![]() Saddam Shocker
Started by wndysrf, Dec 15 2003 03:34 PM
356 replies to this topic
#1
Posted 15 December 2003 - 03:34 PM
As usual, Riverboaters were celebrating the Saddam Shocker which instantly sent the futures in the Overnights screaming up to new highs, with Asian Exotica Advantest leading the charge with a 5% romp, pulling the Nikkei up 325 points.
However, the real Shocker was taking place in the commodities pits, where gold and crude oil actually rallied instead of collapsing, and the U.S. Peso was smoked to new lows for the move. Anyone check out that juicy morsel on CNBS reporting from the Chicago Merc??? What's her name? Anyone have a full length photo of her?? Am I the only one asking? The usual Bubblevision cheerleaders were in Shock and Awe, wondering why the gold market rallied and why stocks were selling off. The Supermodels were smoked on the open, tripping and falling off the runway, dazed and confused. Where was the expected Casting Call from Dan "The Greaseman" Niles?? Oh, sorry, he's suddenly resigned from Lehman Bros. and he's signing up with Neuberger or some other house working in their "Private Asset Management" group or something...... Now he's going to where the money is at, pushing commodity products to rich Indian and Pakistani investors. No doubt he received a nice bonus at Lehman for Bullhorning the public into INTC, AMAT, KLAC and all the other High Beta Screamers. I guess Lehman has now emptied its inventory of excess Soap Opera Actress inventory, so they had to let The Greaseman go..... Anybody else notice the Brown & Co. TV commercials on CNBS??? What is that funky stainless steel enclosure sitting in the lobby? Note how various Arena Participants slide open the door, "unwind some strangles and married puts" or something, then quickly exit. Is it a Daytrading Center? Or some type of Time Machine that transports people back to the giddy days of 1999 - 2000?? What's up with the cameras inside? And how about that dark skinned, dark haired Foreign Exotica featured, bragging about how "it takes people to find thinly traded stocks" at Brown & Co.?? Note how we were unable to get a full view of her leaving the Time Capsule. What does her body looks like?? ........................ Anyway, not much else to report today. I'll be on vacation the next couple of weeks, so I'll be posting irregularly. With Doc's permission, I would like to invite other Stool Pigeons to try their hand at opening the M2M with some commentary. Especially you, Soup.......
PigMen Proprietary Trading Desk
The Weimar Run: Bullphoria!!!!
#2
Posted 15 December 2003 - 04:37 PM
One of the most spectacular examples of the Fibonacci Series in nature is in the head of the sunflower.
Scientists have measured the number of spirals in the sunflower head. They found, not only one set of short spirals going clockwise from the centre, but also another set of longer spirals going anti clockwise, These two beautiful sinuous spirals of the sun flower head reveal the astonishing double connection with the Fibonacci series, a. The pairs are always adjacent numbers in the Fibonacci series e.g. one pair could be 21 and 34 and the next pair could be 34 and 55 b. The adjacent numbers divided yield the Golden Proportion 34 / 55 = 0.618 or 55 / 34 = 1.618 source: http://www.goldenmea...k/fibonacci.htm
#3
Posted 15 December 2003 - 04:52 PM
attached chart is the last Nas E-chart shows in Mathias Onischka web site before he went on vacation
at that time (Date shows 08/29/2003) he think, in large time frame, wave B could hit 2000 (Nas Composite), So, wave C (not shown) is down, ![]() chart source
#4
Posted 15 December 2003 - 05:02 PM
HELL YEAH DOC!!!!!!!!!!!!!
Nice to finally have a day for us bears.................... May there be many more to come................ Still cautiously optimistic...........Considering it is SCAM WEEK...........
#5
Posted 15 December 2003 - 05:06 PM
Sodumb Who?
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#6
Posted 15 December 2003 - 05:14 PM
This is a day to let me know why I never choose the gun or the rope. I would miss days like this. Not an option.
Your da man Doc.
#7
Posted 15 December 2003 - 05:17 PM
oracle beats by the proverbial penny.
""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
#8
Posted 15 December 2003 - 05:18 PM
Home equity line of credit looks to be the drug of choice.
#9
Posted 15 December 2003 - 05:22 PM
I gotta friend in the MoGauge business with whom I had a long talk today.
He's been under increasing pressure to push the newest products most of which center around sub-prime sorts of activities. In one scam, they are targeting people who refi'd 6 or more weeks ago under the assumption that their houses now had an additional 3-4% of equity that could be mined. They get a new appraisal (always favorable), a note from a CPA stating tax returns had been prepared for this person the last two years (taken as 'proof' of employment), and all is set for a 100% LTV transaction. Says more than ever people are taking the Variable rates. People no longer consider their balance sheet, everything is a simple cash flow caluclation - how much will this action raise or lower my monthly? All of this crap gets offloaded to CFC who sells it to ...whom? Anybody know who ends up holding the bag on this garbage (besides J6P who will be ruined, obviously)?
#11
Posted 15 December 2003 - 05:28 PM
Yet Saddam put up no resistance---ironic isn't it LOL
#12
Posted 15 December 2003 - 05:29 PM
Shin: Yep, an accident waiting to happen. I am sorry but what the hell ever happened to putting at Least 20% down? Btw, I think I mentioned a couple of weeks ago that wells fargo mgt laid off 500 odd folks; they are back going thru round 2 ( not sure of the numbers, but their was a grievance counselor in the building). Is building up equity in your own home a bad thing? Listen the less you owe the more freedom you have. Who really needs a mcmansion?
""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
#13
Posted 15 December 2003 - 05:30 PM This article from LA Times explains why they are so desperate the push the new product. Home loan providers are expected to shed workers as rising interest rates slow refinancing activity
#14
Posted 15 December 2003 - 05:31 PM
Look for IBD crowd to rush to the exits now ....
IBD said last week that market had suffered 2 1/2 days of Distribution. With another one today (and that too Key reversal), and using their definition (3-5 dist days over 2-3 weeks), tonite they ought to declare THE END to this rally. LOB...... - Silky PS: I bailed out of GOLDX on friday, thinking that a correction / decline will affect all stocks. I bot in Jan and doubled up in Mar. I am a believer in Gold, but couldn't leave 60% gain to chance (considering that shorting since May has burned a hole in my account and this gain partly offset that). I know that this board has a lot of Gold believers (and rightly so !), but does anyone else think that gold stocks might be vulnerable to sell off ?
#15
Posted 15 December 2003 - 05:39 PM Yes, I think the miners are vulnerable to a selloff. That is why I let my miners go. But I am holding the metal itself, and that is not, under any circumstances getting sold. I'll buy back the miners next year. I think the metal will outperform the miners for a while. JMHO |
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