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Weekly Chartology
All the charts that's fit to print, with Goldman's traditional upward bias. David Kostin looks forward: "next week 23 companies in the S&P 500 will report 2Q earnings, led by Alcoa, CSX, and Novellus on Monday and followed by bellwethers INTC, MAR, JPM, GOOG, BAC, C, and GE (see calendar page 3). Earnings revisions and sector performance have disconnected with positive revisions associated with more negative returns since the market peak. S&P 500 rallied 5% in the past few days off the YTD low."
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Cheers for this.
2 out of 14 of GS baskets are in profit YTD. Are they usually this good?
they have a sell rating on CSX, and a buy rating on GE. too funny.
are these reports issued so that they can pretend to be some sort of legit investment bank or something?
Looks like the Squid is sticking to that 1250 S&P target for '10. And why not ?? The financial sector is in a knife fight to silence the FASB demand for fair market valuations of their shit assets and the bad boyz will probably win in the end. This despite the fact FASB wouldn't even implement the new rule until 2013 !!
Financial P-E arrived at thusly : trumped up earnings divided by price equals 12.6
Okie-dokie....time to rock n' roll !!
Time to pour thousand island all over BAC's windows:
http://online.wsj.com/article/SB1000142405274870479960457535742136634762...
"I like you man. You're all right."
Goldman sure isnt going to help the sp500 get to 1250. If good earnings get routinely pumped and dumped, these mediocre earnings while the market is rolling over will be hyper pumped and hyper dumped by the likes of the squid naked shorting everything.
This last 5 percent ramp job is about all the market has left for some time. That 1250 target is a carrot on a string, and their absurd advice to double down is definately under the "do as I say, not as I do" category like most of their other deceptive pitches.
Heres more logical advice. If you think more weakness is ahead, dont double down, go short and by the same shares back about 20-40 percent cheaper in a quarter or two.
Buying dips based on a few days oversold rally in a declining market because Goldman says so?? Thats a good way to pile on losses and panic sell later,imo.
I dunno. Look at "Is the Fed funding Treasury?" Is the global reflation effort back on? Doug Nolan thinks "maybe so, jury's still out." I'm not betting against new stimulus of any kind. They are bound to pump the markets somehow and may have already done so. I want to see how next week plays out and by then I will either have missed the boat or saved a bundle. Fundamentally, I am a coward.
There is a fine line between bravery and stupidity/insanity. Hence, there's also a fine line between cowardice and intelligence/sanity. Waiting to see how next week plays out is the definition of sanity/intelligence.
Noah. Go to St. Louis fed site and check out the M1 curve. Overlay it with the SP500 if you have excel and a free 1/2 hour. When the fed is pumping the market rises within 2 weeks. It used to take longer. When they stopped pumping the market fell. They are pumping now.
Doug Kass's miracle calls on market moves are more likely a friend at the fed giving him the data before it is published. Now is not the time to be short.
They do look similar but notice we should be near a peak, next it goes down
Any idea which the squid is pumping must be decoded Costanza style.
Or, have we reached the point where the squid uses double-secret reverse psychology and assumes their recommendations will be faded?
Best to just avoid the squid altogether.
Funny how NVLS used to be one of the crack vehicles traded by the Hedge Hogs during the 2000 - 2003 tech bust.
I remember some insane short squeezes on that thing, it used to move $3 - $4 a day, easy....
Time to keep an eye on it now. Remember, this is one that has been "acting well" lately, so no doubt it is primed for a massive gap down if it misses expectations...
Nothing like dating these psycho chicks in the $SOX index. Totally unpredictable.
Watch this psycho destroy her boyfriend's XBox with a golf club..
LOL....
Hot Psycho Girl Destroys Boyfriends Xbox - Watch more Funny Videos
It still works.
She needs to work on her slice.
Thanks, I needed that .... Happy days are here again.
I like the dog barking myself as if to say "there's a terminator in town! there's a terminator in town!"
Updated DOW charts:
http://stockmarket618.wordpress.com
http://www.zerohedge.com/forum/latest-market-outlook-1
Looking at DXY sitting at 84 Monday, then beginning a fast run to 81.5 by late July. Tuesday should see the price of silver move back to $19, and the US indexes could see appreciation of 2% across the board. Until August the doelarr will continue to fall at a similar pace that it has since June 7th. From August 1st, the move from 81.5 down will happen, at which point the bottom will DROP OUT.
Look for gold and silver to touch their recent highs during the move to 81.5. So gold $1265 and silver $19.50 should be holding steady, this amidst wild capitulation. Come August first, these prices should be holding. From August first until September 11th, there should be huge capitation in the silver market, but the price will move violently upwards. I had been calling for a price capitulation in between $17-$24 during the late summer months, but now that we have seen the capitulation being quick swings from $17.50-$19.50 in the first half, I believe there will be a second phase in a higher price range. So after August first, look for silver to trade in between $19.50 and $24. Come September 11th, I believe Silver will be trading at the high of this range ($24) and gold will be somewhere around $1400-$1450. This will be the last time that either of these metals are within this range. The move from September to late December will see silver almost doubling, and gold moving to $1850. This on the back of devaluing currentseas worldwide, led by the doelarr.
After December 25th, I think that the game will be up, and we could see the most dramatic change in ALL prices that could be imagined.
I think Platinum may have the best appreciation from here until the winter solstice.
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