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IDS World Markets Fri 7th September 07


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In order to get a jump on Wndy tonite, need to point out that the uptrend off the Aug SPX low is still intact.

 

Interesting how the SPX is magnetized to that 1453ish level. That was my initial target off the July peak and we're still pivoting around it eight weeks later.

 

Note that a break of this uptrend would indicate a waterfall down to 1408-1410 or so. Doesn't look like it will break down today. But that's something to watch for if and when.

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Last projection, an easy 10 pernts down from here.? Booyah.? Maybe Cramer will be hugging himself again this weekend, youtube style

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According to my mathematikal kalkalations, there are four possible scenarios:

 

Fed cuts, market falls

Fed cuts, market rises

Fed doesn't cut, market falls

Fed doesn't cut, market rises

 

Appears that Krammer is only factoring in one scenario.

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WHAT ABOUT THE DOOMSDAY TELL?

 

Internecine strife! A senator cursed Blackstone CEO for his wild and crazy extravagant life style--(forty dollar lobster legs)---because Congress is seriously considering taxing the LBO s**theels the regular %35 rate instead of the Xanadu %15........

 

See? there's the fly in the Billionaire's ointment.....the minute you reach a billion dollared net-worth, everybody is after your ass.....when you have so much money you naturally become an attractive nuisance---everybody wants to rob you--

 

So if you becme a debonair Billiionaire make sure you dress down:Start buying youur clothes at Goodwill; start using your indoor pool as a urinal, stop getting your nose hairs coiffired at 1200 dollars a nostril.....eat cheap greasy lunch meat...get your Halloween costumes out of the closet and start masquerading as a Fed Reserve Chairman.....Start sticking pins in dolls

 

beardrech :ph34r: :ph34r: In essence revert to type....either mean, mode or just a simple average

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