7 replies to this topic

[Cirrus]

This means they are more than willing to monetize the crisis. The bears will never win LT in this system. They will win some battles here and there but the war belongs to the bulls. I'm covering any and all shorts at the open. Plan is to nibble on some value like LMT and IR. Also nibbling on some eneryg stocks. I think we aren't too far away from a run in the XAU. I'm planning on doing plenty of daytrading on both sides until we see a tradeable bottom hammered out.

[selecto]

I saw the Pres say on TV just yesterday say that the government would not bail out the CDO crowd, yet this morning the Fed buys 19 bil, and at par, no doubt.

[Curt]

You may be right about sell offs being bought by someone, PPT? Do you have a link to the source of the Fed vs $2T of at risk mortgages? $2T is big for even the Fed's printing presses. tnx curt

[ogm]

This means they are more than willing to monetize the crisis. The bears will never win LT in this system. They will win some battles here and there but the war belongs to the bulls.

I'm covering any and all shorts at the open. Plan is to nibble on some value like LMT and IR. Also nibbling on some eneryg stocks. I think we aren't too far away from a run in the XAU. I'm planning on doing plenty of daytrading on both sides until we see a tradeable bottom hammered out.

take a look at NS.. thats probably the only energy play I'm buying. Aside from alternative energy.
Looking at some MLP's too. But haven't picked any yet. maybe XTXI

Edited by ogm, 10 August 2007 - 08:24 AM.

[Cirrus]

I will also say there is not going to be many shorts left...at least big money smart ones. Large pools of short capital have to be scared of the Fed and CBs. This is a partially engineered event, IMO, to set the stage for an ease early this fall. This should set the stage for an election rally and help homeowners out. IMVHO this will be the last major low in bond yields in a long time--but what do I know. oqm... I like asset plays such as BQI (posted a couple days ago), BTE, CNQ, GPOR, HOC.to (I have huge gains here and love this one), NXY, CHK (NG centric so I will wait), AXC.to and CNX (best coal company IMO with NG exposure and I'll wait). Service companies are NE, ACGY, NOV, HLX and RIG. Speculations....AOG, BZP

[Sentient Being]

I guess I'm naive, it seems to me that supporting a bubble is pissing in the wind, in the end it would make things worse if they succeed now?

[OEXCHAOS]

I don't think that they are supporting the bubble. It's broken. They're just trying to make it orderly. You saw it in the Bear market. We were SO overvalued and SO over-extended. When it broke, we never saw anything remotely like even a mini-crash. We should have seen at least one huge down day. Never happened. It never happened because the powers that be were engineering a nice, orderly decline. The housing market is toast, but they don't want it to totally collapse. It has corrected, in some places a lot. Now they want it to consolidate. And it will. Because they want it to and they have the power. Plus, it's pretty reasonable. We've had enough damage to remind folks that houses are assets just like stocks. No guarantee of profit. Mark

[Cirrus]

SB--it's what I've been saying for a few years. There is endless amunition the feds can throw at the markets. They can keep this up until the amunition they use won't buy a loaf of bread, cup of coffee or a gallon of gas. I may sound crazy here but take a look at history--which everyone should do. FIAT currency has been tried over and over and over in histroy. It has failed every time. We have a large statistical sample that bats 100%. We are all 'betting me' here in a way. Given the sample and history, which way would you bet? IMHO it will be like a frog in a pot. The temperature is already rising faster. I'm going to make sure I'm not that frog.