495 replies to this topic
Posted 04 May 2003 - 10:45 PM
Google, of course. I wasn't thinking. Nonetheless,
A CME official said the outage was caused by problems with global network switches that route data from trading firms to Globex platform.
I was hoping for a better hustle than that. I guess that's all they feel they need to give.
Posted 04 May 2003 - 10:46 PM
Madame and I were discussing over the W/E how we may be on the verge of a kind of global sea change.
Sounds like it could have been written today:
...During one hundred and fifty years we have built up a form of self-government and a social system which is peculiarly our own. It differs essentially from all others in the world. It is the American system. It is just as definite and positive a political and social system as has ever been developed on earth. It is founded upon a particular conception of self-government in which decentralized local responsibility is the very base... It is founded upon the conception that only through ordered liberty, freedom, and equal opportunity to the individual will his initiative and enterprise spur on the march of progress. And in our insistence upon equality of opportunity has our system advanced beyond all the world.
During the War we necessarily turned to the government to solve every difficult economic problem. The government having absorbed every energy of our people for war, there was no other solution. For the preservation of the state the Federal Government became a centralized despotism which undertook unprecedented responsibilities, assumed autocratic powers, and took over the business of citizens. To a large degree we regimented our whole people temporarily into a socialistic state. However justified in time of war, if continued in peace-time it would destroy not only our American system, but with it our progress and freedom...
Herbert Hoover, campaigning for President, preaches the benefits of "rugged individualism" and announces the near "abolition of poverty," New York, NY, October 22, 1928.
Ain't history grand?
A generation which ignores history has no past -- and no future
Posted 04 May 2003 - 10:48 PM
Nice ledge Madame I dunno though. . . when I think of being out on the ledge, my ledge hanging runs more to the Harold Lloyd variety!
Posted 04 May 2003 - 10:55 PM
"Americans can always be counted on to do the right thing...after they have exhausted all other possibilities."
"You can fool some of the people all of the time."
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered."
Posted 04 May 2003 - 10:56 PM
no, thats the joe-6-pack family reunion. they are just beginning the lemming race to the ocean!
Iat least we're all safe for now. thank God we're in a bowling alley.
Posted 04 May 2003 - 11:03 PM
What a slew of responses in record time. Guess that says something about our collective pseudo-psycho-social-emotional-what have you condition at 11pm on this fine Sunday night, awaiting ......
By the way, the number of posts on this weekend's M2M must be a record, no?
Posted 04 May 2003 - 11:12 PM
w re to book Practical Speculation
There's just one little fly in the soup: 99% of the other news outlets are completely ignoring it. You see, we wrote some rather critical things about the financial media. What's more, we upset both value and technical analysis partisans by testing and debunking their most cherished myths and heroes. We carefully documented all of our conclusions--but that hasn't stopped us from being dismissed!
"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
Posted 04 May 2003 - 11:17 PM
Funny line:ChiBear, The point here is not whether these insiders are "bullish" or "bearish" on their stocks or whether they are selling to raise cash for a good cause, I am all for that. The point here outside of MSFT and DELL is that all throughout the BEAR, insider selling as a whole swoons the hardest in the last month of a BMR top.
"It is not likely that there are many shorts left to plunder. Thus, we may have a total bullish camp except for some odd bear traders."
That is us - "some odd bear traders".
Posted 04 May 2003 - 11:24 PM
Possibly. There has been some incredible stuff put out on M2M this weekend. Thank you to all but, for me Madame, the one thing to keep in mind from the weakend M2M for me going into Monday are those 4 charts you posted on Friday. Those charts are the long and the short of it (no pun intended).
Posted 04 May 2003 - 11:35 PM
It's already happening. Take off the blinders!
Posted 04 May 2003 - 11:44 PM
Great posts everyone!
-TCH I enjoyed the link to Bill F.
Most of the people I talk to are very bullish consistent with the quote below....
From todays Columbus Dispatch
Ron Carter, Asst. Bus. editor " When you catch a good wave, theres only one thing to do- ride it until there is nothing left. The same could be said for a market that is getting a boost from the end of the war in Iraq, a drop in gasoline prices and other good news. There 's no reason to feel negative in such a climate. Prediction: Dow up 193 points for the week."
I wonder what he means by "other good news" Nice contrarian signal though!
-I have my parachute on... I think we are headed down.
Posted 04 May 2003 - 11:52 PM
somehow somewhere somebody is going to have to step up to the plate and legislate the necessity for making patients and physicians write pre-nuptial agreements:By and large, I don't even bother dealing with smokers. If you smoke, you aren't even going to be able to get into the office to see me for elective surgery. Waiting list is too long to put up with someone who has, in some cases depending on the type of surgery indicated, a doubling of the major complication rate. If you do quit, great. All you have to do is have a urine nicotine test immediately prior to surgery. If you pass, great. If you don't, see ya.
If you do this once more you will get a size 12 up your keister--if you do that no more of this for you--hey you diabetic fatso number 1;if another lil debbie goes down your gullet into that metabolic inferno of yours one more time im getting aprofessional divorce--
And you,yeh you Cocaine dumbo,one more spasmodic life-threatening episode involving a quarter of a million tax dollars worth of effort and you get thrown on the dung heap of history
Ill never forget an incident,in my neighborhood shopping center;a multiple shooting occured moments before i arrived[one schmuk was lieing on the median strip,a bullet in his leg,groaning;a 1oo ft away i see a crowd around another prostrated citizen,crowd mumbling drug shootout ,chest wound,as i approached-- and there like a male maddona and child,the wounded mans friend crying out ,When are they going to come?
When ? When ? and from a mouth of one of,according to nabors,one of the filthiest anti-social shitheads in all of creation--a hater and despiser of all remnants of civil socciety except when it applies to him and his pals in a jam--then they cry to high heaven for angels of mercy to come and save them from pain and death--
And then red trucks and oxygen tanks and years of treaining and bandages and decent sentiments about being allright and we'll take care of you arrive,
I suppose somewhere in the hearts of the wounded pushers a faint scintilla of respect for society is instilled at what price? I.d estimate it as being about a qyarter of a million dollars an ounce--
Posted 05 May 2003 - 12:01 AM
Sorry, but any profits you've earned trading, either real or imaginary, are not attributable to the motion of the planets in our solar system.
Posted 05 May 2003 - 12:04 AM
The following link is a classic funny and should be added to the capitalstool's turd hall of fame. Can one of the moderators download this and ask Doc to add it to the site somewhere. The link only allows downloading 5 meg every 3 hours, so apologies go out to the stoolies that can't listen to it immediately. Turn up your speakers to max on this one...
Jackie Mason ripping the anal cyst's a new one
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