I thought I might try something different here, and see how it goes. It's quite difficult for me to post a lot to the various topics, especially with charts, since the method I use for posting charts is very cumbersome. Some charts can take me a half hour or more to put together. Since the charts I use for posting are not my 'working' charts, this work is duplicative.
I have various ideas and thoughts here and there about different things, and if I have a 'central clearing area' where I can just put out a sentence or two, pointing to something without doing the work, the members can do what assessment and analysis they want with the ideas, and post charts if they want, preferably to the respective areas they have for that topic. This way it would leave this topic more 'clean'. If you have a question or comment on what I was pointing out you could post that in here.
Let me know if you have any thoughts on this, or anything you think would be helpful/useful. Keep in mind I am not going to just tell you all my best setups in advance, especially if I plan to trade them, as that is not 'what I do' in here, or anywhere. I want to point out things that may need some work, and might go unnoticed otherwise, or are just of interest.
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MR
mreiserer
Rep: 110
Posts: 2,220
Maybe I am the one who is stupid, but over the course of second half last year I sold almost all Euros I owned. The greenback becomes a safe haven, how ironic. And like my brother who works for the European Bank of Construction and Development in London says:" the whole world is waiting for the US to turn this around..."
JI
jimkane
Rep: 3,058
Posts: 33,089
Well, it doesn't sound too stupid now, it looks like the trade of the year. And if they are waiting for the U.S. to turn it around, we are in deep stuff. As Mr. T used to say "I pity the fool...". I pity the fool waiting on us...
MR
mreiserer
Rep: 110
Posts: 2,220
Yes, but at this point it can only be up to the US. Still the No.1 catalyst in this world, for the better or worse. Who else is going to do it? Europe is stuck with their heads in the sand, China has little "free market experience". Even though everybody's clueless, chances are this is still the place where the turnaround needs to happen first.
Besides, I am a firm believer that this whole mess is a calculated setup. Now they have everyone exactly where they want them. Fear is still the most powerful weapon. It's just another war, an economic war. What a country, what a world...
Besides, I am a firm believer that this whole mess is a calculated setup. Now they have everyone exactly where they want them. Fear is still the most powerful weapon. It's just another war, an economic war. What a country, what a world...
MR
mreiserer
Rep: 110
Posts: 2,220
Here is an interesting bit:
http://economix.blogs.nytimes.com/2009/03/02/stocks-finally-start-looking-affordable/
http://economix.blogs.nytimes.com/2009/03/02/stocks-finally-start-looking-affordable/
TO
TonyC
Rep: 99
Posts: 471
News feed quote:
"A day after the government unveiled AIG bailout no. 4, the insurance giant's failure was a major topic of conversation during Q&A after Ben Bernanke's testimony before the Senate Budget Committee.
"I share your concern, I share your anger," the Fed Chairman said in response to a question from Sen. Wyden (D-Oregon) about AIG. "
Oh great, Ben is mad now...still, bailout #4 for AIG.
Does this dude has any clue what he's doing or Has any sense of reality? ...
I like the beard though, makes him look good while spitting lies.
fun read article from may2007:
http://www.forbes.com/2007/05/17/bernanke-subprime-speech-markets-equity-cx_er_0516markets02.html
The American economy's Bailout strategy = death-by-a-thousand-paper-cuts .
T
"A day after the government unveiled AIG bailout no. 4, the insurance giant's failure was a major topic of conversation during Q&A after Ben Bernanke's testimony before the Senate Budget Committee.
"I share your concern, I share your anger," the Fed Chairman said in response to a question from Sen. Wyden (D-Oregon) about AIG. "
Oh great, Ben is mad now...still, bailout #4 for AIG.
Does this dude has any clue what he's doing or Has any sense of reality? ...
I like the beard though, makes him look good while spitting lies.
fun read article from may2007:
http://www.forbes.com/2007/05/17/bernanke-subprime-speech-markets-equity-cx_er_0516markets02.html
The American economy's Bailout strategy = death-by-a-thousand-paper-cuts .
T
JI
jimkane
Rep: 3,058
Posts: 33,089
It just shows you how completely clueless these characters really are. That article is awesome, especially the last paragraph. Yet, after evidence like that, they give these guys free reign to do what they are doing. I just don't see how we are not doomed, with the blind leading the blind as they search and fumble in the dark for the handle to turn the money presses up to warp speed...
JI
jimkane
Rep: 3,058
Posts: 33,089
The Trannies just took out the Friday low, and set a new bear market low. Yep, sounds like that was the bottom last week, like all the pundits said. The Trannies don't matter. Maybe it's a bullish Dow Theory divergence because the Industrials aren't confirming :-)
JI
jimkane
Rep: 3,058
Posts: 33,089
Here's an interesting article:
http://www.marketwatch.com/news/story/Tuesday-more-a-bear-market/story.aspx?guid=%7BF072CB1B%2DD990%2D4D3A%2D8F45%2DD92AB9FCCFFA%7D
Kind of at the point I was making in the other thread, with some additional interesting stats. I was just thinking of posting how interesting I find it if the bear market ended on a monster move up, leaving a big, big gap that likely would never be filled. I haven't done comprehensive research on this, but from what I've seen, I don't think this happens too often. I don't recall a single case where it has, but like I said, I haven't done extensive studies on this. And, of course, it could always come back, 'test' the area and fill the gap, and then smoke off to Dow 20,000...
http://www.marketwatch.com/news/story/Tuesday-more-a-bear-market/story.aspx?guid=%7BF072CB1B%2DD990%2D4D3A%2D8F45%2DD92AB9FCCFFA%7D
Kind of at the point I was making in the other thread, with some additional interesting stats. I was just thinking of posting how interesting I find it if the bear market ended on a monster move up, leaving a big, big gap that likely would never be filled. I haven't done comprehensive research on this, but from what I've seen, I don't think this happens too often. I don't recall a single case where it has, but like I said, I haven't done extensive studies on this. And, of course, it could always come back, 'test' the area and fill the gap, and then smoke off to Dow 20,000...
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, I'm going to give everyone some advice: don't follow this link. Don't watch the movie, and if you do watch it, don't take it seriously. If you do, you will likely wind up feeling pretty crappy. How do I know? I didn't follow the same advice...
http://video.google.com/videoplay?docid=7886780711843120756
http://video.google.com/videoplay?docid=7886780711843120756
JI
jimkane
Rep: 3,058
Posts: 33,089
I think the second chart is particularly telling. I agree with the conclusion, this market is nothing more than Euro-yen carry trade on, Euro-yen carry trade off. No balance, no participation, no depth, as I discussed in my last monthly commentary, just leverage/deleverage, risk on/risk off, and that's it. Skynet is totally sentient. How long, like in the movie, until the machines decide to vaporize the useless humans?
http://www.zerohedge.com/article/tale-two-decouplings
http://www.zerohedge.com/article/tale-two-decouplings