SIRI Weekly Thread 8-10-09

[candleman]

Relmor,Rick over at the fool is being positive again,go over there and spank his butt will you,Geez we are probably heading to that .45 now!!!(JK)

I just checked that out. Thanks Johnny! The FOOL doesn't speak highly of us often. It's nice to see a little change of pace. They have a lot of followers. This could be good news indeed!

[JohnnyIrishXM]

I just checked that out. Thanks Johnny! The FOOL doesn't speak highly of us often. It's nice to see a little change of pace. They have a lot of followers. This could be good news indeed!

NP,Candleman,always good to know how the sheep are being herded IMHO..

Alot of people indeed follow that site,and actually if you follow it religiously you can make money if not an experienced investor..

[john]

John,i'm sure you know this already,but a recession happens at least a year before it is called one and is out of it at least a year before we know it called over and ended.

July 07 i got out of all stock funds and got into high yeild corp bonds and Treasuries funds,only lost 17% in this recession,then took some out and bought this stock last August,saw a much better return than Mutual funds,now i'm in Emerging market fund,have gained 27% since March..

But this idiot is just throwing darts trying to be the right caller of the end...

.

Sorry, but the clear and old definition of a recession is always been 2 negitive quarters of GDP. We see that within 4 to 5 months after the second quarter of negitive GDP because of final revisions. I will agree we dont realize we are out of a recession until we are long out of it. The reason for that is that it takes at least one quarter of positive GDP and that is not releast until the final revision which does not come till 4 to 5 months after it happens.


The fact is the MSM was saying this kind of crap long long long before even the first negitive GDP even came close to happening. The GDP just doesn't drop off the face of the earth it generaly comes in steps towards.

[john]

I just checked that out. Thanks Johnny! The FOOL doesn't speak highly of us often. It's nice to see a little change of pace. They have a lot of followers. This could be good news indeed!

To be fare to Rick he has amost always been a pumper of SIRIXM compared to the rest over at Fool. I think they got a bad taste in their mouths because they recommended XMSR and it tanked making them look stupid.

[JohnnyIrishXM]

Sorry, but the clear and old definition of a recession is always been 2 negitive quarters of GDP. We see that within 4 to 5 months after the second quarter of negitive GDP because of final revisions. I will agree we dont realize we are out of a recession until we are long out of it. The reason for that is that it takes at least one quarter of positive GDP and that is not releast until the final revision which does not come till 4 to 5 months after it happens.


The fact is the MSM was saying this kind of crap long long long before even the first negitive GDP even came close to happening. The GDP just doesn't drop off the face of the earth it generaly comes in steps towards.

I agree on the definition completely,but those who were saying it back then ,3 years as you say,was wise advice,if not early and based on historical bull runs ending,and glad they said it..helped me make my decision,as you know when the Neg quarters come it is too late to get out of investments affected by it...so better early or late than never is my motto...Of course my wife was in the mortgage bussiness and laid off in first wave,so had inside info so to speak...

[bassmaster]

a little T/A of siri , check it out, i hope dr dave doesnt care i posted a link to his chart here from the weekly market thread.. http://siriusbuzz.com/forum/showpost...&postcount=552

[candleman]

NP,Candleman,always good to know how the sheep are being herded IMHO..

Alot of people indeed follow that site,and actually if you follow it religiously you can make money if not an experienced investor..

OK Johnny, I hate to admit this in public....so let's pretend this is private LOL

I check it out daily. It is my source for information on what stocks to swing trade. If the fool calls it a hot stock, it usually is, for at least a few days. I'm not a rich guy, but I'm very secure so to speak. And I actually owe that to stock picks that I've made using the FOOL.

Now, remember that is not public knowlege. The guys on this site would just laugh their asses off at me, and I don't want that

[relmor2003]

If Rick A. at the fool is bullish, then Im a monkeys uncle. I am always suspicious when he is bullish. Dont trust the fool as far as I can throw him. John, hes been backhandedly bullish for months, true. But he always throw in a dig or two, regardless of the topic. ANd he flip flops more than anyone Ive ever seen.

[JohnnyIrishXM]

If Rick A. at the fool is bullish, then Im a monkeys uncle. I am always suspicious when he is bullish. Dont trust the fool as far as I can throw him. John, hes been backhandedly bullish for months, true. But he always throw in a dig or two, regardless of the topic. ANd he flip flops more than anyone Ive ever seen.

Relmor,what do you take from the chart Bass posted?

[JohnnyIrishXM]

a little T/A of siri , check it out, i hope dr dave doesnt care i posted a link to his chart here from the weekly market thread.. http://siriusbuzz.com/forum/showpost...&postcount=552

thanks Bassmaster and Dr Dave.

Not a charter or TA guy,but even i can see the corralations of highs and lows to vol and supports reached and held,looks like a run to .68 to me,but i figured that on Metrics already,just not when...