B4 the Bell Frythehelloutofthebullday 5704
441 replies to this topic
Posted 07 May 2004 - 10:32 AM
The other day someone asked for a good housing Short-I suggested "RYL" if you got it-you're buying the Beer.
Posted 07 May 2004 - 10:34 AM
Continue to remain short the Spoos and 5 yr treasury.
Stop at 1121 currently. This market needs some spasm room, and I hate to get shorted out if I don't need to if trend is likely to continue. But you have to practice safe trading. That's closer than usual.
2 decades of non-farm employment below. Notice dips 90-91 and last 4 years.
Posted 07 May 2004 - 10:36 AM
Posted 07 May 2004 - 10:40 AM
MXIM up a $1.50+...just puntucured my "mental" stop at $45.61...but I will not cover yet.......I think the semis still follow-the market down today...just need a little more time. (crosses fingers) However I'm sure lots of shorts are getting stopped out all across this sector.
"No matter what happens, I will look back and smile" - Beardrech
Posted 07 May 2004 - 10:44 AM
Light Sweet Crude Oil Jun 2004 (NYMEX:CLM4)
Last trade 40.00 Change +0.63 (+1.60%)
30-min delayed quote.
Posted 07 May 2004 - 10:47 AM
Dark Docky- LIES-about sums it up-this beast is creaking and groaning in the wind- a CRASH-would not surprise me at all!
Posted 07 May 2004 - 10:47 AM
=DJ FED WATCH: June The Hot Spot Now For Rate Hike Hopes
By Michael S. Derby
A DOW JONES NEWSWIRES COLUMN
NEW YORK (Dow Jones)--When the Federal Reserve met to discuss interest rates Tuesday, one area they appeared to be a bit fuzzy on was the state of the labor market.
But they probably aren't any more, after the release of the April jobs data Friday. The very strong data were driving markets and economists alike to move toward expecting the central bank to kick off the summer with its first interest rate hike since May 2000, a notable change in the outlook for interest rates.
To be sure, the last non-farm payrolls report the policy makers had access to - the March data - was also quite robust. But it was so much stronger than what had come before that there were questions whether those gains could be sustained. So the central bankers apparently decided Tuesday to follow a cautious path and say in their policy statement that "hiring appears to have picked up."
The caution may have been prudent, but with the release of the April nonfarm payrolls data Friday, it also seems to have been unnecessary.
Rest of story at DOW JONES NEWSWIRES
Posted 07 May 2004 - 10:51 AM
We are on track for over 1000 new LOWS
I cant believe my eyes as they continue with unlawful interference
jamming the GSEs HGX and BKX
They are not going to get away with this smokescreen much longer
"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
Posted 07 May 2004 - 10:52 AM
So far it looks like the tech stocks especially the sox are attempting to drag the S&P up kicking and screaming
Insanity: doing the same thing over and over again and expecting different results. Albert Einstein
You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time. Abraham Lincoln
Those who cannot remember the past are condemned to repeat it George Santayana
Posted 07 May 2004 - 10:56 AM
Red line is debt inflationary potential of total debt growth...
In a debt backed by debt system the medium of exchange is....debt...
Debt inflationary potential according to the chart is turning down...I pointed out two other downturns...
When debt inflationary potential weakens yields should go up and the dollar should strengthen...Like it is doing now...
If this is the end then there is no way to stop it except mortgage rates to be engineered lower...and hope there is volume to support it...
My original prediction was for April which I made 21 months ago as the end game...we will see how this unfolds...
"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 07 May 2004 - 10:59 AM
opening now for 94 minutes-helmets on buckle up-it is going to be bumpy!
Posted 07 May 2004 - 11:01 AM
ABX AEM AU BGO CDE DROOY GG GLG GOLD RANGY HL HMY PAAS MDG NEM PAL PDG RGLD SIL SSRI -- All red
MSFT INTC CSCO QCOM AMGN EBAY DELL ORCL MXIM BIIB AMAT XLNX LLTC BBBY GENZ VRTSE ---- All green
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