soup Posted April 13, 2004 Report Share Posted April 13, 2004 the mkt "feels" like we still have the last of the ira's and op ex to condent with, but after those are past we should finally break 10,000 with some authority. Link to comment Share on other sites More sharing options...
machinehead Posted April 13, 2004 Report Share Posted April 13, 2004 Sixty (60) new lows on NYSE -- A/D ratio almost 3.5-to-1 negative. The indices aren't reflecting the damage. These are bad numbers. Link to comment Share on other sites More sharing options...
Pee Brain Posted April 13, 2004 Report Share Posted April 13, 2004 Detroit is notorious for bringing to market precisely the wrong products at precisely the worst time. Is it any wonder then that the most oversized, gas-guzzling vehicles all hit the market last year...the same year that they tabled the development of hybrid vehicles and we invaded Iraq? The wisest leaders among us cannot be elected. The American people would never elect someone who told them the truth about the condition of this country, nor would business leaders tolerate it. spot on plunger - there is a waiting list to buy toyota prius on west coast, and if copper keeps going up, they are gonna get more expensive. ive discussed with my children that we have adequate time to adjust since the oil shock. here in socal - many people live in south riverside and work in north san diego and many people live in north san diego and work in south orange county - just one big swirl of humanity. its a shame when our politicians are basically DUDS. gonna get a shot to reload CEF below the 5.74 BO level? Link to comment Share on other sites More sharing options...
Lock Limit Down Posted April 13, 2004 Report Share Posted April 13, 2004 Sixty (60) new lows on NYSE -- A/D ratio almost 3.5-to-1 negative. The indices aren't reflecting the damage. These are bad numbers. Not to speak of a tick I havnt seen so weak in years They are running to the big caps The Ted Spread also signifcantly widened today indicating a flight out of Eurodollars Not good for the bulls Link to comment Share on other sites More sharing options...
BAREister Posted April 13, 2004 Report Share Posted April 13, 2004 Sixty (60) new lows on NYSE -- A/D ratio almost 3.5-to-1 negative. The indices aren't reflecting the damage. These are bad numbers. The subsurface deterioration hASS been occurring FUR weeks. Insiders are engaged in a frenzy of selling. HAYWIRE theory suggests the market will flounder here, where, were it healthy, it would consolidate and ramp still FURther. Link to comment Share on other sites More sharing options...
Lock Limit Down Posted April 13, 2004 Report Share Posted April 13, 2004 FNM and FRE up on the moves in yield Most manipulated stocks in the index MMs buying hand over fist We still havnt had a positive tick since the open Link to comment Share on other sites More sharing options...
Guest Posted April 13, 2004 Report Share Posted April 13, 2004 OxyContin maker expected to announce layoffs Boston.com, MA - 29 minutes ago HARTFORD, Conn. (AP) Purdue Pharma, maker of the lucrative but controversial painkiller OxyContin, is expected to announce about 300 layoffs Tuesday http://www.boston.com/business/technology/...nounce_layoffs/ Re: Dupont 3500 job cuts Of the layoffs, approximately 70 percent will come from United States and Canadian operations, with the remaining 30 percent taken from the European workforce. http://www.chillicothegazette.com/news/sto...ews/224316.html Kilpatrick: Cut 640 jobs, freeze hiring Detroit bus system would take heaviest hit as city struggles with $333M gap in budget http://www.detnews.com/2004/metro/0404/13/a01-121253.htm Link to comment Share on other sites More sharing options...
dogsie Posted April 13, 2004 Report Share Posted April 13, 2004 Definately a bit of an odd start to the day. Internals are terrible but trin at .8 is quite bullish. I suppose there is still tremendous buying interest in the few stocks that are going up. Link to comment Share on other sites More sharing options...
machinehead Posted April 13, 2004 Report Share Posted April 13, 2004 New Lows now 68 on the NYSE. Somebody wants out and is just hitting the bids on a wide range of issues. Is another geopolitical event coming? Link to comment Share on other sites More sharing options...
Butterfield 8 Posted April 13, 2004 Report Share Posted April 13, 2004 MH - wouldn't gold be sniffing that out if so? Link to comment Share on other sites More sharing options...
zensmoke Posted April 13, 2004 Report Share Posted April 13, 2004 DJ Italy Won't Negotiate With Iraqi Hostage Takers - Agency ROME (AP)--An Italian minister said Tuesday that his government wouldn't negotiate with the Iraqis who have taken four Italians hostage, the ANSA news agency reported. The Foreign Ministry confirmed Tuesday that four Italian private security guards working for U.S. company DTS Security, are missing in Iraq. An Arab satellite television network said the four were kidnapped by Iraqi insurgents. The Foreign Ministry said it had information from the company that the four went missing Monday. The Italian news agency AGI and other reports said the four were taken hostage in the city of Fallujah, 55 kilometers west of Baghdad. Dow Jones Newswires Link to comment Share on other sites More sharing options...
brian4 Posted April 13, 2004 Report Share Posted April 13, 2004 Helmets on, buckle up open now for 30 minutes-lock n load! Link to comment Share on other sites More sharing options...
brian4 Posted April 13, 2004 Report Share Posted April 13, 2004 Now it gets REAL NASTY-all of yesterdays gains are gone! Link to comment Share on other sites More sharing options...
zensmoke Posted April 13, 2004 Report Share Posted April 13, 2004 Huge boost for troop numbers By Phillip Coorey, Malcolm Cole and wire services 14apr04 US President George W. Bush is today expected to announce a massive injection of extra troops into Iraq in a bid to quell American unease about the deteriorating security in the country. Overnight the US also foreshadowed a major offensive against the militia of radical Shiite Muslim cleric, Moqtada al-Sadr. US troops arrested al-Sadr's chief aide Sheikh Hazem al-Araji as he was leaving a television interview in a Baghdad hotel last night. In a rare press conference today, Mr Bush will attempt to convince Americans - and the world - that not only must the coalition presence in Iraq continue, but that it must be strengthened. The Bush administration is dealing with the greatest number of American combat deaths in any single month since it sent troops to Iraq and growing opposition to the war among Americans. The US commander in Iraq, General John Abizaid, yesterday paved the way for Mr Bush's announcement. General Abizaid said that he needed two extra combat brigades, equal to about 10,000 soldiers, in addition to the 135,000 US troops who are already in Iraq. General Abizaid told reporters in Washington that the return of some troops from Iraq to the US would almost certainly be delayed. He made a request to the Joint Chiefs of Staff and to the Defence Department in Washington for the extra combat brigades. "In terms of capability, what I have asked for is essentially to have a strong mobile combat arms capability," General Abizaid said. "That's about probably two brigades worth of combat power, if not more. http://www.heraldsun.news.com.au/common/st...255E401,00.html Link to comment Share on other sites More sharing options...
rog Posted April 13, 2004 Report Share Posted April 13, 2004 New Lows now 68 on the NYSE. Somebody wants out and is just hitting the bids on a wide range of issues. Is another geopolitical event coming? There has been an enormous seller of spoos (unwinding long position) this morning "rotating" through the white shoes so as to move inventory without spooking the markets. imo two pillars of the reflation trade, ultar low rates & declining $, have collapsed. The last pillar long stocks, bonds &/or commodities must get punished. Note the Egyptian market just made a 7-year high. What do they export? some cotton. What do they import? Everything else. Do they have a stable currency? No. Why is it making a parabolic move much like Kuwait, Saudi Arabia, Pakistan, and all the other cats & dogs? Liquidity searching for any yield above 1%. No different than a bulletin board stock trading 500 shares/day for 5 years and suddenly trades up 100% per day on 40m shares/day for a week. This kind of action does not happen at the beginning of bull moves Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.