Market Talk / Jan. 15 - 21

Wizard said:
Funny CNBC is not even talking about it. Big story is about a merger with Guidant. :rolleyes:

Pay no attention to the man behind the curtain.

Funny isn't it?? CNBC is always bringing what is important to (them, hrmmph) YOU for (their, ahhemmm) YOUR benefit. If I started an IPO on a business venture selling bowls of dried dogsh*t filled with cat piss called "Nature's Aromatherapy", ticker symbol NARM, CNBC would hype it as a "Buy".

Anyways, even GOOG and AAPL are down in sympathy. GOOG to YHOO and AAPL to INTC/IBM.
 
Cortez said:
Funny isn't it?? CNBC is always bringing what is important to (them, hrmmph) YOU for (their, ahhemmm) YOUR benefit. If I started an IPO on a business venture selling bowls of dried dogsh*t filled with cat piss called "Nature's Aromatherapy", ticker symbol NARM, CNBC would hype it as a "Buy".

Anyways, even GOOG and AAPL are down in sympathy. GOOG to YHOO and AAPL to INTC/IBM.

60% of their sponsors are the brokers. They got to pump the market for advertisement revenue. If eyes start to wonder and channels start to flip then their bonuses go down. Nifty new graphics and rally the market off a job report that missed by 100%. As the MTV generation says, you been pawned.
 
Disappointing Earnings

Disappointing earnings could pull down International and Japan again tomorrow. I'll be watching both ETF's in the Futures to add 1% to 3% to my long term portfolio if the sell-off continues... Made a bunch on Emerging and Japan last year. I'm not sure if we can get high double digit again this year, but should have a ok year. Birchtree, whats your take on Japan? Is this pull-back in Japan a sale yet? I sold early in the year after a 4 to 5% gain due to the dollar slide. Is this the start of a correction? Big run on those ETF's last year!!! Still heavy in Fixed income looking for buying Op's.....
 
Watch Spot Run

Robo,

Japan along with other internationals has been running hard since April'05.

I actually would like to see the internationals trade sideways to down for the next three weeks - providing an opportunity for my dollar cost averaging.

Technology stocks in Japan have been particulary hot over the past month, and after strong gains are, along with the market, due for a cooldown. These economies have several years of growth ahead of them, along with all the problems this growth will present - but no reason to lighten up my position. Actually I may peel off some small cap profit and readjust into the international fund because the potential long term is similar to the C fund. So for the time being I'm frozen in time. But be my guest and apply your 1to3% all the way down until you can't see the bottom - but it's there.

Dennis
 
Daily Yak

The Kingdom of TSP
Daily Edition
Jan. 17, 2006

Yak, Doodles, Tea Leaves, and The Tin Box.

Kingdom Yak:
Market Yak............ Krude spooks vestors. Horsemen Krude and Earnie have returned to the kingdom.
Other Yak.............. Lube prices highest in about 4 months, violence in Nigeria, problems in Iran.

Doodles:
Socks.................. S&P 500 ($SPX)
Closed at............. 1282.93, dn -4.68
Money flow........... +0.89, rising.
Stops.................. Alert: 1282, Trailing: 1270.
Averages.............. +9.14, declining.
Slow STO............. 80.95, declining.
Overbought/sold.... [70] 59.2 [30]

Lube.................... Light Crude (NYM)
Closed at.............. 66.31, up +2.39
Markers:............... <60 = ok, 60-64 = worry, >64 = critical.

Tea leaves:
Charts and Stuff.... Yellow.

The Tin Box:
Position................ 100G
 
The Nikkei share average posted its biggest percentage loss in nine months on Tuesday, falling 2.84 percent on sharp selling of small-cap stocks after news portal operator Livedoor Co. <4753.T> was being investigated.

The Nikkei ended down 462.08 points at 15,805.95, breaking below 16,000 for the first time since December 2005.

I am betting that the international decline is a result of the above scandal and fear and profit protection kicked in driving the Nikkei down.
I have been 40% I for a few weeks now and have no plan to change that at this time based on these recent events.
Time will tell.
I would love to get my 60% out of G but am having a problem moving to C or S while the price of oil climbs and IRAN is selling China oil at a discount.
Trade gap is sure to swell.
 
Black gold, oil, $67.00.

Japan first season ugly. Down 410 points. 1000 points in three days. Second session on tap.
 
Omen? Tomorrow is the annivesary of the death of the creater of the Ponzi Scheme, Charles Ponzi.

:eek:
 
Lock Limits

FUTURESTRADER said:
S&P 500 futures down 9.20

Now down over 12.00. Anyone know the lock limit on S&P 500 and Naz 100 fututes these days? I know they changed a couple of years ago but we rarely see them hit anymore. Seems like in the late 90's early 2000's it was almost common.
 
This could turn ugly.

Any technical geniuses out there have any reasonable guesses as to where the market will find its support?

For those of us on the sidelines, it'd be nice to drop all the way back to the long-term trendline and then bounce back, but I doubt we'll go that far (unless we go to war with Iran).
 
They lock down limited Japan last night. That thing was in free fall. It was down like 868 and they did a "do over" and moved it back to down 464.

I am thinking derivate trades are blowing up somewhere. They are saying Japan my not open today or be delayed at the least.

It is carrying over worldwide now. Euroland down hard. :eek:
 
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