November Stock Talk II Greed is Good

I am puting my foot down and calling for some upwards momentum

Getting gutted in the stock market is

FANTASTIC

Best Buy with their shity sales and forecast can't stop us.

We are going higher today

use the skf as your best barometer of the overall market

chart

on election day i saw the SKF was at 115 or so and figured something would happen or there would be a momentum shift to push that back to the 160-170 level

it did...just as it gets close to 190 or so in the next few days it will be the bottom of any near term trading range...of course without the influence of any outside events

Down almost 300 now

Shouldn't the Circuit City BK be good for Best Buy?  Eventually eliminates their main competitor.  A lot of people go to either BB or CC, now (or after CC goes bye bye) they will just go to BB.  Am I wrong on this?

CC has been close to a non factor for years now

But the CC issue doesn't matter if no one is buying anything.  That was the issue today, although it really shouldn't have been a surprise.  All you had to do was go out to a mall in the last two months and you would have seen that things were WAY off.  Wall to wall doom and gloom will have that effect on the sheeple

Is everybody wearing their rally caps?

Once everyone puts theirs on we will head up, so put the fuckers on already

I dont think many people believe the rallies, I sure dont. They try early and smash it down into the close.

The news today about the toxic stuff not being absorbed isnt making the markets happy, and the KBE (banking index) is near a low again.

not wrong but what if they dont go anywhere?

or maybe that Bald and the Beard dont know what they're doing

and if they're running the show and dont have confidence in their plan why should anyone else

"Get back in there and sell Wilson!!!"

Well the market is in sh!t mode and has been since the election, they are starting to warm up the selling maching yet again.

Funny stuff, still stocks out there that are overpriced by 40% or so..mainly GOOG, AAPL, ISRG, stocks with high PE ratios in a consolidating market.

keep cash on the side wall...

companies like mcd, wmt, tgt will thrive in a shit economy and be better once we get out in 5-7 years

Ugh, somebody burn this thread

I tried to slump bust it, I failed

Someone else start a new thread, a winning thread

Koaj,

MCD isnt one I would own, they are going against tough comps next year and that venture into full serve coffee is a terrible decision ROR wise.

Locally they keep raising prices as well. At 54 bucks I wouldnt touch MCD.

TGT and WMT are experiencing slower growth, and arent safe havens to me either.

I guess if I would be buying for safety I would look at tech like CSCO or MSFT.

Why is the VIX "only" at 66?

Its up less than 5 today, on a down 400+- day

AK Steel down 25%.

This is getting insane.  

400+ loss today on the DOW

Ouch

d2 - i would stay away from steel names...a TON of hedge fund ownership. its a very crowded trade

nat gas will be nice soon enough,...CHK/SD are good names

beyond that, i dont like anything outside of the healthcare world and i wouldnt recommend anyone buy anything unless you are dollar cost averaging for the next 20 years

The nice thing about a stock like DRYS getting beat down to the 8-9 range is that 10% drops don't hurt as much anymore because its only about $.90.  Better than the days when that meant $5-$8.

If memory serves did not some honcho at CHK get forced into liquidating a load of shares? Or am I thinking of another incident??