Thread: tsptalk's Market Talk

(With all this red ink today where's a good crystal ball (to tell ya when to jump in) when ya need one? )
Since 1979, this has signaled a breakout in stocks

http://www.cnbc.com/id/102795648?__s...&doc=102795648

Originally Posted by Skorcher

Can you imagine how the U.S. will be able to pay a $ trillion interest bill per year

Yep, just freeze all US investment/savings assets and pay the bills.

Based on the auto-tracker some felt today was a one-day event or an opportunity for a one day scalp on a DCB. Anyone here ready to call bottom?

I guess I was pretty close when I mentioned a -2% on the S&P last Friday at least as of 1500 EST.

Originally Posted by OBXTrader

Yes, surprising to me the indifference, but then again we are Euro-centric....except when it comes to flu epidemics. One would have to remember 2008 to remember a -7.4% day......and people on this forum (me included) panic when we give up 2% in one day. When was the last time that even -2% in one day happened in the S&P?

Jeff I was close to pulling the trigger. I got scared you know 2008 was not that long ago.
I decided to stay away from the F as well, just in case I was wrong.

Originally Posted by OBXTrader

Based on the auto-tracker some felt today was a one-day event or an opportunity for a one day scalp on a DCB. Anyone here ready to call bottom?

I guess I was pretty close when I mentioned a -2% on the S&P last Friday at least as of 1500 EST.

It's a short holiday week so it could be unpredictable. I know it's often unpredictable, but now we have to consider pre-holiday reversals.

Tom - What gives me pause is how the Euro is way up against the dollar. Who's pulling those levers?

Originally Posted by tsptalk

It's a short holiday week so it could be unpredictable. I know it's often unpredictable, but now we have to consider pre-holiday reversals.

Or tanking for the long weekend.

I'm sitting on the lily pad until tomorrow. Then we'll see whether how much I dare risk and whether the S,I, or F Fund is the place to be (or get a small piece of each one) for the next week or two. I don't want to miss out on a positive bounce but I remember 2008 and it took a while for the turmoil to subside through the meltdown. I jumped in several times thinking we were through the quagmire only to get hit with another 2% loss. Those can add up quickly. All the best in your investing.

FS

Originally Posted by OBXTrader

Tom - What gives me pause is how the Euro is way up against the dollar. Who's pulling those levers?

Funny you should say that. I took a stab at a euro short today and got stopped out. Not sure why it's bouncing back like this.

I assumed the ECB as a show of strength. People in the I fund are dodging an even bigger bullet, but there may be payback tomorrow.

Originally Posted by tsptalk

Funny you should say that. I took a stab at a euro short today and got stopped out. Not sure why it's bouncing back like this.

Originally Posted by burrocrat

i think it was monday, 29 june 2015.

i tole ya.

but i can't take credit for it, it was already in the cards before i answered. if you know what to look for, the writing was already sprayed on the wall.