wpdragon

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    • Fri Nov 21st 11:00 AM | Rating: 0 0
      Commented on:
      Markets Showing Signs of (Some) Bullish Divergence
      Well, so much for the SPX holding.

      However, I agree on the positive divergences and would point to many of the most beaten down stocks on the most beaten down indices as having significant positive MACD divergences vs their October lows. These could have violent snapback rallies once an intermediate term bottom is in place. I would stay away from financials however, notwithstanding the above noted divergences.
      View article »
    • Wed Nov 19th 10:07 AM | Rating: 0 0
      Commented on:
      This Recession Should End in June
      ""but, if it is over by June, can we get our bail out money back?""

      Ha, we'll never see that money again, regardless... just hope the Republicans in Congress don't ask for our stimulus checks back.

      If I had a dollar for every economist, market analyst, broker, pundit, talking head on CNBC who said last winter/spring that we WEREN'T in a recession, accused we the people of being too pessimistic and that if there were one we were causing it by our pessimism, and that the economy would be revving back up with strong GDP growth in Q3 and Q4, I'd be on an island in the Caribbean right now.

      Fact is, everyone on the planet missed this one. And no one appears to have any idea how to stop it.
      View article »
    • Thu Oct 16th 11:25 AM | Rating: 0 0
      Commented on:
      Stability Primer: Keep An Eye On the TED Spread
      Thanks... my two indicators I'm watching are the TED and the .VIX/.VXN volatility numbers... glad to know I'm watching the right stuff.
      View article »
    • Sun Oct 12th 08:33 AM | Rating: 0 0
      Commented on:
      The Party Is Over: The Crisis We Borrowed & Spent Our Way Into
      Peter, great article... unfortunately it'll go down about as easy as the idea that Americans may benefit by losing a few (dozen) pounds apiece... we're big, Peter, and we like it that way... why, its our birthright!

      At least until we're on the gurney.
      View article »
    • Fri Oct 10th 09:16 AM | Rating: 0 0
      Commented on:
      How NOT To Think About Investing
      NoFate, maybe you should give that advice to guys like John Thain.

      Good article Jeff, makes one look for the reason behind the reason.
      View article »
    • Fri Oct 10th 09:03 AM | Rating: 0 0
      Commented on:
      Candidates Are Off Course On Picks For Treasury Secretary
      Obama will go with Rubin or Summers... and Volcker will have a key spot on his economic policy team... that's a pretty damn good brain trust and sure beats the heck out of Gramm/Fiorina/Whitman (good grief!).

      I'd like to see him establish a special financial "crisis" team right out of the gate... not only to take on this current one, but to prevent or lessen the affects of future "anomalies".

      Obama is extremely intelligent, and he will attract brilliant people to his administration... they will hopefully be able to put the policies, plans and procedures in place to avoid these problems BEFORE they get out of control... they can game out various scenarios, have coordinated response processes set up with all other global economic leaders, and most importantly - maintain some reasonable restraint on the cowboys and boy geniuses on Wall Street who think up these schemes in the first place.
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    • Thu Oct 9th 10:50 AM | Rating: 0 0
      Commented on:
      California: Canary in the Economic Coal Mine
      Sig heil CLH... you continue to show your political and personal prejudices.
      View article »
    • Thu Oct 9th 10:14 AM | Rating: 0 0
      Commented on:
      Why the Financial Markets Haven't Responded
      Poor little dumbya looks like a lost little child... he's making fewer public appearances than Sarah the Silent... and they're about tied as far as expressing their total ignorance when they do make those isolated appearances.

      I guess dumbya didn't like the poll numbers and this is his way of getting even.. he'll have his house and fat pension and medical insurance after this disaster, that's all that counts.

      I'll finish with this quote from a great American writer... if you can guess his name you win the prize...

      "The president we get is the country we get. With each president the nation is conformed spiritually. He is the artificer of our malleable national soul. He proposes not only the laws but the kinds of lawlessness that govern our lives and invoke our responses. The people he appoints are cast in his image. The trouble they get into and get us into, is his characteristic trouble.

      Finally, the media amplify his character into our moral weather report. He becomes the face of our sky, the conditions that prevail. How can we sustain ourselves as the United States of America given the stupid and ineffective warmaking, the constitutionally insensitive lawgiving, and the monarchal economics of this president? He cannot mourn but is a figure of such moral vacancy as to make us mourn for ourselves."

      Its time we mourn for ourselves people, for WE did not get here by accident.
      View article »
    • Wed Oct 8th 20:49 PM | Rating: 0 0
      Commented on:
      Trading During This Crisis
      i had a great day of trading today... i watched all my proceeds from my brokerage account swim happily in the clear calm waters of my FDIC insured bank account... cash has been the big trade this past month for me, I've been 100% in it... capital preservation will keep me fully loaded when the inevitable countertrend rally starts... any day now
      View article »
    • Tue Oct 7th 12:18 PM | Rating: 0 0
      Commented on:
      Yesterday's Market: Advantage, Bulls
      Good article Jeff, the sidelines are perfectly acceptable investment instruments these days.

      So far this sucking chest wound market takes from both sides, and unless you're nimble and lucky, don't hold anything overnight.
      View article »
    • Tue Oct 7th 12:07 PM | Rating: 0 0
      Commented on:
      Suddenly Everyone's a Market Expert
      so far the pessimists and bears have been absolutely correct, while the permabulls and denial-aisle guys have been absolutely wrong... until that performance metric changes I'll stay on the sidelines and watch the denial aisle guys get their heads handed to them while they beat their chests and crow that this latest low is the bottom... so far all talk, no action.
      View article »
    • Tue Oct 7th 09:33 AM | Rating: 0 0
      Commented on:
      Opportunity Staring Us in the Face
      Anyone who is so naive as to assign credibility to the myth of "Forward PE's" in this market and economy deserves what they get... more pain.

      But the brokers must love that kind of talk.
      View article »
    • Sun Oct 5th 11:54 AM | Rating: 0 0
      Commented on:
      Signed Rescue Bill Hasn't Stopped the Market's Downward Trend
      Good post ebwjd... that is my analytical view as well. Problem is, emotions in the markets are so out of control right now, TA and FA are going out the window for the time being.

      Cash (and safe cash) is king.

      I would prefer to see a cratering at some point followed by a solid base-building period... but the fundamentals in the world economies are still very far from suggesting that scenario.
      View article »
    • Sun Oct 5th 11:29 AM | Rating: 0 0
      Commented on:
      America's Real Wealth
      So funny, the RNC comes rushing out accusing the "Socialists" of all the problems that Wall Street, Main Street and the ratings agencies foisted on the world, and reiterating their hate (can you say FEAR/RESENTMENT?????) of those European "Socialists" who were dumb enough to fall for their lies.

      Isn't 8 years of this moronic lie enough?

      What a bunch of hypocrites and revisionists of history.... pathetic.

      They're more ignorant than the nitwit from alaska, and that's saying something... but if they keep her penned up on McCant's ranch brainwashing her for another month, well, she'll be close.
      View article »
    • Sun Oct 5th 10:09 AM | Rating: 0 0
      Commented on:
      The Who Knew
      www.youtube.com/watch?...

      This is the end
      Beautiful friend
      This is the end
      My only friend, the end

      Of our elaborate plans, the end
      Of everything that stands, the end
      No safety or surprise, the end
      Ill never look into your eyes...again

      Can you picture what will be
      So limitless and free
      Desperately in need...of some...strangers hand
      In a...desperate land

      Lost in a roman...wilderness of pain
      And all the children are insane
      All the children are insane
      Waiting for the summer rain, yeah

      Theres danger on the edge of town
      Ride the kings highway, baby
      Weird scenes inside the gold mine
      Ride the highway west, baby

      Ride the snake, ride the snake
      To the lake, the ancient lake, baby
      The snake is long, seven miles
      Ride the snake...hes old, and his skin is cold

      The west is the best
      The west is the best
      Get here, and well do the rest

      The blue bus is callin us
      The blue bus is callin us
      Driver, where you taken us

      The killer awoke before dawn, he put his boots on
      He took a face from the ancient gallery
      And he walked on down the hall
      He went into the room where his sister lived, and...then he
      Paid a visit to his brother, and then he
      He walked on down the hall, and
      And he came to a door...and he looked inside
      Father, yes son, I want to kill you
      Mother...i want to...

      Cmon baby, take a chance with us
      Cmon baby, take a chance with us
      Cmon baby, take a chance with us
      And meet me at the back of the blue bus
      Doin a blue rock
      On a blue bus
      Doin a blue rock
      Cmon, yeah

      Kill, kill, kill, kill, kill, kill

      This is the end
      Beautiful friend
      This is the end
      My only friend, the end

      It hurts to set you free
      But youll never follow me
      The end of laughter and soft lies
      The end of nights we tried to die

      This is the end
      View article »
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