brian4 Posted August 16, 2004 Report Share Posted August 16, 2004 TE is right about 1060-62 BUT until we break 1072-this is just market noise-above 1072- Bounce Ho! Link to comment Share on other sites More sharing options...
brian4 Posted August 16, 2004 Report Share Posted August 16, 2004 stopped with a small profit-now we see if we crack 1072 or fail! Link to comment Share on other sites More sharing options...
Lock Limit Down Posted August 16, 2004 Report Share Posted August 16, 2004 Natural good old dip and scam week digital money buying Crude up again No fear POR nowhwere to be seen TICKS going ballistic So much at stake...So little time Link to comment Share on other sites More sharing options...
brian4 Posted August 16, 2004 Report Share Posted August 16, 2004 rebought Sept 1080 puts stop 1074 Link to comment Share on other sites More sharing options...
Drano Posted August 16, 2004 Report Share Posted August 16, 2004 Everything on my screen is green -- stocks, indices, and gold miners. Huh. Â Oh, except for..... CECO. Rats, I shoulda bot putz Friday when it was up so much. Â EDIT: and Carnal Cruise Lines just turned red too. Link to comment Share on other sites More sharing options...
brian4 Posted August 16, 2004 Report Share Posted August 16, 2004 Window now closed natural pressure off, if they can move it over 1072 they will do it now looks like 5 to a top to me! Link to comment Share on other sites More sharing options...
The brown one Posted August 16, 2004 Report Share Posted August 16, 2004 Reuters: Shiiite miltia have set an oil well on fire in Southern Iraq Aha! That would explain it! Link to comment Share on other sites More sharing options...
Hiding Bear Posted August 16, 2004 Author Report Share Posted August 16, 2004 From a Saudi business school professor in Jeddah: The most likely trigger for a reversal in foreign investment is the falling purchasing power of the dollar, especially in the market for oil. These facts, combined with the skyrocketing, over 20 percent annual growth in "Super Money," mean investors must be on the lookout for rising commodity prices and higher interest rates.  Where US Interest Rates and Inflation Are Heading  Tres mauvais. The big, dumb vendors weren't supposed to catch on so quickly to our polished sleight-of-hand.  What are we gonna do, Al? Huh? Huh? Maybe the US $ is already in the process of being rejected by OPEC - they just haven't announed it yet.  The article mentioned pretty much hits the mark - but I think the effect on foreigners pumping up the US money supply is not as signficant as stated there.  The balance of payments deficit is running at a $750 billion annual pace now (trdae deficit of $650 B plus interest payments of $100 B yearly). So far those Asian central banks haven't minded accumulating dollars, even though the net effect on their respective economies is a steady transfer of savings from them to the credit markets of the US. As the balance of payments deficit worsens there won't be enough dollar buying from the Chinas and Japan to absorb all the excess dollars generated.  Ben ?The Printer? Bernanke explicitly stated that he believes that adding more money to the monetary base reduces the negative side effects of inflation. Surprising the Fed even admits that inflation is a kind of tax on various groups, but it never clearly addresses its own hand in creating that inflation - but that is another matter. The higher inflation, now blamed on energy prices, relates largely directly back to prior easy monetary policy and the attempts of foreign central banks to ?peg? the dollar by expanding their respective monetary bases.  The ongoing question is whether any foriegn central bank is going to step up to the plate to expand its money supply even faster to keep up with the expanding US balance of payments deficit.  From Through the Looking Glass (Carroll 1872):  "Now, here, you see, it takes all the running you can do to keep in the same place" Link to comment Share on other sites More sharing options...
Lock Limit Down Posted August 16, 2004 Report Share Posted August 16, 2004 The POWER Link to comment Share on other sites More sharing options...
brian4 Posted August 16, 2004 Report Share Posted August 16, 2004 stopped pretty much break even. Link to comment Share on other sites More sharing options...
purdymouth Posted August 16, 2004 Report Share Posted August 16, 2004 uber  mega  blastoff Link to comment Share on other sites More sharing options...
Hiding Bear Posted August 16, 2004 Author Report Share Posted August 16, 2004 They're back. Â The Fed added $7.5 B in repos with no expiration scheduled today. This could help the market sustain an upmove today. Â As I've been mentioning since before the Fed rate hike, the Fed will shortly proceed more aggressively with a policy of quantitative easing of the monetary base (repos and purchase of mostly Treasury bills/bonds) to offset the deleterious effects of interest rate hikes, higher energy prices, and a faltering credit bubble and economy. I expect that this will reduce the value of dollar, but maybe not right away. In the short term, I would stay long on PMs and energy stocks until it looks like a major market downturn is coming (major defined as about 10% or more drop). Link to comment Share on other sites More sharing options...
brian4 Posted August 16, 2004 Report Share Posted August 16, 2004 Order in to buy back my 1080 sept puts on a break of 1072! Link to comment Share on other sites More sharing options...
Guest Posted August 16, 2004 Report Share Posted August 16, 2004 uber mega  blastoff Looks like they got the mo mo guys stampeding to get in. Link to comment Share on other sites More sharing options...
soup Posted August 16, 2004 Report Share Posted August 16, 2004 expiration? Link to comment Share on other sites More sharing options...
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