Guest Posted October 21, 2003 Report Share Posted October 21, 2003 Found in the October 16 Daily Reckoning: *** An old friend describes the financial industry: "It may sound harsh," begins Marc Faber, "but the entire financial service industry is a like a huge brothel. The brokers push stocks they know nothing about, but which move and, therefore, can be turned over quickly, thus generating commissions. The anal cysts recommend stocks not necessarily based on sound fundamentals, but because they are showing signs of rising momentum as other anal cysts are also recommending them. And the fund managers are forced by the brothel's owners to perform by buying sectors that they don't really like but which will, as they soar, give full satisfaction to the brothel's clients." Ah, there's the difference... and the libel to all of whoredom. The brothel's customers typically leave satisfied. Real whores give value for money. But the investment industry is just a pretender. Link to comment Share on other sites More sharing options...
Butterfield 8 Posted October 21, 2003 Report Share Posted October 21, 2003 Speaking of which - Bernie Schaeffer on Crapvision : buy 20% tech, 20% highly leveraged company like Ford, 20% gold, 40% cash. Link to comment Share on other sites More sharing options...
The brown one Posted October 21, 2003 Report Share Posted October 21, 2003 Good analogy,Glad. Only with stocks the range of emotions involved are more varied and longer lasting(usually)! Link to comment Share on other sites More sharing options...
Guest Posted October 21, 2003 Report Share Posted October 21, 2003 Silver at $5 again. Gold moving up a little. Should prove to be an interesting day. How much of TXN's earnings have already been discounted in the market? Link to comment Share on other sites More sharing options...
MyGoldenStool Posted October 21, 2003 Report Share Posted October 21, 2003 Silver at $5 again. Gold moving up a little. Should prove to be an interesting day. How much of TXN's earnings have already been discounted in the market? 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. Link to comment Share on other sites More sharing options...
Lock Limit Down Posted October 21, 2003 Report Share Posted October 21, 2003 Great read over at Financial Sense Online last night.... Amazon is still losing money; while its competitors are earning a profit. Can intelligent investors be valuing the Amazon franchise 12-15 times more than its closest competition? It gets more absurd if you compare Amazon to other brick and mortar retailers....more http://www.financialsense.com/Market/wrapup.htm Good to see there is some integrity left out there...for those that want to hear it that is! Link to comment Share on other sites More sharing options...
Bearman 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! lastnite's runoff in s-p was a bagholders dream........... mk is building one huge pile of stool can't wait for the maggots to hatch........ I have a full stock of flypaper......... Link to comment Share on other sites More sharing options...
wndysrf Posted October 21, 2003 Report Share Posted October 21, 2003 Trouble brewing inside the Paper Pyramid: Link to comment Share on other sites More sharing options...
Guest 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. Link to comment Share on other sites More sharing options...
DrStool Posted October 21, 2003 Report Share Posted October 21, 2003 Rerun Ready for Retest? Your Golden Stool, including short and long term updated charts and price targets, is now loaded. Even if you are not a goldbug, you should read the Golden Stool! A daily Anals release. Take a subscribatory and get your daily release of the Golden Stool RIGHT NOW! 15 Day Intro Subscribatory. Just $2.99! Get In RIGHT NOW! Link to comment Share on other sites More sharing options...
MyGoldenStool 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. I'm not arguing with you- I wouldn't be here otherwise. Just trying to make a little spare change and trade with the bullhorns- being a bear hasn't been easy for over a year now. You also noticed I'm not holding the position. 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: Link to comment Share on other sites More sharing options...
Guest Posted October 21, 2003 Report Share Posted October 21, 2003 Gold now up $4 and silver is trading at $5.04. Link to comment Share on other sites More sharing options...
Bearbones Posted October 21, 2003 Report Share Posted October 21, 2003 From Paul Ruddleston, Morgan Stanley's global tecnical strategist "Although global equity markets have rallied powerfully from the relevant support regions and remain in recovery mode at the moment, no big picture barrier has yet been broken. The nearest relevant resistance on the S&P 500 remains in the 1080/1100 region (which could well coincide with the upside attraction areas at 2650/2750 and 12,700/800 in the Eurostoxx and Hang Seng indexes, respectively). The 1100 barrier would have to be convincingly broken (i.e., 1109 close) to provide the first real sign that global equity markets are ready to move into a truly positive mode. Meanwhile, as long as the big picture barriers remain intact, we are viewing the rally from the early October lows (which still has further to go according to our indicators) as a temporary respite before a renewed decline through the October 2002 lows towards 666. " http://www.morganstanley.com/about/gsb/index.html#x10 Link to comment Share on other sites More sharing options...
Bearman Posted October 21, 2003 Report Share Posted October 21, 2003 doolar stable holding at best TX Z03 9284 9294 9267 9280 + 7 gold up $4 Link to comment Share on other sites More sharing options...
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