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Bear Bait

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  • On the hour: Dow +0.35%. 10-yr -0.65%. Euro -0.22% vs. dollar. Crude -0.5% to $74.30. Gold -0.69% to $1248.80.  [View news story]
    will the 3:30 express take us back above the 200 day ma? If it does will we stay there?
    Sep 9, 2010. 03:36 PM | Likes Like |Link to Comment
  • The EPA asks nine oil-services companies, including Halliburton (HAL) and Schlumberger (SLB), to volunteer additional information about the chemicals they use in hydraulic fracturing - part of increasing concern over the practice's effect on drinking-water supplies.  [View news story]
    First you ask nicely for them to comply with your request. If they don't comply; then, you slap them up side the head with that sack and show them who has the biggest and best set.
    Sep 9, 2010. 03:33 PM | 1 Like Like |Link to Comment
  • The Dow has sloughed off nearly all of today's strong gains - now +0.2% - in a sell-off some blame on the possibility of a Deutsche Bank superdilution. But a Stifel Nicolaus equity manager says "Buy these headlines. Your EU counterparts will be rotating from EU into U.S. banks."  [View news story]
    My chart shows it dropped 45 points in 10 minutes about 1pm eastern time 6.5 to 7 hours after the release of the employment numbers. Sorry morg but I seriously doubt that was the trigger. The employment numbers might have helped push it down; but, I believe you are way off base on it being the trigger.
    Sep 9, 2010. 02:54 PM | Likes Like |Link to Comment
  • Ford (F) August U.S. sales: -10.7% to 157,503 vehicles, vs. Edmunds expectations of -10.5%. Cars down 14%, utilities down 25.7%, but trucks up 5%. Top-selling F-Series truck +4.5%. Fusion -18.7%. (PR)  [View news story]
    The Fusion needs a total redesign. Where did they get those ugly grills? Come on Ford. It was a good looking car when it came out.
    Sep 1, 2010. 12:55 PM | Likes Like |Link to Comment
  • Aug. ISM Manufacturing Index: 56.3 vs. 52.5 consensus and 55.5 prior. Prices index 61.5 vs. 57.5 prior. Employment 60.4 vs. 58.6. Inventories 51.4 vs. 50.2. New orders 53.1 vs. 53.5.  [View news story]
    From your comment then you don't pay any attention to the 200, 50 and 20 period moving averages of stocks or any of the indices?
    Sep 1, 2010. 10:46 AM | 1 Like Like |Link to Comment
  • Investors left battered by the stock market's August angst might want to prepare themselves for the September swoon. Evidence of September's cruelty goes back 100 years, and the growing negative mood amid "more uncertainty now than there's been in almost two years" leaves many to wonder just how bad it could get this year.  [View news story]
    I believe I read that is true; but, 4 out of the last 5 Sept have been up. Could it be Bears trying to crap on this possible rally?
    Sep 1, 2010. 09:54 AM | 1 Like Like |Link to Comment
  • Manipulation by high-speed rogue traders may have been behind the May 6 flash crash, a stock-quote programmer alleges, and he doesn't stop there - those traders deliberately slow the market's consolidated tape every trading day, he says, to create fleeting price mismatches and profit from the differences.  [View news story]
    I call them Dr Zeus days. Pop-en-dropalous and the reverse Drop-en-popalous. Then there is the 3 to 4pm express elevator. Somedays it goes up and some days it goes down. Basically all the little retail investor is left with is the crumbs......
    Aug 30, 2010. 07:32 PM | 6 Likes Like |Link to Comment
  • Rising debt + a crisis of confidence that the president and Congress can fix it = "the most fiscally irresponsible government in U.S. history," Mort Zuckerman writes.  [View news story]
    The most fiscally abhorrent regime was under Bush! So what if Obama is throwing bandaids at everything? What is he supposed to do? Start a war?

    Bush left us without one fail safe way out of any recession and that was to wage a war (eg Roosevelt and WWII). Instead Bush's military fiasco got us into this mess. If we called home the troops now that would make unemployment go up 2%!

    I second this.................Bush came very close to causing me to turn in my Republican card. If the Republicans run another blithering idiot spelled Sara Palin you can bet your sweet butts I'll be voting the other party.
    Aug 28, 2010. 07:39 PM | 2 Likes Like |Link to Comment
  • Jim Miekka has never worked on Wall Street and doesn't hold any financial degrees, but he has developed a cult-like following for his Hindenburg Omen. The DJIA has dropped 2.5% since the market indicator was triggered the first of three times on Aug. 12, but its long-term track record shows many more misses than hits.  [View news story]
    try my Kennedy Half.
    Aug 26, 2010. 06:02 PM | Likes Like |Link to Comment
  • Jim Miekka has never worked on Wall Street and doesn't hold any financial degrees, but he has developed a cult-like following for his Hindenburg Omen. The DJIA has dropped 2.5% since the market indicator was triggered the first of three times on Aug. 12, but its long-term track record shows many more misses than hits.  [View news story]
    Here's a quote from a story written by Aaron Task in Investing. "...The Hindenburg Omen has a roughly 25% accuracy rate in predicting big market upheaval since 1987....". I guess the accuracy rate just depends on who is telling the story. The indicator has been triggered 3 times already. Maybe it's 4 times is a charm. I've got a Kennedy half in my pocket that has a 50% accuracy rate! I'm not saying it won't happen. I just question the indicator especially if Aaron Task is correct on its accuracy.
    Aug 26, 2010. 05:58 PM | Likes Like |Link to Comment
  • July Chicago Fed Midwest Manufacturing Index: +2.2% to 81.4, resuming M/M gains. Auto output rebounded, +7.2%, and steel output was up 2.2%.  [View news story]
    KC is down and has 5 comments....Chicago is up and has 0 comments. Interesting.
    Aug 26, 2010. 12:37 PM | 3 Likes Like |Link to Comment
  • Latest bearish indicator: millionaires turning pessimistic. Spectrem Group’s Millionaire Investor Confidence Index, which measures the economic outlook and investment sentiment of households with at least $1M in investable assets, fell 11 points for its biggest decline in more than a year.  [View news story]
    I'm not going to rush off and sell the farm because millionaires are turning pessimistic! Where do they drag up this crap? It's not a Bull or Bear thing either. It would have been just as meaningless to me if it had said millionaires are turning optimistic. Try this on for size. I'm going to wear my rain coat because millionaires are beginning to feel like it might rain. As far as I'm concerned it is just as reliable.
    Aug 25, 2010. 04:27 PM | Likes Like |Link to Comment
  • Wall Street's job market may be starting to sour - and since it's often ahead of the firing curve, it could mean more certainty of a double-dip recession, and bad news for Main Street jobs.  [View news story]
    I for one am tired of all these nickle dime indicators whether they are bullish or bearish.
    Aug 24, 2010. 01:37 PM | Likes Like |Link to Comment
  • An extract of the kudzu vine being developed to treat alcoholism may also help end cocaine addiction, say researchers at Gilead Sciences (GILD +1%), potentially providing the first effective treatment for the addiction.  [View news story]
    I had read about Kudzu; but, I hadn't ever seen it until this summer. They say you can almost see it grow. But, I don't think that's at the speeds on the interstates. I do hope they can harvest it for this purpose.
    Aug 23, 2010. 09:53 AM | 1 Like Like |Link to Comment
  • Dr. Keynes is killing the patient, Michael Pento writes. Most Americans know intuitively that reducing their debt burden is in their best interests, but "a few hundred individuals in government believe they know better than the collective wisdom of the entire free market... they are forbidding us from following the common sense path to fiscal health."  [View news story]
    The only way out is to spend, spend , spend. Spending creates demand which creates jobs which creates more spending. Simplistic this is true. Remember the CCC during the Depression. Govt spending to create jobs to create more spending. Machi is right. The only entity left to spend is the Fed Govt. The question here is which comes first spending or jobs. I say spending. An interesting side light; It was said the the private sector is adding jobs. It is layoffs at state and local Govts that is fueling the encrease in unemployment.
    Aug 20, 2010. 11:09 PM | Likes Like |Link to Comment
COMMENTS STATS
673 Comments
845 Likes