Wednesday, March 18, 2009

Wowsa...

Now the banks/financials are en fuego. I think we have to have a positive bias til mark-to-market is finalized. Any dips is probably going to be bought, a lot of investors have now been caught flat footed.

Watch the lagging sectors to play catch up; steel, energy, etc.

I will try to post, but I'm basically taking some time off to heal, I haven't given myself time to do that and you guys are fine without me spewing anyway, hehe!

Absence makes the heart grow fonder, but I will definately post as much as I can, if not every day.

Thanks for all the well wishes, appreciate it, I'll live, I think, just gotta get some real rest.

Peace out,

OH< and watch this tomorrow morning, I am on FOX Business TV tomorrow afternoon, roughly 2 pm. Stay tuned and check me out and let me know how I do!

Waxie

4 comments:

Mike said...

Hi Waxie:

I just read the news that the fed is going to spend $300 billion to buy long-term bonds. It seems to have direct and positive impact on the stock market as bond yield goes down. The US dollar depreciates as a a result of fed's decision as well.

It would great if to share your thought on the fed's move to buy long-term bonds. Theoretically, we should have a wave B down before the market tries to move higher. Will the actions taken by the fed break the current elliot wave count depicted by the elliot wave theory?

Have a nice day!

amdman said...

Yea slacker! Feel better and Blog more ;)

Love your posts dude.

In Debt We Trust said...

Waxie, the more things change the more they stay the same:

"Prior to joining the Bank in 2007, Mr. Dudley was a partner and managing director at Goldman, Sachs & Company and was the firm’s chief U.S. economist for a decade. Earlier in his career at Goldman Sachs, he had a variety of roles including a period when he was responsible for the firm’s foreign exchange forecasts. Prior to joining Goldman Sachs in 1986, he was a vice president at the former Morgan Guaranty Trust Company. Mr. Dudley was an economist at the Federal Reserve Board from 1981 to 1983."

http://www.newyorkfed.org/
aboutthefed/orgchart/dudley.html

FACTOR R said...

hi waxie

how are you felling men ?

hope well !!

hey i would love hear from you about the FED decision this week to throw more and more money in the market well house ,banks,etc etc etc is this gonna work well we are close to fell again IMO but what about the banks CEOs went out and sad yes we are making money and that's it banks are good ?? came on waxie get better ....we need you ....lol