Whipsaw's Account Talk

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Interesting insights from former Dallas Fed president Richard Fisher "We frontloaded a tremendous market rally to create a wealth effect ... The Federal Reserve is a giant weapon that has no ammunition left." There is a potential for a 10-20% correction as the market is overpriced, the markets need to 'digest' this huge run-up since 2009 and will be flat to down for some time.

 
It's not looking good sports fans! :blink: FWM just jumped in and JTH just jumped out! :nuts:
 
FWM made a good move yesterday, we will be up today, but then what? If this is like last August, many at the time were calling for more down side that never materialized... Is that the case again?

The article at the link calls for more weakness, then an end of February rally; or just a complete and utter selloff... go figure. This may be a good spot for a partial position to hold for a longer term...

http://www.cnbc.com/2016/01/12/get-ready-for-a-february-rally-strategist.html
 
Whipsaw said:
FWM made a good move yesterday, we will be up today, but then what? If this is like last August, many at the time were calling for more down side that never materialized... Is that the case again?

The article at the link calls for more weakness, then an end of February rally; or just a complete and utter selloff... go figure. This may be a good spot for a partial position to hold for a longer term...

http://www.cnbc.com/2016/01/12/get-ready-for-a-february-rally-strategist.html
Click to expand...

oil price is going down, but perhaps we rally for 5 or 6 more days before we fall down the trap door?
 
Whipsaw said:
Not sure, maybe a pop-and-drop? Looks like rallies are getting sold...
Click to expand...

I agree at this moment (hope I'm wrong) but that's why I went with minimal exposure. If we do nosedive, I can still get in deeper with more later this month or, pull the plug all together. Hey, it's fun to watch anyway.

Frank
 
WS: You know how the market always does everything the way the news service announce them and the pundits pronounce them....:D:D

FS
 
Interesting article on the commodities crash in the China Bubble; essentially, investments made all across the world to provide raw materials to the manufacturing/export economy in China are being impacted by reduced demand as Chinese growth slows significantly and they stop making so much stuff... a large bubble slowly bursting. (apparently there is some sort of tracker that will only let you open the article once... I haven't tried it yet)

The China Bubble - The American Interest
 
Keep in mind the Iranian oil will be hitting the market this weekend which will further saturate (no pun intended) the market and drive prices lower.

Eric Bolling of Fox News is predicting a bottom for oil at 25. Before he got the gig at Fox News Mr. Bolling was an oil trader, so I tend to think he knows what he is talking about. It is my belief that until oil stabilizes we will continue to see these great openings only to sell off to the close. Should be a nice ride up once the recovery starts, but until then it is best to exercise patience.

Blackbird out! :D
 
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