Show-me Account Talk

[Show-me]

I placed a order to sell the shares in my Trad. IRA @ $62.90 as 63.04 is the 50 dma and 62.70 is the 20 dma. I am still holding my Roth shares and will see how it plays out.

 

[airlift]

Show,
I believe that, if GE is truly a bellweather, we should see a significant drop in the S&P 500, and a corresponding 2x inverse gain in the SDS ultra ETF. Is this correct? If so, your patience is being rewarded. Good trading!

 

[Show-me]

The Week Ahead

Last Update: 11-Apr-08 10:57 ET

Next week is set to be a busy one, as earnings season will kick into full gear, with 200 companies set to report.

Financial firms will be in focus, with reports coming from US Bancorp (USB), JPMorgan Chase (JPM), Wells Fargo (WFC), Merrill Lynch (MER) and Citigroup (C) to name a few. Visit Briefing.com's Earnings Calendar for additional companies scheduled to report quarterly results.

There will be several market moving economic reports. Traders will be taking note of the latest read on inflation with the release of the March PPI and CPI indexes. March retail sales, and March housing starts & building permits will also garner added attention from the market.

The full slate of economic releases can be found on our Economic Calendar.
________________________________________________________________
Monday, April 14:

• Earnings: Eaton (ETN), Stanley Furniture (STLY)
• Economic Data: March Retail Sales and February Business Inventories
• Events: None
• Conferences: None
• Fed Speakers: Fed Governor Warsh speaks at the Economic Policy Forum in New York (2:30 PM ET)

Tuesday, April 15:

• Earnings: Johnson & Johnson (JNJ), State Street (STT), US Bancorp (USB), CSX Corp. (CSXC), Intel (INTC), Washington Mutual (WM)
• Economic Data: March Producer Price Index (PPI)... April NY Empire Sate Index, and; February Net Foreign Purchases
• Events: None
• Conferences: None
• Fed Speakers: None

Wednesday, April 16:

• Earnings: Abbott Laboratories(ABT), Coca-Cola (KO), JPMorgan Chase (JPM), Wells Fargo (WFC), eBay (EBAY), IBM (IBM), Johnson Controls (JCI), St. Jude Medical (STJ)
• Economic Data: March Consumer Price Index (CPI)... Housing Starts & Building Permits... Industrial Production...Weekly Crude Inventories (week ending April 5)... Fed's Beige Book
• Events: None
• Conferences: None
• Fed Speakers: San Francisco Fed President Yellen gives a speech on the economic outlook at the Bay Area Council conference in San Francisco (11:45 AM ET)... Philadelphia Fed President Plosser will talk about monetary policy in Blue Bell, Pennsylvania (12:30 PM ET)

Thursday, April 17:

• Earnings: Bank of New York (BK), Merrill Lynch (MER), Pfizer (PFE), United Tech (UTX), Advanced Micro (AMD), Capital One (COF), Google (GOOG), Harley-Davidson (HOG), Marriott (MAR), Nokia (NOK), Nucor (NUE), SLM Corp. (SLM), Supervalu (SVU), Southwest Air (LUV)
• Economic Data: March Leading Indicators... Philadelphia Fed Index... Weekly Initial Jobless Claims (week ending April 5)
• Events: None
• Conferences: None
• Fed Speakers: Fed Governor Kohn gives a speech at the Conference on Credit Markets in Charlotte, North Carolina (9:45 AM ET)... Dallas Fed President Fisher speaks to the Chicago Council on Global Affairs in Chicago (1:45 PM ET)... Richmond Fed President Lacker answers media questions at Charlotte Credit Conference (3:00 PM ET)

Friday, April 18:

• Earnings: Caterpillar (CAT), Citigroup (C), Honeywell (HON), Schlumberger (SLB), Wachovia (WB), Xerox (XRX)
• Economic Data: None
• Events: None
• Conferences: None
• Fed Speakers: Richmond Fed President Lacker and Boston Fed President Rosengren in Charlotte speaking on liquidity & systemic risk (8:30 AM ET)

--Ryan McShane, Briefing.com

 

[Show-me]

http://www.charlierose.com/home

George Soros interview.

 

[Braveheart]

Question about briefing.com do they ever make any bold predictions on their own. It looks like they stay right in line basically with every pick. I look at the Michigan data now even I knew it was going to be much lower than predicted so I stayed in the G Fund.

Then there is the GE report sure those are the easy picks maybe to easy but even I said if Bear Sterns can go under what makes GE exempt from a drop yet somehow the market was stunned today which IMO was a bit over the top. So today looking at this mess I figured OK next week is supposed to be hell week so if there is even a better report on one of the big boys then the market will go over the top and jump 300 points in one day so I went 50% S Fund and 50% C Fund.

If figure what makes anyone an expert in this market the only good news is GE owns CNBC so since they caused more of a panic with false rumors etc. today was payback to their owners GE. Notice how worried CNBC was today saying this was serious unlike the anbac crap they were pushing but there was a report that in the past 2 months GE was trying to recover losses before todays report so how better than to use CNBC to spike the market on some source about Ambac. Bit of a conflict that GE has CNBC on it's payroll everything they say negative or positive true or false can move the market.

 

[Show-me]

Question about briefing.com do they ever make any bold predictions on their own. It looks like they stay right in line basically with every pick. I look at the Michigan data now even I knew it was going to be much lower than predicted so I stayed in the G Fund.

Yes they do but nothing I would call radical. They even make their own calls on Economic Data.

 

[Show-me]

http://www.charlierose.com/home

George Soros interview.

Better link. http://www.charlierose.com/shows/2008/04/10/1/a-conversation-with-george-soros

 

[Show-me]

 

[Show-me]

Oscar is very adamant to not fall in love with the upside. Bear market rules. He does expect a small rally before going lower.

 

[Show-me]

I see Circuit City may get bought by Blockbuster for a 50% premium. Damn, sold that to soon. I had a feeling someone would come in and scoop it up.

 

[Show-me]

Go Ethanol!

This seems to be on the front page more. GO ETHANOL! Turning food into more expensive and less efficient fuel. BRILLIANT! Got rain forest? Not for long.:nuts:

ECONOMY

World Bank Chief Calls for Immediate Action on Deepening Global Food Crisis

By Harry Dunphy
Associated Press
Monday, April 14, 2008; Page A08

The president of the World Bank yesterday urged immediate action to deal with sharply rising food prices, which have caused hunger and violence in several countries.
Robert B. Zoellick said the international community has to "put our money where our mouth is" now to help hungry people. Zoellick spoke as the bank and its sister institution, the International Monetary Fund, ended two days of meetings in Washington.
He called on governments to rapidly carry out commitments to provide the U.N. World Food Program with $500 million in emergency aid by May 1. Prices have only risen further since the program issued that appeal, so it is urgent that governments step up, he said.

http://www.washingtonpost.com/wp-dyn/content/article/2008/04/13/AR2008041301972.html

 

[nsurf9]

Thanks for clearning that pesky smoke out of the way.

Now, if you can get that Petrolum Institute "understand the facts" commercial off the air, I'll be able to figure where the heck we are.

 

[GUCHI]

and they say we are dependent on gas!!!!! well some of us have to get to work, with no mass transiet in place. i drive to work and back and that is it !!! i have thought about a motorcycle tho, but thats another initial expense !!! what to do !!!!

 

[Birchtree]

And this too shall pass.

 

[Show-me]

And this too shall pass.

Who was that masked man?

 

[Show-me]

Re: Go Ethanol!

Have you read that more US farmers are pulling croplands out of the conservation program and planting them? Bad for the environment, but....One good thing may come of this crisis...the end of crop subsidies - paying farmers NOT to plant to keep prices artificially inflated. Farmers can now make more money growing than NOT growing. Very refreshing!

I live in a huge farming community and I see it first hand. Marginal ground being removed from CRP (conservation reserve program) and dumping a ton of fertilizer on it to make a crop.

Take a look at the fertilizer and chemical companies to see how much energy is being expended to make marginal soil produce crops now. Then look at the irrigation industry to see how much more fresh water is being used to water. We already use 70% of our fresh water for agriculture.

 

[Show-me]

and they say we are dependent on gas!!!!! well some of us have to get to work, with no mass transiet in place. i drive to work and back and that is it !!! i have thought about a motorcycle tho, but thats another initial expense !!! what to do !!!!

GUCHI,

Suck it up like I do and buy a small cheap car to drive back and forth to work. I bought a 1991 Toyota Corolla with 117k miles three years ago for $1200 and now have well over 200k miles and have minimal mechanical issues. It is a two door that gets 30+ mpg and still going.

Cars are well design now days, especially Toyota, and can go well over 200k miles with good maintenance scheduling. Even with all the maintenance I have done, I figure it cost me $1,000 dollars a year plus fuel cost. Try buying a new or newer used car for a $1,000 a year.

Even if you buy a lower mpg car but get it on the cheap you save money not having the huge up front cost or payments and full coverage insurance. I run with liability insurance and if I hit a deer and total the car I drag it to the junk yard, sell it for $200 and go buy another one.

Be the biggest tight wad you know and your friends will envy you after a while. A lot of the folks I work with love my car after I tell them what I just told you and are driving new cars with big loan and insurance payments.

 

[Show-me]

PPI came in HOT! Slowly squeezing the consumer. JJ beat the street, but the weak dollar help them tremendously.

Expected 0.6 Actual 1.1

Core Expected 0.2 Actual 0.2

 

[BlueMax]

GUCHI,

Suck it up like I do and buy a small cheap car to drive back and forth to work. I bought a 1991 Toyota Corolla with 117k miles three years ago for $1200 and now have well over 200k miles and have minimal mechanical issues. It is a two door that gets 30+ mpg and still going.

Cars are well design now days, especially Toyota, and can go well over 200k miles with good maintenance scheduling. Even with all the maintenance I have done, I figure it cost me $1,000 dollars a year plus fuel cost. Try buying a new or newer used car for a $1,000 a year.

Even if you buy a lower mpg car but get it on the cheap you save money not having the huge up front cost or payments and full coverage insurance. I run with liability insurance and if I hit a deer and total the car I drag it to the junk yard, sell it for $200 and go buy another one.

Be the biggest tight wad you know and your friends will envy you after a while. A lot of the folks I work with love my car after I tell them what I just told you and are driving new cars with big loan and insurance payments.

I love my Chevy Trailblazer, it gets 130 mpg. I car pool with 5 people and the car gets 26 mpg*5people=130 mpg.

 

[GUCHI]

show/blue

LOL LOL !!!!!!! i know about good mileage and cheap cars !!! i had an 87 honda accord with over 225,000 miles before i sold it and got a 03 honda accord v6 oops !!! that sucker only gets 24.5 miles/gal., but is nice when u want to move in traffic. if it wern't for the highway driving i might get a whino bike, but that would be dangerous on the hwy. a motorcycle is in the back of my mind !!! i already have 1 extra vehicle at the house a1985 isuzu pup truck with 185,000 miles on it. i have had it for about 10 years and put about 10,000 miles on it since i have had it. thanks for the encouragement show/blue u made my day, now lets make money !!!