All Forums | Investments

June Stock Talk IV

Participants:
Search model icon
Views: 680
Posts: 34
 
Veteran
Participation Meter
Joined: Jan, 2006
Posts: 2704
Posted: #26
DRYS holding strong so far in this market . . . keeping my fingers crossed.


 
All-Star
Participation Meter
Joined: Jan, 2006
Posts: 14915
Posted: #27
Asia, as expected, went right down the drain.
 
Yeah, ACC, we need to peanut gallery to throw in the towel by becoming net short and piling on to the oil patch.  The manipulators will have a field day with that scenario.
 
Covers Linesmen
Participation Meter
Joined: Feb, 2003
Posts: 56851
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.
 
All-Star
Participation Meter
Joined: Jan, 2006
Posts: 14915
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.
 
Covers Linesmen
Participation Meter
Joined: Feb, 2003
Posts: 56851
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.  
 
All-Star
Participation Meter
Joined: Jan, 2006
Posts: 14915
Posted: #31
Yeah, WSC, I am in total agreement with you about the long term future, but I am all about trading only right now.
 
That's all.
 
Covers Linesmen
Participation Meter
Joined: Feb, 2003
Posts: 56851
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.
 
Veteran
Participation Meter
Joined: Apr, 2006
Posts: 3286
Posted: #33
wsc-

agree about buy back but question is when will this occur...closer to labor day/election/holidays?
 
 
Covers Linesmen
Participation Meter
Joined: Feb, 2003
Posts: 56851
Posted: #34
It could be longer than Labor Day..might run into next year before companies start buying back.

We have only been in this bad market for a few weeks, the DOW was over 13k not that long ago.

I would expect early next year if things keep going down.
All Forums | Investments
About Us
Contact Us
Careers
Our Team
Brand
Testimonials
Betting Guides
Sportsbook Reviews
Sports Betting News
Podcasts
Responsible Gaming
Sports Betting
US Betting Sites
Canada Betting Sites
Canada Casinos
Best Betting Apps
Contests
Streak Survivor
King of Covers
Ultimate Race
Office Pools
The Covers community has
618,670
lifetime members worldwide
Covers 25 Years Logo Established in 1995,
Covers is the world
leader in sports
betting information.
Site Map Help Privacy Terms of Service youtube logo facebook logo twitter logo instagram logo linkedin logo google news logo
Covers is verified safe by: Evalon Logo GPWA Logo GDPR Logo GeoTrust Logo Evalon Logo
Copyright © 1995 - 2025 CS Media Limited All Rights Reserved.

If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.