Thread: coolhand's Account Talk

So... If I read this right. Maybe a couple more good days then we test the bottom again?

We may get some weakness, in fact I'm expecting it, but Don (the guy who runs the Seven Sentinels site) believes we are now back in an intermediate term uptrend and that it may be a very profitable one for the bulls.

I feel the same way Tom does after reading his blog this morning. The charts are looking very bullish, but I don't like the way we got here. Then again, the market may not care what I think.

I haven't quite made up my mind if I'm going to IFT into the market just yet, but if I do it'll be by close of business tomorrow. Futures are moderately lower right now and I want to see how much weakness comes given the condition of TRIN and TRINQ.

Companies Stop Selling Bonds as Borrowing Costs Jump by 40%: Euro Credit

http://www.bloomberg.com/news/2011-0...ro-credit.html

Pimco's Gross Has 'Lost Sleep' Over Bad Bets

http://online.wsj.com/article/SB1000...googlenews_wsj

PIMCO On The Fiscal Folly Of The Keynesian Revolution, And "Just Saying No" To Keynes

http://www.zerohedge.com/news/pimco-...ying-no-keynes

Euro Rescue Fund Faces Political Demands

http://www.bloomberg.com/news/2011-0...en-effort.html

Ex-Goldman Sachs Executive Joined SEC After Earning More Than $57 Million

http://www.bloomberg.com/news/2011-0...cmpid=msnmoney

Europe Drags Residential Property Price Increases to Lowest in Two Years

http://www.bloomberg.com/news/2011-0...-year-low.html

Obama and the Burden of Exceptionalism

http://online.wsj.com/article/SB1000...ctions_opinion

Big-Name Stocks Cheaper Than During 2008-09 Crisis

http://www.cnbc.com/id/44349809

The Ever Diminishing Returns Of Central Bank Intervention, Or QE As The Godfather Trilogy

http://www.zerohedge.com/news/ever-d...father-trilogy

That was a great article on oBOMBa and anti-exceptionalism - reminds me of nasty multiculturalism.

You know, I thought of you when I posted that link. I knew you'd like it.

Merkel’s Euro Debt Crisis Gambit Ends in Election Defeat in Her Home State

http://www.bloomberg.com/news/2011-0...me-defeat.html

Euro Falls as Merkel Election Defeat, Stock Losses Boost Haven Currencies

http://www.bloomberg.com/news/2011-0...n-concern.html

Tremonti Rushes to Rome for Austerity Talks as Bonds Plunge

http://www.businessweek.com/news/201...ds-plunge.html

Bank, Sovereign Bond Risk Surge to Records as European Debt Crisis Deepens

http://www.bloomberg.com/news/2011-0...in-europe.html

Corporate Bond Risk Rises in Europe, Credit-Default Swaps Show

http://www.businessweek.com/news/201...waps-show.html

Ackermann Says Market Reminiscent of 2008

http://www.bloomberg.com/news/2011-0...fall-2008.html

Swaps on Treasuries Reach Record Low Against Bunds in S&P Denial

http://www.businessweek.com/news/201...-p-denial.html

Global Investors Should Brace ‘For More Pain’ on China Policy, CICC Says

http://www.bloomberg.com/news/2011-0...cicc-says.html

Gold Trades Within 0.2% of Record as Debt Concern Boosts Haven Demand

http://www.bloomberg.com/news/2011-0...ce-demand.html

BofA, JPMorgan Among 17 Banks Sued by U.S. for $196 Billion

http://www.bloomberg.com/news/2011-0...ecurities.html

California Employment at Record Low 55.4 Percent as Fewer Women Find Jobs

http://www.bloomberg.com/news/2011-0...find-jobs.html

CEO Estimate Cuts Fall 38% With Cheapest S&P 500 Since ‘85

http://www.businessweek.com/news/201...-since-85.html

Don't Bet on a 'United States of Europe'

http://www.cnbc.com/id/44396103

Europe's Banks Face Unsecured Bond Test

http://www.cnbc.com/id/44225210

UBS Declares "The Euro Should Not Exist" In A Monster Report On The Odds Of An EU Breakup

http://www.businessinsider.com/ubs-o...breakup-2011-9

Open Europe Briefing On What The German Constitutional Court Ruling Will Mean For The Eurozone Crisis

http://www.zerohedge.com/news/open-e...urozone-crisis

Postal Service Is Nearing Default as Losses Mount

http://www.nytimes.com/2011/09/05/bu...pagewanted=all

Charlotte has NYers in its web

http://www.nypost.com/p/news/local/c...xxNdZjuMXjUFpK

UAW's Williams: Be grateful for auto bailout

http://www.detnews.com/article/20110...50377/1001/biz

GAO Warns on Pension Investments in Alternatives

http://www.institutionalinvestor.com...icleId=2894766

Pension funds in new crisis as deficit hole grows

http://uk.reuters.com/article/2011/0...siness+News%29

Banks suffer as eurozone crisis triggers fresh market slump

http://www.independent.co.uk/news/bu...p-2349895.html

Exclusive: Moody’s Poised To Deliver Bank Downgrades

http://blogs.news.sky.com/kleinman/P...2-34864d0cca8a

Italian Senate to Hold Austerity Confidence Vote

http://www.bloomberg.com/news/2011-0...rity-plan.html

U.S. Company Risk Measure Jumps as Europe Evokes '08 Comparison

http://www.sfgate.com/cgi-bin/articl...#ixzz1XGI92oi5

Citigroup CEO Pandit’s ‘Globality’ Goal Imperiled

http://www.bloomberg.com/news/2011-0...ic-growth.html

‘Helicopter Ben’ May Deter Lending: Gross

http://www.bloomberg.com/news/2011-0...ross-says.html

The Other Climate Theory

http://online.wsj.com/article/SB1000...ctions_opinion

"The European Financial System Is Finished" In Quotes

http://www.zerohedge.com/news/europe...inished-quotes

U.S. Takes Hard Line in Suits Over Bad Mortgages

http://dealbook.nytimes.com/2011/09/...tner=bloomberg

In Euro Zone, Banking Fear Feeds on Itself

http://www.nytimes.com/2011/09/07/bu...pagewanted=all

Obama's Failure On Jobs: Four Damning Charts

http://www.forbes.com/sites/beltway/...amning-charts/

No plans for extra euro zone bank capital support - sources

http://uk.reuters.com/article/2011/0...siness+News%29

German austerity drive risks Euro-slump

http://www.telegraph.co.uk/finance/f...uro-slump.html

I want an Obummer green job - but I don't want to make windmills, or solar panels, or bottle flatus - but I could tend a goat herd. Would that pay well.

Trichet May Choose Liquidity Over ECB Rate Cut

http://www.bloomberg.com/news/2011-0...y-markets.html

A Layman’s Guide to the President’s Jobs Speech: Caroline Baum

http://www.bloomberg.com/news/2011-0...line-baum.html

SEC Shifts Tack on Document Destruction Amid Whistleblower Threat

http://blogs.wsj.com/deals/2011/09/0...blower-threat/

Why the Stimulus Failed

http://online.wsj.com/article/SB1000...ctions_opinion

FED CONSIDERING 3 OPTIONS FOR NEXT ROUND OF EASING

http://www.businessinsider.com/fed-c...-easing-2011-9

GOP Candidates Want To Get Rid Of Bernanke

http://www.businessinsider.com/gop-c...#ixzz1XMGfIwgP

Is Greece About To Default?

http://seekingalpha.com/article/2922...urce=bloomberg

U.S. mutual fund flows break six week losing streak

http://www.reuters.com/article/2011/...7861KE20110907

German court curbs future bail-outs, bans EU fiscal union

http://www.telegraph.co.uk/finance/f...cal-union.html

Ghost of Lehman Haunts G-7 Amid European Debt-Crisis Paralysis

http://www.sfgate.com/cgi-bin/articl...#ixzz1XSHlUuPg

Bond Investors Consider Greek Debt Exchange as Budget Concerns Escalate

http://www.bloomberg.com/news/2011-0...-escalate.html

Texas Instruments Cuts Sales Forecast as Chip Orders Slow

http://www.bloomberg.com/news/2011-0...ip-orders.html

Japan’s Economy Contracts More Than Initial Estimate as Yen Hurts Recovery

http://www.bloomberg.com/news/2011-0...ery-slows.html

Greek CDS Spreads Go Stratospheric

http://blogs.wsj.com/marketbeat/2011...stratospheric/

Obama's Bid to Spur Growth

http://online.wsj.com/article/SB1000...LEFTTopStories

The Latest Jobs Plan

http://online.wsj.com/article/SB1000...LEFTTopStories

Underfunded Pensions Pressured to Make Riskier Bets

http://www.cnbc.com/id/44443559

GREECE: Here's The Latest, And Here's What's Next

http://www.businessinsider.com/heres...ember-8-2011-9

Senate Attempt To Block Debt Ceiling Increase Fails: Debt Target Is Now $15.2 Trillion, Or Over 100% Of GDP

http://www.zerohedge.com/news/senate...r-over-100-gdp

Settlement Said to Be Near for Fannie and Freddie

http://dealbook.nytimes.com/2011/09/...tner=bloomberg

Germany pushes Greece to the brink in dangerous brinkmanship

http://www.telegraph.co.uk/finance/f...nkmanship.html