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Poole To Potato Head: "we Have A Problem"


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#16 Jorma

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Posted 10 March 2003 - 06:13 PM

Buy death, I always say. So does everyone else, in so many words. In my case it's the blackest of humor. For da boyz doing the carnival barking all they can think about is those green frog skins flowing into their hands.

War is the last great hope of the incompetent to order the unwilling to attempt the impossible.
William Eastlake 'The Bamboo Bed'

Change you can suspend your disbelief in.
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The Treasury

could burn down

We jammin still

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#17 Bird D Durr

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Posted 10 March 2003 - 06:24 PM

LONG DONG..............................SILVER........................

#18 PileDriver

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Posted 10 March 2003 - 06:27 PM

Hey swedjap -

Welcome to Stoolville! :lol:

#19 Hypertiger

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Posted 10 March 2003 - 06:31 PM

There's the Bernanke miracle again... The printing press trick is based on the amount of debt you can coax an individual human being into... once you run out of human victims it's game over... The FED already buys every treasury issued as it is... the treasury is just the sales agent it works like this...

the Government needs 20 billion the fed issues a federal reserve check which the Government deposits into their account and the treasury sells paper to back it up...

The government money 2.2 trillion floods into the economy and is multiplied by commercial banks... If no one borrows or can't borrow, it doesn't matter how big the budget deficits become...

They don't have a hope in hell of replicating a functioning economy...

Commercial banks live on compound interest... when that dries up they starve to death...

maxout is maxout... Bernanke's scam will ensure that the government can make the payroll but it does zero for the economy, absolutely zip...

And for the plan to be sustainable for an extended period of time taxes will have to go up and once taxes = income then what?

The jig is up... the Bernanke printing press trick or "miracle" was kicked into high gear in 1971, it is the reason we are where we are...

His statements are at the most comforting to simpletons...

We're gona die... don't worry Ben says they'll just print money and we'll all be saved...

It a joke…
"We are completely dependant on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money (at the request of the consumer) we are prosperous; if not, we starve. We are absolutely without a permanent money system.... It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon." --Robert H. Hemphill, Atlanta Federal Reserve Bank,1938...

#20 The End

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Posted 10 March 2003 - 06:31 PM

I know It's early but, I'm still tired soo, Break on through by the doors off their first album. Still short.



Break on through

You know the day destroys the night
Night divides the day
Tried to run
Tried to hide
Break on through to the other side
Break on through to the other side
Break on through to the other side, yeah
We chased our pleasures here
Dug our treasures there
But can you still recall
The time we cried
Break on through to the other side
Break on through to the other side
Yeah!
C'mon, yeah
Everybody loves my baby
Everybody loves my baby
She get
She get
She get
She get high
I found an island in your arms
Country in your eyes
Arms that chain us
Eyes that lie
Break on through to the other side
Break on through to the other side
Break on through, oww!
Oh, yeah!
Made the scene from
Week to week
Day to day
Hour to hour
The gate is straight
Deep and wide
Break on through to the other side
Break on through to the other side
Break on through X4
Yeah, yeah, yeah, yeah
Yeah, yeah, yeah, yeah, yeah
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

#21 PileDriver

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Posted 10 March 2003 - 06:34 PM

Doc's Anals ...

KICK ASS!

All you have to do is believe.

#22 wndysrf

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Posted 10 March 2003 - 06:41 PM

Yeah, watch out for the OE antics coming up.

Tightening trailing stops the rest of the week.

I wonder if we will get any real money leaving the market on this trip down, or if these suckers are going to hold on the whole way down like Doc says.

So far, we are following a shallow glide path. The inverse of the shallow incline path taken on the way up in 1995 - 1996.

Looks like the PM's were the first to get liquidated. Glamazon stocks will be the last to go.....
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The Weimar Run: Bullphoria!!!!

#23 PileDriver

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Posted 10 March 2003 - 06:43 PM

I can't wait for the low. I'm covering and going dong, perhaps the same crap I'm short. The fools like to buy speculative junk.

Decline following my script to a tee...

http://www.capitalst...t=ST&f=2&t=1466

I'll let ya know when #5 nears completion. Could be very soon at this sudden new rate. :lol:

Feel the mist, hear the roar.

#24 swedjap

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Posted 10 March 2003 - 06:51 PM

Hey swedjap -

Welcome to Stoolville!  :lol:

Thanks PD! :)

This is THE PLACE, entertainment and serious exchange of useful info/analyzes at the same time

#25 BAREister

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Posted 10 March 2003 - 06:52 PM

Spiritually combustible???

The whole goddamned house is on fire!!!

The banality or should HRFF say VENALity of this Administration has reached new depths in catering to the insatiate appetites of American corporations who stand to profit by this incipient military misadventure.

Crapvision is announcing that the Bush Administration is taking bids on contractsfrom five major construction and engineering FURms for the rebuilding of Iraq estimated in worth up to $900 billion.

The BARE finds the notion of an invading nation, confident of victory, already planning to line the pockets of it's corporate supporters, prior to hostilities, eerily redolent of Germany in the 1930's.

He also finds the whole scenario of such pre-planning, while logical, simply revolting.

War is plainly being planned and implemented with the objective of economic stimulus, inter alia.

It's midday and The BARE hasn't had any lunch. This has caused him to lose his appetite.

We are about to flatten one of the oldest and most architecturally unique cities on earth, kill and maim tens or hundreds of thousands, many of them innocent or reluctant participants, and then allocate profits to the "lucky" few to "rebuild" the horrific landscape we are about to create.

It's all a bit much for this observer. He finds it hard to believe people who attended schools like he did would do such things. But they are.

oh. one of HRFF's prep school classmates commands a carrier group. Probably one of the five off Iraq right now. The orders he gives, if there, will doom myriad Iraqi lives and cause enormous physical destruction. He was, deservedly, recently held up as an exemplar of professional attainment in the old school's alumni bulletin.
"The sphinx set riddles for people which they could not solve and the sphinx devoured them." Russian poet Ilia Ehrenberg reflecting years later upon the debacle of the Bolshevik Revolution and civil war

"In any case, experience shows people are unlikely to change their ways without a cataclysm of existential proportions" Meinhard Meigel, German economist and demography expert on his prophecy of a Wagnerian abyss of social and economic chaos

"We believe that here is no easy way out of this mess, and that the chance of a benign outcome, while hopefully possible, is quite low." Comstock Partners 3-17-2005

"Not without a shudder may the human hand reach into the mysterious urn of destiny." Junk email promoting the sale of Valium, Viagra, Soma and Cialis. Of course, we AMERICANS need not WORRY about such CLAPTRAP!!!

"The trouble about myths, or lies, is that those who foster them are stuck with them." Edward Crankshaw

"I don't buy the idea that a crash will come without warning. There are always warnings. All crashes have certain common technical preconditions." Doc (snorjt)

"YOU look IMPORTANT. Are you important, or just....WEIRD?"
"Bob I am" at a political gathering, to HRFF, 9-29-04

"Are YOU C.I.A.???"
"No, I'm not "CIA"."
"Well, you sure LOOK LIKE you're C.I.A.!!!"

Lead singer of the rock band KISS to HRFF at a luggage carousel at SeaTac airport circa 1996

"Unlike you, I use words people can understand." Doc

"America at the moment, with its faith-based currency, faith-based economy and faith-based government, might be a heaven for those who love faith, but it's a hell for those of us that respect evidence." The Daily (W?)Reckoning, circa 9-17-04

"What should be clear at this point is that even huge fiscal stimulus and unprecedented financial excess are incapable of fostering a sound and self-sustaining economic expansion. The paramount issue, today and going forward, is the deeply maladjusted U.S. economy and its increasing unresponsiveness to even enormous yet misdirected financial stimulus. Both the Financial Sphere and Economic Sphere are severely maladjusted." Doug Noland's Credit Bubble Bulletin, Aug 24 '04

"U.S. dollar purchasing power relies almost entirely on the difference between interest rates in Japan and the higher rates in the United States." Warren Pollock, Prudent Bear essay circa 9-04

"What about your replacements? the Children. What do we tell them when the whole thing caves in?" HyperTiger

#26 slinger

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Posted 10 March 2003 - 06:52 PM

I think a lot of us stoolies have had a hard time getting our family members and friends and other people we care about to understand why the market is going to continue heading down. I have found a great book that will get the point across to them in layman's terms. It can be found and bought in Doc's store.

Essentially it describes how the baby boomers upcoming selling forced by ERISA will be the ultimate dagger to this market. It also describes how a lot of financial planners' statements and wall street statements are very ignorant and/or blatant lies, the "fox teaching the chickens" is how the author stated it. Most of us stoolies already knew that. For the uneducated people in our lives, though, it will be an eye opener.

My mom finally has understood how much trouble this market is in and the hurt that people are in because of it is just the beginning pebbles of the avalanche.

Well folks, I am back in the saddle again after taking a couple weeks off to be a host to some asian exotica. I hope you all have been making some money!

#27

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Posted 10 March 2003 - 06:57 PM

Genital Electric: (from CBS Marketwatch)

General Electric Co. lost 42 cents to $23.88. While the company said Friday in its annual report that its post-retirement benefit plans contributed $806 million pretax to earnings in 2002, a footnote said the pension plan actually lost $5.25 billion, or equal to 29 percent of its pretax earnings.

General Electric followed accounting rules in reporting pension earnings. Still, officials of the Securities and Exchange Commission said last month companies should go beyond accounting rules to clearly disclose and explain pension results to investors.

Ouch! That's gonna leave a mark!

Plunger

#28 Bizarro-Greenspan

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Posted 10 March 2003 - 07:01 PM

900B in contracts for your buddies.

Sweet,paid for in oil from the liberated ones.

That's a heckuva lot of oil.

Oil for the SUV serfs to motor in comfort.

It's an exquisite plan.

If you are a gangster,that is.

#29 Stoolander

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Posted 10 March 2003 - 07:09 PM

The lack of real selling pressure comes from sheer complacency and WISHFUL THINKING...but the point of recognition is near.  I had a Match.com guest in from NYC for the weekend.  Smart girl, makes six figures, from a wealthy family.  She told me she's very close to giving up on stocks and getting out of the market.  Another victim of Merry Lynching.

There's just not been a shocking day that drives the point home to force her hand.  She may or may not notice that the market was down today, but the market's been down more than this in a day - so no big deal.  

Don't underestimate the significance of the curbs (combined with the blatant PRICE KEEPING OPERATIONS) which seemingly prevented the market from being down 700 points today.  Why panic and sell now? It's only down a couple hundred points!

If this baby were a true, free flowing, supply & demand trading market - it would already be over.

Plunger

Couldn't agree more, that was one of the most orderly selloffs I've seen in quite some time. As gruff pointed out a number of times, that advdecv chart was a thing of beauty, could only be an artifact of trading robots I gotta think.

Posted Image
Credit to gruff

#30 Hiding Bear

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Posted 10 March 2003 - 07:11 PM

On Iraq, a War Struck Journal story reminds us that the US is the largest buyer of Iraqi oil. If we have already declared war against Iraq last fall, as we are lead to believe in last fall's Congressional resolution, then aren't we trading with the enemy?

Anyway on a less serious note, what about the multi-level derivative meltdown - as indictated by drops in those GSEs. Anyone think this is going to blow soon - or is it just not in the cycles now?





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