White House ended up making the-best decision for Autos...which removes a BIG overhang for the market.....
Today's Option expiry is putting pressure on most stocks as.... MM try to KEEP stocks in their preferred strike price...a usual practice NEVER investigated by SEC.....
Markets are giving up most of the gains thanks to OE......
Crude hit the lowest level in many years today below $34.....today Jan contract is EXPIRING and Feb contract starts on Monday where prices are MUCH HIGHER.....so today COULD be the last day of CHEAP,CHEAP CRUDE.....
US$ is higher today..so I am red in my US$ short.....
In my ETF portfolio :
HOU Down 3 cents
HMU unchanged
HQU UP 15 cents
URE UP 19 cents
@ 11.47 AM following are reen in my watch list :
RIMM(higher guidance than consensus),AAPL,
YGE,KGC,TKC,YHOO,IGT,MA,BIDU,FSLR,
IBN,GOOG,DIG,SNY.
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hi All,
Madmax, you said GS indicated 30 dollar oil coming? They also said 150 dollar oil this summer, maybe this is a good contrary indicator, before prices start to rise again.
ATL gas $1.48 hoving, slightly higher. Lots of bargains out there.
Best Regards
HEY ALL
Yes this market is so interesting! You can not figure any thing out Looks like 2 qtr is the start of a solid turn around IMHO
Bargins are so prevelent wow!!!
The AG's got killed and Monsanto is way down too. Looks like oil will get a floor at $35--No one knows for sure--The Oil shippers MB are loaded with opinions!
I own FRO and it is starting a climb back to$35 and then on to $50 and hopefully a higher dividend.
Cheers
Hi Madmax,
Market will strat to move UP from here...as AUTO hangover is GONE...
I wonder what crisis CNBC will create NOW....
FEAR=RATINGS.....
Saleem
Hi All,
BDI still moving up.
I wonder why the media has forgotten the world destruction story of global warming and replaced it with a slight downturn in the US economy? Must not be that important. The two wars story? old hat, no one wants to listen to that either. So what crisis will be next?
Have a great weekend.
Hi Standards,
History is easily forgotten & priorities are redefined based on short term goals...
I hope that Obama will prioritize with future goals in mind !!!
Saleem
Hi Saleem,
At least Obama has the media by the tail now! Once they smell blood, they are like sharks. He's good for a few years if he plays their tune. IMHO.
Watching that BDI for the group.
Standards
Hi Standards,
Since you have been watching BDI closely & shipping stocks closely...which stock is a good buy @ friday's close.
My vote goes to DSX???
Saleem
Hi Saleem,
I like GNK and own GNK.
Scratching my head on DRYS. Waiting for the spin off of oil business.
Best Regards
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