Jump to content

The Dropping Knife


Guest

Recommended Posts

One thing is beyond dispute: The US economy seems to be booming - while the dollar keeps falling. The obvious question is: how long can this go on before the falling dollar will kill the economic recovery?

 

The answer: It doesn't matter.

 

What kind of an "answer" is that??

 

It's the only truthful one . . .

Link to comment
Share on other sites

  • Replies 389
  • Created
  • Last Reply

Golden Stool Floats To Top

 

Water Level Rising

 

Your Golden Stool, including short and long term updated charts and price targets, is loaded each morning. Even if you are not a goldbug, you should check out the Golden Stool, a daily Anals release. Take a subscribatory and get the latest release of the Golden Stool from your Anals RIGHT NOW! Don't miss another Golden Stool!

Link to comment
Share on other sites

The latest headlines from the Wall Street Urinal. Reload the Urinal frequently throughout the day for all the latest headlines from from Dow Jokes, Boomblurb, Rhoiders, TheSheeit.com, CNN Moneyhype, and other newsnoise and infomercial sources from around the world. The links are above right, in the left menu, and below the thread. Wall Street Urinal All the news that fits, we print.?

 

 

If you haven't used it yet you should check out the Stoolpop thumbnail market overview window! This compact window contains the latest intraday thumbnail charts on the SPX, gold and precious metals indices from Kitco, as well as a market summary applet from Barchart.com and form boxes for detailed quotes and market statistics. The window has minimal graphics beyond the essentials, so that it uses few server and processor resources, loads quickly, and gives you the tools you need all in one convenient reduced size window. You can also toggle the window back and forth with the Wall Street Urinal, to quickly scan all the latest newsnoise headlines. The links to this window are located in the upper right of this page, in the left column, and below the thread.

 

Market Stats and

Thumbnail Charts

Link to comment
Share on other sites

Free stool for stoolies, and all traders and investors.?

 

Free email - Stoolmail.com. Choose from either @capitalstool.com, or @stoolmail.com. Up to 5 aliases and 5 mb storage.?

 

Free webspace for traders and investors. Build your own financial website, or have a place to save your charts. 10 mb storage. Stoolcities.com.??

Link to comment
Share on other sites

U.S. beef products banned for 7 years

 

 

2003/12/30

TAIPEI, Taiwan, The China Post Staff

 

 

 

The Council of Agriculture (COA) yesterday announced that American beef products will be banned for a period of seven years after mad-cow disease was reported in the United States, and importers or retailers who violate the ban will face stiff fines, according to a report by the local Eastern Television.

The COA said retailers who tout American beef products imported after Dec. 24 or label American beef as Australian or New Zealand beef will face a fine between NT$30,000 and NT$150,000.

 

http://www.chinapost.com.tw/detail.asp?onN...&GRP=A&id=22114

Link to comment
Share on other sites

I strongly recommend that everyone read Fleck's Mania Chronicles.

 

Its absolutely scary that the same thing is happening all over again.

 

All bad news is bought. All dips are bought. Absolutely no sellers anywhere. Economic events like a collapsing dollar, interest rate hikes, lowered earnings guidance, etc. have no adverse effect on stock prices.

 

Some of the moves in 1999 - 2000 were simply breathtaking.

 

The Nasdaq Composite had been in decline for the last six trading days of

January, shaving 555 points from the high to the low.

 

January ended with a thud. With the Fed likely to again raise the discount interest

rate during their meeting on February 2, market participants realized the risks in holding expensive stocks were escalating.

 

Energy prices were weighing on the market as well; the cost per gallon of

gasoline had hiked around 30 percent while heating oil had doubled over the prices of ayear ago.

 

To round it all out, big names Qualcomm (QCOM), EMC (EMC), Compaq (CPQ)

and then Dell (DELL) all issued troubling news regarding earnings or revenues.

 

As if in answer to the downside work that had been done, the bull crowd showed that they were still in firm control as February began, powering the Nasdaq higher by 680 points over the next seven trading days.

 

During this period, on February 2, 2000, the Fed raised the discount rate by

another 25 basis points ? the fourth hike. Same song . . . the Fed is ahead of the curve, same dance . . . the market goes up in relief and jubilation.

 

And one month later......

 

(February 29, 2000) Intel notwithstanding, the Sox was where it was at today. It exploded by ten percent, up 104 points. Just to put that number in perspective and bore you with a few fundamental details, at the end of 1995 the SOX index was about 200. The index now stands at 1170. What's interesting is that semiconductor revenues worldwide at the end of 1995 were just about even with where they were at the end of 1999. In other words, even though this index is up sixfold, semiconductor revenues are about the same as they were in 1995. I guess the logic must be that they were just too darned cheap back in 1995. But one must remember that this is month end, so maybe some of the power in the SOX index, as well as other favorites, was related to guys making sure their portfolio looked dandy for the end of the month - who knows?

 

www.fleckensteincapital.com

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • ×
    • Create New...