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B4 the Bell Toozleday Aug 31, 2004


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#16 brian4

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Posted 31 August 2004 - 09:26 AM

Morning Crew- well I don't expect UP just more DOWN- window opens 7 minutes in and runs to 1/4 past the hour. In the Repubs love fest last nite featuring good old Red Rudy-note nothing , nada, zip, zilch about the economy or the deficit just about how Saadam was a threat and now isn't, some platform Huh! Plunger and Doc get the Hell out of there this blow looks nasty!- Helmets on, Buckle up! ;)

#17 Lock Limit Down

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Posted 31 August 2004 - 09:41 AM

Another clean sweep opening
Bonds Up Check
Stocks Up Check
Oil Down Check
Metals Down Check
Dollar OOPS Down slightly
4 out of 5 in anycase

Tick blast already
Here they come
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

#18 Guest_yobob1_*

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Posted 31 August 2004 - 09:42 AM

Frances projected path

Mickey straps down the ears

#19 Lock Limit Down

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Posted 31 August 2004 - 09:45 AM

14 minutes to the first +1000 tick today
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

#20 Butterfield 8

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Posted 31 August 2004 - 09:51 AM

Take care, Doc. Board up and split

#21 Guest_yobob1_*

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Posted 31 August 2004 - 09:52 AM

Any reckoning probably will be gradual. Unlike stocks, the general level of home prices couldn't plunge 20% or 30% in a few days. Many homeowners would refuse to sell if they couldn't get something near their target price, so it could take years for the market to adjust to a new supply-demand reality. Because local conditions vary, prices may continue to rise in some cities while falling in others.


No they couldn't plunge in a few days - heck it might take 3 or 4 weeks when the flippers and speculators stampede. :lol:

No they couldn't sell because they owe more than the thing is worth. Of course if they lose their job at pimping mortgages they might not be able to make the payments on their 500K bungalow either. That being the case the bank will more than happily arrange the sale of their house and then sue them for the difference between what they owe and what the bank received.

Prediction: the now zero down environment will rapidly shift to a 20%+ down and income to housing expense ratios will revert to 28% instead of the now accepted 40-50%

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Posted 31 August 2004 - 09:56 AM

Take care, Doc. Board up and split

Avoid the rush -- get out early. This one looks UGLY.

#23 rog

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Posted 31 August 2004 - 09:59 AM

Any reckoning probably will be gradual. Unlike stocks, the general level of home prices couldn't plunge 20% or 30% in a few days. Many homeowners would refuse to sell if they couldn't get something near their target price, so it could take years for the market to adjust to a new supply-demand reality. Because local conditions vary, prices may continue to rise in some cities while falling in others.


No they couldn't plunge in a few days - heck it might take 3 or 4 weeks when the flippers and speculators stampede. :lol:

Exactly. I know of a condo complex in NJ (commuting distance to NYC w/ bus & train stations) that is 3 years old. The average unit has flipped three times already. Prices have risen from $180 to 400k for two bed room attached units. A friend owns one that has been vacant since he bought it a year ago. Asking $3200 for rent.

I tried explaining that $3200/mo would buy a 5000 sqft mcmansion. Wouldn't hear any of it. Good luck to him

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Posted 31 August 2004 - 10:02 AM

U.S. Aug. consumer confidence falls sharply By Greg Robb
WASHINGTON (CBS.MW) -- U.S. consumer confidence fell sharply in August, the Conference Board said Tuesday. The consumer confidence index declined to 98.2 in August from a revised 105.7 in July. This is the largest drop in the index since February. The level of confidence is the lowest since May. The decline in the index was below expectations. Economists expected the index to fall slightly to 103.6. The July confidence index was revised down from the initial estimate of 106.1. The present situation index fell to 100.7 from 106.4, while the expectations index dropped to 96.6 from 105.3. Lynn Franco, the director of the Conference Board's Consumer Research Center said the slowdown in job growth in the past two months has curbed confidence.

#25 brian4

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Posted 31 August 2004 - 10:04 AM

Top is in now the bottom falls out! ;)

#26 orvack

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Posted 31 August 2004 - 10:07 AM

Small Uranium stocks moving 5-10% again today.

NCR.v +10.52%
IUC.to +6.44%


India faces serious uranium shortage

With eight new uranium power plants under construction, the three uranium mines might not be enough to fulfil the fuel needs. 

Three and half decades after India’s first nuclear power plant became commercial, the country for the first time is facing a serious uranium shortage that may lead to a possible fuel crisis in the atomic energy programme in the near future.

“There is a shortfall in uranium availability as power plants are consuming uranium at a fast rate. We have intentionally decided to run some of the power plants below their maximum capacity just to reduce fuel consumption. But we hope to close the mismatch within two years if new mines come up,” Dr S Banerjee, Director of Bhabha Atomic Research Centre (BARC) told Deccan Herald in an exclusive interview.



http://www.deccanher...ly262004/n6.asp



#27 orvack

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Posted 31 August 2004 - 10:13 AM

Enough of that "doollah squeeze" bull.. Cycles rolling over.

Sep.'04 US DOLLAR INDEX
89.23
-0.51 :lol:

#28 The brown one

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Posted 31 August 2004 - 10:14 AM

U.S. Aug. consumer confidence falls sharply By Greg Robb
WASHINGTON (CBS.MW) -- U.S. consumer confidence fell sharply in August, the Conference Board said Tuesday. The consumer confidence index declined to 98.2 in August from a revised 105.7 in July. This is the largest drop in the index since February. The level of confidence is the lowest since May. The decline in the index was below expectations.

The decline in the index was below expectations

Don't they mean that the decline was greater than expected therefore above expectations :o

#29 orvack

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Posted 31 August 2004 - 10:14 AM

Oct.'04 GOLD, COMEX
408.30
-0.10 :blink:

Sep.'04 US DOLLAR INDEX
89.20
-0.54

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Posted 31 August 2004 - 10:15 AM

TXN taking it on the chin. Lot of big bagholders in that one. Joe-6 is not going to be happy with his mutuals.





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