DrStool Posted December 23, 2003 Report Share Posted December 23, 2003 Groundhog Day It's Deja Vu All Over Again Your Closing Anals Intraday are now posted. Take a subscribatory, open it and download it RIGHT NOW, along with everything else in your Anals! 15 Day Intro Subscribatory. Just $2.99! Get In RIGHT NOW! Link to comment Share on other sites More sharing options...
scottcardiff Posted December 23, 2003 Report Share Posted December 23, 2003 for what it's worth, this is week 55 from the dec, 2003 peak week. Link to comment Share on other sites More sharing options...
FeedFool Posted December 23, 2003 Report Share Posted December 23, 2003 Chart for those British viewers. Link to comment Share on other sites More sharing options...
DrStool Posted December 23, 2003 Author Report Share Posted December 23, 2003 qqq and spy dump a little at 4:15 close. Link to comment Share on other sites More sharing options...
soup Posted December 23, 2003 Report Share Posted December 23, 2003 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. Link to comment Share on other sites More sharing options...
soup Posted December 23, 2003 Report Share Posted December 23, 2003 Of course Why is academic, the freaking price is the price. Link to comment Share on other sites More sharing options...
Guest Posted December 23, 2003 Report Share Posted December 23, 2003 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. . . . In NYC they are know as Duane Greed. Link to comment Share on other sites More sharing options...
soup Posted December 23, 2003 Report Share Posted December 23, 2003 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. Link to comment Share on other sites More sharing options...
machinehead Posted December 23, 2003 Report Share Posted December 23, 2003 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." Link to comment Share on other sites More sharing options...
soup Posted December 23, 2003 Report Share Posted December 23, 2003 My bad, let me retract the part about the stupidity. It is I, who clearly is the stupid one, fo I have no debt. Link to comment Share on other sites More sharing options...
soup Posted December 23, 2003 Report Share Posted December 23, 2003 machine: re the mcmansions, do not foget about the tax burden, which given the gross mismangement of local govt, is going nowhere but up. Link to comment Share on other sites More sharing options...
wndysrf Posted December 23, 2003 Report Share Posted December 23, 2003 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? Link to comment Share on other sites More sharing options...
The End Posted December 23, 2003 Report Share Posted December 23, 2003 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. Link to comment Share on other sites More sharing options...
Calculus Posted December 23, 2003 Report Share Posted December 23, 2003 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 Link to comment Share on other sites More sharing options...
soup Posted December 23, 2003 Report Share Posted December 23, 2003 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. Link to comment Share on other sites More sharing options...
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