Hope you are right...but I am not taking too many chances.
It is already here in this region...maybe, but I doubt, we are ahead of the curve. DC and its nauseating perpetual growth always distorts Va stats anyway.
Hope you are right...but I am not taking too many chances.
It is already here in this region...maybe, but I doubt, we are ahead of the curve. DC and its nauseating perpetual growth always distorts Va stats anyway.
Should be another entertaining week in the liar's poker room at the stock market casino.
Here is my tip for you trader people this week......do the opposite of what you expect to happen......you'll end up being right more times than wrong......that's the way a skittish, nervous, frightened market works----it f---s over everyone playing the "percentages."
Should be another entertaining week in the liar's poker room at the stock market casino.
Here is my tip for you trader people this week......do the opposite of what you expect to happen......you'll end up being right more times than wrong......that's the way a skittish, nervous, frightened market works----it f---s over everyone playing the "percentages."
The Fed announced it will respond to
"heightened pressures in money markets for funding through year-end,"
with a series of repurchase agreements that are more long-term than
usual. The first, announced Monday, is an $8 billion, 52-day operation.
Details and timing of additional operations through the rest of the
year are not yet available. Typically the Fed puts liquidity into the
system in 14-day increments.
"Given the high level of attention focused on the coming year
end, we hope to reassure market participants of our commitment to
providing sufficient balances at that time by starting to provide those
balances now," said a Fed official.
The Fed announced it will respond to
"heightened pressures in money markets for funding through year-end,"
with a series of repurchase agreements that are more long-term than
usual. The first, announced Monday, is an $8 billion, 52-day operation.
Details and timing of additional operations through the rest of the
year are not yet available. Typically the Fed puts liquidity into the
system in 14-day increments.
"Given the high level of attention focused on the coming year
end, we hope to reassure market participants of our commitment to
providing sufficient balances at that time by starting to provide those
balances now," said a Fed official.
am keeping SKF GLD BRKB and some oils...otherwise, forget about it.And I don't care what retailers report...home sales reports later this week will add to the negativity. It will be a bad week methinks.
am keeping SKF GLD BRKB and some oils...otherwise, forget about it.And I don't care what retailers report...home sales reports later this week will add to the negativity. It will be a bad week methinks.
If you have ANY faith in HOKU to the deals they are signing to supply the silicon, then this stock is probably undervalued by 10 times its current price.
Today they signed a 300M supply deal over a 8 yr span. I cannot keep up with how many they have but I have to say with confidence they have signed over a BILLON in deals spanning over the next 8 yrs or so.
With a market cap of 140M or so, I think the street is no thinking these deals follow through.
If you think they WILL follow through then even at this price the stock is a steal longer term.
Here is a comment to throw out.
If you have ANY faith in HOKU to the deals they are signing to supply the silicon, then this stock is probably undervalued by 10 times its current price.
Today they signed a 300M supply deal over a 8 yr span. I cannot keep up with how many they have but I have to say with confidence they have signed over a BILLON in deals spanning over the next 8 yrs or so.
With a market cap of 140M or so, I think the street is no thinking these deals follow through.
If you think they WILL follow through then even at this price the stock is a steal longer term.
I am kicking myself in the ass personally for holding onto Comcast options (March)..violating a rule I almost always adhere to, never let a trade turn into an investment...
I am kicking myself in the ass personally for holding onto Comcast options (March)..violating a rule I almost always adhere to, never let a trade turn into an investment...
I am also long CRDC for the long haul, and MSFT...and I am not worried at all about the latter. CRDC is a speculation, but a rather solid one.
Can conclude that there will be a rate cut?? I suspect a substantial one, at least 50 basis points. The Fed can only throw money at the problem, and they are going to throw plenty of it.
If so, oil will easily go over $100 a barrel, and well past it. People aver that "speculators" are responsible for the current price of oil.If so, they seem very reasonable speculators, given the thought that the Fed will cut, despite all the reasons against it.
Unfortunately that does not bode well for the value of the USD. But they have painted themselves into a corner.
Hang in there CC...
I am also long CRDC for the long haul, and MSFT...and I am not worried at all about the latter. CRDC is a speculation, but a rather solid one.
Can conclude that there will be a rate cut?? I suspect a substantial one, at least 50 basis points. The Fed can only throw money at the problem, and they are going to throw plenty of it.
If so, oil will easily go over $100 a barrel, and well past it. People aver that "speculators" are responsible for the current price of oil.If so, they seem very reasonable speculators, given the thought that the Fed will cut, despite all the reasons against it.
Unfortunately that does not bode well for the value of the USD. But they have painted themselves into a corner.
The problem is that people won't capitulate. In bear markets like this one, people just hang on and hang on and hang on. A bear market lasts usually for around 2 years, and it doesn't end until people throw in the towel. This bear market, I will say, began in late July, and it probably won't end until people capitulate in July 2009.
So from now until then, it's a slow grind down with extreme short covering spikes.
Won't shock me one bit if this market takes a vicious whipsaw when Scholar Ben cuts in December.........and the spike will be so powerful and strong that peeps will swear the bear market is over.......WRONG!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
So we're in a game of attrition.
I'm fine, Vermeer......just venting.
The problem is that people won't capitulate. In bear markets like this one, people just hang on and hang on and hang on. A bear market lasts usually for around 2 years, and it doesn't end until people throw in the towel. This bear market, I will say, began in late July, and it probably won't end until people capitulate in July 2009.
So from now until then, it's a slow grind down with extreme short covering spikes.
Won't shock me one bit if this market takes a vicious whipsaw when Scholar Ben cuts in December.........and the spike will be so powerful and strong that peeps will swear the bear market is over.......WRONG!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I agree as above to both notions. I am just trying to forecast what things we can be reasonably safe presuming (not assuming!!) and their likely consequences.
After all, the only thing that matters is being on the correct side of the movement, up or down.
One thought that occurred to me (perhaps a bit late, given the news on the latest investment in Citi) is that the US government cannot afford to let Citi go under.No way. Yet it stands a decent chance of being so threatened.
Now is it relatively safe to buy C at anything under 30 on such an assumption.Or is that folly? Under 30, it looks attractive in so many ways, I wonder...
We are so far only in a correction (-10%). I think the bear begins after Chrsitmas, with a false bump up from bogus retail reports. I had planned to sell into such a dead cat bounce up, then bail.
The fact that the Fed cuts rates and LIBOR stays up indicated the limits of Fed ability to change the course of events.Scary.
Lastly, housing data will continue to be awful. So who makes money out of such a mess?
I agree as above to both notions. I am just trying to forecast what things we can be reasonably safe presuming (not assuming!!) and their likely consequences.
After all, the only thing that matters is being on the correct side of the movement, up or down.
One thought that occurred to me (perhaps a bit late, given the news on the latest investment in Citi) is that the US government cannot afford to let Citi go under.No way. Yet it stands a decent chance of being so threatened.
Now is it relatively safe to buy C at anything under 30 on such an assumption.Or is that folly? Under 30, it looks attractive in so many ways, I wonder...
We are so far only in a correction (-10%). I think the bear begins after Chrsitmas, with a false bump up from bogus retail reports. I had planned to sell into such a dead cat bounce up, then bail.
The fact that the Fed cuts rates and LIBOR stays up indicated the limits of Fed ability to change the course of events.Scary.
Lastly, housing data will continue to be awful. So who makes money out of such a mess?
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