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  • This Morning - Little Reason To Rise  [View article]
    this is the world of Fraud Street not science... you don't need logical reasons for things to happen! retail sales down the tubes? no problem, market goes up. manufacturing numbers show contraction? that's a winner, too! more and more Americans sitting at home, unemployed and poor? that's BULLISH for Fraud Street. BULLISH for America!
    Jul 19, 2012. 02:42 AM | 3 Likes Like |Link to Comment
  • Which Way Wednesday: Beige Book Boogie  [View article]
    Another enjoyable read. Global warming is a fact, undeniable. Mankind's contribution? Just ask yourself, is ANY contribution to it okay? End of argument.

    IMO, the top of this market is either not too far away or imminent.
    Jul 18, 2012. 01:09 PM | 4 Likes Like |Link to Comment
  • Expect Another Smackdown In Gold And Equities In Response To Bernanke's Testimony  [View article]
    I think the author will prove to be a sage. July 18th is primed to be the day where "buy the dip, sell the rip" fails miserably.
    Jul 17, 2012. 07:57 PM | 2 Likes Like |Link to Comment
  • Expect Another Smackdown In Gold And Equities In Response To Bernanke's Testimony  [View article]

    maybe you should be Fed Chairman instead of Bernanke, since you know so much and Bernanke so little. Here's a little something for you to chew on, a DIRECT QUOTE FROM BERNANKE:

    "The U.S. government has a technology, called a printing press (or today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at no cost."

    You fail to understand that the very subject you tell others to study up on. Usually this is evidenced anytime someone says "go read up on the matter" or "do your homework" (implication: "like I do"). How does the Fed "buy" anything? It doesn't have any actual money! It is the source of the word "fiat" in our currency. It creates money out of thin air to buy government debt.
    Jul 17, 2012. 07:48 PM | 3 Likes Like |Link to Comment
  • Intel (INTC): Q2 EPS of $0.54 beats by $0.02. Revenue of $13.5B (+4% Y/Y) misses by $60M. Expects Q3 revenue of $13.8B-$14.8B vs. $14.6B consensus. Expects 3%-5% 2012 revenue growth vs. 4.7% consensus. Shares -2% AH. (PR)   [View news story]
    Too many people still bullish on stocks... most weak shorts have been shaken out, just a few more left. Intel is a great company, but no company will escape the fury of the markets. If S&P breaks 1400, I will admit I'm wrong, but I wouldn't be a strong buyer of stocks right now until the market demonstrates reasonability--good volume and step-ladder style base building.
    Jul 17, 2012. 04:37 PM | 1 Like Like |Link to Comment
  • U.S. Stock Market Complacency On Verge Of Collapse  [View article]

    You have been predicting a meltdown of sorts for the market for what... about a solid 8 months now? all the while the market has melted up! undoubtedly, you have lost your share of bets during this time... however, I have good news for you. This should finally be the week (week of 7/15) that the broken clock can brag about being right, at least a little bit. We're not going anywhere close to your 1050 target, but it should be a strong week for bears.
    Jul 16, 2012. 02:45 AM | Likes Like |Link to Comment
  • Which Way Wednesday: 50 DMAs Face Tough Tests  [View article]
    User, it is you who does not understand or even know how to read. The author CORRECTLY suggests that TA is a necessary evil. He clearly does use it, and clearly has been successful with it! Before you beat your chest, how about you post your trades and positions real-time like the author does? Or are you afraid of being exposed for the lack of success your TA-only analysis has brought you?
    Jul 11, 2012. 01:33 PM | 5 Likes Like |Link to Comment
  • Monday Market Movement: Earnings Not Likely To Stop Downward Slide  [View article]
    Please correct my memory if wrong, but weren't the earnings "beats" of Q1 also mostly based on lowered estimates? Market melted up January thru April based on these earnings "beats"... so what changes this quarter (remember, the bar has been set even lower)?
    Jul 9, 2012. 10:03 PM | 1 Like Like |Link to Comment
  • A check of Fed Fund futures as far out as they trade on the CME shows the June 2015 contract at 99.485 compared to the near-month (July 2012) contract at 99.83. It means traders have priced in just 35 bps of Fed tightening over the next 3 years. Who said Japan's experience won't happen here?   [View news story]
    Yen doesn't have the world reserve currency status the dollar enjoys.

    If that ever changed, then I would have no doubts we would repeat Japan's experience.
    Jul 6, 2012. 02:49 PM | Likes Like |Link to Comment
  • Get Real About Economic Progress  [View article]
    Interesting that with the exception of a small portion of the emails stat, not a single one of those statistics mentioned in the MBAonline reference had anything to do with increasing productivity (as Mr. Miller mentioned).

    The bigger point is that not all technological innovation leads to productivity. At some point, you reach "peak" innovation in terms of how much productivity you get out vs. how much cost (time, money, resources) is put in to maintain the technology. For example, one may argue that in many ways we were better off with fax machines than PCs for communicating simple pieces of information... just think about how much time is spent reparing PCs hardware, software, and malware... and so many businesses have spawned off these things, which on one hand will look like business growth, but did they really add anything to overall productivity?
    Jul 5, 2012. 11:59 AM | 5 Likes Like |Link to Comment
  • June ADP Jobs Report: +176K vs. +136K prior (revised from 133K) and expectations of 95K.   [View news story]
    Bulls will learn the hard way that even if you are right about the economy, you will be wrong about stocks.... I recall one week last summer when employment numbers came in WAY above expectations (the first sign that the employment situation was healing) and then the market tanked and still hasn't gotten back to that peak.
    Jul 5, 2012. 09:29 AM | 1 Like Like |Link to Comment
  • Will Individual Investors Continue To Get The Market Direction Right?  [View article]

    possibly, if it weren't for the fact that volume has been steadily fading into oblivion.
    Jul 4, 2012. 08:35 PM | Likes Like |Link to Comment
  • Best Bullish Signal In 15 Years - What Is This Indicator?  [View article]
    Philip Davis has already made a good counterpoint recently about this "indicator".
    Jul 4, 2012. 08:15 PM | Likes Like |Link to Comment
  • Correction Coming - Yes Or No?  [View article]
    As long as the question is being asked "are we headed for a correction?", then there will be no correction. We may have dips, but then as people jump on the short wagon, there will be massive short-covering rallies.

    All of this should've been evident during the meltup from Dec 20, 2011 all the way thru April 2012. I know from experience because I was shorting every rally only to see it rally more. I had to quit repeating the same behavior and expecting a different result, lest I wanted to be proven insane.
    Jul 4, 2012. 08:08 PM | 2 Likes Like |Link to Comment
  • Automobile sales for June are coming in above expectations (Ford, GM, Toyota, Chrysler) and are strong enough that analysts are comfortably raising their annual industry-wide sales forecast to over 14M vehicles. For comparison, last year the industry turned over 12.8M vehicles and in the midst of financial chaos in 2009 only 10.4M cars were sold. Despite the solid numbers, economists are wary that sales could be related to a demand shock from an aging U.S. consumer fleet, instead of any general improvement in consumer confidence.  [View news story]
    Are they sure it's because Americans aren't stupid and they see the writing on the wall with $5/gal gas prices in coming years? I would be dumping any old gas guzzler right now and trying to find the most fuel-efficient vehicle I can, too.

    Since when were vehicle sales the holy grail indicator of economic health?
    Jul 3, 2012. 12:17 PM | 1 Like Like |Link to Comment