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14 comments:
Roger,
I'm sorry, was there something in there about moderation? I kinda missed it....
:)
And, on a personal note, thank God you cut your hair, you were starting to look like a total hippie!
Enjoy your weekend!
Excellent video
I do not know how long this lasts but I do not know how they undo these various CDO tranches in a hurry.
So I Think this will take longer. I just wish I Knew how long.
I also think we need to retest the low and I suspect we find a new low. But, I think we can count on the Fed to make sure nothing gets out of hand. Which is very different than counting on the Fed to provide a floor for equity markets like some people on CNBC.
Which reminds me, why do you watch that channel. I think they add to problems and panic. Investors would be better off doing anything other than watch CNBC IMO.
It's great to see a familiar face but I am still down on the year. This market is manipulated and caused me hardship this month. How we go up 8% in 8 months and then drop 10% in two weeks is beyond me. I went into 60% cash this week and will wait a while to redeploy cash again.
Risk vs. Reward?
http://www.fool.com/investing/etf/2007/05/30/the-easiest-way-to-gamble-your-money-away.aspx
Roger.
I believe that the current short term T-bill rate is 4.63% and the average yield for one-year Treasury bills is 4.78%. Do they set this rate every Monday?
And are you saying that if these rates stay the same or are lowered that the panic isn't over?
cut my hair? I almost called this week's video "special he finally got a haircut edition."
I can't argue with anything negative anyone has to say about CNBC but it is easier to hear about big news right away than just sticking with the internet. At the moment the Fed news from Friday broke I was on the FT Alphaville page. It could have been as long as 15 minutes before I would have found out otherwise.
Up 8% in 8 months then down 10% in two weeks? I am sorry but fast moves in both directions go with the territory. Most of the time it seems that the moves are slower but fast moves have happened more times than can be counted and more importantly will happen many times in the future.
Anyone interested in the Fool article can click here but having written for them in the past they have never struck me as being progressive thinkers WRT to ETFs. When I was writing for them in 2004 I wanted to write more about ETFs and they were not interested.
T-bill rates. You can quote the yield of the 13 week t-bill on Yahoo with ticker ^irx. It closed on Friday at 3.62%. It can trade in the open market once it is auctioned off and is subject to supply and demand just like anything else. I thought Kudlow said they broke 3% which Yahoo Finance does not corroborate but maybe he meant something else.
Roger,
You have excellent emotional discipline and most investors I have met do not. It may be beneficial for you to watch CNBC for breaking news, but most people who read this blog are going to be hurt more (negatively influenced) by the panic and/or mindless cheer leading presented by CNBC through out the day.
Again I think the great majority of people would be much better off not watching CNBC.
Oddly enough I do like some shows on CNBC World. They are more objective and insightful IMO.
I also like Bloomberg. Also more objective IMO.
Roger should just be thankful he isn't running a hedge fund, because if he was every investors would have pulled out by now.
If they lower interest rates, won't that torpedo the dollar?
And by double short, do you mean double short SPX?
thanks.
Lowering rates would hit the dollar even if it doesn't torpedo it.
And yes I was referring to S&P 500 double short which is ticker SDS.
Dear Roger, How about a follow-up on nastech pharmaceutical. Cramer touted it 22 times since march 16th made his followers money but I do believe strongly he has over -hyped the stock to much regarding it's chances with obesity,autism, and RNAI. This over hyped stock is making his followers rich and now Barron's has an aticle about Jim Cramer August 20th on his Touting and his followers. Can
you give the real deal prospective to shareholders regarding nstk and it's chances which I believe are remote in those three areas mentioned above.
jimmy T
short nastech with all your margin, this dog will fall harder than the stock market.
my post about Nastech offered no fundamental anything. It was a top down look at one trick biotechs that tried to explore the role this sort of stock could play.
I didn't know the story then and I do not know it now, apologies.
Reasons for the latest volatility in stock market: Fed action, unwinding of Japanese Yen trade, unleveraging of hedge funds due to redemption and "short squeeze"
The following website gives some insight to the short squeeze.
http://www.tfscapital.com/news/tfs_in_the_news.asp
Disclosure: I own TFS market neutral fund, which like many market neutral or long/short funds had a tough time lately
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