Well they cheated on bought Oil $1 before the 200ma. First resistance should be $126.
Everyone knows I am a Oil bull and I think Oil longer term is a $200 commodity but it sure wont happen overnight.
See You There
MARKETJEDI
Thursday, August 21, 2008
Hmmmm
Financials are DEAD money. FNM is going to my ultimate $1 target, when I spoke a couple of months ago that FNM would be $5 it was at $31, go check the blog. That is the fact and it happened. FRE the same DEAD money.
Now for something alot of people don't want to hear. WM going to $1, WB my thoughts is in trouble and will go down to $4, Citibank $6. Yep I am very bearish on the financials. Again I say IF you are buying financials you are going to kick yourself in the ass.
Where do we go next. I think we get a huge down move before the election, my bet is that it comes in September but who knows.
MARKETJEDI
Now for something alot of people don't want to hear. WM going to $1, WB my thoughts is in trouble and will go down to $4, Citibank $6. Yep I am very bearish on the financials. Again I say IF you are buying financials you are going to kick yourself in the ass.
Where do we go next. I think we get a huge down move before the election, my bet is that it comes in September but who knows.
MARKETJEDI
Wednesday, August 20, 2008
Turnaround today
Lets see if the bulls can put in a positive day today. I think there is a good chance they do
Tuesday, August 19, 2008
GOLDMAN CUTS LEHMAN
Goldman cuts projections for Lehman, others
Tuesday August 19, 5:56 pm ET
Goldman Sachs analyst cuts 3rd-qtr projections for Lehman Brothers, others as more losses seen
NEW YORK (AP) -- Lehman Brothers Holdings Inc. received more bad news on Tuesday after another analyst projected that the investment bank will unveil a big third-quarter loss.
William Tanona, an analyst at Goldman Sachs, said after the market closed he believes Lehman will post a $2.5 billion-to-$3.5 billion loss during the quarter. He also believes that any recovery for the troubled industry is still a few quarters away, and that many Wall Street banks will focus on purging their books of risky mortgage securities.
Tuesday August 19, 5:56 pm ET
Goldman Sachs analyst cuts 3rd-qtr projections for Lehman Brothers, others as more losses seen
NEW YORK (AP) -- Lehman Brothers Holdings Inc. received more bad news on Tuesday after another analyst projected that the investment bank will unveil a big third-quarter loss.
William Tanona, an analyst at Goldman Sachs, said after the market closed he believes Lehman will post a $2.5 billion-to-$3.5 billion loss during the quarter. He also believes that any recovery for the troubled industry is still a few quarters away, and that many Wall Street banks will focus on purging their books of risky mortgage securities.
No turn around tuesday
No turn around tuesday here this week. Maybe we get a turn around wednesday. I do expect us to test that 725 on the RUSSELL before we bounce.
Tomorrow watch that 1250 on the S&P if we open lower for a bounce.
MARKETJEDI
Tomorrow watch that 1250 on the S&P if we open lower for a bounce.
MARKETJEDI
Just on FIRE here !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
LEH death-
SKF higher and wants more.
TWM come on just give it a few it will soon explode.
Don't forget Citibank, FNM and FRE. Banks are dead. DEAD.
SKF higher and wants more.
TWM come on just give it a few it will soon explode.
Don't forget Citibank, FNM and FRE. Banks are dead. DEAD.
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