Care to comment on the fact $BKX and XLF finished positive today
while the rest of the broad market was down......very abnormal of
late and hasn't happened in this whole bear market as far as I
know......Is this not significant positive divergence as the market
has been held down this whole time by the financials?
Posted by junkmaylbox on 26th of Feb 2009 at 07:45 pm
Today we had related news (the budget proposal). Wait till
tomorrow to see where the financials are left. If they stay strong,
I am going to take profits on my positions and anticipate a small
bounce. They need to shake off short sellers before bringing the
market lower.
Behind the scenes, it seems that perhaps the big boys know
something that the individuals don't, when will Timmy speak???
as he could easily rally the banks/financials. I thought
he would have already spoken by now. Shorts are oh so very
tempting, but risk is very high for a big bad wedgie, if this
banking/financial sector jumps up.
that is safe to go long is financials and a couple of chip
players. UYG whats your down side risk? not
much...I think the administration is now so arrogant and prideful
that they will not stop at anything to make the banks work, come
hell or high water. What they should have done is make them
fail, but they will throw money and then discount the return until
thebanks are all sitting pretty again. This administration is
so scarey. the good thing is this financial package was
presented in time for us taxpayers to VOTE OUT the Congress in two
years, before they vote YES to this obama package. JUST MY
OPINION, and not to offend anyone, who does not agree with me, as
prob most dont agree with me. :)
How can this be scary?? The last administration went to war on a
lie and did not pay for it. Left the entire country bankrupt with a
trillion dollar deficit. Ruined the international reputation of the
the USA. You are in good hands, rest easy.
In good hands? I would suggest you read a little something on
what or does not make for a strong economy..taxing and spending on
every program you have been dreaming about for 40 years (democrats)
does not..(even B. Clinton kew enough about that! get ready
for slower growth and slower coming out of recession...think just
taxing the wealthy are going to pay for all these programs? not
bloody likely! Do some reading my friend on economics as Nancy
Pelosi and Harry Reid never have...
Matt or Steve, Care to comment
Posted by bullau on 26th of Feb 2009 at 06:05 pm
Matt or Steve,
Care to comment on the fact $BKX and XLF finished positive today while the rest of the broad market was down......very abnormal of late and hasn't happened in this whole bear market as far as I know......Is this not significant positive divergence as the market has been held down this whole time by the financials?
Sign that a bottom may be close??
Today we had related news
Posted by junkmaylbox on 26th of Feb 2009 at 07:45 pm
Today we had related news (the budget proposal). Wait till tomorrow to see where the financials are left. If they stay strong, I am going to take profits on my positions and anticipate a small bounce. They need to shake off short sellers before bringing the market lower.
banks & financials
Posted by andreac on 26th of Feb 2009 at 06:18 pm
Behind the scenes, it seems that perhaps the big boys know something that the individuals don't, when will Timmy speak??? as he could easily rally the banks/financials. I thought he would have already spoken by now. Shorts are oh so very tempting, but risk is very high for a big bad wedgie, if this banking/financial sector jumps up.
I think the only sector
Posted by delane on 26th of Feb 2009 at 06:51 pm
that is safe to go long is financials and a couple of chip players. UYG whats your down side risk? not much...I think the administration is now so arrogant and prideful that they will not stop at anything to make the banks work, come hell or high water. What they should have done is make them fail, but they will throw money and then discount the return until thebanks are all sitting pretty again. This administration is so scarey. the good thing is this financial package was presented in time for us taxpayers to VOTE OUT the Congress in two years, before they vote YES to this obama package. JUST MY OPINION, and not to offend anyone, who does not agree with me, as prob most dont agree with me. :)
Now you are scared?
Posted by captmet on 26th of Feb 2009 at 10:48 pm
How can this be scary?? The last administration went to war on a lie and did not pay for it. Left the entire country bankrupt with a trillion dollar deficit. Ruined the international reputation of the the USA. You are in good hands, rest easy.
In good hands? I would
Posted by brophy on 27th of Feb 2009 at 09:35 am
In good hands? I would suggest you read a little something on what or does not make for a strong economy..taxing and spending on every program you have been dreaming about for 40 years (democrats) does not..(even B. Clinton kew enough about that! get ready for slower growth and slower coming out of recession...think just taxing the wealthy are going to pay for all these programs? not bloody likely! Do some reading my friend on economics as Nancy Pelosi and Harry Reid never have...
GOOD HANDS!!
Posted by elliotzp on 27th of Feb 2009 at 02:18 am
LOL LOL LOL