Weak End B4 The Bell
193 replies to this topic
Posted 27 March 2004 - 08:41 AM
A week after the assassination of Sheik Yassim, Israeli Prime Minister Ariel Sharon has been invited to meet US President George W Bush in Washington on 14 April.
Res ipso loquitur, as the lawyers say. The thing speaks for itself.
Draw your own conclusions.
"GOLD -- it's not just for misers anymore."
"Dollahs -- fire-starters for the K-wave winter." - Drano
"Three humps and a dump." - anotherone, 21 SEP 2004
"No gold was harmed in the making of this movie." - Bizarro Greenspan
[i]"Da Track. Da place where Morons bet on Animals Controlled by Criminals." - our jickiss
Posted 27 March 2004 - 08:44 AM
Wall St Week Ahead - Wanted: More jobs, please
Friday March 26, 6:26 pm ET
By Elizabeth Lazarowitz
NEW YORK, March 26 (Reuters) - Show us the jobs.
That's what Wall Street will be hoping for in the week ahead when the closely watched monthly jobs report and a fresh batch of economic data are set for release.
Investors will be searching for signs that the U.S. economic recovery remains on track -- and if they get some positive evidence, that could persuade them to buy stocks. If not -- or if the economic reports send mixed signals -- then stocks are likely to stay in a holding pattern or decline slightly.
The government's March payrolls report, not due until Friday, is likely to be the week's main event, particularly as questions have resurfaced about the sustainability of the economy's surprisingly strong rebound from recession.
Thursday's hefty rally notwithstanding, the stock market is still struggling to find its footing since it began a sharp retreat early this month. This most recent sell-off, fueled by geopolitical jitters and worries that stock prices may have gone too far too fast, has driven all three major U.S. market gauges into negative territory for the year.
. . .
SILENCE MAY BE GOLDEN
Many investors are taking comfort in the idea that corporate America has been relatively quiet at a time when it generally dishes up the dirt on earnings before first-quarter results begin rolling out in earnest in April.
Of the 1,030 companies that have issued statements about their first-quarter results, 53 percent said their results would be better than forecast, 15 percent said they would be on target, and 54 percent said they would miss estimates, according to Thomson First Call (News - Websites) .
That puts the ratio of positive to negative pre-announcements at 1.7, below the long-term average of 2.3, Thomson First Call said.
"We think valuations overall are at least reasonable, because we think the economy overall is going to grow, and that helps to power earnings growth," said John Waterman, chief investment officer at Rittenhouse Asset Management. "The earnings part of the equation is going to keep going up, but the only question is how much."
Checking my math/language skills today: 53 + 15 + 54 = 122.
Main Entry: per·cent
Etymology: earlier per cent, from per + Latin centum hundred -- more at HUNDRED
: in the hundred : of each hundred
Must be that new math.
Posted 27 March 2004 - 09:34 AM
POINT OF RECOGNITION FOR BONDS
Check out the chart found in this article:
View the following link to view a chart of the Ten Year
Treasury Yield. You will note that it has just completed a
double bottom (W) pattern, and the upward move on Friday
represented significant selling of bonds as the smart money
can clearly see that the gap from 40 to 38 is about to be
retraced (as they are coming to the realization that inflation
will be rampant, despite the FED's denials):
Posted 27 March 2004 - 10:26 AM
Good find there. Got me in. I was watching FS, MAR and PDQ but didn't see an entry point yet.
Posted 27 March 2004 - 11:21 AM
I was looking at those too...but it looks pretty obvious to me that those boys came over to hide in this one. The fact that they were unable to break it out of the top in the past couple days is a good sign. Any longs in this one have got to look back at the epic collapses on this chart and ask themselves "WTF am I waiting for?"Good find there. Got me in. I was watching FS, MAR and PDQ but didn't see an entry point yet.
It would appear that the only hope for bonds is
A: Continually worsening jobs data.
B: Another war.
C: More domestic terror events.
D: More PPI lies
Posted 27 March 2004 - 11:28 AM
Good thoughts guys for a Saturday morning. I note Bare has found us -it is amazing what Rabbit ears used as a directional finder will come up with-Good to have you aboard BARE! 40 Miles North of Vancouver lies the District of Abbotsford a rich farming area in the fertile Fraser Valley and home to some of Canada's largest Egg and poultry producers. Some 5 weeks Avian Flu broke out at 3 farms in a 5 mile square area which was immediately sealed off. Health Canada said the strain H-7 posed no threat to humans but the concern of course was it could mutate as it did in Asia. 275,000 chickens and turkeys were culled and Haz Mat teams disinfected the Barns and Farms. All vehicles driving thru the area were stopped at roadblocks and their tires and wheel wells were sprayed with disinfectant before they could leave the area. In the last week Avian Flu has jumped the initial area and now the entire Fraser Valley is sealed and ALL Poultry and Turkey Farms are locked down and a mass culling of up to a million birds is taking place and any transport of live turkey, Poultry and PET birds is prohibited. Today in the Vancouver Sun it is reported a worker involved in the culling has been infected with the strain which resulted ONLY in a case of pink eye which has been treated with antibiotics and now all involved in the culling are receiving a cautionary dose of anti-virals BEFORE they begin the culling. Now bear in mind these people are wearing haz mat suits and this guy still got infected. Something BIG is coming down here which the press and public are just waking up too. The soothing words of Health Canada do not equate to their actions. Abbotsford is right on the border and on the American side a similar culling has been taking place along with the same soothing words that " this strain is NO threat to humans." Hmmmmm!
Posted 27 March 2004 - 11:54 AM
Anotherone pointed this out last year. Said it would double from $8.
Think it will head back to $8?
Posted 27 March 2004 - 11:56 AM
It seems we have, here, yet anUDDER in a long line of simply SCANDALOUS miss>>FURs and FUR-paws by Mr TwoScrewsLoose.
Once more, gentle reader, it seems that you, toiling daily through myriad posts of the Stoolie quoted above, under the sonorously POMPOUS? tones of someone who purportedly knows what he's talking about, or, at least, BAREing a patina of same, you have been LED ASS(_)_)tray, and, innocently - yes!!! INNOCENTLY!!! in the most WANTON and RECKLESS fASS(_)_)hion IMAGINABLE, insoFURass SPELLING is concerned, anyhoo, by the neFURious and dASS(_)_)tardly Mr TwoScrewsLoose.
HRFF grows weary of his ETERNAL VIGILANCE in the monitoring of MH postings butt, it IZ, sadly, necessary, as yet ANUDDER EXPOSE is unMASSKED, below, will reveal. (sniff!)
(HRFF will, beFUR elaborating FURther, digress a nanosecond to REMIND the reader that he IZ a lawyurrr.)
Here, in this most recent and SHOCKING instance of behavior, we have the TAWDRY SPECTACLE of Mr TwoScrewsLoose attempting to authoritatively quote an expression oft invoked in legal venues - ONLY HE'Z GOT THE SPELLING WRONG:
It's NOT "res ipsO loquitur", gentle readers.
It is, rather, "res ipsA loquitur".
BARE assks, after yet anUDDER installment of EGREGIOUS ERROR, just HOW one can repose confidence in a creature who plays so fASSt AND LOOSE with spelling?
Posted 27 March 2004 - 12:01 PM
The P.O.R. May Be Here
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Posted 27 March 2004 - 12:02 PM
My take is that unless they unleash a truly awful jobs number this week, we may see a flight from bonds and stocks into the hot money bull...commodities.
Here's a good article:
March 22, 2004
A Gathering Storm
John P. Hussman, Ph.D.
All rights reserved and actively enforced.
Near the peak of the stock market bubble a few years ago, as many technology stocks were soaring, Yale economist Robert Shiller appeared on Crapvision, detailing his views about the overvaluation of the U.S. stock market. Answering a question about what investors or policy makers could do to avoid the consequences of the bubble, Shiller noted that while certain investors could defend themselves, it was impossible for the market, in aggregate, to do so. Summing it all up, he said, “It's just an unfortunate situation.” I'll never forget that phrase, and the baked-in-the-cake inevitability that it implied.
Examining the condition of the U.S. economy with regard to personal, corporate, federal and international indebtedness, the same conclusion is unavoidable. It's just an unfortunate situation.
Posted 27 March 2004 - 12:05 PM
FORD CITY -- About 200 of the more than 500 workers at Eljer's plumbing products plant were left wondering if they would still have a job after company officials informed them of plans for a major layoff yesterday.
SACO, Maine — Holman Cooking Equipment will close its 25-year-old Saco plant later this spring, eliminating 53 jobs.
NEW HAVEN — High-speed Internet services provider DSL.net laid off 63 workers Friday in an effort to turn a profit this year.
MILFORD — Bic USA Inc. said Friday it will delay for up to two weeks a decision on closing two divisions that would result in 300 layoffs.
On Tuesday, company officials said they were negotiating with union leaders and might make a decision by Friday.
Peter Pan Seafoods has filed a layoff warning notice for 63 employees at its Seattle operations effective May 26.
Almost 400 to lose jobs when Kraft closes Niles bakery Troubled food giant Kraft Foods revealed Friday it will close a bakery in suburban Niles, throwing nearly 400 employees out of work.
Posted 27 March 2004 - 12:07 PM
anything else to cheer us up with?
Posted 27 March 2004 - 12:10 PM
Dat will be when da bosses are a goin' hunting. Chenney will be taking some top judges with him. Perhaps they'll let some Guatamo's loose as a special prey.
Posted 27 March 2004 - 12:15 PM
Auto sales slow in March
DETROIT -- Sales of new cars and trucks have remained relatively sluggish in March, though anal cysts say tax refunds and heftier consumer incentives should provide something of an industry pick-me-up.
Goldman Sachs and Merrill Lynch both predict a seasonally adjusted annual sales rate for March of 16.6 million units, up 3 percent from a year ago but still soft given that March typically marks the start of the spring selling season.
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