pooramerican

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    • Wed May 21st 20:56 PM | Rating: 0 0
      Commented on:
      Oil Is Up Due to Fundamentals, Not Speculation
      Why is no one here correlating the spike in price to the dollar?
      The euro gained significantly against the greenback, if you were european you pay slightly higher but not that much higher. same goes for AUD ,etc.

      I don't however see how demand/currency value could push oil 15% in 1 month. I mean why? and why is gold not $1200/ounce.
      View article »
    • Tue May 20th 23:47 PM | Rating: 0 0
      Commented on:
      Two Intraday Reversals: Trouble Ahead?
      Do you think we see a contraction on the SPY to 1385ish and the NAZ to 2400ish before everyone has to show their hands?
      View article »
    • Sat Apr 26th 03:50 AM | Rating: 0 0
      Commented on:
      Will U.S. Markets Crash Now - Or Later?
      Good article, but I agree with the comment:
      "Who wants to be the bad guy in election year?"
      This is not a free market, I learned the expensive way.
      About the dollar dropping, guess what, the dollar dropped the most right around time for earnings then some how magically starts gaining strength before next FOMC meeting.
      The notion that foreign investors can't understand the valuation scheme is simply absurd. They are coming in to save the nation's banks, why you think they are doing that?
      One last thing, does anyone know what happened to russia when they defaulted on their loans? :)
      View article »
    • Fri Apr 25th 17:25 PM | Rating: 0 0
      Commented on:
      The "No Amount of Bad News Can Bring This Market Down" Trades
      Funny and right on article. It is good we held 2400 on the NAZ, but what do you think about S&P backing off the 1400 3 times in 1 week?

      By the way, I have a small position in MSFT. any thoughts on it or on tech in general?
      Have you looked at TNH for a fertilizer play?what about RIG?
      View article »
    • Mon Mar 17th 16:51 PM | Rating: 0 0
      Commented on:
      4 Recommendations to Defend Against a Financial Armageddon
      I like this article, and the author made an incredible call in the Dec. issue of business week so I tent to believe some of his predictions( I am rethinking re-entering gold) but I tent to agree with the comment that the government will consider and use all options, till Nov. at least.
      The one thing I like to get others' opinions on is that one of the main factors that made the great depression the scary monster that it is is that the government did not step in to provide liquidity. The way I see things is that Bernanke did give it a try to see how "bad" the contraction expected would be and perhaps whether the system could adjust, that clearly failed and without the injections the threat of complete financial system collapse appeared eminent. There is alot at stake here and there are many scenarios but if we focus on 2 scenarios:
      1-Let things deflate, let insolvent institutions go under. well that means A whole lot of wealth will be eroded. Wealth that will cost governments money. money they can easily print, but then we end up with a great depression followed by inflation?One of the most important things that will deflate here will be the american home , perhaps the only remaining source of wealth for the average american, causing massive demand on the government facilities to provide services.
      2-Inject more debt into the system, keep things "rolling" and as the cycle of debt makes its way through, the average world citizen will feel the "recovery" and start feeling better. If you look at the bear cycles through out the last few decades, it looks like it keeps getting shorter because the government steps earlier.
      I personally plan on riding the next wave up, then lighten up and either ride it down or wait for a support level to be reached. I think today we have seen the 11740 level hold up and it did last week too. if LEH does not report terrible news, we could see a mini rally for a few weeks.
      View article »
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