Economic Analysis ala CNBC

Posted: July 16, 2008 at 2:10 pm by Lisa

As long as people are lining up to buy an incredibly expensive product (iPhone), then maybe our economy is OK after all. (Paraphrasing, slightly, a CNBC commentator).

The market will continue to bounce around with this being options expiration week, technical oversold levels and lack of confidence still in evidence. What a combination to deal with. Be safe!

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7 Responses to “Economic Analysis ala CNBC”

ecklebob on July 16th, 2008 3:27 pm

C puts are on sale today! Please God, let this penny stock get up to $17 so I can buy more puts even cheaper.
Jim on July 16th, 2008 3:56 pm

One month ago, Downey Saving & Loan announced non-performing loans as a percentage of total loans was only 1%. This week DSL reported non performing loans was 13%. They don’t have a clue

Loans losses are going to get worse because net jobs are disappearing not being created. This rally could last a few days and is a great opportunity to build ultra short SRS and SKF positions for the next leg down.
ecklebob on July 16th, 2008 4:03 pm

Jim, Couldn’t agree with you more.
Lisa on July 16th, 2008 4:13 pm

Me, too.
Chris on July 16th, 2008 6:30 pm

Jim. I was thinking the same thing. This must certainly be seen as the market’s “rope-a-dope” strategy for setting up the technical knockout of the bulls.

Lisa, thanks again for the great work. Got out of my large SDS position yesterday! Saved some good money today.
doc1 on July 16th, 2008 8:23 pm

Gawd, I luv you guys! Thanks for teaching this dumb okie about real world investing (forget Princeton, etc etc — didn’t learn much there) — yes time to reload on SKFs when this slimy sucker tops out! Yes some of us humbly listen and read and watch and pick up your tips and comments. And thanks Chuck and Lisa — if/WHEN the future times get tough the money we make with your comments and assistance may help us through those rough days. So thanks.
Lisa on July 16th, 2008 8:26 pm

Thank you, doc1, appreciate knowing we have helped