Thread: respos' account talk

There's blood in the streets in Asia.

The Nikkei is currently down over 600 points.

The Hang Seng (Hong Kong) is down ~3% right now....that will effect the I fund too.

Originally Posted by respro

The Nikkei is currently down over 600 points.

Can someone help me understand a couple of things. I'm watching this sideways action rife with volatility. The SP 500 hit a low around the 20th I think. Since then the earnings season is showing one big miss after another. To top it off Japan is in a mess. The Nikkei is down huge over the last several sessions. China, well. So back here in the good old US, if oil rises a penny we get a rally and vice versa. I fully admit I'm a noob when it comes to finance. But something smells here. I'm wondering why not a huge drop with the dismal earnings season. Why is crude having such an effect on the market? It looks like the market is being manipulated by people behind the scenes.
Thanks

They don't want us to have cheap energy then they would have to shut down solar [that can't handle it] and Wind [that cost's more than it's worth] and ethanol for gasoline [which is more polluting than gasoline and kills engines and gets less mileage per gallon] any other questions? Cheap transportation will lower the price of all commodities that are transported.

Originally Posted by respro

But something smells here. I'm wondering why not a huge drop with the dismal earnings season.

One argument is that poor earnings is already priced in and so is the current price of oil relative to the market/business/banking cycles.

I have no idea!

Keep an eye on currencies at this point. If the dollar falls below the double bottom that occurred back on Jan 20th it is likely not to retrace any time soon, so LOOK OUT BELOW.

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IMO: Nnuut has a point about there being too much oil and the market strategy is to close down shale and clean energy. Get rid of your competition. However, I am a believer in Clean Energy over the long haul and think the country should support research and market programs that increase its mix among all the energy sources available over a planned timeline...say 50 years. Believe me, if there's a buck to be made, the energy companies will be the first in line.

FS

Someone pass the Prilosec. 1st time since Jan 20th my G and F move done on the 19th has turned back in my favor.

Book recommendation please. Technical analysis. I've heard of a "Bible" of technical analysis but can't remember the exact name. Any other recommendations welcome. I'm a complete noob on the subject. I want to become very, very proficient. I've got time. Not in any hurry. I'm learning a lot from this site also.
Thanks, Tyler

Originally Posted by respro

Book recommendation please. Technical analysis. I've heard of a "Bible" of technical analysis but can't remember the exact name. Any other recommendations welcome. I'm a complete noob on the subject. I want to become very, very proficient. I've got time. Not in any hurry. I'm learning a lot from this site also.
Thanks, Tyler

In the 90's, I remember reading early editions of two of these.

Talking Stock With The Doc: Books For Technical Analysis