Bearbones Posted October 8, 2004 Report Share Posted October 8, 2004 Not a negative tick since the openWhy all the excitement to buy stocks? Labor is roughly 70% of business cost and today's report shows labor has little bargaining power. Also, Fed not likely to push rates much higher. That's one of the reasons for the currency weakness. Link to comment Share on other sites More sharing options...
soup Posted October 8, 2004 Report Share Posted October 8, 2004 1st 1/2 hour action : bearish, bearish and more bearish. Hey, WTFDIK, and I will probably be wrong, but something tells me these dippsters agonna take a dip. Link to comment Share on other sites More sharing options...
zensmoke Posted October 8, 2004 Report Share Posted October 8, 2004 QQV 18.87 VXN 20.36 VIX 13.84 VXO 13.85 Link to comment Share on other sites More sharing options...
Butterfield 8 Posted October 8, 2004 Report Share Posted October 8, 2004 PCU up 1.62. again. MH - have a target for copper? is it worth buying or is it over? Link to comment Share on other sites More sharing options...
zensmoke Posted October 8, 2004 Report Share Posted October 8, 2004 *DJ Fed Bernanke:Clarity,Hawkish Bankers Aid Fed Credibility Link to comment Share on other sites More sharing options...
machinehead Posted October 8, 2004 Report Share Posted October 8, 2004 Dec.'04 COPPER, COMEX 146.30 +3.55 Copper may be pushing toward its all-time record high of 164.75, set in late 1988. That would be a strong signal of possible new highs by other metals, in the context of a runaway commodity bull market. Unlike Mad Al, Doctor Copper doesn't lie ... Link to comment Share on other sites More sharing options...
pistolpapa Posted October 8, 2004 Report Share Posted October 8, 2004 Paul Krugman in the N.Y. Times cites an Administration in denial. "From a political point of view, such exercises in denial have been very successful. For example, the Bush administration has managed to convince many people that its tax cuts, which go primarily to the wealthiest few percent of the population, are populist measures benefiting middle-class families and small businesses. (Under the administration's definition, anyone with "business income" - a group that includes Dick Cheney and George Bush - is a struggling small-business owner.) The administration has also managed to convince at least some people that its economic record, which includes the worst employment performance in 70 years, is a great success, and that the economy is "strong and getting stronger." (The data to be released today, which are expected to improve the numbers a bit, won't change the basic picture of a dismal four years.)" http://www.nytimes.com/2004/10/08/opinion/08krugman.html I would say that much of America is in denial about the country's status and has been since the great bull market ended. In that respect the current president accurately reflects the mood of his constituency. It is only the gifted, or cursed, few that see what is transpiring. People want to hear that everything is okay. And they need "them" to say it over and over again. But when things fall apart and the people's world is upside down; "They" better run for the hills. ********************* But do we "gifted or cursed" really see what is transpiring? Or are we also in for a big surprise? Link to comment Share on other sites More sharing options...
Lock Limit Down Posted October 8, 2004 Report Share Posted October 8, 2004 The trin is telling the truth What an open UB Link to comment Share on other sites More sharing options...
The Mad Hungarian Posted October 8, 2004 Report Share Posted October 8, 2004 Wasn't it nice to see Krudlow once again twisting in the wind in his gangsta suit..I think he buys those direct from the Funeral Home after they patch the bullet holes! brian4, Maybe they can drill for oil on Krudlow's head? Link to comment Share on other sites More sharing options...
machinehead Posted October 8, 2004 Report Share Posted October 8, 2004 The trin is telling the truthWhat an open UB SOX is sick, back below 400. Highs for the day may have been seen already ... Link to comment Share on other sites More sharing options...
rog Posted October 8, 2004 Report Share Posted October 8, 2004 phm gives up rally, closing in on new low Link to comment Share on other sites More sharing options...
Lock Limit Down Posted October 8, 2004 Report Share Posted October 8, 2004 Nice finger on the HGX Falling back to earth Link to comment Share on other sites More sharing options...
Lock Limit Down Posted October 8, 2004 Report Share Posted October 8, 2004 This is nothing but desperate action by power It just amazes me how this "market" can be pushed around at will. Link to comment Share on other sites More sharing options...
Lock Limit Down Posted October 8, 2004 Report Share Posted October 8, 2004 BKX going vertical Link to comment Share on other sites More sharing options...
zensmoke Posted October 8, 2004 Report Share Posted October 8, 2004 Temporary Open Market Operations for October 08, 2004 Last updated: October 08, 2004 09:51 AM Number of operations today: 1 Delivery date: Friday, October 08, 2004 Maturity date: Thursday, October 14, 2004 Type of operation: 6-day RP 1 Operation close time: 09:45 AM Total Money Value of Operation (in $bil.) 7.750 http://www.ny.frb.org/markets/omo/dmm/temp.cfm?SHOWMORE=TRUE Link to comment Share on other sites More sharing options...
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