Wednesday, May 19, 2010

TRY AGAIN

comments blocked for over 2 ours.......will try again

21 comments:

  1. Wha happen?

    Anyhow good prediction on us being screwed in SSRI, on tuesday.. It takes real skill to be dead right even while losing money :)

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  2. Those damned Ponzi Masters will do anything to stop the free flow of information. JD.

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  3. Hello all. This a very insightful read which supports the ideology of this forum. It also gives some interesting insight into the Chinese auto industry. Definitely worth the read.

    http://www.marketwatch.com/story/v-shaped-recovery-spells-another-crisis-2010-05-11

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  4. Your tests are coming through on my end Kli. Also a post by Morla.

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  5. My last two comments were deleted.

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  6. Hello all. This a very insightful read which supports the ideology of this forum. It also gives some interesting insight into the Chinese auto industry. Definitely worth the read.

    http://www.marketwatch.com/story/v-shaped-recovery-spells-another-crisis-2010-05-11

    Apologies if it is double post.

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  7. This comment has been removed by the author.

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  8. This comment has been removed by the author.

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  9. This comment has been removed by the author.

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  10. Apparently not anymore a post by Morla? Well whatever, I'm sure it'll be back to normal soon.

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  11. And now that post too doesn't show up.. Curiouser and curiouser.

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  12. Ok now its better again.. Your blog has a bad case of weirdness today Kli.

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  13. Anyway watching PAL and my poor SSRI I say.. I think it's a shakeout! Hold onto the tree! Your average goldfish might run from the sharks but a great white doesn't care about a tiny goldfish.. If the goldfish sticks around long enough the frenzy will leave plenty of meat bits in the water.

    Maybe you shouldn't listen to Morla but if you should then Morla thinks the miner investor at this point needs to be prepared to wait, and even get a little sick to one's stomach in the process.

    Historically every time I held a position to a point where I wanted to vomit.. Those are the times when everything was OK. I was long miners in 2008, and I held them.. Believe me HL and AUY were bloody painful in 2008 but for those who held the buying opportunities in March 09 were terrific when miners bottomed first.

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  14. I had a little too much bombay sapphire. Noone owes anyone any bones..;)

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  15. http://www.youtube.com/watch?v=rEpbfSlMVco

    Typical day at GS...:)

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  16. Major Crash’ Likely If Stocks Break May 7 Lows, Russell Says
    Share Business ExchangeTwitterFacebook| Email | Print | A A A By Elizabeth Stanton

    May 18 (Bloomberg) -- Investors should sell U.S. stocks because the market is at risk of a “major crash,” Richard Russell, editor of the Dow Theory Letters newsletter, said in a note to subscribers today.

    The decline would follow should the Dow Jones Industrial Average and Dow Jones Transportation Average fall below their May 7 levels, he said. They have risen 1.3 percent and 2.8 percent versus their closing levels that day.

    “If I read the stock market correctly, it’s telling me that there is a surprise ahead,” Russell wrote. “And that surprise will be a reversal to the downside for the economy, plus a collection of other troubles ahead.”

    The market started showing signs of deterioration in early April, including a shrinking number of stocks reaching 52-week highs and falling stocks outnumbering rising ones, he said. Russell, 85, has published Dow Theory Letters every three weeks since 1958 and posts daily market commentaries on his website.

    Dow Theory, which stems from observations made by Wall Street Journal founder Charles Dow during the late 1800s, holds that moves by the transportation average must be “confirmed” by the industrial measure, and vice versa, to be sustained.

    The Dow Jones Industrial Average fell 6.9 percent during the four days that ended May 7, sinking to 10,380.43, the lowest level since Feb. 26. The transportation gauge closed at 4,298.12, down 11 percent in four days. Downgrades of Greece, Spain and Portugal helped trigger the decline as the prospect of a sovereign default in Europe undermined investor confidence.

    “If the two averages violate their May 7 lows, I see a major crash as the outcome,” Russell wrote. With the exception of gold companies, Russell advised readers to “get out of stocks now, and I don’t give a damn whether you have paper losses or paper profits.”

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