Friday, December 5, 2008

Markets Down 1.05% to 1.76%...So far So good!!!

Markets are taking the Doom & Gloom of 533K job loss in stride......

When GLOOM is this THICK.....Markets take it as a CONTRARY indicator...means we are in a TROUGH of economic cycle.....which may indicate that economic despair is hitting its LOW point...

Close should be of great interest to me to see which way Hedge funds/Institutions are placing their bets.....

Oil continues to hit new LOWS....Last trade $41.51...It Must help boost confidence of consumers worldwide...

In my portfolio :

HOU Down 30 cents

HMU Down 48 cents

HSU Down 19 cents

HQU Down 12 cents

@ 12.26 PM following are green in my watch list :

URE,RIMM,IBN,STP,C,CTRN,ICE,YHOO,WYNN,
ISRG,XLF,FXI,NDN,TOL,DUG,UYG.

BLOG does NOT give buy or sell.

Saleem
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6 comments:

  1. MadmaxDecember 5, 2008 at 9:50 AM

    HELLO

    Hey

    I hope we close green

    ReplyDelete
  2. Stocks100December 5, 2008 at 9:54 AM

    Hi Carlton,

    You ,me & many others are hoping for GREEN.....

    Saleem

    ReplyDelete
  3. standardshighDecember 5, 2008 at 1:35 PM

    Hi Saleem,

    Very green very good!

    Signs of life again.

    Nice.

    Best Regards

    ReplyDelete
  4. Stocks100December 5, 2008 at 1:51 PM

    Hi Standards,

    Market is definitely looking beyond economic data....

    Whenever data gets SHOCKING market gets going & looks to FUTURE....

    Too many skeptics...hardly any sellers left...so we have resiliency $$$

    Saleem

    ReplyDelete
  5. standardshighDecember 5, 2008 at 1:53 PM

    Hi Saleem,

    Look at GE sneaking up quietly from 12 > 18, nice move.

    Beat Regards

    ReplyDelete
  6. Stocks100December 5, 2008 at 1:55 PM

    Hi Standards,

    Few months from now...we will not believe how far we have moved UP from LOWS in many stocks...that is typical of bear market bottom....

    Saleem

    ReplyDelete