Market Talk Page

[Guest]

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Calling all shorts (I am all over it):
Viacom Loses $18.4 Billion After Writing Down Radio Business

iacom Inc. lost $18.4 billion in the fourth quarter, mainly because it took an $18 billion writeoff to reflect the declining value of its radio station operations, along with its outdoor advertising business.

 

[Guest]

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Lost 18.4 BILLION in one quarter. What is the market cap on this pig?

That has to be 75% of the market cap and it is still at $35.28???

Got a big short on this. Could be a good Friday.

I love this time of night.

 

[coolhand]

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Okay, now Q4 GDP is revised upward to 3.8% (above expectations). Seems to me this willput more upward pressure on interest rates andadd toinflation fears.

It will be interesting to see how the market reacts to this news today. So far the bond market andindices are relatively unchanged while this news is digested.

 

[cowboy]

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Wether this is a bull or a bear I don't care! It's out of the chute and I'm spurring it!

 

[Spaf]

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coolhand wrote:

It will be interesting to see how the market reacts to this news today.

According to Dr_D the market has a case of ED [economic drivers].

 

[Ragin Cajun]

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I do NOT mean this insensitivitively, but what (if any) would the effect of the Pope's death, and resulting uncertainty of picking a new Catholic leader, be on the markets?

 

[smine]

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interesting question. Pope doing better I think but he is frail.

 

[Mike]

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I don't see why/how the Pope's health would influence the markets.

 

[Spaf]

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Still skeptical about the market. Recent daily returns have been gainful. Maybe it's ok to go flying, cautiously. Money flow indicators look positive. Sooooooo!
Transfering to 50%G, 20%C, 15%S, and 15%I for Friday's close.

Hope there arn't any sharks in the water for next week!

 

[coolhand]

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Spaf wrote:

coolhand wrote:

It will be interesting to see how the market reacts to this news today.

According to Dr_D the market has a case of ED [economic drivers].

I wouldn't argue with that...I can relate!

 

[Guest]

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Seems like each report is getting more and more important.

Quite the list of economic reports next week. 17 (WOW) reports. The end of the week is the job report.

I think the international markets will rally on the U.S. markets today. Then want to go back to the safety of G and hope the .01 is paid on Tuesday and watch how the economic reports are received by the market. March is not normally a very strong month for the market.

 

[Spaf]

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We kind of been stuck in a trading range with the market. Near real time charts show that market strength RSI is >50 and increasing. The MACD moving averages has the slow 12 day macrossing under the larger 26 day ma.

The question is now, will the market have the strength to break out of the trading range?Here's hoping! :^

Will be venturing out a little next week. It was kind of warm and fuzzy in the G-fund. But, now is that breakfast I smell?

 

[Mike]

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Unless the next batch of data is a positive surprise, I'd guess that we'll hit the upper resistance and drop back down again. Looks like the trading range of the S&P is roughly 1180-1210.

If the upper resistance holds, I'll look at ~1180-1185 as an entry point...

 

[coolhand]

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Spaf wrote:

But, now is that breakfast I smell?

For you or the sharks?

 

[Guest]

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17 economic reports next week. After next week that will provide us a clearer picture on direction. If you are on the right side of the job report you could have a great week. Thursday afternoon will tell us whatFriday will look like. To bad we have to have our change in my noon on Thursday. Around 1400 the white house (casa blanco) gets the job report and somehow the hedge fund guys get it shortly there after. Watch the market between 1400-1430. It will be as clear as a bell what the job report will be. I will be trading ETFs then to get ahead of the rest of us peons, short or long. Everything else is noise, Thursday afternoon will let you do if there could be a good rally or downturn. That is my predication and I am holding Coolhand to it.

 

[coolhand]

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http://tinyurl.com/3lygq

The dollar is spiking lower all of sudden. "I" fund is continuing to move higher (.85%).

 

[Guest]

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Hopefully everyone changes work out for them. We will see Monday afternoon. I am "hoping" my move was the closes to a sure thing as I could get.

Monday morning if those reports come in bad there could be another sell off. Dollar spiking lower??? Another central bank saying they are going to dump their U.S. Debt?

Have to research that.

My futures trades and refinery longs are working out great, so far. I probably just jinxed myself again. But the register is chinging so far.

 

[coolhand]

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Dr_Dubious wrote:

17 economic reports next week. After next week that will provide us a clearer picture on direction. If you are on the right side of the job report you could have a great week.

Good luck trekking through that minefield. Without a long term catalyst any economic report will have a short-term impact.

Thursday afternoon will tell us what Monday will look like. To bad we have to have our change in my noon on Thursday. Around 1400 the white house (casa blanco) gets the job report and somehow the hedge fund guys get it shortly there after. Watch the market between 1400-1430. It will be as clear as a bell what the job report will be. I will be trading ETFs then to get ahead of the rest of us peons, short or long. Everything else is noise, Thursday afternoon will let you do if there could be a good rally or downturn. That is my predication and I am holding Coolhand to it.

I'll do my best! As I'm on travel next week I won't be able to post too much, let alone follow the market closely, but I'll try.

 

[Guest]

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Oh boy. What that means is the internationals were not happy with 3.8% GDP report. My move is not looking to go now. Hopefully no one followed.

 

[coolhand]

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Dr_Dubious wrote:

Monday morning if those reports come in bad there could be another sell off. Dollar spiking lower??? Another central bank saying they are going to dump their U.S. Debt?

Well...maybe "spiking" is a bit strong. Let's just say it is moving lower, but keep a watchful eye out.