Sphinxter Posted August 13, 2004 Report Share Posted August 13, 2004 Thanks for the welcome back, all. Link to comment Share on other sites More sharing options...
Lock Limit Down Posted August 13, 2004 Report Share Posted August 13, 2004 just picked up a whack of DROOY at 1.76 Link to comment Share on other sites More sharing options...
Guest Posted August 13, 2004 Report Share Posted August 13, 2004 Yobob: I'd wager that consumption has little to do with pump price...more tied to greed (what they can get away with) and politics (what Cheney let's them get away with) EARL GOING OFF Link to comment Share on other sites More sharing options...
Butterfield 8 Posted August 13, 2004 Report Share Posted August 13, 2004 Thanks - I'm out of town and missed the numbers this morning Link to comment Share on other sites More sharing options...
Sphinxter Posted August 13, 2004 Report Share Posted August 13, 2004 I love a good Gap-'N-Crap. Nothing like a big, solid dump to start the day. Or finish the week. Link to comment Share on other sites More sharing options...
machinehead Posted August 13, 2004 Report Share Posted August 13, 2004 Dow futures makin' another run at 9800..if they get thru..that should outta do it.. The next clearcut support after Dow 9800 is 7400. Not a joke -- look at the two-year chart. DJIA chart Link to comment Share on other sites More sharing options...
K Wave Rider Posted August 13, 2004 Report Share Posted August 13, 2004 Dow futures makin' another run at 9800..if they get thru..that should outta do it.. The next clearcut support after Dow 9800 is 7400. Not a joke -- look at the two-year chart. DJIA chart We still have a bit of work to do between 9400-9600..once we get thru there, my stuff points to about 8600 as the next stop..maybe we'll just crash thru all of it..gotta get thru 9800 first though.. Link to comment Share on other sites More sharing options...
Sphinxter Posted August 13, 2004 Report Share Posted August 13, 2004 This from the breaking news section of CNN: "U.S. crude futures rise to record $45.90 a barrel. Details coming" I wonder what this news will break? Link to comment Share on other sites More sharing options...
machinehead Posted August 13, 2004 Report Share Posted August 13, 2004 We still have a bit of work to do between 9400-9600..once we get thru there, my stuff points to about 8600 as the next stop..maybe we'll just crash thru all of it..gotta get thru 9800 first though.. Was just thinkin' macro, K-wave. Two ways to get there .... one fell swoop (this fall?), or a long "slope of hope" that grinds down for a year or two. Link to comment Share on other sites More sharing options...
brian4 Posted August 13, 2004 Report Share Posted August 13, 2004 Good article in the NY Times- United Airlines is broke but so is their Pension Fund it seems they were fully invested in Junk Bonds, Tech and a failed Mining Company in Ghana. Their Manager must have been trained by orange County-Huh! Link to comment Share on other sites More sharing options...
Guest Posted August 13, 2004 Report Share Posted August 13, 2004 Bailed on the RUT calls at breakeven Market looks way to weak Link to comment Share on other sites More sharing options...
brian4 Posted August 13, 2004 Report Share Posted August 13, 2004 Well K-Wave here we go-Window opening for 60 minutes-Helmets on, Buckle up! Link to comment Share on other sites More sharing options...
Sphinxter Posted August 13, 2004 Report Share Posted August 13, 2004 Good article in the NY Times- United Airlines is broke but so is their Pension Fund it seems they were fully invested in Junk Bonds, Tech and a failed Mining Company in Ghana. Their Manager must have been trained by orange County-Huh! There's a lot of pension 'funds' out there that have eschewed their obligations in favor of high yield returns. Since it is well known that the taxpayer will (be forced to) backstop all such failures, and that (somehow) executive bonuses are not a related matter, the moral hazard could not be more perfect and complete. The real issue is what happens when all the debts hit at once? Link to comment Share on other sites More sharing options...
Guest Posted August 13, 2004 Report Share Posted August 13, 2004 http://www.winktv.com/x411.xml Link to comment Share on other sites More sharing options...
Bearbones Posted August 13, 2004 Report Share Posted August 13, 2004 From the Levy Institute: "But with the government and external deficits both so large and the private sector so heavily indebted, satisfactory growth in the medium term cannot be achieved without a large, sustained and discontinuous increase in net export demand. It is doubtful whether this will happen spontaneously and it certainly will not happen without a cut in domestic absorption of goods and services by the US which would impart a deflationary impulse to the rest of the world. " http://www.levy.org/2/index.asp?interface=...asrc=fde318505b Good weekend reading from some people who had this right all along. Link to comment Share on other sites More sharing options...
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