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post #132501 of 136697

TASE last closed down about -.20% on Thursday of last week and opened down about -.20-.30 and is down about -.65% now which is not too bad. Seems to be holding gains with some light selling. Most likely this light selling is from people booking profits from the gains of last week. Unless we see a major sell off it looks like gains are holding so far. Gulf Countries are up as well now.

 

http://www.tase.co.il/TASEEng/MarketData/Indices/MarketCap/IndexMainDataMarket.htm?IndexId=142&Action=1

 

Dubai's Index is up.

 

http://www.dfm.ae/Option3/default.aspx?t=N

 

 

post #132502 of 136697

Green means that people were buying as sellers finished booking their profits from last year. What was sold was bought + more to finish green. Also means gains from last week held. Most likely we may see a Santa Rally cooking in this week.

 

http://www.tase.co.il/TASEEng/MarketData/Indices/MarketCap/IndexMainDataMarket.htm?IndexId=142&Action=1

post #132503 of 136697

Thought I'd post this; its the front page of the Fort Worth Star-Telegram for Saturday, Dec. 3.  

 

 

DEC4NEWS.png

 

The front page snippet reads:  The US unemployment rate declined in November to 8.6%, the lowest level since March 2009, as the economy added 120,000 jobs.  November was the fifth month in a row in which the economy added more than 100,000 jobs, the first time that has happened since 2006, well before the Great Recession.  The report was the latest encouraging indicator for the US economy, coming on the heels of strong Black Friday retail sales, increased manufacturing production, and growing auto sales.  The National Federation of Independent Business said more of its members plan to add workers than at any time since September 2008.  "Something good is stirring in the US economy," economist Ian Shepherdson said. (bold added by me).

 

Incredibly irresponsible journalism IMO.  While everything mentioned is true, the front page snippet paints a picture far rosier than reality.  I wince at how many similar stories were run across the country and how many people read it and think the worst is behind us.  Freakin' crazy.  

post #132504 of 136697
Quote:
Originally Posted by bluestaq View Post

Thought I'd post this; its the front page of the Fort Worth Star-Telegram for Saturday, Dec. 3.  

 

 

DEC4NEWS.png

 

The front page snippet reads:  The US unemployment rate declined in November to 8.6%, the lowest level since March 2009, as the economy added 120,000 jobs.  November was the fifth month in a row in which the economy added more than 100,000 jobs, the first time that has happened since 2006, well before the Great Recession.  The report was the latest encouraging indicator for the US economy, coming on the heels of strong Black Friday retail sales, increased manufacturing production, and growing auto sales.  The National Federation of Independent Business said more of its members plan to add workers than at any time since September 2008.  "Something good is stirring in the US economy," economist Ian Shepherdson said. (bold added by me).

 

Incredibly irresponsible journalism IMO.  While everything mentioned is true, the front page snippet paints a picture far rosier than reality.  I wince at how many similar stories were run across the country and how many people read it and think the worst is behind us.  Freakin' crazy.  



Many overseas view US news as good news these days and are rallying off of it. Article on side says now is the time to invest  laughing.giflaughing.gif

 

http://khaleejtimes.com/biz/inside.asp?xfile=/data/business/2011/December/business_December63.xml&section=business

 

Saudi.png

post #132505 of 136697

http://www.ritholtz.com/blog/2011/12/ecb-to-surprise-next-thursday/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheBigPicture+%28The+Big+Picture%29

 

By way of an example, the rumour on Friday that Spain would be downgraded (inevitable) caused a significant sell of of the Euro – the rumour was denied by Fitch who stated that there was no IMMEDIATE threat of a downgrade – whilst not yet, it will happen, probably relatively soon, is how I read Fitch’s statement.

 

Equally important is next Thursday’s ECB’s decision. Personally, I believe there is a better than reasonable, though not (as yet) a good chance, that the ECB will surprise and cut interest rates by 50bps (down to 0.75%, from 1.25% presently) rather than just the 25bps, a number of analysts expect. A cut below 1.00% will have a significant impact, as the Market has believed that a 1.0% ECB minimum rate is sacrosanct – certainly true in the past.

 

 

An interest rate cut in Euro zone would lead to capital outflows from Euro into other currencies and probably cause the markets tank while strengthening the dollar.

 

 

Lower Euro Zone interest rates and a more accommodative ECB monetary policy is negative for the Euro – basically, short term interest rates will converge with that of the US, removing that support for the Euro. Threats of further downgrades of Euro Zone countries (likely re Spain and France) will also weigh on the currency. Furthermore, continuing problems (including further debt write offs/defaults) with Greece are inevitable, as is the certainty that Portugal will have to impose haircuts (in the order of 40%) on it’s debt – it’s current financial position is unsustainable.

post #132506 of 136697
Quote:
Originally Posted by JaysonW View Post

Quote:
Originally Posted by Venom08 View Post

Why do you people trade? My investment account is for me to build an alternative retirement account that probably won't be used for another 40 years so the money I make and lose short term doesn't directly affect me. My short term goal, i.e. less than six months, is to make a $150k profit and buy an exotic car. Do you have any plans for what you'll do with your money or have a goal in mind for how much you want to make?

I trade to buy my "toys". I want the new Samsung 32" 6500 series LED TV for my MBR, but I haven't been able to buy it yet. I went in too heavy in Goldman Sachs late last month. I'll work my way out of it & should be able to buy my TV by month end.

I'm playing with $25k in my trading account. I have this account setup on margin, but i never use it. I just wanted to avoid the settlement holdups. Then I play with $35k from my 401(k) thats in a direct rollover plan with scottrade.

Good luck with your exotic car purchase. What did you have in mind? Lamborghini? Ferrari?
Yes, a Lamborghini has always been a dream of mine but I want the Aventador which is about $400k. I drive an '09 Cadillac CTS at the moment and feel awkward in the car because it seems like the majority of the cars drivers are over twice my age... If I don't find a good deal on an exotic, or I get too stingy lol, I can probably settle with a BMW M3 or Porsche 911 for a while before stepping up to exotics. I spoke with a Ferrari owner and he says it costs him $1/mile to drove in terms of maintenance costs! :0
post #132507 of 136697
Quote:
Originally Posted by Venom08 View Post


Yes, a Lamborghini has always been a dream of mine but I want the Aventador which is about $400k. I drive an '09 Cadillac CTS at the moment and feel awkward in the car because it seems like the majority of the cars drivers are over twice my age... If I don't find a good deal on an exotic, or I get too stingy lol, I can probably settle with a BMW M3 or Porsche 911 for a while before stepping up to exotics. I spoke with a Ferrari owner and he says it costs him $1/mile to drove in terms of maintenance costs! :0


Get an M3, you will like it. I love mine. Fuel economy on the M3 is quite poor thoughfrown.gif

post #132508 of 136697
Quote:
Originally Posted by bluestaq View Post

 

Incredibly irresponsible journalism IMO.  While everything mentioned is true, the front page snippet paints a picture far rosier than reality.  I wince at how many similar stories were run across the country and how many people read it and think the worst is behind us.  Freakin' crazy.  


The stock market requires the retail buyer to come in and buy the highs, then panic and sell the lows. Its the only way the big money can profit.

 

The media is constantly manipulated or misinformed in order to achieve this goal.

 

post #132509 of 136697
Quote:
Originally Posted by Venom08 View Post

Yes, a Lamborghini has always been a dream of mine but I want the Aventador which is about $400k. I drive an '09 Cadillac CTS at the moment and feel awkward in the car because it seems like the majority of the cars drivers are over twice my age... If I don't find a good deal on an exotic, or I get too stingy lol, I can probably settle with a BMW M3 or Porsche 911 for a while before stepping up to exotics. I spoke with a Ferrari owner and he says it costs him $1/mile to drove in terms of maintenance costs! :0

My neighbor is a technician for Aston Martin and always seems to do quite well for himself. I asked him what they bill him out at and he said $240/hour! That makes my Lexus service at $85/hour look like a bargain. The M3's are very nice (and fast), good choice! I'll never own one though because BMW of Austin has a reputation of having the worst customer service.
post #132510 of 136697
Quote:
Originally Posted by StockJock-e View Post



The stock market requires the retail buyer to come in and buy the highs, then panic and sell the lows. Its the only way the big money can profit.

 

The media is constantly manipulated or misinformed in order to achieve this goal.

 


Then this is evidence we are topping out IMO.  Maybe we look back a month from now and find that Wednesday's announcement of central back cooperation to prop up the banks was the time to get short.  Only time will tell, but sentiment has made a u-turn and is going bullish again:

 

sc?s=$BPSPX&p=D&b=5&g=0&i=0&r=4793

 

Equity put/call ratio is skewing to the call side:

 

sc?s=$CPCE&p=D&b=5&g=0&i=t54330152735&r=2283

 

 

I wouldn't mind starting a small long-term short position here, but I do think we make a high just over the late Oct. high of ES 1289, and it wouldn't suprise me to get non-conformations in other indices.  

 

post #132511 of 136697
Quote:
Originally Posted by Venom08 View Post


Yes, a Lamborghini has always been a dream of mine but I want the Aventador which is about $400k. I drive an '09 Cadillac CTS at the moment and feel awkward in the car because it seems like the majority of the cars drivers are over twice my age... If I don't find a good deal on an exotic, or I get too stingy lol, I can probably settle with a BMW M3 or Porsche 911 for a while before stepping up to exotics. I spoke with a Ferrari owner and he says it costs him $1/mile to drove in terms of maintenance costs! :0


The owner of a scrap yard in my neck of the woods is a huge car guy; he's got the Bentley, the Aston, the Lamb, Ferarri's, Porsche, damn near every exotic car you could possibly wish to own.  You'd love him.  His kids drive beefed-up golf carts around the neighborhood and Baja through the vacant lots.  Pretty damn rotfl.gif to see a cart full of kids bouncing through ditches.  

 

I'm more of a classic car guy.  I'd settle for a sweet hopped-up Shelby Mustang, red of course!

 

mump_0912_01_o+1967_mustang_shelby_gt500+front_view.jpg

post #132512 of 136697
Quote:
Originally Posted by bluestaq View Post

Thought I'd post this; its the front page of the Fort Worth Star-Telegram for Saturday, Dec. 3.  

 

 

DEC4NEWS.png

 

The front page snippet reads:  The US unemployment rate declined in November to 8.6%, the lowest level since March 2009, as the economy added 120,000 jobs.  November was the fifth month in a row in which the economy added more than 100,000 jobs, the first time that has happened since 2006, well before the Great Recession.  The report was the latest encouraging indicator for the US economy, coming on the heels of strong Black Friday retail sales, increased manufacturing production, and growing auto sales.  The National Federation of Independent Business said more of its members plan to add workers than at any time since September 2008.  "Something good is stirring in the US economy," economist Ian Shepherdson said. (bold added by me).

 

Incredibly irresponsible journalism IMO.  While everything mentioned is true, the front page snippet paints a picture far rosier than reality.  I wince at how many similar stories were run across the country and how many people read it and think the worst is behind us.  Freakin' crazy.  


Perception is reality. Headlines like this has the potential to make regular joe blow feel a lot better about his situation and that can have very favorable impact on the economy. Fence sitting home buyers might start to feel like the bottom is in,  their jobs are more secure and interest rates as low as they will go etc....Real or not, re-inflation is the game plan and headlines like these can be very powerful IMO.
 

 

post #132513 of 136697

There already starting the news anticipation for the opening of the futures this eveniing.. let the games begin!biggrin.gif

 

Monti’s Cabinet Likely to Approve $32 Billion Italian Austerity Plan Today

  •  

The Italian cabinet may approve today new budget cuts and tax increases valued at 24 billion euros ($32 billion) to shore up the country’s finances.

A cabinet meeting will be held at 4 p.m. in Rome to approve the package, according to a statement by the office of Italian Prime Minister Mario Monti.

Monti, sworn in on Nov. 16 after Silvio Berlusconi resigned amid the deepening debt crisis, is under pressure to reassure markets as a selloff of the country’s bonds sent borrowing costs surging last month past the 7 percent threshold that led Greece, Ireland and Portugal to seek aid. Monti hasn’t yet disclosed details of the budget plan.

The budget plan will probably include an increase of the main income tax on the highest income bracket, new taxes on boats and other luxury goods and an overhaul of the pension system that will delay early retirement, two people with knowledge of the matter said today. They declined to be named because the plan is not public yet.

The government will also try to align the retirement age for women with that of men by 2018, the people said, adding that Monti also plans to re-introduce the so-called ICI tax on main properties to bring in at least 3.5 billion euros a year.

Monti also plans spending cuts to regions and other local administrations amounting to 5 billion euros while an immediate increase of the value-added tax has been ruled out, one of the people said. An additional 4 billion euros in savings could come from welfare system measures and automatic cuts to tax breaks approved by Berlusconi’s government, one of the people said.

Bonds Rally

Italian 10-year bonds last week rallied for the first week in eight as optimism that France and Germany are aligned on measures to stem the euro-area debt crisis boosted demand for the region’s higher-yielding assets.

Italian 10-year yields fell 58 basis points over the week to 6.68 percent, narrowing the yield difference over similar- maturity German bunds by 45 basis points to 4.55 percentage points.

Monti has met with representatives of the main political parties to build support as his government is scheduled to present the package to both chambers on Dec. 5.

Bitter Medicine

“Medicine is always bitter, but sometimes it’s necessary to prevent the patient from dying,” Pierferdinando Casini, head of the Union of Centrists party, said yesterday after meeting with Monti.

The measures the new government plans to take are “severe” and necessary to “make Italy better,” the leader of Berlusconi’s People of Liberty party, Angelino Alfano, said yesterday after the talks. “Monti has been called in precisely to take decisions which are far from easy, and we are aware of this,” he said.

The government’s proposals are ‘indigestible,” and “we are ready to counter the wrong decisions” that will be made, Susanna Camusso, head of Italy’s biggest union, CGIL, said yesterday.

 

post #132514 of 136697
Oil bears we might need to exit on the nxt leg down

A us drone has been shot down
No doubt iran is make nucks

Cold war part 2

Hedge funds, particularly those with a global macro-economic bias, have taken note, and are buying deep out-of-the-money call options that could pay off big if prices surge, senior market sources at two major banks said. Open interest in $130 and $150 December 2012 options for U.S. crude oil on the New York Mercantile Exchange (NYMEX) rose by over 20 per cent last week. Interest in the $170 call more than doubled to over 11,000 lots, or 11 million barrels. Still more traded over-the-counter, sources say. McNally says that oil prices could surge as high as $175 a barrel if the Strait of Hormuz -- conduit for a fifth of the world's oil supply, including all of Iran's exports -- is shut in.
post #132515 of 136697

$175 per barrel would cripple the whole planet's economy....even $130 would hurt the majority of people across the globe.

Think of how many people that would affect. Might also give some countries the idea of war with oil rich nations ( again ).

post #132516 of 136697
Quote:
Originally Posted by OldFart View Post

$175 per barrel would cripple the whole planet's economy....even $130 would hurt the majority of people across the globe.

Think of how many people that would affect. Might also give some countries the idea of war with oil rich nations ( again ).



I have a fellin soon somebodys gunna make a move on those idiots in Iran or Iran will make a move if there able in anticipation of what looks like the inevidable

 

post #132517 of 136697

Probably true...I am sure Israel is gearing up for it, and Iran is probably doing the same.

 

Quote:
Originally Posted by LilCoonazz View Post

I have a fellin soon somebodys gunna make a move on those idiots in Iran or Iran will make a move if there able in anticipation of what look like the inevidable

 



 

post #132518 of 136697



The UK Embassy attack and the Drone Iran shot down.. things could escalate....those idots love trouble for some reason and they bring it on themselves.. hard headed SOB`S..

Quote:
Originally Posted by OldFart View Post

Probably true...I am sure Israel is gearing up for it, and Iran is probably doing the same.

 



 



 

post #132519 of 136697



 

Quote:
Originally Posted by OldFart View Post

$175 per barrel would cripple the whole planet's economy....even $130 would hurt the majority of people across the globe.

Think of how many people that would affect. Might also give some countries the idea of war with oil rich nations ( again ).



I agree 100% with that. Right now,oil at $100 per barrel is "ok" given that we are going into the winter months. Personally,I would start getting nervous at $108 levels where I would most likely scale out of longs .  If we hit $115 ,markets would probably start to decline if they have not already started. An interesting winter is setting up for sure.

 

post #132520 of 136697


I can see why they would shoot the drone...but why announce it? That's the idiotic part, that's them trying to escalate a situation they certainly don't want.

Quote:
Originally Posted by LilCoonazz View Post



The UK Embassy attack and the Drone Iran shot down.. things could escalate....those idots love trouble for some reason and they bring it on themselves.. hard headed SOB`S..



 



 

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