Will The Market Rally Today?

19 thoughts on “Will The Market Rally Today?”

1. I remember
   >(one month to be exact) the banks were flush with brand new printed money,….<
   I was mad at my employee for not getting used ones. I went myself and this is the only time they had only new. Ready for a run on the banks?

   (Rest of the story: Check out lines went 30 min. to 45 min. Customer fell to ground with heart attack. Other people in line just stepped over him, TEXAS.)

2. Keep your positions reasonably sized, decide how much you are willing to risk on any trade first. If you followed Adams daily updates you should know that a reversal was likely. An idea, when it's this volatile, is to balance trades to remain overall neutral: long an up trending market, short a down trending one. Better success next time!

3. Hey Jim Robinson, my name is the same as yours. My legal name is James Robinson. I agree with your assessment that the political situation is just one more difficulty for traders, as always.
   Your pic looks good, I have a little more grey hair.
   JR.

4. Obama

   Thomas

5. Vix buy last few days. rsi buy - PFF -is it 7%. This is a good buy signal, but I had these all the way down in 2008(loss 25%). I am double $$ this buy. 3% stop. But I worry about a flash crash, Set low buys?

   Sounds like blood in the street............ yeaaaa...

6. ADAM
   DO YOU THINK A LOT OF INVESTORS WILL BE GOING TO CASH AND WAITING FOR THE FALL OUT OF THE DEBT CRISIS TO GET BACK IN AT A LOWER LEVEL? HOW MUCH OF A DROP MUST OCCUR BEFORE THEY CLOSE TRADING ON THE MARKET?

7. as per the comments above. yes you are right. it is obama's fault,most of it anyway. it has always stuck me strange that just after obama was elected. (one month to be exact) the banks were flush with brand new printed money,....from one's to one hundreds. it was straight off the press. it was hard to count because it wanted to stick together. and it stayed that way for over a year. now why was new money printed with the speed and amount that would pile up as high as MT. Everest??? timing is everything, and that one made alot of people go...... HUH?

8. Americans are great people. Just swallow the bitter pill and solve this problem. You can do it!

9. Just one more difficult situation the trader has to deal with. Subject to the opening, I think I will move almost completely to cash on Friday, cutting some great gains short (in the casino stocks,MPEL,MGM,LVS, and WYNN, which I figured to hold through earnings in August with expectation of 50% more upside, but whatever, we all know that there will be many more opportunities after the currenjt chaos dies down don't we? The key is to protect working capital and speaking of Bush tax cuts, where are all the jobs they claim that the tax cuts create?

10. I agree, totally with Bob Sommers. It was the Republicans' and Cheney's vote as a VP in the Senate (51-50) that gave the tax cuts to the rich and refused to limit the inheritance exemptions. Republicans refused to control the financial institutions and preached the virtues of the uncontrolled free market, which brought about the collapse of the system, Enron, Worldcom, Madoff and the rest. They bailed out the big banks without making them pay for their corrupt practices. I remember Mr. Wolfowitz testifying before a Congressional Committee that the war in Iraq wouldn't cost more than . . . 1 Billion, and now we know it has cost us hundreds of billions. As a reward for his wisdom Wolfowitz was appointed chairman of the World Bank by W. Bush and was later kicked out for misconduct. They managed to extend the tax cuts for the rich last time and are doing their Enrichment of the Rich program again, now. I hope they don't get their way again! Their stubborn refusal to compromise is too transparent to fool the American people. No tax, no revenue increase, no extension of the debt limit just don't pass the smell test of honest negotiation!

    Adam Hewison may have some good financial advice, but his political views are blatantly slanted. I watched his video the other day and was disappointed at his bias. Many rich people know that they should pay more and have responded favorably to tax rate increases in the past. There was a time when the tax rates were much higher for rich, even under President Reagan. There is no evidence that taxing the rich a little more now will slow down economic activity. The rich know that they are rich because they benefited from being in this society and they owe something more to this society. Pick up the book "Justice" by Michael Sandel for $6 and learn why the world we live in cannot be a jungle and why Libertarian Economics (like Adam Hewison seems to like) do! The wise rich people like Buffet, Gates, Ted Turner and many others know this and have said that taxing the rich more now is only fair! Listen to them!

11. US government is playing drama,the whole thing is fabricated,the purpose is to kill the $ and then buy them back!from China you mark this comment.

12. its all planned and its not Bush or Obama
    its all about
    Derivatives activity at commercial banks, as measured by total notional values
    of over $56 trillion as of December 31, 2002, continues to grow dramatically.

    now its close to 100 trillion and cant be serviced

    so it makes the USA debt of 14 trillion looks small

13. Sure Bob, Obama could have taken measures; and he hasn't--kept up the drumbeat that his predecessor started, so Obama has greatly contributed to a mess, that now is also of HIS making.

    Regarding the other comments; stop complaining... don't fight the market. The market follows its own drummer, and its headed down.

    Later it will reverse course, but your equities will continue to be priced in dollars which are losing value, and will continue to do so. Check out the U.S. Dollar Index in terms of gold metal since 1992, table printed at this site ( http://www.gotgoldreport.com/2011/07/chart-book-july-27-for-usd-gold-and-silver-.html#more )
    and you will see what I mean.

    Time to move your money into precious metals and profit from the uptrend.

14. Right. It's all Obama's fault. The unfunded Iraq war was Obama's fault. The unfunded Afganistan war was Obama's fault. The unfunded Bush tax cuts that turned black ink to red ink for the federal government (from a surplus to a deficit)...also Obama's fault. And because we all know that all tax cuts are good, the unfunded Bush tax cuts were also Obaa's fault. VP Dick Cheyney's belief that "deficits don't matter", also Obama's fault.

15. I agree with above comment, the bond and stock market has only been going up slightly without any major drop except one day drop of 1.5 to 2%. As far as current whitehouse & admintration, it has destroyed the economy for a long time to come with charging endeleesly with their no limit charge card, I hope we do default to sober the market and the president, leaving the message that we can not go on acting the way we did as a country for past 2 years or more. May be then, we can start the correct plan. Even the Greek has the better sense than we do.

16. Hi Adam

    by following the trading triangle couple adays ago I had a big loss as the trading triangle was expecting the s&p500 would go up (positive) with a score of +90 and the market dropped 🙁

17. Dow was 11500 in March and 11800 in June so has not really come back much. Whitehouse has seen the Dow not really reacted that much to the current crisis so the pressure is not so great. If the Dow had a 2/3 days of 300 to 400 points we may have seen more urgency. AAA is gone, the agencies should put the US out of its misery with that one.
    The Whitehouse should have lowered spending over 12 months ago, taxes could have been marginally realigned at the time and the limit might still be good. Unfortunately Obama seem like a man who was going to do things before elected and now has little command or little idea of how to manage the job he is in.
    Good luck US, you are going to need it

18. disconected phone amd internet becuse i can'distinguish betwin eric and nova

19. We are doomed

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