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Hiding Bear

B$ The Bell, Moonday, March 15

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:D Welcome to B$ the Bell :D

 

A new 'planet' is discovered. What does it portend for the cycle theories or the market?

 

Astronomers have detected what could be the Solar System's 10th planet.

Found further away than other planets by the recently launched Spitzer Space Telescope, it has been called Sedna after the Inuit goddess of the ocean.

 

http://news.bbc.co.uk/1/hi/sci/tech/3511678.stm

 

NASA Schedules News Briefing About Unusual Solar Object

http://www.nasa.gov/home/hqnews/2004/mar/H...lar_object.html

 

The Kuiper Belt

http://www.ifa.hawaii.edu/~jewitt/kb.html

 

PS - An excellent discussion of current economic events and themarket took place this weak-end on B4. check it out here if you missed it:

http://www.capitalstool.com/forums/index.p...00entry259747

post-20-1079327651_thumb.jpg

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Unemployment Down Slightly

03/15/2004 04:16:24

 

(Los Angeles, CA) -- Unemployment in California was down slightly in February. California's unemployment rate is 6.2 percent. That's a drop of 0.6 percent over last year at this time. The State Economic Development Department says roughly 243-thousand more Californias were employed this year compared to last. The Press-Telegram reports L.A. County's unemployment rate is 6.1 percent. Overall, the state reports 16.5 million people are employed while 1.1 million are jobless.<

 

 

Local News

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The weakness in Europe is of no concern to the earlybirds buying the spoos this

morning. Another stick save as the 3 am jam job is MIA.

 

Last 1115.75 up 4.75 points off the lows

same ole same ole

 

Saw technical analist J Weiss on with Liz Claymen this am Crapvision

Almost to funny for words as this raving bull was questioned by the hosts about what this little arrow meant and that trend line over there.

Mr Weiss went on to explain he thought the Transportation average was "mildy bullish" for reasons I happen to have missed. Of course he never mentioned we had a Dow theory sell signal when the Transports failed to take out thier high after the Feb 11 high on the dow of 10737 and went on to take out thier low of Feb 4.

Richard Russell where are you?

 

 

Is it just me or is the entire world fixated on TA these days :ph34r:

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BearHugs

 

from the Kate Welling "Acute Observations" reference that you posted last night --

 

?What would Indian techies give for just one day of America's rule of law; its dependable, regulated financial markets; its efficient, noncorrupt bureaucracy; and its best public schools and universities? They'd give a lot."

 

- Thomas Friedman, NY Times 7 March 2004

 

It's time to give Thomas Friedman his due, as America's greatest comedy writer since Mark Twain.

 

Link

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Long Term Outlook Updated

 

4 Year Cycle Topping Process Under Way

 

Your Anals are loaded. Take a subscribatory and download RIGHT NOW!

 

30 Day Intro Subscribatory. Just $16.99! Get In RIGHT NOW!

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Guest

9:03am 03/15/04

Nortel puts CFO on leave amid accounting probe (NT) By Jeffry Bartash

WASHINGTON (CBS.MW) -- Nortel Networks (NT) on Monday put its chief financial officer and controller on leave of absence in the wake of an accounting snafu that's likely to force the company to restate financial results for 2003. CFO Douglas Beatty and controller Michael Gollogly have been placed on paid leave of absence pending completion of an internal review first announced last October. Last week, Nortel delayed its annual 2003 filing as the probe expanded.

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Good Morning crew-window at the bell for 35 minutes-market will open down Lock n load helmets on, buckle up! ;)

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Guest
9:03am 03/15/04

Nortel puts CFO on leave amid accounting probe (NT) By Jeffry Bartash

WASHINGTON (CBS.MW) -- Nortel Networks (NT) on Monday put its chief financial officer and controller on leave of absence in the wake of an accounting snafu that's likely to force the company to restate financial results for 2003. CFO Douglas Beatty and controller Michael Gollogly have been placed on paid leave of absence pending completion of an internal review first announced last October. Last week, Nortel delayed its annual 2003 filing as the probe expanded.

I got short 3,000 shares of NT last week. There was already a story about accounting restatements on Thursday, and then it got ramped on Friday along with everything else...anyway. Anyone who was stupid enough to buy that bounce deserves what they get.

 

This ought to be a fun day.

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