wndysrf Posted May 12, 2003 Author Report Share Posted May 12, 2003 NYSE % Record High redlined again today. Another .99 reading. The 8th one in a row. Link to comment Share on other sites More sharing options...
soup Posted May 12, 2003 Report Share Posted May 12, 2003 Scott: I agree, this is an all out war on savers in order to save the debtors. WHich of course is ass backwards. In order to have sustainable economic growth we need savings and investment. Trying to encourage consumption thru defict spending is a recipe for disaster. I firmly believe they know this, yet are desperately trying to cover up past policy incompotence thru smoke screens that will push off the day of reckoning. Link to comment Share on other sites More sharing options...
Sam Adams Posted May 12, 2003 Report Share Posted May 12, 2003 I'm sad to see this come to pass My world is dark and cold; I'll use greenbacks to wipe my ass and doorstops for my gold. And when I'm out of dollars and my heart is filled with grief; I'll listen to our scholars and wipe with golden leaf. Link to comment Share on other sites More sharing options...
Downtick Posted May 12, 2003 Report Share Posted May 12, 2003 when will it end? Someday.when is it safe to short again? When it ends. when is that? When the BPIs and McClellan Summation rollover and die. Do not fight the trend. Never pays. Anticipate the CIT, don't trade it until it actually happens. Right now, too late to dong, too early to short. I'm waiting and watching still in cash. How's that steak you were telling us about last week? Link to comment Share on other sites More sharing options...
Sam Adams Posted May 12, 2003 Report Share Posted May 12, 2003 I've been told that in the US It's companies are the best; It makes sense to short the market and constantly feel stressed; We invented toilet paper To obviate the use of cobb; Time to go long TP and land a new day job; Link to comment Share on other sites More sharing options...
soup Posted May 12, 2003 Report Share Posted May 12, 2003 when I mention investment, I refer to investment in plant and equipment, not lending money to dell or ibm so they can buy back shares. Link to comment Share on other sites More sharing options...
wndysrf Posted May 12, 2003 Author Report Share Posted May 12, 2003 I think what Ord said last week is that we are now a little bit higher than the 1998 lows. He said we need about a 2.5 billion share day to punch through and stay above it. 1.8 billion today was impressive, but not enough. Need to go sideways here for awhile, to build up power for the next move up. Link to comment Share on other sites More sharing options...
scottcardiff Posted May 12, 2003 Report Share Posted May 12, 2003 My JimmyJonesCramer indicator redlined today. He must have posted a dozen times on RealMoney.com today. Bozo usually only posts 2-4 times/day. He thinks hedge funds are getting crushed. I think he's right. He thinks the market goes quite a bit higher. I think he's wrong. But above 980, I'll agree with Bozo. Link to comment Share on other sites More sharing options...
soup Posted May 12, 2003 Report Share Posted May 12, 2003 looks like they are using "projected" earnings or pro forma, either way garbage in garbage out Link to comment Share on other sites More sharing options...
crooked_analyst Posted May 12, 2003 Report Share Posted May 12, 2003 Wndy... My guess is that he turns it into the LATE 1920's - early 1930's.... How much of a premium are you paying on your Gold Eagles and Silver Rounds? I've been having to hit $20 on Eagles and .50 on Silver. Crooked-A, go to Tulving.com. Pre-2003 Eagles (1 oz) are only a $13 premium. Silver (in junk - not the rounds) can be had for a $0.17 premium/Oz. Good stuff, good service. Many Tanks for the Link! Link to comment Share on other sites More sharing options...
wndysrf Posted May 12, 2003 Author Report Share Posted May 12, 2003 Attn: Short Sellers Not to late to ride the Golden Bull. Big moves soon to be made. Doubles and triples will be common. Avoid the pain. Cover all shorts, start watching the gold and silver stocks. Link to comment Share on other sites More sharing options...
scottcardiff Posted May 12, 2003 Report Share Posted May 12, 2003 QLTI just bounced off fibo support at 8.50 area in after-market. Up 25% in a matter of minutes after the dip buyers rushed in on horrible news. I missed it. Oh well. My "sh-t stocks getting bought on dips" indicator continues to suggest the top isn't in. Link to comment Share on other sites More sharing options...
longOnUranus Posted May 12, 2003 Report Share Posted May 12, 2003 Crooked - I've been paying premiums in that range for a while. Silver has a high premium due to weight-related storage/shipping overhead (so it is said). Gold is the same, except it is "lighter" per transaction. Since small retailers are usually just in the margin business (not speculators) , the spreads must cover the costs of business. Link to comment Share on other sites More sharing options...
PileDriver Posted May 12, 2003 Report Share Posted May 12, 2003 when will it end? Someday.when is it safe to short again? When it ends. when is that? When the BPIs and McClellan Summation rollover and die. Do not fight the trend. Never pays. Anticipate the CIT, don't trade it until it actually happens. Right now, too late to dong, too early to short. I'm waiting and watching still in cash. How's that steak you were telling us about last week? the damn waiter dropped it! Link to comment Share on other sites More sharing options...
Guest Icky Twerp Posted May 12, 2003 Report Share Posted May 12, 2003 ...in a dark, basement boiler-room office full of beat-up metal government issue desks, the men slump fitfully in front of their flickering screens -- it seems the worst is over. Their wizened, stooped supervisor shuffles into the room in tiny steps exacerbated by intimate surgery. He says, "Ok, men, take a break. Go home to your loved ones. It was close, but I think we've staved off disaster for now." There is no cheer in response from the glassy-eyed men, there is only a vague sense of shame at the miracle they have pulled off. "Benny," says the supervisor back over his shoulder as he leaves, "please come back in early tomorrow ... to make sure." Link to comment Share on other sites More sharing options...
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