wndysrf Posted May 20, 2003 Author Report Share Posted May 20, 2003 Once again, billions of market capitlization, trillions of derivative exposure, and trillions of Riverboating Capital within the Paper Pyramid is inescapably linked to the fortunes of one technology company's "Beat By A Penny" announcement. No where else can you find such an absurd infatuation with one sector? A sector whose perceived health is the lynch pin of the entire Global Speculative Sphere? Dollar weakness, bond strength, all ignored. Macro economic weakness, failure of Keynesian policy, massive market propping efforts, K-Wave cycles, and distorted and extended credit bubbles have no bearing on the direction of The Stock Market. The Stock Market is the Economy. It trades in a world by itself, impervious to the ills of our maladjusted financial system, wild overvaluation, extreme speculations, and general systemic stresses. Link to comment Share on other sites More sharing options...
Slothrop Posted May 20, 2003 Report Share Posted May 20, 2003 Speculative excess continues in many areas. Take a look at that WYNN chart -- Steve Wynn's new Las Vegas project. If you have time, compute the valuation versus earnings, projected earnings, book value...whatever. Link to comment Share on other sites More sharing options...
Guest Posted May 20, 2003 Report Share Posted May 20, 2003 Soros Selling Dollars, Hits U.S. Policy NEW YORK (Reuters) - Billionaire investor George Soros, once dubbed "The Man who broke the Bank of England," said in a television interview on Tuesday he was selling dollars in currency markets, briefly adding to the greenback's woes. His comments on Crapvision, which came as the dollar was plumbing four-year lows against Europe's common currency and amid widespread doubts about the U.S. commitment to its so-called strong dollar policy, pushed the euro briefly above $1.17. http://story.news.yahoo.com/news?tmpl=stor..._forex_soros_dc Link to comment Share on other sites More sharing options...
roidrage Posted May 20, 2003 Report Share Posted May 20, 2003 An excerpt of an excerpt from Jim Roger's new book: Adventure Capitalist. A link is usually sufficient. JR is selling his book, selling China, selling, selling. This PR is so uncritical and ahistorical, it's difficult to take seriously. Link to comment Share on other sites More sharing options...
roidrage Posted May 20, 2003 Report Share Posted May 20, 2003 Soros Selling Dollars, Hits U.S. Policy so i presume he's done selling... Link to comment Share on other sites More sharing options...
Jimi Posted May 20, 2003 Report Share Posted May 20, 2003 NEW YORK (Reuters) - Billionaire investor George Soros, once dubbed "The Man who broke the Bank of England," said in a television interview on Tuesday he was selling dollars in currency markets, briefly adding to the greenback's woes. I wonder if that's what prompted the abrupt departure of Reichsheimsekuritaetministar Ridge from Hearings this afternoon, and the shift to "Code Tangerine"? If Soros is seen as torpedoing the dollar, and a weak dollar makes it more expensive to wage foreign wars, and if foreign wars are necessary to win the War on Terrorism, does not this make of George "Mohammed" Soros an "Evil Doer"? You think I'm kidding? Wait 'til they order the round up of short-sellers. Link to comment Share on other sites More sharing options...
wndysrf Posted May 20, 2003 Author Report Share Posted May 20, 2003 Sentiment still pinned to extremes. No rollover in the BPI yet. 15 days in a row of a NYSE % High of .95 or better. No turnaround in the McClellan, either. Still in bounce territory. Sentiment Link to comment Share on other sites More sharing options...
DrStool Posted May 20, 2003 Report Share Posted May 20, 2003 Soros was probably covering his shorts as the appearance was broadcast. Link to comment Share on other sites More sharing options...
morass Posted May 20, 2003 Report Share Posted May 20, 2003 Well good on ya Mark. You?ve found some comfort in gold, go for it. It is a bit hard to see how it could be dumped from here. Stability of the ages. Can?t say the market isn?t fun. Well you can?t say it isn?t interesting. Yesterday?s gone but not forgotten. With BB in hoping 23 is a high. Think that?s what he said. Link to comment Share on other sites More sharing options...
Guest bullseatshitndie Posted May 20, 2003 Report Share Posted May 20, 2003 call me a skeptic, but I have to question the motive of crapvision parading Soros on today and the way he said he was short. monthly chart shows some sort of support in the 91 area. adding fresh new shorts at these levels may not be the best thing to do. i'm certaintly bearish the $ long term, but seems it's close to an intermediate bottom. Link to comment Share on other sites More sharing options...
Guest bullseatshitndie Posted May 20, 2003 Report Share Posted May 20, 2003 Soros was probably covering his shorts as the appearance was broadcast. that was my 1st instinct too Link to comment Share on other sites More sharing options...
purdymouth Posted May 20, 2003 Report Share Posted May 20, 2003 Fade everything that anyone says on the Financial Golf channel. Link to comment Share on other sites More sharing options...
Madame Wrecked Him Posted May 20, 2003 Report Share Posted May 20, 2003 No turnaround in the McClellan, either. Still in bounce territory. Maybe, but the summation index histogram of both NYSI and NASI turned negative today. That's good enough for me. Link to comment Share on other sites More sharing options...
Madame Wrecked Him Posted May 20, 2003 Report Share Posted May 20, 2003 $NYSI: Link to comment Share on other sites More sharing options...
rog Posted May 20, 2003 Report Share Posted May 20, 2003 HPQ takes down 3rd quarter numbers while reaffirming second half. In other words: Next quarter we have no idea how we can make the numbers, however we are confident that Q4 will be a blow out number. How do we know this? Dont ask. And not one of the barking seals on the call did ask. Interesting that they blamed the Q3 shortfall on the need to raise employee compensation. Seems Carly has been so busy cutting the workforce by 10+% that she had no time to approve pay increases for the last two years. Also Carly found it necessary to repeat at least four times that there are no indications of a PC upgrade cycle or any other kind of improvement in demand. Dip buyers beware of bottom fishing too close to the surface. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.