Comments on: THE RETURN OF THE BIZARRO MARKET http://pragcap.com/the-return-of-the-bizarro-market Sun, 12 Feb 2012 04:27:37 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: John http://pragcap.com/the-return-of-the-bizarro-market/comment-page-1#comment-6494 John Tue, 29 Sep 2009 02:23:35 +0000 http://pragcap.com/?p=9715#comment-6494 Byron Wien said 1,200 by year end, hard to believe but possible with so much printed money and programs with unprinted money with Fed accounting entries. Byron Wien said 1,200 by year end, hard to believe but possible with so much printed money and programs with unprinted money with Fed accounting entries.

]]> By: Brian http://pragcap.com/the-return-of-the-bizarro-market/comment-page-1#comment-6493 Brian Tue, 29 Sep 2009 02:16:48 +0000 http://pragcap.com/?p=9715#comment-6493 Through the roof profits for the banks...I would expect nothing less. It's easy to make money in the markets when you know where it's going. The past 6 months have been crony capitalism's finest hour in history. One of the major reasons for the little exercise we've seen the past 7 months is to recapitalize the banks squeezing shorts again and again and again and so forth and at the same time jacking up the national retirement account we call the stock market. We all know how prez transperancy just hates it when a few people make hoards while the rest suffer in a declining market. It fits perfectly with Obama's view of the world and it fits perfectly with the democratic playbook. No matter that the US market is all but dead participation-wise becuase few want to deal with a government-run market. Problem may be that all that money thrown at stocks by the administration may not translate into the votes they thought it would if fundraising of late is any indication. As far as earnings this quarter go..all I can say is: ADBE - missed/stock down ORCL - missed/stock down RIMM - missed/stock down In a normal market these companies are often good indicators of what's to come. Obviously things are different now and we are not dealing with a balanced field as far as the importance of each industry to the fed and blanket economic prosperity across all industries. Some stocks may rally but a larger number may not compared to last season. NKE earnings ought to be interesting. Through the roof profits for the banks…I would expect nothing less. It’s easy to make money in the markets when you know where it’s going. The past 6 months have been crony capitalism’s finest hour in history. One of the major reasons for the little exercise we’ve seen the past 7 months is to recapitalize the banks squeezing shorts again and again and again and so forth and at the same time jacking up the national retirement account we call the stock market. We all know how prez transperancy just hates it when a few people make hoards while the rest suffer in a declining market. It fits perfectly with Obama’s view of the world and it fits perfectly with the democratic playbook. No matter that the US market is all but dead participation-wise becuase few want to deal with a government-run market. Problem may be that all that money thrown at stocks by the administration may not translate into the votes they thought it would if fundraising of late is any indication. As far as earnings this quarter go..all I can say is:

ADBE – missed/stock down
ORCL – missed/stock down
RIMM – missed/stock down

In a normal market these companies are often good indicators of what’s to come. Obviously things are different now and we are not dealing with a balanced field as far as the importance of each industry to the fed and blanket economic prosperity across all industries. Some stocks may rally but a larger number may not compared to last season. NKE earnings ought to be interesting.

]]> By: John http://pragcap.com/the-return-of-the-bizarro-market/comment-page-1#comment-6492 John Tue, 29 Sep 2009 01:45:09 +0000 http://pragcap.com/?p=9715#comment-6492 Thanks TPC. Also any guess on the upside as the following said limited- The market is reaching a critical juncture as we approach 10,000 on the Dow and the momentum appears to be waning. A major seasonal trend appears to be taking hold of the housing market and few catalysts appear on the near-term horizon that could push the major averages substantially higher after the incredible rally we’ve seen. Thanks TPC. Also any guess on the upside as the following said limited-

The market is reaching a critical juncture as we approach 10,000 on the Dow and the momentum appears to be waning. A major seasonal trend appears to be taking hold of the housing market and few catalysts appear on the near-term horizon that could push the major averages substantially higher after the incredible rally we’ve seen.

]]> By: TPC http://pragcap.com/the-return-of-the-bizarro-market/comment-page-1#comment-6491 TPC Tue, 29 Sep 2009 01:37:12 +0000 http://pragcap.com/?p=9715#comment-6491 John, I'll look into it, but TPC + website code = broken website in most cases. I'll get some help from someone smarter than myself.... John, I’ll look into it, but TPC + website code = broken website in most cases. I’ll get some help from someone smarter than myself….

]]> By: John http://pragcap.com/the-return-of-the-bizarro-market/comment-page-1#comment-6489 John Tue, 29 Sep 2009 01:21:22 +0000 http://pragcap.com/?p=9715#comment-6489 Hi TPC, it would be very helpful to know what time each article was posted in addition to the date. Thanks. Hi TPC, it would be very helpful to know what time each article was posted in addition to the date. Thanks.

]]> By: TPC http://pragcap.com/the-return-of-the-bizarro-market/comment-page-1#comment-6488 TPC Tue, 29 Sep 2009 01:21:13 +0000 http://pragcap.com/?p=9715#comment-6488 James, As I mentioned above, I haven't run the hard numbers yet, but yes, a leveraged long position into earnings looks likely based on my preliminary results....I know it will be mostly fake, i.e., cost cutting with very little revenue growth, but better than expected is better than expected on Wall Street. The analysts are still way behind the curve.... James,

As I mentioned above, I haven’t run the hard numbers yet, but yes, a leveraged long position into earnings looks likely based on my preliminary results….I know it will be mostly fake, i.e., cost cutting with very little revenue growth, but better than expected is better than expected on Wall Street. The analysts are still way behind the curve….

]]> By: James http://pragcap.com/the-return-of-the-bizarro-market/comment-page-1#comment-6487 James Tue, 29 Sep 2009 01:12:17 +0000 http://pragcap.com/?p=9715#comment-6487 TPC are you sure about that? Are you going to go ultra long into Q3 earnings? I have a hard time seeing Goldman Sachs at 240 and AAPL at 220 and Ford at 10, but hey I guess it is possible...but eventually the better than expected earnings trade won't work. Besides, I wouldn't be surprised to see eager longs try and buy up the market before earnings so they may ride the better than expected train... TPC are you sure about that? Are you going to go ultra long into Q3 earnings? I have a hard time seeing Goldman Sachs at 240 and AAPL at 220 and Ford at 10, but hey I guess it is possible…but eventually the better than expected earnings trade won’t work. Besides, I wouldn’t be surprised to see eager longs try and buy up the market before earnings so they may ride the better than expected train…

]]> By: TPC http://pragcap.com/the-return-of-the-bizarro-market/comment-page-1#comment-6484 TPC Tue, 29 Sep 2009 00:47:52 +0000 http://pragcap.com/?p=9715#comment-6484 Naa, It's hard to imagine a situation in which earnings overall disappoint. That is the next big catalyst. The market could stumble along over the next week or two, but once earnings come in we are going to get another confirmation that things are "better than expected". Naa,

It’s hard to imagine a situation in which earnings overall disappoint. That is the next big catalyst. The market could stumble along over the next week or two, but once earnings come in we are going to get another confirmation that things are “better than expected”.

]]> By: paydreaux http://pragcap.com/the-return-of-the-bizarro-market/comment-page-1#comment-6483 paydreaux Tue, 29 Sep 2009 00:44:33 +0000 http://pragcap.com/?p=9715#comment-6483 "Markets buoyed by Xerox purchase" ...that's odd. Xerox lost 14% today, so I suppose that its shareholders weren't paying attention to the "big picture". “Markets buoyed by Xerox purchase”

…that’s odd. Xerox lost 14% today, so I suppose that its shareholders weren’t paying attention to the “big picture”.

]]> By: TAW http://pragcap.com/the-return-of-the-bizarro-market/comment-page-1#comment-6480 TAW Mon, 28 Sep 2009 21:12:21 +0000 http://pragcap.com/?p=9715#comment-6480 I don't know about the futures market but it's "buy on Yom Kippur" today in the equity. Somehow, this market tends to go higher on no-news days. But in the end, there was still a lot of selling. As we approach to the end of the quarter, it'll be interesting to see how this plays out. I don’t know about the futures market but it’s “buy on Yom Kippur” today in the equity. Somehow, this market tends to go higher on no-news days. But in the end, there was still a lot of selling. As we approach to the end of the quarter, it’ll be interesting to see how this plays out.

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