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More FEED jawboning.

 

"Fed members continued to assess economic statistics some feel are skewed by short-term war and geopolitical worries."

 

Mark's Translation:

 

Economic statistics are now the worst of all time. There has been no material improvement after the war ended. All signs point to a certain "Point of Recognition" emotional lockup for the U.S. Consumer. It has become a virtual circus over at the Office of Management and Budgets within the statisticians offices. Data is being massaged, cropped, distorted, and adjusted to prop up the data in the most favorable light. Mitch Daniels had enough, so he bolted before the incredulous acrobatics are exposed to the public.

 

"The Federal Reserve stands ready to shore up the U.S. economic recovery, according to minutes of the Fed's March 18 meeting. Maintaining a "high degree of vigilance and a readiness to respond promptly,"

 

The Stock Market is the Economy. Nothing else really matters. The DJIA is the barometer of the health of the Paper Pyramid and the 700-story JP Morgan Derivatives Tower. It is also the Confidence Meter for the U.S. Consumer, to which the entire Global Economy is circuit cabled to as a giant Umbilical Cord.

 

Repo Blasting, Large Cap Constituent Jamming, Sudden Power Failures at futures exchanges, and Robot Trading options are losing effectiveness and too many Riverboaters are catching on to "The Fix". FOMC members are now having emergency meetings 24/7 with New York Securities lawyers in order to dream up more direct intervention strategies which are able to escape scrutiny, and somehow jumpstart Maria's $2 trillion "sideline cash hoard" back into the stock market.

 

"Some members in fact felt the central bank may have to respond with lower interest rates to help relieve the war uncertainties impact on business investment and consumer spending. Meanwhile, the group met this week and as expected, the Federal Open Market Committee held its target federal funds rate steady at a 41-year low 1.25 percent. Some economists still think the Fed could cut rates in June."

 

The junior, inexperienced FOMC members are under the illusion that lower rates and more credit continue to remain viable options for stimulation. After all, every Economy 101 textbook says so. However, the more senior members are keenly aware that Monetary Stimulus is now backfiring by vaporizing the money supply, because the Atomic Particle Accelerator is self destructing its own material, sending the U.S. Peso into Wheelbarrow Oblivion, Wiemar Republic Style.

 

Take it away, Riverboaters.....

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Want to remind everyone, and those who did not see the announcement, the cahangeover to the new supermodel dedicated Stool server will begin Friday night around 10:00 PM. There will be an outage Friday night lasting at least a half hour. DNS changeover should be completed on Sunday. you should be able to reach the Stool all weekend, but do not panic if you can't. there may be some outages. We will be ready to roll on Monday.

 

The new server is a state of the art monster machine-- Dual 2.0 XEON processors, dual 73 gig SCSI hard drives, 1000 GB of ram. You should notice a big improvement in access and page loading, free of slowdowns during busy periods.

 

Again, many tanks to Anals and Stooltrading subscribers who made this upgrade possible for the benefit of everybody!

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Poor bastards probably never knew what hit 'em:

 

Sunrise Assisted Living circumsized by Mohel Lynch (SRZ) by Tomi Kilgore

anal cyst Doug Simpson at Merrill Lynch has downgraded Sunrise Assisted Living (SRZ) to "sell" from "neutral," citing what he believes to be "very rich valuation," which appears to be based on a long-term outlook that could prove to be "very optimistic." The stock is sliding $3.30, or 12 percent, to $25.20, after the healthcare services company reported first quarter results. The company earned 56 cents a share, a penny above the average anal cyst estimate, according to Reuters. Operating revenue increased 23 percent to $136.7 million, just shy of the $139 million expected by anal cysts. The company also reiterated its 2003 earnings forecast of $2.57 to $2.65 a share.

 

 

"We can't possibly encourage our clients to buy stock in a company that actually makes money and has a P/E. You're much better off giving us your money so we can lose it for you. Remember, we see your financial picture in total!"

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Notice the Uninterrupted rise in the gold contract today.

 

Hardly a dent on the intraday. The Goon Squad couldn't even knock it back a half a point all day.

 

The graph of Gold represents the Danger Level which exists inside the Paper Pyramid. Prior to today, it has been wobbling around, and the Participants haven't been too worried.

 

After today's gold price action, the Arena Participants are starting to take notice, and are now eyeballing the location of the Fire Exits.

 

Hoping to be the first ones out.

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Roger Arnold continues to harp on Germany as the Epicenter of Systemic Stress.

 

The DAX has been propped up by the relative outperformance of the auto manufacturers. Take these companies out, and its a real mess.

 

Keep a close eye on Pimco's parent company: Allianz.

 

Talk about destruction.

 

What a spectacular crash the last 3 years. Might as well have been an Internet stock.

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They tried to rally them back 4 or 5 times today to no avail.All bulls are expecting a huge bounce into oe and have no fear of a selloff.Some think this is a trap to suck in more shorts.

 

 

A down day tomorrow will kill the bulls for a while,if we rally they still have a chance.I think we tank into oe....too many bought calls in the last few months and they need to be cleaned out.

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I don't know but after the last few weeks of Crapvision's brainwashing of "were in a new bull market" I would think this little pullback will get bought pretty hard. Even some normally bearish people went bullish and are looking for a pull back to buy. I'm thinking we have another bad day tomorrow but it reverses violently to the upside for a retest of the high's or close in the next few trading days.

 

If this senario happens I would expect the S&P - 910, QQQ-27.20 as possible bounce areas for a the jam of the century. One last blast for all those bulls that want to get in on this rally.

 

I noticed the Fed came in with 10 billion today. A little more retrace on the $ and the stock markets and jam them both up.

 

I know a lot of you fellow stoolies are ready for the dump of dumps but do you really think we go strait down from here?

 

Quicktrade

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