139 replies to this topic
Posted 12 February 2003 - 07:38 PM
Supermodel Mood Meter hitting record lows:
Manic/Depression Mood Meter
PigMen Proprietary Trading Desk
The Weimar Run: Bullphoria!!!!
Posted 12 February 2003 - 07:42 PM
A great comstock tonite...
"Ever since the current bear market started in early 2000, strategists, economists, and general investors have blamed the market and economic woes on everything except the real cause"
Posted 12 February 2003 - 07:44 PM
Imagine the artist Cristo- who wrapped the countryside, cows, and tall buildings in colorful plastic- embarking on a new career.
Posted 12 February 2003 - 07:46 PM
Thanks, Mark, Inspiring letter.
I looked at the financials' charts and they don't seem so bad yet, at least JPM and Citibank. Well, OK. If GE is a financial that looks ominous.
I agree with Budha about the lull before the Perfect Storm. But, just in case it all turns out to be real, it's good to see real men and women in charge, for a change. All this activity serves to divert media attention away from the anti- American, commie organized, sixties leftovers who pretend to be against the war, but are really just against this great country, no matter what. No demonstrations in the duct tape aisle at Home Depot. Oh, and don't forget the plastic wrap.
Loved the Denny Hastert idea about putting bright orange warning labels on French wines treated with cow blood. Americans have been taking crap from the French for years and rolling over. No more. Could we have sold down today over fears of trade wars?
I don't think it was Bin Laden on the tape. But it serves a political purpose at this time to agree that it is. I personally think the Swiss experts are right that the previous tape was a fake. Doesn't mean that the other Al Qaeda nuts are any less dangerous.
Posted 12 February 2003 - 07:49 PM
Does anyone know of gold dealers in the U.S. who ship overseas?
As you know by now I live in the U.K. and could buy bars and coins
here, but the premium is higher as it seems competition is not as
fierce here as over there. I've called Tulving and GoldDealers.com
but none of them deal internationally. Kitco ships overseas, but
their premium over the spot price is higher than most others
On a completely random note, I think the display of tanks and
military personnel at Heathrow as well as advice to stock up on
three days worth of food and drinking water is a final effort to
improve on opinion polls in favor of attacking Iraq before the
weekend. Once enough people have been scared into thinking
that Iraq and bin Laden are in partnership and bent on attacking
America and her allies Bush and Blair will have the go-ahead to
attack Iraq. Don't forget that we armed Saddam Hussein as he
fought Iran and we armed bin Laden as the Soviets were driven
out of Afghanistan. Now Saddam Hussein has served his purpose
and will be disposed of. I'm not so sure, however, that bin Laden
has outlived his usefulness. Chilling messages from him are the
most effective way to rally support in democracies like the U.S.
and the U.K. How do we know that the tape was not fabricated?
Posted 12 February 2003 - 07:50 PM
"sixties leftovers who pretend to be against the war, but are really just against this great country ..."
It's our country, hotshot. If ya wanna fight, become a mercenary.
"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
Posted 12 February 2003 - 07:56 PM
These guys are professional and the pricing is not ridiculous. They deal with international buyers per their website, so you may want to give them a call. I have dealt with them in the past and found them to be competitive and a good organization to do business with.
Posted 12 February 2003 - 07:57 PM
I have lurked and I have squatted, but now it's time to wade on in.
This community is great. I am humbled and awed by your dilligence and market knowledge.
At this stage, given my utter and profound lack of market knowledge, all I figure my role to be in the vein of Flubber from animal house. "Hey Sphinxster, come on over to this three week old thread in the political section, there's a couple of guys I'd like you should meet. Have a seat on this tasty thread about Trent Lott"
My story: 6 months ago I was a card carrying, ready to be shorn, fully somnulent member of the sheeple. Hell, I was half a flock myself. Disciple first class. "Buy and Hold!" I used to scream. "Get the terrorists!". Then I looked into the odd lack of jet-fighter response on 9/11 and remembered the odd bit about listening to kids read about goats for 25 minutes while huge, kerosene laden bombs were streaking all over the presumably heavily travelled and protected north eastern flight corridors. Then I sumbled onto a few sites like morerubbish.com and it was all over.
Suffice it to say, that I seem to have swallowed one mfking huuge red-pill and I know I can never go back. Never. [note: in retrospect, that movie is really the bomb - most accurate movie of the decade].
Following a bit of independent reading and thinking about markets I have completely removed all my assets from the casino, except a modest quantity of recently purchased gold shares, converted all of my monopoly money into hard assets and cash, put my house on the market, pulled my kids from school in favor of home schooling, and am looking to move to a nice farm a bit further north with decent tillable acreage [hey, over the next 20 eyars who here thinks we keep up with this silly-ass oil burning economy? We'll all be telling fond stories to our grandkids "when I was young this 4 lane strip of tar was filled with cars! Idling! No really, come back!"].
Here's my entire investing strategy - the dollar is going to suck some serious tailpipe over the next decade and I plan to cheer the whole way.
Stocks will die on some ugly 4 Sigma event (I don't think "10" is necessary, I think the hotshots on Maulstreet have constructed some very nice independent models of risk but have failed to properly account for ideosyncratic risk let alone coupled systemic risk)
Not to run on, but here's my salvo against the Matrix for today:
CEO Merrill Lynch
4 World Financial Center
New York, NY 10080
I have been a faithful client of ML for over a decade and have been a preferred client the entire time.
With the recent disgraceful behavior of Mr. OíReilly of FOX and his despicable treatment of Mr. Glickman who lost his father in 9/11, I have reached my personal limit.
I stood firm through your anal cyst fiascos, and did not waiver when I lost money on bad advice. I personally brought other family accounts to ML, all preferred clients.
However, the fact that ML chooses to support such a despicable show as the OíReilly factor indicates that ML lacks the moral compass I seek in my brokerage firm.
Sadly, on this basis I am terminating my 10+ relationship with ML. I will miss my broker, heís a friend of the family. However, in my world, ethics and responsibility are the most important qualities but I can no longer certify that ML possesses these traits.
FOX is actively promoting the Iraq war and anyone who cannot foresee the likely impact of an oil shock on our weak economy has an agenda that I simply do not share. When this narrow vision eclipses common decency to the point that a 9/11 victimís son is verbally attacked for holding an different point of view, well, now weíve crossed a line I cannot condone.
I urge you to reconsider your support for FOX and its viewpoints. Until then, I will be a Fleet client.
Good luck in the new year. For all of our sakes, letís hope itís better than last year.
Unfortunately, I am off on business for a few days [to London - Yikes! I really, really, am nervous about going. Please, please don't let the shooting start 'till I get home] so I won't be able to read this most excellent board for a few days.
I look forward to reading and stumbling about when I get back.
Soon I even hope to be allowed off the sofa to join the real party.
Time to go plan tomorrows salvo.
Posted 12 February 2003 - 08:12 PM
"anti- American, commie organized, sixties leftovers "
Yer kiddin' right?
Yer such a kidder
Posted 12 February 2003 - 08:13 PM
MH, If you dare question president select Shrub, you are a commie, pinko, hippy, chicken, no-good. Donít matter if you did time in Nam.
Thank god we didnít get called liberals.
Posted 12 February 2003 - 08:13 PM
Going from the Mohel Lynch mob (Oy do we got tips for you) to Fleet Enema gang is like going from the frying pan into the fire. This is simply exchanging a bunch of smart crooks for a bunch of dumbass ones.
Get a good cheap on-line broker and stop paying those ridiculous commissions and fees for the privilege of being on the receiving end for a crooked distributor of worthless securities.
If your portfolio has you feeling irregular, for fast, long lasting relief, take a subscribatory. And support your local Stool!
Posted 12 February 2003 - 08:16 PM
War is the last great hope of the incompetent to order the unwilling to attempt the impossible.
could burn down
We jammin still
Full Extreme Ultimate Rejects
Posted 12 February 2003 - 08:21 PM
USA GOLD .COM...ships- sells over to England..I think
I have bought from them, but prefer Tulving.
Posted 12 February 2003 - 08:26 PM
I believe he is going to be doing Central Park shortly.Imagine the artist Cristo- who wrapped the countryside, cows, and tall buildings in colorful plastic- embarking on a new career.
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