Monthly Archive for September, 2011

Greece puts it up our rear

Published on September 27, 2011, 11:06 pm in Trading. Closed Tags: , .

A 3-day European rally…based on nothing but innuendo and blips of news. This sucks! Traders were bolstered by a possible solution in Europe…but it looked like lotsa traders were bargain hunting…as well as profit-taking.

Home prices being up helped a little, but the focus is on Europe….and the news was generally good. But about a helf hour to close, the indexes cut about half if their gains to end up in the middle of their range. Oh well, better than ending in the red!

We’ve got three day until the end of the third quarter and Rosh Hashanah on Thursday. Let’s look for selling as money managers square up their books and many traders take the rest of the week off.

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News-hounds or traders?

Published on September 25, 2011, 10:31 pm in Trading. Closed

What an ugly week…the market jerked after every news or rumor release. Pain in the butt if you ask me….but who’s asking? I’ll go clean the office!

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Weekend Reading 9/24/11

Published on September 24, 2011, 11:25 am in reading. Closed

“The Democrats lost a seat they’ve held in New York since the 1920s. The White House said, ‘At least President Obama created one new job.’” — Jay Leno

Ouch! That’s gotta hurt! Tin-Hat Time for Pension Funds.

You would think there would be a lot more refi’s: Lack of Home equity and underwriting changes limited Refinancing in 2010.

Did you go to a high school football game yesterday? Putting a Price on School Spirit.

“All the world leaders at the United Nations agree on one thing: Superman has got to do more.” — David Letterman

Are we getting anywhere? The War on Insider Trading: Market-Beaters Beware.

Go Team! Europe, ECB Must Team Up on Crisis: Geithner

Long live stocks! The Death of Equity Investment.

Operation Twist or Bears On Parade?

“There was another Republican debate on CNN. The big winner: Monday night football on ESPN.” — Jay Leno

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Hurt so bad….

Published on September 23, 2011, 8:52 am in Opinions and Trading. Closed Tags: , .

Yes this market just hurts so bad! S&P futures markets came down to test 1100….and it may still not be done. There’s still the August low of 1072 to contend with. The markets are singing When Will I be Loved?

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FOMC…FU

Published on September 22, 2011, 8:20 am in Trading. Closed Tags: , , .

That’s what traders are thinking….fu! Shifting from short term to longer term bonds and standing still on interest rates? That’s your way of working through a recession/depression?

Even better-than-expected Existing Home Sales couldn’t help. And the strong tech sector finally gave it up also. Looks like we may get some downside follow-through on Thursday. Oh my:!:

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Again…

Published on September 19, 2011, 11:06 pm in Trading. Closed Tags: , .

Yes again, the european news mill whips around the US stock market on rumors and leaks. Boy is this tiring! The President couldn’t move it, nor could housing news. Nope. Just that european BS.

For a while the markets recovered…looked a lot like a key reversal. But futures are back to their lows this evening. Let’s see what kind of news crap the eurozone comes up with on Tuesday.

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Weekend Reading 9/17/11

Published on September 17, 2011, 10:39 am in reading. Closed

“President Obama introduced his $447 billion jobs plan. A lot of economists say it could work — if we had $447 billion.” — Jay Leno

When Will Pessimism Bottom Out? When we hit bottom most likely.

Employ yourself: The Most Overlooked (and Important) Proposal in Obama’s Jobs Plan.

“In Michigan a man in a President Obama mask robbed a bank. Either that or President Obama has an exciting new plan to reduce the deficit.” — Conan O’Brien

They must know something. Insiders betting heavily on stocks.

But…Don’t Look Now, But Some Big Names Are De-Risking Again.

More upside coming? 6 Big Signs Of Market Capitulation.

“President Obama described himself as an eternal optimist. He then explained that he’s the kind of person that sees the country as ‘half employed.’” — Conan O’Brien

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Cleaning the garage

Published on September 15, 2011, 9:31 pm in Trading. Closed Tags: .

I’ve learned, over time, through analyzing my notes, that I just don’t do so well in option expiration weeks. So this week I have stayed away from trading and am cleaning my garage instead. :-)  ….not doing so well there either. My, I’ve accumulated a lot of junk!

Speaking of junk, central banks intervened this morning passing out dollars, while news on jobs was not so good.Jobless men keep going Jobs and manufacturing were down while CPI was up. I guess passing out dollars was the winner, bringing indexes up.

Quadruple witching as options expire on Friday. Can’t wait for the markets to clean up their junk!

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That was scary…

Published on September 12, 2011, 11:18 pm in Opinions and Trading. Closed Tags: , .

…but ended nicely…as in up! The Sunday night trading was looking real ugly and indexes were down big. The low of the day was made in the pre-market and the high of day was made at the close. Now, do we follow-thru or stumble? The trading days have been made up of wide-ranging days and I don’t see that changing very soon.

Looks like the European banks are going to go through what US banks went through 3 years ago. This still has a lot of potential ugliness.

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Weekend Reading 9/10/11

Published on September 10, 2011, 2:42 pm in reading. Closed

“According to the latest poll, a record 73 percent of Americans think the country is headed in the wrong direction. But the good news: Gas is so expensive that we’ll never get there.” — Jay Leno

Here’s a synopsis: Obama Channels Economic Frustration With $447 Billion Plan to Boost Jobs!

Hard to believe…Studies say no link between HFT and volatility.

First laugh at this: Miss USA 2011 — Should Math Be Taught In Schools?… then read some serious opinions: How to Fix Our Math Education.

The incredible sinking benefits package! Benefits Shrinking for U.S. Workers.

Europe, where no trader should go! Fudge, the final frontier.

“According to a report, the Post Office could go out of business this winter. On the bright side, the Post Office won’t receive the report in the mail for another two years.” — Conan O’Brien

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