Bill is going to be late to the party today, so I’m opening up the usual articles now. Hopefully he’ll show up later. – Jeff
Related Posts
- December 5, 2023
- By Bill Cara
- In Help you invest
- Comments Off on Interfield Global Software Inc.: Revolutionizing Industrial Data Management
- November 29, 2023
- By Bill Cara
- In Help you invest
- Comments Off on $GOLD is soon to make history
- November 22, 2023
- By Bill Cara
- In Help you invest
- Comments Off on Analyzing the Recent State of the Global Economy
- November 22, 2023
- By Bill Cara
- In Help you invest
- Comments Off on How Helpful is AI for Me?
- November 22, 2023
- By Bill Cara
- In Help you invest
- Comments Off on Navigating the Boundaries of Knowledge: OpenAI, Microsoft, and the Copyright Conundrum
- November 21, 2023
- By Bill Cara
- In Help you invest
- Comments Off on The Evolution of Work in the Age of AI, Automation, and STEM: A Journey of Exploration and Discovery
- November 19, 2023
- By Bill Cara
- In Help you invest
- Comments Off on “The Maverick Investor’s Handbook” v.21 draft is available.
- November 16, 2023
- By Bill Cara
- In Help you invest
- Comments Off on Walmart (WMT) Quarterly Report for Maverick Investors (Updated post-release of earnings)
Good morning.
BA – Downgraded to Market Perform @ Wachovia.
From Colin Twiggs: “When the crisis broke this highly leveraged and unregulated shadow banking system had no protection. Its collapse caused a massive credit contraction which has so far cost the US taxpayer $3 trillion. (WSJ)” Congratulations, you’ve just spent the reportedly total sum of US involvement in World War Two. And this puppy isn’t anywhere near finished. Imagine all the factories you could have built with that money. Restructured your taxation system to retain global competitiveness, provided universal health care (heck even global health care), a national natgas network for a new generation of transport, every house built on… Read more »
Here’s a breakdown of 4 trillion spent so far as well as the total 12 trillion that is expected to be spent on the Keynesian economic rescue package. Aren’t you glad Keynes was right? (He was right, wasn’t he? I mean there’s no chance that he could have been wrong, is there? What if Fekete is right and all this money printing will lead to more deflation? Naw! Of course Keynes knew better than anybody. It’s not just a theory based on the false premise of equilibrium, a fiction devised to make the theory work. Oh no, it is “an… Read more »
Ambrose Evans-Prichard :-
“Chinese and Russian leaders both plan to open debate on an SDR-based reserve currency as an alternative to the US dollar at the G20 summit in London this week, although the world may not yet be ready for such a radical proposal”
heres the link
http://tinyurl.com/dlyc78
I was just writing an article about confidence
here is an interesting study showing how people act like lemmings
http://tinyurl.com/ctcf5d
when giving away their confidence.
I know its late. Alphatrends mentioned this site: bestfreecharts.com. I’ve been playing with it for a little while. I will load my holdings and see how it works in real time. Maybe it will help me to let go before its too late!
peace from North Puget Sound
hi photgray,
any catches with free?
NYUGrad
always the chart bug, I signed up, no charge. Look and feel of Worden’s StockFinder. Nice fib tools. Jump to new chart just by typing in new ticker.
Photogray
Thanks for the tip
nice charts. thanks photogray
i have read a ton of material on techniques of trading but am yet to find one thats more of a primer/throws some wisdom on inter-relationship of different markets. For example stuff like Oil up, positive to drillers, negative to refineries. Baltic index up, good for commodity mfrs. Inflation up, better for gold & silver, grain prices up, good for agri equipments & fertilizers etc. I find that history repeats itself albeit a bit different each time and it would nice to know these broader trends to make some coin.
I decided to change my buy limit order on ERX at $19 into the sell short limit order on ERY at $43. My reasoning is that another 5% drop in XLE (which would be required for ERY to reach $43) would qualify as a sufficient pullback in the sector to start shorting ultra-shorts (it is much safer to open such short positions after significant pullbacks).
David- I had lunch today with my oil guy and he is still bullish crude, but now VERY bearish NG. He say’s he wouldn’t be surprised to see a 3 handle soon. Be careful, most of the E&P guys that dominate both ERX and ERY drill for both.
Thanks for the heads up, Mark. I’ll start with a reasonably small short position, and hopefully this time I won’t allow it to consume all my buying power if it moves against me.
this might spur some demand for new cars
http://www.nytimes.com/2009/04/01/business/global/…
http://investor.mbia.com/phoenix.zhtml?c=88095&p=i…
this was interesting to know:
http://finance.yahoo.com/q/it?s=MBI
thats quite a bit of insider buying huh?
2nd, TOF- I just sent X+3B an e-mail suggesting I might buy MBIA. Will let you know.
Hoping everyone is upto date on patches and security software
http://tinyurl.com/cb5hqf
I thought the 5-day chart pattern of MBI looked familiar. Superimposing a 5-day chart of FAS explains it all.
http://www.reuters.com/article/marketsNews/idINWEN…
Just saw CFO for GM on NBR on PBS saying the same thing.
just posted 1 year chart of the USD… is it a sunrise or sunset?
http://jglobal.blogspot.com/
any idea why the futures are down so much?
teamonfuego – read my previous post, looks like Obama has decided bankruptcy is best for GM & Chrysler
aha. thanks. i still don’t understand why this is a negative…
DJIA futures have jumped from -103 to -52 in the past 20 minutes. Nikkei is now up 184. Probably just normal volatility.
well, i hope it does drop some…i’m looking to get into some financials as a speculative investment. i had a pretty rough day today…sold Goldman puts at 5.00 that i bought at average of $6.20. still holding on to FAZ at 21.3 in AH that i bought at 22.2. Sold ERX at 24.05 that i bought at $23.20. I’m thinking of taking some undue risk and buying in the money calls on XLF that expire in June/Sept. I think I would rather buy these than buy the FAS because of time decay… I’m also thinking of buying MBI as it… Read more »
I’ve been hoping for a drop to the (S&P500) 766 area as a re-entry point into the buy-and-hold.
Personally, I think we test DJIA 9000 sometime this summer.
MBI- I see Marty Whitman has a position (as of 2008) totaling over 17% of the outstanding shares, 28.8m shares in the LLC and 19.3m shares in TAVFX. There was a time I would not have bet against him.
2nd – i’m beginning to agree that the 9k test is coming up this summer too…possibly sooner.
i’m thinking about taking a big speculative chance on MBI…
“i’m thinking about taking a big speculative chance on MBI…”
Let me know if you do.
look like It’s going to be a restless night for the bulls
watch GS going to 50 in next few week?
will do. what do you think about it? i know they had a ton of mark to market issues with their insured securities, but i also remember reading a pretty detailed report from some hedge fund (don’t remember if they were heavily invested in it, in which case it was clearly biased) where it was calculated that the run-off value of the company was approximate $20/share. this was back in july if i can remember correctly. in the 9 months since july of last year, the stock has traded sideways despite a horrendous drop in the markets and numerous setbacks… Read more »
a) perhaps more CDS losses due to these bankruptcies b) maybe market is jittery who is next in line in the financial industry for some action from Uncle Sam
http://www.reuters.com/article/marketsNews/idINSP4…
Time to get out of Dodge… On Friday, April 3, the Bail Out the People Movement, a growing coalition of hundreds of organizations and thousands of activists, will march on Wall Street and AIG. Protesters on April 3 will bring demands for a real jobs program, a moratorium on foreclosures, and other necessary programs for bailing out the people, not banks and Wall Street financial institutions. The growing anger over the AIG bonus bonanza, outrageous as it is, is really about the fact that trillions of dollars are being deployed to rescue the wealthiest on Wall Street, while the unemployment… Read more »
What am I reading here? Who thought up this mess?
http://www.cbc.ca/consumer/story/2009/03/31/ford-p…
Sort of reminds me of back in the dot com bubble when I worked for Nortel. If customers couldn’t afford to buy your new product, which you needed to sell, then invent vendor financing. No problem we’ll loan the money to virtually bankrupt companies to buy our products, so we don’t go bankrupt. Then the downward cycle started and we know how it ended.
I want to thank the entire CTAB Team for all the hard work and planning that went into this inaugural event. It was great to meet such a diverse group of people who also shared the same interest in trading. I am confident that I have made some lifelong contacts and opened some new doors for myself this past weekend. If the 1st yr is any indication of what is to follow in 2010, I highly recommend more of you attend. You have many months to plan now, no more excuses. I set out to go to CTAB with 1… Read more »
http://tinyurl.com/54qccl
Also looking for a pullback in crude.
Hey guys – Which company do you think would benefit most from a relaxation of MTM? What about ABK or MBI? Could be worth taking a flyer, no?
“What about ABK or MBI? Could be worth taking a flyer, no?”
I was looking at ABK, but why not throw a few chips on both? I probably won’t but might jump in one of these for a few minutes… What I really need to see to make me happy is my longs out of the weeds.
Jumped ship way to early on my TNA today as I share BSI87 market opinion. Seems toppy and close was ugly!
Loaded up TZA at pivot and double position after confirmation for some follow through tomorrow I hope. Leash will be be short.
Buy 100 shares TZA at Market Day 03/31/09 Filled
03/31/09 14:20 Filled 100 at 47.5774
Buy 100 shares TZA at Market Day 03/31/09 Filled
03/31/09 15:10 Filled 100 at 48.6
This is a sleek presentation on the likely possibilities:
http://seekingalpha.com/article/128499-watch-out-f…
I decided to keep FAZ/TZA overnight.