B4 The Bell Frieday May 28
354 replies to this topic
Posted 28 May 2004 - 09:02 AM
Stephen Marshall, Manhattan, May 26, 2004
In the late summer and fall of 2002, six months before the invasion, former U.N. weapons inspector Scott Ritter hit the major networks, claiming that the Bush administration was "deliberately distorting the record in regards to weapons of mass destruction." Despite his radical position, Ritter's credentials as a U.S. Marine and fearless weapons inspector made him impossible to ignore. So he became the most visible opponent of the administration's assertion that Saddam was a threat to the United States. And, in response, the corporate media did everything in their power to assassinate his character. We decided to trace the media coverage that Ritter received during September, 2002.
There's nothing at all fishy fishy about a "sealed" court record leaked to reporters, complete with an alleged "mug shot" of Ritter broadcast on television and republished by MSNBC. It's all a coincidence that this comes out just as the war crisis reaches its climax - or anti-climax - and the administration is desperate to come up with a half-way convincing rationale for war. What are you - a conspiracy theorist?"
Of all the people who owed Scott Ritter an apology, the most eloquent and, perhaps, meaningful, came from David H. Hackworth, the retired U.S. Army Colonel and self-described Most Decorated Soldier in America. Hackworth can walk the walk. He was shot eight times in Vietnam, and went on to write the so-called "Vietnam Primer," referred to as the military's bible on counter-insurgency warfare.
Writing on his military-cult website, Hackworth.com, the Colonel praised Scott Ritter for "taking us all on - virtually alone, against incredible odds."
Posted 28 May 2004 - 09:07 AM
"actual consumer spending data on the Dept. of Commerce website?"
You're not actually hoping to find "actual consumer spending data" there, are you?
Posted 28 May 2004 - 09:08 AM
Here's a perfect description of the performance anxiety that underweight/underperforming traditional fumble managers are going through right now.
From today's WSJ:
"At Fidelity, Magellan's performance woes are starting to hit Fidelity's bottom line.
Unlike most other fund firms, Fidelity receives more money, in the form of a performance bonus, when the fund reaps higher returns than the S&P 500. The company also gets a penalty when it doesn't, based on three-year performance.
In its fiscal year, ended March 31, Fidelity received $321 million in management fees from Magellan shareholders, down from $344 million the year before, even though Magellan's assets grew in a rising market. That was because Fidelity was docked $49 million for falling short of the S&P 500.
Magellan's expenses amount to 0.7% of the fund's assets, far higher than Vanguard 500 Index's 0.18%, but still below the average U.S. stock mutual fund, which charges 1.5%, according to Morningstar.
But if Magellan's investment performance doesn't improve soon, Morningstar's Mr. Traulsen says, more investors may start asking themselves a question: "Why not buy an index fund?"
Posted 28 May 2004 - 09:15 AM
Two key indices watched by the Fed have turned down. The ABC Consumer Comfort Index and the ECRI growth rate are sliding.
Posted 28 May 2004 - 09:19 AM
Of course not, Plunger!
However, I see that
Which begs the question, is the population impervious to gasoline price increases, or are these mv purchases due to consumers switching to hybrids and other more economical vehicles?
Posted 28 May 2004 - 09:22 AM
Couple of days ago on Eurocrapvision was a fumble of fumblemanagers
who compared mutual(long only) funds with going to the casino with all your money and only being allowed to bet on red at the roulette table.
That's why hedge funds have been getting lots of big money punters of late--you can take all your money to the casino and lose it everywhichway,from roulette to craps to blackjack.Do ya feel lucky,punk?Well do ya?
Posted 28 May 2004 - 09:23 AM
Morning Crew-I said last night I thought it was over-I still do-I think today is when they let Dogs out-Window at the Bell -a long sucker-for 90 minutes-Helmets on, Buckle up-remember Uranus Surprise!
Posted 28 May 2004 - 09:33 AM
I think today closes up..could be a big up.... and Tuesday closes down but what do I know.. !
Welcome to the ways of the Matrix
Posted 28 May 2004 - 09:41 AM
Launch the Anvil Scotty-Aye Capt. Anvil away-Blast Shield up!
Posted 28 May 2004 - 09:44 AM
SPX 5year weekly/monthly downtrendline into June 2004 from da TOP comes in at 1140-1130.
I trust we all remember that BIG 1144SPX resistance a month ago..
Posted 28 May 2004 - 09:44 AM
I'm taking the opposite side of that. Down today and big up on Tue.
Posted 28 May 2004 - 09:58 AM
With equities trading in lock step with oil price mood swings...this is the kind of news that matters to the markets:
The recent attack on the Basra oil terminal cut daily output to 1m barrels, from 1.5m barrels a day while shipping agents said oil output from Kirkuk was cut in half as well.
"These security arrangements aren't working" an executive of Hess who spoke on condition of anonymity said "the pipelines remain very vulnerable and the attacks on the pipelines simply aren't being reported."
"With no formal exit strategy from Iraq, oil participants have been left wondering what is in stor for oil supplies from the region when the U.S. coalition withdraws."
In 2000, Bush bragged that, as President, he would use his political capital with Mideast producers to get the price of oil lowered...
"It wasn't all that long ago that a President Bush helped Kuwait" he reminded Americans.
Posted 28 May 2004 - 10:04 AM
Pilgrim's Pride has discovered Bird Flu in a texas flock...what could be more bullish than that?
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