Drano Posted May 17, 2004 Report Share Posted May 17, 2004 COF *cof cof* still looking sick, near LOD. Link to comment Share on other sites More sharing options...
brian4 Posted May 17, 2004 Report Share Posted May 17, 2004 Lunch the Anvil Scotty- Aye Capt. Anvil away -Blast Shield up! Link to comment Share on other sites More sharing options...
Lock Limit Down Posted May 17, 2004 Report Share Posted May 17, 2004 Sarin gas news ignites rally This is no coincidence Link to comment Share on other sites More sharing options...
Guest Posted May 17, 2004 Report Share Posted May 17, 2004 Look out for the Osama rumour next as tis 1 is failing already Link to comment Share on other sites More sharing options...
The brown one Posted May 17, 2004 Report Share Posted May 17, 2004 Sarin gas news ignites rallyThis is no coincidence Mission accomplished it would appear--now to the twicky ploblem of the stock market! Link to comment Share on other sites More sharing options...
Bearbones Posted May 17, 2004 Report Share Posted May 17, 2004 Swap spreads continue to widen possibly due to potential balance sheet problems from a flattening curve. Too much money crammed into the short end. Case in point New York Bancorp (NYB), a savings bank, is for sale. Apparently they lost $131 million on some leveraged trades. So far, no takers. The stock is down from $35 to $22 in two weeks. Lots more of this out there I suspect. http://biz.yahoo.com/rf/040517/financial_n...ity_sale_1.html More on swaps here: http://www.sandspring.com/charts2004/cdj051604.html Link to comment Share on other sites More sharing options...
maximummark Posted May 17, 2004 Report Share Posted May 17, 2004 Only in America...soldiers in chemical suits calling their borkers to buy the "good news"... Link to comment Share on other sites More sharing options...
Darkdoc Posted May 17, 2004 Report Share Posted May 17, 2004 Don't forget this is OPEX week. This market will move right along over the backs of daytraders, bear or bull. Be damn careful. Use protection. Crashes are rare. The PTB haven't begun to fight back. Too much Schadenfreude will screw the bears. Have fun, whatever you do. Link to comment Share on other sites More sharing options...
Guest Posted May 17, 2004 Report Share Posted May 17, 2004 Am I the only one who thinks this administration is completely insane? Is the rest of the world supposed to believe that we have now found the WMD that justified the war...and that the timing of this discovery just happens to coincide with the death of the new interim leader of Iraq AND and imminent stock market crash? Link to comment Share on other sites More sharing options...
Guest Posted May 17, 2004 Report Share Posted May 17, 2004 Did ya see Kerry's daughter on the front page of Drudge? Link to comment Share on other sites More sharing options...
Bearbones Posted May 17, 2004 Report Share Posted May 17, 2004 The yield curve has flattened from 5 years to 30 years by about 70 basis points since last July. That is putting pressure on the leveraged trades as many sold long the fixed rate and bought the short-end floater. Short rates have jumped much more than long ones from Hussman last night: " corporate balance sheets were improved not by debt reduction, but by swapping to short-term interest rate structures, so there is considerable yield curve risk to balance sheets. This also implies that unlike past experience, it is not at all clear that the next recession will require any sort of inversion in the yield curve ? even a flattening could create sufficient strains on the economy." http://www.hussmanfunds.com/wmc/wmc040517.htm This, not PPI,CPI, FBI, or evil eye, is the issue for the markets. Link to comment Share on other sites More sharing options...
Lock Limit Down Posted May 17, 2004 Report Share Posted May 17, 2004 Am I the only one who thinks this administration is completely insane? Is the rest of the world supposed to believe that we have now found the WMD that justified the war...and that the timing of this discovery just happens to coincide with the death of the new interim leader of Iraq AND and imminent stock market crash? No you are not the only one The situation continues to sink to new lows The Soviet Union of old looks like democracy at its finest when compared to the brainwashing campaign that the media continues to support Link to comment Share on other sites More sharing options...
Guest Posted May 17, 2004 Report Share Posted May 17, 2004 If they are going to be this blantant about stick saving the war, why should we assume they would be any more subtle about stick saving the markets? They may just come right out and make the announcement: "We are intervening in all markets. Mortgage rates will remain low. Interest rates will remain low. Gold will never be allowed to rise. The stock market will never be allowed to fall. Don't worry...be happy!" Link to comment Share on other sites More sharing options...
NWD Posted May 17, 2004 Report Share Posted May 17, 2004 Gold market slightly in "backwardation" this a.m. In other words, spot price higher than future price, i.e., the June contract. http://www.kitco.com The June contract now trading at 381.40. It's normally in "contango." A Dr. Antal Fekete, among others, view the emergence of such a market as highly significant, implying some skepticism about ability of futures contract sellers to deliver. I mention this here because of my suspicion that it affects a lot more than just gold trades. Intuitively, it just seems to fit in with all the other developments posted on this thread this morning. Link to comment Share on other sites More sharing options...
Lock Limit Down Posted May 17, 2004 Report Share Posted May 17, 2004 Plunger The only thing left the statists have is the stock market, their keystrokes and the puppet disgusting bullhorning media. Expect more of the same all the way to Dow 3000 and Naz 300. The truth will be told but not until they have totally wiped out the middle class.... Link to comment Share on other sites More sharing options...
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