http://biz.yahoo.com/research/earncal/20080617.html
Morgan Stanley reports on Thursday.
Barclays is saying it might need to raise $8 Billion by selling stock to sovereign wealth funds. It seems as if these funds are the debt/equity dumping grounds of 2008.
I would like to see an estimate of how long our global financial models would be stuck in the mud if they were not able to sell their soul to sovereign wealth funds.
And while we are on the topic, why doesn't the government facing the largest social/financial crisis in the world, have a sovereign wealth fund?
The US is so short on meeting its obligations currently, this might be a way(outside of raising taxes) to shore up the balance sheet.
This should be a great week with fundamentals moving the Market.
It seems as if the markets want to move North, and therefore they might digest bad news in a "less than dire" manner.
Good Fortune from Trade-Equity.com!!!
Monday, June 16, 2008
CME Sees Gov Approval, LDK, IPI, and DRYS Rise
May the King Justice help the CME?
http://tiny.cc/70Fhz
The stock has been hammered the last 2 months, this might possibly give rise to an up ward trend. There is plenty of room to rise vs. earnings.
The charts are showing good stuff at IPI and LDK. Wait for the IPI pullback to buy though. Potash is supposed to see 200% gains in the next 2 years and they won't do that and leave IPI behind. Keep in mind they have all seen a nice run up currently.
LDK looks great and on target to hit our 55 target buy September, if oil doesn't go to 80 per barrel.
DRYS is bouncing but the technicals look like a head and shoulders pattern. So if you enter, consider a pure short term trade. 93 is solid resistance, and might be considered as an exit.
CNBC is talking about the FEDs possible or not so possible rate hike. The Saudis are talking about raising oil production by 500k barrels next month. Keeping in mind this is an election year and a potential increase of rates, could topple the market and that could be blamed on Republicans in the November election. So, Paulson and Bernanke are being labeled as "cheap talk" on Fast Money. I think this is what we were talking last week.
http://tiny.cc/70Fhz
The stock has been hammered the last 2 months, this might possibly give rise to an up ward trend. There is plenty of room to rise vs. earnings.
The charts are showing good stuff at IPI and LDK. Wait for the IPI pullback to buy though. Potash is supposed to see 200% gains in the next 2 years and they won't do that and leave IPI behind. Keep in mind they have all seen a nice run up currently.
LDK looks great and on target to hit our 55 target buy September, if oil doesn't go to 80 per barrel.
DRYS is bouncing but the technicals look like a head and shoulders pattern. So if you enter, consider a pure short term trade. 93 is solid resistance, and might be considered as an exit.
CNBC is talking about the FEDs possible or not so possible rate hike. The Saudis are talking about raising oil production by 500k barrels next month. Keeping in mind this is an election year and a potential increase of rates, could topple the market and that could be blamed on Republicans in the November election. So, Paulson and Bernanke are being labeled as "cheap talk" on Fast Money. I think this is what we were talking last week.
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