Show-me
Well-known member
The wave smashed me into the rocks and sand. I'm bleeding pretty bad but paddling back out to accumulate more battle wounds. Wednesday is contribution day, bring it!
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Show-me Account Talk
- Thread starter Show-me
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The wave smashed me into the rocks and sand. I'm bleeding pretty bad but paddling back out to accumulate more battle wounds. Wednesday is contribution day, bring it!
RunningFool
Member
You fellows are the reason for this never ending drop. You must capitulate. You must walk away from your stock watching a go do something else. By constantly watching the markets and posing to jump back in you only perpetuate the downward trend. Repeat after me. I capitulate, I capitulate, I capitulate...... Now isn't that better. Just close your eyes and repeat I capitulate. It will soon be over. :nuts::nuts:
Show-me
Well-known member
The Week Ahead
The Week Ahead
Last Update: 21-Nov-08 09:08 ET
The coming week is light on scheduled events, with the stock and bond markets closed Thursday in observance of Thanksgiving. Friday is a half day and will likely be very slow as many market participants take an extended weekend.
The Earnings Calendar shows 50 companies confirmed to report their quarterly results, of which only six are S&P 500 components. The largest name, Hewlett-Packard (HPQ), already announced better-than-expected preliminary results. Deere (DE) and Tiffany & Co (TIF) will receive added attention.
There are nine economic reports, with most of them crammed into Wednesday due to the shortened week. Housing will be in focus with the release of existing home sales (Monday) and new home sales (Wednesday). Investors will also look at the personal income and spending report (Wednesday) to see if October spending was as weak as indicated by retailer's same-store sales reports. Take a look at the Economic Calendar for more information.
Retailers will be in focus Friday, which marks the start of the holiday shopping season, known as Black Friday.
The bond market closes early at 2:00 PM ET Wednesday in recognition of Thanksgiving. The stock market will be open normal hours. Both are closed Thursday and reopen for shortened hours Friday (stock market closes at 1:00 PM ET, bond market closes at 2:00 PM ET).
________________________________________________________________
Monday, November 24:
U.S. Stock and Bond markets closed in recognition of Thanksgiving
Friday, November 28:
The Week Ahead
Last Update: 21-Nov-08 09:08 ET
The coming week is light on scheduled events, with the stock and bond markets closed Thursday in observance of Thanksgiving. Friday is a half day and will likely be very slow as many market participants take an extended weekend.
The Earnings Calendar shows 50 companies confirmed to report their quarterly results, of which only six are S&P 500 components. The largest name, Hewlett-Packard (HPQ), already announced better-than-expected preliminary results. Deere (DE) and Tiffany & Co (TIF) will receive added attention.
There are nine economic reports, with most of them crammed into Wednesday due to the shortened week. Housing will be in focus with the release of existing home sales (Monday) and new home sales (Wednesday). Investors will also look at the personal income and spending report (Wednesday) to see if October spending was as weak as indicated by retailer's same-store sales reports. Take a look at the Economic Calendar for more information.
Retailers will be in focus Friday, which marks the start of the holiday shopping season, known as Black Friday.
The bond market closes early at 2:00 PM ET Wednesday in recognition of Thanksgiving. The stock market will be open normal hours. Both are closed Thursday and reopen for shortened hours Friday (stock market closes at 1:00 PM ET, bond market closes at 2:00 PM ET).
________________________________________________________________
Monday, November 24:
- Earnings: Analog Devices (ADI), Campbell Soup (CPB), Hewlett-Packard (HPQ)
- Economic Data: Existing Home Sales (Oct.)
- Events: None
- Conferences: None
- Fed Speakers: None
- Earnings: American Eagle (AEO), Dollar Tree (DLTR), DR Horton (DHI), Hormel Foods (HRL), J. Crew Group (JCG), TiVo (TIVO)
- Economic Data: Preliminary GDP (Q3)... Consumer Confidence (Nov.)
- Events:None
- Conferences: None
- Fed Speakers: None
- Earnings: Deere (DE), Tiffany & Co (TIF)
- Economic Data: Durable Orders(Oct.)... Personal Income and Spending (Oct.)... Chicago PMI (Nov.)... Revised University of Michigan Consumer Sentiment (November)... New Home Sales (Oct.)... Weekly Initial Jobless Claims (week ended Nov. 22)
- Events: Bond market closes early at 2:00 PM ET for Thanksgiving holiday... Weekly Crude Inventories (week ended Nov. 22)
- Conferences: None
- Fed Speakers: None
U.S. Stock and Bond markets closed in recognition of Thanksgiving
Friday, November 28:
- Earnings: None
- Economic Data: None
- Events: Stock market closes early at 1:00 PM ET... Bond market closes early at 2:00 PM ET
- Conferences: None
- Fed Speakers: None
Show-me
Well-known member
More Banks go down.
Regulators shut down three banks
By John Letzing, MarketWatch
Last update: 10:29 a.m. EST Nov. 22, 2008
SAN FRANCISCO (MarketWatch) -- In the biggest number of bank seizures yet on a single day, the Federal Deposit Insurance Corp. and state regulators have shut down two banks in Southern California and one in Georgia.
The FDIC said late Friday that U.S. Bank (USB: us bancorp del com new
News, chart, profile, more
Last: 22.53+0.41+1.85%
<IMG class=pixelTracking height=1 width=1 border=0>USB22.53, +0.41, +1.9%) , based in Minneapolis, has acquired the banking operations, including all the deposits, of Downey Savings and Loan Association, F.A., Newport Beach, Calif., and PFF Bank & Trust, Pomona, Calif.
The combined 213 branches of the two organizations will reopen as branches of U.S. Bank.
As of Sept. 30, Downey Savings had total assets of $12.8 billion and total deposits of $9.7 billion. PFF Bank had total assets of $3.7 billion and total deposits of $2.4 billion, according to the FDIC.
In addition to assuming all the deposits from the two California banks, U.S. Bank will purchase virtually all their assets. The FDIC will retain any remaining assets for later disposition.
The FDIC and U.S. Bank entered into a loss share transaction. U.S. Bank will assume the first $1.6 billion of losses on the asset pools covered under the loss share agreement, equal to the net asset position at close. The FDIC will then share in any further losses. Under the agreement, U.S. Bank will implement a loan modification program similar to the one the FDIC announced in August stemming from the failure of IndyMac Bank, F.S.B. of Pasadena, Calif.
Regulators shut down three banks
By John Letzing, MarketWatch
Last update: 10:29 a.m. EST Nov. 22, 2008
SAN FRANCISCO (MarketWatch) -- In the biggest number of bank seizures yet on a single day, the Federal Deposit Insurance Corp. and state regulators have shut down two banks in Southern California and one in Georgia.
The FDIC said late Friday that U.S. Bank (USB: us bancorp del com new
News, chart, profile, more
Last: 22.53+0.41+1.85%
<IMG class=pixelTracking height=1 width=1 border=0>USB22.53, +0.41, +1.9%) , based in Minneapolis, has acquired the banking operations, including all the deposits, of Downey Savings and Loan Association, F.A., Newport Beach, Calif., and PFF Bank & Trust, Pomona, Calif.
The combined 213 branches of the two organizations will reopen as branches of U.S. Bank.
As of Sept. 30, Downey Savings had total assets of $12.8 billion and total deposits of $9.7 billion. PFF Bank had total assets of $3.7 billion and total deposits of $2.4 billion, according to the FDIC.
In addition to assuming all the deposits from the two California banks, U.S. Bank will purchase virtually all their assets. The FDIC will retain any remaining assets for later disposition.
The FDIC and U.S. Bank entered into a loss share transaction. U.S. Bank will assume the first $1.6 billion of losses on the asset pools covered under the loss share agreement, equal to the net asset position at close. The FDIC will then share in any further losses. Under the agreement, U.S. Bank will implement a loan modification program similar to the one the FDIC announced in August stemming from the failure of IndyMac Bank, F.S.B. of Pasadena, Calif.
Show-me
Well-known member
First sold my Trad:UYG @$5.50, what a loss and I see more coming so I am peeling out and reallocating those funds. Lesson, set a stop and stick with it. The Citi bail out is just one of more to come. Many, many, many, more banks will go down in time and the one's that survive will not have the profit margins of the past 10 years.
I really regrete my loss on UYG and learned to place a stop no matter what. I did this twice in the same year, once with SLV and now with UYG.
Economic data in this morning and it is looking bad. Durable good down double what they thought, down 6.3%. Consumer spending down 1%. All data is huge and Christmas is around the corner.
Traders are looking at a devaluation of the dollar coming soon as this deleveraging occurs and when that hits bottom the dollar will head down.
The lady that is the second best trader according to Trader Monthly says she is going back to hard asset like commodities. This is the perfect second chance for commodities, she is staying completely away from paper assists. Grain, precious metal, industrial metal, energy, all things tangible and needed for a economic recovery. All items that will go up in price when the dollar tanks again.
I really regrete my loss on UYG and learned to place a stop no matter what. I did this twice in the same year, once with SLV and now with UYG.
Economic data in this morning and it is looking bad. Durable good down double what they thought, down 6.3%. Consumer spending down 1%. All data is huge and Christmas is around the corner.
Traders are looking at a devaluation of the dollar coming soon as this deleveraging occurs and when that hits bottom the dollar will head down.
The lady that is the second best trader according to Trader Monthly says she is going back to hard asset like commodities. This is the perfect second chance for commodities, she is staying completely away from paper assists. Grain, precious metal, industrial metal, energy, all things tangible and needed for a economic recovery. All items that will go up in price when the dollar tanks again.
Gumby
Active member
It always can be an emotional decision to sell at a loss. Stops help but can be triggered quickly in this market.
Better trading is ahead my friend.
Show-me
Well-known member
Yea, I got a lot of ground to make up and I don't think the short term is that great. Seasonality has not been that great but my STA show the first three weeks of December as being shaky.
What is the good new? "e the people" are borrowing more money from countries that probably don't like us any more than they did a year ago so that we can lend that money to financials and now consumers to get them to spend what they do not have so that we can, on the surface, make the economy look better than it is. Isn't that what got us here in the first place? <sigh>
My thinking is the trick down has not been realized yet. Is everyone going to go out and spend like there is no tomorrow?
I think our currency is going down. Right now we are flight to safety but given time we are printing money at a phenomenal rate and we have baby boomer's coming on line.
Traders are waiting for commercial real estate to come to roost.
What is the good new? "e the people" are borrowing more money from countries that probably don't like us any more than they did a year ago so that we can lend that money to financials and now consumers to get them to spend what they do not have so that we can, on the surface, make the economy look better than it is. Isn't that what got us here in the first place? <sigh>
My thinking is the trick down has not been realized yet. Is everyone going to go out and spend like there is no tomorrow?
I think our currency is going down. Right now we are flight to safety but given time we are printing money at a phenomenal rate and we have baby boomer's coming on line.
Traders are waiting for commercial real estate to come to roost.
Show-me
Well-known member
Going to pull some out today and this is why.
1. We have had a wonderful little rally and in a bear market sell the rally.
2. Oscar said we would test the head around 900 to 920 and this is close enough for me. Intra day swings are hard to catch, but I can make unlimited moves to the G fund. One today, one Friday.
3. Next weeks economic data will be pivotal. Nonfarm payrolls and I would expect a huge revision to the previous data just like we had last time. That will push us over the 300k lost jobs mark. That combined with the other data, construction, spending, and earnings of some retail and at least two construction companies makes me nervous.
4. STA shows weakness the first two to three weeks of the month and that would coincide with data, earnings, and the top of a bear market rally.
So based on that I will go 50% G and 50% C fund today.
1. We have had a wonderful little rally and in a bear market sell the rally.
2. Oscar said we would test the head around 900 to 920 and this is close enough for me. Intra day swings are hard to catch, but I can make unlimited moves to the G fund. One today, one Friday.
3. Next weeks economic data will be pivotal. Nonfarm payrolls and I would expect a huge revision to the previous data just like we had last time. That will push us over the 300k lost jobs mark. That combined with the other data, construction, spending, and earnings of some retail and at least two construction companies makes me nervous.
4. STA shows weakness the first two to three weeks of the month and that would coincide with data, earnings, and the top of a bear market rally.
So based on that I will go 50% G and 50% C fund today.
McDuck
Well-known member
Mike, If the US dollar is devalued sometime next year, what fund would be the best to be in ?
Last edited by a moderator:
Corepuncher
Well-known member
We are continuing a multi-day rally in the face of a bear market and bad economic news this morning. That is nothing but bullish IMO. See my threat for my key levels. I'm shooting for the 950 tops...but > 900.
In the short term...Friday could be a low volume up day...maybe a good time to sell half or so.
In the short term...Friday could be a low volume up day...maybe a good time to sell half or so.
Show-me
Well-known member
Looking to get back on the trading horse next week. Plan is to sell UYG and go short for a short trade, WITH A STOP.
Big move and it look similar to the last bear rally, so sell the rally and get ready for the next trade.
Odds are against much more of a push. Nerves will be high waiting on the nonfarm payroll report.
http://stockcharts.com/h-sc/ui?s=$TRAN&p=D&yr=0&mn=6&dy=0&id=p26694867262
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p26694867262
http://stockcharts.com/h-sc/ui?s=$EMW&p=D&yr=0&mn=6&dy=0&id=p51972347693
http://stockcharts.com/h-sc/ui?s=EFA&p=D&yr=0&mn=6&dy=0&id=p51972347693
Big move and it look similar to the last bear rally, so sell the rally and get ready for the next trade.
Odds are against much more of a push. Nerves will be high waiting on the nonfarm payroll report.
http://stockcharts.com/h-sc/ui?s=$TRAN&p=D&yr=0&mn=6&dy=0&id=p26694867262
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p26694867262
http://stockcharts.com/h-sc/ui?s=$EMW&p=D&yr=0&mn=6&dy=0&id=p51972347693
http://stockcharts.com/h-sc/ui?s=EFA&p=D&yr=0&mn=6&dy=0&id=p51972347693
Show-me
Well-known member
The Week Ahead
Last Update: 28-Nov-08 08:09 ET
With only a handful of earnings reports scheduled in the coming week, the market's primary attention will be on economic data, retail same-store sales and automakers.
Expect General Motors (GM) and Ford (F) to receive added attention. GM, Ford and Chrysler are expected to go before Congress Tuesday to lay out their plans on how potential $25 billion loan from the government would be used. In addition, November auto and truck sales numbers are set to be released Tuesday.
Retailers will report same-store sales for November on Thursday and Friday, giving investors a chance to see if results were as poor as the guidance of many retailers suggested.
The government's November employment report will be the main focus on the Economic Calendar. Economists expect the 11th straight month of job losses. On Tuesday, the Fed will release its Beige Book, which is a collection of anecdotal economic information form the 12 Fed districts.
Only 39 companies are confirmed to report their quarterly results on the Earnings Calendar. Sears Holdings (SHLD), Staples (SPLS) and Toll Brothers (TOL) are among the more notable names set to release their earnings.
OPEC will hold an emergency meeting on Nov. 29, with some analysts predicting the cartel will cut production in attempt to halt the steep decline in oil prices. OPEC cut its target output by 1.5 million barrels, or 5%, at its Oct. 24 meeting.
________________________________________________________________
Monday, December 1:
Last Update: 28-Nov-08 08:09 ET
With only a handful of earnings reports scheduled in the coming week, the market's primary attention will be on economic data, retail same-store sales and automakers.
Expect General Motors (GM) and Ford (F) to receive added attention. GM, Ford and Chrysler are expected to go before Congress Tuesday to lay out their plans on how potential $25 billion loan from the government would be used. In addition, November auto and truck sales numbers are set to be released Tuesday.
Retailers will report same-store sales for November on Thursday and Friday, giving investors a chance to see if results were as poor as the guidance of many retailers suggested.
The government's November employment report will be the main focus on the Economic Calendar. Economists expect the 11th straight month of job losses. On Tuesday, the Fed will release its Beige Book, which is a collection of anecdotal economic information form the 12 Fed districts.
Only 39 companies are confirmed to report their quarterly results on the Earnings Calendar. Sears Holdings (SHLD), Staples (SPLS) and Toll Brothers (TOL) are among the more notable names set to release their earnings.
OPEC will hold an emergency meeting on Nov. 29, with some analysts predicting the cartel will cut production in attempt to halt the steep decline in oil prices. OPEC cut its target output by 1.5 million barrels, or 5%, at its Oct. 24 meeting.
________________________________________________________________
Monday, December 1:
- Earnings: Inergy (NRGY)
- Economic Data: Construction Spending (Oct.)... ISM Index (Nov.)
- Events: None
- Conferences: Thomas Weisel Partners Natural Resources Conference
- Fed Speakers: Fed Chairman Bernanke and Dallas Fed President Fisher will speak about the economic outlook (1:30 PM ET)... Treasury Secretary Paulson to give an update on economy and financial markets (3:00 PM ET)
- Earnings: Beazer Homes (BZH), Sears Holdings (SHLD), Staples (SPLS), Marvell (MRVL)
- Economic Data: Auto and Truck Sales (Nov.)
- Events:General Electric (GE) gives general business update on GE Capital
- Conferences: Credit Suisse Global Airline Conference... Credit Suisse Tech Conference (Day 1 of 4)... FBR Capital Markets Investor Conference (Day 1 of 2)... Piper Jaffray Health Care Conference (Day 1 of 2)... Citi Chemicals Conference... Merrill Lynch Global Energy Conference (Day 1 of 2)
- Fed Speakers: Philadelphia Fed President Plosser speaks about U.S. economic outlook (12:30 PM ET)... Treasury Secretary Paulson speaks about the U.S.-China economic dialogues to take place on Thursday and Friday
- Earnings: Del Monte (DLM), Aeropostale (ARO)
- Economic Data: ADP Employment Report (Nov.)... Revised Productivity (Q3)... ISM Services (Nov.)... Fed's Beige Book
- Events: Weekly Crude Inventories (week ended Nov. 29)
- Conferences: Credit Suisse Tech Conference (Day 2 of 4)... FBR Capital Markets Investor Conference (Day 2 of 2)... Piper Jaffray Health Care Conference (Day 2 of 2)... Merrill Lynch Global Energy Conference (Day 2 of 2)... Standard & Poor's Bank Conference
- Fed Speakers: Richmond Fed President Lacker to speak about U.S. financial conditions; CEOs of Bank of America, Wachovia and Duke Energy are also participating (12:30 PM ET)
- Earnings: Toll Brothers (TOL), Williams-Sonoma (WSM), Novell (NOVL)
- Economic Data: Factory Orders (Oct.)... Weekly Initial Jobless Claims (week ended Nov. 29)
- Events: Retailers report same-store sales... Merck (MRK) fourth quarter guidance call... DuPont (DD) 2009 update... Treasury Secretary Paulson leads Strategic Economic Dialogue talks in China (Day 1 of 2)
- Conferences: Credit Suisse Tech Conference (Day 3 of 4)
- Fed Speakers: Chicago Fed President Evans speaks to bankers (10:45 AM ET)
- Earnings: Big Lots (BIG)
- Economic Data: Employment Report (Nov.)... Consumer Credit (Oct.)
- Events: Retailers report same-store sales... Treasury Secretary Paulson leads Strategic Economic Dialogue talks in China (Day 2 of 2)
- Conferences: Credit Suisse Tech Conference (Day 4 of 4)
- Fed Speakers: None
Show-me
Well-known member
Show-me
Well-known member
I see everyone else is spinning that sales were up. Deep discounts will effect bottom line and what will shoppers do after they shot their wad this weekend. Lets not forget the credit card bubble.
I still can not see the dollar getting stronger. Our country has created so much money to cover the financials it is hard to keep track of. So why has the dollar gone up? Seems irrational and if the bubble does pop energy and commodities will sky rocket back up. OPEC has already said they want at least $75.
My TSP account, I will buy back as we go back down. I have 50% in and the other 50% in cash for buying.
My IRA accounts, I will sell my long and get ready to short.
I still can not see the dollar getting stronger. Our country has created so much money to cover the financials it is hard to keep track of. So why has the dollar gone up? Seems irrational and if the bubble does pop energy and commodities will sky rocket back up. OPEC has already said they want at least $75.
My TSP account, I will buy back as we go back down. I have 50% in and the other 50% in cash for buying.
My IRA accounts, I will sell my long and get ready to short.
Show,
You have discussed some of the unresolved and risky aspects of unchartered territory. At least I don't know if all measures taken to avoid catastrophe will work.
In his thread, Coolhand posted and gave his opinion of a video clip that also brings hope of stocks doing well for the near future. I guess that hedging still provides a smart alternative for risk reduction without being out of the markets....!?
Perhaps the dollar has gone up because as our country has created enormous amounts of dollars, the big players are proportionately allocating their investments in the safe haven that still is the USD?
You have discussed some of the unresolved and risky aspects of unchartered territory. At least I don't know if all measures taken to avoid catastrophe will work.
In his thread, Coolhand posted and gave his opinion of a video clip that also brings hope of stocks doing well for the near future. I guess that hedging still provides a smart alternative for risk reduction without being out of the markets....!?
Perhaps the dollar has gone up because as our country has created enormous amounts of dollars, the big players are proportionately allocating their investments in the safe haven that still is the USD?
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