Jump to content


- - - - -

All In The Family


This topic has been archived. This means that you cannot reply to this topic.
550 replies to this topic

#61 buttugly

buttugly

    Stock Proctology Intern

  • Members
  • Pip
  • 288 posts

Posted 03 October 2003 - 09:07 AM

and bond guys are meant to be smart

can anyone read in this country

#62 Hypertiger

Hypertiger

    Assistant Professor of Stock Proctology

  • Banned
  • PipPipPipPipPip
  • 3,270 posts

Posted 03 October 2003 - 09:08 AM

Meaningless except to gamers...
"We are completely dependant on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money (at the request of the consumer) we are prosperous; if not, we starve. We are absolutely without a permanent money system.... It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon." --Robert H. Hemphill, Atlanta Federal Reserve Bank,1938...

#63 soup

soup

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 11,230 posts

Posted 03 October 2003 - 09:10 AM

of course the numbers are lies they emanate from the govt.
""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

#64 fxfox

fxfox

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 11,126 posts

Posted 03 October 2003 - 09:12 AM

Remember, these numbers are fixed using a new methodology. I read a warning on another board earlier this week, that they would show a big upside surprise and jam the market.

next tiem please tell such things before data comes. I didnt know that a new method will be used. TIA :)
'patriot' is formed with 'patria' and 'idiot'

#65 rog

rog

    Assistant Professor of Stock Proctology

  • Members
  • PipPipPipPipPip
  • 3,891 posts

Posted 03 October 2003 - 09:12 AM

I, for one, don't believe those numbers.  

All from personal experience and anecdote, but these numbers are inconsistent with my reality.

Anybody else?

In my earlier post I pointed out that there could be a large upward adjustment to reconcile the payroll and household data. Apparently, people are losing payroll jobs and starting businesses. The previous numbers were not counting those correctly.
Average hourly earnings declined and the workweek did not expand.

FWIW on the differance between the two jobs numbers

Sept. 18 New York Times: "Slippery Data on the Job Market," by Alan Krueger

"Much has been made recently of the divergent trends displayed by the two surveys. Since the official end of the recession in November 2001, the establishment survey indicates that employment fell by 1.1 million jobs, while the household survey indicates that it grew by 1.4 million."
"But the picture is not nearly as cloudy as some have made it out to be. First, the household survey shows an artificial jump of more than half a million jobs in January 2003 because of a technical adjustment that ratcheted up the size of the population that month. ... If adjustments are made to the household survey to make it count jobs in a manner comparable to the establishment survey, then instead of an increase of 842,000 jobs since August 2002, the household survey indicates a loss of 425,000 jobs -- almost as large as the 560,000 jobs lost according to the establishment survey."
"These adjustments do not account for the entire divergence between the surveys since the end of the recession, but both surveys point to a job-loss recovery."

#66 DrStool

DrStool

    Chief of Stock Proctology

  • Admin
  • PipPipPipPipPipPipPipPipPip
  • 83,393 posts

Posted 03 October 2003 - 09:14 AM

No massive rally in the dollar.

Posted Image

I'll leave you with this before I go over to Stooltrading.

The 8 day cycle cmap on the SPY is 103.75.

Join me an your buds in Stooltrading. Should be an interesting day.

Trial Subscription Click Here.

If your portfolio has you feeling irregular, for fast, long lasting relief, take a subscribatory. And support your local Stool!

#67 scottcardiff

scottcardiff

    Bachelor of Stock Proctology

  • Members
  • PipPip
  • 908 posts

Posted 03 October 2003 - 09:14 AM

As I've said before, 1065-1070 is a target a hundred ways until Sunday.

And I've got a lot of stocks with fib turn dates next week.

Look for SPY short in the 108-109 zone.

Look for low 5 day TRIN. We may need until next week to get this

Look for high TICK. We already have that.

Look for low P/C reading. We need at least one day of the next 3 or 4 days to show a .40/.50 P/C reading.

So the ultimate setup, IMO

SP 500 1065-1070 area
Next week, preferably Wednesday or Thursday
Very low TRIN readings over the next 4 days
At least one very low P/C ratio over the next 4 days.

#68 BartTheBear

BartTheBear

    Master of Stock Proctology

  • Members
  • PipPipPip
  • 1,131 posts

Posted 03 October 2003 - 09:16 AM

Selling of treasuries yesterday was the tip off.

#69 wndysrf

wndysrf

    Dean of Stock Proctology

  • Banned
  • PipPipPipPipPipPipPipPipPip
  • 34,219 posts

Posted 03 October 2003 - 09:19 AM

As I've said before, 1065-1070 is a target a hundred ways until Sunday.

And I've got a lot of stocks with fib turn dates next week.

Look for SPY short in the 108-109 zone.

Look for low 5 day TRIN. We may need until next week to get this

Look for high TICK. We already have that.

Look for low P/C reading. We need at least one day of the next 3 or 4 days to show a .40/.50 P/C reading.

So the ultimate setup, IMO

SP 500 1065-1070 area
Next week, preferably Wednesday or Thursday
Very low TRIN readings over the next 4 days
At least one very low P/C ratio over the next 4 days.

I'm expecting a +2000 TICK reading on the open.

Never seen so much euphoria.

By the way, gold has held $382 twice this morning.

Can't jam it down.

Interesting. Must be problems within the Matrix Computers.

Maria looks extra juicy this morning, wearing that black cable knit sweater. Makes her boobs look twice as big.

She must have a lifetime prescription to Allergan Botox and Collagen.
PigMen Proprietary Trading Desk

The Weimar Run: Bullphoria!!!!

#70 buttugly

buttugly

    Stock Proctology Intern

  • Members
  • Pip
  • 288 posts

Posted 03 October 2003 - 09:19 AM

Erlanger says up until October 8

#71 Bearbones

Bearbones

    Master of Stock Proctology

  • Members
  • PipPipPip
  • 1,057 posts

Posted 03 October 2003 - 09:19 AM

of course the numbers are lies they emanate from the govt.

Numbers are just that-numbers. There is plenty of bearish news in the employment stats. At this point in time investors, or gamers, choose to read the news as bullish. They ignore the underlying issues and focus on the headline number.
Every dog, bull, and monkey has his day.

#72 scottcardiff

scottcardiff

    Bachelor of Stock Proctology

  • Members
  • PipPip
  • 908 posts

Posted 03 October 2003 - 09:20 AM

One more thing.

It now seems pointless to ever short. Look how well the market has done with BAD payroll news. Now we get "good" payroll news, so the market will never stop going up.

We know that isn't true, but the point is that the market finally has some good news, and everybody that isn't in will be getting in over the next 3-4 days.

A top can't be made without the public buying stocks. The insiders need a bid below the market besides the shorts.

Now they have the bid. It is time for a top.

#73 Darktrader

Darktrader

    Stock Proctology Intern

  • Members
  • Pip
  • 123 posts

Posted 03 October 2003 - 09:22 AM

Yes, buying at open ES ....everyone trying to short, I mean everyone!!

#74 Bearman

Bearman

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 14,811 posts

Posted 03 October 2003 - 09:22 AM

Numbers are just that-numbers. There is plenty of bearish news in the employment stats. At this point in time investors, or gamers, choose to read the news as bullish. They ignore the underlying issues and focus on the headline number.
Every dog, bull, and monkey has his day.

hey you forgot BEARS :lol:


"Every dog, bull, and monkey has his day"

BEARS will have years :o

#75 Janitor

Janitor

    Stock Proctology Intern

  • Members
  • Pip
  • 420 posts

Posted 03 October 2003 - 09:25 AM

Snif, snif Smell of charred fur in the air.

I am also getting burnt on my SPX puts - ouch.

This is over reaction, will end in tears. Our market (South Africa) also took of like Chinese candle on news.

My thoughts - too many bears out there. Need to shake out the weak ones.

Good luck guys

PS - goooooooooooo Micky D





Stock market portfolio giving you the runs? See Dr. Stool.

Take a subscribatory!
Download 
The Anals of Stock Proctology now!



The Daily Stool - Stock Market Message Board
Stool's Gold- Gold and Precious Metals Forum
Look Out Below Message Board

Support your local Stool Board.


The Al E. Greenspeuman designer line at Stoolmart. Get yours today! Click here now!
Get Mugged!


Dr. Stool's
Book Search

Enter title, author, or keyword
Just books
All Products





Old Stool Depository

Live Steaming Pile Chart