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And Keep Asking Those Questions


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#1

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Posted 18 December 2002 - 08:22 AM

From inspiredinside.com:

The Wisdom of Today

By Eric Jordan

We often wish for more, without realizing that life's most precious treasures, are often within the palms of our hands.

It is not success, but rather the journey there, that often makes our lives complete.

We are most at peace with the world, when we accept the wonderful and amazing creature. . .that is. . .ourselves.

When we give our all TODAY; and look forward to giving tomorrow the same, then there is no reason for regretting our yesterdays.

Despise not the past, for in it lies the wisdom of today, and the hope of tomorrow.


To me this ties right in with Allie's words from Monday PM:

. . . life, all life, is about asking questions, not about knowing the answers. It is wanting to see what's over the next hill that keeps us all going. . . .

The journey there is truly the most important aspect of this, the journey where we get to ask the questions, the journey to see what's over the next hill. Speaking for myself I spent a large portion of my earlier life totally focused (obsessed) on what the destination (answers) was without much appreciation for the journey itself. And writing these twice-daily commentaries for the past five and a half months has given me an even greater appreciation of the validity of what I'm sharing with you this morning.

So please keep this in mind the next time Mr (Ms?) U-no-what doesn't agree with your opinion of what he (she?) should be doing. Realize how simply amazing it is that we're all here together on this particular journey through the magic and the wonder of the Internet and how our lives are made better as a result.

And keep asking those questions.

#2 DrStool

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Posted 18 December 2002 - 08:29 AM

Good morning!

Have you had your Golden Stool today? along with Uncle Buck too.

I see good things in our futures.

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#3 ArdentGuy

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Posted 18 December 2002 - 08:53 AM

Speaking of questions: On Dec 23rd the changes to the NDX (15 worst thrown out -- 15 high flyers added in) become effective. How is this done without causing a massive gap up in the index and its associated tracker: QQQ? :unsure:

(I should probably know how they achieve a smooth transition....but I don't)

#4 DrStool

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Posted 18 December 2002 - 09:13 AM

Any time an index is changed, they adjust the divisor.

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#5 ProlerBear

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Posted 18 December 2002 - 09:15 AM

Posted Image

#6 richmtn

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Posted 18 December 2002 - 09:15 AM

Welcome nincompoop. Nice avatar. I'm anxious to hear more from you on cycle theory and avoiding curve fitting.

Posted ImagePosted ImagePosted Image

#7 ArdentGuy

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Posted 18 December 2002 - 09:15 AM

Speaking of questions: On Dec 23rd the changes to the NDX (15 worst thrown out -- 15 high flyers added in) become effective. How is this done without causing a massive gap up in the index and its associated tracker: QQQ? :unsure:

I think I figured it out: The NDX and the QQQs are kept "smooth" through the transistion because of the weighting of each component. I guess they re-weight each component on the day of the change. So all 100 components will be reassigned weighting numbers after the close on Friday so that the NDX will not gap either way.

Sorry to use up your time....just a brain fart on my end!

#8 DrStool

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Posted 18 December 2002 - 09:16 AM

Well, what a nice surprise. Many tanks Nincky! Anotehr winning name ofr the Stoolie Name Hall of Shame. :lol:

I think at the end of the day, I'll have to remember to split out that post and put it in Eau d'Stool.

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#9 GregFokker

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Posted 18 December 2002 - 09:22 AM

The US Dollar
Posted Image
Credit: http://quotes.ino.com

Gold
Posted Image
Credit: http://cdchart.innovative-software.com

...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


#10 phatbubble

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Posted 18 December 2002 - 09:23 AM

First post. [....] I've been lurking for months

hey, nincompoop. glad to see that your not posting till now didn't affect your ability to produce a truly disturbing avatar. i'm gonna have to go see 2 Towers tonight to forget about it.... :D
Quod Severis Metes

Your life is the sum of a remainder of an unbalanced equation inherent to the programming of the Matrix. You are the eventuality of an internal anomaly, which despite my sincerest efforts, I have been unable to eliminate from what is otherwise a harmony of mathematical precision. While it remains a burden assiduously avoided, it is not unexpected, and thus not beyond a measure of control. Which has led you, inexorably, here.
You haven't answered my question.
Quite right. Interesting. That was quicker than the others.

#11 DrStool

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Posted 18 December 2002 - 09:24 AM

AG- Just a single divisor for the total. At least that's how Dow Jones does it. Seems a lot simpler than adjusting 100 indvidual stocks, although the result is the same.

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#12 DrStool

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Posted 18 December 2002 - 09:26 AM

Stoolwethers

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#13 Goldmember

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Posted 18 December 2002 - 09:30 AM

Oh my, where to begin! Third largest bankruptcy, Micron realizes their chips are worth about the same as potato chips, and the potato chips may even be worth more eventually as commodities continue to escalate. I'll have 512 pringles please!

Nice draining operation by Uncle Al to make our day today would be very nice! I need some serious down action here. Old stool options expiring Friday could use a little cliff diving by the underlying! Look out below........
Anthony caused pearls to be dissolved in wine to drink the health of Cleopatra; Sir Richard Whittington was as foolishly magnificent in an entertainment to King Henry V; and Sir Thomas Gresham drank a diamond, dissolved in wine, to the health of Queen Elizabeth, when she opened the Royal Exchange; but the breakfast of this roguish Dutchman was as splendid as either. He had an advantage, too, over his wasteful predecessors: their gems did not improve the taste or the wholesomeness of their wine, while his tulip was quite delicious with his red herring.here

#14 simple guy

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Posted 18 December 2002 - 09:30 AM

SG rings the bell

Well... as doc says this morning (my apologies Doc)
Still, there's more work to be done in this market that's chewing up everybody. Everybody, that is, except those who recognize it for what it is -- a yet another huge distributional top, trading range.

Have to agree. Since my E wave stuff is mostly focused on the NDX and QQQ's , NAS right now... here goes

As I've been nauseating for over a week now, we are in trading range between 975 NDX (gap yet not filled) and 1051-1065 NDX ( gap MAY HAVE been filled yesterday, but a mild re-trace if so)

So... Here and there I have gamed the tape at high ends of channels, and covered at low ends... but Santa Claus Rally??

No! More like Santa Claus trading range is all......

E waves to me still unclear. I still think we are in mild corrective moves of a 2nd E wave and we should take the NAS to 1420 to 1440 (1410 yesterday was close) and Q's to 26.40 to 26.80

So, until then.... I'll sit in cash and watch....its rather fun watching bulls and bears squirm in the meantime.

Finally... did anyone really get surprised by MU blowing up?? Maybe they can make it up in volume...heh heh

#15 ProlerBear

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Posted 18 December 2002 - 09:31 AM

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