soup Posted March 30, 2004 Report Share Posted March 30, 2004 From Russell: "For this reason, the bear may want to make up for lost time. If this occurs and the top is in, then the year 2004 could turn out to be a rather nasty affair. That's the way I see it from a Dow Theory standpoint. Based on my studies, we're now early in a long journey that will ultimately take stocks down to extreme undervaluation. This is the change (or cycle if you prefer) that 98% of the population is not ready for - this is the change that 98% of the population can't even conceive of" Yep, everyone and their freaking brother is bulled up. Does not mean the mkt has to go down, but the above Fact is indisputable. Link to comment Share on other sites More sharing options...
soup Posted March 30, 2004 Report Share Posted March 30, 2004 LLD: Did she mention if she was short or long? Link to comment Share on other sites More sharing options...
Dharmaeye Posted March 30, 2004 Report Share Posted March 30, 2004 Crapvision is running a series on Big Oil which is almost an exact parallel to the 5 part series on Saudi Arabia that the National Post is running. Same conclusions i.e. the Saudi's have teamed up with Russia and China and their oil will flow to Asia not America. Which is why the Administration is transitioning them from "Buddies" to "Bastards". Both series conclude America's oil now will come in increasing imports from Canada, Libya (Khadaffi transitioning from "Bastard" to "Buddy" and Iraq. Dear God, if we have to rely on oil from those ruthless Canadians we're in big trouble. I say we invade now! At the very least we should capture their hemp fields to fortify our rope supply when it comes hanging time in DC. Got to get back at the Canuks for the only declared war lost - War of 1812. Bunch of land speculators manipulated US Gov. Things don't change that much. Link to comment Share on other sites More sharing options...
Bearman Posted March 30, 2004 Report Share Posted March 30, 2004 Soup I am in the 1% LOL even worse than anyone can conceive Link to comment Share on other sites More sharing options...
machinehead Posted March 30, 2004 Report Share Posted March 30, 2004 Crapvision is running a series on Big Oil which is almost an exact parallel to the 5 part series on Saudi Arabia that the National Post is running. Same conclusions i.e. the Saudi's have teamed up with Russia and China and their oil will flow to Asia not America. Which is why the Administration is transitioning them from "Buddies" to "Bastards". Both series conclude America's oil now will come in increasing imports from Canada, Libya (Khadaffi transitioning from "Bastard" to "Buddy" and Iraq. Kerry will say that his administration would pressure OPEC to increase supplies and apply diplomatic pressure to the cartel's member countries to reduce prices. - news report Hmmm. So basically, we're just going to "squeeze our suppliers" for better terms. Being nuclear-armed does enhance one's bargaining position. Economically, this would be another way of postponing the pain. Suck the oil fields dry for a few more years, then splat against the brick wall. Rising prices send the message that oil is becoming scarce, and provide the economic incentive to develop alternatives. 'Killing the messenger' by suppressing prices only retards the adjustment, and makes the future shock all the harsher. Link to comment Share on other sites More sharing options...
Guest Posted March 30, 2004 Report Share Posted March 30, 2004 Sorry, OT but this made me laugh. Guess he is no longer in the gene pool. Man burns self with firework intended for girlfriend A man in Jacksonville, Florida, has been seriously burned by a firework he'd intended to throw at his girlfriend. Shannon Kramer apparently set off the commercial firework in his car after an argument with his girlfriend. Police said he lit the explosive which then dropped between his legs. "He light the fuse, which was long - about 18 inches - but it was about a half-second burn time. He was prepared for the fuse to burn down that fast. He thought he had time to throw the device," said sheriffs. Neighbours who heard the explosion ran to the car, saw the man on fire and used a fire extinguisher to put out the flames. Kramer, 35, suffered burns to his legs and groin. It's not known if he'll be charged with any crime, says the local6 website. http://www.b-unique.net/memorylanewavs1/3/...lls_of_fire.wav Link to comment Share on other sites More sharing options...
FranciscoTheMan Posted March 30, 2004 Report Share Posted March 30, 2004 LLD: Did she mention if she was short or long? Link to comment Share on other sites More sharing options...
Guest Posted March 30, 2004 Report Share Posted March 30, 2004 watch the bonds...check out the 10 year Link to comment Share on other sites More sharing options...
Lock Limit Down Posted March 30, 2004 Report Share Posted March 30, 2004 LLD: Did she mention if she was short or long? Link to comment Share on other sites More sharing options...
Hiding Bear Posted March 30, 2004 Report Share Posted March 30, 2004 Doc and yobob1 - great posts. Gridlock is great. Marc Faber, the 'deflationist' said this: We could therefore see prices of certain commodities double - or even treble - from their present levels in a speculative mania. This is not a forecast, but a warning to investors of the extremely volatile and short-term nature of bull markets in individual commodities. There is one commodity, however, about which a very bullish long-term fundamental case can be made: crude oil. Unless the entire Asian region goes into a lengthy recession/depression in the next few years, oil demand will undoubtedly continue to rise. I strongly agree with this - inflation or hyperinflation first, then deflation. Deflation may come to the real estate market at almost anytime and will lag greatly behind other prices (except if runaway hyperinflation occurs - not likely). The Fed added only $3.5B of repos today so far, for $7.75B expiring. They are opening the door underneath the markets for some reason, as they have for the rest of the month of March. Link to comment Share on other sites More sharing options...
GregFokker Posted March 30, 2004 Report Share Posted March 30, 2004 10-yr bond fut Link to comment Share on other sites More sharing options...
Lock Limit Down Posted March 30, 2004 Report Share Posted March 30, 2004 I love consumer sentiment days Link to comment Share on other sites More sharing options...
Guest Posted March 30, 2004 Report Share Posted March 30, 2004 FLASH Condi will Sqwauk.. er.. talk under oath to commission but privately with transcript to be released without precedence ... agreed Bush and Cheney will also now talk before full commission not in public Wonder who else in govt will take the risk of telling the truth. Not refering to above list, just whistleblowing is viciously punished if you're still inside. Sherlock, the roving reporter Correction: she will give public testimony Link to comment Share on other sites More sharing options...
Lock Limit Down Posted March 30, 2004 Report Share Posted March 30, 2004 many got faked out by this failed bearish head and shoulders Link to comment Share on other sites More sharing options...
soup Posted March 30, 2004 Report Share Posted March 30, 2004 +1100 on tick, more quarter end collusion. Link to comment Share on other sites More sharing options...
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