Hiding Bear Posted May 27, 2004 Report Share Posted May 27, 2004 Welcome to B$ The Bell! Do oil shocks matter? The detrimental effect of oil price increases on economic growth was first emphasized by economists in the early 1980's. In a landmark study, James Hamilton, now of the University of California, San Diego, concluded, "All but one of the U.S. recessions since World War II have been preceded, typically with a lag of around three-fourths of a year, by a dramatic increase in the price of crude oil." Surprisingly, Professor Hamilton found that oil price increases were associated with slower growth even before the 1973 OPEC oil embargo. Time has been good to Professor Hamilton's hypothesis. http://www.nytimes.com/2004/05/27/business/27scene.html Do bankruptcies matter? Not to RCN employees, but maybe to the shareholders who will lose more than 99% of their money: NEW YORK -- RCN Corp., which is trying to compete against cable companies by laying its own fiber network, filed for Chapter 11 bankruptcy protection as part of a restructuring agreement with its creditors. "Today's filing is very positive news for RCN employees and customers," said RCN Chief Executive David McCourt. "RCN can reduce its debt and emerge as a stronger, more efficient company, giving us a competitive advantage in the long run." RCN's stock, which rose above $70 in early 2000, was up two cents, or 12%, on the day to 19 cents a share at 4 p.m. Wednesday in Nasdaq Stock Market trading. http://online.wsj.com/article/0,,SB1085652...e_whats_news_us Link to comment Share on other sites More sharing options...
Guest Posted May 27, 2004 Report Share Posted May 27, 2004 Interesting...today's theme seems to be "watch the price of oil...stocks in Europe have been moving tick for tick with the price of oil...as oil price drops, stocks will rise." It seems like only yesterday that they were saying that oil priced at these high levels doesn't really matter. Oh, that's right...it was only yesterday. It would seem as though the Matrix has managed to strong arm OPEC into gradually reducing prices, or the mouthpieces would not be telling us to watch it as an indicator of stock price action. The Shell Game continues... Link to comment Share on other sites More sharing options...
HiHat Posted May 27, 2004 Report Share Posted May 27, 2004 SnP hit and bounced merrily off 200 day. How convenient. Something afoot here...........WARNING....looking for something to take this down today, like a bolt of lightening. Looking to get SHORT..........up in 1121-22 area. Link to comment Share on other sites More sharing options...
mjkst27 Posted May 27, 2004 Report Share Posted May 27, 2004 I wonder if the recession-oil correlation is actually a recession-gasoline correlation Plunger I think you are right with your observation that the Saudis are being set up for a terror strike by being forced to ally themselves so closely to Bush/US. The next 6 months are sure gonna be interesting. listening to my local right wing radio jock this am, I'm thinking Bush starts to turn the corner about now. I think historically the challenger makes some waves early in the year, then the media gets back onside for the stretch run. Kerry is simply an anti-Bush play, with non of his own panache. Gore did well against Bush because Bush was a wildcard and Gore inherited a small bit of Clinton's momentum. Plus, the right wing spin is like religion to a lot of people, and left wing spin seems mostly incoherent, what little of it there is. Link to comment Share on other sites More sharing options...
Guest Posted May 27, 2004 Report Share Posted May 27, 2004 Fear looks like a buy today... watch IPIX TBUS MACE and TASR Link to comment Share on other sites More sharing options...
DrStool Posted May 27, 2004 Report Share Posted May 27, 2004 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! ------------------------------------------------------------------------------- Free stock charts with all your favorite indicators! Just use the chart control form in the left menu. Or go to http://www.capitalstool.com/charts/chart_page.php To post your chart in your post, first, set chart width at 500 pixels, then when the chart comes up, right click the chart, click properties, copy the address (URL) of the chart, go to the message posting screen, click the IMG button, paste the chart image url in the box, and complete your post. If you post on other message boards, feel free to repost Stoolie stock charts! Link to comment Share on other sites More sharing options...
wndysrf Posted May 27, 2004 Report Share Posted May 27, 2004 Fear looks like a buy today... watch IPIX TBUS MACE and TASR If this garbage gets chased up again, then we are surely near another top. I betting on a Gap & Crap today. Link to comment Share on other sites More sharing options...
wndysrf Posted May 27, 2004 Report Share Posted May 27, 2004 Plunger: Now they say when the dollar crashes, foreign investors rush in to buy U.S. Stocks, "looking for bargains"........ Link to comment Share on other sites More sharing options...
twignberries Posted May 27, 2004 Report Share Posted May 27, 2004 listening to my local right wing radio jock this am, I'm thinking Bush starts to turn the corner about now. I think historically the challenger makes some waves early in the year, then the media gets back onside for the stretch run. Kerry is simply an anti-Bush play, with non of his own panache. Maybe, but I think you're underestimating Joe Public's growing dissatisfaction with Bush and his team. It is taking time, but the anti-Bush sentiment is being slow-baked deep into the mind and soul of the nation. The poo-dits will blame it on everything under the sun, but IMO it comes down to one main issue: The relentless lies and half truths (starting with WMD in Iraq) coming out of the presidency are taking their toll. Even my hard core right-wing friends have either turned, or are turning against Bush. Granted, Kerry is not a great alternative, but once this train gets turned around... If only VP McCain would happen. Link to comment Share on other sites More sharing options...
Sudaca Posted May 27, 2004 Report Share Posted May 27, 2004 Greenspan says he really has no clue as to the financial health of the consumer. But don't worry, he'll have a better idea when the results of a survey come in.... in 2006. Only by then it may be too late... CONSUMER SURVEY "Although good overall information on the state of the major sectors of the economy is available regularly, our knowledge about the financial circumstances faced by different types of households is much more limited," the Fed chief explained. "Our survey fills a key part of this gap." Link to comment Share on other sites More sharing options...
Pee Brain Posted May 27, 2004 Report Share Posted May 27, 2004 Plunger: Now they say when the dollar crashes, foreign investors rush in to buy U.S. Stocks, "looking for bargains"........ when the USD crashes, look for foreigners to buy our best companies and assets. WAMU may be the first in a long line of takeovers by foreigners. Link to comment Share on other sites More sharing options...
maximummark Posted May 27, 2004 Report Share Posted May 27, 2004 NAVR may break out here @ 52W high w/blowout #s, and guidance above revenue consensus w/earnings in line @ .74, making target $15 w/20 PE...also watch SSPI for pullback if no news...great DD op on upcoming govvernment contracts...both have reasonable floats Man with greatest number of royal genes has won American election every time...Bush is toast Link to comment Share on other sites More sharing options...
Lock Limit Down Posted May 27, 2004 Report Share Posted May 27, 2004 Gold and Silver flying this morning And the US dollar down big We have definatly turned the corner Link to comment Share on other sites More sharing options...
brian4 Posted May 27, 2004 Report Share Posted May 27, 2004 Morning Crew-Gold is having a big Woody this morning-the market won't like that. We are under the strong influence of Uranus this session look for surprises all day. Window at the open for 45 minutes as the great battle at resistance goes on. Lock n Load! Link to comment Share on other sites More sharing options...
Guest Posted May 27, 2004 Report Share Posted May 27, 2004 Dollar Weak = Bullish Dollar Strong = Bullish War = Bullish End of war = Bullish Resumption of War = Bullish Falling Rates = Bullishi Rising Rates = Bullishi Rising Oil = Bullshi Falling Oil = Bullshi No Terror = Bullshit Terror = Bullshit Increasing Housing Starts = Bullshit Declining Hosuing Starts = Bullshit Link to comment Share on other sites More sharing options...
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