Guest Posted February 21, 2003 Report Share Posted February 21, 2003 Fart, good thought but I have to agree with oilman & B4, its toooooo late.. Just an aside on mkt action: we've done an intraday bounce, looks like we might close flat or near. There seems to be sudden enthusiasm for the banks for some obscure reason and they have a heavy weighting in the index. Doesn't change my bearish thoughts one bit tho... Link to comment Share on other sites More sharing options...
mksloth Posted February 21, 2003 Report Share Posted February 21, 2003 TheEnd, was listening to Bloomberg "On the Money" earlier this evening. And Charlie Pellett (sp?) had somebody by the name of George Kuhn (sp?) on as a guest. This guy is some sort of broker/planner/anal cyst out of Bucks County, PA. Didn't have a website or phone number and explicitly stated that he was not on the show to pitch anything. Very straightforward sounding guy and he said that he's been net short for the past few years. He ripped a new orifice out of the wall street shills - talked of how they showed fear at previous bottoms by allocating only 50% to stocks, and how, they're sliding down the "slope of hope" with stock allocations still averaging 65%. Very refreshing, to say the least. Also, many of the callers seemed to have reached the recognition phase - one guy talking of stagflation, another talking of selling the rallies, etc. And of course, I caught some of JJC's radio show as well - amazing. Now I am really convinced he's god - after all he says he was the fastest gun on Wall Street... I was a little worried when he advised a caller to sell OVER - a stock I've been short a long time... Link to comment Share on other sites More sharing options...
Drano Posted February 21, 2003 Report Share Posted February 21, 2003 When I came back to the board this evening, it didn't log me in automatically or remember my preferences (I usually don't have it show avatars or signature lines for a faster refresh). Anyone else have this same weirdness? Link to comment Share on other sites More sharing options...
The End Posted February 21, 2003 Report Share Posted February 21, 2003 Mksloth, See, there are a few of us. :grin: Remember the 80/20 rule. Drano, nope, however, i never log off to THIS site. :wink2: Link to comment Share on other sites More sharing options...
Charliss Posted February 21, 2003 Report Share Posted February 21, 2003 From the UK Sun (British tabloid) distributed for free in Paris yesterday... We also think in Britain that you in France have forgotten how much you owe to other nations, particularly America and Britain, for coming to your aid in two world wars. You were glad enough to welcome the Americans when Hitler ruled France. But now you sneer at the American people and their president, and forget how the war cemeteries of France are packed with American and British soldiers and sailors and airmen who laid down their lives so France could be free. Today, the Americans - backed by other European nations braver than France - are preparing again to rid the world of a tyrant. On behalf of our ten million readers, we say to you today: Are you not ashamed of your president? More here if anyone is interested.... Squirm, worm! Here's another view- Yes, the United States and Great Britain did something right in coming to the aid of France in two world wars. However, why should France now be obligated to support them in what it believes to be wrong. Furthermore, what makes these instances similar? And what is it that makes bravery the issue? Someone scares a thief away from my house. Does my gratitude require that I now help him rob my neighbor in order to make my gratitude real? Link to comment Share on other sites More sharing options...
The End Posted February 21, 2003 Report Share Posted February 21, 2003 Where the heck is prztl? Link to comment Share on other sites More sharing options...
mjkst27 Posted February 21, 2003 Report Share Posted February 21, 2003 OK, let's say inflation takes root in the good old US of A. Do we really think that the 24% idle manufacturing capacity is just going to stay idle? or is it going to be put to work to compete-down any strength in pricing? Kind of like when you get your rear-wheel drive stuck in the snow. Every time you think you got the sucker free you slide back into the muck. Seriously, wasn't that big jump almost entirely attributable to oil prices? This is good for the economy? Link to comment Share on other sites More sharing options...
sweefraapp Posted February 21, 2003 Report Share Posted February 21, 2003 Market volume Market Status (2/20/2003) : Today the Nasdaq 100 and S&P 500 indexes moved slightly lower today, despite the supportive volume we have been seeing to the downside. Today as the indexes declined there were two moderately large supportive VMA spikes to the downside, and due to these VMA spikes we believe that the market will move slightly higher in the short-term. We are expecting the end of this correction to the upside soon (beginning of next week after tomorrow's options expiry). Next week we expect the market to continue moving in its current downtrend as any supportive volume that we have seen is not nearly enough to change the market's long-term downtrend. Link to comment Share on other sites More sharing options...
The End Posted February 21, 2003 Report Share Posted February 21, 2003 There you are my freind. Tanks sweef. My male nipples are in delight seeing you here as well. Link to comment Share on other sites More sharing options...
Pretzel Logic Posted February 21, 2003 Report Share Posted February 21, 2003 Where the heck is prztl? I was away... just finished catching up on posts. Speaking of, check your PM's. Link to comment Share on other sites More sharing options...
Oilman Posted February 21, 2003 Report Share Posted February 21, 2003 Remember inflation and deflation can exist at the same time. Oilman Link to comment Share on other sites More sharing options...
richmtn Posted February 21, 2003 Report Share Posted February 21, 2003 The miners could bounce up for a few days right here. 8 day cycle. This should be an harmonic of the 81 day primary gold cycle I follow. Here is a 13 day cycle ready to turn up. Link to comment Share on other sites More sharing options...
Tig 'Ol Bitties Posted February 21, 2003 Report Share Posted February 21, 2003 OK, let's say inflation takes root in the good old US of A. Do we really think that the 24% idle manufacturing capacity is just going to stay idle? or is it going to be put to work to compete-down any strength in pricing? Kind of like when you get your rear-wheel drive stuck in the snow. Every time you think you got the sucker free you slide back into the muck. Seriously, wasn't that big jump almost entirely attributable to oil prices? This is good for the economy? mjkst27, Here is the report in its entirety. You are correct that most of the increase was due to energy prices, but there were certainly other factors contributing to the rise which looked downright inflationary. Producer Price Index News Release text When you talk about unused capacity, you arent talking about inflation in commodity prices. If it cost $100 to buy before and now it costs $110, while your input costs rise from $80 to $90 you arent making any more than the $20 profit. Also, if the demand is not there to increase what is currently being produced at these prices, you certainly wouldnt ratchet up production when input prices are higher. Link to comment Share on other sites More sharing options...
Pretzel Logic Posted February 21, 2003 Report Share Posted February 21, 2003 You know, I just realized that this board is REALLY long-term bearish. What's up with that? Don't you guys realize that stocks are under-valued; that now is the time to buy; that stocks always go up in the long term? Kudlow and Cramer are veritable gods. I think we should all listen to everything they say. For example, did you know that, in the long term, stocks out-perform the next best investment by a margin of 18 Gazillion percent? Before shorting another stock, every one of us should consider these alarming statistics: In the past decade, at least five US military personnel have been killed by toppling vending machines onto themselves. The average annual rainfall of the Amazon Basin is over three-hundred inches! In a recent national multiple-choice exam, more than 50% of our nation's high school students incorrectly identified George Washington as "some kind of mollusk." I don't know about you, but I'm convinced. I'm going to buy some stocks first thing tomorrow morning. Link to comment Share on other sites More sharing options...
Guest alex Posted February 21, 2003 Report Share Posted February 21, 2003 I'd go for the fireman - at least he'll still be employed next year (unlike the stock guy). Speaking of inflation, in sanfran, firemen make around $80K/year. Link to comment Share on other sites More sharing options...
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