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Apology Demanded


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#1

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Posted 14 January 2004 - 08:33 AM

After former Treasury Secretary Paul O’Neill likened President George W. Bush in his Cabinet meetings to a “blind man in a roomful of deaf people,” representatives of the blind and the deaf demanded a prompt and total apology from the former administration official.

“Blind and deaf people have had a lot to contend with in the past, but this remark represents a new low,” said Lois Pankow of the Coalition for the Blind and the Deaf . . .


#2 DrStool

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Posted 14 January 2004 - 08:40 AM

Now, that's funny!

Well, good morning everyone, and tanks to Glad for his always creative and thoughtful openings. They are part of what makes this website so special.

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#3

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Posted 14 January 2004 - 08:50 AM

7:46am 01/14/04 Taser Intl declares 3-for-1 stock split - CBS MarketWatch.com

#4 Lock Limit Down

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Posted 14 January 2004 - 09:06 AM

Nothing worse then seeing Kudlows calls last night being honored this morning.
The chant was, The ECB would raise rates which would strengthen the dollar and kill gold. He also crucified Oneal again with a little help from C Gray former Whitehouse council. There are no words....
The fedspeak former fed head speak and bullhorning in the last few days must even be surprising the bulls.
Posted Image
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson

#5 summoner

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Posted 14 January 2004 - 09:06 AM

On my laptop with no tv access, anybody have SP futures yahoo shows sp up 9....tia ....Uncle al trying to initiate a meltup?
" I' ve got a left handed hook and a right handed hook, the pros are gonna love me, I'm amphibious"

Charles Shackelford
NC STATE UNIVERSITY

#6 summoner

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Posted 14 January 2004 - 09:11 AM

Must have been a typo now showing up 2.....whew
" I' ve got a left handed hook and a right handed hook, the pros are gonna love me, I'm amphibious"

Charles Shackelford
NC STATE UNIVERSITY

#7 GregFokker

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Posted 14 January 2004 - 09:11 AM

The US Dollar Index is up to 85.85, off its overnight highs, with ES +1.25 at 1122.50, NQ +5 at 1533.50 and YM +13 at 10426. Ten year note futures (March) are down 1.4 bps, and foreign currency pairs are mostly lower. Feb gold is down 2.70 at 422, March silver -.07 at 6.53.

...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


#8 ZGTrader

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Posted 14 January 2004 - 09:12 AM

On my laptop with no tv access, anybody have SP futures yahoo shows sp up 9....tia ....Uncle al trying to initiate a meltup?

The ES is only up 1.50..... to 1122.50........

#9

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Posted 14 January 2004 - 09:12 AM

S&P futures up 1.10 Nas futures up 5.50

#10 summoner

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Posted 14 January 2004 - 09:21 AM

Thanks all, lets hope for a large red one today.....and I dont mean salmon

Trade safe
" I' ve got a left handed hook and a right handed hook, the pros are gonna love me, I'm amphibious"

Charles Shackelford
NC STATE UNIVERSITY

#11 Sphinxter

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Posted 14 January 2004 - 09:29 AM

Poking around at the 'debt to the penny" website run by the Treasony Dept, I noticed that if you extrapolate 2004 out you get this:

Year Deficit Delta
1987 2350 150
1988 2602 252
1989 2857 255
1990 3233 376
1991 3665 432
1992 4064 399
1993 4411 347
1994 4692 281
1995 4973 281
1996 5224 251
1997 5413 189
1998 5526 113
1999 5656 130
2000 5674 18
2001 5807 133
2002 6228 421
2003 6783 555
2004 7655* 872*

*annualized numbers based on three months data

So we see that the gubmint, by it's own admission went 555B in the hock in 2003 and is on track to slather on another 872B.

The difference between these numbers and those you will find in the press, is that these include 'intra-agency borrowings' or what is more commonly known as 'raping Social Security and oth4er "trust" funds'.

At any rate, that's some powerful extra stimulous to the economy going on right there as the gubmint is slated to create 57% more debt in 2004 than it did in 2003.

Wow.

This brings me to two facts.

1) The dollar will be under considerable pressure this year no matter how much Al G and his henchmen K&C slap the table and jawbone. Should the Eu and Asian CBs want to reverse this, they will have to print money - very bullish for gold.

2) "Buy and Hold", as a long-term SM strategy, is completely foolish at these levels. When the Boomers start to retire, en masse, in about 5-7 years, there will be absolutely nothing in the piggy bank and stocks will be hammered as a consequence.

#12 Sphinxter

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Posted 14 January 2004 - 09:33 AM

Again, can anybody think of a single valid reason why Silver, an industrial metal, should trade in perfect lockstep with Gold?

This morning's charts - notice the precise alignment:

Posted Image
Posted Image


My theory is that Silver is still money and is therefore still a threat to the Matrix.

It's under perfect control.

#13 DrStool

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Posted 14 January 2004 - 09:39 AM

The verdict is in. About 3/4 of you want a more open discussion on this thread. Consider it done. I would ask only that you keep your comments brief, and try to keep your comments market oriented. Anything that invites addtional discussion, that is not trading related would best be posted on LOB, but I will leave that to the judgment of the moderators and members to moderate. If something needs to be brought to my attention, please do so.

Meanwhile I again invite those of you more specifically interested in trading ideas and timing, to please sign up for a Stooltrading trial subscription. Join your fellow stoolies sharing charts, trading signals and ideas. Each has a different style, and one may be just right for you. Doc gives his commentary, illustrating intraday cycles throughout the day with projections for highs, lows, and cycle time turns for the SPX and QQQ. He also gives cmap targets for individual stocks by request. There are no superstars in Stooltrading, just Doc and a group of hard working Stoolies, honestly trying to help each other and themselves, constantly checking and balancing one another's views. Become a Stooltrader now! 

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#14 Hiding Bear

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Posted 14 January 2004 - 09:39 AM

1) The dollar will be under considerable pressure this year no matter how much Al G and his henchmen K&C slap the table and jawbone.  Should the Eu and Asian CBs want to reverse this, they will have to print money - very bullish for gold.

2) "Buy and Hold", as a long-term SM strategy, is completely foolish at these levels.  When the Boomers start to retire, en masse, in about 5-7 years, there will be absolutely nothing in the piggy bank and stocks will be hammered as a consequence.

The effect of the third of three years in a row of tax cuts is not entirely kwown yet, and may not be completely known for another six months. It seems that the tax cuts are bigger than originally expected. In mid 2003, corporate tax collection actually went to a net figure about 0 - that's right income no taxes were collected from all US corporations for a few months or so during a peak tax collection period.

Very much agree that intervention by central banks has been very positive for commodity inflation, especially energy and PMs, which is not good for those Boomers with large McMansions who want to retire soon.

Sorry if this is OT.

#15 Sphinxter

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Posted 14 January 2004 - 09:42 AM

By the way, nothing wrong with gold.

It is still pegged at 332 Euros.

Posted Image

Sometimes as low as 329, sometimes as high as 335, but never for long.

Amazing how 332 perfectly aligns all the worlds supply and demand day after day after day.

Simply amazing.EDIT: Whoops - spoke too soon. Looks like G&S on the table for slaughter today.





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