coolhand's Account Talk

[coolhand]

Ha! That helps!!

Right after, Gerald Celente and Peter Schiff offered their views so the audience had a clear view of the future.

 

[coolhand]

It could happen for sure. You're are talking about the DOW, right. :cheesy:

There was a trader that came on TV last night and said he wouldn't be surprised to see a 700 or 800 point rally that would rip hearts out of the chests of bears - I almost fell off my couch with glee.

 

[coolhand]

Don's (Seven Sentinels creator) latest thoughts...

http://www.traders-talk.com/mb2/index.php?showtopic=133343

 

[Happy_Trails]

Don's (Seven Sentinels creator) latest thoughts...

http://www.traders-talk.com/mb2/index.php?showtopic=133343

Interesting, thanks for posting.

 

[coolhand]

Margin Calls Push Leverage Down Most in Year as Stocks Fall

http://www.businessweek.com/news/20...everage-down-most-in-year-as-stocks-fall.html

Citigroup, Goldman Sachs Boosted Ties to French Banks as Rout Approached

http://www.bloomberg.com/news/2011-...-ties-to-french-banks-as-rout-approached.html

Traders Lower Bets Against Dollar by Record Amount as U.S. Treasuries Soar

http://www.bloomberg.com/news/2011-...-by-record-amount-as-u-s-treasuries-soar.html

Microsoft Faces the Post-PC World

http://online.wsj.com/article/SB100...38136.html?mod=WSJ_hp_LEFTWhatsNewsCollection

Global Obesity Drives Growth For Herbalife

http://www.investors.com/NewsAndAnalysis/Article.aspx?sec=Business&col=NewAmerica

Why 11th Circuit struck down Obamacare's mandate

http://www.beaufortobserver.net/pub...y-11th-circuit-struck-down-obamacares-mandate

ECB is euroland's last hope as bail-out machinery fails to resolve crisis

http://www.telegraph.co.uk/finance/...il-out-machinery-fails-to-resolve-crisis.html

Financial burden of debt crisis could lead countries to opt out of the euro

http://www.guardian.co.uk/business/2011/aug/14/economic-burden-debt-crisis-euro

'You Need This Dirty Word, Euro Bonds'

http://www.spiegel.de/international/europe/0,1518,780189,00.html

 

[coolhand]

Some comments from Don...

http://www.traders-talk.com/mb2/index.php?showtopic=133381

 

[coolhand]

Euro Weakens From Three-Week High Amid Concern Over European Growth, Debt

http://www.bloomberg.com/news/2011-...re-sarkozy-merkel-meet-about-debt-crisis.html

China Slowing ‘Significantly’: Conference Board

http://www.bloomberg.com/news/2011-08-16/china-economy-slowing-significantly-conference-board.html

A Wild Ride to Profits

http://online.wsj.com/article/SB100...72058.html?mod=WSJ_hp_LEFTWhatsNewsCollection

Lesson From Europe (Take 2)

http://online.wsj.com/article/SB100...20.html?mod=WSJ_hp_MIDDLENexttoWhatsNewsThird

Can ObamaCare Survive an Unconstitutional Mandate?

http://www.forbes.com/sites/merrill...bamacare-survive-an-unconstitutional-mandate/

PACs gave nearly $65M to deficit 'supercommittee' members

http://content.usatoday.com/communi...-deficit-campaign-contributions-/1?csp=34news

Germany's Angela Merkel faces eurobond mutiny

http://www.telegraph.co.uk/finance/...anys-Angela-Merkel-faces-eurobond-mutiny.html

 

[coolhand]

Europe’s Stalling Economy May Keep ECB’s Interest Rates on Hold Into 2012

http://www.bloomberg.com/news/2011-08-16/stalling-eu-economy-may-keep-ecb-rates-on-hold.html

Los Angeles Mayor Tests ‘Third Rail’ in Call for Proposition 13 Changes

http://www.bloomberg.com/news/2011-08-16/l-a-mayor-calls-for-8b-property-tax-hike.html

Fed’s Bullard Says New 2013 Rate Pledge Not a Signal for More Bond Buying

http://www.bloomberg.com/news/2011-...st-rate-pledge-is-not-signal-for-more-qe.html

A Business School Professor Says MBA Programs Helped Wreck The Economy

http://www.bnet.com/blog/business-s...the-economy/2099?tag=fd-river10#ixzz1VIDAjFWe

China's Not-So-Veiled Threats to Exploit U.S. Debt

http://www.forbes.com/sites/william...as-not-so-veiled-threats-to-exploit-u-s-debt/

OHIO BUSINESS OWNER TERRORIZED & SHOT FOR BEING NON-UNION

http://www.theblaze.com/stories/ohio-business-owner-terrorized-shot-for-being-non-union/

Perry's Red-Hot Bernanke Slam: A Much Needed Defense of the Dollar

http://www.realclearpolitics.com/ar...ch_needed_defense_of_stable_money_110982.html

Dell slashes 2012 sales forecast, bodes ill for HP

http://www.reuters.com/article/2011/08/16/dell-idUSN1E77F0Z520110816

Angela Merkel and Nicolas Sarkozy fail to calm markets despite eurozone concord

http://www.telegraph.co.uk/finance/...to-calm-markets-despite-eurozone-concord.html

 

[coolhand]

Merkel Says She Will Resist Market Pressure for Common Euro-Region Bonds

http://www.bloomberg.com/news/2011-...nds-would-bring-debt-union-not-stability.html

Qaddafi Sons Taken as Rebels Sweep Into Tripoli

http://www.bloomberg.com/news/2011-...s-in-tripoli-say-they-hold-neighborhoods.html

Schaeuble Says Common Bonds Would Create ‘Inflation Community’

http://www.bloomberg.com/news/2011-...ld-form-inflation-community-in-euro-area.html

Wall Street Aristocracy Got $1.2T in Loans

http://www.bloomberg.com/news/2011-...y-got-1-2-trillion-in-fed-s-secret-loans.html

Jackson Hole Bankers Reflect on QE2 Amid Pressure for Stimulus

http://www.businessweek.com/news/20...eflect-on-qe2-amid-pressure-for-stimulus.html

Business Economists Split On U.S. Fiscal Tightening

http://blogs.wsj.com/economics/2011/08/22/business-economists-split-on-u-s-fiscal-tightening/

Germany forced to make a choice: Us or them?

http://www.marketwatch.com/story/germany-forced-to-make-a-choice-us-or-them-2011-08-22

Stock Market Begins to Feed Economic Fear

http://www.cnbc.com/id/44219106

Layoffs sweep Wall Street, along with low morale

http://www.cnbc.com/id/44219765

Goldman's Jim O'Neill: "2008 All Over Again?"

http://www.zerohedge.com/news/goldmans-jim-oneill-2008-all-over-again

Laser Advances in Nuclear Fuel Stir Terror Fear

http://www.nytimes.com/2011/08/21/science/earth/21laser.html?_r=3&ref=todayspaper&pagewanted=all

Grocery union vote backs strike at Ralphs, Vons and Albertsons

http://latimesblogs.latimes.com/money_co/2011/08/grocery-workers-strike-vote.html

Will ritzy vacation trip Obama up?

http://www.politico.com/news/stories/0811/61801.html

Stunted corn crop could lead to higher food prices

http://www.usatoday.com/money/indus...p-could-lead-to-higher-food-prices/50080468/1

 

[Cattman]

http://www.usatoday.com/money/industries/food/story/2011/08/Stunted-corn-crop-could-lead-to-higher-food-prices/50080468/1[/url]

For those that have super glue sticky pants crop commodities are going present the opportunity for some substantial gains over the next several months. As stated extremely dry weather through the middle third of the corn/soybean growing regions along with the wet spring which delayed planting will result in an increase in commodity prices. Locally our corn crop in Indiana will likely average 120-125 bushels per acre vs. 145-150 bu/ac over the past several years. Soybeans will suffer greater if no rain comes soon. Soybeans normally average 45-50 bu/ac and locally 20-25 bu/ac will be a good average this year.

Lets hope the bottom is in and we can see a recovery begin soon, this has been a hell of a rollercoaster ride since the beginning of August.

 

[Warrenlm]

Ref the story on Wall Street layoffs, a report on CNBC this morning concerning analyst hiring and compensation put the salaries of "analysts" at $700k to $1m as standard with typically $500k more to move to another firm. Some discussion that the $3m rumors are largely unfounded. No mention of layoffs, only shortages.

With enough compensation we might get another bubble and down to the knees chart. Can we mobilize the pitchfork distribution system?

 

[coolhand]

European Failure to Solve Region’s Banking Crisis Returns to Haunt Markets

http://www.bloomberg.com/news/2011-...-banking-crisis-returns-to-haunt-markets.html

European Banks Must Pay Up to Borrow $100 Billion: Euro Credit

http://www.bloomberg.com/news/2011-...rrow-100-billion-amid-crisis-euro-credit.html

U.S. Company Credit Risk Increases to Highest Level in 14 Months

http://www.bloomberg.com/news/2011-...mpany-credit-risk-rises-to-14-month-high.html

Gold Tops $1,900 for First Time as Economic Concerns Lift Demand

http://www.bloomberg.com/news/2011-...n-concern-global-economy-may-weaken-more.html

Financial Crisis Is Too Big for Developed World to Cope, Ex-IMF Head Says

http://www.bloomberg.com/news/2011-08-23/crisis-too-big-for-developed-world-ex-imf-head.html

S&P President Steps Down Weeks After US Downgrade

http://www.businessinsider.com/sp-president-steps-down-weeks-after-us-downgrade-2011-8#ixzz1Vr5oAN9J

Taxpayers Should Be Leery Of Warren Buffett's Faux Noblesse Oblige

http://www.forbes.com/sites/charles...eery-of-warren-buffetts-faux-noblesse-oblige/

Members of Merkel's Party Emphasize Opposition to Euro Bonds

http://www.nytimes.com/2011/08/23/b...o-bonds.html?_r=2&ref=business&pagewanted=all

It’s the Economy, Dummkopf!

http://www.vanityfair.com/business/features/2011/09/europe-201109#gotopage1

Bernanke's no 'tooth fairy,' Fed's Fisher says

http://www.reuters.com/article/2011/08/23/usa-fed-fisher-idUSN1E77L1PH20110823

 

[coolhand]

European Bank Job Cuts Exceed 40,000 as UBS Eliminates 5% of Its Workforce

http://www.bloomberg.com/news/2011-...asses-40-000-as-ubs-cuts-workforce-by-5-.html

Homeowners on East Coast May Have to Pay for Earthquake Damage

http://www.bloomberg.com/news/2011-...st-may-have-to-pay-for-earthquake-damage.html

BERLUSCONI ALLY: Italy Is Doomed, Will Have To Split In Two

http://www.businessinsider.com/umberto-bossi-silvio-berlusconi-2011-8

AutoZone Benefits As Consumers Hang On To Cars

http://www.investors.com/NewsAndAnalysis/Article.aspx?sec=Business&col=NewAmerica

New S.&P. Chief Knows Crisis and Change

http://dealbook.nytimes.com/2011/08/23/new-s-p-chief-knows-crisis-and-change/?partner=bloomberg

Bank of America's share nosedive fuels fears of a second credit crunch

http://www.guardian.co.uk/business/2011/aug/23/bank-of-america-credit-crunch-fears#start-of-comments

Goldman Sachs braced for legal battles over financial crisis

http://www.guardian.co.uk/business/2011/aug/23/goldmansachs-banking

 

[coolhand]

Huge sell-off in gold. Something's up?

http://data.cnbc.com/quotes/GCCV1

 

[ssdave]

Huge sell-off in gold. Something's up?

http://data.cnbc.com/quotes/GCCV1

No real surprise. Headlines yesterday titled "Bubble in Gold?", zero interest money for banks for another year, no great revelations expected on friday to change the free money, bump up in stocks for two days making everybody afraid of missing the elevator.

Translate all that, it comes out as: Inflation postponed for awhile, harvest some money on gold while you can before it drops, jump back in and hope to turn a quick 5% in stocks in the next two days, and rebuy gold at a discount next week.

Speculators trying to make a quick buck. The trading world is getting very quick. Day traders and computers buying midday at depressed prices, waiting for afternoon rally, selling. It works for a few days, then a new pattern. It used to be buy early in the month, sell at the end. In 2009 it was buy on Friday, sell on Monday. Now it's down to half day cycle. Hard to take advantage of any of that with a Noon Eastern decision deadline, and buy at the end of the day. We're deciding on fresh news, buying on old news.

 

[nnuut]

Gold was way over priced and still is, about time. Gold goes up out dollar goes down, nothing good there!

 

[RealMoneyIssues]

Gold was way over priced and still is, about time. Gold goes up out dollar goes down, nothing good there!

Dollar goes down, equities go up... That sounds good

 

[coolhand]

Fast action is certainly the name of the game now. And we're driving a Model T.

Yes, I realized gold was over-priced, but my initial reaction to seeing the steep decline wasn't profit taking, but maybe some news item that was causing it (there's been no shortage of headlines). Turned out not to be the case though.

No real surprise. Headlines yesterday titled "Bubble in Gold?", zero interest money for banks for another year, no great revelations expected on friday to change the free money, bump up in stocks for two days making everybody afraid of missing the elevator.

Translate all that, it comes out as: Inflation postponed for awhile, harvest some money on gold while you can before it drops, jump back in and hope to turn a quick 5% in stocks in the next two days, and rebuy gold at a discount next week.

Speculators trying to make a quick buck. The trading world is getting very quick. Day traders and computers buying midday at depressed prices, waiting for afternoon rally, selling. It works for a few days, then a new pattern. It used to be buy early in the month, sell at the end. In 2009 it was buy on Friday, sell on Monday. Now it's down to half day cycle. Hard to take advantage of any of that with a Noon Eastern decision deadline, and buy at the end of the day. We're deciding on fresh news, buying on old news.

 

[coolhand]

Steve Jobs Resigns as Apple CEO After Cancer Battle; Cook Named Successor

http://www.bloomberg.com/news/2011-08-24/apple-ceo-steve-jobs-resigns.html

Bernanke May Forgo Easing as Data Point Higher

http://www.bloomberg.com/news/2011-...qe-backed-by-data-from-prices-to-freight.html

Hurricane scenarios run from bad to worse

http://www.marketwatch.com/story/hurricane-scenarios-run-from-bad-to-worse-2011-08-24

Is High-Speed Computer Trading Killing Investing?

http://www.cnbc.com/id/44261909

18 Amazing Facts About Small Businesses In America

http://www.businessinsider.com/facts-about-small-businesses-in-america-2011-8

How Badly Will The Gold Dive Hurt John Paulson?

http://www.institutionalinvestor.co...fin-of-Paulsons-Legacy.html?ArticleId=2889469

 

[coolhand]

U.S. May Buy Looted Libyan Missiles Sold in Mali’s Black Market

http://www.bloomberg.com/news/2011-...s-in-mali-black-market-to-soak-up-supply.html

For Texas ’Miracle,’ Cut the Cost of Business: Brian Barry

http://www.bloomberg.com/news/2011-...st-of-business-commentary-by-brian-barry.html

Fed’s Pledge Inflates Hong Kong Misery With Currency Peg: Chart of the Day

http://www.bloomberg.com/news/2011-...isery-with-currency-peg-chart-of-the-day.html

Short-selling Curbs Extended in Europe

http://www.bloomberg.com/news/2011-...month-on-european-stock-market-sidelines.html

Chance of Recession Is as High as 80%: Study

http://www.cnbc.com/id/44278624

Fed’s Hoenig Says "Fed Can't Do It All, No Reason for Operation Twist to Work"

http://globaleconomicanalysis.blogs...Global+Economic+Trend+Analysis)#ixzz1W88R3JTC

Why Is The White House Defending The Banks From Investigations?

http://www.theatlantic.com/business...nks-from-investigations/244131/#ixzz1W88ic2YP

The European Dollar Funding Crunch Is Back: Fed Does Another $500 Million In USD Swaps This Time With The ECB

http://www.zerohedge.com/news/surpr...-million-usd-swaps-time-ecb-time-unsterilized

HFT Quote Stuffing Market Manipulation Caught In The Act

http://www.zerohedge.com/news/hft-quote-stuffing-market-manipulation-caught-act

2011 Hurricane Season Tracking Map

http://www.stormpulse.com/atlantic

Illinois increases taxes, loses jobs

http://www.boortz.com/weblogs/nealz-nuze/2011/aug/25/illinois-increases-taxes-loses-jobs/

AFL-CIO head: Labor to ditch Democrats

http://www.politico.com/news/stories/0811/62057.html

Investors return to US equity funds -Lipper

http://www.reuters.com/article/2011/08/25/investing-fundflows-lipper-idUSN1E77O20K20110825

Greece forced to tap emergency fund

http://www.telegraph.co.uk/finance/financialcrisis/8723588/Greece-forced-to-tap-emergency-fund.html