Stocks

[Smooth Operator]

Weren't taking any prisoners on The Street last Friday

Rollercoaster ride sure to continue



No place for the faint-of-heart now




But time is on our side.

Economic expansion down the road



The relentless accumulation of shares continues...

[randallscott35]

Originally Posted by Smooth Operator

Weren't taking any prisoners on The Street last Friday

Rollercoaster ride sure to continue



No place for the faint-of-heart now




But time is on our side.

Economic expansion down the road



The relentless accumulation of shares continues...

The Herbert Hoover of the board on so many levels.

[Smooth Operator]

Just keep those hedge trimmers sharp, randy

[stonegossard]

Originally Posted by Smooth Operator

Weren't taking any prisoners on The Street last Friday

Rollercoaster ride sure to continue



No place for the faint-of-heart now




But time is on our side.

Economic expansion down the road



The relentless accumulation of shares continues...

The banks are FINALLY admitting/unwinding some of the steep losses they have been hiding. Probably gonna rattle the market for the short term. Ya might be able to pick off BAC in the single digits again soon.

Market is basically range bound now. Probably will go test the 9600 area in The Dow. If that holds will probably head back to 10,400. If it does crack 9600 and stays below there could get real ugly.

The main problem is the banks. They are still in bad shape, which leads them to not lending to the consumer (without consumer spending economy isnt goin anywhere), and not lending to the small businessman. Until they open up and start acting like banks again, economy isnt goin anywhere.

[dalakhani]

Originally Posted by stonegossard

The banks are FINALLY admitting/unwinding some of the steep losses they have been hiding. Probably gonna rattle the market for the short term. Ya might be able to pick off BAC in the single digits again soon.

Market is basically range bound now. Probably will go test the 9600 area in The Dow. If that holds will probably head back to 10,400. If it does crack 9600 and stays below there could get real ugly.

The main problem is the banks. They are still in bad shape, which leads them to not lending to the consumer (without consumer spending economy isnt goin anywhere), and not lending to the small businessman. Until they open up and start acting like banks again, economy isnt goin anywhere.

The government never put any incentive for a bank to make business loans even when they were forcing tarp money down everyone's throat. If anything, they continue to hinder small business loans with excess capital requirements and loan loss reserves. Obama has tried to help but this congress really doesn't understand business (as if any do).

So your choices really are a.) Lend unsecured to small business and and risk not only default but also getting railed by the regulators.

or

B). Taking no risks and getting yield only on consumer stuff that is paying pretty nicely with the cost of funds at basically zero.

What would you do?

If the government wants to control banking, they have to facilitate some form of risk in order for there to be growth.

[Smooth Operator]

Wow … who let those bulls out of the pen today?


Still think it's a good time to be scooping up shares.

Planning to add that Vanguard Diversified Emerging Markets Index Fund (VEIEX) to the portfolio sometime in the near future, by the way.



Hate to say it … but I'm afraid those petrified by fear (like math and randy) may be falling even further behind…

[Smooth Operator]

Get those rally caps on, boys

[randallscott35]

Thought you'd be chirping. Look at the correlation to dollar weakness and your rally. It is nominal only. But if it makes you feel better. Cheers

[Smooth Operator]

Not a bad little July in the books, randall

I see some are now predicting Dow 13k as early as next year

Wouldn't that be special