Jump to content

Archived

This topic is now archived and is closed to further replies.

Hiding Bear

B4 The Bell Humpday June 2

Recommended Posts

:D Welcome to B4 the Bell! :D

 

Yesterday we had hyperinflationary moves in many commodities. Yet we still hear those business anal cysts in the media say this won't affect consumer spending, or that the GDP may slow 0.5% this year because of higher energy prices. You decide. The Fed may also be deciding if the economy can withstand the impact of the energy shock.

 

Good trading.

 

Temporary Open market Operations - Outstanding Balance

post-20-1086174908.png

Share this post


Link to post
Share on other sites

June 2 - The Mortgage Bankers Association (MBA) released today its Weekly Mortgage Applications Survey for the week ending May 28. The Market Composite Index of mortgage loan applications-a measure of mortgage loan applications for purchases and refinancings -decreased by 1.2 percent to 624.6 on a seasonally adjusted basis from 632.4 one week earlier.

 

On an unadjusted basis, the Index decreased by 1.5 percent compared with last week and was down 55.6 percent compared with the same week one year earlier.

 

http://www.mortgagebankers.org/news/weekly_app.asp

Share this post


Link to post
Share on other sites

Mortgage Applications Rise in Week

 

NEW YORK (Reuters) - U.S. applications for mortgage loans to buy homes rose while refinancings trickled lower last week, an industry trade group said on Wednesday. The Mortgage Bankers Association said its purchase index, a measure of demand for loans to buy homes, rose 2.2 percent to 459.8 in the week ended May 28.

 

The MBA's refinancing index, a gauge of requests for mortgage loan refinancings, fell by 6.6 percent to 1,583.6 from 1694.9 in the prior week.

 

http://story.news.yahoo.com/news?tmpl=stor...my_mortgages_dc

 

Implosion countdown: While the overall level is not significantly changed, refi's have decisively broken Doc's trend line this week.

Share this post


Link to post
Share on other sites

Your Golden Stool, including short and long term updated charts and price targets, is loaded. Even if you are not a goldbug, you should check out the Golden Stool. It's in your Anals daily. Take a subscribatory and download the Golden Stool RIGHT NOW!

 

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

Share this post


Link to post
Share on other sites

Buyers Take ARMs, Prop Real Estate Mkt

 

Refi's Disappearing

 

Once a week Doc fills you in on the all important MoGauge , straight from the MoGauge Bankers Ass. The MoGauge reflects a major source of liquidity in the financial bubble world and is an important indicator of future market behavior, often forecasting broad market movements months in advance. Take a subscribatory and download your MoGauge RIGHT NOW!

 

 

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

Share this post


Link to post
Share on other sites
Guest

Year over year mortgage market comparisons seem relevant.

 

Refinance activity is DOWN 56% from year-ago levels, yet the following Mortgage related stocks are up during this same period as follows:

 

CFC: +78%

NCEN: +42%

MTG: +33%

PMI: +43%

 

When interviewed about 9 months ago, the CEO of CFC stated:

 

"Even if business is only half as good next year as its been this past year, we will still have the second best year in our company's history."

 

Wouldn't business need to be 78% better in order to justify a 78% higher stock price?

 

(not that "fair value" is relevant)

Share this post


Link to post
Share on other sites
Wouldn't business need to be 78% better in order to justify a 78% higher stock price?

Only if you're a gold or silver miner.

 

Or a base metal miner.

 

Or an oil driller.

 

If, however, you're in the internet or IT bizniz, and especially if you can sport a P/E of 50 to, say, 359.13, then your stock should be bought with both hands, as the direction of the market is up, has been for the last three weeks, and will continue to be so in perpetuity.

 

:huh:

Share this post


Link to post
Share on other sites
Guest

Printer-friendly format

June 1, 2004, 10:35PM

 

Propane, gas thefts raise FBI concerns

By JOHN W. GONZALEZ

Copyright 2004 Houston ChronicleSan Antonio Bureau

 

SAN ANTONIO -- Hoping to rule out terrorism as a motive, the FBI and police Tuesday sought the public's help in finding two fully loaded propane trucks and 15 cylindrical gas tanks recently stolen in separate incidents.

 

The Ferrell gas propane trucks, missing several days, could be on their way to Mexico, where previously hijacked loads were taken. Disappearance of the gas tanks early Tuesday may have been sheer coincidence, but authorities said the theft escalated concerns about the missing trucks.

 

The trucks, parked inside a locked yard of a gas supply company in east San Antonio, disappeared between May 26 and Monday.

 

Thieves apparently tampered with other trucks on the lot whose propane tanks were empty. Together, the stolen trucks carried 5,600 gallons of propane, police said.

 

http://www.chron.com/cs/CDA/ssistory.mpl/m...politan/2604342

Share this post


Link to post
Share on other sites
Printer-friendly format

June 1, 2004, 10:35PM

 

Propane, gas thefts raise FBI concerns

By JOHN W. GONZALEZ

Copyright 2004 Houston ChronicleSan Antonio Bureau

 

SAN ANTONIO -- Hoping to rule out terrorism as a motive, the FBI and police Tuesday sought the public's help in finding two fully loaded propane trucks and 15 cylindrical gas tanks recently stolen in separate incidents.

 

The Ferrell gas propane trucks, missing several days, could be on their way to Mexico, where previously hijacked loads were taken. Disappearance of the gas tanks early Tuesday may have been sheer coincidence, but authorities said the theft escalated concerns about the missing trucks.

 

The trucks, parked inside a locked yard of a gas supply company in east San Antonio, disappeared between May 26 and Monday.

 

Thieves apparently tampered with other trucks on the lot whose propane tanks were empty. Together, the stolen trucks carried 5,600 gallons of propane, police said.

 

http://www.chron.com/cs/CDA/ssistory.mpl/m...politan/2604342

A gas explosion??

 

Its all good.

 

That should push the Dow up another 300 points.

 

Just close your eyes and buy Internet Stocks.

 

No price high enough...............

Share this post


Link to post
Share on other sites
Guest
Printer-friendly format

June 1, 2004, 10:35PM

 

Propane, gas thefts raise FBI concerns

By JOHN W. GONZALEZ

Copyright 2004 Houston ChronicleSan Antonio Bureau

 

SAN ANTONIO -- Hoping to rule out terrorism as a motive, the FBI and police Tuesday sought the public's help in finding two fully loaded propane trucks and 15 cylindrical gas tanks recently stolen in separate incidents.

 

The Ferrell gas propane trucks, missing several days, could be on their way to Mexico, where previously hijacked loads were taken. Disappearance of the gas tanks early Tuesday may have been sheer coincidence, but authorities said the theft escalated concerns about the missing trucks.

 

The trucks, parked inside a locked yard of a gas supply company in east San Antonio, disappeared between May 26 and Monday.

 

Thieves apparently tampered with other trucks on the lot whose propane tanks were empty. Together, the stolen trucks carried 5,600 gallons of propane, police said.

 

http://www.chron.com/cs/CDA/ssistory.mpl/m...politan/2604342

A gas explosion??

 

Its all good.

 

That should push the Dow up another 300 points.

 

Just close your eyes and buy Internet Stocks.

 

No price high enough...............

Uh, aren't you the same guy who said last night that you expected the HHH to drop today...and suggested buying Internet stocks with both hands?

Share this post


Link to post
Share on other sites

Hyper, this one's for you:

 

http://www.theage.com.au/articles/2004/06/...6058919614.html

 

"Gloomy experts believe it is only a question of time before terrorists use a "dirty bomb," a device that would spew radioactive debris over a city, making parts of it uninhabitable for years, New Scientist says.

 

International Atomic Energy Agency (IAEA) records point to "a dramatic rise" in the smuggling of radiological substances, the raw material for this bomb, the British science weekly says in next Saturday's issue.

 

"In 1996, there were just eight of these incidents, but last year there were 51," the report says."

Share this post


Link to post
Share on other sites
Guest
Here come the Plutocrats, slamming silver.

 

In the meantime, why not 11 up days in a row on the HHH??

Why not indeed?

 

Yesterday's blatant smack down of metals in the face of a $2 oil spike was pure manipulation...until they could get on the BatPhone to OPEC and explain the rules of the game and who is ultimately in charge.

 

Today OPEC announces opening of all spigots full bore...and the result is the continuation of the metals smackdown started yesterday.

 

It's easy when you rule the World.

Share this post


Link to post
Share on other sites

Morning Crew- 40 minute window opens at the Bell, , Helmets on, Buckle up-under 1127 ON A CLOSE-the direction is down ;)

Share this post


Link to post
Share on other sites
Guest

OPEC rolls out extra oil ahead of meeting

Wed 2 June, 2004 12:24

 

 

BEIRUT (Reuters) - OPEC's big guns have made a renewed bid to wrestle world oil prices lower by opening the taps wide even before a formal cartel decision on higher output limits.

 

The United Arab Emirates said on Wednesday it was immediately releasing an additional 400,000 barrels daily this month, complementing 700,000 bpd already on the way from Saudi Arabia.

 

The extra crude is being pumped irrespective of any formal decision by the Organisation of the Petroleum Exporting Countries on raising output quotas in Beirut on Thursday.

 

SAUDI SAYS SECURE

 

OPEC's efforts at containing the oil price spike were made more difficult by Saturday's deadly attack by Muslim militants against Western workers in the Saudi oil city Khobar.

 

"The paranoia about terrorism in the world threatening all the oil establishments in the world -- that's not true," Naimi said. "I tell you I am confident that facilities in Saudi Arabia are very, very secure and they are protected very strongly to prevent anything happening to them."

 

Saudi appears to have backing from most in OPEC to lift official supply quotas at the top end of a range under discussion, 2.5 million barrels daily or 11 percent.

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.


Stock market portfolio giving you the runs? See Dr. Stool.

Take a subscribatory!
Download 
The Anals of Stock Proctology now!



The Daily Stool - Stock Market Message Board
Stool's Gold- Gold and Precious Metals Forum
Look Out Below Message Board

Support your local Stool Board.


The Al E. Greenspeuman designer line at Stoolmart. Get yours today! Click here now!



Old Stool Depository


The Wall Street Examiner
Subscribe to the Wall Street Examiner
Contact Us




Market Quotes are powered by Investing.com.
×