wndysrf Posted November 10, 2005 Report Share Posted November 10, 2005 Everyone will be waiting in anticipation for the FSO interviews this weekend. Especially the interview with the guy who says that "Peak Oil" argument is unfounded. Wonder how they will open the show on Saturday?? Just another one of the usual "Fact" vs. "Fiction" stories..... Funny how the intial prognostications are wildly different than the "reality" being ............................ "Well, Jim, it certainly looks like there are some big storm clouds on the horizon, and we better man the lifeboats." "Yes, John, little does the public know, that we are walking directly into the Perfect Financial Storm: with Peak Oil, a Dollar Crisis, and a Stock Market Crash" "Yes, Jim, and it seems that the talking heads on TV are hyping up a strong economy, when in reality, the U.S. consumer is finished and the housing bubble has popped." "You are right, John, the trade deficit cannot be financed forever, and I would say that the consumer and financial oriented sectors are very vulnerable here, with a crisis in confidence, an imploding currency, geopolitical wars, and oil shortages looming on the horizon" "So Jim, its only a matter of time before an accident hits, and some financial firm or hedge fund gets into trouble, sending the whole house of cards down the drain." "Yes, John, you are right. Well, lets head down to Wall St., as we do at the top of the hour for a market wrap up!" "Stocks had a good week, as the Dow Jones rallied to new highs on Friday, as central banks gladly financed our Treasury auctions today, sending the banking stocks to new highs. Leading the Dow was JP Morgan and Citicorp, as investors anticipated that the Global Savings Glut would be more than ample to finance our trade deficits." "Retail and airline stocks were also strong on Friday, as plunging oil prices set new 3- month lows, and set the tone for a resurgence in retail spending and vacationing." "It was not a good week for oil, however, as all energy futures plunged in their steepest drop in over 3 years, as the Global Oil Glut continued after speculators unloaded spec long positions after the much anticipated cold winter did not materialize." "The U.S Dollar also had a good week, breaking out to fresh, new, 18-month highs as currency traders felt more confident that the U.S. Consumer was indeed ready to borrow and spend during the Christmas holidays." "Gold closed down on Friday, as investors dumped the metal in favor of financial and retail stocks." "The week ended on a positive note, as all the major U.S. stock markets closed at new highs, completely erasing the decline that occurred in October." "Foreign markets such as Japan continue to outperform the U.S. indexes, as the Global Savings Glut continues to find new investment opportunities. However, that may change next month, as the U.S. markets are now appearing more attractive due to the bird flu in Asia and the social unrest in Europe." "And, now, we go to Tim Wood for The Dow Report. Tim, it appears that the Transports have broken out to new, all-time, lifetime highs, and U.S. stocks were very strong this week. Are you still in the bear bunker?" Link to comment Share on other sites More sharing options...
tdultima Posted November 10, 2005 Report Share Posted November 10, 2005 bearish sentiment remains high in IDS are the bears planning to fight it all the way up? intermediate direction is clearly up get long or get out of the way Link to comment Share on other sites More sharing options...
Sudaca Posted November 10, 2005 Report Share Posted November 10, 2005 Yeah, four weeks, 60 SPX , 500 Dow, and 170 Nazcrap points later, there's a slight chance the direction may be up But we're still early Link to comment Share on other sites More sharing options...
Sudaca Posted November 10, 2005 Report Share Posted November 10, 2005 Link to comment Share on other sites More sharing options...
astral mike Posted November 10, 2005 Report Share Posted November 10, 2005 results of today's spx id turn calls. i made one call pre-market for a turn @ 10:00-10:30. i also gave an id turn call for the nasdaq @ 2:00-4:00, which was later narrowed to 3:00-3:30. we can't really comment about this second turn just yet, but it did seem to stop the market rally in its tracks. Link to comment Share on other sites More sharing options...
capitall Posted November 10, 2005 Report Share Posted November 10, 2005 results of today's spx id turn calls. i made one call pre-market for a turn @ 10:00-10:30. i also gave an id turn call for the nasdaq @ 2:00-4:00, which was later narrowed to 3:00-3:30. we can't really comment about this second turn just yet, but it did seem to stop the market rally in its tracks. <{POST_SNAPBACK}> Yes, just in case you left the other board before you received them, flowers to you, Astral, for your turns!! You even said the first one was almost certainly a turn upwards, which it certainly was! Link to comment Share on other sites More sharing options...
longOnUranus Posted November 10, 2005 Report Share Posted November 10, 2005 bearish sentiment remains high in IDS. still no higher high... 17 points intraday volatility was normal just a few weeks ago... re-entered SPX short at the close... and Tim and I are having a real good time in this here bunker... (Hell Bunker at St. Andrews...) Link to comment Share on other sites More sharing options...
Sudaca Posted November 10, 2005 Report Share Posted November 10, 2005 A/D line advancing.................. ....check McClellan Oscillators bullish...........check Summations rising from lows.........check Stock Scans bullish.......................check Bullish percent charts rising...........check P/C ratios at very high levels.........check Time cycles aligned to the upside....check Prices rising..................................check New Highs expanding.....................check New Lows falling............................check Bears still fighting the tape............check Until this changes, you know the drill... Link to comment Share on other sites More sharing options...
Hiding Bear Posted November 10, 2005 Report Share Posted November 10, 2005 It's been said that the Bernanke's Fed will be more open. Maybe more democratic and openly inflationary, but maybe less open - they are getting rid of the M3 money supply and figures on eurodollars. Discontinuance of M3 On March 23, 2006, the Board of Governors of the Federal Reserve System will cease publication of the M3 monetary aggregate. The Board will also cease publishing the following components: large-denomination time deposits, repurchase agreements (RPs), and Eurodollars. The Board will continue to publish institutional money market mutual funds as a memorandum item in this release. http://www.federalreserve.gov/releases/h6/discm3.htm Link to comment Share on other sites More sharing options...
Tchaikofsky Posted November 10, 2005 Report Share Posted November 10, 2005 Close: Finally, the market found a catalyst to help preserve the historical outperformance native to November, perhaps setting the market up for a third consecutive week of gains. Strangely, however, the broad-based rally that closed eight of ten sectors higher was ignited by... a strong bond auction? At 1:00 ET, the Treasury Dept. sold $13 bln in 10-year notes at a yield of 4.578% and, when indirect bidder participation (i.e. foreign central banks) checked in at a whopping 55.6% - more than twice this year's average of 25% - the 10-year (+18/32) continued to climb, eventually closing the yield at 4.56%. Since high interest rates have continued to be a restraint on the boost that better than expected corporate profits have awarded roughly two-thirds of the S&P 500, the pullback in borrowing costs spurred widespread buying efforts. To wit, the rate-sensitive Financial sector acted as the strongest source of support, as the AMEX Securities Broker/Dealer Index (XBD) closed at a new 52-week high. An afternoon turnaround in the influential Tech sector, which had served as the second largest drag on the market behind Energy, helped lift the Nasdaq into positive territory for good. Discouraging Q2 sales guidance from Cisco Systems (CSCO 17.15 -0.60) was eventually offset by strength in the semiconductor group, led by Intel's (INTC 25.24 +0.44) $25 bln buyback and 25% dividend increase, gains from leading software names and a late-day reversal in Dell (DELL 29.21 +0.19) ahead of its Q3 report. Health Care, Industrials, Consumer Discretionary, and Consumer Staples - in order of their influence on the S&P 500 - also gained at least 1.0% on the session. A 1.9% pullback in oil prices ($57.80/bbl -$1.13) was eventually embraced as more of a benefit, clearing... Link to comment Share on other sites More sharing options...
capitall Posted November 10, 2005 Report Share Posted November 10, 2005 Wndy, do you still have those palladium bars you bought a while back? Hope so. Smart move on your part-- even though it may not have seemed it at the time. Patience pays. The stuff is obviously in a bull market. A long string of up days. Link to comment Share on other sites More sharing options...
stoolbob-brownpants Posted November 10, 2005 Report Share Posted November 10, 2005 A/D line advancing.................. ....checkMcClellan Oscillators bullish...........check Summations rising from lows.........check Stock Scans bullish.......................check Bullish percent charts rising...........check P/C ratios at very high levels.........check Time cycles aligned to the upside....check Prices rising..................................check New Highs expanding.....................check New Lows falling............................check Bears still? fighting the tape............check Until this changes, you know the drill... <{POST_SNAPBACK}> I won't stand in front of this sideways candle. Link to comment Share on other sites More sharing options...
Sudaca Posted November 10, 2005 Report Share Posted November 10, 2005 It's been said that the Bernanke's Fed will be more open. Maybe more democratic and openly inflationary, but maybe less open - they are getting rid of the M3 money supply and figures on eurodollars. Discontinuance of M3 On March 23, 2006, the Board of Governors of the Federal Reserve System will cease publication of the M3 monetary aggregate. The Board will also cease publishing the following components: large-denomination time deposits, repurchase agreements (RPs), and Eurodollars. The Board will continue to publish institutional money market mutual funds as a memorandum item in this release. http://www.federalreserve.gov/releases/h6/discm3.htm <{POST_SNAPBACK}> That's unheard of... what could possibly be the rationale or excuse behind that? Link to comment Share on other sites More sharing options...
DrStool Posted November 10, 2005 Report Share Posted November 10, 2005 Jim Puplava was kind enough to interview me way back in March. That helped get the Wall Street Examiner off the ground. I think he has made a lot more good calls than bad ones along the way. It's ok to make fun of people who are public figures. I just wish that our friends were not the ones in the crosshairs. Financial Sense is a great, great website, and it has a wide variety of contributors who are very good anal cysts. By creating FSO, Jim Puplava has done all investors a service. He's not out there just parroting the Wall Street company line. I applaud critical, non-mainstream analysis, regardless of what the market is doing, because it forces us to think. I have nothing but the highest respect for Jim Puplava and the crew at FSO, and I am grateful to him for giving me the opportunity to reach a wider audience. Link to comment Share on other sites More sharing options...
DrStool Posted November 10, 2005 Report Share Posted November 10, 2005 Discontinuing publication of M3? That takes the cake. I suspect the St. Louis Fed will continue to publish their own version, as they do MZM, and Adjusted Monetary Base. In fact, I'd bet on it. Link to comment Share on other sites More sharing options...
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