Old Habits Posted March 14, 2003 Report Share Posted March 14, 2003 Darn right about the SOX at least for today Piles. I scammmed the puts on the SOX, QLGC, and MXIM for about a K. Not bad in a tough market. Who the heck knows what will happen next week. Guess it depends on the short term news. Good Luck to all. Link to comment Share on other sites More sharing options...
GregFokker Posted March 14, 2003 Report Share Posted March 14, 2003 If only there was a name for rising prices during a recession. Just catching up. Stagflation? Link to comment Share on other sites More sharing options...
PileDriver Posted March 14, 2003 Report Share Posted March 14, 2003 You nailed it right Rub. People (wild bulls) get what they deserve, not what they expect. As a bear I may be wrong in the near term but not in the long run. The truth catches up quickly. ANDW down 25% today still have it short Ka-ching. Link to comment Share on other sites More sharing options...
crooked_analyst Posted March 14, 2003 Report Share Posted March 14, 2003 Fuzzy Logic.....I'm still picking up the PM's. If there wasn't so much suppression by DaBoyz by way of shorting and such...and there wasn't accumulation going on by some of the Insti's...they would be pimping the crap out of em just to make ends meet.....T/A be damned on em 'cause they're a whole different breed....time will tell Link to comment Share on other sites More sharing options...
Guest Posted March 14, 2003 Report Share Posted March 14, 2003 Vesselin: I totally respect your work on the technical side...and read everything I could get my hands on the last few days re: the metals and the miners - including your comment on the mining stocks. I know that your wave analysis tells you that gold is in a long term down trend. If I were jumpy and trying to pick a turn/bottom, I'd have pulled the trigger on BGO, GFI, GG, GSS etc. today. I'm waiting for the 4-14 crossover to confirm the move, which I'm thinking we may see next week around Tuesday if my hunch is correct. I'm expecting mayhem and ugliness in the land of unintended consequences... but trying to be smart about it if it goes the other way. If we get a Saddam Surprise next week (and why wouldn't we?) the miners and metals might just take off. Nervously watching and learning...Plunger Link to comment Share on other sites More sharing options...
TheDeepBlueSea Posted March 14, 2003 Report Share Posted March 14, 2003 The good old days. That was from 3/2/03. Here's the same station from today 3/14/03. If only there was a name for rising prices during a recession. Stagflation. Link to comment Share on other sites More sharing options...
TheDeepBlueSea Posted March 14, 2003 Report Share Posted March 14, 2003 The good old days. If only there was a name for rising prices during a recession. Stagflation. Oops. I see GF beat me to it. Link to comment Share on other sites More sharing options...
Tig 'Ol Bitties Posted March 14, 2003 Report Share Posted March 14, 2003 One good indicator of investor sentiment, he said, is the ratio of the value of all shares, in dollars, compared to gross domestic product, the economic output of a nation. In August 1929, just before the October stock market crash, that value was 87 percent. In April 1942, it troughed at 19 percent. And as of the end of January, it was 89 percent. "That says to me that things aren't as bleak as maybe we think they are," Madden said. "This is bubble aftermath coupled with a high degree of geopolitical uncertainty, but it will pass." I THINK HE IS DRAWING THE WRONG CONCLUSION, SHOULDN'T HE CONCLUDE THAT STOCKS ARE NOW OVERVALUED??? Reuters article says stocks have bottomed shorty, That is the funniest thing I have read all day. Thanks for posting it. Im sure that will help people who can read, but lack the ability to comprehend, straight on the road to financial disaster. The fact that they would publish an article that lays out the fact that the market capitalization/GDP is higher now than it was at the peak of the bust of 1929 and title the article "Wall Street, small guy say it's time to buy stocks" gives me all the reason in the world to treat the downtrend as my wife and the occasional bounce as a mistress. Link to comment Share on other sites More sharing options...
Guest Posted March 14, 2003 Report Share Posted March 14, 2003 STAGFLATION: A Brief History Lesson Up until the 1970s, it was generally believed that recession and inflation could not occur at the same time. A slowing economy was supposed to bring stable prices, so inflation just could not be a problem when the economy slowed. That fact gave central bankers, such as the U.S. Federal Reserve, a sure-fire method for combating high inflation: just employ tight monetary policies until inflation was choked to death. The Oil Crisis of 1973 shattered that myth and resulted in a new word in financial circles: stagflation. The four-fold increase in oil prices imposed by OPEC in 1973-74 raised price levels throughout the economy while slowing economic growth at the same time. This left policymakers in a quandary. World central banks, worried about a severe economic slowdown, chose loose monetary policies and inflation took off. "The 1973 Arab oil embargo created a massive price rise and economic dislocation, from Tokyo to Paris to Chicago. The explosion in oil prices ushered in a decade of "stagflation" in which inflation soared while economies stagnated. By the end of the decade, the United States experienced double-digit unemployment, double-digit inflation and double-digit interest rates." The period 1973-74 saw the worst bear market in stocks since the Great Depression. The Dow fell 45%. The price of gold in London increased from $66/ounce to $186.50/ounce- an increase of 282% in less than 2 years Found here: http://www.gold-eagle.com/editorials_00/bl...hard123000.html Link to comment Share on other sites More sharing options...
phatbubble Posted March 14, 2003 Report Share Posted March 14, 2003 so, is doji pronounced "dodgy" or "d'oh! gee"? Link to comment Share on other sites More sharing options...
MyGoldenStool Posted March 14, 2003 Report Share Posted March 14, 2003 How about this one Yari.Gouging Gouging? Then what do you call paying 99 cents for a 2-liter bottle of sugared water? Even at $5/gal, it's probably still the biggest bargain of all time! Link to comment Share on other sites More sharing options...
GregFokker Posted March 14, 2003 Report Share Posted March 14, 2003 so, is doji pronounced "dodgy" or "d'oh! gee"? That'd be "Doh! Gee..", which is also pretty much what it means :wink2: Link to comment Share on other sites More sharing options...
Guest Posted March 14, 2003 Report Share Posted March 14, 2003 How about this one Yari.Gouging Gouging? Then what do you call paying 99 cents for a 2-liter bottle of sugared water? Even at $5/gal, it's probably still the biggest bargain of all time! Yea, but have you ever drank gasoline? Ecchh! (One does get an interesting buzz though.) Link to comment Share on other sites More sharing options...
Guest Posted March 14, 2003 Report Share Posted March 14, 2003 I know that your wave analysis tells you that gold is in a long term down trend. Oh, I'm no e-wave expert (e-xpert?). The bearish e-wave count on gold is something I, unlike many gold bugs, simply refuse to reject out of hand; it is not something I live by. I have yet to be convinced that the bull market in gold has ended. A POG drop below 306 would do it, though - and below 325 I'll start getting serious doubts. Regards, Vesselin Link to comment Share on other sites More sharing options...
GregFokker Posted March 15, 2003 Report Share Posted March 15, 2003 25.81 QQQ in afterhours? What gives? Link to comment Share on other sites More sharing options...
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