Official Stock Market & Economy Thread

[tsman]

A few of them jumped nicely today, Ill try and get them up there for you^^^

 

[shake n bake718]

^^^thx dude. I would think that any sectors that the stimulus is focused on would see a decent increase in the future. I'm also interested in theconstruction industry since the Obama administration is trying to rebuild alot of schools, highways, etc. Anyone have any suggestions?

 

[freakydestroyer]

Stemcells Inc jumped up 43.48% today.

 

[str8hustler]

Hey DKY you said you want to be a corporate lawyer right? Im in law school now and I am really interested in Financials....do you have any suggestions or knowof any legal areas for Financials?

 

[patmc13]

FAZ

 

[finnns2003]

FAZ got murdered today. Yeeeeeesh.

 

[throwedindagame]

Originally Posted by freakydestroyer

Stemcells Inc jumped up 43.48% today.

Who didn't see a stock jump comming after that announcement though.

 

[nicefro]

FAS

 

[finnns2003]

Originally Posted by ThrowedInDaGame

Originally Posted by freakydestroyer

Stemcells Inc jumped up 43.48% today.

Who didn't see a stock jump comming after that announcement though.

Eh... it's down 14% now.

 

[fabolous92692]

youd be stupid not to take a 43% profit. ahhh today or tomorrow seemsto be a good day to get into some shorts.

 

[dey know yayo]

After a Bloomberg article quoting Vikram Pandit stating Citidelivered a profit in the first two months of this year, the market staged an impressive bear bounce. This is very healthy for this downtrend and hopefully itcan take us to around S&P 750, where we could start rolling over again and allow us a fresh sell-off, which is what I've been looking for.

This is the time to wait for short opportunities to present themselves. The Citi announcement doesn't change much and was merely the catalyst for anoversold bounce, which I have been patiently waiting for. Consider this analagous to October 28 of last year.

Here is the Citi internal memo.

Vikram Letter 3.10.2009
Publish at Scribd or explore others: Short Stories Creative Writing career letter

 

[mindstatements]

GO financials....FAS, UYG, XLF all beautiful.

C, BAC having stellar days.

 

[dey know yayo]

won't last long. though the bounce was bigger than i expected.

 

[superantigen]

I'm holding faz, srs, and rfn...Today was not a good day...

 

[fabolous92692]

Originally Posted by SuperAntigen

I'm holding faz, srs, and rfn...Today was not a good day...

 

[dey know yayo]

word, i lost a good $30k today. i was expecting a bounce but not this big, oh well, thesis remains strong and this gives an ever better opportunity to entershort positions later this week. which means more money for meeee.

 

[dey know yayo]

I'd like to refer you all to a terrific article in the Financial Times,analyzing the merits of today's "leaked" Citi memo...

If management e-mails actually "communicated" anything they would be banned. Risks of a leak means workers are subjected to anodyne words on how valued they are or that their company is uniquely positioned to cope with the challenges ahead. On Tuesday, however, a short memo from chief executive Vikram Pandit to staff at Citigroup set the entire US banking sector alight. Having dropped below a dollar last week, Citi's share price rallied 35 per cent. What did the memo say? Three nuggets in particular seemed to dazzle investors. First that Citi was profitable in January and February and the quarter was looking the rosiest since the third quarter of 2007. Apparently, Citi made $19bn in revenues in the first two months of the year. Second, Mr Pandit calmed fears that depositors as well as clients were fleeing in their droves. Finally, the memo stressed Citi's strong capital position.

But investors should not lose their heads. The headline-grabbing revenue number, of course, does not include costs or writedowns. Besides, Citi exceeded $20bn in adjusted revenues for eight quarters up until the end of September. Even in the nightmare final quarter of last year, revenues excluding writedowns were still a respectable $13.4bn.

So Citi having a bumper top line is nothing to get excited about. That "profitable" remains unquantified gives no comfort as to what extent writedowns have eaten into that haul. That is the problem. In volatile markets, flow businesses such as foreign exchange or cash equities will always do well. And all banks are benefiting from short-rates being close to zero. But provided the global economy keeps deteriorating, and house prices sink lower, balance sheets may fail even harsh stress-tests. It remains a brave investor who believes that this time bank revenues can overwhelm the writedown bogeymen.


Credit markets have been more rational than equity markets in recent times. Soon spreads should start widening again and equities should start falling again.This is a bear bounce.

 

[db west]

Originally Posted by str8hustler

Hey DKY you said you want to be a corporate lawyer right? Im in law school now and I am really interested in Financials....do you have any suggestions or know of any legal areas for Financials?

Go into bankruptcy law. I work in a bankruptcy law firm, and the couple that owns the firm is making bank. Basically the collect debts for banks. What lawschool do you go to?

 

[db west]

Originally Posted by str8hustler

Hey DKY you said you want to be a corporate lawyer right? Im in law school now and I am really interested in Financials....do you have any suggestions or know of any legal areas for Financials?

edit. Sorry my browser is slow for some reason

 

[db west]

Originally Posted by str8hustler

Hey DKY you said you want to be a corporate lawyer right? Im in law school now and I am really interested in Financials....do you have any suggestions or know of any legal areas for Financials?

edit. Sorry my browser is slow for some reason

 

[db west]

Originally Posted by str8hustler

Hey DKY you said you want to be a corporate lawyer right? Im in law school now and I am really interested in Financials....do you have any suggestions or know of any legal areas for Financials?

edit. Sorry my browser is slow for some reason

 

[db west]

Originally Posted by str8hustler

Hey DKY you said you want to be a corporate lawyer right? Im in law school now and I am really interested in Financials....do you have any suggestions or know of any legal areas for Financials?

edit. Sorry my browser is slow for some reason

 

[xi shine xi]

should we start shorting the stock from your list right now? How long do you think the rally will last?

 

[brettthejett]

I short stocks in GS, MS, NTRS [as per DKY] and lost $6,810.00 (~10%) in my simulator.

 

[wizards23]

^we are waiting.....