soup Posted May 27, 2003 Report Share Posted May 27, 2003 I have not been this clueless since I can remember ( not that I will be right or wrong but I usually have a pretty strong opionion) leaning heavily towards the hyperinflation scenario but still have some nagging doubts? Link to comment Share on other sites More sharing options...
Injured Grizzly Posted May 27, 2003 Report Share Posted May 27, 2003 I have not been this clueless since I can remember ( not that I will be right or wrong but I usually have a pretty strong opionion) leaning heavily towards the hyperinflation scenario but still have some nagging doubts? That is exactly how I feel. How much do they pay greeters at Chinamart anyway? Link to comment Share on other sites More sharing options...
GregFokker Posted May 27, 2003 Report Share Posted May 27, 2003 gf: why do you think the fed is so acared of stocks falling? Even after this rally the economy continues to detoriate. Why debase the currency soley to prop the stock market? They have to be trying to debase the currency- it's their goal. Bernanke's printing press speech, quoted in the Sprott annual report, is clear. The man could not have been stupid enough to make the comments if he didn't want to trash the dollar. I believe that the rally is political. They must be expecting a terrorist attack, or in forseeance of an election. Who the f*ck knows. But the fact remains, it's a bullshit rally, and this is going to end very badly. Very irresponsible, imho. Link to comment Share on other sites More sharing options...
riff Posted May 27, 2003 Report Share Posted May 27, 2003 Link to comment Share on other sites More sharing options...
2 floaters and a sinker Posted May 27, 2003 Report Share Posted May 27, 2003 targets for this pullback 46.50 - already hit 44.50 - 45.00 72/3 -- 3 min pivot 42.50 3 min pivot 41 -- .38 retrace Link to comment Share on other sites More sharing options...
joe sixpack bundy Posted May 27, 2003 Report Share Posted May 27, 2003 They have to be trying to debase the currency- it's their goal. Bernanke's printing press speech, quoted in the Sprott annual report, is clear. The man could not have been stupid enough to make the comments if he didn't want to trash the dollar. I believe that the rally is political. They must be expecting a terrorist attack, or in forseeance of an election. Who the f*ck knows. But the fact remains, it's a bullshit rally, and this is going to end very badly. Very irresponsible, imho. soup........the stockmarket IS the economy..... g.f. you are right.....who knows.....it is a political rally......mastered by the control room......and since everyone is working with the same assumptions in their models......everybody is on the SAME SIDE of the equation..... ......remember 87.......first the usd went south,.....then bonds followed......and finally the stock market fell apart..... ......might well be that we have seen the highs in bonds last friday......time will tell......and the herd is approaching the cliff like lemmings.....patience is required...... Link to comment Share on other sites More sharing options...
soup Posted May 27, 2003 Report Share Posted May 27, 2003 GF: no doubt this will end in misery, but it is possible, given the debasement of the currency, to see higher stock prices driven by hyperinflation. Link to comment Share on other sites More sharing options...
GregFokker Posted May 27, 2003 Report Share Posted May 27, 2003 GF: no doubt this will end in misery, but it is possible, given the debasement of the currency, to see higher stock prices driven by hyperinflation. Indeedily doodily. So far, it's been mostly my misery Link to comment Share on other sites More sharing options...
Guest bullseatshitndie Posted May 27, 2003 Report Share Posted May 27, 2003 latest consolidation over. next thrust up begins now. Link to comment Share on other sites More sharing options...
HardAssets Posted May 27, 2003 Report Share Posted May 27, 2003 How about the Fed through the usual cabal suspects, sells short the dollar highly leveraged from close to the top and uses the proceeds to prop the stock market in addition to the usual money printing.... Link to comment Share on other sites More sharing options...
Hiding Bear Posted May 27, 2003 Report Share Posted May 27, 2003 GF: no doubt this will end in misery, but it is possible, given the debasement of the currency, to see higher stock prices driven by hyperinflation. I agree with soup and most of what else is said today about trashing the value, and also the exchange rate, of the US$. We have seen in other countries stock market rise - after a sharp fall in the local currency and interest rates peak. In the present case, foreign central banks - mainly Japan - are buying Treasuries and helping the US avoid the usual interest rate pains. This can't go on forever - due to the deflationary effect buying US$ has on other economies - ie Japan. Perhaps when the dollar rises a little, we will also see bonds fall and stocks fall. Link to comment Share on other sites More sharing options...
FeedFool Posted May 27, 2003 Report Share Posted May 27, 2003 2.5B in net added fed money but TYX is up 10.2 bps? It is CLEAR, evident, that the fed's money is behind today's rally. Offshore printing machine in play?? Link to comment Share on other sites More sharing options...
scottcardiff Posted May 27, 2003 Report Share Posted May 27, 2003 I'm still thinking this POS market will reach 980 area. I will start posting snippets from market commentators capitulating before 980. From Steven Smith on RealMoney.com "I'd go so far as to say we need a close above 967 (the old low from 9/11/01) to really put to rest that this is something more than a bear market rally. I think it is but time will tell" Link to comment Share on other sites More sharing options...
2 floaters and a sinker Posted May 27, 2003 Report Share Posted May 27, 2003 rising 72/3 now at 45.75 20 ema 43.75 maybe we get there... maybe not Link to comment Share on other sites More sharing options...
strikerm3 Posted May 27, 2003 Report Share Posted May 27, 2003 xtnd and plug are two others to watch dont forget FCEL and CPST Link to comment Share on other sites More sharing options...
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