Market Talk

[The_Technician]

imported post

Hmmm....maybe since the price of crude is the money train right now....they want the dollar to drop one more time to sell alot of crude at high prices....buy low-sell high...

I love it..... crude is close to all time high....and the market is pretending to be oblivious to a double whammy.....its a high cost in doing business as well as a heavy burden on the consumer......all for the sake of making one more penny!!!

Do I hear people jumping out of windows yet......:shock:

:dude:

 

[Guest]

imported post

DMA wrote:

Wonder Woman wrote:

What's a "level II?"

http://daytrading.about.com/cs/nasdaqlevelii/a/level_ii.htmMy eye candy.

Oohhh... So you are truly an honored member!

 

[Guest]

imported post

The Technician wrote:

I love it..... crude is close to all time high....and the market is pretending to be oblivious to a double whammy.....its a high cost in doing business as well as a heavy burden on the consumer

Oil sets new record at $58.60


Jun 17, 4:11 PM (ET)

By Bernie Woodall

NEW YORK (Reuters) - Oil prices set a new record of $58.60 a barrel on Friday, after the United States and other Western nations shut consulates in oil-producing Nigeria following a terrorist threat.

Concerns about the ability of U.S. refiners to cope with strong U.S. demand, despite rising fuel costs, also helped propel prices above the record of $58.28 set in April.

U.S. crude hit the record near the end of Friday's trading session on the New York Mercantile Exchange.

In London, Brent crude also hit an all-time high of $57.95 a barrel on the International Petroleum Exchange, breaking the former record of $57.65 set in April.

U.S. crude settled at $58.47 a barrel, up $1.89. Brent settled at $57.76 a barrel, up $1.54.

The new records are for nearest-month futures, which are July delivery for U.S. crude and August delivery for Brent. U.S. December crude futures hit a record of $60.40 a barrel, the all-time high for any monthly contract.

 

[Guest]

imported post

I guess crude near 59 does not matter anymore?

 

[Guest]

imported post

tennisguy wrote:

looks like a great day for the i fund.. I missed the train
Does anyone know why the Dollar is falling?
Thanks
Tennisguy

Current account record 195B.

That is our trade inbalance with other nations.

We consume 195B more then sell. :shock:

That can not keep up much longer before the USD cracks.

Jefferson's Insight

If we read Jefferson's comments with today's definition of inflation and deflation, it makes little apparent sense. However, the meaning of the words "inflation" and "deflation" have changed over time so that they now mean, respectively, an increase or decrease in consumer consumption. In their more classic economic sense, inflation refers to an in increase in the money stock (cash and debt) outstanding in the society. Deflation refers to a decrease in the money stock.

Jefferson's warning now becomes a little clearer. History is riddled with monetary inflation accompanied by uneconomic activity, speculative booms, and investment mania, all resulting from the excess inflation of the money stock, followed by crashes. There is nothing surprising or even unreasonable about market speculation - so long as one realizes the dynamic causing the speculation and limits exposure be it real estate, equities, bonds, interest rate derivatives, and other financial instruments. However, few retail investors do understand when a bubble is underway and the top usually occurs after the flow of new credit or increases in the money stock starts to slow - a visible signal within the financial system but not to the average investor.

 

[Guest]

imported post

tennisguy wrote:

looks like a great day for the i fund.. I missed the train
Does anyone know why the Dollar is falling?
Thanks
Tennisguy

I fund went to $15.55, a 1.8% advance.

 

[Guest]

imported post

Piffy means creative.

Today made no sense to me.

Quad witches are that way.

I tend to favor being conservative during this time period May-Sep.

Reasons was the 54 years of history I posted yesterday.

I got the .01 - I am very happy with that.

I got a sneaky this time next week .01 gain will look, very very good.

:^

 

[tsptalk]

imported post

More on window dressing from [url]www.sentimentrader.com[/url]...

"Over the next week or so, we will be hearing more and more about quarter-end “window dressing”. Analysts, pundits and traders will say that since the first quarter of the year was so bad, and now that funds have some gains to protect going into the end of the second quarter at the end of June, it’s unlikely we’ll see prices decline in the last couple weeks of the month. The theory may sound good, but it simply doesn’t hold up when we actually look at the numbers (imagine that!). Using S&P 500 history back to 1950, there were 10 other years when the first quarter was negative by 1% or more, then the second quarter was positive heading into the last couple weeks of June. In those 10 years, the last two weeks of the month were positive only three times, and the average return turned out to be -1.3%. So if anything, the numbers would suggest we’re MORE likely to see increased selling, perhaps because of funds trying to realize the gains they had to scratch out after a tough first quarter." - Jason Geopfert

 

[Guest]

imported post

Tom thanks for the post.

This has turned into a major focus this year.

99% of the "experts" are saying buy stock so you participate in the window dressing rally.

This reminds me of the 99% of the same "experts" that said buy stocks to partipate in the IRA/ROTH rally first week of January of this year.

Not to be negative but I did not buy it then and I am not going to buy (stock) it now. I am HEAVY short like 80% of my networth is short for Monday. :shock::shock::shock:

Have a great weekend!!!!!

 

[The_Technician]

imported post

Great.....more credit card security breachs....40 Million will be affected this time....if something happens in credit cards, I hope they don't break the bank....its bad enough for individuals to be heavy in credit debt, but what happens when the institutions go zonkers.....

Quadrupel witching.....:X:%:*:h:U:end::#.....:zz

Do I have to say more????????

:dude:

 

[Guest]

imported post

The Technician wrote:

Great.....more credit card security breachs....40 Million will be affected this time....if something happens in credit cards, I hope they don't break the bank....its bad enough for individuals to be heavy in credit debt, but what happens when the institutions go zonkers.....

Quadrupel witching.....:X:%:*:h:U:end::#.....:zz

Do I have to say more????????

:dude:

Yeap and min payment went from 2% to 4 or 6% this month.

Optionsmuste be expensed starting June 15th.

All week - great CPI/PPI due to lower oil prices.

 

[Guest]

imported post

DMA wrote:

Yeap and min payment went from 2% to 4 or 6% this month.

But that is a good thing! Unless it is to late for some people.

 

[Guest]

imported post

If they are late their interest rate can go up to 30-35% on ALL their credit cards not only the one they are late on.

All for the ole mighty bottom line. :?