Guest Posted November 17, 2003 Report Share Posted November 17, 2003 My apologies Doc. Understood. Link to comment Share on other sites More sharing options...
Brisbane Bear Posted November 17, 2003 Report Share Posted November 17, 2003 When i was younger,my brother and i used to gamble on the horses,we had a wager called a Quadrella,where you had to pick the winners of 4 alloted races,it used to pay quite well if you were successful,it lead us to coining the term "Quaddy Park",that was where you went if you snared a decent payout,you thought you had mastered the art of the punt and consequently started spending money like a drunken sailor,thus we would say..."He has gone to quaddy park"......well today after reading The Daily Reckoning,they have a similar place called "Squanderville" and everyone is there....he is a snippet from todays edition.... It all seems so calm. So ordinary. > > Like Europe before WWI, everything seems to be going so > well... > > .. but just 4 short years after the Archduke went down, > practically everything else had fallen, too. Millions of > soldiers and civilians... currencies... manners... > architecture... and all the major governments of Europe. > Gone were the Hohenzollerns from Germany, the Hapsburgs > from Austria, and the Romanoffs from Russia. The Ottoman > Empire collapsed in Turkey. The British Empire was badly > damaged; it would fall, too... but it would take another > World War to bring it down. > > Even more remarkable, hardly a single, solitary, sentient > human being saw it coming. > > For what it is worth, here we are. Not quite single. Not > exactly solitary. And more or less sentient. And what we > see coming is not the equivalent of the Great War... but a > Great Disappointment. > > Americans are in the process of ruining themselves. They > are transforming assets into liabilities, trading the real > wealth that was built up over generations for the quick fix > of debt. The 'equity' they own in their homes has fallen to > its lowest level since the government began tracking it in > 1965. The asset - the home - has been replaced by mortgage > debt. > > While new houses are going up on every empty lot, new > factories and office buildings are rarely built in America. > Instead, consumers borrow from foreigners in order to buy > foreign-made goods... thus stimulating a boom in factories > and offices overseas. Even the cash in our pockets has been > replaced - first with paper money of no real value, then > with credit cards, which allow the spender to pay for his > hamburger for the rest of his life. > > You will recall, dear reader, that at the beginning of this > new millennium, it looked as though things were going to > change. The bubble on Wall Street had blown up. Americans > would be forced to cut back on spending... and save money, > we thought. > > The consumer economy would have to do a little less > consuming and a little more producing, we hoped. But along > came the heroes at the Federal Reserve and U.S. Federal > government; with even easier credit terms, tax cuts and > billions more in new spending, the Feds managed to avoid > sanity for a while longer. > > How much longer, we don't know. But for the moment at > least, frugality, prudence, and good sense have been staved > off. The perverse economy of Squanderville seems to be > recovering; its residents are squandering their assets at > the fastest pace in history. > > Debt increases at the rate of 10% of GDP per year. Wal- > Mart, where Americans do much of their squandering, reports > that sales are not growing as well as expected. Buyers seem > to be shopping for cheaper alternatives and "timing their > expenditures around the receipt of their paychecks, > indicating liquidity issues." > > Consumer sentiment rose in November. Consumer sentience > continued its decline. > > > Link to comment Share on other sites More sharing options...
crooked_analyst Posted November 17, 2003 Report Share Posted November 17, 2003 Let's see....almost 1.1 BILLION NYSE shares to the downside 236 MILLION to the upside....and we close off 57.....uh, yup.... Link to comment Share on other sites More sharing options...
Guest Posted November 17, 2003 Report Share Posted November 17, 2003 Mousey what was plan B again. I went down to the basement and forgot. Putz. . . . Farmer, if it goes up, buy more Putz. Now. . . go back down to the basement. and don't feed the BARE! Link to comment Share on other sites More sharing options...
Hairy_Dent Posted November 17, 2003 Report Share Posted November 17, 2003 I think that today's openning NDX gap will be filled over the next several days. I expect two more up days this week, and two more down days, closing the NDX (Friday morning's openning) between 1375 and 1400. Playing this scenario with November spreads. Link to comment Share on other sites More sharing options...
Guest Posted November 17, 2003 Report Share Posted November 17, 2003 Went for a walk on the beach this morning to get some perspective on the trading day. Pretty much came to the conclusion that AG would need to slap down gold/silver and natural gas, ramp the dollar and keep the indexes within a respectable loss window by the close - so as not to wake the sheep. I sold the early price pop on most miners, bought the turn later in the day and sold them again before the close. The surprise for me was that MRK never gained any traction. I had assumed that The Boys would use it as a go-to hiding place...so keep an eye on the drug sector to see if it's real or if they're going to abandon that too. From my perspective, the major problem AG has on his hands right now is that there is not one major financial player around the globe who hasn't noticed how truly desparate these boys are to manipulate and prop this market. I would have to surmise that these foreign leaders, central bankers and money managers have pretty much figured out not to believe a word they hear from the US with respect to the economy. If we know it's all a lie...so do they. The desparation is astounding. Welcome to the land of manipulation and unintended consequences...something's got to give...and I have a feeling it will be a foreign money exodus...if for no other reason than a total loss of respect and trust. Plunger Link to comment Share on other sites More sharing options...
BAREister Posted November 17, 2003 Report Share Posted November 17, 2003 tick tick tick tick tick................. The capitalist is busy hanging himself with the rope of his own making. The shade of Vladimir Illyich Lenin looks down upon it all... When will the trap door open? Link to comment Share on other sites More sharing options...
BAREister Posted November 17, 2003 Report Share Posted November 17, 2003 Went for a walk on the beach this morning to get some perspective on the trading day. Pretty much came to the conclusion that AG would need to slap down gold/silver and natural gas, ramp the dollar and keep the indexes within a respectable loss window by the close - so as not to wake the sheep. I sold the early price pop on most miners, bought the turn later in the day and sold them again before the close. The surprise for me was that MRK never gained any traction. I had assumed that The Boys would use it as a go-to hiding place...so keep an eye on the drug sector to see if it's real or if they're going to abandon that too. From my perspective, the major problem AG has on his hands right now is that there is not one major financial player around the globe who hasn't noticed how truly desparate these boys are to manipulate and prop this market. I would have to surmise that these foreign leaders, central bankers and money managers have pretty much figured out not to believe a word they hear from the US with respect to the economy. If we know it's all a lie...so do they. The desparation is astounding. Welcome to the land of manipulation and unintended consequences...something's got to give...and I have a feeling it will be a foreign money exodus...if for no other reason than a total loss of respect and trust. Plunger maybe that is what the Nikkei is really telling the world... Something's rotten in Denmark. Link to comment Share on other sites More sharing options...
Guest Posted November 17, 2003 Report Share Posted November 17, 2003 Let's see....almost 1.1 BILLION NYSE shares to the downside 236 MILLION to the upside....and we close off 57.....uh, yup.... Crooked: Down 57 was the number chosen by AG prior to the start of trading. It's not such a sinister number so as to arouse any fear among the sheep. Just another small down day - no big deal. Nothing happening here...move along. That little number is easily manipulated, when you have UNLIMITED FUNDS AND POWER. Ask yourself this question, if otherwise good people are being fired from their jobs for market timing and otherwise manipulating funds using J6P's money to do so...how is it that AG and his operators and agents aren't just as guilty of violating securities law? Plunger Link to comment Share on other sites More sharing options...
brian4 Posted November 17, 2003 Report Share Posted November 17, 2003 I agree with MH a solid single was hit-it was a very satisfying day. As to the 50 day M/A of course they would choose to defend it there because rarely is resistance like that broken on the first try, it almost always likes to go back for the final goodby kiss. Rallies OVER- be patient it's all downhill from here to the New Year. Didja see Mr. EyeBrows interview this morning-I gotta tell you the Snow man is living proof that DUMB goes right to the bone-plus he always looks like he slept in his suit on a pool table or under a bar stool-anyway-same old crap "China must float the Yuan because they have an unfair trade advantage and things could get out of whack" Bettered only by" We inherited an Economy that was in terrible shape" and " I never comment on what Mr. Greenspan does" Note the Volume today-it continues to shrink-I tell you the Fundies are getting it in the redemption ear right now no $ to buy with-just wait till they have to SELL to meet redemptions-Trade Safe! Link to comment Share on other sites More sharing options...
wndysrf Posted November 17, 2003 Author Report Share Posted November 17, 2003 Within a hairsbreadth of taking out the highs. Primary Barometer of Retail Speculation. I figured that this one would have crashed by now. Link to comment Share on other sites More sharing options...
Guest yobob1 Posted November 17, 2003 Report Share Posted November 17, 2003 One thing is very clear, the fed feels that lower stock prices are unacceptable. ANy decline in the indices must be aggressively bought. SO this begs the question, how bad are things really, I mean if they are that scared shouyldn;t I be? The rise in the stock mkt is a clear bet on central planning being succesful. Soup central planning has never worked. Period. They can delay the inevitable, but they cannot stop it. Whether Al and gang are scared or not doesn't make too much difference, other than scared people might do something really rash. Personally I think most of "them" have drunk their own kool-aid and now believe their own spewage. That scares me. I'd rather believe they "know" and are just putting on a face for the sheeple, but I suspect that is not really the case. This is opex week so today they ran the longs and picked off a few premature shorters. Tommorrow they run the shorts, reverse and pick off some easy long money. Back and forth before they drain the pond. It's just a casino with very, very bad odds for the average schmuck. Stoolies hopefully are way above average in schmuckiness. I think it was Mark that said there are only about 5 trading days a month or quarter that aren't subject to market "events". Probably true. Sphinxter keep that up on your total portfolio and in less than a year Bill Gates will call you for a loan. Link to comment Share on other sites More sharing options...
Guest Posted November 17, 2003 Report Share Posted November 17, 2003 Morgan Stanley (MDW) Monday agreed to pay $50 million to settle federal charges of mutual fund abuses as the industry scandal widened amid further withdrawals of funds by investors in Putnam Investments.....without admitting or denying the charges. Oh I guess they are not guilty then. http://www.foxnews.com/story/0,2933,103262,00.html Link to comment Share on other sites More sharing options...
summoner Posted November 17, 2003 Report Share Posted November 17, 2003 Kachingo baby.... some MM out there has a sore ass...hope they were hedged Beating the matrix at their own game...covered all putz @ 1038 today.... 20 way in the money INDEX PUTZ * 22 SPX POINTS from Friday....you do the math Who needs a real job.... casino wall street prime for a killing Looking to reload...remember its scam week This thing is on the precipice Dont forget to bank profits.... TRADE SAFE Link to comment Share on other sites More sharing options...
The brown one Posted November 17, 2003 Report Share Posted November 17, 2003 Let's see....almost 1.1 BILLION NYSE shares to the downside 236 MILLION to the upside....and we close off 57.....uh, yup.... The Guff-o-Meter hardly picked itself up from its low despite the indices more than halving their losses--it does smell somewhat farty! Link to comment Share on other sites More sharing options...
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