nnuut's Account Talk

[nnuut]

All good points to remain conservitive right now..But what's your stand if Big Ben holds the line on the interest Rates next week?

BTW..I missed today's COB to go in, so I'm still in G for Monday at least...Maybe now after you mentioned Big Ben..I will sit pat until we see what happens there..:worried:

Ben's inaction could imply that the recession is NOT over as believed by many and have a cooling affect as well. just MHO

 

[Buster]

Ben's inaction could imply that the recession is NOT over as believed by many and have a cooling affect as well. just MHO

Well then, either way he goes, it sounds like we can expect gloom and doom...Where's the Kool-aid?

 

[coolhand]

There is a possibility that our friend Ben Burntankle will raise the interest rate next week, if he does all HELL will break loose. Nov 04 14:15 FOMC Rate DecisionView attachment 7114

Now that would be a shocker. I can't think of anyone who expects that to happen.

 

[nnuut]

On the other hand!!!

Greenback Gains as Bernanke Talks Raising Rates
We start with the Euro-Dollar pair which fell in today's trading following its rally yesterday. The catalyst for the decline at the beginning of the global session was a speech by Fed Chairman Bernanke yesterday evening where he said the central bank will be prepared to tighten monetary policy when the outlook for the economy has improved sufficiently. The pair had a second leg down in NY trading where it set a low for the session near 1.4670.
The sense that the US could raise rates earlier than expected helped the Dollar surge against the Yen, with the Dollar-Yen climbing the most in 2 months. The 150 pip rally stalled near 89.90, which was close to the high set this week on Monday. The move broke out of a descending triangle pattern, and could be now be ready to test the power line from 90.25 that has switched roles from support to resistance last month. [more]
http://www.actionforex.com/fundamen...s-bernanke-talks-raising-rates-2009101098055/

 

[nnuut]

Ben's inaction could imply that the recession is NOT over as believed by many and have a cooling affect as well. just MHO

What did I say? That's COOLING is it not?

Stocks cut gains after Fed

Wall Street gives up a bigger rally after the central bank holds rates steady and hints it will keep fed funds rate low for foreseeable future.

By Alexandra Twin, CNNMoney.com senior writer
Last Updated: November 4, 2009: 2:32 PM ET

Last quarter, the economy grew by the largest amount since the summer of 2007, but there are signs that things are still getting worse.

NEW YORK (CNNMoney.com) -- Stocks trimmed gains Wednesday afternoon after the Federal Reserve kept interest rates unchanged and said it will keep them low for an extended period. [more]
http://money.cnn.com/2009/11/04/markets/markets_newyork/index.htm?postversion=2009110414

 

[350zCommTech]

What did I say? That's COOLING is it not?

Stocks cut gains after Fed

Wall Street gives up a bigger rally after the central bank holds rates steady and hints it will keep fed funds rate low for foreseeable future.

By Alexandra Twin, CNNMoney.com senior writer
Last Updated: November 4, 2009: 2:32 PM ET

Last quarter, the economy grew by the largest amount since the summer of 2007, but there are signs that things are still getting worse.

NEW YORK (CNNMoney.com) -- Stocks trimmed gains Wednesday afternoon after the Federal Reserve kept interest rates unchanged and said it will keep them low for an extended period. [more]
http://money.cnn.com/2009/11/04/markets/markets_newyork/index.htm?postversion=2009110414

Warren Buffet selling GS, GE and WFC to buy BNI?

 

[nnuut]

Warren Buffet selling GS, GE and WFC to buy BNI?

Boy did that move BOUNCE TRAN, almost 5% yesterday, it lost 1.5% today. Trains are cool!!

 

[Rod]

At mid-day when the DOW, NAZ, and S&P were green, and the Transports were red, I thought... Oh oh, it's not going to hold.

 

[nnuut]

At mid-day when the DOW, NAZ, and S&P were green, and the Transports were red, I thought... Oh oh, it's not going to hold.

Just a bump down the Wall of Worry!

 

[350zCommTech]

At mid-day when the DOW, NAZ, and S&P were green, and the Transports were red, I thought... Oh oh, it's not going to hold.

The dollar had been falling all day. After the Fed, it became oversold. So, I had a feeling the markets were gonna come back a little. But the S&P dropping 14 handles on just a little bounce in the dollar was interesting.

 

[nnuut]

WOOOPS!!:worried:

Nov. 6, 2009, 8:41 a.m. EST
Unemployment rate hits 10.2% in October

Payrolls fall by 190,000, 22nd straight decline

By Rex Nutting, MarketWatch
WASHINGTON (MarketWatch) - The U.S. unemployment rate climbed to 10.2% in October, topping the 10% mark for the first time in 26 years, the Labor Department reported Friday.
Nonfarm payrolls dropped by a seasonally adjusted 190,000 in October, bringing to total number of jobs lost in the recession to 7.3 million. It was the 22nd straight decline in payrolls. Large losses were seen in manufacturing, construction and retail. Health care and temporary-help agencies added jobs. [more]
http://www.marketwatch.com/story/unemployment-rate-hits-102-in-october-2009-11-06-83100

 

[nnuut]

An announcement on TV just said that Obama will speak shortly on the SURPRISE:laugh: rise in the Unemployment rate (10.2% in October) and Payrolls falling by 190,000. He will probably want to inject more STIMULUS into the economy, which will only delay the inevitable, he should CUT TAXES, assist and promote SMALL BUSINESS, DROP the Health Care PUBLIC OPTION (more taxes) and regulate the the Health Care system we have. ON AND ON AND ON AND ON!!

 

[Birchtree]

Any kind of grid lock will be helpful.

 

[nnuut]

Any kind of grid lock will be helpful.

There will be "Gridlock" if things start going the way I think they will, there Ya go!!

 

[kar_crazy]

i am pulling for you brother :blink:, but shoot i was thinking of bailing, but i hate to set out the rest of month i will try to remember to have a cool one for ya tonight G L

 

[nnuut]

You have 2 for me KC and I'll have 2 for you and 6 for me that way I can't feel the pain of the IFT I did today.
25% "G", "F", "C", and "I"!!
Have a good holiday!!

 

[nnuut]

IFT close of business today 25% "G", 75% "F".
The DEVIL make me do it!! View attachment 7216

 

[FAB1]

You aint takin any chances are ya, nnnut?

 

[nnuut]

You aint takin any chances are ya, nnnut?

Yeah, I lose a lot of DOUGH like that!!:suspicious: I submitted my request for RETIREMENT TODAY!!

 

[grandma]

... I submitted my request for RETIREMENT TODAY!!

How EXCITING! I hope your family is ready for it !!!!!! :laugh:
...& my Congratulations!
- is asking how many years considered personal info? :embarrest:
Ignore the question if it is...
Carry on..........