Sunday, July 19, 2009
WHEN DID THIS START?
Can the S&P get down to 600? Gary Shilling thinks it will, and by the end of 2009.
MORE GE JAWIN'
Earlier we talked about Charles Ortel's GE to $2 call. Now here is someone taking him to task and calling for $20. The "debunking" did not convince me and I am still leaning toward the $2 call. But I do like the blogger's solar panel web site.
http://seekingalpha.com/article/149708-debunking-ortel-s-ge-short-case?source=article_lb_articles
http://seekingalpha.com/article/149708-debunking-ortel-s-ge-short-case?source=article_lb_articles
THE RALLY CONTINUES?
The rally still seems to be ongoing in spite of a lot of negative talk all along the way.
Another good example of trade what is, not what you think.
My long-side watch list has the following (with Friday close);
GDX $38.64
QQQQ $37.56
BAC $12.89
GS $156.84
http://finance.yahoo.com/q/cq?d=v1&s=GDX,QQQQ,BAC,GS
On the opposite side, I still think GE ($11.65) has another big hit coming. The debt versus equity on this thing is ugly. Charles Ortel says its worth $2.00! (See the tech ticker at Yahoo!)
I would be looking for some GE puts as a pure speculation. Because again, its not what I think but what the girls on the street are doing.
Also on the dark side, Gary Shilling, who has a very good track record, thinks the S&P is going to fall 35% to 600 by the end of the year!
He likes treasuries and the dollar!
He says it's deflation we have to worry about, not inflation, "For the next 10 years, we're going to have chronic deflation, and the economy is going to grow at a paltry 2% per year."
Again, some puts on the SPY ($94.13) would be the speculation here. May be a good time to buy now as the market heads higher.
Another dark side call that is very strange is by Nick Guarino who says gold (GLD $91.93) will crash and go to $300. My own thinking is that if deflation is going to be in the cards, gold just might have a problem.
Another good example of trade what is, not what you think.
My long-side watch list has the following (with Friday close);
GDX $38.64
QQQQ $37.56
BAC $12.89
GS $156.84
http://finance.yahoo.com/q/cq?d=v1&s=GDX,QQQQ,BAC,GS
On the opposite side, I still think GE ($11.65) has another big hit coming. The debt versus equity on this thing is ugly. Charles Ortel says its worth $2.00! (See the tech ticker at Yahoo!)
I would be looking for some GE puts as a pure speculation. Because again, its not what I think but what the girls on the street are doing.
Also on the dark side, Gary Shilling, who has a very good track record, thinks the S&P is going to fall 35% to 600 by the end of the year!
He likes treasuries and the dollar!
He says it's deflation we have to worry about, not inflation, "For the next 10 years, we're going to have chronic deflation, and the economy is going to grow at a paltry 2% per year."
Again, some puts on the SPY ($94.13) would be the speculation here. May be a good time to buy now as the market heads higher.
Another dark side call that is very strange is by Nick Guarino who says gold (GLD $91.93) will crash and go to $300. My own thinking is that if deflation is going to be in the cards, gold just might have a problem.
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