Posted on 03/08/2013 4:14:39 AM PST by dennisw
Daily finance & investment thread (3-8-13 edition)
Trying to focus on the markets for today and each day and the economic news
A number of people have talked about such a thread. Lets see how it goes. This is where you can impart some investment wisdom to your fellow
freepers. You can vent about the big one that got away. You can chime in how Obama is out to wreck American capitalism.
If you see another FR economic thread you like and want to link to it here, please do
Post your favorite economic site links. Your favorite precious metals blogs and sites
Apmex.com is a solid place with good reputation to buy precious metals Kitco is a good site for charts and other precious metals information
Ping list -- on or off let me know here or via freep-mail. If I missed you then Freep-mail me
I might ping you to other interesting economic threads a few times a week. One per day maybe
ping
Krugman is interesting today.
He still doesn’t get that if you print money and hand it out, it will accumulate in the hands of the wealthy who will use it to buy stocks.
I find it puzzling that the range from low to high of most of the iedexes, Dowindustrial Nasdaq, NYSE and others was so narrow yesterday yet volume was normal? Howcan ths volatlity be so tight? It was as if the market was only open a short time? Comments?
Buy & hold blue chipper ping.
God Bless XOM.
Hell, they’re handing it directly to brokers, who are then speculating in the commodity and other markets. And Krugman probably wonder ‘why everything is getting so expensive.’
All I can say guys, is be nimble. Do not trust these markets, and get ready to go the other direction on a moments notice, because that’s all you may have.
Remember that the market is made of the bid/ask and the bid/ask volume combined with the net volume of market orders. Basically what you had yesterday was a churning effect, buyers and sellers being evenly matched and pushing each other back and forth, but not enough to establish much more than a short term trend, ultimately leading to a flat pattern for the day.
SAND is starting to move off of the bottom. It may have more pop than SLW. I’ll be watching for an entry point. If SWHC drops more, I’ll start adding. Liberal state pension funds are looking to unload for political reasons but they are doing gangbuster earnings. These are the people I love to profit from. Good luck to all.
Thank you
Metals and Foods will be the next increasing area within the markets, and we shall see Energy stocks soar later this year. Obama is good for energy stocks by depressing natural resources in the marketplace. Know your sector and invest accordingly.
I think the market tumbles to a DOW at 10K and NASDAQ at 60% of today's prices before year's end due to International WAR.
SAND jumped today. Any theories why?
Nothing in the correlation to the price of gold. Seeking Alpha had a podium pounding article about it yesterday and some investors follow them. It climbed too fast for me to jump in but if a pullback happens . . . Now that there is interest in this again I’ll be watching closer. I try to get in on momentum trades.
On utube can find a few videos of the young (30 year old?) solid CEO of SAND —Nolan Watson— who learned the streaming game working at SLW as CFO and comes off as very smart & capable beyond his years
https://www.youtube.com/watch?v=RQSRY69RiD0
https://www.youtube.com/watch?v=KCM7EBwDnwY
Thanks for posting. I just now watched the first video and he seems to know what he is doing. We’ll see what happens Monday for SAND. Good luck.
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