zensmoke Posted October 22, 2004 Report Share Posted October 22, 2004 AMZN down 10% GOOG up 16 % Link to comment Share on other sites More sharing options...
zensmoke Posted October 22, 2004 Report Share Posted October 22, 2004 In case you missed it UPDATE 1-US Treasury's Snow says supports strong dollarWed Oct 20, 2004 12:52 PM ET (Adds background, Snow quote) TAMPA, Fla, Oct 20 (Reuters) - U.S. Treasury Secretary John Snow on Wednesday repeated U.S. support for a strong dollar but declined to comment on a recent drop in the dollar's value against those of other major currencies. "We support a strong dollar," he said. http://www.reuters.com/financeNewsArticle....storyID=6558219 Link to comment Share on other sites More sharing options...
Butterfield 8 Posted October 22, 2004 Report Share Posted October 22, 2004 crude 55.20. 80 cents to go. Link to comment Share on other sites More sharing options...
zensmoke Posted October 22, 2004 Report Share Posted October 22, 2004 Dollar Heads to Worst Week in 6 on Trade Gap, Lower Investment Oct. 22 (Bloomberg) -- The dollar headed to its biggest weekly drop in six against the euro after Federal Reserve Bank of San Francisco President Janet Yellen said a widening trade deficit is a risk for U.S. economic growth. The gap between exports and imports, which at $54 billion in August was the second biggest on record, poses ``significant issues'' for the economy, Yellen said in a speech in San Francisco. Declines for the dollar added to a drop on Oct. 18, when a government report showed foreign investors in August bought the fewest U.S. financial assets in 10 months. Yellen's remarks ``reflect the unease that the Fed feels in dealing with the ever-widening current-account deficit,'' said Alex Patelis, senior currency strategist at Merrill Lynch & Co. in London, referring to the broadest measure of trade. The gap ``is really the driver of this whole move'' in the dollar. Against the euro, the dollar weakened to $1.2630 at 11:05 a.m. in New York, from $1.2615 late yesterday, and dropped as low as $1.2659, the weakest since Feb. 25, according to electronic foreign-exchange trading system EBS. The U.S. currency traded at 107.49 yen, from 107.47, heading for its biggest weekly drop in five months. The dollar fell 1.3 percent this week against the euro and tumbled 1.6 percent versus the yen after the Treasury Department said foreign investors bought a net $59 billion of U.S. stocks, corporate bonds, Treasuries and other financial assets in August, the least since October last year. ``It's a dislike of the dollar,'' said David Durrant, chief currency strategist in New York for Bank Julius Baer & Co., which manages $95 billion. Foreign asset managers ``don't want to own the dollar risk associated with a U.S. asset.'' http://quote.bloomberg.com/apps/news?pid=1...kpHA&refer=asia Link to comment Share on other sites More sharing options...
Guest Posted October 22, 2004 Report Share Posted October 22, 2004 Martin Goldberg suggests......... CHART FISSURES SUGGEST SOMETHING BIG IS ABOUT TO HAPPEN http://www.financialsense.com/Market/goldberg/2004/1021.html Link to comment Share on other sites More sharing options...
Bearbones Posted October 22, 2004 Report Share Posted October 22, 2004 In case you missed it UPDATE 1-US Treasury's Snow says supports strong dollarWed Oct 20, 2004 12:52 PM ET (Adds background, Snow quote) TAMPA, Fla, Oct 20 (Reuters) - U.S. Treasury Secretary John Snow on Wednesday repeated U.S. support for a strong dollar but declined to comment on a recent drop in the dollar's value against those of other major currencies. "We support a strong dollar," he said. http://www.reuters.com/financeNewsArticle....storyID=6558219 With what? A jock strap? Link to comment Share on other sites More sharing options...
Guest Posted October 22, 2004 Report Share Posted October 22, 2004 Martin Goldberg suggests......... CHART FISSURES SUGGEST SOMETHING BIG IS ABOUT TO HAPPEN http://www.financialsense.com/Market/goldberg/2004/1021.html Oil and the Ten Year Yield... The beach balls that won't stay under water... http://139.142.147.26/GifChartEngine.dll?i...refreshrate=180 Link to comment Share on other sites More sharing options...
Hiding Bear Posted October 22, 2004 Author Report Share Posted October 22, 2004 A left over topic that was addressed yesterday and which I cannot link because ofa block, check this alternative site and pick your topic related to DEPLETED URANIUM contamination. http://www.iacenter.org/depleted/du.htm DEPLETED URANIUM EDUCATION PROJECT updated: 4 September, 2004 Hypertiger predicted before the Iraq War II started that there would be massive contamination by DU in Iraq. Link to comment Share on other sites More sharing options...
Yaryman Posted October 22, 2004 Report Share Posted October 22, 2004 Housing "softpatch" migrating north to Detroit http://www.detnews.com/2004/realestate/041.../a01-312437.htm "Real estate agents say homes priced above $300,000 are more challenging to sell, given the reluctance of families to take on added debt amid sluggish economic conditions." I'm surprised the Matrix let that get into print. :grin: Link to comment Share on other sites More sharing options...
Butterfield 8 Posted October 22, 2004 Report Share Posted October 22, 2004 Saw a report that Russia has enough oil to swamp the market. problem is delivery, shipping. anybody up on status of Lukoil and the whole mess over there? Link to comment Share on other sites More sharing options...
flockofsheeples Posted October 22, 2004 Report Share Posted October 22, 2004 fleabay. Link to comment Share on other sites More sharing options...
Lock Limit Down Posted October 22, 2004 Report Share Posted October 22, 2004 And now the dreaded noon hour stop runs followed by the two hour 200-600 plus tick operation No clue if the pattern holds today but lowering stops just in case Link to comment Share on other sites More sharing options...
Guest Posted October 22, 2004 Report Share Posted October 22, 2004 A left over topic that was addressed yesterday and which I cannot link because ofa block, check this alternative site and pick your topic related to DEPLETED URANIUM contamination. http://www.iacenter.org/depleted/du.htm DEPLETED URANIUM EDUCATION PROJECT updated: 4 September, 2004 Hypertiger predicted before the Iraq War II started that there would be massive contamination by DU in Iraq. Hyper wasn't wrong. Massive it is with extremely dire consequences for living organisms. Link to comment Share on other sites More sharing options...
brian4 Posted October 22, 2004 Report Share Posted October 22, 2004 Opening in 5 minutes for 45 minutes, may come early-Buckle up-new low coming! Link to comment Share on other sites More sharing options...
Hiding Bear Posted October 22, 2004 Author Report Share Posted October 22, 2004 10/22/2004 The Feds actions today indicate they have still not come to the POR on the money supply slide. The Fed took away about $6B or so in repos, which is a little surprising ? and bodes poorly for the market over the next day or so. AG is still not worried much about oil, the economy, or GSEs ? as we hear every day from Fed members. This seems to be part of the positive ?words? policy espoused recently by the Fed. However wishing only works in the land of Peter Pan and Captain Hook. My feeling is that the Fed is still going back to the higher end of recent range ? from the bottom reached recently - that would target around a 6% growth rate in the monetary base. This will probably continue until the end of the month. Thereafter, in early November, the Fed may tighten things up a little to make way for the expected ? point rate increase that looks very likely now. Note: See Doc?s Feed Report for charts and a comprehensive explanation of where the Fed is now. As you may see from the attachments, the Fed had about a 4% monetary base growth rate in the first five months of 2005, accelerated to about 6% at the same time it started moving up interest rates. I expect an 8% growth rate to be implemented in the next 2 to 6 weeks. The problem is that this time the Fed will not be fighting head winds but a hurricane, and it may get blown aside before it realizes how powerful the storm is. Falling money supply and liquidity will exert a significant negative effect on the market the next few weeks. Monetary Base http://research.stlouisfed.org/publications/usfd/page3.pdf M2 Money Supply http://research.stlouisfed.org/publications/usfd/page6.pdf Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.