Bungster Posted January 28, 2008 Report Posted January 28, 2008 We must be near some sort of top, only 58 users here. 640786[/snapback] Definitely in Limbo here.....It just depends on where the Pigmen want to take things.....
I_Am_Madness Posted January 28, 2008 Report Posted January 28, 2008 AXP earnings out tonight. It's going to be wild.
bondtrader Posted January 28, 2008 Report Posted January 28, 2008 AXP earnings out tonight.It's going to be wild. 640789[/snapback] is the consumer all dried up ... that will be a good way to measure.
ChicagoBear Posted January 28, 2008 Report Posted January 28, 2008 Here's the updated chart of FOMC meetings going back to 1999. Red arrows are rate cuts, green arrows are rate increases, and blue arrows are no change. The black arrows point out emergency meetings and rate cuts. (please note that the arrows are as close as I could get them to the actual weekly line, but some may have shifted when it was uploaded. Close enough for government work). A couple of interesting points: during the last bear, the rate cutting campaign was only for 1 year in 2001. Then they basically sat by, with the exception of one rate cut in 2002 and one in 2003. Raising rates didn't start until 6 months after the SP regained its moving averages. Interestingly, I did not know they had an emergency cut on 1/3/01. That was the first cut after the market topped. It was around the 1300 level, which, incidentally, is where we were last week when they did the emergency cut. Hmmm.... Here's what they said in the 1/3/01 statement: "These actions were taken in light of further weakening of sales and production, and in the context of lower consumer confidence, tight conditions in some segments of financial markets, and high energy prices sapping household and business purchasing power. Moreover, inflation pressures remain contained. Nonetheless, to date there is little evidence to suggest that longer-term advances in technology and associated gains in productivity are abating. The Committee continues to believe that, against the background of its long-run goals of price stability and sustainable economic growth and of the information currently available, the risks are weighted mainly toward conditions that may generate economic weakness in the foreseeable future." (bold is my edit - I thought that was funny compared to today)
Speakeasy Posted January 28, 2008 Report Posted January 28, 2008 We've tested the broken trendline and it held. The only decent thing to do is to test the recent low. Of course, by that logic it should ramp to the moon, Alice.
PyurAureo Posted January 28, 2008 Report Posted January 28, 2008 For awhile there as the Quads started their afternoon siesta, I thought that they might try to J-Lo this morning's Lows. Now it looks like they wanna' keep 'em Green for the day.
Lemur Posted January 28, 2008 Report Posted January 28, 2008 Ouch! Pigmen are sure giving me some heat on my KBH short today. No way retail or anybody else can be buying this. I am going to hang in there. They will have to let her go eventually.
Charmin Posted January 28, 2008 Report Posted January 28, 2008 The new ETF for coal stocks KOL may be helping that sector.
potatohead Posted January 28, 2008 Report Posted January 28, 2008 *DJ Senate Finance Plan Includes Tax Break For Ailing Business
cwd Posted January 28, 2008 Report Posted January 28, 2008 Here's the updated chart of FOMC meetings going back to 1999. Red arrows are rate cuts, green arrows are rate increases, and blue arrows are no change. The black arrows point out emergency meetings and rate cuts. (please note that the arrows are as close as I could get them to the actual weekly line, but some may have shifted when it was uploaded. Close enough for government work). A couple of interesting points: during the last bear, the rate cutting campaign was only for 1 year in 2001. Then they basically sat by, with the exception of one rate cut in 2002 and one in 2003. Raising rates didn't start until 6 months after the SP regained its moving averages. Interestingly, I did not know they had an emergency cut on 1/3/01. That was the first cut after the market topped. It was around the 1300 level, which, incidentally, is where we were last week when they did the emergency cut. Hmmm.... Here's what they said in the 1/3/01 statement: "These actions were taken in light of further weakening of sales and production, and in the context of lower consumer confidence, tight conditions in some segments of financial markets, and high energy prices sapping household and business purchasing power. Moreover, inflation pressures remain contained. Nonetheless, to date there is little evidence to suggest that longer-term advances in technology and associated gains in productivity are abating. The Committee continues to believe that, against the background of its long-run goals of price stability and sustainable economic growth and of the information currently available, the risks are weighted mainly toward conditions that may generate economic weakness in the foreseeable future." (bold is my edit - I thought that was funny compared to today) 640792[/snapback] That sounds like ground hog day eight years later. Thanks for the chart. The BSC shill was on CNBS -growth will be 2%. The FED is cutting to protect the stock market. The shills always deny that.
derby Posted January 28, 2008 Report Posted January 28, 2008 Ouch! Pigmen are sure giving me some heat on my KBH short today. No way retail or anybody else can be buying this. I am going to hang in there. They will have to let her go eventually. 640795[/snapback] just joined the fun at 25.80
Bungster Posted January 28, 2008 Report Posted January 28, 2008 *DJ Senate Finance Plan Includes Tax Break For Ailing Business 640797[/snapback] Ailing businesses....bullish
Lemur Posted January 28, 2008 Report Posted January 28, 2008 just joined the fun at 25.80 640799[/snapback] Yeh, will be a lot of stops planted there. I knew that is what the pigmen were after. I just hope they dont gap it up tomorrow to go after the new shorts who will have reloaded there.
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