deal-20110711

 

[coolhand]

Italian Yields Surge to Three-Year High at Bond Sale as Senate Weighs Cuts

http://www.bloomberg.com/news/2011-...illion-bond-sale-as-senate-votes-on-cuts.html

Greece Gets World’s Lowest Rating by Fitch

http://www.bloomberg.com/news/2011-...-from-fitch-in-catch-up-downgrade-to-ccc.html

Commodities Rise to Four-Week High as Bernanke Signals More U.S. Stimulus

http://www.bloomberg.com/news/2011-...gh-as-bernanke-signals-more-u-s-stimulus.html

Flash Mobs Thwart Foreclosures in Spain

http://www.bloomberg.com/news/2011-...-spanish-banks-by-thwarting-foreclosures.html

Singapore’s Economy Shrank 7.8% in Second Quarter as Manufacturing Slumped

http://www.bloomberg.com/news/2011-07-14/singapore-s-economy-shrank-last-quarter.html

Chinese Bank Stocks Seen Extending Slump as Overseas Investors Limit Risks

http://www.bloomberg.com/news/2011-...-extending-slump-on-investor-stake-sales.html

In Shift, Municipalities Turn to Banks for Loans

http://online.wsj.com/article/SB100...290205497836.html?mod=WSJ_Heard_MoreInMarkets

Morgan Stanley Could Be Next Wall Street Giant to Cut Staff

http://www.foxbusiness.com/markets/...wall-street-giant-to-cut-staff/#ixzz1S4ZMXYTh

Hezbollah Hooks Up With Mexican Drug Cartels

http://www.businessinsider.com/lulz...een-hezbollah-and-mexicos-drug-cartels-2011-7

The Truth Behind Fannie And Freddie: Why The Government Didn't Make A Profit From The Bailout

http://www.businessinsider.com/the-...t-didnt-make-a-profit-from-the-bailout-2011-7

Quantitative Easing Rounds 1 and 2 Hurt the Economy ... Bernanke Proposes Round 3

http://www.zerohedge.com/article/qu...-and-2-hurt-economy-bernanke-proposes-round-3

PC sales continue slump amid iPad takeover

http://money.cnn.com/2011/07/13/technology/pc_sales/index.htm?iid=HP_LN

US more unpopular in the Arab world than under Bush

http://www.salon.com/news/middle_east/index.html?story=/opinion/greenwald/2011/07/13/arabs

Who exactly has the tax target on them?

http://www.usatoday.com/money/perfi/taxes/2011-07-13-tax-debate_n.htm

UAW sees its future: organize Southern US plants

http://www.reuters.com/article/2011/07/13/uaw-transplants-idUSN1E76B23120110713

 

[TSPIntel]

Coolhand:Give us your bottomline. Buy, Hold, Sell?

 

[coolhand]

I am 100% G fund at the moment and holding that position. The market could break either way from here depending on news driven events, but sentiment appears to be getting more bearish too, which could help support it till the big picture gets a bit more clear. Overall though, buy, hold, or sell depends on ones current position and perspective. If I was in stocks, I would probably hold given the downside we've already seen, but there's a chance we could drop much lower and I can't predict that. That's why I'm holding cash right now. Timing is going to be very tricky here as this market is quite volatile.

 

[coolhand]

Stress Tests Compromised by Greek Non-Default

http://www.bloomberg.com/news/2011-...mised-by-greek-non-default-german-mutiny.html

About 10 Banks May Fail European Capital Stress Tests, FT Says

http://www.bloomberg.com/news/2011-...il-european-capital-stress-tests-ft-says.html

Dimon Says Mortgage Clash Swells as ‘Everybody Is Going to Sue’

http://www.bloomberg.com/news/2011-07-14/dimon-everybody-is-going-to-sue-over-mortgages.html

Americans Lose Faith in Stock Pickers

http://www.businessweek.com/magazine/americans-lose-faith-in-stock-pickers-07142011.html

Plan B Emerges on Debt

http://online.wsj.com/article/SB100...45731595487202.html?mod=WSJ_hp_LEFTTopStories

Calif. Bill Teaching Gay History in Schools Signed Into Law

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

The Obama Downgrade

http://online.wsj.com/article/SB100...32084493902.html?mod=WSJ_hpp_sections_opinion

Pentagon Admits 24,000 Files Were Hacked, Declares Cyberspace A Theater Of War

http://www.businessinsider.com/pent...d-declares-cyberspace-a-theater-of-war-2011-7

Plastic bag bans upheld by California Supreme Court

http://www.latimes.com/news/local/la-me-0715-plastic-bags-20110715,0,2981229.story

California may join probe of Wall Street's role in mortgage meltdown

http://www.latimes.com/business/la-fi-mortgage-probe-20110715,0,1597161,full.story

Europe’s debt crisis is getting worse

http://www.cityam.com/news-and-analysis/allister-heath/europe-s-debt-crisis-getting-worse

 

[Warrenlm]

I am 100% G fund at the moment and holding that position. The market could break either way from here depending on news driven events, but sentiment appears to be getting more bearish too, which could help support it till the big picture gets a bit more clear. Overall though, buy, hold, or sell depends on ones current position and perspective. If I was in stocks, I would probably hold given the downside we've already seen, but there's a chance we could drop much lower and I can't predict that. That's why I'm holding cash right now. Timing is going to be very tricky here as this market is quite volatile.

Not disagreeing (because I have no thinking ability) but Cramer made a comment that it will be impossible to get in the market soon. Right after he talked with Dennis. This am on squawk box, a canadian gent named rosenberg? said we will see negative growth in the first quarter. With that clear information, action is obvious.

 

[coolhand]

Trader: 'We've All Got Crisis Fatigue'

http://www.cnbc.com/id/43758304

 

[coolhand]

Yep. Thing's are dicey alright. These are some very knowledgeable traders here.

http://www.traders-talk.com/mb2/index.php?showtopic=132429

 

[coolhand]

Hmmm...since yesterday the Top 50 have dropped to a 27% overall stock allocation from 32%. We seem to be going in just one direction.

 

[coolhand]

EU Summit Looms to Snap Debt Crisis Deadlock as Contagion Threat Persists

http://www.bloomberg.com/news/2011-...is-deadlock-as-contagion-threat-persists.html

EU Stress Tests Fail to Convince Analysts

http://www.bloomberg.com/news/2011-...ereign-default-fail-to-convince-analysts.html

Italian, Spanish, Irish, Portuguese Bonds Decline as Debt Crisis Spreads

http://www.bloomberg.com/news/2011-...guese-bonds-slump-as-debt-crisis-spreads.html

SEC Official Seeks Investor Alert on Retail Forex

http://www.cnbc.com/id/43778198

Fast Traders, in Spotlight, Battle Rules

http://www.nytimes.com/2011/07/18/b...nd-work.html?_r=2&ref=business&pagewanted=all

Meet Richard Cordray: An Undefeated Jeopardy Champion And The Man Obama Wants To Run The CFPB

http://www.businessinsider.com/rich...ancial-protection-bureau-2011-7#ixzz1SS2wz4x1

Why Goldman Sachs Just Downgraded The US Economy

http://www.businessinsider.com/goldman-sachs-downgrades-the-economy-2011-7#ixzz1SS3VPdY1

Goldman Bet Against Entire European Nations - Who Were Clients - the Same Way It Bet Against Its Subprime Mortgage Clients

http://www.washingtonsblog.com/2011/07/goldman-bet-against-its-european.html

Automakers will air ads attacking Obama's 56.2 mpg rule

http://content.usatoday.com/communi...-will-air-ads-attacking-obamas-562-mpg-rule/1

Euro debt crisis germs will spread unless politicians act

http://www.telegraph.co.uk/finance/...germs-will-spread-unless-politicians-act.html