Nordic's Account Talk

**Nordic** · 01-12-2010, 02:42 PM

All in COB today, 30C/70S. Hopefully our 3:30 buying friends chill out today and leave prices lower.

**Birchtree** · 01-12-2010, 02:48 PM

I'm surely going to do my best to push prices up - looking for a nice slap on Friday that knocks the S and I funders back a little.

**Nordic** · 01-12-2010, 02:57 PM

Originally Posted by Birchtree

I'm surely going to do my best to push prices up - looking for a nice slap on Friday that knocks the S and I funders back a little.

Betula papyrifera, that was the biggest reason I was hesitant to jump off the 'pad this week, the potential for whipsaw action. I normally put some in the I fund also, but was curious to see what the dollar is going to do in the near future, so held off until I have a better feeling on the dollar. That dang VIX going lower made me hesitant also about jumping in at this point. We'll see what happens.

**Nordic** · 01-12-2010, 05:04 PM

"Consumer demand, technology, and global politics are shifting in a way that could spell a future of oil abundance, not of catastrophic dearth. As Leonardo Maugeri, a senior executive at Italian oil major ENI, puts it: "There will be enough oil for at least 100 years." "

http://www.msnbc.msn.com/id/34770285...oil_and_energy

**Silverbird** · 01-12-2010, 05:18 PM

Now if only they could produce enough to put a dent in OPEC, I'd be happy....

**WorkFE** · 01-12-2010, 06:13 PM

The day we find an energy solution to Oil is the day OPEC nations will adhere to complaints about human rights/religous freedom etc. Until then they have everybody over a Barrel (of oil).

**Nordic** · 01-12-2010, 10:41 PM

"With overhanging debt at the household and national levels and a serious trade imbalance, it will be difficult to return to the stronger growth patterns of the postwar years, Wyss says."

http://articles.moneycentral.msn.com...-recovery.aspx

**Nordic** · 01-13-2010, 01:30 AM

"But when they happen, bond debacles can have an insidious effect on people's nest eggs. If interest rates were to rise, for example -- and many analysts believe that's likely -- bond prices could get clobbered. Prices on even "safe" Treasury and municipal bonds

could fall 30% or more if interest rates soared over the next few years. Some corporate bonds could fall even more."

http://articles.moneycentral.msn.com...xt-bubble.aspx

**Birchtree** · 01-13-2010, 01:27 PM

An excellent read on the bond folks - I'm staying with equities for life. For every one-point rise in the federal funds and other interest rates, the price of a 10-year Treasury decreases by 8.5%; a rise of two percentage points would chop a 10-year Treasury bond's value by 17%, using figures from Barclays Capital.

**Nordic** · 01-13-2010, 02:09 PM

Originally Posted by Birchtree

An excellent read on the bond folks - I'm staying with equities for life. For every one-point rise in the federal funds and other interest rates, the price of a 10-year Treasury decreases by 8.5%; a rise of two percentage points would chop a 10-year Treasury bond's value by 17%, using figures from Barclays Capital.

Give us equities, or give us death.

**Nordic** · 01-13-2010, 09:27 PM

"So, one would logically expect the same reaction. That's possible, but it is also possible that the VIX moves below the support and trends sideways to lower with no pull back in the market. That is why it is currently at a "juncture", and because both scenarios are real possibilities."

http://www.stocktiming.com/Tuesday-D...rketUpdate.htm

I'll take some sideways trending please.

**Nordic** · 01-13-2010, 09:41 PM

"So now, you have more to watch for than just the bottom of the expanding wedge ... also watch for what happens around the 18.64 resistance level, and the red resistance line. If the red resistance line is penetrated, then pay particular attention to our resistance line #2, because it would be very bearish if that were broken to the upside."

http://www.stocktiming.com/Wednesday...rketUpdate.htm