wndysrf Posted October 20, 2004 Report Share Posted October 20, 2004 Wish you well, yobob1 Take a rest, clear your head. You'll be back. Maybe tomorrow when global markets are crashing... Link to comment Share on other sites More sharing options...
NWD Posted October 20, 2004 Report Share Posted October 20, 2004 Heard something on the radio tonight. Somebody-or-other in the government with this analysis of the economic woes of the commercial airline industry. Americans have, on the average, put on weight. This extra ballast is adding almost half a billion dollars a year to airline fuel expense. I guess these people have meetings at which they figure out what tomorrow's line of malarkey is going to be and everybody follows it. Today's line was: Take some heat off the administration by making people feel guilty about the deteriorating economy. Link to comment Share on other sites More sharing options...
The End Posted October 20, 2004 Report Share Posted October 20, 2004 If I was a mega bull, I would call this down up down an abc wave 2. I ain't a mega bull though. Link to comment Share on other sites More sharing options...
jstrack Posted October 20, 2004 Report Share Posted October 20, 2004 LINK Seems like the tide could be turning for a flexible exchange rate in China? Oh dollar how I loved thee.... SHANGHAI (AFX) - China could move towards a more flexible exchange rate system while maintaining a stable currency, the Beijing Morning Post reported, citing Yu Yongding, a member of the monetary policy committee of the People's Bank of China, the country's central bank "If the yuan exchange rate appreciates by one, two or even three percent, or depreciates at the same pace, does that mean an unstable exchange rate? The answer is obviously no," Yu was quoted as saying in a magazine published by the State Administration of Foreign Exchange (SAFE) "To keep the exchange rate stable does not mean the system could not be changed," said Yu, also the director of the Institute of World Economics and Politics under the Chinese Academy of Social Science (CASS), a government think-tank Earlier this month, SAFE reiterated its stance that no timetable exists to allow the currency to float freely and that a "one-off" revaluation of the currency is both "impossible" and "unwise" The PBoC followed that with a statement on its website reiterating its policy of maintaining the yuan's "stability" However, earlier state media reports quoted He Fan, another senior researcher with CASS, as saying he expects to see a 10 pct appreciation in the yuan Last week, Guo Shuqing, SAFE's director, said there will not be much impact on exports and employment if the yuan exchange rate is allowed to float in a controllable range China's currency has been pegged at about 8.3 yuan to the dollar for the past 10 years. Its major trading partners, particularly the US and EU, have been lobbying the central government to revalue the currency, claiming it is undervalued, giving Chinese exporters an unfair advantage over rivals (1 usd = 8.3 yuan) Link to comment Share on other sites More sharing options...
brian4 Posted October 20, 2004 Report Share Posted October 20, 2004 Funny that comment should come from the Snow man, he always looks like he spent the night under the nearest bar stool or on or under the nearest pool table. Link to comment Share on other sites More sharing options...
brian4 Posted October 20, 2004 Report Share Posted October 20, 2004 The Nikkei's dead cat bounce lasted 30 seconds and they spiked down right thru the floor! Link to comment Share on other sites More sharing options...
Ned38 Posted October 20, 2004 Report Share Posted October 20, 2004 Nikki Nik Nik Nik now down 200 to 10,862 Link to comment Share on other sites More sharing options...
anotherone Posted October 20, 2004 Report Share Posted October 20, 2004 Nikki Nik Nik Nik now down 200 to 10,862 Al will have to get on the Bat Phone right away---unless he's voting for Kerry. In that case, busy signal. Link to comment Share on other sites More sharing options...
jstrack Posted October 20, 2004 Report Share Posted October 20, 2004 Or alternative fuel bat car.....MDI :grin: Link to comment Share on other sites More sharing options...
anotherone Posted October 20, 2004 Report Share Posted October 20, 2004 Al Slams on The Brakes Stops Rally Dead in Tracks Fed Update is now posted! Know what Al and his crew are up to, and how it's likely to affect the markets. Take a subscribatory and download your daily Fed Report. 30 Day Intro Subscribatory. Just $16.99! Get In RIGHT NOW! AL CASTS VOTE FOR KERRY!!!!! Link to comment Share on other sites More sharing options...
The End Posted October 20, 2004 Report Share Posted October 20, 2004 Listening to Jason G at Ike's place from yesterday. He points to the P/C ratio being over one 4 out of 5 days last week and every time that has occured(5 times) The market was at least 5% higher 20 days later. I ain't betting that way no mo but, it is something to think about. Link to comment Share on other sites More sharing options...
jstrack Posted October 20, 2004 Report Share Posted October 20, 2004 The MDI, Every Politician Has One.....bet you didn't know that.... Link to comment Share on other sites More sharing options...
Guest Posted October 20, 2004 Report Share Posted October 20, 2004 when i read the anals i thought i would find mention of spx 960 or 965 nothin i'll never understand cyclces. only thing i know/understand AT SPX 965 WE'LL FIND OUT WHO WINS i'm still bettin on DA BEARS Link to comment Share on other sites More sharing options...
anotherone Posted October 20, 2004 Report Share Posted October 20, 2004 Listening to Jason G at Ike's place from yeterday. He points to the P/C ratio being over one 4 out of 5 days last week and every time that has occured(5 times) The market was at least 5% higher 20 days later. I ain't betting that way no mo but, it is something to think about. But first it drops 5%. Then, d=ong for a 10% gain. Link to comment Share on other sites More sharing options...
Tchaikofsky Posted October 20, 2004 Report Share Posted October 20, 2004 Nikki Nik Nik Nik now down 200 to 10,862 Now they're pulling the old "lunch break trick." Only thing that's stopped the decline so far. Link to comment Share on other sites More sharing options...
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