RockLedge Posted August 4, 2004 Report Share Posted August 4, 2004 U.S. Oil Inventories data to be released at 10:30. Will they tell the truth? Why start now? Well, we'll know when something is really awful, when they postpone the report. Link to comment Share on other sites More sharing options...
BeerMarket Posted August 4, 2004 Report Share Posted August 4, 2004 UBS cuts "global technology sector" valuations and estimates are too high. Never heard of one of these global cuts before. Why don't they just yell crash And then SMH goes green ! Must make them feel like no one's listening Smith Barney Shittigroup upgraded AMAT to Buy. Plus (SURPRISE!) Joe Battipaglia is bullish on semis, thinks AMAT should be in the mid-20s (maybe he didn't hear about one of the splits): A Veteran Bull Ready to Charge Again What a headline, says it all. Link to comment Share on other sites More sharing options...
Guest Posted August 4, 2004 Report Share Posted August 4, 2004 SFD down big due to "inflationary pressures and LOSSES DUE TO COMMODITIES HEDGING" Anybody see a theme here? MSFT gets hit due to "HEDGING LOSSES" Can You say HEDGE FUND BLOWUPS? I knew you could. Speaking of hedging (fuel) - keep and eye on CCL AND RCL. At some point, hedging does you no good in a continually rising price environment. Link to comment Share on other sites More sharing options...
Hiding Bear Posted August 4, 2004 Author Report Share Posted August 4, 2004 SFD down big due to "inflationary pressures and LOSSES DUE TO COMMODITIES HEDGING" Anybody see a theme here? MSFT gets hit due to "HEDGING LOSSES" Can You say HEDGE FUND BLOWUPS? I knew you could. Speaking of hedging (fuel) - keep and eye on CCL AND RCL. At some point, hedging does you no good in a continually rising price environment. We are overdue for a blowup. The Fed withdrew $2B more from the repo pool. Looks like they are locking in a 0.25% rate increase next week. I expect after that they will add back repos and go back to sleath monetary easing. The Fed actions may depress the market the next few days a little more than I previously thought. Link to comment Share on other sites More sharing options...
Guest Posted August 4, 2004 Report Share Posted August 4, 2004 Boomberg: Saudis open new fields to increase productions. Just like that found new fields, tap & start pumping. Pretty convenient The Cheney Cartel and the Saudi Cartel are destroying their own credibility by the minute. NOBODY believe the Saudis have the ability to open new fields immediately, and EVERYBODY with a brain knows not to listen to a word out of the white house with respect to Terror Threats, or from the Saudis with respect to Oil Production. Hello???? Is anyone home? IT ISN'T WORKING AND EVERYTIME YOU OPEN YOUR MOUTH YOU LOOK MORE STUPID THAN THE LAST TIME. I think the Saudis should just plan to announce new oil discoveries every day. It would not damage their credibilty any more than they already have. Hey Vladamir...didn't you find a few million extra barrels overnight too? IDIOTS. Link to comment Share on other sites More sharing options...
machinehead Posted August 4, 2004 Report Share Posted August 4, 2004 Hello???? Is anyone home? IT ISN'T WORKING AND EVERYTIME YOU OPEN YOUR MOUTH YOU LOOK MORE STUPID THAN THE LAST TIME. I think the Saudis should just plan to announce new oil discoveries every day. It would not damage their credibilty any more than they already have. Hey Vladamir...didn't you find a few million extra barrels overnight too? IDIOTS. View it as an opportunity. Collective delusion is like hundred-dollah bills lying on the sidewalk. All you have to do is bend over and pick 'em up. Suppress your grin as you walk to the bank ... er, gold dealer. Link to comment Share on other sites More sharing options...
purdymouth Posted August 4, 2004 Report Share Posted August 4, 2004 'Outfoxed' Film to Appear in Theaters http://story.news.yahoo.com/news?tmpl=stor...p/film_outfoxed Link to comment Share on other sites More sharing options...
Janitor Posted August 4, 2004 Report Share Posted August 4, 2004 MH meesage in your private box Link to comment Share on other sites More sharing options...
Hypertiger Posted August 4, 2004 Report Share Posted August 4, 2004 Notes from dinner with ME investors: In attendance were eight seasoned individual investors from Egypt, Jordan and Kuwait. They were all entrepreneurs who had accumulated wealth in their individual countries in fields including; food processing, construction, furniture mfg and trucking. Average net worth is approx $3-4m which in their respective companies would make them quite wealthy, but none were idiot sons. They all seek to diversify investments for themselves and extended family and most importantly to preserve and grow capital. Iraq war In general they all thought the Iraq war, specifically the removal of Hussein, was a net positive. They are concerned about US long-term intentions in Iraq. They want the Iraqis to self govern and the US to exit from Iraqi affairs. However, their greatest concern would be the immediate withdrawal of the US military. The reasoning: The things going on in Iraq were also going on in their own countries. People being rounded up and disappearing, govt confiscating wealth without cause or explanation, and routine torture and imprisonment for political opposition. Since Hussein has been toppled their respective govts have turned full circle, at least temporarily. Secondly, there is a great deal of trade and job mobility in the region especially for the educated classes. Most had experience with Saddam?s Iraq or have direct relatives with first hand experience. Terrorism & Bin Laden Here they provided a blistering critic of the US & Europe. Basically their point is that there have been a few high profile attacks in the west and everyone is in a panic and demanding action. They have been dealing with terrorists for 30yrs and it is a daily event. On a daily basis restaurants are attacked, commuter buses and trains destroyed and people are kidnapped and executed but none of this is reported in the mainstream news. They find this an outrage and want more help from the west. More importantly anything that rids them of terrorism or religious fanaticism of any kind is a positive. As for Bin Laden there is no love for this man at any social or economic level. Primarily for economic reasons. After 911, the tourism trade collapsed. Tourism is one of the primary economic drivers for the whole region and it promptly destroyed the rest of the economy. Secondly, many in the lower economic classes would go to SA, Kuwait or one of the other large oil exporting countries to work and in turn support the rest of their families back home. Fears of terrorist attacks have caused these countries to deport these workers compounding the dire economic conditions. His vision of the Middle East is not appealing to his future subjects. Finally the hatred of the US, Europe (to a lesser extent) and Israel is largely a govt sponsored attempt to divert attention away from conditions at home to the threat of a common enemy. By in large the people of the region just want some peace so they can prosper. This also cuts across social and economic levels as those on the bottom (still reasonably educated (British school system and free education)) have suffered the most. All currently do business with Israel, US & Europe and hope more trade will open up. I was surprised to learn of the large Christian and Jewish populations in these countries (10% in Egypt, 5-6% in the other countries). Outside of religious fanaticism they get along well. Religious leaders or the govt generally stages large protests against these minorities or the west in general. No one will openly renounce these events but few actually support their message. US prestige & POTUS In general they love the US image. When we initially met in the Waldorf lobby some of their families were present. In general the teenagers were indistinguishable from any US teenager. They wear the exact same clothes, talk the same, listen to the same music and watch the same movies. They seem far more sophisticated, were very current on news and foreign affairs and all spoke several languages. Their parents likewise would fit in any US suburb. The US media is considered boring and useless. ?Where are the details and facts?? Nevertheless they feel that it is better than the govt sponsored news shows in their countries, As for POTUS he is generally perceived positively. No one was particularly negative, no one was particularly positive. They think the US military is invincible and are awe struck. Precious Metals/Currency/Investments They hold the bulk of their wealth in gold and consider it the ultimate currency. Children are given small allowances of gold each year such that by the time they marry they have enough wealth to buy a home and furnishings. Stock speculation is reserved for a small portion of their wealth and it is considered very risky. There is no interest in US bonds as local interest rates are 12%+/ year. They consider the local stock markets to be complete scams run by the local elite. US dollar is still considered king. Local currencies are sinking so fast that absent a complete collapse in the US $ they are still ahead. Official exchange rates and actual rates are so far off that they are nonsensical. The Euro is still considered second rate but is gaining popularity. Mortgage investing makes no sense to them, as a house is not something that is financed in their countries. Generally it passed from generation to generation. The concept of refinancing a mortgage also makes no sense, ?why would I forgive a loan and accept a lower rate?? needless to say nobody had any interest in MBS. In general they have little knowledge of FNM, FRE, CFC, etc. So they are somewhat greedy and weak... Egypt, Jordan and Kuwait? British/American possessions? They don't like their British/American supplied governments? Funny. They want the US to Exit from Iraq so the Iraqi's can self govern but their own countries are controled by the US and London... Funny... Link to comment Share on other sites More sharing options...
Guest Posted August 4, 2004 Report Share Posted August 4, 2004 Yesterday, Crapvision lied. They went out of their way to proclaim that the pipeline blast in Iraq was on a line that was for "Domestic use only and WOULD NOT AFFECT IRAQI OIL EXPORTS" Here's the truth: Pipeline blast cuts Iraq exports via Turkey as oil prices hit record high A bomb planted near a network of pipelines at Al-Fateha, west of Kirkuk, at dawn damaged the main pipeline to the Turkish port of Ceyhan, bringing exports to a halt, said Nasir Qassim, an official with the state-owned Northern Oil Company. http://www.channelnewsasia.com/stories/afp...w/99120/1/.html Link to comment Share on other sites More sharing options...
longOnUranus Posted August 4, 2004 Report Share Posted August 4, 2004 re-bought XAU calls about where I sold last week...when they rally this POS market, I'm looking for XAU retest @91.9. Also bullish SPX straddle now. oooohhhhhhmmmm...thanks Doc. You traders don't know what you're missing if you ain't Stooltrading. Link to comment Share on other sites More sharing options...
Guest Posted August 4, 2004 Report Share Posted August 4, 2004 Which DOW stocks are they jamming to move the index? Link to comment Share on other sites More sharing options...
brian4 Posted August 4, 2004 Report Share Posted August 4, 2004 Window now closed it was a good one, we need a break , a meaningful one of 1093 or they can rally the Pig. Natural pressure is off now so they will try and run it. Piggy limps on alone for awhile! Link to comment Share on other sites More sharing options...
zensmoke Posted August 4, 2004 Report Share Posted August 4, 2004 ............................NYSE AMEX Nasdaq Advancing Issues 817 185 837 Declining Issues 2,041 486 1,707 Unchanged Issues 199 81 171 Total Issues 3,057 752 2,715 Link to comment Share on other sites More sharing options...
Guest Posted August 4, 2004 Report Share Posted August 4, 2004 Matrix regaining control. Link to comment Share on other sites More sharing options...
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