Guest Posted September 10, 2003 Report Share Posted September 10, 2003 September 9, 2003 -- WAS the nation's productivity miracle a hoax? The supposed rise in productivity was the silver lining in the economic cloud of the last three years. Fed chief Alan Greenspan has spoken proudly of it, saying the United States was becoming a more efficient producer of goods. But the slip of a tongue may call the whole productivity miracle into question . . . Link to comment Share on other sites More sharing options...
BeerMarket Posted September 10, 2003 Report Share Posted September 10, 2003 good morning stoolies. MoGauge gets a bump this week, the 5 handle on the rates drew in some stragglers I guess: Mortgage Applications Jumped Last Week butt according to mayor TV, WSJ has a story about how CFC, etc, may be in for hard times. Ya think? NCC took the opportunity to warn - hey, they were probably going to take a hit anyway. Also saw part of an interview with some Wachovia anal cyst, wasn't paying attention but then he started recommending gold as an inflation hedge. He said he thinks the ETF could be available within a month. But he also said to be sure to buy the dips in stocks! Link to comment Share on other sites More sharing options...
Ned38 Posted September 10, 2003 Report Share Posted September 10, 2003 Gold down $3? Link to comment Share on other sites More sharing options...
The End Posted September 10, 2003 Report Share Posted September 10, 2003 I had a great time at the NYCASS mtg. Here are some shots. More tomorrow. Link to comment Share on other sites More sharing options...
The End Posted September 10, 2003 Report Share Posted September 10, 2003 The Gang at dinner. Above was Doc and Madame Stool. Link to comment Share on other sites More sharing options...
The End Posted September 10, 2003 Report Share Posted September 10, 2003 Gruff all the way from Brussles. WOW! Link to comment Share on other sites More sharing options...
BeerMarket Posted September 10, 2003 Report Share Posted September 10, 2003 I was wondering if the 100 EMA would hold again for RGLD, but it's gonna be tough with gold down 3+: http://stockcharts.com/def/servlet/SC.web?c=RGLD,uu[w,a]daclyyay[dc][pc100!c200!f][vc60][iUb14!La12,26,9]&pref=G Nasty futures down 8. thanks for the pics TE! Link to comment Share on other sites More sharing options...
OceanBound Posted September 10, 2003 Report Share Posted September 10, 2003 End, Who is who? AussieBear, I focus on the S&P. Just read who was who Link to comment Share on other sites More sharing options...
Guest Posted September 10, 2003 Report Share Posted September 10, 2003 Today does not look good. I've put in an order to sell all at open and will reposition later. Link to comment Share on other sites More sharing options...
longOnUranus Posted September 10, 2003 Report Share Posted September 10, 2003 Today does not look good. I've put in an order to sell all at open and will reposition later. All that Quervo has rotted your brain. I haven't read a sentence like that since I lurked the AOL chat rooms. Link to comment Share on other sites More sharing options...
wndysrf Posted September 10, 2003 Report Share Posted September 10, 2003 Today's Bullhorning: Thomas Weisel upgraded Emulex (ELX: news, chart, profile) to "peer perform" from "underperform," citing an overall improvement in storage market demand. Lehman Bros. downgraded Spanish language TV broadcaster Univision Communications (UVN: news, chart, profile) to "equal weight" from "overweight," citing valuation. Morgan Stanley upgraded Southwest Airlines (LUV: news, chart, profile) to "overweight" from "equal weight," due to the stock's recent underperformance relative to its peers. Micron Technology (MU: news, chart, profile) saw its shares downgraded by SoundView Technology to a "neutral" rating and its price target shaved to $16 from $21 Link to comment Share on other sites More sharing options...
wndysrf Posted September 10, 2003 Report Share Posted September 10, 2003 Sentiment still pinned. BPI's rose to record all time highs yesterday despite the late day selloff.... http://stockcharts.com/candleglance?$...#124;C|d20 Link to comment Share on other sites More sharing options...
Wahoo Posted September 10, 2003 Report Share Posted September 10, 2003 Weekly of NEM. They sold the hell out of it once it hit the abc target. Link to comment Share on other sites More sharing options...
The Mad Hungarian Posted September 10, 2003 Report Share Posted September 10, 2003 good morning stoolies. MoGauge gets a bump this week, the 5 handle on the rates drew in some stragglers I guess: Mortgage Applications Jumped Last Week butt according to mayor TV, WSJ has a story about how CFC, etc, may be in for hard times. Ya think? NCC took the opportunity to warn - hey, they were probably going to take a hit anyway. Also saw part of an interview with some Wachovia anal cyst, wasn't paying attention but then he started recommending gold as an inflation hedge. He said he thinks the ETF could be available within a month. But he also said to be sure to buy the dips in stocks! Beer Market, Read that WSJ story about the impending job cuts in the mortgage business, one estimate of up to 150,000 jobs over the next 6 months. With all these new "involuntary entrepreneurs" being created, it MUST be bullish, right? In addition to this news, page A2 contains more "bullish" news such as: "Health Care Coverage Premiums Rise 13.9%" (Inflation? What Inflation?) "US nonfinancial debt rose at a 12% annualized pace during the second quarter, double the 6% rate during the first quarter, and the fastest pace since the 4th quarter of 1986." Less jobs, more debt, higher rates= bullish? Link to comment Share on other sites More sharing options...
BeerMarket Posted September 10, 2003 Report Share Posted September 10, 2003 ...Morgan Stanley upgraded Southwest Airlines (LUV: news, chart, profile) to "overweight" from "equal weight," due to the stock's recent underperformance relative to its peers. ... yeah, great call - because they haven't bounced as much as the others because they never went down to begin with, you should buy them now due to "recent underperformance". Link to comment Share on other sites More sharing options...
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