Guest yobob1 Posted December 9, 2002 Report Share Posted December 9, 2002 Could I interest you in some mountain property Doc? People who live on flat land shouldn't throw big rocks in the water. Link to comment Share on other sites More sharing options...
Bird D Durr Posted December 9, 2002 Report Share Posted December 9, 2002 Glad, Great opening. To add, as a member of the educated unemployed (my Bar license comes this week), who lives off casino gaming winnings and some minor short wins, I think the word "sweating" encompasses everything to do with speculation. Reason dictates that if brilliant people do their homework and take educated riskes they'll win more than lose. The wrenches in this scenario are too high of leverage and psychology. Those two things can screw up the best laid plans. As cliche as it sounds, to be a winner one must quit a winner. There's just no other way. knowing when to walk away is key. If one is not capable of doing this due to stress or addiction one should not play the game. -Bird Link to comment Share on other sites More sharing options...
simple guy Posted December 9, 2002 Report Share Posted December 9, 2002 From the Daily Reckoning Household net worth is falling at an annual rate of $1.8 trillion, says the Fed. But mortgage debt is rising at nearly 13% per year - 4 times as fast as the growth of the economy, personal income, and inflation. That too, must sink towards mediocrity...but when? Other dirty secrets will come to light, we suspect, when the refi bubble finally pops. But mostly, people will wonder what they were thinking. Why did they add to their mortgages when they should have been paying them off? Why did they buy stocks when they should have been selling them? And then, when the secrets are out...when the P/Es have collapsed...when yesterday's excellent CEOs and maestro central bankers have become scoundrels and incompetents...mediocrity will be popular, once again. Link to comment Share on other sites More sharing options...
DrStool Posted December 9, 2002 Report Share Posted December 9, 2002 Suctor Watch I am unabashedly bullish on the miners. Like with the tsunami, it's a question of when, not "if." Link to comment Share on other sites More sharing options...
Guest yobob1 Posted December 9, 2002 Report Share Posted December 9, 2002 POG is back to near even again. Lately London sells it off and then when the US markets open it gets bid up more often than not. This is reversal from the patterns of not too far back. What gives? Link to comment Share on other sites More sharing options...
rog Posted December 9, 2002 Report Share Posted December 9, 2002 Thanks a lot Doc, Since I live on the Long Island Sound. Now I can look forward to watching a wave crash over LI just before it fills up my new indoor swimming pool that was formerly my living room. Oh the humanity. Link to comment Share on other sites More sharing options...
Charmin Posted December 9, 2002 Report Share Posted December 9, 2002 money is moving back into bonds and out of stocks 21st Century Link to comment Share on other sites More sharing options...
DrStool Posted December 9, 2002 Report Share Posted December 9, 2002 Pre Market Update Anybody see Doc's new IDS signoff Friday night? Near middle of page. (Speakers on, of course.) Tanks to Ano for his help. Link to comment Share on other sites More sharing options...
rog Posted December 9, 2002 Report Share Posted December 9, 2002 German industrial production - 2.3% in September. Japanese consumer spending -2% both suprising in terms of magnitude and direction. Suggests a US trade deficit of 6% in 2003. Never before has a nation survived a 6% deficit without massive inflation and currency devaluation. John Snow CEO of CSX appointed Tresury Secretary. Long live the new economy managed by a railroad man! Link to comment Share on other sites More sharing options...
Rockhead Posted December 9, 2002 Report Share Posted December 9, 2002 Hey look guys/gals....I can dance! Tanks go to Ano for the fantastic animation of my avatar. Another fine Ano animation. Tanks man! Now if we can put some little bull images below my moving feet with some internals falling out, that would be huge. :grin: Link to comment Share on other sites More sharing options...
sweefraapp Posted December 9, 2002 Report Share Posted December 9, 2002 Isis Rated New `Market Outperform' at Rodman & Renshaw By Betty Guarino Princeton, New Jersey, Dec. 9 (Bloomberg Data) -- Isis Pharmaceuticals Inc. (ISIS US) was rated new ``market outperform'' in new coverage by anal cyst Elemer Piros Phd at Rodman & Renshaw. The 12-month target price is $15.00 per share. Link to comment Share on other sites More sharing options...
DrStool Posted December 9, 2002 Report Share Posted December 9, 2002 sweef- what happened to your avatar? Link to comment Share on other sites More sharing options...
sweefraapp Posted December 9, 2002 Report Share Posted December 9, 2002 A retail sales reporter this morning said that sales were below targets over the weak end. I thought it busy, but not as busy as it should have been where I had gone. My $166 tape at Best Buy was the smallest one I observed in about 5 minutes standing in line. Link to comment Share on other sites More sharing options...
simple guy Posted December 9, 2002 Report Share Posted December 9, 2002 Cautious note for Gold Bugs Keep in mind Im a contrarian by nature, and LT bullish on gold stocks, just not right this minute. 1. Commercial short positions are at the highest levels of the year, similar to where they were at the last two peaks of this year. Commercial shorts en masses are rarely wrong. The public en masses normally always wrong. 2. Small traders long positions are at their 4th highest levels ever. 41,500 long contracts. Prior to this year, the only other time small traders have been this bullish was Aug 93, at another price peak of $409 per ounce. 3. Trianges preceed the final move in an Elliott wave sequence, a final thrust higher for gold prices is quite likely near term.... your opportunity to close long positions and go short IMO... history does repeat itself... ... you've been warned, with plenty of room to make some quick long money, but be prepared for a very sharp reversal... Link to comment Share on other sites More sharing options...
sweefraapp Posted December 9, 2002 Report Share Posted December 9, 2002 I think Undiedog had to go save a bull. We'll all have to look at Madonna for a while. Link to comment Share on other sites More sharing options...
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