Guest Posted July 30, 2003 Report Share Posted July 30, 2003 . . . We?re about to enter August, 2003. Again, the foreign exchange value of the U.S. dollar has been declining. Again, the government?s budget and current account deficits are growing rapidly. Again, gold has been in an up trend due to all of this, as well as to its own strong fundamentals as a commodity. And now, long-term bond yields are spiking, as foreign investors are beginning to undermine the market for U.S. debt further. But-as in 1987-the stock market remains oblivious to all this. Ask the stock market?s bullish advocates, and they?ll tell you that yields are rising due to investors? optimism over the economy; after all, yields always rise when Wall Street smells economic growth and, thus, rolls money out of Treasuries and into the stock market . . . Link to comment Share on other sites More sharing options...
Guest Posted July 30, 2003 Report Share Posted July 30, 2003 Oh well - just back after a 4 week holiday - interesting to see the market is roughly where I left it! I thought you guys would have beaten it down by now! Sitting in cash for now - there are clear parameters for either a downside/ upside break for now - however, this narrow trading range appears to exhaust both camps alike. I for one will not be whipsawed to death! Also expecting the first move to be a false one - thats the way they like to get the suckers in - I know as I've been one in the past!! Good luck for the day ahead! Link to comment Share on other sites More sharing options...
seamus Posted July 30, 2003 Report Share Posted July 30, 2003 Uffda - MoGauge Implosion... Application Index -24.3% Purchase Index -3.5% Refi Index -32.9% Bye BYe to the credit fuel Link to comment Share on other sites More sharing options...
GregFokker Posted July 30, 2003 Report Share Posted July 30, 2003 Mortgage activity slides 24.3% Rates for 30-year loans, the most commonly used home mortgage, rose to 5.87 percent in the latest week from 5.72 percent in the previous week, according to the Mortgage Bankers Association of America. Demand for refinancings as measured by the trade group's refinance index plummeted 32.9 percent to 4,145.8 in the week ended July 25. The purchase index, the measure of demand for loans to buy homes, fell 3.5 percent to 426.9. Cnnfn. See BS Markethype wouldn't report the data. Link to comment Share on other sites More sharing options...
DrStool Posted July 30, 2003 Report Share Posted July 30, 2003 Good morning and Good stool to all! Goldbugs, Doc issues a worryning thsi morning. Your Golden Stool, including short and long term updated charts and price targets, is loaded each morning. Even if you are not a goldbug, you should check out the Golden Stool, a daily Anals release. Take a subscribatory and get the latest release of the Golden Stool from your Anals RIGHT NOW! Don't miss another Golden Stool! Your Anals Opening Intraday is up and ready for download. Unable to open your Anals Opening Intraday? Take a subscribatory, open it and download it RIGHT NOW, along with everything else in your Anals!? If you are interested in fine tuning your timing, Stooltrading is the place for you. Doc gives commentary and illustrations of intraday cycles throughout the day with projections for highs, lows, and cycle time turns for the SPX and QQQ that are frequently right on the money. He also gives cmap targets for individual stocks by request. Many of your fellow stoolies share their charts and trading ideas as well. Each has a different style, and one may be just right for you. There are no superstars in Stooltrading, just Doc and a group of hard working Stoolies, honestly trying to help each other and themselves, constantly checking and balancing one another's views. Yes, it's always good to have checks and balances. The more checks the more the balances. So take a subscribatory to Stooltrading RIGHT NOW, and increase your checks and balances! Click Here Doc would like to see twenty stoolies take a one week trial subscribatory today! Be one of the twenty! Become a Stooltrader and join the fun! Many tanks for your support and have a Stool day!? See you in Stooltrading. Link to comment Share on other sites More sharing options...
DrStool Posted July 30, 2003 Report Share Posted July 30, 2003 Uffda - MoGuage Implosion... Application Index -24.3% Purchase Index -3.5% Refi Index -32.9% Bye BYe to the credit fuel Who told ya baby? Who told ya? WHo warned you this was coming? Who has been warning of the yet to be felt dire implications? Huh? Huh? Huh? If you are not among those who knows the answer to this question, you need to take a subscribatory and release your Anals NOW! Link to comment Share on other sites More sharing options...
Guest Posted July 30, 2003 Report Share Posted July 30, 2003 Uffda - MoGuage Implosion... Application Index -24.3% Purchase Index -3.5% Refi Index -32.9% Bye BYe to the credit fuel Who told ya baby? Who told ya? WHo warned you this was coming? Who has been warning of the yet to be felt dire implications? Huh? Huh? Huh? If you are not among those who knows the answer to this question, you need to take a subscribatory and release your Anals NOW! You da MAN, doc! Link to comment Share on other sites More sharing options...
Bird D Durr Posted July 30, 2003 Report Share Posted July 30, 2003 FRAZIAHHHHHHHHHHHHH................... Has finally came to the housing market............................. Just the tip of the iceberg.................................... Modern Rome shall fall...................... Link to comment Share on other sites More sharing options...
wndysrf Posted July 30, 2003 Report Share Posted July 30, 2003 MoGauge Collapse: In 5 weeks, we will see how this impacts the Paper Pyramid and the Atomic Particle Accelerator, when the last of the refi pipeline dries up. Now we must see what new Securitization Exotica can be dreamed up to replace the mortgages....... Otherwise, look for the credit markets and stock markets to roll hard after Labor Day. In the meantime........... Short term long plays: TALK, OPWV, CTRC, CELL, LOOK Weak stocks on the open: GRMN, GNSS, CREE And finally, BRKS looks like its gapping down But SNDK is still going up....... Good luck to all Riverboaters Summer trading is a pain in the butt.... Link to comment Share on other sites More sharing options...
GregFokker Posted July 30, 2003 Report Share Posted July 30, 2003 Al Green takes a hard slug from the stirling silver flask and passes it to The Rookie. "I told you, Ben. Those bonditos don't take prisoners, and they don't scurry like the equity wimps." "I just can't believe they'd keep dumping even after our good cop-bad cop routine. I can't believe where rates have gone. And they cruised through our 9B repo like it wasn't even there." "That's right Ben, now you see what I'm saying. The mortgage and refi data can't stand. We mustn't let it. Get the Working Group on the phone, and call Yasuo. I don't care what time it is. We have work to do." Snatching the flask back from a despondent Bernanke, Al Green tugs at his tie and rolls up his sleeves. Link to comment Share on other sites More sharing options...
Bird D Durr Posted July 30, 2003 Report Share Posted July 30, 2003 Bye-Bye....Credit Bubble...................... Hello.........Credit Trouble...................... Maybe I'll stop seeing so many SUV'S in every ghetto driveway................... Link to comment Share on other sites More sharing options...
Guest Posted July 30, 2003 Report Share Posted July 30, 2003 Opening jam job is on. Kicking the crap out of gold. Same old plays from the same old play book. Link to comment Share on other sites More sharing options...
MyGoldenStool Posted July 30, 2003 Report Share Posted July 30, 2003 This announcement come on the heels of an announced joint venture with AMAT. Apparently most were expecting a merger. 7:55AM Brooks Automation cut to Sell at AG Edwards (BRKS) 20.81: AG Edwards downgrades to Sell from Hold based on their belief that mgmt has not done enough to make the business model sustainable, that customers are looking for lower cost robotics, and that valuation appears to reflect open-ended growth edit- oops, the joint venture isn't announced, it's speculation. Hmmm, wouldn't that piss off their other supermoder customers like KLAC and NVLS? Speaking of supermodels, hung new living room drapes last night and am proud to announce that the carpet matches the drapes! Link to comment Share on other sites More sharing options...
DrStool Posted July 30, 2003 Report Share Posted July 30, 2003 The MoGauge peaked at the end of May and began its collapse immediately thereafter. The effects will be felt in the stock market beginning now, not September. I will post the MoGauge update so that you can see the grisly pictures as soon as possible. This is an historic collapse. The complete breakdown of the market is upon us. Grave danger to be long, as sudden, huge, air pockets will develop without warning in an increasingly illiquid market. Link to comment Share on other sites More sharing options...
strikerm3 Posted July 30, 2003 Report Share Posted July 30, 2003 check out the % buys on MSFT http://www.ameritradeindex.com/amtd.html that cant last for long.. Link to comment Share on other sites More sharing options...
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