brian4 Posted February 17, 2004 Report Share Posted February 17, 2004 new high in the spoo's and comp but NOT in the cubes or dow! Link to comment Share on other sites More sharing options...
brian4 Posted February 17, 2004 Report Share Posted February 17, 2004 that was ok in that it kept the lid on-it is on its own for awhile and looks to be struggling to hold here-best would be some weakness in to the next window. Link to comment Share on other sites More sharing options...
HiHat Posted February 17, 2004 Report Share Posted February 17, 2004 If 1 min moving averages break down in a certain way I short...IF not I'm waiting for 1158-59 area to get in.....short Link to comment Share on other sites More sharing options...
Hiding Bear Posted February 17, 2004 Author Report Share Posted February 17, 2004 The Fed added $7 billion repos today, continuing a pattern starting late last year of adding rapidly to the pool of repos at times of need - year-end, SOTUS, settlement date for the bond auction (today) - and then pulling back fast when the need is finished. Still the underlying tone is slightly more aggressive this year than last. Link to comment Share on other sites More sharing options...
HiHat Posted February 17, 2004 Report Share Posted February 17, 2004 If NZ100 takes out 1516 this week, we could have problem in shortland. A mini-blowoff up to 1170's may set up a long swing short....Maybe.. depends if it stops going up then ha ha . Link to comment Share on other sites More sharing options...
HiHat Posted February 17, 2004 Report Share Posted February 17, 2004 Everytime lately that they run em up a pole like this early then trade em in tight range...It breaks to upside... Hope today breaks pattern and it's DOWN......... Link to comment Share on other sites More sharing options...
HiHat Posted February 17, 2004 Report Share Posted February 17, 2004 Actually if this consolidation off of pole does not break down this could turn into start of "3 pushes up" and 1170's real soon. Link to comment Share on other sites More sharing options...
brian4 Posted February 17, 2004 Report Share Posted February 17, 2004 Double top in Spoo cash-way off in the distance pebbles are starting to run down the mountain-can you hear them?? Link to comment Share on other sites More sharing options...
HiHat Posted February 17, 2004 Report Share Posted February 17, 2004 Talk all over of how much money FED is "adding" today. Must be wingohockingmoyamensingin nuts to be even playing in Theatre of the Absurd ...Monopoly GAME. Link to comment Share on other sites More sharing options...
brian4 Posted February 17, 2004 Report Share Posted February 17, 2004 here we go- game on for the next 30 minutes! Link to comment Share on other sites More sharing options...
DrStool Posted February 17, 2004 Report Share Posted February 17, 2004 Best time to ask a question is after the close. Link to comment Share on other sites More sharing options...
soup Posted February 17, 2004 Report Share Posted February 17, 2004 the fed is no different than any other minisrty of propaganda, they freaking lie thru their teeth. They are the sole support for this bubble. Link to comment Share on other sites More sharing options...
soup Posted February 17, 2004 Report Share Posted February 17, 2004 the fed is a fricking joke, they ahve never , ever, been easier. How the F can tey keep rates suppressed at 1% if they were not puttin the pedal to the medal. This whole frickking bubble(s) ( stocks, housing, junk credit) is a massive coverup for bubble number 1. Link to comment Share on other sites More sharing options...
Guest Posted February 17, 2004 Report Share Posted February 17, 2004 Posted on Tue, Feb. 17, 2004 Ala. employer to close; jobs headed overseas Associated Press ANNISTON, Ala. - A ladder manufacturer will shut down its plant here by the beginning of 2005, putting about 550 people out of work. Werner Co. said it would release details of the closure Tuesday, after managers had notified all workers. http://www.miami.com/mld/miamiherald/news/...ews/7973040.htm Link to comment Share on other sites More sharing options...
Hiding Bear Posted February 17, 2004 Author Report Share Posted February 17, 2004 Comments by Sec. Snow Asks for "understanding" about huge budget deficits and repeats that Congressional mandated phased-in tax increases - starting in 2005 - amount to..well..a tax increase. ? 2004, Tax anal cysts, Tax Notes Today, FEBRUARY 17, 2004 FEBRUARY 17, 2004 TUESDAY Treasury Secretary John Snow's appearance February 13 before the Senate Budget Committee gave lawmakers an opportunity to rehearse their talking points before the debate over the budget resolution reaches a fever pitch in the coming months. If Senate budget writers' reactions to Snow's testimony are an indication of things to come, Republicans will praise President Bush's tax cuts as a vital economic stimulus while Democrats criticize the looming deficits as unsustainable. Republicans will push spending restraint to move the budget toward balance while Democrats accuse Bush and his congressional allies of hiding the true cost of the tax cuts. Snow repeated many of the lines he and other Bush administration officials have used liberally since the White House budget was released February 2. The budget deficits projected by the Office of Management and Budget and the Congressional Budget Office are "large," "unwelcome," and "unacceptable," but "understandable" given the recession and war on terror, Snow said. Snow extolled the tax cuts for brightening the economic outlook. "Without the tax bill last year, the economy never would have been where it is today," he said. Asked by Sen. Jim Bunning, R-Ky., to identify his priorities for permanent extension, Snow declined to pick a favorite from among the raft of tax breaks included in the Jobs and Growth Tax Relief Reconciliation Act (P.L. 108-27) of 2003, which most notably included dividend and capital gains tax rate cuts. "There's an awful lot of good tax policy embraced in what you did last year, and if that's not extended, it amounts to a tax increase," Snow said. Can't provide link to entire story - subscription service. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.