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B4 the Bell, Freedomday, Aug. 13, 2004


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#76 lenygold

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Posted 13 August 2004 - 10:29 AM

Dow futures makin' another run at 9800..if they get thru..that should outta do it..

I am reading in Russian newspapers the biggest oil byer is United States.
Thay expect 60 -65 $ for barrel. I thing this could explain trade deficit.

#77 GregFokker

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Posted 13 August 2004 - 10:31 AM

Anyone see that opening 2.08 total p/c ratio?

...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


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Posted 13 August 2004 - 10:33 AM

Great Link, Hunter...Thanks.

#79 Bearbones

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Posted 13 August 2004 - 10:34 AM

I am reading in Russian newspapers the biggest oil byer is United States.
Thay expect 60 -65 $ for barrel. I thing this could explain trade deficit.

FWIW Louise Yamada expects $67. First, I keep hearing rumors that the strategic reserve will be tapped. Or should we begin calling it the oil market stabilization reserve?

#80 machinehead

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Posted 13 August 2004 - 10:38 AM

I am reading in  Russian newspapers the biggest oil byer is United States.
Thay expect 60 -65 $ for barrel. I thing this could explain trade deficit.

FWIW Louise Yamada expects $67. First, I keep hearing rumors that the strategic reserve will be tapped. Or should we begin calling it the oil market stabilization reserve?

How 'bout the Black Hole?

The earl checks in, but it never checks out ... :lol:
"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

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Posted 13 August 2004 - 10:42 AM

Reports: Bush tax cuts help rich
Congressional Budget Office says tax burden fell for those making $1M, increased for lower levels.
August 13, 2004: 7:22 AM EDT

NEW YORK (Reuters) - President George W. Bush's tax cuts have transferred the federal tax burden from the richest Americans to middle-class families, with one-third of the cuts benefiting people with the top 1 percent of income, according to a government report cited in newspapers Friday.

The Congressional Budget Office report, to be released Friday, is likely to fuel the debate over the cuts between Bush and his Democratic challenger in November, Sen. John Kerry.

The report said the top 1 percent, with incomes averaging $1.2 million per year, will receive an average $78,460 tax cut this year, and have seen their share of the total tax burden fall roughly 2 percentage points to 20.1 percent, according to The New York Times.

In contrast, households in the middle 20 percent, with incomes averaging $57,000 per year, will receive an average cut of only $1,090, the newspaper said, citing the CBO report.

http://money.cnn.com...ion_taxes.reut/

#82 Bearbones

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Posted 13 August 2004 - 10:42 AM

Re: oil

Have the bozos stopped blaming the speculators yet?

When will they begin to blame the Fed and the administration for artificially goosing demand thus creating boom conditions in China, India and elsewhere in an effort to stem the natural forces of post-bubble liquidation?

#83 Sphinxter

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Posted 13 August 2004 - 10:50 AM

Re: oil

Have the bozos stopped blaming the speculators yet?

When will they begin to blame the Fed and the administration for artificially goosing demand thus creating boom conditions in China, India and elsewhere in an effort to stem the natural forces of post-bubble liquidation?

I think the oil market is among the most self-deluded in existence.

Look at the 10 year forward contracts.

$28/bbl?

Only in the wildest global depression ever. Maybe.

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Posted 13 August 2004 - 10:51 AM

Re: oil

Have the bozos stopped blaming the speculators yet?

When will they begin to blame the Fed and the administration for artificially goosing demand thus creating boom conditions in China, India and elsewhere in an effort to stem the natural forces of post-bubble liquidation?

Some vast assumptions were made...strategic assumptions which have not panned out. All of those points you made are of course true, but Rumsfeld guaranteed unlimited oil supply from Iraq, followed by the takeove of Iran and Venezuela, thereby assuring "managed" oil prices under the control of his Royal Anus, Dick Cheney.

Rumsfeld was the weak link in the strategy. The whole plan will fail because of his hubris and arrogance...not to mention an Arab population who don't seem to take to kindly to ultimatums.

#85 Sphinxter

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Posted 13 August 2004 - 10:51 AM

Time for Act II of today's dolor decline.

Posted Image

#86 Drano

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Posted 13 August 2004 - 10:52 AM

lenygold -- I don't remember seeing your first post before. Welcome to Stoolville. Are you in Russia, or do you just read Russian newspapers?
Of course I'm caustic!

#87 DrStool

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Posted 13 August 2004 - 10:52 AM

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#88 Drano

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Posted 13 August 2004 - 10:58 AM

Sledd: APOL announces plan to convert all UOPX (U of Phoenix Online) shares to APOL shares. Harris Nesbitt immediately downgrades it to Neutral from Outperform. I think they meant Ouch-perform.
Of course I'm caustic!

#89 Sphinxter

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Posted 13 August 2004 - 11:01 AM

The "Mea Culpa" from the Washington Post on their failed pre-war coverage leaves me cold.

In retrospect, said Executive Editor Leonard Downie Jr., "we were so focused on trying to figure out what the administration was doing that we were not giving the same play to people who said it wouldn't be a good idea to go to war and were questioning the administration's rationale. Not enough of those stories were put on the front page. That was a mistake on my part."

Across the country, "the voices raising questions about the war were lonely ones," Downie said. "We didn't pay enough attention to the minority."


Lonely?

Maybe Downie should have peeked out his window at the largest peace-time demonstration(s) ever held in US history.

They happened right in his town, right outside his building.

Kinda hard to miss, wouldn't you say Downie?

Lonely?

I believe there's a special place in hell for revisionists. The WaPo staff just earned a spot.

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Posted 13 August 2004 - 11:01 AM

Oil about to blow through $46





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