I don’t know what your models are saying, Chris

[patientrenter]

HWG, I am long stocks, but I don’t think the Fed’s job is to reflate the stock market or housing market.

Maybe that wasn’t your suggestion. Anyway, as long as 80% of the banks and the ‘system’ are still standing at the end, then we don’t need any bailout or excessive air added. I think it would be healthy to have one or two banks get taken over and the top management fired. Nothing personal, just healthy excision of excess moral hazard. I do not subscribe to the theory that almost all financial institutions must survive in order for the system to thrive. And dozens and dozens of hedge funds can become worthless with no long term harm to our society.

Patient renter in OC

[Chris Scoreboard Johnston]

My blog is http://www.iamafuturestrader.blogspot.com. I have had so much trouble with my satellite internet, that I have not been able to put something up every day. It often can take 2 hours to post something as my internet cuts in and out. I thought no matter what I needed to do it last night.

I just posted my most current view of things there last night. Ironically, one of the stocks I bought, rose yesterday, but the rest got hit just like everyone else. The commercials are still heavily long, which is an important component of my models. This is volatile trading to be sure, but please do not panic.

The basic fundamentals of the stock market are still intact, this is event based volatility. I wrote in my newsletter last month that I expected flat to down trading for the first two weeks of this month, followed by a bounce. Keep in mind going in to today, the market is still up on the week.

Your time horizon should be your main consideration as to what to do, the shorter it is, the more quickly you should act, the longer it is, the more slowly you should act. We probably have a 500 pt up day lurking out there somewhere soon. Today should be fun to watch based on the pre-mkt futures, and the Fed action with the Repos etc that went on this am.

I have been watching Kramer for kicks this week, and he just can’t seem to take a side, what a flip flopper he is. He is very bright, but he has lost some of my respect this last week. I might be dead wrong, but itleast I take a side and stay with it.

[Chris Scoreboard Johnston]

My blog is http://www.iamafuturestrader.blogspot.com. I have had so much trouble with my satellite internet, that I have not been able to put something up every day. It often can take 2 hours to post something as my internet cuts in and out. I thought no matter what I needed to do it last night.

I just posted my most current view of things there last night. Ironically, one of the stocks I bought, rose yesterday, but the rest got hit just like everyone else. The commercials are still heavily long, which is an important component of my models. This is volatile trading to be sure, but please do not panic.

The basic fundamentals of the stock market are still intact, this is event based volatility. I wrote in my newsletter last month that I expected flat to down trading for the first two weeks of this month, followed by a bounce. Keep in mind going in to today, the market is still up on the week.

Your time horizon should be your main consideration as to what to do, the shorter it is, the more quickly you should act, the longer it is, the more slowly you should act. We probably have a 500 pt up day lurking out there somewhere soon. Today should be fun to watch based on the pre-mkt futures, and the Fed action with the Repos etc that went on this am.

I have been watching Kramer for kicks this week, and he just can’t seem to take a side, what a flip flopper he is. He is very bright, but he has lost some of my respect this last week. I might be dead wrong, but itleast I take a side and stay with it.

[Chris Scoreboard Johnston]

My blog is http://www.iamafuturestrader.blogspot.com. I have had so much trouble with my satellite internet, that I have not been able to put something up every day. It often can take 2 hours to post something as my internet cuts in and out. I thought no matter what I needed to do it last night.

I just posted my most current view of things there last night. Ironically, one of the stocks I bought, rose yesterday, but the rest got hit just like everyone else. The commercials are still heavily long, which is an important component of my models. This is volatile trading to be sure, but please do not panic.

The basic fundamentals of the stock market are still intact, this is event based volatility. I wrote in my newsletter last month that I expected flat to down trading for the first two weeks of this month, followed by a bounce. Keep in mind going in to today, the market is still up on the week.

Your time horizon should be your main consideration as to what to do, the shorter it is, the more quickly you should act, the longer it is, the more slowly you should act. We probably have a 500 pt up day lurking out there somewhere soon. Today should be fun to watch based on the pre-mkt futures, and the Fed action with the Repos etc that went on this am.

I have been watching Kramer for kicks this week, and he just can’t seem to take a side, what a flip flopper he is. He is very bright, but he has lost some of my respect this last week. I might be dead wrong, but itleast I take a side and stay with it.

[HereWeGo]

pr-
They aren’t responsible for inflating markets, but they are responsible for financial stability.

The two moves this morning, stating that the discount window is always open and then buying $19 billion worth of MBS, those were two very nice moves, even better if the MBS securities are subprime/Alt-A.

The ECB has injected almost 200 Billion Euros the last couple of days. It’s about time the Fed awakened from its slumber and started to pull its weight.

[HereWeGo]

pr-
They aren’t responsible for inflating markets, but they are responsible for financial stability.

The two moves this morning, stating that the discount window is always open and then buying $19 billion worth of MBS, those were two very nice moves, even better if the MBS securities are subprime/Alt-A.

The ECB has injected almost 200 Billion Euros the last couple of days. It’s about time the Fed awakened from its slumber and started to pull its weight.

[HereWeGo]

pr-
They aren’t responsible for inflating markets, but they are responsible for financial stability.

The two moves this morning, stating that the discount window is always open and then buying $19 billion worth of MBS, those were two very nice moves, even better if the MBS securities are subprime/Alt-A.

The ECB has injected almost 200 Billion Euros the last couple of days. It’s about time the Fed awakened from its slumber and started to pull its weight.

[Author]

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