coolhand's Account Talk

[coolhand]

This tells me we're probably headed lower. Maybe much lower.

http://thehill.com/homenews/house/171873-gop-leaders-ignore-obamas-36-hour-deadline

 

[coolhand]

Banks Face Tripling of Capital Levels as EU Moves on Basel III Regulations

http://www.bloomberg.com/news/2011-...-capital-levels-as-eu-moves-on-basel-iii.html

Accounting ‘Red Flags’ Drive Bond Spreads to Record Levels: China Credit

http://www.bloomberg.com/news/2011-...nd-spreads-to-record-levels-china-credit.html

BofA Needs $50 Billion Cushion as Mortgage Expenses Swell

http://www.bloomberg.com/news/2011-...y-capital-strain-as-50-billion-gap-looms.html

Cisco to Cut 6,500 Workers, Record $1.3 Billion in Restructuring Expenses

http://www.bloomberg.com/news/2011-...obs-take-pretax-charge-up-to-1-3-billion.html

Debt Worries Roil Markets

http://online.wsj.com/article/SB100...54511870585414.html?mod=WSJ_hp_LEFTTopStories

Special report: Banks continue robo-signing

http://www.cnbc.com/id/43801510

THE UNRAVELING: Afghanistan On The Edge Of Chaos

http://www.businessinsider.com/afghanistan-is-on-the-brink-of-total-chaos-2011-7#ixzz1SXp5cR5b

Borders liquidates: 10,700 jobs lost

http://money.cnn.com/2011/07/18/news/companies/borders_liquidation/index.htm?iid=HP_LN

Why are market bears so sleepy?

http://money.cnn.com/2011/07/18/markets/thebuzz/index.htm?iid=HP_LN

 

[coolhand]

Interesting posts...

http://www.traders-talk.com/mb2/index.php?showtopic=132488

 

[coolhand]

Sovereign Crisis Erodes 75% Junk Bond Gains as Losses Spread: Euro Credit

http://www.bloomberg.com/news/2011-...-bond-gains-as-losses-spread-euro-credit.html

Oil Climbs for Second Day on Shrinking Crude Stockpiles, Stronger Economy

http://www.bloomberg.com/news/2011-...r-u-s-supplies-drop-housing-starts-surge.html

Apple Delivers Blowout Results as iPad Sales Nearly Triple

http://www.cnbc.com/id/43811493

A Few Years From Now You're Going To Wake Up With A Bunch Of New Taxes

http://brucekrasting.blogspot.com/2011/07/trillion-of-revenue-is-on-plate.html#ixzz1SdYgSJlc

Gambling on Sovereign Default May Seriously Disrupt Equity, Bond Markets

http://seekingalpha.com/article/280...-disrupt-equity-bond-markets?source=bloomberg

Fed's Hoenig - growth to continue at modest pace

http://www.reuters.com/article/2011/07/20/usa-fed-hoenig-idUSN1E76I27G20110720

Calorie labeling at restaurants may hold surprises

http://uk.reuters.com/article/2011/...euters/UKHealthNews+(News+/+UK+/+Health+News)

 

[coolhand]

Merkel, Sarkozy to Outline Position on Greek Debt

http://www.bloomberg.com/news/2011-07-19/investors-leery-europe-can-fix-greek-crisis-imf.html

Euro Rises for Third Day on German-French Agreement on Greece

http://www.bloomberg.com/news/2011-...ek-high-on-european-debt-summit-optimism.html

Carmakers Blitz U.S. Lawmakers Amid Fight for 56 MPG Fuel Standard by 2025

http://www.bloomberg.com/news/2011-...mid-fight-over-over-56-mpg-fuel-standard.html

Obama Open to Debt-Cap Deal

http://online.wsj.com/article/SB100...58180747131242.html?mod=WSJ_hp_LEFTTopStories

The Gang of Six Play

http://online.wsj.com/article/SB100...80328002622.html?mod=WSJ_hpp_sections_opinion

The End of the Growth Consensus

http://online.wsj.com/article/SB100...52586269450.html?mod=WSJ_hpp_sections_opinion

Explaining Obama’s tax-hike obsession

http://blogs.reuters.com/james-pethokoukis/2011/07/19/explaining-obamas-tax-hike-obsession/

European economists warn survival of the euro is at stake - letter in full

http://www.telegraph.co.uk/finance/...l-of-the-euro-is-at-stake-letter-in-full.html

Treasury's warning on China as IMF fears Eurozone debt crisis will infect global economy

http://www.theaustralian.com.au/bus...t-global-economy/story-e6frg926-1226098655754

 

[coolhand]

EU Leaders Offer $229 Billion in New Greek Aid

http://www.bloomberg.com/news/2011-07-21/euro-area-leaders-may-accept-greek-default.html

Democrats Balk at Potential U.S. Debt-Limit Deal

http://www.bloomberg.com/news/2011-...-talks-as-negotiators-open-paths-to-deal.html

Shrinking Cattle Herd Signals Beef Rising to Record, Higher Wendy’s Costs

http://www.bloomberg.com/news/2011-...ef-rising-to-record-higher-wendy-s-costs.html

Morgan Stanley Tops Goldman for First Time in Investment Banking, Trading

http://www.bloomberg.com/news/2011-...-debt-trading-top-goldman-for-first-time.html

Greece Gets New Bailout as U.S. Nears Brink

http://online.wsj.com/article/SB100...59310597648944.html?mod=WSJ_hp_LEFTTopStories

A Guide to the New Deal in Athens: How a 'Selective Default' Works

http://online.wsj.com/article/SB100...0780036.html?mod=WSJEurope_hpp_LEFTTopStories

Microsoft Tops Forecasts but Soft PC Sales Hurt

http://www.cnbc.com/id/43842210

Eurozone leaders hail leap towards economic union

http://www.telegraph.co.uk/news/pol...leaders-hail-leap-towards-economic-union.html

 

[coolhand]

Republicans Back Short-Term Debt-Limit Agreement, Risking Veto From Obama

http://www.bloomberg.com/news/2011-...no-deal-yet-as-obama-to-meet-pelosi-reid.html

European Bank Stocks Avoid ‘the Abyss’

http://www.bloomberg.com/news/2011-...avoid-the-abyss-as-investors-remain-wary.html

Oil at $120 Becomes Biggest Energy Bet as Futures Leave Forecasters Behind

http://www.bloomberg.com/news/2011-...-bet-as-futures-leave-forecasters-behind.html

Investors Raise Bullish Commodity Bets by Most in Year as Economy Expands

http://www.bloomberg.com/news/2011-...-bets-on-global-growth-to-stay-resilient.html

Gold Surges to Record as U.S. Debt Impasse Threatens Default, AAA Rating

http://www.bloomberg.com/news/2011-...ebt-impasse-threatens-default-aaa-rating.html

JOHN MAULDIN: Kicking The Can One Last Time

http://www.businessinsider.com/john-mauldin-kicking-the-can-one-last-time-2011-7#ixzz1T6cfD7Uj

Europe's big debt deal leaves plenty of room for worry

http://money.cnn.com/2011/07/22/news/international/fitch_greece_default/index.htm?iid=HP_LN

 

[coolhand]

Default by U.S. Can Be Avoided Until September, Silvia Says

http://www.businessweek.com/news/20...n-be-avoided-until-september-silvia-says.html

Greece Says It’s Working With IMF, Hasn’t Requested for More Financial Aid

http://www.bloomberg.com/news/2011-...-hasn-t-requested-for-more-financial-aid.html

FHA May Be Next in Line for Bailout: Delisle and Papagianis

http://www.bloomberg.com/news/2011-...out-commentary-by-delisle-and-papagianis.html

Obama Warns of Default Risk

http://online.wsj.com/article/SB100...68012930792134.html?mod=WSJ_hp_LEFTTopStories

The Latest Job Killer From the EPA

http://online.wsj.com/article/SB100...73229847858.html?mod=WSJ_hpp_sections_opinion

A Leadership Default

http://online.wsj.com/article/SB100...71171844358.html?mod=WSJ_hpp_sections_opinion

Jefferson County Could Decide Thursday Whether To File For Largest-Ever Muni Bankruptcy

http://www.businessinsider.com/jeff...ver-municipal-bankruptcy-2011-7#ixzz1TDNbZ8Et

Government Induced Gloom

http://blogs.forbes.com/prospernow/2011/07/25/government-induced-gloom/

Harry Reid's debt ceiling plan faces tough odds

http://www.politico.com/news/stories/0711/59857.html#ixzz1TDOFv1jf

Texas bucks national unemployment trend

http://www.usatoday.com/money/economy/2011-07-25-texas-a-magnet-for-jobs_n.htm

Fed should raise rates from near zero - Hoenig

http://www.reuters.com/article/2011/07/25/usa-fed-hoenig-idUSN1E76O1KI20110725

 

[Rogue]

Cool Hand Luke was on last night...I watched it for about 20 mins.
So, you're still ducking for cover in G fund for now?

 

[coolhand]

I'm still in G, but looking for an entry back to stocks. At the moment, that's not an easy task. But my IRAs remain fully in the market, so let it do what it's going to do. Hopefully, I can pick a good spot for TSP, but I don't think it'll be today.

 

[coolhand]

Fed Policy of Holding Rates Near Zero Subsidizes Large Banks, Hoenig Says

http://www.bloomberg.com/news/2011-...rate-policy-subsidizes-wall-street-banks.html

Oil Company Subpoenas Said to Be Readied by FTC in Gasoline Price Probe

http://www.bloomberg.com/news/2011-...e-readied-by-fda-in-gasoline-price-probe.html

SEC Will Track Biggest Traders’ Activity

http://www.bloomberg.com/news/2011-...ek-abuses-among-market-s-biggest-traders.html

Sovereign Ratings Should Be Free of Politics: S&P

http://www.bloomberg.com/news/2011-...ld-be-free-of-politics-s-p-s-sharma-says.html

What's Wrong With America's Job Engine?

http://online.wsj.com/article/SB100...15858.html?mod=WSJ_hp_LEFTWhatsNewsCollection

Soros Investment Chief’s Departure Comes Amid Poor Performance

http://blogs.wsj.com/deals/2011/07/26/soros-investment-chiefs-departure-comes-amid-poor-performance/

Hero to liberals, Soros ends hedge fund career to escape regulations

http://www.washingtonpost.com/busin...-regulations/2011/07/26/gIQApZ0hbI_story.html

OHIO FALL BALLOT CLEARED: VOTERS TO DECIDE IF STATE OPTS OUT OF OBAMACARE

http://www.theblaze.com/stories/ohi...ers-to-decide-if-state-opts-out-of-obamacare/

Carney turns tables, mocks press

http://www.politico.com/politico44/perm/0711/scamp_e354b711-0476-42db-b309-6b65110c190e.html

S&P sees 2nd Greek debt haircut, new downgrade

http://www.reuters.com/article/2011/07/27/greece-sp-idUSN1E76P2GL20110727

 

[coolhand]

100% S fund.

Expect an official Seven Sentinels sell signal today, assuming the downside action sticks. In this market, with the kind of volatility we see regularly, I view that as at least short term bullish. Fear is being talked up in media, although sentiment isn't following. Today may do it if it gets ugly enough.

The debt talks are a catalyst for an opportunity. But is it's a scary one with associated risk.

 

[DakotaKid]

Cool, looks like I will have good company! I'm making an entry to the S fund as well - I plan it to be a very quick move, basically want to try to catch a dead cat bounce here.... Hope there is one

 

[coolhand]

It's appears to be a decent entry point in spite of the fear (or because of it).

Cool, looks like I will have good company! I'm making an entry to the S fund as well - I plan it to be a very quick move, basically want to try to catch a dead cat bounce here.... Hope there is one

 

[coolhand]

Obama: Congressional Leaders Approve Debt-Limit Increase

http://www.bloomberg.com/news/2011-...reach-tentative-deal-on-u-s-debt-ceiling.html

Banks in BRICs Signaling Credit Crisis With Loans Showing Increasing Risks

http://www.bloomberg.com/news/2011-...ng-credit-risks-as-bad-loans-curb-growth.html

Worst Europe Earnings Hit Industrials as Stoxx 600 Falls 9%

http://www.bloomberg.com/apps/news?pid=syndmedia_news&sid=apofiptbOx7A&refer=syndmedia

Dollar Bear Bets Rise to Highest Levels Since May on Debt Ceiling Impasse

http://www.bloomberg.com/news/2011-...to-highest-since-may-on-debt-limit-focus.html

A Tea Party Triumph

http://online.wsj.com/article/SB100...53492061150.html?mod=WSJ_hpp_sections_opinion

The Dodd Frank Bill Explains How Financial Reform Is A Sham

http://www.businessinsider.com/the-...inessinsider+(Business+Insider)#ixzz1Tm9AIfHg

THE REVOLVING DOOR: 29 People Who Went From Wall Street To Washington To Wall Street

http://www.businessinsider.com/wall-street-washington-revolving-door-2011-4

Optimism on Wall St. Tempered by Hurdles

http://www.nytimes.com/2011/08/01/b...pered-by-hurdles-ahead.html?_r=1&ref=business

Getting tough -- but not on Soros

http://www.nypost.com/p/news/opinio...tough_but_not_on_soros_nzOy8Umsfhyezy7xhB5aKI

GOP rallies around Boehner on deal

http://www.politico.com/news/stories/0711/60341.html

Sen. Rubio: "Save The Whole House Or It Will All Burn Down"

http://www.realclearpolitics.com/vi...the_whole_house_or_it_will_all_burn_down.html

White House: expiry of Bush tax cuts to spur reform

http://www.reuters.com/article/2011/08/01/usa-debt-whitehouse-idUSWNA536320110801

 

[coolhand]

House Passes $2.1 Trillion U.S. Debt-Limit Increase; Senate to Vote Aug. 2

http://www.bloomberg.com/news/2011-...ss-leaders-avoids-default-vote-due-today.html

Private-Equity Managers, Oil Companies Targets in Revenue Drive

http://www.businessweek.com/news/20...s-oil-companies-targets-in-revenue-drive.html

U.S. Car Sales Stall as Unemployment, Lending Curbs Deter Buyers

http://www.bloomberg.com/news/2011-...unemployment-puts-peak-out-of-reach-cars.html

Minnesota Has Credit Outlook Revised to Negative by Moody's

http://www.sfgate.com/cgi-bin/artic...-645CQC0EKUE01CA9AT8IFO54LE.DTL#ixzz1TrhEIJmK

European Stocks Slide 10% From 2011 High as Debt Crisis Spreads

http://www.businessweek.com/news/20...10-from-2011-high-as-debt-crisis-spreads.html

Signs of a Double-Dip Have Emerged: Meredith Whitney

http://www.cnbc.com/id/43973763

Will Cyprus Be The Straw That Breaks The EU?

http://www.businessinsider.com/will...aign=Feed:+businessinsider+(Business+Insider)

India’s Widening Iron Ore Scandal Hurts Stocks

http://www.nytimes.com/2011/08/02/b...-ridden.html?_r=2&ref=business&pagewanted=all

Putin says U.S. is "parasite" on global economy

http://www.reuters.com/article/2011...20110801?feedType=RSS&feedName=topNews&rpc=71

Italy in eye of the storm as cash runs low

http://www.telegraph.co.uk/finance/economics/8675928/Italy-in-eye-of-the-storm-as-cash-runs-low.html

 

[Show-me]

Reading your headlines made me choke on my coffee. :laugh:

 

[Uptrend]

Reading your headlines made me choke on my coffee. :laugh:

Coffee is too good for that.

 

[coolhand]

Sorry about all the bad news. We're just inundated with it with little to off-set it.

 

[coolhand]

You'd think the economic news couldn't get much worse, but here's some headlines off Drudge this morning...

Massive rout spells trouble for Wall Street

http://www.reuters.com/article/2011/08/02/markets-stocks-idUSN1E7711SW20110802

Europe on Brink of 'Major Financial Collapse': Guggenheim CIO

http://www.cnbc.com/id/43988195

Greece in panic as it faces change of Homeric proportions

http://www.guardian.co.uk/world/2011/aug/01/greece-panic-change

Greece: The create escape

http://www.independent.co.uk/news/world/europe/greece-the-create-escape-2330675.html

Italy under fire in widening euro debt crisis

http://finance.yahoo.com/news/Italy-under-fire-in-widening-rb-3187145634.html?x=0&.v=12

Euro-Zone Debt Woes Get Messier

http://blogs.wsj.com/marketbeat/2011/08/02/euro-zone-debt-woes-get-messier/

Moody’s Affirms U.S. Rating, Warns of Downgrades

http://www.bloomberg.com/news/2011-...ngrade-on-debt-economic-slowdown-concern.html