think panic might ensue soon
fed doesn't have bullets left at this point
little hope of emergency rate cut unless we really tank
and we already cut from 5.25 to 3 and its not working anyway
plus baby boomers nearing retirement and got their nest egg (which is too heavy in equities to begin with) to protect
fed doesn't have bullets left at this point
little hope of emergency rate cut unless we really tank
and we already cut from 5.25 to 3 and its not working anyway
plus baby boomers nearing retirement and got their nest egg (which is too heavy in equities to begin with) to protect
He's a piece of work. 2 weeks ago it was sell, sell, sell because he agreed with the wachovia analyst at 250 that hospital spending was going to slow to a crawl.
Now at 305 it's buy buy buy because they reported a "hairless" quarter.
Today or tomorrow I think he will thrash NYX because it's getting drilled which will mean the bottom is near.
well that was a bear grind day if i ever saw one geesh
goes out at the pretty much the lows again
so far no panic just a methodical grind after giving bulls hope during the bear shake
we'll see if they can keep things somewhat stable....
and they have the problem that the fed already using up alot of bullets
i think alot of bulls holding out hope that the rate cuts will kick in soon and reverse the recent bad data pointing strongly to recession
if the data don't reverse watch out
goes out at the pretty much the lows again
so far no panic just a methodical grind after giving bulls hope during the bear shake
we'll see if they can keep things somewhat stable....
and they have the problem that the fed already using up alot of bullets
i think alot of bulls holding out hope that the rate cuts will kick in soon and reverse the recent bad data pointing strongly to recession
if the data don't reverse watch out
U.S. Consumer Confidence Down 6 Pts Latest Week
43 minutes ago
(RTTNews) - Overall U.S .consumer confidence was down again last week, slipping 6 points to -33 for the week ending February 3, according to Tuesday's ABC News/Washington Post survey.
Only 22 percent of those who responded expressed confidence in the economy, the data showed, down from 27 percent in the previous week. Just 26 percent said the buying climate was good, down from 28 percent a week earlier. Also, 52 percent indicated that their own finances were in good order, down from 54 percent the previous week.
The poll measures confidence in the national economy, personal finances and willingness to spend money. The score can range from 100 to -100.
43 minutes ago
(RTTNews) - Overall U.S .consumer confidence was down again last week, slipping 6 points to -33 for the week ending February 3, according to Tuesday's ABC News/Washington Post survey.
Only 22 percent of those who responded expressed confidence in the economy, the data showed, down from 27 percent in the previous week. Just 26 percent said the buying climate was good, down from 28 percent a week earlier. Also, 52 percent indicated that their own finances were in good order, down from 54 percent the previous week.
The poll measures confidence in the national economy, personal finances and willingness to spend money. The score can range from 100 to -100.
well today commodities and miners were down
along with a dollar spike
i'm starting to smell hints of deflation
only thing i hold is physical gold on the commodity ledger (i don't like the miner personally)
i'm actually short oil and gas companies via DUG
usually viscous bears don't give you many good choices on the buy side of the spectrum
along with a dollar spike
i'm starting to smell hints of deflation
only thing i hold is physical gold on the commodity ledger (i don't like the miner personally)
i'm actually short oil and gas companies via DUG
usually viscous bears don't give you many good choices on the buy side of the spectrum
well they followed the markets the last 5 years as the funny money games worked
so i think they will do similar (follow the markets) when the funny money games stop working
plus miners peaked out before gold itself peaked out at the most recent top
i expect miners to fall if we are indeed in a bear market which i obviously believe to be the case
others like DAW and jdog might have a differing opinion maybe they can chime in on it
honestly i don't follow the miners much anymore as did in the past
i likely be buying some more gold if we see a brisk fall to the 600s per ounce will just have to see how it plays out
so i think they will do similar (follow the markets) when the funny money games stop working
plus miners peaked out before gold itself peaked out at the most recent top
i expect miners to fall if we are indeed in a bear market which i obviously believe to be the case
others like DAW and jdog might have a differing opinion maybe they can chime in on it
honestly i don't follow the miners much anymore as did in the past
i likely be buying some more gold if we see a brisk fall to the 600s per ounce will just have to see how it plays out
overall i'm just bearish equities in general easiest way to put it
last 5 years everything went up (besides the USD)
so in reaction now that the tides are turning, think we in store for everything goes down
as consumption across the whole spectrum will go down IMO
last 5 years everything went up (besides the USD)
so in reaction now that the tides are turning, think we in store for everything goes down
as consumption across the whole spectrum will go down IMO
