Niner's Comments Niner's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/241381/comments Allowing the yuan to rise would hurt, not help, global economic recovery, and threaten China's financial health, a Chinese state think-tank says. The essay adds to a recent chorus of Beijing rhetoric rejecting expectations that the government will loosen its policy leash on the yuan any time soon. (ETF: CYB) http://seekingalpha.com/news/market_currents/post/37781?source=feed#comment-794194 794194
Did anyone really think that they might come up with a different conclusion? I think they still execute people over there that don't arrive at the proper conclusions. A point all of us who have ever ripped our government and are still alive to do it again should remember! I don't agree with some of the opinions on here; but, I do agree that the authors of those opinions have every right to do so.]]> Mon, 07 Dec 2009 10:24:37 -0500
Did anyone really think that they might come up with a different conclusion? I think they still execute people over there that don't arrive at the proper conclusions. A point all of us who have ever ripped our government and are still alive to do it again should remember! I don't agree with some of the opinions on here; but, I do agree that the authors of those opinions have every right to do so.]]> Analysts React to Surprisingly Good BLS Report http://seekingalpha.com/article/176639-analysts-react-to-surprisingly-good-bls-report?source=feed#comment-791548 791548 Sat, 05 Dec 2009 10:08:50 -0500 Analysts React to Surprisingly Good BLS Report http://seekingalpha.com/article/176639-analysts-react-to-surprisingly-good-bls-report?source=feed#comment-791544 791544

On Dec 04 06:00 PM bottoms-up wrote:

> I shouldn't say this, but I will anyhow...
>
> I know someone who works at BLS... He told me, without telling me,
> that this was "BLS BS."
>
> I asked him several things but he wouldn't be specific, but in general,
> I surmise the reason that they did this was to hype confidence for
> the holiday season so people will spend since black this and cyber
> that were a wash-out.
>
> Even before talking to her, I put these numbers in the "too got to
> be true" category.
>
> I guess P.T. Barnum is running BLS now.]]> Sat, 05 Dec 2009 10:04:24 -0500

On Dec 04 06:00 PM bottoms-up wrote:

> I shouldn't say this, but I will anyhow...
>
> I know someone who works at BLS... He told me, without telling me,
> that this was "BLS BS."
>
> I asked him several things but he wouldn't be specific, but in general,
> I surmise the reason that they did this was to hype confidence for
> the holiday season so people will spend since black this and cyber
> that were a wash-out.
>
> Even before talking to her, I put these numbers in the "too got to
> be true" category.
>
> I guess P.T. Barnum is running BLS now.]]> And just like that, the Dow's triple-digit advance is gone. Dow now just into the negative, -1.74 to 10,364.41. S&P 500 dives, down 0.2% to 1,099.57, and Nasdaq on its way, now down 0.2% to 2,170. Basic materials, especially miners and metals, have been the drag so far. http://seekingalpha.com/news/market_currents/post/37687?source=feed#comment-790859 790859

On Dec 04 12:02 PM enigmaman wrote:

> The good news was not real check out Trim tabs link
> bit.ly/5BKPdI for accurate stats, this could be why the markets
> have reversed or the worry about the Fed tightening, or what ever
> else might worry them]]> Fri, 04 Dec 2009 16:28:07 -0500

On Dec 04 12:02 PM enigmaman wrote:

> The good news was not real check out Trim tabs link
> bit.ly/5BKPdI for accurate stats, this could be why the markets
> have reversed or the worry about the Fed tightening, or what ever
> else might worry them]]> A sudden dive was halted and stocks have begun a steady climb back up, though still well off morning highs. At midday, the Dow +0.2% to 10,386; S&P 500 +0.4% to 1,105; Nasdaq +0.7% to 2,188. Crude -0.6%. Natural gas +3.6%. Gold -3.4%. Silver -3%. Platinum -2.6%. http://seekingalpha.com/news/market_currents/post/37695?source=feed#comment-790842 790842

On Dec 04 01:51 PM mb2 wrote:

> You'll get your retest. The $ keeps rising, commodities are selling-off.
> ]]> Fri, 04 Dec 2009 16:18:52 -0500

On Dec 04 01:51 PM mb2 wrote:

> You'll get your retest. The $ keeps rising, commodities are selling-off.
> ]]> A sudden dive was halted and stocks have begun a steady climb back up, though still well off morning highs. At midday, the Dow +0.2% to 10,386; S&P 500 +0.4% to 1,105; Nasdaq +0.7% to 2,188. Crude -0.6%. Natural gas +3.6%. Gold -3.4%. Silver -3%. Platinum -2.6%. http://seekingalpha.com/news/market_currents/post/37695?source=feed#comment-790640 790640

On Dec 04 01:16 PM wapiti wrote:

> Maybe Art Hogan has the answer! I thought he said they were selling
> and locking in profits. Maybe they are now buyers at lower prices???]]> Fri, 04 Dec 2009 13:28:33 -0500

On Dec 04 01:16 PM wapiti wrote:

> Maybe Art Hogan has the answer! I thought he said they were selling
> and locking in profits. Maybe they are now buyers at lower prices???]]> A sudden dive was halted and stocks have begun a steady climb back up, though still well off morning highs. At midday, the Dow +0.2% to 10,386; S&P 500 +0.4% to 1,105; Nasdaq +0.7% to 2,188. Crude -0.6%. Natural gas +3.6%. Gold -3.4%. Silver -3%. Platinum -2.6%. http://seekingalpha.com/news/market_currents/post/37695?source=feed#comment-790602 790602
I say there is major support at about 10300. If the DJ falls through that hard, we could be on our way to 10000. I look for another test of 10300 before the day is over. The Wall streeters will be back from lunch in 30 minutes or so. Let's see what happens in the post lunch 60 minutes. and then there is the pre close 60 minutes (30 really).

So far I'm wrong about the retest of 10300]]> Fri, 04 Dec 2009 13:08:40 -0500
I say there is major support at about 10300. If the DJ falls through that hard, we could be on our way to 10000. I look for another test of 10300 before the day is over. The Wall streeters will be back from lunch in 30 minutes or so. Let's see what happens in the post lunch 60 minutes. and then there is the pre close 60 minutes (30 really).

So far I'm wrong about the retest of 10300]]> The upside surprise in nonfarm payrolls today is the second-biggest this year (in June, expectations were for -520K jobs and the actual number came in at -345K), and among the biggest expectations "beats" in the past 10 years. http://seekingalpha.com/news/market_currents/post/37675?source=feed#comment-790574 790574
"Canada reported much stronger jobs data than the market expected, sending the Canadian dollar broadly higher. However, the strong showing in Canada should not be seen as a hint or signal of what to expect from the US."

I guess Obama has the Canadians lying about their job data too!]]> Fri, 04 Dec 2009 13:05:21 -0500
"Canada reported much stronger jobs data than the market expected, sending the Canadian dollar broadly higher. However, the strong showing in Canada should not be seen as a hint or signal of what to expect from the US."

I guess Obama has the Canadians lying about their job data too!]]> Jobs Picture Improving in Canada, Too http://seekingalpha.com/article/176618-jobs-picture-improving-in-canada-too?source=feed#comment-790556 790556 Fri, 04 Dec 2009 13:02:39 -0500 And just like that, the Dow's triple-digit advance is gone. Dow now just into the negative, -1.74 to 10,364.41. S&P 500 dives, down 0.2% to 1,099.57, and Nasdaq on its way, now down 0.2% to 2,170. Basic materials, especially miners and metals, have been the drag so far. http://seekingalpha.com/news/market_currents/post/37687?source=feed#comment-790481 790481 Fri, 04 Dec 2009 12:27:41 -0500 And just like that, the Dow's triple-digit advance is gone. Dow now just into the negative, -1.74 to 10,364.41. S&P 500 dives, down 0.2% to 1,099.57, and Nasdaq on its way, now down 0.2% to 2,170. Basic materials, especially miners and metals, have been the drag so far. http://seekingalpha.com/news/market_currents/post/37687?source=feed#comment-790476 790476 Fri, 04 Dec 2009 12:21:21 -0500 Stocks keep building a strong out-of-the-gate rally on encouraging jobs news, with factory orders - which beat expectations on an increase in nondurable goods. Dow now +1.2% to 10,489; S&P 500 +1.4% to 1,115; Nasdaq +1.7% to 2,209. Crude +1.6%. Natural gas +3.1%. Gold -1.9%. Silver -2%. http://seekingalpha.com/news/market_currents/post/37677?source=feed#comment-790273 790273 Fri, 04 Dec 2009 10:28:26 -0500 After a day where the lines barely twitched, stocks dive into the close, with no news dead ahead but tomorrow's jobs report. The Dow closes -0.8% (-86.53) to 10,365.62; S&P 500 -0.8% (-9.32) to 1,099.92; Nasdaq -0.5% (-11.89) to 2,173.14. Crude -0.5% to $76.24. Gold +0.5% to $1,218.40. http://seekingalpha.com/news/market_currents/post/37634?source=feed#comment-789244 789244 S&P has tried to break above 1110 (+/-) and neither has done it. For the last 3 weeks the Dow has been range bound between 10250 and 10500. There are three possibilites here up, sideways or down. Down is To 10000 or lower. I'm retired, I have time to wait and see which way it will go. History says Dec is an up month.]]> Thu, 03 Dec 2009 19:21:16 -0500 S&P has tried to break above 1110 (+/-) and neither has done it. For the last 3 weeks the Dow has been range bound between 10250 and 10500. There are three possibilites here up, sideways or down. Down is To 10000 or lower. I'm retired, I have time to wait and see which way it will go. History says Dec is an up month.]]> Nov. same-store sales (actual vs. Briefing.com estimate), update #2: ANF -17% vs. -10%. AEO -2% vs. -2.2%. CATO 0% vs. -1.5%. DDS -11% vs. -8%. FRED -3.3% vs. -1.5%. GPS 0% vs. -0.2%. JCP -5.9% vs. -4.5%. JWN +2.2% vs. +2%. KSS +3.3% vs. +0.8%. M -6.1% vs. -3.2%. SKS -26.1% vs. -21%. TGT -1.5% vs. -0.6%. TJX +8% vs. +9.1%. WTSLA -5% vs. -6.6%. 8 misses, 6 beats, for a total of 18 misses and 7 beats. http://seekingalpha.com/news/market_currents/post/37582?source=feed#comment-788208 788208 Thu, 03 Dec 2009 08:48:41 -0500 Nov. same-store sales (actual vs. Briefing.com estimate), update #1:ARO +7% vs. +10%.APP -11% vs. -3%.BKE +1.4% vs. +4%.BONT -6% vs. +1%.COST +6% vs. +8.2%.HOTT -11.7% vs. -7.9%.LTD +3% vs. -2.3%.PLCE -13% vs. +0.8%.SMRT -7.2% vs. -6.5%.SSI -12.5% vs. -5.3%.ZUMZ -8.5% vs. -8.1%.10 misses, 1 beat. http://seekingalpha.com/news/market_currents/post/37573?source=feed#comment-788130 788130 Thu, 03 Dec 2009 07:55:22 -0500 In a document called Goldman Sachs Compensation Practices (.pdf), Goldman (GS) notes it has "substantially outperformed peers from a shareholder value creation perspective," adding that it has "still been able to pay out more on average per employee" while generating "the highest average EPS growth rate." http://seekingalpha.com/news/market_currents/post/37572?source=feed#comment-788128 788128 Thu, 03 Dec 2009 07:49:44 -0500 Research firm TrimTabs makes the case for its job-loss numbers being more accurate (higher) than the government's. http://seekingalpha.com/news/market_currents/post/37555?source=feed#comment-787409 787409
If Trimtabs figures are consistently higher, the unemployment rate expressed as a percentage could conceivably be lower.]]> Wed, 02 Dec 2009 19:47:17 -0500
If Trimtabs figures are consistently higher, the unemployment rate expressed as a percentage could conceivably be lower.]]> A quarter of U.S. households don't have access to full banking services, while nine million of those households have no checking or savings at all, the FDIC says in a new report (.pdf). Those households - which depend on payday loans or other "problem" alternative services - face more loss and theft, and struggle for financial security, the agency says. http://seekingalpha.com/news/market_currents/post/37554?source=feed#comment-787218 787218 Wed, 02 Dec 2009 18:15:19 -0500 A restructuring pro's advice to debt-ridden firms: Abandon hope. Companies are delaying an inevitable cycle of bankruptcies and deleveraging desperately needed, he says, to restore the economy to health. http://seekingalpha.com/news/market_currents/post/37540?source=feed#comment-786962 786962 I don't intend to to infer he is wrong or anything else. I just have to question his motives. It would be a more believable if he weren't a bankruptcy counselor which I'm sure he doesn't do for free.]]> Wed, 02 Dec 2009 15:28:06 -0500 I don't intend to to infer he is wrong or anything else. I just have to question his motives. It would be a more believable if he weren't a bankruptcy counselor which I'm sure he doesn't do for free.]]> Honda (HMC) November U.S. sales: +5.5% to 74,003 vehicles (percentages based on daily selling rate; units down 2.9% in total). Honda Division +3.7% to 65,234; Acura Division +20.8% to 8,769. Total car sales -4.4%, to 39,765. Truck sales +20% to 34,238. Accord up 7.5% to 17,239. (PR) http://seekingalpha.com/news/market_currents/post/37454?source=feed#comment-784836 784836 Tue, 01 Dec 2009 14:34:27 -0500 GM November U.S. sales: -2.2% to 151,427 vehicles, vs. estimate of +5.8%. Sales for Chevrolet, Buick, GMC and Cadillac up 6%. Car sales -1.3% to 58,036; light trucks -2.1% to 92,640. (PR) http://seekingalpha.com/news/market_currents/post/37451?source=feed#comment-784798 784798 Tue, 01 Dec 2009 14:08:02 -0500 Toyota (TM) November U.S. sales: +11.5% to 133,700 vehicles. Toyota brand +9.8% to 115,200; Lexus +24% to 18,500. Passenger cars up 14.5%, light trucks up 2.8%. (numbers on daily selling rate basis; PR) http://seekingalpha.com/news/market_currents/post/37448?source=feed#comment-784777 784777 Tue, 01 Dec 2009 13:53:14 -0500 Taleb goes berserk on the upcoming Bernanke reappointment: "I cannot believe that we... can accept living in such a society. I am not blaming Bernanke (he doesn't even know he doesn't understand how things work or that the tools he uses are not empirical); it is the Senators appointing him who are totally irresponsible." http://seekingalpha.com/news/market_currents/post/37394?source=feed#comment-784082 784082
Taking this further. If parents cared as much about their kids education as they do about how many minutes they got to play in the last game, things would be better also. Education has become secondary to sports, my opinion of course.


On Dec 01 07:06 AM RJK1 wrote:

> Liberty is rarely forceably seized. It is generally given away to
> the resounding applause of the masses. As went Rome, so to shall
> we implode from the inside, whilst the general populace is ignorant
> of the importance of whats transpiring in Washington and how it will
> affect them.
> Now if you declared that we'd have to restrict NASCAR events or discontinue
> televising NFL games, then the indignation would sweep the land like
> a Tsunami.
> We need change. We need a future again. We need hope and a clear
> explantion of where we are going and what the plan is. We need to
> cut the size of government to 1/2 or more of what it is now. We need
> to live within our means which means sacrifice.We need to break up
> the banks and break the grip of the financial elites on our government.
> We didn't elect them, they don't care about us and yet they control
> the government and by default you and me. This is the real fight.
> Make no mistake as its far more important to the republic than any
> terrorist threat from abroad.
> Wake up America.!]]> Tue, 01 Dec 2009 07:47:35 -0500
Taking this further. If parents cared as much about their kids education as they do about how many minutes they got to play in the last game, things would be better also. Education has become secondary to sports, my opinion of course.


On Dec 01 07:06 AM RJK1 wrote:

> Liberty is rarely forceably seized. It is generally given away to
> the resounding applause of the masses. As went Rome, so to shall
> we implode from the inside, whilst the general populace is ignorant
> of the importance of whats transpiring in Washington and how it will
> affect them.
> Now if you declared that we'd have to restrict NASCAR events or discontinue
> televising NFL games, then the indignation would sweep the land like
> a Tsunami.
> We need change. We need a future again. We need hope and a clear
> explantion of where we are going and what the plan is. We need to
> cut the size of government to 1/2 or more of what it is now. We need
> to live within our means which means sacrifice.We need to break up
> the banks and break the grip of the financial elites on our government.
> We didn't elect them, they don't care about us and yet they control
> the government and by default you and me. This is the real fight.
> Make no mistake as its far more important to the republic than any
> terrorist threat from abroad.
> Wake up America.!]]> Taleb goes berserk on the upcoming Bernanke reappointment: "I cannot believe that we... can accept living in such a society. I am not blaming Bernanke (he doesn't even know he doesn't understand how things work or that the tools he uses are not empirical); it is the Senators appointing him who are totally irresponsible." http://seekingalpha.com/news/market_currents/post/37394?source=feed#comment-784072 784072 Tue, 01 Dec 2009 07:20:56 -0500 Market breadth looks poor judging by the percentage of stocks above their 50-day moving averages - just 56%, held down by financials and energy. http://seekingalpha.com/news/market_currents/post/37371?source=feed#comment-783161 783161 Mon, 30 Nov 2009 15:50:36 -0500 This might be bearish even for Elliott Wave's Robert Prechter: a recommendation to go 200% short on stocks. http://seekingalpha.com/news/market_currents/post/37223?source=feed#comment-778234 778234
The very top line in a list of investing hints says; "Listen to the market, not to the pundits".

If I'm going to listen to anybody, it will be Buffet or Soros. Buffet isn't right all the time, no one is. But, he continues to amass wealth. ]]> Thu, 26 Nov 2009 08:36:51 -0500
The very top line in a list of investing hints says; "Listen to the market, not to the pundits".

If I'm going to listen to anybody, it will be Buffet or Soros. Buffet isn't right all the time, no one is. But, he continues to amass wealth. ]]> NAR's Lawrence Yun was surprised at the size of the gain in home sales, which he thinks may be a sign of last-minute buying before the homebuyer tax credit expires: "With such a sale spike, a measurable decline should be anticipated in December and early next year before another surge in spring and early summer." http://seekingalpha.com/news/market_currents/post/36996?source=feed#comment-773283 773283 Mon, 23 Nov 2009 10:24:47 -0500 Harvard professor Brandon Adams says some of the best potential traders are professional poker players: "They’re used to skirting the edge of ruin and they learn the tools of how to do that." If so, maybe Wall Street recruiters should be looking here and here. http://seekingalpha.com/news/market_currents/post/36891?source=feed#comment-769199 769199 Fri, 20 Nov 2009 12:44:38 -0500 Harvard professor Brandon Adams says some of the best potential traders are professional poker players: "They’re used to skirting the edge of ruin and they learn the tools of how to do that." If so, maybe Wall Street recruiters should be looking here and here. http://seekingalpha.com/news/market_currents/post/36891?source=feed#comment-769160 769160
Who the hell are you? God!]]> Fri, 20 Nov 2009 12:23:05 -0500
Who the hell are you? God!]]> Three Democratic senators could vote against the healthcare reform bill in the Senate, which would scuttle the bill. http://seekingalpha.com/news/market_currents/post/36719?source=feed#comment-765170 765170
A good solid defeat would hopefully lead to a total rewrite.]]> Wed, 18 Nov 2009 08:55:57 -0500
A good solid defeat would hopefully lead to a total rewrite.]]>