Stockmarket February

[sidewinder]

Playing poker with a bunch of politicians, now that's a scary thought.  Everybody in the room knows what each other is and how much trust could there possibly be.  LOL Indeed.

Someone ought to do a cartoon of that like those dogs playing poker you see from time to time. Even better use Ted Kennedy with John Murtha dealing and slipping ol Joe McCarthy and ace under the table while Duke Cunningham and Tom Delay filch chips from kennedy and Murtha.  Just a crowd of morally upright honest patriots.   

[MetalMeister]

This one you WILL want to watch...   

We're looking at a situation where about half of all commercial RE loans will be underwater by the end of this year and that's going to have a direct impact on about 3,000 community banks, about 40% of our entire banking system

http://www.cnbc.com/id/15840232?video=1410657604&play=1

[jjj000]

My gut reaction to this video is that it's gov't propaganda.  And that blonde chick is crazy hot.

But this sounds like old news, right?

I've lost interest in the market in the past couple weeks.  Probably means it's going to be time to buy soon

[Bottomfeeder]

Ha!  Hey 3j...I am assuming your not talking about the Janet Reno look-a-like.

[sidewinder]

3 j that's Becky Quick, and yes HOT.  got that J F...ed look. 

Would like to mention this post I made in Feb of LAST year.

Feb 11, 2009

Next target/victim …. Commercial RE..   SRS  Short term only!!! May see a rally so be careful with this one due to time/value slippage.  ………………..Not putting much into this but CRE (commercial Real Estate not the stock carramerica) is gonna get it next. I would view any rally as a shorting op.

But then again, Congress may just buy all the empty shopping centers. 

OK so I get a wooden nickle..

[jjj000]

yup... Becky Quick.

So SDS... that's a short ETF, right?  Meaning the "bad" news was all done playing out at the 111.22 peak??  The subsequent drop from 111 to 7 is a sign of a real estate rally in fact (in addition to price/time decay).

So either it's going to shoot back up to 50 if shit hits the fan for real, or this just shows that the "sky is falling" panic selling already happened a year ago... i.e. "old news".  Or both.

Please correct me if I'm misreading this...

[sidewinder]

Yes and no.... lol 

SRS is like a FAZ, in fact the charts almost mirror each other in movement.  Something may lead into another downturn eventually and the components of SRS are some to watch with all the talk about Commercial failures about to occur.  Of course government will shout "something must be done" and convene committees to "fix' the too big to fail RE interest but that will depend on what affect it will be perceived to have on banking.

The potential trouble Commercial RE is in is well known, so why bring it to the forefront now?  Maybe there are some who wish to prepare us for what's to come.  I dunno, it's like everyone just forgot about it for the last year in this whacky market.

If the SPX can survive 1109 is my next question on the way to test the highs.  This is acting like a setup for a failed new high before May but this is a "miracle" market ya know. 

CRE could be another excuse to "save" more banks only this time it will be the local banks, the savior of the little main street guy by congress.  Saving Main Street may take "extraordinary measures" if you know what I mean. 

Anyway some of the components of SRS last time I looked were KIM, ESS, FRT, VNO all sailing high wide and handsome in this run.  All I am saying is it may be a good idea to keep a watch on them.  As I have said before I really don't like most ETF because of how they operate.  I don't see paying a premium to some fund to do the work I can do myself.   

Be interesting to see how much Obama talking about the Nuclear power will affect the few Uranium stocks I held on to.  May give me a chance to get out at the bottom.   LOL

[MetalMeister]

You guys crack me up about Becky Quick!  I didn't hardly even notice her since I am so used to looking at the Fox News babes and Fox Business Channel babes...  Then I went back to run the video and it doesn't work any more!

I've been posting on CRE regularly for a year now and especially since I have two friends CRE sales for big companies.  What is it the Bible says?  A prophet has no honor in his own country?  LOL

Here's my best guess.  There is no political will to do another bail out in an election year.  So, Congress just lets all the local banks fail and roll up into the "too big to fail" ones.  Main street gets screwed again.

I'm still laughing about getting out at the bottom!     Good one.   

Be interesting to see how much Obama talking about the Nuclear power will affect the few Uranium stocks I held on to.  May give me a chance to get out at the bottom.   LOL

[pinetree]

Ha!  Hey 3j...I am assuming your not talking about the Janet Reno look-a-like.

That's what I was thinking! LOL

You guys crack me up about Becky Quick!  I didn't hardly even notice her since I am so used to looking at the Fox News babes and Fox Business Channel babes...

   Fox News babes?  You must be referring to Julie Banderas... I don't usually take too much notice of the news show babes but she is hot hot hot!  (Latino's are definitely my type for some reason, or any other olive skin/brunette/brown eyes ethnicity ).  I'm usually at the gym doing cardio on the weekends when she's on and will always tune in unless a big nfl/nba/etc game is on.

[pinetree]

Speaking of babes... I was just thinking tonight that trading is kind of like meeting women.  I mean, the entering the market always has a certain amount of anxiety to it.  You never know if you'll win or lose and we react to that uncertainty in predictable ways by second-guessing our decisions or in some cases chickening out altogether and not entering.  Similarly, if you see a woman in a bar or social gathering that you'd like to meet, there will be some anxiety about approaching her and attempting to start a conversation.  You never know if she'll blow you off or if you'll say something stupid, or if you'll hit it off with her.  It's that same reaction to uncertainty and fear of loss (or in this case, rejection) as in entering a trade.  At least I thought it was a cool analogy.

Anyway, since Julie Banderas is pregnant here's another fine product of Colombia to take her place:

http://www.youtube.com/watch?v=_KCV4w3yDHg 

[sidewinder]

What a slutty looking pig. That thing is nasty.

if you see a woman in a bar or social gathering that you'd like to meet, there will be some anxiety about approaching her and attempting to start a conversation.  You never know if she'll blow you off or if you'll say something stupid, or if you'll hit it off with her.

You can't be serious......   One three day trip with me and I might be able to cure you of that. 
 

[pinetree]

Ha!  Well, maybe someday you can teach me how to be a lothario...

Not that I'm that bad LOL, but could use some improvement.  I can't shake the intial nervousness, it's totally stupid and irrational but is always there.  It's really only when approaching total strangers, it's not an issue to approach someone at a party being thrown by someone I know, for example.  But I'll stop now before this gets any farther off topic.

You think Shakira is nasty?  To each his own, I guess.  And what can I say, this isn't the first time I've been told I have slutty taste in women.

[MetalMeister]

I just wish I had the confidence with short term trading that I do with short term women...   

I'm not good at long term women, by the way...  No fortune there thus far.

Similarly, if you see a woman in a bar or social gathering that you'd like to meet, there will be some anxiety about approaching her and attempting to start a conversation.  You never know if she'll blow you off or if you'll say something stupid, or if you'll hit it off with her.  It's that same reaction to uncertainty and fear of loss (or in this case, rejection) as in entering a trade.  At least I thought it was a cool analogy.

[jjj000]

well... all I can say that it's the same with women as it is with day trading--  your exit is more important that your entry 

Thank you ladies and gents, I'll be here all night.  Tip your waitress.

btw, now I regret making the remark about Betty Quick.  Look what I started...

[sidewinder]

LOL YC,

 

I just wish I had the confidence with short term trading that I do with short term women

well... all I can say that it's the same with women as it is with day trading--  your exit is more important that your entry

you are making it into my Quote hall of fame if you keep this up