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B4 the Bell, Humpday 5504


Guest yobob1

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Colonoscopy humor (this deserves a wide audience):

 

A physician claims these are actual comments from his patients made

while he was performing colonoscopies:

 

1. "Take it easy, Doc! , you're boldly going where no man has gone before."

 

2. "Find Amelia Earhart yet?"

 

3. "Can you hear me NOW?"

 

4. "Oh boy, that was sphincterrific!"

 

5. "Are we there yet? Are we there yet? Are we there yet?"

 

6. "You know, in Arkansas, we're now legally married."

 

7. "Any sign of the trapped miners, Chief?"

 

8. "You put your left hand in, you take your left hand out. You do the Hokey Pokey...."

 

9. "Hey! Now I know how a Muppet feels!"

 

10."If your hand doesn't fit, you must acquit!"

 

11. "Hey, Doc, let me know if you find my dignity."

 

12. "You used to be an executive at Enron, didn't you?"

 

13. "Could you write me a note for my wife, saying that my head is not, in fact, up there?"

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Morning Crew- As I went to bed last night the futures were in the Dumpster and all was well with the world, but as has been pointed out Viagra was administered overnite and we will open up. Ahhhh but will we stay up-Doc has already answered the question. Window at the bell for 45 minutes-Helmets on, lock n load! ;) May the Force be with us.

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Liquidity

New offering calendar for may shows $47b

 

153 IPOs $40b

54 2nds $5b

4 conv $2b

 

converts and 2nds can are usually added at the last minute and could amount to $5-10b additional this month. New offerings have been this lopsided since 2000.

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The Oil index OIH has just just been taken out back and shot! ;)

9:09AM Ratings Briefing - Oilfield Services : Banc of America lowers its view of the Oilfield Service sector to Underweight from Overweight and recommends selling the group, as it believes that the latest stock price cycle for the group is ending. Firm sees a number of factors impacting the stocks, including the deceleration of the U.S. rig rate of change, which is a primary predictive indicator of activity; firm also sees U.S. rig count dropping by 5%, driven by a drop in commodity prices over the next several qtrs as supply/demand converges, all of which should lower the valuation multiples and stock prices. Firm downgrades SLB, BJS, CAM, CLB, FTI, SII, VRC, WFT, GW, NBR, PTEN, DO, ESV, GSF, PDE, RDC, and RIG

 

What It Means:

In conjunction with the shift to an Underweight rating for the oilfield services sector, Banc of America sets the sector price appreciation potential at (-12%)

 

============================================

 

Guess BankoMerika needs to get some of these at lower prices . . .

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Guest yobob1
Example of a commodity which is allowed to trade freely, one which The Matrix has no interest in.

 

Cattle Futures going parabolic, up another 3% this morning.

Can you say hedge funds, Wndy? I think the hedgies are responsible for moving these relatively small markets. With everyone screaming inflation, it makes their job just that much easier. Let's see what the commods (except oil) reveal later this summer, if not sooner. I'm betting that the hedgies will thunder off for something more lucrative and the vacuum created will be very large indeed.

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MBI MTG COF FITB and a host of others getting a strong bid as again RISK is in HIGH demand

Just holding the exit door open. When the selling starts, they're going down big.

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