Guest Posted March 10, 2003 Report Share Posted March 10, 2003 NASA, Bruce Balick University of Washingtom, Vincent Icke Leiden The end of a Sun-like star's life was once thought to be simple: the star gracefully casts off a shell of glowing gas and then settles into a long retirement as a burned-out white dwarf. Now, a dazzling collection of detailed views from the Hubble telescope reveals surprisingly intricate, glowing patterns spun into space by aging stars: pinwheels, lawn sprinkler-style jets, elegant goblet shapes, and even some that look like a rocket engine's exhaust. In this picture of M2-9, twin lobes of material emanate from a central, dying star. Astronomers have dubbed this object the "Twin Jet Nebula" because of the shape of the lobes. If the nebula is sliced across the star, each side appears much like a pair of exhausts from jet engines. Indeed, because of the nebula's shape and the measured velocity of the gas, in excess of 200 miles per second, astronomers believe that the description as a super-super-sonic jet exhaust is quite apt. Ground-based studies have shown that the nebula's size increases with time, suggesting that the stellar outburst that formed the lobes occurred just 1,200 years ago. And two of our members have been with us exactly one year today: Happy Anniversary, alborz. Happy Anniversary, milt. Link to comment Share on other sites More sharing options...
EasyAl Posted March 10, 2003 Report Share Posted March 10, 2003 Let's remember that today is also the third anniversary for the bursting of the Nasdaq bubble. It was on March 10, 2000, that the Nasdaq composite index hit a peak of 5,048.62. Here is a chart from New York Times that illustrates the world wide damages that the bear has bought. Link to comment Share on other sites More sharing options...
Sphinxter Posted March 10, 2003 Report Share Posted March 10, 2003 REUTERS Economists Chop U.S. 2003 GDP Forecast Mon March 10, 2003 12:04 AM ET The Blue Chip Economic Indicators panel of forecasters said it expected U.S. gross domestic product to expand at a rate of 2.6 percent in 2003. The prediction, made at the beginning of March, was down from a rate of 2.7 percent projected in February and 2.8 percent forecast in January. The reduction was based on the belief that economic growth in the first half of the year would be weak, given signals that Washington is poised to go to war with Iraq. Other factors, such as snowstorms on the East Coast, have also depressed growth during the early part of the year. It's the war! No it's the snow! For those keeping score at home, it's now: Reality: 15 Economists 0 Link to comment Share on other sites More sharing options...
wrecked him Posted March 10, 2003 Report Share Posted March 10, 2003 As noted by Wndysrf last night. Fairfield, Connecticut, March 10 (Bloomberg) -- General Electric Co. said Friday in its annual report that its post- retirement benefit plans contributed $806 million pretax to earnings in 2002. Investors had to read a footnote 37 pages later to learn that GE's pension plan actually lost $5.25 billion, equal to 29 percent of the company's pretax earnings. The world's second largest company by market value, after Microsoft Corp., followed accounting rules in reporting positive pension earnings. It used an expected rate of return -- an estimated gain of 8.5 percent -- on its income statement, rather than the actual return, which was a loss of 11.67 percent. Regards WH Link to comment Share on other sites More sharing options...
Oyster Posted March 10, 2003 Report Share Posted March 10, 2003 Moving into today with no change on positions shorts.....Overnight scalp shorts I covered 50% this morning on bloob on the Weekly ND line and small 61.8%.....this gives me allowance to have stops on remainder 50% of overnight shorts for no cost today.....I like resistance at 830 area from Friday.......patten is high morning 1000-1030.....and low afternoon 1330-1430 with stuff in middle.....watch the morning highs as reference for afternoon...My gut is bearish slant today....but that would be on the basis morning highs hold and under Friday's highs.....No sign position lows are in on this move particularly with the failure to make a KEY reversal last friday......78t remaind Head and Shoulder targets....anything under and I will be on alert into capitulation....Holding market up could mean medium term cycles 'flip' here (become highs not lows) and would just make things even worse for bulls......better to have some kind of capitulation....but hey...I don't tell the market...the market tells us!.....Good trading stoolies......1st and last LONG post from me today Link to comment Share on other sites More sharing options...
chibear Posted March 10, 2003 Report Share Posted March 10, 2003 Thanks, Glad. Your opening picture almost reminds one of Kubrick's "baby capsule" from 2001. It's inspirational. I have a Hubble photo as my wallpaper. The views are so incredible that it's hard to believe they could be real. Link to comment Share on other sites More sharing options...
Oyster Posted March 10, 2003 Report Share Posted March 10, 2003 last post 78t = 785...sorry...typos Link to comment Share on other sites More sharing options...
DrStool Posted March 10, 2003 Report Share Posted March 10, 2003 Doug Noland talks about the credit bubble, and its end. His post is about the eighth one down. It was posted this weekend. If you didn't hear it, by all means, don't miss it. (Audio) For those of you who are new around here, Doug Noland is the brilliant anal cyst and esteemed writer of the Credit Bubble Bulletin, which is required weekly reading for Stoolies. No one has sounded the alarm bells of the approaching financial Armageddon, better, or longer. (Well, except maybe for our very own Hypertiger.) Link to comment Share on other sites More sharing options...
DrStool Posted March 10, 2003 Report Share Posted March 10, 2003 I also want to call your attention to The True Employment Picture. Link to comment Share on other sites More sharing options...
DrStool Posted March 10, 2003 Report Share Posted March 10, 2003 Suctors and Stoolwethers. Is AMZN finally ready to let go? Judge for yourself. Link to comment Share on other sites More sharing options...
DrStool Posted March 10, 2003 Report Share Posted March 10, 2003 It's 8:23 AM. Do you know where your donut is? Link to comment Share on other sites More sharing options...
DrStool Posted March 10, 2003 Report Share Posted March 10, 2003 Uncle Buck don't look so hot. Link to comment Share on other sites More sharing options...
depends Posted March 10, 2003 Report Share Posted March 10, 2003 Just read the kKD remarks - crap - I have a short on it! Shorted it after my wife got me a coffee there that tasted like a toxic chemical. Butt since you guys like it I'll take that as contrarian and stick wit it for a bit. Link to comment Share on other sites More sharing options...
DrStool Posted March 10, 2003 Report Share Posted March 10, 2003 Fucutures just pooped. Link to comment Share on other sites More sharing options...
Ned38 Posted March 10, 2003 Report Share Posted March 10, 2003 "Fucutures just pooped" Wammer Jammers oversleep????? Link to comment Share on other sites More sharing options...
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