Tue Aug 2, 2011 11:02pm EST
Today the markets got crushed. The question is where do we go from here ? chessNwine has a good vid to help you decide.
Right now The PPT reads 1.7 coins on the SPY hybrid score. The overall market hybrid is 2.47
We have seen as low as 1.44 hybrid on the SPY before seeing a reversal so keep that in mind.
A look at the longer term charts show support @ 1244, 1220, and strong support @ 1200.
Also keep in mind that volume was huge today. But on a weekly chart the volume is just above average.
With all the derivative action behind the markets i’ll bet this is not over yet. Hope i’m wrong.
“Good Luck and Good Night”
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Tue Aug 2, 2011 10:26pm EST
Where is the outrage for this shit?
Full article
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Tue Aug 2, 2011 10:14pm EST
This guy makes me laugh. If his predictions ever come through I will laugh even harder as I have all the necessary precautions in place. Mama said to always be ready for a rainy day.
Full article
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Tue Aug 2, 2011 10:02pm EST
One could say the “State” has created a fictional fear in your mind in order to relieve you of your benefits…..little by little you see.
Others will say that would involve a tin foil hat.
This article takes an interesting point of view in consideration of our national debt.
The question posed is can you let go of your fear ?
Full article / video
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Tue Aug 2, 2011 9:32pm EST
Tue Aug 2, 2011 9:05pm EST
Down 1.7% in early trade.
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Tue Aug 2, 2011 5:53pm EST
Outlook revised to negative.
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Tue Aug 2, 2011 4:10pm EST
As predicted by many the deflation recession is stronger than many think. Bernanke did say he would manipulate asset prices. The question is how will they serve up shit on a silver platter so the public will agree upon it. On second thought when has the fed ever cared about image ?
Full article
Jump On It Bearded Clam
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Tue Aug 2, 2011 4:03pm EST
Expect QE3 and more stimulus shortly……
Full look
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Tue Aug 2, 2011 2:55pm EST
This country is getting out of hand form software, to business models, to literal copies of stores like Apple, Ikea, and Dolce & Banana….
Check out #8 with a dog on the menu…..
Full slide show
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Tue Aug 2, 2011 2:46pm EST
Do you think that the equity market has been good till just the other day?
WRONG
Except for a handful of favorite stocks, there has been deterioration for months…
Look at some industry groups…Thanks to Bespoke
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Tue Aug 2, 2011 2:43pm EST
NEW YORK (Reuters) – Pfizer Inc (NYSE:PFE – News) showed further weakness in its main business of prescription medicines, sending shares down more than 3 percent on concern over future growth as the company prepares to divest better-performing non-pharmaceuticals businesses.
The world’s largest drugmaker saw sales declines in primary care, specialty care, branded generic and oncology medicines during the second quarter. One of the few bright spots was that drug sales grew in emerging markets. (For a graphic on Pfizer’s earnings, see: http://r.reuters.com/vuf92s )
That could mean it is more vulnerable ahead of the U.S. patent expiration in November on its top-selling Lipitor cholesterol fighter. Generic competition has already begun to chip away at overseas sales of the $10 billion-a-year drug.
Pfizer said global prescription drug sales fell 3 percent in the quarter to $14.64 billion, and were down 7 percent after stripping out the benefit of the weaker dollar. Lipitor worldwide sales fell 8 percent to $2.59 billion.
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Tue Aug 2, 2011 2:42pm EST
Just when I bring myself to post one of his pieces; a good one, I would add; the man reverses himself inside of 24 hours.
Complete one-eighty, to be viewed here:
Maybe it’s the large cash position we have on hand in our ActionALertsPlus portfolio. Maybe it’s the sigh of relief — audible for me even as it seems to be inaudible for so many other people — but I want to do some buying here. I know the hazards:
1. Unknowns in the budget bill
2. Anemic hiring
3. Inflation
4. Lack of leadership
5. European woes
But guess what. We’ve dealt with all of those before, and they didn’t kill us. The systemic risk, the crisis risk of the president’s invoking the 14th amendment or selling the gold in Fort Knox, is off the table, and that’s what matters to me.
Which means earnings matter again. Now, having been through enough earnings to make some judgments, one can conclude that other than tech, steel, government-related (meaning funded) health care and banks, you’ve got far more good quarters than bad.
It’s true that consumer confidence has been sapped, and there’s no new stimulus coming from Washington, D.C. But there are plenty of companies that can do well with simple certainty from Washington. If Washington drops out of the picture — help or harm — it is a win for business.
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Tue Aug 2, 2011 2:41pm EST
Massive intervention has been underway in the Yen and most notably in the Swiss Franc. The question of the day is will safe haven buying of these currencies topple banks and the currency ?
Swiss France as a Safe Heaven Play
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Tue Aug 2, 2011 2:39pm EST
August 2, 2011 2:11 PM ET.
WASHINGTON (AP) – President Barack Obama has signed legislation to increase the nation’s borrowing authority and avert a potentially catastrophic government default.
Obama signed the bill privately in the Oval Office little more than an hour after the Senate voted final passage. It capped months of contentious and partisan debate. The compromise bill paired an increase in the debt ceiling with promises of more than $2 trillion of budget cuts over the next decade.
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Tue Aug 2, 2011 2:32pm EST
This should be a hedge fund….
Full article
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Tue Aug 2, 2011 2:16pm EST
No. Ticker % Change
1 TVIX 8.75
2 SOXS 7.60
3 TMF 7.51
4 YANG 6.84
5 EDZ 6.72
6 TZA 6.60
7 DRV 6.52
8 SRTY 6.49
9 LHB 6.46
10 MWN 5.44
11 FAZ 5.44
12 BGZ 5.26
13 NUGT 5.13
14 DPK 5.07
15 SPXU 5.02
16 AGQ 4.94
17 ERY 4.89
18 UBT 4.87
19 BZQ 4.65
20 EPV 4.61
21 SIJ 4.59
22 RETS 4.56
23 SCC 4.52
24 EEV 4.52
25 SSG 4.46
——————-
No. Ticker % Change
1 TMV -7.28
2 MWJ -6.99
3 LBJ -6.91
4 SOXL -6.81
5 RUSL -6.54
6 EDC -6.28
7 MATL -5.95
8 DRN -5.93
9 YINN -5.75
10 TNA -5.73
11 TQQQ -5.02
12 DUST -4.99
13 DZK -4.92
14 FAS -4.90
15 ERX -4.86
16 UPRO -4.84
17 TBT -4.84
18 BGU -4.84
19 BRIL -4.70
20 ZSL -4.68
21 MVV -4.48
22 EWD -4.41
23 EWO -4.37
24 UYM -4.25
25 UKK -4.23
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Tue Aug 2, 2011 1:50pm EST
Will it work ? Think not. How many times does humpty dumpty have to fall ?
Full article
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Tue Aug 2, 2011 1:47pm EST
Some ideas of what to do with your money now that the debt ceiling deal is being implemented.
Full article
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Tue Aug 2, 2011 1:38pm EST
Will austerity crimp consumerism and help cause a double dip ?
Full article
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