Tuesday, March 31, 2009
Whiplash Month
March will go down as the best month for the indexes since 2002 but that could not save us from a terrible quarter for the markets. This quarter ending marks the sixth straight quarter of losses for investors in the stock markets and the upcoming months might prove to be much of the same. I read an article today about the upcoming crisis socially due to rising umemployment, crisis we have not seen in this country for decades.
Europe is going through a very difficult time and I see it happening there very soon as the Europeans are not as naive as us here, sorry if that offend anyone but it is the truth. The realization here is that we have sit on our butts too long as the politicians give us crap and we suffer in the end. Imagine President Obama told GM CEO to step down but he still gets $20 million, really is this right? Do I get 100k if I leave my job for not performing? really why do the authorities that be stop this and we the taxpayers pay for this over and over. I mean we are nothing in the grand scheme of things but pawns for votes, that's why people who are ignorant who like to talk about they are right wing, left, wing , liberal , conversative, I say you are PAWNS on the table. The king, queen, knight and rook cares rats ass about you, that's the truth. They dont care and if you tell me more than that PROVE it to me!
Anyways I told myself no rants this year because I will get hate mail and I don't have time for that crap.
April 2 is very important, that's the date for the mark to market decision, it is playing out tricky for me to give some plays as I hoped that the market would ramp up into the decision for us to get a decent short. Right now I am thinking we will see 750 area soon. The bull struggled today to stay about 800 after they had a good chance to and that makes we think we are going to correct the upward move here. Watch the banks to sell of here in the first two weeks as they are overbought.
Keep it small and light here folks we will soon get the lights outs of our eyes and get some excellent quick plays.
MARKETJEDI
Europe is going through a very difficult time and I see it happening there very soon as the Europeans are not as naive as us here, sorry if that offend anyone but it is the truth. The realization here is that we have sit on our butts too long as the politicians give us crap and we suffer in the end. Imagine President Obama told GM CEO to step down but he still gets $20 million, really is this right? Do I get 100k if I leave my job for not performing? really why do the authorities that be stop this and we the taxpayers pay for this over and over. I mean we are nothing in the grand scheme of things but pawns for votes, that's why people who are ignorant who like to talk about they are right wing, left, wing , liberal , conversative, I say you are PAWNS on the table. The king, queen, knight and rook cares rats ass about you, that's the truth. They dont care and if you tell me more than that PROVE it to me!
Anyways I told myself no rants this year because I will get hate mail and I don't have time for that crap.
April 2 is very important, that's the date for the mark to market decision, it is playing out tricky for me to give some plays as I hoped that the market would ramp up into the decision for us to get a decent short. Right now I am thinking we will see 750 area soon. The bull struggled today to stay about 800 after they had a good chance to and that makes we think we are going to correct the upward move here. Watch the banks to sell of here in the first two weeks as they are overbought.
Keep it small and light here folks we will soon get the lights outs of our eyes and get some excellent quick plays.
MARKETJEDI
Home Prices no end in decline
WASHINGTON (AP) -- A widely watched index shows American home prices dropped by the sharpest annual rate on record in January.
The Standard & Poor's/Case-Shiller 20-city housing index released Tuesday tumbled by a record 19 percent from January 2008. It was the largest decline since the index started in 2000. The 10-city index dropped 19.4 percent, also a new record.
All 20 cities in the report showed monthly and annual price declines.
Prices in the 20-city index have plummeted 29 percent from their peak in summer 2006, while the 10-city index has fallen 30 percent. Prices are at levels not seen since late 2003.
The Standard & Poor's/Case-Shiller 20-city housing index released Tuesday tumbled by a record 19 percent from January 2008. It was the largest decline since the index started in 2000. The 10-city index dropped 19.4 percent, also a new record.
All 20 cities in the report showed monthly and annual price declines.
Prices in the 20-city index have plummeted 29 percent from their peak in summer 2006, while the 10-city index has fallen 30 percent. Prices are at levels not seen since late 2003.
Phoenix Arozina
Home prices down 48% from their peak. WOW is all I can say. I mean really why would I still own a home there it makes no sense just walk away. You bought a home for 300k and now it is worth $160 but your mortgage is 240k, why still pay it! makes no sense. Some of these places prices will never reach those peak prices without a drastic decline in the value of the US dollar and massive inflation.
Hmmm the stories never end
Hmmm the stories never end
Server Issues
A number of brokers early are sending out connectivity problems to the exchanges this morning. Make sure if you trading or logging on you check. Remember rumor of big virus suppose to hit tonight April 1st
Last day in March
Even with a positive March the market could not shake the depth of the bear market marking the first time since the 1930 the market have has six straight quarters of negative gains. April I hope is not as choppy as March but from what I am seeing here we 'SHOULD' get a bit of upside here. This morning we are gapping up and hopefully we fill the gap before moving higher. Why am I positive on he day? Well friday and yesterday we basically gapped down and failed to fill the gap, so I am just betting on a relief of some of this selling. I could be wrong but we will see soon enough.
Look for 800 and ultimately 805/806 to be strong resistance this morning/ today and a move above 808 which was previous support would put the bulls in good standing for the start of April.
I do think on the next decline we go below 750 area possibly to 732 but we will see when we are closer to that set up.
MARKETJEDI
Look for 800 and ultimately 805/806 to be strong resistance this morning/ today and a move above 808 which was previous support would put the bulls in good standing for the start of April.
I do think on the next decline we go below 750 area possibly to 732 but we will see when we are closer to that set up.
MARKETJEDI
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