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FOMC HedgeFund Meeting: Coming Up


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#31 wndysrf

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Posted 17 March 2005 - 06:58 PM

ORCL CFO resigns..........

Carnage on this one tomorrow???

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The Weimar Run: Bullphoria!!!!

#32

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Posted 17 March 2005 - 07:02 PM

ORCL CFO resigns..........

Carnage on this one tomorrow???

eeargohfff!

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Posted 17 March 2005 - 07:07 PM

Well, well.

Today's Wall Street Journal reports AIG $100 Million accounting error.

Honest mistake.

Minor, insignificant.

There will be no more revelations.

Trust me.

Clean as a whistle.

Lily white.

Buy the dip.

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Posted 17 March 2005 - 07:10 PM

Meg Whitman, in testimony today before a Congressional panel, denied using steroids but refused to answer questions regarding insider stock options, accounting irregularities, or the booming business in stolen goods trafficking.

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#35 BAREister

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Posted 17 March 2005 - 07:20 PM

Meg Whitman, in testimony today before a Congressional panel, denied using steroids but refused to answer questions regarding insider stock options, accounting irregularities, or the booming business in stolen goods trafficking.

<{POST_SNAPBACK}>



Is this true or mere satire?

PUHHHHHLEEEEEeezzz don't mock Princetonians!!!

After all, Rummy is one of 'em. FRONTLINE called Iraq HIS war.

And to think HRFF thot THAT was ALL the fawlt of the newly appointed head of the WORLD BONK, aptly? named WOLFsumpthin.

#36 Metamucil

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Posted 17 March 2005 - 07:23 PM

Aloha from the Kohala Coast. Just stopped in for a check on my miners. I do believe this decade-old cup-handle is The Anti Foobar......mahalo.

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"I know the human being and fish can coexist peacefully"____George W. Bush, 7/29/2000

#37 BeerMarket

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Posted 17 March 2005 - 07:24 PM

nothin' to worry about, my rearview mirror says iPod sales are great:

Samsung has plan to lead MP3 market in 2007, says report

Samsung Electronics Co. Ltd. plans to overtake Apple Computer Inc. as the world's largest supplier of portable jukebox-style music players by 2007, according to a Korea Times report, citing a senior company executive of the company as its source.
Although Samsung is the world's largest supplier of memory chips and liquid crystal displays it is only the eighth largest supplier of MP3 players, the report said.



#38 jickiss

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Posted 17 March 2005 - 07:27 PM

jickiss is back!

and

In Houour of MachineHead, here is another Foobar Chart.
will Foobar cross Drooy????

that is the question!

Foobar:

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"Every Bubble ends in fear and panic. This one will too." --Machinehead, March 29, 2005

On September 06, 2006, TRE closed at $6.50.
On September 19, 2006, CDE closed at $46.30 (adjusted for reverse split)
.


On Oct. 17, '06, Goldman (GS) closed at $183.07 (jickiss Sell) whilst Newmont (NEM) closed at $43.24 (jickiss Buy).

"Politics in America has become a playground of fictions. The politicians tell the public what the public wants to hear. Whether the question is social security, education, budget deficits or national security, the public wants to believe that things aren�t so bad." --Written by J.R. Nyquist, December 8, 2006.

"Private sector employees will never retire, they will work literally to death, dying sick broke and busted with absolutely no hope whatsoever." -- Shorty, on March 15, 2009.

"Luck is the most precious commodity in the world." Brisbane Bear, October 25, 2007.

"Luck favors the prepared mind." Mr. James Dines, back in the 80s, in "The Dines Letter."

"With Luck, anything is Possible, but without Luck, virtually nothing Good ever happens." --- The jickiss Mantra, sad but True.

#39 Metamucil

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Posted 17 March 2005 - 07:28 PM

Aloha from the Kohala Coast. Just stopped in for a check on my miners. I do believe this decade-old cup-handle is The Anti Foobar......mahalo.

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<{POST_SNAPBACK}>


Yes, we shall go and catch some mahi-mahi.......good volume at this time of the year B)
Never mind the AU volume......move along.....

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"I know the human being and fish can coexist peacefully"____George W. Bush, 7/29/2000

#40 BAREister

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Posted 17 March 2005 - 07:32 PM

the exciting fast-paced world of international currency trading with 200:1 FX leverage has turned out to be, uhm...a little too exciting and fast-paced

so this leaves me with only three other choices

1. fire my boss and run my own home-based business earning thousands of dollars a day from the comfort of my living room wearing pajamas, as an Ebay Power Seller

2. take advantage of the unlimited demand from gourmet restaurants right here in my local area and get my share of the huge profits from growing delicious exotic mushrooms in my basement

3. follow in the footsteps of millions of other purchasers of the $495 book/cassette/CD/DVD/VHS starter package and learn how I too can build my own real estate empire using OPM

:huh:

maybe I'll just jump back on the FNM highway to hell and ride it all the way down to zero

<{POST_SNAPBACK}>


Smoke the mushrooms. You'll feel better.

Caveat: This is not intended as financial or personal advice. Consult a professional before making any decisions. :P

<{POST_SNAPBACK}>


"That's correct your Honor. After explaining my choices to him, he clearly advised me to invest my life savings of $50,000 in the mushroom franchise. The necessary watering caused my foundation to crumble and my Home, appraised by Ditech at $1.2 Million, fell into a giant sinkhole. I am suing Mr. Another for treble damages plus pain and suffering and an additional punitive amount for a total of $5 Million plus legal fees and travel to the trial and hotel expenses, including those little liquor shots in the hotel room refrigerator and the $5 candy bars, of which I've consumed dozens thus far due to the stress caused by Mr. Another's reckless advice. I pursue this lawsuit not for money, but to send a message, and to help other potential victims."

<{POST_SNAPBACK}>


This simply DEVASTATINGLY LOGICAL LEGAL argument provided, gratis?, by The BAREister, who is on a retainer paid with humor and wit by/of/from poster of the above.

#41 Hiding Bear

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Posted 17 March 2005 - 07:40 PM

FNM delays filing of 10k for the fifth time.

Isn't about time they just fess up and admit they have no clue how much they did or did not make over the last year? And, that they have no idea what if any assets they have.

If they promise to follow all the rules from now and count each and every bean, can we all get back to speculating on real estate?

<{POST_SNAPBACK}>


Hmmm. Has anyone considered delisting FNM? Even more prudent - have any of these Wall Street bucket shops ever thought that maybe they shouldn't have in their portfolio any stock, bond, or mortgage back security with a company that has no audited financial statements?

To the extent that it is determined that Fannie Mae misapplied additional accounting principles, the impact may be significant to Fannie Maes financial position or the results of operations for 2004 and restated results of operations for prior periods that Fannie Mae ultimately reports. Because Fannie Mae is still in the early stages of this process, which began in December 2004, Fannie Mae is unable to reasonably estimate the effect of these issues on its reported results of operations for purposes of this Form 12b-25.


http://www.sec.gov/A...06919nt10vk.htm

Get this quote, the problem is not company specific but people specific. Just a matter of a few bad entries made by individuals - and who need financial statements anyway?

"The fact that this happened is bad, but the specifics relate more to the people (involved) that the company," said one equity anal cyst who declined to be named.

"I think people are a little inured to these sorts of things," he said.


http://online.wsj.co..._006593,00.html

#42 Brisbane Bear

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Posted 17 March 2005 - 08:16 PM

in a "startling " development in OZ inventories are building...it appears as if the consumer has stopped buying shit....doesn't stop the "orbs" from continuing on its merry way... :blink:


Industry says economic crunch coming fast
By Tim Colebatch
Economics editor
Canberra
March 18, 2005

Manufacturing production
A slower economy and higher prices make it risky to increase interest rates, a key industry group says.


In a startling development, stocks of finished products have mounted faster in the past three months than at any time since the survey began in 1992. Few firms report export growth.

http://www.theage.co...0913736912.html

#43 Slappy

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Posted 17 March 2005 - 08:27 PM

nothin' to worry about, my rearview mirror says iPod sales are great:

Samsung has plan to lead MP3 market in 2007, says report

Samsung Electronics Co. Ltd. plans to overtake Apple Computer Inc. as the world's largest supplier of portable jukebox-style music players by 2007, according to a Korea Times report, citing a senior company executive of the company as its source.
Although Samsung is the world's largest supplier of memory chips and liquid crystal displays it is only the eighth largest supplier of MP3 players, the report said.

<{POST_SNAPBACK}>


... this is likely to happen... Samsung is executing at amazing levels... but wait 'til late 2006 when you can get your tech stocks by cutting the coupons off of box tops of major food products....

#44 GTNWORSE

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Posted 17 March 2005 - 08:29 PM

My ongoing real estate saga:
This morning I was startled to find a new listing for a condo not far from mine. It has essentially the same square footage, 1368, but they have 3 bedrooms vs. my humble 2. They are on the top floor of a 3 story building so they have a "view". I have no view, but mine is a townhome with two nice patios. They have a newer building.
They are asking $1,088,000
Unbelievable. My solid $749M is probably $849M. I've started to look for a rental and will try to put my place on the market next week.
I'll keep you posted.
I'm probably early....but who knows.

#45 frances perkins

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Posted 17 March 2005 - 08:35 PM

Miss Francis 'Fannie' Fubar, age 36, was run over by a truck today, smashed to fresh 4-year lows and left for dead in the Street.

Fannie is not merely the second largest financial entity in the country, after Citibank. Via her mortgage securitization, she's an engine of Real Estate Asset Inflation, the motor of Bubble II. With a balance sheet larger than the Federal Reserve's, Fannie is arguably a larger creator of money and credit than the Fed itself.

Make no mistake: Fannie is a vital keystone of the US Ponzi Pyramid economy. If this Engine of Asset Inflation is shut down, the Fed will face grim choices in replacing Fannie's firehose of credit creation.

One option would be to ramp up flows through Al Leeson's 'FOMC Cayman branch.' However, boosting the 'back channel' from tens to hundreds of billions a quarter poses serious 'visibility' problems.

But replacing Fannie's liquidity through the front door -- by accelerating the Fed's balance sheet growth from $50 billion to $200 or 300 billion a year -- would be a public clarion call for hyperinflation and dollar collapse.

We can't know what the desperate loonies at the helm of the Ponzi Pyramid economy will do next.

But the Fannie collapse is only the beginning, not the end, of a dismal process.

Fannie is SCREAMING DANGER to anyone who will listen. The warning is not just about FNM stock. It's about ALL paper securities, including the dollar.

The hour has grown very, very late. When the true state of Fannie's shareholders equity (or lack thereof) is revealed, an 'air pocket' could result. There's no need to be one of the bagholders. Just run like hell.

<{POST_SNAPBACK}>


At 9.29 a.m., Reuters reported that U.S. investigators have found instances of Fannie Mae employees falsifying signatures on accounting ledgers and making changes in earnings-related records without following proper procedures.

The story seems to have been disappeared. I have looked at Reuters website and Yahoo financial news and can find nothing.





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