trinharder Posted June 7, 2004 Report Share Posted June 7, 2004 I'm seeing simalarities between today and Friday morning, that is, as the market moves higher the size on the ask on the majority of stocks I'm watching continues to be well in excess of the bid size. Who knows where the buying is coming from, short covering or momentum players, but it still looks like distribution going on to me. Link to comment Share on other sites More sharing options...
Drano Posted June 7, 2004 Report Share Posted June 7, 2004 OFF TOPIC Attention THE END Today is Prince's birthday. We now resume our regularly scheduled program buying. Link to comment Share on other sites More sharing options...
Hiding Bear Posted June 7, 2004 Author Report Share Posted June 7, 2004 A week-long Republican love fest that totally changes the subject and takes the heat off the present administration's lies? Closing the Government on Friday (and presumeably the markets as well?) to engage in the Government Mandated National Day Of Mourning to honor a former President's passing? Has this occurred in the past on the death (by natural causes) of a former President? Will this occur in the future when Carter dies? Is the Government being used in a political way, just prior to elections? Would criticism of this week-long Republican propoganda coup, supported by taxpayer dollars, be perceived as unAmerican? What is the cost of this decision? Yes it is typical that a national day of mourning be declared when a pResident passes on. However Nixon was not accorded the same level of pomp and circumstance, maybe because of his inglorious downfall from office. Yes it is fortunate for GWB at this time, and yes it would not be a good week to mention that interest rates reached their peak during the Reagan years - as the bond market choked on high budget deficits. Link to comment Share on other sites More sharing options...
DrStool Posted June 7, 2004 Report Share Posted June 7, 2004 Massive Feed Blast Fed Fights Credit Bubble Contraction Be sure not to miss this weekend's Fed Releases update. Scroll down the page to Fed Releases. Fed Update is now posted! Know what Al and his crew are up to, and how it's likely to affect the markets. Take a subscribatory and download your daily Fed Report. 30 Day Intro Subscribatory. Just $16.99! Get In RIGHT NOW! Link to comment Share on other sites More sharing options...
Guest Posted June 7, 2004 Report Share Posted June 7, 2004 2 AP Breaking items stale Judge Puts off First Enron Trial By Kristen Hays The Associated Press Published: Jun 7, 2004 HOUSTON (AP) - A federal judge on Monday postponed the first Enron Corp. criminal trial until August after lawyers informed him the proceedings will last beyond the scheduled time period. U.S. District Judge Ewing Werlein indicated that it was likely the trial, set to begin Monday with jury selection, would have been interrupted for several weeks. He didn't specify why, although he has noted he has a vacation scheduled to start July 12. http://ap.tbo.com/ap/breaking/MGBHR0GS6VD.html WASHINGTON (AP) - The Supreme Court said Monday it would consider whether people facing bankruptcy can prevent certain retirement savings from being used to pay their debts. Bankruptcy law protects payments from a person's pensions and annuities, but does not mention Individual Retirement Accounts, which are at issue in a case involving an Arkansas couple. http://ap.tbo.com/ap/breaking/MGBCRHZO6VD.html Link to comment Share on other sites More sharing options...
brian4 Posted June 7, 2004 Report Share Posted June 7, 2004 Window now closing-finally a turn came our way-the question is with the natural pressure off-can they take it back up-the pig flies alone for awhile. Link to comment Share on other sites More sharing options...
rog Posted June 7, 2004 Report Share Posted June 7, 2004 Blue horse shoe loves 10yr T-bones. That seems unusual, at the very least, if the market is about to break out to the upside. Link to comment Share on other sites More sharing options...
Darkdoc Posted June 7, 2004 Report Share Posted June 7, 2004 This is maybe not a good time to be short. BDK, you've been pretty right about this. NYSE member buying of stacks is going through the roof - these guys aren't distributing, they are accumulating at his time. How long will it last?? Link to comment Share on other sites More sharing options...
Darkdoc Posted June 7, 2004 Report Share Posted June 7, 2004 In bears favor is smart money flow is not supporting higher price in Dow. I am still waiting to see what this means in the intermediate and short term. Link to comment Share on other sites More sharing options...
brian4 Posted June 7, 2004 Report Share Posted June 7, 2004 opening as we speak for 75 minutes-Helmets on, Buckle up! Link to comment Share on other sites More sharing options...
Optical Rectitus Posted June 7, 2004 Report Share Posted June 7, 2004 In re Pres Reagan and interest rates. He was inaugerated 20 Jan 81. 30 year rates were 12.25, approx. Peaked in Oct 1981 at 15.05 (weekly), altho I remember higher rates that month. When Bush 41 was inaugerated 20 Jan 89 30 year rates were just under 9 per cent. Hope this helps OR Link to comment Share on other sites More sharing options...
Optical Rectitus Posted June 7, 2004 Report Share Posted June 7, 2004 btw, free reserves were negative during that period-deficit peaked later Link to comment Share on other sites More sharing options...
brian4 Posted June 7, 2004 Report Share Posted June 7, 2004 If we don't get a close below or at 1127-then its time to nibble on the Dark side! If we can break 1132.50 we have a shot! Link to comment Share on other sites More sharing options...
soup Posted June 7, 2004 Report Share Posted June 7, 2004 OR: Pretty sure free reserves have never ( ohter than a statistical fluke or odd week) been negative under the great statist greensum's reign. Can you confirm? Link to comment Share on other sites More sharing options...
brian4 Posted June 7, 2004 Report Share Posted June 7, 2004 Window is now closed-again it went against us. Next one is 10 minutes away and runs to the Bell May the force be with the Bears. Link to comment Share on other sites More sharing options...
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