Comments on: First Day of Quarter

By: tradeking13

tradeking13 — Fri, 03 Jul 2009 02:16:46 +0000

BR, how can “cash roll into” (or out of) a secondary market? One man’s buy is another man’s sale.

By: thetanman

thetanman — Thu, 02 Jul 2009 13:43:36 +0000

Simon sez

It different this time. It’s gotta be.

tanman sez

Already is.

By: dead hobo

dead hobo — Thu, 02 Jul 2009 12:28:51 +0000

BR conjectured:

Lots of activity as cash sitting around rolled back into equities.

reply:
—————
Nope, my pile is just fine as is for now. Volume looks a little lame, too. Maybe you’ve been reading a little too much EricTyson lately?

By: adbutler007

adbutler007 — Thu, 02 Jul 2009 12:17:01 +0000

But Barry, what are you looking at in FusionIQ as the Research Director that leads you to be bullish?

By: Simon

Simon — Thu, 02 Jul 2009 08:30:58 +0000

Why not go short yet… perhaps the fruit is not yet be ripe to pick. Enthusiasm for stocks has not yet penetrated to sufficient depth within the investing populous to allow the market to roll over properly. The 50 day MA has just crossed above the 200 day MA and in the resent past that has been quite a good indicator for reasonably extended bullishness.

Personally I think it would be nuts to buy new longs here. The recession has been going since Nov 07 but its been only nine months since the biggest financial shock in living memory(almost) hit the worlds financial markets. It different this time. It’s gotta be.

By: aitrader

aitrader — Thu, 02 Jul 2009 08:02:59 +0000

I’m all in for a retest of the March lows before year end ‘09. S&P puts with 2010 expirys are just too cheap to pass up. I don’t mind tossing pennies into the wishing well if the potential payoff is 1,000-fold.

By: WaveCatcher

WaveCatcher — Thu, 02 Jul 2009 05:11:11 +0000

I think BR is bullish on the the Extraordinary Popular Delusions and the Madness of Crowds.

It is simply too early to go against the herd.

By: marksf

marksf — Thu, 02 Jul 2009 05:02:25 +0000

“Lots of activity as cash sitting around rolled back into equities.”

Um…. and the people who sold those equities now have said cash sitting around….

By: AmenRa

AmenRa — Thu, 02 Jul 2009 04:56:30 +0000

Sorry the link didn’t paste correctly. Here’s the link as text:

http://market-ticker.denninger.net/archives/1177-BOOM!-More-Obfuscation.html

By: AmenRa

AmenRa — Thu, 02 Jul 2009 04:55:02 +0000

@cvienne

Here it is http://market-ticker.denninger.net/archives/1177-BOOM!-More-Obfuscation.html

He links to the NY Fed’s OMO that shows the 7%.