кухниWhat has taken place over the past 2 weeks goes against everything I have ever learned in the past 15 years. Those that
Market on C R A C K ! !
October 11th, 2009U.S. Rescue May Reach $23.7 Trillion
July 21st, 2009CNBC – The Pump!
July 16th, 2009At 1:41pm yesterday, CNBC had a “News Alert”
Take a look at where the market was and where it went.
Here is a post by Nouriel Roubini shortly after the closing bell.
“It has been widely reported today that I have stated that the recession will be over ‘this year’ and that I have ‘improved’ my economic outlook. Despite those reports – however – my views expressed today are no different than the views I have expressed previously. If anything my views were taken out of context.
“I have said on numerous occasions that the recession would last roughly 24 months. Therefore, we are 19months into that recession. If, as I predicted, the recession is over by year end, it will have lasted 24 months with a recovery only beginning in 2010. Simply put I am not forecasting economic growth before year’s end.
http://www.rgemonitor.com/roubini-monitor/257299/roubini_statement_on_the_us_economic_outlook
This past week, I have never seen such a pump job in all my life. Earnings thus far have left a lot to be desired. This market is not something I would want to invest retirement funds in. This entire market is turning into a circus act.
Glenn Beck Explains Goldman Sachs
July 16th, 2009I’m not really a fan of Glenn Beck, but I am glad someone is finally talking about it
Joe Saluzzi on BNN’s “The Close”
July 16th, 2009
Biden: `We misread how bad the economy was’
July 5th, 2009Vice President Joe Biden said the Obama administration “misread how bad the economy was” but stands by its stimulus package and believes the plan will create more jobs as the pace of its spending picks up.
Full article
Party Over ??
July 2nd, 2009A weekly chart clearly shows a downward trend that is just couldn’t get past. As of right now I feel if the DJI closes below 8355 it would be a clear break to downside i.e. the next leg down in this bear market. However we just don’t know what they will attempt to prop this market.
Topped Out
June 17th, 2009My gut is suggesting that we have ran out of gas. The last time I posted the bounce was off by a few days, and what a bounce that was!
A few more days like the past few and will see some downside. It was getting to the point where crap was floating to the top. One example that comes to mind, KERX from the lows of 9 cents to a high of 1.58 in 15 weeks. Anyone holding it hopefully took profits if they held it on the way down and back up from .50
On Monday when I saw the official close of the Dow I had to chuckle -187 (murder) because it looks like a cliff pattern.
http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=6&dy=0&id=p05960451413
Keeping an eye on FAZ
http://stockcharts.com/h-sc/ui?s=faz&p=D&yr=0&mn=6&dy=0&id=p05960451413carrier to noise ratio
as the Dow appears to be rolling over FAZ seems to be ready for something. I’m not a fan of these financial instruments but it looks attractive.
These are some crazy times we are living.
It’s very hard to believe yet another year has passed…
March 4th, 2009I woke up this morning to find out that my domain name was to expire today. After giving it some thought, I decided to renew the domain even though I haven’t done jack in pretty much a year. I don’t expect much from these markets anytime soon. I will say and it will probably bite me pretty hard, we are due for a sharp rally upwards. It could come as soon as today. I’m not saying we have seen the lows, as I expect much more downside in the future. Things are just down right nasty out there and I don’t think we have seen any light at the end of the tunnel.
As for stock plays, there is just way too much risk for my liking. Maybe if we have a major sell off in the indices (straight down) I’ll roll up my sleeves. I just don’t ‘trust’ these markets, you never know what will be said during the day change the direction of the markets intraday. I think I have better odds at the casino :(
Markets – I walked away – Update
October 7th, 2008Man, I’ve never seen anything like this….. I just watched the debates, so depressing, is this really the best we could come up with?
As for the markets, I’m looking for support at 8600 on the DOW but I do have my doubts it will hold. I really don’t know what else to say. I’ll add more later on.
edit 230am
I’ve been watching kdenninger videos for sometime now and would like to share this video
Read the rest of this entry »