Jump to content


- - - - -

Bubblemania, Big Time


This topic has been archived.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

#31 TheMotleyStool

TheMotleyStool

    Stock Proctology Intern

  • Members
  • Pip
  • 498 posts

Posted 16 July 2003 - 09:34 AM

Does anyone play the 3 AM blastoffs? I mean, they almost never suddenly decline steeply, but often rise sharply. Using some nice stops, you should be able to consistently make a profit.

#32 soup

soup

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 11,230 posts

Posted 16 July 2003 - 09:35 AM

machine: DO you think alfie tries to throw a life line to the bonds today?
""Pretty bubbleheads preen daily on our financial networks, playing the shill to Wall Street and Washington in order to lure unsuspecting Americans into buying insanely overvalued stocks. The great market exchanges, once prudent arenas of investment where the engine of capitalism traded value for value, have become sham casinos staggering under decades of massive Fed created debt and lurching into oblivion on the greater fool theory. Yet our high level bureaucrats, led by Alan Greenspan, exhort all Americans to consume still more of their seed corn and seek still more fools." N. Hultberg

#33 DrStool

DrStool

    Chief of Stock Proctology

  • Admin
  • PipPipPipPipPipPipPipPipPip
  • 83,390 posts

Posted 16 July 2003 - 09:35 AM

Anals Intraday Update No. 1

Suctor Watch If you think the market's going higher, have a look at these charts.

Subscribe to the Anals and get access to Suctor Watch RIGHT NOW!

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

#34 crooked_analyst

crooked_analyst

    Associate Professor of Stock Proctology

  • Members
  • PipPipPipPipPipPip
  • 4,048 posts

Posted 16 July 2003 - 09:36 AM

Does anyone play the 3 AM blastoffs? I mean, they almost never suddenly decline steeply, but often rise sharply. Using some nice stops, you should be able to consistently make a profit.

Not since I was younger and dating.... :D

#35 strikerm3

strikerm3

    Master of Stock Proctology

  • Banned
  • PipPipPip
  • 1,533 posts

Posted 16 July 2003 - 09:36 AM

That's what a cafe waiter said in Amsterdam, when I was confused about the dollar-guilder exchange rate and tipped him almost 15 dollars.

so what caused the real confusion? :lol: what kind of bar was that? B)

#36

  • Guests
  • 0 posts

Posted 16 July 2003 - 09:37 AM

Try this before Google fixes it:

1) Go to Google
2) type in (but don't hit return): "weapons of mass destruction"
3) Hit the "I'm feeling lucky" button, instead of the normal "Google
search"
button;
4) read what appears to be a normal ERROR message CAREFULLY.

#37 Guest_AssMaster_*

Guest_AssMaster_*
  • Guests

Posted 16 July 2003 - 09:37 AM

CATS - Catalyst Semiconductor
P/E (according to Fido) - 18

#38 DICK BUTTkus

DICK BUTTkus

    Stock Proctology Intern

  • Members
  • Pip
  • 155 posts

Posted 16 July 2003 - 09:39 AM

That's what a cafe waiter said in Amsterdam, when I was confused about the dollar-guilder exchange rate and tipped him almost 15 dollars.

That's not exactly what I heard during a similarly confusing visit to a New Jersey gas station about 20 years ago. Since I hail from flyover territory where patrons pump their own gas, I assumed this advanced practice also applied in the Garden State. Wrong assumption. After I had filled my tank I went in to pay the station attendant who was sitting back with feet propped up and a haughty grin on his face. "Nice doin' ya" were his exact words.

#39 strikerm3

strikerm3

    Master of Stock Proctology

  • Banned
  • PipPipPip
  • 1,533 posts

Posted 16 July 2003 - 09:39 AM

Weill Steps Down as Citi CEO; Prince Named as Replacement

Posted Image

This is getting funky.

fuki, love the new avatar. That Asian mama looks hot....those shorts are pulled up nicely in front of the stadium of fans. Im sure shes pretty popular... :P

#40 Bearman

Bearman

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 14,811 posts

Posted 16 July 2003 - 09:41 AM

D- Day one step closer :lol:

#41 soup

soup

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 11,230 posts

Posted 16 July 2003 - 09:43 AM

sox red?
""Pretty bubbleheads preen daily on our financial networks, playing the shill to Wall Street and Washington in order to lure unsuspecting Americans into buying insanely overvalued stocks. The great market exchanges, once prudent arenas of investment where the engine of capitalism traded value for value, have become sham casinos staggering under decades of massive Fed created debt and lurching into oblivion on the greater fool theory. Yet our high level bureaucrats, led by Alan Greenspan, exhort all Americans to consume still more of their seed corn and seek still more fools." N. Hultberg

#42 strikerm3

strikerm3

    Master of Stock Proctology

  • Banned
  • PipPipPip
  • 1,533 posts

Posted 16 July 2003 - 09:43 AM

You're right. The patient is terminal.

But a triple dose of Oxycontin, crank and BC bud will have him feeling fine for a few hours, before he checks out for good.

Enjoy the last party; that's our future going up in smoke.

BC, Amsterdam, we should all get together. Wyndy can bring the gold coins for the ladies.. B)

#43 Guest_Icky Twerp_*

Guest_Icky Twerp_*
  • Guests

Posted 16 July 2003 - 09:44 AM

Richard Russell July 15th commentary:

http://tinyurl.com/h3ls

Host site contains other content that may be offensive to some. No endorsement implied.

Gee, in addition to your own ineluctably prescient comments, the importance of the research you bring to stoolville makes your absences all the harder to bear...

#44 mjkst27

mjkst27

    Professor of Stock Proctology

  • Banned
  • PipPipPipPipPipPipPip
  • 5,012 posts

Posted 16 July 2003 - 09:47 AM

From Brian Reynolds in minyanville.com


Remember that Treasury yields had already moved to low levels in April before we got the rally in May from amateur bond speculators who piled into the market.

To me, that rally was like pouring gasoline on a smoldering fire, and refis surged to record levels because of it. Now, those amateurs are gone, chased out of the market yesterday when Greenspan dashed their hopes that the Fed would start buying Treasuries hand over fist, and bond yields have risen to where they were in May before that last rally began.

That rise in yields shuts off new fuel from being added to the fire, but it doesn't remove what was added. We've had two months of super-strong refi applications that are locked in and will close sometime between Labor Day and Thanksgiving, and refis will still continue at a well above normal pace with the 10-year at around 4%. I don't think that the Treasury market even begins to impinge on the economy until approaches the 4.50% area (and that is subject to change, and is a function of how quickly it moves).

As I've written numerous times in the past, I think the major driver in this type of environment is the corporate bond market, not the Treasury market. In order of importance, I'm looking at the tone of the market (can companies access it after being shut out last year?), spreads (how risk-averse are investors) and, in a distant third place, price. All three factors are much better than they were a year ago. The yield on a typical junk bond has gone from 14% in October to 9% now; a few basis points in yield on Treasuries one way or the other isn't going to make a big difference when compared to that kind of move.

read Doug Noland archives at PrudentBear.com. The reflation of the corpse bond market is exactly what Bernanke and Greenspan were after with their reflation attempts. The banks won't lend to corpses, but schmucks will, because schmucks chase yield in a low interest rate environment. None of this is a sign of a strengthening economy.

#45 richmtn

richmtn

    Clinical Professor of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPip
  • 9,004 posts

Posted 16 July 2003 - 09:48 AM

The bottom line here, is that none of you are right. The market is right, Doc is not right, OY, SG or anyone. The problem is that when we follow one of them because they are right sometimes, we tend to overallocate based on their guesses and that is where we get hurt. Fib numbers, Gann, stars, moon, its all a joke when you lose and they are gods when you win.
I have traded with some of the "best" and it all comes down to one thing, ALLOCATION.
Over allocate and you WILL lose.

Set stops and create a system that eliminates discretion at the operating level. It has been fun reading this thread.

Have a good life.

Wow JOINED March 4 2003. Are you the one that brought us all the bad luck? :lol:





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