Tue, Sep 16, 2014, 2:16 PM EDT - U.S. Markets close in 1 hr 44 mins

Recent

% | $
Quotes you view appear here for quick access.

Noble Corp. Message Board

  • my2bits44 my2bits44 May 17, 2012 12:27 PM Flag

    nervous time

    Market looking very weak at this point, have not added any more NE but will keep what I have for now, I have some hedges that are helping me but this is starting to make me pretty nervous.....

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • If Hollande and Merkel shake hands at dinner tonight, that would be enough to spark more short covering tomorrow.

      Euro killed today, so this means somebody is very wrong, either the currency markets or the equity markets...and guess which one is not the smart" money?

    • I wonder what the real endgame with greece and the euro will be. The greek elections are june 17 and the fed meeting on june 21. It may be all downhill until then with a possible huge rally if there is stimulus from both. If negative on both, down we go. If one but not the other, we probably end up the year at s and p 1200. IMO

    • Atlanta is a huge foreclosure wasteland, fortunately I have not been an owner...It is not uncommon at all for a well maintained suburban commodity style home to sell less than it value from 10 or more years ago.

      A higher end steakhouse that I visit routinely e-mail me $20 off coupons...This never happened prior to 2008...The economy sucks here, but people will take on as much debt as they are extended to keep the dream alive.

    • PIS---Maybe Texas---but Florida still a disaster --except where I am in Central FL [ The villages] --selling more than 200 new homes a month. Rest of the State is still well under water!!

    • Texas Holdem anyone?

      BTW, in my little area, the housing market is turning over to a sellers market. Houses are not for sale, homes are being sold over asking price. Last house sold was 4 months ago. The prices are stable to up.

      People are still worried, big time.

      J.

    • Chute=----well said!!!

    • I'm not convinced you can tell much by today's action.

      Low volume on the S&P compared to the 4 big down days that preceeded it. How much was a rally that got a head of steam toward the 2nd half of the day from short covering? How much was just an oversold bounce? Will there be follow thru?
      Are we now in a "sell the rallies" phase? The trendline for May is still down.

      On the other hand, sometimes sustainable rallies start this way....low volume....people uncertain....and then it gains momentum (and volume) as it continues and people commit to the rally.

      My working assumption is that we've had significant institutional selling distribution in May and that bounces of any magnitude will be regarded as opportunities to lighten up and see how Europe and the summer play out.

      Within that framework I think we get jerked around by headlines. I could see us rally on a big headline out of Europe addressing the Spain problems. I could see us rally on a QE3 announcement. Bernanke is not going to just sit idly by as the market tanks. Until housing recovers, the stock market is the only place he can attempt to create wealth (however temporary) that he hopes will spill over into the economy. The house of cards is still being built.

    • Looks like I am wrong, which is good, since I am mostly a long term investor/trader. hopefully, we can get one more bounce up into june like last year.

    • Few more days like this would certainly be nice ;))

    • Whew!
      Not exactly celebrating yet, but nice to see a sizeable bounce and maybe crude being able to stabilize in the low 90's.

    • View More Messages
 
NE
25.475+0.055(+0.22%)2:16 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.