The Stock Market

[badge]

Badge,

I think you are basically correct. The broker works the order. If you looked at a brokers screen it would seem to be very much the same as yours although in Thailand it would also show the market maker that placed the order.

Things might have changed over the last 5 years so I maybe wrong. I just think you are looking for something that doesnt exist.

As mentioned, if I took a snapshot of a smaller, fledgling companys order book, it would also show the market maker. However on larger, more liquid companies, Im able to make a market in it, working my own array of orders.

I realise theres no software that show stops; it was suggested there might be, which is why I asked to be pointed in its direction

[midas]

of the stock market ( and its likely consequences)

Midas look at the futures right now Up 34 green, another day of gains coming up. Be careful of what the bears are saying now they want you to sell why? because they are buying. The good news is that the good news is now being played out in all the local rags worldwide.

I dont like cut n paste but this is a leading market rag.

http://www.thebull.com.au/articles_detail.php?id=5888

Consumer sentiment 'at two-year high'

Point being sentiment will win in the end. You cannot fight sentiment and who wants to read 10,000 confusing Analyst reports and who really cares when the general public dont care and dont understand, most investors work for a living and just want a better return than the banks. They just want to buy at the bottom , which is now long gone. The bottom was around november but we all know only fool trys to pick the top or bottom and waiting for a trend reverasals is a better bet than catching falling knives (for some) The trend has truly reversed yet still even when all the charts showed bullish buy signals even 4 months back most still sit and wait. For what? and how will they know when to buy if we drop back to November levels. Same thing would happen, most will sit there crying chicken little when and if the next "false breakout" starts again. Seems like a whole lot of hard work to me. My rant finished

And my point is in the good old days ..............they took account of company

profits i.e. how much MONEY the CUSTOMER had paid for an item or service

Today its all about consumer confidence figures, surveys, feel good measurements and other

meaningless tripe...............

They cant even give an honest figure for unemployment :-

" The unemployment rate figures which are published on a monthly basis are actually

derived from a monthly survey of 60,000 households in the United States known as

the Current Population Survey. The survey is conducted by the Census Bureau on

behalf of the Bureau of Labor Statistics."

The country that introduced the Internet cant ( or prefer not to ) even measure how many people are really

unemployed by using databases....duh !

The US consumer is not spending ( and cant get credit ) and

when the bottom line is released ( and I dont mean " cah for clunkers " )

they wont be able to keep up the lies any longer .like I said .........show me the money.

[zorro1]

Midas sorry but I cant reply to your posts anymore......Unless you admit I got the whole year right and you got the WHOLE year wrong And we can start again after you just say eg "zorro1 I got it wrong so far"

By the way here are the futures for tomorrow as of 2.oo pm

9,584.0046.009,530.009,585.009,530.00

Edited September 10, 2009 by zorro1

[midas]

Midas sorry but I cant reply to your posts anymore......Unless you admit I got the whole year right and you got the WHOLE year wrong And we can start again after you just say eg "zorro1 I got it wrong so far"

By the way here are the futures for tomorrow as of 2.oo pm

9,584.0046.009,530.009,585.009,530.00

I just say its not over until the fat lady sings and even if not you.....someone will get burnt

"the recent trend in dividends and earnings is amazing similar to the Great Depression trend as well! (At least if one compares operating earnings today with reported earnings back then, since operating earnings did not yet exist).

While anything could happen in future months, the current trajectory of dividends (down 11% from peak) is looking slightly steeper than the Great Depression decline. Since reported earnings have fallen so severely even relative to the Great Depression, and reported earnings are a closer representation of actual cash flow than operating earnings, the downward pressure on dividends seems like it should be much greater than during the Great Depression — unless reported earnings can stage a miraculous recovery. Is there a reason I'm not aware of why this conclusion is wrong? If correct, bonds may look increasingly attractive relative to stocks for income-seeking investors. "

[Naam]

Midas sorry but I cant reply to your posts anymore......Unless you admit I got the whole year right and you got the WHOLE year wrong And we can start again after you just say eg "zorro1 I got it wrong so far"

Midas has posted this year quite a number of valid points/facts Zorro1. that (in my view) the validity was and still is timewise rather limited is based on selectively judging negative facts but negating changing circumstances and the strong possibility of positive results.

personally i agree with him that based on fundamentals not only the U.S. but a lot of other stock markets are a bubble. my judgment might be flawed or even completely wrong. but that doesn't matter to me as invest in a different asset class which -most of the time- does not have the profit potential of stocks but is more "calculable".

i'm in full agreement with Midas' opinion "stocks = casino... putting your money on red or black" but analogue i say something similar which is "precious metals = risking your money based on opinions which were over decades most of the time wrong and expecting capital gains without income such as dividends or coupons." the latter does not apply to people who use e.g. gold partly as a hedge against currency devaluations and neither does it apply to prudent people who want to have access to a certain amount of physical gold if need arises.

[teletiger]

Careful Naam. You're in danger of undoing all that striving.

Gruss Gott.

Regards.

[zorro1]

Midas sorry but I cant reply to your posts anymore......Unless you admit I got the whole year right and you got the WHOLE year wrong And we can start again after you just say eg "zorro1 I got it wrong so far"

Midas has posted this year quite a number of valid points/facts Zorro1. that (in my view) the validity was and still is timewise rather limited is based on selectively judging negative facts but negating changing circumstances and the strong possibility of positive results.

personally i agree with him that based on fundamentals not only the U.S. but a lot of other stock markets are a bubble. my judgment might be flawed or even completely wrong. but that doesn't matter to me as invest in a different asset class which -most of the time- does not have the profit potential of stocks but is more "calculable".

i'm in full agreement with Midas' opinion "stocks = casino... putting your money on red or black" but analogue i say something similar which is "precious metals = risking your money based on opinions which were over decades most of the time wrong and expecting capital gains without income such as dividends or coupons." the latter does not apply to people who use e.g. gold partly as a hedge against currency devaluations and neither does it apply to prudent people who want to have access to a certain amount of physical gold if need arises.

"Midas has posted this year quite a number of valid points/facts Zorro1."

This was the only bit that didn't need decoding so i assume the rest was based around your agreement in agreement with Midas and you hold physical gold as a hedge against currency deflation stocks =casino? I would equate it better to stock = race horse. You get to chart the amount of wins , blood lines, preferred distance, avg days to a win after a spell, response to jockeys, from all this we can chart a proposed starting price and then....... wait for it.......they jump and IluvMidas is the first out and trying to cross to the fence but has a wide barrier and a long shot has him hedged out 5 wide around the first bend , IluvMidas is a champion and some how crosses over after the first lap and hits the lead. However He is fading down the straight and .....

THIS`is where we cancel our bet with 50 meters to go , we can see IluvMidas is not a winner so we agree to give the bookie $2000 and he hands back our $50000 bet (now $48K)

This is the gambling side of the markets, a stop loss or a quick sell out when your not on the winner. Markets do not = casino or have I missed something

.

[flying]

This is the gambling side of the markets, a stop loss or a quick sell out when your not on the winner. Markets do not = casino or have I missed something

.

Casino/ Horse Race Betting

Meun Gun

[Thaipwriter]

Interesting thread, not seen much written about the markets on Thai websites.

US markets just closed SPX at 1043.47, now there's likely a resistance area just above this at 1044.31 which dates back to an intraday high back on October 14th 2008.

I think the market will struggle to close above this level and I've been waiting to see if this area is going to be a pivot point for a move lower towards 875 for about three months now. If I'm wrong a move higher towards 1056.89 is on the cards...possibly

So, that's what I'm watching, tomorrow is all about consumer confidence numbers, if they are poor a move back to 1028 is quite possible.

[Naam]

"Midas has posted this year quite a number of valid points/facts Zorro1."

This was the only bit that didn't need decoding so i assume the rest was based around your agreement in agreement with Midas and you hold physical gold as a hedge against currency deflation

no i don't. if i did, i'd be either raving mad to store that amount of physical gold in my house or i'd be a poor man. i claim that i am neither

[zorro1]

Interesting thread, not seen much written about the markets on Thai websites.

US markets just closed SPX at 1043.47, now there's likely a resistance area just above this at 1044.31 which dates back to an intraday high back on October 14th 2008.

I think the market will struggle to close above this level and I've been waiting to see if this area is going to be a pivot point for a move lower towards 875 for about three months now. If I'm wrong a move higher towards 1056.89 is on the cards...possibly

So, that's what I'm watching, tomorrow is all about consumer confidence numbers, if they are poor a move back to 1028 is quite possible.

It will hold and be a pivot point just like every other resistance level has. If 9600 Holds tomorrow then 10,000 done deal and just maybe 11000 on the cards.

up 80 points again last night. I was hoping for a retrace just to catch my breath. Looks like another big day of gains as bears scramble to play catch ups

What fills me with joy is its the bears that will reluctantly end up pushing this market to new highs in the end

[zorro1]

"Midas has posted this year quite a number of valid points/facts Zorro1."

This was the only bit that didn't need decoding so i assume the rest was based around your agreement in agreement with Midas and you hold physical gold as a hedge against currency deflation

no i don't. if i did, i'd be either raving mad to store that amount of physical gold in my house or i'd be a poor man. i claim that i am neither

Its rumored that even the most robust of metal detectors (made in Germany of course) have blown up within a 5 k radius of your house Also you keep seventeen 40kg dobermans as "pets" only

[Naam]

"Midas has posted this year quite a number of valid points/facts Zorro1."

This was the only bit that didn't need decoding so i assume the rest was based around your agreement in agreement with Midas and you hold physical gold as a hedge against currency deflation

no i don't. if i did, i'd be either raving mad to store that amount of physical gold in my house or i'd be a poor man. i claim that i am neither

Its rumored that even the most robust of metal detectors (made in Germany of course) have blown up within a 5 k radius of your house Also you keep seventeen 40kg dobermans as "pets" only

both rumours are false. i only keep two (extremely dangerous) dogs. one weighs 6.3, the other one 4.1kg.

[midas]

Rats scuttling off a sinking ship....the sinking ship being the U.S. economy.

Most Recent Insider Selling/Buying Ratio Hits 95x

a ratio of nearly 100x sellers to buyers is pretty conclusive of who is selling to the robots,

as the bids are gunned ever higher, and all asset classes (of course, not the dollar) keep going higher.

http://www.finviz.com/insidertrading.ashx?tc=7

[zorro1]

Midas we can be half friends cause I took half profits off the table . The consumer report tonight has me a bit jittery

[midas]

Midas we can be half friends cause I took half profits off the table . The consumer report tonight has me a bit jittery

" took half profits off the table " thats good

and we need to be friends 100% if we are going to be in the rice selling business

Now if I was reading last night about an interesting technical formation called “ three peaks and a doomed house ”

which predicts there will be “ little if any trade ” on the SP500 above 1050 and that “ normally ” this is where short opportunities would be – BUT we are not in normal trading conditions are we so who knows

[zorro1]

Dont get excited Midas wasn't your constant bickering that did it Just want to lock in some profits and step away from trading for a week. Going to use a little profit an fly to an island next week. Any suggestions?

[midas]

Dont get excited Midas wasn't your constant bickering that did it Just want to lock in some profits and step away from trading for a week. Going to use a little profit an fly to an island next week. Any suggestions?

I would say Cuba but you dont have enough time to get the visa

so my second choice would be The Maldives ..........while they still exist........ very beautiful place

[zorro1]

Cuba top of my list! Nice fat Cohibra, Hawaiian shirt, rent a convertible Cadillac and I here the Natives are very beautiful

[flying]

Dont get excited Midas wasn't your constant bickering that did it Just want to lock in some profits and step away from trading for a week. Going to use a little profit an fly to an island next week. Any suggestions?

Might be a good idea to guard the other half too

Sept 15th we will see

As for Islands I hear Johnny Depp has a very nice one And at only 3.6 million seemed like a very good deal. I am surprised more rich dont do the same instead of wasting twice that on the same old same old mansions.

http://www.hellomagazine.com/travel/2004/07/07/johnnydepp/

Edited September 11, 2009 by flying

[zorro1]

Nice , the rich always seem to find good deals,

[midas]

About manipulation of the stockmarkets...................

at least the Japanese ( unlike Wall Street ) have the balls to openly say what they are doing, or

intend to do, in support of dodgy arrangements.

" Former Bank of Japan Deputy Governor Toshiro Muto said the government and the central bank may need to buy shares temporarily to support the country’s ailing stock market.

When global equities plunge, “it’s very meaningful for the government’s share-buying institution and the Bank of Japan to buy stocks to support the market,” Muto said at a forum in Tokyo. “However, such purchases cannot last forever and should be justified only as a tool to avert a crisis.”

The Nikkei 225 Stock Average is at a 26-year low, eroding banks’ capital and making them reluctant to lend. Finance Minister Kaoru Yosano said today that the government has a “strong will” to combat the credit squeeze resulting from the stock-market slump.

Muto, currently head of the Daiwa Institute of Research, added that "in principle" equity values should be set by the market and authorities should avoid manipulating prices because doing so would hurt the stock market’s reputation.

The government has already allocated 20 trillion yen ($203 billion) and the Bank of Japan has set aside 1 trillion yen to buy shares owned by banks. Yosano last month ordered lawmakers within the ruling Liberal Democratic Party to study ways to bolster stocks, including the feasibility of the government directly purchasing equities in the market."

Edited September 11, 2009 by midas

[Naam]

Dont get excited Midas wasn't your constant bickering that did it Just want to lock in some profits and step away from trading for a week. Going to use a little profit an fly to an island next week. Any suggestions?

I would say Cuba but you dont have enough time to get the visa

visa on arrival! travel agency will provide a small form to fill (similar to Thai Immigration). advice: don't take wife or girlfriend to Cuba

[Naam]

About manipulation of the stockmarkets...

which markets are NOT manipulated? personally i know only one and that's the fish market in Naklua (North Pattaya).

[Naam]

Cuba top of my list! Nice fat Cohibra, Hawaiian shirt, rent a convertible Cadillac and I here the Natives are very beautiful

only with driver. cost is a pittance. even recommended as driver will save you money on anything you purchase, eat, drink or have fun with. don't book hotel at airport! book two nights via internet and ask driver for private accomodation with full service (meals). forget public restaurants, you pay through your nose for sh*t. food in hotels booked with package tour ranges from acceptable to very good.

[Thaipwriter]

Anybody that went short US at the end of play yesterday is about to have their hair set on fire when the market opens in 30 minutes, Fed ex just announced they foresee improved results, they are a good indicator of improved world economic activity. Futures spiking, Dow 9570 SPX 1041.25.

[teletiger]

I love it.

Rise. Rise up my little ones

Soon the SP00 (GS) gunners will lower their sights and take your legs away. "Whats in the net Bubba?" "Pensions Pa.....lots a pensions".....Then is the time to buy S&W.

Regards.

[zorro1]

About manipulation of the stockmarkets...

which markets are NOT manipulated? personally i know only one and that's the fish market in Naklua (North Pattaya).

[zorro1]

Anybody that went short US at the end of play yesterday is about to have their hair set on fire when the market opens in 30 minutes, Fed ex just announced they foresee improved results, they are a good indicator of improved world economic activity. Futures spiking, Dow 9570 SPX 1041.25.

9600 has to hold. I'm half in half out a bit like a messy night at Nana Plaza

[flying]

Anybody that went short US at the end of play yesterday is about to have their hair set on fire when the market opens in 30 minutes

Or not