Show-me Account Talk

[Corepuncher]

http://www.cnbc.com/id/15840232?video=971796233&play=1

This link has a very interesting ending as Steve Liesman, who I don't care for, is putting together a special report about "real unemployment". I look forward to seeing it.

Rick Santelli may be turning Steve around.

Does anyone NOT like Rick Santelli?

 

[Warrenlm]

I like the Santelli-Liesman Show. I would like Santelli in the studio more and Liesman on the floor those times so Santelli can dismiss him back with a "give it a rest".

 

[Show-me]

LOL, I'm watching both of them on CNBC.com now.

Here is the one I was really looking for.

The Real Unemployment Rate
A closer look shows a different story to the government's jobless rate of 6.7%, reports CNBC's Steve Liesman

http://www.cnbc.com/id/15840232?video=974634153

 

[Show-me]

I like the Santelli-Liesman Show. I would like Santelli in the studio more and Liesman on the floor those times so Santelli can dismiss him back with a "give it a rest".

I would be so much better than Cramer or Kudlow.

 

[Show-me]

Really listen to what Liesman is saying in the "Real Unemployment Rate" is at and we have not seen the worst of it yet. They are already prepping us for the retail and service sector contraction after the holidays.

STAND BY!

 

[Show-me]

I am trying to figure out where to go in 2009 and I have been gravitating toward SU, DIG, USO, and DXO. Here is why.

Energy is king, we need it no matter what happens. If we go into the long shot depression scenario, we still need oil and the other developing nations will need it too. If we recover economically, .............. Mr. Obvious please stand up. We need energy to build things.

I think oil is experiencing a deflationary event perpetuated by our economic collapse. It will recover with a vengeance due to the fact oil is traded in dollars and the dollar is over inflated because of the Fed. and Treasury created way too much and Pres. Elect will throw more at problem.

Once the inflation monster escapes its cage, look out. Take a look at the gold chart for '79 and '80. You can get them here.

http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx

Check out this youtube about the correlation between oil and gold, gold and silver.



Oil has got to come back, it is the life blood of all economies around the world, as is coal. Wind, solar, and ethanol became popular because of higher fossil fuels and will not recover until fossil fuels recover.


http://www.wtrg.com/oil_graphs/oilprice1947.gif

http://www.wtrg.com/oil_graphs/oilprice1869.gif

 

[Show-me]

As you can see I move to the C and S funds for the Santa Rally. I'm not holding my breath, but figured it was a good shot as volume will be down and the Dow had its fifth consecutive down day, so we are due a relief rally and it may be very brief.

I sold my BGZ only because I am long C/S and I needed the cash for a DXO trade.

http://stockcharts.com/h-sc/ui?s=DXO&p=D&yr=0&mn=6&dy=0&id=p51972347693

 

[Show-me]

AIG just sold another $16 billion to the Fed for some crappy CDO's to cover their CDS.

 

[350zCommTech]

Showme,

Any thoughts on SRS? It's has dropped to 57. I'm thinking about getting some today.

Thanks.

View attachment 5293

 

[Show-me]

Everyone have a Merry Christmas.

 

[airlift]

Thank you Show,

Merry Christmas to you and to the rest of the colleagues on this board. My Best wishes to all of you!

 

[Show-me]

This is outside my bubble of knowledge, but I will throw in my 2 cents.

At first glance I see it as a strong buy based on its chart technicals, waaaayyyy over sold. But, its volume is like a rocket and there has to be a reason. Dead cat bounce on the long side?

The inverse of this etf would be long real estate and the people I am listening to and reading are saying we could see as around a 20% more decline. That is the problem I am hearing for the commercial real estate folks too.

Here is the DJ Real Estate Index that it should track on the long side, http://stockcharts.com/h-sc/ui?s=$DJUSRE&p=D&yr=0&mn=6&dy=0&id=p94129814709

On this chart it looks like it is consolidating and creating a apex that is following the 50 dma. That 50 day is giving a lot of resistance and it can not break it. It is a bear market and I would say it would break down making the UltraShort SRS a winner.

The Slow STO has a double top and is showing negative divergence too.

What I do not know is how seasonality and the honeymoon period for the Pres. Elect swear in will effect everyone.

Showme,

Any thoughts on SRS? It's has dropped to 57. I'm thinking about getting some today.

Thanks.

View attachment 5293

 

[350zCommTech]

What I do not know is how seasonality and the honeymoon period for the Pres. Elect swear in will effect everyone.

Thank you.

You and I know that there is no realistic way for Obama to fix the housing mess, outside of giving everyone a $150K payment towards their mortgage.

When Christmas sales start coming in, the market will head back down. I picked up some SRS at $70.

 

[Show-me]

Thank you.

You and I know that there is no realistic way for Obama to fix the housing mess, outside of giving everyone a $150K payment towards their mortgage.

When Christmas sales start coming in, the market will head back down. I picked up some SRS at $70.

I agree whole heartedly. Robo posted a piece about how there is so much cash on the sideline and it will want to go to work next year. To me the folks are seeing too much risk in the markets and cash is king. Why take any risk at all until you see the direction change. Lot of baby boomer's on the sideline and willing to take the 4% CD rate at GMAC, who by the way weaseled their way into the TARP funds.

 

[Show-me]

Why would any Joe Sixpack risk potential looses in this environment until we see the economy recovering unless they are short term trader or very young like us.

I read a article today about how they can't get enough gold coins. Not a investment that exudes confident in the monetary system or the stock market.

How about taxes? Writing is on the wall with the Obama team.

How about Social Security and Medicare? Another bottomless hole.

How about unwinding the $54 trillion credit default swap mess? That's trillion with a T.

People are watching and when the retailers come out with their sales, layoffs, and bankruptcies, people will hold onto that cash even more.

 

[350zCommTech]

I agree whole heartedly. Robo posted a piece about how there is so much cash on the sideline and it will want to go to work next year. To me the folks are seeing too much risk in the markets and cash is king. Why take any risk at all until you see the direction change. Lot of baby boomer's on the sideline and willing to take the 4% CD rate at GMAC, who by the way weaseled their way into the TARP funds.

Yup, they will be trading in there underwater car loans and sub-prime mortgages for free money,(I'm not kidding). When the White House announced the bailout for the automakers, this was the next step.

Another thing on SRS, if home builders get a bailout, I'm toasted.

 

[Show-me]

They are at the trough but why bail out home builders? They have cash and inventories are way too high. No way they get a bail out. Most of the labor was undocumented workers anyways and they all went home.

 

[Show-me]

Bought DXO $1.80, how low can it go?

 

[Show-me]

Moved to the G fund, retailers are suffering bad and more layoffs on the way.

Less spending all around except for government.

 

[Show-me]

faz @ $43.