B4 The Bell Thursday October 7
284 replies to this topic
Posted 07 October 2004 - 07:11 PM
This little chart still on the buy side.
So why did I go short yesterday! I must be nuts!
Butt today was sweet.
Posted 07 October 2004 - 07:39 PM
I see some are saying that OIL might settle back towards $40.
As if there is some comfort in OIL at $40.
OIL at $40 is really,really expensive by standards.
High enough to ensure a decent recession at least.
One wacker on Crapvision said that rising Oil prices is like a pseudo interest rate rise...it isnt you fornicate knuckle,everyone uses OIL,no avoiding it,unless you use peddle power..
Everyone is asleep
Posted 07 October 2004 - 07:41 PM
Thanks for posting this every night.
I am just going to wait for your chart and Doc's reports to turn a little more negative before jumping back on the short side. However I don't think I will have to wait very long.
Posted 07 October 2004 - 07:50 PM
Bernanke signals a slower speed for interest rate hikes:
Looks like they dropped the 'traction' story and went back to the 'soft patch' one. Upcoming soon, the Fed will describe the next level down as the 'soft landing', to be followed soon after as the economy sinks lower as the 'falling to the gates of h*ll' level.
Sorry no link.
Posted 07 October 2004 - 07:59 PM
Bearing Point - yuh, stinks. look at the chart
Posted 07 October 2004 - 08:00 PM
Not quite like. When interest rate rises, creditors benefit while debtors suffer. When crude oil price rises, even bikers suffers (assuming he lives in an oil import country).
Posted 07 October 2004 - 08:04 PM
Unless the Employment report is bonkers, or "Debate", blows up
i think an attempt will be made to breach 1145.
If that plays out........and fails, then a descent correction may set in.
Of course it may go to Hell in a hand basket, forewith.......or break
through the 1145 area
If "the trend is your friend",,,,,,,,this market does'nt make friends.
Posted 07 October 2004 - 08:05 PM
Plunger - when you coming back? miss your perspective. ( Have a great time. Stockholm is a very cool place?
Posted 07 October 2004 - 08:28 PM
Have to disagree Hi-hatty- I think at best for the Bulls today was the start of probably a week long correction and then maybe 1145 or today could have been it for the entire Bear Market bounce. TE posted his numbers earlier and I pretty much agree with them. On a break of 1115 I will double up and break 1101 I am a slobbering balls to the wall Bear!
Posted 07 October 2004 - 08:32 PM
A word about OIL every shill says oil will decline in price. Big Oil has huge outstanding short positions cuz the wise guys don't believe what is happening. That means we go higher- when it does correct is when shill street chant $80.- a barrel or higher, higher not till then!
Posted 07 October 2004 - 09:06 PM
Bush, Cheney Concede Saddam Had No WMDs
WASHINGTON (AP) - President Bush and his vice president conceded Thursday in the clearest terms yet that Saddam Hussein had no weapons of mass destruction, even as they tried to shift the Iraq war debate to a new issue - whether the invasion was justified because Saddam was abusing a U.N. oil-for-food program.
Posted 07 October 2004 - 09:47 PM
I'm so glad they threw out that law which said the marriage is only between a man and a women. It will now come down to State's rights.
Me and Flossy are thinking of moving to BAAAssatuchetes.
Posted 07 October 2004 - 10:19 PM
The House is just starting to consider H.R. 10, the so-called "9/11 Recommendations Implementation Act." (I mean now, at 10:00 p.m.)
It is full of new Patriot Act style crackdowns on both citizens and aliens that were not recommended by the commission, including a "life travel history" of U.S. citizens.
These "dirty work" bills are typically amended and passed in the wee hours of morning when legislative rules can be circumvented, and few people are around. When dawn breaks, no one knows how all the bad stuff got in there.
This obnoxious piece of Nazi-style legislation (which Rep. Ron Paul accurately warned us about two months ago) is intended to be reconciled in conference with the Senate version (also to be voted on this week) and signed by Bush before the election.
The constitution is already dead, but with this bill they will defecate on the lifeless document.
"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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