Guest Posted November 27, 2002 Report Share Posted November 27, 2002 Double Flush.................... Consumption tax is never going to happen............................. It would wreck the budget and be seen as too kind to the rich................. That's a pipedream....................many conservatives wouldn't even vote for it...................... I didn't say it's going to happen, I doubt it since the current tax system allow politicians to encourage specific economic activity where a consumption (flat) tax doesn't. This takes power away from politicians - no, I don't think they'll vote it in. But then again, someday we may have a flat tax. Heck, Russia does. Link to comment Share on other sites More sharing options...
Fartpolio Manager Posted November 27, 2002 Report Share Posted November 27, 2002 I have to let this pig get to some real resistance before I start new short positions... It's possible by FR, be looking at short around 955 area (SPX) Monday and Tuesday should be window dressers, we could get a pullback in some issues as traders milk the prices lower for the mutual funds loadup... So FR at the close is still a possibility... Link to comment Share on other sites More sharing options...
HardAssets Posted November 27, 2002 Report Share Posted November 27, 2002 I don't understand, this does not seem logical to me can someone shed some light on it ... Dollar up, Bonds down a lot, Stocks up (but not high enough to catch all of that money leaving the bond market), Gold down but barely. Link to comment Share on other sites More sharing options...
Charmin Posted November 27, 2002 Report Share Posted November 27, 2002 when you make a buck on SPY it's time to take the cash and run - DOWN turkey Link to comment Share on other sites More sharing options...
Guest Posted November 27, 2002 Report Share Posted November 27, 2002 10:30 AM CST Equity 0.53 Index 1.49 Overall 0.70 Link to comment Share on other sites More sharing options...
Guest soup1 Posted November 27, 2002 Report Share Posted November 27, 2002 anyone have a quote on spot gold? I think it is time to buy some more Krugs Link to comment Share on other sites More sharing options...
Drano Posted November 27, 2002 Report Share Posted November 27, 2002 No reason not to add a "temporary" national sales tax to existing tax structure -- or add "user fees" like the airport security supplement. Minnesota also obscenely already has a tax on health-care providers -- talk about hitting people who can least afford to pay it, when they can least afford to pay it. Link to comment Share on other sites More sharing options...
Guest soup1 Posted November 27, 2002 Report Share Posted November 27, 2002 10 year is down a buck and a quarter and stocks are up? Give me a freaking break. THat action in bonds aint bullish for stocks. Just another little historical tidbit all these perma bulls will have to learn or relearn, Link to comment Share on other sites More sharing options...
Bird D Durr Posted November 27, 2002 Report Share Posted November 27, 2002 Double Flush.................... Consumption tax is never going to happen............................. It would wreck the budget and be seen as too kind to the rich................. That's a pipedream....................many conservatives wouldn't even vote for it...................... I didn't say it's going to happen, I doubt it since the current tax system allow politicians to encourage specific economic activity where a consumption (flat) tax doesn't. This takes power away from politicians - no, I don't think they'll vote it in. But then again, someday we may have a flat tax. Heck, Russia does. Agreed................. Link to comment Share on other sites More sharing options...
DrStool Posted November 27, 2002 Report Share Posted November 27, 2002 Gotta run for a half hour. 1 day cycle high due at noon. Let's have this pos down 10 points from here when I get back. Link to comment Share on other sites More sharing options...
Fartpolio Manager Posted November 27, 2002 Report Share Posted November 27, 2002 My screen shows the low tick of the day at + 49 ... that should not stand. Link to comment Share on other sites More sharing options...
Guest soup1 Posted November 27, 2002 Report Share Posted November 27, 2002 in fact bonds are screaming ( to me anyway) that we may finish the day down in equity land. Link to comment Share on other sites More sharing options...
HardAssets Posted November 27, 2002 Report Share Posted November 27, 2002 Fed Beige Book out at noon. That will be the last excuse to either push it up or sell it for the day. IMO Link to comment Share on other sites More sharing options...
Rockhead Posted November 27, 2002 Report Share Posted November 27, 2002 Regarding that SPX expanding triangle. The top I show is 837.10. The DOW shows something similar, but today's rally broke through the top at 8878. Whopsaw on the DOW based on today's rally? Maybe, maybe not. The DOW is the most manipulated of the indicies, so.......I say probably. NAZ also shows the same as the SPX, but a bit more sloppy looking. We are at the top on the NAZ at 1483 (three touches including today), unless of course you call the 11/25/02 11:00 AM spike a whopsaw as well. If you like the NAZ spike as the top, call it 1486. We should know relatively shortly what happens. Give or take a schooosh on those numbers....it all depends on how you draw your lines from the candles. Link to comment Share on other sites More sharing options...
GregFokker Posted November 27, 2002 Report Share Posted November 27, 2002 Bullkowski's Encyclopaedia of Chart Formations has expanding triangles breaking to the upside 57% of the time, and breaking to the downside 37% of the time. Link to comment Share on other sites More sharing options...
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