Hiding Bear Posted September 13, 2004 Report Share Posted September 13, 2004 Welcome to another week of trading, humor, insights, served with some political barbs and what-not at B4 the Bell! B4 has as its central theme short-term trading, lead by the astute technician Brain4. But it is also about any technical and economic issues that members think affects that - in a cordial atmosphere of a 24/7 international family lounge. Mushroom clouds? What mushroom clouds over NK? - says the GWB administration - Just some normal 'maintenance': U.K. Minister Bill Rammell, the first U.K. government minister to visit North Korea, said he will ask North Korea today to explain the blast, the British Broadcasting Corp. reported. ``I have asked for an urgent explanation from the Ministry of Foreign Affairs,'' the BBC cited Rammell, the U.K.'s Foreign Office Minister, as saying yesterday in North Korea's capital, Pyongyang. He meets North Korean officials today, the BBC said. ``Based on the information we have, it was not any kind of nuclear event,'' Powell said yesterday on the ``Fox News Sunday'' program. Testing of a nuclear device by North Korea ``would not be a sensible action for them to take.'' Intelligence received recently doesn't indicate North Korea will conduct a test, Powell said yesterday in comments to journalists after the program, according to an e-mailed statement from the State Department. ``It could be that they are doing some test preparations or it could be that just some maintenance is going on,'' Powell said in the statement. The intelligence isn't conclusive and ``we continue to examine it and study it on a regular basis.'' Forest Fire President George W. Bush's national security adviser, Condoleezza Rice, said on Cable News Network's ``Late Edition'' the cloud of smoke could have been from ``a fire of some kind, a forest fire of some kind. But we don't believe at this point that it was a nuclear event.'' http://quote.bloomberg.com/apps/news?pid=1...4GHM&refer=asia Rules: Doc says - "... discussion of politics and world affairs on this thread is permitted, but 911 conspiracy discussions are off limits." Link to comment Share on other sites More sharing options...
Guest Posted September 13, 2004 Report Share Posted September 13, 2004 Early morning talking head on CNBS mentioned the alleged NK blast while discussing the NK market action this morning and essentially laughed it off since it was only the result of the building of a hydro-electric plant...and besides, the NK market is up! Never before has the world been so unanimously unconcerned about a mushroom cloud emminating from a Communist dictatorship. Never before has it taken four days for a government to know and articulate that their country is in the midst of the largest power project ever developed within their own borders. I wonder if there is even a river within 50 miles of the blast? Link to comment Share on other sites More sharing options...
machinehead Posted September 13, 2004 Report Share Posted September 13, 2004 Early morning talking head on CNBS mentioned the alleged NK blast while discussing the NK market action this morning and essentially laughed it off since it was only the result of the building of a hydro-electric plant...and besides, the NK market is up! Never before has the world been so unanimously unconcerned about a mushroom cloud emminating from a Communist dictatorship. Never before has it taken four days for a government to know and articulate that their country is in the midst of the largest power project ever developed within their own borders. I wonder if there is even a river within 50 miles of the blast? If you recall the Chernobyl incident in Ukraine, it was admitted to be radioactive from day one, because the site was well known as a nuclear power complex. But initially the USSR claimed that the radiation release had been small and local. In ensuing weeks, the rest of the world started measuring clouds of radiation hundreds and thousands of miles away. They are telling us this was non-nuclear, but maybe we shouldn't jump to conclusions. The airborne dust from the explosion will almost certainly blow eastward over northern Japan. Let's see if the Japanese pipe up and say anything. On a couple of occasions, North Korea has lobbed missiles over the Japanese archipelago. So the Japanese are in the habit of keeping a baleful eye on them. Meanwhile, it seems to be no problem for the market. As a Stoolie (whose name I've forgotten) said last year, "We have to look beyond the mushroom cloud." Link to comment Share on other sites More sharing options...
Guest yobob1 Posted September 13, 2004 Report Share Posted September 13, 2004 Sound like things we've all heard lately? September 1929?There is no cause to worry. The high tide of prosperity will continue.? - Andrew W. Mellon, Secretary of the Treasury. October 14, 1929 ?Secretary Lamont and officials of the Commerce Department today denied rumors that a severe depression in business and industrial activity was impending, which had been based on a mistaken interpretation of a review of industrial and credit conditions issued earlier in the day by the Federal Reserve Board.? ? New York Times December 5, 1929 ?The Government?s business is in sound condition.? ? Andrew W. Mellon, Secretary of the Treasury December 28, 1929 ?Maintenance of a general high level of business in the United States during December was reviewed today by Robert P. Lamont, Secretary of Commerce, as an indication that American industry had reached a point where a break in New York stock prices does not necessarily mean a national depression.? ? Associated Press dispatch. January 13, 1930 ?Reports to the Department of Commerce indicate that business is in a satisfactory condition, Secretary Lamont said today.? ? News item. January 21, 1930 ?Definite signs that business and industry have turned the corner from the temporary period of emergency that followed deflation of the speculative market were seen today by President Hoover. The President said the reports to the Cabinet showed the tide of employment had changed in the right direction.? ? News dispatch from Washington. January 24, 1930 ?Trade recovery now complete President told. Business survey conference reports industry has progressed by own power. No Stimulants Needed! Progress in all lines by the early spring forecast.? ? New York Herald Tribune. March 8, 1930 ?President Hoover predicted today that the worst effect of the crash upon unemployment will have been passed during the next sixty days.? ? Washington dispatch. May 1, 1930 ?While the crash only took place six months ago, I am convinced we have now passed the worst and with continued unity of effort we shall rapidly recover. There is one certainty of the future of a people of the resources, intelligence and character of the people of the United States ? that is, prosperity.? ? President Hoover June 29, 1930 ?The worst is over without a doubt.? ? James J. Davis, Secretary of Labor. August 29, 1930 ?American labor may now look to the future with confidence.? ? James J. Davis, Secretary of Labor. September 12, 1930 ?We have hit bottom and are on the upswing.? ? James J. Davis, Secretary of Labor. October 16, 1930 ?Looking to the future I see in the further acceleration of science continuous jobs for our workers. Science will cure unemployment.? ? Charles M. Schwab. October 20, 1930 ?President Hoover today designated Robert W. Lamont, Secretary of Commerce, as chairman of the President?s special committee on unemployment.? ? Washington dispatch. October 21, 1930 ?President Hoover has summoned Colonel Arthur Woods to help place 2,500,000 persons back to work this winter.? ? Washington dispatch. November 1930 ?I see no reason why 1931 should not be an extremely good year.? ? Alfred P. Sloan, Jr., General Motors Co. January 20, 1931 ?The country is not in good condition.? ? Calvin Coolidge. June 9, 1931 ?The depression has ended.? ? Dr. Julius Klein, Assistant Secretary of Commerce. August 12, 1931 ?Henry Ford has shut down his Detroit automobile factories almost completely. At least 75,000 men have been thrown out of work.? ? The Nation. July 21, 1932 ?I believe July 8, 1932 was the end of the great bear market.? ? Dow Theorist, Robert Rhea. Dangerous Times Link to comment Share on other sites More sharing options...
twignberries Posted September 13, 2004 Report Share Posted September 13, 2004 This won't be a popular sentiment on this board, but here goes anyway. The "accident at the munitions stockpile" explaination is much more plausible than the "consipiracy of 4 nations to bomb a North Korean nuclear plant" explaination. First, a mushroom cloud is formed by a large, hot explosion - not necessarily a nuclear explosion, or even a weapon such as a MOAB. Any explosion will do. So an explosion of a munitions stockpile would certainly fit the description. Second, the idea of 4 nations with vastly different interests in the region, agreeing to secretly blow up a nuclear plant, when 3 of the nations involved would be directly in the path of the radioactive fallout is tough to swallow. Besides, since when have the neocons been interested in co-operation? Third, the fact that Condy Rice floated the rediculous forest fire idea tells me there was no cover story in place before the "bombing". A consipiracy of 4 nations would require significant planning, well in advance of the event. Certainly a cover story would have been planned as well. Fourth, a seismic event of 2.6 on the Richter scale is so small, it is doubtful anyone even felt the slightest vibration. A normal blast at an open pit mine for instance would produce such vibrations. 4.6 tons of TNT would produce such vibrations(Source), which is substantially less than a MOAB which contains more than 9 tons of explosive. Anyway, there is definitely some scrambling going on to try to explain this mushroom cloud. I would't be surprised if it was intentional by somebody. Maybe the US, maybe China, maybe North Korea - who knows. But a conspiracy between the US, China, Russia, among others is overkill in my opinion. It's unecessary to explain what happened, and extremely unlikely given the political realities in the region. Link to comment Share on other sites More sharing options...
Guest Posted September 13, 2004 Report Share Posted September 13, 2004 Ivan looks to be headed for the mouth of the Mississippi...which puts it right in the midst of a bunch of oil and natural gas tanks, pipelines and infrastructure. I flew over the area last week and was amazed viewing it all from above. Keep an eye on the price of oil and gas this week. Link to comment Share on other sites More sharing options...
KeyboardProspector Posted September 13, 2004 Report Share Posted September 13, 2004 Ivan looks to be headed for the mouth of the Mississippi...which puts it right in the midst of a bunch of oil and natural gas tanks, pipelines and infrastructure. I flew over the area last week and was amazed viewing it all from above. Keep an eye on the price of oil and gas this week. The track has been continually shifting west. New Orleans is now the center probability. Take a look at the most recent 'discussion' on NOAA's site and there is one very interesting sentence: THE OFFICIAL FORECAST TRACK IS SHIFTED ABOUT 60 N MI LEFT OF THE PREVIOUS ADVISORY AT 72 HOURS AND IS STILL TO THE RIGHT OF ALL GUIDANCE EXCEPT FOR THE GFS. IF I DID NOT HAVE A PREVIOUS FORECAST TO MAINTAIN SOME CONTINUITY WITH...I WOULD HAVE SHIFTED THE TRACK EVEN FURTHER TO THE LEFT. MEANWHILE...SINCE THE MOTION IS STILL WEST-NORTHWESTWARD They have to maintain continuity with previous forecasts? This thing will target Galveston before it hits....... That'll be a real mess. 160+ MPH winds right up the ship channel.... Link to comment Share on other sites More sharing options...
Calculus Posted September 13, 2004 Report Share Posted September 13, 2004 C. Rice should be banned from Public office for stating it could be a forest fire. Either she's brainless or she views the US public with total disdain. PS. Isn't it about time for another lesbian kiss or show of the tits on national tv to divert the sheeples attention....... Link to comment Share on other sites More sharing options...
Guest Posted September 13, 2004 Report Share Posted September 13, 2004 You could be correct Twig. I never suggested they struck a nuclear facility...merely lit up the countryside to send a message...though I am of course guessing. It seems that if a munitions stockpile were struck, the number of explosions would have been in the hundreds. I believe the MOAB is designed to explode at some distance above the ground, which I would think would result in less of a concussion below the surface than a bomb or blast which is detonated below ground, though I really don't know. If the US simply gave China and Russia a heads-up that we were going to do the deed, it would not require a high degree of planning to execute. All I know is everything we have heard so far is obviously false. Link to comment Share on other sites More sharing options...
purdymouth Posted September 13, 2004 Report Share Posted September 13, 2004 futures blasting everything humming right along up up up where's the bear? show yourself! Link to comment Share on other sites More sharing options...
microdon Posted September 13, 2004 Report Share Posted September 13, 2004 This thing will target Galveston before it hits....... That'll be a real mess. 160+ MPH winds right up the ship channel.... Hardly, with a blocking high over east Texas. Link to comment Share on other sites More sharing options...
KeyboardProspector Posted September 13, 2004 Report Share Posted September 13, 2004 There is alot of extra liquidity provided by the Fed in the system. Thursday will be an interesting day to watch. The treasury's CMB's totalling $41B are expiring and being replaced with only $24B in 5&10 yr notes, causing a net return to the public of $17B. The Fed monitized virtually all of the CMB's and have $19.5B in 8 & 14 day Repos up for renewal. If they drain it, there will be a giant sucking sound. If they roll it over, there will be a liquidity tsunami. The real question is 'what was the treasury doing with all that extra cash for the last week?????? Maybe that where the Cialis moment came from.... Link to comment Share on other sites More sharing options...
machinehead Posted September 13, 2004 Report Share Posted September 13, 2004 Media reporting that US Airways may be liquidated. Old timers know that it used to be Allegheny Airways. In focus-group testing, consumers had a negative image of Allegheny, as a puddle-jumper carrier out of hillbilly country. Whereas, the then-nonexistent "US Airways" was much more favorably viewed. The consultants said -- are you nuts? -- change the name to US Airways immediately -- impress the rubes. Turns out that, just as early Windows was nothing but a pretty front end for DOS, "US Airways" was just a slick livery, with the ugly duckling of Allegheny still hiding behind it. "We don't have no cash, Mr. Creditor. But they's a couple of chickens and hawgs behind the terminal here that you kin take ..." Link to comment Share on other sites More sharing options...
rog Posted September 13, 2004 Report Share Posted September 13, 2004 Media reporting that US Airways may be liquidated. Old timers know that it used to be Allegheny Airways. In focus-group testing, consumers had a negative image of Allegheny, as a puddle-jumper carrier out of hillbilly country. Whereas, the then-nonexistent "US Airways" was much more favorably viewed. The consultants said -- are you nuts? -- change the name to US Airways immediately -- impress the rubes. Turns out that, just as early Windows was nothing but a pretty front end for DOS, "US Airways" was just a slick livery, with the ugly duckling of Allegheny still hiding behind it. "We don't have no cash, Mr. Creditor. But they's a couple of chickens and hawgs behind the terminal here that you kin take ..." I always thought US Air meant use-another-airline. With the exception of TWA I have never flown a worse airline. Link to comment Share on other sites More sharing options...
brian4 Posted September 13, 2004 Report Share Posted September 13, 2004 I do agree with Twig-however the delay between the event and the story suggests to me that at best a very severe accident happened and at worst they did conduct a small test. We just don't know???-yet! I expect a top today anywhere from here to 1130 something. There is a window at the Bell for 65 minutes and the Chairthrower is in da house so the open won't be dull-Helmets on, Buckle up! Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.