Guest Posted January 14, 2004 Report Share Posted January 14, 2004 After former Treasury Secretary Paul O?Neill likened President George W. Bush in his Cabinet meetings to a ?blind man in a roomful of deaf people,? representatives of the blind and the deaf demanded a prompt and total apology from the former administration official. ?Blind and deaf people have had a lot to contend with in the past, but this remark represents a new low,? said Lois Pankow of the Coalition for the Blind and the Deaf . . . Link to comment Share on other sites More sharing options...
DrStool Posted January 14, 2004 Report Share Posted January 14, 2004 Now, that's funny! Well, good morning everyone, and tanks to Glad for his always creative and thoughtful openings. They are part of what makes this website so special. I again want to thank those who sent contributions in support of The Stool on Monday. Doc very much appreciates all who cared enough to do so. As the old year ended, along with it came the end of major ad campaigns by Fidelity and Ameritrade. The result was substantial reduction in total revenue to the site. Let's face it, websites with a bearish perspective are not real poopular these days. Adding subscribers has not been a real picnic. Doc could yell from the tallest mountain that the market is going up, and most would not care, bulls would laugh and throw bullchips, and Doc's best bear pals would be pretty annoyed. When ad revenue goes up, as it did for the month of December, it's a real blessing. When it goes back down, as it has now, it forces Doc to come to you to ask for your financial support. Consequently, the Support The Stool button has been re-installed at the lower right of the forum. There are two major ways you can support Capitalstool. The best way is to subscribe to the Anals or Stooltrading. If you have any doubt about whether that would be worth it, just ask the hundreds of subscribers who participate on this board. I know they will give you an honest answer. But whether you choose to do that or not, you can support the continued operation of your message boards by using that Support The Stool button regularly. If everybody who came to this board on a regular basis contributed just $5 per month, or if just 10% of you contributed $50 per month, that would make all the difference in the world. An of course, it doesn't have to be the same 10% every month. Actually, $50 per year, per person, is about what is needed to keep this ship afloat forever. If it doesn't come from ad revenue, then Doc needs some of you to step up and pitch in. If you choose not to do your part, then one day this board will not be here, and you will miss it. When ad revenue or subscription revenue rebounds, these appeals will stop. But right now, Doc is counting on you to care enough to show your support, so that we can continue to share our thoughts with the world for years to come. In the meantime, Doc is, as always, working on developing new value added features that will be free for everyone. There's a new feature announcement coming soon, that I am sure you will enjoy! Many tanks for your support! Doc Link to comment Share on other sites More sharing options...
Guest Posted January 14, 2004 Report Share Posted January 14, 2004 7:46am 01/14/04 Taser Intl declares 3-for-1 stock split - CBS MarketWatch.com Link to comment Share on other sites More sharing options...
Lock Limit Down Posted January 14, 2004 Report Share Posted January 14, 2004 Nothing worse then seeing Kudlows calls last night being honored this morning. The chant was, The ECB would raise rates which would strengthen the dollar and kill gold. He also crucified Oneal again with a little help from C Gray former Whitehouse council. There are no words.... The fedspeak former fed head speak and bullhorning in the last few days must even be surprising the bulls. Link to comment Share on other sites More sharing options...
summoner Posted January 14, 2004 Report Share Posted January 14, 2004 On my laptop with no tv access, anybody have SP futures yahoo shows sp up 9....tia ....Uncle al trying to initiate a meltup? Link to comment Share on other sites More sharing options...
summoner Posted January 14, 2004 Report Share Posted January 14, 2004 Must have been a typo now showing up 2.....whew Link to comment Share on other sites More sharing options...
GregFokker Posted January 14, 2004 Report Share Posted January 14, 2004 The US Dollar Index is up to 85.85, off its overnight highs, with ES +1.25 at 1122.50, NQ +5 at 1533.50 and YM +13 at 10426. Ten year note futures (March) are down 1.4 bps, and foreign currency pairs are mostly lower. Feb gold is down 2.70 at 422, March silver -.07 at 6.53. Link to comment Share on other sites More sharing options...
ZGTrader Posted January 14, 2004 Report Share Posted January 14, 2004 On my laptop with no tv access, anybody have SP futures yahoo shows sp up 9....tia ....Uncle al trying to initiate a meltup? The ES is only up 1.50..... to 1122.50........ Link to comment Share on other sites More sharing options...
Guest Posted January 14, 2004 Report Share Posted January 14, 2004 S&P futures up 1.10 Nas futures up 5.50 Link to comment Share on other sites More sharing options...
summoner Posted January 14, 2004 Report Share Posted January 14, 2004 Thanks all, lets hope for a large red one today.....and I dont mean salmon Trade safe Link to comment Share on other sites More sharing options...
Sphinxter Posted January 14, 2004 Report Share Posted January 14, 2004 Poking around at the 'debt to the penny" website run by the Treasony Dept, I noticed that if you extrapolate 2004 out you get this: Year Deficit Delta 1987 2350 150 1988 2602 252 1989 2857 255 1990 3233 376 1991 3665 432 1992 4064 399 1993 4411 347 1994 4692 281 1995 4973 281 1996 5224 251 1997 5413 189 1998 5526 113 1999 5656 130 2000 5674 18 2001 5807 133 2002 6228 421 2003 6783 555 2004 7655* 872* *annualized numbers based on three months data So we see that the gubmint, by it's own admission went 555B in the hock in 2003 and is on track to slather on another 872B. The difference between these numbers and those you will find in the press, is that these include 'intra-agency borrowings' or what is more commonly known as 'raping Social Security and oth4er "trust" funds'. At any rate, that's some powerful extra stimulous to the economy going on right there as the gubmint is slated to create 57% more debt in 2004 than it did in 2003. Wow. This brings me to two facts. 1) The dollar will be under considerable pressure this year no matter how much Al G and his henchmen K&C slap the table and jawbone. Should the Eu and Asian CBs want to reverse this, they will have to print money - very bullish for gold. 2) "Buy and Hold", as a long-term SM strategy, is completely foolish at these levels. When the Boomers start to retire, en masse, in about 5-7 years, there will be absolutely nothing in the piggy bank and stocks will be hammered as a consequence. Link to comment Share on other sites More sharing options...
Sphinxter Posted January 14, 2004 Report Share Posted January 14, 2004 Again, can anybody think of a single valid reason why Silver, an industrial metal, should trade in perfect lockstep with Gold? This morning's charts - notice the precise alignment: My theory is that Silver is still money and is therefore still a threat to the Matrix. It's under perfect control. Link to comment Share on other sites More sharing options...
DrStool Posted January 14, 2004 Report Share Posted January 14, 2004 The verdict is in. About 3/4 of you want a more open discussion on this thread. Consider it done. I would ask only that you keep your comments brief, and try to keep your comments market oriented. Anything that invites addtional discussion, that is not trading related would best be posted on LOB, but I will leave that to the judgment of the moderators and members to moderate. If something needs to be brought to my attention, please do so. Meanwhile I again invite those of you more specifically interested in trading ideas and timing, to please sign up for a Stooltrading trial subscription. Join your fellow stoolies sharing charts, trading signals and ideas. Each has a different style, and one may be just right for you. Doc gives his commentary, illustrating intraday cycles throughout the day with projections for highs, lows, and cycle time turns for the SPX and QQQ. He also gives cmap targets for individual stocks by request. 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. Become a Stooltrader now!? Link to comment Share on other sites More sharing options...
Hiding Bear Posted January 14, 2004 Report Share Posted January 14, 2004 1) The dollar will be under considerable pressure this year no matter how much Al G and his henchmen K&C slap the table and jawbone. Should the Eu and Asian CBs want to reverse this, they will have to print money - very bullish for gold. 2) "Buy and Hold", as a long-term SM strategy, is completely foolish at these levels. When the Boomers start to retire, en masse, in about 5-7 years, there will be absolutely nothing in the piggy bank and stocks will be hammered as a consequence. The effect of the third of three years in a row of tax cuts is not entirely kwown yet, and may not be completely known for another six months. It seems that the tax cuts are bigger than originally expected. In mid 2003, corporate tax collection actually went to a net figure about 0 - that's right income no taxes were collected from all US corporations for a few months or so during a peak tax collection period. Very much agree that intervention by central banks has been very positive for commodity inflation, especially energy and PMs, which is not good for those Boomers with large McMansions who want to retire soon. Sorry if this is OT. Link to comment Share on other sites More sharing options...
Sphinxter Posted January 14, 2004 Report Share Posted January 14, 2004 By the way, nothing wrong with gold. It is still pegged at 332 Euros. Sometimes as low as 329, sometimes as high as 335, but never for long. Amazing how 332 perfectly aligns all the worlds supply and demand day after day after day. Simply amazing.EDIT: Whoops - spoke too soon. Looks like G&S on the table for slaughter today. Link to comment Share on other sites More sharing options...
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