פוסטים אחרונים בבלוג
אנחנו בפייסבוק
Hey guys
Let's review some key dates. First, December 17 is when the President is scheduled to start his vacation, so theoretically a budget deal needs to be struck by then. Unfortunately, I haven't been hearing anything about Clinton-style late night phone calls to cajole congress into hammering out some kind of compromise deal. Rallying support from the public is not the same thing. Conservatives are often called evil-doers for wanting to cut spending on "sacred" programs, but today more than ever before, someone has to be the grown-up and say no. Governing a debt-ridden nation is hard work. Just look at what the eurozone is going through. Continuing to be the good guy by saying yes to everyone's pet program is no longer an option.
The U.S. overall has largely avoided the really big discomfort so far because we are in the singular position of being able to print money without causing inflation. But more debt is not a long-term answer. It has always been Fed Chairman Bernanke's plan to eventually shrink the balance sheet back down to normal levels. Stimulus is intended to help push up revenues, create jobs, and thus reduce the need for entitlements like jobless claims, but spending cuts ultimately will be necessary to make any major impact on the deficit. On Wednesday, Bernanke announced a new round of stimulus in the face of a still-shaky economic recovery, and he said that the Fed would keep interest rates near zero until the unemployment rate falls below 6.5%, as long as inflation remains below 2.5%.
The next date of interest is December 21 and what some say is the Mayan Prophecy end of days. It will be a very Merry Christmas indeed if the black hole doesn't suck up the Earth or floods don't engulf us all. There's no materialism in that Christmas wish.
If we all wake up on Saturday, December 22, then it will back to reality. But first there is the Christmas break on Monday and Tuesday before the cliff kicks in on January 1.
The market has been impressively resilient given the huge cloud of uncertainty. Exceptions include Apple (AAPL) which has fallen substantially in what many are calling tax-related selling in to lock in capital gains at the lower tax rates we have today.
But if a deal can get done - even if it is sometime during January - many insiders think that the economy is primed to roar. It might be worthwhile to buy some February call options on a market index as a lottery ticket.
The charts got more bullish this past week as investors begin to position in anticipation of a budget deal. The S&P 500 SPDR Trust (SPY) closed Wednesday at 143.51, confirming its break above strong overhead resistance at both the 50-day simple moving average and prior support-turned-resistance at 143. A bullish rising channel looks to be forming, and the upper line of the channel appears to be converging with the prior triple-top resistance near 147. Oscillators RSI, MACD, and Slow Stochastic are all providing little guidance as they cycle back and forth within the trading noise.
The CBOE Market Volatility Index (VIX), a.k.a. "fear gauge," closed Wednesday at 15.95, which is down further from last week and still well below the important 20 level, reflecting no apparent fear.
The rest of the article u can read by clicking the above link
Don't feel like pasting it here sorry..........
Enjoy whatever u may be doing
have a nice weekend
R
Sector Detector: Santa Tries To 'Sleigh' The Fiscal Cliff
Santa Claus is trying his hardest to keep spirits bright among stock investors. But the President and the House are not playing nice and just might find a lump of coal in their stockings. Neither appears willing to give an inch, so some observers predict that we will indeed go over the fiscal cliff, at least until mid-January. Then, with across-the-board tax increases and spending cuts in place, the politicians can be seen as having restored tax cuts for most of us rather than seen as making the marginal rates on some of us go up.Let's review some key dates. First, December 17 is when the President is scheduled to start his vacation, so theoretically a budget deal needs to be struck by then. Unfortunately, I haven't been hearing anything about Clinton-style late night phone calls to cajole congress into hammering out some kind of compromise deal. Rallying support from the public is not the same thing. Conservatives are often called evil-doers for wanting to cut spending on "sacred" programs, but today more than ever before, someone has to be the grown-up and say no. Governing a debt-ridden nation is hard work. Just look at what the eurozone is going through. Continuing to be the good guy by saying yes to everyone's pet program is no longer an option.
The U.S. overall has largely avoided the really big discomfort so far because we are in the singular position of being able to print money without causing inflation. But more debt is not a long-term answer. It has always been Fed Chairman Bernanke's plan to eventually shrink the balance sheet back down to normal levels. Stimulus is intended to help push up revenues, create jobs, and thus reduce the need for entitlements like jobless claims, but spending cuts ultimately will be necessary to make any major impact on the deficit. On Wednesday, Bernanke announced a new round of stimulus in the face of a still-shaky economic recovery, and he said that the Fed would keep interest rates near zero until the unemployment rate falls below 6.5%, as long as inflation remains below 2.5%.
The next date of interest is December 21 and what some say is the Mayan Prophecy end of days. It will be a very Merry Christmas indeed if the black hole doesn't suck up the Earth or floods don't engulf us all. There's no materialism in that Christmas wish.
If we all wake up on Saturday, December 22, then it will back to reality. But first there is the Christmas break on Monday and Tuesday before the cliff kicks in on January 1.
The market has been impressively resilient given the huge cloud of uncertainty. Exceptions include Apple (AAPL) which has fallen substantially in what many are calling tax-related selling in to lock in capital gains at the lower tax rates we have today.
But if a deal can get done - even if it is sometime during January - many insiders think that the economy is primed to roar. It might be worthwhile to buy some February call options on a market index as a lottery ticket.
The charts got more bullish this past week as investors begin to position in anticipation of a budget deal. The S&P 500 SPDR Trust (SPY) closed Wednesday at 143.51, confirming its break above strong overhead resistance at both the 50-day simple moving average and prior support-turned-resistance at 143. A bullish rising channel looks to be forming, and the upper line of the channel appears to be converging with the prior triple-top resistance near 147. Oscillators RSI, MACD, and Slow Stochastic are all providing little guidance as they cycle back and forth within the trading noise.
The CBOE Market Volatility Index (VIX), a.k.a. "fear gauge," closed Wednesday at 15.95, which is down further from last week and still well below the important 20 level, reflecting no apparent fear.
The rest of the article u can read by clicking the above link
Don't feel like pasting it here sorry..........
Enjoy whatever u may be doing
have a nice weekend
R
הודעות חשובות
המוסדיים בורחים, הפרטיים מסתערים
התנודות בכסף מספקות שיעור מרתק בפסיכולוגיה של שוק: בזמן שהמחיר התרסק ב-27% ביום אחד והגופים המוסדיים מיהרו לצמצם חשיפה ולהגדיל נזילות, המשקיעים הפרטיים דווקא הסתערו על הנכס והזרימו כמעט חצי מיליארד...
נוקוטו היום, 20:15