Friday, July 27, 2007
Here We Go Again
Oil stocks are being murdered, despite robust per barrel prices. This tells me, someone wants to raise cash--in a very big way.
Don't forget, the finanacials are the bread and butter of many funds, representing the largest asset class in the S & P. It makes sense, if you are getting poleaxed in GS, BSC or LEH, to raise cash, via selling VLO, XOM or TSO.
So, with that being said, it appears the market is up for a little capitulation action.
In other words, get ready to take a few stabs to the scrotum.
Don't forget, the finanacials are the bread and butter of many funds, representing the largest asset class in the S & P. It makes sense, if you are getting poleaxed in GS, BSC or LEH, to raise cash, via selling VLO, XOM or TSO.
So, with that being said, it appears the market is up for a little capitulation action.
In other words, get ready to take a few stabs to the scrotum.
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Fly,
At these current levels, do you think it'd be wise to switch teams and be the stabbers to the scrotums rather than get ready to be stabbed in the scrotum (via some inverse ETF's for a quick trade?)
At these current levels, do you think it'd be wise to switch teams and be the stabbers to the scrotums rather than get ready to be stabbed in the scrotum (via some inverse ETF's for a quick trade?)
Broker, I gave my 75 year old broker a couple mercy orders this year on some queer mutal funds-- I think he won a cruise or hot tub.
Anyway they are both down 10% in two days. Finanacials will fuck the market. I guess there will be some sexy tape here shortly.
Anyway they are both down 10% in two days. Finanacials will fuck the market. I guess there will be some sexy tape here shortly.
this ain't no plain vanilla selloff ... gonna have to end ugly .. even uglier that it has been & currently is
close off the lows, rally monday, capitulation tuesday?
what the hell .. i'm bored & entertaining myself ... i think I'll take the rest of the day off .. or jump in the ocean
what the hell .. i'm bored & entertaining myself ... i think I'll take the rest of the day off .. or jump in the ocean
Doug Kass
Goldman Sachs Having a Good Quarter So Far?
7/27/2007 11:19 AM EDT
Could be important.
I am hearing from several of my hedge fund cabal -- buddies/pals/friends -- that Goldman Sachs' (GS) quarter is shaping up well thus far.
I am buying more GS and iShare Dow Jones U.S. Real Estate (IYR) now -- along with a position in Target (TGT).
Position: Long GS, IYR and TGT
Goldman Sachs Having a Good Quarter So Far?
7/27/2007 11:19 AM EDT
Could be important.
I am hearing from several of my hedge fund cabal -- buddies/pals/friends -- that Goldman Sachs' (GS) quarter is shaping up well thus far.
I am buying more GS and iShare Dow Jones U.S. Real Estate (IYR) now -- along with a position in Target (TGT).
Position: Long GS, IYR and TGT
pretty tough when there's only two kinds of stocks: the ones that are crappy and the ones that are a source of funds. hedge city.
LEH looking good for a bounce on a rally. I have no idea but the put-call ratio has to be a joke. I'm assuming we are good for one good short covering rally before the day is out. Only TradeBot knows how the day ends and he isn't talking.
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