Sign In
Register
Help
This topic is locked
The Rock and the Hard Place are starting to crunch bones.
Tell us all about it, Stoolies!
B4 the Bell, Toozleday Aug 10, 2004
Go ahead Al, make my day
Rate Topic:
#1
machinehead 
- Dean of Stock Proctology
-
- Group: Members
- Posts: 13,180
- Joined: 08-June 01
Posted 10 August 2004 - 07:28 AM
"GOLD -- it's not just for misers anymore."
"Dollahs -- fire-starters for the K-wave winter." - Drano
"Three humps and a dump." - anotherone, 21 SEP 2004
"No gold was harmed in the making of this movie." - Bizarro Greenspan
[i]"Da Track. Da place where Morons bet on Animals Controlled by Criminals." - our jickiss
"Dollahs -- fire-starters for the K-wave winter." - Drano
"Three humps and a dump." - anotherone, 21 SEP 2004
"No gold was harmed in the making of this movie." - Bizarro Greenspan
[i]"Da Track. Da place where Morons bet on Animals Controlled by Criminals." - our jickiss
MultiQuote#2 Guest_yobob1_*
Posted 10 August 2004 - 07:40 AM
Welkom to the only place on earth where you can view the inner workings of the greatest think tank ever assembled for free. Like they say you get what you pay for. 
When a customer comes in and asks for advice, I always ask them if they want good advice or free advice. If it's a lawyer or doctor I tell to call my secretary and make an appointment a few weeks down the road and then bill them for the time they talked to me about making an appointment. Oddly I don't seem to have a lot of doctors or lawyers as clients.
According to Bloomberg the effective fed funds rate this AM is 1.31 - yesterday AM it was 1.38.
Fuctures, after 990N showed up at his normal 3 AM time, are slightly above water as of 7 AM Eastern.
PMs off slightly (or crashing in Wndysrf terms ) in London as has been the case a lot lately.
Uncle Buck steady with one foot on the floor, Nurse Ratchet hovering nearby.
Saudi announces a 300,000,000 bpd increase in oil production through nuclear detonation but admit it's going to be hard to round it up and separate it from the sand. Anything for the Chimp.
Chambers will announce they have discovered a way to turn excess inventory and employees into oil. Expect Crisco to hit $100 in the AH and then execute a leveraged buyout of Royal Dutch.
I stand pat on my no raise this meeting of Sir Alan's round table.
The absence of promises of a fantastic future risks removing the blinders that have guided equity price increases in this era of weak fundamentals, unsustainable macroeconomic imbalance and bullish forecasts built on illusions just over a receding horizon.
Max Fraad Wolff
When a customer comes in and asks for advice, I always ask them if they want good advice or free advice. If it's a lawyer or doctor I tell to call my secretary and make an appointment a few weeks down the road and then bill them for the time they talked to me about making an appointment. Oddly I don't seem to have a lot of doctors or lawyers as clients. According to Bloomberg the effective fed funds rate this AM is 1.31 - yesterday AM it was 1.38.
Fuctures, after 990N showed up at his normal 3 AM time, are slightly above water as of 7 AM Eastern.
PMs off slightly (or crashing in Wndysrf terms
) in London as has been the case a lot lately.Uncle Buck steady with one foot on the floor, Nurse Ratchet hovering nearby.
Saudi announces a 300,000,000 bpd increase in oil production through nuclear detonation but admit it's going to be hard to round it up and separate it from the sand. Anything for the Chimp.
Chambers will announce they have discovered a way to turn excess inventory and employees into oil. Expect Crisco to hit $100 in the AH and then execute a leveraged buyout of Royal Dutch.
I stand pat on my no raise this meeting of Sir Alan's round table.
The absence of promises of a fantastic future risks removing the blinders that have guided equity price increases in this era of weak fundamentals, unsustainable macroeconomic imbalance and bullish forecasts built on illusions just over a receding horizon.
Max Fraad Wolff
#4
Butterfield 8
- Master of Stock Proctology
-
- Group: Members
- Posts: 1,740
- Joined: 25-January 03
Posted 10 August 2004 - 07:53 AM
what time is the announcement?
#5
Hiding Bear
- Associate Professor of Stock Proctology
-
- Group: Moderators
- Posts: 4,517
- Joined: 20-October 02
Posted 10 August 2004 - 07:55 AM
This has nothing to do with today's Fed meeting, but from a costly "crisis" long past - the S&L crisis of 1989. Congress and regulators abruptly changed some S&L rules back then. It appears that implied contracts set up by Congress can become actual contracts.
Now think about the implied govermental "agency" status of GSEs and before you know it, the government will be on the hook for $100s of billions of GSE liabilities in the next financial system crisis.
U.S. Loses Ruling in Challenge by S&L
The regulators offered healthy thrifts a deal: If they'd take over their wounded brethren, the regulators would let them record an asset on their balance sheets equal to the capital deficiency at the sick thrift. That asset, known as supervisory goodwill, could be gradually written off over 40 years.
"They were basically trying to keep the problem swept under the rug," said veteran banking consultant Bert Ely.
When Congress finally faced up to the ballooning problems in the industry in 1989, the resulting thrift bailout bill did away with the supervisory goodwill, requiring thrifts to reduce it to no more than 1.5% of their assets by the start of 1991 and to purge it entirely over the next three years. The action caused thrifts to record billions of dollars in losses.
In the early 1990s, the acquiring thrifts filed a total of 122 lawsuits against the government, seeking as much as $30 billion on behalf of the institutions and their owners. The Supreme Court later ruled that Congress had not exceeded its authority in passing the 1989 law, but said the S&Ls could sue the government for breach of contract.
http://www.latimes.c...a-home-business
Now think about the implied govermental "agency" status of GSEs and before you know it, the government will be on the hook for $100s of billions of GSE liabilities in the next financial system crisis.
U.S. Loses Ruling in Challenge by S&L
The regulators offered healthy thrifts a deal: If they'd take over their wounded brethren, the regulators would let them record an asset on their balance sheets equal to the capital deficiency at the sick thrift. That asset, known as supervisory goodwill, could be gradually written off over 40 years.
"They were basically trying to keep the problem swept under the rug," said veteran banking consultant Bert Ely.
When Congress finally faced up to the ballooning problems in the industry in 1989, the resulting thrift bailout bill did away with the supervisory goodwill, requiring thrifts to reduce it to no more than 1.5% of their assets by the start of 1991 and to purge it entirely over the next three years. The action caused thrifts to record billions of dollars in losses.
In the early 1990s, the acquiring thrifts filed a total of 122 lawsuits against the government, seeking as much as $30 billion on behalf of the institutions and their owners. The Supreme Court later ruled that Congress had not exceeded its authority in passing the 1989 law, but said the S&Ls could sue the government for breach of contract.
http://www.latimes.c...a-home-business
#6
DrStool
- Chief of Stock Proctology
-
- Group: Admin
- Posts: 63,572
- Joined: 02-February 01
Posted 10 August 2004 - 08:07 AM
The difference between gold stocks and the rest of the market is that the charts of the gold stocks look great. The rest of the market looks like shit. Why, because gold stocks are in a bull market, you know. And as our friend Jimmy Jones Cramer knows, there's always a bull market somewhere. When the market crumbles, the stock players who are looking for a haven will find the precious metals stocks much to their liking. And because of their tiny float, it won't take much to drive a monster bull move. Unless HUI breaks 181 in the next few days, the bull market is intact, and this will be the last great buying opportunity for this generation. 181 is the dividing line. Below that, not as bullish, but not bearish either.
Don't knock the Gold Stocks until you have looked at the Golden Stool, issued each morning in your Anals.
Your Golden Stool, including short and long term updated charts and price targets, is loaded. Even if you are not a goldbug, you should check out the Golden Stool. It's in your Anals daily. Take a subscribatory and download the Golden Stool RIGHT NOW!
30 Day Intro Subscribatory. Just $16.99! Get In RIGHT NOW!
Don't knock the Gold Stocks until you have looked at the Golden Stool, issued each morning in your Anals.
Your Golden Stool, including short and long term updated charts and price targets, is loaded. Even if you are not a goldbug, you should check out the Golden Stool. It's in your Anals daily. Take a subscribatory and download the Golden Stool RIGHT NOW!
30 Day Intro Subscribatory. Just $16.99! Get In RIGHT NOW!
#7
GregFokker
- Dean of Stock Proctology
-
- Group: Moderators
- Posts: 14,974
- Joined: 02-February 02
Posted 10 August 2004 - 08:30 AM
2:15. Nonfarm Q2 productivity due now, est. 2%.
...A declining spenglerian carnival of Colossaalism united with Inflation where the numbers one through 10 are forever banished as worthless arithmetical detritus from a bygone age... - Beardrech
Naturally we believe the govt numbers... and Boobus Americanus sleepwalks off the edge of the energy-crisis cliff clutching his shares of "Crisco", Yoohoo and GooGah munching on his Yum Yums and Ho Hos. Future historians will have a hell of a time figuring out what the hell Americanus neanderthalus was thinking and exactly what brought on his sudden demise... - Henny Penny
Well, good night everyone. I gotta go lube up for tomorrow's regular end-of-week Gold Slapdown and Stock Index Bear Punishment Rally Weekend Greenprint. ...Probably another Shock-and-Awe Gap-Up-Open and Wire-to-Wire Meltup Runaway Bull Charge Mo-Mo Spike to Fresh New All-Time Lifetime Highs, culminating in a 4:15 yelping scalded dog runoff with panic short-covering and legal not-held bad double fills due to fast market conditions, plus quote system freeze-ups and trading platform lock-outs along the way. *yawn* typical gov't Friday. - Shorty
Naturally we believe the govt numbers... and Boobus Americanus sleepwalks off the edge of the energy-crisis cliff clutching his shares of "Crisco", Yoohoo and GooGah munching on his Yum Yums and Ho Hos. Future historians will have a hell of a time figuring out what the hell Americanus neanderthalus was thinking and exactly what brought on his sudden demise... - Henny Penny
Well, good night everyone. I gotta go lube up for tomorrow's regular end-of-week Gold Slapdown and Stock Index Bear Punishment Rally Weekend Greenprint. ...Probably another Shock-and-Awe Gap-Up-Open and Wire-to-Wire Meltup Runaway Bull Charge Mo-Mo Spike to Fresh New All-Time Lifetime Highs, culminating in a 4:15 yelping scalded dog runoff with panic short-covering and legal not-held bad double fills due to fast market conditions, plus quote system freeze-ups and trading platform lock-outs along the way. *yawn* typical gov't Friday. - Shorty
#8
GregFokker
- Dean of Stock Proctology
-
- Group: Moderators
- Posts: 14,974
- Joined: 02-February 02
Posted 10 August 2004 - 08:32 AM
8:29am U.S. Q2 PRODUCTIVITY 2.9% ANNUAL VS. 2.1% EXPECTED
8:29am U.S. Q2 UNIT LABOR COSTS UP 1.9% ANNUALIZED
8:30am U.S. Q2 MANUFACTURING PRODUCTIVITY UP 7.5%
8:30am U.S. PRODUCTIVITY UP 4.7% YEAR-OVER-YEAR
8:30am U.S. UNIT LABOR COSTS UP 0.2% YEAR-OVER-YEAR
8:29am U.S. Q2 UNIT LABOR COSTS UP 1.9% ANNUALIZED
8:30am U.S. Q2 MANUFACTURING PRODUCTIVITY UP 7.5%
8:30am U.S. PRODUCTIVITY UP 4.7% YEAR-OVER-YEAR
8:30am U.S. UNIT LABOR COSTS UP 0.2% YEAR-OVER-YEAR
...A declining spenglerian carnival of Colossaalism united with Inflation where the numbers one through 10 are forever banished as worthless arithmetical detritus from a bygone age... - Beardrech
Naturally we believe the govt numbers... and Boobus Americanus sleepwalks off the edge of the energy-crisis cliff clutching his shares of "Crisco", Yoohoo and GooGah munching on his Yum Yums and Ho Hos. Future historians will have a hell of a time figuring out what the hell Americanus neanderthalus was thinking and exactly what brought on his sudden demise... - Henny Penny
Well, good night everyone. I gotta go lube up for tomorrow's regular end-of-week Gold Slapdown and Stock Index Bear Punishment Rally Weekend Greenprint. ...Probably another Shock-and-Awe Gap-Up-Open and Wire-to-Wire Meltup Runaway Bull Charge Mo-Mo Spike to Fresh New All-Time Lifetime Highs, culminating in a 4:15 yelping scalded dog runoff with panic short-covering and legal not-held bad double fills due to fast market conditions, plus quote system freeze-ups and trading platform lock-outs along the way. *yawn* typical gov't Friday. - Shorty
Naturally we believe the govt numbers... and Boobus Americanus sleepwalks off the edge of the energy-crisis cliff clutching his shares of "Crisco", Yoohoo and GooGah munching on his Yum Yums and Ho Hos. Future historians will have a hell of a time figuring out what the hell Americanus neanderthalus was thinking and exactly what brought on his sudden demise... - Henny Penny
Well, good night everyone. I gotta go lube up for tomorrow's regular end-of-week Gold Slapdown and Stock Index Bear Punishment Rally Weekend Greenprint. ...Probably another Shock-and-Awe Gap-Up-Open and Wire-to-Wire Meltup Runaway Bull Charge Mo-Mo Spike to Fresh New All-Time Lifetime Highs, culminating in a 4:15 yelping scalded dog runoff with panic short-covering and legal not-held bad double fills due to fast market conditions, plus quote system freeze-ups and trading platform lock-outs along the way. *yawn* typical gov't Friday. - Shorty
#10
DrStool
- Chief of Stock Proctology
-
- Group: Admin
- Posts: 63,572
- Joined: 02-February 01
Posted 10 August 2004 - 09:06 AM
Uncle Buck and the Long Bong Hit, including short and long term updated charts and price targets, is now loaded. Take a subscribatory and get the latest whiff of Uncle Buck and the Long Bong Hit.
#11
Jimi
- Clinical Professor of Stock Proctology
-
- Group: Members
- Posts: 9,010
- Joined: 31-March 03
Posted 10 August 2004 - 09:07 AM
Some early-morning red meat for the paranoiacs:
Porter Goss, just nominated by Bush to head the CIA, attended Yale and was a member of Skull & Bones.
Porter Goss, just nominated by Bush to head the CIA, attended Yale and was a member of Skull & Bones.
Sure glad all my albums went GOLD.
"Ferdy-bee-bee-dee-ferbs."
Subscribe & Earn Karma Miles with Every Visit!
Rule #5 Professional Exemption.
Blind Follower, Just Think Positive Hyperinflation, I Get Paid 500 Quadrillion Dollars/Hour at 1000% Interest/Hour Compounding Forever Each Mouse Click Religion.
"I too observe 'flation.'"
I love you, TASR!
YOU MAKE KITTY SCARED
Tops Take Time
Postulate A Free Lunch Economy
Anyone, now, who is not genuinely afraid is a moran.
[T]housands of empty stucco crapboxes vacated after being circle-jerk sham-traded among corrupt borkers, uppraisers and loan officers from 100K up to 800K, then "nopay-walkaway" (with dirty loan cash in pockets)
Guess again, girlfriend.
Or, $2.7 million every effing day since the effing pinball machine.
Permabear Hysterian
"Ferdy-bee-bee-dee-ferbs."
Subscribe & Earn Karma Miles with Every Visit!
Rule #5 Professional Exemption.
Blind Follower, Just Think Positive Hyperinflation, I Get Paid 500 Quadrillion Dollars/Hour at 1000% Interest/Hour Compounding Forever Each Mouse Click Religion.
"I too observe 'flation.'"
I love you, TASR!
YOU MAKE KITTY SCARED
Tops Take Time
Postulate A Free Lunch Economy
Anyone, now, who is not genuinely afraid is a moran.
[T]housands of empty stucco crapboxes vacated after being circle-jerk sham-traded among corrupt borkers, uppraisers and loan officers from 100K up to 800K, then "nopay-walkaway" (with dirty loan cash in pockets)
Guess again, girlfriend.
Or, $2.7 million every effing day since the effing pinball machine.
Permabear Hysterian
#12
machinehead
- Dean of Stock Proctology
-
- Group: Members
- Posts: 13,180
- Joined: 08-June 01
Posted 10 August 2004 - 09:12 AM
Jimi, on Aug 10 2004, 09:07 AM, said:
Some early-morning red meat for the paranoiacs:
Porter Goss, just nominated by Bush to head the CIA, attended Yale and was a member of Skull & Bones.
Porter Goss, just nominated by Bush to head the CIA, attended Yale and was a member of Skull & Bones.
He helped write the treasonous Patriot Act.
Now he gets to "eat his own cooking" by using it to spy on law-abiding citizens.
The NWO fascist regime consolidates its control ...
"GOLD -- it's not just for misers anymore."
"Dollahs -- fire-starters for the K-wave winter." - Drano
"Three humps and a dump." - anotherone, 21 SEP 2004
"No gold was harmed in the making of this movie." - Bizarro Greenspan
[i]"Da Track. Da place where Morons bet on Animals Controlled by Criminals." - our jickiss
"Dollahs -- fire-starters for the K-wave winter." - Drano
"Three humps and a dump." - anotherone, 21 SEP 2004
"No gold was harmed in the making of this movie." - Bizarro Greenspan
[i]"Da Track. Da place where Morons bet on Animals Controlled by Criminals." - our jickiss
#13
BearHugs
- Stock Proctology Intern
-
- Group: Members
- Posts: 249
- Joined: 12-January 04
Posted 10 August 2004 - 09:18 AM
OIL, when I look at the monthly, I can see it hitting $100 in the next year or two. That's a nice up channel.
However, it does look like it should pullback in the short term somewhere in the $45-50 range. I don't think OIL gets bearish until below $30.
However, it does look like it should pullback in the short term somewhere in the $45-50 range. I don't think OIL gets bearish until below $30.
#14
GregFokker
- Dean of Stock Proctology
-
- Group: Moderators
- Posts: 14,974
- Joined: 02-February 02
Posted 10 August 2004 - 09:18 AM
What a disaster.
I weep for the future.
No one ever raises a peep as Big Brother tightens His grip.
I weep for the future.
No one ever raises a peep as Big Brother tightens His grip.
...A declining spenglerian carnival of Colossaalism united with Inflation where the numbers one through 10 are forever banished as worthless arithmetical detritus from a bygone age... - Beardrech
Naturally we believe the govt numbers... and Boobus Americanus sleepwalks off the edge of the energy-crisis cliff clutching his shares of "Crisco", Yoohoo and GooGah munching on his Yum Yums and Ho Hos. Future historians will have a hell of a time figuring out what the hell Americanus neanderthalus was thinking and exactly what brought on his sudden demise... - Henny Penny
Well, good night everyone. I gotta go lube up for tomorrow's regular end-of-week Gold Slapdown and Stock Index Bear Punishment Rally Weekend Greenprint. ...Probably another Shock-and-Awe Gap-Up-Open and Wire-to-Wire Meltup Runaway Bull Charge Mo-Mo Spike to Fresh New All-Time Lifetime Highs, culminating in a 4:15 yelping scalded dog runoff with panic short-covering and legal not-held bad double fills due to fast market conditions, plus quote system freeze-ups and trading platform lock-outs along the way. *yawn* typical gov't Friday. - Shorty
Naturally we believe the govt numbers... and Boobus Americanus sleepwalks off the edge of the energy-crisis cliff clutching his shares of "Crisco", Yoohoo and GooGah munching on his Yum Yums and Ho Hos. Future historians will have a hell of a time figuring out what the hell Americanus neanderthalus was thinking and exactly what brought on his sudden demise... - Henny Penny
Well, good night everyone. I gotta go lube up for tomorrow's regular end-of-week Gold Slapdown and Stock Index Bear Punishment Rally Weekend Greenprint. ...Probably another Shock-and-Awe Gap-Up-Open and Wire-to-Wire Meltup Runaway Bull Charge Mo-Mo Spike to Fresh New All-Time Lifetime Highs, culminating in a 4:15 yelping scalded dog runoff with panic short-covering and legal not-held bad double fills due to fast market conditions, plus quote system freeze-ups and trading platform lock-outs along the way. *yawn* typical gov't Friday. - Shorty
#15
brian4
- Clinical Professor of Stock Proctology
-
- Group: Banned
- Posts: 9,361
- Joined: 16-March 02
Posted 10 August 2004 - 09:25 AM
Morning Crew- I still expect a sharp down day as we consolidated at the lows yesterday, having said that it may not happen untill AL barfs up his rate hike. BUT the Astro's are bad today so it could fall apart anywhere on the trail. Window at the Bell for 40 minutes and once again the Chairthrower is in Da house at the open, Helmets on, Buckle up! 
Yes my stop is still 1072.
Yes my stop is still 1072.
