McDuck's Account Talk

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SP500 is 28 points below its 50DMA and 4 points below its 200DMA.

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If the S&P500 drops 30 pts before the noon deadline tomorrow, I will jump back in stocks for a few days.
 
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The C-fund is negative for 2009 YTD :notrust:. That is after it was down 37% for 2008 :blink:. I don't know what Birchtree has been smelling lately but it ain't been fresh bull mature :p.
 
The bull market leg is still intact - get ready for the next stampede. These little corrections are necessary to scare off the weak hands and form a base for the coil. All this recent doubt is healthy - close your eyes and buy.
 
The bull market leg is still intact - get ready for the next stampede. These little corrections are necessary to scare off the weak hands and form a base for the coil. All this recent doubt is healthy - close your eyes and buy.

The F-fund is very close to being the best performing fund for 2009 YTD. :nuts:
 
S&P 500 hits 10-week low amid talk of new stimulus
Buenos Aires Herald - ‎32 minutes ago‎

Selling Sweeps Wall Street as Crude Slides
FOXBusiness - ‎39 minutes ago‎

Dollar and Yen Gain on Safe Haven Demand
FXstreet.com The Foreign Exchange Market - ‎40 minutes ago‎

Fear Takes a Toll as Stocks Tumble
Wall Street Journal - ‎1 hour ago‎

How amazing !!

Was asked yesterday what was going to happen today (on my Thread)

My GUT said 'Some BS news will surface ...'

I'm not picking on your Posts here my friend , it's just perfect timing
 
Is Alcoa a bellwether for the US economy?
Seeking Alpha - ‎15 minutes ago‎

"We won't go through the earnings results as everyone is aware that they came in better-than-expected, driven by cost reduction and strong demand in China. Another pleasant surprise was the Company's revenue figure, which was nearly $300MM higher than what the analysts were looking for.

With that said, from a macro standpoint, nearly everything else mentioned on the call was negative. It appears that the Company's well-being is in China's hands. We do not view the better results as a signal for an economic turnaround in the U.S. anytime soon."
 
US Stocks Fall, S&P 500 Completes Fourth Straight Weekly Loss
Bloomberg

The S&P 500 has dropped more than 7.1 percent since June 12 on concern its rebound of as much as 40 percent since March outpaced prospects for a recovery from the longest slump in profits on record. The index is trading for about 14 times its companies’ earnings over the past 12 months, compared with about 10 times on March 9, the day the gauge slid to a 12-year low.

The worst recession in half a century may be prolonged because consumers see few signs that job losses and declines in home prices are ending

...
the recession will likely continue for six months as companies struggle to pay their creditors
 
Another sign of invading recession: sales tax revenues fall
Houston Chronicle - ‎07/11/09
"The state's most recent monthly sales tax revenues dropped 11.2 percent from a year ago, the latest sign that the recession is infecting Texas."

Weekend markets: Stocks fall for fourth week as recession persists
National Business Review - 07/11/09

Md. dock crews, ships left idle by recession
Baltimore Sun - 07/11/09

India will clock high growth despite recession: PM
AFP - 07/11/09

Economist says recession will last 6 months longer
Examiner.com - 07/10/09
"Roubini had earlier predicted an L-shaped recession, a steep decline followed by a weak recovery. The latest stock market rally changed his view: he now feels the recession could be a W-shaped recession with some weak "dead cat bounces" in the market before a true recovery comes through in 2011."

An attitude adjustment is necessary to cope with the real estate
Boston Globe - 07/11/09
"The real estate recession will continue unless a massive brain freeze thaws. Buyers are afraid of purchasing a home at the wrong price, while millions of sellers are locked into unrealistic listing prices."
 
Mental illness tidal wave swamps New Orleans

"New Orleans already is struggling with fewer than half of the inpatient beds for the mentally ill that it had before the 2005 hurricane - even as suicide rates and the number of people with mental health problems have doubled.

That shortage is about to become even more acute with the scheduled closing Sept. 1 of the New Orleans Adolescent Hospital (NOAH), the city's only public hospital still providing inpatient services for the mentally ill.

The closure, designed to trim $14 million from the state's 2010 budget, will leave New Orleans with 133 beds for mental health inpatient care and will make the city jail - with 60 of those beds - the city's largest psychiatric ward."

....

"The Health Sciences Center at Louisiana State University produced similar findings in a 2007 report, which found that nearly 20 percent of the New Orleans population was suffering from serious mental illness."
 
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