Guest yobob1 Posted April 21, 2004 Report Share Posted April 21, 2004 Not really, but hey sex sells so think about it Doc. Metals are getting crushed and the dollar continues it's North bound trajectory while the boys in the bond boats are trying like hell to roll up the windows as the sea laps over the deck. Of course the fuktures have recovered nicely. What you expected them to be down? You're not paying attention are you? Link to comment Share on other sites More sharing options...
Hiding Bear Posted April 21, 2004 Report Share Posted April 21, 2004 I don't know right now if the precious metal sell off is telling us something other than leverage is dangerous - or something more signficant. If the dollar can hold on to its gains, we may be in for a long wait for the PMs to recover. As far as the stock and bond markets go, for longer term traders, sell while you have a chance. On a lighter note: Secretary gets "reward for me being me." The funny thing is that no one noticed millions missing for quite some time. Ex-Secretary Guilty of Embezzling $7 Million By ANDREW ROSS SORKIN Published: April 21, 2004 Reuters A former Goldman Sachs secretary in London was found guilty yesterday of embezzling at least $7 million from her bosses in an elaborate fraud in which she secretly wired blocks of money to bank accounts in Cyprus. Liscensed to Steal Link to comment Share on other sites More sharing options...
Guest yobob1 Posted April 21, 2004 Report Share Posted April 21, 2004 Mortgage requests in a sickening free fall The Washington trade group's refinancing index fell by 10.9 percent to 2,550.3 from previous week's 2,861.6. The refinancing index is half the recent peak set a month ago. The purchase index is off 13 percent from its all-time high of 501.6, set in January. Even if mortgage rates climb moderately higher from current levels, lenders are still poised to enjoy a strong year. "Everything will stay good," said James Nutter (An eternal optimist with rose colored glasses and a direct hotline to Alan Greenspooge), head of James B. Nutter Mortgage Co. in Kansas City, Missouri. Still, Nutter said on Tuesday new loans issued through his firm have fallen about a third since mid-March indicating some slowing in new loan applications since rates have begun rising. (Uh, Duhhhh) Applications for adjustable-rate mortgages accounted for 31.7 percent of all new requests filed last week, up from 29.4 percent the prior week. Can you say future shock? Link to comment Share on other sites More sharing options...
Guest Posted April 21, 2004 Report Share Posted April 21, 2004 Reuters Diaries from Forbes.com ALL TIMES ARE GMT For full slate of G7 economic data, click on: <G7TODAY> ------------------------------------------------------------ WEDNESDAY, APRIL 21 1100 - U.S. MORTGAGE MARKET INDEX, Washington Mortgage Bankers Association releases weekly mortgage market and refinancing indexes for the week ended April 16. The respective indexes read 788.6 and 2,861.6 in the previous week. 1200 - NORGES BANK INTEREST RATE DECISION, Oslo Norwegian central bank's policy-setting executive board holds meeting on interest rates. The bank is likely to keep rates on hold following a stronger than expected rise in core inflation, see [nL2065271]. News conference is scheduled at 1245 GMT. 1230 - SWEDISH RIKSBANK DEP GOVERNOR PERSSION SPEAKS Swedish central bank deputy governor Kristin Persson gives a speech. N/A - CHINESE OFFICIALS IN WASHINGTON, D.C. Chinese Vice Premier Wu Yi and Chinese Commerce Minister Bo Xilei in Washington for talks with Commerce Secretary Don Evans and U.S. Trade Representative Bob Zoellick on trade disputes. 1400 - U.S. FED'S GREENSPAN SPEAKS, Washington Federal Reserve Chairman Alan Greenspan testifies on the U.S. economy before the Joint Economic Committee. 1400 - SWEDISH CENTRAL BANK CHIEF HEIKENSTEN SPEAKS Riksbank governor Lars Heikensten speaks. 1530 - SAN FRANCISCO FED'S PARRY SPEAKS, Gettysburg, Pa. Federal Reserve Bank of San Francisco President Robert Parry speaks on "The U.S. Economic Outlook: a Monetary Policymaker's Perspective" at Gettysburg College. 1800 - U.S. FED RELEASES BEIGE BOOK Federal Reserve issues the Beige Book, a summary of economic conditions in the 12 Fed districts. THURSDAY, APRIL 22 0800 - JAPAN VICE FINANCE MINISTER TAKES QUESTIONS, Tokyo Vice Finance Minister Masakazu Hayashi holds a regular news conference. N/A - ECB PRESIDENT TRICHET IN CONFERENCE, Frankfurt European Central Bank President Jean-Claude Trichet takes part in ECB conference on statistics; among attendees are ECB Governing Council members Christian Noyer, Nout Wellink and Guy Quaden (to April 23). 0645 - FRENCH CONSUMER SPENDING, Paris French consumer spending is seen down 0.3 percent in March from the previous month. 0800 - BOE MEMBER RICHARD LAMBERT SPEAKS, London Bank of England Monetary Policy Committee member Richard Lambert speaks at the Institute of Public Policy Research. 0830 - UK M4, PUBLIC FINANCES DATA, London Britain's provisional M4 money supply for March is seen up 0.6 percent from the previous month and up 8.1 percent year-on-year. The public sector net cash requirement is seen at 12 billion pounds, versus February surplus of 23 million. 1230 - ECB GOVERNING COUNCIL MEETING, Frankfurt European Central Bank Governing Council holds meeting. No interest rate announcements are scheduled. 1245 - RIKSBANK PRESIDENT HEIKENSTEN SPEECH, Brussels Riksbank President Lars Heikensten speaks at the two-day "Brussels Economic Forum", organised by the European Commission. DEBT AUCTIONS: LONDON - First auction of new gilt due on December 7, 2038. NOT COMPLETE :cry: Link to comment Share on other sites More sharing options...
DrStool Posted April 21, 2004 Report Share Posted April 21, 2004 Catch A Falling Knife And Put It In Your Pocket? Your Golden Stool, including short and long term updated charts and price targets, is loaded. Even if you are not a goldbug, you should check out the Golden Stool. It's in your Anals daily. Take a subscribatory and download the Golden Stool RIGHT NOW! 30 Day Intro Subscribatory. Just $16.99! Get In RIGHT NOW! Open your Goldmoney account today. I did! Goldmoney, a better way to buy gold. Goldmoney is an official sponsor of your Stool Pigeons Wire message boards. Link to comment Share on other sites More sharing options...
Hiding Bear Posted April 21, 2004 Report Share Posted April 21, 2004 Mortgage requests in a sickening free fall The Washington trade group's refinancing index fell by 10.9 percent to 2,550.3 from previous week's 2,861.6. The refinancing index is half the recent peak set a month ago. The purchase index is off 13 percent from its all-time high of 501.6, set in January. Even if mortgage rates climb moderately higher from current levels, lenders are still poised to enjoy a strong year. "Everything will stay good," said James Nutter (An eternal optimist with rose colored glasses and a direct hotline to Alan Greenspooge), head of James B. Nutter Mortgage Co. in Kansas City, Missouri. Still, Nutter said on Tuesday new loans issued through his firm have fallen about a third since mid-March indicating some slowing in new loan applications since rates have begun rising. (Uh, Duhhhh) Applications for adjustable-rate mortgages accounted for 31.7 percent of all new requests filed last week, up from 29.4 percent the prior week. Can you say future shock? What B4 said about the stock market, also applies to the mortgage market - this is only the beginning of the end. Conventional mortgage activity has not actually declined much yet. ARM mortgages have been running at 60 to 100% above last year's levels in recent weeks. In addition ARMs are on average about 80% larger than conventional mortgages. The only question is - who will be the ARM bagholders when the real estate market unwinds? GSEs? Money market funds? Or will the bill just be passed to the Amercian people like in previous S&L/banking disasters? Link to comment Share on other sites More sharing options...
DrStool Posted April 21, 2004 Report Share Posted April 21, 2004 Bond yields gap higher on open. 4.47 10 week cmap 4.67 5% within a month Link to comment Share on other sites More sharing options...
depends Posted April 21, 2004 Report Share Posted April 21, 2004 Purely speculative. Butt has short term relative strength and a good long base. OMR - the shipwreck company with the gold bearing ships chart on TV National Geographc soon - http://shipwreck.net/mediaappearances.shtml will likely make more money than TASR and is not intended to hurt people. Pardon the tout. Long of course. Good luck to all Stoolies today. Link to comment Share on other sites More sharing options...
Guest Posted April 21, 2004 Report Share Posted April 21, 2004 My View in a pictiure or 2 http://stockcharts.com/def/servlet/Favorit...et?obj=ID728032 http://www.vtoreport.com/sentiment/sentiment.htm http://www.vtoreport.com/sentiment/putcall.htm http://www.vtoreport.com/sentiment/cot.htm I expect a ferocious rally[ okay 2 of them with a 3% decline in between] and then a spine-chilling plunge in early June - .....rally till end of June and another spine-chiller into August Link to comment Share on other sites More sharing options...
Guest Posted April 21, 2004 Report Share Posted April 21, 2004 600 Cleveland Teachers Likely To Lose Jobs NewsNet5.com, OH - 1 hour ago CLEVELAND -- Hundreds of layoffs are anticipated as the Cleveland Municipal School District faces a budget crisis. http://www.newsnet5.com/education/3025977/detail.html Hoping to turn a profit by year-end, Gateway executives are crafting a restructuring plan that could reduce its product lines and, in a worst-case scenario, slash its work force by half, sources familiar with the plans told CNET News.com. As part of its planning, Gateway management is evaluating at least one scenario that would cut its work force to approximately 2,000 employees, about half of its current figure of 4,000, according to sources http://news.com.com/2100-1041-5196190.html Link to comment Share on other sites More sharing options...
Guest Posted April 21, 2004 Report Share Posted April 21, 2004 BAGHOLDER PURVEYOR EXITS........ Chief Executive of Janus Capital Steps Down http://www.nytimes.com/2004/04/21/business/21place.html Link to comment Share on other sites More sharing options...
Bearman Posted April 21, 2004 Report Share Posted April 21, 2004 Stunning :shocked SI K04 6940 6950 6300 6350 -595 :shocked live Link to comment Share on other sites More sharing options...
BAREister Posted April 21, 2004 Report Share Posted April 21, 2004 I don't know right now if the precious metal sell off is telling us something other than leverage is dangerous - or something more signficant. If the dollar can hold on to its gains, we may be in for a long wait for the PMs to recover. Mebbe both? HRFF hASS repeatedly warned the gold bugz of the FOLLY of getting all lathered up, the way they did, around here, in recent months, with bonkers of the world in possession of simply STAGGERING amounts of gold to unleash on the market, and, still, FURmly in control of the ability to manipulate PoG. It wuz naive of them SNOT to think that having let gold run up, it would get hammered in an election year or that the dollar, having run down, would not be "rescued", albeit temporarily. FURther, he thinx it folly to embrace gold in a HUGE way until this biznez of inflation vs deflation is settled. Recently inflation SEEMS to be getting the upper hand. Stats FURom lASSt year, in that regard, which BARE will post later, today, probably on IDS or M2M, are simply daunting. HOWEVER, maybe, just maybe the pre-deflationary spurt of inflation hASS by THIS point, mostly, run it's course. Why does HRFF say this? Because of what stox are doing - namely NOTHING except, albeit slowly, getting worse. AND because of the turn in the bond mkt - BARE doesn't necessarily think higher rates correlate w rising inflation. HAYWIRE THEORY which postulates that thingz go "HAYWIRE" at the WORST possible times, namely, JUST when it appears machinations, such as this mASS(_)_)ive efFURt at global reflation look like they really, after all, MIGHT succeed and take off in a BIG way, would suggest that DEFLATION would rear(_)_) itz ugly head, oh, say, right about HERE, right about NOW, and STOP that reflationary momentum DEAD IN ITZ TRAX. Link to comment Share on other sites More sharing options...
brian4 Posted April 21, 2004 Report Share Posted April 21, 2004 Good Morning Crew- The Pig is going to open higher-I trust everyone has stops in-do I think it will hold?? in a word "NO" Window at the Bell for 30 minutes-Helmets on-Lock n'Load! Link to comment Share on other sites More sharing options...
brian4 Posted April 21, 2004 Report Share Posted April 21, 2004 Drop the Anvil Scotty- Aye Capt. Anvil away! Link to comment Share on other sites More sharing options...
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