Cknolls

Buy when the SPX trades under 500... Mr. Pessimism I know.... Do not chase yield.....Stay in cash for now....

QUOTE (Balta1701 @ Jun 13, 2010 -> 08:57 PM) 60 feet is close range? Pitcher to catcher? Yeah, I would call that close range, no?

I heard Buffet was sniffing around BP. My question to the President......Is BP too big to fail? My answer would be yes..I think I know his answer....But once again he would be mistaken....We shall see...Options activity enormous yesterday in single digit strikes......

QUOTE (KipWellsFan @ Jun 9, 2010 -> 08:03 PM) First of all I didn't know Hugo Chavez was one of the most dangerous dictators in the world... That's laughable. And other than running into Chavez at some conference, I don't think Obama has ever actually met with a "dangerous dictator" without preconditions. Other than that I guess you can argue that he should meet the BP CEO, or that Obama's not following the words of his campaign (big surprise). But the two issues aren't really connected. And not that I'll convince anyone in this thread, but I think Obama has performed at a high level in international relations. Our President smokes pot?

Austrian CDS are up 30bps today (40%) and its bonds are down 3 points in 8 days. I guess we know who owns the Hungarian Goulash aka Hungarian debt. The question is, will the EU bail out the Austrians? So mkt is weak but there is always the fear of a coordinated central rescue effort over the weekend. Eventually this will be sold into like nobody's business and the shananigans will stop.

China buying Eur based assets at the 120 level. Trying to stabilize the Euro decline. If 1.20 breaks look for 1.18, on the way to par. 1.23/1.25 should offer nice short entry point.

Market should test the 1074 level to see if it holds. The bears will try to run these levels, a break of which could lead to a cascade, either today or on a gap down on Monday, on an ensuing break of 1065(flash dance crash low) and the Feb/May 1040ish double bottom. Would not worry about upside until they close above 1128.

When 1040 breaks, it should be a very quick move to 1019-1020.

956 may occur quicker than thought. And it may be a rest station to the mid 800's. High for the year in????

QUOTE (kapkomet @ May 7, 2010 -> 06:57 PM) Sometimes, I wish you'd just stop posting. I don't think you've been right but once, maybe... and even then, it was a case of the sun shines on a dog's asscrack once in a while. If you really know something, great, otherwise, I'm kind of tired of "tales from the crypt financial advice" posts. Oh, look there goes another clue bus with one less passenger...... I forgot you are all knowing. How many years have you been a market maker? If you know not what you speak silence is best. But thats hard for.....

QUOTE (southsider2k5 @ May 7, 2010 -> 11:30 AM) The fun part is that we are 24 hours out, and we still have no idea what happened. Just great work by those regulating bodies that are supposed to be watching the system. What happened was five specialist firms pulled their bids and the mkt tanked. The feds stepped in and stopped the bleeding and here we are on our way to 1085.75 or up to 1132.

That was a crash supported by the gov't. Anything else is spin, IMO.

QUOTE (BigSqwert @ May 6, 2010 -> 01:47 PM) What the heck just happened to the DJIA? FEAR! It is not over.

Another one bites the dust. http://www.politico.com/news/stories/0510/36812.html

QUOTE (Balta1701 @ May 5, 2010 -> 08:15 AM) Good to see that the no-fly list still doesn't work. No fly worked great. The no-boarding list failed miserably!

QUOTE (Balta1701 @ May 4, 2010 -> 12:03 PM) Yeah, that'd be a shame. It did such a damn fine job the last decade. Thank God they understood the situation in the housing market so well. No worries. It is all "contained"

QUOTE (BigSqwert @ May 3, 2010 -> 02:38 PM) Of the 4 other couples at the table, none of them disagreed with that suggestion. In fact, they all thought it was reasonable. I was floored. Perhaps I was raised differently but advocating murder is unacceptable. Except when its inside a woman.

QUOTE (Alpha Dog @ Apr 29, 2010 -> 03:00 PM) The Stenis is an aircraft carrier. I said ships OF THAT CLASS (San Antonio class amphibious transport dock) have been named after cities, not crooked politicians. ream much, or were you in a hurry to try and show me up? Current ships IN THAT CLASS are: # USS San Antonio (LPD-17) # USS New Orleans (LPD-18) # USS Mesa Verde (LPD-19) # USS Green Bay (LPD-20) # USS New York (LPD-21) # USS San Diego (LPD-22) # USS Anchorage (LPD-23) # USS Arlington (LPD-24) # USS Somerset (LPD-25) Isn't MURTHA the newest city in Pennsylvania? After all he did bring home the pork. That is the least they could do for him

QUOTE (Balta1701 @ Apr 28, 2010 -> 09:48 AM) This is a huge step if true. It's stepping over a gigantic roadblock. The Kennedy Family?

Yeah, GM paid back a gov't loan with TARP money.

http://www.washingtonexaminer.com/opinion/...t-91819469.html Happy Earth Day!

http://www.blackfive.net/main/2010/04/goog...nistration.html Most ethical open transparent admin.....Keep trying.....

These are really cool: http://www.boston.com/bigpicture/2010/04/m...allajokull.html

QUOTE (jasonxctf @ Apr 16, 2010 -> 02:24 PM) well at some point here, you've gotta be right at least once. WTF??? Yeah i missed by 4 points smartass.

I have always said news breaks with the cycles. Confirmed again today.