New Years resolutions are something that people make to note their shortfalls. To that extent my list should be extensive :) indeed. I for one is very far from perfect or where I really want to be in life but I try my best to make the negatives turn into positives or motivate me to do better. This year I think will be another wild year in the market and if I can I wont get caught up in the swings and just stay focused. I guarantee one thing anytime Cramer or the top analysts come out and say this is the bottom I will be shorting without mercy. I do think we bounce and we might bounce violently because people dont want to miss the boat up BUT this bear market will last for years and I am projecting it should last till Nov 2009. Just a note just because a bear market ends doesn't been we will project higher and I want to make a strong note of that, we could just be a range for years, which is the scenario I think might happen.
Real Estate is dead and wont com back for a long time, just too much inventory, coupled with the weakening credit and rising unemployment housing will not have any traction for years.
Commercial Real Estate I think will be also come into the same situation as consumer real estate. The news of poor holiday sales will prove to be the nail in the coffin for commercial real estate and we might be seeing an end to the build a mall anyway mentality of developers as the consumer begins to save where they can. I have a KILLER trade on this and I will show a few of you how to profit from this.
One more area I think will continue to see weakness is Banking. GS, I think can trade to $30 a share and possibly lower before this is all over. GS will eventually be gone in a few quarters because they can't sustain in this market with their present business plan. My #1 play for 2009 was RIMM and it totally was a winner even before the year started. My long term play still stands as FAZ and I think it will prove to be a double when all is said and done.
Finally I hope most of you have been reading the blog deciphering the inner statements and using it and stop giving credence to these mutual funds etc who continue losing your funds. Arm yourself will analytical skills and you can do it better than any money manager out there (except me! as I want to manage your funds) :). I got a few ideas just like early last year which panned out great (remember FNM, Citibank, Wachovia, S&P). Got some here folks, wont let you down 2009 is going to be better than 2008 so saddle up.
Thursday, January 1, 2009
Wednesday, December 31, 2008
TRADE CALL UPDATE: SSO calls: SOJAY
Selling them here @$2.35, bought at $1.85.
You had time to get into these as I said it was a play on the notion that we would bounce. Not bad almost 30% profit in a week.
ONLY WINNERS HERE !!!!!!!!!!!!!
You had time to get into these as I said it was a play on the notion that we would bounce. Not bad almost 30% profit in a week.
ONLY WINNERS HERE !!!!!!!!!!!!!
Tuesday, December 30, 2008
Action today
Got to love the low volume run ups. My question is why not last week??????
Anyways let we say this there is god possibility we grind higher and that was the reason of buying SSO calls last week. I am still out but just check what the market did at the close, I guess they might give Santa his visa :) altough late for the season
Anyways let we say this there is god possibility we grind higher and that was the reason of buying SSO calls last week. I am still out but just check what the market did at the close, I guess they might give Santa his visa :) altough late for the season
Monday, December 29, 2008
Away
Hey readers I am away but just want to update for a bite on some developments.
Firstly I will be having first technical class starting Sunday January 11. Classes will be based on individuals skill levels and we will look at stuff from how to trade, what to trade and where the market will be going in my opinion. Classes will last for 1 hour for each person and depending on the schedule we will see how many I will do in the first 2 weeks. Classes will cost $89 but I am offering a guaranteed stock pick at the end of each class which if you play will net you over $89, so basically the class will pay for itself.
Secondly I am extending my short list for 2009 till after the Inauguration of the new President and the class will be around $125 for 5 picks and $250 for 10 picks.
Third, I will be providing limited live coaching for those who want to take their trading to the next level but pricing will vary on your skill level and how many days I might need to prepare correctly. This is only for people who have time intraday to trade and want to make a living out of trading. I guarantee I will teach you tricks no one else will and show you what the big guys dont want you to know.
Last, I think 2009 will provide numerous opportunities and I have some that I will be playing in my fund. These strategies wont be on the blog so email me for info but these calls will be like 2008 calls on the financials, Fannie mae, Wachovia and the list goes on. I plan on making 2009 a huge year because I believe once again people will get sucked in and KILL this year again. I believe the bear market will last till 2010 but it wont be a straight ride down so you MUST trade it out.
MARKETJEDI-- Please email me to clarify anything above.
markjedi@gmail.com
Firstly I will be having first technical class starting Sunday January 11. Classes will be based on individuals skill levels and we will look at stuff from how to trade, what to trade and where the market will be going in my opinion. Classes will last for 1 hour for each person and depending on the schedule we will see how many I will do in the first 2 weeks. Classes will cost $89 but I am offering a guaranteed stock pick at the end of each class which if you play will net you over $89, so basically the class will pay for itself.
Secondly I am extending my short list for 2009 till after the Inauguration of the new President and the class will be around $125 for 5 picks and $250 for 10 picks.
Third, I will be providing limited live coaching for those who want to take their trading to the next level but pricing will vary on your skill level and how many days I might need to prepare correctly. This is only for people who have time intraday to trade and want to make a living out of trading. I guarantee I will teach you tricks no one else will and show you what the big guys dont want you to know.
Last, I think 2009 will provide numerous opportunities and I have some that I will be playing in my fund. These strategies wont be on the blog so email me for info but these calls will be like 2008 calls on the financials, Fannie mae, Wachovia and the list goes on. I plan on making 2009 a huge year because I believe once again people will get sucked in and KILL this year again. I believe the bear market will last till 2010 but it wont be a straight ride down so you MUST trade it out.
MARKETJEDI-- Please email me to clarify anything above.
markjedi@gmail.com
Saturday, December 27, 2008
Worst Predictions of 2008
Here are some of the worst predictions that were made about 2008. Savor them—a crop like this doesn't come along every year.
1. "A very powerful and durable rally is in the works. But it may need another couple of days to lift off. Hold the fort and keep the faith!" —Richard Band, editor, Profitable Investing Letter, Mar. 27, 2008
At the time of the prediction, the Dow Jones industrial average was at 12,300. By late December it was at 8,500.
2. AIG (AIG) "could have huge gains in the second quarter." —Bijan Moazami, analyst, Friedman, Billings, Ramsey, May 9, 2008
AIG wound up losing $5 billion in that quarter and $25 billion in the next. It was taken over in September by the U.S. government, which will spend or lend $150 billion to keep it afloat.
3. "I think this is a case where Freddie Mac (FRE) and Fannie Mae (FNM) are fundamentally sound. They're not in danger of going under…I think they are in good shape going forward." —Barney Frank (D-Mass.), House Financial Services Committee chairman, July 14, 2008
Two months later, the government forced the mortgage giants into conservatorships and pledged to invest up to $100 billion in each.
4. "The market is in the process of correcting itself." —President George W. Bush, in a Mar. 14, 2008 speech
For the rest of the year, the market kept correcting…and correcting…and correcting.
5. "No! No! No! Bear Stearns is not in trouble." —Jim Cramer, CNBC commentator, Mar. 11, 2008. Five days later, JPMorgan Chase (JPM) took over Bear Stearns with government help, nearly wiping out shareholders.
6. "Existing-Home Sales to Trend Up in 2008" —Headline of a National Association of Realtors press release, Dec. 9, 2007
On Dec. 23, 2008, the group said November sales were running at an annual rate of 4.5 million—down 11% from a year earlier—in the worst housing slump since the Depression.
7. "I think you'll see [oil prices at] $150 a barrel by the end of the year" —T. Boone Pickens, June 20, 2008
Oil was then around $135 a barrel. By late December it was below $40.
8. "I expect there will be some failures. … I don't anticipate any serious problems of that sort among the large internationally active banks that make up a very substantial part of our banking system." —Ben Bernanke, Federal Reserve chairman, Feb. 28, 2008
In September, Washington Mutual became the largest financial institution in U.S. history to fail. Citigroup (C) needed an even bigger rescue in November.
9. "In today's regulatory environment, it's virtually impossible to violate rules." —Bernard Madoff, money manager, Oct. 20, 2007
About a year later, Madoff—who once headed the Nasdaq Stock Market—told investigators he had cost his investors $50 billion in an alleged Ponzi scheme.
10. A Bound Man: Why We Are Excited About Obama and Why He Can't Win, the title of a book by conservative commentator Shelby Steele, published on Dec. 4, 2007.
1. "A very powerful and durable rally is in the works. But it may need another couple of days to lift off. Hold the fort and keep the faith!" —Richard Band, editor, Profitable Investing Letter, Mar. 27, 2008
At the time of the prediction, the Dow Jones industrial average was at 12,300. By late December it was at 8,500.
2. AIG (AIG) "could have huge gains in the second quarter." —Bijan Moazami, analyst, Friedman, Billings, Ramsey, May 9, 2008
AIG wound up losing $5 billion in that quarter and $25 billion in the next. It was taken over in September by the U.S. government, which will spend or lend $150 billion to keep it afloat.
3. "I think this is a case where Freddie Mac (FRE) and Fannie Mae (FNM) are fundamentally sound. They're not in danger of going under…I think they are in good shape going forward." —Barney Frank (D-Mass.), House Financial Services Committee chairman, July 14, 2008
Two months later, the government forced the mortgage giants into conservatorships and pledged to invest up to $100 billion in each.
4. "The market is in the process of correcting itself." —President George W. Bush, in a Mar. 14, 2008 speech
For the rest of the year, the market kept correcting…and correcting…and correcting.
5. "No! No! No! Bear Stearns is not in trouble." —Jim Cramer, CNBC commentator, Mar. 11, 2008. Five days later, JPMorgan Chase (JPM) took over Bear Stearns with government help, nearly wiping out shareholders.
6. "Existing-Home Sales to Trend Up in 2008" —Headline of a National Association of Realtors press release, Dec. 9, 2007
On Dec. 23, 2008, the group said November sales were running at an annual rate of 4.5 million—down 11% from a year earlier—in the worst housing slump since the Depression.
7. "I think you'll see [oil prices at] $150 a barrel by the end of the year" —T. Boone Pickens, June 20, 2008
Oil was then around $135 a barrel. By late December it was below $40.
8. "I expect there will be some failures. … I don't anticipate any serious problems of that sort among the large internationally active banks that make up a very substantial part of our banking system." —Ben Bernanke, Federal Reserve chairman, Feb. 28, 2008
In September, Washington Mutual became the largest financial institution in U.S. history to fail. Citigroup (C) needed an even bigger rescue in November.
9. "In today's regulatory environment, it's virtually impossible to violate rules." —Bernard Madoff, money manager, Oct. 20, 2007
About a year later, Madoff—who once headed the Nasdaq Stock Market—told investigators he had cost his investors $50 billion in an alleged Ponzi scheme.
10. A Bound Man: Why We Are Excited About Obama and Why He Can't Win, the title of a book by conservative commentator Shelby Steele, published on Dec. 4, 2007.
Where did Santa go???
Where did the Santa Claus rally go??? Did they revoke his visa or was he sick or are we just in a real bear market. It will be very interesting to see what we do this first week back from the holidays but until then stay safe and enjoy you holidays.
MARKETJEDI
MARKETJEDI
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