B4 The Bell - Friday
304 replies to this topic
Posted 08 February 2004 - 09:44 PM
NYSE to Slash Executives' Salaries
Feb. 9, 2004 (St.Petersburg Times) — The New York Stock Exchange said Thursday that it will not sue its former CEO and chairman over his lavish pay package, but is cutting the salaries of its top officials.
Posted 08 February 2004 - 09:48 PM
Sled-you know why they never went after the "the Cueball" Grasso-cause he knew where the bodies were buried. Why did John Snow cut holes in his pockets??? So he could run his fingers thru his hair.
Posted 08 February 2004 - 09:50 PM
You know the $ is in trouble when it is down against the Peso and it is!
Posted 08 February 2004 - 09:55 PM
This is how they bury the Grasso story. It figures. Serious hush money. Gotti would be proud.
Don't steal. The government hates competition.
Posted 08 February 2004 - 10:01 PM
The CIA, FBI and the LAPD were trying to determine
which was the most effective crime investigation
organization, so they had a contest in which a
rabbit was released into each of three similar
forests and each group had to try and find it.
The CIA launched a major intelligence operation,
interrogated hundreds of forest animals, sent in
its top field agents, and after two months
submitted a press report that there were no
rabbits, and it had been a Russian hoax.
The FBI torched the whole forest, burning it to the
ground and killing everything in it, including the
rabbit. They later stated that the rabbit had it
The LAPD came out of the forest two hours later
dragging behind them a comprehensively beaten-up
bear, which was screaming "OK, OK, I'm a rabbit!"
Posted 08 February 2004 - 10:34 PM
Sled still below fair value both indicies-can you imagine if the Cue Ball ever talked?? that was his leverage and he used it well-not bad for a Bell Ringer.
Posted 08 February 2004 - 10:37 PM
The Avon lady is working a high rise apartment building. After finishing her business on the top floor, she enters the elevator to descend to the bottom. About 10 floors down she lets an industrial strength fart. She arms herself with a can of pine scent air freshener and hoses down the elevator car. A couple floors futher down, a wino gets on and starts sniffing. She asks him what he is doing. He says he smells something. Figuring it might be a good chance to see if the air freshener works under such rigorous circumstances, she asks the wino if he likes the smell. He responds with, "I don't know." and continues sniffing the air. The Avon lady asks him what it smells like, and after a few seconds of serious thought, the wino says, "It smells like someone sh*t a christmas tree.
Posted 08 February 2004 - 10:38 PM
the Nikkei just imploded from a high of +127 to a high of 9 stay tuned.
Posted 08 February 2004 - 10:53 PM
Isn't the greenman scheduled to give testimony before Congress. Doesn't that mean we automatically get boners all week?
Posted 08 February 2004 - 11:09 PM
Dashley-Fridays rally was on light volume and imho was a short covering rally if we drop hard tomorrow at the open with volume the bulls are trapped and the reaction to the downside will equal the up move. We will see the open is key!
Posted 08 February 2004 - 11:21 PM
B4 - Think you are right about Friday, but there a moderate chance we will make one more try near the top before a more determined down phase begins.
Doc check out this report on Japanese money supply:
Japan Jan Money Supply Growth 1.6% Vs Dec 1.5% Growth
DOW JONES NEWSWIRES
TOKYO -- Japan's money supply, as measured by M2 plus certificates of deposit, was up 1.6% on year in January, slightly faster than December's 1.5% growth but still weak as banks continued to cut down on lending, data released by the Bank of Japan showed Monday.
Economists surveyed by Dow Jones and Nikkei News had on average forecast 1.5% growth for January.
The lackluster growth in January money supply, which follows weak monetary base data, may increase political pressure on the BOJ to ease monetary policy further.
But the central bank has no intention of implementing policy aimed at boosting the money supply because it believes the health of the nation's economy will determine supply levels.
Japan's monetary base, which is a combination of the account balance and the balance of banknotes issued, grew 13.6% on-year in January, better than the 13.2% growth marked in the previous month, but down from 16.7% growth in November and 20.6% in October.
BOJ board members maintain the view that it isn't appropriate to judge the effects of monetary easing through the money supply data alone.
Bank Governor Toshihiko Fukui said in December that it is appropriate for money supply growth to fall as a result of corporate efforts to reduce their debts.
Translation of the Fukui statement: If money supply is still dropping while we pump up the monetary base 14% per year, then we are truly in a deflationary credit-bubble collapse death spiral.
BTW - Everything the BOJ has done in 2004 will not help money supply growth in Japan one bit. I can not envisionany important rally in the Nikkei the next few weeks or so, and more than likely it will be down.
Posted 08 February 2004 - 11:29 PM
A guy walks into a bar with his pet monkey. He orders a drink and while he's drinking it, his monkey starts jumping around all over the place.
The monkey grabs olives off the bar and eats them, grabs some sliced limes and eats them. He then jumps on the pool table, grabs the cue ball, sticks it in his mouth and swallows it whole.
The bartender screams at the guy, "Did you see what your monkey just did?".
The guy says "No, what?"
"He just ate the cue ball off my pool table!"
The patron responds that he's not surprised and that the monkey grabbing and eating things is a regular occurrence.
He finishes his drink, grabs his monkey and leaves. Two week's later, he's in the bar again, with his monkey. He orders a drink and the monkey starts running around the bar again. While the man is drinking his drink, the monkey finds a maraschino cherry on the bar. He grabs it, sticks it up his azz, pulls it out and eats it.
The bartender, disgusted, says "Did you see what your monkey did now?".
"No, now what?"
"Well, he just grabbed a cherry, shoved it up his ass, pulled it out and ate it!" says the excited bartender.
"Yeah, that doesn't surprise me," replied the patron, "He still eats everything in sight, but ever since he ate that cue ball, he measures everything first!".
Posted 08 February 2004 - 11:33 PM
Depends I agree with your longs take a look at ssri as well lovely chart.
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