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B4 the Bell Frydaddy Oct 8, 2004


Guest yobob1

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Just remember that when hard times manifest................YOU...........the

 

negative nabobs of negativism.........will be blamed by populace and

our "friends", who we tried to enlighten.

 

Best to probably keep a low profile going forward...............................

Bears are often greeted with the same enthusiasm as the repo man.

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Treasuries Gain Most in Two Months on Below-Forecast Job Growth

Oct. 8 (Bloomberg) -- U.S. Treasuries had their biggest gain in two months after the economy created fewer jobs than forecast, boosting speculation the Federal Reserve will skip an interest- rate increase at one of its two remaining meetings this year.

 

Demand for government debt increased a day after Fed Governor Ben S. Bernanke said yesterday the central bank policy makers would likely slow their ``measured'' pace of rate increases if reports showed the economy beginning to lose steam.

 

``You have to assume there's still a very good chance the Fed will pause in tightening soon, and the pause itself is worth the 10-year trading down to 4 percent or below,'' in yield, said Dominic Konstam, head of U.S. interest-rate strategy in New York at Credit Suisse First Boston. The firm is one of the 22 primary U.S. government securities dealers that trade with the Fed's New York branch.

 

The 4 1/4 percent Treasury note maturing in August 2014 rose about 7/8, or $8.75 per $1,000 face amount, to 101 15/16 at 10:42 a.m. in New York, according to bond broker Cantor Fitzgerald LP. Its yield, which moves in the opposite direction of price, declined 11 basis points to 4.13 percent, the biggest drop since Aug. 6 -- the day July employment was reported. A basis point is 0.01 percentage point.

 

Other Treasuries also gained the most since Aug. 6. Two-year notes, more sensitive than other maturities to changes in expectations for Fed rate policy, rose more than 3/16 to 99 27/32 and the yield fell to 2.58 percent from 2.70 percent.

http://quote.bloomberg.com/apps/news?pid=1...gcs8&refer=home

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Just remember that when hard times manifest................YOU...........the

 

negative nabobs of negativism.........will be blamed by populace and

our "friends", who we tried to enlighten.

 

Best to probably keep a low profile going forward...............................

agree 110%

Uh wasn't that "nattering nabobs of negativism". :lol:

 

Spiro T. Agnew. Seems like yesterday.

His resignation was on Oct. 10, 1973 -- 31 years ago as of Sunday.

 

Thugs like Cheney make Agnew seem a rather harmless rogue by comparison ... :cry:

 

"Nattering nabobs of negativism" far exceeds the linguistic capacity of Cheney and Chimpster's combined ratiocinative powers ... :lol:

Pat Buchanan ghosted "nattering nabobs." He's around but even he thinks the smirking chimp is wrong.

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=DJ Krispy Kreme Won't Add Detail On Formal SEC Probe >KKD

 

  By Mary Ellen Lloyd

  Of DOW JONES NEWSWIRES

 

  CHARLOTTE (Dow Jones)--Krispy Kreme Doughnuts Inc. (KKD) won't provide details about the Securities and Exchange Commission's move to formalize an investigation of the doughnut maker, a company spokeswoman said. But the news may imply the investigation is moving to a more serious stage and may be less likely to be terminated without charges, a former SEC attorney and current securities defense lawyer said.

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Weekly Leading Index Edges Up

10/08/2004

NEW YORK, Oct 8 (Reuters) - A leading index of the U.S. economy inched higher in the latest week due to a decline in people filing for initial jobless claims and higher mortgage applications, a report showed on Friday.

 

The Economic Cycle Research Institute, an independent forecasting group, said its weekly leading index (WLI) crawled up to 131.8 in the week ended Oct. 1 compared with 131.4 in the previous week.

 

The index's annualized growth rate, which smoothes out weekly fluctuations, fell by -0.6 percent from a revised -0.3 percent in the prior week.

 

"Today's employment report showing job growth of about 100,000 a month underscores what the weekly leading index has been telling us since the spring," said Lakshman Achuthan, Managing Director of ECRI.

 

"The throttling back in growth this summer was no soft patch, but rather a cyclical downturn in the growth rate of the economy that will continue through early 2005," Achuthan added.

 

http://www.businesscycle.com/showstory.php?storyID=729

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Dollars to Donuts.........Insiders probably got word FED.........will keep

rates unchanged @ next ..go.......that is likely what all this up-froth is about

lately............

 

Brian is right there is over 50000 calls to go off in 1140's++++

it ain't happening.....................

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