coolhand's Account Talk

[coolhand]

Greek Parliament Backs Austerity as Rioters Burn Buildings

Greek Parliament Backs Austerity as Rioters Set Fires - Bloomberg

Roesler Tells ARD Greece Must Deliver or Germany Won’t Pay

Roesler Tells ARD Greece Must Deliver or Germany Won

Europe Job Losses Accelerate With AstraZeneca-to-PepsiCo Firing Employees

Europe Job Losses Accelerating With AstraZeneca-to-PepsiCo Cuts - Bloomberg

Soros: Greek Bailout Won’t Rid Europe of Danger

Soros: Greek Bailout Won

Japan’s GDP Shrinks More Than Estimated as Yen Undermines Exports: Economy

Japan

Speculators Lift Wagers to Highest Since September: Commodities

Speculators Lift Wagers to Highest Since September: Commodities - Businessweek

Iran Says Be Ready For Its 'Big New' Nuclear Achievements

Iran Says Be Ready For Its 'Big New' Nuclear Achievements

Summary Of Key Events In The Coming Week

Summary Of Key Events In The Coming Week | ZeroHedge

Obama's 2013 budget: 10 takeaways

Obama's 2013 budget: 10 takeaways - The Hill's On The Money

New rule puts a wrinkle in figuring taxes on stock sales

New rule puts a wrinkle in figuring taxes on stock sales

Al Qaeda leader backs Syrian revolt against Assad

Al Qaeda leader backs Syrian revolt against Assad | Reuters

Slump in shipping freight sparks fears for world trade

Slump in shipping freight sparks fears for world trade - Telegraph

Germany's Carthaginian terms for Greece

Germany's Carthaginian terms for Greece - Telegraph

 

[RealMoneyIssues]

Just another day of good news and viola', the market is up!!! WooHoo, gonna make some more $$$

 

[coolhand]

Just another day of good news and viola', the market is up!!! WooHoo, gonna make some more $$$

Yep, the news is definitely helping support prices. No doubt about it.

 

[coolhand]

Italy, Spain Cut by Moody’s; U.K. Top Rank at Risk

Italy, Spain Cut by Moody

BOJ Adds Stimulus, Sets 1% Inflation Target

BOJ Adds Stimulus, Sets 1% Inflation Target - Bloomberg

Market Volume Hits Fresh Non-Holiday Decade Lows

Market Volume Hits Fresh Non-Holiday Decade Lows | ZeroHedge

Pentagon working with FAA to open U.S. airspace to combat drones

Pentagon working with FAA to open U.S. airspace to combat drones - latimes.com

Greece must meet all terms to stay in euro zone

Greece must meet all terms to stay in euro zone-Frieden | Reuters

Greece faces death by a thousand cuts unless it leaves the euro

Greece faces death by a thousand cuts unless it leaves the euro - Telegraph

Britain could be stripped of AAA credit rating within a year

Britain could be stripped of AAA credit rating within a year - Telegraph

 

[coolhand]

Greece Fights to Win Aid With Pledges to Counter EU Doubts

Greece Fights to Win Aid With Pledges to Counter EU Doubts - Bloomberg

Europe’s Economy Probably Shrank for First Time Since 2009 on Debt Turmoil

Europe

Paulson Sold His Stakes in Citigroup, Bank of America Ahead of Share Rally

Paulson Sold His Stakes in Citigroup, Bank of America Ahead of Share Rally - Bloomberg

Obama to End 'Dozens' of Business Tax Breaks: Geithner

News Headlines

Greek economy spirals down as EU forces final catharsis

Greek economy spirals down as EU forces final catharsis - Telegraph

 

[coolhand]

I generally avoid talking about this on the board or in my blog, but I've been aware of its impact on the market for some time. Here's a MB thread that's talking about the Fed's POMO actions. I expect volatility as a result of POMO actions.

POMO schedule: big sales are coming up - Traders-Talk.com

 

[coolhand]

BOE’s Bean Says Greek Deal Doesn’t Eliminate Risk of Disorderly Outcomes

BOE

Hollande Win in France Would Rattle Europe: George Magnus

Hollande Win in France Would Rattle Europe: George Magnus - Bloomberg

Everyone Is Freaking Out Over A New Survey That Shows Unemployment Surging Again

Everyone Is Freaking Out Over A New Survey That Shows Unemployment Surging Again

"Marginal Utility" Of Central Bank Intervention Is Rapidly Diminishing

"Marginal Utility" Of Central Bank Intervention Is Rapidly Diminishing | ZeroHedge

Greek Crisis Raises New Fears Over Credit-Default Swaps

Greek Crisis Raises New Fears Over Credit-Default Swaps - NYTimes.com

UN Nuclear Agency Reports Failed Iran Talks

UN Nuclear Agency Reports Failed Iran Talks - ABC News

Greek debt accord hostage to political passions

Greek debt accord hostage to political passions - Telegraph

Battle over EU financial firewall threatens to derail Greek bailout

Battle over EU financial firewall threatens to derail Greek bailout - Telegraph

 

[lacaprup]

The lack of positive reaction the "good" news in Greece leads me to believe the YTD rally is over. 10% correction coming.

 

[coolhand]

The lack of positive reaction the "good" news in Greece leads me to believe the YTD rally is over. 10% correction coming.

Got my sell signal today, so your move may have been quite timely. Good luck!

 

[MrJohnRoss]

Got my sell signal today, so your move may have been quite timely. Good luck!

Oooh, another system moves to the sidelines. I'm not feeling so lonesome anymore.

 

[coolhand]

Oooh, another system moves to the sidelines. I'm not feeling so lonesome anymore.

I'm thinking we may bounce tomorrow, which would be a good thing since the system won't get to the sidelines till COB. But we'll see.

The herd is already largely in cash. It'll be interesting to see how that plays out by the end of the week when I check the tracker stats. :cheesy:

 

[coolhand]

Germany Rejects ‘Ever Bigger’ Firewalls, Schaeuble Says

Germany Rejects ‘Ever Bigger’ Firewalls, Schaeuble Says - Businessweek

Germany Crisis Role in Focus After G-20 Rebuff

Germany Crisis Role in Focus After G-20 Rebuff - Bloomberg

SEC Reviewing U.S. Trading Practices After Shift to Automation

SEC Reviewing U.S. Trading Practices After Shift to Automation - Businessweek

Gas Could Easily Go To $5 And Crush The National Economy

Gas Could Easily Go To $5 And Crush The National Economy

Nanny-State America Is Regulating Its Economy To Death

Nanny-State America Is Regulating Its Economy To Death

Confused By The Market? Here Is What The Smart Money Is Doing

Confused By The Market? Here Is What The Smart Money Is Doing | ZeroHedge

Auto Workers Tap Network for Obama

http://www.nytimes.com/2012/02/25/u...orking-class-voters.html?_r=2&ref=todayspaper

It may well turn out that we are watching not a Greek but a euro tragedy

It may well turn out that we are watching not a Greek but a euro tragedy - Telegraph

 

[coolhand]

Greece Cut to Selective Default by S&P

Greece Cut to Selective Default by S&P - Bloomberg

Did These Stocks Have ‘Mini Flash Crashes’ Last Week?

Did These Stocks Have 'Mini Flash Crashes' Last Week? - MarketBeat - WSJ

PIMCO: Natural Gas Is Already A Game Changer

PIMCO: Natural Gas Is Already A Game Changer

Water bills expected to triple in some parts of U.S.

Water bills expected to triple in some parts of U.S. - Feb. 27, 2012

Gas prices climb for 20th day

Gas prices climb for 20th day - Feb. 27, 2012

FBI sees more hedge fund trading probe informants

FBI sees more hedge fund trading probe informants - chicagotribune.com

AP source: Israel won't warn US before Iran strike

AP source: Israel won't warn US before Iran strike - Boston.com

 

[coolhand]

Treasury Yield Descending Since January Seen Signaling Slowing U.S. Growth

Treasury Yield Descending Since January Seen Signaling Slowing U.S. Growth - Bloomberg

Geithner and the 'Privilege' of Being American

Lawrence Lindsey: Geithner and the 'Privilege' of Being American - WSJ.com

Another Unintended Consequence: $80 Billion 'Gas Price' Tax On Consumption

Another Unintended Consequence: $80 Billion 'Gas Price' Tax On Consumption | ZeroHedge

Could Take 5 Years to Get 6% Unemployment: Fed's Pianalto

News Headlines

Europe Delays Debt Talks After Signs of Uncertain Support

http://www.nytimes.com/2012/02/29/b...meeting.html?_r=2&ref=business&pagewanted=all

White House Quietly Increases Budget for Obamacare's Exchange Subsidies by $111 Billion

White House Quietly Increases Budget for Obamacare's Exchange Subsidies by $111 Billion - Forbes

Small firms prep for rise in gas prices

Online grocers and food trucks prep for a rise in gas prices - Feb. 28, 2012

Feds level charges in largest Medicare fraud

Feds charge doctor with leading largest Medicare fraud - Feb. 28, 2012

U.S. conducting criminal Libor probe

Exclusive: U.S. conducting criminal Libor probe | Reuters

Irish EU treaty vote threatens chaos

Irish EU treaty vote threatens chaos - Telegraph

Ireland is getting a choice - which is more than other eurozone states

Ireland is getting a choice - which is more than other eurozone states - Telegraph

 

[RealMoneyIssues]

Lawrence Lindsey: Geithner and the 'Privilege' of Being American - WSJ.com

Yeah, I watched that interview... grrrrrr.....

 

[coolhand]

Greece Approves Welfare Cuts for Second Bailout

Greece Approves Welfare Cuts for Second Bailout - Bloomberg

BOE’s Weale Says There May Not Be Case for Further U.K. Stimulus This May

BOE

Gold Falls in ’Manic’ Plunge as Bernanke Damps Stimulus Bets

Gold Falls in

Art Cashin And Europe's Clashin' Culture

Art Cashin And Europe's Clashin' Culture | ZeroHedge

Need to Ease 'Goes Away' as Economy Improves: Fed's Plosser

News Headlines

For Greece, a critical conference call between London and New York

Europe’s financial crisis sparks protests - The Washington Post

European Central Bank's cheap money has just turned toxic banks into zombie banks

European Central Bank's cheap money has just turned toxic banks into zombie banks - Telegraph

ECB's Mario Draghi raises the stakes with trillion euro gamble

ECB's Mario Draghi raises the stakes with trillion euro gamble - Telegraph

 

[coolhand]

Banks Miss Out on Best Bond Market Gains as Fear Trumps Greed: Euro Credit

Banks Miss Out on Best Bond Market Gains as Fear Trumps Greed: Euro Credit - Bloomberg

EU Speeds Payments to Permanent Aid Fund

EU Speeds Payments to Permanent Aid Fund - Bloomberg

Euro Defaults Loom as National Ponzi Schemes ‘Run Out of Suckers’

Euro Defaults Loom as National Ponzi Schemes

Oil Advances Above $110 on Report of Saudi Pipeline Explosion

Oil Advances Above $110 on Report of Saudi Pipeline Explosion - Bloomberg

U.S. Commercial Paper Falls to Lowest Level Since January 2011, Fed Says

U.S. Commercial Paper Falls to Lowest Level Since January 2011, Fed Says - Bloomberg

FBI Director: Hacking Will Replace Terrorism As The Nation's Top Worry

FBI Director: Hacking Will Replace Terrorism As The Nation's Top Worry

In the Middle Of The Euro Crisis, These 12 EU Countries Sunk Even Further Into Debt

In the Middle Of The Euro Crisis, These 12 EU Countries Sunk Even Further Into Debt

Juncker Says There Is A "Plan B" If Greek Debt Swap Fails

Juncker Says There Is A "Plan B" If Greek Debt Swap Fails | ZeroHedge

Greek Crisis May Test the Value of Swaps

Greek Crisis May Test the Value of Swaps - NYTimes.com

Fed officials flag soft economy but mum on easing

WRAPUP 1-Fed officials flag soft economy but mum on easing | Reuters

 

[coolhand]

Greek Debt Swap Will Test Europe’s Efforts to Close Crisis

Greek Debt Swap Will Test Europe

Greece Ratings Cut to Lowest Level by Moody’s

Greece Ratings Cut to Lowest Level by Moody

Bullard Says Fed Should Forgo Additional Easing While U.S. Economy Expands

Bullard Says Fed Should Forgo Additional Easing While U.S. Economy Expands - Bloomberg

Speculators Who Inflated Property Bubble to Get U.S. Loan Help: Mortgages

Speculators Who Inflated Property Bubble to Get U.S. Loan Help: Mortgages - Bloomberg

Obama Could Try A Bombshell Middle-Class Tax Hike After The 2012 Election

REPORT: Obama Could Try A Bombshell Middle-Class Tax Hike After The 2012 Election - Business Insider

Europe Is Now Creating Big Unintended Consequences That Will Carry Disastrous Outcomes

MAULDIN: Europe Is Now Creating Big Unintended Consequences That Will Carry Disastrous Outcomes

Greek Official Warns Debt Holdouts

Greek Official Warns Debt Holdouts - NYTimes.com

Gas prices climb again, topping $3.76

Gas prices rise Sunday; national average above $3.76-gallon - Mar. 4, 2012

Greece bubbles towards a third bailout and boiling point

Greece bubbles towards a third bailout and boiling point - Telegraph

 

[markmars]

Gas prices climb again, topping $3.76

Gas prices rise Sunday; national average above $3.76-gallon - Mar. 4, 2012

But we are in a recovery!
:blink:
Oil drives our economy, you don’t have to like it but that’s the way it is.

 

[Valkyrie]

But we are in a recovery!
:blink:
Oil drives our economy, you don’t have to like it but that’s the way it is.

the #1 USA export last yr was gasoline and kerosine.

price is going up due to the policies of this administration which started with the democrat control of the senate and congress in '08, the EPA, the weakening dollar and the speculators.