8 replies to this topic

[Tor]

at the highs still....for now at least! hope it all works out either way, for me its too early if playing for direction.

[OEXCHAOS]

I'm flat with the short-term stuff. IT stuff may go flat, too. The single best Sell signal there is about to be triggered. It means that there's something like a 90% chance of a good sell off within 4 trading days and only a slim chance of trading more than 10 points higher during those 4 trading days. Mark

[Mtrader]

Not going down until after BlackStone IPO.

[denleo]

Who is short? I am waiting for new highs. The market promised me. Bulls never disapoint. I am ordering the market to go to new highs. Then we will see. Denleo

[relax]

no big data events
maybe summer solstice on june 21 can create a negative force ;-)

Not going down until after BlackStone IPO.

[arbman]

indices consolidate at the highs

I don't think this was the consolidation, I think this was the rally

Not going down until after BlackStone IPO.

You may be right;

Earlier this week, Blackstone raised eyebrows when it disclosed that Chief Executive Stephen Schwarzman made $400 million in 2006, nearly double the combined compensation for the CEOs of Wall Street's five biggest investment banks.

He might have that much power to have everyone wait for him...


The IPO is set for June 25th.

[Data]

They moved up the IPO to this week.

[Vector]

I guess for the 4 yr cycle low which at this rate should have a shelf life of about 1 month "Same old fears/Wish you were here..." -Roger Waters

Edited by Vector, 19 June 2007 - 07:37 PM.

[arbman]

They moved up the IPO to this week.

Looking at the performance of the FIG earlier and Blackstone's allocation in the high risk bonds around 50%, I do not think that it will be a very exciting IPO.

In fact, there is this remote chance that the record low spreads in the junk bonds might even get finally questioned seriously for a change...