wndysrf Posted August 15, 2003 Author Report Share Posted August 15, 2003 The current setup is textbook bearish. Rising prices on weak volume. Longest % Record High streak in NYSE history. New print low on VXN. McClellan Peaks showing triple negative divergence. If this were a bull flag on the weekly, you woud see a triple positve divergence on the McClellan Troughs. Longest period of time where BPI's have remained pinned to extremes which meet or exceed the prior market top. http://stockcharts.com/candleglance?$...#124;C|D20 Of course, all of this is Dog Food Science, according to Buddha. All it will take is a $40 billion Repo Blast and 4 houses upgrading AMAT on Monday to gap us up over the prior highs and start the next huge leg up...... Link to comment Share on other sites More sharing options...
Guest Posted August 15, 2003 Report Share Posted August 15, 2003 No wonder California's Bubble in housing was stronger and longer: Buffet's home in Omaha is valued at roughly $500,000. His current yearly property tax bill on that home: $14,401. In California, he owns a Laguna Beach home valued at $4 million, or eight times as much. The annual property taxes on that home are just $2,264 -- a fraction of what he pays in Omaha. More to the point, said Mr. Buffett, the taxes on his Omaha home rose $1,920 this year, compared with $23 on the Laguna Beach home. Mr. Buffett attributed the scant jump in California to the restrictions of Proposition 13, which generally limits property-tax increases to 2% a year, no matter how much the value of a property appreciates. The party's over, and the caterer needs to be paid. Plunger Link to comment Share on other sites More sharing options...
Hiding Bear Posted August 15, 2003 Report Share Posted August 15, 2003 No wonder California's Bubble in housing was stronger and longer: Buffet's home in Omaha is valued at roughly $500,000. His current yearly property tax bill on that home: $14,401. In California, he owns a Laguna Beach home valued at $4 million, or eight times as much. The annual property taxes on that home are just $2,264 -- a fraction of what he pays in Omaha. More to the point, said Mr. Buffett, the taxes on his Omaha home rose $1,920 this year, compared with $23 on the Laguna Beach home. Mr. Buffett attributed the scant jump in California to the restrictions of Proposition 13, which generally limits property-tax increases to 2% a year, no matter how much the value of a property appreciates. The party's over, and the caterer needs to be paid. Plunger Good summary. The property tax system in Cali is about as functional as the Niagara-Mohawk power grid - eventually it doesn't work. On another subject dear to Mark, having turned bearish on the market two months ago I would reconsider my position if we had a $40 billion repo blast Monday. Still think however the FEED will go back to a cautious position to support bonds. Probably today the FEED just took a wild guess at the total value of what the frozen unprocessed checks and transactions would be. Fed Funds actually advanced to 1.22. Link to comment Share on other sites More sharing options...
Guest Posted August 15, 2003 Report Share Posted August 15, 2003 University of Michigan Consumer Confidence Survey Results Postponed Until Tuesday... Because they SUCK! How amazing was that? Greenie picks up the Batphone and asks if the survey results are bad...and they say, "Yeah, they're real bad" Greenie says "well you can't release those numbers today during the country's largest blackout in history, or the market will fall off the cliff. Give us until Tuesday to cook up some positive news story to counterbalance the release of the survey results." Never before has a survey result been so well telegraphed in advance. So if you're wondering when Osama or Sadam might turn up dead...the odds of it hapening just prior to the release of the Consumer Confidence numbers is approximately 100%. No, I take that back. They'll let the bears load up on the short side first, then wheel out the body in time for the afternoon stratospheric reversal that pushes all the charts into new high territory. Plunger PS: You gotta love it...the Feds pick up the second most sought after terrorist on Earth, hold him a few days and then release the news at the best possible time to prop the market yesterday, and the damn lights go off a couple hours later. Barely even made the news. Dooooohhhhh! Link to comment Share on other sites More sharing options...
BartTheBear Posted August 15, 2003 Report Share Posted August 15, 2003 I have a better idea. Link to comment Share on other sites More sharing options...
wndysrf Posted August 15, 2003 Author Report Share Posted August 15, 2003 So if you're wondering when Osama or Sadam might turn up dead...the odds of it hapening just prior to the release of the Consumer Confidence numbers is approximately 100%. ?No, I take that back. ?They'll let the bears load up on the short side first, then wheel out the body in time for the afternoon stratospheric reversal that pushes all the charts into new high territory. Wouldn't put it past those crooks. Every time there is a Magic Wand Stick Save, then the 27-year old HedgeHog Manager goes back to Bank of America to get a credit line increase to pay off his Margin Loan at Merry Lynching, which in turn has been pooled among others into some type of Structured Exotica, guaranteed by ABK, wrapped in JPM Credit Condom, now sitting in your AAA-insured money market account. That money is used by Joe Sixpack to buy the Janus Internet Strategies Fund, which powers stocks like JCOM to even higher highs, which increases the lendable equity in the HedgeHog's account, which he leverages even further to buy more YHOO, etc., etc. Unlimited Expansion.......... Hey Hypertiger. How do you like that??? Link to comment Share on other sites More sharing options...
Captain's Log Posted August 15, 2003 Report Share Posted August 15, 2003 Buffet's home in Omaha is valued at roughly $500,000. His current yearly property tax bill on that home: $14,401. In California, he owns a Laguna Beach home valued at $4 million, or eight times as much. The annual property taxes on that home are just $2,264 -- a fraction of what he pays in Omaha. More to the point, said Mr. Buffett, the taxes on his Omaha home rose $1,920 this year, compared with $23 on the Laguna Beach home. Mr. Buffett attributed the scant jump in California to the restrictions of Proposition 13, which generally limits property-tax increases to 2% a year, no matter how much the value of a property appreciates. Amazing. I have a collegue whose brother moved from Texas and took his pick truck with him. (Can't seperate a Texan and his truck) Big mistake. It cost him $5500 to re-register it 'casue it was a gas guzzler. Cost more to register a truck than Buffet's property tax on $4m real estate. :grin: No wonder Kali is such as mess. Proposition 13 : Ah the politics of envy. Taxes are great idea provided everyone else is paying them for you. Link to comment Share on other sites More sharing options...
tpark Posted August 15, 2003 Report Share Posted August 15, 2003 Did the University of Michigan have power? as far as the power failure "barely making the news" that's all they talked about on Crapvision and CNN. edit: oh you mean the catching of the terrorist - my bad. Link to comment Share on other sites More sharing options...
BartTheBear Posted August 15, 2003 Report Share Posted August 15, 2003 In California, he owns a Laguna Beach home valued at $4 million, or eight times as much. The annual property taxes on that home are just $2,264 -- a fraction of what he pays in Omaha. He must have bought it in the 1960s. Link to comment Share on other sites More sharing options...
wndysrf Posted August 15, 2003 Author Report Share Posted August 15, 2003 Capstone Turbine hit an all time high of $98 in the summer of 2001, at the same time Enron hit its peak. I don't know why the guy wants $2.12, unless he was one of those who bought at $98. Link to comment Share on other sites More sharing options...
Old Habits Posted August 15, 2003 Report Share Posted August 15, 2003 What will happen when gold contract longs get a bad feeling and a hunch, and suddenly ask for physical delivery? Only to find out that their Promise Ticket comes up empty because all the COMEX gold has been leased out? And now those 100 oz. bars have been melted down, reformed into jewelry, now in the hands of millions of Arabs and Asians, peddling it out on a street bazaar for $1,200/oz.?? What will happen? I'll get every damn nickel back that the crooks took from me over the past few years. Sinclair says buy calls on gold and puts on treasuries. Leave the shorts alone until Kenny confirms the top. (whoever the hell Kenny is) Thanks Plunger. I am sooo glad I sold my house, even if it was a year early. Huge double whammy for CA. real estate, get ready for a 40% haircut. Do those jackasses EVER consider cutting spending????? Link to comment Share on other sites More sharing options...
Hiding Bear Posted August 15, 2003 Report Share Posted August 15, 2003 University of Michigan Consumer Confidence Survey Results Postponed Until Tuesday... Because they SUCK! If they were almost ready today, they should have realized the next business day is MONDAY and not Tuesday. They can manipulate figures all they like, especially the GNP, but if business doesn't have the need or desire to spend it doesn't matter. Link to comment Share on other sites More sharing options...
flockofsheeples Posted August 15, 2003 Report Share Posted August 15, 2003 Nasdaq Buy Signal? Still holding the trendline. the one from $160?? energy site...there's got to be a way to make some $$ on this. http://www.genscape.com/ Link to comment Share on other sites More sharing options...
wndysrf Posted August 15, 2003 Author Report Share Posted August 15, 2003 BGO up another 5% AH. Link to comment Share on other sites More sharing options...
mjkst27 Posted August 15, 2003 Report Share Posted August 15, 2003 BGO up another 5% AH. They should change the name of the company to "Boner Gold" Link to comment Share on other sites More sharing options...
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