Virgil Showlion
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[b]leones potest resistere[/b]
Joined: Dec 20, 2010 15:19:33 GMT -5
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Post by Virgil Showlion on Mar 1, 2011 18:47:53 GMT -5
Off 1.6%+?
It's not unprecedented, but it's usually because of a strong rally in the USD. No such luck this time.
I thought with the ISM # beating all expectations, we'd have hopium flowing in the streets?
Or are traders worried that too much "recovery" too quickly means no QE3?
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tyfighter3
Well-Known Member
Joined: Dec 20, 2010 13:01:17 GMT -5
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Post by tyfighter3 on Mar 1, 2011 18:53:05 GMT -5
What a good day to buy NA Oil Stocks.
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Virgil Showlion
Distinguished Associate
Moderator
[b]leones potest resistere[/b]
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Post by Virgil Showlion on Mar 1, 2011 18:56:49 GMT -5
I have some April NXY calls at 22.50. Not going to sell them now. Fingers crossed.
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verrip1
Senior Member
Joined: Dec 20, 2010 13:41:19 GMT -5
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Post by verrip1 on Mar 1, 2011 19:03:14 GMT -5
Eh?  ? One day? ? Now a trend intrigues me, but I just can't get worked up over any single data point. I surmise that the short term US stock market data trend (with its sudden, sharp drop which slowed after a few days) shows a healthy test of confidence in the broader upward trend. |
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Post by itstippy on Mar 1, 2011 19:53:06 GMT -5
... and everyone's trying to figure out who has exposure to contracts signed by Qaddafi. They'll probably all be null and void soon, and they may be big liabilities when trying to land new contracts with whoever ends up in charge. A few weeks ago Qaddafi contracts were lucrative longterm performers. Now they're toxic. Who knows where the connections lead - most players were discreet about business contracts with that slimeball. There will be big winners and big losers going forward. Hopefully they're all insured by AIG and no one gets burned.
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Post by scaredshirtless on Mar 1, 2011 20:09:41 GMT -5
Bernanke even spoke today.
And it went down...
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Virgil Showlion
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Post by Virgil Showlion on Mar 1, 2011 21:03:20 GMT -5
The MSM has it chalked up to "surge in crude prices". The man is a visionary.  |
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Post by vl on Mar 1, 2011 21:16:13 GMT -5
Libyan rebels held ground through two assaults and ended up with MORE weapons than they started with (not hard to figure out where they came from). The "battle" for Libya had nothing to do with stock values. What does-- is the fact that Ghaddafi family members have some $30-40 BILLION in American banks and we plus others just levied sanctions on them. Pulling $30-40 billion out of our banks would collapse the global economy so... expect some sanctions on our banks to keep the business windows closed. We all know the markets are feloniously upheld by fiat bank monies so, milk-toasts were yanking cash so they could bury it in the backyard.
I found very little movement in metals, pretty good movement in auto manufacturers and BANKS.
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silverguy25
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Joined: Dec 20, 2010 19:11:30 GMT -5
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Post by silverguy25 on Mar 1, 2011 21:16:53 GMT -5
The entire "ENTERPRISE GROUP" is now in the Mediterranean.....plus a unidentified warship 400 Marines on one warship. 300 "Special Air Defense Interdiction Teams" on another... Stocks got shellacked today....but its not uninticpated...Lybia will be messy with the CIA taking the lead in regards all the interlocking assets involved...they are fighting hand to hand in the streets....the money says we go in ...watch this. Without UN approval? |
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Deleted
Joined: Nov 25, 2024 16:18:13 GMT -5
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Post by Deleted on Mar 2, 2011 8:19:33 GMT -5
Watch out below!!!
The market gods were angry that I hit a new milestone.
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Virgil Showlion
Distinguished Associate
Moderator
[b]leones potest resistere[/b]
Joined: Dec 20, 2010 15:19:33 GMT -5
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Post by Virgil Showlion on Mar 2, 2011 11:23:38 GMT -5
You shouldn't have insulted their prophet: Warren Buffet.  |
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Post by vl on Mar 2, 2011 21:15:49 GMT -5
Keep your eye on the prize, Virgil. Here in the US, gasoline has risen nearly 20% since the Libyan crisis started. It may not sound like a lot on the surface but with 1 in 6 in Michigan (and close to it in a lot of other states) relying on food stamps, retailers here are fully dead, right down to the grocers. Obama says- "let it rise" knowing that higher gas prices will blow-out all this market shiftiness. It will absolutely trounce the platforms, for sure. The trick is, who has the inventory and the balls to price needful stuff right and win the market through customer appreciation. This is absolutely the wrong time to listen to Wall Street or a broker!
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midwesterner (banned)
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banned
New Boss is same as the old Boss
Joined: Dec 20, 2010 14:00:47 GMT -5
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Post by midwesterner (banned) on Mar 3, 2011 0:22:24 GMT -5
Keep your eye on the prize, Virgil. Here in the US, gasoline has risen nearly 20% since the Libyan crisis started. It may not sound like a lot on the surface but with 1 in 6 in Michigan (and close to it in a lot of other states) relying on food stamps, retailers here are fully dead, right down to the grocers. Obama says- "let it rise" knowing that higher gas prices will blow-out all this market shiftiness. It will absolutely trounce the platforms, for sure. The trick is, who has the inventory and the balls to price needful stuff right and win the market through customer appreciation. This is absolutely the wrong time to listen to Wall Street or a broker! VL, I think your on the ball with this one. 40 million plus was last figure I found with Americans on food stamps. I believe it was about 22% unemployment going by real non fudged figures. That's a lot of reliance on government, and states are broke. What a mess. Imagine when the gravy train runs out, 40 million plus hungry people and jobless is not a good combination. |
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? One day?
