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Cesarnc's market talk, gossips, rumours & fun

  • #17,541
  • Sep 16, 2009 5:57am Sep 16, 2009 5:57am
We've been running a tweaker economy and now we're giving it more tweak.
Gone to a better place
  • #17,542
  • Sep 16, 2009 7:03am Sep 16, 2009 7:03am
Quoting smikester
We've been running a tweaker economy and now we're giving it more tweak.
"agree"
The Chonchy
  • #17,543
  • Sep 16, 2009 7:26am Sep 16, 2009 7:26am
are we going down, nah, I'll just keep waiting....


Attached Image (click to enlarge)
Click to Enlarge Name: beachcomber weekend 107.jpg Size: 269 KB
The Chonchy
  • #17,544
  • Sep 16, 2009 7:37am Sep 16, 2009 7:37am
From the local police blotter:
A man from the 13000 block of Gracie Road reported a bear had gotten into his daughter's chicken coop the last two nights. It was gone, but he was concerned it would return. He said California Fish and Game would not respond unless the bear was on his property, and he was going to sit in his vehicle and wait for the bear to return. He was planning to use a flashlight to scare it off. He was advised not to wait for the bear and to stay indoors. He said the deputy didn't know his daughter in regard to the importance of her chicken coops, and said he was 94 years old and “if a bear decided to retire him, then so be it.” He said he would call back if the bear showed up.
  • #17,545
  • Sep 16, 2009 11:18am Sep 16, 2009 11:18am
Quoting GlobalMacro
I think we should start loading up longs....this guy's seeing too many bearish candles, too late...hmmm..

Wow!Wow!Wow!

just gotta love newsletters....that Willliam guy called a drop in equities right at the bottom as expected...

good thing tho I did load up on my longs back then.....S&P up 71 points or 7%, Dow up almost 600 points since his call and still going strong....

Thanks for posting it....

Very nice contrarian indicator...all we need now is for that guy to call "buy on top" and we're set to sell....lol....
Attached Image
Hear the music before the song is over ...
  • #17,546
  • Sep 16, 2009 11:26am Sep 16, 2009 11:26am
Quoting GlobalMacro
....S&P up 71 points or 7%, Dow up almost 600 points since his call and still going strong....




  • #17,547
  • Sep 16, 2009 12:34pm Sep 16, 2009 12:34pm
oh boy.
  • #17,548
  • Sep 16, 2009 3:18pm Sep 16, 2009 3:18pm
Quoting mtrmth
jobless recovery: think the 70's. there was gdp growth, but there was not alot of hiring, nor layoffs, hence jobless recovery. in layman's terms, all the jobs that were lost will not be coming back anytime soon, unless things change with govt spending and taxes.

easy credit is one thing, but giving easy credit and large lines of credit to people who do not make any money or can afford a house, along with the out of control govt spending, that is what got us into this recession.


But how can you expect people to pay back the credit when they have no job??.....ahhh who cares? as long as they sign the dotted line and we get our share.....(so goes the thinking in wall st.)

Don't get me wrong I am all for recovery but I just don't see the fundamentals for this sharp of recovery (30% since may)

This is acting more like a bear market correction then a bull run
Just Trade It
  • #17,549
  • Sep 16, 2009 3:19pm Sep 16, 2009 3:19pm
is packing for Spain.....Oh wait, this isn't facebook
Just Trade It
  • #17,550
  • Sep 16, 2009 3:40pm Sep 16, 2009 3:40pm
Quoting Big Wave Rider
is packing for Spain.....Oh wait, this isn't facebook
The Chonchy
  • #17,551
  • Sep 16, 2009 7:27pm Sep 16, 2009 7:27pm
Quoting Big Wave Rider
But how can you expect people to pay back the credit when they have no job??.....ahhh who cares? as long as they sign the dotted line and we get our share.....(so goes the thinking in wall st.)

Don't get me wrong I am all for recovery but I just don't see the fundamentals for this sharp of recovery (30% since may)

This is acting more like a bear market correction then a bull run
C'mon BWR, you know that unemployment is the worst indicator for economies because it lags too much (it's ironic that NFP gets the most trading action). I look at the Conference Board Leading Economic Indicators and they have been mostly up. The lagging indicators are not. So you know it's all about looking ahead. Nevertheless, I am also surprised at how quick the run-up has been - happy, but surprised. In fact, I even took a little equities profit today.
  • #17,552
  • Sep 16, 2009 8:57pm Sep 16, 2009 8:57pm
Quoting Big Wave Rider
But how can you expect people to pay back the credit when they have no job??.....ahhh who cares?
Hey, they say Trillion is the new Billion so I guess jobless recoveries are the new Recovery.

FUBAR...
  • #17,553
  • Sep 16, 2009 9:49pm Sep 16, 2009 9:49pm
Quoting ak4x
Hey, they say Trillion is the new Billion so I guess jobless recoveries are the new Recovery.

Who needs a job as long as you have credit?
  • #17,554
  • Edited 7:03am Sep 17, 2009 3:07am | Edited 7:03am
According to this I could afford to eat a Big Mac every 20 minutes:

Attached Image


Source: "The Economist" magazine (economist.com)


Very fetching photograph of you, by the way, chonchy. (In the fountain ... )
Gone to a better place
  • #17,555
  • Sep 17, 2009 4:40am Sep 17, 2009 4:40am
Quoting smikester
According to this I could afford to eat a Big Mac every 20 minutes:

Attachment

Source: "The Economist" magazine (economist.com)


Very fetching photograph of you, by the way, chonchy. (In the fountain ... )
hungry ummm, yummy
The Chonchy
  • #17,556
  • Sep 17, 2009 6:12am Sep 17, 2009 6:12am
WASSSSUP?

Good harve$$$ting here yesterday, recession who?

Bovespa vaporized the 60,000 level yesterday... And going up today already.... Dow 10k coming??

Gotta go... Few more things to do here before heading back home...

BWR @ Spain, Asta la Vista
  • #17,557
  • Sep 17, 2009 6:28am Sep 17, 2009 6:28am
I can't see the picture I posted in my last post. Can anyone else? Has it breached a copyright?
Gone to a better place
  • #17,558
  • Sep 17, 2009 6:54am Sep 17, 2009 6:54am
Quoting smikester
According to this I could afford to eat a Big Mac every 20 minutes:

Attachment

Source: "The Economist" magazine (economist.com)


Very fetching photograph of you, by the way, chonchy. (In the fountain ... )
Yeah I see the picture just fine.

Notice that they didn't mention Switzerland. Freakin $13.00 for a burger!!!
  • #17,559
  • Sep 17, 2009 7:26am Sep 17, 2009 7:26am
there isn't any grazing area for cows. they have to import all the beef.
  • #17,560
  • Sep 17, 2009 8:22am Sep 17, 2009 8:22am
Quoting cesarnc
Good harve$$$ting here yesterday, recession who?

Bovespa vaporized the 60,000 level yesterday... And going up today already.... Dow 10k coming??
Vaporized is the word, mate. If the Dow breaches 10,000, which it probably will, then for a few days it will be like walking on air. Literally.

Just make sure you pack a giant Mary Poppins style umberalla, because something real, like a parachute, won't work. Just my usual, humble, opinion.

World? Please prove me wrong...
Gone to a better place
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