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DrStool

Groundhog Day

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qqq and spy dump a little at 4:15 close.

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Doc: We just do not ( well at least I do not know) know what the hell the fed is doing off balance sheet. If the m's were really contracting the most overvalued asset class ( stocks) would feel the pain. Not too mention the drop off in the velocity.

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DRD just took off..

 

(REUTERS)? ? J.P. MORGAN SAYS DOWNGRADES DUANE READE <DRD.N> TO NEUTRAL FROM OVERWEIGHT

REUTERS

 

This markets degree of specualtion and complacency has reached levels that have supeceded even some of the peak runs during the onset of the mania . Even during the ramp of 1999 they threw in a few scare days.

 

This is non stop no fear epic complacency.

 

Ag

Talk about a piece of crap pharmacy taking over a city (NYC) and holding it hostage to the stone stupidest cashiers in North America. . . . :angry:

In NYC they are know as Duane Greed.

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it is just so gd frustrating to see the fed backstop all the stupidity. Too much debt, hey no problem we will backstop you at the expense of the prudent. Too long stocks, no problem, we can fix that as well. It is an outrage, all this moral hazard. Screw the savers, even though with out savings and investment no economic growth can be sustained. Everything is fricking micromanaged using time frames that run 5 minutes to 1 day. Truly pathetic.

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VXN and QQV (implied volatilities of the NDX and QQQ) hit record lows today.

 

The Naz still hasn't exceeded its Dec. 3rd intraday high just above 2000. The last two months of Naz action look a little like a head and shoulders forming.

 

The dollar, and energy prices denominated in dollars, are still the Achilles heel of this overbought market.

 

The weight, size, power and engine displacement of vehicles are growing each year. Dodge plans a new V10 Ram pick-up. 2005 Jeep Grand Cherokees will offer a 5.7-liter hemi engine. The old 4.7-liter V8 just doesn't cut it anymore. And so forth. It's like 1968-1972 all over again -- the horsepower race -- the land yacht syndrome. Gasoline prices -- what, me worry?

 

It all spells hubris, and hubris precedes a fall. Oil Shock III will happen, I think, because we're asking for it, and that's the way the market can hurt the most people. It also will make some 6,000 and 8,000 sq ft mini-mansions uninhabitable because owners will no longer be able to afford the utility bills.

 

Hey -- it's not all bad, though. Some enterprising candidate can run as "The Energy President." :lol:

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My bad, let me retract the part about the stupidity. It is I, who clearly is the stupid one, fo I have no debt.

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machine: re the mcmansions, do not foget about the tax burden, which given the gross mismangement of local govt, is going nowhere but up.

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it is just so gd frustrating to see the fed backstop all the stupidity. Too much debt, hey no problem we will backstop you at the expense of the prudent. Too long stocks, no problem, we can fix that as well. It is an outrage, all this moral hazard. Screw the savers, even though with out savings and investment no economic growth can be sustained. Everything is fricking micromanaged using time frames that run 5 minutes to 1 day. Truly pathetic.

My vote is for Soup to take over M2M while I'm out.

 

Can't stop laughing at his posts.......

 

He pretty much summarizes the outright insanity. The perpetual +1200 TICKs. The Fed Off Balance Sheet Asset Explosion. Wild gap ups like RIMM. Never a down day or retracement.

 

Current Reliquifaction exceeds the Y2K Reliquifaction by at least 25x.

 

Who knows how high this pig can go.

 

Nasdaq went to 5000. Who says it can't go 25x higher?

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for what it's worth, this is week 55 from the dec, 2003 peak week.

It also closed right below my cover at 1097. :)

 

We shall see what happens tomorrow and friday.

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Dodge plans a new V10 Ram pick-up. 2005 Jeep Grand Cherokees will offer a 5.7-liter hemi engine. The old 4.7-liter V8 just doesn't cut it anymore.

Only in America

 

:lol: :lol: :lol:

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any word from MU? Always a hoot to see how much cash they lost. I think this is 9-10 quarters running were the company has hemoraged cash.

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