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B4 The Bell Wednesday Septemeber 8


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#46 GregFokker

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Posted 08 September 2004 - 10:30 AM

Post Scriptum- better add Rep. Gregory Meeks (D-NY) to the list. Thanks, Mr. Meeks- I agree as well.

...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


#47 brian4

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Posted 08 September 2004 - 10:32 AM

stopped for a small loss-looks like I will be back in shortly-window now closing and the freak show is about to begin-enter the Lizard King! Pig is on its own for a bit! ;) whoops filled already back in with 1125 puts stop 1125

#48 soup

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Posted 08 September 2004 - 10:33 AM

GF: What were these guyus screamng about?
""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

#49 Guest_bullseatshitndie_*

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Posted 08 September 2004 - 10:36 AM

bend over bears, spewbag is getting his gloves on

#50 GregFokker

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Posted 08 September 2004 - 10:36 AM

GF: What were these guyus screamng about?

Disgust for Cheney and the Bush admin- Cheney's cracks yesterday, the attacks on Kerry, their waste of money in Iraq, and their consistent fusilade of lies. Lewis said that the admin. would say ANYTHING to remain in power, and that truth was no object.

...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


#51 brian4

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Posted 08 September 2004 - 10:39 AM

opening in 2 minutes till 20 past the hour-Helmets on, Buckle up! ;)

#52 rog

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Posted 08 September 2004 - 10:41 AM

Mumbles speech:

"expansion has regained some traction"
"soft patch due to the previous rise in energy prices"
"business investment is on a solid upward trend" (apparently not so in tech)
"payroll gains picked back up in August"

1) oil @$43 is higher than when the "soft patch" began
2) ytd average of job creation at best shows deceleration
3) not one piece of data shows the recovery gaining traction. On the contrary every economic report has been softer than expectations that were already revised lower.

Mumbles is skating on very thin ice

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Posted 08 September 2004 - 10:48 AM

I just noticed a new "pay as you go" pitch in a Verizon Wireless banner ad. This is what the future holds for many services that have been available only to those who keep their accounts current. Once a person slips to a level of poverty that results in the disconnect of cable, phone or other services - often in concert with bankruptcy - these people no longer serve any useful purpose to the service providers.

By affording the option to allow deadbeats to fork over limited amounts of cash from time to time (like after stealing a set of hub caps, hocking them, and taking the proceeds to the nearest Verizon store in order to purchase 20 minutes to call momma on Mother's Day), these companies are now able to vacuum up the last crumbs that have fallen off the plate.

Apparently $100 per month cable bills and $200 per month cell phone bills aren't working for the "unemployed class." Will they be buying air conditioning by the minute?

#54 machinehead

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Posted 08 September 2004 - 10:48 AM

Regarding the Williams article about federal deficits (posted earlier), here is a quote directly from Mad Al's testimony this morning:

In 2003, outlays for Social Security and Medicare amounted to about 7 percent of GDP; according to the programs' trustees, by 2030 that ratio will nearly double.

Critical ... is the possibility that, as a nation, we may have already made promises to coming generations of retirees that we will be unable to fulfill.


Allowing for the understatement that is always used in soft-peddling unpleasant facts in the political realm -- what we have here is an open admission by the Greenman that the numbers don't add up, that something has got to give.

The choices are: (1) default; (2) hyperinflate. I bet on the latter. How 'bout you? :huh:
"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

#55 rog

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Posted 08 September 2004 - 10:52 AM

I just noticed a new "pay as you go" pitch in a Verizon Wireless banner ad. This is what the future holds for many services that have been available only to those who keep their accounts current. Once a person slips to a level of poverty that results in the disconnect of cable, phone or other services - often in concert with bankruptcy - these people no longer serve any useful purpose to the service providers.

By affording the option to allow deadbeats to fork over limited amounts of cash from time to time (like after stealing a set of hub caps, hocking them, and taking the proceeds to the nearest Verizon store in order to purchase 20 minutes to call momma on Mother's Day), these companies are now able to vacuum up the last crumbs that have fallen off the plate.

Apparently $100 per month cable bills and $200 per month cell phone bills aren't working for the "unemployed class." Will they be buying air conditioning by the minute?

LOL

Plunge, did you make it back to Ft lauderdale?

#56 brian4

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Posted 08 September 2004 - 10:54 AM

stop 1124

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Posted 08 September 2004 - 10:58 AM

Regarding the Williams article about federal deficits (posted earlier), here is a quote directly from Mad Al's testimony this morning:

In 2003, outlays for Social Security and Medicare amounted to about 7 percent of GDP; according to the programs' trustees, by 2030 that ratio will nearly double.

Critical ... is the possibility that, as a nation, we may have already made promises to coming generations of retirees that we will be unable to fulfill.


Allowing for the understatement that is always used in soft-peddling unpleasant facts in the political realm -- what we have here is an open admission by the Greenman that the numbers don't add up, that something has got to give.

The choices are: (1) default; (2) hyperinflate. I bet on the latter. How 'bout you? :huh:

When we hear him say that:

"I have implied promises to the nation that I am unable to fulfill,"

then we'll know it's game-over.


His admission that the United States is effectively bankrupt - with no way out - is profound. Not being able to care for America's elderly is the death of the American Dream. Pushing retirement obligations out onto some distant future horizon only works until it doesn't.

#58 machinehead

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Posted 08 September 2004 - 11:00 AM

SOX weakening. Divergences widening.

This little House of Horrors is about to be torched.

* slips quietly out the back door *
"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 08 September 2004 - 11:01 AM

I just noticed a new "pay as you go" pitch in a Verizon Wireless banner ad.  This is what the future holds for many services that have been available only to those who keep their accounts current.  Once a person slips to a level of poverty that results in the disconnect of cable, phone or other services - often in concert with bankruptcy - these people no longer serve any useful purpose to the service providers.

By affording the option to allow deadbeats to fork over limited amounts of cash from time to time (like after stealing a set of hub caps, hocking them, and taking the proceeds to the nearest Verizon store in order to purchase 20 minutes to call momma on Mother's Day), these companies are now able to vacuum up the last crumbs that have fallen off the plate.

Apparently $100 per month cable bills and $200 per month cell phone bills aren't working for the "unemployed class."  Will they be buying air conditioning by the minute?

LOL

Plunge, did you make it back to Ft lauderdale?

Still hanging at Mission Beach, CA but heading back tomorrow in time for Ivan. I hear that my neighborhood came through in good shape, and a buddy of mine has been raving about the epic surf, which will no doubt kick up again soon out of the south as Ivan approaches. There's probably not a hell of a lot of beach left at my place, but it always comes back eventually.

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Posted 08 September 2004 - 11:05 AM

More bullish news...


GM boosts incentives on '05 models

After slow sales last month, General Motors increases rebates on 2005 model-year cars and trucks.
September 8, 2004: 11:01 AM EDT


NEW YORK (CNN/Money) - After a drop in sales last month, General Motors Wednesday announced increased cash incentives on 2005 model year cars and trucks.

Cash rebates on most 2005 models has been increased by $500 to $1,000, said GM spokeswoman Deborah Silverman. Last month, GM was offering $1,000 rebates on most 2005 models. The range of rebates now runs from $500 to as much as $3,500, Silverman said.

The $3,500 rebates are available only on the Chevrolet Venture and Pontiac Montana minivans, both models that are being discontinued. Most rebates fall into the $500 to $1,500 range, Silverman said.


http://money.cnn.com...bates/index.htm





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