Posted:
#51
Just fell under 1270. Last half hour could see some fireworks.
JULY STOCK TALK
Posted:
#54
Quote Originally Posted by wallstreetcappers:
Koaj,
Steel, coal, fert, all of them giving it back.
Check out JRCC, down 10 bucks today or 20%.
Damn they are selling it again last hour..wheels are spinning and 1270 is close.
Koaj,
Steel, coal, fert, all of them giving it back.
Check out JRCC, down 10 bucks today or 20%.
Damn they are selling it again last hour..wheels are spinning and 1270 is close.
i tell you it could be institutions booking 1H gains
there's no fundamental reason to sell any of the above 3 outside of booking profits
Posted:
#55
Arch coal was down 15% at one point today...and yeah I saw DRYS getting hammered again.I have bought as much of it as I can reasonably load up on, those numbers are really incredible...if it is not a bleak assessment of the likelihood of a serious world recession, then something is truly up with that stock
Posted:
#59
This is crazy. I sold off all my personal stocks two weeks ago. Saved a lot of money so far since i did..
I just put in today to sell off my Mutual funds in my IRA. I am going to probably just keep my stock money in my money market account for a while, but i am wondering what i should invest in for my IRA. Its not much, but i started with $2000 and is down to $1,800 and was thinking of putting it in a good dividend stock. Im only 29 so i have a few decades to go before i can access it, but was thinking of putting it in one of these companys.
Pfeizer
Wells Fargo
Bank of America
Citi
I really like PFE and WFC as they fluctuate with the market whether there is good or bad news and both have good dividends. I like BAC and C as they have good dividends (right now) and should rebound back in a few years. Any thoughts on what i should do? Any other good dividend paying stocks i should think about?
Posted:
#60
Quote Originally Posted by claycourtlesson:
If SPY is up at open, am going to take money and bail out. Don't feel like getiing whipsawed all day long in short-covering/selling ahead of a Thursday NFP report, which everyone and his dog know will be horrible.
Have a good one, people.
Bailed at open. Got lucky. Now got some money to play tomorrow.
Posted:
#61
Quote Originally Posted by MuEagles79:
I don't get it...the private sector job report sucks....factory data blows...oil up...and the markets rise?
what am I not getting about this picture?
Look it up.
Called "buy the rumor, sell the fact."
Ever heard of "short covering rally?" Maybe not.
In any event, have a nice evening.
Posted:
#62
Quote Originally Posted by wallstreetcappers:
Grinder,
I added some IMB today, just to let you know.
Grinder,
I added some IMB today, just to let you know.
OH man I was so close to, I was staring at the ticks and couldn't make a decision, I then said If it ticks up on next order I will buy. It happened to tick down. No buy. Sounds so dumb but it is what it is. Meanwhile my almost double in drys sept 90's is now at a loss. Im also on margin now so limited on buying power depending on the stock of course. never thought i'd be in this situation. No crying though, take the good with the bad. LCC should free up some cash, if I am lucky enough to get called away on those 10 2.50's I sold.
Posted:
#63
Oil at 145 and heading north, won't make the $150 in all likelihood by July 4, but close enough for government work.
Record oil, the likelihood of an interest rate increase in the near future and the grinding to a major slowdown in world trade does not bode well for things.
If one contemplates a protectionist oriented Congress, higher real inflation (whether or not it is actually counted by the Fed) and an administration ready to raise taxes in the US, hard to look ahead and say the word "buy" ..unless it is an inverse fund.
Record oil, the likelihood of an interest rate increase in the near future and the grinding to a major slowdown in world trade does not bode well for things.
If one contemplates a protectionist oriented Congress, higher real inflation (whether or not it is actually counted by the Fed) and an administration ready to raise taxes in the US, hard to look ahead and say the word "buy" ..unless it is an inverse fund.
Posted:
#65
But if we do so, you are going to really really deepen the recession and essentially slam things in reverse after having tried to stimulate the economy with the meaningless stimulus checks.
The European and US central banks HAVE to get on the same page regarding the dollar/euro relationship.Trichet may be narrowly right about raising rates vs inflation, but in the greater scheme of things, I am not sure he should do anything but stand pat.
Posted:
#66
PS
If Obama presides over a Carter like period of "malaise" and serious serious stagflation (15% prime rate? have fun Barrack!!!), he may experience change no one believes in...
PS Got the Williams sisters in parlay today bro, still awaiting outcome of Schuettler match (had to go with the old guy there, but either one is slated for departure)...Rafa is going to cakewalk his way in to the finals.
Posted:
#67
Vermeer-
Yeah, EU and US had better get on the same page right f--ing now.
Beware of Dementieva, man. I know her serve sucks and everyone is hyping Venus, but I have seen Dementieva in this type of situation come through plenty of times. Her serve sucks, but her return game is superlative. The rainy weather should help Venus, though, cause Dementieva is most lethal when the surface is fast and her ground attack can absolutely singe. Can't see Queen Booty losing to Jie unless she gets hurt, but that Venus line is an atrocity.
Posted:
#69
Read ya on Venus and trust me the $$ in that arlay are very small...
It is asking a lot of Europe and the US to be on the same page.It is also asking way too much to expect people who dislike us (ie most of OPEC) to give a rats ass what the impact of their pricing does to the world economy.
Ignorance and fantasies are both expensive.America has been indulging in both regarding energy my entire life.
Posted:
#75
Just a reminder of the "good old days" that yup, I got to experience....when I essentially recounted these facts to the knockout 30 year old who occasionally works with me, the look on her face was priceless....
a lot of people forget what the energy crisis of the '70s was like. Let me remind you: The price of a barrel of oil shot up 400%. Long lines formed at gas stations practically overnight.
Folks had to pay four times as much for a gallon of gas, and there came a week when one out of every five gas stations in the United States had no gas to sell at any price.
The U.S. had three major recessions within 10 years after the first oil crisis in 1973. And those recessions were deep, with double-digit unemployment, double-digit interest rates and double-digit inflation.
Think 10–12% unemployment.
Think 15–18% mortgage rates.
Got the picture? That was the ‘70s. Not fun. My take is that a similar crisis will rock the nation before we solve our problem with clean coal, liquefied natural gas, oil from tar sands, high-mileage cars and safe nuclear plants.
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