coolhand's Account Talk

[FAB1]

Originally Posted by Birchtree

FAB1,

The VIX came down nicely today to 21.95 down .46 for the momeny. The VIX is signaling a likely pull higher in coming days by equities. Tomorrow could be a good day - there is no way I'd get out of this market at this time.

Wow, thats getting might close the "20" mark...Well I noticed a little ralley late this afternoon - we didn't lose much at all today. Let the good time roll tomorrow!

[coolhand]

Originally Posted by FAB1

Well I noticed a little ralley late this afternoon - we didn't lose much at all today.

That's often a hook to get the bulls to bite. We had a bullish close yesterday that resulted in selling most of today. I'm not saying we can't rally from here, we certainly could. But one has to be comfortable doing it with our limited trading structure. Remember, BT is a very knowledgeable guy, but he's looking very long term. And that's okay. Many of us are looking at different timeframes, which is why it can be confusing when folks are moving in different directions. I'm just looking at the next two weeks. Others are looking years ahead. And then you have everything in between.

Each person on this board has to decide what their timeframe is and execute moves accordingly.

[Frixxxx]

Originally Posted by coolhand

Each person on this board has to decide what their timeframe is and execute moves accordingly.

Amen, used both IFT's and can only jump back on the lily pad. I'm watching consumerism numbers and if I even think Black Friday is not going to be well, I'm out!

[350zCommTech]

Originally Posted by Frixxxx

Amen, used both IFT's and can only jump back on the lily pad. I'm watching consumerism numbers and if I even think Black Friday is not going to be well, I'm out!

With this economy, one would think that sales might be lackluster but when you're not making mortgage payments, you should have some extra cash in your pockets.

[coolhand]

Nice (and sobering) analysis of the unemployment picturel.

http://briefing.com/GeneralContent/I...3TheBigPicture

[Warrenlm]

Originally Posted by coolhand

.... Remember, BT is a very knowledgeable guy, but he's looking very long term. And that's okay. Many of us are looking at different timeframes, ....

Indeed, Birchtree said once that he was investing for his grandchildren. While admirable, that timeframe exceeds those timeframes of many TSP members and creates a completely different view.

[CountryBoy]

Originally Posted by coolhand

Nice (and sobering) analysis of the unemployment picturel.

http://briefing.com/GeneralContent/I...3TheBigPicture

Yeah a similiar article, with the U-6 unemployment figures, makes me leery, but still buy stock on our 2 ROTH's. I believe that when the Feds stop pumping money into the economy and keeping it artifiicially pumped up, we're going to see how bad we are.

I read a bad foreclosure report, yesterday, of the number left to come and it was like 4x's more than what we've seen so far. Sorry I didn't link, but it was Bloomberg or CNBC and figgered others had seen it.

http://www.cnbc.com/id/34040009 And many jobs aren't coming back and how they are all related to housing.

[coolhand]

Originally Posted by CountryBoy

Yeah a similiar article, with the U-6 unemployment figures, makes me leery, but still buy stock on our 2 ROTH's. I believe that when the Feds stop pumping money into the economy and keeping it artifiicially pumped up, we're going to see how bad we are.

http://www.cnbc.com/id/34040009 And many jobs aren't coming back and how they are all related to housing.

While I was in San Diego, the Ramada I stayed at said vacancy rates were up. I've stayed there numerous times in previous years and it was obvious they were hurting. The restaurant and bar were fairly quiet and the number of empty parking spaces were very telling.

I had no trouble getting through the airport either. A year or two ago that by itself could be a trial. Not this time.

[coolhand]

http://briefing.com/GeneralContent/I...0084953PageOne

Strikingly, there appears to be a different train of thought in the Treasury market where the yield on the 3-month Treasury bill hit 0.005% yesterday. Essentially, investors at that yield are not concerned with a return on their money so much as they are concerned with the return of their money.

To say the least, the interest in parking money at the front end of the Treasury curve for almost nothing in return is peculiar in the face of continued strength in the stock market (notwithstanding yesterday's trade). It is a tacit statement that the road ahead may not be as smooth as equity investors would like to believe.

[Uptrend]

This is being talked about on different boards. Some think a big bank failure may be in the works, perhpas in Europe, perhpas in our backyard, and as such may be a safety play. I see a slight bounce back this AM.

3mon.png

[coolhand]

I'm hearing chatter about the new NFA changes going into effect end of this month. Some think it's to protect retail brokers and that something is about to blow up.

http://www.gftforex.com/announcement...ge-changes.asp

[350zCommTech]

Originally Posted by coolhand

I'm hearing chatter about the new NFA changes going into effect end of this month. Some think it's to protect retail brokers and that something is about to blow up.

http://www.gftforex.com/announcement...ge-changes.asp

Yup, I got the email from TOS.

I'm thinking Asia or maybe Blankfein, for doing God's work and all.