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#16 GregFokker

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Posted 19 December 2002 - 09:59 AM

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

Gold
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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


#17 Charmin

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Posted 19 December 2002 - 10:02 AM

NEW YORK (Dow Jones)--The Federal Reserve Bank of New York is making some minor procedural changes to its process of draining reserves from the banking system in times of a temporary excess of liquidity.

The bank announced Tuesday that going forward what had been called "matched sale purchases" will now be called "reverse repurchase agreements." Under either name, the procedure is used to temporarily bleed off liquidity in the banking system as the operations desk of the New York Fed adjusts bank reserves in accordance with the monetary policy goals of the Fed.

"While the economic impact of (reverse repurchase agreements) is identical to (matched sales), the use of (reverse repurchases) is standard market practice," the bank said in a statement. The bank says this change will also aid in accounting procedures at both dealers and the Fed, and will require some modest technical changes to settlement procedures.
Cycles + Wyckoff + NTM = TechnoPile
A true Master averts disaster

#18 Charmin

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Posted 19 December 2002 - 10:05 AM

WASHINGTON (Dow Jones)--The negative wealth effects of the stock market downturn that began in early 2000 have yet to completely play out and may dampen consumer spending for some time, a Federal Reserve economist said Wednesday.

"Negative wealth effects could be a drag on spending growth for some time to come," Michael G. Palumbo, an economist in the Fed's division of research and statistics, told a conference sponsored by the American Enterprise Institute.

Whereas the $12 trillion increase in equity values from 1995 to early 2000 should have boosted spending by $480 billion, the $7.5 trillion drop in equity values since the stock market peak in early 2000 should lower consumption by $300 billion over the next three to four years, Palumbo said.

Federal Reserve Chairman Alan Greenspan has said the reversal of the wealth effect this year has been "significantly tempered" by the continued rise in home equity wealth. This rising home equity wealth has been a "significant support to consumption during a period when other assets were declining sharply," Greenspan said in November.
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#19 sweefraapp

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Posted 19 December 2002 - 10:05 AM

Weekly on crappy gold stock.
I own some @ .08

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#20 ShamPoo

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Posted 19 December 2002 - 10:06 AM

This is how Beefing.con reports it:

SEMI reports that the book-to-bill for semiconductor equipment manufacturers came in at 0.79 for Nov. This figure is ahead of Salomon Smith Barney's forecast of 0.71. The Oct reading was revised to 0.78 from 0.73.

See, itís better. All the borkers are reporting improvement also. GS, MWD, LEH

Everything is better then expected. Thrilled.

Watching Al today. is it a 2 B add? 2B here, 4 B there. Buba billion bubble boobs.

#21 Drano

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Posted 19 December 2002 - 10:06 AM

Wouldn't a "reverse re-purchase" be known in English as a "purchase"?

Tell me if I'm not un-wrong on that. :lol:
Of course I'm caustic!

#22 GregFokker

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Posted 19 December 2002 - 10:11 AM

Charmin, do you have a link for that first story on the MSPs?

...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


#23 sweefraapp

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Posted 19 December 2002 - 10:13 AM

I'm ready to go in deeper and put on some Jan/Mar/Apr puts on IBM and JPM, but will wait a little. Need to see the update and a few other things. Bleeding Weakeconomic Spindicators will be out @ 10AM.

#24 mobhasmorescruples

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Posted 19 December 2002 - 10:14 AM

Greenie on the bat phone at 6 AM.....get the presses rolling....short more Gold....The sheep will be watching Crapvision and we need to put on a agood show......get ready to ramp the futures Spock....Aye Aye Capn....But capn Greenie, she cant take no more, I am afraid shes about to blow........SPOCK I said give er all shes got dammit! But capn, ....SPOCK give er all shes GOT!!!! Ill go down with this ship , but first we gotta take everyone else down first!!!

#25 longOnUranus

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Posted 19 December 2002 - 10:17 AM

closed all XAU calls yesterday, meteoric activity reeks of short squeezing. 'Twas a good run but needs a pullback. Anxiously await COT tommorow. I also closed some (1/3)calls last week at 330 per Mr. Sinclair; perhaps in retrospect his advice will be sage, but I HATE missing the last 20 points, which for gold, is a quite substantial move.

All in all, we bears should be quite happy campers. Mostly cash now; may do a swing long at 885 if it appears to hold.

#26 GregFokker

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Posted 19 December 2002 - 10:19 AM

If anyone thinks that they're reposing in pleasant cloud of cigar smoke punctuated by aged port and beluga caviar over at the fed building, in an orgy of yuletide bien Ítre presided by the aged-but-groovy Al Green, think again.

...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


#27 rog

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Posted 19 December 2002 - 10:19 AM

LEH Profits from principal transactions +233% yoy. Translation we have been gaming charts short & long in order to generate profits because every one of our businesses is sucking wind.

#28 roidrage

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Posted 19 December 2002 - 10:20 AM

WStoolJ has a manufacturing article:

"The rush to manufacture in China is backfiring on many US brands in an insidious new way: Sometimes their own suppliers flood the market with their goods, stealing sales and damaging the brands' cachet."

Gee, I'm surprised. As someone pointed out yesterday, many US big businessmen aren't good at running their operations. China WTO was a jamjob by greedy, unskilled businessmen, and now they are being hoist on their own petard.

Watching nike today.

rr

#29 DrStool

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Posted 19 December 2002 - 10:25 AM

Doc lost his broadand access and does not have his normal tools available. Can't update the Pre Market outlook. Will post a revised downside cmap here right after the open. The timing of the 5 hour and 1 day cycles woulkd not change from what was posted in last night's intraday outlook.

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#30 Guest_AssMaster_*

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Posted 19 December 2002 - 10:33 AM

AMAT giving a ST buy. Could be trouble. Look out.





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