http://mytradersjournal.com/stock-options/2009/05/10/sp-500-chart-review-may-8-2009/ Investing in Stocks Through Options Fri, 27 Jan 2012 21:33:26 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://mytradersjournal.com/stock-options/2009/05/10/sp-500-chart-review-may-8-2009/#comment-5959 Alex Fotopoulos Tue, 12 May 2009 10:48:14 +0000 http://mytradersjournal.com/stock-options/?p=2467#comment-5959 Consumer credit needs to loosen up more still. From a personal level, we were able to refinance our house, but it took a lot more paperwork for a smaller loan than we had before. I've heard friends who couldn't refi because their homes lost value. Eventually that's going to have to weigh in to the ongoing reduce spending by consumers. Commercial real estate is another animal. If that deterioration picks up speed it could help in stopping the rally sooner rather than later, but then again you know I think we're due for a break now anyway. So, that could be an excuse, among others, to pull us back some more. Consumer credit needs to loosen up more still. From a personal level, we were able to refinance our house, but it took a lot more paperwork for a smaller loan than we had before. I’ve heard friends who couldn’t refi because their homes lost value. Eventually that’s going to have to weigh in to the ongoing reduce spending by consumers.
Commercial real estate is another animal. If that deterioration picks up speed it could help in stopping the rally sooner rather than later, but then again you know I think we’re due for a break now anyway. So, that could be an excuse, among others, to pull us back some more.

]]> http://mytradersjournal.com/stock-options/2009/05/10/sp-500-chart-review-may-8-2009/#comment-5958 Joe Tue, 12 May 2009 08:35:13 +0000 http://mytradersjournal.com/stock-options/?p=2467#comment-5958 How do you guys think that the consumer credit and commercial real estate issues on the horizon are going to effect this rally?? How do you guys think that the consumer credit and commercial real estate issues on the horizon are going to effect this rally??

]]> http://mytradersjournal.com/stock-options/2009/05/10/sp-500-chart-review-may-8-2009/#comment-5953 Alex Fotopoulos Mon, 11 May 2009 13:29:13 +0000 http://mytradersjournal.com/stock-options/?p=2467#comment-5953 I'd argue that uncertainty for the banks still is hanging out there. While the rate of unemployment claims has slowed, it's still way down and borrowers are still defaulting on loans. Banks will be diluting shares and although a lot of that is accounted for in share prices, the reality of it could still cause some profit taking soon. Also, the rate of growth for banks will be slow either way and they might be getting ahead of themselves already. I’d argue that uncertainty for the banks still is hanging out there. While the rate of unemployment claims has slowed, it’s still way down and borrowers are still defaulting on loans. Banks will be diluting shares and although a lot of that is accounted for in share prices, the reality of it could still cause some profit taking soon. Also, the rate of growth for banks will be slow either way and they might be getting ahead of themselves already.

]]> http://mytradersjournal.com/stock-options/2009/05/10/sp-500-chart-review-may-8-2009/#comment-5950 Stock Trades Sun, 10 May 2009 15:59:33 +0000 http://mytradersjournal.com/stock-options/?p=2467#comment-5950 The markets seem a little overbought but at the same time having the Stress Test behind us, the uncertainty for the banks is gone which is a very positive stimulus. The markets seem a little overbought but at the same time having the Stress Test behind us, the uncertainty for the banks is gone which is a very positive stimulus.

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