momomiester

Two Big Bounces: 1929 vs. 2009

I am not really bullish here but this comparision to 1929 on a chart is kind of silly. We did not have such a diversified economy back then. There were no computers, health care, entertainment was at min. Mutual funds didn't exist and people didn't have financial planners or other long term instruments geared for retirement. The economy during those days was mainly heavy industry and manufacturing so to assume that the market will do the same is really pushing it. Plus, the socialized part of our economy will provide some lift in certian areas. I just think things are more complex than that.

Bank of America Punishes Customers Who Dare to Have a Balance

This is the hope and change we are promised. Give the crooks billions so they can screw us up the you know. This will balloon into some really ugly publicity. I really hope the crush these companies with regulation. What a time to start a bank!

Cramer's Stop Trading! This Is One of the Greatest Rallies in History (3/27/09)

Even a blind squirrel finds a nut some times. And even a nut will find a squirrel. This is the same guy who went on national tv saying stay away for 5yrs? He should be studied as a phenom of pop culture. Someone who is totally offensive yet popular kind of like a Tia Tequilla of the investment world.

The Up-Tick Rule Reimplementation Is Bad for Markets

Gee it worked for 70yr or so fairly well. At least it will keep some of this machine trading to a min. that is killing some of the market.

The People's Republic of America: See What Congress Is Doing?

Are you people on meth? Let them keep their bonus? Bonus for what? Destroying capitalism? Let me ask you...how much of a bonus they would get if they didn't get saved? That is your bonus.
Bottom line if you take a loan out to save your rear from the mafia, they own you and that is the reality here. They can do what they want when they pay it back.

Madoff to Plead Guilty: Is This Justice?

Do we really believe this guy who was out on the road meeting people daily was able to do all this himself? Really? I have problems balancing my check book when I am traveling let alone being able to run a 50billion dollar ponzi scheme.
We might see more people indicted and who knows what will hit the fan.

Tuesday's Fireworks Were Basically Meaningless

I think your just grumpy cause your fingers are tired typing out all those "X" and "O"...Of course one rally is useless. It has to be confirmed later by a follow through rally but hey it is better than going straight down.

Preparing for Thursday's Mark-to-Market Meeting

You know I don't like some of those on cnbc and have been screaming about how some are so popular but are always so wrong but the reality of Stewart making a show around them speaks something. This is like the top of the real estate market and how we got shows about flipping your house. When the common guy is talking about something and how good or bad it is the trend usually changes. Ring! Ring!

Investor Capitulation: What to Watch Now

I think vix works better as and indicator when it has some correlation both inverse or not within a certain time frame. Notice in Oct-Nov..the Vix was climbing and climaxed with a parabolic chart formation. Today the vix is sideways as the market has been plundging. What this might show is lack of put buying at these levels but the serverity of the decline should have bumped the VIX more. I don't think at this level you can rely on it or assume it is going to plundge to indicated capitulation. Also, I doubt with some finacials so low much put buying was bought so the vix might be off.

Dow Heading Toward 5,000 and 'Permanent Capitulation'

If everyone expects something to happen such as a capitulation, how is it going to happen? Usually, capitulation is a panic. And panic is a reaction to fear from an unexpected event. The markets been down for a year and many sectors have capitulated. People are crushed to the point they are not even looking at their portfolios so I doubt there is going to be more of a shock to capitulate like everyone expects.
The pattern might be much like a crushed stock, straight down then sideways and a basing pattern followed by an upturn. Also, look at the VIX. It has been sideways due to not many people buying puts down at this level.
Also, if your not dollar cost averaging down here, how do you expect to get in when it turns? The initial move will be huge and most gains will be realized by those who have been buying and averaging.

5 Things Apple Could Be Doing with Their New Touch Screens

I was wondering when they would come up with an I-touch on steroids. Apple has a hole in their line from the $999 laptop down to the I-touch. Plus I need something small I can use on the couch where I don't have put a heavy laptop on my lap that is bigger than an I-touch. Also, with the Apple app store I can see this being an amazing product from being able to program my TV cable etc to watching movies, accessing a front door cam, video chatting or whatnot. The possibilities are endless.

Astounding Volume in 3x Financial ETF FAS May Signal Turnaround

FAS isnt' nearly as risky as it was at 10 being many of these financials are blown up. But if we get as sustained rally they can hit up to 9 easy. They key was to buy yesterday in the 2's being the market stopped there.

Goldman Sachs Is Toast

No offense but unless you have some time under you belt newbee, I would'nt be pushing it too much on the short end down here. Goldman is Goldman. They are like Jason from Friday the 13th. Just when you think he is dead he pops up and lops off your short little head. Plus market is blasted down and we can get a bear rally before this stuff rolls over again. Remember when you have the Jon Stewart show blasting CNBC and the evil stock market, that smack of a short-term bottom.

Timmy Geithner Needs Some Help

Timmy needs change his name to Gitdog and grow a pair. He comes off like the biggest wimp and that doesn't give the street any confidence. He has to be more vocal, show more strength and lay-out the plan with an attitude of "This is how it is going to be done and this is going to work"
The approach he takes now is way too summissive.

Long Google, Again

The chart looks like junk and it a 300buck stock. When you have blue chips like INTC near lows and other major companies that if you buy you could make almost double your money, why would one mess with a tech company like Google where if competition developes it is only a click away? Risk versus return.