This Month in Stocks January: 12/28 - 02/01/2008

[Show-me]

Re: This Month in Stocks January: 12/28 - 02/01/2007

Birch,

Two thirds consumer dirven economy, not dividend investor driven economy.

 

[clester]

Re: This Month in Stocks January: 12/28 - 02/01/2007

I hear a lot of talk about 1400 as a major point. If we go below it selling will pick up and the bear market is here. We could be in a wide sideways channel 1400-1550 ish. We bounced off 1403 earlier today with a sharp V-ish pattern. That is a good sign IMO and if it holds we may return to the top of the downtrend line at 1490 or to the top of the sideways channel. Got my fingers crossed. IMO, bad earnings now priced in. Maybe.

 

[caymanbrac12]

Re: This Month in Stocks January: 12/28 - 02/01/2007

I think we get another bounce on Tuesday. I wrote the below on Sunday.

"The market has become very oversold based Friday's action. Also the TRIN closed way above the 3.0 level on Friday which indicates a lot of panic from investors. Thus it appears an oversold bounce is nearing and could develop by Monday or Tuesday.

The best thing that could happen on Monday would be for a gap down right at the open which would give us a more favorable entry price. However it's possible the market could gap up substantially at the open as well so if that happens there really isn't much we can do about it. "​

 

[Show-me]

Re: This Month in Stocks January: 12/28 - 02/01/2007

I think we get another bounce on Tuesday. I wrote the below on Sunday.


"The market has become very oversold based Friday's action. Also the TRIN closed way above the 3.0 level on Friday which indicates a lot of panic from investors. Thus it appears an oversold bounce is nearing and could develop by Monday or Tuesday.

The best thing that could happen on Monday would be for a gap down right at the open which would give us a more favorable entry price. However it's possible the market could gap up substantially at the open as well so if that happens there really isn't much we can do about it. "​

I think your odds are good and it the PPT steps in look out.

 

[Show-me]

Re: This Month in Stocks January: 12/28 - 02/01/2007

A weak bull, but if we continue down and then rally to the 3% to 5% S&P gain that Briefing.com predicts that could make for some nice gains. Now, picking the right entry point is the hard part.

 

[Show-me]

Re: This Month in Stocks January: 12/28 - 02/01/2007

Another note: Starting in 1986 there are seven times that the first five days of January were negative and the year finished positive. So like Paladin said not the most reliable indicator. The January Barometer is more accurate.

 

[Birchtree]

Re: This Month in Stocks January: 12/28 - 02/01/2007

Ya, as Sheryl Crow would say, "girls only wanna have fun".

 

[Show-me]

Re: This Month in Stocks January: 12/28 - 02/01/2007

Ya, as Sheryl Crow would say, "girls only wanna have fun".

You geek, it was Cyndi Lauper. :laugh:

 

[clester]

Re: This Month in Stocks January: 12/28 - 02/01/2007

It seems like everyone is in the "sell the rally" mode. Lets see if we can hold on today?
If nothing else, it should be a relief rally.

 

[Show-me]

Re: This Month in Stocks January: 12/28 - 02/01/2007

I am amazed how broken the S fund is.

S fund is the Dow Jones Wilshire 5000 minus the 500 S&P companies, giving you the Dow Jones Wilshire 4500. All Mid and Small Cap companies that feel the pinch of recession harder and before the multi-national companies do.

The PPT better step up and say something or this is going to be Armageddon.

 

[Show-me]

Re: This Month in Stocks January: 12/28 - 02/01/2007

Reuters
Goldman Sachs sees recession in 2008
Wednesday January 9, 8:33 am ET
NEW YORK (Reuters) - Goldman Sachs on Wednesday said it expects the U.S. economy to drop into recession this year, prompting the Federal Reserve to slash benchmark lending rates to 2.5 percent by the third quarter.

http://biz.yahoo.com/rb/080109/usa_economy_goldman.html

 

[Show-me]

Re: This Month in Stocks January: 12/28 - 02/01/2007

Merrill Lynch Economist Says US Has Entered Recession

(RTTNews) - The US economy has entered into its first major recession in 16 years according to David Rosenberg, chief North American economist for Merrill Lynch. In a research note to clients released on Monday, Rosenberg wrote that "Friday's employment report confirmed our suspicions that the economy was transitioning into an official recession towards the end of last year."

http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20080108%5cACQRTT200801080705RTTRADERUSEQUITY_0324.htm&

 

[budnipper1]

Re: This Month in Stocks January: 12/28 - 02/01/2007

I am amazed how broken the S fund is.

S fund is the Dow Jones Wilshire 5000 minus the 500 S&P companies, giving you the Dow Jones Wilshire 4500. All Mid and Small Cap companies that feel the pinch of recession harder and before the multi-national companies do.

The PPT better step up and say something or this is going to be Armageddon.

http://www.youtube.com/watch?v=Tbq5Fbq3UnA
Jan. 8 - The Nasdaq stock index could finally end seven days of losses as a management shuffle lifted shares of Starbucks

 

[clester]

Re: This Month in Stocks January: 12/28 - 02/01/2007

What's up with the S fund? ugly! and I though I had it bad in the C fund.

 

[clester]

Re: This Month in Stocks January: 12/28 - 02/01/2007

Looking at the tracker, it looks like the final flush. Everyone is going to cash.

 

[vectorman]

Re: This Month in Stocks January: 12/28 - 02/01/2007

Looking at the tracker, it looks like the final flush. Everyone is going to cash.

Not everyone. If one has been out of the market it may be less risky to enter here with alittle investment. Short of a full blown market crash, even if there is some more downside from here, I would look for a re-test back up to this area.

 

[Show-me]

Alcoa

Alcoa beat the street by 3 cents!!! I have not seen what guidance is yet.

 

[Show-me]

Re: This Month in Stocks January: 12/28 - 02/01/2007

AP
Alcoa 4Q Profit Jumps 76 Percent
Wednesday January 9, 5:42 pm ET
By Daniel Lovering, AP Business Writer Alcoa 4th-Quarter Earnings Jump 76 Percent on Pending Sale of Packaging, Consumer Businesses
PITTSBURGH (AP) -- Aluminum producer Alcoa Inc. said Wednesday its fourth-quarter earnings soared 76 percent, buoyed by the pending sale of its packaging and consumer businesses. Net income rose to $632 million, or 75 cents per share, for the three months ended Dec. 31, from $359 million, or 41 cents per share, during the same period a year earlier.

more at link...........

http://biz.yahoo.com/ap/080109/earns_alcoa.html

 

[Show-me]

Re: This Month in Stocks January: 12/28 - 02/01/2007

Investing
Kass: Fed Is Cutting Soon
[FONT=arial, helvetica]By Doug Kass[/FONT]
[FONT=arial, helvetica]RealMoney Silver Contributor[/FONT]
[FONT=arial, helvetica]1/9/2008 11:59 AM EST[/FONT]
[FONT=arial, helvetica]URL: http://www.thestreet.com/newsanalysis/investing/10397800.html[/FONT]

[FONT=arial, helvetica]This blog post originally appeared on RealMoney Silver on Jan. 8 at 9:29 a.m. EST. [/FONT]
[FONT=arial, helvetica]I have friends. [/FONT]

[FONT=arial, helvetica]I have friends in Washington D.C. [/FONT]

[FONT=arial, helvetica]I have friends who are very close to the Administration. [/FONT]

[FONT=arial, helvetica]I have friends who are very close to members of the Fed. [/FONT]

[FONT=arial, helvetica]This morning, several of those friends gave me an indication of heightened concerns regarding the domestic economy -- far more than what has been expressed by the President, the Secretary of the Treasury, and the Federal Reserve in various platforms over the last week. [/FONT]

[FONT=arial, helvetica]And they say that the Fed will ease momentarily. [/FONT]

 

[Show-me]

Re: This Month in Stocks January: 12/28 - 02/01/2007

Ben speaks and the market rallies.