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PIA05401.jpg

 

Two pairs of Storms - June 4, 2004

Two pairs of dark spots, or storms, in Saturn's atmosphere squeeze past each other as they dance around the planet. In this group of four storms, the top left and lower right storms are fringed with white clouds.

 

PIA05402.jpg

 

Prometheus and Knots in the F Ring - June 7, 2004

Saturn's moon Prometheus is seen orbiting inside the planet's F-ring, which exhibits some of the knotted structure for which it is renowned. Near the center, separating the A and B rings is the famous Cassini division.

 

More . . .

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07:41 ET Mortgage Applications Fall/30-years 6.25% : Applications fell for the fifth consecutive week, as 30-year mortgage rates increased 1 basis point to an average 6.25%, according to the Mortgage Bankers Association. Rates have risen over 1 percentage point since early March when the market was shocked with 337K new jobs. The index eased -8.9%, the lowest level since the beginning of the year, while the refinancing index dropped by -13.9% to its lowest level since the week ended April 19th 2002. The purchase index shed -6.0%.

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Your Golden Stool, including short and long term updated charts and price targets, is loaded. Even if you are not a goldbug, you should check out the Golden Stool. It's in your Anals daily. Take a subscribatory and download the Golden Stool RIGHT NOW!

 

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MoGauge Collapse Continues

 

Lowest Level in Two Years

 

The index is going over the edge. This has enormous implications for....

 

everything.

 

The report with the usual charts and analysis is now posted. Don't miss it. Take a subscribatory NOW, and you'll be ready to download, when it is. Click the link below and get in RIGHT NOW!

 

Once a week Doc fills you in on the all important MoGauge , straight from the MoGauge Bankers Ass. The MoGauge reflects a major source of liquidity in the financial bubble world and is an important indicator of future market behavior, often forecasting broad market movements months in advance. Take a subscribatory and download your MoGauge RIGHT NOW!?

 

30 Day Intro Subscribatory. Just $16.99! Get In RIGHT NOW!

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NEW YORK (CBS.MW) - anal cyst Ruchi Madan at Smith Barney said she was getting "increasingly bullish" on State Street (STT: news, chart, profile), and recommends buying the stock "right now." Madan feels that the recent weakness in the stock has created an attractive entry point and that higher rates will benefit earnings. In addition, she raised her 2005 earnings forecast to $3.25 a share from $3.15 a share, and believes revenue could grow 17 to 18 percent over the next few years from prior projections of 9 percent growth. The investment management services provider's stock closed Tuesday down 30 cents at $48.90, and have fallen 6.2 percent since the end of March vs. a 1.4 percent gain in the S&P 500 Index ($SPX: news, chart, profile) over the same time.

 

Amazing- betting your whole career on one tout :shocked

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MoGauge Collapse Continues

 

Lowest Level in Two Years

 

The index is going over the edge. This has enormous implications for....

 

everything.

 

The report with the usual charts and analysis is now posted. Don't miss it. Take a subscribatory NOW, and you'll be ready to download, when it is. Click the link below and get in RIGHT NOW!

 

Once a week Doc fills you in on the all important MoGauge , straight from the MoGauge Bankers Ass. The MoGauge reflects a major source of liquidity in the financial bubble world and is an important indicator of future market behavior, often forecasting broad market movements months in advance. Take a subscribatory and download your MoGauge RIGHT NOW!?

 

30 Day Intro Subscribatory. Just $16.99! Get In RIGHT NOW!

The American consumer is about to understand that he is not rich.

 

 

Doc, I am right to think that :

 

On average, if your country's GDP goes up 4% per year, the avg person is not suppose to feel 200% richer. Your standard of living should go up by about 4%

 

And the GDP numbers are a joke to me.

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The Fed is not in a "box" - more like they are on a tightrope. They move their verbal policy slightly towards tightening - and oops markets start pricing in deflationary depression ( Dollar goes up etc.) - watch for them to quickly try to regain their balance by moving the other way - soothing words about ' being patient" or whatever. ( and the Dollar will tank).

They are feeling around for the boundaries of the box - soon they will realize they are on a tightrope 200 feet above the ground.

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Which ever way the market trades this morning, look for a Wild Reversal during the middle of the day.

 

Looks like we open down, then Boner Up at the end of the day.

 

OpEx next week.............

 

Gold getting slammed, dollar getting boned.

 

Looking to fade both of these moves later today.

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Yield curve continues to flatten-not an indicator of inflation pressures. From 10 years to 30 the curve reached a maximum 108 bps last June and is now 65bps its lowest in a year.

From 2 years to 30 the curve maxed out at 364 bps in August. It is now 270bps.

 

This is market movement and not Fed induced. If the process continues, it will begin to signal the onset of a slowdown or recession out further. The Fed would need, by my estimate, a minimum 400 bps of easing to reverse a recession. Right now, they don't have it.

 

The curve is also making it harder for lenders and the carry trade. It still works, but that trade is much less profitable than last summer.

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