Guest Posted May 7, 2004 Report Share Posted May 7, 2004 The SPX/DOW advance is corrective imo not sure for the NDX/Nasdaq/ and SexySOX. I think we advance till Wednesday by about 10 SPX points then another El Cliffo Link to comment Share on other sites More sharing options...
brian4 Posted May 7, 2004 Report Share Posted May 7, 2004 With oil now over $40.- a barrel-don't look for relief-I believe this the Arabs way of sticking it to Shrub. Remember OPEC said they would pump more to keep the price below $38.- but thet haven't and won't. Link to comment Share on other sites More sharing options...
Guest Posted May 7, 2004 Report Share Posted May 7, 2004 With oil now over $40.- a barrel-don't look for relief-I believe this the Arabs way of sticking it to Shrub. Remember OPEC said they would pump more to keep the price below $38.- but thet haven't and won't. B4, Whilst it is a gut feel...I think the demand for crude/gas is much more of an issue than the supply. I guess if I were OPEC though I would pretend that 'our cartel' still matters. Link to comment Share on other sites More sharing options...
Lock Limit Down Posted May 7, 2004 Report Share Posted May 7, 2004 Internals recovering maybe this is what we need for a big down as lousy internals have done nothing to knock the legs out from this in the last month. Im grasping at straws and have given up on trying to connect the dots Link to comment Share on other sites More sharing options...
Guest Posted May 7, 2004 Report Share Posted May 7, 2004 With oil now over $40.- a barrel-don't look for relief-I believe this the Arabs way of sticking it to Shrub. Remember OPEC said they would pump more to keep the price below $38.- but thet haven't and won't. B4, Whilst it is a gut feel...I think the demand for crude/gas is much more of an issue than the supply. I guess if I were OPEC though I would pretend that 'our cartel' still matters. CEO of EXXON was on Charlie Reese (PBS) last night. Says no one is going to invest in Iraq until things stablize. What ever they are pumping now, is it. Link to comment Share on other sites More sharing options...
brian4 Posted May 7, 2004 Report Share Posted May 7, 2004 BDK- there is no question about the increased demand-I am simply saying the Arabs are pissed and are going to take it to us price-wise-the smoothing over of the price is finished. Link to comment Share on other sites More sharing options...
zensmoke Posted May 7, 2004 Report Share Posted May 7, 2004 Snow says Iraq spending won't increase borrowingFri May 7, 2004 10:45 AM ET WASHINGTON, May 7 (Reuters) - U.S. Treasury Secretary John Snow said on Friday the government's extra spending on Iraq will not significantly increase the amount of borrowing by the Treasury. "The supplement is for $25 billion, and that would not be a large change in the borrowing requirements," Snow said in an interview with Bloomberg television. http://www.reuters.com/financeNewsArticle....storyID=5075479 ............................................................... The cost of the Iraq war Analysis By Steve Schifferes BBC News Online economics reporter The US Congress has so far been asked to spend $187bn (?104bn) on invading and then rebuilding Iraq. That sounds like a lot - but the real question should be whether it is anywhere near enough. Neither Mr Bush nor Mr Blair want to raise taxes to pay for the war The Bush administration was very clear about the need to invade Iraq - even though some of those reasons are now looking less convincing. But it was far less straightforward about how much the military operation to unseat Saddam Hussein would cost. And even more questions remain about the ultimate cost of rebuilding a functioning economy and civil society in Iraq. Recent estimates, compiled from a variety of sources, suggest that the ultimate direct costs of the war and reconstruction could easily reach $600bn. That cost could be doubled if the indirect costs of the war on lost economic output could be quantified. http://news.bbc.co.uk/1/hi/business/3689365.stm Link to comment Share on other sites More sharing options...
DrStool Posted May 7, 2004 Report Share Posted May 7, 2004 Stoolwethers Update 1 year charts with cycle projections and intermediate targets. C JPM FNM GE GM WMT PG MMM MSFT INTC CSCO DELL AMZN IBM EBAY Today's Stoolwethers update. Take a subscribatory and download 'em RIGHT NOW! 30 Day Intro Subscribatory. Just $16.99! Get In RIGHT NOW! Link to comment Share on other sites More sharing options...
Pee Brain Posted May 7, 2004 Report Share Posted May 7, 2004 Kudlow is the guest host on CNBS this morning.I think we finally get to see his head explode on live TV. First lie of the morning: "U.S. Budget Deficate comes in lower than expected" that will likely be true, but that doesnt count off-budget items. Link to comment Share on other sites More sharing options...
Darkdoc Posted May 7, 2004 Report Share Posted May 7, 2004 With oil now over $40.- a barrel-don't look for relief-I believe this the Arabs way of sticking it to Shrub.? Remember OPEC said they would pump more to keep the price below $38.- but thet haven't and won't. B4, Whilst it is a gut feel...I think the demand for crude/gas is much more of an issue than the supply. I guess if I were OPEC though I would pretend that 'our cartel' still matters. CEO of EXXON was on Charlie Reese (PBS) last night. Says no one is going to invest in Iraq until things stablize. What ever they are pumping now, is it. You are right. The graft-ridden subsidiary of (Dick Cheney's) Halliburton - Kellogg, Brown and Root - has had 34 of it's employees killed in Iraq in the past 6 weeks. Many, many foreign workers have left Iraq for good. Link to comment Share on other sites More sharing options...
Lock Limit Down Posted May 7, 2004 Report Share Posted May 7, 2004 UB watching a minus 1000 on the tick and the keystrokes continue to send the spoos UP Never seen this kind of action in decades Link to comment Share on other sites More sharing options...
Guest Posted May 7, 2004 Report Share Posted May 7, 2004 BDK- there is no question about the increased demand-I am simply saying the Arabs are pissed and are going to take it to us price-wise-the smoothing over of the price is finished. I get u now...I guess OPEC and the Russians will always have some kind of 'smoothing over' effect.......for now I guess BandarBoy ala KennyBoy is not coming through on his side of the deal Link to comment Share on other sites More sharing options...
thesun Posted May 7, 2004 Report Share Posted May 7, 2004 Kudlow is the guest host on CNBS this morning.I think we finally get to see his head explode on live TV. First lie of the morning: "U.S. Budget Deficate comes in lower than expected" that will likely be true, but that doesnt count off-budget items. War with Iraq off-budget. This massive road construction going on acrooss the nation is off-budget. You are right 100% Link to comment Share on other sites More sharing options...
Lock Limit Down Posted May 7, 2004 Report Share Posted May 7, 2004 500 new lows and the Dow at -14 and the trin at .56 and continuing to fall They are loading the boat with the high cap liquid easy to get OUT of equities Nothing but negative ticks all day There is serious selling going on under their pretty picture Link to comment Share on other sites More sharing options...
brian4 Posted May 7, 2004 Report Share Posted May 7, 2004 The ship is about to capsize-look at the percentage change on the ticks-utter madness! Link to comment Share on other sites More sharing options...
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