[7:17am ET] Happy Easter! This is a five-year anniversary for the blog, starting with TraderWizard.com until mid-December 2004, then to BillCara.com, and finally to CaraCommunity.com in 2008, where it shall stay because this is a free blog for the community.
BillCara.com will soon become a web portal for access to (i) the community blog, (ii) Trader Wizard commerce site (conferences, books, Vad
What is it when individuals pool their resources or risk together, uh, “collectively” and deploy their capital together? Like banks. How about when individuals pool risk in businesses called insurance companies? These current models have attributes and faults of both capitalism and socialism, yet we accept them as capitalist ideas. In fact they are no different than government. The trouble isn’t the systems per se as we have hybrids of each and somewhat successful models of each. Clearly it is in the management and vulnerability of the systems to undue influence from extremes. The hybrids seem to work alright. I’ll… Read more »
Does pre-market trading in Canada not exist?
Presently looking at a blank screen, against busy activity already in the US
No ‘pre-market’ in Canada.
There was a scandal after the nasdaq crash in mutual fund trading after hours, where mutual fund positions were adjusted to better reflect a trader’s whims to the disadvantage of fund holders, so my guess is that you won’t find any trading during market close.
Well, what do ya know, I’m still locked out of America and its markets…
found some leveraged ETF’s on other markets. Here’s a list appropriately marked by Canadian/English flags to denote foreign leveraged ETF’s:
http://etf.stock-encyclopedia.com/category/leverag…
Platinum on the UK exchange might be interesting, among others.
“Well, what do ya know, I’m still locked out of America and its markets…”
We all are Les, whether we know it or not!
huh – still, would be nice to play the BS game your leadership shovels you…
Monday financial blogs are all bullish.
For reasons of BS, banks will write up assets, get away with this and carry the market.
http://finance.yahoo.com/q/b?s=C
Futures are slightly negative right now, oil is down and gold up – some kind of pullback makes more sense after a 16% rally. However, I have to agree on the week ahead – bullish seems to be the current trend. I’m thinking my SKF buy on Friday was probably premature. 🙂
I think I’ll put in a limit order to sell and hopefully I will make some money if there is serious profit taking at the open.
Does anyone have an ETF for Hong Kong worth looking at? I wouldn’t mind adding a small China amount of china to the portfolio, built around Hong Kong and the likes of the report Bill attached on the weekend – the small cap mainland HAO ETF or something similar.
EWH from the I share family. I believe it is the most liquid of all etfs. They have an ETF for almost every country at I shares. Check out their web site.
stupid me, I just inputted all those equity ETF’s into my bestfreecharts.com for daily scanning.
thanks.
I use both google and yahoo for my watch lists. One thing i like about google is they have the name of the equity next to the symbol which helps the confusion if you have a poor memory or your in the heat of the battle trading. I have not seen best free charts yet. I will check it out.
gold held steady at 880 and is slightly up. Gonna get bashed today or incrementally creep back up?
This is it. The week the banks pull out all stops to shed the s%&t that clings to them and attempt to shine.
With my limited trading capacities, I’m going to buy the weeks end XLF 11-10 straddle. I’m hoping for best case scenario of a drawback in financials opening the week and a surge as the BS lets fly towards the end. That would make both sides of the straddle profitable without selling intraday.
We shall see. GL today.
Corner Store, Community. No chuckle, no LOL or LMAO. I thought my socialism and especially my CAPITALISM definition were quite funny. This is too serious tonight. You capitalist need to loosen up or I am going to take my jokes to the Daily RED Socialist Commie Equities Trading site. Seriously I could go into a Manifesto size post alla Kamiu going into the intricacies of economic, political and cross sections between the two for the numerous systems of social order. A little Hobbs a little Locke, a lot of Karl, some Lenin, maybe some Gompers. Che anyone? I am sure… Read more »
http://tinyurl.com/cecegy
“The Treasury Department is directing General Motors to lay the groundwork for a bankruptcy filing by a June 1 deadline, despite GM’s public contention that it could still reorganize outside court, people with knowledge of the plans said during the weekend.”
http://tinyurl.com/dbkger
http://tinyurl.com/dn26px
For what it’s worth, Decision Moose went from gold to cash on Friday. Not sure I’m ready to give up on my PMPIX but the ole Moose has been pretty accurate.
Capitalism vs. Socialism. Is this another ‘decision’ we get to vote on like Republican or Democrat? The biggest Capitalist ‘roaders’ I know are Chinese.
Thanks Bill for another great week in review!
Ditto, the most informative and interesting piece I’ve read in days! Thank you for sharing!
Excerpt: “Mr. Silver says of the coming tax hikes: “We’ve done it before. There hasn’t been a catastrophe.” Oh, really? According to Census Bureau data, over the past decade 1.97 million New Yorkers left the state for greener pastures — the biggest exodus of any state. New York City has lost more than 75,000 jobs since last August, and many industrial areas upstate are as rundown as Detroit. The American Legislative Exchange Council recently said New York had the worst economic outlook of all 50 states, including Michigan. And that analysis was done before these $4 billion in new taxes.… Read more »
Which, btw, is 6 years of gains @ the ‘standard’ 7%/year commonly quoted for stock market returns…
…In one of the few times they get to lead.
Mark- Then the opening got bought, as it is now down only 16 points:
http://www.nni.nikkei.co.jp/e/fr/freetop.aspx
Yep, I saw that. You’ve been following the Nikkie a lot longer than me. The intra-day sings are amazing. Typical? I’m glad we don’t have lunch breaks.
I don’t know if it’s typical, but what reason(s) are there right now for a sell-off? It’s been nothing but bad news since October.
“but what reason(s) are there right now for a sell-off?”. None that I see, but give me an hour and I’m sure I can “worry” some up. Being very careful still.
2nd
The Shanghai stock market has been up rising 34% (A-share) while Hong Kong-listed H-shares risen just 3% this year
Widening valuation gap between A-shares and H -shares– which can be bought by international investors –failing to price in China’s recovery or just missing out on the domestic liquidity kicker?
Vinod- On the other hand, Shanghai fell much further than Hong Kong when you look at the 2-yr low (72% drop for Shanghai from the peak v 60% drop for Hong Kong).
“If you are still bullish, or if you believe crude oil is on its way to 60 soon, then you can raise your stops or even sell calls, which will lower your cost base. On the other hand, if you see the broad market spinning wheels here, or oil prices backing down below 50, you might consider selling the stocks and taking profits.” Another thing, imo, DENSA certified, that may have some effect on demand may be the various state efforts to reinforce dwindling revenues. Massachusetts'( ahem…TAXACHUSETTS!!)governor wants to tack $.19 on the gas tax, but the statehouse may only… Read more »
Something has just occurred to me: EVERYONE on this blog now expects financials to keep going up for at least some time. Whenever there was such a uniform agreement on this blog about the market direction, the exact opposite has always happened, at least for a few days. Let’s see what happens next week…
David, Its probably better to watch SPX, $INDU alongside XLF to see where it would go. Looking at XLF charts, next resistance is 11ish area and if that clears subsequent resitances at 13, 14 & 16
I also updated our Javascript libraries today. It doesn’t seem to have gotten rid of the “Unresponsive script” error as I’d hoped, but if there are no problems with it I’ll probably keep the upgraded version. So let me know if anything isn’t working right.
Kaimu, George Soros is telegraphing the punch of the Pigmen, “that is good” because of his large ego. “A new world currency” and Timmy says were open to that, just how would the Canadian or American dollar be valued, my guess down, not up, whether it is a Amero, or a Global Currency we the people loose out big time, and see are savings annihilated by inflation which will go ballistic. Ricahrd Russell has said for the second time in his life he is 30% invested in physical Gold, Paul Van Eeden I am buying physical Gold especially at 850.00,… Read more »
We’re likely to see disintermediation in the currencies first.
I’d like to see the FED disintermediated from our currency policy.
“When oil prices spiked last summer to $147 a barrel, the biggest corporate casualty was oil pipeline giant Semgroup Holdings, a $14 billion (sales) private firm in Tulsa, Okla. It had racked up $2.4 billion in trading losses betting that oil prices would go down, including $290 million in accounts personally managed by then chief executive Thomas Kivisto. Its short positions amounted to the equivalent of 20% of the nation’s crude oil inventories. With the credit crunch eliminating any hope of meeting a $500 million margin call, Semgroup filed for bankruptcy on July 22. But now some of the people… Read more »
I was almost ready to ask 2nd to pony up a report for us, as I’ve come to look into his decision making process as a basis of mine.
Thanks to all for the back and forths. The discussion threads really get the brain going.
Les- Really? Maybe you can share your dream interpretations as well 😉
No I reserve judgment for your more concrete prognostications 2nd.
Here’s a funny video the crowd here may or may not have seen 6 months ago.
Ex-trader gone journalist/commentator. He exaggerates, but good sunday “Goldman Sachs” entertainment still:
http://tinyurl.com/4atgb3
I know the Cara Community has a very diverse background.
I’m looking for an older coupe model I can put a V8 or V10 diesel engine in. I had contemplated the 1960’s era Mercedes coupe but not sure that’s going to work.
Anyone here with a knowledge about frame off resto for putting a diesel in an older coupe?
Obviously price is an object. Nothing that’s going to require six figures please.
Thanks for the link Mark. Gobsmacked, I have no other reply to this: “According to Intuitive Environmental Solutions, an environmental consulting and inspection firm in Fort Myers, Fla., specializing in indoor air quality and mold contamination issues, the gypsum material used in some of the imported drywall was initially used as filter media in the smokestacks of coal-fired power plants to reduce air pollution. The gypsum material was used to remove contaminants from the high-sulfur-content coal. According to Intuitive Environmental Solutions, the used and contaminated gypsum media was then re-used in the manufacturing of drywall and shipped out of the… Read more »
Those of us in the US should know after all these revelations – you just can’t get something for nothing. I think the last 20 years +/- are a prologue to what we’re experiencing today.
The continued offshoring of labor, manufacturing and prices comes at a price. Obviously.
ALOHA !! So right CS … I see this as the cost for “dependence” … There is always a cost to depend on others for your survival! There is a cost for SOCIALISM … Every country on Earth will have to pay that price sooner or later, because that is essentially what FIAT breeds … This is exactly why BIG GOVERNMENT still clings to FIAT because they want citizens who are “dependent” not “independent”! So much for the American Insurrection of 1776(as the Brits call it)! Insurrection is in the eye of the beholder … RESILIENT COMMUNITIES and “real money”… Read more »
Kaimu –
I disagree with your interpretation. IMO, people who enjoy all the benefits of society but don’t want to pay anything for it – that’s the problem. Not govt.
Did govt import the sheetrock from China, or did private enterprise looking to save a few bucks?
This has nothing to do with socialism and everything to do with the “bottom line at all costs” mentality. Are private enterprises not part of their communities? Should they not care what happens after they finish installing their cheap and corrosive sheetrock?
I’m trying to refine the categories I use to screen out stocks that may be tradeable. As an under-capitalized trader I look for prices I can buy big blocks of, then wait for a less than dollar move, and make a nice scalp off. Other than price I look for volume, % change, historical pricing, and a basic fundamental understanding of what they do/why they move. It’s why I follow C and FAS so closely – they fit in my pocketbook and I understand (some at least) what they do. Any other small capital traders want to share how they… Read more »