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Or you can now use TapaTalk again!nnuut's Account Talk
- Thread starter nnuut
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nnuut
Moderator | TSP Legend
Pending Home Sales down -0.7 less than expected!!!
http://briefing.com/Investor/Public/Calendars/EconomicCalendar.htm
Market Update
10:05 am : The stock market trades in a choppy manner and then pares some losses as a better-than-expected housing report is released.
Just hitting the wires, October pending home sales fell 0.7% month-over-month, which was better than the expected decline of 3.0%. September was revised to a drop of 4.3%from a decline of 4.6%.
All of the ten sectors are posting a loss. The worst-performing sectors are financials (-2.9%) and industrials (-2.5%).
Despite earnings warnings from several semiconductors companies, including Texas Instruments (TXN 14.99, +0.17), the Semiconductor Index (+2.6%) is outperforming.DJ30 -137.047 NASDAQ -9.53 SP500 -10.60 NASDAQ Adv/Vol/Dec 894/237 mln/1391 NYSE Adv/Vol/Dec 972/160 mln/1832
http://finance.yahoo.com/marketupdate/overview?u
nnuut
Moderator | TSP Legend
COB today 50% "G", 25% "C", 25% "S"
Testing the water!
Hope it get's HOT Thursday!!! View attachment 5218
hessian
Member
Hi Nnuut,
I was hoping for more today, but still got out with maybe 1% for the month (from Friday's rally). :nuts:
I think Tom's right about everything now happening in hyper-speed.
I hope your plan works out, and same for everyone, rest of December. Best wishes all.
I went in Friday due to percieved over-bearishness (contrarian), then percieved over-euphoria yesterday, so I decided to bail, hoping that today might hold, but it ended being a day late.
[There may be a lesson for others here.]
So now I'm out until next year, January (oh my... wonder what Jan. will be like?)
IMO, what happened today? - Ben Bernanke opened his mouth.
nnuut
Moderator | TSP Legend
Hessian, it's a day to day thing, you never know just what is going to happen. At least you're making money and that is a chore in this market!! I think I just have a bad case of the "G" Bug, just tired of sitting there!! Hope the PPI is good!!
So, it was burntankle again, he just can't shutup can he!!
Congratulations on your gain!!
nnuut
Moderator | TSP Legend
If the B3 Bailout is signed today do you think the Market will Go UP or Down?:worried:
BOUNCE!!!!
Democrats send auto rescue bill to White House
Ford, General Motors stocks shoot higher over optimism about loans
By Robert Schroeder, MarketWatch
Last update: 8:44 p.m. EST Dec. 8, 2008
WASHINGTON (MarketWatch) -- Democratic leaders sent the White House a $15 billion bill to rescue the domestic auto industry on Monday, a proposal that requires long-term restructuring plans and other concessions from the Big Three in exchange for a federal lifeline.
The agreement could give the U.S. government an ownership stake in the auto industry, according to a report in the online edition of The Wall Street Journal. Under terms of the draft bill, the government would receive warrants for stock "in any company seeking aid equivalent to at least 20% of the loans it receives," the Journal reported.
In addition, the draft bill would create a "car czar" to be named by the White House charged with running a broad restructuring of the industry, and force General Motors Corp., Ford Motor Co. and Chrysler to submit far-reaching business viability plans to the White House's designee by March 31.
'It's important for us to pass legislation that will set criteria for restructuring and reorganization of [the auto] industry.'"It's important for us to pass legislation that will set criteria for restructuring and reorganization of [the auto] industry," said House Speaker Nancy Pelosi, D-Calif., on Monday afternoon. A congressional vote could come as early as Tuesday. [more]
— House Speaker Nancy Pelosi
Corepuncher
Well-known member
My guess is that any bounce that does materialize will be used for people to sell into. The longterm viability still stinks with these companies...and they are only delaying the inevitable.
nnuut
Moderator | TSP Legend
SPX 1.15% at 15:52 is that enough for today Krazy?keep thinking GREEN norm, we need it
nnuut
Moderator | TSP Legend
Yeah the Companies are trashed (Ford to a lesser extent) but that's not it, it's what the people think, right or wrong.
justbizness45
Member
INITIAL CLAIMS for unemployment UP 573,000 last week!!
A similar number was ignored last week, do you think we will get away with that again? If the Senate passes the Auto Makers BAILOUT today it could neutralize the BAD NUMBERS, Maybe?
With the majorty of hedge funds and heavy hitters done for the hollidays it's a flip of the coin as to what the market will do IMO. :suspicious: I think we will have a down day today, but then the market always seems to do the opposite of my opinion.:laugh:
Gumby
Active member
The market just seems to shrug off the bad news. It doesn't make sense to me.:suspicious:
nnuut
Moderator | TSP Legend
Same thing happened last week with the Jobs Report over 500,000!
COB today IFT 75% "C", 25% "S" ------ Yes I'm nnuuts, please don't follow me down this hole!!
kar_crazy
Active member
Welcome to the C&S hole Norm ,Same thing happened last week with the Jobs Report over 500,000!
COB today IFT 75% "C", 25% "S" ------ Yes I'm nnuuts, please don't follow me down this hole!!
, have deer in the smoker , please help yourself, its good to have company , but of course i am still way down on the bottem with the mud cat:laugh:. sure hope we enjoy the ride
nnuut
Moderator | TSP Legend
I can almost smell that meat smoking!!! Yummy
I'm in because I got board and the market is showing resilience, nothing seems to really bother it lately, hoping to get a pop out of the Auto Makers bail out and think that the Producer Price index will go down due to the falling price of energy? May be too early but Briton is already feeling it. Producer prices go down consumer prices go down = more money to spend. If so the Markets may breakout to the upside, if not we have to test some more LOWS, boy am I sick of that crap!! Best of luck, hang in there!!
Oh, did you get your friends 4.3 blazer fixed?:worried:
kar_crazy
Active member
well in between tile and paint we are getting close , he bought the gasket kit, then my nephews truck broke down , had to get him back on his feet. I hope to finish tile this weekend ,and hope to get back on it . (the blazer) Have room for some more deer in freezer, just no time to go
too many irons in the fire for now, but getting closer every day
kar_crazy
Active member
stop by i have the crown n ice in between 1/4 round and base boards in kitchen and bathrooms deer jerky in between:nuts:Darn Republicians!!!! But it's good to buy Low, right? I need a stiff DRINK!!
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