coolhand's Account Talk

[nasa1974]

Dammit! Not fast enough. :laugh:

LOL

Sorry CH. Giving your account back to you.

 

[JimmyJoe]

I always wanted to be 'too cool for school'. I'm trying and I think I'm gonna make it there. Up to this point I have had to 'fake it till I make it'. And it's really never too late. I actually think I've 'got it going on' to a good degree right now. I'm using 'Tramadol', a muscle relaxer that helps release serotonin so now, yeah, I'm outta school and it's pretty cool.

Never quit.

 

[coolhand]

U.S. Is Bankrupt and We Don't Even Know: Laurence Kotlikoff

http://www.bloomberg.com/news/2010-...en-know-commentary-by-laurence-kotlikoff.html

 

[coolhand]

Goldman Sachs Says `Don't Be Afraid' of Prices Above Par: Credit Markets

http://www.bloomberg.com/news/2010-...fraid-of-prices-above-par-credit-markets.html

 

[coolhand]

Gold Rises on Speculation Federal Reserve Debt Purchase to Spur Inflation

http://www.bloomberg.com/news/2010-...r-u-s-economy-may-spur-investment-demand.html

 

[coolhand]

Pimco Says Fed Policies `Good for Risk Assets,' Won't Reduce Unemployment

http://www.bloomberg.com/news/2010-...or-risk-assets-won-t-reduce-unemployment.html

 

[coolhand]

Turning Japanese: The Risk of U.S. Deflation

http://www.pimco.com/Pages/TurningJapaneseTheRiskofUSDeflation.aspx

 

[crws]

Pimco Says Fed Policies `Good for Risk Assets,' Won't Reduce Unemployment

http://www.bloomberg.com/news/2010-...or-risk-assets-won-t-reduce-unemployment.html

Re: your link
Nice-

Bill Gross, who runs the record $239 billion Pimco Total Return Fund, raised his holdings of U.S. government-related debt in June to the highest level in eight months, according to the company’s website.

The fund returned 13.6 percent in the past year, beating 70 percent of its peers, according to data compiled by Bloomberg.

Hey BiiiirchTreeee...
13.6% in a BOND Fund!!!

 

[coolhand]

Futures continue to slide this morning. After yesterday's surprise FOMC announcement and given many mechanical systems turned bullish last week, I have to say I'm not particularly bullish at the moment. The FOMC statement is essentially saying the Fed (and by extension the administration) is concerned about this economy. We could see some significant short term pain before we get another bounce and/or any shot at higher prices.

I am seriously considering lightening up today and making an allocation change at the same time. My thought is that rallies should now be sold. The problem though, is sentiment can go bearish quickly too and that could provide some rallies to sell into later. But how low to we go before we see a rally? And this assumes the market doesn't fall apart.

The SS could give a confirmed sell given the futures market right now, but we've seen whipsaws (snap-back rallies) after sell signals have been confirmed. And there's also the possibility of an intra-day reversal in spite of today's expected gap-down.

They don't make it easy, and it's even tougher when you don't have any flexibility. Consider your situation carefully and have a plan as this market plays out.

 

[coolhand]

We got a bigger gap down than I'd have liked. It's very possible most of the weakness is behind us at this point, but there's still room for a bit more. Whether we get it remains to be seen.

 

[JTH]

We got a bigger gap down than I'd have liked. It's very possible most of the weakness is behind us at this point, but there's still room for a bit more. Whether we get it remains to be seen.

Making lower lows on some charts, although I do tend give more weight to the close. EFA with a huge gap down and the dolloar up? AGG is trading flat so where is the money going?

 

[coolhand]

Making lower lows on some charts, although I do tend give more weight to the close. EFA with a huge gap down and the dolloar up? AGG is trading flat so where is the money going?

Well, last week many mechanical systems were flipping to buys, so is it any wonder we're tanking now?

Guess what happens if we follow a sell signal at this point?

 

[coolhand]

This may not be your average decline. The Naz A/D is 97% negative. Market may be in trouble here, but of course we won't know till after the fact.

 

[coolhand]

I'm out. 100% G fund.

Good luck everyone. The SS will probably confirm a sell by the close assuming we don't see a reversal.

 

[Birchtree]

With all the selling perhaps the IRS will make a valuable contribution to reducing the budget deficit when they pull in those short term taxes from those who have fear in their eyes.

 

[WorkFE]

This may not be your average decline. The Naz A/D is 97% negative. Market may be in trouble here

I was half way fence riding anyway. If the market breaks down I've got 55% ready to dump in. If not no harm no foul. I don't see the market fighting back today though. Maybe tomorrow and friday.

 

[jdphx]

I was half way fence riding anyway. If the market breaks down I've got 55% ready to dump in. If not no harm no foul. I don't see the market fighting back today though. Maybe tomorrow and friday.

Don't worry.... if today keeps going like this, I will be there
to "lift" you at least ONE spot!!!

Just saw I I went 100% S.... Hmm

Think I'll do like the Tree and hang around a bit.

 

[crws]

Making lower lows on some charts, although I do tend give more weight to the close. EFA with a huge gap down and the dolloar up? AGG is trading flat so where is the money going?

EFA has had a substantial run. I'm glad I lightened up, but in hindsight should have taken it down another 10%.
I agree with the close and cash- gold's down too,and bonds are barely gaining.
The fact that the Fed advertised they will buy into the bond market can't really be very exciting news for yield seekers...

I think I'm going to sit tight. This looks like an overreaction/panic that will correct in the next few days.
If you remember, the last time Bernanke opened his mouth, the market took a dive, then came back to smoke out the end of the month with earnings and outlooks exceeding expectations.
JT- volume doesn't look all that impressive- thoughts?

 

[markmars]

I'm out. 100% G fund.

Good luck everyone. The SS will probably confirm a sell by the close assuming we don't see a reversal.

I’ve been thinking the same thing, but I’m going to grin and bear it till the end of August or the first of September. Hate to sell on a down day. Good Luck!

 

[robo]

I'm out. 100% G fund.

Good luck everyone. The SS will probably confirm a sell by the close assuming we don't see a reversal.

Thanks for the update....