purdymouth Posted September 21, 2004 Report Share Posted September 21, 2004 Hisself-the PrezyDent-is speaking to the UN the expressions on the faces of those watching is interesting, very interesting! "We don't need the UN..." "We need the UN..." "We don't need the UN..." "We need the UN..." Link to comment Share on other sites More sharing options...
orvack Posted September 21, 2004 Report Share Posted September 21, 2004 Bush, in Shift, Taps Into Emergency Iraq Funds 15 minutes ago WASHINGTON (Reuters) - After initially insisting it had enough money, the Bush administration has begun tapping its $25 billion emergency fund for the Iraq war to prepare for a major troop rotation and intense fighting this fall, administration and congressional officials said on Tuesday. Already the Pentagon has used more than $2 billion from what the White House dubbed its "contingency reserve" fund. The money is being used to ramp up production of armored Humvees to support the upcoming troop rotation, as well as to buy body armor and bolster fuel supplies, the officials told Reuters. The decision to tap into the $25 billion reserve fund underscores growing concern within the administration about the rise in anti-American violence in Iraq. It also comes on the heels of last week's announcement that the White House planned to divert nearly $3.5 billion from Iraqi water, power and other reconstruction projects in a bid to improve security. "As we've always said, our troops in the field will have what they need, when they need it," said Chad Kolton, spokesman for the White House Office of Management and Budget. "In this case, making some of those resources available now ensures that our troops will have the equipment they need going into the fall," when the troop rotation is planned, he added. http://news.yahoo.com/news?tmpl=story&cid=...ng_dc&printer=1 Link to comment Share on other sites More sharing options...
brian4 Posted September 21, 2004 Report Share Posted September 21, 2004 Opening now till one EST long and Big window=Big move! Helmets on, Buckle up! Link to comment Share on other sites More sharing options...
depends Posted September 21, 2004 Report Share Posted September 21, 2004 Bush is spinning fairy tales. Link to comment Share on other sites More sharing options...
brian4 Posted September 21, 2004 Report Share Posted September 21, 2004 Purdy-So True, so true! Link to comment Share on other sites More sharing options...
K Wave Rider Posted September 21, 2004 Report Share Posted September 21, 2004 REIT index has already given up it's early pop Link to comment Share on other sites More sharing options...
Guest Posted September 21, 2004 Report Share Posted September 21, 2004 Latest oxymoron: "troop rotation" rotate on this! Link to comment Share on other sites More sharing options...
Darkdoc Posted September 21, 2004 Report Share Posted September 21, 2004 Orvack - I agree with you about copper. It has been in a long corrective wave since the beginning of the year - see weekly chart below. Looks ready to break out upwards. Something close to at least 158 very possible. That's about $6000 per contract from today. Link to comment Share on other sites More sharing options...
Darkdoc Posted September 21, 2004 Report Share Posted September 21, 2004 Daily copper chart shows lot's of activity today. Link to comment Share on other sites More sharing options...
Darkdoc Posted September 21, 2004 Report Share Posted September 21, 2004 Gold weekly much the same as copper chart. Long corrective wave almost starting the very beginning of 2004. Harder to tell when this one is going to breakout upwards, but watching it every day is well worth it. Link to comment Share on other sites More sharing options...
purdymouth Posted September 21, 2004 Report Share Posted September 21, 2004 haven't we been treated to +200 pt. days when rates were hiked last few times? Link to comment Share on other sites More sharing options...
orvack Posted September 21, 2004 Report Share Posted September 21, 2004 Orvack - I agree with you about copper. It has been in a long corrective wave since the beginning of the year - see weekly chart below. Looks ready to break out upwards. Something close to at least 158 very possible. That's about $6000 per contract from today. That what I see in the copper stocks. Getting ready to get in. As for futures, that account is loaded with silver options... Ex. : Amerigo (ARG.to) Out of a nice cup, retracement to the support : Link to comment Share on other sites More sharing options...
BearHugs Posted September 21, 2004 Report Share Posted September 21, 2004 The carry trade is the motor of the U.S. economy. Shut it down, and an eerie silence ensues ... before the sheet hits the fan for real. Excuse my ignorance on bonds, but at what point did the carry trade start and at what point would it end? Is this a valid way to measure it: So would above a .5 ratio end it? Link to comment Share on other sites More sharing options...
soup Posted September 21, 2004 Report Share Posted September 21, 2004 barfing all bullish all the time " As we noted ahead of the last Fed meeting, the market has historically bottomed after the second rate hike by the Fed. This trend held in the latest cycle." Perhaps someone can explain to me how a flatter yld curve is bullish for equities? I know I am a little dense, but give me a freaking break Link to comment Share on other sites More sharing options...
The brown one Posted September 21, 2004 Report Share Posted September 21, 2004 Off topic- FBI fingerprint office just told me they are recieving 100,000 requests per day for clearances from emigrants. processing time has gone from 5 weeks to 8 weeks. You mean 100,000 people per day are applying to leave the US?!! Link to comment Share on other sites More sharing options...
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