nnuut's Account Talk

[Corepuncher]

Well I'm going to do something different today. I am of the opinion that the FED would only lower rates by .25%, but think they are under GREAT PRESSURE from above to make a good showing tomorrow. Sense it seems that every call I've made this year has been (mostly) wrong, I will do the opposite of what I think. That is to be in the Markets tomorrow, at 80% "C", 20% "S" COB today. Best of luck!

I guess I'm gonna go contrarian to you nnutt. Taking 50% out and sticking it in G! I like the idea of being 50/50 right now. I've worked for the Government long enough to know how inefficient and ineffective bureaucratic types can be! Even if we do rally off the FED..don't you think that will be an excellent time to take profits into the weekend?


UPDATE: actually did 25 G and 25 F, since F is down hard today, maybe it will rebound tomorrow.

 

[nnuut]

The weekend? Do you smell smoke that's my brain trying to make a decision! I really have to see what happens tomorrow, but one thing is the Jobs Report friday, have to watch that one for sure. HHHHUUUUUmmmm?
50/50 that's good, a little protection just in case. I really could NOT make up my mind up on this one and then Durable Orders came in GOOD, that short circuited my logic. I think politics should play a big part in the FED's decision, but Burntankle has a hard head.
Best of luck!

 

[nnuut]

FBI investigates sub-prime crisis

The FBI is concerned about mortgage fraud

FBI crime head

The FBI is investigating 14 companies embroiled in the sub-prime mortgage crisis as part of a crackdown on improper lending.
It did not identify the companies but said the investigation encompassed developers, sub-prime lenders and investment banks.
FBI officials said the agency was looking at instances of accounting fraud and insider trading.
The cases could lead to potential civil or criminal charges, the FBI said.
The FBI said it viewed mortgage fraud as an increasing threat to the national economy.
It said that there had been 1,200 cases of mortgage fraud for the 2007 financial year compared with just 400 in 2006. The crisis in the sub-prime lending market has hit financial markets worldwide. Joint investigation [more]
http://news.bbc.co.uk/2/hi/business/7216602.stm

 

[nnuut]

I thought this one would be lower than expected!
Come on Ben do your thing!:laugh:

Economy much weaker than expected

Gross domestic product slowed to a 0.6% growth rate in the fourth quarter, raising both recession fears and hope for another deep Fed cut.


See all CNNMoney.com RSS FEEDS (close)

By Chris Isidore, CNNMoney.com senior writer
January 30 2008: 8:51 AM EST

Economic growth was much weaker than expected.

NEW YORK (CNNMoney.com) -- The economy grew at a much slower pace in the last three months of the year, according to a government report Wednesday that came in well below Wall Street expectations.
The report raised fears of a recession and hopes for another significant interest rate cut by the Federal Reserve.[more]
http://money.cnn.com/2008/01/30/news/economy/gdp/index.htm

 

[nnuut]

Alright already, come on Ben get those numbers out. The suspense is KILLING ME! I Hate waiting, I think I'll do some work to pass the time!! HA!

 

[Corepuncher]

Even a 50 pt cut has gotta be a sell the news given the likelihood of a recession. If the FED re-states that they are NOT forecasting recession, I believe the market will lose even more faith in them and will tank. Some of the more experienced traders were asked this morning about testing lows and they thought we would retest the lows.

 

[Guest2]

"they know nothing"
(LoL) Just a little nervous humor

 

[nnuut]

Nice house and it's a republican, leaning to the conservative (right) side! I'm no slacker, still haven't got back to that work stuff!:laugh:

 

[kar_crazy]

You are a disgrace to the rest of us slackers out there!
(How do you like my new house? Got a real good deal, plus a subprime loan. )

sweet even has air i see lol:laugh::blink:

 

[nnuut]

Hey, what is that strange object behind the left side of your house? Looks like a UFO landed behind the house and the radiation is pulling it down to the ground? FREAKY!!!!

 

[nnuut]

Cooling tower? Must be a really big creek running through the desert over there? That looks like commercial property, might be worth lots of bucks?:laugh:

 

[nnuut]

BAM!!!! UP SHE GOES!! .50%

 

[darwat]

Glad I stayed in!!

 

[Birchtree]

Shock and Awe - .50 on the discount also. They left open the door for further cuts if necessary.

 

[kar_crazy]

BAM!!!! UP SHE GOES!! .50%

my jaws still stuck to my desk but so far im lovin it

 

[Silverbird]

Heheh and I just checked in at the GF club yesterday. Shows how much I know. :toung: Gee, if I'm limited to 3 trades a month I'm stuck unless I want a letter...wait a minute, it's almost February.

 

[kar_crazy]

Heheh and I just checked in at the GF club yesterday. Shows how much I know. :toung:

never hurts to be safe -the sky could fall at any time hold on

 

[nnuut]

I plan to get my 2 trades and an exit to the G if necessary. Just be in at the first of the Month. Don't forget that is the day it is effective not the day of the transfer (IFT).

 

[nnuut]

MAB!!!! DOWN SHE GOES!! :suspicious:
I knew to watch out for that GDP!
Where is my gun?

 

[kar_crazy]

crap i see that darn anchor floating ahead but it aint floating its a little lower hold your breath , who you pulling for this weekend i am throwing deer sausage in velveta cheese and xtre hot rotel and ice down the beer lovin bambi