Guest yobob1 Posted June 18, 2004 Report Share Posted June 18, 2004 Welcome to B4 the Bell Where the light of sanity illuminates the dark insanity our world has become Checking in on the 3AM Viagra dose .... looks like it's working but slowly so far. And let's see how Uncle Bucky is doing. As expected, at least by me anyway, Uncle Bucky continues limping around in a small circle. A moderate strengthening of Uncle Bucky over the intermediate won't shock me, in fact it should be anticipated IMO. As a key part of the constant intervention and manipulation of the financial markets, bond prices are once again behaving contrary to short term fundamental analysis. Or does the bond market smell something? Blame it on the dog if they're wrong. Greeneggsandspam on the one hand says rates must rise while simultaneously laying out a hundred and one reasons why rates are fine where they are. Yes we have no bananas. The truth is he knows he can't raise rates much if any without causing a deep tremor in the global financial markets. If anything he may be thinking about ways to justify a rate cut at some point not too far down the road. The credit contraction appears to be beginning a more serious phase just when the ridiculously lax credit standards of the last few years are preparing to bite the lenders in the ass, as all of those what should have been high risk loans, begin to show why they should have never been made to begin with. Unfortunately for the live happy forever crowd, there is always a ying to match the yang. Prepare to be yinged as what is begining to occur is beyond the fed's ability to control, unless the fed is prepared to force people at gunpoint to make and take inadvisable loans. Imagine three balls hanging from a rope tied to the ceiling. The lowest ball (stock market) is joined to the bottom of the next ball (bond market) by a short piece of rope and that ball is joined to the bottom of the highest ball (forex) by another piece of rope which is hung from the ceiling by another short piece of rope. If you hold the second ball static while inducing a swinging motion in the bottom ball and then you release the second ball, over time the motion in the bottom ball will induce motion into the second ball and subsequently into the highest ball. This to me describes what has happened in the financial markets over the last 4 years. Now all of the balls are swinging around. Link to comment Share on other sites More sharing options...
The brown one Posted June 18, 2004 Report Share Posted June 18, 2004 Gold/Euro moving up rather smartly today.Both 100 and 200dma are around this level. Link to comment Share on other sites More sharing options...
Guest Posted June 18, 2004 Report Share Posted June 18, 2004 Greeneggsandspam and Swinging Balls??? Go Yobob! With Cheney's outrageous interview on CNBS last night, essentially blaming the media and the 9/11 Commission for getting it wrong (transcript on drudgereport.com), and with Bush standing firmly behind his Prime Minister...we now hear from Russian President Vladimir Putin: Friday, June 18, 2004 ? Last updated 4:26 a.m. PT Putin: Russia gave Bush info on terrorism THE ASSOCIATED PRESS ASTANA, Kazakhstan -- Russia gave the Bush administration intelligence that suggested Saddam Hussein's regime was preparing attacks against the United States and its interests abroad before the Iraq war, President Vladimir Putin said Friday. http://seattlepi.nwsource.com/national/ape...20Russia%20Iraq So, with Putin's jailing of the largest oil mogul in Russia, and his apparent rescue attempt of the present administration here in the U.S., it would appear that Putin and the oil barrons in the White House have some plans pertaining to the oil that was once controlled by Yukos, and is now apparently controlled by Putin. Or, possibly, this is all just another happy coincidence. Link to comment Share on other sites More sharing options...
The brown one Posted June 18, 2004 Report Share Posted June 18, 2004 Greeneggsandspam and Swinging Balls??? Go Yobob! With Cheney's outrageous interview on CNBS last night, essentially blaming the media and the 9/11 Commission for getting it wrong (transcript on drudgereport.com), and with Bush standing firmly behind his Prime Minister...we now hear from Russian President Vladimir Putin: Friday, June 18, 2004 ? Last updated 4:26 a.m. PT Putin: Russia gave Bush info on terrorism THE ASSOCIATED PRESS ASTANA, Kazakhstan -- Russia gave the Bush administration intelligence that suggested Saddam Hussein's regime was preparing attacks against the United States and its interests abroad before the Iraq war, President Vladimir Putin said Friday. http://seattlepi.nwsource.com/national/ape...20Russia%20Iraq So, with Putin's jailing of the largest oil mogul in Russia, and his apparent rescue attempt of the present administration here in the U.S., it would appear that Putin and the oil barrons in the White House have some plans pertaining to the oil that was once controlled by Yukos, and is now apparently controlled by Putin. Or, possibly, this is all just another happy coincidence. Geez,before you know it they'll be finding WMD's in the country! That will be the next thing to save the market--see,we weren't lying after all. Link to comment Share on other sites More sharing options...
Guest Posted June 18, 2004 Report Share Posted June 18, 2004 Greeneggsandspam and Swinging Balls??? Go Yobob! With Cheney's outrageous interview on CNBS last night, essentially blaming the media and the 9/11 Commission for getting it wrong (transcript on drudgereport.com), and with Bush standing firmly behind his Prime Minister...we now hear from Russian President Vladimir Putin: Friday, June 18, 2004 ? Last updated 4:26 a.m. PT Putin: Russia gave Bush info on terrorism THE ASSOCIATED PRESS ASTANA, Kazakhstan -- Russia gave the Bush administration intelligence that suggested Saddam Hussein's regime was preparing attacks against the United States and its interests abroad before the Iraq war, President Vladimir Putin said Friday. http://seattlepi.nwsource.com/national/ape...20Russia%20Iraq So, with Putin's jailing of the largest oil mogul in Russia, and his apparent rescue attempt of the present administration here in the U.S., it would appear that Putin and the oil barrons in the White House have some plans pertaining to the oil that was once controlled by Yukos, and is now apparently controlled by Putin. Or, possibly, this is all just another happy coincidence. The chief lying weasel in Russia attesting to the veracity of the lying weasels in Washington. Power, big money and oil make strange bedfellows. Link to comment Share on other sites More sharing options...
Guest Posted June 18, 2004 Report Share Posted June 18, 2004 MASSIVE STRATEGIC BLUNDER: Cheney said this in his interview on CNBS last night: "The press, with all due respect, (is) often times lazy, often times simply reports what somebody else in the press said without doing their homework." Considering the absolute control which this administration has enjoyed over the press corps since 9/11, I think it's safe to say the gloves are now coming off in editorial meetings this morning. Any journalist who is not offended by these comments deserves to be called lazy, and probably deserves to be fired. The laziness to which Cheney has referred is actually expressed in the press corps' willingness to accept governmnet propoganda as fact - and print it, without checking the underlying assertions to ascertain the truth, and the "agenda" behind the story. Those days are over, and Cheney did it to himself. STRATEGICALLY TONE DEAF Cheney blasts media on al Qaeda-Iraq link Says media not 'doing their homework' in reporting ties Friday, June 18, 2004 Posted: 2:25 AM EDT (0625 GMT) http://www.cnn.com/2004/ALLPOLITICS/06/18/....iraq.al.qaeda/ Link to comment Share on other sites More sharing options...
Butterfield 8 Posted June 18, 2004 Report Share Posted June 18, 2004 Last I heard, Yukos was planning on selling Russia's oil reserves to xom. Putin said nyet Link to comment Share on other sites More sharing options...
Lock Limit Down Posted June 18, 2004 Report Share Posted June 18, 2004 A history lesson and great read over at http://www.jsmineset.com "I thought you might have some fun with that. What really struck me was the "Enron" like similiarities of so many firms operating back then (stock price manipulation) and the complete disregard of fiscal sanity when it came to indebtedness. Not only that, the continued issuing of government bonds to raise funds to replenish the gold reserves is strikingly familiar to today's federal government's exponential increase in indebtedness to fund operations. How's that for an early version of Bernanke's liquidity mechanism"... And another article... "Jane's draws significant parallels between the current situation in Saudi Arabia and the final months of the Shah of Iran before he went into exile. Jane's observes the collapse of authority in Saudi Arabia and comments that once this begins the end is a self fulfilling prophecy. Once there is a perception that the old regime is doomed, it is usually just a matter of time before it actually collapses. Jane's made exactly this prediction in the same words concerning the events of 1979 in Iran." Link to comment Share on other sites More sharing options...
Guest Posted June 18, 2004 Report Share Posted June 18, 2004 CECO down $9 !!!!!!!!!!!!!!!!!!!!!!!!!!! APOL down $3 !!!!!!!!!!!!!!!!!!!!!!!!!!!! LOB! Link to comment Share on other sites More sharing options...
Lock Limit Down Posted June 18, 2004 Report Share Posted June 18, 2004 They are buying debt again this morning TNX -.50% Link to comment Share on other sites More sharing options...
Guest Posted June 18, 2004 Report Share Posted June 18, 2004 7:38am 06/18/04 Career Education says class action suit is w/o merit ?(CECO)?By Michael Baron NEW YORK (CBS.MW) -- Shares of Career Education Colleges (CECO) slumped in pre-market action, losing 7.5 percent to $62 on Instinet. The Hoffman Estates, Ill., provider of education services said it has reviewed a copy of an amended class action complaint filed by Goodkind Labaton Rudoff & Sucharow LLP, and that it continues to believe the complaint is without merit. Career Education said it and the individuals named in the complaint plan to vigorously defend themselves against it. http://www.marketwatch.com/news/newsfinder...4&property=sid& Link to comment Share on other sites More sharing options...
Lock Limit Down Posted June 18, 2004 Report Share Posted June 18, 2004 Madame W Follow up to yesterday...Seems you were on the money " "It was reported today on CNN that 29% of those precious new jobs created in the US went to non-US citizens. With not only the US but most of the developed world entering the "last days of the Roman Empire," guess who does all the manual labor and the hamburger flipping. You got it: Those that are waiting for their green cards or who are simply waiting. This should give you some take on the quality of new jobs that have been created"... Im shocked CNN was so candid... Link to comment Share on other sites More sharing options...
Tchaikofsky Posted June 18, 2004 Report Share Posted June 18, 2004 CECO down $9 !!!!!!!!!!!!!!!!!!!!!!!!!!! APOL down $3 !!!!!!!!!!!!!!!!!!!!!!!!!!!! LOB! More compelling values to snap up. Link to comment Share on other sites More sharing options...
Bearbones Posted June 18, 2004 Report Share Posted June 18, 2004 They are buying debt again this morning TNX -.50% Watch the 4.62% level. It's a retrace from the original move up. If we break it substantially, 4.25% should be next. Link to comment Share on other sites More sharing options...
The brown one Posted June 18, 2004 Report Share Posted June 18, 2004 CECO down $9 !!!!!!!!!!!!!!!!!!!!!!!!!!! APOL down $3 !!!!!!!!!!!!!!!!!!!!!!!!!!!! LOB! More compelling values to snap up. Guess all those new hamburger flippers just cannot afford to become America's rocket scientists of tomorrow Link to comment Share on other sites More sharing options...
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