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B4 The Bell Fryday April 2,2004


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#226 Tchaikofsky

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Posted 02 April 2004 - 08:00 PM

From the same article:

"In a reflection of the broad and rapid changes in the economy -- and the market -- Dow Jones' senior managers for the first time in 4 1/2 years changed the composition of the 30 stocks in the famous index.

Out went three oldies-but-not-so-goodies: Kodak (EK: news, chart, profile) (which has been part of the index since 1930), AT&T (T: news, chart, profile) (which has been in since 1939) and International Paper (IP: news, chart, profile) (since 1956).

In came three powerhouses that benefit from the new economy: AIG (AIG: news, chart, profile), the insurance and financial services goliath; Verizon Communications (VZ: news, chart, profile), the Baby Bell that also has wireless phone holdings; and Pfizer (PFE: news, chart, profile), producer of Viagra and other market-dominating drugs.

The changes were made by two Dow Jones executives, who also consulted with other senior editors of the company. The two: Paul E. Steiger, managing editor of the Wall Street Journal, and John Prestbo, editor of Dow Jones Indexes.

It is quite possible that the stocks of the three newcomers will rise faster in the years ahead than the three slower moving stocks that they replaced. If so, that will add yet another element of strength to the market, or at least to the Dow Jones Industrial Average."

#227 wrecked him

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Posted 02 April 2004 - 08:09 PM

The stuff rallies are made of

It was time to buy more stuff

By Marshall Loeb, CBS.MarketWatch.com
Last Update: 6:11 PM ET April 2, 2004

Only one big sector experienced no growth: manufacturing. But considering the heavy losses in manufacturing jobs over the past two years, flat was regarded as a bullish sign.
===========================

:blink:

Patient at Oncologist's office;


Patient: So, how am I doing?

Oncologist: Well, I think you're doing quite well, According to your last CAT scan, the cancer has decreased in size in your liver and mumble mumble mumble

Patient: I'm sorry I didn't get that last bit

Oncologist: Oh, sorry, the cancer appears to have spread to your lungs but on the whole with your liver looking better, I'm feeling fairly confident

Patient: So, does that mean that I don't need anymore chemotherapy?

Oncologist; Whoa, hang on there, let's not get carried away

Patient: You mean, I do need chemotherapy

Oncologist: Well, on balance, mumble mumble mumble

Patient: Say what?

Oncologist: I'm sorry, what I meant to say was that I feel confident that the cure is not yet worse than the disease.

Patient: At what point would the cure be worse than the disease?

Oncologist; Well, you're still breathing...
A generation which ignores history has no past -- and no future

#228

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Posted 02 April 2004 - 08:30 PM

From the same article:

"In a reflection of the broad and rapid changes in the economy -- and the market -- Dow Jones' senior managers for the first time in 4 1/2 years changed the composition of the 30 stocks in the famous index.

Out went three oldies-but-not-so-goodies: Kodak (EK: news, chart, profile) (which has been part of the index since 1930), AT&T (T: news, chart, profile) (which has been in since 1939) and International Paper (IP: news, chart, profile) (since 1956).

In came three powerhouses that benefit from the new economy: AIG (AIG: news, chart, profile), the insurance and financial services goliath; Verizon Communications (VZ: news, chart, profile), the Baby Bell that also has wireless phone holdings; and Pfizer (PFE: news, chart, profile), producer of Viagra and other market-dominating drugs.

What happens when the entire Dow index is comprised of "not so good" stocks and there's no better performing ones to replace them with? :grin:

#229

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Posted 02 April 2004 - 08:54 PM

Several hundred Lockheed Martin Aeronautics Co. workers who build F-16 fighter jets could soon lose their jobs as the company moves to trim down after three years of adding workers.

Lockheed officials said Thursday that cutbacks are necessary because the company had hired extra workers to speed up F-16 production at its west Fort Worth plant. Other programs, including the F-35 joint strike fighter, are behind schedule.

As many as 1,000 jobs assigned to the F-16 program could be cut by year's end, although a Lockheed spokesman said the number would probably be smaller as some workers are reassigned to other positions. "A substantial number [of workers] will be taken off the F-16 program before midyear," Lockheed spokesman Joe Stout said. He said the company has overcome F-16 production difficulties and is meeting delivery schedules

http://www.kansascit...ess/8339971.htm

#230

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Posted 02 April 2004 - 08:57 PM

Pressure mounts to kill more B.C. chickens

Second person tests positive for Avian flu

http://vancouver.cbc...vian_am20040402

#231

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Posted 02 April 2004 - 09:05 PM

:D :lol: :P


http://www.corfid.co...les/edmund3.mid

To the tune of "The Edmund Fitzgerald"

The legend lives on from the Kennedys on down
Of the island they called ‘Chappaquiddick'
The voters it’s said, never vote for the dead
When the Polls of November turn gloomy.
With baggage galore, some twenty-six hundred votes more
Than the John F’n Kerry cast rightly.
His candidacy too was a bone to be chewed
When the Polls of November came early.


This hack was the pride of the Democrat side
Sounding like some rich twit from South Boston.
As the big pant loads go, he is bigger than most
But not quite as big as ole Teddy.
He was headed down hill when he took a bad spill
But he blamed it on the Secret Service.
And later that night when the cell phone rang
Could it be that Bill Clinton was callin'?


His words through the wires were a sickening sound
“You need a VP with some standing.”
And every man knew, and the candidate too,
T’was the witch of the Senate come stealin’.
The dawning came late and the campaign had to wait
When the Polls of November came slashin'.
With summer’s hot blast there was a shortage of cash
In the face of a popular George Bush.


Convention time came, the Rat pack came on stage, sayin',
“Johnny, we’re right here behind ya.”
On October 9 WMDs were found, they said
“Johnny, it's been good t'know ya.”
Then MoveOn wired in they had voters comin' in
But the party and John were in peril.
On election night when his hopes sank outta sight
Came the wreck of the John F’n Kerry.


Does any one know where the voters all go
When your ads turn the minutes to hours?
With a positive push by Cheney and Bush
Rove had put fifteen more states behind them.
Dems have to split up or they might just downsize;
They all may turn Green and vote Nader.
And all that remains is the faces and the claims
Of the unions, the gays and the squatters.


Democrats sulk; Republicans sing
And Dubya’s judges soon will be confirmed.
Old Hillary steams while she plots and schemes;
She can’t wait for ’08 to get here.
And farther below DU still blows
They whine and throw fits in their despair,
FreeRepublic will host as the FReepers all post
With the Polls of November remembered.


In a musty old hall in the District they whined,
At the Democrat National Committee.
A tinny bell chimed till it rang two or three times
For each state won by John F’n Kerry.
The legend lives on from the Chappaqua on down
Of the cold fish they call 'Bitchy Gloomy.'
Hillary, they said, never gives up for dead
When the Polls of November come early!


The Wreck Of the Edmund Fitzgerald by Gordon Lightfoot
Parody by LonePalm

:D :lol: :P

#232 Hiding Bear

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Posted 02 April 2004 - 09:10 PM

On the lighter side: Bear Rehab

Veteran bear rehab expert takes on her youngest bear yet
By Jeff Ray KBCI-TV
Updated: 10:32 a.m. ET April 02, 2004March 4 - A Garden City woman has taken on the role of mama bear to an orphaned bear cub. She's a month-old black bear from Washington. Her mother abandoned her after a truck hit a tree and destroyed the den where they were hibernating.

Caring for the cub is a full-time job. She needs feeding every couple of hours and help stimulating her bowel movements. If all goes well, she'll be returned to Washington and set free in about a year.


Where else can a bear find a proctologist? ;) :lol:

http://www.msnbc.msn.com/id/4458334/

#233 brian4

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Posted 02 April 2004 - 09:28 PM

Re- the B.C. Avian flu outbreak-the strain is H-7 which is mild-the two who contracted the flu were directly involved in the culling and work for the Canadian Food Agency and both recovered in 5 days and are back at work. The outbreak jumped the 15 square mile area to 2 other farms which are now being culled. Once the culling takes place all farms are disinfected repeatedly for a six month period only then can they be re-stocked and are then monitored for a further 6 month period. It looks to be peaking now as even backyard farmers flocks are being tested by a veritable army from the Food Agency. What is puzzling the experts is the speed of the spread, they suspect the culprit maybe migratory birds and if so it could be coming to a theatre near you.

#234 Tchaikofsky

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Posted 02 April 2004 - 09:37 PM

Sled:

Great tune! :lol:

===============

So, SCHN went ballistic after their earnings (up almost 20% AH; closed up 16%):

Posted Image

Who'da thunk it? The price of steel went up? :o

AA reports this week. Think they'll repeat SCHN's performance?

Posted Image

Hmmm . . .

#235 Big Doo Doo

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Posted 02 April 2004 - 09:43 PM

A ... "MCHVIE" ... coming soon to a neighborhood near you ?

-------------
"The importance of our forecast is that we fully expect more than 50% of American homeowners will become under water, or upside down, on their home mortgages because of the deadly deflationary economic consequence of having borrowed too much on their homes and then their home price declining, on a comparable neighborhood-sales basis.

Because home equity constitutes the lion's share of family net worth, this complete loss of home equity by more than 50% of American homeowners will have a tremendous negative "wealth effect" on their consumption spending -- which is the primary force driving the American economy. This is especially a problem since Americans have run their income-based savings rate down to the its lowest level in history.

Since every family has to live somewhere, of course there won't be a selling panic and mass exodus from homes, although we fully expect an over-housing problem will be so exposed. Since homes are illiquid assets, we fully expect the negative-home-equity wealth effect will cause homeowner investors to massively liquidate their stock market investments, which will have already declined again -- see our recent calls for a major stock market top and subsequent second-leg, devastating bear market -- from having been so overvalued as they are today relative to a second coming recession. However this time the recession will be led by over- extended consumers, although businesses will have to cut back in concert, of course. We also expect it to be a global recession, but I'll cover that in another article.

Thus, a wealth-devastating positive correlation will arise between the stock market and home prices, which otherwise are importantly not so correlated. This will become an essential part of of a then emerging Mass-Correlation, Hyper-Volatility, Illiquidity Event, or what we have dubbed a MCHVIE."

http://www.financial.../2004/0328.html

#236 brian4

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Posted 02 April 2004 - 10:07 PM

We have the same housing mania here that the U.S. has and yep purchasers are using ARMS and putting squat down maybe 5 grand. My wife and I live a small sea side community about a mile from the U.S. border. Contractors right now are buying old crappers and demolishing them to put up new ocean view homes that are on average two blocks from the water. Sure they have great views but the contractors are paying an average of $285,000 for a 33 x 130 lot and then they have to demolish the old home. They then build a 3 level average 3,300 sq ft home of 2 x 6 construction at an all in cost of about $150.- @ sq ft so the cost to the contractor is about $780,000 Canadian which pushes the asking price to $895,000 now the dick head who buys one of them has to pay a 7% federal tax on the price plus a average $11,000 provincial tax plus closing costs so it is pretty close to a Million $ but hey the Banks stand in line to give them money. If he or she lose their job in a dual income home they are fooked but since they have squat equity they can easily put the keys on the kitchen counter and split which will indeed happen. Cost of these homes new 10-11 years ago about $470K and their was no federal tax then-we got a long way to fall baby a long, long way!

#237 The End

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Posted 02 April 2004 - 10:30 PM

Brian,

How do the chapter 7 laws work in Canada?
NONE of what I type, should be taken as financial advice.

And when you loose control, you'll reap the harvest that you've sown
And as the fear grows, the bad blood slows and turns to stone
And it's too late to loose the weight you used to need to throw around
So have a good drown, as you go down, alone
Dragged down by the stone.


--Waters

#238

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Posted 02 April 2004 - 10:30 PM

Harmony steels for mass job cuts
By: Stewart Bailey
Posted: 2004/04/02 Fri 19:21 | © Mineweb 1997-2004

JOHANNESBURG (Mineweb.com) -- Harmony Gold has finally given in to the pressures of the stronger rand, announcing today that it was considering cutting 5,000 jobs and 6 percent of its production at loss making South African operations, in an effort to widen its operating margins. The job-cuts are an ominous portent for the local gold industry, which is struggling to remain profitable as the rand price gold remains stubbornly low. It is thought that as much as 60 percent of local gold production capacity is unprofitable on a total cost basis.

http://trinity.mips1...CU?OpenDocument

#239 The End

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    Anything is possible!

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Posted 02 April 2004 - 10:32 PM

Motley fools six stocks. I won't touch any of them save WMT on a drop of size.

http://www.fool.com/...ary040401tr.htm
NONE of what I type, should be taken as financial advice.

And when you loose control, you'll reap the harvest that you've sown
And as the fear grows, the bad blood slows and turns to stone
And it's too late to loose the weight you used to need to throw around
So have a good drown, as you go down, alone
Dragged down by the stone.


--Waters

#240 mjkst27

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Posted 02 April 2004 - 10:35 PM

End - say when and we'll discuss this mess over some cold ones





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