The End Posted January 7, 2004 Report Share Posted January 7, 2004 I am getting very leary of gold here. I might be wrong Not for the loooong term mind you just IT. Link to comment Share on other sites More sharing options...
Guest Posted January 7, 2004 Report Share Posted January 7, 2004 From the Mortgage Bankers Association -- "WASHINGTON, D.C. (January 7, 2003)?The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 2. The Market Composite Index of mortgage loan applications?a measure of mortgage loan applications for purchases and refinancings-increased by 4.5 percent to 599.9 on a seasonally adjusted basis from 574.1 one week earlier. On an unadjusted basis, the Index increased by 23.5 percent compared with last week and was down 53.2 percent compared with the same week one year earlier." Mortgage Applications Up During Holiday Shortened Week Link to comment Share on other sites More sharing options...
Lock Limit Down Posted January 7, 2004 Report Share Posted January 7, 2004 Soup- Tell us in more detail what you witnessed. I have always felt that the Fed did this from time to time in conjunction with big Feed adds, and have written fictionally about what I imagined went on. I just don't think they did it this week, or lately. I continue to see short sellers as the primary drivers behind the rally. In the S&P today, 56% of all sell orders on the NYSE were short sales. That compares with a 30 day average of 51%. This is stok that has to be bought back. This is the main problem, in my opinion, not the Fed's meddling. The Fed can ignite a mania, and provide the fuel, but the institutional herd keeps it going. They have no incentive to sell, when they can simply squeeze. I agree the shorts are their own worst enemies but what about the hundreds of 3:00am ramps over the last year. It is not short covering. This is coordinated jamming. A case could be made for the ramps at their three favorite times of the day 1430 1500 1530 as possible short covering. But what starts these ramps out of nowhere that turn into a short squeeze. I suspect the manic futures buying that turns up right on schedule on so many occasions is not the free market at work. Link to comment Share on other sites More sharing options...
DrStool Posted January 7, 2004 Report Share Posted January 7, 2004 Your Anals Fishmarket Wrap is loaded. Take a subscribatory and download RIGHT NOW! 15 Day Intro Subscribatory. Just $2.99! Get In RIGHT NOW! Link to comment Share on other sites More sharing options...
Hairy_Dent Posted January 7, 2004 Report Share Posted January 7, 2004 Happy New Year, Buddha........and congratulations on your pinpoint SM targets that were hit at 2003 year's end: DOW 10000, COMP 2000. Scottcardiff also predicted the meltup with great accuracy. Link to comment Share on other sites More sharing options...
FeedFool Posted January 7, 2004 Report Share Posted January 7, 2004 Happy New Year, Buddha........and congratulations on your pinpoint SM targets that were hit at 2003 year's end: DOW 10000, COMP 2000. Scottcardiff also predicted the meltup with great accuracy. 12k and 3k for 2005????????? Butt paper down to 40????????? Link to comment Share on other sites More sharing options...
tpark Posted January 7, 2004 Report Share Posted January 7, 2004 I am getting very leary of gold here. I might be wrong Not for the loooong term mind you just IT. Well, we certainly live in interesting times. I wonder if demand for the physical metal and tankage of the USD has kept prices up, even though technical factors had suggested a pullback. Perhaps for some people it doesn't matter what the price is, they ain't selling because they'd have to break out the shovel to get at the gold I don't see a very bright future for the US dollar. I'm sure that the recent drop in the relative value of the doolar has focused attention on the visible activities of the Fed. Soup: I know it's annoying to see the markets rise when its clear that there are underlying problems everywhere, but it's a true mania, it could just as easily be speculation in tulip bulbs. At least the delay in the day of reckoning has given people aware of the problems that will occur some time to plan for the future as best as they can. Unfortunately it's also given less aware people a chance to get a HELOC and go buy that SUV and the big plasma TV on credit. Link to comment Share on other sites More sharing options...
Lock Limit Down Posted January 7, 2004 Report Share Posted January 7, 2004 Mr. Hanky Sorry to hear about your sad times. Sure sounds like you have a case for suing on the grounds of wrongful dismissal. Link to comment Share on other sites More sharing options...
soup Posted January 7, 2004 Report Share Posted January 7, 2004 Scott: truer words never spoken. Just take on a boat load of debt and life is nirvana.// Wndy: right or wrong, I know what these bastards are doing and I think they will screw up big time, I plan to be on the other side of their trade on said day./// Inflation, hell yes, just went to the cleaners, yeah no inflation. I guess the ole fartbag greespepew never always were dirty and wrinkled clothes? Link to comment Share on other sites More sharing options...
soup Posted January 7, 2004 Report Share Posted January 7, 2004 Doc: You know more shit then I will ever know, but this is coordinated by the fed. I guess it is all off balance sheet, but they are playing the hand of a desperate statist. It will work until it does not, then multiple limit down days. Very , very few will be able to baord the southbound train. I plan on keeping my seat until they fricking drag me out of here on a strechter or straight jacket! Link to comment Share on other sites More sharing options...
lineup32 Posted January 7, 2004 Report Share Posted January 7, 2004 The fundamental case is made here: http://www.hoisingtonmgt.com/HIM2003Q3NP.pdf Thanks, interesting read.. Link to comment Share on other sites More sharing options...
MrHanky Posted January 7, 2004 Report Share Posted January 7, 2004 Mr. HankySorry to hear about your sad times. Sure sounds like you have a case for suing on the grounds of wrongful dismissal. the casino control commision answers to nobody and makes it's own rules.reading their rules it even states you can be turned down for a job because you have bad credit!if they deem that you are of bad character for ANY reason they could ban you with no legal recourse. the only thing that helps is filing constant appeals so they cut you a deal.that may take a year and tons of cash. I retained one of the top criminal attourneys in the country(in america's top 10 criminal attourney's list 13 years running)it still may not help. I'm gonna fight to the last penny,I guarantee you that working in the nj casino industry is worse than living under saddam's rule Link to comment Share on other sites More sharing options...
No Einstein Posted January 7, 2004 Report Share Posted January 7, 2004 Soup wants justice. justice only happens in the movies. and that IS the truth Link to comment Share on other sites More sharing options...
brian4 Posted January 7, 2004 Report Share Posted January 7, 2004 I agree with TE on Gold-I have tight stops on for the first time in many a moon (put them on a month ago) and adjust them daily. The $ should soon bounce when it does Gold will correct. As to all the shorts piling in PUHLEEEEEZE-yesterdays p/c ratio was .57 and the $'s spent on calls for the Spoo's and Oex far outweighed the put buyers. The fear indicies-vix, vxo, vixn and qqv all collapsed to new lows today. Everyone is loading on the long side can't be long till the boat turns over-Trade Safe! Link to comment Share on other sites More sharing options...
Charliss Posted January 7, 2004 Report Share Posted January 7, 2004 you think you got it bad?check out my story this week... I have just been told I cannot work in any casino in nj for 4 years(I am a stage technician working in 6 casino's).why you ask?.....I got caught a few years ago with 7 grams of pot(40bucks worth).fortunately the charges have been dropped and i have no criminal record at all.the casino control commision(god)says they don't care if the charges were dropped.just the fact that I was charged is enough to ban me for life if they so choose. Hows that for justice!I am now guilty after being proven innocent.just being accused of a crime means I'm automatically guilty.now I have no job,a new house being completed in 3 weeks and a new car( not to mention my dog dropped dead a few weeks ago) and this was one of my better weeks lately Mr Hanky, I am so sorry to hear about your dog. Link to comment Share on other sites More sharing options...
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