Thread: Big day today!?

Just heard oil prices may drop another $3-4 dollars a barrell. The thought is, if this happens, the equity markets around the World will explode. Who can you trust....jump in now get some of the rally...or play it safe and miss it...wait until the dips happen.



Right now I will hold my position.

I forgot I had some contributions left in G (3.7%), so I just put in a transfer to maintain my current 70S/30C. I was tempted to change to 65S/35C, but I think small caps have more to gain at the moment, in spite of the interest rate malaise.

Big Qs for the week: Will $SPX break 1135? Will DWCP break 444? Will the "T Fund" make up formissed S and C Fund gains? (hehehe)

Way to play it

hehe, yeah, I need some excitement in my life.

Seriously, I think we are on the virge of a confirmation of a rally that sticks.

toby wrote:

Just heard oil prices may drop another $3-4 dollars a barrell. The thought is, if this happens, the equity markets around the World will explode. Who can you trust....jump in now get some of the rally...or play it safe and miss it...wait until the dips happen.

Right now I will hold my position.

Hi toby. Thanks for joining us! I agree that lower oil prices may be the catalyst the market needs to get out of this long consolidation.

But, we are coming up against the overhead resistance on the S&P so I also agree it isn't quite time to jump in with both feet (in the short term). It may be, but we need that confirmation of a solid move through 1135/1150 (as Rolo mentioned).

Will the "T Fund" make up for missed S and C Fund gains? (hehehe)

I took 3rd in a Hold'em tournament Saturday but looks like the S and C would have made more money for me if I was not 40% G.

I'm still in wait and see mode here with one hour to go before the deadline.

Tom

TOM. WHAT DO U THINK GREENSPAN SPEACH WILL DO FOR THE MARKETS , TOMORROW

I miss the bus today :s

hopetohititbig wrote:

TOM. WHAT DO U THINK GREENSPAN SPEACH WILL DO FOR THE MARKETS , TOMORROW

Good question.

"The Fed chairman speaks on the Central Bank Panel at the International Monetary Conference, London, England."

I'm not sure what he plans to talk about. It doesn't sound like anything exciting enough to stir things up too much here. But he is certainly the modern day E.F. Hutton. (Am I dating myself? ).

Naaaa.....we all know E.F. Hutton! I'm sticking to G34 C33 S33.

IM 90 PERCENT INVESTED , TRYING TO DECIDE

The markets are off to a great start this morning/afternoon! Hmmmmm........

should I test the waters a little more? I've got 5 minutes to decide!!

JerBer