Posted:
#26
DRYS holding strong so far in this market . . . keeping my fingers crossed.
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June Stock Talk IV
Posted:
#28
Well the constant bull oil comments sure keep things going.
Anyone shorting oil is stupid. I wouldnt go long oil of course but I wouldnt go against it either.
Not sure where the rescue comes from for the markets, its not the FED, it isnt the government, it isnt the consumer..
That actually makes me more inclined to think we COULD get a bounce, because everything points to no reason for a move higher.
Anyone shorting oil is stupid. I wouldnt go long oil of course but I wouldnt go against it either.
Not sure where the rescue comes from for the markets, its not the FED, it isnt the government, it isnt the consumer..
That actually makes me more inclined to think we COULD get a bounce, because everything points to no reason for a move higher.
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Posted:
#29
What we don't need is for the government to fcku things up long term for a quickie fix.
Lots of yapping about oil regulation..........all I can say is the gov't. will ALWAYS get it wrong.
Hedge fund managers are always flush with cash, and they can easily touch off a short covering rally at any time.
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Posted:
#30
Yep..
But those short cover rallies are to scare retail shorts and weak legged hedge shorts, then to get short themselves.
I dont see a strong stock market reason to get excited from either candidate..not like Mike or Al being in the race..that would change things quite a bit.
I agree we get some rallies in the middle of the mess but we are still highly valued for where the economy is and the serious monetary policy quick sand we are in.
Too bad I am long some stocks..I dont want to sell a few names, even in this mess.
But those short cover rallies are to scare retail shorts and weak legged hedge shorts, then to get short themselves.
I dont see a strong stock market reason to get excited from either candidate..not like Mike or Al being in the race..that would change things quite a bit.
I agree we get some rallies in the middle of the mess but we are still highly valued for where the economy is and the serious monetary policy quick sand we are in.
Too bad I am long some stocks..I dont want to sell a few names, even in this mess.
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Posted:
#32
Last comment..
In past bear markets we always had private equity to swoop in and signal a bottom when they started picking up firms to take private and there are PLENTY out there that on paper look worthwhile.
There are airlines, financials, GM, some tech names, some healthcare names (PFE, MRK etc) who seem to be ripe to pick up for private money but that isnt going to happen this time.
Private money is tapped out or unable due to credit restrictions, so who is going to signal a bottom?
Retail investors arent..they dont have the strength, nor the home equity lines to tap etc.
The only thing I can see, and I see this actually happening is stock buybacks. Thats about the only thing that will save this market.
There are many companies with good looking balance sheets that can come in and buy their stock..and I imagine that is when we might see a longer term bottom is when BIG names and many names come out and start buying stock..so it wont happen from tech names like AAPL or RIMM or solar names, it will come from healthcare companies, consumer companies, financials who arent on life support.
Pretty scary thought that private money wont be involved much here...it is one big source that wont be involved in a market bottom.
In past bear markets we always had private equity to swoop in and signal a bottom when they started picking up firms to take private and there are PLENTY out there that on paper look worthwhile.
There are airlines, financials, GM, some tech names, some healthcare names (PFE, MRK etc) who seem to be ripe to pick up for private money but that isnt going to happen this time.
Private money is tapped out or unable due to credit restrictions, so who is going to signal a bottom?
Retail investors arent..they dont have the strength, nor the home equity lines to tap etc.
The only thing I can see, and I see this actually happening is stock buybacks. Thats about the only thing that will save this market.
There are many companies with good looking balance sheets that can come in and buy their stock..and I imagine that is when we might see a longer term bottom is when BIG names and many names come out and start buying stock..so it wont happen from tech names like AAPL or RIMM or solar names, it will come from healthcare companies, consumer companies, financials who arent on life support.
Pretty scary thought that private money wont be involved much here...it is one big source that wont be involved in a market bottom.
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