Comments on: Intraday Commentary ~ 11/25/2009

By: Goingtoretireoneday

Goingtoretireoneday — Fri, 27 Nov 2009 08:04:24 +0000

Wow, looks like we’re going to open way way down. Dow futures -317.00 and falling. A shortened session makes it interesting, but I just think the dip buyers may be out of ammo, and others that still have cash and were buying the dips will be too scared to do it.

I’ve been predicting it for probably 2-3 weeks now, but I think we might have our 3% plus pullback all in one day tomorrow. Wouldn’t shock me to see 5% down. Less than 2% down will really piss me off however. Yeah, I know… be prepared to be pissed off, right? We’ll see but I think I’ll have a smile on my face at 1pm est.

By: Goingtoretireoneday

Goingtoretireoneday — Fri, 27 Nov 2009 03:44:27 +0000

Good points guys, we’ll see in half a day.

By: JON

JON — Fri, 27 Nov 2009 01:56:09 +0000

naa…its going to be a bear trap again . You are playing the manipulation card again! Things have changed overnight in he past so lets see what happens tomorrow. If we drop 200pts into close then I will buy with my money before EOD…

By: Bin Laden

Bin Laden — Fri, 27 Nov 2009 01:53:01 +0000

Gold and silver reversing earlier losses and up less than buck as yen takes
off. Market will open down 2% and close at break even as bargain hunters
move in.
Same script, different story. Think of what a down market would do to bargain
shoppers on black friday? Will not be tolerated.

They have moved Maria Bartiromo to asia to charm and calm the masses via
CNBC asia.

By: Valerie

Valerie — Fri, 27 Nov 2009 01:49:04 +0000

Looking forward to seeing the list and source of list. thnx. Mucho interesting stuff (technical term).

By: Goingtoretireoneday

Goingtoretireoneday — Fri, 27 Nov 2009 01:36:30 +0000

Methinks that Zee, myself, and others who held short positions will be rewarded handsomely by closing bell Friday. Longs should be in some serious pain. Prediction: 3% drop across the board. Or with continued market intervention and unprecedented manipulation by the Fed and GS, maybe we close down 1%. It’d be nice to see them take a day off however, just one!

By: Davecash77

Davecash77 — Fri, 27 Nov 2009 01:31:00 +0000

EDZ long tomorrow 3X bear emerging market should do quite well IMO.

By: Bin Laden

Bin Laden — Fri, 27 Nov 2009 01:11:30 +0000

C & BAC have huge exposure.
GS has hedged exposure to many mideastern projects including ‘mortgages’
on saudi and iraqi oilfields. Fair sized exposure to AIG.

The greater the silence, the higher the exposure. RBS & HSBC have the
lions share of these debts

The chain effect to worry about (and the reason oil rebounded so fast) is
Mexico, Venez., Columbia, Peru etc., etc. have huge debts in hands of
US brokers funding the dollar ‘Kerry trade’.

Will post a list of foreign debt by nation and you can guess which american
banks are borrowing from treasury to lend at higher rates to Viet Nam or
Laos.

When this gets traced directly back to Bernanke the price of tar and feathers
will soar.

By: jdub

jdub — Fri, 27 Nov 2009 00:55:02 +0000

So far, Asian markets are down roughly 2%. let’s see how they close. if S&P holds to where the futures are trading, i don’t know if the bears can manage to bring it down below the 1083-1086 support line tomorrow. i can foresee a possible stall in that area tom. then maybe a slight move upwards on monday (mutual fund/green mondays) before dropping again later in the week which should allow performance chasers another entry point before an end of year rally.

By: JON

JON — Fri, 27 Nov 2009 00:41:46 +0000

It will be interesting to see how asia reacts. If they gain we may open flat tomorrow.

I donot think US has much exposure to Dubai like the Europeans do.