Market Talk / Nov. 5 - Nov. 11

[weatherweenie]

Defense Secretary Donald Rumsfeld is stepping down, sources tell CNN

President Bush said he would nominate Robert Gates, a former CIA director, to replace Rumsfeld at the Pentagon.

 

[Birchtree]

Will the market continue to move higher from here and do so with more vigor than before because we have now relieved enough overbought condition to do so. Stay tuned and be right and sit tight. Ferdinand is on the charge.

 

[weatherweenie]

Will the market continue to move higher from here and do so with more vigor than before because we have now relieved enough overbought condition to do so. Stay tuned and be right and sit tight. Ferdinand is on the charge.

Lookin like the bull wants to run some more.

 

[weatherweenie]

Chicago's Moskow gave an encore presentation of his remarks from Mon which highlighted his belief that inflation is a larger risk than a slowing economy.

 

[ATCJeff]

That would be a dagger for the bears. It could trigger the capitulation we've been looking for (bears finally give up). If the market can hold this bounce that's one thing and the bears will suffer (those that don't capitulate). But if the bounce fades later today, I think it could have been the capitulation.

Do I sound like a desparate bear? Because I am.

Tom,

Looks like the Bulls win! Sorry buddy.

 

[Birchtree]

If the S&P 500 can close above 1389.08 that would be another yearly high. Snort. We have an hour to go - go short covering. May they rest in peace.

 

[mlk_man]

Pretty large volume surge on that move up.

 

[weatherweenie]

If the S&P 500 can close above 1389.08 that would be another yearly high. Snort. We have an hour to go - go short covering. May they rest in peace.

It's going to be close, 1385.22 with about 10 mins left.

 

[James48843]

It's going to be close, 1385.22 with about 10 mins left.

1385.72 at the close.

Wow.

Yes, the market has staying power. More upside ahead.

 

[Spaf]

Daily Yak

The Kingdom of TSP
Daily Edition
November 8, 2006 Closing​

Yak, Doodles, Tea Leaves & The Tin Box

Kingdom Yak:
Pro-Yak....................................Nothin shaken socks!

Con-Yak...................................Uh oh lube a risen!

Jester-Yak................................What bears?

Doodles:
Socks [$SPX] Closed at..............1385.72, up +2.88
Stops......................................Alert: 1376. Trail: 1363
Trend (MACD-Hist)....................increasing at -0.732.
Overbought/sold (S-STO)...........[80] 76.58 [20] increasing.

Lube (NYM) Closed at.................59.83, up +0.90
Oil Markers...............................<70= ok, 70-75= worry, >75= panic.

Tea Leaves:
Yakndoodles.............................Green.

Tin Box:
TSP........................................Safe; capital preservation.

 

[fabijo]

Maybe I should just follow Birch. He seems to be the market's voice. I'll have to DCA myself to millions.

 

[Fivetears]

F Fund - 0.09%
C Fund - 0.20%
S Fund - 0.67%
I Fund - 0.72%

 

[Birchtree]

Fabijo,

I wouldn't if I were you - no one else does. Now if you are a contrarian, well that is a different situation. Very few participants have the allocation that I've been maintaining and there is good reason for that stance. Snort.

Dennis - permabull #1

 

[Birchtree]

Here is something interesting. Over the past five years, the DJIA - comprising big companies - has risen 28% while the small-cap Russell 2000 has gained 76%. The S&P 500 trades at 18 times the past year's earnings, while the Russell 2000 trades at a much more expensive 35 times earnings. When everyone wakes up the C fund will be selling at a higher price than the I fund or S fund. Sleep well lilly padders.

 

[Fivetears]

Democrats take U.S. Senate
http://news.yahoo.com/news?tmpl=story&cid=578&u=/nm/20061109/pl_nm/usa_elections_senate_control_dc_4

 

[Birchtree]

Virginia won't have results for two weeks. What's this country in for now? Give them some rope and see how they hang - this preps for 2008 when it really counts.

 

[Fivetears]

20:1 odds we'll be watching impeachment proceedings on CNN before Spring.

 

[FundSurfer]

20:1 odds we'll be watching impeachment proceedings on CNN before Spring.

20:1 which way? I don't think we'll see that. I do think we are going to see gridlock in DC. I'll bet that veto pen gets used now....

 

[ATCJeff]

20:1 odds we'll be watching impeachment proceedings on CNN before Spring.

I'll take those odds.

 

[Spaf]

Tidbits of Market Talk

I don't recall where I got this or really how true it is!

A pull back is a decline in prices from its peak, a brief reversal of the upward trend.

An Adjustment or routine decline, a decline of 5-10%. Can last about 47 days and can occur 3 times a year.

A Moderate correction, would be a decline of 11-15%. Can last about 114 days. And, could happen once a year.

A Serious correction, would be a decline of more than 15%. Could entail a period of 216 days, and may happen in a two year time span.

A recession would be a decline of over 20%. Could last for 331 days. and could happen in a time span of 3.5 years.