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Investors Suddenly "Fleeing" Back to Stocks???
Amazing how the herd is so easily spooked in one direction or another. After 26 years of "piling into bonds", are investors finally fed up and now more interested in stocks? Or maybe speculators are eyeballing Mr. Trichet to see if he utters some statement regarding possible Euro intervention???
More stop sweeping underway as the PigMen at Goldman blow out more puts today by those who were paying outlandish premiums during the heat of the PIIGS crisis. No doubt, those guys are the perpetual opportunists, looking for any way to paint charts to their advantage.
Today was a classic. They poked the NY Composite and the XLF right over the 50-day to vaporize all positions bought during the "breakdown" last week...
And here's an example of one stock caught in a vicious downtrend, only to be suddenly reversed....
"Sell!!! Run!! Hide!!!
No so fast....here comes the U-Turn
Bottlerocket Play of the Day:
I wonder what Trichet has been doing. Ever since he talked down his currency using words such as "brutal" and "unwelcome", the Euro has tanked, and the hedge funds are all running huge bear raids. Heh, bet he feels like a total jerk for opening his mouth.
I wonder if the market is already anticipating some "surprise statement" which could pull the PIIGS out of their funk and unleash horror among the hedge funds shorting all those sovereigns...
Who knows??
The "Dish of the Day" is Nicole Pettallides from Fox Business News.
Anybody wanna guess what she looks like??
Now we wait for some more High Beta Screamers like FSLR after the bell....
These are wildly unpredictable, you never know what they will do....
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This will cost them BIG.
Does anyone here ever use Priceline? I'm amazed to see these dinosaurs from the dotcom era trading at $200+. Market cap of $10.2 billion?
I guess someone must use this shit. Can't tell it from pets.com personally.
Just setting up for the next, completely inevitable, crash.
"Does anyone here ever use Priceline?"
Been thinking the same thing. Never considered using them, never been to their website, no idea how they're still in business.
I got some amazing deals on California hotels a couple of summers back. Trick was to choose the local area boundaries and the hotel criteria that made it almost a certainty that you could figure out which hotel you were getting. It is possible to get some real dumps though rated as three or four-stars if you're selecting blindly.
i use it, i admit it, go to www.biddingfortravel.com to get bidding hints on hotels, all you need to know about how to low-ball bids, i actually like priceline, they contribute heavily to hotel price deflation, have no idea what the company is worth...
Yes, booked 4 star San Francisco hotles for
half price with no hassles.
Meanwhile, Mr Market, just when people
feel good buying the dip, the steel bull
trap snaps shut...
Alright, I'll have to give them a try. I guess I just don't know what I've been missing.
It's that Shatner charisma..........
Nicole Pettallides definetely has Greek blood in her (lol, watch out they can be feisty ones!):
As for the markets, volume was low and action was subdued. Everyone is analyzing what the big hedge funds were busy buying & selling in Q4 2009:
http://pensionpulse.blogspot.com/2010/01/hot-hedge-fund-trades-of-2010.html
(The way I scan is go to the column that says shares % chg and click on that hyperlink at the top of the column. It sorts it out into sales, new positions, and accumulated more of. Handy little tool but do not overrely on it since hedgies regularly churn their portfolios throughout the quarter).
Today's market action:
Most active gainers:
NYSE
Nasdaq
Amex
Most active decliners:
NYSE
Nasdaq
Amex
I think I'll show Nicole my Gold...
Always had a weakness for Greek women
Greek blood with a tad of Freddie Mercury head
The BS rally continues...
"BS Rally"
FED just hiked a 1/4, no wonder they jammed the markets the last few days.
well, this rate hike should put a crimp in this "flock to stocks".
Yah, the DR +.25 to .75.
Let's see what happens now.....
Shorted a couple of the MIs today, RDN (again) and MTG, a new entrant was just approved by Fannie/Freddie to write business, will proabably take top market share within 4-5 months, the existing standalone MIs will basically go into runoff.
The fleas are out flagging my posts as junk. The liquidity rally still has legs. Get ready for takeoff and more March madness. Asset reflation is the name of the game. Get with the program or risk getting trampled.
Hang in there Leo, they just do not have your vision.
LOL.
No fleas here.
We value Leo as a fab fade trade
contrary indicator...
aww come on, Leo's a nice guy. Hey Leo, here's a tip for ya. Get this book and read it a few times; every trader has. I guarantee you, that it will help you make a ton of money.
http://www.amazon.com/Reminiscences-Stock-Operator-Edwin-Lefevre/dp/0471...
CREE has had a nice 5 days, everything else has been asleep.
Long Au
Long Ag
Long CH4
Long CREE
Short Solars
Bring back the Bucket Shops
Nice color match on the skin Robo
Asset reflation is the only bet we have left.
There are two options to play this game now.
a) go all in on asset reflation and another 20 to 40% market hike
b) go all short in anticipation of a massive correction, deflation, Dollar resurgence
The middle ground is stagflation Japan style. Watching paint dry and get paid 2% return p.a. on a savings bond.
I'm going with option 1 please. All chips on black.
Leo, where are you, come back to us, I wish to beat you in public more. FSLR looking real hot right now ehh? And don't ever accuse me of throwing trader smack at you again; yeah I trade, but I'm no pro, and certainly no GS boy.
Right here...I never owned FSLR, only Chinese solars. I used to sit on the same floor as the prop traders, had fun yanking their chain. Great guys but never ask them to make a call beyond their minute charts...lol!
Here, let me throw you traders a bone:
I finally found you again; listen man, the reflation trade is dead, if it ever was alive. Do you really think a marquee solar name tanking 8% AH is going to bode well for the Chinese solars? Doesn't FSLR have a 2 giga project in Inner Mongolia that is being developed right now? I mean good god, talk about excess generation capacity! You have so much crap being built to power these ghost cities that the American based companies are going in and chasing after the domestic solar operations? You're going to have hard time competing in $/watt considering the amount of coal fired going up anyway. Everything in the emerging markets is a deathtrap. Go watch that Jim Chanos video posted a week ago about the massive overcapacity in every aspect of the Chinese economy. A 5x5 cubicle for every an woman and child in the country? I don't think so. Buying these dips is dead; one AH session doesn't predict the rest of the direction, but this dead cat bounce is overextended off the biggest vertical equity leapfrog in history. You buy the disruptive new technology after it is debased not before my friend. Even the black-hole has a limit to how much garbage can be shoveled into it. At some point this liquidity party is GOING TO END. Don't be the guy who's holding the ticket when the music stops. We will not be awash in fed money forever.
you had me at:
- After 26 years of "piling into bonds",
lol,
Chuck Norris does not care for an efficient asset allocation, one kick at the right time in the right place and his equity holdings behave as the fixed income assets paying dividends and reducing the volatility of total portfolio.
We just wait. We ride out the cycle. The problem with manipulating markets is that things have to go UP as well as DOWN.