wndysrf Posted July 16, 2003 Report Share Posted July 16, 2003 There is no stock bubble. Most stocks are moving up in an orderly, predictable manner typically found during cyclical bull markets. Decent gap up on USNA, ISIL to new highs. SUNW and BEAS look like the next stocks to break out and start moving. I presume that reallocation from bonds to stocks will start accelerating now. Link to comment Share on other sites More sharing options...
wndysrf Posted July 16, 2003 Report Share Posted July 16, 2003 Dan "The Greaseman" Niles coming up on Crapvision...... Link to comment Share on other sites More sharing options...
machinehead Posted July 16, 2003 Report Share Posted July 16, 2003 Wndysrf The 12-month change in CPI was 2.1%. Thus the current 3-month T-bill rate of 0.9% is -1.2% in real terms. Negative real rates (monetary stimulus) plus 5% of GDP budget deficit (fiscal stimulus). That's one of the most balls-out stimulative stances in history. What's it imply? Probably, artificial stock market boom this year; artificial economic boom next; then another worse bust in both. We are burning the furniture to make a nice bonfire at the lawn party. Enjoy. Link to comment Share on other sites More sharing options...
TheMotleyStool Posted July 16, 2003 Report Share Posted July 16, 2003 The whole commentary is published on a website (maybe without permission), but it's a site that can't be linked from Capitalstool. Just go to tinyurl.com and tinyurl it. They will never know of the link. Link to comment Share on other sites More sharing options...
Ned38 Posted July 16, 2003 Report Share Posted July 16, 2003 Odd that gold isn't getting slammed Link to comment Share on other sites More sharing options...
soup Posted July 16, 2003 Report Share Posted July 16, 2003 machine: all that stimulus and the economy continues to detoriate. Throw in the fact that 10s are now north of 4%, and you get one big mess. No more re fi bubble, no more liquidity for stocks. Repeat after me, all the kings horse and all the kings men can not put humpty dumpty back together again. You can not cure the patient with the same medicine that nearly killed him. No way this works in a world swimming in overcapacity and supply. EOR. Link to comment Share on other sites More sharing options...
crooked_analyst Posted July 16, 2003 Report Share Posted July 16, 2003 There is no stock bubble. Most stocks are moving up in an orderly, predictable manner typically found during cyclical bull markets. Decent gap up on USNA, ISIL to new highs. SUNW and BEAS look like the next stocks to break out and start moving. I presume that reallocation from bonds to stocks will start accelerating now. 100-200 point openings is orderly? 24% - 45% increase in a 2-3 month period is orderly? I trust you are kidding.... Link to comment Share on other sites More sharing options...
machinehead Posted July 16, 2003 Report Share Posted July 16, 2003 Richard Russell July 15th commentary: http://tinyurl.com/h3ls Host site contains other content that may be offensive to some. No endorsement implied. Link to comment Share on other sites More sharing options...
DrStool Posted July 16, 2003 Report Share Posted July 16, 2003 Today's Bear Zone Stool For those in the know. Everybody else stay here at: Bullstool.com - A real pile of crap Link to comment Share on other sites More sharing options...
gruff Posted July 16, 2003 Report Share Posted July 16, 2003 9:15am Industrial production and Capacity utilization reports 10am More Greenspin gobbledegook 10:30am Energy Dept. oil stocks BBZ ES 1004.705 ~ 1005.144 NQ 1309.589 ~ 1310.153 USD higher Yerpean bourses up Link to comment Share on other sites More sharing options...
TheMotleyStool Posted July 16, 2003 Report Share Posted July 16, 2003 There is no stock bubble. Most stocks are moving up in an orderly, predictable manner typically found during cyclical bull markets. A bubble, as I use the term, means that prices have far exceeded the fundamentals and will eventually decline greatly and painfully for everyone involved. How orderly the rise isn't a factor. Link to comment Share on other sites More sharing options...
Fukui-san Posted July 16, 2003 Report Share Posted July 16, 2003 Weill Steps Down as Citi CEO; Prince Named as Replacement This is getting funky. Link to comment Share on other sites More sharing options...
Guest Posted July 16, 2003 Report Share Posted July 16, 2003 Odd that gold isn't getting slammed It's still early. Link to comment Share on other sites More sharing options...
Guest Posted July 16, 2003 Report Share Posted July 16, 2003 machine: all that stimulus and the economy continues to detoriate. Throw in the fact that 10s are now north of 4%, and you get one big mess. No more re fi bubble, no more liquidity for stocks. Repeat after me, all the kings horse and all the kings men can not put humpty dumpty back together again. You can not cure the patient with the same medicine that nearly killed him. No way this works in a world swimming in overcapacity and supply. EOR. Who said that it had to work? You think that the monetary and fiscal madness is more than a desperate delaying action? All these guys are doing is keeping the wheels on long enough to loot the treasury and get out of town. Link to comment Share on other sites More sharing options...
machinehead Posted July 16, 2003 Report Share Posted July 16, 2003 You can not cure the patient with the same medicine that nearly killed him. No way this works in a world swimming in overcapacity and supply. You're right. The patient is terminal. But a triple dose of Oxycontin, crank and BC bud will have him feeling fine for a few hours, before he checks out for good. Enjoy the last party; that's our future going up in smoke. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.