WorkFE's Account Talk

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David Rosenberg, previously of Merrill Lynch, has been a perma-bear since 1982. I don't hear anything he says.
 
I've gotten to the point I read everything. The moment I think someones a crackpot they turn out to look like a genius, for about 72 hours anyway.

Kinda like you.:D You know I'm kidding

Have a great day BT, Keep the horns sharp and the claws off your back.
 
Either I've woke up color blind today or I see green in the market, I'll let you know at 4pm. Probably a headfake.

Alcoa's up first expecting a -.38 cents. Not till after the closing

Oil falling again today, must be all that alternative energy we are producing. :nuts:

Utilities and Transport trying to lead the charge will need some help though.

This is sad:
http://www.cnbc.com/id/31797183
 
WorkFE said:
Either I've woke up color blind today or I see green in the market, I'll let you know at 4pm. Probably a headfake.

Alcoa's up first expecting a -.38 cents. Not till after the closing

Oil falling again today, must be all that alternative energy we are producing. :nuts:

Utilities and Transport trying to lead the charge will need some help though.

This is sad:
http://www.cnbc.com/id/31797183
Click to expand...

Thanks for the heads up. :)

Everybody and their mother is watching Alcoa, so I hope they beat expectations. :rolleyes: As for oil, It took long enough, but it's good to see oil finally telling us the truth about this market...
 
The headfake was dry humor, sorry about that. With the market now headed 180 degrees in the oposite direction (a little early for a head fake) this week could be the real correction the cash peeps have been waiting for.

The run up on oil was purely OPEC and some idiots try at making people believe that demand out weighed supply. Horsecrap. They can cut production all they want, the bottom line is us and alot of other countries are cutting back on petroleum (out of economic neccessity). I don't know if thats sustainable over the long run but technology always catches up to the human desire. (To be on the move)
Once factories and the like start producing to meet demand oil consumption will return. At what volume is the question.
 
Holding
C 30
S 30
I 40

All contributions going to G for the past 30 days and the future until this thing hits bottom. And then it's game on.

Anyone know where there is a soup line thats not crowded.:nuts:
 
I don't know about you all but the interaction on the MB in alot of threads has been absolutely great reading the last few days.
For someone trying to learn from the different strategies it is good to see.

Tracker has a boat load of people in positive territory, great to see. I believe our high this year was 151 (great number by the way). We are only about 20 from passing that. Good bounce tomorrow my put us close.

Thanks everyone for the wisdom you pass on.
920 is in the cards.:)
 
Taking a break until the smoke clears. If we rebound I,m still in positive territory, if we continue this downward trend I'll jump back in at lower prices.
I truely believe we'll hit 810-830 during July and then begin to trade sideways to small upside for August.
I also believe (Optimistically) that an extremely strong month is in our future in 09. Not sure if it will be as big as BT says but as volatile as the market has been I would not rule it out.

Imports shrink exports grow. Good news except imports from China actually grew. (We'll never learn):(
http://money.cnn.com/2009/07/10/news/economy/trade_gap.reut/index.htm?postversion=2009071009
 
This could be an interesting week for some. If recent trends continue better than thought bad news (http://www.cnbc.com/id/31884283) could bounce the market back up through recent losses. Possibly we just trade side ways the rest of july or atleast until the earnings reports are exposed and chewed on.

Asian markets to a step back last night and the dollar is up against most currencies.

http://www.cnbc.com/id/31886312
I believe this is right in line with the thinking of most here at TT. (about a 10%-15% retracement when it is all said and done) Looks to be as good an entry point as any.
 
You will be happy to know that margin interest is tax deductable along with home equity lines of credit - there ain't much left open after that.
 
Buy high sell low, I'm fairly certain thats a non-starter. You'd think I would learn from past mistakes. :nuts:

Great day for some other accounts though:)
 
Remember, we are still bouncing along the bottom - you'll have plenty of opportunity to gather your potential and make those dollars. Just don't be afraid of pain - pain is good.
 
Thanks BT,
I was being somewhat sarcastic however your chearleading is always welcome and helpful.
 
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