Jump to content


- - - - -

What do they know that we don't know?


This topic has been archived. This means that you cannot reply to this topic.
312 replies to this topic

#301 OceanBound

OceanBound

    Stock Proctology Intern

  • Members
  • Pip
  • 302 posts

Posted 15 July 2003 - 04:02 PM

Looks like the ramp up!

Notice that Thursday is 89 trading days from the March lows and 21 days from the 1015 high in the Spoo. Both fib numbers. Could be an orderly turn day. :)

#302 crooked_analyst

crooked_analyst

    Associate Professor of Stock Proctology

  • Members
  • PipPipPipPipPipPip
  • 4,047 posts

Posted 15 July 2003 - 04:05 PM

Rich,

Can I borrow some of my money back? :(

#303 Hypertiger

Hypertiger

    Assistant Professor of Stock Proctology

  • Banned
  • PipPipPipPipPip
  • 3,270 posts

Posted 15 July 2003 - 04:05 PM

The banks produce a consumer product out of thin air called DEBT it's main selling feature is "It'll make your dreams come true" and they attach a charge called interest to it that is not created out of thin air...

The only way to make your dreams come true is if you pay the interest charge and the only way to do that is by consumption of more debt with interest charged on it...

Rates are lowered to entice consumers to consume more debt to increase volume so that banks can stay solvent based on increasing volume... If you have a product that is not being consumed in great enough quantities you have to lower the price to increase volume... Eventually the majority of the consumers have consumed the product and the remaining consumers cannot provide more volume... Then you have to raise the price...

Fact: Intrest due to banks is the price you pay to make your dreams come true...

Fact: The only way to pay interest due to banks is by consuming more debt with interest attached...

Fact: Banks can not survive if the rates aproach ZERO unless the volume increases...

Fact: Once volume dries up banks must raise rates but then volume will dry up faster then they can raise rates...Rates must hold or keep dropping forever...

Fact: The product known as debt is the money supply and as long as it is inflating prices will rise...when volume dries up prices, wages and or employment will have to drop to survive on a smaller volume of debt in circulation.

Once the ability for consumers to consume debt reaches it's maximum potential there is no way to maintain the volume to sustain real estate price inflation and equity which is the dream coming true evaporates rapidly... Cascading defaults will begin as the process quickens as more debt creation is impossible to sustain or overpower debt deflation it will climax in a hyperdeflationary implosion of debt... 97% of the money supply of the US is debt which will be wiped out...

Fact For this debt inflationary game to continue "forever" intrest rates have to be lowered forever which is impossible...Are we at the point of the beginning of the end?

If Real estate pops there will be no turning back... So the FED better drive all rates down as low as they can go... and quickly...

what happens when rates have gone as low as they can go and consumers have consumed the maximum amount of the product known as Debt which makes their dreams come true?

Fact: Game over, debt deflation will be impossible to stop...

Beginning of the end now? or in the next 7-11 months it doesn't matter time is very short to come to grips with the grim realities of a vaporising money/debt supply.

The current system has a maximum potential and we are very close to reaching it.

Hyper...How will we know when we have reached it?

When you are crying...
"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...

#304 richmtn

richmtn

    Clinical Professor of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPip
  • 9,004 posts

Posted 15 July 2003 - 04:06 PM

this isn't a "little selloff" in goldville

these things have been nuked

Personally I wouldn't fault the Fed etc for this. Probably the big boyz in the gold pits. They would like to shake out the weak hands so that they can buy more at lower prices AGAIN.

#305 coboy

coboy

    Bachelor of Stock Proctology

  • Members
  • PipPip
  • 792 posts

Posted 15 July 2003 - 04:06 PM

You must be new to Futures and electronic trading

You're correct, I don't even trade futures..

Without MMs, there would be a very scary market as we saw yesterday.        


So, yesterday those MM's suddenly disappeared ?


All I am saying is that, if your agent (broker or MM) doesn't have to make you a market (like specialists of Nasdaq dealers have to do) there may be no bid situations, yesterday probably was one of them.. Also, I am saying that brokers (or MMs) in futures markets usually execute orders for their clients, if you want to sell a contract they don't take the other side of it, order goes to the pit or to globex..

#306

  • Guests
  • 0 posts

Posted 15 July 2003 - 04:06 PM

MOT beats by a penny. Why am I not suprised.

#307 DrStool

DrStool

    Chief of Stock Proctology

  • Admin
  • PipPipPipPipPipPipPipPipPip
  • 83,384 posts

Posted 15 July 2003 - 04:06 PM

Anals 4:00 Intraday Closing Comment

If your portfolio has you feeling irregular, for fast, long lasting relief, take a subscribatory. And support your local Stool!

#308 richmtn

richmtn

    Clinical Professor of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPip
  • 9,004 posts

Posted 15 July 2003 - 04:10 PM

Rich,

Can I borrow some of my money back? :(

I hope none of you guys think I've been making big coin in this market. I've been holding my own so to speak :lol: but big money. NOT.

ps I know you guys are just kidding me. Let's hope this market turns down finally.

#309 crooked_analyst

crooked_analyst

    Associate Professor of Stock Proctology

  • Members
  • PipPipPipPipPipPip
  • 4,047 posts

Posted 15 July 2003 - 04:11 PM

Rich,

Can I borrow some of my money back? :(

I hope none of you guys think I've been making big coin in this market. I've been holding my own so to speak :lol: but big money. NOT.

ps I know you guys are just kidding me. Let's hope this market turns down finally.

Rich,

yes, I am kidding...and also grateful for your charts...even if you took my $$

#310 BartTheBear

BartTheBear

    Master of Stock Proctology

  • Members
  • PipPipPip
  • 1,131 posts

Posted 15 July 2003 - 04:13 PM

Shorted INTC into the close. We'll see how that turns out.

#311 wndysrf

wndysrf

    Dean of Stock Proctology

  • Banned
  • PipPipPipPipPipPipPipPipPip
  • 34,219 posts

Posted 15 July 2003 - 04:15 PM

Looks like "beat by a penny" madness is on.

Seagate beats, Motorola, no doubt INTC will do the same.....
PigMen Proprietary Trading Desk

The Weimar Run: Bullphoria!!!!

#312 gruff

gruff

    Master of Stock Proctology

  • Members
  • PipPipPip
  • 1,440 posts

Posted 15 July 2003 - 04:17 PM

Globex close... ES 100.75, NQ 1297, YM 9114

#313 marmun

marmun

    Stock Proctology Intern

  • Banned
  • Pip
  • 109 posts

Posted 15 July 2003 - 04:30 PM

You must be new to Futures and electronic trading

You're correct, I don't even trade futures..



So, yesterday those MM's suddenly disappeared ?


All I am saying is that, if your agent (broker or MM) doesn't have to make you a market (like specialists of Nasdaq dealers have to do) there may be no bid situations, yesterday probably was one of them.. Also, I am saying that brokers (or MMs) in futures markets usually execute orders for their clients, if you want to sell a contract they don't take the other side of it, order goes to the pit or to globex..

That's very different from your first statement that MMs don't exist on electronic exchanges because orders are matched electronically.

"So, yesterday those MM's suddenly disappeared ?"

Yes -They probably pulled their bids. If you look at the typical sizes on the bid and offer on ES, they are regularly 300-1000 at the first 5 price levels (that's all they let us see now - it used to be more).

So, if at least 1500 - 5000 contracts disappear all at once, without a corresponding sell order, it's likely to be the MMs pulling them rather than because 5000 independent traders pulled their one lots in unison.





Stock market portfolio giving you the runs? See Dr. Stool.

Take a subscribatory!
Download 
The Anals of Stock Proctology now!



The Daily Stool - Stock Market Message Board
Stool's Gold- Gold and Precious Metals Forum
Look Out Below Message Board

Support your local Stool Board.


The Al E. Greenspeuman designer line at Stoolmart. Get yours today! Click here now!
Get Mugged!


Dr. Stool's
Book Search

Enter title, author, or keyword
Just books
All Products





Old Stool Depository

Live Steaming Pile Chart