I am creating this new thread for daily comments on the market. I know that I have been posting a lot of non-related SIRIUS comments in the Intraday Forum, so I will be posting here. Feel free to post your thoughts here.
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I am creating this new thread for daily comments on the market. I know that I have been posting a lot of non-related SIRIUS comments in the Intraday Forum, so I will be posting here. Feel free to post your thoughts here.
Only last night everybody was all worried about Bank of America...it was going to be another dismal day...now their bacon is getting saved and everything is roses and the futures are up! Monday is MLK day and B.O. is going into office.
The big stimulus package is getting passed....thank you Barney Frank! (The same guy that helped murder the economy). He says spend, spend, spend and don't worry about the deficit.
It is only $825 Billion, chump change. I wonder if they have ever heard of inflation? We will need a wheelbarrow to carry enough money to buy a loaf of bread.
Just print the money, don't worry about it being backed up. We can take care of it later. Do you honestly think they will take back the money later?
They just don't get the fact that it is bad credit management that got us into this mess in the first place. I am amazed that we have 500+ Congressman that can be so damn stupid!
I am not being negative or complaining, but I am just observing. What ever it takes to avoid some discomfort and sacrifice is what amazes me. Everything in Washington is done on a knee jerk response. Our forefathers are probably rolling over in their graves. They did things a little bit different...they used to debate issues ahead of time and meet a mutual consensus about what was best for our country.
Next Tuesday, I want my free health care; a chicken in my pot, 27 virgins and our SIRI stock to be at $1.50. :)
what im hoping to see from obama is simple, making the best choices for the country despite of political leaning, not being a complete tard like bush, a more diplomaticly inclined foreign policy, more regulation of our finanial industries, removal of things liek golden parachutes, hopefully a tax cut for small business's and individuals who need it the most, and the big one legalizing marijuana hah
First of all, I loved the ending line there, it was too funny! I hope that you get your pot. It is safer than driving and talking on a cell phone. I made it alive through the 60's and 70's and there is nothing wrong with me, nothing wrong with me, nothing wrong with me..
Now I just drink Maker's Mark (unlike the moonshine I used to drink that tasted like kerosene).
Ya, tripping, I agree with all that you had to say.
I am going to look at the charts tomorrow and try and verify what I think about this supposed rally around B.O..
You know, right at the moment I don't see a rally really building. I am going to run some numbers and check some charts and other stuff. I know that we have had a hell of a financial time here the last few days and some of it was remedied, but I just don't see the momentum.
Everything was all ready overbought and now it is oversold and people are waiting for a bump so they can start shorting again...so I am going to do some investigating this weekend and will make a prediction before Monday.
All of you prediction fans tune in this weekend and see how bad I screw the prediction up for after the holiday!
Have a great evening.
*** Have a great day investors and may your aim be true!***
yeah i tryed to keep it short, i could of gone on all day on what i hope he does lol
I don't think any momentum in the world could beat down the rally that comes Tuesday and Wednesday with Obama taking office. The whole world knows that it is time for a change, and the market will rally because Obama is that change.
I don't think the rally will last, and will probably give back all the gains by Friday, but it might make for a good short term trade.
Yep, Newman, short term at best is my prediction also. I am going to do some research today and try and make a better prediction, but I really agree with you so far.
Being a DC local, I am also excited about the Obama inauguration (but this town is going to be 5 times more disasterous than Bourbon Street at 2am during Mardi Gras).
I am also hopeful that the changes Obama wishes to initiate will work, but the math behind the promises confususes me. Aren't we now just going to be printing a ton more de-valued US Dollars, create an infrastructure of new jobs, which currently don't exist....probably for good reason, while the real nitty gritty of GUARANTEED tax cuts and MANDATORY bank lending to the consumer and to businesses like SIRIUS, which would really stimulate the economy are being left to the wayside. Am I seeing this picture wrong???? I'd love some feedback to help me become more of an optomist!!
I am very hopeful in Obama and his plans.....but at the end of the day, he is only a man (hough a great one) and his plans need to be ratified by a stingy and partisan divided House and Senate.
Let's just hope that they can all play nice in the new Capitol Hill sandbox and get this worlds economy on the right track.
Enjoy the long weekend folks.
-Whynot
http://abcnews.go.com/Video/playerIndex?id=6624066
here's an interview he did recently, get a chance to hear what he's planning some more i hope, i have yet to watch it though.
I moved this to Obama Honeymoon Rally Predictions thread.
Thanks,
Bill
http://www.marketwatch.com/News/Stor...ket%20Snapshot
"Stocks brace for new President amid earnings deluge"
"NEW YORK (MarketWatch) -- The inauguration of President-elect Barack Obama might be the only boost for Wall Street next week, as a deluge of what are expected to be mostly bad corporate results and fresh reports on the state of the housing market starts pouring in."
This article is dated the 16th of January and is worth the short read.
yeah im hoping investors will ingore the bad news as it is probaly already been priced in. I think the market is headed for a HUGE rally this week. I'm not some1 who does alot of technical analysis but from what ive seen this month it seems like things are oversold, and heading for a rally. Dunno if it will start tuesday, but by friday we will be up quite a bit for the week. Anyway figured id throw my pred out there :), even though its not a very technical one.
http://www.marketwatch.com
Futures are down and Chrysler gives away 35% of its company to FIAT after we give them 4 Billion dollars, not to mention U.K. and Asian Banks fell.
Link is above
http://www.marketwatch.com/news/stor...-66BC92C0B31B}
Banks battered as sector matches worst day ever
By Greg Morcroft, MarketWatch
Last update: 4:21 p.m. EST Jan. 20, 2009
Comments: 717
NEW YORK (MarketWatch)-- U.S. financial stocks plunged Tuesday, falling almost 17% to match their biggest percentage decline ever as investors panicked at the likelihood that there is no end in sight for the sector's need for capital, and no easy way to raise it.
For investors who might have thought the worst was over after the nation's big three banks aired some dirty laundry last week, Tuesday provided clear evidence that the horror show continues......
Check it out at the link above.....
I am waiting to see if the S@P drops another 300 before any capitulation.
Don't ask why, but if this happens I will be going long on every stock I can buy. The sooner the government gets out of our way the better.
Have a good night everyone, I am done!!! :) Happy trading too!!
i totally hope i am too!!! lol
damn this sscc i should of never got it, its ruining all my fun
Laughing with you.....oh well, sell it at a loss and put it somewhere else....like...SIRI?? ;)