Comments on Fund My Mutual Fund: S&P Back to Top of its Multi Month Range as World ...

I'm rarely not facetious ;)

2009-01-02T14:33:00.000-05:00

I'm rarely not facetious ;)

I have TradeStation and they have copper on there,...

2009-01-02T14:30:00.000-05:00

I have TradeStation and they have copper on there, but TradeStation recently changed how they tabulate (calculate) their continuous futures contracts putting into question any analysis; I have another vendor for data but the data isn't necessary to see that copper is poorly underperforming---I assume you are being facetious about the global rebound....there is hope

The rally of last 2 days reminds me of buying the most of what has been killed the most the last year--like oil, emerging markets, etc

Oa,that's all china playseasy way to play them all...

2009-01-02T14:28:00.000-05:00

Oa,

that's all china plays

easy way to play them all in one is FXI

Irony is ACH actually is reducing output huge as announced in a Bloomberg story today but you cannot fight thesis.

If you look at PTR, ACH, CHL..They all have good c...

2009-01-02T13:15:00.000-05:00

If you look at PTR, ACH, CHL..They all have good chart??

not sure how accurate this is, but clearly it show...

2009-01-02T13:07:00.000-05:00

not sure how accurate this is, but clearly it shows a global economy rebound! ;)

http://www.dailyfutures.com/metals/

they did nothing last week either - a few financia...

2009-01-02T13:06:00.000-05:00

they did nothing last week either - a few financials are ok, I am looking at what I own (RF)

p.s. what do you use to chart copper? I am trying to find an old website I used to use but don't remember what it was.

Did you notice the financials are down today? Hmm...

2009-01-02T13:03:00.000-05:00

Did you notice the financials are down today? Hmmmm....I thought they were "critical" to the health of the market and the economy?

"He" arrives on 20th... do not doubt him. He shal...

2009-01-02T12:48:00.000-05:00

"He" arrives on 20th... do not doubt him. He shall save us.

ahem.

While its true it takes a mountain of bad news, when the market falls it happens in a much shorter duration. 4 months of good can be erased in 2 weeks.

I'm not shorting this market; just selling off bits here and there and redeploying in names that are just about to break out aka Obama has yet to heal with his touch.

I saw on CNBC this morning they did a survey and only 4% (or was it 6%) said the market would be down in 2009. Doesn't exactly sound like a bearish call but then again every year the survey says it will be an up year.

The funny thing is this market is now expensive on 2009 S&P 500 estimates (at least anything below $60) - we're quickly approaching 15x forward estimates. And I believe $60 won't be close to what we do.

But nevermind that - government stimulus saved us in the 1930s so it will now...

TM:Happy, Healthy New Year! I hope I don't jinx u...

2009-01-02T12:33:00.000-05:00

TM:

Happy, Healthy New Year!

I hope I don't jinx us all by creating a consensus, but I do agree that the current and recent "pop" is a better selling opportunity than buying. In other words, sell into strength.

The sentiment picture has become somewhat bullish yet the market internals remain only fair. My only concern is that it takes only one 15 minute announcement (i.e., another bailout or government throwing money around) to get the bulls all lathered up. On the other hand, it takes a mountain of evidence to create the bearish case. As if the market being up the last 3 days on scant weren't enough....ahh but it doesn't matter...we only need one day to make things bullish and erase the last 12 months.