MARKET WATCH

[The_Technician]

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Interesting day yesterday, 14 April....only market to go positive was Norway.......all the others were -.9% to -1.9%.......

Major market day around the world.....I still think it will be another week or so before getting back in is considered safe.....but who knows......

Another note.......I consider the I Fund performance over the next year as negatively biased.....due to the strengthening dollar....:X

Interesting Fact, if you mearly traded the S fund, every day, in and out, you would have outperformed its return of approximately23%(since Dec 2003) by 3% for a 26% return.....

Reminder- Have you paid your taxes yet!!!! C'mon Congress,give theestate tax the boot!!!!

The Technician

 

[smine]

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A good day to buy into the I fund or not really?

 

[The_Technician]

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I'd give itanother day....and then I wouldn't stay in it long....nothing past 2-3 days..



The Technician

 

[tsptalk]

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smine wrote:

A good day to buy into the I fund or not really?

Interesting idea, but the US market may continue to fly up next weekif this early reversal is the real deal. And you'd have to worry aboutthe dollar.

 

[tsptalk]

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tennisguy wrote:

Ok if it wasn't for this site I would be running for the G fund right now. losing over 1.5 percent in two days owch! (I would be part of the dumb money) But instead I am starting to look forward to the next couple of weeks. My emotions tell me to sell which is a good sign for the bulls to come out I guess. sure learning alot :^
Good luck
Tennis Guy:

Cool. Now if I can convince the new folks who were in the G fund and went into stocks when I did.

The reversal hasn't really snapped back all the way as we fade back a bt as I write. Oil is down .78. Cross your fingers.

 

[robo]

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I'm sticking with it Tom! The number of bulls has dropped all the way to 28%. It has to mean that this darn decline is close to the end. I returned to market around the same time you did. It hurts, but if we can stay above 1153 it will be ok.

 

[Gritz]

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No convincing necessary here Tom :^, your calls have been well documented/supported and we each must have our own level of responsibility to due diligence; in fact, trying to decide if this would be a good point to commit my remaining % to stock; probably be best for all, as last time thought I was buying in on the down the market reversed.

What's in the arena is staying for the ride, and may need to be added to.

 

[coolhand]

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Gritz wrote:

No convincing necessary here Tom :^, your calls have been well documented/supported and we each must have our own level of responsibility to due diligence; in fact, trying to decide if this would be a good point to commit my remaining % to stock; probably be best for all, as last time thought I was buying in on the down the market reversed.

What's in the arena is staying for the ride, and may need to be added to.

That's my thoughts as well. I would have pulled the plug if I could have gotten even, but since we've come down so far so fast, I'm staying for the ride.

Now the hard part is trying to decided when to throw that last 10% I have in G into the market...heh, heh. What the heck, I'm not retiring any time soon.

 

[CSI]

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It's hard watching the herd stampede. Those of you who got out of the way early or those who never got in, congrats. Here is a repeat of a post I made Tuesday of this week: I've seen the best bulls fall and stumble out of the shute and I've seen them just be onnery as all heck and just act out in the shute. We've had a double bottom recently and looks like a triple if it holds. If it holds we are on our way to the finals, but if not, the slop may just have started. Like I've always said, its a gamble knowing when to holden and knowing when to walk away. As always, best of luck to all.


My position has not changed, we just got the slop right now instead of heading to the finals early, but like in bull riding, the finals are not until November. We will shake the slop off and ride again.

 

[The_Technician]

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Another interesting fact...

Did you know if you add all the positive days in the S fund since Dec 2003, you would get over a 200% gain for the period.:shock:

Just an interesting observation.....and maybe an individual goal you should try to achieve (get closer to).:dude:

The Technician

 

[coolhand]

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S&P is now well below its 200dma (1153.52) at 1142.75 and falling with 12 minutes to go.

PPI/CPI released next week, among other data. No reason to think they will reveal good news. Just something to consider if you have anything to throw at this market (and if you're so inclined).

Plus, we have the "go away in May"investors almost certainly contributing to this sell-off. We may have a ways to go yet.

Dollar is significantly weaker against the major currencies. Glad I have a chunk in the I fund. It's helping to temper these (temporary) losses.

Wonder when the PPT kicks in?

 

[CSI]

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Whoa!!!!!!!!!!!!!!!!! Nelly!!!!!!!!!!!!!!!!!!!!!! I just checked in and couldn't believe some rustlers stolemy bacon today after having already destroyed some of my crops earlier this week. I'm sorry I missed it, today must have been a doozy. I remember telling Tom(Mr. TSPTALK) earlier this yr we might just see another 5% drop in the market and low and behold, look what happened this week. I'm keeping my double barrel shotgun loaded just in case they show back up next week. Some say if you can't lickum, joinum. I say, let's round um up, tar and feather them. This could turn into a long dry summer if we can't corral them there bears. Hope ya'll have a great weekend and a better week next.I've got my three grandaughters staying with me and the lady for the weekend and we're heading out to watch Disney onIce tonight. Ya,ll take care now!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

[Gritz]

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Reminds me of an old song:

I been workin'in a coal mine
Goin' down down down
Workin' in a coal mine
Whoop! about to slip down
Workin' in a coal mine
Goin' down down down
Workin' in a coal mine
Whoop! about to slip down

Lord I am so tired
How long can this go on?

I'm workin' in a coal mine
Goin' down down down

Glad the weekend's here; talking heads on Fox were calling a bottom (not sure that's good or not).

Looking forward to seeing some techno charts from you wizards of the market. Time to grill a Little chicken, seen 'em run'n round hollr'n some'n about the sky and falling --- time to fry that boy!

 

[teknobucks]

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Gritz wrote:

Reminds me of an old song:

I been workin'in a coal mine
Goin' down down down
Workin' in a coal mine
Whoop! about to slip down
Workin' in a coal mine
Goin' down down down
Workin' in a coal mine
Whoop! about to slip down

Lord I am so tired
How long can this go on?

I'm workin' in a coal mine
Goin' down down down

Glad the weekend's here; talking heads on Fox were calling a bottom (not sure that's good or not).

Looking forward to seeing some techno charts from you wizards of the market. Time to grill a Little chicken, seen 'em run'n round hollr'n some'n about the sky and falling --- time to fry that boy!

here u go:

http://tinyurl.com/8dar6

 

[teknobucks]

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"Worries about having entered a soft patch are overdone," said Tony Crescenzi, chief bond market strategist for Miller Tabak & Co. "Soft patches are actually quite common in economic expansions."

"Savvy investors should therefore be careful about extrapolating too much from recent events than is justified by underlying fundamentals," Crescenzi said in a note to clients.

"We do not see this as a major slowdown," said Ethan Harris, chief U.S. economist for Lehman Bros. "The fundamental drivers of growth - easy financial conditions, booming wealth effects from the housing market and corporate catch-up in hiring and equipment investment - remain in place."

Nobody on Wall Street thinks this is the first hint of a recession. Leading indicators have been weak, but not weak enough to signal recession. Yield spreads are still positive and inventories are still very tight.

If a recession does ensue, it'll take more a slump in consumer spending.

 

[teknobucks]

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WHY ARE WE RUNNING TWO MARKET TALK/WATCH THREADS???

this one i suppose is open ended...never has a close out date and just gets longer and LOOOOOONNNGGGEEERR......o

 

[coolhand]

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Okay, it's joke time...

A minister dies and is waiting in line at the Pearly Gates. Ahead of him is a guy who's dressed in sunglasses, a loud shirt, leather jacket, and jeans.

Saint Peter addresses this guy, "Who are you, so that I may know whether or not to admit you to the Kingdom of Heaven?"

The guy replies, "I'm Joe Cohen, stockbroker, of Noo Yawk City."

Saint Peter consults his list. He smiles and says to the stockbroker, "Take this silken robe and golden staff and enter the Kingdom of Heaven."

The stockbroker goes into Heaven with his robe and staff, and it's the minister's turn. He stands erect and booms out, "I am Joseph Snow, pastor of Saint Mary's for the last forty-three years."

Saint Peter consults his list. He says to the minister, "Take this cotton robe and wooden staff and enter the Kingdom of Heaven."

"Just a minute," says the minister. "That man was a stockbroker-- he gets a silken robe and golden staff but I, a minister, only get a cotton robe and wooden staff? How can this be?"

"Up here, we work by results," says Saint Peter. "While you preached, people slept; his clients, they prayed."

 

[Spaf]

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Is it prayer time yet Coolhand?...................................

 

[coolhand]

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Spaf wrote:

Is it prayer time yet Coolhand?...................................

I think so...hey,since this is a learning experience for so many of us,how bout I share some commonmarket lingo so those who are less experienced can more easily understand whatsome of the terms we use here on this website mean.

http://www.funehumor.com/fun_doc6/fun_0613.shtml

 

[grandma]

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Here is another diversion:

http://www.kissedbyanangel.com/bigband/

...love those bands!!!