GS has created "one monster world market"
So...US markets are closed today.......
Does it matter to GS agenda.......of shorting worldwide.....
NO...No...No....
They are selling S&P500,Dow 30 & Nasdaq ......in FUTURES market....
Futures market are OPEN worldwide.......
I am SURE Treasury Secretary Paulson is very happy with "wink wink nudge nudge GS performance of Shorting"
I am sure Paulson "blind TRUST in GS is working like a charm"
I will be very interested to see..."when US govt will stand UP to GS agenda"
Tuesday will bring "DWARF BB into a tag team fight with GOLIATH GS"
Odds are 100 to 1.........Not a very good handicap......
Generally Kentucky Derby odds seldom go above 70 to 1 on the worst horse....which has 4 legs....BB has only 2 legs which is FROZEN..........
Saleem
30 comments:
Saleem,
I am glad the US market is closed today....may give BB, Congress and the Pres, time to touch base today and possibly ALL come out Tuesday to make the appropriate announcements...drop rates 50+ basis points, announce agreements and enhancements to the stimulus package.
Let's hope.... as it will START to get the market on the right path!
Hi Bruce,
When Confidence is shaken...it takes TWICE as much effort to get it back.......
Even a 3 year old KNOWS that.....
Too much TALK & PHOTO OP...has been going on.....
No action of any substance since August......
I will believe...when I see it !!!
Even an optimistic Taurus like me is dissappointed with US non-chalant atitude...in dealing with SEVERE economic strain.
Saleem
Saleem,
I see that Japan is down over 5% and China and Europe are selling off. I pray for a big announcement tomorrow, to stop the pain. I agree with you that the Paulson GS link is very uncomfortable and seems to be full of conflicts of interest... Scary times we live in. I will keep my Faith close to me as we watch powerlessly, these world course defining times. I know that if the Gary Schillings and Paul Panzers of the world had their way, we would all short ourselves out of existence and bring the stock values to zero before we would be happy.
Good Morning SALEEM:
WOW and pow--what a lousy day for world markets--AAPL down 6%, earning not to good! THat will kill tech stocks!
We need that 75 rate cut like now or we may get some more serious damage to markets as the world now seem to be catching up with US sick market. It not looking good.
Price of oil is below $90 Good!
Stay warm my friend it is 22 degrees in DC.
Hi Doug,
See...this is why I said to you few days back... that I am prepared for 1000 points drop.....
My exposure is 50% less than 5 weeks ago.......NO BIDU or AAPL..or RIMM......
Wed will be lot different than tuesday......my experienced guess...
We are getting to the resolution of issues NOW......it had to go this far...to get attention....of BB,WH & Paulson.....
Try NOT to worry.....
It will be over in a hurry also....this DOWNTREND !!!
GS agenda..runs white house !!!
Saleem
Hi Madmax,
AAPL ER will be good & guidance will match expectations......
It is 12 in Toronto area...& wind is making 6.....
Try that sometimes !!!
I actually went out & cleaned my driveway....always like snow free !!!
Saleem
SALEEM
I did not know that it was freezing in Toronto. WOW, you guys really get cold 12 degrees. Ouch.
I have been listening to BNN all morning all the news is down hearted and sad! CHINA and India down.
Watch your self shoveling snow. It can kill ya, Smile
Madmax
One should read billcara.com on Sunday late in the afternoon; his WIR (week in review). He is almost always spot on on the direction of the world markets. Right now he says we are half way through the US downturn. He looks for the DOW to move to 10K. He sees safety in the XLF soon since the financials are further along in their move down. Tech, tele, energy will take the biggest hit next. Financials are ahead of the curve because they are the sector to move the markets out of the bear at the bottom. The lagging sectors follow up. Cycle analysis. I'm flat in my trading account except for one gold stock.
Madmax,
Where did you get your information about AAPL's "not good" earnings? As I understand, they don't report until 5:00 TOMMORROW.
HELLO Brue
BNN says that AAPL sales and earnings in England are way off!! Dunno how this will effect AAPLS EPS here? Do you own AAPL??
I sold my AAPL shares as I felt tech was going to take a huge drop in price per share
Good Luck peace to all
Madmax
Hi All,
Great football on Sunday! NYG surprize win. Overseas markets are taking their cue from the US traders.
Not much we can do now. Prices will be marked down Tuesday before we have any chance to act on it. Any relief from the administration will help at this point. They may wait for a total crash in the market before stepping in. I did not wish to retire until I was at least 150 years old anyway! Just kidding!
Standards
Madmax,
I do own AAPL.
There is only one AAPL and related EPS, which at this time has NOT been announced. If questioned during Tuesday's conference call AAPL may be able to to explain what it's UK business has been during Q4 and what it may be going forward.
Maybe your referring to what BNN may have said regarding sales; however, I'm sure they didn't mention the UK's "EPS".
Saleem,
how is our LDK holding up today and can you give me your take on how you think it will hold up tomorrow? Thanks for your thoughts.
Hi Bruce,
I do not want to go on a limb...
But AAPL business is SOLID....
It will have blowout ER & Guidance will be in-line.....
AAPL ER AH will give Markets a BIG boost...I hope !!!
Saleem
Hi Doug,
LDK does not trade in www.tsx.com which is Toronto market....
Here RIMM (rim),POT,AGU trades alongwith all gold stocks abx,g,kgc,eld..plus su,tlm,
Currently RIM is down $5.18 was down almost $7...POT down $4.00 after being down $9.....
AGU which I own is down $2.48 after being down $4.65.....
As far LDK is concerned.....I am hoping That Solar will fare BETTER than general market.....
Unless one is planning to sell on tuesday AM first thing.....LDK NEEDS to be looked @ as 2009 play.
Hope it helps !!!
Saleem
I agree with you Saleem. Almost all position that are long are down in this market and are most likely going lower. We must discount this year totally and look to 2009 for the recovery and for higher prices on our current position. That is the way Buffett plays it. He buy quality stocks at good prices with good multiples and hangs on as long as the business numbers are good. He does not look at recessions, government actions or market movements to change his positions other than adding to current positions or entering new ones at bargain prices due to market unbalances. He still owns Wells Fargo. He's down like everyone else that is long.
Hi Stktrader,
I just bought UEX in Toronto which is down 47.5% from high...
It is a Uranium play...and explores in Canada.....
Uranium is oversold and this stock has come down from $9.30...I paid $4.88......
Yes ..I will WAIT until it moves UP or get taken over...whichever comes FIRST !!!!
Saleem
Hi All,
Another 2000 point loss in the dow from here? I could see it, if we were under attack like 911. But there is nothing going on here in the USA economically that I have witnessed thru my travels across the nation. Business as usual, except for prices going up from high oil costs. I do see businesses increasing their prices to equalize the additional costs. The market is tanking on pure innuendo that produces fear.
I have first hand experience with how the Media issues reports. They are being manipulated big time and they never check the facts, they just report what comes on the wire like dominoes. World news picks up on the story then its off to the races.
You would think we were all dying in our tracks, no food, no water. I can assure you Saleem, we are doing well here in the US. Never been better.
Standards
Hi Saleem,
I just checked my 401K plan at work and have taken a significant hit. I will be moving it to cash tomorrow but I can't before more bleeding until the end of business day.
Ouch! I have lost half of 07 gains. I wished I had moved sooner. If BB does not take action soon, the PANIC worldwide is what is driving the market at the moment thanks to GS. There is not ENOUGH EVIDENCE OF RECESSION to support this REACTION and downward pressure.
GS is definitely redistributing the wealth.
Diane
Uranium- a long term investment. I might be looking at selling the Cameco 25 or 30 puts tomorrow. Long term to get CCO/CCJ put to you below 30 would be a winner long term. I have been a buyer of Pinetree Capital with an average so far of $4. That is a long term play in my retirement account that is 2/3 filled at this point. To double down at 1.50 would be awesome if that ever happens.
Hi Standards,
US has the-best govt which money can buy.....
So...unless money contributors like GS agrees to any policy change...
Wall Street LOBBY RULES !!!
Remember NO UPtick requirement to SHORT......LOBBY got this done without any discussions....
Recession in US??? only on wall street to PROFIT FEW & PRIVILEGED $$$$
Saleem
Hi Diane,
Yes..It IS tough for all of US..
Unless Fed does someting BEFORE open...it wiil BE more of the same....
They keep hitting New Sectors..
Do whatever works for you....
Sorry to hear about your 401K results....
Saleem
BRUCE and the board
thanks agioan for the baord
As for AAPL
THe nes on BNN did speak about sales in England being down, I stand corrected. I was sure I heard earnings were down. Any who, it still is not a positive sign, but I will say it again, to I am blue in the face --we are looking at a very difficult market. Every news source is negative and BB seems to be asleep. By hte time Congress does something we will be at the bottom of the recession (that was the word they kept using today Recession) and the stimulas will not be needed. What I am scared about is if BB does not act sooner than scheduled the cut in interest rates may not be enought to give the market a boost up,
These are jsut some idel thoughts as I keep watching my net worth decline.
I will pray for all of us that we recover from this bear market. I am so sorry to hear that some peop0le are losing so much $$ in there 401 K.
Peace
Madmax
Hi Madmax,
We should NEVER lose sight of the fact that.....
Stock markets goes UP & goes DOWN..on a ROUTINE/PREDICTABLE manner......
Corrections CAN come anytime....one should always be READY & PREPARED for corrections....
Some corrections are average DOWN 6%...but some CAN be SEVERE...If our LEADERS go to SLEEP.....which IS the case NOW.....
I am sure that this correction WILL be OVER SOON......
Some economist in Canada are predicting GROWTH (yes it is a 6 letter word) in Q2......
So...why dont we all RELAX & look BEYOND the current downturn......
2009 is going to be very good for many stocks....imho
Saleem
TSX down 5% today. That equates to a DOW loss of 600 points.
Just for laughs:
Off the Nasdaq website for the 1st qtr 2008:
Dow down 1350 points...Halt for 1 hr.
Dow down 2700 points...Halt for 2 hrs.
Down down 4000 points... Close for the day.
Hi Saleem,
You probably have already read this article but just in case, here is a piece of the article from Greentech that was released today, regarding LDK:
LDK Investors Say They're Satisfied
An investor group releases a due-diligence report concluding the company has the silicon it needs this year and is ahead of schedule to produce what it needs in 2009.
by: Jennifer Kho
Bullet Arrow January 21, 2008
An LDK Solar investor group gave the company a vote of confidence with a report concluding there's a "high likelihood" the company will be able to get the polysilicon it needs this year.
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"I'm reassured they are on track," said Hakan Telenius, author of Thursday's report and organizer of the LDK Investor Group. The report was released only to members of the investor group, but Telenius also sent it to Greentech Media.
The group, which interviewed Chief Financial Officer Jack Lai on Monday, isn't exactly objective -- all members are investors -- but Telenius insisted the group was out to get the facts, not to hype the company.
"We are all investors in LDK who want to see the thing do well and make money, but mostly we want an honest investigation," he said. "We told the company we wanted firsthand information on various issues and that they could look at us as friendly analysts, so to speak, because we wanted them to succeed, but don't want anyone pulling the wool over our eyes, either."
Still, the reports are inclined to be favorable. The first was essentially reassuring and concluded that the market had overreacted to the allegations that LDK had misstated its silicon inventories, Telenius said.
In Thursday's report, the group said that while the polysilicon supply still will be tight this year, there is a "high likelihood" that LDK will be able to get enough for its needs.
If Goldman Sachs controls the market and plays the right side so often, should we not own the stock long term like a Berkshire B share.
Hi Doug,
Thanks for posting greentech report.
NO..I did not see that report.....
I was busy analyzing what to buy today @ the right price.....
Always debating between 3 stocks and doing DD....
LDK remains "the-most undervalued solar stock...based on every metrics I have learned.
Saleem
Hi Stktrader,
It is not IF ..GS does control the market......
GS sold sub-prime and shorted the-dickens out of that play....
If I was not in MA..I would have gone for GS....
I always control my $ exposure to the market.....no matter how many stocks I may like.
Saleem
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