nnuut's Account Talk

Re: Nnuut's Account Talk

Looks like were on, but will it freak the Market thinking wee won't get the Interest Rate drop they are expecting from the FED?:mad:

U.S. Q2 GDP up 3.4%
Fastest pace since Q1 '06, consumer spending slows

By Greg Robb, MarketWatch
Last Update: 8:30 AM ET Jul 27, 2007

WASHINGTON (MarketWatch) - After hitting a pothole in the first quarter, the U.S. economy rebounded in the second quarter, growing at an annual rate of 3.4%, the fastest pace since the first quarter of 2006, the Commerce Department said Friday.
The increase in the nation's real gross domestic product was slightly below market expectations of a gain of 3.6%, according to the survey of economists conducted by MarketWatch. See Economic Calendar.
The GDP had risen just 0.6% in the first quarter.
Economists said the weakness in the first quarter and the subsequent strength in the second quarter are both overstated and the best way to understand the economy was to average the growth rate over the past six months. This produces a 2.0% average growth rate in the first half of the year.
Some economists have concerns that the second half of the year will be slow as consumers are tired and under pressure from the weak housing sector. But other economists believe these fears are overblown.
The improvement in the second quarter was concentrated in a stronger trade performance, faster government spending and a rebuilding of inventories after significant reductions in the past two quarters. These offset a sharp slowdown in consumer spending.
Consumer spending increased 1.3% in the second quarter after a 3.7% gain in the first.
The inflation picture was mixed. The core consumer price index (excluding food and energy) retreated to a 1.4% annual rate in the second quarter from 2.4% in the first, pushing the year-over-year gain down to 2.0%, the top of the Fed's perceived "comfort zone" on inflation.
But headline inflation accelerated to a 4.3% annual rate, the fastest pace since the fourth quarter of 1990.
Real disposable income fell 0.8% annualized in the second quarter, after rising 5.9% in the first quarter. The savings rate was 0.6% in the second quarter, down from 1.1% in the first.
Details
Imports, which are a subtraction from the calculation of GDP, fell 2.6% in the second quarter, while exports rose 6.4%. The trade deficit added 1.2 percentage points to growth.
Government spending increased 4.2% after falling 0.5% in the first quarter. Federal spending rose 6.7%. Defense spending rose 9.5% in the second quarter and nondefense spending rose 1.3%. State and local government spending rose 2.9%. Government spending contributed 0.8 percentage points to growth.
Businesses added $3.6 billion to their inventories after adding only $100 million in the first quarter. The change in inventories added 0.15 percentage points to growth.
Final sales to domestic purchasers, GDP less the change in private inventories, increased 3.2% in the second quarter, compared with a 1.3% increase in the first quarter.
Residential investment fell 9.3% in the second quarter, the smallest decline since the first quarter of 2006. Investment in residences subtracted 0.49 percentage points from second quarter growth, compared with 0.93 percentage points from first quarter growth.
Business investment increased 2.2% in the second quarter after falling 4.4% in the first. It was the first increase in the past five quarters. Business investment contributed 0.83 percentage points to growth.
Investments in equipment and software increased 2.3% after a 0.3% gain in the first quarter. It was the fastest growth in equipment and software investment since the third quarter of last year. Investments in structures jumped 22.1%, the fastest pace since the second quarter of 1994.
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Greg Robb is a senior reporter for MarketWatch in Washington.(More)
http://www.marketwatch.com/news/sto...d={12F1D9EB-D4C6-427B-8300-CEA0AD066C38}&dist=
 
Re: Nnuut's Account Talk

nnuut- Can you help me get a 'members' account? I sent EWguy a note yesterday as well. Thanks!

I think the ball is being filled with hot air as we speak. Will keep out of the deep end today and jump in head first Monday for the bounce.

Geaux
 
Re: Nnuut's Account Talk

Still 100% "S" waiting for a bounce off of the 200 day moving average, I hope. Don't follow me, I'm nnuuts Ya knooooow!:laugh:
 
Re: Nnuut's Account Talk

There are a few talking heads on Bloom this morning saying this could continue to run out for the next 10 days. I'm in full on the G today but have made IFT effective COB 7/27

70-G
10-S
10-C
10-I

Geaux
 
Re: Nnuut's Account Talk

Best of luck GO, wish I could have gotten out on the first leg of this BEAST!! Have to deal with it now, would like to see a little bounce today, SQUEEZE those shorts!:D
 
Re: Nnuut's Account Talk

Big OUCH!! But 25% "C", 25% "S", 50% "I" COB today.
If we drop below the 200 day MA I'm out until I see the Bottom, where ever that is?:D
 
Re: Nnuut's Account Talk

I like this second bounce at 13:45~~~!:D Tomorrow is the key, let's hope for some good news to carry us up, up and away!!!!!:laugh:
 
Re: Nnuut's Account Talk

Well now, do we all feel better today?:D

Just remember if we go down again tomorrow, keep these things in mind::rolleyes:
"Whatever burdens you're carrying now, let them down for a moment if you can.
Relax; pick them up later after you've rested. Life is short. Enjoy!"Some ways of dealing with the burdens of life:
1* Accept that some days you're the pigeon, and some days you're the statue.

2* Always keep your words soft and sweet, just in case you have to eat them.
3* Always read stuff that will make you look good if you die in the middle of it.

4* Drive carefully. It's not only cars that can be recalled by their Maker.

5* If you can't be kind, at least have the decency to be vague.

6* If you lend someone $20 and never see that person again, it was probably worth it.

7* It may be that your sole purpose in life is simply to serve as a warning to others.

8* Never put both feet in your mouth at the same time, because then you won't have a leg to stand on.
9* Since it's the early worm that gets eaten by the bird, sleep late.

10* When everything's coming your way, you're in the wrong lane.

11* Birthdays are good for you. The more you have, the longer you live.

12* You may be only one person in the world, but you may also be the world to one person.

13* We could learn a lot from crayons. Some are sharp, some are pretty and some are dull. Some have weird namesand all are different colors, but they all have to live in the same box.


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Re: Nnuut's Account Talk

I think UP for a week or two, then watch out, gotta make that big W, or a V from today! Oh I forgot about the possibility of further down to 10%, but I don't think so?:D Hey UNBIND those BUYOUTS!! Great stuff!
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Now Yer cookin!:rolleyes:
 
Re: Nnuut's Account Talk

25% "C", 75% "S" COB today. Still in the Market, switched from the "I" (which should fare well tonight) to heavy on the "S", they think the $ will jump higher on this bounce. Don't like OIL licking $78 dollars a barrel, but what the hey NBNBC!:D
 
Re: Nnuut's Account Talk

C and S seem to be bouncing off of the 200 DMA for now, but I see short term higher highs and lows. Thinkinggggggggggggggggg:confused:
 
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