aureleus Posted January 7, 2004 Report Share Posted January 7, 2004 Need to chill out folks. It's just another mania. Or the same one if you care to look at it that way. Semantics. Manias usually do not come this close together, but in the early years of the 20th century, both before and after the creation of the Fed, manias and panics were regular features of markets. You should not blame the Fed for this week's rally. They drained $19 billion over two days, and the Treasury is also suctioning at the moment. This rally and all rallies are driven by short covering. This one in particular is being helped along by seasonal 401K/IRA cash flows, which are likely to be heavier than normal, because it's a mania. Stop blaming the Fed and the gummit. Not that they didn't sponsor this. Of course they did. But it's now a mania pure and simple. With all due respect Doc, but this is not correct. If the Fed goes out tomorrow and says "that's it guys, no more blank checks", we go to the toilets immediately. The reason we are still elevated is the fact that the Fed is still coming out every week saying "blank checks for everyone". It is this blatant behaviour which is tipping people off. It's not just simply "sponsoring" the show. We've talked of the money supply figures before. What if you count all those promised bail-out-dollars as part of the money supply? If not, why not? Money is a "state of mind", and reading the Fed is more than statistics. regards Link to comment Share on other sites More sharing options...
Guest jrmfl Posted January 7, 2004 Report Share Posted January 7, 2004 anyone wants: JPMorgan Energy Research: Weekly Oil Data Report email me at [email protected] Link to comment Share on other sites More sharing options...
The End Posted January 7, 2004 Report Share Posted January 7, 2004 Doc, Chat is not working. Link to comment Share on other sites More sharing options...
soup Posted January 7, 2004 Report Share Posted January 7, 2004 THe fed does not send smoke signals, they are in constant consultation with the bulge boys. There is no guess work on their part, if there was they could not take on the risk(s) to promulgate the various bail outs. Link to comment Share on other sites More sharing options...
summoner Posted January 7, 2004 Report Share Posted January 7, 2004 21 dma of the equity PCR at EXTREME levels of overbought...l...severe smackdown coming soon to a theater near you....Im with Libertas, sit back and enjoy the greatest market spectacle of all time...it really is worth the price of admission TRADE SAFE Link to comment Share on other sites More sharing options...
wndysrf Posted January 7, 2004 Author Report Share Posted January 7, 2004 Soup: This is the greatest entertainment ever. I don't even pay any attention to TV Sitcoms, Sports, or anything else. Love watching this action. Can't wait to see how it blows up. Why not stay in cash and watch???? Link to comment Share on other sites More sharing options...
Short'em High Posted January 7, 2004 Report Share Posted January 7, 2004 Don't think the NasTrash corrects until the SOX test the 640 area. Semis are going to report glowing results and have positive forward looking statements. This is a recipe for unadulterated, lathered mania blowoff movement here in January. Semis to lead the NDX higher. Next stop ??? Doc's right its just a mania. Ride the wave or just chill on the beach. Maybe best for most bears on this site just sit and watch guys like wndy ride the Bonzai Pipeline. 'Cause when is curls at the top, it's going to slam most surfers to the bottom. SEH Link to comment Share on other sites More sharing options...
soup Posted January 7, 2004 Report Share Posted January 7, 2004 wndy: I have a decent cash and gold postion. What pisses my off to no end is I know what these fuc#ers are doing, and I am silly enough to want them to pay for their heionous crimes. The music must stop. The titantic must be allowed to sink. Greenspew needs to be tar and feathered and hung in the town square. Link to comment Share on other sites More sharing options...
The End Posted January 7, 2004 Report Share Posted January 7, 2004 Good to see you SEH. Link to comment Share on other sites More sharing options...
soup Posted January 7, 2004 Report Share Posted January 7, 2004 the earnings numbers wil of course be all bogus, I would not be so sure the semis will be bought on the smoke and mirrors, after all the cure for cancer and permanent world peace have been priced into klac/amat/intc etc. Link to comment Share on other sites More sharing options...
MrHanky Posted January 7, 2004 Report Share Posted January 7, 2004 end: Yes, I imagine I am not to far from sitting in a corner having conversations with myself. I am sure I am close to being kicked out of here. Oh well, was always prepared to be taken in a straigh jacket to a mental institution. //// JR: I replyed , please tell me if you got the response, never sure if I so that correctly. you think you got it bad?check out my story this week... I have just been told I cannot work in any casino in nj for 4 years(I am a stage technician working in 6 casino's).why you ask?.....I got caught a few years ago with 7 grams of pot(40bucks worth).fortunately the charges have been dropped and i have no criminal record at all.the casino control commision(god)says they don't care if the charges were dropped.just the fact that I was charged is enough to ban me for life if they so choose. Hows that for justice!I am now guilty after being proven innocent.just being accused of a crime means I'm automatically guilty.now I have no job,a new house being completed in 3 weeks and a new car( not to mention my dog dropped dead a few weeks ago) and this was one of my better weeks lately Link to comment Share on other sites More sharing options...
Guest Posted January 7, 2004 Report Share Posted January 7, 2004 Holy Mad Cow!!! http://139.142.147.22/GifChartEngine.dll?i...refreshrate=180 UPDATE 1-USDA certifies eMerge's mad cow tracking tool 1/7/2004 4:33:51 PM Link to comment Share on other sites More sharing options...
agent.5 Posted January 7, 2004 Report Share Posted January 7, 2004 wndy: I have a decent cash and gold postion. What pisses my off to no end is I know what these fuc#ers are doing, and I am silly enough to want them to pay for their heionous crimes. The music must stop. The titantic must be allowed to sink. Greenspew needs to be tar and feathered and hung in the town square. I hear you, but the criminals are running the Country. Greenspam is only a foot soldier in the whole scheme of thing. The criminals probably believe that the Country works for them and your J6P is nothing more than one of their servants. Link to comment Share on other sites More sharing options...
Guest jrmfl Posted January 7, 2004 Report Share Posted January 7, 2004 the earnings numbers wil of course be all bogus, I would not be so sure the semis will be bought on the smoke and mirrors, after all the cure for cancer and permanent world peace have been priced into klac/amat/intc etc. precisely, 640's on SOX? send me whatever yer smokin... please. not now, maybe later. Link to comment Share on other sites More sharing options...
The End Posted January 7, 2004 Report Share Posted January 7, 2004 Sorry to read about that Mr H. Good luck. Link to comment Share on other sites More sharing options...
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