Market Talk / Jan. 21 - 27

[HarryPotter]

I like that permabull concept. What it basically means that if you stay in the market, 9 of 10 times when you wake up you will be higher and profitably, certainly more than G or F fund. My slight modification of the idea is, keep joing the market when it retaces a little or a lot.

 

[Pilgrim]

Markets just went straight down and US dollar straight up. What happened??

 

[Wheels]

Markets just went straight down and US dollar straight up. What happened??

Did Tom jump in? (sorry Tom, it was a softball, I had to take the swing)

 

[350zCommTech]

Did Tom jump in? (sorry Tom, it was a softball, I had to take the swing)

Might have been RevShark? Tom mentioned in his daily comments that RevShark made a change.

 

[Birchtree]

Tom won't get in and I won't get out, dah! The bull is shaking the booty today.

 

[Pilgrim]

They're blaming it on Bonds!! Anybody buy that?


Dow industrials see triple-digit losses as bond yields spike
By Ciara Linnane
Last Update: 2:11 PM ET Jan 25, 2007

NEW YORK (MarketWatch) -- U.S. stocks took a sharp turn lower in afternoon trade Thursday as bond yields spiked higher, sending the Dow Jones Industrial Average down more than 100 points. The Dow was last down 110 points at 12,511. The yield on the benchmark 10-year stood at a five-month high of 4.869%. The S&P 500 was down 14 at 1,426 and the Nasdaq composite was off 27 points at 2,438.

http://www.marketwatch.com/news/sto...x?guid={82A93825-1EFA-41B7-806C-E09BF1C00E15}

 

[Rod]

Bonds are perhaps bracing itself for INFLATION?

per CNBC

 

[Rod]

If this is the case, we will be looking at a rate increase next week at the FOMC meeting. But who knows.

 

[Pilgrim]

A few posts up (yesterday I think) someone posted about foreign governments dumping U.S treasuries. Also, there was an auction today of 5 year notes, and I don't know how it went. Either could be behind it.

 

[350zCommTech]

Bonds are perhaps bracing itself for INFLATION?

per CNBC

That's pure garbage.

If this is the case, we will be looking at a rate increase next week at the FOMC meeting. But who knows.

Not going to happen.

A few posts up (yesterday I think) someone posted about foreign governments dumping U.S treasuries. Also, there was an auction today of 5 year notes, and I don't know how it went. Either could be behind it.

Bingo!!!

 

[Birchtree]

Bonds go up and bonds go down - just no place to hide. Be right and sit tight - tomorrow is another day. Some buyers should be picking up the bargains left on the floor.

 

[Rod]

That's pure garbage.



Not going to happen.



Bingo!!!

Yeah, I thought so too.

 

[FUTURESTRADER]

UUghhh..this is going to leave a mark

 

[HarryPotter]

I wont go bargain hunting until sometime late next week.

 

[Birchtree]

Bonds prefer bad news - they don't like to hear that housing inventory is decreasing and new home sales are experiencing some strengthening in price. The world is not going to end yet - F fund will finally be a buy.

 

[fedgolfer]

...if the markets don't find support leading up to the FOMC meeting, I wouldn't be suprised to hear a surprise in the language that just hints at a possible rate cut in the future. I'm not saying they'll cut the rate, just some vague language eluding to them monitoring the situation since the public is leaning to it being complelety off the table. The bull loves speculation.

 

[James48843]

I think I am beginning to believe in "Trader Fred".

 

[Spaf]

Daily Yak

The Kingdom of TSP
Daily Edition
January 25, 2007 Closing ​

Yak, Doodles, Tea Leaves & The Tin Box

Kingdom Yak:
Pro-Yak....................................Alerts triggered, but stops hold!

Con-Yak...................................Mixed earnings and news nixed market.

Jester-Yak................................Half a bull trap!

Doodles:
Socks ended dn for the day.
Stops.......................................Alert (-1%)....Trail (-2%)
.....$SPX..1423.90 -16.20............1426X............1412
.....IJR........65.93 -0.83..............66.26X...........65.56
.....EFA.......73.24 -1.21..............73.76X...........73.06

Dollar........................................85.12 +0.17 for the day.

Lube (NYMEX) Closed at...............54.23 -1.14 for the day.
Oil Markers.................................<60= ok, 60-65= worry, >65= panic.

Tea Leaves:
Yakndoodles................................Yellow.

Tin Box.
Leaders Ratio / Top 10 .................5.3 ......1.2 ......0.0 ......1.0 .....2.5 ....07 leaders
Leaders Play................................G-fund, F-fund, C-fund, S-fund, I-fund.

 

[ATCJeff]

Lets hope Microsoft comes to the rescue...

http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=OBR&Date=20070125&ID=6391241

 

[Fivetears]

After Hours Trading - DJ +4.00, ND -2.25, SP500 +0.70