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IDS World Markets Fri 12th October 07


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#46 DrStool

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Posted 12 October 2007 - 10:30 AM

So much for my and my cousin's obviously worthless opinions.

Let's drop the subject.

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#47 Drano

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Posted 12 October 2007 - 10:30 AM

Going back to the market... anyone else think we turn down again today?

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yes.
Of course I'm caustic!

#48 Bungster

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Posted 12 October 2007 - 10:31 AM

Going back to the market... anyone else think we turn down again today?

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Nope....not me...Of course my "vision" has been a little off recently....

blurry.jpg
"It's tough to make predictions, especially about the future" Yogi Berra
"If you believe people are rational beings, you will go through life frustrated and confused" Scott Adams
"Don't dig the dialog of denial"
"No, I don't know that atheists should be considered as citizens, nor should they be considered as patriots. This is one nation under God." George W. Bush

#49 PyurAureo

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Posted 12 October 2007 - 10:31 AM

Going back to the market... anyone else think we turn down again today?

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No

#50 DrStool

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Posted 12 October 2007 - 10:32 AM

Going back to the market... anyone else think we turn down again today?

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Yes

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#51 Benny Hoo Hoo

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Posted 12 October 2007 - 10:32 AM

Well it appears as though it was just a Baby Ruth bar floating in the pool yesterday.

Everybody back in the pool!

#52 Bungster

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Posted 12 October 2007 - 10:33 AM

Well....we just retraced 50% of the move from yesterday on the Nazdaq 100....I wonder if that means anything.....
"It's tough to make predictions, especially about the future" Yogi Berra
"If you believe people are rational beings, you will go through life frustrated and confused" Scott Adams
"Don't dig the dialog of denial"
"No, I don't know that atheists should be considered as citizens, nor should they be considered as patriots. This is one nation under God." George W. Bush

#53 cwd

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Posted 12 October 2007 - 10:35 AM

Say it ain't so. Hank :angry:

MARKET SOS TO THE SEC
By JOHN CRUDELE


October 11, 2007 -- DID Federal Reserve Chairman Ben Bernanke give away any secrets to Treasury Secretary Hank Paulson when the two had an hour-long lunch on Aug. 16?
And did Paulson share what he and Bernanke discussed with anyone in the hours immediately after that lunch?

Those are two key questions that the Securities & Exchange Commission needs to address if the integrity of the financial markets is to be protected.

Those points are particularly pertinent because Paulson has confessed that he "talks regularly to market participants," the kind of folks who could profit handsomely from the slightest hint as to what the chairman of the Fed is thinking

http://www.nypost.co..._to_the_sec.htm

#54 Bungster

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Posted 12 October 2007 - 10:36 AM

Well it appears as though it was just a Baby Ruth bar floating in the pool yesterday. 

Everybody back in the pool!

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Count me in........

shark_pool.jpg
"It's tough to make predictions, especially about the future" Yogi Berra
"If you believe people are rational beings, you will go through life frustrated and confused" Scott Adams
"Don't dig the dialog of denial"
"No, I don't know that atheists should be considered as citizens, nor should they be considered as patriots. This is one nation under God." George W. Bush

#55 4shzl

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Posted 12 October 2007 - 10:36 AM

Going back to the market... anyone else think we turn down again today?

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HGX and RLX both vote for lower. If the trannies give up their gains, then we'll know for sure.
The problem with Californians is that they think that death is optional. -- Aldous Huxley

The folly of mistaking a paradox for a discovery, a metaphor for a proof, a torrent of verbiage for a spring of capital truths, and oneself for an oracle, is inborn in us. -- Paul Valéry

#56 dogsie

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Posted 12 October 2007 - 10:40 AM

Strange, SOX up a percent yet SMH is down 2.7%
Insanity: doing the same thing over and over again and expecting different results. Albert Einstein
You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time. Abraham Lincoln
Those who cannot remember the past are condemned to repeat it George Santayana

#57 Slappy

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Posted 12 October 2007 - 10:40 AM

.....

Well, like I said he has been the butt of many jokes here. On the other hand, a member of my family, whom I love, admire, and trust totally, heaped extraordinary praise on the man, and he did so in response to a direct question from me without a second's hesitation.

So, you can take whatever you want from all the sites around the web dedicated to ridiculing the man. I have an opinion from someone close to me who works for him and knows him fairly well. I give that some weight.

Each side of the Gore debate has its adherents. I think we can leave that at that. It's off topic anyway.  I should not have raised it.

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I wasn't really poking fun there, Doc. The Pro-Gore web page was a little over the top but it made the case that he 'created the legislation' that made the public internet possible. That's a big score for all of us and needs to be differentiated from the street interpretation that he 'invented the internet'.

#58 patents

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Posted 12 October 2007 - 10:50 AM

Say it ain't so. Hank :angry:

MARKET SOS TO THE SEC
By JOHN CRUDELE


October 11, 2007 -- DID Federal Reserve Chairman Ben Bernanke give away any secrets to Treasury Secretary Hank Paulson when the two had an hour-long lunch on Aug. 16?
And did Paulson share what he and Bernanke discussed with anyone in the hours immediately after that lunch?

Those are two key questions that the Securities & Exchange Commission needs to address if the integrity of the financial markets is to be protected.

Those points are particularly pertinent because Paulson has confessed that he "talks regularly to market participants," the kind of folks who could profit handsomely from the slightest hint as to what the chairman of the Fed is thinking

http://www.nypost.co..._to_the_sec.htm

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Those people really got to wake up and smell the roses.

First, the Fed clearly states that they coordinate action with the primary dealers/major market players. So, if the lower masses in the Fed can do it, why can't the bosses do it?

Second, the banking system is not governed by the antitrust laws (according to the DOJ Antitrust Guidelines). So what is the possible outcome of any investigation?

Fools.

Once again the media does a half-??? job and fail to see what is in plain sight right in front of them.

#59 Speakeasy

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Posted 12 October 2007 - 10:50 AM

Going back to the market... anyone else think we turn down again today?

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yes.

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Si, si! SDS looks like it is making a bottom.

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  • SDS.JPG

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  • SDS_join.jpg

Behind every great fortune there is a crime. ~ Honore de Balzac
One must live the way one thinks, or end up thinking the way one lives
~ Paul Bourget

#60 LeeWhee

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Posted 12 October 2007 - 10:52 AM

Spoozer busted the trendline off the 9/24 lows (1507) with some authoritah yesterday. Now we need to find out whether it was a fakedown breakdown or not. I s'pose a move back over 1565 should answer that question.

Pulling back a bit further, the SPX is now pivoting around the topping zone from July b/w 1532-1555. If/when 1532 gives way, it opens up a move back down to 1490-1510ish.

If we get a selldown to those lower levels, looks like a brick wall formed down around 1490ish where the neckline of the reverse McHuge is located.

So if we do get a near-term top, whether now or later this month, strikes me that the downside would be contained in the 1490ish zone, which would be about a 5.5% decline from the 1576 peak. Obviously, if we go higher than 1576, then the selloff would/could be larger in pct terms.

Of course, if 1532-1540 holds, the Spoozer might just keep on a-rampin' to points unknown without a smackdoodle. There's always that possibility.

But with so many of the gitchies giving off frothy signals, there's a good chance the fraudexes will need to get at least a brief 5%+ whuppin' to re-set the table a bit.

It's unusual to see froth rear its head in Oct, since this is more frequently a month where we find dDover Sole lows. But that's the way the crooks have set it up this time 'round.

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"I'm not a real estate bum. I wear diamonds and Rolexes. I'm a classy Realtorô."--- Liz "Flaming Orange" Seither, Clearwater, FL, who owes lenders millions of dollars in debts.

"Men do not desire to be rich, but to be richer than other men."---John Stuart Mill (1806-1873)

"When the music stops, things will be complicated. But as long as the music is playing, you've got to get up and dance. We're still dancing..."---Citigroup CEO Chucky "Master of Timing" Prince, 7/9/07

"Wall Street is a graveyard of geniuses."---Chriss Street, Treasurer, Orange County, CA, 7/27/07

"It was never my thinking that made big money for me. It was my sitting. Men who can be both right and sit tight are uncommon. I found it one of the hardest things to learn."---Jesse Livermore

"You can kill a sheep just once, but you can fleece him 100 times."---Jeff Macke

"Stocks are no longer the weather glass of fortune, but a part of the mask employed to disguise the nation's own face to itself." ---Horace Walpole, 1782





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