Market Talk / May 21 - 27

[Wizard]

All valid and I agree we will be lower this summer. But you just don't see carnage like this lasting too much longer than this has before you get a relief rally.

Yeah, Cramer has said that 7 trading days in row.

Da bottom!!!!!!!!!! BUY, BUY, BUY. Did it again today.

Just like 2000. :embarrest:

India/Russia down over 30% in 8 days. We have seen nothing.

 

[Spaf]

Daily Yak

The Kingdom of TSP
Daily Edition
May 22, 2006 Closing​

Yak, Doodles, Tea Leaves & The Tin Box

Kingdom Yak:
Market Yak..............................A few bulls got loose but were rounded up by the horsemen. Another small retreat, but de-fence is holding.
Other Yak................................Lube rises with hurricane woes.
Jester Yak...............................The trucks have returned!

Doodles:
Socks [$SPX] Closed at..............1262.07, dn -4.96
Volume (CMF) (money flow).........-0.061, flat.
Averages (MACD) (trend)............-8.997, decreasing.
Momentum (S-STO) (signal)..........9.23, decreasing.
Strength (RSI) Overbought/sold....[70] 31.30 [30]

Lube (NYM) Closed at..................69.96, up +0.67
Oil Markers................................<70= ok, 70-75= worry, >75= panic.

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

Tin Box:
Position.....................................90% socks
Stops [$SPX].............................Alert: NA. Trail: NA.

 

[tsptalk]

Just like 2000. :embarrest:

Even in 2000, the market gave investors plenty of chances to get out. Look at all of the oversold rallies from January to September...

View attachment 947

 

[bkrownd]

Just like 2000.

Exactly what sham are people buying into that's equivalent to the notorious (and rather transparent) dot-bomb bubble? (OK, so people are hoarding gold again, but that isn't stocks) Why do people get so flustered over a small correction? Corrections are healthy. Market goes up, market goes down, market goes up, market goes down. Always has, always will. DO NOT PANIC!

 

[Fivetears]

Exactly what sham are people buying into that's equivalent to the notorious (and rather transparent) dot-bomb bubble? (OK, so people are hoarding gold again, but that isn't stocks) Why do people get so flustered over a small correction? Corrections are healthy. Market goes up, market goes down, market goes up, market goes down. Always has, always will. DO NOT PANIC!

Corrections are infact... part of this game. In this game, people generally do not like to loose. Most people don't find it comforting or healthy to loose money. What you may be reading as "flustered" are simply people looking for solid guidance. Having said that, buy gold if you can, protect your TSP investment in the G-Fund. Wait for the market storms to clear during this second & third quarter 4-year cycle low. JMHO Good Luck.

 

[Rod]

Enough!

Tuesday WILL BE the day.

 

[Birchtree]

Consensus is for a rebound and then a retest of the recent lows - heck may just not happen that way. We rally and keep on going trapping many shorts and leaving many at the station. These things can be tricky. I'm in up to my eye balls so I'll take what ever comes my way. Take care.

 

[Wizard]

Just like 2000. :embarrest:

Whoever was the market maven that gave me the nasty comment on my rep. Cramer called the bottom over and over in 2000.

Grow up! (you say?) Reality is rough, huh? I mentioned your "Guru" in a negative light and you tag me with a false comment - that I don't know what I am talking about concerning Cramer.

You got a problem with me. Respond to my post here and I will straighten you out because I post it like it is, not what you want it to be.


Bullish in 2000
"We are still long Cisco. Bought some more yesterday. It has been a poor performer though. Maybe that is enough."

- James J. Cramer - January 1, 2000

Cramer averaging in on CSCO at $50 (theStreet.com 1/1/2000)



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"I have a word for that. It's called 'the bottom.' Again, if you want to know why this market bottomed, I urge you to read my most recent version of the checklist that I set up during the bear market to tell you how to determine when you could get bullish again."
- James J. Cramer - Jan. 8, 2000

Calling the bottom (TheStreet.com 12/8/2000)



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"Once again, I reiterate that the bear phase is over. This rally looks like the real deal. It has the financials and the techs and the drugs all up. Maybe we bounce down a little off NDX 3000, but then we just reload and go through."
Sorry to be so unabashedly bullish. But nobody else I know is, so it seems fine with me.

- James J. Cramer January 11, 2000

The Bear Phase Is Over (TheStreet.com 12/11/2000)



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"Just makes me feel even more right. As does the action in these so-called broken tech stocks. That's bullish action coming from short-sellers covering, value buyers saying, 'I guess this is my chance' and momentum guys saying, 'I better get in and make a couple of good-looking charts before they take the money away!' That, my friends, is genuine tinder for a lasting rally."
- James J. Cramer January 12, 2000

Lasting Rally (TheStreet.com 12/12/2000)



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"We said we took off a lot of those shorts at 2500. We took off the remainder of the shorts at 2200. We have no shorts. That's what you do when you think you are around the bottom."
Covering shorts at NAZ 2200 (TheStreet.com 12/22/2000)

http://www.itulip.com/awards.htm

 

[Wizard]

Exactly what sham are people buying into that's equivalent to the notorious (and rather transparent) dot-bomb bubble?

S&P 500 average PE is nearly 33 now.

At the height of the "dot bomb bubble", as you call it, the average PE was 36.

But I am sure you know that, right?

 

[tsptalk]

I thought the S&P 500 P/E was now 18.12 - and forward P/E is closer to 14?

 

[TiCKed]

I thought the S&P 500 P/E was now 18.12 - and forward P/E is closer to 14?

Anyone know where to track down "the" number? I did a quick web search, but only found non-specific plots and non-dated numbers. Everything I found seemed to indicate current is less than 20, anyway...but that may be old.

(Secretly hoping that Tom is right....I hate bubbles. )

 

[Rod]

Well, futures are looking bright.

I just may have to put on some shades...

 

[TiCKed]

Well, futures are looking bright.

I just may have to put on some shades...

Must be in response to the Europe numbers. They're bouncing big time in early trading.

(But Asia sucked lemons.... )

 

[Rod]

Must be in response to the Europe numbers. They're bouncing big time in early trading.

(But Asia sucked lemons.... )

I'll venture to guess that if US markets fare well, the (I) fund will also post a gain then skyrocket tomorrow once Japan reacts to the US market action.

It doesn't hurt to wish!

We'll see...

 

[The_Technician]

I'll venture to guess that if US markets fare well, the (I) fund will also post a gain then skyrocket tomorrow once Japan reacts to the US market action.

It doesn't hurt to wish!

We'll see...

Wish you luck......you'll need it....I swear you and Birch must get together or read the same books......both of you are perma bulls!!!!

 

[The_Technician]

Whoever was the market maven that gave me the nasty comment on my rep. Cramer called the bottom over and over in 2000.


Cramer is just part of the public distribution system (PDS) the market makers have set up to get investors to buy "their" deal....have you ever heard of the players of the market tell you when its a good buy and it went up from there.........very rarely....

Being a market maker is like being a used car salesman.....they buy low and sell high.....and they don't advertise when/what they buy....true fact.....

 

[The_Technician]

Consensus is for a rebound and then a retest of the recent lows - heck may just not happen that way. We rally and keep on going trapping many shorts and leaving many at the station. These things can be tricky. I'm in up to my eye balls so I'll take what ever comes my way. Take care.

The last several days action hasn't been seen since the 200-2002 timeperiod.....why should the market all of a sudden go up is beyond me.....

 

[mlk_man]

S&P 500 average PE is nearly 33 now.

Please don't "spin" the facts.

http://www.decisionpoint.com/TAC/SWENLIN.html

Thanks,

M_M

 

[The_Technician]

S&P 500 average PE is nearly 33 now.

Please don't "spin" the facts.

http://www.decisionpoint.com/TAC/SWENLIN.html

Thanks,

M_M

Sometimes MM you need to read your own posts....

 

[Spartan]

The last several days action hasn't been seen since the 200-2002 timeperiod.....why should the market all of a sudden go up is beyond me.....

It seems that most things are beyond you.