Charliss Posted January 9, 2004 Report Share Posted January 9, 2004 . . . .the cookies? Mousey's Magic Macadamia Nut And Chocolate Fairy Dust Crinkles (with special from-the-garden ingredient) Link to comment Share on other sites More sharing options...
MyGoldenStool Posted January 9, 2004 Report Share Posted January 9, 2004 CarMax is screwed. GM announcing even more incentives for the coming year...fianacing rates will continue to be low and used car sales are going to screech to a hault. Just assume that the inventory sitting on their lots right now is actually depreciating every day. Look Out Below! KMX http://139.142.147.218/StockChart_ImageOnl...=INX&ref_rate=0 Just drove by the biggest dealership in town- one of those big signs scrolling in white lights- "MAKE AN OFFER ON ANY CAR- NO REASONABLE OFFER REFUSED". I made a $10,000 offer on a 2003 Toyota Camry- he laughed. Guess it wasn't reasonable enough? You'd think he'd reconsider on a night where it's already 4 degrees outside. Ingrateful bastards! Link to comment Share on other sites More sharing options...
tpark Posted January 9, 2004 Report Share Posted January 9, 2004 Just drove by the biggest dealership in town- one of those big signs scrolling in white lights- "MAKE AN OFFER ON ANY CAR- NO REASONABLE OFFER REFUSED". I made a $10,000 offer on a 2003 Toyota Camry- he laughed. Guess it wasn't reasonable enough? You'd think he'd reconsider on a night where it's already 4 degrees outside. Ingrateful bastards! Just wait till deflation sets in, and try 'em again in a few months Link to comment Share on other sites More sharing options...
The brown one Posted January 9, 2004 Report Share Posted January 9, 2004 If Al is visiting Germany next week all the population should be in the streets with banners "Don't give the bastard our savings"For Japan it's already too late. Link to comment Share on other sites More sharing options...
Guest Posted January 9, 2004 Report Share Posted January 9, 2004 A very bullish silver discussion on Krudlow & Kramer TONITE Ross Beaty-chairman of PAAS and Fleckenstein were on Crapvision this p.m. Krudlow &Kramer were very respectful-asked good questions-and showed no skepticism-they actually thanked Fleck for bringing silver to their attention when it was cheap--The precious metals field is the only one in which the Chairmens of companies seem to deliberately discourage interest in their product--When Fleck talked, the first thing he said was that Beaty forgot to mention in his interview that silver was in a 10 yr production deficit--Kudlow mentioned that there was almost no capital investment in silver due to years of low prices--Fleck made the good point that 2/3 of silver is produced as a by-product and a mkt price below the price of production didn't matter--but mining just for silver is costly--just now pure silver mines are getting some profit--all in all it was exposing the HERD to some very bullish silver ideas-- SILVER IS IN PLAY, GANG! SILVER'S GOTSPONSORSHIP Link to comment Share on other sites More sharing options...
Guest Posted January 9, 2004 Report Share Posted January 9, 2004 Did anyone hear about the investigation into comex trading of nat gas? Yes, but what else do they have to drive nat gas prices down. Everyone knew that there was a shortage and they all just sat on their hands and prayed for a mild winter. So now they think that they can threaten and intimidate prices lower -- but what else can you expect from a fascist regime. The stock market gets mysteriously jammed and stick saved for 10 freaking months straight and not one peep out the political crooks but let nat gas have a natural reaction to cold weather and they can't wait to demand the phone records of the traders. Corruption at the highest levels. Link to comment Share on other sites More sharing options...
depends Posted January 10, 2004 Report Share Posted January 10, 2004 Machinehead - tried to send you a message but your message box is full. Link to comment Share on other sites More sharing options...
Hypertiger Posted January 10, 2004 Report Share Posted January 10, 2004 The OSX has been in a triangle pattern for the last 3 years, and in a bear market since 1997. The chart before today's break to the upside. (See below). Now, here are the major OSX constituents, all of which broke above the downtrending triangle line with huge volume. http://stockcharts.com/candleglance?$...,BHI|C|A12,26,9 The move has just started. A new oil exploration boom has begun.? The first one since the 1980's. More confirmation of the building commodities explosion. This includes offshore rigs also... Imports are down because of lack of demand combined with the boom in drilling from 1999-2002...Those 1000 rigs (End of the blue line on the chart) represent at least 2500 with the new technology in todays day and age and the boom in 1999-2002 almost equaled the 1979-1982 boom... so 2002 was the end of the biggest exploration binge in the US since 79-82... and the dent in imports was pretty small The US is out of cheap oil the current price of oil is very cheap, if it was priced in 1979 dollars it would be $88-$90 a barrel... From a report... "The U.S. rotary rig count increased 12 rigs to 1,126 for the week of January 2, 2004. The number of rotary rigs drilling for oil was up 5 at 158. Oil drilling is 31 rigs above last year's level of activity. Rigs drilling for oil represent 14.0 percent of total drilling activity. Rigs directed toward natural gas were up 7 at 966. The number of rigs currently drilling for gas is 260 greater than last year's level of 706." Looks like the US is desperate for gas... The total rig count in North America is 1458 rigs working... The total number of rigs working world-wide in October was 2,286 Total rig count for world including US and Canada is 3744... This could rise to 4500 over the next 2 years... Hint... after looking at the numbers I'd have to say the world is out of cheap oil or the price is too low...But if the price moves too high ($45) things begin to crumble... No we are not out of oil but a price too low (below $22) would shut down the North American exploration operation which accounts for 39% of world oil and gas exploration... In the 50's it took 1 Barrel of oil to produce 50 Barrels now it takes around 1 to produce 2... by 2005-6 it will be 1 to 1 and after that things start to crumble... A simple solution is to eliminate half the population... How high can oil and the debt needed to be created and ponzied before it implodes? We will soon find out... when the ponzi collapses everyone will try to pump their way out...causing a glut... One way or the other we are headed towards checkmate... Link to comment Share on other sites More sharing options...
Hypertiger Posted January 10, 2004 Report Share Posted January 10, 2004 Kudlow just said he expects a rate cut in Euroland, which will bring the downtrend in the dolla to an end. Why am I watching boobvision? great summary Mark. Slow it perhapse...depending on the size of the cut... Link to comment Share on other sites More sharing options...
Hairy_Dent Posted January 10, 2004 Report Share Posted January 10, 2004 Even more significant than the classic head-and-shoulders pattern is the apropos "tits-up" formation. Lower implied target is in the mid groin area. This is hardly a recommendation. Link to comment Share on other sites More sharing options...
martialcomp Posted January 10, 2004 Report Share Posted January 10, 2004 I apologize if this was already posted. Schaeffers forecast for 2004 is 8000 on Dow and 850 on S&P by year end. 1625 on Nasdaq Schaeffer Forecast for 2004 Link to comment Share on other sites More sharing options...
Sphinxter Posted January 10, 2004 Report Share Posted January 10, 2004 Yes, but what else do they have to drive nat gas prices down. Everyone knew that there was a shortage and they all just sat on their hands and prayed for a mild winter. So now they think that they can threaten and intimidate prices lower -- but what else can you expect from a fascist regime. The stock market gets mysteriously jammed and stick saved for 10 freaking months straight and not one peep out the political crooks but let nat gas have a natural reaction to cold weather and they can't wait to demand the phone records of the traders. Corruption at the highest levels. Yeah. Oddly, this new investigation comes right at the same time as a -10 blast to the entire mid and east coast country areas. Brrrrr. Got gas? Link to comment Share on other sites More sharing options...
Guest Posted January 10, 2004 Report Share Posted January 10, 2004 Mousey's Magic Macadamia Nut And Chocolate Fairy Dust Crinkles (with special from-the-garden ingredient) Just one herb. No spices. Link to comment Share on other sites More sharing options...
brian4 Posted January 10, 2004 Report Share Posted January 10, 2004 Oh are we in TROUBLE-from Bill Bonner-"Terry Reik of Clapboard Hill Partners says "An ominous harbinger for U.S. financial assets has been the STUNNING collapse in foreign capital flows. From a peak of $110.4 Billion in May, net foreign flows have fallen to $90.6 Billion in June to $73.4 Billion in July to $49.9 Billion in August to $4.2 Billion in September." He notes September's inflow is only 10% of the monthly minimum needed to fund the $500 Billion current account gap. In September the BOJ spent $40 Billion to support the $. Without them foreign flows would have been an unthinkable NEGATIVE $38.5 Billion doolars. My take is we are and have been negative for some weeks well Japan bankrupts itself it still isn't enough. Yes Bush IS a blind man in a room full of deaf people. Trade Safe! Link to comment Share on other sites More sharing options...
Sphinxter Posted January 10, 2004 Report Share Posted January 10, 2004 CarMax is screwed. GM announcing even more incentives for the coming year...fianacing rates will continue to be low and used car sales are going to screech to a hault. Just assume that the inventory sitting on their lots right now is actually depreciating every day. Look Out Below! KMX Plunger: there is clearly some kind of mistake here. Your link indicates that CarMax, a user car dealer operating in the worst used car climate in decades, is trading with a trailing p/e of 29. (!!!!) Talk about a lay-up short. About as much trouble as hunting cows with a Win 7mm mag from 50 yards. Thanks for bringing this one back to my attention. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.