wndysrf Posted September 17, 2003 Report Share Posted September 17, 2003 SPECIAL NOTICE: Attempting to organize a SACKASS (Southern and Central Kalifornia Association of Short Sellers) meeting at the Twin Palms in Newport Beach, the epicenter of Consumerism Excess, and the Epicenter of Supermodel Exotica. Everyone e-mail me at [email protected] with an e-mail titled ?SOX Screamers? for suggestions on a date or preferred day of the week. ???????????????????????. As usual, Foreign Matrix Agents continue to be enlisted to prop up the U.S. Peso and the T-Bone market. Whatever it takes to keep the real estate market going: From Barfing.com: 12:46PM Bond Market Update : Treasuries trading at new highs for the day, with the ten-year note presently up 19/32nd's in price and yielding 4.20%. The story of the day has been supply, with a number of corporate and agency issuers stepping up to the plate to offer paper at yields sharply lower than those seen just a couple weeks ago. Importantly, investors have been proving themselves more than willing - and more than able - to digest all this new spread product and still nudge Treasury yields lower as well. Another story: Hearing talk of the Bank of Japan trying to "control" today's climb in the yen against the greenback (now below 116 yen/dollar) by buying dollars and investing them in Treasuries - offering further support to Treasuries today. 1:45PM Economic Preview - Treasury Budget Statement : The August Treasury Budget Statement is scheduled to be released today @ 14:00 ET. Consensus expectations are for the deficit to have widened to $78.0B during the month, from $54.7B in July. This is a relatively minor report and receives very little market attention, except in April given the tax inflows into the Treasury. Further, these monthly data allegedly can be predicted with a reasonable degree of accuracy by using the data provided in the Daily Treasury Statement. Presently, Treasuries are trading at their highs for the day, being supported - at least in part - by apparent intervention by the Bank of Japan in an effort to manage the ascent of the yen vis-?-vis the dollar. Unfortunately, all propping trades made in the last 30 days are now in a losing position as of the close, after the dollar collapsed today to new lows for the move. The BOJ is unconcerned, since they are emboldened by their success in melting up the bank stocks and bouncing the Nikkei from its April lows. Why shouldn?t this effort be any different. ........................................... Interesting that there are still no shares available to short on the SMH by most brokers. Note that AMAT is rolling, but its not falling off a cliff on huge volume. I say this is another bear trap, unless we get some severe acceleration soon. Quarter end markup coming soon..... Also watching daytime soap actresses like BRKS, TER, AEIS, AMKR, and the like for clues of another extensive depression crash and a cab ride back to rehab. But so far, HedgeHogs trying to short this sector is no different than Casting Agents dispensing Cocaine Speedballs to these Supermodels to "keep hope alive" that a ?leading role? is forthcoming, provided that the obligatory ?services? are gladly performed at the next Summit Ridge Canyon party. . Only when the Speedballs run out and the HedgeHogs close out their SMH shorts can we expect any crash out. Simultaneously, these Supermodels will have to ?disappoint? in the near future by not performing their expected services, causing the Directors, Producers, and Casting Agents to drop kick them to the curb. Otherwise, HeatMappers, Gamers, Action Junkies, and Riverboaters continue to chase the Speedball stocks which are moving up the fastest, or chasing the girls with the lowest self esteem. Like Sirius Satellite (SIRI). Over 90 million shares traded today. Link to comment Share on other sites More sharing options...
mjkst27 Posted September 17, 2003 Report Share Posted September 17, 2003 Cruz Bustamante just felt like saying that Link to comment Share on other sites More sharing options...
machinehead Posted September 17, 2003 Report Share Posted September 17, 2003 Upside resistance was tested today -- twice -- and held. VIX ended up below 20 for a second day. Cautiously pessimistic. Link to comment Share on other sites More sharing options...
DrStool Posted September 17, 2003 Report Share Posted September 17, 2003 PLOP Your Closing Anals Intraday are now posted. Take a subscribatory, open it and download it RIGHT NOW, along with everything else in your Anals! Buck Falls on Drop in Long Bong Yield Uncle Buck and the Long Bong Hit, including short and long term updated charts and price targets, is now loaded. Yields are high, and Uncle Buck is too. Take a subscribatory and get the latest whiff of the of the Long Bong Hit and Uncle Buck in the Anals RIGHT NOW! Link to comment Share on other sites More sharing options...
BartTheBear Posted September 17, 2003 Report Share Posted September 17, 2003 Cruz Bustamante just felt like saying that Joey Buttafuco. Link to comment Share on other sites More sharing options...
BarBu Posted September 17, 2003 Report Share Posted September 17, 2003 The chief executive of chip maker National Semiconductor Corp. said on Wednesday he remains hesitant to say his battered industry has recovered from its long slump but noted that customers are placing orders at a "healthy" pace. http://biz.yahoo.com/rc/030917/tech_natsem...mi_halla_1.html The chief executive and founder of Taiwan Semiconductor Manufacturing, Morris Chang He still thinks the business works in the five-year cycles that have punctuated the chip industry for 40 years. While the 1980s saw a glut of manufacturing capacity from Japan and the 1990s saw it again from South Korea and Taiwan, the next capacity recession will likely hit by 2005 and come from China, Chang says. But before that happens, enjoy the recovery. Chang expects this year's chip sales to grow 11% over 2002. And sales in 2004 should grow 17% above 2003. Thankfully, the 2005 slowdown will not be nearly as severe as the one that began in 2000. "That was a catastrophe," says Chang. A catastrophe that, thankfully, is in the past http://www.forbes.com/2003/09/16/cz_eb_091...yahoo&referrer= (logout) Link to comment Share on other sites More sharing options...
Sphinxter Posted September 17, 2003 Report Share Posted September 17, 2003 Gold and silver both up nicely inthe afterhours market. G = 376.5 S = $5.28 (soon to retest its recent highs?) I'm beginning to feel the faith that the shorts are losing this battle. Couldn't happen to a nicer bunch of wanks. Link to comment Share on other sites More sharing options...
crooked_analyst Posted September 17, 2003 Report Share Posted September 17, 2003 Anybody else wonder if the flight to the Bonds is a sure sign of Grasso's departure? Link to comment Share on other sites More sharing options...
DrStool Posted September 17, 2003 Report Share Posted September 17, 2003 I was looking at the satellite loop here, and if you watch the eye, it's moving almost due north. It's going to have to turn left soon to follow the forecast track, otherwise it's headed for a direct hit on NYC. Link to comment Share on other sites More sharing options...
crooked_analyst Posted September 17, 2003 Report Share Posted September 17, 2003 Cruz Bustamante just felt like saying that Joey Buttafuco. WAYNE BOBBIT Link to comment Share on other sites More sharing options...
Guest Posted September 17, 2003 Report Share Posted September 17, 2003 Cruz Bustamante just felt like saying that Joey Buttafuco. Dick Grasso Link to comment Share on other sites More sharing options...
rog Posted September 17, 2003 Report Share Posted September 17, 2003 SBL still halted for news. Link to comment Share on other sites More sharing options...
soup Posted September 17, 2003 Report Share Posted September 17, 2003 I am nit sure cueball is that big of a deal. THe whole specialist system is corrupt; and what does cueball do anyway? Besides ring the bell? Link to comment Share on other sites More sharing options...
crooked_analyst Posted September 17, 2003 Report Share Posted September 17, 2003 I am nit sure cueball is that big of a deal. THe whole specialist system is corrupt; and what does cueball do anyway? Besides ring the bell? $5,600,000.00 Weekly to ring a bell ain't bad if you can find the work... Link to comment Share on other sites More sharing options...
Guest Posted September 17, 2003 Report Share Posted September 17, 2003 silicon valley residential rentals are seeing price declines, and people are starting to notice. Full Story Here "In Santa Clara County, the average rent for a two-bedroom, one-bathroom apartment dipped as low as $1,300 this summer, about $600 below the highs of late 2000 and early 2001, according to RealFacts, a Novato company that reports on rent and vacancy rates in the Bay Area. Also this summer, the vacancy rate in the county soared to about 6.8 percent -- compared with 1.3 percent three years ago. Faced with renters willing and able to shop around, many small landlords are feeling the financial squeeze. ``They are being forced to make a decision to hang in there or drop the rent,'' said Carl San Miguel, owner of Highland Properties, a Campbell management company that specializes in the small landlord market. ``When they drop out of the market, you lose a special inventory.'' Katie and Tom Zazueta recently faced that dilemma. They sold their Saratoga rental home last year -- their only investment property -- after a tenant requested a $500 rent reduction, which would have made the rent less than their mortgage payment. ``We weren't willing to do that,'' Katie Zazueta said. The couple, in their mid-30s, believe real estate will someday be their best shot at a comfortable retirement." Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.