Hiding Bear Posted October 21, 2003 Report Share Posted October 21, 2003 It makes no difference- the bullhorns will be at maximum volume and ringing the message from all mountaintops- RECOVERY IS REAL- ALL STOCKS ARE CHEEP! I already have an order in to sell the measly 200 TXN shares I bought near the close yesterday. Let them yell recovery all they want. In my own mind, and I may be delusional, it is still about creating bagholders and distribution. The blip in economic activity has yet to prove that it can be sustained. Yesterday on Bloomberg, I only heard one economist even acknowledge there was a downturn in the LEI (which dropped because of the falling money supply figures) Her prediction was 3.75% GDP growth in the 4th quarter. Apparently we are at the stage where even the heavily distorted government figures are ignored by economists. Bullhorning is everywhere. I'm still looking for a very sharp down turn in growth rates in the 4th quarter, not that it will make any difference to the market. Link to comment Share on other sites More sharing options...
wndysrf Posted October 21, 2003 Report Share Posted October 21, 2003 Gold taking off. Dollar also rising. Alarm bells sounding inside Black Holes Intermarket Gaming Programs. Dow futures just collapsed. Accounting fraud at AT & T Link to comment Share on other sites More sharing options...
Bearman Posted October 21, 2003 Report Share Posted October 21, 2003 I keep replaying the bubble commercial about the nazcrap The market for the next 100yrs remember that one? Link to comment Share on other sites More sharing options...
MyGoldenStool Posted October 21, 2003 Report Share Posted October 21, 2003 I think everything hinges now on what T and SBC say about capex- tough to see it rising appreciably with shrinking revenues. Link to comment Share on other sites More sharing options...
Bearman Posted October 21, 2003 Report Share Posted October 21, 2003 Mark Accounting fraud at AT & T where is there not acct fraud? oh I forgot its the norm and legal with pro-froma Link to comment Share on other sites More sharing options...
Bearbones Posted October 21, 2003 Report Share Posted October 21, 2003 For those of you who follow Sornette, he has published a 32 page treatise comparing the Nikkei and the S&P. His conclusion is that the "anti-bubble" (bear market) is still alive but may have switched to a different mode. The crash that he predicted to begin this fall has only been postponed. He has also updated his web site predictions. The paper is at: http://arxiv.org/PS_cache/cond-mat/pdf/031...310/0310092.pdf The site: http://www.ess.ucla.edu/faculty/sornette/p....asp#prediction Link to comment Share on other sites More sharing options...
The brown one Posted October 21, 2003 Report Share Posted October 21, 2003 Bearbones: I see the downside target for S&P for moogley stoogley is 666.Now there's a number to conjure with! I wish Sornette would tell us when it's postphoned till! Link to comment Share on other sites More sharing options...
wndysrf Posted October 21, 2003 Report Share Posted October 21, 2003 What happened to JCOM? Down $6 Link to comment Share on other sites More sharing options...
Bearman Posted October 21, 2003 Report Share Posted October 21, 2003 some wild action with lastnite jam and now........ Link to comment Share on other sites More sharing options...
Dharmaeye Posted October 21, 2003 Report Share Posted October 21, 2003 http://www.financialsense.com/editorials/o.../2003/1020.html Sell Nasty Link to comment Share on other sites More sharing options...
Guest Posted October 21, 2003 Report Share Posted October 21, 2003 I do not know about "bagholders", but I was hearing a technique used my south hemisphere rugby teams in the world cup (in the scrum) called "bagsnatching"..... I will leave the details to your imagination (ouch!), though I am sure aussiebear knows what I am talking about!! :wink2: :shocked :wink2: Actually I haven't heard of that but I can take a pretty good guess. Like you said OUCH Link to comment Share on other sites More sharing options...
Bearbones Posted October 21, 2003 Report Share Posted October 21, 2003 Bearbones: I see the downside target for S&P for moogley stoogley is 666.Now there's a number to conjure with! I wish Sornette would tell us when it's postphoned till! Sornette does predict. He basically expects a fall beginning later this year and lasting into the summer of 2004. Link to comment Share on other sites More sharing options...
Bearman Posted October 21, 2003 Report Share Posted October 21, 2003 wish Sornette would tell us when it's postphoned till! panic's are unknowable events but guaranteed ..... telecom bagholders forgot already Link to comment Share on other sites More sharing options...
The Mad Hungarian Posted October 21, 2003 Report Share Posted October 21, 2003 What happened to JCOM? Down $6 wndy, Congrats on Alan Newman co-opting your signature description of the financial markets as "The Matrix" in his latest CrossCurrents update! If he ever uses the "J-Lo Saucer Bottom" or "Boner Run", I think you should demand royalties! Link to comment Share on other sites More sharing options...
BeerMarket Posted October 21, 2003 Report Share Posted October 21, 2003 What happened to JCOM? Down $6 JCOM: First Albany downgraded to neutered from buy after earnings. QLGC, on the other hand, is a bargain (via barfing.com): 07:45 ET QLogic poised for more upside -- Barron's Online (QLGC) 53.28: Barron's Online features QLGC in its "Weekday Trader" article suggesting the co may have more upside as it poised to keep taking market share in an expanding market. The article notes QLogic's technology is used to form the backbone of storage networks in the form of host bus adapters, or HBAs, which are used to connect computer servers and storage devices to the storage networks. In the near term, the article suggests QLogic may have an edge over its primary competitor ELX as it digests its acquisition of storage switch maker VIXL. The shares currently trade at a modest discount to their five-year median P/E of 44x projected forward earnings, according to Thomson Baseline. and the naz is nowhere near 5000 so I don't know why some people insist on saying stocks like this are overvalued. Link to comment Share on other sites More sharing options...
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