151 replies to this topic
Posted 05 February 2003 - 07:03 PM
Piles, your "You are an idiot" song never fails to crack me up. Unfortunately it also then gets stuck in a loop in my mental soundtrack.
RTEC is up .007 after hours. Oooh, I'm scared! Thanks again. Hopefully there will be another chance tomorrow to short one more POS.... but also hopefully, for the sake of all of our blood pressure, not as good a chance as today. It was a pleasant surprise to come home and see that my account wasn't looking as bad as I thought it would.
Congrats on catching two more piggies right at the top.
I miss Merciless's Bwa-ha-ha. Hope he's enjoying sailing around in his solid gold boat, or whatever he's doing.
Of course I'm caustic!
Posted 05 February 2003 - 07:06 PM
Maybe he thinks the price of oil will go down and help the market rally. Let see, Iraq is already producing oil at its highest level in a long time, so a war could only bring less not more oil (the opposite of first Gulf War where an oil embargo was in place).
Or maybe he is just ....
Posted 05 February 2003 - 07:15 PM
In case you do not know, although the WTC is gone, your favorite Century 21 has reopened.
Posted 05 February 2003 - 07:28 PM
Mousey: Thanks - good to know. It was always
good for a bargain!
Posted 05 February 2003 - 07:30 PM
Hi all. I was wondering if Doc or someone with a forum can do a poll with the question:
At what level will you most likely cover (+/- 10 points) in the next significant decline on the SPX?
Posted 05 February 2003 - 07:30 PM
Those fokkerz better take it easy on our gold. The action tonight is impeding my digestion somewhat.
...A declining spenglerian carnival of Colossaalism united with Inflation where the numbers one through 10 are forever banished as worthless arithmetical detritus from a bygone age... - Beardrech
Posted 05 February 2003 - 07:34 PM
Thank you for another great column Mark. You managed to change "Beating Expectations" into "Expectations of a Beating".
By the way, do you think Mrs. Green has shoes to match Al's new bag?
Posted 05 February 2003 - 08:10 PM
Second your recommendation: good listening from an inside player. Some of it is hard to follow but the further you go into it the more clear the warnings are. He draws a parallel with 1978, when people said interest rates would not rise above 9?? percent or five?? percent. (couldn't hear it clearly but it's the conclusion that mattered.)
"Within five years I was trading interest rates at 17 percent."
His stuff on the efforts that will be required to support the dollar and where he expects the residential mortgage market to fail first are what many bears are saying. But this guy is an insider. Great stuff.
Posted 05 February 2003 - 08:40 PM
no new posts on the entire site for many minutes.
Posted 05 February 2003 - 08:46 PM
I think you just did!
NONE of what I type, should be taken as financial advice.
And when you loose control, you'll reap the harvest that you've sown
And as the fear grows, the bad blood slows and turns to stone
And it's too late to loose the weight you used to need to throw around
So have a good drown, as you go down, alone
Dragged down by the stone.
Posted 05 February 2003 - 08:48 PM
Anyone note the Investor's Intelligence numbers?
From Schaeffer's site:
These guys are almost comical. Does anyone even listen to them? The only reason I can think of is they're all counting on the big war really they're certain will happen. I just hope I can convince my relatives to get the hell out of the market before it collapses....
Posted 05 February 2003 - 08:50 PM
Here is certain proof that we are in a depression:
New Fleetwood Mac album
What grimmer portent could one imagine? Well, OK. Maybe a reunion of Iron Butterfly or The Captain and Tennille.
"GOLD -- it's not just for misers anymore."
"Dollahs -- fire-starters for the K-wave winter." - Drano
"Three humps and a dump." - anotherone, 21 SEP 2004
"No gold was harmed in the making of this movie." - Bizarro Greenspan
[i]"Da Track. Da place where Morons bet on Animals Controlled by Criminals." - our jickiss
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