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#436 chibear

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Posted 31 July 2003 - 04:00 PM

oh, okay.

Filled at 110-17/32 on T-note futures (closed short).

I'll watch from the sidelines. There will be lots of black scary headlines about bonds tonight, which may set up some contrarian action soon.


I wonder if the mainstream media even reports on bond surges.

In any case, this bond action, against the backdrop of recent econ numbers, looks like a rejection of the Roach scenario, at least for now.

Stay tuned.

#437 soup

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Posted 31 July 2003 - 04:01 PM

turing to biz news, the dow was up 28 points in quiet listless summer trading.
""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

#438 AgentSmith

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Posted 31 July 2003 - 04:01 PM

Looks like the longs got an old-fashioned Hulk Hogan boot to the head. :o

Can you believe I shorted near the top and am break-even now?

Bog. Miller must be soaking up lots of shares. Silly me, I should know better by now and follow the Pile method of Trading. My deep hate for this POS AMZN surfaces.

As I write this I see it's just popped up .40 cents in 1 minute...sheesh.

AS

#439 PileDriver

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Posted 31 July 2003 - 04:01 PM

just waiting for those damn BPIs to finally break down from their OD on Viagra. :lol:

Then everything confirms [internal] downtrend.

#440 machinehead

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Posted 31 July 2003 - 04:02 PM

I wonder if the mainstream media even reports on bond surges.

RARELY. So when they bother to notice, it's usually an extreme and you can fade them.
"GOLD -- it's not just for misers anymore."

"Dollahs -- fire-starters for the K-wave winter." - Drano

"Three humps and a dump." - anotherone, 21 SEP 2004

"No gold was harmed in the making of this movie." - Bizarro Greenspan

[i]"Da Track. Da place where Morons bet on Animals Controlled by Criminals."
- our jickiss

#441 BartTheBear

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Posted 31 July 2003 - 04:03 PM

From M. Norman at RMoney.com

Between June 1980 and May 1981, 10-year note yields went from 9.78% to 14.10%. That's about the same rise percentage-wise, though it took a lot longer. But heck, look at the absolute rate increase. Wow! So you've gained 1.5% now. Big deal. Rates are still low.

This same idiot trumpeted a drop in the fed funds from 1.5% to 1.0% as huge, a 33% drop.

What a f*cking wise guy.

I hate that guy.

#442 PileDriver

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Posted 31 July 2003 - 04:05 PM

http://www.feargreed.com

Second paragraph down on left :lol:

#443 machinehead

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Posted 31 July 2003 - 04:05 PM

turing to biz news, the dow was up 28 points in quiet listless summer trading.

I love that deadpan delivery, soup. It's the key to your stand-up schtick.
"GOLD -- it's not just for misers anymore."

"Dollahs -- fire-starters for the K-wave winter." - Drano

"Three humps and a dump." - anotherone, 21 SEP 2004

"No gold was harmed in the making of this movie." - Bizarro Greenspan

[i]"Da Track. Da place where Morons bet on Animals Controlled by Criminals."
- our jickiss

#444 Crapper John

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Posted 31 July 2003 - 04:05 PM

Tpark,

I just got up close and squinted at your avatar. Until just now, I always that that was a picture of raspberry syrup being poured onto pancakes.

Honest.

Me too. The maple leaf subliminaly made me think of syrup, maple syrup.

#445 FeedFool

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Posted 31 July 2003 - 04:05 PM

turing to biz news, the dow was up 28 points in quiet listless summer trading.

Up 33 points in extremely positive trading session :D :D :D

#446 longOnUranus

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Posted 31 July 2003 - 04:06 PM

I hope the fundies sent the monthlies out before the close (isn't 3:30 their witchng hour)? Who ever said this market was rigged? They got their window dressing, we got our beef intestines hanging in the window.

Dead rabbits next.

#447 osiris

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Posted 31 July 2003 - 04:07 PM

bullseatshitndie and who ever posted that quote avbout the 10yr fib ret of 3.82 being 4.51, thatnks for the heads up. Sharp rebound in 10yrs (TYU3) off lows http://www.futuresou...e=SMALL&x=0&y=0

and SPU3 can't get above its highs, then rolls over. http://www.futuresou...=V&varminutes=5

check the chart action 2:15-2:30



Guy from the Merc on bloomberg Peter Yastrow of MANN i think it was, was just on talking about the yield run-up, and also noting that an asset allocation trade took place as those models move out of equities into some of the higher yield

Awhile back on M@market i posted that Art Cashin was saying traders on the floor were looking at the 4.00% level and higher on 10 yrs as a level that could be trouble for equites, well i guess it was 4.51%

#448 PileDriver

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Posted 31 July 2003 - 04:07 PM

"the pause that refreshes"

Yeah, a ~100% rally retracement :P

#449 roidrage

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Posted 31 July 2003 - 04:08 PM

From M. Norman at RMoney.com

Between June 1980 and May 1981, 10-year note yields went from 9.78% to 14.10%. That's about the same rise percentage-wise, though it took a lot longer. But heck, look at the absolute rate increase. Wow! So you've gained 1.5% now. Big deal. Rates are still low.

This same idiot trumpeted a drop in the fed funds from 1.5% to 1.0% as huge, a 33% drop.

What a f*cking wise guy.

The "heavy users" of credit are spread traders. These percentages are real to them. That's the margin in their business.

What would you have done in your restaurant if your spread was cut in half?
You make less money, and hope that half of your competition will go out of business. Coin toss.

oops. scottcardiff - now i get which part is the wiseguy and which part is you. he is an ijit.

Edited by roidrage, 31 July 2003 - 04:11 PM.


#450 BartTheBear

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Posted 31 July 2003 - 04:08 PM

Just like those criminals to bring down and park it right at support.





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