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B4 The Bell - Friday


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#46

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Posted 06 February 2004 - 12:22 PM

Picked up some cheap QQQ 37 puts @.65 Almost half of what I sold them for yesterday

#47 Lock Limit Down

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Posted 06 February 2004 - 12:22 PM

This is the kind of action on the tick that gives this market such a putrid aroma

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"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

#48 soup

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Posted 06 February 2004 - 12:23 PM

My plan was to replace some of my shorts on a strong jobs number, but I am having trouble pulling the trigger. Perahps that is a sign?
""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

#49 brian4

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Posted 06 February 2004 - 12:23 PM

someone said JR left-why?? would he do that he is a good guy?? ;)

#50 Lock Limit Down

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Posted 06 February 2004 - 12:29 PM

The best of both worlds for the fully employed economy.
Bond yields DOWN
Equities SCREAMING HIGHER
Never underestimate the power of the central planners
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"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

#51 BigWave

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Posted 06 February 2004 - 12:36 PM

He emailed me and said he was accused of being anti-semitic during the political/religion brawl here..and he's half Jewish to boot..don't think he'll return.

#52 Lock Limit Down

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Posted 06 February 2004 - 12:42 PM

He emailed me and said he was accused if being anti-semitic during the political/religion brawl here..and he's half Jewish to boot..don't think he'll return.

Not JR too :cry:
What is happening?
Our best and brightest are dropping like flies.
Sad times indeed.
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

#53 soup

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Posted 06 February 2004 - 12:45 PM

Yes, I was very sorry to see Jr leave. One of the goals of the matrix is to halt all dissent. LLD: Ever wonder why it is so hard to find "The Crature from Jecklly Island"?
""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

#54 brian4

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Posted 06 February 2004 - 12:46 PM

OK starting now the next 45 minute window is open-if it does not invert it will be down ;) Sled-Thank you!

#55 Bearman

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Posted 06 February 2004 - 12:49 PM

Go B4!

#56 Lock Limit Down

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Posted 06 February 2004 - 12:52 PM

Yes, I was very sorry to see Jr leave. One of the goals of the matrix is to halt all dissent. LLD: Ever wonder why it is so hard to find "The Crature from Jecklly Island"?

:ph34r: :ph34r:
The fed probably buying every issue they can get their hands on.
Cant let that kind of information become common knowledge!

Again if you liked Jeckly Island get a copy of "When Genius Failed"
One of the best reads in my lifetime.
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

#57 brian4

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Posted 06 February 2004 - 12:54 PM

so far so good!

#58 soup

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Posted 06 February 2004 - 12:57 PM

LLC: I own and have read "when Genius Failed" ; about 1/2 way thru "Jecklly"
""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

#59 Hiding Bear

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Posted 06 February 2004 - 01:01 PM

A big net drain from the Fed, with just 1.5B in weekend repos just added against 8.75B expiring, -7.25B.


B4 The Bell, Turdsday February 5 (Pages 1 2 3 ...5 )
Hiding Bear
Posted on: Feb 5 2004, 10:24 PM

Replies: 188
Views: 3786 Pre-G7 jitters and positioning. The Japanese know that attempts to bring down the yen (over 106) are futile.

The Japanese monetary system is operating under great stress handling the vast amount of intervention $s purchase the last 5 months. The BOJ is now selling off large quantities of its Japanese yen bill holdings to buy US treasuries. They would like other countries to pick up the intervention slack, but no one will probably step up to the plate right now.
The Fed’s daily repo action lately is still somewhat puzzling lately (i.e. adding repos to the monetary base and then withdrawing them a few days later). Maybe they could be just positioning to add some repos back in time for the upcoming, near record, Treasury auctions.
There are some signs here the economy may have a small upward bounce in January, but there are no indications from the money supply that any type of strong and widespread economic recovery is in progress



The above is what I said last night, and it is even truer today. The recent actions of both the Fed and BOJ are now beyond puzzling, and becoming schizophrenic.

The stock market is not being supported by the Fed (or at least only at a minimal level based on the “other assets” account at the Fed), but by Joe6pack putting money into his/her 401k and mutual funds. In fact, the Fed/BOJ are now creating conditions that may lead to a significant sell off once J6Pk has exhausted him/herself. Exhaustion because the amount of the money going into the market exceeds net savings, or in other words money is being borrowed for stock purchases. When the market begins its decline, such a strategy will quickly end.

#60 MyGoldenStool

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Posted 06 February 2004 - 01:04 PM

An old farmer in Georgia had owned a large farm for
several years.

He had a large pond in the back, fixed up nice; picnic
tables, horseshoe courts, basket ball court, etc. The
pond was properly shaped and fixed up for swimming
when it was built.

One evening the old farmer decided to go down to the
pond, as he hadn't been there for a while, and look it
over. As he neared the pond, he heard voices shouting
and laughing with glee.

As he came closer he saw it was a bunch of young women
skinny dipping in his pond.

He made the women aware of his presence and they all
went to the deep end.

One of the girls shouted to him, "We're not coming out
until you leave!"

The old man replied, "I didn't come down here to watch
you ladies swim or make you get out of the pond
naked."

"I'm here to feed the alligator."





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