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dave, did you see today’s WSJ article about the widening SEC criminal case involving SAC?
“The U.S. opened a new front in a sprawling insider-trading case, unveiling criminal charges against two former hedge-fund managers at giant SAC Capital Advisors –one of whom allegedly ripped up his computer drives with pliers after reading a Wall Street Journal report on the probe late last year. The fund manager who destroyed the computer gear later dumped the pieces in four separate garbage trucks around New York City the night the article ran”.
Two weeks is not a very long time. My very short term indicators are still bullish, but it is not about that.
It is about risk vs. reward. In my view, risks are very high right now, and most of the rewards are already priced in.
“My Advice: Take Profits. This is a very dangerous market.”
You said that about two weeks ago. Like virtually all of the technicians, this has been wrong.
Corporate buybacks at record numbers and still very large relative amounts of cash on the sidelines and still in bonds. The Fed will obstinately keep rates low until unemplyment rate drops.
Market continues to climb a wall of worry.
Yes, it’s due for a correction but why should it be more than 5% or so??? And are you going to be able to time exactly when to get back in? Unlikely.
Thanks, rf. I had no idea who actually owned Harry & David (nor did I really care) but I suspect that the business will be restructured/downsized, maybe even file for bankruptcy but the pears will still be available.
They are however, quite the luxury and an obvious fallout from the economic malaise.
Stock Market Averages have nearly doubled in two years.
Individual investors are finally returning to the gaming tables having missed the huge move.
Corporate Insiders are selling their own shares at a very high rate.
Long Term interest rates are rising.
Fear is a forgotten memory. Optimism is growing.
My Advice: Take Profits. This is a very dangerous market.
dave, did you see today’s WSJ article about the widening SEC criminal case involving SAC?
“The U.S. opened a new front in a sprawling insider-trading case, unveiling criminal charges against two former hedge-fund managers at giant SAC Capital Advisors –one of whom allegedly ripped up his computer drives with pliers after reading a Wall Street Journal report on the probe late last year. The fund manager who destroyed the computer gear later dumped the pieces in four separate garbage trucks around New York City the night the article ran”.
Two weeks is not a very long time. My very short term indicators are still bullish, but it is not about that.
It is about risk vs. reward. In my view, risks are very high right now, and most of the rewards are already priced in.
Might as well do Thursday b/c of the people that have family commitments on friday.
Both
POTD (Poll of the Day)
Sorry, this one isn’t raunchy, merely about Scott’s Coming Out Party. What night works PLUSAs:
Friday, March 11th
Thursday, March 10th
Both
Neither
“My Advice: Take Profits. This is a very dangerous market.”
You said that about two weeks ago. Like virtually all of the technicians, this has been wrong.
Corporate buybacks at record numbers and still very large relative amounts of cash on the sidelines and still in bonds. The Fed will obstinately keep rates low until unemplyment rate drops.
Market continues to climb a wall of worry.
Yes, it’s due for a correction but why should it be more than 5% or so??? And are you going to be able to time exactly when to get back in? Unlikely.
“the economic malaise”
Careful, dave, you sound like Jimmy “Mr. Peanut” Carter.
Thanks, rf. I had no idea who actually owned Harry & David (nor did I really care) but I suspect that the business will be restructured/downsized, maybe even file for bankruptcy but the pears will still be available.
They are however, quite the luxury and an obvious fallout from the economic malaise.
Maybe I should order some grapefruits.
Stock Market Averages have nearly doubled in two years.
Individual investors are finally returning to the gaming tables having missed the huge move.
Corporate Insiders are selling their own shares at a very high rate.
Long Term interest rates are rising.
Fear is a forgotten memory. Optimism is growing.
My Advice: Take Profits. This is a very dangerous market.