I used to like Stewart, now he's a random Obama cheerleader that mocks anyone that disagrees with his policies. I'd rather watch Cramer and decide what advice is good and what is bad on my own that listen to smug Stewart pretend like he is all knowing.
I burst out laughing when I saw it the first time. While I think we all know that at some level assistance needs to be extended, there was something very cathartic about the rant.
This is not what a bottom looks like. This is what SEARCHING for a bottom in the midst of a bear market rally looks like. Fun to ride to the top, but then you gotta hop off and take profits.
This was a welcomed but very much overbought and overhyped last 5 trading days, on pitifully weak volume, on no good news. Bought some energy shorts this afternoon, will short more as the market goes up. The Dow closed above its MA(50) on December 8th and 16th as well: look back at the charts to see what happened after that. Stochastics are well above 80, this is way overbought, everyone is shouting ra ra ra and being far too sunny. If you opened any long positions today, either you know something no one else does, or you just got caught up in the hype.
HHoover is spot on: i think we'll trade in a marginally higher range until post-inauguration, then hold on to your hats, it's gonna be brutal.
Global Stock Markets: Highs, Lows and What to Expect in 2009
[View article]
Pretty tough to give much validity to the trading range for the last week of december with the light volume. We nudged just north of the MA50 on the S&P, but with so little conviction I just can't believe it. We've did this in mid December as well, and while the MA50 appears to be leveling, the lack of volume gives is much less credibility.
I closed a few long positions today. I'm not bullish on Q1 2009, but lord knows I've been wrong before. We'll see what happens on January 5th.
Hedge Fund Redemptions May Crash Q1 Markets [View article]
This is not the first time someone has proclaimed gold going to the several thousands range. How has that worked out in the past? I think the Dow will go lower, but if you're waiting for gold to go up 500%, best of luck with that.
Remarkably, "Big Money" managers surveyed this week by Barron's magazine are unrelentingly optimistic - with 50% saying they're bullish or very bullish about the stock market's prospects through the middle of next year. [View news story]
optomistic that in 10 yrs we'll be better than we are now, yes, but until then? Come on, Barron's.
Ultrashort Emerging Markets Should Come with a Warning Label [View article]
Bought it today for the 4th time, will sell it again high. This thing spikes like crazy at the least dip in the emerging markets, so you have to pay attention and take profits at a comfortable level. This is a trade, not an investment, but you can clear 40-60% in 2-3 days. Seems to bounce around between 100-180. Buy low, sell high.
If you think today was the absolute end of the volatility and we're smooth sailing from here on out, then avoid it. If you think the last two days were a bear market rally and there may be a selloff or more pain to come, this is a great play.
Apple's 'Real' Earnings: Up Almost 125% [View article]
Right on. Buying more on the next pullback, will be over $200 within 2 years. The mountain of cash versus the lack of debt makes this a nearly perfect company, with or without Steve Jobs.
Couldn't have said it better myself. This is an excellent play for those that can sit and wait for a couple of years. Sure, might get rocky in the short term and go another 15% lower, so go in to the stock in increments. 50% now, 25% if it drops, another 25% if it drops further.
given FWLT another 15%. The above comments are exactly correct: throw out all that you know about picking stocks. These great companies are getting pummeled like the commodity stocks due to hedge funds and are trading down as if we're in the crux of the next depression already. Will be above 50 by next summer, if you can endure some pain until then.
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Latest | Highest ratedCramer Grilled on Jon Stewart [View article]
"In the annals of CNBC cluelessness, this morning’s outburst by the channel’s Rick Santelli is up there with the worst." (Columbia Journalism Review) [View news story]
Finally, Some Holiday Cheer [View article]
This was a welcomed but very much overbought and overhyped last 5 trading days, on pitifully weak volume, on no good news. Bought some energy shorts this afternoon, will short more as the market goes up. The Dow closed above its MA(50) on December 8th and 16th as well: look back at the charts to see what happened after that. Stochastics are well above 80, this is way overbought, everyone is shouting ra ra ra and being far too sunny. If you opened any long positions today, either you know something no one else does, or you just got caught up in the hype.
HHoover is spot on: i think we'll trade in a marginally higher range until post-inauguration, then hold on to your hats, it's gonna be brutal.
Global Stock Markets: Highs, Lows and What to Expect in 2009 [View article]
I closed a few long positions today. I'm not bullish on Q1 2009, but lord knows I've been wrong before. We'll see what happens on January 5th.
Hedge Fund Redemptions May Crash Q1 Markets [View article]
Playing the Auto Bailout With Yields as High as 45% [View article]
Remarkably, "Big Money" managers surveyed this week by Barron's magazine are unrelentingly optimistic - with 50% saying they're bullish or very bullish about the stock market's prospects through the middle of next year. [View news story]
Ultrashort Emerging Markets Should Come with a Warning Label [View article]
If you think today was the absolute end of the volatility and we're smooth sailing from here on out, then avoid it. If you think the last two days were a bear market rally and there may be a selloff or more pain to come, this is a great play.
Five Behaviors for Making Money Now [View article]
Hang on tight, this week could get nasty.
Apple's 'Real' Earnings: Up Almost 125% [View article]
Long AAPL, getting longer.
Why Oil and Gold Are Headed Much Higher [View article]
Petrobras: Dead In The Water [View article]
This Apple Is Sweet [View article]
Gonna make me some iMoney.
Long AAPL, accruing more shares.
Is Gold A Sucker's Bet? [View article]
Feeling Brave? Try Foster Wheeler [View article]