Guest Posted December 19, 2003 Report Share Posted December 19, 2003 . . . from The Daily Reckoning; long but good in a truly one-of-a-kind writing style . . . . . . Then [Joshua] Bolten, and notice that I have dropped the "Mr." because I am obviously working myself into one of my foul moods and I am this far away (let the record show that I am holding up my thumb and forefinger, and that they are almost touching each other) from calling him a lowlife insect, probably something that crawls around in sewers, then says that the budget deficit is "entirely manageable, if we continue the president's strong pro-growth economic policies and sound fiscal restraint." . . . . . . . . . . . . .AND DOC JUST REACHED 20K: From Oversized Charts on IDS today . . . Many of you may not be aware of this. Larger charts which are uploaded to the site are presented in the thread as a thumbnail. Click the pic in the thread and it will open the pic a separate window. Step two- IE has a a built in enlarger. Hold your curser (I curse you motherfornicater) over the lower right corner of the graphic in the new window. In a second, a hidden button will appear. Click it to enlarge the chart. This does not apply to hotlinked charts. For those really gargantuan graphics that distort the thread, rather than hotlinking the graphic, please, just link to the page the pic is located on. Tanks! Link to comment Share on other sites More sharing options...
DrStool Posted December 19, 2003 Report Share Posted December 19, 2003 twenty thousand posts. how sick is that. And Glad has read every single one of them. :lol: And it doesn't even count Stooltrading. Heh heh. just corrected a typo. "Stooltraining" You know, this has not been a good year for bears. But Capitalstool.com has ridden out the storm and is doing just fine, thanks to people like Glad and all of you. The Stool will be around for years to come, regardless of what kind of market it is. Because we're about more than just trading. We're about fighting the never ending battle for Truth, Justice, and the Astoolian Way! Stoolman! Link to comment Share on other sites More sharing options...
GregFokker Posted December 19, 2003 Report Share Posted December 19, 2003 Well well well. Friday. Opex Friday. The Day After. TGIF. Link to comment Share on other sites More sharing options...
DrStool Posted December 19, 2003 Report Share Posted December 19, 2003 Topping or Trending That's The Question Your Golden Stool, including short and long term updated charts and price targets, is loaded each morning. Even if you are not a goldbug, you should check out the Golden Stool, a daily Anals release. Take a subscribatory and get the latest release of the Golden Stool from your Anals RIGHT NOW! Don't miss another Golden Stool! 15 Day Intro Subscribatory. Just $2.99! Get In RIGHT NOW! Link to comment Share on other sites More sharing options...
Hiding Bear Posted December 19, 2003 Report Share Posted December 19, 2003 Got milk? International milk and dairy products company Parmalat doesn?t. The Black Hole that opened in the Bermuda Triangle over Paramalt?s balance sheet looks even bigger today. ?Bank of America does not recognize the authenticity of a document dated March 6, 2003, which attested to the existence of positions in securities and cash corresponding to roughly 3.95 billion euros as of December 31, 2002? Parmalat entered into derivative contracts with hedge funds and other ?offshore? companies, through the help of Citicorpse, to invest its ?4.2billion in current assets. Now the money not only can not be accessed, but some of the money can?t even be found. Parmalat, which has about ?6bn in debt, last week barely avoided default on a ?150m bond. The company is in discussions to avoid default on $400m payment due to investors in its main holding company in Brazil. http://www.nytimes.com/reuters/business/bu...d-parmalat.html MILAN -- Parmalat SpA's financial crisis dramatically worsened Friday as it said Bank of America Corp. informed it that the bank isn't holding the ?3.95 billion ($4.91 billion) in liquidity it reported on its books in September. Parmalat said Bank of America has disavowed the authenticity of a document stating the cash-strapped dairy group's Bonlat Financing Corp. unit held ?3.95 billion in cash and cash equivalents in an account there as of Dec. 31, 2002. The bank also said that on Dec. 17 it had advised Bonlat's accountants, Grant Thornton, that the Cayman Islands-based Bonlat didn't have an account at Bank of America. Link to comment Share on other sites More sharing options...
DrStool Posted December 19, 2003 Report Share Posted December 19, 2003 Current headlines from the Wall Street Urinal. Reload the Urinal frequently throughout the day for all the latest headlines from Dow Jokes, Boomblurb, Rhoiders, TheSheeit.com, CNN Moneyhype, and other news and infomercial sources from around the world. The links are above right, in the left menu, and below the thread. Wall Street Urinal All the news that fits, we print. Oil prices up slightly... CNN Money: Markets & Stocks - 12/19/03 07:52am HEADLINE STOCKS - U.S. stocks to watch on Dec. 19... Reuters Financial News - 12/19/03 07:28am CORRECTED-UPDATE 1-Salesforce.com files $115 mln IPO... Reuters Financial News - 12/19/03 07:28am UPDATE 1-Salesforce.com files $115 mln IPO... Reuters Financial News - 12/19/03 07:28am BNP Paribas, IBM To Set Up Joint IT Services Company... Dow Jones US Market via Morningstar - 12/19/03 07:24am WTC Architects To Unveil Revised Freedom Tower Design... Dow Jones US Market via Morningstar - 12/19/03 07:24am EU OKs Celestica Buy of Manfacturers Services Ltd.... Dow Jones US Market via Morningstar - 12/19/03 07:24am NEWS SNAP: Gold Fields Ventures Into South America... Dow Jones US Market via Morningstar - 12/19/03 07:24am Eurostocks start higher... CNN Money: Markets & Stocks - 12/19/03 07:16am Asia gets a Wall St. boost... CNN Money: Markets & Stocks - 12/19/03 07:16am Parmalat Calls Emergency Meeting as Bank of America Contests $4.9 Billion... Bloomberg: Financial News - 12/19/03 07:10am German Parliament Backs $11 Billion in Tax Cuts and Welfare-System Changes... Bloomberg: Financial News - 12/19/03 07:10am anal cyst is recommending Capital One... The Wall Street Transcript Daily Notes - 12/19/03 06:34am CFO of WesBanco says their goal is to increase return on equity... The Wall Street Transcript Daily Notes - 12/19/03 06:34am anal cyst likes Apollo Group... The Wall Street Transcript Daily Notes - 12/19/03 06:34am Stock rally reloads... CNN Money: Markets & Stocks - 12/19/03 06:30am PacifiCare declares 2-for-1 stock split... Reuters Financial News - 12/19/03 06:26am Parmalat Auditor May Make Statement Friday On BoA Account... Dow Jones US Market via Morningstar - 12/19/03 06:20am EU OKs Texas Pacific, J.P. Morgan Buy Of Kraton Polymers... Dow Jones US Market via Morningstar - 12/19/03 06:20am LukOIl Signs $330 Million Pact... Dow Jones US Market via Morningstar - 12/19/03 06:20am BAT Can't Renew Philip Morris Contract When It Buys ETI... Dow Jones US Market via Morningstar - 12/19/03 06:20am Lufthansa To Cancel Frankfurt-Phoenix Flights From Feb 1... Dow Jones US Market via Morningstar - 12/19/03 06:20am European Stocks Including Siemens, LVMH Rise; Drugmakers' Shares Decline... Bloomberg: Financial News - 12/19/03 06:06am UPDATE 1-Medion CFO says Aldi relationship, goals intact... Reuters Financial News - 12/19/03 05:22am UPDATE 1-China Life raises IPO by 15 pct to US$3.46 bln... Reuters Financial News - 12/19/03 05:22am Acambis Says Baxter Sells Stake,Comml Deals Not Affected... Dow Jones US Market via Morningstar - 12/19/03 05:16am Komercni Banka To Sell Stake In Payment Processing Co... Dow Jones US Market via Morningstar - 12/19/03 05:16am NEWS SNAP: Parmalat Crisis Worsens As Cash Vaporizes... Dow Jones US Market via Morningstar - 12/19/03 05:16am Parmalat Bonds Plunge After BofA Disavows Bank Account... Dow Jones US Market via Morningstar - 12/19/03 05:16am Parmalat Shares Suspended Limit Down - Italian Exchange... Dow Jones US Market via Morningstar - 12/19/03 05:16am Parmalat Says Board to Meet Friday >PRF.MI... Dow Jones US Market via Morningstar - 12/19/03 05:16am Parmalat's Bondi Calls Board Meeting After Bank of America Contests Cash... Bloomberg: Financial News - 12/19/03 05:02am Gucci Posts First Profit Gain in Three Quarters on New Handbags, Perfumes... Bloomberg: Financial News - 12/19/03 05:02am Vista Group Starts Trading On AIM In London... Dow Jones US Market via Morningstar - 12/19/03 04:12am Parmalat Shares Suspended -2: May Open At 0830GMT... Dow Jones US Market via Morningstar - 12/19/03 04:12am Toyota President: Still Far Behind Ford In Global Sales Terms... Dow Jones US Market via Morningstar - 12/19/03 04:12am Ex-Lyonnais Chairman Says Left By Roadside In Executive Life Case... Dow Jones US Market via Morningstar - 12/19/03 04:12am Rolls-Royce Signs Expressjet $720 Million Deal... Dow Jones US Market via Morningstar - 12/19/03 04:12am US GE Consumer Finance To Buy Singapore Auto Finance Co... Dow Jones US Market via Morningstar - 12/19/03 04:12am Strategic Retail Starts Trading On AIM In London... Dow Jones US Market via Morningstar - 12/19/03 04:12am Aldata Solution Names Neil Thall VP Of US, Canada Opers... Dow Jones US Market via Morningstar - 12/19/03 04:12am Parmalat Says Bank of America Contests Company's $4.9 Billon Cash Holdings... Bloomberg: Financial News - 12/19/03 04:00am Stocks in Europe Rise on Growth Prospects; Siemens, Allianz Shares Advance... Bloomberg: Financial News - 12/19/03 04:00am What holiday? Asian banks see busiest Dec in years... Reuters Financial News - 12/19/03 03:14am Viacom, Comcast Sign Deal for Multiyear TV Distribution... Dow Jones US Market via Morningstar - 12/19/03 03:08am Parmalat/Liquidity -2: Fresh Concerns Over Cash Assets... Dow Jones US Market via Morningstar - 12/19/03 03:08am Altana To File For European Approval For Daxas Feb 2004... Dow Jones US Market via Morningstar - 12/19/03 03:08am NTT DoCoMo To Invest Y37 Billion In 3G Cellphone Devt Next 2 Yrs... Dow Jones US Market via Morningstar - 12/19/03 03:08am Italy's BNL Will Sell Agent Network To RAS For EUR100 Million... Dow Jones US Market via Morningstar - 12/19/03 03:08am France's SFL Withdraws Sophia Bid; Clears Way For GE... Dow Jones US Market via Morningstar - 12/19/03 03:08am Link to comment Share on other sites More sharing options...
Guest jrmfl Posted December 19, 2003 Report Share Posted December 19, 2003 Well well well. Friday. Opex Friday. The Day After. TGIF. dunno bout you, but looking for a mr toad's wild ride to conitnue, whippy as hell. Link to comment Share on other sites More sharing options...
chibear Posted December 19, 2003 Report Share Posted December 19, 2003 Jeeez. Turkey is up over 50% since September and I don't own share 1. Who covers Turkey around here? Link to comment Share on other sites More sharing options...
HiHat Posted December 19, 2003 Report Share Posted December 19, 2003 The crescendo of bullish outlook on every media venue you care to look at is TOTAL....... Gore must have been right........"what's up is down; what's down is up"........................................................... Things have changed: 90% of traders make all the money, 10% lose ............................... 10% who lose are always BEARS........ Link to comment Share on other sites More sharing options...
machinehead Posted December 19, 2003 Report Share Posted December 19, 2003 Well well well. Friday. Opex Friday. The Day After. TGIF. There seems to be a little conflict between post-OpEx reversal and holiday seasonality. Maybe one reason that VIX is so low, is that the next two weeks feature fewer hours of trading, lower volume, and therefore smaller expected movement in prices. But options time value keeps ticking away at the usual rate. Ergo, implied volatility should be discounted in advance. We're less than 4 weeks away from the fourth anniversary of the DJIA's 14 Jan 2000 all-time high. The turn in the 4-year cycle could be expected any time. Despite being an election year, 2000 was a down year. It could happen again in 2004. I'm still pondering the continued skrinkage in the money supply reflected in the Fed releases last night. How long can Wall Street's rocket keep rising when the fuel supply is sputtering out? Only until gravity takes hold. Finally, 12+19+03 (today's date) adds up to a Fibo 34. It just has a gnarly look to me. Maybe the astrologers can figure it out. Last month they said the Dec. 10-13 period was dangerous for Cheney, but Saddam got captured. Right timing, wrong guy. Link to comment Share on other sites More sharing options...
DrStool Posted December 19, 2003 Report Share Posted December 19, 2003 After considering the near tie vote, Doc has decided to make the popup thumbnail market overview window a permanent feature of the site. This compact window contains the latest intraday thumbnail charts on the SPX, gold and precious metals indices from Kitco, as well as a market summary applet from Barchart.com and form boxes for detailed quotes and market statistics. The window has minimal graphics beyond the essentials, so that it uses few server and processor resources, loads quickly, and gives you the tools you need all in one convenient reduced size window. You can also toggle the window back and forth with the Wall Street Urinal, to quickly scan all the latest newsnoise headlines. The links to this window are located in the upper right of this page, in the left column, and below the thread. Market Stats and Thumbnail Charts Link to comment Share on other sites More sharing options...
Guest jrmfl Posted December 19, 2003 Report Share Posted December 19, 2003 There seems to be a little conflict between post-OpEx reversal and holiday seasonality. Maybe one reason that VIX is so low, is that the next two weeks feature fewer hours of trading, lower volume, and therefore smaller expected movement in prices. But options time value keeps ticking away at the usual rate. Ergo, implied volatility should be discounted in advance. We're less than 4 weeks away from the fourth anniversary of the DJIA's 14 Jan 2000 all-time high. The turn in the 4-year cycle could be expected any time. Despite being an election year, 2000 was a down year. It could happen again in 2004. I'm still pondering the continued skrinkage in the money supply reflected in the Fed releases last night. How long can Wall Street's rocket keep rising when the fuel supply is sputtering out? Only until gravity takes hold. Finally, 12+19+03 (today's date) adds up to a Fibo 34. It just has a gnarly look to me. Maybe the astrologers can figure it out. Last month they said the Dec. 10-13 period was dangerous for Cheney, but Saddam got captured. Right timing, wrong guy. those roc's imply the pace of liquidity is slowing down markedly, which by any rationale measure, would suggest bubble trouble ---- dead ahead. unfortunately, i'm not convinced just yet the aggregates are painting an accurate picture. the dough had to go somewhere, where is it? if this money poured back into the "markets" then perhaps it's merely an issue of ownership and ledger entry? Link to comment Share on other sites More sharing options...
Guest Posted December 19, 2003 Report Share Posted December 19, 2003 Jeeez. Turkey is up over 50% since September and I don't own share 1. Who covers Turkey around here? Feel free to become our Turkey correspondent Link to comment Share on other sites More sharing options...
Sphinxter Posted December 19, 2003 Report Share Posted December 19, 2003 those roc's imply the pace of liquidity is slowing down markedly, which by anyrationale measure, would suggest bubble trouble ---- dead ahead. unfortunately, i'm not convinced just yet the aggregates are painting an accurate picture. the dough had to go somewhere, where is it? if this money poured back into the "markets" then perhaps it's merely an issue of ownership and ledger entry? I admit to being mystified by the whole 'money' thing - how it's counted, where it goes, and all that. But to my simplistic brain, the easiest way for money to 'disappear', as we've been seeing, is by default. Perhaps the record bankruptcy rate is playing into this? Secondarily, it's pretty obvious that banks have not been lending very much lately, particularly the C&I stuff. This is because, as Noland will point out, when the debt markets are this forgiving who needs a crummy bank loan? Record debt issuance by savory and unsavory players alike = no need to borrow from banks. Further, consumers are borrowing less now that the refi game has slowed. All this adds up to reduced M3 even in the face of massive gubermint deficit spending. Not good. Link to comment Share on other sites More sharing options...
Slothrop Posted December 19, 2003 Report Share Posted December 19, 2003 Lots of interesting questions in here. Another one is: will there be a January effect this year? The Effect is the tendency of small cap stocks to outperform the market from mid-December to mid-January. With the market seeming to peak here, it's hard to see it this time around. Unless you can find certain sectors of small caps which aren't correlated to the market as a whole... Link to comment Share on other sites More sharing options...
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