More Auto Erotica

[chibear]

Thanks, Doc, for the outstanding historical price/volume analysis in tonights Anals.

 

One question: if the buy and holders are really stubborn, couldn't we have a John Mauldin "muddle through" sideways market for a long time, something like the period from the 1974 low to the early 1980s, where longs just left little by little over time out necessity, boredom, whatever?

[Guest BEARDRECH]

If you think it's amazing the number of H2s

what about the 2003 Range Rovers -

sticker price around $71k.

 

Meantime commercial office vacancy rate in the Bay area

is 20% up from 3% over 3 years

 

And the 20% doesn't include all the space that

can't be put on the market yet.

 

Who needs a job or an office when we

have zero rate finance.

do you think these Rover-owning Princes of Imbecility would, after the crash,buy big red japanese apples from me at,say, for $96 dollars each--I hope so because its either that or mink Handpuppets with embedded chips that put their little furry hands out while wailing"Buddy can you spare a dime?"

:cry: :cry:

[getsoutalive]

ECONOMIC PULSE

Economy Is Tough All Over, but in New York, It's Horrid

By LESLIE EATON

 

Michael Amodeo is New York's most prominent auctioneer of failed restaurants and bankrupt businesses, and these days he is a very busy man.

 

Economic Article from the NY TIMES

rich,

 

Interesting article but, I wonder how much of the surrounding area's relative strength is due to a flight from the city and not they are more diverse and self reliant? Once the migration is over, we will see just how immune the 'burbs are. Most people I have ever worked with commute and if they are getting canned (and they are), the burbs will know about it.

[Goldmember]

Madame Wrecked Me:

 

Excellent point! As a fellow citizen and resident of the Great White North, aka Canuckistan [or Kanuckistan for the dyed in the wool capitalist LOL], though I reside in the balmy Lotusland portion in a beautiful coastal rain forest, thus dispelling the polar bear and igloo stigma, I recall a stastic reported somewhere recently that fully 38% of all homes and houses are fully paid for. No paper leaning against the house other than that rather ubiquitious little document that states:

 

CLEAR TITLE

 

 

That which worries me to no end is the clamoring of the foolish Big Five Banks to be freed from the constraints of their charter and proceed hell-bent on the Shittycorpse and Japalm path of apocalypse. The Big Banks have sat idly wrapped in their constraints of charter and have watched with envy as the derivative behemoths south of the border rolled in astounding paper profits growing exponentially year over year, and now seem to have placed enough very well paid yes-men lobbyists knawing at the ankles of the federal government to CONSIDER allowing mergers and emulation of the practises that they have envied longingly for so long now.

 

A breakdown of the statistics in home ownership, where the 38% are paid for homes, reveals an interesting divergenge in rural and urban statistics. Rural dwellers, on the whole, are much more frugal and prefer the comfort of paid off debt, especially so with their primary investment The Home.

 

Urban dwellers, on the other hand, display more of a tendancy towards the two excellent examples in Mark's fantastic opening tonight, the wannabe, image sensitive, pursuit of chic glam, and, what the heck, the minimum payment surely looks affordable type of sucker attitude that has infected society through the Maddison Avenue corporate cartel, in full cahoots with the media corpses and the production mill stones that promulgate this disgusting shell game.

 

IMAGE at all costs!

 

Get your strawberry colonic now folks,no money down, no payments for six months.

 

OAC

 

ah, nothing like the crisp fresh bouquet of strawberry farts......

 

brings up a Norman Rockwell image of the ice cream parlor.....

[Miss Moneypenny]

Mark,

 

Re: FNM & FRE

 

There's always a new twist on money with every mania, with the end result the same.

 

From Manias, Panics and Crashes...

 

"The Radcliffe Commission in Britain in 1959 claimed that in a developed economy there is an indefinitely wide range of financial institutions, and many highly liquid assets which are close substitutes for money, as good to hold, and only inferior when the actual moment for a payment arrives."

 

Not gonna be pretty when this payment day arrives.

 

Years from now, instead of Florida swampland, it'll be "And if you believe that, can I interest you in a nice Mortgage Backed?"

[Oilman]

Hello Everyone,

 

After reading everyone's comments for the last 2 months and learning, I had to join. Doc made me do it I learned never over leverage, my first time to short and doing well. Again thanks for this great site as I just paid my fee and joined.

 

Oilman

[Pee Brain]

Hello Everyone,

 

After reading everyone's comments for the last 2 months and learning, I had to join. Doc made me do it I learned never over leverage, my first time to short and doing well. Again thanks for this great site as I just paid my fee and joined.

 

Oilman

 

well, looks like TE's gone to bed, so:

 

oilman, welcome to the best darn site on the internet,

[Guest BEARDRECH]

Thanks Torah,

 

In a bull market buy the glams

In a bear market short the dogs - woof, woof!

 

It doesn't take rocket science to figure out how to make money in the market, really, it doesn't.

Piles

Tell me if i'm right--I could go to the Calpers(you know,the mega teachers pension fund) and go totheir portfolio;pass all of the earlier pages of relatively well performing shares until you get to the last 20 pages or so where Lo and Behold,a vast sub-aquatic sahara of sharedrech lies spread out before you--a menagerie of specimens of spineless fiscal algea that would make any bear a giant of the shorts--

Like pissing on ants in a barrle--or am i right?

Aimlessly yours beardrech

[Goldmember]

Just scanned some posts I missed earlier and I must say that tonight has been a truly stimulating experience.

 

Machinehead has once again outdone himself! I haven't laughed so hard in years, really! It is such a pleasure to be in the company of such illustrative genious at Stoolville. Who needs pictures, when words can form the most vivid image.

[Drekula]

for those who do not own Metastock, can somebody tell me whether it is otherwise possible to get a CMAP of NYSE volume (similar to today's anals)? like on www.stockcharts.com or something similar?

[Goldmember]

BEARdwreck! You are KILLING me.....

 

AHHH HA HAH HAH!

 

oh, I do love it so.......

[Guest BEARDRECH]

:

 

he middle-aged, recently layed off, guys in their business suits sitting around in the Doutour's cafe's at 10:30 am when they should be at work.

 

Their unenmployment statistics are as cooked as are Elaine "Mama-san" Chao's.

 

The tent cities of the homeless in the along the Yodoyobashi river in Osaka, the particularly hard hitentrepreneurial heart of Japan. The difference is that each tent and the area around it is immaculately maintained like it was the Emperor's castle.

 

The suicide rate's never been higher. Partly because unlike here Japanese insurance companies pay out in cases of suicide. It's a way to provide for your families future.

 

Dear sir as one of the loyal citizens of Greater Nippon i need one of the following alternatives :Either a living or a dying wage--Even though Im used to,and prefer, full time work the second choice is congenial to my current needs--but one thing further;honesty compels me to admit that i'm rather sensitive; so one nasty remark and im outahere--

On second thought i'd rather take the A Train

[wndysrf]

Welcome to Squeeze Central, Oilman!!

 

Be careful with the shorts, man...

 

We are all trading against our own government!!!

[dumpabuck]

Don't know if this has been posted or not:

 

http://biz.yahoo.com/djus/030219/1819001040_1.html

 

 

Upping the stakes against short sellers

Hmm, this may indicate that we've reached a certain point in this bear cycle. Thank god Bush has Saddam for a scapegoat (at least for a while). Hoover didn't (from Chernow's The House of Morgan, pp 351-52):

 

"The Morgan-Hoover feud over debt was mild compared with their debate over short selling on Wall Street. Moody and isolated, taciturn and stony-faced, Hoover now shared the average American's view of Wall Street as a gigantic casino rigged by professionals. He viewed the stock market as a report card on his performance, and it showed consistently failing grades. He came to believe in a Democratic conspiracy to drive down stocks by selling them short - that is, by selling borrowed shares in the hope of buying them back at a cheaper price."

 

"The 'bear raiders' first achieved notoriety in the 1930 suicide market. The master was Bernard E. 'Sell 'em Ben' Smith, a twenties pool speculator who was trounced by rising prices in 1929. That October, he suddenly came into his own and whooped it up on the day of the crash, shouting 'Sell 'em all! They're not worth anything." Such tales convinced Hoover of malevolent forces at work in the market. He began to compile lists of people in the bear cabal and even claimed to know they met every Sunday afternoon to plot the week's destruction! Hoover's obsession was fed by confidants. Senator Fredrick Walcott of Connecticut told Hoover the Bernard Baruch, John J. Raskob, and other Wall Street Democrats were planning bear raids to defeat his reelection."

 

"Hoover thought Stock Exchange officials should openly denounce the culprits. In January 1932, he called Stock Exchange president Richard Whitney to the White House for a verbal drubbing. He said short sellers were preventing an economic rebound and warned that, unless Whitney curbed them, he would ask Congress to investigate the Exchange and possibly impose Federal regulation. Whitney refused to admit any danger in short selling. Privately Morgan partners mocked Hoover's obsession as absurd and fantastic, but they couldn't dissuade him from his vendetta."

 

"Although fearing that public hearings would dredge up 'discouraging filth' and sabotage recovery efforts, in 1932 Hoover asked the Senate Banking and Currency Committee to start an inquiry into short selling..."

 

"In April, the first witness was Richard Whitney, who called Hoover's charges 'purely ridiculous'. Even as the hearing commenced, Hoover and Lamont [Morgan] were secretly trading barbed remarks about short selling. Hoover blamed the bears for everything - low public confidence, business stagnation, and falling prices. Lamont's reply was candid to the point of comic cruelty. Responding to Hoover's contention that 'real values' were being destroyed by bear raids, he asked, 'But what can be called 'real value' if a security has no earnings and pays no dividends?'. He blamed 99 percent of the market's decline on poor business."

 

I guess once Saddam's gone, Capitalstool is next on the scapegoat list.

[BAREister]

Thanks, Doc, for the outstanding historical price/volume analysis in tonights Anals.

 

One question: if the buy and holders are really stubborn, couldn't we have a John Mauldin "muddle through" sideways market for a long time, something like the period from the 1974 low to the early 1980s, where longs just left little by little over time out necessity, boredom, whatever?

Probably not. Why? Buy and holders don't set price. Price is set at the margin. If there is only the tiniest disparity it will, inexorably, induce pressure on price, over time, and, ass we ALL know, selling begets selling.

 

This is why the struggle FUR investor confidence is so critical.

 

having had the UPper hand FUR decades, Da Boyz have now let it slip their fell clutch.

 

Like the malevolent spirits in Pandora's box, confidence, once escaped, cannot, easily, be "rebottled". The increasingly desperate (albeit a FURm of 'quiet desperation') efFURts of the powers that bee to staunch the bleeding are suggestive if not conclusive of that immense challenge.

 

The BARE hASS said FUR years that their luck would not, could not endure. Luck rarely does FUR any person or NATION FUR that matter ass we are finding out, at present.

 

So HRFF disagrees w WyndySrf - we've had savage sector rotation the whole way down, and pressure mounts relentlessly. Who do YOU know who's game to plunge into stocks with the same enthused WRECKless abandon of the late 1990's today? How many cocktail parties have you attended of late where stocks have been the preFURred vehicle of choice? No, it's been real estate, or, now, more recently, perhaps, bonds.

 

All they can do now is slow down the decline. The little guy won't arrest it sans a major attitudinal sea-change, and extra pocket change, which he once had, ain't got, and won't git, in future, in sufficient quantity.

 

If he EVER did. We've relied on FUReign capital. We're living on the kindness of strangers and have been FUR ages. That's where Wyndy should be focusing most as a LYNCHpin to a steep plunge.

SNOT Joe Six-pack, so much. If Joe Sixpack is the woodpile, the furry FUReigners are the GASOLINE.