Hiding Bear Posted March 25, 2004 Report Share Posted March 25, 2004 Welcome to B$ The Bell! Less than zero: POLICYMAKERS ON THE PLATFORM Markets will watch ECB President Jean-Claude Trichet's speech in the U.S. at 4 p.m. EST to see if he expands on comments to a German business newspaper on Tuesday about the ECB's worries on consumer spending. These were the comments that prompted the euro's initial losses on Wednesday. "There has been quite an important shift in foreign exchange market sentiment on interest rate views," said Tony Norfield, head of foreign exchange research at ABN AMRO. U.S. Federal Reserve Chairman Alan Greenspan speaks at 9 a.m. EST, Treasury Secretary John Snow at 10 a.m. EST and a batch of Fed officials, including New York Fed President Timothy Geithner and St. Louis President, William Poole all take the podium later in the day. U.S. initial jobless claims are due at 8:30 a.m. EST, with anal cysts predicting 335,000 new filings. Revised fourth quarter U.S. gross domestic product figures are also due at 8:30 a.m. EST. WASHINGTON POST China Tightens the Screws: China's Central Bank Raises Rate for Banks By KEITH BRADSHER Published: March 25, 2004 HONG KONG, March 24 - China's central bank announced late Wednesday that it would raise the interest rates it charges banks for loans by nearly two-thirds of a percentage point, and would require the weakest banks to hold larger reserves. Taken together, the two measures represent a moderate tightening of monetary policy - a light tap on the brakes for an economy that is showing signs of overheating and rising inflation. Economists said the two moves could somewhat slow the swift increase in bank lending that has caused a steep rise in China's money supply and has raised fears that Chinese banks may be creating another wave of bad loans. The two steps show Beijing's growing determination to prevent banks from taking undue risks in lending in the confidence that the government will bail them out if they run into trouble. The central bank's moves will increase pressure on commercial banks to shore up their finances so as to avoid extra costs in borrowing money and in holding greater reserves. http://www.nytimes.com/2004/03/25/business...ess/25yuan.html Link to comment Share on other sites More sharing options...
DrStool Posted March 25, 2004 Report Share Posted March 25, 2004 Worries About Gold Stocks No Problem For The Metal Your Golden Stool, including short and long term updated charts and price targets, is loaded. Even if you are not a goldbug, you should check out the Golden Stool. It's in your Anals daily. Take a subscribatory and download the Golden Stool RIGHT NOW! 30 Day Intro Subscribatory. Just $16.99! Get In RIGHT NOW! Link to comment Share on other sites More sharing options...
thesun Posted March 25, 2004 Report Share Posted March 25, 2004 sleddog Posted: Mar 24 2004, 08:26 PM Posts: 2253 http://safemoneyreport.com/home/daily.asp Sleddog posted the above last night. From article: As this chart shows, producers' crude materials costs are rising at an annual rate of 22% while the prices they can charge for their goods are rising at just 2%. The bushman and Snow both said 200,000 new jobs for Jan. and Feb. If you are running a company and your material costs go up 20% can you HIRE? Can you really increast cost by hiring labor? This is what happen to the bushman in Jan and Feb: Ring Ring " Hello, this is the bushman" Corp USA " Sorry bushman, I will not be able to hire at this time. Can you get some one else to help out. I need to layoff in order to cut costs" " But, you said you will. Hello!!!, are you there, Dame they hang up on me. " Link to comment Share on other sites More sharing options...
Guest Posted March 25, 2004 Report Share Posted March 25, 2004 Just heard this on CNBS: According to Price Wattahose Coopers, demand for hotel rooms this summer is set to outstrip supply by a factor of 2:1. Bwwwwaaahhhhhhhaaaaaaaaahhhhhhhhaaaaaaahhhhhhhaaaaaaaa!!!!! So, let me get this straight...all of those weary road-trippers this summer (the number of which is apparently precidted to be twice that of the available hotel beds in the United States) are predicted to be unfazed by the RECORD HIGH COST OF GASOLINE and as a result, will be sleeping in their cars as they travel about the country...since all the hotels will be occupied. Watch for a pop in the hotel stocks today...and then short the piss out of them! (Many of these are in bounce territory...but look at HOT - a manufactured squeeze is underway at the top...it will push above 40 today and should run out of gas if the market heads south today...watch for a top to short around 41) Bwwwwaaahhhhhhhaaaaaaaaahhhhhhhhaaaaaaahhhhhhhaaaaaaaa!!!!! You guys are killin' me, man! Link to comment Share on other sites More sharing options...
Tchaikofsky Posted March 25, 2004 Report Share Posted March 25, 2004 Stocks Poised to Jump By Nat Worden TheStreet.com Staff Reporter 3/25/2004 7:46 AM EST Stocks were poised to jump at the opening bell as traders used strong sessions in Europe as encouragement to bid the markets out of their recent slump. Index futures recently showed the S&P 500 trading 7 points above fair value while the Nasdaq 100 was set for an 8-point gain. The 10-year Treasury note was trading down 1/32 to yield 3.71%. The dollar was higher against the euro and lower against the yen, while gold and crude futures both fell. The strength came despite a disappointing report Wednesday from chipmaker Micron (MU:NYSE - commentary - research), which said after the bell that second quarter sales were $991 million, up 26% from last year but about $9 million short of estimates. The stock was recently down 40 cents, or 2.5%, to $15.42 on the Instinet premarket session. ======================================= I'm certainly convinced that a "strong session in Europe" is reason enough to go long, and I'm also planning to use all the margin available to me so that I really get a lot of bang for my buck! Link to comment Share on other sites More sharing options...
Bearman Posted March 25, 2004 Report Share Posted March 25, 2004 yep now crapvison bullhorning ira investing in real-estate 24/7 info how to buy buy buy Link to comment Share on other sites More sharing options...
machinehead Posted March 25, 2004 Report Share Posted March 25, 2004 The FBI issued an advisory Wednesday in response to intelligence it received that oil refineries in Texas may be targeted for terrorist attacks. Link Direct attacks on economic infrastructure (instead of urban crowds) would be a distinct and dangerous change in strategy. Major blowback is coming. Link to comment Share on other sites More sharing options...
Guest Posted March 25, 2004 Report Share Posted March 25, 2004 8:30 U.S. Q4 GDP up unrevised 4.1% 8:30 U.S. 4-week jobless claims moving avg. dn 3K to 341,500 8:30 U.S. Q4 final sales up 3.4% vs 3.2% previous estimate Link to comment Share on other sites More sharing options...
Guest Posted March 25, 2004 Report Share Posted March 25, 2004 Good News!!! No new Jobs!!! Link to comment Share on other sites More sharing options...
Guest Posted March 25, 2004 Report Share Posted March 25, 2004 Weekly jobless claims rise to 339,000 By William L. Watts WASHINGTON (CBS.MW) -- The number of Americans filing initial unemployment claims rose by 1,000 in the week ended March 20 to 339,000, the Labor Department reported. The four-week moving average that economists say is a better measure of the labor market's strength fell 3,000, to 341,500 from the previous week's upwardly revised figure of 344,500. The weekly and four-week numbers were both slightly higher than expected. A survey of anal cysts by CBS MarketWatch had produced a consensus forecast for a 4-week figure of 340,750, while the figure for the week ended March 20 was forecast at 338,000. The 4-week average is the lowest since the week of Jan. 27, 2001. Continuing claims for the week ended March 13 fell 46,000 to 3.004 million. The 4-week average declined 21,500 to 3.035 million. Link to comment Share on other sites More sharing options...
Guest Posted March 25, 2004 Report Share Posted March 25, 2004 The FBI issued an advisory Wednesday in response to intelligence it received that oil refineries in Texas may be targeted for terrorist attacks. Link Direct attacks on economic infrastructure (instead of urban crowds) would be a distinct and dangerous change in strategy. Major blowback is coming. FBI spokesman Bob Doguim said the agency's Houston office has been meeting with officials of local law enforcement agencies and oil refineries. "It's prudent and responsible to analyze and share what we have," Doguim said. "When you look across the country, this is obviously something we just can't dismiss." "DESPITE THE FACT THAT WE'VE BEEN ASKED TO KEEP IT QUIET" Link to comment Share on other sites More sharing options...
Guest Posted March 25, 2004 Report Share Posted March 25, 2004 Looks like they are trying to do a short squeeze on MU this morning. 07:10 EDT MU Micron Tech-MU RAISING est on favorable product mix & margin improvement-Neut@FBCO 07:00 EDT MU Micron-MU RAISING est & tgt to $21, demand strong & rising & outlook good-Buy@UBSW 06:56 EDT MU Micron Tech-MU RAISED ests on improved pricing/costs vs model@DBAB Link to comment Share on other sites More sharing options...
Guest Posted March 25, 2004 Report Share Posted March 25, 2004 YUM Brands (YUM) spent the last couple months claiming that the Bird Flu issue in asia was having no impact on their sales, but here come the numbers. YUM was ramped big time by Da Boys, and they have been jumping ship for the last couple weeks...great shorting opportunity. Link to comment Share on other sites More sharing options...
Guest Posted March 25, 2004 Report Share Posted March 25, 2004 Looks like they are trying to do a short squeeze on MU this morning. 07:10 EDT MU Micron Tech-MU RAISING est on favorable product mix & margin improvement-Neut@FBCO 07:00 EDT MU Micron-MU RAISING est & tgt to $21, demand strong & rising & outlook good-Buy@UBSW 06:56 EDT MU Micron Tech-MU RAISED ests on improved pricing/costs vs model@DBAB Actually, every operator long the SOX is piling whatever money is required into MU in the premarket (which doesn't take much) in order to get the semis to bounce off of support today. Check out MXIM, AMAT, LRCX, and look at the squeeze potential on INTC. The war for the SOX today is critical...keep it on your radar screen, or use it as a hedge. Link to comment Share on other sites More sharing options...
BearHugs Posted March 25, 2004 Report Share Posted March 25, 2004 The FBI issued an advisory Wednesday in response to intelligence it received that oil refineries in Texas may be targeted for terrorist attacks. Would it be unpatriotic of me to ask them to come blow up the refinery in Huntington Beach? It's an eyesore. Link to comment Share on other sites More sharing options...
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