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IBDvalueinvestin (99.66)

Factory numbers just broke my buyside conviction

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September 02, 2009 – Comments (10)

and now I am worried about what the big wigs will do on Tuesday.

So I am going to sell everything and watch from the sidelines.

Its much safer and calmer on the sidelines.

10 Comments – Post Your Own

#1) On September 02, 2009 at 10:14 AM, IBDvalueinvestin (99.66) wrote:

July Factory Orders +1.3% vs +2.2% consensus

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#2) On September 02, 2009 at 10:23 AM, IBDvalueinvestin (99.66) wrote:

Another thing that is worrying are reports that clients are asking to cash out billions from one fund which I decline to mention by name but was in the news reports as of the last 2 weeks.

If this fund starts selling to give back the money then?? Stocks will take a hit by causing a domino effect. When one sells so does another. 

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#3) On September 02, 2009 at 10:28 AM, brickcityman (< 20) wrote:

Surely you COH holdings can keep you afloat

 

;-)

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#4) On September 02, 2009 at 10:37 AM, IBDvalueinvestin (99.66) wrote:

COH holding up good considering the data that came out on ADP and Factory numbers. But  I don't like uncertainty so I am staying on the sidelines until the smoke clears and I can see further in the future. Besides I don't have enough funds to compete against the big wigs. So if they want to make stocks cheaper then I will let them.

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#5) On September 02, 2009 at 10:41 AM, IBDvalueinvestin (99.66) wrote:

Brickcityman , what I fear is the ADP numbers which don't give me any confidence in Friday's Job numbers:

 

Sep 04 08:30 Average Workweek Aug
33.1 33.1 33.1
Sep 04 08:30 Hourly Earnings Aug
0.0% 0.1% 0.2%
Sep 04 08:30 Nonfarm Payrolls Aug
-265K -225K -247K
Sep 04 08:30 Unemployment Rate Aug
9.5% 9.5% 9.4% Report this comment
#6) On September 02, 2009 at 10:44 AM, mode7 (75.81) wrote:

Welcome to the sidelines! Great view of the game from here, and no risk of injury!

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#7) On September 02, 2009 at 10:49 AM, IBDvalueinvestin (99.66) wrote:

Watching from the sidelines the action down is:

iShares REITS/real estate- ICF -1%, IYR -1.5%, SPDRS homebuilders- XHB -1.5%, Oil HLDRS- OIH -1%, Base metals- DBB -1%, Reg banks- KRE -1%, Steel- SLX -1%, SPDRS utilities- XLU -1%, Insurers- KIE -.5%, Finance- XLF -.5%

 

Bear ETF on real estate going up SRS

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#8) On September 02, 2009 at 10:58 AM, jason2713 (< 20) wrote:

SRS will continue to go up.

We are on the brink of a melt down if people actually start waking up about the banking system.  I think out of everything, that's the true and total out rage out of everything. We GIVE them bailout money, GIVE them basically interest free loans so they can charge 5x more interest, they RAISE interest rates on credit cards and move them to adjustable rates to get around new credit card protection laws, and they charge absorbant fees on top.  Meanwhile, they are making tons of money and giving it to their employees as HUGE bonuses.

Doesn't somethign seem backwards here??  Shouldn't the TAX PAYERS be getting these friggin bonus checks????  Besides, they wouldn't be getting a dime of income had it not been for our bail out money and 2 trillion dollar deficit that our kids and grandkids have to pay for??

Something in this country is very wrong.  I see why my dad moved all his money (millions worth) to canada, bought 2 homes there, and lives there 1/2 the year.  The USA is a cesspool of corruption.  Vote in 2010!  Get these morons out of office.

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#9) On September 02, 2009 at 10:58 AM, IBDvalueinvestin (99.66) wrote:

Markets were up yesterday at this time too and then all hell broke loose.

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#10) On September 02, 2009 at 11:55 AM, nottheSEC (80.04) wrote:

Agreed. Do not know how the game will turn out but its too strange for me.Do know correction is the 800 pound gorrilla in the room and he looks tempermental.he may or may not strike but don't wanna find out.

Even Rebalanced my 457( government 401k) to 51% cash. Wish their was a silver/gold option. 

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