Monday, June 23, 2008
Sunday, June 22, 2008
Stock to watch
Not an official call here but MEE seem to be in a bullish pattern. A break of the recent highs should send this one to $100. I am kind of cautious right here as I want to see what happens the first 2 days of this week trading. I wonder if the bulls are totally gone or they will try again here.
Citibank cutting Jobs
Citibank will be cutting over 10% of its worldwide employees most in the in investment banking group.
One of my favorite shorts this year as you all know. Lets see how it react to this news tomorrow
One of my favorite shorts this year as you all know. Lets see how it react to this news tomorrow
Last week of the quarter
This market is bad very bad.There are only a few small places to have your money. We will see continued high gas prices, food prices, and inflation.
There are a few ways to look at this. You could see it as a bad thing. Or, you could see it as opportunity. You see, in life, trends always go much further and last longer than everyone thinks. Look at housing recently. Way way up, and then way way down. Look at the NASDAQ bubble before that. Look at gold from $250/oz to $1000/oz. Typically, things don't change until thinks peak out, or bottom out. Not in the markets, but with everything. Even social issues. Everything goes to the brink and back again.
Such as it's going to be with government, the education system, everything. Things won't really change, until citizens start taking part in the running of society again. PTA's with re-form. Political rallies will be common place events. Things won't really change until citizens stop living in a fantasy world of entitlement.
Things may get worse before they get better. Dow 10,000? Maybe. More 'socialism for the rich' bailouts? Maybe. Bank Nationalization? Maybe. C'mon don't laugh. It happened in England with Northern Rock, and both the Bank of England and Federal Reserve are private banks owned in part by the Rothschilds, Morgans, Rockefellers, etc.
This is my socio-economic point of view of the world. Until everyone knows what money is, the "business cycle" will continually be up and down and up and down making people rich or poor over and over. Once a gold standard is back, income tax will be gone and so will inflation and the business cycle.
There are a few ways to look at this. You could see it as a bad thing. Or, you could see it as opportunity. You see, in life, trends always go much further and last longer than everyone thinks. Look at housing recently. Way way up, and then way way down. Look at the NASDAQ bubble before that. Look at gold from $250/oz to $1000/oz. Typically, things don't change until thinks peak out, or bottom out. Not in the markets, but with everything. Even social issues. Everything goes to the brink and back again.
Such as it's going to be with government, the education system, everything. Things won't really change, until citizens start taking part in the running of society again. PTA's with re-form. Political rallies will be common place events. Things won't really change until citizens stop living in a fantasy world of entitlement.
Things may get worse before they get better. Dow 10,000? Maybe. More 'socialism for the rich' bailouts? Maybe. Bank Nationalization? Maybe. C'mon don't laugh. It happened in England with Northern Rock, and both the Bank of England and Federal Reserve are private banks owned in part by the Rothschilds, Morgans, Rockefellers, etc.
This is my socio-economic point of view of the world. Until everyone knows what money is, the "business cycle" will continually be up and down and up and down making people rich or poor over and over. Once a gold standard is back, income tax will be gone and so will inflation and the business cycle.
Friday, June 20, 2008
Banks downgraded
Banks eps have just been downgraded by Merrill Lynch. Most noticeable is Bank of America who they added will lower their dividend
Option Expiration Today
Today we should chop around as today is option expiration. I dont expect alot of action today. Citibank news yesterday I think is putting another dagger in the heart of the financials. For the non believers out there some financial institutions especially the regionals will FAIL.
I say Donlad Trump on television yesterday say credit (lending) has totally dried up in the market and this tells me the regional banks that get 80% of their business from real estate will go under. Real estate can't survive without credit period. Real estate is not a cash market so if banks aren't lending this housing market will have a very long depression in my opinion.
Have a great weekend if today is slow..
Talk to you Sunday
MARKETJEDI
I say Donlad Trump on television yesterday say credit (lending) has totally dried up in the market and this tells me the regional banks that get 80% of their business from real estate will go under. Real estate can't survive without credit period. Real estate is not a cash market so if banks aren't lending this housing market will have a very long depression in my opinion.
Have a great weekend if today is slow..
Talk to you Sunday
MARKETJEDI
Thursday, June 19, 2008
Thursday
I am done for the day after the first 45 minutes as I have reached my profit goal for the day. I am going to do some cleaning etc.
If I do see anything interested I will update.
If I do see anything interested I will update.
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