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Stranger Than Fiction, Part 3


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#31 machinehead

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Posted 01 August 2003 - 09:19 AM

Six-month T-bills now quoted at 1.02/1.04% on Bloomberg ... up from under 0.90% a few weeks ago.

Money market now softly hinting that short rates may have to RISE by early 2004.

Al and Benny's vaudeville act pelted with tomatoes.
"GOLD -- it's not just for misers anymore."

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

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#32 MyGoldenStool

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Posted 01 August 2003 - 09:20 AM

For a dismal day........................That picture...............MH & Yanevano.................................

Really made me laugh out loud.............For the first time in a while.................

Look at the bright side- business will be booming for you for years to come- BK attorneys will be the new growth occupation.

Stupid question- If they're broke, how do they pay the attorney's fees? :rolleyes:

#33 Bearbones

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Posted 01 August 2003 - 09:21 AM

How about those unconventional measures? Doesn't look like the FED has been able to do anything to control the yield curve. Let alone "keep rates low until an economic recovery takes full hold."

Ben, what say you?

Sir Softpatch and his band of merry men have started the process of losing all credibility. Barring 5% growth in the second half of this year the masses will come to the realization that the FED cannot wave a magic wand and control a $10t economy. As this reality grips the nation we will enter the bitter part of this bear market.

The Fed has its hands full trying to keep the money supply from imploding. What kept the system going was mortgage refis which have created a Golem in the form of mortgage portfolios that control and amplify the bond market movements. That Golem is now preying upon its creator, i.e., the Fed.

#34 morass

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Posted 01 August 2003 - 09:22 AM

I'd like to breifly restate forum rules.

In general, observe copyrights. Please post only a snippet and a link to copyrighted material. Do not repost any articles in full without the publisher's permission.

IDS is for short, trading related posts, news bulletins, and humorous diversions. Longer posts should go on Look Out Below, or other appropriate forum.

No attacks on fellow stoolies. If you have a beef with someone, take it up privately via email or private message.

No sexist or racist remarks, or ethnic stereotyping. I am cracking down on this stuff as of now. Fair warning.

No political comments on this thread. Political comments belong on the Political Stool forum.

Moderators are instructed to delete posts which violate these guidelines, after counting to 10 and applying reasonable judgement.

If we all follow these simple requests, everyone's experience here on IDS will be enhanced. It's ok to have fun with off topic stuff. Just keep it short.

Many tanks!

Doc

Hay Doc, you forgot drinking while posting and substance abuse while posting abuse. Just cuz its early AM donít mean we cant drink breakfast and get routy.

#35 Tchaikofsky

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Posted 01 August 2003 - 09:23 AM

Investors out-psyche themselves

Individual investors have missed out on almost all of the stock returns simply by trading too much.
July 30, 2003: 4:07 PM EDT

WASHINGTON (Reuters) - Individual investors have gotten so good at buying high and selling low that they've lost almost all of the stock returns that were out there, just by trading too much, according to a new study.
. . .
Buy the overall market and stay in it.

Try being a little contrarian around the edges. If the market seems to be spiraling downward, don't sell, buy.

Use dollar cost averaging. Direct your bank to send money to your favorite fund every month and invest it fully.

Record-low interest rates mean bond prices are higher than they have been in a very long time.

Sure, they could continue to rise. It's more likely that new buyers who are following what's been a fabulous market for three years running are once again going to get bloodied by their emotions.

============================

Where are my binoculars? :blink:

#36 longOnUranus

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Posted 01 August 2003 - 09:30 AM

Al's gonna try a new approach...Slam Gold and Rally the Bonds...who'd a thunk it?

This could be the start of a general liquidation into...well...liquidity. Lance Lewis & Roger Arnold ('nailed yesterday's 3PM drop at 11AM, I might add...wow) have been saying for a while that the start of the next downturn would see a generalized liquidation. "Nowhere to hide" kinda thing.

Maybe why everything including gold is going down this AM. I 'spect bonds may be a buy later today, we'll just have to see...Silver holding up for now.

#37 Bird D Durr

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Posted 01 August 2003 - 09:31 AM

For a dismal day........................That picture...............MH & Yanevano.................................

Really made me laugh out loud.............For the first time in a while.................

Look at the bright side- business will be booming for you for years to come- BK attorneys will be the new growth occupation.

Stupid question- If they're broke, how do they pay the attorney's fees? :rolleyes:

Great Question.....................

Sordid Answer: The Good Ole Politicians & Attorneys who wrote the bankruptcy code..........................

Made sure THEY GET PAID FIRST BEFORE ALL OTHERS..............with the exception of ridiculous examples I won't get into.............

Bankruptcy attorneys, for the most part, take their cut up front......out of the debtor's depleted assets......No questions asked or answered until that time.....................

"That's America To Me" - Frank Sinatra

#38 DrStool

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Posted 01 August 2003 - 09:31 AM

morass-

yeah, that too! I definitely don't want anyone getting "routy" in the morning. :lol: :lol: :lol:

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#39 mjkst27

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Posted 01 August 2003 - 09:32 AM

Rick Santelli: "Last week banks sold $70 BILLION in fixed-income securities, the largest total since record keeping started in 1947.

"The FIRE IS STILL RAGING in the fixed income markets. Short rates now discounting Fed TIGHTENING istead of easing." :o

what'd Dr. MJK tell ya the other night on M2M, eh? :P :lol:

right, like I know what I'm talking about

which brings up a question

I thought banks had been buying treasuries over the last few months, in expectation of nuclear winter, instead of lending to businesses (per Doc's bank credit analysis on fed releases turds days). Now they are dumping every bond in sight? Do they believe that strongly in econmic recovery? What gives? Anyone have some big picture perspective on this?

#40 soup

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Posted 01 August 2003 - 09:33 AM

what is the symbol for gold on IB? Front month? Thanks
""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

#41 mjkst27

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Posted 01 August 2003 - 09:34 AM

How about those unconventional measures? Doesn't look like the FED has been able to do anything to control the yield curve. Let alone "keep rates low until an economic recovery takes full hold."

Ben, what say you?

Sir Softpatch and his band of merry men have started the process of losing all credibility. Barring 5% growth in the second half of this year the masses will come to the realization that the FED cannot wave a magic wand and control a $10t economy. As this reality grips the nation we will enter the bitter part of this bear market.

great post

#42 DrStool

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Posted 01 August 2003 - 09:35 AM

This could be the start of a general liquidation into...well...liquidity. Lance Lewis & Roger Arnold have been saying for a while that the start of the next downturn would see a generalized liquidation.

And somebody else we know. ;)

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#43 GregFokker

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Posted 01 August 2003 - 09:36 AM

what is the symbol for gold on IB? Front month? Thanks

GC3Q

...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


#44

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Posted 01 August 2003 - 09:37 AM

Sold my long position in XLNX at 26.38. Didn't like the employment report. In cash now.

#45 MyGoldenStool

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Posted 01 August 2003 - 09:39 AM

For those interested-

Live Headline
01-Aug-03
09:01 ET JP Morgan adds Brooks Automation, ASML Holdings to Focus List : JP Morgan adds BRKS and ASML to their Focus List, saying the recent activation of numerous fab projects should spark an order surge for automation and other long lead-time capacity items in 2H03; firm also cites compelling valuations; target for BRKS is $51, target for ASML is $29. :lol:





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