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B4 The Bell Weak-end Den, August 21-22


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NAJAF, Iraq (Reuters) - U.S. forces launched a fresh assault on Shi'ite rebels in the embattled Iraqi city of Najaf on Sunday after talks on transferring control of the mosque at the center of a two-week siege ran into difficulties.

 

A U.S. military AC-130 gunship unleashed rapid cannon and howitzer fire on positions held by rebels loyal to radical cleric Moqtada al-Sadr, a Reuters witness said.

 

 

 

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Reading through some of the economic news this weekend...and I am astonished to report that most articles report that economists and etc. are not very concerned about the rise in oil prices and the fed's rate increases....??!@! What the heck is going on here...its like listening to people who expect the US to win every gold medal in the olympics...do they think America walks on water.... Is there no one who has picked up an economic history book and looked at the correlation between oil price spikes (or large increases), fed rate increases and the ultimate effects on the economy? These so called economists should be fired and tossed homeless in the street.....or worse! Ok, I've gotten that out of my system......now I can take a walk and smile to my obnoxious, good for nothing loser neighbors....

 

 

 

LOL :P

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This Iraq mess has descended into the realm of Farce starring the Marx Brothers in "Duck Soup". Nam was a swamp that swallowed up any who ventured into it. Iraq on the other hand started by a blood thirsty little Blockhead has stained the Army of America's professional (with a small p") armed forces that shows them as a brutal, knee jerk leaderless band. Just as they believe in America so does their enemy believe in Iraq yet the honor one force paid to another throughout the great wars doesn't exist anymore now prisoners are treated like the Japanese treated ours in WW.2. Maybe a return to a Citizen Army is the way to go! ;)

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Isn't this still a trading range? I'm what I call hedged

with 9 shorts and 9 longs. Because were obviously near

some important resistances I am putting on small positions

only to keep from getting killed if they can force a short

squeeze ... again ... and fairly tight stops after the open

settles. Just trying to keep looses small and take profits

into the rally when I see them.

 

Covered most of metals at very nice profits and will set

buy stops after Doc's next gold report.

 

Seems like it's too late to go long now - so just

looking for weakness and those bumping up to

resistance to short. Small positions. Tight stops.

What I get left with sucks.

 

Hedging has kept me even this week. Should have added

more long on just before the prelim buy to have profited.

 

Grot is spot on. Who's got a match?

 

Nice work sj, plunger, mh et all. Very helpful.

You should be paid! :P

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Wall St.'s Nest Egg - the Housing Sector

 

Sat Aug 21, 3:39 PM ET

By Dick Satran

 

NEW YORK (Reuters) - If there were any doubts that we're still living in the era of the stay-at-home economy, the rows of empty seats at the Athens Olympics should help erase them.

 

The stock market, too, has been a less-than-hot ticket over the summer months, as equities have retreated on concerns over anemic job creation and signs of slowing technology spending.

 

But the urge to sit at home and watch the Olympics on television points up one sure thing in an economy that's riddled with question marks: The nesting trend is alive and well.

 

Housing has been one of the few bright spots in Wall Street's long, bleak summer. Despite concerns that a new era of higher interest rates would burst the housing bubble after three years of sharp gains, the sector remains strong. And most anal cysts expect it to remain so in the second half of this year.

. . .

"As people start getting new jobs they are feeling better about their future and spending on housing," said James Glassman, senior economist at J.P. Morgan Chase. The housing sector hasn't gotten hurt that much by the higher rates because the economy is doing better, he said.

 

Some of the money flowing into mortgages will help stocks. To start with, housing is a critical prop for the economy, spurring demand for raw materials, and a wide range of appliances, housing products and services.

 

:blink:

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Wall St.'s Nest Egg - the Housing Sector

 

Sat Aug 21, 3:39 PM ET

By Dick Satran

 

NEW YORK (Reuters) Housing has been one of the few bright spots in Wall Street's long, bleak summer. Despite concerns that a new era of higher interest rates would burst the housing bubble after three years of sharp gains, the sector remains strong. And most anal cysts expect it to remain so in the second half of this year.

. . .

"As people start getting new jobs they are feeling better about their future and spending on housing," said James Glassman, senior economist at J.P. Morgan Chase. The housing sector hasn't gotten hurt that much by the higher rates because the economy is doing better, he said.

 

Some of the money flowing into mortgages will help stocks. To start with, housing is a critical prop for the economy, spurring demand for raw materials, and a wide range of appliances, housing products and services.

 

:blink:

 

spoke to a father of a teammate of my son. he is a teacher, so he has a pension. his wife stays at home and they have FIVE children. all really good kids and they are good parents. a buddy of his just cashed out and moved to WA and never has to work again. he said to me "im looking forward to cashing outta the house" and retiring. they just traded up to a house that mustta been $650,000. his main retirement hopes are pinned on his casa along with the teachers pension.

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Sheriff of Maricopy County currently under seige for various reasons including how his deputies prosecuted prostitution arrests: soliciting and engaging in sex, THEN arresting the woman.

 

is there a problem with that :lol: ?

 

signed,

 

Happy Endings

 

on a more serious note, the biggest threat to the markets and our system i a lack of fear or serious debate on issues of primary import. it seems everything is rationalize or marginalized and people just assume that what they hear is true. oil no problem to $40/bl, then, oil no problem to $50/bl, then oil over $50/bl is no problem.... pension funds, not discussed. deficiet spending and debt, not discussed. if Iraq War has accomplished anything, it has been to quiet any debate on very important substanative issues. lets just ponder: how does our imbalance of trade come back into balance? or, how do we balance the budget, or pay off the national debt? when things really turn down it will be a complete surprise to most, which will result in utter panic.

 

there is an article floating around on the % of debt service on national debt at these low IRs. the article notes, if memory serves me, that higher rates would esseentially require that all or a big chunk of govt revs would go to debt service. there is some very serious crap getting swept under the rug -

 

B4- Ralphie post on PruBear about car biz - he posted earlier today i think - always a good read.

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Oooh, OUCH...

 

Midfielder Ahmed Manajid, told Wahl angrily, "How will [bush] meet his god having slaughtered so many men and women? He has committed so many crimes."

 

Iraqi Olympic soccer team gives Shrub the finger

 

:P

What in the heck is with this guy?

 

From Drudge:

 

 

PRESIDENT BUSH PLANS TRIP TO OLYMPICS, SOURCES TELL DRUDGE. MAY ATTEND IRAQI SOCCER GAME. 'TRIP BEING PLANNED IN SECRET'... SECURITY CONCERNS AND 'DISRUPTION' OF GAMES AT ISSUE... 'THE PRESIDENT WILL NOT GO, IF IT BECOMES TOO MUCH OF A DISTRACTION,' TOP SOURCE REVEALED LATE SATURDAY AFTERNOON... TOP BUSH SOURCE CAUTIONS PLANNING FOR TRIP IS BEING RESEARCHED AND IS IN PRELIMINARY STAGE. TRIP WOULD BE FOR FINALS AUG 28 [sATURDAY]... DEVELOPING...

 

 

 

:blink: :angry: :blink:

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Guest Icky Twerp

so where IS the worst infliction? LA or PHX?

 

Phoenix, awash with abandoned pools, is West Nile epicenter

Aug. 17, 2004 06:29 PM

 

With triple-digit heat and nearly nonexistent rainfall, Phoenix seems an unlikely spot for this year's West Nile virus epicenter. Yet, federal health officials say Arizona is the only state where the mosquito-borne virus is an epidemic.

 

Calif. West Nile Case Jump 32 Percent

SACRAMENTO, Calif. - The number of people infected with the West Nile virus (news - web sites) in California has jumped by 32 percent since Tuesday, state officials said Friday.

 

There are now 249 reported cases in California, up from 189 on Tuesday, said Lea Brooks, spokeswoman for the state Department of Health Services.

 

Mosquito activity is greatest in August, September and early October ? a time when Californians spend more time outdoors, said Ken August, a department spokesman.

 

"We expect the number of cases to increase, and unfortunately, the number of deaths to as well," August said.

 

The mosquito-borne illness has killed six people, DHS said, including a Los Angeles man who died Aug. 12. More than 80 confirmed cases of the virus have been reported in the county, according to state health authorities.

 

West Nile-related deaths have also occurred in Orange, Long Beach and San Bernardino counties. Authorities said the elderly are the most vulnerable.

 

West Nile has been detected in 41 of 58 counties in California. Human cases of the virus have been detected in 13 counties.

 

The virus has killed at least 20 people in the nation so far this year. California has the highest toll followed by Louisiana, which has reported five deaths, according to the U.S. Centers for Disease Control and Prevention (news - web sites).

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More explanations of the Cheney Cartel's instigations:

 

Natural Gas Seems Headed the Way of Oil: More Demand, Less Supply, Higher Cost

 

Page 2: ?Gradually, the need for gas has begun to shape United States foreign policy, just as the need for oil has for generations, industry anal cysts said. For example, last December the Energy Department organized a Washington conference of energy ministers from the major liquefied gas exporting countries. The administration has also been pressing Russia to build a liquefied gas plant at Murmansk, with an American company as a partner. And some anal cysts say that the administration's recent decision to lift sanctions against Libya grew in part from a desire on both sides to develop liquefied gas operations in Libya, whose gas reserves are richer than the oil reserves.

 

"Libya is a big L.N.G. play, and that's why they were desperate to get the sanctions off," Ms. Jaffe of Rice University said. For the Libyans' part, she said, "they felt the L.N.G. market is the U.S. market, and they needed an American company." On the American side, she said, "the sanctions moved because L.N.G. is big business.''

 

"Think of all those years when the sanctions didn't move, when we were worried about two or three oil fields."

 

http://www.nytimes.com/2004/08/20/business...tner=ALTAVISTA1

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Maine Indian Tribe OKs Gas Terminal

PORTLAND, Maine - Maine's Passamaquoddy Indians have approved building a liquefied natural gas terminal on their oceanfront reservation to help meet the region's energy needs.

 

The 192-132 vote on Wednesday sets up fast-paced negotiations with Quoddy Bay LLC, an energy development partnership in Tulsa, Okla., to build a terminal on a 42-acre site on Passamaquoddy Bay.

 

Quoddy Bay spokesman Jim Mitchell said a definitive agreement with tribal leadership will be ironed out within weeks.

 

The Passamaquoddy support comes in stark contrast to opposition raised by other communities, including Harpswell, where a proposal was voted down, and Fall River, Mass., where a proposal is being fought.

 

The Maine project would be competing with two projects in neighboring Canadian provinces, as well as at least four other proposals across New England.

 

http://news.yahoo.com/news?tmpl=story&u=/a...d_natural_gas_1

 

Kewl!! Now we get rescued by the Indians (the Native American types)!

:D :o :D

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