Drano Posted October 29, 2004 Report Share Posted October 29, 2004 Drano is that sound I hear-you kicking yourself?? For not buying more FDG? You bet! Link to comment Share on other sites More sharing options...
jstrack Posted October 29, 2004 Report Share Posted October 29, 2004 Right, end of the month...end of the FY..... Link to comment Share on other sites More sharing options...
Hiding Bear Posted October 29, 2004 Author Report Share Posted October 29, 2004 This one is to welcome back yobob1: On the Chicago PMI - STEVE RICCHIUTO, CHIEF U.S. ECONOMIST, ABN AMRO, NEW YORK: "The PMI is one of the numbers that kind of bucks the weaker trend we've seen in other data recently, and combined with the fact that the consumer sentiment number edged up from its mid-month reading is encouraging. The factory sector is certainly holding up better than many people had thought. But the articles in the paper this morning about the automobile assemblies possibly being cut on a refusal by the dealers to hold onto larger inventories could be a problem for this going forward." Hey vehicle dealers - you are not doing your fair share in accumulating excess inventory! Link to comment Share on other sites More sharing options...
Guest Posted October 29, 2004 Report Share Posted October 29, 2004 curious where the mkt will close today? Look at the calander 1029 sounds about right Link to comment Share on other sites More sharing options...
soup Posted October 29, 2004 Report Share Posted October 29, 2004 600 sounds right. But since when was reality invited to the party? Link to comment Share on other sites More sharing options...
jstrack Posted October 29, 2004 Report Share Posted October 29, 2004 My discussions with dealers suggest that they have a love, hate, and fearful relationship with the mother ship company..... Overall, the are generally suspect of the corporate decisions....so its highly probably that they will resist all efforts by the big company unless they get incentives.... Link to comment Share on other sites More sharing options...
soup Posted October 29, 2004 Report Share Posted October 29, 2004 heard a great oldie last night. Country Joe McDonald's song about Vietnam. Machine, remember that tune? Link to comment Share on other sites More sharing options...
Guest Posted October 29, 2004 Report Share Posted October 29, 2004 600 sounds right. But since when was reality invited to the party? Soup: If the market continues to drive you crazy, you might want to make use of the www.SoupToNuts.com URL...it's available for purchase. Link to comment Share on other sites More sharing options...
Guest Posted October 29, 2004 Report Share Posted October 29, 2004 heard a great oldie last night. Country Joe McDonald's song about Vietnam. Machine, remember that tune? "Whoopie, we're all gonna die!" Link to comment Share on other sites More sharing options...
orvack Posted October 29, 2004 Report Share Posted October 29, 2004 Dec.'04 COPPER, COMEX 131.80 +6.45 Link to comment Share on other sites More sharing options...
palix Posted October 29, 2004 Report Share Posted October 29, 2004 On a 5 minute chart the DJI looks like and inverted head and shoulders. A break of 1015 would have a target of 1040, which would be a double top of the move earlier this morning. On the other hand the housebuilders are on the way down so I'll probably short more at the next DJI peak. Link to comment Share on other sites More sharing options...
Hiding Bear Posted October 29, 2004 Author Report Share Posted October 29, 2004 Weekly Leading Index Falls10/29/2004 NEW YORK, Oct 29 (Reuters) - A leading index of the U.S. economy fell in the latest week, due to lower mortgage applications and a rise in people filing for initial jobless claims, a report showed on Friday. The Economic Cycle Research Institute, an independent forecasting group, said its weekly leading index (WLI) fell to 130.6 in the week ended Oct. 22 compared with 131.6 in the previous week. ECRI noted the fall in the index was offset slightly by lower bond yields, The index's annualized growth rate, which smooths out weekly fluctuations, fell to an 84-week low of -1.4 percent from -1.0 in the prior week. "The WLI is saying 'don't worry, but don't be happy' by showing little risk of growth falling off a cliff, but no sign of a strong reacceleration in growth either." said Lakshman Achuthan, Managing Director of ECRI. "It's notable that today's Gross Domestic Product (GDP) report, where weakness caught the market off-guard, is consistent with earlier declines in the WLI," Achuthan added. http://www.businesscycle.com/showstory.php?storyID=736 This organization's data does not square with the PMI either. Despite the Chicago PMI, business should worry and not be happy over the declining liquidity in the economy. Money supply growth is lagging behind nominal GDP growth for six months. After getting a huge boost from mortgage credit expansion in the first and into the second quarters, the money supply is stagnating and about to turn down. Either the economy will slow down or the money supply will have to expand faster. I don't yet see the mechanism for the later. http://research.stlouisfed.org/publications/usfd/page6.pdf Link to comment Share on other sites More sharing options...
machinehead Posted October 29, 2004 Report Share Posted October 29, 2004 heard a great oldie last night. Country Joe McDonald's song about Vietnam. Machine, remember that tune? "Whoopie, we're all gonna die!" Well it's one - two - three - WHAT ARE WE TRADIN' FOR? Well I don't give a damn My next stop's the loony slam ... Link to comment Share on other sites More sharing options...
The brown one Posted October 29, 2004 Report Share Posted October 29, 2004 Soup: Yeah, come on all of you, big strong men, Uncle Sam needs your help again. He's got himself in a terrible jam Way down yonder in Vietnam So put down your books and pick up a gun, We're gonna have a whole lotta fun. And it's one, two, three, What are we fighting for ? Don't ask me, I don't give a damn, Next stop is Vietnam; And it's five, six, seven, Open up the pearly gates, Well there ain't no time to wonder why, Whoopee! we're all gonna die. Well, come on generals, let's move fast; Your big chance has come at last. Gotta go out and get those reds ? The only good commie is the one who's dead And you know that peace can only be won When we've blown 'em all to kingdom come. And it's one, two, three, What are we fighting for ? Don't ask me, I don't give a damn, Next stop is Vietnam; And it's five, six, seven, Open up the pearly gates, Well there ain't no time to wonder why Whoopee! we're all gonna die. Huh! Well, come on Wall Street, don't move slow, Why man, this is war au-go-go. There's plenty good money to be made By supplying the Army with the tools of the trade, Just hope and pray that if they drop the bomb, They drop it on the Viet Cong. And it's one, two, three, What are we fighting for ? Don't ask me, I don't give a damn, Next stop is Vietnam. And it's five, six, seven, Open up the pearly gates, Well there ain't no time to wonder why Whoopee! we're all gonna die. Well, come on mothers throughout the land, Pack your boys off to Vietnam. Come on fathers, don't hesitate, Send 'em off before it's too late. Be the first one on your block To have your boy come home in a box. And it's one, two, three What are we fighting for ? Don't ask me, I don't give a damn, Next stop is Vietnam. And it's five, six, seven, Open up the pearly gates, Well there ain't no time to wonder why, Whoopee! we're all gonna die. -Country Joe McDonald Link to comment Share on other sites More sharing options...
Lock Limit Down Posted October 29, 2004 Report Share Posted October 29, 2004 Hey Soup What was the name of that book you were recommending? Its on my other computer in the shop. many thanks Link to comment Share on other sites More sharing options...
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