Thursday, August 02, 2007
Sector Spotlight: Brokers
This is exactly the type of market action needed, in order to form a sustainable bottom. Let it just meander, ho hum, for a week or so. Then BAMM, inject it with steroids, via good economic data, and tell it to go hit a few homeruns.
Thus far, defense, biotech and homebuilders are leading the way. Also, keep note of the treasuries. Yields are creeping back up again. Perhaps the doomsday scenario is losing some traction.
At this stage, it makes sense to take profits on recent buys and preserve capital. As you know, before the market can really giddyup, the fuckers from CNBC will demand it "retest the lows." It's sort of a last ditch propaganda effort, by the bears, to cover their positions--before the market annihilates them.
Right now, the direction of the market is being dictated by the brokers. Therefore, keep an eye on LEH, LAZ, MS, GS, BSC and MER.
With my money, I will buy MVIS and MCHX, today. Quite frankly, I don't get why MCHX is down so much, without respite.
Additionally, now that JJ the clown is out of SWC--it will probably head north. Just a hunch.
NOTE: This weekend, I will be going on vacation, until mid next week. In the meantime, my "Supreme Weekend Blogger" will take the reins.
EMERGENCY UPDATE: SWC is a "Super Strong Sell." Thanks Mike.
Thus far, defense, biotech and homebuilders are leading the way. Also, keep note of the treasuries. Yields are creeping back up again. Perhaps the doomsday scenario is losing some traction.
At this stage, it makes sense to take profits on recent buys and preserve capital. As you know, before the market can really giddyup, the fuckers from CNBC will demand it "retest the lows." It's sort of a last ditch propaganda effort, by the bears, to cover their positions--before the market annihilates them.
Right now, the direction of the market is being dictated by the brokers. Therefore, keep an eye on LEH, LAZ, MS, GS, BSC and MER.
With my money, I will buy MVIS and MCHX, today. Quite frankly, I don't get why MCHX is down so much, without respite.
Additionally, now that JJ the clown is out of SWC--it will probably head north. Just a hunch.
NOTE: This weekend, I will be going on vacation, until mid next week. In the meantime, my "Supreme Weekend Blogger" will take the reins.
EMERGENCY UPDATE: SWC is a "Super Strong Sell." Thanks Mike.
Comments:
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Can I go ahead and edit your spelling error in the above post, since I'm taking the "reigns?"
Maybe you were making a pun about my sovereign authority?
Maybe you were making a pun about my sovereign authority?
JJ The clown may be playing us with a little reverse Psychology.
I checked the SWC Yahoo message board looking for the "bad News" that JJ was talking about. Every thread was JJ speculating and pumping as usual.
The guy is a huge clown, but his call to short AAPL two days after earnings was a good one.
I checked the SWC Yahoo message board looking for the "bad News" that JJ was talking about. Every thread was JJ speculating and pumping as usual.
The guy is a huge clown, but his call to short AAPL two days after earnings was a good one.
Fly, special request: Would you mind identifying some fucktardedly oversold financials that have low exposure to shitty mortgages? Also, MRO is getting it's anus torn out today. Your take?
Noted.
While my posts maybe be fucktarded and full of squiggly lines, at least you can rest assured knowing that grammar and spelling will be empeckible.
While my posts maybe be fucktarded and full of squiggly lines, at least you can rest assured knowing that grammar and spelling will be empeckible.
That was me (wait, who am I anyway?) posting the JJ comments, pretty funny don't ya think? The internet is a whimzical world of non-tangible fun! I'll put one more up just for kicks.
I just bought back my SWC, now there is talk of F buying stock piles of Palladium again so GM won't get there hands on it, the government will then fine GM for not having catalytic converters in their cars. Sounds like a plan, back in SWC.
Post earnings runups...
GRMN to $100
CMG to $100
heck, I'll even say NVT to $100.
...this kind of action will lead us higher.
-gio
GRMN to $100
CMG to $100
heck, I'll even say NVT to $100.
...this kind of action will lead us higher.
-gio
It appears to be gaining momentum from this week's news. Some hedge fund with a lot of cash trying to suck you in and leave you holding the bag. JMHO
Those imposters are dog fucking losers. I have never sold my SWC positions, you moron. Who fucked with my blog, eh? It's now back to working condition.
A bunch of money losers!
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A bunch of money losers!
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