Saturday, June 03, 2006
market craziness
markets worried about a perfect storm,,,,,,,, they should be. thus far,, everyone thinks the momo money is in stocks, housing and gold of course. allllllllllllllllllllll of which require credit or cash to behold. and everyone has decided that the $usd is going to tank........ it may breifly,,, but not for long..... because in the end,, in order to have 'made a killing' in the above assetts,, you have to sell. (the end result is 'demand for cash') even goldbugs need a currency of some sort to buy and then sell their precious shiny illiquid metal. (how can gold be so rare or precious if i see it all over rap tv?) as for gold it can go either way,, i wont be buying,, hard to find a willing buyer later and the $usd is cheaper and may get cheaper,, dont matter,, eventually it will be 1 hgh demand item. as every buyer gets tight with his $usd's and every sellers is looking for a buyer.
anway,, a good market correction,, and dare i say a few months of stagnation are just what the doctor ordered. afterall,, our recent stock,housing, gold momo/bubble has been built on 1 mindset: everything goes up except the $usd and besides a few of us and the mattress stuffing cubans,, nobody is saving the $usd. wouldnt that be a hoot, if the $usd took off in a superspike!- warren buffett and george soros could loose big time if americans said NO more to their bet against us---which is a bet against the whole world too btw. i still do my part boycotting buffy products/services he wont be getting paper richer on my families back and then handing us his tax bill. too many other american products out there that work just fine and they will get my biz.
as most of you know,, i am very bearish on the markets for a variety of reasons. i do not care to support the wealth of those (60%+ of americans per bush polls) who forget the aid they demanded post 911--that takes $$$$, and currently bush has handed the tax bill to corprate america instead of to you and i. anyway,, keep an eye out in your neck of the woods for money market accounts......... they tend to pay pretty good in times like i am forecasting.
as for the market bubble, listed below again are reasons to not support the markets. the economy must be built stronger on companies business decisions not on the stupid whims of the retail shopper. crap like a $400 ipod is downright stupid, $140 for a pair of jeans, $5+ for a cup of flavored coffee, 'pay radio'- try turning OFF the radio and thinking/talking rather than hiding.
on the f/a-dd part of the markets, there is NO reason for the markets to 'go up'
1)insiders dumping shares
2)insiders mis dating employee stock options
3) former house flippers using more margin than 1999 levels
4) same traders have NO faith in america
5) look at what they did to the housing market
6) homebuilders/banks etc allowed for bubble mentality -we all pay for that
7)anals especially on cnbc upgrade to dump-we aint drinking the kool aide anymore
8) cramer says PG paying too much for G is good,, then his brain returns to him
9) cramer considers cheap employee stock options are buys by insiders-NO open market buys are insider buys
10) cramer thinks stock buybacks are good,,,,,,, why,, so some fund can dump? let those companies do a mini r-split,, afterall it was only a paperwork issue that flooded the market with shares.
notice cramer/cnbc made the list often, its about a mindset traders have these days. they dont think things thru,, all they want is whatever these talking heads tell them is good for the day. they led the market crash of 2000 mostly because they are entertainers first and credible last. they are fed/misled to say what is actually going on. ie: the other day (5/23) cramer noted alot of call action on AAPL,,, i couldnt find it,, but i did find alot of put action so much it made etrades alert list. AAPL JAN 08 45 Put WAAMI 3.30 0.20 (6.45%) 2500 -i posted it in real time at the GOT OPTIONS forum at thelion.com http://www.thelion.com/bin/forum.cgi?tf=got_options_&msg=5991&cmd=read
its not just cramer,,, bob pisani is often dead wrong,, when he says 'alot of buying in abc' it means dumping and selling-nice guy,, but the floor traders chump for sure,, another one is jennifer,, new pretty face cnbc is trying out-she got caught too. how about those kiddie anals pumping retail (dana telsey) her idea of dd was look at the parking lot,, no,, go in and look at the shopping carts contents. some other kiddie anal is bullish on goog because he bought right around the IPO,,,,,,,,,,, oh, yeah right,, thats a reason to buy goog,, lets ignore compitition and legal issues, insiders atm machine working well. sure we all use goog FOR FREE. at some point companies will do the math,, they have to generate so much in sales to justify what they are spending on those click ads. until then,, anyone with good SEO skills in their websites are banking on payperclick-------its like a hackers dream,, get paid to crack the code.
my point is keep in mind that anals tend to upgrade/downgrade not for dd reasons, but for trading action. the dd they use is simply the same as what a used car salesman tells you to make the sale. look at LEH+BAC upgrade in 1999 for AMT and recently,,,,,,,,,, but never a downgrade while it fell from $20-30 to $0.60,, it took them this long to get up and ahead,, and when they went back to the punch bowl for 1 more upgrade,, they got snagged in the option issues in the company. the SEC should check to see if either of them ever sold a share in the past 5-7 years. this practice is not just these two companies,, its everywhere. Robert W. Baird has been swing trading WPS- eventually that wont work,, Avondale Partners got real good with buying the bottom of MHK then getting a gap up on their upgrade,, held for a few weeks,, dumped,, then downgraded--led to gap down, Prudential doing it now on WB- expect a nasty fall down if not a gap down, makes you wonder what fundie hired them. upgrades and downgrades like these make the whole industry loose any credibility.
anway,, a good market correction,, and dare i say a few months of stagnation are just what the doctor ordered. afterall,, our recent stock,housing, gold momo/bubble has been built on 1 mindset: everything goes up except the $usd and besides a few of us and the mattress stuffing cubans,, nobody is saving the $usd. wouldnt that be a hoot, if the $usd took off in a superspike!- warren buffett and george soros could loose big time if americans said NO more to their bet against us---which is a bet against the whole world too btw. i still do my part boycotting buffy products/services he wont be getting paper richer on my families back and then handing us his tax bill. too many other american products out there that work just fine and they will get my biz.
as most of you know,, i am very bearish on the markets for a variety of reasons. i do not care to support the wealth of those (60%+ of americans per bush polls) who forget the aid they demanded post 911--that takes $$$$, and currently bush has handed the tax bill to corprate america instead of to you and i. anyway,, keep an eye out in your neck of the woods for money market accounts......... they tend to pay pretty good in times like i am forecasting.
as for the market bubble, listed below again are reasons to not support the markets. the economy must be built stronger on companies business decisions not on the stupid whims of the retail shopper. crap like a $400 ipod is downright stupid, $140 for a pair of jeans, $5+ for a cup of flavored coffee, 'pay radio'- try turning OFF the radio and thinking/talking rather than hiding.
on the f/a-dd part of the markets, there is NO reason for the markets to 'go up'
1)insiders dumping shares
2)insiders mis dating employee stock options
3) former house flippers using more margin than 1999 levels
4) same traders have NO faith in america
5) look at what they did to the housing market
6) homebuilders/banks etc allowed for bubble mentality -we all pay for that
7)anals especially on cnbc upgrade to dump-we aint drinking the kool aide anymore
8) cramer says PG paying too much for G is good,, then his brain returns to him
9) cramer considers cheap employee stock options are buys by insiders-NO open market buys are insider buys
10) cramer thinks stock buybacks are good,,,,,,, why,, so some fund can dump? let those companies do a mini r-split,, afterall it was only a paperwork issue that flooded the market with shares.
notice cramer/cnbc made the list often, its about a mindset traders have these days. they dont think things thru,, all they want is whatever these talking heads tell them is good for the day. they led the market crash of 2000 mostly because they are entertainers first and credible last. they are fed/misled to say what is actually going on. ie: the other day (5/23) cramer noted alot of call action on AAPL,,, i couldnt find it,, but i did find alot of put action so much it made etrades alert list. AAPL JAN 08 45 Put WAAMI 3.30 0.20 (6.45%) 2500 -i posted it in real time at the GOT OPTIONS forum at thelion.com http://www.thelion.com/bin/forum.cgi?tf=got_options_&msg=5991&cmd=read
its not just cramer,,, bob pisani is often dead wrong,, when he says 'alot of buying in abc' it means dumping and selling-nice guy,, but the floor traders chump for sure,, another one is jennifer,, new pretty face cnbc is trying out-she got caught too. how about those kiddie anals pumping retail (dana telsey) her idea of dd was look at the parking lot,, no,, go in and look at the shopping carts contents. some other kiddie anal is bullish on goog because he bought right around the IPO,,,,,,,,,,, oh, yeah right,, thats a reason to buy goog,, lets ignore compitition and legal issues, insiders atm machine working well. sure we all use goog FOR FREE. at some point companies will do the math,, they have to generate so much in sales to justify what they are spending on those click ads. until then,, anyone with good SEO skills in their websites are banking on payperclick-------its like a hackers dream,, get paid to crack the code.
my point is keep in mind that anals tend to upgrade/downgrade not for dd reasons, but for trading action. the dd they use is simply the same as what a used car salesman tells you to make the sale. look at LEH+BAC upgrade in 1999 for AMT and recently,,,,,,,,,, but never a downgrade while it fell from $20-30 to $0.60,, it took them this long to get up and ahead,, and when they went back to the punch bowl for 1 more upgrade,, they got snagged in the option issues in the company. the SEC should check to see if either of them ever sold a share in the past 5-7 years. this practice is not just these two companies,, its everywhere. Robert W. Baird has been swing trading WPS- eventually that wont work,, Avondale Partners got real good with buying the bottom of MHK then getting a gap up on their upgrade,, held for a few weeks,, dumped,, then downgraded--led to gap down, Prudential doing it now on WB- expect a nasty fall down if not a gap down, makes you wonder what fundie hired them. upgrades and downgrades like these make the whole industry loose any credibility.
# posted by tagthatstock @ 4:54 AM 
