US DJ futures and Europe turning green..

Job Loss data came in "less bad".

This post has been edited by danmooncake: Aug 7 2009, 08:47 PM

They got 15 million unemployed and Wall Street is celebrating.
The hang over will come in later.

Definitely AGREE! This rally is a BIG HUGE BULL TRAP!

Those idiots will lose their money. Just you wait. Come next month, they'll realize... huh..
where are those consumers? Oh...btw they're all layoff, no jobs..no money to buy anything.

BAM! Down we go.

The energy sector is not participating in this rally. That means we're already at the top.
Too much oil floating around, no demand at all. The oil companies have to spend
more money to buy storage to store them for future use and will continue to lose money this way.

When the Dow pulls back later, energy will fall. Very good for shorts to make money here.

Yes, the fund managers now are all "Kiasu" as they say in Singapore.
They gotta buy something in their portfolio to fill in the blanks.

China growing asset is a huge bubble now. The pullback the past two days show how vulnerable
the bubble is. People are over-speculating how China can lift everyone out of the recession, buying
raw materials big time, factories firing up and making more toys now.

Come this December, they'll be in for big surprise - where are the buyers?

Tonight @ NYSE, they're pumping financials hard, even the p.o.s AIG and C are good as gold now.

I've exited all my shorts and let my long ride for now.

The Bulls are in charge. Have to let them play in the la la land for now.
Bears are preparing WMD in the bunker.

This post has been edited by danmooncake: Aug 8 2009, 12:41 AM

Feel free to post.. I'm too upset at the market now.
I'm going to pray for big black swan next week.

Have a good week end y'all.

No, AIG is a trap. Stay away. The price will eventually go down and collapse under toxic asset
when tons of those ARM rates reset again early next year. The only thing propping up its price is because of those short sellers that got caught.

Just barely two weeks ago, Canadian Bank says "Recession is Over" woo Hoo, popping out champagne!
http://www.cbc.ca/money/story/2009/07/23/b...y-recovery.html

Barely 24 hours ago. Canada govt reported "Huh? What Recovery?"
http://www.google.com/hostednews/canadianp...AaHr6oVrlDPY5zQ
http://www.thenewsroom.com/details/3762343

Does US really have "less bad" unemployment data? The "worse is over" they spin this?
True unemployment figure is already over 16%.
http://www.foxnews.com/opinion/2009/08/07/...t-unemployment/
The fact is, many people already given up looking for jobs and some already past their 13 weeks of unemployment claims and those numbers won't get reported.

As for US housing, the temporary fix by their govt to help those home owners to refinance isn't going to last because majority of them have subpar credit. Within two years, half of those mortgages will be under water again.
http://news.yahoo.com/s/nm/20090805/bs_nm/...ng_deutschebank
IMO, they're just on borrowed time.

Recession is over? Yeah right.
People just refuse to accept reality the worse is NOT over.

I think US market could fall big time later end of this year or early next year. This rally mirrors the Great Depression where people thought the recovery was real after the big drop, then got caught with another 40% drop.

How's that for bear view?

This post has been edited by danmooncake: Aug 8 2009, 10:34 PM

Good point here. The rubberband 30 may also give the 'ikan bilis' the false sense of security. The other stocks may already pullback.. unless you invested in the rubberband 30, it doesn't truly measure well being until it is too late. Therefore, people need to look for other indicators before the massive exodus. If one believe the rubberband 30 will fly higher with the farce market, then invest in the rubberband 30 only because govt seems to want them to go higher. Swim along with this whale to the big ocean but the moment you sense it wanted beach itself, bail out asap.

Typhoon..man... typhoon. Betcha oil speculators are saying..opps.
they're shutting down the oil platforms over south-china-sea - too dangerous to operate.
Time to jack up the Oil price.

Also, evil Goldman Sach team also want their $85/barrel to come true @ Nymex.
They're paying witch doctors to conjour up bad weather at Gulf of Mexico.

On other hand. Taiwan did delay their planned petrol price hike because of the typhoon
- to help ease the long queue (buy it before the price hike) - actually causes self-fulfilling prophecy.

This post has been edited by danmooncake: Aug 10 2009, 02:09 AM

Bears have no tail, unlike the bulls.. sometimes chase after their peer tails - stampede and rolled over the cliff.
Bears just wait quietly and claw them when they fall out from the sky.

The next quarter will be interesting.

This post has been edited by danmooncake: Aug 10 2009, 02:31 AM