Show-me Account Talk

[Show-me]

Oscar sucked today. LOL

 

[Show-me]

The Week Ahead

Last Update: 07-Aug-08 15:18 ET

An increasing amount of retailers report earnings in the coming week, a sign that the second quarter earnings season is coming to an end.

Roughly 160 companies are set to report their quarterly earnings, which is sharply lower when compared to the past few weeks. Retailers will be an area of focus with results from JCPenney (JCP), Kohl's (KSS) Nordstrom (JWN) TJX Cos (TJX) and Wal-Mart (WMT). A full list of companies can be found on Briefing.com's Earnings Calendar.

On the economic front, there will be a number of reports worth watching, beginning with the June Trade Balance on Tuesday, which will be followed by Retail Sales on Wednesday, CPI and Initial Claims on Thursday, and Industrial Production on Friday.

Take a look at Briefing.com's Economic Calendar for more information.
________________________________________________________________

Monday, August 11:

• Earnings: Sysco (SYY), Fluor (FLR), McDermott (MDR),
• Economic Data: None
• Events: None
• Conferences: Keefe, Bruyette & Woods, Inc. Large Cap Bank Conference... EnerCom Oil & Gas Conference
• Fed Speakers: None

Tuesday, August 12:

• Earnings: Thomson Reuters (TRI), TJX Cos (TJX), Applied Materials (AMAT), Cree (CREE), Nvidia (NVDA)
• Economic Data: Trade Balance (June)... Treasury Budget (July)
• Events: None
• Conferences: Canaccord Adams Annual Global Growth Conference... EnerCom Oil & Gas Conference... UBS Engineering & Construction One-on-One Conference
• Fed Speakers: None

Wednesday, August 13:

• Earnings: Deere (DE), Network Appliance (NTAP)
• Economic Data: Export/Import Prices (July)... Retail Sales (July)... Business Inventories (June)
• Events: Weekly Crude Inventories (week ended Aug. 9)
• Conferences: JPMorgan Harbour Auto Conference... Canaccord Adams Annual Global Growth Conference... EnerCom Oil & Gas Conference
• Fed Speakers: None

Thursday, August 14:

• Earnings: Estee Lauder (EL), J.M. Smucker (SJM), JCPenney (JCP), Wal-Mart (WMT), DeVry (DV), Kohl's (KSS), Nordstrom (JWN)
• Economic Data: Consumer Price Index (July)... Weekly Jobless Claims (week ended Aug. 9)
• Events: None
• Conferences: JPMorgan Harbour Auto Conference... Canaccord Adams Annual Global Growth Conference... EnerCom Oil & Gas Conference
• Fed Speakers: Minneapolis Fed President Stern gives speech on "Repercussions from the Financial Shock" (2:30 PM ET)

Friday, August 15:

• Earnings: Abercrombie & Fitch (ANF), New York & Co (NWY)
• Economic Data: NY Empire State Index (Aug.)... Net Foreign Purchases (June)... Industrial Production and Capacity Utilization (July)... Preliminary University of Michigan Consumer Sentiment (Aug.)
• Events: None
• Conferences: None
• Fed Speakers: Chicago Fed President Evans to speak on the U.S. economic outlook (12:30 ET)

--Ryan McShane, Briefing.com
http://www.briefing.com/GeneralCont...vestor&ArticleId=NS20080807151925LookingAhead

 

[Show-me]

UBS Agrees to Return $19 Billion to Bond Investors

 

[Show-me]

Roth: SLV Had to take a stab at it as a high probability trade. Such a violent move up in the dollar will come to roost.

 

[Show-me]

I'm headed to Norman in a few driving fast and reckless! Wish me luck. Anyone in the area want to get together send me a PM. If you don't hear from me you know I was run over by a 18 wheeler.

 

[hessian]

UBS Agrees to Return $19 Billion to Bond Investors

More on what Show-me, raises above...
Fraud, plain & simple. - And now who pays? ...well you probably guessed right!

Who else? 'Well it depends how far back you want to look. - In just the last week --Citigroup, Bank of America, UBS, Merrill, more... http://www.stockbrokerattorney.com/BreakingNews.htmlU
Each of their subpoena'd amounts way exceed UBS!

 

[FogSailing]

It makes you wonder if what Don Harrold is talking about will get any big trackion. It certainly sounds like the banks have got the government acting as if they are dispensing justice but are really just members of another conspiracy like activity to keep the ocean calm.

Of course, what would happen if Citi, Merrill and the others were allowed to fail. How would that translate in the world marketplace. My guess is that it would be disasterous...so the interesting question is "Are we just extending the inevitable, or will these actions allow us to repay our debts over time in a way that can restore balance to the overall financial system...One thing is for certain, someone should bring the CEO's responsible for these nightmares to "true justice". IThat at least would begin to restore people's faith in our government and out market system. Personally, I would have no problem dropping them (CEO's) into a Columbian prison and letting them figure out to make an existence out of that. But you only see stuff like that happen in the movies.

What a sad commentary on our greed. I lik making money, but I hate the things we seem to do to make it. Whatever happened to our American spirit of just being the best entrpreneurs? This information definitely factors into my longer term strategy. Thanks for posting Hessian.

FS

 

[Show-me]

Made it!

 

[Show-me]

Because neither Fannie or Freddie are properly provisioned against further credit losses, it seems as if Hank Paulson's plan to buy unlimited equity stakes in the companies and/or extend them financing will need to be put in effect.
Bill Gross of PIMCO was estimated that the Treasury will be forced to buy as much as $30 billion in preferred stock in both firms. Shares in the company closed down 9.05%.

http://seekingalpha.com/article/901...or?source=more_author_recent_similar_articles

 

[Show-me]

Roth: SLV Stop set at $14.75 My price objective is $16.25

 

[Show-me]

Daily FX
US Dollar Rally Masks A Severe Carry Breakdown
Friday August 8, 7:46 pm ET
By John Kicklighter, Currency Strategist strategist@dailyfx.com
While all eyes were on the US dollar’s major breakout effort towards the end of this past week, a look away from the majors revealed another major currency market trend change: the breakdown in the carry trade. By Friday’s close, the DailyFX Carry Trade Index closed at 27,954 after a 571 plunge from last week which brought the basket to its lowest level since April 14th.

http://biz.yahoo.com/fxcm/080808/1218239290636.html?.v=1

 

[Show-me]

http://financial-dictionary.thefreedictionary.com/Currency+Carry+Trade

 

[airlift]

Show,
Many of us don't have acess to a computer at work. I will appreciate that you post, or anyone else who might have access to the A.M. Oscar Video, might be able to post the essence of his suggestions before the IFT deadline. TIA.

 

[Show-me]

Airlift,
I will try but my schedule is different now. Check out the Hurricane Center.

Take note of this. First would arrive this weekend and is lined up with the Gulf.

http://www.nhc.noaa.gov/

 

[luv2read]

Show,
Many of us don't have acess to a computer at work. I will appreciate that you post, or anyone else who might have access to the A.M. Oscar Video, might be able to post the essence of his suggestions before the IFT deadline. TIA.

Some of us have PC's at work but all vids are blocked, so we can't see Oscar. A summary of his suggestions is a good idea, if anyone has the time to watch him, formulate one and post it prior to the IFT noon deadline. TIA mucho Show, and anyone else who can help!

 

[airlift]

Show,
Many, many thanks. Take care and have a good trip!

Airlift,
I will try but my schedule is different now. Check out the Hurricane Center.

Take note of this. First would arrive this weekend and is lined up with the Gulf.

http://www.nhc.noaa.gov/

 

[airlift]

I am sure that this is a very useful opinion from Palisades Research:

Daily Market Commentary
​

Comments: August 8, 2008
Current position: Long 50% Rydex Nasdaq 100 2x, 50% money market for Monday. Even though this has been a down 2008 for the general markets, we have obtained more than two thirds of our +31% gain for the year, during the days we were long. Friday the market had significant gains as the dollar strengthened and oil fell. Russia and Georgia battled over the region's main city, but it did nothing to stop oil's fall. The psychology has definitely changed. I will continue to use caution, as I still expect a down August for the markets, and will feel better going long during September. With such high record earnings under their belt the oil companies could attempt to influence the elections by allowing gas prices to fall more rapidly in the two months prior to election day. (Just a thought, not a suggestion or expectation.) That would fit in well with my view, for a strong stock market in the fall. 10 year rates are falling as inflation is moving off the table as a major concern. For the near term i expect a peak mid week then lower through the month. Please pick up your free password so you can read about our longer-term forecast, and download the free "T" index software.

http://stocmarket.com/commentp.htm​

 

[luv2read]

I am sure that this is a very useful opinion from Palisades Research:

Daily Market Commentary​

Comments: August 8, 2008
Current position: Long 50% Rydex Nasdaq 100 2x, 50% money market for Monday. Even though this has been a down 2008 for the general markets, we have obtained more than two thirds of our +31% gain for the year, during the days we were long. Friday the market had significant gains as the dollar strengthened and oil fell. Russia and Georgia battled over the region's main city, but it did nothing to stop oil's fall. The psychology has definitely changed. I will continue to use caution, as I still expect a down August for the markets, and will feel better going long during September. With such high record earnings under their belt the oil companies could attempt to influence the elections by allowing gas prices to fall more rapidly in the two months prior to election day. (Just a thought, not a suggestion or expectation.) That would fit in well with my view, for a strong stock market in the fall. 10 year rates are falling as inflation is moving off the table as a major concern. For the near term i expect a peak mid week then lower through the month.Please pick up your free password so you can read about our longer-term forecast, and download the free "T" index software.​

http://stocmarket.com/commentp.htm​

First speculation and manipulation, now blatant manipulation. Is there no end to their greed and desire to control the government?

 

[Silverbird]

First speculation and manipulation, now blatant manipulation. Is there no end to their greed and desire to control the government?

Well, I think Putin just tosssed a grenade into their plans: He who controls the spice, controls the universe. We have to get off this oil roller coaster. As long as Texas Crude is the price, more production on our end can be counterbalanced somewhere else.

 

[luv2read]

Well, I think Putin just tosssed a grenade into their plans: He who controls the spice, controls the universe. We have to get off this oil roller coaster. As long as Texas Crude is the price, more production on our end can be counterbalanced somewhere else.

What really gets me mad is the whole idea that they can "allow" or or prevent anything that would influence the elections.

With such high record earnings under their belt the oil companies could attempt to influence the elections by allowing gas prices to fall more rapidly in the two months prior to election day.