brian4 Posted October 5, 2004 Report Share Posted October 5, 2004 Buckle up, Helmets on-opening now till the top of the hour! Link to comment Share on other sites More sharing options...
Madame Wrecked Him Posted October 5, 2004 Report Share Posted October 5, 2004 How long now since a 2% down day in the Dow? Well, since you asked, I looked it up. By my calculations, you'd have to go back to May 19, 2003, when it fell 2.1%. That was 505 days ago. Link to comment Share on other sites More sharing options...
Hiding Bear Posted October 5, 2004 Author Report Share Posted October 5, 2004 ECA to the Moon and beyond on a rocket ride... from Marty Weiss..."FNM's cash reserves are maybe 2%...5.4% of home Mortgages are equal to or exceed the value of the property."....Oh Fanny say it ain't so! I recommend keeping ECA or your favorite quality NG company and not taking profits unless you are in a leveraged situation or very short term trader. NG is no where near the highs it will reach this winter. I know I said the same thing last fall, but I think the same pattern will repeat again. Stage II rockets are being launched in silver and NG. Repo pool reduced by $1.5B, $1.6 in agency repos also reduced. The Fed has almost no concern about FNM right now. In regards to the Fed over the longer trem, note the attached chart of the monetary base. I mentioned in early June that the Fed would accelerate the money base at the same time rates would rise. It seems like that's what happened. I think now that the Fed will settle in at a higher channel around a 6% growth until about 2 to 6 weeks from now when they realize the economy not only has not regained traction, but it slipped into reverse. http://research.stlouisfed.org/publications/usfd/page3.pdf Link to comment Share on other sites More sharing options...
Lock Limit Down Posted October 5, 2004 Report Share Posted October 5, 2004 How long now since a 2% down day in the Dow? Well, since you asked, I looked it up. By my calculations, you'd have to go back to May 19, 2003, when it fell 2.1%. That was 505 days ago. Why Tank you Madam! top of the day to you! Silver POWERING ahead +.24 Abbey on deck Link to comment Share on other sites More sharing options...
Hiding Bear Posted October 5, 2004 Author Report Share Posted October 5, 2004 Sleddog - CBS Market Hype added up the job losses: Layoff plans leap 45% in September By Rex Nutting, CBS.MarketWatch.com Last Update: 10:00 AM ET Oct. 5, 2004 E-mail it | Print | Discuss | Alert | Reprint | RSS WASHINGTON (CBS.MW) -- Layoff announcements by U.S. companies surged 45 percent in September to nearly 108,000, the highest number of planned job cuts since January, outplacement firm Challenger Grey & Christmas said Tuesday. Job reduction announcements are up 41 percent from September 2003, while year-to-date job cuts are down 17 percent from 2003's pace, Challenger said. The total of 107,863 announced layoffs for the month was not seasonally adjusted, the firm said. "The return to six-figure job-cut levels paints a grim picture for ongoing economic growth, as such activity is generally considered a measure of how companies view future business conditions," John Challenger, chairman of the firm, said in a written statement. "Historically, the period from Sept. 1 through Dec. 31 is when we see the heaviest downsizing, and this year appears to be on track to repeat that trend," Challenger said. The largest cuts in September were in industries focused on computers, transportation, telecommunications and consumer products. http://cbs.marketwatch.com/news/story.asp?...%7D&siteid=mktw Link to comment Share on other sites More sharing options...
machinehead Posted October 5, 2004 Report Share Posted October 5, 2004 Silver POWERING ahead+.24 Abbey on deck Last tick $6.995 ... TESTING SEVEN, TESTING ... Link to comment Share on other sites More sharing options...
Lock Limit Down Posted October 5, 2004 Report Share Posted October 5, 2004 Again someone has been sitting on the tick machine all day Silver is now moonshotting 7+ Fine day indeed Link to comment Share on other sites More sharing options...
purdymouth Posted October 5, 2004 Report Share Posted October 5, 2004 gold gone vertical Link to comment Share on other sites More sharing options...
traderfromhell Posted October 5, 2004 Report Share Posted October 5, 2004 Luvin' this. Link to comment Share on other sites More sharing options...
flockofsheeples Posted October 5, 2004 Report Share Posted October 5, 2004 silver +.316 hey al....watcha gonna do when they come for you? Link to comment Share on other sites More sharing options...
Pee Brain Posted October 5, 2004 Report Share Posted October 5, 2004 ECA to the Moon and beyond on a rocket ride... from Marty Weiss..."FNM's cash reserves are maybe 2%...5.4% of home Mortgages are equal to or exceed the value of the property."....Oh Fanny say it ain't so! i thkink he has been reading machinehead Link to comment Share on other sites More sharing options...
PeakOil Posted October 5, 2004 Report Share Posted October 5, 2004 SIIIIILLLLBBAAAHHHHH!! $7.02 do I hear $10???? Link to comment Share on other sites More sharing options...
Pee Brain Posted October 5, 2004 Report Share Posted October 5, 2004 OT/ what direct access brokers are you guys using? interactive brokers, MB trading, Cybertrader - are you happy with the service? Link to comment Share on other sites More sharing options...
Lock Limit Down Posted October 5, 2004 Report Share Posted October 5, 2004 Looking like the RUT is about DONE Link to comment Share on other sites More sharing options...
mirac Posted October 5, 2004 Report Share Posted October 5, 2004 Sleddog - CBS Market Hype added up the job losses: Layoff plans leap 45% in September? WASHINGTON (CBS.MW) -- Layoff announcements by U.S. companies surged 45 percent in September to nearly 108,000, the highest number of planned job cuts since January, outplacement firm Challenger Grey & Christmas said Tuesday. ??????????????????????????????????????????????????????????? "Historically, the period from Sept. 1 through Dec. 31 is when we see the heaviest downsizing, and this year appears to be on track to repeat that trend," Challenger said. ????????????????????????????????????????????????????????????? That line doesn't make sense to me. Business gears up after vacations-get's back to business. Inventories are built for Christmas. Crops are harvested and shipped/stored. Think the data shows how weak the economy is after rebate checks are spent and vactions have been spent. Bad looking economic numbers to my bearishly biased mind. We SHOULD be heading down. Market being held up for employment report or GE earnings? Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.