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A Shell Game?


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#1

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Posted 10 September 2003 - 07:20 AM

September 9, 2003 -- WAS the nation's productivity miracle a hoax?

The supposed rise in productivity was the silver lining in the economic cloud of the last three years. Fed chief Alan Greenspan has spoken proudly of it, saying the United States was becoming a more efficient producer of goods.

But the slip of a tongue may call the whole productivity miracle into question . . .


#2 BeerMarket

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Posted 10 September 2003 - 07:39 AM

good morning stoolies. MoGauge gets a bump this week, the 5 handle on the rates drew in some stragglers I guess:

Mortgage Applications Jumped Last Week

butt according to mayor TV, WSJ has a story about how CFC, etc, may be in for hard times. Ya think? NCC took the opportunity to warn - hey, they were probably going to take a hit anyway.

Also saw part of an interview with some Wachovia anal cyst, wasn't paying attention but then he started recommending gold as an inflation hedge. He said he thinks the ETF could be available within a month. But he also said to be sure to buy the dips in stocks!

#3 Ned38

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Posted 10 September 2003 - 07:39 AM

Gold down $3?

#4 The End

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Posted 10 September 2003 - 07:42 AM

I had a great time at the NYCASS mtg. Here are some shots. More tomorrow.

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NONE of what I type, should be taken as financial advice.

And when you loose control, you'll reap the harvest that you've sown
And as the fear grows, the bad blood slows and turns to stone
And it's too late to loose the weight you used to need to throw around
So have a good drown, as you go down, alone
Dragged down by the stone.


--Waters

#5 The End

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Posted 10 September 2003 - 07:45 AM

The Gang at dinner. Above was Doc and Madame Stool.

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NONE of what I type, should be taken as financial advice.

And when you loose control, you'll reap the harvest that you've sown
And as the fear grows, the bad blood slows and turns to stone
And it's too late to loose the weight you used to need to throw around
So have a good drown, as you go down, alone
Dragged down by the stone.


--Waters

#6 The End

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Posted 10 September 2003 - 07:46 AM

Gruff all the way from Brussles. WOW!

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NONE of what I type, should be taken as financial advice.

And when you loose control, you'll reap the harvest that you've sown
And as the fear grows, the bad blood slows and turns to stone
And it's too late to loose the weight you used to need to throw around
So have a good drown, as you go down, alone
Dragged down by the stone.


--Waters

#7 BeerMarket

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Posted 10 September 2003 - 07:56 AM

I was wondering if the 100 EMA would hold again for RGLD, but it's gonna be tough with gold down 3+:
http://stockcharts.c...C.web?c=RGLD,uu[w,a]daclyyay[dc][pc100!c200!f][vc60][iUb14!La12,26,9]&pref=G

Nasty futures down 8.

thanks for the pics TE!

#8 OceanBound

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Posted 10 September 2003 - 07:59 AM

End, Who is who?

AussieBear, I focus on the S&P.

Just read who was who :P

Edited by OceanBound, 10 September 2003 - 08:02 AM.


#9

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Posted 10 September 2003 - 08:27 AM

Today does not look good. I've put in an order to sell all at open and will reposition later.

#10 longOnUranus

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Posted 10 September 2003 - 08:34 AM

Today does not look good. I've put in an order to sell all at open and will reposition later.

All that Quervo has rotted your brain. I haven't read a sentence like that since I lurked the AOL chat rooms. :D

#11 wndysrf

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Posted 10 September 2003 - 08:45 AM

Today's Bullhorning:

Thomas Weisel upgraded Emulex (ELX: news, chart, profile) to "peer perform" from "underperform," citing an overall improvement in storage market demand.

Lehman Bros. downgraded Spanish language TV broadcaster Univision Communications (UVN: news, chart, profile) to "equal weight" from "overweight," citing valuation.

Morgan Stanley upgraded Southwest Airlines (LUV: news, chart, profile) to "overweight" from "equal weight," due to the stock's recent underperformance relative to its peers.

Micron Technology (MU: news, chart, profile) saw its shares downgraded by SoundView Technology to a "neutral" rating and its price target shaved to $16 from $21
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The Weimar Run: Bullphoria!!!!

#12 wndysrf

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Posted 10 September 2003 - 08:48 AM

Sentiment still pinned.

BPI's rose to record all time highs yesterday despite the late day selloff....

http://stockcharts.com/candleglance?$...#124;C|d20
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The Weimar Run: Bullphoria!!!!

#13 Wahoo

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Posted 10 September 2003 - 08:49 AM

Weekly of NEM. They sold the hell out of it once it hit the abc target.

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#14 The Mad Hungarian

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Posted 10 September 2003 - 08:49 AM

good morning stoolies. MoGauge gets a bump this week, the 5 handle on the rates drew in some stragglers I guess:

Mortgage Applications Jumped Last Week

butt according to mayor TV, WSJ has a story about how CFC, etc, may be in for hard times. Ya think? NCC took the opportunity to warn - hey, they were probably going to take a hit anyway.

Also saw part of an interview with some Wachovia anal cyst, wasn't paying attention but then he started recommending gold as an inflation hedge. He said he thinks the ETF could be available within a month. But he also said to be sure to buy the dips in stocks!

Beer Market,
Read that WSJ story about the impending job cuts in the mortgage business, one estimate of up to 150,000 jobs over the next 6 months. With all these new "involuntary entrepreneurs" being created, it MUST be bullish, right? :P

In addition to this news, page A2 contains more "bullish" news such as:

"Health Care Coverage Premiums Rise 13.9%"
(Inflation? What Inflation?)

"US nonfinancial debt rose at a 12% annualized pace during the second quarter, double the 6% rate during the first quarter, and the fastest pace since the 4th quarter of 1986."

Less jobs, more debt, higher rates= bullish?

#15 BeerMarket

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Posted 10 September 2003 - 08:51 AM

...
Morgan Stanley upgraded Southwest Airlines (LUV: news, chart, profile) to "overweight" from "equal weight," due to the stock's recent underperformance relative to its peers.
...

yeah, great call - because they haven't bounced as much as the others because they never went down to begin with, you should buy them now due to "recent underperformance".





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