267 replies to this topic
Posted 12 March 2004 - 09:01 PM
In which HRFF gets an UNEXPECTED CALL on his CELL FONE:
Is that YOU???
Yes, BARE is OUT of the ICU unit!
Their behavior HASN'T changed, much, HAS it, Igor???!!!
Yes, it WAS DISRESPECTFUL, wasn't it, Igor?
MOST impertinent of them!!!
Post traumatic stress disorder they said it wuz.
BARE iSNOT taking "joy" pills!!!
No! Your mASSter iSNOT "brain dead", either!!!
My, Igor, how your vocabulary has expanded!
So, why are you calling, Igor?
Yes, Igor, Srf's verbiage DOES sound like TwoScrews, wot, old bean?!!!
Fried brain and all that "rot"!
No, Igor. That WAS a pun/play on words.
So you're enjoying your sabbatical, now, are you, Igor?
Will you be returning anytime soon?
But what about NatASS(_)_)ha, Igor?
Posted 12 March 2004 - 09:09 PM
"Depositors are forbidden from exchanging their yuan into other currencies, diminishing the chances they will make a run on the banks."
They WON'T DARE do THAT, HERE, now,.......WILL they?
"The sphinx set riddles for people which they could not solve and the sphinx devoured them." Russian poet Ilia Ehrenberg reflecting years later upon the debacle of the Bolshevik Revolution and civil war
"In any case, experience shows people are unlikely to change their ways without a cataclysm of existential proportions" Meinhard Meigel, German economist and demography expert on his prophecy of a Wagnerian abyss of social and economic chaos
"We believe that here is no easy way out of this mess, and that the chance of a benign outcome, while hopefully possible, is quite low." Comstock Partners 3-17-2005
"Not without a shudder may the human hand reach into the mysterious urn of destiny." Junk email promoting the sale of Valium, Viagra, Soma and Cialis. Of course, we AMERICANS need not WORRY about such CLAPTRAP!!!
"The trouble about myths, or lies, is that those who foster them are stuck with them." Edward Crankshaw
"I don't buy the idea that a crash will come without warning. There are always warnings. All crashes have certain common technical preconditions." Doc (snorjt)
"YOU look IMPORTANT. Are you important, or just....WEIRD?"
"Bob I am" at a political gathering, to HRFF, 9-29-04
"Are YOU C.I.A.???"
"No, I'm not "CIA"."
"Well, you sure LOOK LIKE you're C.I.A.!!!"
Lead singer of the rock band KISS to HRFF at a luggage carousel at SeaTac airport circa 1996
"Unlike you, I use words people can understand." Doc
"America at the moment, with its faith-based currency, faith-based economy and faith-based government, might be a heaven for those who love faith, but it's a hell for those of us that respect evidence." The Daily (W?)Reckoning, circa 9-17-04
"What should be clear at this point is that even huge fiscal stimulus and unprecedented financial excess are incapable of fostering a sound and self-sustaining economic expansion. The paramount issue, today and going forward, is the deeply maladjusted U.S. economy and its increasing unresponsiveness to even enormous yet misdirected financial stimulus. Both the Financial Sphere and Economic Sphere are severely maladjusted." Doug Noland's Credit Bubble Bulletin, Aug 24 '04
"U.S. dollar purchasing power relies almost entirely on the difference between interest rates in Japan and the higher rates in the United States." Warren Pollock, Prudent Bear essay circa 9-04
"What about your replacements? the Children. What do we tell them when the whole thing caves in?" HyperTiger
Posted 12 March 2004 - 09:18 PM
Here's the chart I'll watching intently on Monday..30 Min RUT
Rusty should run into a whole bunch of trouble in the convergence area just above where we are, and rollover..prolly by midday, or it could churn fur a bit longer..but it needs to roll..and then everything should be in gear fur a wipeout..once Rusty takes out 570 area...LOB
Posted 12 March 2004 - 09:22 PM
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Posted 12 March 2004 - 09:23 PM
things are getting interesting here in OZ in regards to Real Estate,latest figures out show a decline in existing house sales of 8% and new house sales of 17%,all sales were down across the board,this after 2 small .25 basis point interest rate increases in November and December last year,a third increase was considered a certainty until some of the larger property developers warned of a major collapse of the property market,the $A was up to just under .80c against the $US about 2 weeks ago,but has collapsed to .73c odd this week,after some fairly luke warm economic figures came out,now the talk is of an interest rate cut...can you believe that?? Effing unreal...all the economists had factored in another rate increase,now they are all scrambling to say the next move will be down...doesnt matter,the damage has been done...Henry Kayes $50 million property empire is in tatters,he was just the first domino to fall...the rest should follow in quick succession.
Posted 12 March 2004 - 09:26 PM
MY GOOD BUDDY RICHARD RUSSELL WAS NON-PLUSSED by today's rally-he said the bear tries to keep as many in the mkt as possible to create the maximum losses-thus today's hopeful rally...but he's still not 100% sure the mkt's topped-he said:
There were 68 new highs and 18 new lows. When new lows outnumber new highs, we'll know that this market is really rolling over. Watch the new lows. Today's 18 new lows was the highest number since August 25 of last year!
I thought the two most significant items today were the drop-off in volume and the plunge in the VIX.
Posted 12 March 2004 - 09:42 PM
Here's another chart that should be watched..
IF P(i)G breaks under 102..that is gonna be one ugly looking breakout failure Finger..and the selloff, should that occur, should be swift and violent.
With the other members of the Dow Big 5, IBM,CAT, MMM, UTX all rolling over, a break in PG could be the last straw...
Posted 12 March 2004 - 09:55 PM
Yup, PG is a bloated pig. Which is why they plan to short a few $Billion of naked calls on their own piece of shit stock, pocketing the cash and leaving the public holding the bag.
"P&G said it would use proceeds for general corporate purposes"
like bonuses for the executives and kickbacks for the "distributors"
the suckers will be shareholders of some fund who won't even know they've been fleeced
rape the public, it's easy
Posted 12 March 2004 - 10:04 PM
you wont beleive it, but a good friedn of mine went nuts over the years, becasue of "smoking". He thaught he was van Gogh...... glad he has both ears still......Funny you should mention this subject,but there was just now a prog on NederTV about the correlation between heavy weed smoking in youth and the incidence of schizophrenia in later years! Just thought I'd mention it as I'm in "coffee shop"country.
'patriot' is formed with 'patria' and 'idiot'
Posted 12 March 2004 - 11:20 PM
absolutly amazing, 3 pages on MTM on a fri night after the best week in a year for bears, used to be 30 pages by 9 pm on fri. if this is not a sign of a top nothing is!!
"In order to form an immaculate member of a flock of sheep one must, above all, be a sheep."
"We can't solve problems by using the same kind of thinking we used when we created them."
Posted 13 March 2004 - 12:19 AM
The bearish scenario seems quite possible. Here's an alternative interpretation of the same picture.
Posted 13 March 2004 - 12:31 AM
1. Some bears like myself were heavily long and got shanked badly on the selloff.
2. Gold bugs are flipping out, wondering if there is going to be any end to the chronic selling, price capping, etc.
3. Hard core bears still don't believe the break, especially after the 13 +1000 TICK readings today.
4. Forex traders were hacked to death with the volatility.
5. Bears are still bracing for the usual Options Expiration Meltup, the Repo Blast which could come out of nowhere, and the Sector Bullhorn Rotation.
The most important thing to consider is that over $70 billion in mutual fund inflows in Jan. - Feb. are now in a losing position.
It will take a huge amount of power to take us back up to those highs.
I doubt we'll make it........
This rally is cooked.
PigMen Proprietary Trading Desk
The Weimar Run: Bullphoria!!!!
Posted 13 March 2004 - 12:56 AM
Markets won't be allowed to resume selling until Thur due to the FOMC meeting on Tue. and the applause sign jam on Wed. After that nonsense is over, then the decline should proceed. Today was just the stage setup for the greenman's magic show.1. Some bears like myself were heavily long and got shanked badly on the selloff.
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