Markets were green going into last hour...then closed red.....
Advance decline were positive on NYSE & slight negative on NASDAQ....
Toronto exchange did not trade today due to computer problem.....
Louise Yamada was on Canadian Business Channel known as BNN and is POSITIVE on the current market TAPE saying it is in consolidation phase and will move HIGHER to first resistance..which she is pointing it to be 9000 on TSX another 250 points or so....similar number can be arrived @ on Dow also.....
Today...GS is making a BULLISH call on Canadian $ for a move UP ....CAD closed UP against US$ AGAIN.....created some green for me in my portfolio.......
VIX closed @ 49.84 Down 2.53 or 4.83% on a down day???? sign of "good things to come"!!!!
BLOG does NOT give buy or sell.
Saleem
12 comments:
Hi Saleem and others,
A good resource is Yorba.tv on the internet. I heard about it through Dan Zanger and haven't missed an interview. Michael Yorba had Tim Bost on today.
Best of luck to all as this year comes to an end!
Beatrice
Hi Beatrice,
Nice to hear from you again.
I will check Yorba.TV....
Good luck in next few trading days of this year.
Saleem
Hi Saleem,
BDI up again today.
Have a great weekend.
Hi Standards,
Thanks for your BDI update.
Shipping stocks are very strong $$$
Saleem
Hello to all
Looking for a bright Green day...
My BDI play in DSX and DRYS is woking --care to join me??
I got FRO and some NAT too for oil shipping play-I could be way early here.
I got C for a financial play and looking at FNM and FRE for a turn around did not buy these two yet
I own so much red that I can not do more! Their are so many bargains like the AG's stocks! I own Monsanto--It has come back and moved up nice the last 2 days-IMHO it is still way over sold.
PS. Did every one get there Christmass shopping done??
Peace to all Cheers
Hi Madmax,
FOUR BDI play is timely as it is working.
MON is also working....
AAPL should work today....
I am sticking with ETF only..as it is less STRESSFUL....
Saleem
Hi Madmax,
Merry Christmas, I have DRYS and GNK. Both in red. BDI moving up fast. Shipping should do well, hang in there. FNM and FRE too soon. FRE thinking of reverse split to stay listed. We may see one more big dip as reality sinks in.
Best Regards to All
Thanks to all of you for your insightful comments
FRE reverse spit is very interesting, IMHO
FRE is the better buy
IBD gives it a higher rating--you are right it is early in the game yet real estate should have a bottom very soon -- the interest rate is the lowest in 30 years and may go as low as 41/2 % this is stimulation city Sales will soar as well as allow refinance to work magic
thoughts
HERE is the today BDI rates
Baltic Dry Index (BDI) -7 829
Rates
BCI
(Cape index)
BPI
(Panamax index)
BSI
(Supramax index)
INDEX
1476
-39
543
+29
464
-12
SPOT 4 TCE AVG (USD)
10197
-340
4355
+231
4857
-121
YESTERDAY (USD)
10537
4124
4978
YEAR AGO (USD)
161436
69970 61811
Hi Madmax,
Low interest rates are great for realestate, however, people must have money to buy. I have rental property that's empty. No one is moving, everyone scared of job loss, tight spending by consumers. It will turn around, watch for buying interest in FRE by the big boys.
Best Regards
Hi Standards & Madmax,
Great discussion & info/insight for BLOG readers....
Saleem
To all
here is the list of DRYS as I know them:
my DSX is at the top:
Drybulk Symbol Last Volume Change
Diana Shipping DSX 14.01 1,508,395 -0.87 (-5.84%)
DryShips DRYS 12.93 11,730,950 0.50 (4.02%)
Eagle Bulk EGLE 9.24 1,042,790 0.36 (4.05%)
Excel Maritime EXM 8.20 1,705,805 -0.36 (-4.20%)
Freeseas FREE 1.82 59,416 -0.09 (-4.71%)
Genco Shipping GNK 17.68 1,866,295 -0.43 (-2.37%)
Navios Holdings NM 3.95 1,748,094 0.04 (1.02%)
Navios Maritime Partners L.P. NMM 7.00 20,164 0.20 (3.00%)
Paragon Shipping PRGN 5.26 194,317 -0.08 (-1.49%)
Safe Bulkers SB 7.78 173,737 -0.67 (-7.92%)
Seanergy Maritime SHIP 6.20 0 0.00 (0.00%)
Star Bulk Carriers Corp. SBLK 3.13 145,842 0.02 (0.64%)
TBS International TBSI 10.33 493,873 -0.28 (-2.64%)
as of 12/18/08 10:25 AM EST
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