DrStool Posted June 20, 2003 Report Share Posted June 20, 2003 Where's the beef? Link to comment Share on other sites More sharing options...
3Martinis Posted June 20, 2003 Report Share Posted June 20, 2003 Where's thebeef? Al Green and Gov. Bernanke compare lever pulling attributes........... "Your lever pulling muscles are puny...!!" "My lever pulling muscles will break you ...!!" Link to comment Share on other sites More sharing options...
PileDriver Posted June 20, 2003 Report Share Posted June 20, 2003 http://www.cross-currents.net/decisionpoint.html I am so going to enjoy the "POP" (of "Bubble II") Link to comment Share on other sites More sharing options...
Tig 'Ol Bitties Posted June 20, 2003 Report Share Posted June 20, 2003 Not sure if this got any play in IDS today as I wasnt around, but well worth a repeat if it was... Ding-Dong, the Bear Is Dead Friday June 20, 10:56 am ET By Donald Luskin This article was originally published on SmartMoney Select on 6/13/03. THE LOWS OF last Oct. 10 have proven, so far, to be The Bottom. Through yesterday's close, the Standard & Poor's 500 has gained 29.9% gain over the 245 days since Oct. 10's lows. Even from the somewhat higher lows of March 12, the S&P has rallied 26.6% over 92 days. But is the rally sustainable? Yes. Was Oct. 10 the bottom? Yes. Ding-dong is right For those that dont remember the investment prowess Mr. Luskin executed in his heyday, here is a refresher... Metamarkets! Tune in to watch us lose millions in real time! If Luskin says it, then its gotta be true! Link to comment Share on other sites More sharing options...
BartTheBear Posted June 20, 2003 Report Share Posted June 20, 2003 "This is an environment that is hostile to innovation." I've never heard that one before. Link to comment Share on other sites More sharing options...
GregFokker Posted June 20, 2003 Report Share Posted June 20, 2003 On the weekly candes: gravestone doji in equities, gravestone doji in treasuries, gravestone doji in gold, and a bullish engulfing in Uncle Buck. And, the fed started draining this week in its open market ops. So, there's your rally right there. Cut off the feed, and the rally reversed. Second half recovery my freaking ass. Link to comment Share on other sites More sharing options...
brian4 Posted June 20, 2003 Report Share Posted June 20, 2003 Ah! Fokker-you do have a unique grasp on the market testicles-I couldn't agree more! Notice Crisco getting cooked today-Crisco is ALWAYS the first to crumble in a turn as the slimy pos should be. Things are heating up on a number of fronts-all day the news mantra was (get this) the $ is rising BECAUSE AL is going to cut rates-LOL. My two fave news pieces were some snot of an Undersecretary of State telling the BBC that " the U.S. reserves the right to invade Iran" if they won't stop the nuclear thingie. Second (on MSNBC) Da Boyz in Iraq are saying "why are we here-they hate our guts and keep shooting at us." Plus an admission the new attacks are coordinated and have command and control-GEE-I wonder WHO that would be. Plus some fool analcyst on proctovision was asked if natural gas prices would continue to rise and he replied-"well it's a weather thing you know" for this they pay him $ TGIF! Trade Safe! Link to comment Share on other sites More sharing options...
Hypertiger Posted June 20, 2003 Report Share Posted June 20, 2003 Chop .25 then lab rat the moneymarket aftermath into equities could be trick? Will it work? Short term maybe...if the theory holds... Big picture...Grim beyond belief. Link to comment Share on other sites More sharing options...
Guest Posted June 20, 2003 Report Share Posted June 20, 2003 If the economy were recovering, the Fed would not be cutting, and everybody knows it. DaBoys know that everybody is heading for the exits after the 30th, so now the only question remaining is how soon do they start to front-run the exits. My contention, based on the home builders and the internets is that they already are. A new trend in the past week is a big increase in calls to borkers to put in stop-loss orders. As we all know too well from our stops being taken out on the upside, when those stop-loss orders become market orders, the spreads get huge, and the moves get radical. Is it early? Is it time? Tits Short. Plunger Link to comment Share on other sites More sharing options...
TheMotleyStool Posted June 20, 2003 Report Share Posted June 20, 2003 If the economy were recovering, the Fed would not be cutting, and everybody knows it.DaBoys know that everybody is heading for the exits after the 30th, so now the only question remaining is how soon do they start to front-run the exits. My contention, based on the home builders and the internets is that they already are. A new trend in the past week is a big increase in calls to borkers to put in stop-loss orders. As we all know too well from our stops being taken out on the upside, when those stop-loss orders become market orders, the spreads get huge, and the moves get radical. Is it early? Is it time? Tits Short. Plunger They don't know it. The bulls really do believe that the economy is on the mend. They are completely insane, but they do believe it. They say, "I hope the Fed doesn't cut 50 points because it sends the wrong message." If the economy is growing, you don't need to worry about messages. The truth is the economy is not on track for 4% growth and the Fed knows it. The bulls, however, are clueless. Link to comment Share on other sites More sharing options...
Fukui-san Posted June 20, 2003 Report Share Posted June 20, 2003 On the weekly candes: ?gravestone doji in equities, gravestone doji in treasuries, gravestone doji in gold, and a bullish engulfing in Uncle Buck. ?And, the fed started draining this week in its open market ops. ? So, there's your rally right there. ? Cut off the feed, and the rally reversed. Second half recovery my freaking ass. doji = (adj-na,n) blunder or clumsiness Hopefully I can avoid doji. Especially in investing. Here's some news: Contract Electronics Manufacturer Solectron reports USD3.1 billion loss They can't even pay the interest on the money they owe. 2nd half recovery? Not in tech stocks. Link to comment Share on other sites More sharing options...
Metamucil Posted June 20, 2003 Report Share Posted June 20, 2003 METALLICA!! Picture-perfect inverted head-shoulders Locked and loaded The volume, the volume..... gold Financials Fear, directly ahead Link to comment Share on other sites More sharing options...
Grizzly_Canuck Posted June 20, 2003 Report Share Posted June 20, 2003 Well the rally I mentioned here mid-March has taken the S&P up some 25% and the NDX some 30%. The 78.5-week cycle looks like it has run its course though. But I didn't come here to brag. I now started shorting but only fractionally. I'll be adding to shorts with a stop at the recent high. looking for 3-4 months decline. Link to comment Share on other sites More sharing options...
realist Posted June 20, 2003 Report Share Posted June 20, 2003 If the economy were recovering, the Fed would not be cutting, and everybody knows it. Is it early? Is it time? Tits Short. Plunger Oh. But this, the 13th one is just for insurance sakes right? Too ensure that the recovery will take hold. I think I heard the same crap on the 11th and 12th rate fart as well. What a joke. The killer today, $NYSI and $NASI crossed over. $BPSPX is also now intersecting. May have jumped the gun a bit but the $BPNDX told me so. Initiated a 15% position today via RYAIX. Link to comment Share on other sites More sharing options...
3Martinis Posted June 20, 2003 Report Share Posted June 20, 2003 Bob Hoye.... http://www.prudentbear.com/archive_comm_ar...ntent_idx=24059 With no fear of plagiarism, Keynes also recommended the ancient misunderstanding that a credit vacuum and deflation that normally follows the expenditure of available credit during the mania can be turned around by the artificial injection of credit by some very earnest agency. (Friedrich Hayek recalled that when Keynes was contriving his remedies, he was totally ignorant of financial history.) Link to comment Share on other sites More sharing options...
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