Home › Forums › Financial Markets/Economics › 5 worries on Wall Street
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The-Shoveler.
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June 13, 2007 at 9:09 AM #58963June 13, 2007 at 9:09 AM #58992
Chris Scoreboard Johnston
ParticipantIf you want to give me the symbol in an email, I can look at that individual stock and tell you if I think it is overvalued or not. [email protected]. In general tech stocks carry high valuations that are not justified by economics, so I may not be able to tell much, but I am willing to look at it for you.
I disagree on the long term prospects of gold based on my research, so I would not recommend socking your money away there. It is wise to wait to buy though, I think we all agree on that, even though I did not wait myself, LOL!
June 14, 2007 at 11:01 PM #59482HereWeGo
Participantcaly – if your company has a strong balance sheet,I’d hold on to the options. If not, it’s your call.
jg- I’m back in, but diametrically opposed to your investments. It seems our wagers now involve far more than a single beer.
June 14, 2007 at 11:01 PM #59513Participantcaly – if your company has a strong balance sheet,I’d hold on to the options. If not, it’s your call.
jg- I’m back in, but diametrically opposed to your investments. It seems our wagers now involve far more than a single beer.
June 22, 2007 at 5:30 PM #61508Anonymous
GuestChris, are you still standing by your statement that the market will be fine until August? It sure seems a bit wobbly now with the Bear Stearns/Brookstreet imbroglio.
It sure would be ‘fun’ for some of the economic data coming out next week — home sales, personal consumption — to be weaker than expected. One can only hope (we Catholics don’t pray for economic windfalls, only for aid in more mundane, fundamental matters, such as finding a job).
June 22, 2007 at 5:30 PM #61547GuestChris, are you still standing by your statement that the market will be fine until August? It sure seems a bit wobbly now with the Bear Stearns/Brookstreet imbroglio.
It sure would be ‘fun’ for some of the economic data coming out next week — home sales, personal consumption — to be weaker than expected. One can only hope (we Catholics don’t pray for economic windfalls, only for aid in more mundane, fundamental matters, such as finding a job).
June 22, 2007 at 6:39 PM #61522what_a_disasta
ParticipantThat hope seems a bit unchristian/unamerican to me.
June 22, 2007 at 6:39 PM #61561ParticipantThat hope seems a bit unchristian/unamerican to me.
June 22, 2007 at 9:32 PM #61542Participantjg – yes, the commercials increased their longs to the highest position in the last year this week, which is very bullish. Also, bonds have halted for the moment their parabolic drop, so things look very good to me for the near term which is the next 30 days or so. The 5 stocks I own all fell very little today, so they are outperforming the market as a whole, which is the goal.
We do have a trading range here so I think we will break out to the upside out of it in the next few weeks some time. If we get weak economic data, that will likely spark a big rally in stocks because it will trigger a rally in bonds.
June 22, 2007 at 9:32 PM #61581Participantjg – yes, the commercials increased their longs to the highest position in the last year this week, which is very bullish. Also, bonds have halted for the moment their parabolic drop, so things look very good to me for the near term which is the next 30 days or so. The 5 stocks I own all fell very little today, so they are outperforming the market as a whole, which is the goal.
We do have a trading range here so I think we will break out to the upside out of it in the next few weeks some time. If we get weak economic data, that will likely spark a big rally in stocks because it will trigger a rally in bonds.
June 22, 2007 at 10:55 PM #61562ParticipantYesterday’s market gave us a second Hindenburg Omen sighting…and today’s activity in the market may give us yet a third zeppelin sighting. This now confirms the probability of a major decline in the next 120 days. The probability of a move greater than 5% to the downside after a confirmed Hindenburg Omen within the next 41 days after its occurrence is 77%, the probability of a panic sellout is 41% and the probability of a real big stock market crash is 25%. (Source: Wikepedia.com)
The occurrence of a confirmed Hindenburg Omen does not necessarily mean that the stock market will go down. On the other hand there has never been a significant stock market decline in history, that was not preceded by a confirmed Hindenburg Omen.
June 22, 2007 at 10:55 PM #61601ParticipantYesterday’s market gave us a second Hindenburg Omen sighting…and today’s activity in the market may give us yet a third zeppelin sighting. This now confirms the probability of a major decline in the next 120 days. The probability of a move greater than 5% to the downside after a confirmed Hindenburg Omen within the next 41 days after its occurrence is 77%, the probability of a panic sellout is 41% and the probability of a real big stock market crash is 25%. (Source: Wikepedia.com)
The occurrence of a confirmed Hindenburg Omen does not necessarily mean that the stock market will go down. On the other hand there has never been a significant stock market decline in history, that was not preceded by a confirmed Hindenburg Omen.
June 23, 2007 at 8:42 PM #61656Guestw_a_d, the sooner the bottom falls out, the sooner we get to work back to normalcy.
Call it unChristian/unAmerican if you choose; I call it time to start working through the inevitable.
June 23, 2007 at 8:42 PM #61696Guestw_a_d, the sooner the bottom falls out, the sooner we get to work back to normalcy.
Call it unChristian/unAmerican if you choose; I call it time to start working through the inevitable.
June 24, 2007 at 5:37 PM #61742ParticipantAgreed! I was just yanking your chain.
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