patents Posted October 5, 2007 Report Share Posted October 5, 2007 please see my new avataar 612883[/snapback] One can grow plants up to the sky with that stuff. Link to comment Share on other sites More sharing options...
patents Posted October 5, 2007 Report Share Posted October 5, 2007 *DJ Bush: Job Data Show Economy `Vibrant And Strong' the data and reality are not the same...story of his presidency 612894[/snapback] For a strong 30 percent of this country, what he says IS reality. Link to comment Share on other sites More sharing options...
potatohead Posted October 5, 2007 Report Share Posted October 5, 2007 DJ Bush: US Detention, Interrogation Policies Successful, Lawful WASHINGTON (AP)--President George W. Bush defended his administration's detention and interrogation policies for terrorism suspects on Friday, saying they are both successful and lawful. "When we find somebody who may have information regarding an attack on America, you bet we're going to detain them, and you bet we're going to question them," he said during a hastily called appearance in the Oval Office. "The American people expect us to find out information, actionable intelligence so we can help protect them. That's our job." Bush was referring to a report on two secret memos in 2005 that authorized extreme interrogation tactics against terror suspects. "This government does not torture," the president said. "This government does not torture," what he should of said was READ MY LIPS, This government does not torture Link to comment Share on other sites More sharing options...
dogsie Posted October 5, 2007 Report Share Posted October 5, 2007 Looony approaches new ATH as gov't reports an astounding 51k new jobs created. That would be an equivalent in the US of 500k Link to comment Share on other sites More sharing options...
DrStool Posted October 5, 2007 Report Share Posted October 5, 2007 NY Comp pulling away from 10K......a hair away from all time high..... Back to lurker bull mode.... 612893[/snapback] K- We want to hear from you either way! Bull or bear, regardless! In the immortal ancient words of Bud Light-- We LOVE you MAN! Link to comment Share on other sites More sharing options...
potatohead Posted October 5, 2007 Report Share Posted October 5, 2007 This one is for DOC DJ Fed Steers Clear Of Repo Operations Friday NEW YORK (Dow Jones)--The Federal Reserve held back from carrying out a repurchase agreement, or repo, operation Friday by its scheduled intervention time of 9:30 a.m. EDT (1330 GMT). The Fed's decision not to add liquidity comes with the Fed funds rate close to its target rate of 4.75%. The Fed had been expected to execute a modest weekend repo, according to Wrightson ICAP. They warned that if a repo operation was not carried out Friday, "the cumulative effect of the reserve deficit over the next four days will likely result in significant upward pressure" on the Fed funds rate next week. There was no comment from the New York Fed. The Fed injected $28 billion in two repo operations Thursday, which was slightly less than expected. While the Fed's liquidity injections were sizable during the first weeks of the credit crunch, the Fed has taken a more hands-off approach over the last couple of weeks. anal cysts say the Fed has been less generous in supplying liquidity in a bid to prevent the Fed funds rate from continuing to collapse far below the target rate. Link to comment Share on other sites More sharing options...
DrStool Posted October 5, 2007 Report Share Posted October 5, 2007 I tried to use the EFTPS system to pay taxes. The first time it went to the wrong account and the payment bounced. The second time, using the phone system, it didn't register at all. Finally, this time I think it went through. Sometimes I think it would just be easier not to pay taxes at all. :lol: Link to comment Share on other sites More sharing options...
LeeWhee Posted October 5, 2007 Report Share Posted October 5, 2007 Q-balls gapped back onto the ledge this ayem. 52.50-52.70 could git 'er dun. Feels like 2002 in reverse. 612882[/snapback] Tech bull euphoria seems to be breaking out also. You planning on shorting this Lee? 612892[/snapback] Even before the markit dumped in Jul/Aug, I felt the techs (and Q's) had higher I/T targets to hit. Once it became clear that we weren't going to get the 1998-style selloff continuation into Sept/Oct, I figured the Q's would ramp to minor higher highs in the first two weeks of Oct. So here we are. The hottest sectoids right now are techs and China. The Q's have now met or slightly exceeded my I/T target. And they are historically doverbought on all time frames. The only time the Q's have been able to move higher under these conditions was in late 1999. Every other time, circumstances like this have resolved in a selloff. As far as China goes, i've been looking at the historical P/E of the Hang Seng which just closed Sept over 20x. That's the first time since Jan 2004. Prior to that, the Hanger got over 20x in April 1999, Aug 1997, Dec 1993, Jul 1987, Jul 1981, Dec 1980 and Jan 1974. In every case, the Hanger was unable to gain more than 2-5% more before a strong selloff set in. The only occurrence which resulted in a sideways consolidation (as opposed to a crash or strong decline) was Apr99-Mar00. But even then, the Hang lost 13% in short order and traded in a subsequent range for 6 months. So unless "this time is different" for both techs and China, the two hotsiest-totsiest sectoids are about done for now. Link to comment Share on other sites More sharing options...
DrStool Posted October 5, 2007 Report Share Posted October 5, 2007 qqqq just nicked the target. Link to comment Share on other sites More sharing options...
Speakeasy Posted October 5, 2007 Report Share Posted October 5, 2007 Key reversal day on equities? Link to comment Share on other sites More sharing options...
Drano Posted October 5, 2007 Report Share Posted October 5, 2007 WM up on news that their 3rd quarter earnings will suck. Glad I got out of that short profitably, quite a while back. *shudder* Link to comment Share on other sites More sharing options...
linrom Posted October 5, 2007 Report Share Posted October 5, 2007 now looking at a 3 day cycle projection around 1557. 612866[/snapback] Pretty soon the "Fed isn't cut rates anymore" crowd will be out and maybe that will throw water on this rally! 612871[/snapback] Just curious as to what load of dung reason Bill Gross & Jim Cramer could give for another rate cut? 612879[/snapback] please see my new avataar 612883[/snapback] That's Bernanke trying to hide his own chit. Link to comment Share on other sites More sharing options...
DrStool Posted October 5, 2007 Report Share Posted October 5, 2007 This one is for DOC DJ Fed Steers Clear Of Repo Operations Friday NEW YORK (Dow Jones)--The Federal Reserve held back from carrying out a repurchase agreement, or repo, operation Friday by its scheduled intervention time of 9:30 a.m. EDT (1330 GMT). The Fed's decision not to add liquidity comes with the Fed funds rate close to its target rate of 4.75%. The Fed had been expected to execute a modest weekend repo, according to Wrightson ICAP. They warned that if a repo operation was not carried out Friday, "the cumulative effect of the reserve deficit over the next four days will likely result in significant upward pressure" on the Fed funds rate next week. There was no comment from the New York Fed. The Fed injected $28 billion in two repo operations Thursday, which was slightly less than expected. While the Fed's liquidity injections were sizable during the first weeks of the credit crunch, the Fed has taken a more hands-off approach over the last couple of weeks. anal cysts say the Fed has been less generous in supplying liquidity in a bid to prevent the Fed funds rate from continuing to collapse far below the target rate. 612903[/snapback] Interesting slant. Factually, some errors, as usual because the Fed NEVER injected net liquidity during the initial phase of the crisis until mid September, which they have since drained out completely. They also have no clue why there has been excess liquidity over the past couple of weeks and why the Fed has been draining. Wall Street Examiner Professional Edition subscribers, on the other hand, know why. So, if you want half assed, misleading info, read the Joneses. If you want real time insights, read the WSE Pro. Link to comment Share on other sites More sharing options...
DrStool Posted October 5, 2007 Report Share Posted October 5, 2007 LeeWhee- "doverbought" :lol: Link to comment Share on other sites More sharing options...
LeeWhee Posted October 5, 2007 Report Share Posted October 5, 2007 Pulled da trigga and bought some QID near this ayem's low (37.56). This is the 2x inverse Q-ball. First time I've shorted the Q's this year. Think the crooks might continue decorating the cake next week. But in case they don't, thought I'd get a head start on the festivities. QID now off exactly 50% since last summer's (2006) highs. Link to comment Share on other sites More sharing options...
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