Comments on: Intraday Comenntary ~ 11/27/2009 – Idan Is Back!

By: Mind the gap

Mind the gap — Sun, 29 Nov 2009 06:19:05 +0000

Here is an article on the Greece debt problems:

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/6630117/Greece-tests-the-limit-of-sovereign-debt-as-it-grinds-towards-slump.html

By: Mind the gap

Mind the gap — Sun, 29 Nov 2009 06:11:48 +0000

Thanks for the thoughts jdub. Dubai could be the first but it could also be isolated. That’s why I’m not all short the market. Thankful for TA, this way we can increase our odd somewhat without having to wait for the actual news to come out. I was watching a video of Art Cashin and he was mentioning something about problems in Greece, have you heard anything about that? He was also saying that China could have some over capacity that could cause some funds to be withdrawn from those projects. So he sees all this as potential risk out there, not to mention a possible attack of Israel on Iran.

By: jdub

jdub — Sat, 28 Nov 2009 20:17:57 +0000

I’m about 30% short, 15% long, and 55% cash. What I’m saying is that by the time the evidence that this is more widespread, the market has already dropped a lot. When the first instance of “subprime” came up, people played it down saying it’s a tiny part of all MBS and nothing to worry about. By the time it was main street lingo, market has tanked by a lot. Not as low as the March lows but still low. The few people I respect at CNBC is D. Faber and he has reported how Dubai COULD be the 1st of many sovereign wealth funds to experience this. He also mentions other more leveraged wealth funds out there who could possibly be more in danger of going under. If Dubai is to Bear Stearns of the subprime mess, there will be other Lehmans. If another domino effect happens this time around, I don’t think the CBs of the world can do anything fast enough to prevent a catastrophe.

Just some thoughts rambling in my head….

By: Mind the gap

Mind the gap — Sat, 28 Nov 2009 19:05:20 +0000

I think what they’re saying is unless there is more evidence that this is more wide spread we shouldn’t think that we’re suddenly going to the March lows, like some people have been saying for the last 6 months, just because this ONE event has occurred. I’m 25% short the market and the rest in cash.

By: Mind the gap

Mind the gap — Sat, 28 Nov 2009 19:02:58 +0000

It a nice way of putting to make it easy to understand. So I presume you’re thinking it may happen but far from how severe they see it?

By: Valerie

Valerie — Sat, 28 Nov 2009 17:31:20 +0000

Uh-huh. But it sure was a fun-filled way to get the market to correct a little, wasn;t it?

By: Valerie

Valerie — Sat, 28 Nov 2009 17:29:58 +0000

thnx. I was looking for this list. Wonders, wonders….C is in the top 5. LIB.

By: jdub

jdub — Sat, 28 Nov 2009 04:57:18 +0000

they all said at one time that the subprime problem was a small one and could be contained.

By: Mind the gap

Mind the gap — Sat, 28 Nov 2009 04:22:18 +0000

Societe Generale’s latest comments on a potential collapse:

http://www.telegraph.co.uk/finance/economics/6599281/Societe-Generale-tells-clients-how-to-prepare-for-global-collapse.html

By: Mind the gap

Mind the gap — Sat, 28 Nov 2009 01:50:13 +0000

I wouldn’t be surprised to see green on Monday but I don’t think it will last. People are on profitable positions for the most part and want to make sure they lock in profits at least on some of their portfolios.