Guest Posted January 23, 2004 Report Share Posted January 23, 2004 5:04pm 01/23/04 Johnson & Johnson gets Risperdal subpoena (JNJ) By Ted Griffith BOSTON (CBS.MW) -- Johnson & Johnson (JNJ) said late Friday it had received a federal subpoena for information on Risperdal, a blockbuster drug used to treat schizophrenia and manic depression. The health-care-products giant said it's responding to the subpoena from the U.S. Office of Personnel Management. The company's terse statement didn't say what information was being sought. Shares of J&J, a component of the Dow Jones Industrial Average, closed off 5 cents to $53. Link to comment Share on other sites More sharing options...
An Ant Posted January 23, 2004 Report Share Posted January 23, 2004 Dean says new Fed chief needed?I think Alan Greenspan has become too political,? Democratic hopeful says Former Vermont Gov. Howard Dean Friday said Alan Greenspan should be replaced as chairman of the Federal Reserve. http://www.msnbc.msn.com/id/4037773/ Link to comment Share on other sites More sharing options...
Stutz Posted January 23, 2004 Report Share Posted January 23, 2004 Head of the search for WMD in Iraq resigns. Do it Friday night. No one will notice. Move along. By the way, this guys performance on Frontline this week may have something to do with this story. Kay Resigns, contradicts Bush On Weapons Link to comment Share on other sites More sharing options...
FeedFool Posted January 23, 2004 Report Share Posted January 23, 2004 A convoluted explanation was being offered for the T-bone smash. The theory goes that if foreign central banks (especially the ECB) join Al Magoo's "race to the bottom" to devalue their currencies, then the dollar can be taken off artificial life support from Asian central banks. And since Fukui-san's dollar support all gets parked in Treasurys, then a massive prop will be removed from under the Treasury market. In essence, the formula becomes: stronger dollar = weaker T-bones. And that's bizarre. Think about it. Why have dollar-based investors been slurping up Canadian, Australian and NZ Treasurys? Because they expect a currency kicker along with the coupon yield. A strong currency is supposed to be good for T-bone investors. It helps ward off price inflation, too. It just goes to show that prices in the U.S. Treasury market are artificial -- and as usual in a manipulated market, higher than they ought to be. It's becoming all too clear that the poisoned legacy of the mediocre statist Alan John Greenlaw II is not merely a dissipated currency but a wrecked Treasury market. Indict the bastard. Equity trades were based on Argentina type currency devaluation scenario. If the dollars get strong bounce then all those trades will need to be unwound. This may also affect the commodity train. Dislocation comes when traders are sitting on the wrong side. we won?t see any reaction yet because they are hoping Sir John Law II will bail them out. In 1987 it took few months for the dislocation to happen. Just have to see how it all plays out. Dollar devaluation boat is fully laden all it will take is someone with itchy fingers. Link to comment Share on other sites More sharing options...
Guest bullseatshitndie Posted January 23, 2004 Report Share Posted January 23, 2004 dow 10,500 holds the key. a close below there could start something down to 10,100 to 10k Link to comment Share on other sites More sharing options...
FeedFool Posted January 23, 2004 Report Share Posted January 23, 2004 They better start slashing rates... How would u dice 1%? In 100 equal cuts? Link to comment Share on other sites More sharing options...
Butterfield 8 Posted January 23, 2004 Report Share Posted January 23, 2004 FX - Do you still think the ECB will not cut rates? Zulauf thinks they will - within 3 months. ps - I opened a thread on the tax code in Political Stool, if anyone is interested. Link to comment Share on other sites More sharing options...
pleiotropik Posted January 23, 2004 Report Share Posted January 23, 2004 Everybody has read the latest from Alan Newman...? http://www.cross-currents.net/commentary.htm Link to comment Share on other sites More sharing options...
DrStool Posted January 23, 2004 Author Report Share Posted January 23, 2004 Link To Butterfield's Tax Code thread. Tanks to Butterfield for referring political discussion to the correct forum! Link to comment Share on other sites More sharing options...
Guest Posted January 23, 2004 Report Share Posted January 23, 2004 A convoluted explanation was being offered for the T-bone smash. The theory goes that if foreign central banks (especially the ECB) join Al Magoo's "race to the bottom" to devalue their currencies, then the dollar can be taken off artificial life support from Asian central banks. And since Fukui-san's dollar support all gets parked in Treasurys, then a massive prop will be removed from under the Treasury market. In essence, the formula becomes: stronger dollar = weaker T-bones. And that's bizarre. Think about it. Why have dollar-based investors been slurping up Canadian, Australian and NZ Treasurys? Because they expect a currency kicker along with the coupon yield. A strong currency is supposed to be good for T-bone investors. It helps ward off price inflation, too. It just goes to show that prices in the U.S. Treasury market are artificial -- and as usual in a manipulated market, higher than they ought to be. It's becoming all too clear that the poisoned legacy of the mediocre statist Alan John Greenlaw II is not merely a dissipated currency but a wrecked Treasury market. Indict the bastard. MH: I said yesterday that the Ten Year would Whipsaw...appearing to leave the channel but rebounding violently - leaving all participants in Housing and Mortgage Lenders with their pants around their ankles. This was one of those rare days when I just literally watched the intraday Ten-Year Yield chart for the turn to determine what to game. When I saw it break support, I didn't believe it so I waited it out, and once it got everybody on board...Whammo! I had already been in HOV from the day prior and managed a great scalp with an exit near the top of the move today. DO NOT IGNORE THE TEN-YEAR where your trading is concerned...particularly when it is due for a turn. If you want to know when the next UNEXPECTEDLY BAD jobs report will be released...it's easy...when the Ten Year hits the top of the channel at about $44.35: http://139.142.147.218/StockChart_ImageOnl...=INX&ref_rate=0 I had already loaded up on Nat Gas Service sector stocks yesterday (LSS, GW etc), as I knew that yesterday's oil reserves report was bullshit, and there there would be a bounce today. And since I knew there would be an oil price bounce today, I also got out of my one day airline scalp (JBLU) yesterday, since I also knew that yesterday's lie about oil was designed to give a one day pop to AMR and the rest of the airline sector. As soon as I saw the Ten-Year reverse, I pulled up the RIMM chart and noticed that it had been squeezed and was reversing: http://139.142.147.22/GifChartEngine.dll?i...refreshrate=180 Jumped on board for a nice short scalp and went searching for others... Caught the top of the squeeze on CA for a nice scalp. Bailed out of most shorts in the last half hour and went for the DCLK long going into the close...which is set up for a monster squeeze at the open on Monday. I tried to game an AMR short today, but your Government is in charge of that stock price, since they are apparently one of the largest shareholders. AMAT ("THE ECONOMY") got pasted today. Expecting a bounce on monday and then getting short. By the way...as for Gold: JP Morgan announced today that they have a $480 price target on GOLD!!! Take cover...here comes the dollar ramp job and the gold attack! Plunger Link to comment Share on other sites More sharing options...
tpark Posted January 23, 2004 Report Share Posted January 23, 2004 Machinehead - that hypothesis about bucks and bonds might be right. I wonder how long this can go without things becoming unglued. I would have thought unmanagable difficulties with continued intervention would have occured by now, but I was wrong, they could keep the plates spinning. Link to comment Share on other sites More sharing options...
Direwolf Posted January 23, 2004 Report Share Posted January 23, 2004 Bin Laden has been captured alive inside the borders of Iran! http://pub15.ezboard.com/fthefinalphasefrm...icID=4433.topic from Sean Osborne Lomax, who if you don't know is a most reputable source: Mr. Osborne has spent 25 years serving his country and currently serves in the U.S. Army's Program Executive Office - Command, Control, Communications Tactical (PEOC3T) within the Special Project Office (SPO). He spent six years on active duty in the US Navy as a Cryptologic Technician Technical and worked as an intercept (TEBO) operator under NSACSS tasking. He was selected for ELINT (electronic intelligence) school and was subsequently assigned to the Naval Security Group Activity (NSGA) in Naples, Italy where he functioned at the OWS (Operations Watch Supervisor) providing real-time intelligence to COMSUBMED, COMAIRMED and CINCUSNAVEUR. Upon Mr. Osborne's re-enlistment, he was assigned to Classic Wizard school which was and continues to be an "above Top Secret" surveillance system. Mr. Osborne has also been a civilian contractor for the past 18 years, working for Honeywell and its 1990 defense spinoff Alliant Techsystems as a deployable field rep to the US Army Special Operations Command (USASOC) at Ft. Bragg, North Carolina. He was deployed with the 10th Special Forces Group (Airborne) to their forward operations post (SFOB-10) in Panzer Kaserne, Boeblingen, Germany, subsequently supporting all of the US Army's Special Forces Groups, including the John F. Kennedy Special Warfare Center and School, and the 112th Signal battalion (Special Operations) also at Ft. Bragg, N.C. Following the attacks of September 11, 2001 Mr. Osborne took a position with PKMM, Inc. as a field deployable communications, intelligence and logistics specialist. He spent 4 months in the Mojave desert in 2002 at NTC, Ft. Irwin, California training with the 325th Airbone Brigade of the 82nd Airborne Division and the Army's first Stryker Bigade combat team out of Ft. Lewis, WA. Following Continental Replacement Center (CRC) classes at Ft. Benning, GA this year, he was deployed to the Coalition Forces Land Command Component (CFLCC), Camp Doha, Kuwait supporting operations Enduring Freedom and Iraqi Freedom in the US Army CENTCOM AO. Link to comment Share on other sites More sharing options...
Direwolf Posted January 23, 2004 Report Share Posted January 23, 2004 next question is just when will GW and co. parade his mug all over the media...? Link to comment Share on other sites More sharing options...
wndysrf Posted January 23, 2004 Report Share Posted January 23, 2004 MH: I said yesterday that the Ten Year would Whipsaw...appearing to leave the channel but rebounding violently - leaving all participants in Housing and Mortgage Lenders with their pants around their ankles. This was one of those rare days when I just literally watched the intraday Ten-Year Yield chart for the turn to determine what to game. When I saw it break support, I didn't believe it so I waited it out, and once it got everybody on board...Whammo! I had already been in HOV from the day prior and managed a great scalp with an exit near the top of the move today. DO NOT IGNORE THE TEN-YEAR where your trading is concerned...particularly when it is due for a turn. If you want to know when the next UNEXPECTEDLY BAD jobs report will be released...it's easy...when the Ten Year hits the top of the channel at about $44.35: http://139.142.147.218/StockChart_ImageOnl...=INX&ref_rate=0 I had already loaded up on Nat Gas Service sector stocks yesterday (LSS, GW etc), as I knew that yesterday's oil reserves report was bullshit, and there there would be a bounce today. And since I knew there would be an oil price bounce today, I also got out of my one day airline scalp (JBLU) yesterday, since I also knew that yesterday's lie about oil was designed to give a one day pop to AMR and the rest of the airline sector. As soon as I saw the Ten-Year reverse, I pulled up the RIMM chart and noticed that it had been squeezed and was reversing: http://139.142.147.22/GifChartEngine.dll?i...refreshrate=180 Jumped on board for a nice short scalp and went searching for others... Caught the top of the squeeze on CA for a nice scalp. Bailed out of most shorts in the last half hour and went for the DCLK long going into the close...which is set up for a monster squeeze at the open on Monday. I tried to game an AMR short today, but your Government is in charge of that stock price, since they are apparently one of the largest shareholders. AMAT ("THE ECONOMY") got pasted today. Expecting a bounce on monday and then getting short. By the way...as for Gold: JP Morgan announced today that they have a $480 price target on GOLD!!! Tale cover...here comes the dollar ramp job and the gold attack! Plunger Downside volume on the NYSE was too light today. Yes, the Trash Can Lids got smoked on high volume. But Criminal Forensics call for the following: Monday: More selloff in the markets Tuesday: Morning selloff, then J-Lo Saucer Bottom, morphing into End of Session Pre-FOMC Meltup Wednesday: Post-FOMC "Wire to Wire Meltup" John Law II Resubstatiation Rally Thursday: Shorts panic in the morning, we hit 1162, then collapse. Friday: Next bear market begins. Link to comment Share on other sites More sharing options...
DrStool Posted January 23, 2004 Author Report Share Posted January 23, 2004 Hey plonjay! Did ya see the new stoolie stock charts? Just like your faves! Stoolies, I am working on getting the Save Settings feature fixed. Link to comment Share on other sites More sharing options...
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