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Why Twitter/Blog Hate From the Right Too?

Jul 26

I’m a pretty conservative guy-mostly republican. But I go crazy with the stupid hatred that is our there.
The crap I see on twitter and some blogs are crazy. This goes for lefty loonies too, but today I want to scream out at the “Conservative” ones. Guys and girls stop yelling at people. Calling people names means you have no real facts or feet to stand on.
I see some of these people take the 140 limit and find a way to piss off the most people with one tweet. Use your brain, and stop hating. Conservative does not mean no matter what you like or think is right IS right. We are called the “right” because of where the parties sit in Parliament, not because you have a papal infallibility. Even the Pope only uses that power on major things, not on what people eat or wear.

A few things for those “RIGHT Tweeters”:

No, if you are gay God does not hate you. And we should not ship them all to an island to “free” the country for the righteous people. You can, in good conscience, disagree with some things and still be civil. This goes to both ways people-let’s stop killing each other in print because we don’t have the same ideas-

Next; If you want to help poor people or are not born in the south you are still ok. Us crazy Yankees are not all evil devils bent on destroying your way of life. PLEASE STOP.

Oh, and (love this one) Catholics and Jews are not the reason the country is not doing well, or causing stock market crashes or encouraging illegal immigration or hoping crime rates increase….You sound like a MORON when you say things like that.

I enjoy political banter. Actually thrive on it. I SO hate people just regurgitate the party line whether left or right. Come on can’t we be smarter than that?
When you just sit and write hate or the “I know better then..” you sound dumb and make the rest of us republican/converative people look bad.
Ok, enough rants for today.

Tags: Posted by Peter Greene, stupid

Watching the econ calendar as well as copper

Jul 1

Posted by in Markets, Stocks | No Comments

Summary

The market is at critical support levels and with a spate of economic releases over the next several days traders and investors will be looking to see if initial jobless as well as continous jobless claims can continue to abate. The unemployment rate still remains markedly high this far into an economic recovery. The US economy remains a consumer driven economy and if the recovery is going to have any durability then people have to be working and have income to spend and stimulate growth.

That said the market via its weak price action as well as the weak price action in the transports and copper futures are indicating that it believes the jobless situation won’t improve much. However as the chart below on continuous copper futures highlights there is still a ways to go before copper can be declared dead and broken.

The silver lining is we may be getting close (maybe another 5 % down) to a near term low as bullish sentiment is down to a paltry 24.68 % (AAII Survey), Total Equity and Index Put/Call ratios are moving up to more constructive levels. Anecdotally however we thought it spoke volumes that the market couldn’t prop itself up even on a window dressing day !!

Tags: Posted by Peter Greene

A funny—

Jun 29

Posted by in Funny | No Comments

Had this sent to me today!!  Funny

Thought you all would enjoy these:

The boss of a Madison Avenue advertising agency called a spontaneous staff

meeting in the middle of a particularly stressful week .   When everyone

gathered, the boss, who understood the benefits of having fun, told the

burnt-out staff the purpose of the meeting was to have a quick contest. The

theme: Viagra advertising slogans.

The only rule was they had to use past ad slogans, originally written for other

products that captured the essence of Viagra. Slight variations were acceptable.

About 7 minutes later, they turned in their suggestions and created a Top 10

List. With all the laughter and camaraderie, the rest of the week went very well

for everyone!

The top 10 were:

10. Viagra, Whaazzzz up!

9.   Viagra, The quicker pecker picker upper.

8.   Viagra, like a rock !

7.   Viagra, When it absolutely, positively has to be there overnight.

6    Viagra, Be all that you can be.

5.   Viagra, Reach out and touch someone.

4.   Viagra, Strong enough for a man, but made for a woman.

3.   Viagra, Home of the whopper!

2.   Viagra, We bring good things to Life!

And the unanimous number one slogan:

1.   This is your peepee. This is your peepee on drugs.

Tags: Posted by Peter Greene

Morning market note

Jun 15

Posted by in Markets | No Comments

As seen in the chart below the S&P 500 rallied up into its 200 day moving average (purple line) and failed to work above it. This is now the third time in the last several weeks the index has rallied back and failed to move above the 200 day. At the moment this is neither a bearish or bullish development rather the natural stalling point from its recent oversold bounce. For the rally to continue we need to see the 200 day moving average decisively cleared and internals to be solidly positive on the move.

NASDAQ/NYSE Internals

NASDAQ Up Volume	280.01	NYSE Up Volume	573.2
NASDAQ Down Volume	227.75	NYSE Down Volume	509.05

Ratio	1.23	Ratio	1.13

NASDAQ Advancers	1452	NYSE Advancers	1881
NASDAQ Decliners	1144	NASDAQ Decliners	1189

Ratio	1.27	Ratio	1.58

NASDAQ New 52 Wk. Highs	50	NYSE New 52 Wk. Highs	47
NASDAQ New 52 Wk. Lows	4	NYSE New 52 Wk. Lows	26

As seen in the above table market internals were slightly positive on the session mirroring the day’s trading activity.

Tags: Posted by Peter Greene

Monday morning S&P levels

Jun 7

Posted by in Markets | No Comments

On Friday the S&P 500 scored another 90/90 negative session where decliners and down volume represented 90% of the total session internals. 90/90 days are symptomatic of aggressive distribution. Because of this aggressive distribution we believe the S&P will now need to move towards the lower support areas near 1,000 to 950 (orange lines) before the index gets any sustainable bounce.

Tags: Posted by Peter Greene

Morning Market Highlights

Jun 3

Posted by in Markets | No Comments

This is the second time in the last five trading session where up volume and advancers swamped down volume and decliners. Normally this would have us chomping at the bullish bit, however with the associated volume being low we suspect this is more short covering than across the board buying.

As seen in the chart above the S&P 500 the index is trying to develop and oversold bounce. As we stated recently for that to materialize we need to see the index get above 1,100. Wednesday’s (6/2/2010) close at 1,098 places the index just below this level. Given the positive momentum from internals we believe a counter trend rally can continue up towards the 1,150 area (lower red line) once 1,100 is taken out. That said we ultimately believe prices need to correct towards lower levels such as 1,000 or 950 (orange lines) on the index.

Unless some major upside volume comes in we believe the highs made on May 5th near 1,219 are the high price in the index for quite some time. However we know internals are always changing thus our forecast can and will change if necessary. For now however we view rallies as opportunities to trade and not marry positions. Additionally these rallies should be used to unwind yourself from any bad (underwater) positions. We expect the tape to remain prone to periods of volatility and the index to trade in a wide range.

Tags: Posted by Peter Greene

About time Congress

May 14

Posted by in Politics | 1 Comment

Wow it’s about time that the men and women who sit in judgement of everyone else at those trumped up hearings are finally following rules. Below is a clip from today’s WSJ

From The Wall Street Journal

House leaders are revamping the rules for lawmakers and aides who travel overseas on official government business, forbidding them to fly in business class on shorter trips, use taxpayer funds to buy gifts or pocket unspent cash, among other changes.

The changes are the first significant made to the House’s travel rules in more than 30 years.

http://online.wsj.com/article/SB10001424052748703950804575242751142413016.html?mod=djemalertNEWS

Tags: postes by Peter Greene

Mentioned in USA Today

May 13

Posted by in Markets, Quotes | No Comments

A quick mention in the USA Today
http://www.usatoday.com/money/markets/2010-05-13-volatilitymart13_ST_N.htm
Stock market
swings can be scary
things for investors

Updated 14m ago

By Adam Shell, USA TODAY

NEW YORK — Mr. Market sure has been suffering
from major mood swings lately. Volatility is back on
Wall Street, causing fear- and greed-induced
migraines — and what-do-I-do-now? moments —
for investors.

In the past three weeks investing in stocks has
resembled a roller coaster ride. Triple-digit moves
in the Dow Jones industrials nine of the past 12
trading days. A Wall Street fear gauge named “Vix”
doubling in a matter of days to levels not seen in a
year.

First, greed ruled. Then fear ruled — thanks to last
Thursday afternoon’s nearly 1,000-point Dow
plunge. Only to see greed make a comeback this
week.

Headlines have captured the insanity. One day they
are screaming warnings like Bailouts! Mini-Crash!
Fat-Finger Trades! Market Malfunction! Euro-Crash?
The next day they scream Market Rebounds!

And investors’ reaction? Do I get out? Do I get in? If I
got out, do I get back in? What gives? Is it 2008
again?

“Volatility, volatility, volatility,” is how Peter Greene,
managing director at Fusion Analytics Securities,
sums up the market’s recent manic-depressive state.

SAFE HAVEN: Price of gold hits a record $1,242.70
an ounce

INVESTING: How to avoid being flattened by huge
stock drop losses

The market plunged last week on an unusual trading
glitch on the nation’s stock exchanges and fears
that the debt crisis in Greece would infect other
European countries and crimp the global economic
recovery. This week the Dow has rebounded 5% on a
eurozone rescue.

We know volatility scares the pants off investors. But
what do these sharp swings mean, and how can
investors survive the assault on their emotions and
gut-wrenching swings in their portfolios?

Investors experience “volatility a little bit like they
do an ambulance speeding by,” says Woody Dorsey
of Market Semiotics, a behavioral finance firm. “It
really gets your attention. You see the flashing
lights. You pull over. You are scared. You don’t
know what’s going on.”

Tags: Posted by Peter Greene

Greece bailout cause short covering scramble ….

May 11

Posted by in Markets, Politics, Stocks | No Comments

Volatility, volatility, volatility …. Down 13% from the peak to trough and then back 10% from the trough all within the span of a few days, now if that is not the definition of volatility I don’t know what is !!! That said today’s action while accompanied by impressive internals is still to be considered just a one day event until we can get some follow through. Lots of traders got caught shorting the lows on Thursday and Friday thus we are viewing today’s internals with a sceptics eye as it may be just the unwinding of a lot of fast money positions from Thursday and Friday that were underwater and scared as the market jumped this morning.

The activity the last few days looks more like the volatile bottoming formation one sees after an extended decline not a three day hard sell-off. That said we need more evidence to suggest the selling has stopped and a low is in.

There still remains resistance near S&P 500 1,200 and again unless we can string together a few more session with positive internal skew we have to assume the intermediate term bias is still down.

Stay tuned ….

Tags: by Peter Greene