Hiding Bear Posted July 28, 2004 Report Share Posted July 28, 2004 Welcome to B4 The Bell! Quoting Machinehead on July 22: The front month for crude oil is now the Sep. 2004 contract. The contract high was set a week ago at $41.90. It's within 50 cents of that level today. Crude oil going over $42.38 (this year's high for any front month) will finish off the market and Bubble II for good. Well we breeched that price in trading this morning. Be prepared for the shockwave coming. Mortgage activity didn't improve much at all last week. The credit bubble is running out of gas - and it's not getting any from energy prices! US mortgage applications rise in July 23 week-MBA Wed Jul 28, 2004 06:59 AM ET NEW YORK, July 28 (Reuters) - New applications for U.S. mortgages climbed last week for the first time in three weeks as most mortgage interest rates increased, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted market index, a measure of mortgage activity, moved slightly higher for the week ending July 23 by 0.6 percent to 621.4 from the previous week's 617.9. The Washington trade group's purchase index, a gauge of new loan requests for home purchases, rose last week by 1 percent to 444.8 from 440.3 in the prior week. The Washington trade group's seasonally adjusted refinancing index dipped by 0.1 percent to 1,648.8 from previous week's 1,651.1. Thirty-year mortgage rates, excluding fees, averaged 5.97 percent, up 0.01 percentage point from the previous week. Last week's average 30-year rates were up 0.1 percentage point from the comparable week a year ago. http://www.reuters.com/financeNewsArticle....storyID=5797265 Link to comment Share on other sites More sharing options...
DrStool Posted July 28, 2004 Report Share Posted July 28, 2004 Reason For Hope Or False Hope Your Golden Stool, including short and long term updated charts and price targets, is loaded. Even if you are not a goldbug, you should check out the Golden Stool. It's in your Anals daily. Take a subscribatory and download the Golden Stool RIGHT NOW! 30 Day Intro Subscribatory. Just $16.99! Get In RIGHT NOW!? Link to comment Share on other sites More sharing options...
Hypertiger Posted July 28, 2004 Report Share Posted July 28, 2004 For the past 2 years I've kind of been talking about the ability of the monetary authorities to engineer bottoms... That's what the plunge protection team does best. When they can't engineer a bottom anymore then other covering events can take place... Osama planned and executed this operation perfectly...Years in the planning...to crash the DOW below long term resistance... Why did the DOW breakdown past the almost 3 year resistance line? Answer...Osama... Also known as Primative rag head filth... or Arabs and Moslems... Depraved Wallstreet scum get off the hook...and half the population of the US will commit genocide at the drop of a hat.... Link to comment Share on other sites More sharing options...
DrStool Posted July 28, 2004 Report Share Posted July 28, 2004 Bong Yields Blast Higher Buck Puffs Along Uncle Buck and the Long Bong Hit, including short and long term updated charts and price targets, is now loaded. Take a subscribatory and get the latest whiff of Uncle Buck and the Long Bong Hit. 30 Day Intro Subscribatory. Just $16.99! Get In RIGHT NOW! Link to comment Share on other sites More sharing options...
DrStool Posted July 28, 2004 Report Share Posted July 28, 2004 If the board stalls today, as it probably will since we have not identified the cause, please hold off on posting or refresh the page for about 3 minutes. The spike usually drops back within 3 minutes. If everyone is constantly refreshing the page, it exacerbates things. I am working with the hosting company to identify the cause and correct it. Also have a new server on order. Stoolmail , which may be the cause of the problem due to spammer abuse, and virus infected emails, will be shut down August 3. If you have any valuable messages there, save them to your hard drive. Link to comment Share on other sites More sharing options...
HiHat Posted July 28, 2004 Report Share Posted July 28, 2004 ask youselves this..........with valuations where they are...vix, vxo, where they are..........who enmasse is coming in here up to the plate to buy this thing..........? Link to comment Share on other sites More sharing options...
Bearman Posted July 28, 2004 Report Share Posted July 28, 2004 ask youselves this..........with valuations where they are...vix, vxo,where they are..........who enmasse is coming in here up to the plate to buy this thing..........? MF's on their credit lines backed by the gang of 22 Link to comment Share on other sites More sharing options...
DrStool Posted July 28, 2004 Report Share Posted July 28, 2004 According to the Fed model the market is undervalued. BWAAAAAHAHAHAHAHAHAHAH BWAAAAAHAHAHAHAHAHAHAH BWAAAAAHAHAHAHAHAHAHAH Link to comment Share on other sites More sharing options...
Guest Posted July 28, 2004 Report Share Posted July 28, 2004 Legg Mason Cuts Career Education To Hold From Buy >CECO 07/28/2004 Dow Jones News Services Stearns Cuts Career Education To Underperf From Peer Perf 07/28/2004 Dow Jones News Services Link to comment Share on other sites More sharing options...
DrStool Posted July 28, 2004 Report Share Posted July 28, 2004 One Foot Over The Edge MoGauge To Fall On New Rate Rise? Once a week Doc fills you in on the all important MoGauge , straight from the MoGauge Bankers Ass. The MoGauge reflects a major source of liquidity in the financial bubble world and is an important indicator of future market behavior, often forecasting broad market movements months in advance. Take a subscribatory and download your MoGauge RIGHT NOW!? 30 Day Intro Subscribatory. Just $16.99! Get In RIGHT NOW! You want history? Read the Wall Street Journal. If you want real time, forward thinking analysis, read the Anals! Don't be behind. Get in front of the news with the Anals! Link to comment Share on other sites More sharing options...
An Ant Posted July 28, 2004 Report Share Posted July 28, 2004 Doc, One realizes the board has stalled after hitting refresh. After a long wait shows up the TCP_ERROR suggesting to try after some time or sometimes immediately with MySQL error. Link to comment Share on other sites More sharing options...
K Wave Rider Posted July 28, 2004 Report Share Posted July 28, 2004 Looks like I might have a "career" day in the edumacation stocks today.. CECO down $5.. :grin: Link to comment Share on other sites More sharing options...
GregFokker Posted July 28, 2004 Report Share Posted July 28, 2004 Anyone know the symbol for Sept crude on IB? Link to comment Share on other sites More sharing options...
HiHat Posted July 28, 2004 Report Share Posted July 28, 2004 i say this............thinking "they"........are a monolith....whose sole purpose and concern, is keeping markets propped up in order to get dickhead re-elected is a FALSE premise. for all we know denizens of things like Bohemian Grove etc. are making provisions as we speak to pull the plug on what is in fact a huge embarasment for u.s. in eyes of world. you get more with honey than vinegar.....dickhead flunked the test. Link to comment Share on other sites More sharing options...
Pee Brain Posted July 28, 2004 Report Share Posted July 28, 2004 hiding bear - had breakfast with a buddy who knows an appraiser that shares offices with a bunch of residential appraisers. he says they are are dead in the water. talked to another buddy who sells real estate. he said 2 months ago there were ONLY 5 listings in his target market and a ton of pending sales. now there are 32 listings and listings/offered out-number pending sales by a ratio of 5 to 1. i suspect WAMU gets taken out. just a guess Link to comment Share on other sites More sharing options...
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