Comments on: Wednesday’s Trading http://www.trivisonno.com/wednesdays-trading-2 Bear Market Growls Until January 2010 Thu, 08 Jan 2009 21:21:55 +0000 http://wordpress.org/?v=2.6.5 By: Larry http://www.trivisonno.com/wednesdays-trading-2#comment-2837 Larry Thu, 31 Jul 2008 06:51:24 +0000 http://www.trivisonno.com/?p=278#comment-2837 Hedgehog, are you in the Gold/Inflation camp or in the Bull in stocks camp? Hedgehog, are you in the Gold/Inflation camp or in the Bull in stocks camp?

]]> By: admin http://www.trivisonno.com/wednesdays-trading-2#comment-2834 admin Thu, 31 Jul 2008 03:55:46 +0000 http://www.trivisonno.com/?p=278#comment-2834 Hedgehog, A good deal of my missive was invalidated. But don't worry, I have a new missive! Matt Hedgehog,

A good deal of my missive was invalidated. But don’t worry, I have a new missive!

Matt

]]> By: admin http://www.trivisonno.com/wednesdays-trading-2#comment-2833 admin Thu, 31 Jul 2008 03:55:03 +0000 http://www.trivisonno.com/?p=278#comment-2833 Crimson Ghost, Yes, a pullback is in order and exactly what we want. Matt Crimson Ghost,

Yes, a pullback is in order and exactly what we want.

Matt

]]> By: admin http://www.trivisonno.com/wednesdays-trading-2#comment-2832 admin Thu, 31 Jul 2008 03:54:07 +0000 http://www.trivisonno.com/?p=278#comment-2832 Brian, Thanks for the earnings chart. However, don't you know that you are supposed to ex out the earnings of the financials? :-) Matt Brian,

Thanks for the earnings chart. However, don’t you know that you are supposed to ex out the earnings of the financials? :-)

Matt

]]> By: admin http://www.trivisonno.com/wednesdays-trading-2#comment-2831 admin Thu, 31 Jul 2008 03:53:08 +0000 http://www.trivisonno.com/?p=278#comment-2831 Paul, I'm sorry that I missed Whitney on CNBC today. You always get the straight story from her. Matt Paul,

I’m sorry that I missed Whitney on CNBC today. You always get the straight story from her.

Matt

]]> By: admin http://www.trivisonno.com/wednesdays-trading-2#comment-2830 admin Thu, 31 Jul 2008 03:51:52 +0000 http://www.trivisonno.com/?p=278#comment-2830 Zen, Yes, it is legit if you agree that bear-market rallies are legit. Matt Zen,

Yes, it is legit if you agree that bear-market rallies are legit.

Matt

]]> By: Hedgehog http://www.trivisonno.com/wednesdays-trading-2#comment-2829 Hedgehog Thu, 31 Jul 2008 01:52:28 +0000 http://www.trivisonno.com/?p=278#comment-2829 Matt - How much of your missive was invalidated by today's action? Matt -

How much of your missive was invalidated by today’s action?

]]> By: Crimson Ghost http://www.trivisonno.com/wednesdays-trading-2#comment-2828 Crimson Ghost Wed, 30 Jul 2008 21:38:14 +0000 http://www.trivisonno.com/?p=278#comment-2828 The market's ability to rally in the face of surging oil prices was very impressive. Still the McCellan Osc. is again as overextended as it gets so at least a modest pullback is highly probable the next day or two. ttp://www.stockcharts.com/charts/indices/McSumNYSE.html The market’s ability to rally in the face of surging oil prices was very impressive.

Still the McCellan Osc. is again as overextended as it gets so at least a modest pullback is highly probable the next day or two.

ttp://www.stockcharts.com/charts/indices/McSumNYSE.html

]]> By: Brian http://www.trivisonno.com/wednesdays-trading-2#comment-2826 Brian Wed, 30 Jul 2008 21:09:14 +0000 http://www.trivisonno.com/?p=278#comment-2826 Paul Kasriel [Northern Trust] posted this chart on 7-29-2008 re: SP 500 Operating Earnings Kasriel states "Now, the nice thing about corporate profit data is that they do not get revised as do a lot of other data that go into the recession decision. With the S&P 500 profits data there is no debate as to whether the Commerce Department is using a correct measure of prices to deflate nominal data." http://www.marketoracle.co.uk/images/2008/sp-corporate-earnings-july08.gif Paul Kasriel [Northern Trust] posted this chart on 7-29-2008 re: SP 500 Operating Earnings

Kasriel states “Now, the nice thing about corporate profit data is that they do not get revised as do a lot of other data that go into the recession decision. With the S&P 500 profits data there is no debate as to whether the Commerce Department is using a correct measure of prices to deflate nominal data.”

http://www.marketoracle.co.uk/images/2008/sp-corporate-earnings-july08.gif

]]> By: Paul http://www.trivisonno.com/wednesdays-trading-2#comment-2825 Paul Wed, 30 Jul 2008 20:59:28 +0000 http://www.trivisonno.com/?p=278#comment-2825 This market will go down tomorrow, probably 50-200 points, just to shake things out. Beyond that, I think the rally will continue through next week, but I'm less sure of that. Either way, I'm playing it cautious until after the FED next week. Meredith Whitney is on CNBC calling BS on the financials. She really makes a lot of sense. I still don't know why anyone would buy Freddie or Fannie stock. They are still adding jumbo mortages - West Coast style. Lisa: "Can Lehman survive this?" Meredith: "I..uhh...um...I don't know." You can tell what she was really thinking... This market will go down tomorrow, probably 50-200 points, just to shake things out. Beyond that, I think the rally will continue through next week, but I’m less sure of that. Either way, I’m playing it cautious until after the FED next week.

Meredith Whitney is on CNBC calling BS on the financials. She really makes a lot of sense. I still don’t know why anyone would buy Freddie or Fannie stock. They are still adding jumbo mortages - West Coast style.

Lisa: “Can Lehman survive this?”
Meredith: “I..uhh…um…I don’t know.” You can tell what she was really thinking…

]]>