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B4 The Bell Thursday September 9


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#1 Hiding Bear

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Posted 09 September 2004 - 07:17 AM

:D Welcome to B4 The Bell! :D

After being told by many economists last spring that higher oil prices won't dent the economy, well some of these same economists are changing their tune.  Still most are quite optimistic, despite many signs of a slowdown:

Sept. 9 (Bloomberg) -- Higher energy prices are prompting economists to reduce U.S. growth forecasts for the third and fourth quarters of 2004, a monthly Bloomberg News survey showed.

The world's largest economy will grow at a 3.7 percent annual rate from July through September, slower than the 3.9 percent estimated last month, according to the median of 61 forecasts. Economists have slashed a half percentage point from third-quarter forecasts over the past two months.

``We're already seeing the adverse impact of higher oil prices,'' said Kathleen Camilli, founder of Camilli Economics LLC in New York, in an interview. Economists are ``surprised by how much higher oil prices impacted consumer psychology and subsequently consumer spending.''


http://quote.bloombe...efer=news_index

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Good trading! ;)

#2 DrStool

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Posted 09 September 2004 - 07:24 AM

Hurricane Ivan If you, you are in southern Florida, for God's sake, make preparations to leave now, and if the storm track does not change, you should leave no later than 48 hours before the storm is forecast to hit. I have started a thread at the above link for stoolies to share information, requests, and offers of assistance. If the storm continues on the forecast track at this level of intensity, it will be the greatest catastrophe to ever hit the US. God bless all Floridians. We have to hope that something happens that will cause this storm to dissipate before it hits anywhere.

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#3 DrStool

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Posted 09 September 2004 - 07:56 AM

Crucial Days

Next 4 Days Hold Key

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#4 Butterfield 8

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Posted 09 September 2004 - 07:59 AM

http://bigcharts.mar...tra&time=&freq=
http://www.nytimes.c.../09thu2.html?th

NYT Editorials on Cheney speech

Praying for Doc and all Florida stoolies and families. Safety first.

#5 DrStool

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Posted 09 September 2004 - 08:06 AM

Please use the Ivan thread to discuss the storm. I have moved your comments to that thread. http://www.capitalst...?showtopic=6227

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#6 Lock Limit Down

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Posted 09 September 2004 - 08:14 AM

Nokia boner underway
Always a reason to buy
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"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

#7 The brown one

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Posted 09 September 2004 - 08:17 AM

Someone just woke 990N up.And just when I was beginning to think this was part of the usual pre-scam week shenanigans.

#8 Guest_bullseatshitndie_*

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Posted 09 September 2004 - 08:21 AM

Nokia boner underway
Always a reason to buy

nok about a 54% haircut from high to low this year. lowered guidance numerous times. how nice of them to finally low ball it enough to beat. so tired of these bs games

#9 Lock Limit Down

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Posted 09 September 2004 - 08:21 AM

What really amazes is Nokias suspect past "all is good" outlooks only to be subsequently altered to lowered projections.
Market continues to want to believe..
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"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

#10 Lock Limit Down

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Posted 09 September 2004 - 08:25 AM

Appetite for US debt runs unabated
Yield again plummeting
Surreal
Everything seems to be so perfect
Greenscum validation rally today?
Wouldn't bet against it.
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

#11 Guest_bullseatshitndie_*

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Posted 09 September 2004 - 08:30 AM

jobless claims down 44k. why do i even bother.
the at all cost bush campaign in full force

#12 Lock Limit Down

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Posted 09 September 2004 - 08:35 AM

11 points on the Naz due Nokia
UB
Little frothy I would say
The peformance of the SOX is now a distant memory.
Watch them jam that one 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

#13 rog

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Posted 09 September 2004 - 08:36 AM

Pathmark (PTMK) reports ($0.05) missing by $0.09
lowers Y04 guidance by 50%
Same store sales 1.3%
revenues rose 1.6% year/year to $1.01b

"Earnings were negatively affected by incremental costs associated with increased promotional spending as well as continued gross profit pressures from inflation in certain categories"

"... cites higher medical expenses and a weakening in consumer demand.."

When supermarkets are warning and have negative (inflation adjusted) sales a recession has taken firm roots. I don't think these issues are unique to PMTK as Albertsons has been saying the same things for 6mos.

#14 BumRush

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Posted 09 September 2004 - 08:36 AM

Guy in the pit on Crapvision says dollar recovered yesterday and so expects equities up- what planet is he on? Dollar collapsed with the vapors yesterday after Greensin's talk and is under sedation in the sanatorium. How can these commentators allow the disinformation???

#15 Guest_bullseatshitndie_*

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Posted 09 September 2004 - 08:41 AM

How can these commentators allow the disinformation???

they are the incubator of disinformation. just like the govt, they are in biz to serve up lies





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