Archive for September, 2008
Monday, September 29th, 2008
Bailout, Sub-prime et Al
I received a few e-mails asking if I could explain in layman’s language:
what this crisis is all about and
my stance.
I can certainly explain my stance; the first part of the question may be a little more difficult. Sure, I have my views, but like the Elliott Wave, if we put a number of practitioners in […]
3 Comments » - Posted in Market Commentaries by ray
Friday, September 26th, 2008
This Time It’s Different
First off my apologies for failing to make the pre-open comment on the ES as promised in my blog yesterday. Something came up that prevented it.
Here are my thoughts for today.
I was watching CNBC the other day and someone was congratulating the FED for acting more effectively and promptly than the Japanese Central Bank did when […]
2 Comments » - Posted in Market Commentaries by ray
Thursday, September 25th, 2008
ES 09-26-2008
The ES is now at the crossroads. You will recall that in the ES 09-22-2008 video, I articulated the view that I was looking for a 13-week line change (i.e. a correction of a quarterly trend magnitude). I also said that because I considered the low of October 18 to be a ’spike’ low, […]
1 Comment » - Posted in Market Commentaries by ray
Wednesday, September 24th, 2008
It’s OK, We Are Here to Help (??)
I ‘love’ governments. They cause the problem, then wring their hands because ‘you caused it’ and then come up with a cure that is worse than the disease.
Let’s look at the current US financial quagmire.
First Greenspan expanded the M3 to the extent that it not only assisted in the creation of a stock market bubble but […]
1 Comment » - Posted in Market Commentaries by ray
Tuesday, September 23rd, 2008
Pot Pourri - US Bank Lending Policies, Bonds, & Short Sale Bans
A Pot Pourri tonight.
First off despite the now US$1.6 trillion bailout, lending policies, at least at one US Bank, have not changed. Here’s why I say this.
A friend of mine living in Las Vegas tells me he bought a US$250k home with a US$100k deposit and borrowed the rest. The lending bank did not ask […]
4 Comments » - Posted in Miscellaneous by ray
Monday, September 22nd, 2008
ES 09-22-2008
Given the dramatic events of the previous week, I videoed my comments for the ES today. The Aussie and Singapore Stock Markets, I’ll do tomorrow.
Here’s the link:
http://www.tradingsuccess.com/download/220908/220908.html
I received quite a few ‘thank you’ e-mails.
Guys and Gals, I do not want to appear churlish - I appreciate your thanks and I rejoice in the fact you […]