Market Talk / Jan. 15 - 21

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Six gears

The salesperson said the C fund racer had six gears and no brakes - I said I can always drag my heels and the price was right. The only problem is I can't get out of 1st gear - I got horsepower and plenty of RPM - but it just won't go any faster. Dear Tom: Do I need a new transmission or more lubricant.? I mean, if I do nothing I will still get to the finish line but it will be after sundown - hope they leave some lights on. Take care

Dennis
 
After today, the S fund will be the clear and decisive leader for the year, again. Still waiting for this big rotation that is supposed to happen.

Dave
<><
 
I read the manual

The C fund racer comes equiped with believe it or not - a clutch. Well, no wonder I've been stuck in 1st gear - use the clutch. Now stand back, because I still don't have any breaks. Will six gears take me to S&P 500 of 1527.46? If not I'll have to trade up to the hybrid model.
 
I am happy that the last couple days showed support at the lower levels- I think the bulk of the pullback is over.

today I am moving my money, which had been 60% in G, and then a little slit three ways elsewhere in stocks, into this new position:

0% G,
0% F,
30% S
30% C
40% I

I just did the IFT, hope it is effective today. We'll see.

Good luck.
 
micro managing

I would hate to be micro managing/timing the market now. What a turn around in Japan!

The speculation in the oil price is just too much. To pull a number out of the air I would say 10% of the current price is based on rumour/Iran. It remains a windfall for OPEC and other oil exporters as well as for other oil drillers, refiners and etc.

I hope it won't go as far as them biting the hand that feeds them ... but it has happened before.

The Middle East is a festering pit that needs some kind of power balance ... without Isreal figuring into that balance at all. Either Saudi Arabia doesn't have the muscle, or won't use it; Sadam and Iran kept each other in check for years and years, but now that is history.

Meanwhile with oil prices at this current level, deeper oil drilling and exploration is becoming profitable. It will only be a matter of time/price when oil drilling will take place some distance off the coasts of Florida. I see it this way: real estate is being developed in areas of Miami-Dade county where most thought foolish 10 years ago. Well, guess what? It is happening now.
 
R2K today

The Russell 2000 is placing a new all time high today at 715. Makes me nervous much more than anything else.
 
Trains and Planes

The DJTA (transportation) will penetrate its' previous all time high perhaps tomorrow - at or above 466.75. Another Dow Theory confirmation in progress.
 
Birchtree said:
The Russell 2000 is placing a new all time high today at 715. Makes me nervous much more than anything else.
Click to expand...

If this isn't a head fake, watch in the next few days for the SP500 to break 1300, Wilshire 4500 to get 608 in its crosshair, Dow to retest 11,000, I fund to refill from panic selling. Then get nervous :cool:
 
well, guess what ...

SIX-YEAR LOW ON JOBLESS CLAIMS

A separate report suggesting a robust labor market showed the number of U.S. workers making new claims for unemployment benefits fell unexpectedly last week to the lowest level in nearly six years.

The reading prompted some analysts to upgrade their forecasts for the January employment report after weak job growth in December.

The Labor Department said initial claims for state jobless aid fell 36,000 in the week ended January 14 from a revised 307,000 the previous week, the lowest level since April 2000.

"The trend in this data suggests a stronger payroll report than we had been anticipating," said Matus, the Lehman Brothers economist, who raised his forecast to 235,000 from 195,000.

A Labor Department analyst said there were no special factors behind last week's drop, but noted that there is typically extra volatility in the data around the holidays.

Federal Reserve officials believe strong U.S. growth has lifted the economy close to full employment -- a theoretical concept indicating the lowest level of unemployment the United States can sustain without triggering wage inflation.

The unemployment rate dropped to 4.9 percent in December despite lackluster job growth of just 108,000 last month.

(Additional reporting by Kristin Roberts)

Copyright 2006 Reuters

Back to News Home

MSN Money

So there is giga-tons of debt out there, but full-employment and China exporting deflation. My hope is that the FED doesn't take things too far.
 
The short sellers in Japan said no more and started to cover.

Can you blame them? The market does a redo and the market is closed early to protect the speculators.

The Japenese have huge margin accounts (they take a loan out and use it to buy stock) because their money market/saving accounts pay 0%. Their 10 year bond is below 1%.

Stocks start to fall then people get margin calls and they do not have the money to pay because they have everything they have in the market.
 
My misprint

Dow Transports previous high was 4266.74

Dow Utilities previous high was 437.63

BULLS remain in charge.
 
Gold is not going up. The dollar is going down.
Well Wizard I could care less about the price of Gold as it has no influence on the I fund of late. I am pulling for the Dollar to go down and SORRY TO SAY
 
Ground hog day?

MOT just reported earnings. Off the the woodshed.

Down 5%.

Next up PFE.
 
Well Wizard; I hope your mantra (gold is not going up the Dollar is going down) holds true for tomorrow, although I could care less about Gold as over the past two years or maybe more, the price of gold has not influenced the I fund. I am 100% I fund for tomorrow.
Unfortunately bin laden’s war cry may have a lot to do with driving the dollar down. Lets hope the rat stays in his hole.
 
JOVARN said:
Gold is not going up. The dollar is going down.
Well Wizard I could care less about the price of Gold as it has no influence on the I fund of late. I am pulling for the Dollar to go down and SORRY TO SAY
Click to expand...

Priced in gold the I fund is losing value too.

Year to date:

Gold is up around 7% .

I fund is up around 2%.
 
JOVARN said:
I could care less about the price of Gold
Click to expand...
Sorry to say this but Gold is the oldest universal monetary that had been around for many many centuries. The price of gold and oil play a major part in today's economy. If someone would ask me this question: "Would you like $1000 in gold or in US dollars?". I would take the gold over the weak dollars without any hesitation. :)
 
Can not get a quote on PFE. Profits slip but beat forecast

GNSS just reported. Off to the shed. Down 9%.

XLNX next. Off to the shed. Down 7%

That is it for today. My trading station is locking up. After hours lock down?:confused:
 
LA_Guy said:
Sorry to say this but Gold is the oldest universal monetary that had been around for many many centuries. The price of gold and oil play a major part in today's economy. If someone would ask me this question: "Would you like $1000 in gold or in US dollars?". I would take the gold over the weak dollars without any hesitation. :)
Click to expand...

He sounds like he listens to CNBC. :o .
 
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