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B4 The Bell Tuezelday July 20


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$32 billion in one shot is a lot of cash. It won't be until December, but does it change the equation? If MSFT is doing it, who might be next, is what the players will be looking at. We've had a cash build in the last 4 weeks. The SPX is already set for a 5 point plus gap on the open. There is certain to be some additional panic buying on the open. This could be a huge gap in the morning. The 3 day cmap on the SPY implies a high of 1117. I can't see them getting it back below 1112 before the close. If they don't, then there's more to come.

 

Then there's the business of the break of the Nas long term trendline and subsequent WHOPsaw. Those can be wildly boolish. So I'm cautious here. I want to see how things look at the close tomorrow. A reversal day would be nice but I am not counting on it.

 

All covered in detail in tonight's Anals.

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Man, am I reading right? Bush said he's channelling God? You mean to tell me that the supreme be all and end all, the alpha and the omega, chose the idiot son of an a**hole to mouth his words? Or, horror of horrors, Bush is actually okay and it's God who has the problem. Either way, it's an unpleasant thought. To think I've been praying to a goof, or a Goof. Hooo boy.

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Plunger;

 

I heard the story spread about that Col. Putin lowered the boom on the controlling personalities of YUKOS because he, or whoever he answers to, felt that they were too chummy with western oil multinationals and were contriving to put control of Russian proven reserves into foreign hands.

 

How much truth there is to that story I couldn't say.

 

Halliburton get a management contract as to YUKOS assets?  It's a screwy world.  I no longer have much confidence in my ability to declare, with accuracy, what is too bizarre to happen.

I have no idea what is really going on, but I try to view everything from the most ridiculous and contrary perspective when things don't make sense.

 

Remember when Putin came out of the blue and declared that he had provided Bush with information linking AlQaeda and Iraq? Even our own intelligence community stated that they had no idea what he was talking about.

 

What that showed me is that Putin and bush had struck some very new and different type of relationship, and that Putin in a very Ham Handed over the top fashion was trying to help his new partner in crime.

 

I know nothing.

 

I question everything.

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Man, am I reading right? Bush said he's channelling God? You mean to tell me that the supreme be all and end all, the alpha and the omega, chose the idiot son of an a**hole to mouth his words? Or, horror of horrors, Bush is actually okay and it's God who has the problem. Either way, it's an unpleasant thought. To think I've been praying to a goof, or a Goof. Hooo boy.

Brings to mind a often posted song by F.Z. Read the words.

 

Dumb all over.

 

 

Whoever we are

Wherever we?re from

We shoulda noticed by now

Our behavior is dumb

And if our chances

Expect to improve

It?s gonna take a lot more

Than tryin? to remove

The other race

Or the other whatever

From the face

Of the planet altogether

 

They call it the earth

Which is a dumb kinda name

But they named it right

?cause we behave the same...

We are dumb all over

Dumb all over,

Yes we are

Dumb all over,

Near ?n far

Dumb all over,

Black ?n white

People, we is not wrapped tight

 

Nurds on the left

Nurds on the right

Religous fanatics

On the air every night

Sayin? the bible

Tells the story

Makes the details

Sound real gory

?bout what to do

If the geeks over there

Don?t believe in the book

We got over here

 

You can?t run a race

Without no feet

?n pretty soon

There won?t be no street

For dummies to jog on

Or doggies to dog on

Religous fanatics

Can make it be all gone

(I mean it won?t blow up

?n disappear

It?ll just look ugly

For a thousand years...)

 

You can?t run a country

By a book of religion

Not by a heap

Or a lump or a smidgeon

Of foolish rules

Of ancient date

Designed to make

You all feel great

While you fold, spindle

And mutilate

Those unbelievers

From a neighboring state

 

To arms! to arms!

Hooray! that?s great

Two legs ain?t bad

Unless there?s a crate

They ship the parts

To mama in

For souvenirs: two ears (get down!)

Not his, not hers, (but what the hey? )

The good book says:

("it gotta be that way!")

But their book says:

"revenge the crusades...

With whips ?n chains

?n hand grenades..."

Two arms? two arms?

Have another and another

Our God says:

"there ain?t no other!"

Our God says

"it?s all okay!"

Our God says

"this is the way!"

 

It says in the book:

"burn ?n destroy...

?n repent, ?n redeem

?n revenge, ?n deploy

?n rumble thee forth

To the land of the unbelieving scum on the other side

?cause they don?t go for what?s in the book

?n that makes ?em bad

So verily we must choppeth them up

And stompeth them down

Or rent a nice french bomb

To poof them out of existance

While leaving their real estate just where we need it

To use again

For temples in which to praise our god

("cause he can really take care of business!")

 

And when his humble tv servant

With humble white hair

And humble glasses

And a nice brown suit

And maybe a blond wife who takes phone calls

Tells us our God says

It?s okay to do this stuff

Then we gotta do it,

?cause if we don?t do it,

We ain?t gwine up to hebbin!

(depending on which book you?re using at the

Time...can?t use theirs... it don?t work

...it?s all lies...gotta use mine...)

Ain?t that right?

That?s what they say

Every night...

Every day...

Hey, we can?t really be dumb

If we?re just following god?s orders

Hey, let?s get serious...

God knows what he?s doin?

He wrote this book here

An? the book says:

He made us all to be just like him,"

So...

If we?re dumb...

Then God is dumb...

(an? maybe even a little ugly on the side)

 

 

:lol: :lol: :lol:

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I agree Doc on the 1117 area-burning out there would be great..Stain 1121 would also be ok as long as we closed under it, for now my stop is 1110 if stopped I'll wait for the burn out.  A close over 1120 would throw everyone  for a loop. ;)

Everyone for the loop except me -:) I will add at 1123 if we ever see it.

 

BDK

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This is some extremely important interest rate-debt statistics done and

posted by WRS........at Bear Chat............

 

http://www.timebomb2000.com/vb/showthread.php?t=109031

Wow. Brilliant, classic post from WRS.

 

His second chart shows how a gentle, 1% annual increase in the interest paid on govt debt, will quickly drive both interest costs and the deficit to exponential rises.

 

These mathematics are very probable and very real. Print out a copy and post it on your wall. These are the funny-mentals which will rule the markets during the next couple of years.

 

Thank you HiHat ...

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