Comments on: Markets During Presidential First Terms

By: Markets During Presidential First Terms « ForgottenEcomony.com

Markets During Presidential First Terms « ForgottenEcomony.com — Wed, 06 May 2009 06:58:32 +0000

[...] First Terms Posted by W.N. Nasserdeen under Business, economics No Comments via: http://www.ritholtz.com “There’s a strong tendency for each new presidential administration to do whatever it takes [...]

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Fri, 01 May 2009 21:51:45 +0000

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By: some_guy_in_a_cube

some_guy_in_a_cube — Fri, 01 May 2009 02:24:59 +0000

Rising unemployment nearing 20% (U-6) with no obvious job drivers anywhere in sight. Collapsing housing prices. Endless wars. Failed, dysfunctional and corrupt educational, health care, legal and political institutions. Trillions of dollars of debt held by overleveraged individuals and businesses that will never be repaid. Surrender of a bankrupt government and the national economy to a handful of giant hopelessly insolvent banks.

Sounds like a bottom to me.

Hope springs eternal.

See you at SPX 150.

By: Mannwich

Mannwich — Fri, 01 May 2009 00:35:59 +0000

@money: The rally is truly complete crap. We were definitely oversold in March but there’s no way we should be at these levels already. At least that’s my take but what do I know?

By: call me ahab

call me ahab — Thu, 30 Apr 2009 23:49:22 +0000

leftback Says:

“Patience, prudence and ignoring your emotions are they key to surviving here.”

well said- emotions are key- reminds me of the march to 14,000- I was aghast- what was everyone smokin’?

By: leftback

leftback — Thu, 30 Apr 2009 23:41:22 +0000

I can’t help feeling that there has to be more deleveraging, more hedge fund and pension fund liquidation. When that happens we will see the US$ strengthen in a way that many of us find unfeasible and nonsensical.

If we have a few weeks of constant selling, the psychology of the market will weaken dramatically and quickly. So much so, in fact, that the bears would then look back and laugh at the angst around this present rally.

Patience, prudence and ignoring your emotions are they key to surviving here.

By: moneyneversleepsblog

moneyneversleepsblog — Thu, 30 Apr 2009 23:35:38 +0000

So most people seem to be ready for a short term pullback depending on how tomorrow goes (which is a little scary when too many are waiting for the same pullback) but what is verdict around here on whether it is just a nice normal pullback or the start of a new decline that takes the market to new lows??

That is the real debate whether the rally is truly complete crap or not. The numbers behind the pullback may be the clue.. the buy the dip crowd seems to have come back the last month or two.

By: call me ahab

call me ahab — Thu, 30 Apr 2009 23:23:49 +0000

Karen-

I will have you know that I posted here @ 1:37- I also posted on the other thread- I am a multi tasking poster-

I did ask AT a question just minutes ago on the previous thread referencing my belief in the Leftback Top™- I was interested in his observation-

we will see what if anything he has to say

By: leftback

leftback — Thu, 30 Apr 2009 23:10:06 +0000

For those who are curious, I am still away. But I am not “Stillaway”, if you see what I mean.
Of course I am deeply flattered at the attention to my Leftback Bottom™, and potentially my Top™.

I managed to stay in my short positions today, by the simple expedient of not watching the market at all.
There are days when one cannot recommend this method too strongly.

Perhaps others agreed with ahab that the Chrysler BK really is bad news.
Or maybe Blankfein hit the red button and sold the SPOOS. Have fun tomorrow, ursine and bvoine friends.

By: karen

karen — Thu, 30 Apr 2009 22:57:25 +0000

ahab, i see you found your way here from the previous thread, and andy posted there instead of here… so for those that wanted andy’s new latest post, go to the previous thread.