theobannion

Tuesday Outlook: Commodities, Global Markets

More "rats" in DC.

SOB.


On Sep 15 08:33 AM David Fry wrote:

> ur2smart4me: Good point about the rat droppings but most seem to
> be occurring in and around Washington DC, no? Besides each state
> has Dept of Health officials counting those droppings.........those
> dirty rats!!!! And, our new Regulatory Czar thinks those rats should
> have legal representation since these counts are no doubt an invasion
> of their privacy.
>
> 86999: good point! my staff has been urging me to do this but I'm
> just a creature of habit but will now yield to what's seems the popular
> way.
>
> Re Ryu Mei: yes HAL is doing that doo-doo that he does so well.

Tuesday Outlook: Commodities, Global Markets

Sorry to keep butting in, but I should add that a lot of the presidents in these "democracies" can change the constitution with virtually the stroke of a pen. Pinochet, Washington's boy in Chile, made himself a senator for life before he "retired" from office (for disappearing thousands of his political enemies). Ain't "democracy" grand?

SOB.

Tuesday Outlook: Commodities, Global Markets

You should live in South America, David, & the US will look great w/ regard to patronage. The average public employee (related to a politician, which is how he got his job) earns 10 times what his "civilian" counterpart earns for the same job. Which is one half the reasons why pols became pols. The other half is to pocket millions in bribes and steal millions from the treasury. (Okay, so that's thirds, but you get the idea.)

LOL
SOB.

Wednesday Outlook: Commodities, Global Markets

It's good to hear someone I respect agree w/ me that we are in, and probably have been in, a manipulated mkt since mid-April at the latest - possibly since the end of March. Given any number of indicators with a high degree of correspondence with the direction of the averages, this mkt should have rolled over the second wk in April. But the heavy, and coordinated, buying of a handful of stocks can move indices regardless that the rank-and-file of stocks have been plummeting. Consider the normal drop in the COMPQ for any drop, X, in the percent of NASDAQ stocks above 50 SMA. Do the same for the normal drop for a given drop in the Bullish percent index. As for the handful of stocks: IBM represents 9% of the variance in the Dow. Four stocks dominate the NDX, which dominates the COMPQ. And many issues are listed on more than one index. IBM also figures in the S&P 500 & 100, for example. Ditto BAC. And both figure in their respective sector indices.

I was reading this AM about a head and shoulders forming in the S&P. Similar pattern in any number of other indices, based on my own work. But don't hold your breath for a break below the neckline. If one should come, proceed w/ caution, because more than likely it will be a bear trap, and the unsuspecting bear will be squeezed by the elephant members of the FOP clan - the Friends of Paulson.

"But who shall punish them, Mother?"
"Why, the GOOD people, of course."

A little Shakespeare (probably misquoted) lends a little class.

Best,
Seamus O'Bannion.

Friday Outlook: Commodities, Global Markets

If a small investor (account value less than $25,000.00) who had been labelled a "pattern day trader" had bought FAZ at 9:30 AM, liking the first half-hour's action, and wanted to cut his losses that afternoon when the price went to a new daily low, he would have been prohibited from doing so and would have had to wait until the next morning.

Isn't it great how Cox's SEC looked out for the little guy? So far, Schapiro has done nothing about the rule prohibiting the little guy from day-trading.

Most traders don't even know the rule exists.

Best,
SOB.

21 Reasons to Be Bullish

I can identify w/ your last two short paragraphs, from "Even..." to "...near."

I'm often my own best contrary indicator.

Best,
SOB.

The Commodity Rebate

I'm not sure "deserving" is the term I'd use. The following is a quote from a Phil Davis post (Tuesday, 2/17/09):

"The actual firms, the companies you buy stock in (and this is just GS, MS, MER, LEH and BSC), made $12Bn in profits in 2007 yet the people working there took over $100Bn in salaries and bonuses. What the hell kind of business model is that? We had to pay these guys $95Bn in ‘06 to earn $30Bn but last year, in 2008, these crooks took $60Bn in compensation for losing $7Bn (and that’s just what was booked)!?!"

For the entire post go to
philstockworld.com/200.../

I read you guys regularly. Great stuff!

Best,
SOB.