Wednesday, January 28, 2009
Video
http://finance.yahoo.com/tech-ticker/article/164831/NYUs-Roubini%3A-%22Nowhere-to-Hide%22-from-Global-Slowdown
FED Day
Today is FED day and I think it might be wild. I would not be trading after the first hour till we get the announcement after 2:10 pm EST
The laugh will be on long term investors here
Now I wrote a brief note yesterday on the possibility of talks of a bad bank model by the Government and surely this morning it seems like it is true. I was hoping it wasn't but who am I, flocks this will just prop us up because the average guys will believe all is well and they big guys will sell into this rally.
We should see a squeeze here on the shorts and if we dont well bye bye :). I believe in the next 18 months we will be much much lower. So what do we do here? well you got to go with the flow and if it is long well go long. It will just be another false hope rally that wont do anything but set up a excellent short opportunity for big money. People don't understand that they are goign to need about $60 trillion to buy up all the toxic assets, where are they goign to get this money from??? They are setting the dollar up for on great disaster in the future and as I said in my email out last week, I think when that happens commodities will be the place to be.
One thing I know for sure, this will all end badly indeed. Right here and now I would not be short and most of you know I have been preaching not to initiate shorts here and I expected a bounce, now here comes the bounce so play it long or wait for it to get weak then short it.
Remember what that 883 level, we break that 900 here we come.
MARKETJEDI.
We should see a squeeze here on the shorts and if we dont well bye bye :). I believe in the next 18 months we will be much much lower. So what do we do here? well you got to go with the flow and if it is long well go long. It will just be another false hope rally that wont do anything but set up a excellent short opportunity for big money. People don't understand that they are goign to need about $60 trillion to buy up all the toxic assets, where are they goign to get this money from??? They are setting the dollar up for on great disaster in the future and as I said in my email out last week, I think when that happens commodities will be the place to be.
One thing I know for sure, this will all end badly indeed. Right here and now I would not be short and most of you know I have been preaching not to initiate shorts here and I expected a bounce, now here comes the bounce so play it long or wait for it to get weak then short it.
Remember what that 883 level, we break that 900 here we come.
MARKETJEDI.
Tuesday, January 27, 2009
FINANCIALS- Developing News
News developing here after hours that the Obama team is looking into developing a Bad Bank model with the purchase of illiquid assets from the banks. I have no idea how this will develop but this sound like a gateway to Nationalization of the Banks. This could be the bump the bulls need for a multi week rally but who knows. I had been calling for a bounce here and if this plays out as a bounce it will be a multiday-week but will end in the same direction.
I personally would love to see a bounce pan out.
We will see soon enough
I personally would love to see a bounce pan out.
We will see soon enough
FED - New powers
We must remember the FED is not part of the government and giving the FED more powers to save the ailing financial system is asking for trouble. I dont believe we should give the FED anymore power because we will be slave to them in the futures especially when all this money in the system needs to be mopped up with much higher interest rates.
Just another note here folks, the very very rich are loosing money here being long. Yesterday Kirk Kerkorian was cited saying he lived one year too long because he got killed last year. The problem is when you manage so much money it eventually gets too much to be nimble, think about driving a truck compared to driving a car.
Lets we nimble in our investment
Just another note here folks, the very very rich are loosing money here being long. Yesterday Kirk Kerkorian was cited saying he lived one year too long because he got killed last year. The problem is when you manage so much money it eventually gets too much to be nimble, think about driving a truck compared to driving a car.
Lets we nimble in our investment
Grinding higher
Well we grinding higher as we expecting but it is a grind. Slow and painful but might fire up some short covering over the globex highs
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