Thursday, April 9, 2009

Resilience ?

This stock market is showing some surprising resilience for the past two weeks. A big selloff yesterday seemed certain, but "someone" stepped up to buy. Whether it is real buyers or beefers, "someone" wants more stock long positions.

Copper prices recovered a minor dip and are back over $2/lb.

Technology and resource stocks seem to have real buying behind them. Mirabile dictu ! That is 80% of the Fido Fund. REITs have relative strength, too. If the Fed can re-activate commercial real estate lending with the expanded TALF to give good buildings a refinancing takeout, most of the problems in that sector vaporize.

It's earnings season, so be wary - bad news could reinvigorate the bears. However, short interest is already high and there are huge amounts of cash in beefers, so good news could spark a buying panic.

I have a couple names that I'm thinking about adding to the Fido Fund.

Word of the Day

"Dysfunction" - noun [$10]; "Dysfunctional" - adjective [$10]; from the card file
Dysfunction means impaired or abnormal functioning.
Dysfunctional means having, expressing or showing dysfunction.
Sentence: Can anyone dispute that the SEC is completely dysfunctional, as most recently re-proved yesterday by their anemic or corrupt short selling proposals put out for comment ?

Le Mot du Jour

"Perte" - noun, feminine
La perte means 1. loss; 2. ruin; 3. loss or waste.
Le Phrase: Les investisseurs ont très fortes pertes et ils hésiteront beaucoup à acheter des valeurs.
Sentence: Investors have very large losses and they will be wary of buying stocks.

37 comments:

Spin-em said...

Ill take Geoff Ogilvy

Bud said...

real buyers ???


lmaoooooooooooooooooooooo


wise up Bman.........beefers gettin busy buyin...........i thought after the crash of 2008 you would forget that 'real buyer' rubbish

Bud said...

Dysfunction is a 10dollar word ?? huh ??? even i f'ng know what that means


bernanke better take notice........signs of inflation

Bud said...

does ching ming wang have the best sinker in the major leagues ??? i think so


LET'S GO YANKEES !!!!!!

Bud said...

does mark tejeira have power to all fields ?? i think so



LET'S GO YANKEES !!!!!!

Bud said...

did ching ming gook look fat or what ??? must have been eating egg rolls by the case in the off season


or maybe alot of sum yung gai........that's frosty's favorite dish too

Bud said...

when is A-fraud comin back ????............i miss that lyin lowlife scumbag


what a pussy!!!!

Bud said...

charlie manuel saved his job yday..........mern was about to call for his firing

Bunkerman said...

My card file goes back to age 16 - the handwriting on that one looks quite archaic.

I was scanning the file to words to fit yesterday and it popped up.

Well, I'm glad you knew one of my words ... Iowa State must be at least somewhat literate

;)

Bunkerman said...

uh ... you'll note I said real buyers or beefers

Bunkerman said...

"Whether it is real buyers or beefers, "someone" wants more stock long positions."

sheesh ...

Since it wasn't me, Mrs. B or Warren Buffet (the only 3 real buyers now extant), it was probably underinvested beefers.

mfl59 said...

now extant...thats worthy of a $10 tag

Chien Ming Wong...lmaoooooooooo....can't wait to listen to the callers to Mike Francesa today....

Bud said...

WFC great news

a victory for the forces of light......aka beefers


real buyers my ass



PS.....GS goin to 200 ?????

mfl59 said...

oh woe is me Hank Greenberg...

freaking liar....

mern said...

manual has enuff gud will he cud run the phillies and eagles the next 5 yrs, to all losing records and id still like him.

south park was terrific last nite!

finally a gud one.

they trashed kayne west and carlos mencia. too funny!

mern said...

jesus i watched hank at 830 and was just dying in my bed.

basically he says that the day he left, the company began to unwind.

then i started thinking about mavs link from yesterday.

"madoff is a piker"

lol

Bunkerman said...

changed my mind - bot DE, CAT in Obama Fund, not Fido Fund.

I already have MTW and TEX in taht space, so will probably cut something in this area soon.

Spin-em said...

charlie manuel....ol merny has Tom Coughlinitis(Championships kinda make ya forget)loool

mern said...

come on spin, u know u STILL want tom fired!

if andy ever wins the super bowl, ill vote for him a father of the yr!

mfl59 said...

Spin are you nervous? your 2 best pitchers got shelled...by the Orioles....

Meet The Mets...Greet the Mets....Come out to Citi Field and....

Bunkerman said...

btw, Obama is 120% long. Fido is about 125% long.

Spin-em said...

to be honest....I havent seen a pitch ..of any baseball.....Fire Giradi..lmaooooo

mfl59 said...

I'll take Paul Casey...hot hand...plays well at Augusta...

I also like Tiger Woods...lmaoooo

mfl59 said...

"PGA professional"

still laughing at that one...

Bunkerman said...

I just heard that ship attacked by the pirates is a US flagged ship. Obama's has to capture those guys & put them on trial for piracy under US law.

Otherwise he's a weak pussy.

Spin-em said...

lil late on that news arentcha bunk? Town crier sleep in yesterday?.lol

Bunkerman said...

oh, I don't listen to the radio or TV news at all, and didn't "read" the stories online or papers yesterday as I was doing taxes, so missed the crucial detail.

So on a trip to town in the H1, I happened to hear it just now.

Yes, I am a recluse.

mfl59 said...

you really gonna drive the H1 into town during a depression? the common folk may not like that Bunkerman...

Bunkerman said...

yes, I drive it to town sometimes.

I needed fuel to go to the MG range now. Taking the '16 for some practice.

Bunkerman said...

enjoy the fun.

Bud said...

holy smokes Bman...........incredible week in the shark tank......totally nailed this rally

T2018 .....vix....

pfffffffffffffffffffffft




' L'aquarium de requin est un feu !!!!! '

Spin-em said...

Is Jeter batting .385.Cano .545 Swisher .667?????

LET'S GO YANKEES

Spin-em said...

poco papi .222 AGAIN!! Varitek ..167 AGAIN Dusty .167???

HERE WE GO RED SOX... HERE WE GO!!

Spin-em said...

Does Perez really have an era of 16.62??

MEET THE METS...SAME OL METS

Spin-em said...

Is Bud the biggest pussy in the land????.....you betcha

Spin-em said...

Happy Easter everybody!!!...you too Spike

Bud said...

a late flurry....... pent up frusturation from spin


that's good ......let it out kid.......i don't want you to get knocked out after a couple games


man you gonna have a long difficult season



PS...... LET'S GO YANKEES !!!!!