Monday, March 14, 2011
3/14/11 Smokey/ Light My Fire
Only you can prevent your portfolio from going up like a funeral pyre.
Hard to believe the US indexes have dropped less than -4% in this landscape. I think it's just a matter of time before we see -7%. I don't care what they say about him, I'm siding with Smokey in this fight.
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Nikkei drops another -3.7% at the open.
ReplyDelete2nd - I agree...and it may be more on panic. I think Japan sees a downgrade across the board on their debt and that creates a panic. I wouldn't be surprised if we see the low 1,200's or even high 1,100's on a panic sell off. I'm sitting here ready and making my list.
ReplyDeleteIts Ok to chase.
ReplyDeleteJumping on the bandwagon brings rewards
Day traders made bigger profits when they moved with the herd.
"Uzzi and his Northwestern colleagues analyzed a year and a half of trades — more than a million transactions — made by 66 day traders at a single firm. Parsing the trading behavior down to a scale of seconds revealed sweet spots of synchronization —seconds to minutes when many traders were engaged in frenetic activity. On average the traders made money on 55 percent of their trades, but those who were in sync with their peers profited 60 percent of the time."
http://www.sciencenews.org/view/generic/id/71196/title/Jumping_on_the_bandwagon_brings_rewards
This is a pretty good site for real time data for free...
ReplyDeletehttp://www.futurespros.com/futures-indexes/
China stocks - Sounds like the sh%t is hitting the fan across the board, not gonna get their 10K's in by the 16th and CFO's/Audit firms are being fired or are resigning.
ReplyDeleteSBAY is off 35% AH....
ES now @ the morning lows.
ReplyDeleteCP- Yeah, it's pretty frign wild all of this is hitting today. I can find 5 today that were halted/fired auditors/CFO's hanging by their thumbs/boards running from the mobs.
ReplyDeleteS&P - Hard to believe it closed over 1294 today, this still feels like waterboard torture selling.
ReplyDeleteCP- I really hope your safe with CADC my friend.
ReplyDeleteCADC - I'm certain it's legit, but I suppose that doesn't mean it won't/can't delist.
ReplyDeleteSo, along with many, I don't understand what the problem is. Interesting thing is, CADC never was one of the hot stocks everyone wanted to play, it's not hyped by either side.
A quick trip to the store cost the ES another 10pts.
ReplyDeleteLet's get some panic guys...would love to see sub 1250
ReplyDeleteNikkei now down 13.5%.
ReplyDeleteES 1267.
ReplyDeleteHelicopter Ben scramble to your chopper now. Scramble Scramble Scramble
ReplyDeleteRB- He's already half way across the Pacific. Gonna dump enough $'s to smoother out any potential radiation.
ReplyDeleteES just broke the recent globex lows.
ReplyDeleteRadiation - I understand those reactors have a graphite pad in the bottom that catches the molten fuel and is shaped to spread it out in such a way that it cools.
ReplyDeleteKinda sounds like a really hard way to stop a nuclear reaction, doesn't it? I much prefer control rods and cooling water in the case of a boiling water reactor.
ES lows - That sure explains the PM weakness.
ReplyDeleteES down 30/1260.
ReplyDeleteI guess CNN doesn't do 'live' news anymore.
ReplyDeleteWhat do you guys watch? I'm still seeing reruns from earlier tonight.
ES 1253.
ReplyDeleteJust returned from another 'focus group' in SF.
ReplyDeleteRe: Nikkei Futures Down 1,350 Points (14%)/ Smokey newSubmitted by 2nd_ave (5319 comments) on Tue, 03/15/2011 - 00:26 #81563 (in reply to #81560)
ReplyDeleteBill, Pat and Vad all sounded warnings in their own way, did they not? Perhaps the most telling comment:
"In capital markets, there is an expression that sunlight is said to be the best disinfectant. Nowhere more so was this apparent than on Friday. Following a monster earthquake and tsunami in Japan, despite live broadcast coverage which spoke of horrors seldom if ever witnessed, the audience was being told that the death toll would be in the low hundreds and that people living within a two mile radius of a problematic nuclear facility were being asked to evacuate.
"Transparency is a wonderful thing. All of us knew from those televised images that the deaths would number in the multiple thousands and probably several tens of thousands, and that these nuclear power plants were exploding in a fashion that was endangering Japanese lives worse than at anytime since WW2."
The muted responses in global indexes on Monday didn't really do justice to the multiple calamities unfolding in Japan. Tonight's responses seem more 'realistic.' Nothing wrong with a major sell-off- not only are we overdue, but 'allowing' prices to move to where they 'belong' is the quickest path to stability.
Japan - This situation has gone way past the point that TMI experienced, they've released considerably more radiation to the environment already. They seem to be losing cooling water at high rates from the containment, which could indicate that the containment vessel is leaking.
ReplyDeleteAlso, during the TMI incident they had reliable electrical power, which isn't the case for Fukushima.
May get around to doing some buying tomorrow. 'night.
ReplyDeleteCNN - What's that? I don't watch much, CR when I get the chance, or NBR.
ReplyDelete