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B4 the Bell Humpday, Sept. 22, 2004


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#16 zensmoke

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Posted 22 September 2004 - 08:46 AM

Twinkies Maker Seeking Ch. 11 Protection
Wednesday September 22, 8:41 am ET 
Twinkies, Wonder Bread Maker Reportedly Files for Bankruptcy Protection

KANSAS CITY, Mo. (AP) -- Interstate Bakeries Corp., the nation's largest wholesaler baker whose products include Twinkies and Wonder Bread, filed for Chapter 11 bankruptcy reorganization early Wednesday, according to a published report.

http://biz.yahoo.com...nkruptcy_3.html

#17 GregFokker

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Posted 22 September 2004 - 08:47 AM

Twinkies Maker Seeking Ch. 11 Protection
Wednesday September 22, 8:41 am ET 
Twinkies, Wonder Bread Maker Reportedly Files for Bankruptcy Protection

KANSAS CITY, Mo. (AP) -- Interstate Bakeries Corp., the nation's largest wholesaler baker whose products include Twinkies and Wonder Bread, filed for Chapter 11 bankruptcy reorganization early Wednesday, according to a published report.

http://biz.yahoo.com...nkruptcy_3.html

Gee wiz, maybe people are tired of eating garbage masquerading as food....

Good riddance.

...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


#18 Stool in a Pool

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Posted 22 September 2004 - 08:49 AM

Twinkies Maker Seeking Ch. 11 Protection
Wednesday September 22, 8:41 am ET 
Twinkies, Wonder Bread Maker Reportedly Files for Bankruptcy Protection

KANSAS CITY, Mo. (AP) -- Interstate Bakeries Corp., the nation's largest wholesaler baker whose products include Twinkies and Wonder Bread, filed for Chapter 11 bankruptcy reorganization early Wednesday, according to a published report.

http://biz.yahoo.com...nkruptcy_3.html

There goes my "Twinkies Defence" :blink:

#19 zensmoke

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Posted 22 September 2004 - 08:51 AM

Lucent mulls new cuts in retiree benefits - WSJ
Wed Sep 22, 2004 01:21 AM ET
NEW YORK, Sept 22 (Reuters) - Lucent Technologies Inc. (LU.N: Quote, Profile, Research) , one of the world's biggest telecommunications equipment makers, is planning additional cuts in retiree health-care benefits, the Wall Street Journal reported on Wednesday.
Murray Hill, N.J.-based Lucent said in a letter to retirees that rising costs and the company's need to remain competitive made the step necessary, the newspaper said, adding the move will affect thousands of former employeees.

http://yahoo.reuters...22152536_newsml

#20 Stool in a Pool

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Posted 22 September 2004 - 08:55 AM

Lucent mulls new cuts in retiree benefits - WSJ
Wed Sep 22, 2004 01:21 AM ET
NEW YORK, Sept 22 (Reuters) - Lucent Technologies Inc. (LU.N: Quote, Profile, Research) , one of the world's biggest telecommunications equipment makers, is planning additional cuts in retiree health-care benefits, the Wall Street Journal reported on Wednesday.
Murray Hill, N.J.-based Lucent said in a letter to retirees that rising costs and the company's need to remain competitive made the step necessary, the newspaper said, adding the move will affect thousands of former employeees.

http://yahoo.reuters...22152536_newsml

I bet exectuive management is on a different health plan. :angry:

#21 The brown one

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Posted 22 September 2004 - 08:59 AM

Lucent mulls new cuts in retiree benefits - WSJ
Wed Sep 22, 2004 01:21 AM ET
NEW YORK, Sept 22 (Reuters) - Lucent Technologies Inc. (LU.N: Quote, Profile, Research) , one of the world's biggest telecommunications equipment makers, is planning additional cuts in retiree health-care benefits, the Wall Street Journal reported on Wednesday.
Murray Hill, N.J.-based Lucent said in a letter to retirees that rising costs and the company's need to remain competitive made the step necessary, the newspaper said, adding the move will affect thousands of former employeees.

http://yahoo.reuters...22152536_newsml

Thin end of the wedge.First you cut back on health scare benefits.Retirees get sick but cannot afford the doctor's bills.Retirees start dying like flies through untreated illness.Company reduces pension benefit burden substantially thro' early death of retirees.

Or am I just a bit cynical B)

#22 zensmoke

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Posted 22 September 2004 - 08:59 AM

ConAgra Foods 1Q Profit Declines
Wednesday September 22, 7:50 am ET 
ConAgra Foods Posts Drop in 1Q Profit on Discontinued Operations, Higher Raw Material Costs


OMAHA, Neb. (AP) -- ConAgra Foods Inc., the country's top food producer, said Wednesday that first-quarter earnings declined year-over-year due to higher raw material costs and the sale of some operations.

http://biz.yahoo.com..._conagra_1.html

#23 orvack

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Posted 22 September 2004 - 09:01 AM

PMs trashed. US Peso back in favor.

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#24 HiHat

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Posted 22 September 2004 - 09:02 AM

Yesterday i posted my trade plan was to get short SnP...@ 1135-1137 area
if reached.

When trade was @ 1132 yesterday......trigger finger was twitching...but
decided to hold off and see if there was follow thru today...

Probably a mistake as it looks like 1132 may be high before correction
sets in

Will try and get short at some point today, depending how i see action
evolving........................................................................................

#25 machinehead

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Posted 22 September 2004 - 09:06 AM

The ugly implication of that Lucent story is that puffing earnings with layoffs has a sting in the tail, at least for companies with generous retirement plans.

In exchange for cutting current-year wage costs, the company gets a long string of future additions to pension costs.

Smells somewhat like the fixed-to-floating interest swaps at the low point for rates. The future was mortgaged away for the present benefit of option-compensated managers. Now the deferred pain is coming due. :o
"GOLD -- it's not just for misers anymore."

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"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

#26 DrStool

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Posted 22 September 2004 - 09:09 AM

MoGauge Just Sits There

With Rates Near Record Lows

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#27 zensmoke

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Posted 22 September 2004 - 09:16 AM

FEDEX CORP. (FDX)
Sees 2005 earnings of $4.40 to $4.60 a share, below
anal cyst views of $4.61; posted first-quarter earnings of
$1.08, in line with anal cyst views.
Tuesday Close: $88.69
Net Change: Up 14 cents
% Change: 0.2%
Volume: 1.8M Shares

#28 Lock Limit Down

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Posted 22 September 2004 - 09:17 AM

The ugly implication of that Lucent story is that puffing earnings with layoffs has a sting in the tail, at least for companies with generous retirement plans.

In exchange for cutting current-year wage costs, the company gets a long string of future additions to pension costs.

Smells somewhat like the fixed-to-floating interest swaps at the low point for rates. The future was mortgaged away for the present benefit of option-compensated managers. Now the deferred pain is coming due. :o

Excellent observation MH

So many warning shots across the bow
So few care...


Reviewing the tick action yesterday leaves me stunned.
Someone was sleeping on the buy button throughout the entire day.
Until the tick machine blows a gasket fighting the interference may be a frightening experience...

28 Trading days to go and power will never again be bothered with irritating elections.

Take Delivery
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

#29 traderfromhell

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Posted 22 September 2004 - 09:17 AM


I remain stupidly in the deflation camp with a nod towards hyperinflation as the possible end-game when fiat finally dies implying the death of the republic. 

Nice opening, Yobob.
I concur with your assessment of the current state of things and the end game. In a post some months ago I said that rising commodity prices are not necessarily inflationary, that a strong bond market and higher commodity prices can coexist. This occurred during much of the 1929-1949 period. Today's investor only remembers the consumer inflationary period, when capacity utilization was high and financial regulation was heavy. That's gone. We are living in a time where few, if any, investors have experience. They keep looking behind them expecting their past to repeat itself. We may be reliving a past time, just not one of our experience. The post WW II period was a golden one for stocks because they were cheap, as the investors of that era expected a replay of the Depression which was the dominant event of their lives. Today's investor expects the return of consumer inflation and a bull market, the dominant events of their lives.
We are truly hostage to our experience. The ones who can rise above their experience, who do not attempt to paint the current state of affairs with the colors of their limited vision, will do well. The rest will simply be frustrated as they keep looking for yesterday's events to replay themselves.

Interesting concept. The question remains do you hold worthless dollars or metals?
Don't steal. The government hates competition.

#30 orvack

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Posted 22 September 2004 - 09:17 AM

Doc : Wednesday 07:45 ETUS - Gold broke the short term downtrend...


We don't have the same downtrend.. I would like to know if anyone has a different chart as well. Tanks.

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