Market Talk / April 30 - May 6

[SkyPilot]

Fed Chairman, on CNBC said the media got him wrong last week. He is not "dovish" on rates, but rather "flexible". This put some cold water on the notion that rate hikes are certainly at an end, and reiterated that data will determine future rate adjustments.

 

[The_Technician]

The reports on the manufacturing/consumer spending today indicated the economy was inflationary.....this should have been expected....we should pull out of the doldrums at a slow rate .......but that is not happening....too much too soon.....interest rates will go up to damping this rapid manufacturing rate....I'm surprised oil hasn't damped it already..........

 

[Pilgrim]

He wasn't on CNBC:

"NEW YORK (MarketWatch) -- U.S. stocks turned lower Monday after a CNBC anchor said Federal Reserve Chairman Ben Bernanke had told her that the markets had misunderstood his congressional testimony, interpreting him as more dovish than he was on interest rates. Noted CNBC news anchor Maria Bartiromo announced on the air that she had a private conversation with Bernanke at a Washington dinner on Saturday and Bernanke told her that the media misunderstood his remarks. In testimony to Congress on Thursday, Bernanke said: "there is ... the possibility that if there is sufficient uncertainty, that we may chose to pause, simply to gain more information to learn better what the true risks are and how the economy is actually evolving." Bartiromo said that Bernanke told her that he was trying to create flexibility for the central bank and data would determine rate moves."

 

[SkyPilot]

Pilgrim, your'e correct.

He wasn't on CNBC.

HOWEVER, HIS COMMENTS WERE...

I think my response covered the question. Don't be cheeky.

 

[Pilgrim]

Pilgrim, your'e correct.

He wasn't on CNBC.

HOWEVER, HIS COMMENTS WERE...

I think my response covered the question. Don't be cheeky.

Sorry, didn't mean to be. Just got my ass handed to me compliments of some mouthy, sensationalistic reporter and was a little torqued.

 

[SkyPilot]

I agree. Wish she had kept her party talk to herself . I bet he doesn't "whisper in her ear" again!

 

[Wizard]

Sorry, didn't mean to be. Just got my ass handed to me compliments of some mouthy, sensationalistic reporter and was a little torqued.

They had to do something. The USD was in free fall and the commodities are screaming.

Other foreign central banks are raising rates.

Game over.

 

[SkyPilot]

Don't think it was enough. Tomorrow, GAME ON!

 

[Pilgrim]

"Mama said their'll be days like this, their'll be days like this my mama said"

No point whining, tomorrow is another day. Unfortunately, this one looked so good at 11:45 that I bailed to the G fund. I suppose tomorrow things will snap back up.

"Mama said......."

 

[Wizard]

"Mama said......."

Waterboy?

http://www0.gsb.columbia.edu/everybreath/

 

[Pilgrim]

Waterboy?

Old song by the Shirelles titled "Mama said"

 

[Wizard]

Old song by the Shirelles titled "Mama said"

A reporter waited until the last trading hour to report a story from Saturday?

Guess the deal was if crude and the precious metals are flying and the USD is getting crushed you can "report" it.

Maria looks awful proud of herself. She must think it is the 1990s again.

My fav Maria quote from March 2000

"Cash is to be avoided. Buy the dip". Classic. :nuts:

 

[nnuut]

I am at a loss for words that I can write and NOT get deleated by SPAF!!! %@%&(()_)#!@

 

[Dave M]

Sentiment

Score another victory for the sentiment factor which turned on a dime. By tomorrow cooler heads will be buying. Think so? I do.

Dave

 

[Wizard]

Re: Sentiment

Score another victory for the sentiment factor which turned on a dime. By tomorrow cooler heads will be buying. Think so? I do.

Dave

Another FOMC meeting in 9 days. I think the cooler heads would not want to step in front of that train.

Good thing the Fed is transparent to the market.

 

[JOVARN]

Glad she doesn't have her finger on the Nuke button. I'm sure we have not heard the last; regarding her comments.
I heard her say that she would speak on the topic, regarding that the press got it wrong but I did not hear the report, as I was about to start a poker trny.
I lost there as well, not a good day 4 me.
Tomorrow is another day

 

[Birchtree]

Please, don't listen to what they say, watch what they do. The Fed is designed to keep market participants off their guard. I'll take another day tomorrow just like today.

 

[Spaf]

Daily Yak

The Kingdom of TSP
Daily Edition
May 1, 2006 Closing​

Yak, Doodles, Tea Leaves & The Tin Box

Kingdom Yak:
Market Yak..............................Socks fall under the weight of lube and the Cartel, making a lower high.
Other Yak................................Lube shoots close to 74.
Jester Yak...............................Worst 6 months begin with May

Doodles:
Socks [$SPX] Closed at..............1305.19, dn -5.42
Volume (CMF) (money flow).........+0.003, flat.
Averages (MACD) (trend)............+3.531, decreasing.
Momentum (S-STO) (signal).........74.20, decreasing.
Strength (RSI) Overbought/sold....[70] 53.04 [30]

Lube (NYM) Closed at..................73.70, up +1.82
Oil Markers................................<70= ok, 70-75= worry, >75= panic.

Tea Leaves:
Charts & Stuff............................Yellow

Tin Box:
Position.....................................0% Socks
Stops [$SPX].............................Alert: 1306 [broken]. Trail: 1294.

 

[Master]

... I bet he doesn't "whisper in her ear" again!

That would be a really hard thing NOT to do .

 

[tsptalk]

I said "flaws", not "pause."

- Ben B.