Man is everyone disappointed big time. Bernanke has is head in the sand. I don't get this statement at all. We are going to a recession and this guy is worried about inflation. The cuts a drop in the bucket, we blew right through the swiss cheese supports and we are headed down to the 1370-1400 on the S&P. Furthermore, all rallies from here on in will be sell rallies till the subprime mess goes away. I am net short at this time with a 30% cash (as of this afternoon) and a couple of international plays to the long side, along with oil services. The financials got hammered, good thing I took some profits and bought insurance ahead of the FED yesterday and today, it helped a little but I tell I really don't like this market as much as I did before Bernanke dropped the hammer. I took a big hit today like everyone else who was long. Building short positions in any rally.
Tuesday, December 11, 2007
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2007
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December
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- Recap 12/18/07
- Capital Preservation
- Money Flowing Towards Oil Services
- Profiting from Africa and The Middle East
- Crossroads
- Insider Buying
- PPI: Futures
- Pre-market Update
- Bernake: I don't get this guy
- Market Recap: The Fed Blows It !
- Pre-market Update
- Daily Market Recap
- PCR Update
- Merger Mondays: Back Again
- Weekly Recap 12/8/07
- Top Movers Today
- Terex Corp
- Home Builders
- Financial Sector ETF Short: SKF
- Market Recap 12/6/07
- Dow at Resistence
- What is up with this Rally?
- Dow Rolling over
- MICROSOFT
- BEST WAY TO PLAY with CHINA
- RIVERBED
- SVT: Speculative
- Perini Update
- We need to close up 300 points
- FREEPORT Mc MORAN
- RIMM is Killing me
- Stock Market Update: 12/4/07
- SETH TOBIAS
- ITS TIME FOR USO
- What I Want for XMAS
- I LIKE RIMM: MATE
- SKF: Short Financials
- Where is Ben Shalom?
- Joe Battipaglia: I can't believe this guy
- Profit from Gaming
- Benefit From The Agriculture Boom
- Whats up with NAT GAS
- RIMM downgrade: Not so fast
- Prudent Stock: 12/3/07
- Stock Market Week In Review: 11/30/07
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December
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$BPCOMP
Extremely Oversold
Regarding Chart: BPCOMQ
This is the lowest close seen in years, usually a sharp and violent rally follows these moves enhanced by short covering, this is no time to short and start making a shopping list.
Bear-ly Hangin" In dustrials
Dow Graph: 11/20/07
The Dow looks like its fighting for its life here at the level. It's no surprise there was a vicious bounce off the trend line as shown in the chart. Unfortunately, the last time we had that five hundred point reversal day was caused by the Fed stepping in, there has to be a similar event that helps the market or there is more pain ahead. The Fed minutes said nothing the market really liked, we sold off hard and bounced back hard as we hit support. This was just a reflex rally we may have to get one more really painful selloff to get around 12500.
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