Tuesday Outlook: Commodities, Emerging Markets 15 comments
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<< Return to page 1 - Bailout Blues
Yeah, who are they kidding? Everyone’s upset by this rush to bail out every crummy company. And, the amounts of money and stimulus are really overwhelming. Just when you think there isn’t any cash left in the vault, up pop more proposals to spend some more.
The Far Side has it right.
Some were wondering why we’re carrying so much cash. It's days like the last two that serve to remind us how lethal these markets can be. Oversold bear market rallies are usually the most dramatic and the past day [plus the last hour on Friday] reminds us why we’re parked on the sidelines. It’s too soon to be long and still too oversold to be short. Eventually the time to invest will present itself if we remain patient and disciplined.
Let’s see who gets bailed out next.
Have a pleasant evening.
Disclaimer: The ETF Digest has no positions.
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This article has 15 comments:
(1) It would help to have fewer charts and more comment on how they speak with one voice (or do NOT, as the case may be. Brevity is the soul of analysis....
(2) I notice you have overlooked currencies in this blast of charts. UUP and FXE would be helpful.
rock on.
are the lows in? maybe... but to put in a bottom off such unbelievably negative news is pretty hard to see happening, not with huge redemptions/selling continuing until the end of the year, so lets see how they do on a retest...
so C may not completely collapse, unlike BSC, CFC, FNM, FRE, WB, WM, GM, F, etc etc, lets rally!
but what about BAC, JPM (seriously, looks ready to head lower to me), GS, MS, etc!!
On Nov 24 09:30 PM gman199 wrote:
> I am not sure why you are worried about inflation now. I think it
> is obvious the problem on the horizon is deflation. The only way
> to defeat it is by inflating the economy. I am not in favor of how
> the government is handling our economic problems, but i think inflating
> the economy by spending money is the only way to combat deflation.
On Nov 24 09:07 PM Georealist wrote:
> A useless series of scribbles..charts. No analysis. No courage. No
> nothing. You also look like your posing for a San Francisco Gay Pride
> Day who want's me? portrait.....
I agree with your comments regarding the Vix- considering that everyone was looking for a bottom signal when it hit forty, how good is it if it touches 90? Having said that, I would have to say it is looking toppy- it even formed a double top last week. Of course I would never base my trading decisions solely on this one indicator.
I like the way you have been doing. It is instant analysis (with years of experience and insight behind it) of what each chart presents. I am not interested in having educational blurbs in here except for some cryptic mentions of the backgrounds once in a while when necessary. Keep up the good work.
I got the sense that investors large and small are quite angry about all these bailouts and how all these politicians, both outgoing and incoming, are handling the current financial crisis, though not at the boiling point yet.
On Nov 25 12:37 AM User 306248 wrote:
> With 439 comments under your belt, it's time for the big hook to
> grab you off your little bully pulpit. What a moron and a jerk.
>
We have now had 3 such days: 10/28, 11/13 and 11/24.
Fry is getting sloppy and losing his objectivity.