Homersays

[Homersays]

But there is no way in hell the Dow Jones breaks above the top rail on the weekly channel....That's 11200...Now, if you think 300 points is strong, so be it.

I'll take it and so will all who were smart enough to be long prior to the Fed.

[DSteckler]

Oh, I need a sense of humor. I thought ... well nevermind. Okay, let me try to get a sense of humor then:

Thank you, ladies and gentlemen, thank you. It's good to be here at the Mr. Market lounge. I'd like to dedicate this next number to Homersays. It was a big hit for Travis Tritt. It's called "Here's a Quarter - Call Someone Who Cares."

What do you think, Homer? Is that humorous?

Good one, Rob! Best laugh I've had all week!!

[Rob]

"The empty vessel makes the greatest sound." William Shakespeare

“Suspicion always haunts the guilty mind.”—William Shakespeare

[Rob]

Good one, Rob! Best laugh I've had all week!!

heh heh Thanks, Dave. I didn't think it was half bad for being off the cuff and all. Regardless of who around here has a sense of humor, I think by now most of us have a sense of Homer. lol

[Homersays]

For the record: 1. Said June would be the lows for the market until
Sept - Oct.

2. Said last months CPI report would show core at .3 not .2

3. Said to cover shorts prior to the Fed meeting.

4. Posted yesterday that it was the beginning of a
pre-holiday rally of 300 dow points based on the fed's
action.

5. Posted the Fed would raise 1/2 and pause. The fed raised
1/4 instead but communicated it would pause in Aug.

6. Dow as of this writing up 265 points counting yesterday's
gain.


Not a bad record even if I am the only one who thinks so.

[IIC]

For the record: 1. Said June would be the lows for the market until
Sept - Oct.

2. Said last months CPI report would show core at .3 not .2

3. Said to cover shorts prior to the Fed meeting.

4. Posted yesterday that it was the beginning of a
pre-holiday rally of 300 dow points based on the fed's
action.

5. Posted the Fed would raise 1/2 and pause. The fed raised
1/4 instead but communicated it would pause in Aug.

6. Dow as of this writing up 265 points counting yesterday's
gain.


Not a bad record even if I am the only one who thinks so.

Here's your problem Homz...Well one of them anyway...The Fed's did not say what I bolded from your quote above...They indicated a possibility...But if some sucker were to listen to you they would think that the Feds actually said that.

Here's a quote from the statement:

"Readings on core inflation have been elevated in recent months. Ongoing productivity gains have held down the rise in unit labor costs, and inflation expectations remain contained. However, the high levels of resource utilization and of the prices of energy and other commodities have the potential to sustain inflation pressures.

Although the moderation in the growth of aggregate demand should help to limit inflation pressures over time, the Committee judges that some inflation risks remain. The extent and timing of any additional firming that may be needed to address these risks will depend on the evolution of the outlook for both inflation and economic growth, as implied by incoming information. In any event, the Committee will respond to changes in economic prospects as needed to support the attainment of its objectives."

What you should of said is that they hinted they they might...But they really can't say because it depends....

[Runner]

For the record: 1. Said June would be the lows for the market until
Sept - Oct.

2. Said last months CPI report would show core at .3 not .2

3. Said to cover shorts prior to the Fed meeting.

4. Posted yesterday that it was the beginning of a
pre-holiday rally of 300 dow points based on the fed's
action.

5. Posted the Fed would raise 1/2 and pause. The fed raised
1/4 instead but communicated it would pause in Aug.

6. Dow as of this writing up 265 points counting yesterday's
gain.


Not a bad record even if I am the only one who thinks so.

Homer, nice calls and you hit the nail on the head. Makes me wonder if many are jealous

[Lyehopper]

For the record: 1. Said June would be the lows for the market until
Sept - Oct.

2. Said last months CPI report would show core at .3 not .2

3. Said to cover shorts prior to the Fed meeting.

4. Posted yesterday that it was the beginning of a
pre-holiday rally of 300 dow points based on the fed's
action.

5. Posted the Fed would raise 1/2 and pause. The fed raised
1/4 instead but communicated it would pause in Aug.

6. Dow as of this writing up 265 points counting yesterday's
gain.


Not a bad record even if I am the only one who thinks so.

You are indeed very great and we're all impressed (except for those who aren't impressed and they are not included in the definition "all" in the aforementioned sense)....

Sooooooo Homer.... Will you be playing the POTW next week and further demonstrating your greatness? Or are you a "professional" who fears being locked up by the SEC if you participate in a weekly stock picking contest?

[Jim Smith]

Good call Homer

keep posting.

[jiesen]

Here's your problem Homz...Well one of them anyway...The Fed's did not say what I bolded from your quote above...They indicated a possibility...But if some sucker were to listen to you they would think that the Feds actually said that.

Here's a quote from the statement:

"Readings on core inflation have been elevated in recent months. Ongoing productivity gains have held down the rise in unit labor costs, and inflation expectations remain contained. However, the high levels of resource utilization and of the prices of energy and other commodities have the potential to sustain inflation pressures.

Although the moderation in the growth of aggregate demand should help to limit inflation pressures over time, the Committee judges that some inflation risks remain. The extent and timing of any additional firming that may be needed to address these risks will depend on the evolution of the outlook for both inflation and economic growth, as implied by incoming information. In any event, the Committee will respond to changes in economic prospects as needed to support the attainment of its objectives."

What you should of said is that they hinted they they might...But they really can't say because it depends....

Also, there's no mention anywhere in there about anything happening or not happening regarding rates in August.

[Lyehopper]

Homer, nice calls and you hit the nail on the head. Makes me wonder if many are jealous

Doug just PM'd me and said he's very jealous of Homer and he really hopes Homer does not play the POTW next week because (as this weeks current leader) Doug likes to be in front of everyone else and is very afraid of Homer's ability to potentially beat him in the contest next week....

[IIC]

Originally Posted by Homersays
For the record: 1. Said June would be the lows for the market until
Sept - Oct.

2. Said last months CPI report would show core at .3 not .2

3. Said to cover shorts prior to the Fed meeting.

4. Posted yesterday that it was the beginning of a
pre-holiday rally of 300 dow points based on the fed's
action.

5. Posted the Fed would raise 1/2 and pause. The fed raised
1/4 instead but communicated it would pause in Aug.

6. Dow as of this writing up 265 points counting yesterday's
gain.


Not a bad record even if I am the only one who thinks so.

Homer, nice calls and you hit the nail on the head. Makes me wonder if many are jealous

Well...on #1 we have to wait till October to find out...#2 OK..#3..OK...But IMO one of the reasons is that it was only .25...in conjunction with the hint...If it had been .50 I don't think we would have seen this rally...#4...Remains to be seen...#5...Wrong...#6...see #4.

[Homersays]

Here's your problem Homz...Well one of them anyway...The Fed's did not say what I bolded from your quote above...They indicated a possibility...But if some sucker were to listen to you they would think that the Feds actually said that.

Here's a quote from the statement:

"Readings on core inflation have been elevated in recent months. Ongoing productivity gains have held down the rise in unit labor costs, and inflation expectations remain contained. However, the high levels of resource utilization and of the prices of energy and other commodities have the potential to sustain inflation pressures.

Although the moderation in the growth of aggregate demand should help to limit inflation pressures over time, the Committee judges that some inflation risks remain. The extent and timing of any additional firming that may be needed to address these risks will depend on the evolution of the outlook for both inflation and economic growth, as implied by incoming information. In any event, the Committee will respond to changes in economic prospects as needed to support the attainment of its objectives."

What you should of said is that they hinted they they might...But they really can't say because it depends....

The Dow jumped 217 and the Nasdaq 62 based on the fed pausing in Aug.
Those who bought were not suckers -- they were mutual fund managers.

[IIC]

Doug just PM'd me and said he's very jealous of Homer and he really hopes Homer does not play the POTW next week because (as this weeks current leader) Doug likes to be in front of everyone else and is very afraid of Homer's ability to potentially beat him in the contest next week....

Yeah right Lye...In your worst nightmare...Doug(IIC)

PS: Runner...I can think of absolutely nothing to be jealous about.

[Rob]

Homer, nice calls and you hit the nail on the head. Makes me wonder if many are jealous

Hiya, Runner. In case you're wondering, I ain't jealous. Shoot, Homer's just a little late to the party if you ask me. I had already said the correction had about run its course by the time Homey was saying things like:

"A real turnaround is not expected until October." (6/8)
"Don't be fooled. . . . Stay liquid" (6/9)
"No reason to stick your neck out in this market. Like trying to catch a falling knife." (6/12)