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B4 The Bell, Thursday May 13


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#46 Lock Limit Down

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Posted 13 May 2004 - 09:56 AM

The Fed does not control interest rates. They only control the Fed Funds rate. The 1 year T-bill is already up nearly 100 basis points. The rate has more than doubled since last summer and is up 75 basis points in the last 6 weeks.

The Fed is irrelevant.

And they know it. For the past three years officials at the Fed have been frightened to death. They have resorted to all means at their disposal (basically repos and jawboning) to persuade us that they are in charge.
I know people who work at the N.Y. Fed (otherwise known as market control central). The only bull market is in underwear as they need several changes a day.

Doc's right. Forget the wizard and focus on those people behind the curtain.

The only bull market is in underwear as they need several changes a day.
:D :D :D :D :D

The fed may have had some credibility before the long bond blew up
Now they have none ...
Deer frozen in the headlights..
As Doc said ...panicing by lack of action..they cant do a thing because they know the truth.
Posted Image
"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

#47 soup

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Posted 13 May 2004 - 10:01 AM

Can we finally say goodnight to 10,000?
""Pretty bubbleheads preen daily on our financial networks, playing the shill to Wall Street and Washington in order to lure unsuspecting Americans into buying insanely overvalued stocks. The great market exchanges, once prudent arenas of investment where the engine of capitalism traded value for value, have become sham casinos staggering under decades of massive Fed created debt and lurching into oblivion on the greater fool theory. Yet our high level bureaucrats, led by Alan Greenspan, exhort all Americans to consume still more of their seed corn and seek still more fools." N. Hultberg

#48 rog

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Posted 13 May 2004 - 10:01 AM

MO looks like a potential short squeeze to me. Then again Im talking my book

#49 Lock Limit Down

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Posted 13 May 2004 - 10:01 AM

Someone really really likes COF probably the MOST interest sensitive stock trading today
Does anyone take 2 seconds to connect the dots...?????????????????

Posted Image


What am I missing here?
Posted Image
"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

#50 PeakOil

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Posted 13 May 2004 - 10:02 AM

You dare question herr Doktor??!! 

Doc's is right.  The fed has never led, only followed.  Given their recent tack of endless jawboning (nearly 3 times the normal rate of speeches, etc,) they too apparently have realized that they have no ammo left.  There is no virtuous circle of supplying endless liquidity either.

I question everybody, - including myself. ! After all we are not talking about the fundamental laws of the universe or something - right?

It was intended as a joke.

Of course everyone's position or opinion is open to question - except mine and Hyper's :lol:

However, there are no demonstrable cases where the fed led the curve. In every instance I'm aware of, they only followed where the markets led.

The higher the price of oil goes the more there is to drill for. But the world economy, and the USD in particular, revloves around "cheap" energy. As the previously posted dieoff snippet states the real problem comes when it takes more energy to obtain the product than it can produce. At that point oil is done. We may well be there. There is no viable alternative.

The only thing that can reverse the current course would be a sudden dramatic global depopulation or an economic collapse. The odds of the first happening are miniscule while the second may be inevitable Oil in 4-5 years? Somewhere between zero and the price of unobtanium. My best guess is the economy will reduce the pressure on oil prices and it's quite possible oil could be significantly lower unless production capability drops sharply and exceeds my guess on demand drop.

Yobob1. Big Oil may be suggesting that we are pretty close to being 'there'.

Don Coxe's comment recently on BP now behaving more like an 'energy trust' than the big explorer as in days past. That is, BP's current attitude is - "sure we'll explore for the Oil - but only if it costs us $20/barrel". Now, whether that decision reflects 'terrorism cost' or 'energy cost' at this point is an open question. I suspect both factors are at issue.

#51 Henny Penny

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Posted 13 May 2004 - 10:04 AM

Someone really really likes COF probably the MOST interest sensitive stock trading today
Does anyone take 2 seconds to connect the dots...?????????????????

Posted Image


What am I missing here?

COF raised to overweight by Morgan Stanley - maybe they got a call from Biggowsky as he lounged on his pool float!!

#52 Lock Limit Down

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Posted 13 May 2004 - 10:07 AM

They are pulling out all the stops to protect the beloved BKX
I am a little concerned and lowereing stops


Now COF doing a second stage liftoff
Im sure the put writers are pissed
We can repair that!
Posted Image
"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

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Posted 13 May 2004 - 10:08 AM

RCL could be looking over the edge from here.

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Posted 13 May 2004 - 10:10 AM

They are pulling out all the stops to protect the beloved BKX
I am a little concerned and lowereing stops


Now COF doing a second stage liftoff
Im sure the put writers are pissed
We can repair that!

COF is toast. Criminals scamming it for all its worth before pulling the plug. They know what is coming.

#55 Hiding Bear

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Posted 13 May 2004 - 10:12 AM

So far, the Fed has actually reduced the repo pool today. Let's give them some more time for their tricks, but it seems like they are strangely stepping back from this developing mess so far.

#56 Lock Limit Down

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Posted 13 May 2004 - 10:14 AM

Thanks Henny Penny

I cant wait to exit this joke of a market .. Deceit and lies continue to overcome sound analysis and research.
More criminals arriving by the day.

The day upgrades get sold I will dance for a week
My disgust has never been at such levels.

Pick any matrix darling that has been beaten up or lost its luster.
An upgrade always follows
They cant keep their filthy hands of anything
Here comes the rally and the BKX
Im out
Posted Image
"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

#57 brian4

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Posted 13 May 2004 - 10:17 AM

Window closed-a good one and we'll take it. Only think I don't like as soon as it closed it took off, that tells us the PPT is alive and working-can they fight the Astro-we'll see-keep tight stops! ;) The Pig flies alone for awhile!

#58 Henny Penny

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Posted 13 May 2004 - 10:20 AM

Thanks Henny Penny

I cant wait to exit this joke of a market .. Deceit and lies continue to overcome sound analysis and research.
More criminals arriving by the day.

The day upgrades get sold I will dance for a week
My disgust has never been at such levels.

Pick any matrix darling that has been beaten up or lost its luster.
An upgrade always follows
They cant keep their filthy hands of anything
Here comes the rally and the BKX
Im out

Patience is rquired. Remember the market is operating on the thesis of continued strong growth ( 4%+) and rising Fed Funds. Items like COF will go down when the strong growth hypothesis is shattered. This will also coincide with the dollar weakening and gold taking off. I am guessing we are probably a month or two away from the market revising its opinion.

#59 depends

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Posted 13 May 2004 - 10:22 AM

Ameriturd not taking my stiop orders.

Tells me to "Please go to Review Orders to determine the status of this order."

#60 Dharmaeye

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Posted 13 May 2004 - 10:23 AM

Read on one of the forums (so many hard to remember) Prechter equated May 5 with Oct 5 1987?
Looks like its very very similar.
If so, today is the last up day before the crash.





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