simple guy Posted February 10, 2003 Report Share Posted February 10, 2003 FWIW 23.91 on the Q's would be nearly a perfect 61.8% fibo retrace of the late afternoon 5 wave decline on Friday. It would also be a nice A B C mini wave 2... It would also slightly alter my Q target near term to about 23.26 Otherwise, shall she go much higher... it would count as just more frustration, but the trend will remain lower lows, lower highs... light volume, major selloff still in the offing... Link to comment Share on other sites More sharing options...
Guest yobob1 Posted February 10, 2003 Report Share Posted February 10, 2003 The scary thing, is these strategists are really that dumb... What's even more scary is many of them actually believe what they say. Link to comment Share on other sites More sharing options...
GregFokker Posted February 10, 2003 Report Share Posted February 10, 2003 FVX down 2.2 bps from its opening high. TYX still up 3.3 bps. Betcha Al Green lands a repo this AM to bring it back down. Link to comment Share on other sites More sharing options...
simple guy Posted February 10, 2003 Report Share Posted February 10, 2003 Quick article by John Murphy, the TA guru on the "secular bear", a few good charts... John Murphy secular Bear charts-brief writeup from Gold-Eagle.com Link to comment Share on other sites More sharing options...
SupplySider Posted February 10, 2003 Report Share Posted February 10, 2003 3. The dumb woman host says... Greenspan talks on Tuesday, so he will probably not say anything negative about the economy... (uh... actually, he probably will) Just the stupid politicians, who each want him to bless their public policies for getting the economy out of the rut it's in. In other words, Greenspam has become a political pawn and nothing more. Sure, there are a few whores left on Wall Street who idolize the man. But, for all practical purposes, his fifteen minutes are over. Link to comment Share on other sites More sharing options...
DrStool Posted February 10, 2003 Report Share Posted February 10, 2003 Your Suctors are updated. Also first post is up in Stooltrading. Link to comment Share on other sites More sharing options...
wndysrf Posted February 10, 2003 Report Share Posted February 10, 2003 Here's another one: "Salomon Smith Barney institutional equity strategist Tobias Levkovich said the U.S. equity markets "are attractive from a valuation perspective," given that long-term growth expectations have come down significantly from the highs of the late 1990s. He noted that price-to-earnings multiples for the S&P 500 have dropped to levels that have traditionally marked the most opportune time to buy stocks." Link to comment Share on other sites More sharing options...
soup Posted February 10, 2003 Report Share Posted February 10, 2003 Mark: Translation, sally is heavily long and needs someone to buy their inventory. Link to comment Share on other sites More sharing options...
SupplySider Posted February 10, 2003 Report Share Posted February 10, 2003 He noted that price-to-earnings multiples for the S&P 500 have dropped to levels that have traditionally marked the most opportune time to buy stocks." Talk about picking and choosing your facts. This clown relies on market history to come up with his "valuations at traditional bear market bottoms." Yet, what he doesn't mention is that the "E" in his valuation equation is anything but historical. It's based on a modern notion of "E," which is so far from historical definitions, it's not even funny. At the very least, these a-holes should be asked to explain what "E" they are using. Link to comment Share on other sites More sharing options...
K Wave Rider Posted February 10, 2003 Report Share Posted February 10, 2003 Looks like EXPE ready to break down from the Hourly 200 MA kiss. This one could get violent here. We'll see soon enough. Link to comment Share on other sites More sharing options...
SupplySider Posted February 10, 2003 Report Share Posted February 10, 2003 Did anyone see the guy from the Tocqueville (sp?) gold mutual fund this AM on Crapvision? Just wondering what he had to say and what kind of response he got from the talkingheads. Link to comment Share on other sites More sharing options...
DrStool Posted February 10, 2003 Report Share Posted February 10, 2003 Leftabitch is obviously using the Fed model which doesn't work and never will work because it relates stock valuation to bond yields. The mode; assumes bond yields are stable and permanent, and that stock earnings yields carry no more risk than the risk on Treasury bonds. The whole theory is based on a series of lies. Bond yields have never been stable, and stocks have never been risk free. Of course the model also assumes that we know what earnings are. There's the biggest joke. Link to comment Share on other sites More sharing options...
fxfox Posted February 10, 2003 Report Share Posted February 10, 2003 bonjour stoolville! looks like that BoJ intervens a bit, not monster interventions but in last mins sharp moves to the upside, moves which say "you shouldnt better go short USD/JPY, or we cut your head off and shit into your brain". Link to comment Share on other sites More sharing options...
EasyAl Posted February 10, 2003 Report Share Posted February 10, 2003 When is the last time a used car saleman did not say that his car is not of top quality and it was not the best time to buy ? Link to comment Share on other sites More sharing options...
Cchan Posted February 10, 2003 Report Share Posted February 10, 2003 feed with o/n 4.75B + 2.5B reverse feed last friday total= 7.25B Link to comment Share on other sites More sharing options...
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