Poolman's Account Talk

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Quote:
Originally Posted by JTH
I believe the Thanksgiving bounce will be more like a "thud"

The only good news we have is gas prices, which will translate into more Holiday travel.

The bad news? Folks are losing their jobs, and even more folks are worried about losing their jobs. This group of people are not going to be spending much money so long as their worried.


I'll Bet the Feds cut Interest Rates Next Week, and the week after the Auto Companies get their Bridge Loan. This is only my short term prediction.

Anything after that, I'm hoping to be out because there will be allot of more Bad economic reports coming out.

I'm looking for a Big Move Up short term to Bail.

http://uk.youtube.com/watch?v=7QCyhi-6EFc
 
The Best scenario now would Be 2 things to happen.

Up Day today

Up Day Monday

= Confirmation for a Nice Rally.. :)


Still very early but Step 1 is looking Good. :D

The other scenario would Be,

Down Today, I'm buying in almost $2.00/share lower on the S - Fund, with a Monster Relief Rally Coming. Some kind of Good news Will Come and the Market's will get away. We've come down to fast in the last week. Consolidation needs to happen soon.
 
We are building a nice cushion in the indexes. I have no problem buying at higher prices so long as we can build on this come Monday.

Confirmation right now would be great. I think we Rally all next week give or take 1 day.:)


All it takes is any good new's after this kind of a slide.
 
Last edited:
The Market has responded very well to some good new's. Thank God Paulson will be out.

This is what I did not want to miss. Massive Rally.

Give me one more and I'm out. :D
 
2EASY said:
smart move to stay in poolman. i should have jumped in. hopefully you will get 1 more day
Click to expand...


Thanks 2EASY,

I'm thinking a couple positive day's next week. Next week would be a perfect time for the Fed's to drop interest rates. What better Timing.

Now we have to see if we have Confirmation. Another problem is Confirmation in either direction now is about 400 points. Not an easy market to Navigate with 2 IFT'S.:blink:
 
ATCJeff said:
I just want next week to end positive. I don't care by how much, though 5% would be nice!
Click to expand...


I agree. I think it will be a good week. I'll be out no later than the end of the week though. Black Friday. I would love a nice 5% gain. :D
 
Ref the "man of truth" video/guy and the Beck/Schiff video, both posted above:

Are any readers here giving serious thought to the civil disorder/martial law possibilities? Any gentle conversation I have with 50-60 yo's gets that topic laughed away quickly. I have to believe the 30-40 yo's would laugh even louder.
 
Warrenlm said:
Ref the "man of truth" video/guy and the Beck/Schiff video, both posted above:

Are any readers here giving serious thought to the civil disorder/martial law possibilities? Any gentle conversation I have with 50-60 yo's gets that topic laughed away quickly. I have to believe the 30-40 yo's would laugh even louder.
Click to expand...


It's not out of the question in my mind. Our excesses are at all time Highs, and thing's as you know have been changing fast. I'm hoping we can hold the Fort at least through this coming week, but honestly after that I'm looking to bail. :sick:
 
Poolman,

Is TSP tradable on Friday. I know it won't be on Thursday. Could be a very rough week to get your trade in, eh...

Personally, I don't see much hope in the 5% gain. The current one will probably be washed out by Monday. Very hard to get any pattern in this mess...
 
Also, who cares if the FED cuts the interest rate.

Folks, its one (1) percent.

1%

Some lenders are covering old bets, others are retrenching themselves, and the elephant in the living room is this:

Are Americans willing to borrow and live on the edge any time soon. Me thinks many of us gringos learned an important lesson last year when the FED quickly bumped the rates. My guess is that many folks are just using the interest rate reductions and government checks and bailout money to pay down debt.

That ain't going to have an affect on the economy or the stock market next week.

Maybe in a few months to a year. But, not on Tuesday...
 
Boghie said:
Also, who cares if the FED cuts the interest rate.

Folks, its one (1) percent.

1%

Some lenders are covering old bets, others are retrenching themselves, and the elephant in the living room is this:

Are Americans willing to borrow and live on the edge any time soon. Me thinks many of us gringos learned an important lesson last year when the FED quickly bumped the rates. My guess is that many folks are just using the interest rate reductions and government checks and bailout money to pay down debt.

That ain't going to have an affect on the economy or the stock market next week.

Maybe in a few months to a year. But, not on Tuesday...
Click to expand...

You will be able to IFT on Friday. A surprise interest rate cut will have an effect on the market. Bad long term but you have to remember, I'm looking for the Trade. I'm not saying we will not go lower but we are bumping along the bottom right now before a new leg down.:)
 
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