BartTheBear Posted September 26, 2003 Report Share Posted September 26, 2003 Commercials have reduced their net short position further on S&P. COT Link to comment Share on other sites More sharing options...
Hypertiger Posted September 26, 2003 Report Share Posted September 26, 2003 Sep. 29, 2003: the WORST DAY IN HISTORY!!! Sorry ... just practicing my Arch Crawford impersonation. But seriously, the Naz is falling apart. Lots of punters and hedgehogs got leveraged up on it. The last thing they need in a shaky economy is for their 'Hail Mary' bet to turn on them and clean them out. Many worried souls will be flipping anxiously through Barron's this weekend, searching for words of encouragement. The market can still be saved, if Al gets back on the ball with a monster Feed fart. But any unexpected event -- the sort that reminds us that the world is a chaotic place where no one is really in charge -- could shatter confidence and provoke a 'Blue Monday,' if not something darker. Snarling bearish. Death to the Naz! Oh yes they can do alot but once they flip the switch on the do not collapse money machine they won't be able to stop...untill a paper clip costs a billion dollars... Now if the fed would monitize the unemployed then great until everyone decided it would be better to be unemployed... Link to comment Share on other sites More sharing options...
The End Posted September 26, 2003 Report Share Posted September 26, 2003 I'm out of all short spx positions. I see 1017-1020 soon and then hard down to the 970 area. Happy New Year to the jewish stoolies. Gots to go prey. Have a safe and enjoyable weak-end. We all earned it. :grin: Link to comment Share on other sites More sharing options...
BartTheBear Posted September 26, 2003 Report Share Posted September 26, 2003 COT Gold contract Silver Link to comment Share on other sites More sharing options...
BartTheBear Posted September 26, 2003 Report Share Posted September 26, 2003 NAMO Wamo Link to comment Share on other sites More sharing options...
Hypertiger Posted September 26, 2003 Report Share Posted September 26, 2003 If the recovery...any recovery is based on Tech...there will not be a recovery ever... Wages must start significantly rising to make debt inflation which is mostly a product of consumer consumption of debt grow the required amount... since Christmas 2 million workers a month have been recycled into lower income brackets or vaporized... If you owe $1 and can only come up with .99 a penny is all it takes to default...bleeding to death is just a function of blood loss over time... It can be quick and it can be slow but ultimately terminal... Link to comment Share on other sites More sharing options...
TGakaTheBigHurt Posted September 26, 2003 Report Share Posted September 26, 2003 Hmmmm, from 9/9 - 9/23 Commercials traders of large SPX contract have taken the opportinuty to cut their net shorts way back from a pretty substantial and bearish 67K contracts to a short position of just 2K contracts. Last time they started covering shorts like this was mid March. Link to comment Share on other sites More sharing options...
Guest Posted September 26, 2003 Report Share Posted September 26, 2003 This passed week was not good, (unless your a bear). The employment picture is exceedingly grim. Layoffs http://news.google.com/news?hl=en&q=layoffs Job cuts http://news.google.com/news?hl=en&q=%22cut%20jobs%22 Lost jobs http://news.google.com/news?hl=en&q=%22lost%20jobs%22 Store closings http://news.google.com/news?hl=en&q=%22sto...e%20closings%22 Plant closings http://news.google.com/news?hl=en&q=%22pla...t%20closings%22 Bankrupcy http://news.google.com/news?hl=en&q=bankru...Google%2BSearch Link to comment Share on other sites More sharing options...
chibear Posted September 26, 2003 Report Share Posted September 26, 2003 Thanks, Mark. Great satire. Link to comment Share on other sites More sharing options...
Hiding Bear Posted September 26, 2003 Report Share Posted September 26, 2003 Another great MTM Mark. Thanks! Also congradulations to Doc, plus great market calls by Stoolies who popped in at just the right time to give their top call. Also Oyster stepped into to IDS. See link below. GE voluntarily cut its mortgage unit's credit ratings. How quiant. There couldn't possibly be anything wrong with the mortgage market? Well? GE Mortgage Insurance, a unit of General Electric Co. (GE), Friday said it plans to run its operations at capital levels consistent with a double-A rating and give up its triple-A ratings. That was followed promptly by action from the ratings agencies. Moody's Investors Service, Standard & Poor's and Fitch Ratings downgraded their triple-A insurer financial strength ratings for GE Mortgage to double-A and assigned a stable outlook. "It simply makes sense for us to use our capital as efficiently as possible," Tom Mann, president and chief executive officer of GE Mortgage , said in a written statement. "By operating at the 'AA/Aa2' capital levels that prevail in the industry, we can free excess capital to improve our return on equity while aggressively filling the needs of our lenders, investors and the low down payment market." If you want to save 100,000 Euros, read what Oyster and others have to say Link to comment Share on other sites More sharing options...
machinehead Posted September 26, 2003 Report Share Posted September 26, 2003 The world's largest passenger ship [the Queen Mary 2] ? featuring a planetarium, 22 elevators and the largest floating library ? tested the open water for the first time Thursday as it began a three-day cruise off the French coast. Rule the waves She's owned by Cunard Lines, owned by Carnival. The project was conceived in 1998, during the bubble era. If new "tallest buildings" are the kiss of death for a boom, how about the largest ship? Link to comment Share on other sites More sharing options...
Goldmember Posted September 26, 2003 Report Share Posted September 26, 2003 One for the Mo-Mo Monkey Ah....I forget what this one is. Link to comment Share on other sites More sharing options...
wndysrf Posted September 26, 2003 Author Report Share Posted September 26, 2003 Gary B. Smith at TheStreet.com has always said that the most bearish of patterns is the downsloping megaphone. Here it is, on the Russell 2000. Capped off by a bearish engulfing candle. Link to comment Share on other sites More sharing options...
Mo-Mo Monkey Posted September 26, 2003 Report Share Posted September 26, 2003 Another tough day. But a great buying opportunity!!! Best time to buy was when fear is the highest!!! Everyone is so scared! I'm buying!!! Added more to EBAY, AMZN, and YHOO. Cramer said shorts will blown away on these three!!! Went on margin to buy AMAT and ORCL near the end of the day. These are going to lead the big recovery!!! The short sellers must be careful!!! You remember what happened the last time the bears got too giddy!! Party time for the bulls on Monday!!! I'm lovin' this market. Up 55% this year already!! How about you guys??? Anyone else making money??? I need to find that Piledriver person, he seems to be making some good coin!!! Get ready to rumble next week!!! The mutual fund contributions start coming in for the big 401k splash!! Big buying spree coming up!! Waiting for some more repurchase thingys or whatever to get injected into the system. Come on, Greenspan baby!! Bring on Bernanke!!! More money for the Mo-Mo Monkey!!! Link to comment Share on other sites More sharing options...
FeedFool Posted September 26, 2003 Report Share Posted September 26, 2003 If there is going to be a new down trend then Nasty will lead so watch for nasty and Joke price divergence. So far election rally is still on the card. So shorting the Joke once sell signal come since Joke will make a new high but nasty will fail to make new high just like March 2002. One thing still is in bears side is Crooks needs to get the yields down without it Economy will go to the slaughterhouse so shares price will have to come down so silly old bonds bond guys will buy more long as shares are dropping. So drop is not over yet so watch the 2nd of October for the bottom. Link to comment Share on other sites More sharing options...
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