soup Posted June 30, 2003 Report Share Posted June 30, 2003 It really is a sad , sad tale. A group of self serving morons, desperately throwing hail mary's in order to save their own skin. WHy can't we have the neccesary liquidation ? Why are they wasting all these resources in a battle that they can not possibly win? Link to comment Share on other sites More sharing options...
roidrage Posted June 30, 2003 Report Share Posted June 30, 2003 You've said a mouthful there but I'm not sure I understand your point. I have rectified Arnold's recent commentaries by saying that due to his business interests (radio advertising and mortgage lending) he MUST maintain a longterm bullish viewpoint, no matter what he really thinks (which I have no idea what his true longterm viewpoint really is). Therefore Roger is really not IMO anything approaching an independent voice, in spite of how refreshing he intially seems. I will keep listening to him, however, as it is a good "workout" for keeping my own views in shape. understood. good point. Link to comment Share on other sites More sharing options...
rott Posted June 30, 2003 Report Share Posted June 30, 2003 The trading range worked in Japan because they were the number 2 economy and benifited from the recovery of the US economy in 93... when the number 1 economy cratered in 2000 the number 2 followed... credit has allowed us to borrow time to live nothing more... Either the number 1 economy recovers it's ability to exponentally inflate debt or it doesn't... All the signs are pointing to "doesn't" which will make a multi year trading range impossible to maintain...7-11 months left in the game maximum... Japan also had and still has a trading surplus while we are seriously in the red. Japanese have had and have high savings rates to hold them over, we spend all we can. IMO the USA is closer to an Argentina event then the Japanese model. All that is holding us up is the housing/refi craze. That it not going to last another year. Witness the PMI announcement last week. Buddies in the mortage area have told me insurance for those putting down less then 20% has been rising all year. There is trouble in the high end of the market in many areas. I'm with Hyper..12 months max. Link to comment Share on other sites More sharing options...
soup Posted June 30, 2003 Report Share Posted June 30, 2003 GF: Translation: Stocks are higher as fido aggressively bids well above the offer in a desperate attempt to mark up existing postions. Link to comment Share on other sites More sharing options...
mjkst27 Posted June 30, 2003 Report Share Posted June 30, 2003 The trading range worked in Japan because they were the number 2 economy and benifited from the recovery of the US economy in 93... when the number 1 economy cratered in 2000 the number 2 followed... credit has allowed us to borrow time to live nothing more... Either the number 1 economy recovers it's ability to exponentally inflate debt or it doesn't... All the signs are pointing to "doesn't" which will make a multi year trading range impossible to maintain...7-11 months left in the game maximum... ...and honestly I no longer see why that scenario is inconsistent with Dow 10K. They'll just keep jamming the markets with funny money to keep up appearances even as the wheels fall off the economy. The only story I believe in is that the dollar is toilet paper. Link to comment Share on other sites More sharing options...
Goldmember Posted June 30, 2003 Report Share Posted June 30, 2003 Distribution....sing it people.... Link to comment Share on other sites More sharing options...
PileDriver Posted June 30, 2003 Report Share Posted June 30, 2003 It really is a sad , sad tale. A group of self serving morons, desperately throwing hail mary's in order to save their own skin. WHy can't we have the neccesary liquidation ? Why are they wasting all these resources in a battle that they can not possibly win? OPM As long as dopey investors keep plowing money into 401K plans and IRA's there will be plenty-o funny money to play with. One day they'll wake up and game over. Link to comment Share on other sites More sharing options...
Goldmember Posted June 30, 2003 Report Share Posted June 30, 2003 Bunch of more nickels taken off the table.....great day! Link to comment Share on other sites More sharing options...
gruff Posted June 30, 2003 Report Share Posted June 30, 2003 Looks like it's time. I'm short NQ 11.50 Link to comment Share on other sites More sharing options...
soup Posted June 30, 2003 Report Share Posted June 30, 2003 Boo Link to comment Share on other sites More sharing options...
FeedFool Posted June 30, 2003 Report Share Posted June 30, 2003 Let see if they can retest today?s high? I don?t think it will make it. Link to comment Share on other sites More sharing options...
Guest Posted June 30, 2003 Report Share Posted June 30, 2003 Looks like it's time.I'm short NQ 11.50 Just back from my evening meal - very nice it was too!! Gruff - couldn't have said it better myself. If I was not short already, I would be doing so now. Whatever this rally was - couldn't get to HOD, downtrend intact. Should be confirmed in next 30 mins.... Just imagine if you went long when the spoos hit 1015 - you'd be sh1tting bricks now!!! Mark Link to comment Share on other sites More sharing options...
Dharmaeye Posted June 30, 2003 Report Share Posted June 30, 2003 Sure looks like a hammer building to break the support. Keeps trying with bigger and bigger swings. Link to comment Share on other sites More sharing options...
Slothrop Posted June 30, 2003 Report Share Posted June 30, 2003 Sad to see Horizon Organic Dairy being taken over by Dean Foods. I will miss seeing that Horizon symbol: HCOW. Link to comment Share on other sites More sharing options...
FeedFool Posted June 30, 2003 Report Share Posted June 30, 2003 Fake run up Don?t forget to cover your shorts at lower then Fridays low around 8950. Link to comment Share on other sites More sharing options...
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