Agreed about that being among their problems. If they weren't hedging up to at least a passable level, then they were straying away from being a true Hedge Fund.
Oh ... I'm not fighting it. Other than a small handful of heavy construction stocks which have already broken their trend are flagging upwards, I'm not going bull until I see the break. I'm just pointing out where the break would happen if it did. I see the developing pattern, but you have to wait till the pattern completes before you act. Right now we're still clearly below the trend line, and the last test of it was rejected with the violent selloff we saw on Monday. It will be tested again, possibly this week.
lol i love it....our govt to the rescue 15:53 Treasury is considering a plan to halt sliding home prices by lowering mortgage rates via Fannie and Freddie - WSJ
I know this may sound crazy, but speaking of mortgage rates and gummint intervention, any of you looking at homebuilders or do you still consider them way too risky even for a long-term buy?
depends on their debt levels. if you are buying homebuilders then i would make sure to buy on extreme weakness and don't buy into these rallies they have had.
well it looks like we are set up nicely for an awesome squeeze tomorrow. i hope it happens. i'd love to continue making money on this stupid volatility of buying extreme weakness and selling extreme strength at the close. the trend seems to be up ever since we had that last panic sell at the close day on monday. also DOD...as a tangent to the homebuilders it seems the plays like home furnishing, improvement, and construction have all been stronger. stuff like hd, low, shw, exp, mlm, flr, gva, jec, and so on.
OK ... market is at a major crossroads right now, in my opinion. There is so much bad news but the market refuses to drop, but it still doesn't seem to have enough "oomph" to push past the down trend line. We're just sitting right there. The 870 area seems to be the crucial point today (that goal post continues to fall closer each day). Perhaps we consolidate out of the downtrend, or perhaps we get a nasty selloff. Or perhaps we get a snap rally out of it.
Reading some blogs, the bears are frothing at the mouth. I'd love to see them get squeezed today just for giggles.
Yeah, but that would imply moving out of the downtrend and going into a sideways range-bound mode. That would still be a significant event, since it would possibly mean that one can finally start finding stocks/sectors, however scarce they may be, that can thrive in a depressed environment without being subject to general market volatility. Perhaps this is just a consolidation day, and we won't see any decisive action until tomorrow.
Still nothing of significance. Pivot at 860 is holding so far, volume is light, and it looks like the critical pivot to remain in the upwards channel we've had since Tuesday is 847. I guess we'll have to wait till tomorrow for the market to resolve itself.
robbie Recently you mentioned TBT for a hedge or just a play when the bond market turns. You suggested the price would get into the 40's and now it is bumping into the 43 -- 44 area. So something for people to keep in mind. UDN is bouncing off of fresh lows, but nothing substantial yet, so dollar based commodities continue to languish. Whenever things finally take a new direction, some people will be surprised.
