DrStool Posted March 17, 2008 Report Share Posted March 17, 2008 Good Morning! Welcome to Intraday Stool! Thanks to aussiebear for her daily opening! You can join the discussion by registering (PG rated user names only, please) and posting here as well. Registration is easy. Just click the Register link above, enter your email address (which you have the option to keep confidential), and enter a user name. To keep out spammers and scammers, I'll send you an email with a few Monty Python type questions. Just reply with your answers, and I'll approve your registration as soon as I receive your reply. Unfortunately, due to the barrage of spammers using Gmail and certain European email providers, including yahoo.co.uk, we cannot process any registrations associated with a gmail address. In that case please use the email address from your isp, or some other provider. If you have questions about how to register and post, use the Help link in the menu bar at the top of the page. If you know others who might be interested in joining us, use the email to a friend link above the thread. Many tanks for joining us! Doc Try the Professional Edition risk free for thirty days. If, within that time you don't find the information helpful, I'll give you a full refund. It's that simple!Click here for more information. Subscribe to the Wall Street Examiner Professional Edition Precious Metals Daily, just $39 quarterly. Try it risk free for 30 days! Get this indispensable daily analysis and support the Stool! Link to comment Share on other sites More sharing options...
DrStool Posted March 17, 2008 Report Share Posted March 17, 2008 For those who missed it last night, I posted an explanatory article last night on the new WSE board. http://wallstreetexaminer.com/discuss/index.php?topic=6.0 Link to comment Share on other sites More sharing options...
Captain's Log Posted March 17, 2008 Report Share Posted March 17, 2008 When I put this together earlier this year, it was parody. I didn't think it was a prophesy. Let's call a plumber. Link to comment Share on other sites More sharing options...
Mies van der Rump Posted March 17, 2008 Report Share Posted March 17, 2008 Nice call by fox last night on the 38.2 Fib. Looks like that may be where they open 'er today. This smells like stick save EOD (or Armageddon!) Link to comment Share on other sites More sharing options...
DrStool Posted March 17, 2008 Report Share Posted March 17, 2008 Watching crapvision for the first time in years. They have a panel discussion. They are all just yelling at each other. Link to comment Share on other sites More sharing options...
cwd Posted March 17, 2008 Report Share Posted March 17, 2008 CNBSer, BSC bondholders are saved, government guaranteed, now AAA,UFB Link to comment Share on other sites More sharing options...
cwd Posted March 17, 2008 Report Share Posted March 17, 2008 CNBSers can't believe Spoozer only down 23 , Helo Ben has saved the system, standby for an A$$blast. Link to comment Share on other sites More sharing options...
DrStool Posted March 17, 2008 Report Share Posted March 17, 2008 I think it will be a gap and go. No reversal. Link to comment Share on other sites More sharing options...
DrStool Posted March 17, 2008 Report Share Posted March 17, 2008 Did anybody clue that guy in that his stop at $29 wouldn't do any good? Link to comment Share on other sites More sharing options...
cwd Posted March 17, 2008 Report Share Posted March 17, 2008 We have been conned and now people besides the Stoolies realize the Emperor has no clothes. For ordinary Americans, though, it has been a different story. Real wages have been growing slowly; at just 1.6% a year on average over the latest upswing, well down on the experience of earlier decades. Business, of course, needs consumers to carry on spending in order to make money, so a way had to be found to persuade households to do their patriotic duty. The method chosen was simple. Whip up a colossal housing bubble, convince consumers that it makes sense to borrow money against the rising value of their homes to supplement their meagre real wage growth and watch the profits roll in. As they did - for a while. Now it's payback time and the mood could get very ugly. Americans, to put it bluntly, have been conned. They have been duped by a bunch of serpent-tongued hucksters who packed up the wagon and made it across the county line before a lynch mob could be formed. The debate now is not about whether the US is in recession but how deep and long that recession will be. Super-bears have started to say that this is perhaps "The Big One", by which they mean the onset of a new Great Depression. The need to rescue Bear Stearns has done little to still those voices. http://www.guardian.co.uk/business/2008/ma...omics.useconomy Link to comment Share on other sites More sharing options...
fxfox Posted March 17, 2008 Report Share Posted March 17, 2008 I think it will be a gap and go. No reversal. 652042[/snapback] gap up? Link to comment Share on other sites More sharing options...
DrStool Posted March 17, 2008 Report Share Posted March 17, 2008 Just reading the BSC message board over at Yahoo. Pretty funny stuff. Evidently Cramer put a buy on BSC at 84. http://messages.finance.yahoo.com/Stocks_%...gesview?bn=2670 Link to comment Share on other sites More sharing options...
dorfinator Posted March 17, 2008 Report Share Posted March 17, 2008 We have been conned and now people besides the Stoolies realize the Emperor has no clothes. For ordinary Americans, though, it has been a different story. Real wages have been growing slowly; at just 1.6% a year on average over the latest upswing, well down on the experience of earlier decades. Business, of course, needs consumers to carry on spending in order to make money, so a way had to be found to persuade households to do their patriotic duty. The method chosen was simple. Whip up a colossal housing bubble, convince consumers that it makes sense to borrow money against the rising value of their homes to supplement their meagre real wage growth and watch the profits roll in. As they did - for a while. Now it's payback time and the mood could get very ugly. Americans, to put it bluntly, have been conned. They have been duped by a bunch of serpent-tongued hucksters who packed up the wagon and made it across the county line before a lynch mob could be formed. The debate now is not about whether the US is in recession but how deep and long that recession will be. Super-bears have started to say that this is perhaps "The Big One", by which they mean the onset of a new Great Depression. The need to rescue Bear Stearns has done little to still those voices. http://www.guardian.co.uk/business/2008/ma...omics.useconomy 652044[/snapback] It made it easier for the masses to plunge head first into this mess when they saw their stocks tank in the 1999-2000 tech bubble bust. "Hey, my house was still going up in value, I think I'll start flipping houses instead of stocks!" Link to comment Share on other sites More sharing options...
dorfinator Posted March 17, 2008 Report Share Posted March 17, 2008 gap up?? 652045[/snapback] I have the same question as I'm sitting on some March Diamond puts that I need to sell this week and a gap this morning would definitely help Down that is! Link to comment Share on other sites More sharing options...
dorfinator Posted March 17, 2008 Report Share Posted March 17, 2008 CNBSers arguing like I've never seen before. Amazing! They can't believe how BSC couldn't figure out how to get their act together. Link to comment Share on other sites More sharing options...
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