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IDS World Markets Thurs 11th October 07


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where is resistance and support levels on the dow? anyone have a chart?

 

thanks matt

614176[/snapback]

No chart, just a quick back of the envelope calculation:

 

Resistance = the moon

 

Support = elephant

614178[/snapback]

 

that sure looks to be how its going, this will either continue or a hella of a bomb will be dropped on everyones account and it will be bear heaven for you guys..

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Something new today. The bonds are going down with the dollar. Dollar really looking sick. :o Check Cando. :D

SI Z07 13675 13890 13650 13870 + 202

CD Z07 N/A 102640 101830 102590 + 640

GC Z07 7461 7553 7458 7551 + 91

GC V07 7474 7474 7460 7460 + 56

TX Z07 78270 78250 77950 77990 -310

US Z07 N/A 110250 110020 110080 -160

SP Z07 157310 158400 157200 158100 + 770

TY Z07 N/A 108230 108095 108130 -95

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Conditional 3 day cycle projection of 1584 on spx if they can take out 1574.

 

The longer the spoos and Qs hang around these levels without a pullback, the more likely it becomes that they head for those conditional projections.

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Something new today. The bonds are going down with the dollar. Dollar really looking sick. :o Check Cando. :D

SI Z07  13675 13890 13650 13870 + 202

CD Z07  N/A 102640 101830 102590 + 640

GC Z07  7461 7553 7458 7551 + 91

GC V07  7474 7474 7460 7460 + 56

TX Z07  78270 78250 77950 77990 -310

US Z07  N/A 110250 110020 110080 -160

SP Z07  157310 158400 157200 158100 + 770

TY Z07  N/A 108230 108095 108130 -95

614183[/snapback]

 

 

At least we have some investments in Canada. But our daily living costs will be through the roof when we are there. Disheartening. When I started going up there in 97 I could buy a C$ for 63 cents or less at times. Now it's 1.02.

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So what else is news? :angry:

 

Dura Bankruptcy Offers Executives $60 Million, Bondholders Zero

 

By Christine Richard and Steven Church

 

Oct. 11 (Bloomberg) -- Dura Automotive Systems Inc.'s plan to exit bankruptcy may reward company managers with as much as $60 million in stock while leaving most bondholders empty- handed.

 

Pacificor LLC, a hedge fund that owns at least $133 million of Dura's senior debt, agreed to take control of the Rochester Hills, Michigan-based auto-parts maker, which filed for Chapter 11 protection from creditors Oct. 30. Pacificor teamed up with Dura Chief Executive Officer Lawrence Denton and managers in a restructuring that values the company's equity at about $600 million; 10 percent would be set aside for executive incentives.

 

The arrangement provides nothing for holders of Dura's $561 million of 9 percent subordinated notes due in 2009. Those investors, including a cluster of neighbors who live in the Minneapolis suburbs, are finding that buying distressed debt can be a losing gamble when competing with institutions. The lesson may be reinforced in coming months, because Moody's Investors Service predicts default rates will triple from the lowest in more than a decade.

 

``Small investors are going to get raked over the coals by the big institutions and hedge funds in bankruptcy,'' said Martin Fridson, CEO at Fridsonvision LLC, a high yield debt research firm in New York. ``Even worse, they may have to sit back and watch management cut a rosy deal of its own with another class of existing creditors.''

 

http://www.bloomberg.com/apps/news?pid=206...cOmEvs&refer=us

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Looks like the finaglers are targeting 'em younger and younger.

 

Just in time for the holidaze, Mattel has come out with the "Barbie Fashion Fever Shopping Boutique".

 

The playset comes with an initial inventory of eleven outfits---though plenty more are available for a fee---and a handy-dandy, point-of-purchase credit card terminal. Every time the "Fashion Fever" credit card is swiped through the terminal, more money appears in your account.

 

The jingly-jangly song in the background urges, "Buy anything you want at the Barbie Shopping Boutique. You never have to add money!"

 

No wonder the young girl in the commercial explodes with delight, "I love shopping!"

 

Who wouldn't if you never had to pay for anything?

 

Throughout the ad, the background chorus sings in mantra-like fashion, "Buy it!"..."Buy it!"..."Buy it!".....

 

Absolutely brilliant. Orwelling marketing at its finest.

 

The finaglers have achieved great success in getting their tentacles around college-age and even high-school-age kids with student loan packages and credit card offers. But targeting nine- and ten-year-olds is a new frontier and a savvy marketing strategy. Hook 'em as young as possible, I say.

 

http://www.youtube.com/watch?v=sJjV47mMmCg...%2Dbad%2Dcre%2F

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post-2169-1192113953_thumb.jpg

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