Posted by pantunovic on 27th of Jan 2009 at 03:31 pm
right on. The best pros use TA - the ones that don't look good
in a bull market but blow up in a bear. The market is always right,
and only TA tells you what the market is saying if you listen
closely enuf
Posted by pantunovic on 27th of Jan 2009 at 02:53 pm
The picture is much bigger than a buy/sell decision. The US has
many secret agreements with foreign countries where the quid pro
quo for US help is that foreign CB's buy US Treasuries or the money
is parked in US accounts. See "Confessions of an Economic Hit Man".
This is why foreign buying makes no sense on the surface.
Posted by pantunovic on 20th of Jan 2009 at 10:16 am
Matt and Steve, with this early action and the financials
looking so weak, are you throwing out scenario #1 and just thinking
we go to test SP740 now? Sure daily stochs are on buy signals but
weeklies nowhere near a buy and put -call shows
complacency.
Posted by pantunovic on 16th of Jan 2009 at 02:32 pm
Delane, you are basically the only one invested in your home.
But when it comes to public institutions, full disclosure
requiresthat investors be given all relevant, accurate, information
so they can make informed decisions. If you want proof that
rules which overturn the use of 'mark to market' DO NOT work,
review what happened in Japan post 1989. They were allowed to mark
their books according to the greater of cost or market value. Their
market went down for over a decade. IOW, ignoring the
unpleasant facts does not change the facts. And BTW Japan is
the next best example of what we have going on now globally. As for
your loan/equity ratio, just because the bank hasn't called you for
more $$ does not mean they won't. They have every right to. This is
what happened in the Great Depression - banks called their loans
and bankrupted a lot of people.
Posted by pantunovic on 3rd of Dec 2008 at 12:06 pm
In my survey of fund mgrs most are very fearful that their
clients don't yet fully understand how much money they have
lost in 2008. And they worry that there are others who want to
redeem into an Xmas rally. So is the pain trade that the Xmas rally
is now, and that it goes south into the end of the year? Maybe. But
we can expect a lot of shock when people open their 2008 statements
in january 2009
Posted by pantunovic on 21st of Nov 2008 at 03:21 pm
gold went into backwardation today, all the way out to three
months. That's a huge development for those of us looking at a
remonetization play. Also Gold is above the SPX price nicely....
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right on. The best pros
Posted by pantunovic on 27th of Jan 2009 at 03:31 pm
right on. The best pros use TA - the ones that don't look good in a bull market but blow up in a bear. The market is always right, and only TA tells you what the market is saying if you listen closely enuf
foreign buyers of treasuries
Posted by pantunovic on 27th of Jan 2009 at 02:53 pm
The picture is much bigger than a buy/sell decision. The US has many secret agreements with foreign countries where the quid pro quo for US help is that foreign CB's buy US Treasuries or the money is parked in US accounts. See "Confessions of an Economic Hit Man". This is why foreign buying makes no sense on the surface.
market - general
Leveraged ETF's
Posted by pantunovic on 20th of Jan 2009 at 10:16 am
Matt and Steve, with this early action and the financials looking so weak, are you throwing out scenario #1 and just thinking we go to test SP740 now? Sure daily stochs are on buy signals but weeklies nowhere near a buy and put -call shows complacency.
mark to market
I remember the S&L crisis
Posted by pantunovic on 16th of Jan 2009 at 02:32 pm
Delane, you are basically the only one invested in your home. But when it comes to public institutions, full disclosure requires that investors be given all relevant, accurate, information so they can make informed decisions. If you want proof that rules which overturn the use of 'mark to market' DO NOT work, review what happened in Japan post 1989. They were allowed to mark their books according to the greater of cost or market value. Their market went down for over a decade. IOW, ignoring the unpleasant facts does not change the facts. And BTW Japan is the next best example of what we have going on now globally. As for your loan/equity ratio, just because the bank hasn't called you for more $$ does not mean they won't. They have every right to. This is what happened in the Great Depression - banks called their loans and bankrupted a lot of people.
S&P hourly
S&P 500 5 min chart.png S&P 500 30 min chart.png
Posted by pantunovic on 3rd of Dec 2008 at 02:50 pm
it is still holding each test of the uptrend drawn off the Nov 21st turning pivot
funds
Posted by pantunovic on 3rd of Dec 2008 at 12:06 pm
In my survey of fund mgrs most are very fearful that their clients don't yet fully understand how much money they have lost in 2008. And they worry that there are others who want to redeem into an Xmas rally. So is the pain trade that the Xmas rally is now, and that it goes south into the end of the year? Maybe. But we can expect a lot of shock when people open their 2008 statements in january 2009
gold
ABX,GG,NEM,AEM flying on saudis buying
Posted by pantunovic on 21st of Nov 2008 at 03:21 pm
gold went into backwardation today, all the way out to three months. That's a huge development for those of us looking at a remonetization play. Also Gold is above the SPX price nicely....