Guest yobob1 Posted May 5, 2004 Report Share Posted May 5, 2004 It is obvious to me that we are in b of c in subwave 3 down of wave 2 up which will culminate in 5 down. And that's just the first 10 minutes of trading. Whew, glad we cleared that up. A massive dose of viagra was administered at..........any guesses? Yes oddly Nurse Ratchet makes her rounds at 3 AM every day. Somebody please get her an extra large bottle of Sominex. And yes despite the label it is okay to consume a quart of gin before taking a dozen or so tabs. Uncle Bucky still rolling on the floor in pain after slipping on the nanner. Earl closed just under $39 NY. Do I hear $40? If the Saudis are going to bail out Bushka, they better get their arses in gear. Me thinks the Saudis don't have the swing capability that they did a few years ago. Locally gas climbed another 2 cents yesterday to $1.959 and diesel jumped 4 cents to $2.119. Price inflation in groceries is raising it's ugly head. 1%Milk up to $2.37 from it's recent lows of $1.87. Beef stable to modestly lower - chicken stable, eggs lower ($1 for jumbos vs previous $1.3.) Produce mostly higher, though this is the "slack" season for many farm products. By "slack" I mean local producers aren't yet supplying and South of the equator producers are winding down, this tends to tighten supplies on many produce items. I would imagine transportation costs are biting also, as most transports have added energy surcharges. Did you know surcharges aren't counted in any of the "inflation" reports? Now what in the hell is Yobob, the deflation cheer leader, doing by displaying price inflation? Well boys and girls, my model always allowed for a brief period of price inflation. Indeed it may be a necessary part of the build up to the impending collapse. Rising energy and food costs against a back drop of an overly debt burdened consumer in a stagnant to falling income environment leads to one thing - missed debt payments. Lets see do I buy food or do I pay the credit card bill? Wait I'll but the groceries with the credit card, make the minimum payment on the credit card and that almost leaves me enough to buy gas. What do you mean my card was declined because it's maxxed out? The noose of debt is ever tightening and it is what ultimately causes our demise. The only defense under these circumstances is to have no debt. By no debt I mean just that. We can all sit around and rationalize our $300,000 mortgage (gotta live somewhere, long haul real estate always goes up, etc.) but if what I, and some other more noteworthy folks, foresee is steeply declining asset values on anything backed by debt - which by the way under our fractional reserve banking system is just about everything. It is entirely possible you may well owe $300,000 on a house that the market value has dropped by 50% or more. Never happen? Oh contraire'. It happens all the time, but usually is contained to one region or another for some specific reason. This is different beast. This will be a national and even global event. There's really no place to hide. What will be a little different this time is the big bust has already started and not in the hot markets. It is eminating from the center of this country and working it's way to the coasts. The coastal markets will be the last to fall, but are likely to suffer the most spectacluar losses as they have had the most outrageous appreciations. The nature of the beast is that borrowing must continually expand at an ever increasing rate. The fed has expended it's bullets just to keep the plates spinning. It is now at the mercy of the global markets over which it cannot exercise any great amount of control. Oh a timely intervention here or there might stall things a bit but if the markets decide that US debt is inappropriately priced they will eventually reprice it. All of this assumes we have no big "event", say like the US military caught abusing and torturing Iraqui citizens. Oops. Well maybe something bigger. It also strikes me that Mother Nature has been so obliging lately. She's been fairly benign compared to what she is capable of. The point is our "blessed recovery" is already going sour as the previous liquidity surges have passed and anything could send it reeling, though I suspect that without any exogenuous impetus, our "recovery" will have proven to be a false dawn well before the election. I think the pig dies from exhaustion more than anything else. Link to comment Share on other sites More sharing options...
Guest Posted May 5, 2004 Report Share Posted May 5, 2004 The following arrived via e-mail from a woman in SoCal who works as a Manager for a large national mortgage lender: "It has been very hot here; beautiful but hot. Work has slowed down so much I am hoping to make the payments and keep my job...." Link to comment Share on other sites More sharing options...
Guest Posted May 5, 2004 Report Share Posted May 5, 2004 It appears that Iraqis are finally enjoying some of the freedoms that come with a move toward Democratization. I'm guessing that this was not what Cheney's puppet had in mind: http://www.abc.net.au/news/newsitems/s1102195.htm Last Update: Wednesday, May 5, 2004. 7:46pm (AEST) Iraqis rally against mistreatment of prisoners Hundreds of Iraqis have gathered outside the US-run jail at Abu Ghraib in an angry demonstration against the mistreatment of prisoners. The 500-strong crowd is demanding the release of prisoners and the departure of US troops. The demonstration is the first since the release of graphic pictures showing Iraqi inmates forced into a series of demeaning and sexually explicit poses at Abu Ghraib. The demonstration was organised by an influential group of Sunni scholars. "US Army, go home, your families are waiting for you, this country is for Iraqis," said one banner. "Abu Ghraib, witness of American savagery," said another. The crowd is also chanting anti-US slogans as anger in Iraq continues to grow over the pictures scandal. Link to comment Share on other sites More sharing options...
DrStool Posted May 5, 2004 Report Share Posted May 5, 2004 I think it's important not to forget the most reliable pattern of them all. Any time the futures are down in the evening, there is only one thing to do. BUY! before the 3AM boner jam and sell at 10AM. It is as reliable as clockwork. When the breakdown comes, it most certainly not be telegraphed in the overnight session. If you are trading extended hours, fine. If not, pay them no mind whatsoever. The extended hours indications are worse than worthless. They are manipulated to mislead and obfuscate. Link to comment Share on other sites More sharing options...
Hiding Bear Posted May 5, 2004 Report Share Posted May 5, 2004 On Boomberg Radio, to repeat a story I've told before, anal-ysts day after day continue to say that oil prices will only have an impact when they reach a higher level. When the year started, they said prices higher than $30 will hurt the economy, then $32, then $33, well you get the point. Now they say only a price over $40 will hurt the economy. When it hits $40, I'm sure they will say only a price of $42 will hurt the economy. Apparently these anal-ysts are not bothered by prices of energy, housing, and food rising faster than incomes. It's going to be fun listening to their pathetic explanations when the word "oil shock" creeps back into news. (Thanks for that Machinehead.) Link to comment Share on other sites More sharing options...
DrStool Posted May 5, 2004 Report Share Posted May 5, 2004 For Everything a Season Turn Turn Turn 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! 30 Day Intro Subscribatory. Just $16.99! Get In RIGHT NOW!? Link to comment Share on other sites More sharing options...
The End Posted May 5, 2004 Report Share Posted May 5, 2004 It is obvious to me that we are in b of c in subwave 3 down of wave 2 up which will culminate in 5 down. And that's just the first 10 minutes of trading. Whew, glad we cleared that up. --- yobob1. Have a good trading day people. Link to comment Share on other sites More sharing options...
twignberries Posted May 5, 2004 Report Share Posted May 5, 2004 Well, master manipulators were at it again while we slept. Fear has popped, all the S/T money is short, and we're sitting on support levels. Meanwhile, on the message boards: the cautious bears of last week have begun their CRASH!!! rampage. I don't know, a big move down here just doesn't smell right. The Boyz aren't going to telegraph it like this are they? It's not their M.O. Link to comment Share on other sites More sharing options...
Stinky Posted May 5, 2004 Report Share Posted May 5, 2004 Belkin is back... http://www.pimco.com/LeftNav/ContentArchive/Default.htm The recent setback is nothing, however, compared with what?s coming, he says now. In an update interview this week, he said his research suggests that the market will revisit its October 2002 lows, and he is sticking to his prediction of a ?high-volatility dislocation? -- you might call it a crash -- en route. He still singles out semiconductors as likely victims, but has now added emerging markets to a long list of investment areas he expects to get clobbered; meanwhile, he still likes consumer products companies and energy as potential hedges, though he doubts they will provide positive absolute return. Link to comment Share on other sites More sharing options...
Lock Limit Down Posted May 5, 2004 Report Share Posted May 5, 2004 Silver and gold matrix slapdown on schedule These guys are like clockwork. Please continue you mobsters I want more Link to comment Share on other sites More sharing options...
Lock Limit Down Posted May 5, 2004 Report Share Posted May 5, 2004 Naz futures 13.5 points off the lows Very impressive The men behind the curtain have everything under control once again with the validation rally in full gear They also appear to be buying the dollar. Silver testing 6 again. Link to comment Share on other sites More sharing options...
wndysrf Posted May 5, 2004 Report Share Posted May 5, 2004 Silver and gold matrix slapdown on scheduleThese guys are like clockwork. Please continue you mobsters I want more Example of a commodity which is allowed to trade freely, one which The Matrix has no interest in. Cattle Futures going parabolic, up another 3% this morning. Link to comment Share on other sites More sharing options...
Guest Posted May 5, 2004 Report Share Posted May 5, 2004 Futures ramp gathering pace. Doc, it sure is a easy trade..wonder when it will cease to be Link to comment Share on other sites More sharing options...
Lock Limit Down Posted May 5, 2004 Report Share Posted May 5, 2004 As of last Friday I have begun to track the 3 am futures manipulation and 3pm/330pm last hour jamathong. I expect to be able to release some very interesting stats in a couple of months. If anyone knows of a service that gives historical data on the afterhours spoos, please let me know. TIA Link to comment Share on other sites More sharing options...
DrStool Posted May 5, 2004 Report Share Posted May 5, 2004 Borrowers Take ARMs Sea of Troubles Looms 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! Link to comment Share on other sites More sharing options...
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