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#241 tpark

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Posted 17 February 2004 - 12:03 AM

What is the implications of this?

'Naked' short selling to be off limits in Canada

"You feeltheey canucks will find it harder to tank our markets, maybe it takes longer before we come and invade your flea bitten country"

If I read correctly, it only applies to OTC stocks.

#242 beardrech

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Posted 17 February 2004 - 01:28 AM

I went to a "progressive" party this weekend, hosted by some well-to-do Dallasites, and working the crowd, it was all spend,spend,spend.

On Valentine's Day, I attended a rather large dinner party here in Manhattan Beach.

The universal topic of discussion was real estate. Home Flipping has now become money making idea of the year. Interestly, there was little interest or discussion about stocks or Wall Struck.

Virtually everybody, including my girlfriend, plan on refinancing equity out of their existing residences to buy a house in a "rehab" neighborhood, for the sole purpose of flipping it after one year.

As usual, I said nothing about bubbles, lending excesses, or the possibility of higher interest rates. I just kept my mouth shut.

Unlike stocks, where there are quite a few skeptics around, there is NOBODY bearish on real estate prices in SoCal.

The sentiment regarding RE prices resembles the Nasdaq fever in Feb - Mar 2000.

Many were looking to me for my opinion on where I was putting my money.

I said I had no interest in "leveraged speculation", and I was putting money into a "coin collection". I explained it simply as a "hobby" and not an "investment."

As usual, the reaction was one of astonishment and bewilderment.

Similar situation, here in San Dayglo.........delusion is reaching psychotic proportions.

Interestingly, dollar bearishness is being discussed openly....and we are approaching major bounce territory (technically and sentiment wise), imo.


Rates looking to go up. Note the strong weekly MACD divergence.


Prechter seems to think the market is topping now, and the dollar is bottoming now...and once the market begins to decline, we will head into deflation, which would lead to a weaker market, lower gold prices and a stronger dollar.

You would have to say that the dollar chart sure looks like a double bottom, and the S&P chart sure does look like it could be a double top. If these prove to be true, does gold actually go lower in a deflationary environment?

That's been my primary internal question for a long time now. I think it does, because the scarcity of money will increase. Mining stocks should go down on profit taking and margin selling, and I'd expect commods to go down too, but less than equities. "Gold is nobody's paper." Do large and small participants even think to reach for gold in times of peril anymore? In any event, I'd expect gold and silver to hold up better than the broad markets, and cash to outperform all. If cash is less plentiful, it's inevitable that people will settle for less of it when offering their metals for sale.

MY READ IN THE NAB IS different;At a beer zhlokers party here people walking around claiming to having made a small fortune collecting aluminum cans,returning recyclables,saving on water by srubbing themselves boyscout style,with sand---Selling their furniture and investing in gortex ski clothing---pemmikan jerkee,the kind that lasts for aeons,wrapped in duct tape, barrels of verminous hardtack--getting tatood in second rate parlors by manneristic hacks with microbe laden needles-some terrrified of losing their barechested status through this wild burst of frugality are resorting to decalomania --better known in the thirties as cockamamies---
Woman wandering around bragging about the bargains they got in used spinning wheels--idlers wondering when a distillation unit would be on sale with claims of being able to recycle spent beer--
The wheeling and dealing was, I tell you, unbearably pretentious--Poseurs and scapegraces all--

beardrech :ph34r: :ph34r: :cry: Allons mon freres--back to the basics --from aliment to excrement and back again finnegan

#243 beardrech

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Posted 17 February 2004 - 01:43 AM

a quick interesting article since many have been having online web problems of late

http://prudentbear.c...ntent_idx=29790

marshall mcluhan made rreference to the probability of such an outcome a couple of dozen years or more ago--
beardrech :ph34r: :ph34r: :cry: but then again so did Joseph,prodige of pharaoh in egypt--
p.s. can we come to some kind of conclusioin about Prechter??That sob is scaring the living ---t outa me--what with his cash over gold scenario--i mean can this guy be wrong %100 of the time--noone can--but but but as the heavuily indebted dufus in the tv ad says so poignantly--Will someone please help me--

#244 GregFokker

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Posted 17 February 2004 - 09:09 AM

I went to a "progressive" party this weekend, hosted by some well-to-do Dallasites, and working the crowd, it was all spend,spend,spend.

On Valentine's Day, I attended a rather large dinner party here in Manhattan Beach.

The universal topic of discussion was real estate. Home Flipping has now become money making idea of the year. Interestly, there was little interest or discussion about stocks or Wall Struck.

Virtually everybody, including my girlfriend, plan on refinancing equity out of their existing residences to buy a house in a "rehab" neighborhood, for the sole purpose of flipping it after one year.

As usual, I said nothing about bubbles, lending excesses, or the possibility of higher interest rates. I just kept my mouth shut.

Unlike stocks, where there are quite a few skeptics around, there is NOBODY bearish on real estate prices in SoCal.

The sentiment regarding RE prices resembles the Nasdaq fever in Feb - Mar 2000.

Many were looking to me for my opinion on where I was putting my money.

I said I had no interest in "leveraged speculation", and I was putting money into a "coin collection". I explained it simply as a "hobby" and not an "investment."

As usual, the reaction was one of astonishment and bewilderment.

Similar situation, here in San Dayglo.........delusion is reaching psychotic proportions.

Interestingly, dollar bearishness is being discussed openly....and we are approaching major bounce territory (technically and sentiment wise), imo.


Rates looking to go up. Note the strong weekly MACD divergence.


Prechter seems to think the market is topping now, and the dollar is bottoming now...and once the market begins to decline, we will head into deflation, which would lead to a weaker market, lower gold prices and a stronger dollar.

You would have to say that the dollar chart sure looks like a double bottom, and the S&P chart sure does look like it could be a double top. If these prove to be true, does gold actually go lower in a deflationary environment?

That's been my primary internal question for a long time now. I think it does, because the scarcity of money will increase. Mining stocks should go down on profit taking and margin selling, and I'd expect commods to go down too, but less than equities. "Gold is nobody's paper." Do large and small participants even think to reach for gold in times of peril anymore? In any event, I'd expect gold and silver to hold up better than the broad markets, and cash to outperform all. If cash is less plentiful, it's inevitable that people will settle for less of it when offering their metals for sale.

MY READ IN THE NAB IS different;At a beer zhlokers party here people walking around claiming to having made a small fortune collecting aluminum cans,returning recyclables,saving on water by srubbing themselves boyscout style,with sand---Selling their furniture and investing in gortex ski clothing---pemmikan jerkee,the kind that lasts for aeons,wrapped in duct tape, barrels of verminous hardtack--getting tatood in second rate parlors by manneristic hacks with microbe laden needles-some terrrified of losing their barechested status through this wild burst of frugality are resorting to decalomania --better known in the thirties as cockamamies---
Woman wandering around bragging about the bargains they got in used spinning wheels--idlers wondering when a distillation unit would be on sale with claims of being able to recycle spent beer--
The wheeling and dealing was, I tell you, unbearably pretentious--Poseurs and scapegraces all--

beardrech :ph34r: :ph34r: :cry: Allons mon freres--back to the basics --from aliment to excrement and back again finnegan

Brilliant. We're not worthy...

...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






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