Guest Posted February 11, 2003 Report Share Posted February 11, 2003 "Many of life's failures are people who did not realize how close they were to success when they gave up." . . . . . . . . . . . . . . . . . . . . .THOMAS EDISON . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Courtesy: www.thomasedison.com Ever since I was privileged to visit his house and laboratory in Edison, New Jersey about twenty years ago, one of the things I came away with at the time were those inspiring words of this great American. They have been part of my consciousness ever since, having subsequently seen me through some of the greatest challenges of my life. And today, February 11, is his birthday. Thomas Alva Edison was born in 1847 and he witnessed tremendous changes in his lifetime, many of which he was responsible for through his 1093 patented inventions which earned him the nickname of "The Wizard of Menlo Park." When he was born electricity was nothing more than a fad, a novelty. Through his most famous invention, the incandescent light bulb, entire cities were being lit by electricity at the time of his graduation from the planet in October of 1931. He believed in hard work, sometimes putting in twenty hours a day, saying that "Genius is one percent inspiration and 99 percent perspiration," something I've also tried to keep in mind whenever the going has gotten tough. Please visit the Blessed Google for more details on his life and accomplishments. Link to comment Share on other sites More sharing options...
Injured Grizzly Posted February 11, 2003 Report Share Posted February 11, 2003 QUOTE (summoner @ Feb 11 2003, 07:15 AM) Republican senator Jim Bunning this am on Crapvision when asked about uncle Al, said; "He has failed miserably, he has butchered monetary policy, meddled in fiscal policy and the stock market and needs to just go home and retire." Thought I was dreaming...LMAO...Todays meeting will be interesting! _______________________________________________ There was Democratic Senator on this morning calling for his resignation too. I did not get his name but it sounds like the bloom has fallen off Al's rose from more than one side. If Al say's a pox on both your houses, he might really tell the truth and Simple Guy will once again be right. In a big way. Live charts is not working for me this morning. Is anyone else having this problem? IG PS: I transfered this from MtoM Link to comment Share on other sites More sharing options...
Bearman Posted February 11, 2003 Report Share Posted February 11, 2003 Sen Jim Bunning slams Greenspan on crapvison. greenspin said americans had a wealth effect. Bunning said mr magoo shaved 7 trillion off that! lol Bunning says mr magoo has to go! mark h. was taken by surprize Link to comment Share on other sites More sharing options...
GregFokker Posted February 11, 2003 Report Share Posted February 11, 2003 Looks like I'm going to close QQQ puts at COMPX 1305-1309 come hell or high water. We might just gap open there. QQQ flashed 24.50 until 7:30 am, and was mighty glad to it print back down to current 24.27. The US Dollar Credit: http://quotes.ino.com Gold Credit: http://cdchart.innovative-software.com NDX futures (delayed) Credit: http://www.livecharts.com SPX futures (delayed) Credit: http://www.livecharts.com Link to comment Share on other sites More sharing options...
GregFokker Posted February 11, 2003 Report Share Posted February 11, 2003 Al Green always talked about the need for fiscal discipline, control of deficit spending, etc. The politicians are a bunch of pathetic buffoons. Al Green is either a maniac or a politician himself. Or, as Bizarro theorized, determined to destroy the fed, in which case he might be a hero. Either way, egad. I hope the Qubes go down and gold moves up Link to comment Share on other sites More sharing options...
morass Posted February 11, 2003 Report Share Posted February 11, 2003 The results of the Goldman Sachs study of capital spending show expectations for a 10 percent decline in spending in 2003 vs. a decline of 15 percent in 2002 Link to comment Share on other sites More sharing options...
machinehead Posted February 11, 2003 Report Share Posted February 11, 2003 This song is posted in honor of Alvis Greenley, the dark-eyed crooner who's still swiveling his pelvis and wooing the money market circuit, well into his seventies: NASDAQ HOTEL Well since my money left me I found a new place to dwell It's down at the end of Bear Trend street at Nasdaq Hotel You make me so bearish baby I get so bearish I get so bearish I could die And though it's always crowded you still can find some room Where broken hearted punters do cry away their gloom You make me so bearish baby I get so bearish I get so bearish I could die Well the order clerk's tears keep flowin' and the margin clerk's dressed in black Well they been so long on Bear Trend street They ain't ever gonna look back You make me so bearish baby I get so bearish I get so bearish I could die Hey now if your money leaves you and you got a tale to tell Just take a walk down Bear Trend street to the Nasdaq Hotel adapted from Heartbreak Hotel by Elvis Presley. Link to comment Share on other sites More sharing options...
simple guy Posted February 11, 2003 Report Share Posted February 11, 2003 SG dings in quickly, gotta run 24.28 to 24.30 range to be tested again, big deal. My views still call for 22.97 to 23.02 shortly on the Q's. My views still call for Greenspan to disappoint the markets today My views still call for more downside on the way. SG added 15k to his Rydex fund this morning and will be adding to his massive short 200% QQQ position today probably on the close. Hope that helps solve any confusion... I am not confused... only happy to add more to my position Link to comment Share on other sites More sharing options...
DrStool Posted February 11, 2003 Report Share Posted February 11, 2003 Jim Bunning pitches perfect game against the Fed. Righty Throws Second of His Career Link to comment Share on other sites More sharing options...
MrHanky Posted February 11, 2003 Report Share Posted February 11, 2003 I'm with you sg.i'm not covering in the near future. besides,my positions are most likely alot smaller than most peoples on the board,the swings dont hurt as bad. Link to comment Share on other sites More sharing options...
wndysrf Posted February 11, 2003 Report Share Posted February 11, 2003 S & P futures right at the 840 area, right at the breakdown level from a couple of days ago. Will it go higher and hit everyone's stops? Probably. Everyone is front running the Al Green comments. I'll be closing my short on QCOM and cutting AMGN position in half if we start another ramp job. Will probably bail on a couple gold stocks that are in a losing position now to avoid getting too much on margin. Fokker, Torah Man, and others.... Don't know how you guys play those options in this kind of a market. Must be very frustrating taking these hits month after month. Link to comment Share on other sites More sharing options...
Guest Posted February 11, 2003 Report Share Posted February 11, 2003 Having a problem logging into Anals. It shuts down my browser. Anyone else having this problem? Link to comment Share on other sites More sharing options...
microdon Posted February 11, 2003 Report Share Posted February 11, 2003 For those of you who remember my mention of Tim Ord's ideas of volume late last week, in which I said that in the very short term, the declining volume relative to the volume at the last swing low on the QQQs from last year meant a bounce was a near certainty in his mind and that regardless of what happened Friday, we would see where this market would be on Tuesday. Well he was long the QQQs between 23.90 and 24.00. We will be higher today in front of Greenspew's testimony; and I also suspect that if market tries to advance, but on anemic volume, that Ord and others of his ilk who are long modest positions will be going out or moving up their stops rather tightly. Intermediate term, he is a stoolie at heart. So by the end of this week, we may be heading down and SG may be raking in more dough for himself and those that cling to every word of his. I sure hope so. I sure hope Greenspew is the bait for reeling in the sheeple. Link to comment Share on other sites More sharing options...
sweefraapp Posted February 11, 2003 Report Share Posted February 11, 2003 Yields not supporting much of a pop. 5 year auction today I think. Link to comment Share on other sites More sharing options...
GTNWORSE Posted February 11, 2003 Report Share Posted February 11, 2003 Morning Guys, Just wondering if anyone will be putting on longs today. Thinking seriously about a hot, wet quickie with Rydex again. Just don't want to catch anything bad! Link to comment Share on other sites More sharing options...
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