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#61 BartTheBear

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Posted 07 November 2003 - 10:41 AM

9900 critical level on DOW.

#62 GregFokker

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Posted 07 November 2003 - 10:42 AM

Right, so all these jobs being created are evidence of the improving economy will will force interest rates higher which will collapse employment levels all across the housing and auto sectors, to name but two. The hypocrisy and outright lying by our economic and political leadership is reminiscent of the worst nationalism the world has ever known, IMO.

Worse yet is the readiness of otherwise intelligent observers and participants to believe it.

Wavelet bounce here- if it doesn't set a new day high, then the bulls are in trouble. Order to sell NQ at 1458.

...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


#63 Dharmaeye

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Posted 07 November 2003 - 10:42 AM

XMI only major indices that did not make a new high- so far

#64

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Posted 07 November 2003 - 10:42 AM

Right, so all these jobs being created are evidence of the improving economy will will force interest rates higher which will collapse employment levels all across the housing and auto sectors, to name but two. The hypocrisy and outright lying by our economic and political leadership is reminiscent of the worst nationalism the world has ever known, IMO.

They are only doing what they do best. B)

#65 fxfox

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Posted 07 November 2003 - 10:43 AM

Manufacturing employment dropped, as did some services like mortgage banking (surprise!). The big gains were business and technical as well as health and social services.
The report is well worth reading.

http://www.bls.gov/n.../pdf/empsit.pdf

i dunno if it is absolutely the same in the US, but in Germany there is no real built up in industrial jobs since the early 70s or so. The reason is the monster style productivity gianes. One single steel worker today produces 10 times more (or even moe) steel than 30 years or so ago.
I am not sure, but i think that during the whole bull market from 1982-2000 there was even a descrease in industrial jobs, at least if you calculate it as percent of total workforce.
So i really dunno if it makes that much sense to focus on an increasde of industrial jobs as an indicator of the "well going" of the economy.
'patriot' is formed with 'patria' and 'idiot'

#66 crooked_analyst

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Posted 07 November 2003 - 10:44 AM

Bidding more IVAN in $5.70's...

#67 BarBu

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Posted 07 November 2003 - 10:45 AM

GFI is testing 200MA.

#68 Stoolander

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Posted 07 November 2003 - 10:45 AM

What I can't handle is the fact that the eminent Asshole, Larry Kurdlow was right and I was wrong.

I used to feel the same way as you Scott. The fact that Kudlow happened to be in alignment with this move (he'd have to be eventually, he's never been bearish that I've seen) should have no bearing on your read of the market. There were 2 possibilities, he could have been right or wrong, the broken clock analogy has never been more appropriate.

You've provided excellent (and profitable) analysis, keep it comin'. A time for all seasons ... Kudlow will be fully invested all the way down. Those of us that can trade a market from both sides will be just fine.

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Posted 07 November 2003 - 10:46 AM

The Footsie looks like it's about to rollover....

http://finance.yahoo...bc?s=^FTSE&t=1d

#70 DrStool

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Posted 07 November 2003 - 10:46 AM

That this is the greatest distribution in history, as measured by the insider buy/sell ratio, is fact. That it is a pyramid scheme built on the 401K/IRA fraud is also fact. Corporate insiders and Wall Street are at the base. All pyramids eventually collapse. All those not at the base will be bagholders.

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

#71 BigWave

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Posted 07 November 2003 - 10:47 AM

You know, I can live with underperforming horribly over the past 1 year.

I can live with identifying heatmappers like IIJI, GOAM, AOLa, etc well in advance of their big moves but failing to capitalize.

I can live with constant gaps over resistance.

I can live with 30% kneecappings on previously unbeatable stocks.

I can live with stocks being overvalued by a factor of 100%.

I can live with Bookie Al doing everything he can to save the planet and f*cking things up for future generations.

I can live with the Administration making a middle east land grab to secure cheap oil for debt-addicted Americans.

What I can't handle is the fact that the eminent Asshole, Larry Kurdlow was right and I was wrong.

Turd that.. :angry:

#72 BeerMarket

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Posted 07 November 2003 - 10:47 AM

the economy red, dirty SOX about to join it. Tanks btb, sure looks that way so far.

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Posted 07 November 2003 - 10:48 AM

Yep, IBM in the red. They been passing off shrs to the bagholder for weeks waiting for today. As good as it gets -- SELL B)

#74 crooked_analyst

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Posted 07 November 2003 - 10:49 AM

Kudlow appears on a GE owned company...you don't think this guy has been given a heads up?

Today will be just like every other day...the rally will be in full force AFTER the Bond Market closes...if not, we may finally have topped...just my worthless opinion

#75 soup

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Posted 07 November 2003 - 10:49 AM

second that doc, very well said.
""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





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