The Seven Per Cent Solution
249 replies to this topic
Posted 22 March 2004 - 11:52 PM
Ickey I agree about the culling and I gotta tell you this old warhorse is nervous because few very few understand what is coming and none of us know its its import!
Posted 22 March 2004 - 11:57 PM
Well put, and Doc is right. The bear has returned, and he is very hungry - and angry.
If we manage to hang in here for the next week or so, or maybe even up until April 15, traders may be able to scalp a few small rallies from the short side. After that, it's all down hill for a while.
Posted 23 March 2004 - 12:10 AM
HB, it's not even just about scalping rallies. It's also about picking better points to enter shorts.
Posted 23 March 2004 - 12:28 AM
"The time to buy is when blood is running in the streets."
--- Baron de Rothschild
More like a pin prick than than the bloodbath Rothschild was referring to as a buying opportunity.
Posted 23 March 2004 - 12:47 AM
Nikkie has came bacl almost 200 points since the break
Stock Indexes Value Change Time
Nikkei 225 11,260.38 - 58.13 13:46
Posted 23 March 2004 - 12:50 AM
Patience the nikkei comes back when the dow is crumbling!
Posted 23 March 2004 - 12:51 AM
"We are completely dependant on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money (at the request of the consumer) we are prosperous; if not, we starve. We are absolutely without a permanent money system.... It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon." --Robert H. Hemphill, Atlanta Federal Reserve Bank,1938...
Posted 23 March 2004 - 01:40 AM
mh & dashleyI'm starting to wonder if the "authorities" aren't actually looking for a major war. The whole ME mess conbined with the constant beating of the war drums, is looking like we are inviting retaliation. Something really stinks.
I think its well known that all of those street running "Zealots" are bought and paifd for courtesy of the Iranian plutocratic theocracy who are scared shitless about their own roiling gang of pissed of adolescents and unemployed young adults--
The palestinians who didnt register at their local precinct captain's cashbox are for the most part very relieved at the exterminatiion of that wheelchaired genocidal freak-(he once forced the brother of an innocent palestinian suspected of,but without evidence, spying for the Israilis to BURY IS BROTHER ALIVE)-THEY WANT NO PART OF EXTREMISTS ON EITHER SIDE AND ARE GLAD TO BE RID OF THIS MONSTER
i know it sounds harsh but its true--and common sense tells us that only individuals want to commit suicide not entire communities,least of all the Palestinians
beardrech-- The market hates Bulls,Bears ethnic groups of every sort and persuasion;creeds pharmacists scientologists shorts and longs--a perfect candidate for world leadership---
Posted 23 March 2004 - 02:03 AM
for a science fictional view of the finacial world see crosscurrents.com chart of "ten days ratio of new highs to new lows---Green represents Highs and Red new lows--There is currently, for a significantly recent and lengthy period, almost NO RED :meaning almost no sellers---Combine this astonishing fact with Doks admonition that Its not the sellers so much that turn markets around because theres always a dozen reasons to sell,but,rather its the ABSENCE of buyers that leads to destruction
Posted 23 March 2004 - 04:21 AM
Bounce or not this week, the most telling action today for me was the failure of precious metals stocks to hold early gains even as the underlying commodities worked their way higher. I think most of us have been at the very least incredulous during much of 2003 at the cyclical bullish bounce in both the POS stocks and the miners. For me,that was proof that a rising liquidity tide carries all boats. Now that some serious damage is being done in the broad market, the miners seem to trade within a range at best. Gold is little more than 3% off its January high, and silver just touched another new high today. But the XAU and HUI are off more than 10% from the January highs. If the liquidity tide is now falling, then all kinds of paper may be suspect for a time. The miners, at least for a time, may be warning us of just how dangerous market conditions are.
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