Tig 'Ol Bitties Posted February 19, 2003 Report Share Posted February 19, 2003 Recent talk about gold and oil moving in lockstep is bullshit, dont buy it. Hearing these types of things make me think the gold shakeout may not be over. 125 on the Hewey is a 50% retrace and that should be playable without question, BUTT the gold move is far from over. I have higher authorities which tell me that buying at any price will be rewarded. Charts for comparison... A ratio chart for the helluvit.... Link to comment Share on other sites More sharing options...
The End Posted February 19, 2003 Report Share Posted February 19, 2003 Whadda, Keep up with your contributions. Just put the money in a m/m account. Take the tax evasion benefit man. Link to comment Share on other sites More sharing options...
Tig 'Ol Bitties Posted February 19, 2003 Report Share Posted February 19, 2003 TE, Gonna do my best to make the ride up the turnpike. Dont see why not and it will give me the opportunity to catch up with a lady friend of mine. Probably make a weekend out of it. As long as Scores is being served....I will be ordering the all-you-can-eat buffet. Link to comment Share on other sites More sharing options...
PileDriver Posted February 19, 2003 Report Share Posted February 19, 2003 After a lengthy conversation with the Lord, he has told me 869 is tops. He also told me that Fokker is not a true vagitarian, merely vagitarian curious. He also loves buddah and his droppings. I ain't gonna argue with the lord but he is off by two points. 867? :grin: Hey tig, You commin' to nyc for the gathering? TE, should be a good time. Look forward to seeing you and all other Stoolies. Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted February 19, 2003 Report Share Posted February 19, 2003 At 1.5% at best, I can't see it even with matching funds. Green Dick will fix it so the money can't buy anything when it's time to withdraw it. I'll pay bills down, buy some silver rounds and begin to pump money back into the bottomless-pit 401k later. Link to comment Share on other sites More sharing options...
Short'em High Posted February 19, 2003 Report Share Posted February 19, 2003 "Visible" debt deflation is just beginning... ... Is the real estate market the economy? Is the Stockmarket the economy? Answser: No... The "Soon to implode" DEBT ponzi scheme is the ECONOMY... Once they run out of victims it will end in the blink of an eye... There is not going to be a recovery in the second half and no new bull market... Inflate debt or die - Debt inflation = Die 14 to 19 months at most... We are in the last gasp or terminal stage and the "real" wild cornered animal stage is fast approaching... Anything can and will happen. Hypertiger, You are so right. The DEBT is the key to the economy. It's increase each year is ~20% of GDP. Any significant reduction in debt growth will create a significant recession (maybe depression). The fact that debt can continue to grow with minimal consequence is truly amazing to this bear. The entire run-up in the market since 1995 is principly a debt-fueled lie. When serious debt-deflation starts, it will likely create a positive feedback effect and many holding debt instruments will experience serious financial losses. The the ensuing debt-deflation conflagration will be the true source of shriveling liquidity. Equities will get pummeled when MFs, pensions, insurance cos, etc are forced to liquidate positions to raise capital to cover losses. Except they will be doing it right when the liquidity picture turns the worst. An absolute disaster. Disstressed selling to a shrinking pool of buyers. The best we can hope for is a nation of debt-slaves who willing work the next 2-3 decades to unravel this mess with little real increase in their net worth. The problem is that the debt creation infrastrucuture in this country has already discounted that this will occur and believes their unloading of risk has removed the need for prudence and contingencies. They are lending frivolously out of greed, because they can and they will until they can't. That is it. This debt insanity will continue until it collaspes from some unexpected event. Built like a cheap tract home, not able to withstand the big storm. Destroyed promissory notes will be lying around like soaked, ruined furniture. This is the big reason to be long-term short. SEH Link to comment Share on other sites More sharing options...
huey9 Posted February 19, 2003 Report Share Posted February 19, 2003 Mark, What can I say. I guess I am more of a reader(being a newbie) than a writer.But after reading that first response to your post I felt I had to write. I like the daily M2M just like they are. Mark , you are an awesome writer and I look forward to your post. They are humorous,educational and inciteful, as are many of the responses written here because of your post. Keep up the great work. I don't quite understand all the TA that goes on here,but I keep reading and I know some day I will be a better trader because of this web site. The best damn web site around. Thanks to all for all your hard work. Link to comment Share on other sites More sharing options...
The End Posted February 19, 2003 Report Share Posted February 19, 2003 1.5% for a m/m. That's good. That is also not the point. Paying off debt is a good thing but, if your not bogged down with it and your job is secure, I'd take the right off if I where you. But, alas, I am not you. Good luck. Link to comment Share on other sites More sharing options...
Tig 'Ol Bitties Posted February 19, 2003 Report Share Posted February 19, 2003 I lowered my chronic-dirarhea 401k contributions to 5%. Whadda, Agree with TE...take the tax break on your federal earned income by contributing ESPECIALLY if your employer matches and hide it in the money market or a stable income fund if its a group annuity (which is the devil's playground by the way). Even my toilet-paper recycling employer matches 30% so I take great joy in making sure that costs him as much as possible. Not to mention, a guaranteed 30% return aint nohing to sneeze at. Okay, I admit it...its the fact that it costs him more money that I like best. Link to comment Share on other sites More sharing options...
The End Posted February 19, 2003 Report Share Posted February 19, 2003 For getsoutalive. The doors-5-1 FIVE TO ONE Yeah, c'mon Love my girl She lookin' good C'mon One more Five to one, baby One in five No one here gets out alive, now You get yours, baby I'll get mine Gonna make it, baby If we try The old get old And the young get stronger May take a week And it may take longer They got the guns But we got the numbers Gonna win, yeah We're takin' over Come on! Yeah! Your ballroom days are over, baby Night is drawing near Shadows of the evening crawl across the years Ya walk across the floor with a flower in your hand Trying to tell me no one understands Trade in your hours for a handful dimes Gonna' make it, baby, in our prime Come together one more time Get together one more time Get together one more time Get together, aha Get together one more time! Get together one more time! Get together one more time Get together one more time Get together, gotta, get together Ohhhhhhhh! Hey, c'mon, honey You won't have along wait for me, baby I'll be there in just a little while You see, I gotta go out in this car with these people and get wingohockingmoyamensinged up. Get together one more time Get together one more time Get together, got to Get together, got to Get together, got to Take you up in my room and... Hah-hah-hah-hah-hah Love my girl She lookin' good, lookin' real good Love ya, c'mon Good night fellow stoolies. March 6th is a commin'. I hope to see alot of you there. Tanks to Mousey for putting this together. Link to comment Share on other sites More sharing options...
rayok Posted February 19, 2003 Report Share Posted February 19, 2003 I'll pay bills down, buy some silver rounds and begin to pump money back into the bottomless-pit 401k later. This is is the driving force of a bear market. Every day somebody realizes that paying down debt is their best return on investment. Bubbles are fueled by debt inflation, bears are fueled by debt deflation. Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted February 19, 2003 Report Share Posted February 19, 2003 Short: Big Al says we will soon reach the point of no return. He understands what he is doing and the end result, kindda like sinning wide awake. He for the most part was pleading with congress to control themselves by controlling him. In other words he ask to lower the debt/back the dollar and they told him to go print more money. Link to comment Share on other sites More sharing options...
GTNWORSE Posted February 19, 2003 Report Share Posted February 19, 2003 Hey Guys, Torah, Long 4,000 shares RYVYX@ 10.50. This means that we will definitely get a gut wrenching pull-back tomorrow just so I have trouble sleeping. After that I, unlike the majority of you, expect a further advance and hope to make 8-10% on this trade. Brian, Piles, End, I respect you guys immensely but how is it you ignore the following FACTS; 1) MACD crossover today 2) Bullish STO 3) BPI's turning positive I know that this is a game of percentages and, as Piles have often said, you rarely find everything lined up to support your position. The aforementioned indicators, however, are bread and butter tech tools that I don't understand how an open minded trader could ignore. Link to comment Share on other sites More sharing options...
Guest Posted February 19, 2003 Report Share Posted February 19, 2003 After reading some of the earlier acrimonious posts, I was reminded of a quote. "We must all hang together--or assuredly, we shall all hang separately." - Ben Franklin It may serve as a usefull reminder of value of the total collective man/woman years of trading experience found on this site, and that your individual contributions benefit all in one way or another. Considering the scale of the Wall Street/Feed Hype machine that is often working against you in your daily trades, fellow Stoolies can be your best ally in the great ongoing battle in the markets. IMHO. Link to comment Share on other sites More sharing options...
brian4 Posted February 19, 2003 Report Share Posted February 19, 2003 GTN-we are in the end game rallies are short, sharp and over! You said it Daddy-gut wrenching pullback-get ready-trade safe! Link to comment Share on other sites More sharing options...
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