Comments on: MID-DAY MUSINGS http://pragcap.com/mid-day-musings Sat, 11 Feb 2012 22:06:55 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Henry http://pragcap.com/mid-day-musings/comment-page-1#comment-7915 Henry Mon, 26 Oct 2009 21:47:50 +0000 http://pragcap.com/?p=11559#comment-7915 I came across this quote which i think is very interesting ------ "You know, teh only trouble with capitalism is capitalists; they're too damn greedy." -President Herbert Hoover to author Mark Sullivan I came across this quote which i think is very interesting
——
“You know, teh only trouble with capitalism is capitalists; they’re too damn greedy.”
-President Herbert Hoover to author Mark Sullivan

]]> By: Octopus http://pragcap.com/mid-day-musings/comment-page-1#comment-7902 Octopus Mon, 26 Oct 2009 17:45:26 +0000 http://pragcap.com/?p=11559#comment-7902 Naaaah, I just sell it, if it goes up I buy it back... Seriously: I think that with this technical set up short is worth a try Naaaah, I just sell it, if it goes up I buy it back… Seriously: I think that with this technical set up short is worth a try

]]> By: Henry http://pragcap.com/mid-day-musings/comment-page-1#comment-7897 Henry Mon, 26 Oct 2009 17:21:22 +0000 http://pragcap.com/?p=11559#comment-7897 funny how they contribute the drop to this U.S. Stocks Retreat on Concern Housing Tax Credit to Phase Out http://www.bloomberg.com/apps/news?pid=20601087&sid=aL1cGynsS0qM Oct. 26 (Bloomberg) -- U.S. stocks fell, erasing an early rally, on concern lawmakers will phase out a tax credit for homebuyers and Bank of America Corp. will have to sell shares to pay back its government bailout. The dollar rebounded from a 14- month low against the euro and oil wiped out an early advance. Eleven of twelve shares in a gauge of homebuilders slid. Bank of America sank 5.7 percent on speculation government officials will force the company to raise more capital, while Fifth Third Bancorp, SunTrust Banks Inc. and U.S. Bancorp tumbled at least 3 percent after Rochdale Securities LLC analyst Dick Bove downgraded the shares. ------------ banks lead the weakness...but URE actually up...or unchanged. funny how they contribute the drop to this
U.S. Stocks Retreat on Concern Housing Tax Credit to Phase Out
http://www.bloomberg.com/apps/news?pid=20601087&sid=aL1cGynsS0qM
Oct. 26 (Bloomberg) — U.S. stocks fell, erasing an early rally, on concern lawmakers will phase out a tax credit for homebuyers and Bank of America Corp. will have to sell shares to pay back its government bailout. The dollar rebounded from a 14- month low against the euro and oil wiped out an early advance.

Eleven of twelve shares in a gauge of homebuilders slid. Bank of America sank 5.7 percent on speculation government officials will force the company to raise more capital, while Fifth Third Bancorp, SunTrust Banks Inc. and U.S. Bancorp tumbled at least 3 percent after Rochdale Securities LLC analyst Dick Bove downgraded the shares.

————
banks lead the weakness…but URE actually up…or unchanged.

]]> By: TPC http://pragcap.com/mid-day-musings/comment-page-1#comment-7896 TPC Mon, 26 Oct 2009 17:13:39 +0000 http://pragcap.com/?p=11559#comment-7896 You're a bigger man than me with those short positions on.... You’re a bigger man than me with those short positions on….

]]> By: Octopus http://pragcap.com/mid-day-musings/comment-page-1#comment-7895 Octopus Mon, 26 Oct 2009 17:10:28 +0000 http://pragcap.com/?p=11559#comment-7895 I'm 1/3 short, and if I have low cls confirmation today I'll short another third tomorrow I’m 1/3 short, and if I have low cls confirmation today I’ll short another third tomorrow

]]> By: TPC http://pragcap.com/mid-day-musings/comment-page-1#comment-7894 TPC Mon, 26 Oct 2009 17:04:15 +0000 http://pragcap.com/?p=11559#comment-7894 I am all cash with the exception of a few currency and derivative positions. The market is looking very fragile here. I am all cash with the exception of a few currency and derivative positions. The market is looking very fragile here.

]]> By: Henry http://pragcap.com/mid-day-musings/comment-page-1#comment-7893 Henry Mon, 26 Oct 2009 16:59:54 +0000 http://pragcap.com/?p=11559#comment-7893 are we topping here or is it just a bear trap are we topping here or is it just a bear trap

]]> By: Octopus http://pragcap.com/mid-day-musings/comment-page-1#comment-7892 Octopus Mon, 26 Oct 2009 16:56:56 +0000 http://pragcap.com/?p=11559#comment-7892 Mix of all the above. From a technical perspective mkt was top-heavy and divergent in the last few sessions, now we have sell signals in many indices; reasonable first target could be oct lows. Mix of all the above. From a technical perspective mkt was top-heavy and divergent in the last few sessions, now we have sell signals in many indices; reasonable first target could be oct lows.

]]>