Comments on Fund My Mutual Fund: Things You Would of Never Said 8 Days Ago

Jerry,Sadly I think you have it correct. I bought...

2008-07-23T18:49:00.000-04:00

Jerry,

Sadly I think you have it correct. I bought a little Fluor today and was immediately greeted with a loss :) Already loaded on FWLT, and JEC would be the next to add if not for the fact everytime I buy them I lose money within 10 seconds.

Hi Mark, Yes I owned JEC but got rid of it after t...

2008-07-23T17:29:00.000-04:00

Hi Mark, Yes I owned JEC but got rid of it after their last quarter's result in the 90's. Traded it a couple more times and didn't hold this time b4 their earning. I think it is a buy only at 70 because no matter how solid their earnings and backlogs are, the "market" doesn't give it a damn and I have to respect that.

Jerry, I remember you are a JEC investorI understa...

2008-07-23T10:47:00.000-04:00

Jerry, I remember you are a JEC investor

I understand at least conceptually the sell off in nat gas, oil, coal, even fertilizer.

But why infrastructure stocks are selling off is beyond me.

Again it just appears all to be "one big trade" and they all go together for those who control the purse strings. None of these projects will be cancelled at $60 crude and one could argue cheaper steel would make them even less bulletproof (lower material costs for said projects)

But once more if you use logic you will be sent to mental ward. Right now the trade is simply anything 6 degrees of oil (which appears to be even infrastructure stocks) gets sold off, and anything 6 degrees of financials is in. Thats just the market we've built now.

well fundamentally I wont believe any turn is star...

2008-07-23T10:33:00.000-04:00

well fundamentally I wont believe any turn is started but technically I would like to see the non best of breed names chart formations turn positive - i.e. above both 50 and 200 day moving averages and the 50 day over the 200 day.

By that I mean someone other than Goldman, JP Morgan, Wells Fargo, etc.

Right now we have taken away naked short selling on the major names in this sector so its an altered market. It would be also nice when they retract this ruling (if they do) if they continue to rally.

TradermarkWhat signs will you be looking for that ...

2008-07-23T09:04:00.000-04:00

Tradermark
What signs will you be looking for that tells you the turn in financials has started. I know everything out there sounds bad but stocks due anticipate.

You can't blame market for all the things that had...

2008-07-23T06:20:00.000-04:00

You can't blame market for all the things that had gone wrong to you it is always a better option of taking help of a financial advisor before taking any investment decisions. But many times it is much better that you know by yourself what is good for your portfolio rather then anyone else after all it’s your money. But investing is very vital decision so before investing you should know meaning as well as some market terms. I have taken the help of mutual fund dictionary to gather information about the market. I think that are also going to be in benefited by the use of it. Please check it out.

Everyone says market is so strong today. But almo...

2008-07-22T23:34:00.000-04:00

Everyone says market is so strong today. But almost all stocks I watched are red. Companies reporting good earnings today are trashed like JEC, companies reporting bad earnings are bot like WB. This US capitalism is nowhere any better than China socialism, both of which are corrupted. Indeed frustrated.

frustrating market..companies with assets, earning...

2008-07-22T16:46:00.000-04:00

frustrating market..companies with assets, earning power,and good guidance are trashed. companies with huge losses are going up...
But..reality will strike one day..hopefully that day is not so far off..