paul-s Posted May 7, 2003 Report Share Posted May 7, 2003 Thank God for our mentor, Sir Mark! His humor, his wit, and his spark? His style is a pleasure He's a national treasure Like Yellowstone National Park. Link to comment Share on other sites More sharing options...
bubbadropping Posted May 7, 2003 Report Share Posted May 7, 2003 Anybody see how they outed William Bennet, the old morality czar for 8 million in gambling losses at the Bellagio and other haunts over the last 10 years? Alice and Wonderland. The Emperor is Wearing No Cloths, The Red Queen Rules and the March Hare is mounting Alice at the end of the long,grease stained table. Freaks abound. Put a tail on Al Green and just imagine the dirt you could shake out of that rat's hole. buddhabooty, Marky I'm happy to hear that you were milking some Danish dairy cans last week. The birthplace of the X rating deserves your homage and attention. All of us in fact owe fealty to the great blonde cream goddesses of the Norse countries. Link to comment Share on other sites More sharing options...
DrStool Posted May 7, 2003 Report Share Posted May 7, 2003 I hear there's a man named paul-s, A poet he is and no less, He posts at the Stool. He ain't no fool, And his rhymes are the absolute best! Link to comment Share on other sites More sharing options...
HiHat Posted May 7, 2003 Report Share Posted May 7, 2003 Mark..........I am over there paying attention to gold too. Â Just FADE me and the sky will be the limit. :grin: Link to comment Share on other sites More sharing options...
BartTheBear Posted May 7, 2003 Report Share Posted May 7, 2003 Thinking a little ahead here. Scam Week has basically been a jam-job every month this year save for January: Â Month S&P % Chg ------------------------- Jan -2.8 Feb +1.6 Mar +7.5 Apr +2.9 Â Will history repeat itself? Link to comment Share on other sites More sharing options...
MrHanky Posted May 7, 2003 Report Share Posted May 7, 2003 Thinking a little ahead here. Scam Week has basically been a jam-job every month this year save for January:Â Month S&P % Chg ------------------------- Jan -2.8 Feb +1.6 Mar +7.5 Apr +2.9 Â Will history repeat itself? no Link to comment Share on other sites More sharing options...
longOnUranus Posted May 7, 2003 Report Share Posted May 7, 2003 re: Bennett. They (the press) may be referring to total losses vs. net losses regarding his addiction. Many gamblers run millions through slots and tables each year. Most card-carriers (ie, recorded activity) can get statements reflecting this activity. At 96% (if he gambled in Vegas), his net loss on 8M would be a little over 300K. Still a big loss for a think-tanker. I feel for his family. Another problem he has is that gambling gains are taxable, while losses against gains, which appear on a different IRS schedule and are subject to alternative minimum tax (AMT)restrictions, may not be deductable if you exceed the AMT limits. I found this out the hard way in my Vegas days. Â The personal indescretions of public figures know no politcal party boundaries. BTW, 60% of clergy in Texas use the internet for porn. Link to comment Share on other sites More sharing options...
DrStool Posted May 7, 2003 Report Share Posted May 7, 2003 Interesting stat. Was that the Gallup poll that compiled that? Â Link to comment Share on other sites More sharing options...
Auntie Septic Posted May 7, 2003 Report Share Posted May 7, 2003 re: Bennett. They (the press) may be referring to total losses vs. net losses regarding his addiction. Many gamblers run millions through slots and tables each year. Most card-carriers (ie, recorded activity) can get statements reflecting this activity. At 96% (if he gambled in Vegas), his net loss on 8M would be a little over 300K. Still a big loss for a think-tanker. I feel for his family. Another problem he has is that gambling gains are taxable, while losses against gains, which appear on a different IRS schedule and are subject to alternative minimum tax (AMT)restrictions, may not be deductable if you exceed the AMT limits. I found this out the hard way in my Vegas days. The personal indescretions of public figures know no politcal party boundaries. BTW, 60% of clergy in Texas use the internet for porn. The last time I checked, gambling was legal in Vegas and Bennett used his own money that he earned legally. His family is taken care of, his taxes and bills are paid.  So I say if Bennett wants to gamble, who cares?  I've always liked Bennett. This gambling thing is an invariant in my book. Link to comment Share on other sites More sharing options...
TheDeepBlueSea Posted May 7, 2003 Report Share Posted May 7, 2003 First comprehensive SARS study Link to comment Share on other sites More sharing options...
Tig 'Ol Bitties Posted May 7, 2003 Report Share Posted May 7, 2003 Daily anecdote from the firm.... Â Â Regional rep from a large mutual fund company came peddling his firm's wares today. In a room full of reps, asked "who thinks the market can go lower?" Â I was the only one that raised their hand. Â Another little thing that reinforces my thoughts on the matter...all this guy's documentation stated his firm's funds performance from the 3/24/00 peak to the 10/09/02 "low". Â My bet is those things get put in the trash down the road a bit. Link to comment Share on other sites More sharing options...
FeedFool Posted May 7, 2003 Report Share Posted May 7, 2003 Attn:  Riverboaters Effective immediately, I will no longer be shorting stocks.  I just compiled my 2002 trades for my tax return amendment, and I was astounded at the number of nickle and dime losses, compared to the huge percentage gains obtained on my gold stock longs and the occasional home run shorts on QLGC and NVLS.  I will now focus my attention on gold stocks only for long plays.  No more shorting.  When the market gets smoked, I will load the boat on the long side with Supermodels and Financials.  But for the most part, the big money will be made by grabbing the likes of VGZ, GSS, BGO, HL, SIL, and PAAS for the usual parabola runs which occur once or twice a year.  More money can be made in a short time that way.  In between, I'll sit on the sidelines and wait for the "big gold play" or the "Supermodel Rehab Emerge" play.  I've been eyeballing the homebuilders and the mortgage companies for shorts.  Problem is, everybody else is also, so they keep squirting higher.  What a way to lose your shirt, time and time again.  I've never seen so many extended boner rallies in my trading career.  Who the hell wants to short in this environment??  Nobody is paying attention to gold, except ThorAss and Charmin.  I'll go to the less crowded playground.  Enough is enough....... What everyone forgets is market makes one top and bottom in one year so two swing trade is all u want and just watches the play and do nothing. New bottom this year and then one more top to come next year. Just watch those bears and doc looking for new top and keep blaming the PPT. Then get your shorts when everyone gives up and Buy the bottom when everyone is real bearish.  Gold has the best chart. HUI is in a corrective phase. Gold should make a new high before the gold stocks.   Good luck with your Longs. Link to comment Share on other sites More sharing options...
PileDriver Posted May 7, 2003 Report Share Posted May 7, 2003 you beat me to it Feed! Link to comment Share on other sites More sharing options...
Tig 'Ol Bitties Posted May 7, 2003 Report Share Posted May 7, 2003 Deflation Might Hurt Bank Profits Wed May 7, 2003 04:34 PM ET By Jonathan Stempel NEW YORK (Reuters) - Large U.S. banks that expected interest rates to rise later this year might see their profits take a hit if Federal Reserve Chairman Alan Greenspan's deflationary nightmare comes to pass, anal cysts said on Wednesday. Â "It would be a disaster," said Anton Schutz, who runs the $165 million Burnham Financial Services Fund. "I want to ask CEOs, 'At what level would you consider not lending?"' Â Deflation, a period of falling prices, became the talk of markets after the Fed, in a surprise to some, on Tuesday said "the probability of an unwelcome substantial fall in inflation" exceeds the chance that inflation might rise. Inflation was a mere 0.9 percent annualized in the first quarter. Â You dont say.... Link to comment Share on other sites More sharing options...
strikerm3 Posted May 7, 2003 Report Share Posted May 7, 2003 Thank God for our mentor, Sir Mark!His humor, his wit, and his spark? His style is a pleasure He's a national treasure Like Yellowstone National Park. is that you sage? Link to comment Share on other sites More sharing options...
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