coolhand's Account Talk

[Birchtree]

A stronger dollar, stronger economy, and stronger stock market will do just fine.

 

[350zCommTech]

Unfortunately, I have no idea. I don't follow currency markets much. Frixxxx, Uptrend, or 350z might have a theory though.

A stronger dollar, stronger economy, and stronger stock market will do just fine.

That saved me some time, Thanks Birch.

 

[Christopher]

LOL...kind of. :notrust:

1)Bank borrows tarp......Money goes on balance sheet as income......Banks shows profits.....Stocks go up.

2)Bank payback tarp. Stock goes up.

3)go to step one.

 

[mayday]

LOL...kind of. :notrust:

The viscous circle.

 

[Christopher]

INCESTUOUS seems to fit well, methinks...

 

[350zCommTech]

CH, any thoughts on where the dollar is going from here? I've heard both sides lately...uptrend to continue, downtrend to resume shortly. :suspicious:

Looking at the DX, a little retracement is expected but 3 months term is dollar bullish, IMO. Small countries going bankrupt is also dollar bullish.

View attachment 7561

 

[Aule Mar]

Banks raise interest on credit cards(35%+), banks charge unlimited over draft fees, banks charge for previously free cards. Bank makes lots of money, and pays TARP off. Banks give themselves a bonus. Public can't afford credit cards, stops shopping, economy goes bust.

Public should move all there money to local banks (if they can find one) or to credit unions. Maybe bring the banks down to size, so there not too big to fail.
Aule Mar

 

[mayday]

INCESTUOUS seems to fit well, methinks...

Here in Kentucky we call that inbred Jed.
In politics I think it's called inbred Fed.

 

[350zCommTech]

Here in Kentucky we call that inbred Jed.
In politics I think it's called inbred Fed.

In Goldman Sachs we trust.....


Might as well print that on FRNs.

 

[mayday]

Looking at the DX, a little retracement is expected but 3 months term is dollar bullish, IMO. Small countries going bankrupt is also dollar bullish.

View attachment 7561

http://tinyurl.com/ywbg3r

I agree 350z

 

[Nordic]

Looking at the DX, a little retracement is expected but 3 months term is dollar bullish, IMO. Small countries going bankrupt is also dollar bullish.

View attachment 7561

Thanks for the reply. I'm considering shifting some out of the I fund, but wanted some feedback on dollar direction before doing so. Sounds like C/S may outperform the I fund, at least short/intermediate term.

 

[Birchtree]

I'm keeping a small position in the I fund primarily as a hedge in case we set up a trading range and go nowhere. The companies that comprise the I fund are all large cap high quality European firms that will continue to have good earnings going forward. So the I fund will progress along with the C fund. The S fund is another issue.

 

[coolhand]

Good read from the WSJ.

http://blogs.wsj.com/deals/2009/12/.../deals/feed+(WSJ.com:+Deal+Journal+-+WSJ.com)

 

[coolhand]

Yeah, what up with that?

http://www.businessinsider.com/henr...-the-banks-so-they-could-keep-lending-2009-12

 

[airlift]

CH,
The consumer seems to be coming through. I think we'll have the Christmas rally and that the SS is delivering the goods. I hope so anyway!

 

[coolhand]

CH,
The consumer seems to be coming through. I think we'll have the Christmas rally and that the SS is delivering the goods. I hope so anyway!

I don't think we'll go higher until those bullish numbers come down. Don't be surprised by a sell-off that takes us lower and possibly triggers a SSSS. Should that happen, I may disregard the signal and wait it out, but I really need to see what happens first.

 

[350zCommTech]

I don't think we'll go higher until those bullish numbers come down. Don't be surprised by a sell-off that takes us lower and possibly triggers a SSSS. Should that happen, I may disregard the signal and wait it out, but I really need to see what happens first.

What does your TRINQ say at the moment? I'm thinking sell?

 

[coolhand]

What does your TRINQ say at the moment? I'm thinking sell?

Short term, yes. Look lower first. We need to see some damage to a get a good sentiment set-up. It doesn't have to get ugly, it just has to shake the weak hands loose.

 

[Warrenlm]

Yeah, what up with that?

http://www.businessinsider.com/henr...-the-banks-so-they-could-keep-lending-2009-12

Concerning this chart that lending is way down (as is also said hourly on CNBC) I read somewhere that the big banks are hoarding cash to be prepared to help the FDIC "rescue" failing regional banks next year (and coincidently grow). That will work well with the new government oversight panel and recovery fund for the too big to fails.(/sarcasm off)

 

[coolhand]

Concerning this chart that lending is way down (as is also said hourly on CNBC) I read somewhere that the big banks are hoarding cash to be prepared to help the FDIC "rescue" failing regional banks next year (and coincidently grow). That will work well with the new government oversight panel and recovery fund for the too big to fails.(/sarcasm off)

Sounds like another default wave coming.