tsptalk's Market Talk

[tsptalk]

Wow! Only 1 down day in BIB since Jan 2. Buy the dips!

 

[tsptalk]

Intel disappoints.

Intel shares fall after earnings miss Street view - After Hours - MarketWatch

 

[Sensei]

PEIX has my ears all tingly. Back to back days up 9%. It's officially closed whatever gap I thought I had seen in the $7 range. Any guess as to how high it might go from here? I only was able to DCA $600 into it before it started taking off. I think I'll just let it ride till it breaks.

 

[tsptalk]

Weak earnings didn't seem to scare the market - how about some strong earnings? ebay and Netflix are soaring after hours.

 

[wavecoder]

tis a flesh wound

 

[tsptalk]

Your arm's off.

 

[jonfresno]

Looks like a leg is about to bite the dust too!

 

[wavecoder]

come back here you bastard! the black knight always triumphs!!

 

[MrBowl]

I have never heard of a time when Roubini had a positive outlook. He's a smart guy, but he's an economist. ENORMOUS difference between verification results of economists versus investors. Dimon is probably closer to correct.

 

[James48843]

Saw this article and thought it might be interesting, given today's action:

This Frightening Chart From Tom McClellan Was Supposed To Trigger Today And Its Implications Were Catastrophic

By @Scheplick 27 minutes ago



Yesterday we were reminded that the following chart comparison from Tom McClellan was roughly scheduled to trigger this evening. On the chart, McClellan pitted the Dow’s current run versus the Dow’s run before the stock market crash of 1929. The similarities between the two charts are surprisingly similar. We posted it below, and you’ll also notice that McClellan says the two charts will roughly meet today, January 14, 2014:

This Frightening Chart From Tom McClellan Was Supposed To Trigger Today And Its Implications Were Catastrophic - Yahoo Finance

Soooo... if that was the chart in the first week of January, exactly where are we on that chart today- and is the 40% drop due tomorrow?

 

[shitepoke]

You see the futures yet? Looks like some panic- big decision tomorrow...

 

[law87]

Soooo... if that was the chart in the first week of January, exactly where are we on that chart today- and is the 40% drop due tomorrow?

its not 1987 anymore, there are Triggers now remember 2011? they wont let the market drop more than 400 points

 

[OBXTrader]

Those are not Monday futures. On Sunday, 6PM eastern time futures begin to move. Those numbers are leftover from Friday close.

You see the futures yet? Looks like some panic- big decision tomorrow...

 

[Bquat]

its not 1987 anymore, there are Triggers now remember 2011? they wont let the market drop more than 400 points

I thought that was when they took the up tick rule out. Which ment you could only sale down so much until there was an up tick in the market.

 

[tsptalk]

A nice positive reversal day went south near the close. Now the market awaits Apple's earnings. Could be a market mover. Due within minutes.

 

[tsptalk]

I just heard someone say that the market has been down only 0.03% of the time the day after a State of the Union address. Can that be right?

 

[JTH]

I just heard someone say that the market has been down only 0.03% of the time the day after a State of the Union address. Can that be right?

When you filter out conditions such as those, I wouldn't think those statitstics are possible.

 

[bmneveu]

I just heard someone say that the market has been down only 0.03% of the time the day after a State of the Union address. Can that be right?

Impossible...

3% would be 1 out of 33.
.3% would be 1 out of 333.
.03% would be 1 out of 3333.

The SOTU address is given annually. 3333 addresses. 3333 years as a country. 3333 years with a stock market. 3333 years of data.

Even if all of that were true, there's no way it would be positive 3332 times out of 3333.

 

[bmneveu]

Impossible...

3% would be 1 out of 33.
.3% would be 1 out of 333.
.03% would be 1 out of 3333.

The SOTU address is given annually. 3333 addresses. 3333 years as a country. 3333 years with a stock market. 3333 years of data.

Even if all of that were true, there's no way it would be positive 3332 times out of 3333.

Alternatively, 3% may be highly unlikely but possible.

 

[tsptalk]

I must have heard it wrong, or they were wrong in reporting.

Just found this...

Stocks And The State Of The Union - Business Insider