McDuck's Account Talk

[Buster]

Three cheers for the great service in articles you are providing there young man.

Good job McD...

 

[McDuck]

GDP SOARS?

 

[Warrenlm]

One would think that someone on this board works in the Commerce Dept and has good knowledge of the way data is massaged and could share it. The political "leadership" ranks has had a year to get smart and figure out how to make the numbers work.

 

[McDuck]

 

[Birchtree]

That AA is finally looking good again - I'll have to add to my pain level on that one.

 

[Silverbird]

I don't work in that part of Commerce. But I don't need to do an analysis, looks like someone else did it already. http://www.msnbc.msn.com/id/35149367/ns/business-answer_desk/, and here's one from Financial times http://www.ft.com/cms/s/3/c657554e-0ce7-11df-a2dc-00144feabdc0.html

No matter what piece of data it is, Preliminary is just that. Preliminary. To me, only the final counts. Announcing the latest-is-greatest is good for the news cycle, but it's punky for accuracy, because no matter what, someone's going to have to file a correction, or files late. Unfortunately the final number gets ignored as old news (and pleeeassee don't tell me that it's only the liberal press that does this, Conservative and Liberal Administrations, and conservative press do the same thing, I know because they always ask me for the latest shipments and trade numbers - which are preliminary - and they ask for year end in the second week of January and wonder why I don't have it - no data comes in that fast.).

 

[McDuck]

That AA is finally looking good again - I'll have to add to my pain level on that one.

Birch,

I hope you have a good weekend.

BTW, I think that chart says that now is the time to sell AA.

 

[McDuck]

News articles highlighted on Peter Schiff's website 2/2/2010

China Seeks Resources as Car, Home Sales Jump - Bloomberg

WGC: Gold Fundamentals Remain Strong - Daily Telegraph

Budget Seeks $1.9T Tax Rise on Richest, Business - Bloomberg

2010 Budget Has $6.3T Missing Piece - Zero Hedge

Huge Deficits Alter US Politics and Global Power - NY Times

Tight Credit + High Taxes = Growth? - Barron's

Moody's Warns on Deluge of Debt - Wall Street Journal

FHA Defaults Signal New Crush of Foreclosures - Washington Post

Heists Targeting Truckers on the Rise - Wall Street Journal

Drop in Blood Donors Linked to Recession - Sarasota Herald-Tribune

 

[McDuck]

Stocks set to drop

 

[McDuck]

Yesterday COB, I (Mcduck) was ranked 322 out of 327 on the autotracker here.

One day later, I'm in 249th place.

 

[McDuck]

Who all remembers watching Johnny Cash's TV show on CBS?

 

[McDuck]

 

[McDuck]

One day later, I'm in 249th place.

One day later, I'm in 237th place.

 

[McDuck]

Here are two nearly identical charts that I generated using yahoo. They both are Alcoa vs. SP500 with 20 & 50 EMA for Alcoa. The only difference is the first one is for the last year and the second one is for the last 2 years.

The first one looks like AA went up 70% since May 09 while the second looks it went up only 10% during the same time. The difference is the percent is based on the initial price as the beginning of the chart. This is another example of how charts can be miss leading.

 

[McDuck]

Here is a chart from Friday of the indexes for our 3 stock funds. It is another example of why the Noon-ET deadline is unfair to us. At noon the C&S were down a lot but they were positive at closing.

 

[kar_crazy]

One day later, I'm in 237th place.

drop me an air tank you are way up there from where i am sitting, and i aint floating lol, bottom feeding

 

[Birchtree]

McDuck,

I recently bought 500 more shares of Alcoa at $13.76. With the V shaped recovery on the way it'll be ten points higher by December.

 

[McDuck]

Stock Investors See Threats From All Directions

ABC News

 

[McDuck]

One day later, I'm in 237th place.

I moved up 25 places today to 212th.

 

[McDuck]