Poolman's Account Talk

[turbo23dog]

On some of these Ira videos, the image keeps jumping from small to large. The sound portion is fine but I'm getting sea sick trying to watch. Is this happening to anyone else or is it just some video setting on my computer?

Can anyone help?

 

[KevinD]

No trouble with the videos here. Wish I could help.

 

[350zCommTech]

On some of these Ira videos, the image keeps jumping from small to large. The sound portion is fine but I'm getting sea sick trying to watch. Is this happening to anyone else or is it just some video setting on my computer?

Can anyone help?

No problems for me. Are you using the latest flash player?

 

[turbo23dog]

I updated flash player and that didn't help. I figured out a work around: it only does this jumping when trying to watch on Youtube; it works fine playing directly from the IECo website.

 

[poolman]

http://uk.youtube.com/watch?v=VbtFClWdxnk

 

[FUTURESTRADER]

stayin put today, P-Man??

 

[poolman]

stayin put today, P-Man??

Don't know yet. Give me 7 minutes.

 

[poolman]

I'm staying G

If we break spx 818 today, we could go into a tail spin next week to a possible spx 763.

If we don't break spx 818 today, I don't see a Big pop on Monday.

I don't want to hold a Bag of Crap over the weekend.

 

[FUTURESTRADER]

thanx P-man...I agree...let's enjoy the weekend

 

[JTH]

I don't want to hold a Bag of Crap over the weekend.

That about sums it up for me. I wanted to IFT into stocks this morning when I saw the job numbers come out, but I feel this market may give a delayed reaction to the news.

I'm hoping for a late Friday sell off, followed by panic selling on Monday. Hopefully my 33% F-Fund will reap the benefits.

 

[350zCommTech]

I'm staying G

If we break spx 818 today, we could go into a tail spin next week to a possible spx 763.

If we don't break spx 818 today, I don't see a Big pop on Monday.

I don't want to hold a Bag of Crap over the weekend.

I wonder how the Asian exporting countries are going to react to a half million jobs lost in the U.S. in one month?

 

[poolman]

That about sums it up for me. I wanted to IFT into stocks this morning when I saw the job numbers come out, but I feel this market may give a delayed reaction to the news.

I'm hoping for a late Friday sell off, followed by panic selling on Monday. Hopefully my 33% F-Fund will reap the benefits.

The Market is acting exceptionally ridiculous. As we know it always does the unexpected but this is just a joke trying to trade along with our IFT restrictions.

I've noticed that the last 3 month's it's been super hard. It's rare that I feel any control anymore.

I'm glad I didn't make a move from the G - Fund today. I would have been buying at higher prices. All is not lost we will get another opportunity but today is just a loss to me as far as what I thought it was going to do.

I know one thing. The Economy is really Sucking and the Stock Market is playing games with our minds.

 

[Show-me]

It is beyond me why the market would rally on such a horrible jobs number.

 

[Birchtree]

Perhaps the jobs number indicates the depth of the recession and is now going to get better. The market is perhaps looking out a goodly number of months into the future and sees the situation improving. With only two IFTs one has to play further out into the future.

 

[FUTURESTRADER]

The Market is acting exceptionally ridiculous. As we know it always does the unexpected but this is just a joke trying to trade along with our IFT restrictions.

I've noticed that the last 3 month's it's been super hard. It's rare that I feel any control anymore.

I'm glad I didn't make a move from the G - Fund today. I would have been buying at higher prices. All is not lost we will get another opportunity but today is just a loss to me as far as what I thought it was going to do.

I know one thing. The Economy is really Sucking and the Stock Market is playing games with our minds.

my guess for rally:

1 - "Whistling past the graveyard", i.e. Denial
2 - Detroit 3 Bail Out this weekend
3 - combo #'s 1 & 2

 

[350zCommTech]

It is beyond me why the market would rally on such a horrible jobs number.

Here is your answer:

Fed buys $5 billion in agency-backed debt

By Deborah Levine
Last update: 3:24 p.m. EST Dec. 5, 2008

NEW YORK (MarketWatch) -- The Federal Reserve Bank of New York bought $5 billion in debt sold by the big mortgage-finance agencies Friday, the first purchase of what may total $100 billion. Dealers submitted $12.9 billion in debt issued by Fannie Mae Fannie Mae <img class="pixelTracking" width="1" border="0" height="1">FRE 0.85, -0.03, -3.4%) and the Federal Home Loan Banks maturing in 2009 and 2010. The auctions are expected to be weekly and have the goal of making mortgage loans to individuals more affordable and available. Based on the expected lifetime of the program, the Fed may purchase $2.5 billion a week, Bank of America strategists estimated in a research note Thursday.
http://www.marketwatch.com/news/story/fed-buys-5-billion-agency-backed/story.aspx?guid={5CE880DB-A77C-46B4-9EFC-A5E1DBB7EE31}&dist=msr_7

While stores are closing, plants are shutting down, and millions getting laid off, Ben is printing money to buy up garbage from his friends. CFC sold a ton of garbage to Federal Home Loan Banks. Look it up if you don't believe me.

 

[amoeba]

It is beyond me why the market would rally on such a horrible jobs number.

Buy orders early in the day which are executed at the close (just like us - take a look at the IFT tracker) - buying on the bad news trying to pick "the bottom", hoping the next gov bailout will cause a bounce

It won't hold up; if there's a bounce, it will be sold into like a madhouse, the bigger the bounce - the more the selling.

BTW, the worst is yet to come. Just to set a few misconceptions to rest:

a) If you think these job numbers are bad, wait till january.
b) If you think $25B will solve 3 major automakers with 30+% sales decline, think again.
c) If you think that the gov can force interest rates down below 5% on the 30y fixed home loans by market manipulation; think again - any reduction in interest rate will be offset by a rise in house price. Won't do jack to foreclosures either.

 

[JTH]

It seems we are in agreement. This market was in denial today and has lost all sense of rational thought. Is it just me, or did the CNBC news shows this week seem to have a positive predisposition for the markets?

They are trying to sucker in the dumb money so they can sell before the floor falls out. And the government's manipulation of the markets is just sickening. They need to get out of the way, and let the chips fall where they may. They are only delaying the inevitable.

 

[poolman]

It seems we are in agreement. This market was in denial today and has lost all sense of rational thought. Is it just me, or did the CNBC news shows this week seem to have a positive predisposition for the markets?

They are trying to sucker in the dumb money so they can sell before the floor falls out. And the government's manipulation of the markets is just sickening. They need to get out of the way, and let the chips fall where they may. They are only delaying the inevitable.

I think that the news on CNBC for the most part this week was all geared toward keeping the stilts in place. The market totally ignored all the bad economic news this week.:blink:

I am still in the camp that thinks, Ignoring the Economic Data is going to come back and Haunt us.

Don't forget that not to long ago we dropped almost 2,000 points in 1 week. I got caught up in that and it was not fun.

My plan is not to do that again. We have allot of December left and I want a 5% gain.

 

[Corepuncher]

The smart thing to do is probably to go 100G and wait next year out and see what happens. But, most of us like to live dangerously and go in and out. I cannot resist the temptation.