nikoschopen
2,824 posts
msg #54413
- Ignore nikoschopen |
8/28/2007 11:38:31 AM
On the verge of being axedS&P offered a bleak assessment of the housing sector saying, "Our rating bias for the U.S. home building sector remains decidedly negative". Of the 26 companies it rates 15 are "either on review for a downgrade or have negative outlooks, meaning the rating could be downgraded over the next six months to two years." (Reuters)
Isn't it funny that the market sold off sharply within the last few minutes before the close yesterday only to get clobbered today. Just what did the big boys know? Hmmm. If you remember two weeks ago when we made the new low, the market reversed instantly and spiked up, practically reclaiming all its losses for that day. Did they know the Fed would decisively lower the discount rate? Hmmm. Even after all these years, I'm still in awe when I see these thinly veiled sham. Whoever said that "insider trading" is (or was) a dirty practice needs a new definition.
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msummer2007
129 posts
msg #54415
- Ignore msummer2007 |
8/28/2007 12:11:35 PM
It is amazing how the big boy's always time the market to perfection. I never doubted for an instant this market is corrupt. The big boys got caught with their pants down a couple of weeks ago, and pleaded for the Fed's to bail them out and ease their plight. What a sham!!!
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nikoschopen
2,824 posts
msg #54416
- Ignore nikoschopen |
8/28/2007 12:28:57 PM
S&P is struggling to make a U-turn. Can it hold?
The next intermediate low: 1440
The next next intermediate low: 1430
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nikoschopen
2,824 posts
msg #54420
- Ignore nikoschopen |
8/28/2007 4:02:59 PM
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Countrywide Deal A Bargain, Not A Bailout
Bank of America receive wide acclaim from bailing out Countrywide Financial and bolstering sagging credit markets, but David Weidner says the bank shrewd opportunist than patriotic investor.
That sounds about right to me, don't you agree?
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nikoschopen
2,824 posts
msg #54444
- Ignore nikoschopen |
8/29/2007 3:42:55 PM
Even though it was an exciting day to trade with the bulls, I have no frigging idea about this market anymore. The market regained everything it lost yesterday, and I'm suppose to believe this is the result of mere "bargain hunting"? Something does not feel right and I can definitely use a cold shower.
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luc1grunt
622 posts
msg #54445
- Ignore luc1grunt |
8/29/2007 4:16:12 PM
Funny how the past couple months things have done a 180 in my noodle.
Long term investments are giving me pause while intraday trades and swings seem like a walk in the park (follow the trend and pick up cash).
I agree Niko, something feels funny (and not like climbing the rope in gym class).
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maxreturn
745 posts
msg #54448
- Ignore maxreturn |
8/29/2007 4:41:09 PM
Niko...statistically there is a strong tendency for the stock market to rally near month end. Theory is that the fund managers are trying to bolster the market to make their month end numbers look better. In addition there is a strong tendency for the stock market to rally into a holiday.
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nikoschopen
2,824 posts
msg #54449
- Ignore nikoschopen |
8/29/2007 5:03:28 PM
True, but it sure hell felt like the sky was falling yesterday (to my delight) only to see the radiant sun shining brighter than ever. I'm hardly considered a logical type, but lately I can't stand anything that defies logical explanation.
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nikoschopen
2,824 posts
msg #54452
- Ignore nikoschopen |
8/30/2007 2:35:09 AM
Somewhat off-topic but relevant to the recent erratic movements in the market. I think the market clearly lost its head.Man loses top of his head in brain operationWed Aug 29, 2007 11:08AM EDT
BERLIN (Reuters) - A German court has awarded 3,000 euros ($4,100) in damages to a man who had to have the top of his skull replaced with plastic because of a faulty hospital fridge. Doctors removed the top of the man's head and put it in cold storage while they operated on his brain, the court in the western city of Koblenz said Tuesday. Because the refrigerator was defective, the section of skull was not kept cool enough and could not be reattached. Doctors replaced the bone with a plastic prosthesis.
The man sought compensation of at least 20,000 euros on the grounds that the prosthesis caused him headaches, affected his balance and made him unduly sensitivity to the weather. Following consultations with experts, the court found that the operation had caused the man's discomfort, not the loss of the top of his skull. Compensation of 3,000 euros was "appropriate and sufficient," it said. "The experts consulted by the court concluded the new skull roof was better than the original," a court spokesman said.
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zhanglini
9 posts
msg #54455
- Ignore zhanglini |
8/30/2007 11:42:14 AM
The man is living in the "wrong" country. If he lived in the States, he would have been awarded US$1,000,000,000,000,000. Actually I lost count of all these 0s.
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