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#31 brian4

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Posted 26 February 2003 - 08:01 PM

Hanky-You think your parents got trouble-NY Times had a story about a small town upper state, 10,000 residents. The towns employees contribute to the N.Y. State pension fund. Last year the town's share was 32,000K. This year the town cut programs and set aside 330,000K as the state fund warned about losses. The bill the town got was for 762,000K. Wouldn't want to live in that town-Trade Safe!

#32 Drano

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Posted 26 February 2003 - 08:02 PM

Tomorrow is the Bradley turn date, which of course is worrisome if the turn were to go up. But I think those dates are considered approximate even by the most rabid Bradleyites.
Of course I'm caustic!

#33 GregFokker

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Posted 26 February 2003 - 08:07 PM

Mr. Hanky, all my sympathy. Don't know what to say, except good luck. Maybe it's time to sell and be a renter until RE crashes.

...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

Naturally we believe the govt numbers... and Boobus Americanus sleepwalks off the edge of the energy-crisis cliff clutching his shares of "Crisco", Yoohoo and GooGah munching on his Yum Yums and Ho Hos. Future historians will have a hell of a time figuring out what the hell Americanus neanderthalus was thinking and exactly what brought on his sudden demise... - Henny Penny

Well, good night everyone. I gotta go lube up for tomorrow's regular end-of-week Gold Slapdown and Stock Index Bear Punishment Rally Weekend Greenprint. ...Probably another Shock-and-Awe Gap-Up-Open and Wire-to-Wire Meltup Runaway Bull Charge Mo-Mo Spike to Fresh New All-Time Lifetime Highs, culminating in a 4:15 yelping scalded dog runoff with panic short-covering and legal not-held bad double fills due to fast market conditions, plus quote system freeze-ups and trading platform lock-outs along the way. *yawn* typical gov't Friday. - Shorty


#34 Grizzly_Canuck

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Posted 26 February 2003 - 08:11 PM

From Debka (not the most independent news source but fwiw):

"Gulf War tensions peak again Wednesday night. Iran closes borders with Iraq, deploys army on borders in state of preparedness.

Moscow sends charter planes to fly dependents of Russian diplomats and experts out of Baghdad. Turkey evacuates diplomatic staff from Iraqi capital"

#35 torah man

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Posted 26 February 2003 - 08:29 PM

we are going to play with paper trading some options in the lob area:

http://www.capitalst...f=2&t=1376&st=0

anyone want to come and play.

i have to go out for a bit, so make your submissions and i will address when i get back.

#36 Ned38

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Posted 26 February 2003 - 08:51 PM

Re: The Bradley.
I think the one most folks are looking at is this one. It has been uncanny at times

http://www.geocities...0/SID20805L.gif

Looks to me like it was ahead of schedule by a few days, and if that's true then the decline into mid March would be underway. Guess we will see soon enough

Other Bradley's are here.The first one is the same but the others are not based on the original formula and are not earth centric or some such jive. I don't check them

http://www.amanita.a...q/e-bradley.htm

Notice they are all saying rally after we get done with this downleg

#37 The End

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Posted 26 February 2003 - 08:56 PM

Just found out my property taxes are going up another 17%.last year they went up 28%,and 20% in 2001.

I'm gonna puke.




Called my parents for some sympathy,they told me their house just got re-assessed from 230k to 480k,their taxes just doubled instantly and my father retired 4 weeks ago.

Move!

Sell your house and rent for a few years. :wink2:
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.


--Waters

#38 Cassandra

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Posted 26 February 2003 - 08:59 PM

It used to be that the daytraders, and I guess we have to consider the Hedgehogs as daytraders, would buy high tech stocks early in the day and hope to squeeze out a small profit before 4 PM. Finally, they've come to realize that we've been in a 3 yr bear market. So, now they seem to be shorting early in the day and then scrambling to cover before 4 PM. This would seem to account for the frantic last hour rally in recent days. Of course, it didn't happen today. Oh well, as Gerald Loeb used to say, "As soon as you find the key to the Market, they change the lock". :angry:

#39 The End

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Posted 26 February 2003 - 09:03 PM

Tjm & grizzly_ canuck,

Welcome to the best damn site on the planet for people like us.

GF,

I did not notice your reply to Mr Hanky until I scrolled down the page.
Great minds think alike. :grin:


Still short. B)
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.


--Waters

#40 martialcomp

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Posted 26 February 2003 - 09:14 PM

Mark is right about this market. It is set up to siphon as much money as possible out of whoever "invests" (gambles) in it.

They LOVE taking everyones commissions on trades.

Resistence is 840 on the S&P and anything short of a war rally will not break it.

John Mauldin did an article last week on healthcare. Here is a snippet.

"In the US in 2002, we spent $5,427 per person on healthcare, almost exactly
double of what we spent in 1990. CMS projections estimate that we will
spend $9,972 in 2012. Within another year or so after that, our medical
bill will have doubled from what they are today. Keep in mind, the Baby
Boom did not really get started until 1947, so these costs do not begin to
reflect the potentially accelerating rise in costs after 2012 as my
generation gets older and begins to need ever more medical care."

He thinks we need tort reform and cost cutting methods in health care.

His site is http://www.frontlinethoughts.com but I cannot seem to get to it right now.

His concern is that health care will cause lower corporate profits and wage deflation as employers pass on more of the costs to employees.

the ECB meets again on March 6th I believe. Watch for them to ease. If they do, then the dollar will probably get a boost and Greenspan will start repo blasting again.

He did 4.25 billion in over night Repos today. Wasn't enough to prop up this dog.
http://app.ny.frb.org/dmm/mkt.cfm

Agree on money leaving the markets. The sheeple have investment IQ's of about 40 while everyone else on this board has an investment IQ of 100-120. The sheeple have not started really selling yet.

This gasoline hike has really shook up the world here in CA. Traffic has dramatically improved lately because of the increase in gas prices. Less cars on the road, less giant, wallet emptying SUV's trying to run cars off the road down here. It has actually been almost acceptable lately.

Hate to say it, but, I would not mind gas staying high or even going a little higher from here...Sure has humbled a selfish, narcissistic, hedonistic, materialistic over consuming society.

I also feel that people are doing LESS traveling, LESS bar hopping, LESS boating, etc. This will effect corporate profits for the first quarter of this year.

On housing...as the person that made the Dirt Digger site says, we are literally living off of housing inflation and biotech.

#41 Grizzly_Canuck

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Posted 26 February 2003 - 09:14 PM

Thanks TE


Good Ike Iossif interview with Stan Harley (of 78.5-week cycle fame):
Aegean Capital

few more weeks of salmon feasting. B)

#42 BigWave

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Posted 26 February 2003 - 09:16 PM

End,

Probably a repeat request, but "When The Levee Breaks" is feeling more and more appropriate. :grin:

Staying humble though :) , and short.

Wish I was going to NY, too long a haul right now from the home front.

BW

#43 The End

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Posted 26 February 2003 - 09:23 PM

Big wave,

Next post.

Attention all stoolies who are not aware of the gathering in NYC on March 6th.

http://www.capitalst...t=ST&f=2&t=1106

It should be a real good time.
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.


--Waters

#44 MrHanky

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Posted 26 February 2003 - 09:24 PM

us threatened with cyanide attack

http://story.news.ya...terror_threat_9

Nothing


#45 The End

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Posted 26 February 2003 - 09:26 PM

Led Zeppelin- When the levee breaks. Zeppelin 4






If it keeps on rainin', levee's goin' to break, (X2)
When The Levee Breaks I'll have no place to stay.

Mean old levee taught me to weep and moan, (X2)
Got what it takes to make a mountain man leave his home,
Oh, well, oh, well, oh, well.

Don't it make you feel bad
When you're tryin' to find your way home,
You don't know which way to go?
If you're goin' down South
They go no work to do,
If you don't know about Chicago.

Cryin' won't help you, prayin' won't do you no good,
Now, cryin' won't help you, prayin' won't do you no good,
When the levee breaks, mama, you got to move.

All last night sat on the levee and moaned, (X2)
Thinkin' about me baby and my happy home.
Going, going to Chicago... Going to Chicago... Sorry but I can't take you...
Going down... going down now... going down....
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.


--Waters





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