I'm thinking that petroleum related stocks (production & movement only; exploration and refining is a losers game), commodity stocks (they'll need that copper, tungsten, etc eventually), and perhaps even financials are good long term buys.
I see a couple more days of panic selling to continue, seeing how the US govt is powerless to do anything now, the Euro zone continues to sink, and the Fed seems unwilling to save us from ourselves - so no rush - stocks will be cheap, or getting cheaper for a while.
I'm wondering when to change our EUR to SEK. I'm currently paying all expenses with our Swedish payments, but at some points we'll have to use that foreign money, which is roughly half the turnover. Our economy is very strong, public finances very stable (it's because of all the tax, if anyone wonders). OTOH SEK is a small currency. If this was a boom it'd go up up and away, if finances were crap, it'd hit the floor of the Atlantic. It'd be easy to know what to do. But now it's just bouncing bouncing, and at some point I have to change it all to SEK, but historically, my timing sucks big time. Maybe each time EUR/SEK hits a year-high, I change half of what we have at the moment?
As for investing, I first make sure to pay all interest payments for as far in the future as possible. Then weird little green-tech companies for the rest "Everything on Red!"
I'm wondering when to change our EUR to SEK. I'm currently paying all expenses with our Swedish payments, but at some points we'll have to use that foreign money, which is roughly half the turnover. Our economy is very strong, public finances very stable (it's because of all the tax, if anyone wonders). OTOH SEK is a small currency. If this was a boom it'd go up up and away, if finances were crap, it'd hit the floor of the Atlantic. It'd be easy to know what to do. But now it's just bouncing bouncing, and at some point I have to change it all to SEK, but historically, my timing sucks big time. Maybe each time EUR/SEK hits a year-high, I change half of what we have at the moment?
As for investing, I first make sure to pay all interest payments for as far in the future as possible. Then weird little green-tech companies for the rest "Everything on Red!"
Euro is going down after ECB starts serious shit buying spree. That's what we all hope at least. I wonder why it hasn't collapsed already if the bond markets are showing the "truth" about the health of the euro-zone...
It must be fun to work on those Helsinki-Stockholm ferries : p
In Jan 2009, during that crisis, me and my sis wen't on one (on our way to Japan) and realised that the exchange rate they used in all the slot machines was so off that we simply played up all our SEK and after the machines had taking their "bank-wins-on-average" charge, we still walked away with substantially more euros than if we had changed it. Although we had it all in coins :s
Gold and the Swiss Franc are traditionally two safe havens in times of economic uncertainty and sure enough they have been doing very well recently. Saying that... gold is basically going parabolic hitting new all time highs so if anyone plays in the commodities markets... Gold is likely overbought in the short term at least.
On a purely T/A base... These look worth investigating.
QCOR Questcor Pharmaceuticals Inc. PHYS Sprott Physical Gold Trust Etv (Gold is risky IMO) FXF Swiss Franc Trust (this looks parabolic tho) CBOU Caribou Coffee Company Inc.
So maybe a 5% position Qcor and Cbou.
For FXF, I'd wait for a pullback and see if it is still bullish. There is a lot of risk in that one.
QQQ looks interesting again. It feels like the best trade. It's over 3 standard deviations on the low side. Vastly over sold. Could get a rally back to 55 (about 10%) in a couple days.
I went ahead and opened a QQQ position with a 54.90 limit sell order good til cancelled.
---- edit - in at 50.74 - closed at 53.09 so already up 4%. This thread payed for some board games. :-)
So Paul Krugman told you his secret for his economics predictions, did he?
My recommendation would be to buy guns and ammo.
I'm not a good enough shot. My strategy is to be so charming that the good shots of RSP consider me a key part of their future happiness and thus rescue me from the rampaging hordes.
My recommendation is PANL (Universal Display). They are a New Jersey company that owns the IP and materials for phosphorescent OLED displays and lighting. OLED is significant for several reasons. One is that it's entirely green - no hazardous materials or metals like incandescent, fluorescent and LED lighting. Another is that OLEDs basically fix all existing issues on the video side of the equation - contrast ratio of 1,000,000:1, refresh rate of 600Hz, and pixel response of .02 ms (2 orders of magnitude faster than the best LCDs). Another is that they can be made as flexible displays or transparent (or both).
Universal Display just reported Q2 results after the market close yesterday and were up 30% at one point today (up 20% right now).
I'm not a good enough shot. My strategy is to be so charming that the good shots of RSP consider me a key part of their future happiness and thus rescue me from the rampaging hordes.
How's it working so far?
Still undecided.
Does anyone have a guess for when we should buy low?
"Consumer spending is a leading economic indicator," said Michael A. Petronella, president, Dow Jones Indexes. "The Dow Jones Emerging Markets Consumer Titans 30 Index tracks the largest and most profitable consumer goods and consumer services companies in developing countries today. This allows investors to examine consumer spending in developing countries during the global economic recovery," he said.
"As the developed world transitions from a society of spenders to a more prudent one of increased savings, the emerging world is slowly moving in the other direction," said Richard C. Kang, chief investment officer & director of research, Emerging Global Advisors, LLC. "Although individually the emerging market consumer may have a smaller amount to spend, because of the size and youth of this demographic they are able to compensate for the massive structural changes happening in the developed world. This ETF is the first emerging market fund paying attention to this trend," he said.
Euro is going down after ECB starts serious shit buying spree. That's what we all hope at least. I wonder why it hasn't collapsed already if the bond markets are showing the "truth" about the health of the euro-zone...
The direction the Euro is going to go depends heavily on the ECB's actions. Most of southern Europe would love a weaker euro: They actually want some inflation. On the other hand, the boys at Bundesbank believe that all the ECB is there to do is to lower inflation, which means a tight monetary policy, and a lot of trouble for the countries in a crisis.
If devaluation is not part of the plan, we'll see countries leaving the euro, which would probably make the currency stronger: Imagine how strong the Euro would be if the PIIGS weren't in it: The only reason they remain in the Euro is that leaving it would lead to a very stressful period, maybe as long as a year, Argentina style.
So really, while chances are that the Euro will devalue, as a bankrupt Portugal or Spain would crush the German banks, it is technically possible for the currency to up the roof.
United States North Central Louisiana / No Longer A Resident of the Shreveport/Bossier City Area / Currently I sponsor gaming groups in Monroe & Alexandria, LA. Louisiana
On a purely T/A base... These look worth investigating.
QCOR Questcor Pharmaceuticals Inc. PHYS Sprott Physical Gold Trust Etv (Gold is risky IMO) FXF Swiss Franc Trust (this looks parabolic tho) CBOU Caribou Coffee Company Inc.
So maybe a 5% position Qcor and Cbou.
For FXF, I'd wait for a pullback and see if it is still bullish. There is a lot of risk in that one.
QQQ looks interesting again. It feels like the best trade. It's over 3 standard deviations on the low side. Vastly over sold. Could get a rally back to 55 (about 10%) in a couple days.
I went ahead and opened a QQQ position with a 54.90 limit sell order good til cancelled.
---- edit - in at 50.74 - closed at 53.09 so already up 4%. This thread payed for some board games. :-)
Limit order sold today at 54.90.
High was actually 55.05. I imagine part of the drive down was folks with limit orders and program trades at 55.00. Could go up or down now.
There's not a lot of upward pressure under T yet. Hard resistance above at 30. Very little support below. Possible issues with their iphone business. stockta shows a lot of very bearish indicators.
I love "T" for the dividend tho and have been watching it.
CSX similar and just had a MACD sell signal. stockta shows a lot of very bearish indicators.
There isn't much I am interested in at this point. The market is ambiguous and could drop significantly in September (historically one of the worst months on average but averages are just averages).
---
So what are you seeing that makes them worth entering right now?
Posted Mon Aug 8, 2011 9:45 pm
"Everything on Red!"
