Show-me Account Talk

[Show-me]

Going to put in a limit order for SDS of $63.05 for Monday. The pattern of retracing these big drops 1/4 to a 1/2 seems to be common and reliable. Hitting the sweet spot is the trick. I picked $63.05 cuz it correlates with roughly 1345 on the S&P and seems like a nice retracement point.

Monday, construction spending and we might see a rise.

Tuesday, Dr. Strangemath speaks in FL. Oh boy!

Wednesday, is the ADP employment report that everyone hangs on pre-jobs report but they can't hit a bull in the ass with a banjo at a stockyard. I don't put much faith in their report, but the cheerleaders do.

Good luck and get that Roth going.

 

[Show-me]

TSP: F Fund / Roth: Cash w/ limit buy order pending @ $62.80

Moved the buy order a little lower. The market is making big swings so I opened up the buy a bit. The 20 sma is support for SDS at $62.49 and I have a aching feeling about construction spending. There is a .2% spread between Briefing and Consensus and if we get a better number than consensus it will fuel a little rally.

I may be all wet but I am in no hurry and will let the market breath if I miss out.

Good luck.

 

[Show-me]

AP
Buffett: US Essentially in Recession
Monday March 3, 8:46 am ET
By Josh Funk, AP Business Writer Buffett Says US Economy Essentially in a Recession, Expects Tough Ride for Insurers

OMAHA, Neb. (AP) -- Billionaire Warren Buffett said Monday that the U.S. economy is essentially in a recession even if it hasn't met the technical definition of one yet.

Buffett said in an interview with cable network CNBC the reports he gets from the retail businesses his holding company owns show a significant slowdown in purchases.

The chairman and CEO of Omaha-based Berkshire Hathaway Inc. said millions of people have also lost equity in their homes because home prices have dropped.

The technical definition of a recession most economists use is two consecutive quarters of negative growth in the nation's gross domestic product.

"I would say, by any commonsense definition, we are in a recession," Buffett said on CNBC. But Buffett said it's not clear how far the recession will go because that is difficult to predict. The technical definition of a recession most economists use is two consecutive quarters of negative growth in the nation's gross domestic product.

more here...... http://biz.yahoo.com/ap/080303/buffett_economy.html

 

[The_Technician]

AP
Buffett: US Essentially in Recession
Monday March 3, 8:46 am ET
By Josh Funk, AP Business Writer Buffett Says US Economy Essentially in a Recession, Expects Tough Ride for Insurers

OMAHA, Neb. (AP) -- Billionaire Warren Buffett said Monday that the U.S. economy is essentially in a recession even if it hasn't met the technical definition of one yet.

Buffett said in an interview with cable network CNBC the reports he gets from the retail businesses his holding company owns show a significant slowdown in purchases.

The chairman and CEO of Omaha-based Berkshire Hathaway Inc. said millions of people have also lost equity in their homes because home prices have dropped.

The technical definition of a recession most economists use is two consecutive quarters of negative growth in the nation's gross domestic product.

"I would say, by any commonsense definition, we are in a recession," Buffett said on CNBC. But Buffett said it's not clear how far the recession will go because that is difficult to predict. The technical definition of a recession most economists use is two consecutive quarters of negative growth in the nation's gross domestic product.

more here...... http://biz.yahoo.com/ap/080303/buffett_economy.html

Bad thing about the Fed is they are always too late to see what is happening on the street.....we have had contraction now for about nine months as I see it....just look back at the Auto sales figures....it goes around u know....

Then lets see Buffet has finally seen this....it musta took that long to get out of the market.....

Lastly, I don't see a recession any more, its been stagflation for about six months now....

What does that all mean.....s%^$#@ is coming our way. I hope the kids learn how to save what money they have.....oh, that too is hitting the skids......dang......does that mean we have a deep recession coming our way.......it that a depression coming????

Maybe I could be famous....:suspicious:

Carnac

 

[Show-me]

 

[Show-me]

Fed had a emergency meeting today.

 

[Show-me]

That is interesting and if it is true I may reverse my position beings I did not fill my order. If they do a emergency rate cut and/or a bond insurer bailout I want to be SSO.

 

[Show-me]

Bankruptcy Filings Surge Among US Consumers

 

[Show-me]

Thanks, it sound like Plosser is turning to the "dark side". LOL

The market has a 50 basis point cut at 100%, so what else is there to do? Me thinks a bailout is in the making after the TMA margin call. They got spanked today. What can the banks do? They ain't got no extra cash to dump down a black hole.

Very interesting, maybe cash IS KING.

 

[Show-me]

There is nothing regular about the Fed. :nuts: Makes me think they are going to do something and that could mean other people are thinking the same thing and will pile on long positions to get ahead of the "big bail out".

I'm over thinking this to much. The trend is down and any rally would be a excellent opportunity to get SDS at a better price. Job numbers are this Friday and if they disappoint look out.

Sticking to the plan and waiting for a better price for a short position. I am thinking of going to the G because of the volatility and the cut off.

This BS could cause the rally I need to get me my retracement of Fridays candlestick.

 

[Show-me]

Hey Hessian,

Nice call on the Doji/Spinning top!!! Me thinks today qualifies.

 

[Show-me]

 

[hessian]

Hey Show-me,
I'm at work, & I can't the view the video below on work computers. Is it Oscar's?
If so, is he saying, to basically hold course ("red omni, baby"), or recommending any chang in course? (I doubt the latter, but thought I'd ask.)
Thanks

 

[Show-me]

Hey Show-me,
I'm at work, & I can't the view the video below on work computers. Is it Oscar's?
If so, is he saying, to basically hold course ("red omni, baby"), or recommending any chang in course? (I doubt the latter, but thought I'd ask.)
Thanks

Yes, markets going down baby!!! Red Omni, sell any rally! Sell mid to high 1330's and then short and sell low to mid 1300's.

 

[Show-me]

Dr. Strangmath is live on CNBC. Look out below.

 

[Show-me]

TSP: F Fund / Roth: Cash limit order set @ $63.00

If I get it, I get it. If not, cash is king.

 

[Silverbird]

They own the oil, next...they own the cash.
http://www.bloomberg.com/apps/news?pid=20601084&sid=aAurgUMi11wg&refer=stocks

The growing reliance of U.S. banks on sovereign wealth funds has caused the U.S. to call for greater scrutiny of the investments. Treasury Secretary Henry Paulson and his counterparts in Europe have expressed concern that a lack of public knowledge about how these funds invest may roil financial markets.
To contact the reporter on this story: Will McSheehy in Dubai at wmcsheehy@bloomberg.netGlen Carey in Dubai at gcarey8@bloomberg.net
Last

They are awash in falling dollars, gotta spend it quick. The oil countries from dollar priced oil, China and some of the other Asian economies, from dollar holdings trying to prop their currencies at a certain level.

 

[Show-me]

Going G fund.

 

[hessian]

Going G fund.

Hey Show-me,
There seems to be more factors, news/data this time, making decisions for tomorrow less reliable.
FYI, I did go in today with a moderate dca, basically thinking there's maybe a possibility of some sort of manipulation, whether Uncle Ben, PPT, or some institutional deal. Even bogus rumors seem to make the market surge these days (though folks should be catching on to the latter) -you'ld think! :suspicious:
If we go another leg lower after this, I suppose then I'll have to decide either to dca-in more - or bail (if it all looks like its going really bad, alot below retest level).

 

[Show-me]

Hey Show-me,
There seems to be more factors, news/data this time, making decisions for tomorrow less reliable.
FYI, I did go in today with a moderate dca, basically thinking there's maybe a possibility of some sort of manipulation, whether Uncle Ben, PPT, or some institutional deal. Even bogus rumors seem to make the market surge these days (though folks should be catching on to the latter) -you'ld think! :suspicious:
If we go another leg lower after this, I suppose then I'll have to decide either to dca-in more - or bail (if it all looks like its going really bad, alot below retest level).

I think we will still go lower and this is just grasping for straws.