Guest yobob1 Posted June 21, 2004 Report Share Posted June 21, 2004 Well let's check in on Uncle Bucky. Still walking the 200 dayMA line. Like a drunk following the centerline home. The futures are inspired by the happy Intel/semi news. Going to need lots of high tech stuff to run those debtor prison internment camps. What are we going to do with all of those license plates those folks make if we can't get gas to run our cars down to the store to buy the bottled water that isn't arriving due to no fuel for the trucks? Gold and Silver idling around waiting for directions. Many moons ago I asked Stoolies to consider what their diet would be like if everything they had available to eat had to come from a radius of no more than the distance that could be covered by a horse drawn wagon within a few days. (once you get down to horses, there won't be any refrigeration either.) It may be a moot question if there's insufficient water to grow those crops. RE: meteroites. Remember the meteorite that went screaming over the Pacific Northwest not too long ago? Now I hear that the next day one went over Southern Cali which went widely unreported. Matrix supression or just regional news data lying unconnected? Pictures posted by Rockledge on the Weakend thread tell the story. (great pics by the way RL) If the West has a dry Summer, this year's draw-down will be spectacular. IMO the most egregious waste of water? Golf courses. I live on the edge of the hole 9 fairway of a small country club. The sprinklers run all night so a select few can play on lush green lawns. The explosive growth of golf courses in the US over the last 2 decades has been unbelievable. Link to comment Share on other sites More sharing options...
Guest Posted June 21, 2004 Report Share Posted June 21, 2004 . . . . This morning's launch Link to comment Share on other sites More sharing options...
Hiding Bear Posted June 21, 2004 Report Share Posted June 21, 2004 The end to low interest rates in Japan? (Or how do you keep expanding your credit bubble at exponential rates when your interest rates rise?) The terrifying spectre of normal growth and prosperity is haunting the Japanese markets these days. When giant hedge funds strode the earth in the early 1990's, one of their favourite trades was shorting the yen and the JGB. That's one of the reasons why several of them are no longer striding the earth, since the inflationary collapse of the Japanese currency and bond market didn't happen in time. However, their more cautious successors have done pretty well over the past year shorting the JGB, since the ten year bond has gone from a low yield of 55 basis points last year to a high of 1.9 per cent last week. No wonder the market for private aircraft is picking up. This lack of interest in the Japanese government's paper is disturbing to the officials at the Ministry of Finance, who have to issue 36.6 trillion yen of new bonds before next March 31. If the BOJ had to sit there and buy a whole bunch of bonds, the yen would be under deeper liquidity than the Titanic. Or it would as long as there were no capital controls to keep Japanese investors from fleeing the country in a disorderly manner. http://search.ft.com/search/article.html?i...arch&state=Form Link to comment Share on other sites More sharing options...
Guest Posted June 21, 2004 Report Share Posted June 21, 2004 Monday jam fest coming up. So what else is new? Link to comment Share on other sites More sharing options...
Guest Posted June 21, 2004 Report Share Posted June 21, 2004 INVESTOR'S BUSINESS DAILY: StockGate: Charles Schwab Admits Brokerages Need Behavior Changes, Not Rules FinancialWire has reported on the disclosure that "Dateline," the investigatory TV program aired by General Electric's (GE) NBC unit, has purportedly been preparing a blockbuster expose of "Stockgate" (see separate story at http://www.financialwire.net). It is not known if "Dateline" has uncovered continuing underworld connections to the scandal, but FinancialWire reported that Dateline may be pointing a large finger of conflict at the U.S. Securities and Exchange Commission itself, which reportedly receives a slice of every transaction fee as part of its budget. Jun 21, 2004 (financialwire.net via COMTEX) -- (FinancialWire) Quite a number of market makers and brokers have been named in various lawsuits and other actions related to naked short selling, including FleetBoston (NYSE: FBF), H&R Block (HRB), Charles Schwab (SCH), and A.G. Edwards, Inc. (AGE). That's why it was surprising among some observers to find a comment letter submitted to the U.S. Securities and Exchange Commission by Mike Alexander, Senior VP of Charles Schwab, that admits outright that brokerages regularly ignore rules and regulations, saying it is not rules that need to be written; it is changes in behavior that is needed. In comments to the U.S. Securities and Exchange Commission, C. Austin Burrell, who is providing litigation support and research for the law firms, said that StockGate is more massive than anyone may have imagined. "Illegal Naked Short Selling has stripped hundreds of billions, if not TRILLIONS, of dollars from American investors," and have resulted in over 7,000 public companies having been "shorted out of existence over the past six years." Burrell said some experts believe as much as $1 trillion to $3 trillion has been lost to this practice. He stated that the restrictions on short selling were deliberately put into the Securities Acts of 1933 and 1934 because of the first-hand evidence then available that the "sheer scale of the crashes was a direct result of intentional manipulation of US markets through abusive short selling by a massive conspiracy." It quotes the National Association of Security Dealers as admitting that "concerns have been raised by members, issuers, investors and other interested parties about potentially abusive short selling activities occurring in the marketplace. In particular, naked short selling, or selling short without borrowing securities to make delivery, can result in long term failures to deliver, including aggregate failures to deliver that exceed the total float of a security. http://www.investors.com/breakingnews.asp?...=21728659&brk=1 Link to comment Share on other sites More sharing options...
Guest Posted June 21, 2004 Report Share Posted June 21, 2004 June 21, 2004 ? THE NATION Thirsty Las Vegas Eyes a Refuge's Water Hydrologists worry that tapping aquifer beneath a bighorn sanctuary could threaten rare wildlife. ? ??GOBy Bettina Boxall, Times Staff Writer DESERT NATIONAL WILDLIFE REFUGE, Nev. ? Water is not what comes to mind in this sun-bleached landscape of crumpled mountains and creosote-coated basins. But that's what Las Vegas thinks of when it glances across its northern border at this sprawling bighorn sheep refuge, the largest federal wildlife sanctuary in the lower 48 states. The city of water-themed casinos and ever-expanding subdivisions is looking here to begin a massive pumping project that would reach deep into rural Nevada to tap an ancient aquifer running from western Utah to Death Valley National Park in eastern California. In Nevada's scrappy outback, the plans have prompted comparisons to Owens Valley, Los Angeles' infamous eastern Sierra water grab of a century ago. Federal hydrologists worry that the first round of pumping, which if approved by the state engineer could be in operation by 2007, could starve springs on public lands. They are concerned not just for this place but for several other national wildlife refuges in southern Nevada that provide havens for endangered species found nowhere else in the world. Johnson predicts Las Vegas won't stop in White Pine. "They're going to be like a junkie looking for a fix of more water," he said. "We really think there is a growth issue. They can't just continue to grow at the rate they are without a much larger solution than the water we have." http://www.latimes.com/news/local/la-me-wa...-home-headlines Link to comment Share on other sites More sharing options...
Guest Posted June 21, 2004 Report Share Posted June 21, 2004 How suspicious does this sound??? Just another happy coincidence on the road to war against Iran: Iran seizes three British navy vessels21/06/2004 - 13:12:46 The British Ministry of Defence was today investigating reports that three Royal Navy vessels had been seized by Iran. The Arab-language satellite station Al-Alam was reported to have said that the vessels had been detained in Iranian territorial waters close to the border with Iraq. The Iranians were said to have arrested eight Royal Navy crew as well as finding weapons and maps on board the vessels. A British MoD spokesman said that they were investigating the reports. http://breakingnews.iol.ie/news/story.asp?...110&p=yx83z58y6 Link to comment Share on other sites More sharing options...
Hiding Bear Posted June 21, 2004 Report Share Posted June 21, 2004 How suspicious does this sound???Just another happy coincidence on the road to war against Iran: Iran seizes three British navy vessels21/06/2004 - 13:12:46 The British Ministry of Defence was today investigating reports that three Royal Navy vessels had been seized by Iran. The Arab-language satellite station Al-Alam was reported to have said that the vessels had been detained in Iranian territorial waters close to the border with Iraq. The Iranians were said to have arrested eight Royal Navy crew as well as finding weapons and maps on board the vessels. A British MoD spokesman said that they were investigating the reports. http://breakingnews.iol.ie/news/story.asp?...110&p=yx83z58y6 In 1987, small Iranian boats caused great havoc to oil tankers but in a "secret" one day war - the day of the market crash - the US struck back hard. I doubt Iran has forgiven or forgotten about those events. Link to comment Share on other sites More sharing options...
Guest Posted June 21, 2004 Report Share Posted June 21, 2004 How suspicious does this sound???Just another happy coincidence on the road to war against Iran: Iran seizes three British navy vessels21/06/2004 - 13:12:46 The British Ministry of Defence was today investigating reports that three Royal Navy vessels had been seized by Iran. The Arab-language satellite station Al-Alam was reported to have said that the vessels had been detained in Iranian territorial waters close to the border with Iraq. The Iranians were said to have arrested eight Royal Navy crew as well as finding weapons and maps on board the vessels. A British MoD spokesman said that they were investigating the reports. http://breakingnews.iol.ie/news/story.asp?...110&p=yx83z58y6 In 1987, small Iranian boats caused great havoc to oil tankers but in a "secret" one day war - the day of the market crash - the US struck back hard. I doubt Iran has forgiven or forgotten about those events. The British Navy has been patrolling the waterway between Iran and Iraq for months. Only now, with tensions heating up over the Iran nuclear program, do these vessels push further into Iran - resulting in confrontation. Who gave the order for British Naval vessels to violate Iranian territorial waters? Was the accidental or intentional? Why? Link to comment Share on other sites More sharing options...
Guest Posted June 21, 2004 Report Share Posted June 21, 2004 How suspicious does this sound???Just another happy coincidence on the road to war against Iran: Iran seizes three British navy vessels21/06/2004 - 13:12:46 The British Ministry of Defence was today investigating reports that three Royal Navy vessels had been seized by Iran. The Arab-language satellite station Al-Alam was reported to have said that the vessels had been detained in Iranian territorial waters close to the border with Iraq. The Iranians were said to have arrested eight Royal Navy crew as well as finding weapons and maps on board the vessels. A British MoD spokesman said that they were investigating the reports. http://breakingnews.iol.ie/news/story.asp?...110&p=yx83z58y6 Gulf of Tonkin in Hearts and England just took the Queen! Link to comment Share on other sites More sharing options...
purdymouth Posted June 21, 2004 Report Share Posted June 21, 2004 Attack Week? The pressure is really on for the Federal Reserve, and as we have written many times, it's hard to bet against the monied interests. As Iraq is getting tougher on its own, too, http://news.bbc.co.uk/1/hi/world/mi...ast/3822925.stm, the pressure on the fed is intensifying with the clocking running out. If the Fed raises rates there will be hell to pay because of all the adjustable rate mortgages that people have dug themselves into. If they don't raise, the foreign countries that have been purchasing US debt obligations in a sense at gunpoint, will see that it's a paper tiger of the worst type. So what do we expect? As much as we regret making predictions (they are invariably wrong) we'll predict that the terror threat level will be raised this week with the chances of an attack on the US homeland higher than the yellow level indicates. We expect Orange or Red prior to the rate hike. That way, if the market falls out of bed, it can be blamed on terror, not the underlying economics. http://www.urbansurvival.com/week.htm Link to comment Share on other sites More sharing options...
HiHat Posted June 21, 2004 Report Share Posted June 21, 2004 all things considered..........and rigging may be a big part of "all", i'm leaning towards stained jeans scenario of a 3rd push up. 2 pushes up have ocurred on snp daily since may bottoming. how high i have no clue................ market has been at crossroads for a couple of weeks. very hard to day trade.........let alone attempt position moves............. Link to comment Share on other sites More sharing options...
Guest Posted June 21, 2004 Report Share Posted June 21, 2004 watch for an attempted squeeze in the semis Link to comment Share on other sites More sharing options...
brian4 Posted June 21, 2004 Report Share Posted June 21, 2004 Yes Plunger-who gave the order for the Brit Patrol Boats is the big question?? ...along with why?? The Shat Al Arab waterway has generally been patrolled by the Canadian Navy since Gulf 1..so the Brits had no business being there. This smells to me like LBJ'S "Gulf Of Tonkin" incident- this is not an ACCIDENT! The markets look poised to go higher here it should top anywhere between here and say 1148-DO NOT think about the long side unless and until it breaks 1150 up, if that happens buy the long side with both hands. Window at the bell for 55 minutes-Helmets on, lock n Load! Link to comment Share on other sites More sharing options...
Guest Posted June 21, 2004 Report Share Posted June 21, 2004 CECO dropping nicely so far! Link to comment Share on other sites More sharing options...
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