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B4 the Bell Frydaddy Oct 8, 2004


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#76 zensmoke

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Posted 08 October 2004 - 10:17 AM

Remarks by Governor Ben S. Bernanke
At the Federal Reserve Bank of St. Louis Conference, Reflections on Monetary Policy: Twenty-Five Years After 1979, St. Louis, Missouri
October 8, 2004
Panel discussion: What Have We Learned Since October 1979?
http://www.federalre...008/default.htm

#77 brian4

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Posted 08 October 2004 - 10:23 AM

Window now closed, it was fine we got anothe new low and lots more technical damage, they keep trying to ramp it but the Spoo's won't go with them. Patience the pressure is off for awhile, if they can't move it up now then they can't period! ;)

#78 machinehead

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Posted 08 October 2004 - 10:23 AM

Panel discussion: What Have We Learned Since October 1979?
http://www.federalre...008/default.htm

Answer: "JACK SH*T"
"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

#79 Lock Limit Down

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Posted 08 October 2004 - 10:26 AM

54 minutes to the first negative tick
Now lets kill this lie
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

#80 brian4

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Posted 08 October 2004 - 10:28 AM

Pot just blasted off!

#81 Bearbones

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Posted 08 October 2004 - 10:29 AM

But do we "gifted or cursed" really see what is transpiring?

Or are we also in for a big surprise?

It wouldn't be a surprise if we could predict it.

The outlier, that which is not expected, is something that takes everyone out of their comfort zone. To date it's all been managed whether it be currencies,rates or asset prices. The most difficult to manage are commodities and currencies.
A more serious decline in the dollar would force the Fed to raise short rates quicker and higher than they would like. Perhaps the rising commodity prices bring on a dollar crisis.

Eventually, highly priced markets and economies succumb to shocks because they are unstable. You just can't know when, where and what will do it.

#82 Lock Limit Down

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Posted 08 October 2004 - 10:30 AM

SOX
HGX
Market will have a tough time without a stick save soon
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

#83 zensmoke

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Posted 08 October 2004 - 10:31 AM

Inventories grew 0.9% in August
Inventories-sales ratio at 1.15 for third month in a row

By Corbett B. Daly, CBS Marketwatch
Last Update: 10:09 AM ET Oct. 8, 2004 

WASHINGTON (CBS.MW) -- Wholesale inventories rose 0.9 percent in August, the largest increase since March, the Commerce Department said Friday.


The rise was slightly higher than the 0.8 percent increase forecast by economists polled by CBS MarketWatch.

Wholesale sales rose 1.2 percent in the month. The inventories-sales ratio, and indication of demand, remained at 1.15 for the third consecutive month. That is slightly above April's record low of 1.12.

Inventories in July were revised to a 1.5 percent increase after the initial estimate of a 1.3 percent rise.

Durable goods inventories rose 1.7 percent for the second consecutive month. Automobile inventories rose 1.7 percent in August after rising 2.4 percent in July.

Non-durable goods inventories fell 0.3 percent in August after rising 1.2 percent in July.

http://cbs.marketwat.....}&siteid=mktw

#84 NWD

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Posted 08 October 2004 - 10:34 AM

Panel discussion: What Have We Learned Since October 1979?
http://www.federalre...008/default.htm

Answer: "JACK SH*T"

Scrolling down, I see you have put my exact thought into words.

#85 rog

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Posted 08 October 2004 - 10:35 AM

Rapidly approaching ripcord level for PHM. The stock is now up 6% for the year. However 90% of this years volume was purcahsed around $52 a loss of 5% on the year.

With mutual funds returns running at less than 1% for the year and Hedgies running on the flat line -5% is a big problem. Will they jam or will the fold?

#86 soup

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Posted 08 October 2004 - 10:38 AM

This is the first day in ages that the spx is underperformng the dow. Not sure what, if anything, that means, but I vote for the the bearish outcome.
""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

#87 machinehead

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Posted 08 October 2004 - 10:38 AM

NDX LOD.

Head FUR the hills, she's gonna blow! :shocked
"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

#88 Lock Limit Down

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Posted 08 October 2004 - 10:39 AM

BKX coming off the finger
last one to go
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

#89 BeerMarket

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Posted 08 October 2004 - 10:39 AM

what many would have regarded as an embarrassing slip has become a theme of the Bush campaign - don't tax the rich, they won't pay anyway:
Oct 4 in Iowa:
President's Remarks at an Ask President Bush Event in Clive, Iowa

Let me tell you one other problem he has with that. He says, oh, I'm just going to tax the rich. Well, the rich hire lawyers and accountants for a reason -- that's to stick you with the tab. But we're not going to let him tax you, we're going to carry Iowa and the country in November. (Applause.)

then 3 days later in WI:
President's Remarks at a Victory 2004 Rally in Wausau, Wisconsin

THE PRESIDENT: And unfortunately that's the kind of promise more politicians keep. (Laughter.) He says the tax relief -- the tax increase is only for the rich. Now, you've heard that before. The rich hire lawyers and accountants for a reason -- to stick you with the bill. (Laughter.) The good news is we're not going to let him tax us this year. We're going to carry Wisconsin and win a great victory in November. (Applause.)

AUDIENCE: Four more years! Four more years! Four more years!



#90 Farmer

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Posted 08 October 2004 - 10:40 AM

Sometimes Pot blow their lid right off. :rolleyes: :) :grin:





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