Dow

mewbie_2

Set the printers to max Mr. O'Bama, Kansas is going bye bye.

er. sorry. brain gone. yes a very good day for the dow.

Kez100

I've given up watching the shares (saving myself the price of a few prescripions in the process!) and am concentrating on my holding of norwegian kroner which have gone from a purchase price of 240 quid mid 2008, dropped down a bit but are now up to £265. Only way to keep sane at the moment.

StevieJ

Kez100 wrote: »

I've given up watching the shares (saving myself the price of a few prescripions in the process!) and am concentrating on my holding of norwegian kroner which have gone from a purchase price of 240 quid mid 2008, dropped down a bit but are now up to £265. Only way to keep sane at the moment.

Krona is good solid oil backed currency, I only ever bump into you on this thread

Kez100

StevieJ wrote: »

Krona is good solid oil backed currency, I only ever bump into you on this thread

I used to be around a lot but only find the time to check out, and join in, a few threads now. Now spring and then summer is on it's way (ha ha Gordon Brown and the banks - you can't stop the happy seasons!) joining in will only get more difficult. I know I am uptodate with what's going on in here so I can pop in and out, whereas others I'm not up to speed on.

mewbie_2

Bump. Or grind.

Still it was fun yesterday. Pity the FTSE didn't want to join in.

Kez100

FTSE is having a PMT sulk.

sabretoothtigger

If you have been a trader playing things from the long side over the past 18 months, you have been bitten more than once. Safe to say, there have been more than a few times you swore off getting long anything as the reward for being bullish has typically been the horns. It stands to reason, therefore, that when you are least prepared for a sustained rally, a sustained rally will occur.

The latest "plan" by the Treasury seems to be giving the market exactly what it is looking for.

Theoretically, removing "toxic" securities from the balance sheets of banks should allow them to lend capital instead of holding it as reserves against potential losses.
You will start to hear a whole lot about the "velocity of money." This is simply the frequency with which money is spent in a specific period of time.

As we have talked about a number of times, the market internals are looking the most healthy they have in quite some time. These internals should provide the backbone of a sustained rally to 900 in the S&P 500. I will say, again, buying "down days" instead of "selling up days" should continue to work for the foreseeable future.

http://www.thestreet.com/_yahoo/story/10476264/1/rally-looks-sustainable.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA


Other less positives are China discussing future world reserve or international currency besides the dollar

http://www.marketwatch.com/news/story/china-not-fooling-call-review/story.aspx?guid=%7B2A51BB30%2DF103%2D4F34%2DAD1C%2D443F4315B370%7D&dist=TNMostRead

Federal Reserve Board Chairman Ben Bernanke and Treasury Secretary Timothy Geithner flatly rejected on Tuesday a call from a senior Chinese official to drop the dollar as the world's key reserve currency.

http://www.marketwatch.com/news/story/geithner-bernanke-reject-china-currency/story.aspx?guid=!!7B77BC42-BCED-4568-9FB4-22493E84CCB2}&dist=TNMostRead



Also Peston notes the latest BOE 40yr gilt issue fell short

sabretoothtigger

Anyone thinking this rally is over extended, Im a pessimist I guess but that seems appropriate. I'd go with it if it was inflation backed even but that hasnt hit the street yet afaik

I think some profit taking before month end would be ideal. right now I think a trailing stop loss suits

Blinded by recovery hopes, investors fooled again

Commentary: While some trumpeted rally, others were selling

http://www.marketwatch.com/news/story/blinded-recovery-hopes-investors-fooled/story.aspx?guid={FAED670E-472B-41B5-BD47-9F19B81E1E72}&dist=TNMostRead

The Nasdaq's relative strength is quite striking, in fact. The Nasdaq Composite Index is now in positive territory for the year, with a 0.6% gain since the end of 2008.
The Dow, in contrast, is nearly 10% lower.

You might not care that the Nasdaq is a poor proxy for small stocks if it is nevertheless bullish when it is outperforming the largest-cap stocks.
But it isn't.
Care to guess when it was that the Nasdaq Composite Index exhibited the greatest strength relative to the Dow over the trailing quarter? That's right: It was in March 2000, at the very top of the Internet bubble.
I shouldn't have to tell you what happened next: The troops led the generals, all right, but it was over a cliff.

http://www.marketwatch.com/news/story/nasdaq-relative-strength-not-necessarily/story.aspx?guid=!!55AF6813-3EAD-4D12-870B-578D89F8E5B2}&dist=TNMostRead

bubblesmoney

Depression Babies: Do Macroeconomic Experiences Affect Risk-Taking?

another similar one from the times.

this might affect the shares investments for decades for the people who made big losses and also for the younger people who saw their parents make big losses probably.

Kez100

Looks like FTSE traders liked the G20 group photographs.

Noticed the word trillion was used as well. I guess they knew that billions just gets the reaction "Whatever"