Guest Posted February 6, 2004 Report Share Posted February 6, 2004 Picked up some cheap QQQ 37 puts @.65 Almost half of what I sold them for yesterday Link to comment Share on other sites More sharing options...
Lock Limit Down Posted February 6, 2004 Report Share Posted February 6, 2004 This is the kind of action on the tick that gives this market such a putrid aroma Link to comment Share on other sites More sharing options...
soup Posted February 6, 2004 Report Share Posted February 6, 2004 My plan was to replace some of my shorts on a strong jobs number, but I am having trouble pulling the trigger. Perahps that is a sign? Link to comment Share on other sites More sharing options...
brian4 Posted February 6, 2004 Report Share Posted February 6, 2004 someone said JR left-why?? would he do that he is a good guy?? Link to comment Share on other sites More sharing options...
Lock Limit Down Posted February 6, 2004 Report Share Posted February 6, 2004 The best of both worlds for the fully employed economy. Bond yields DOWN Equities SCREAMING HIGHER Never underestimate the power of the central planners Link to comment Share on other sites More sharing options...
BigWave Posted February 6, 2004 Report Share Posted February 6, 2004 He emailed me and said he was accused of being anti-semitic during the political/religion brawl here..and he's half Jewish to boot..don't think he'll return. Link to comment Share on other sites More sharing options...
Lock Limit Down Posted February 6, 2004 Report Share Posted February 6, 2004 He emailed me and said he was accused if being anti-semitic during the political/religion brawl here..and he's half Jewish to boot..don't think he'll return. Not JR too :cry: What is happening? Our best and brightest are dropping like flies. Sad times indeed. Link to comment Share on other sites More sharing options...
soup Posted February 6, 2004 Report Share Posted February 6, 2004 Yes, I was very sorry to see Jr leave. One of the goals of the matrix is to halt all dissent. LLD: Ever wonder why it is so hard to find "The Crature from Jecklly Island"? Link to comment Share on other sites More sharing options...
brian4 Posted February 6, 2004 Report Share Posted February 6, 2004 OK starting now the next 45 minute window is open-if it does not invert it will be down Sled-Thank you! Link to comment Share on other sites More sharing options...
Bearman Posted February 6, 2004 Report Share Posted February 6, 2004 Go B4! Link to comment Share on other sites More sharing options...
Lock Limit Down Posted February 6, 2004 Report Share Posted February 6, 2004 Yes, I was very sorry to see Jr leave. One of the goals of the matrix is to halt all dissent. LLD: Ever wonder why it is so hard to find "The Crature from Jecklly Island"? The fed probably buying every issue they can get their hands on. Cant let that kind of information become common knowledge! Again if you liked Jeckly Island get a copy of "When Genius Failed" One of the best reads in my lifetime. Link to comment Share on other sites More sharing options...
brian4 Posted February 6, 2004 Report Share Posted February 6, 2004 so far so good! Link to comment Share on other sites More sharing options...
soup Posted February 6, 2004 Report Share Posted February 6, 2004 LLC: I own and have read "when Genius Failed" ; about 1/2 way thru "Jecklly" Link to comment Share on other sites More sharing options...
Hiding Bear Posted February 6, 2004 Report Share Posted February 6, 2004 A big net drain from the Fed, with just 1.5B in weekend repos just added against 8.75B expiring, -7.25B. B4 The Bell, Turdsday February 5 (Pages 1 2 3 ...5 ) Hiding Bear Posted on: Feb 5 2004, 10:24 PM Replies: 188 Views: 3786 Pre-G7 jitters and positioning. The Japanese know that attempts to bring down the yen (over 106) are futile. The Japanese monetary system is operating under great stress handling the vast amount of intervention $s purchase the last 5 months. The BOJ is now selling off large quantities of its Japanese yen bill holdings to buy US treasuries. They would like other countries to pick up the intervention slack, but no one will probably step up to the plate right now. The Fed?s daily repo action lately is still somewhat puzzling lately (i.e. adding repos to the monetary base and then withdrawing them a few days later). Maybe they could be just positioning to add some repos back in time for the upcoming, near record, Treasury auctions. There are some signs here the economy may have a small upward bounce in January, but there are no indications from the money supply that any type of strong and widespread economic recovery is in progress The above is what I said last night, and it is even truer today. The recent actions of both the Fed and BOJ are now beyond puzzling, and becoming schizophrenic. The stock market is not being supported by the Fed (or at least only at a minimal level based on the ?other assets? account at the Fed), but by Joe6pack putting money into his/her 401k and mutual funds. In fact, the Fed/BOJ are now creating conditions that may lead to a significant sell off once J6Pk has exhausted him/herself. Exhaustion because the amount of the money going into the market exceeds net savings, or in other words money is being borrowed for stock purchases. When the market begins its decline, such a strategy will quickly end. Link to comment Share on other sites More sharing options...
MyGoldenStool Posted February 6, 2004 Report Share Posted February 6, 2004 An old farmer in Georgia had owned a large farm for several years. He had a large pond in the back, fixed up nice; picnic tables, horseshoe courts, basket ball court, etc. The pond was properly shaped and fixed up for swimming when it was built. One evening the old farmer decided to go down to the pond, as he hadn't been there for a while, and look it over. As he neared the pond, he heard voices shouting and laughing with glee. As he came closer he saw it was a bunch of young women skinny dipping in his pond. He made the women aware of his presence and they all went to the deep end. One of the girls shouted to him, "We're not coming out until you leave!" The old man replied, "I didn't come down here to watch you ladies swim or make you get out of the pond naked." "I'm here to feed the alligator." Link to comment Share on other sites More sharing options...
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