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Poll: Wednesday's Upthrust

Is Wednesday's Upthrust

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#31 cwd

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Posted 19 August 2009 - 10:02 PM

burn all the crops

slaughter all the farm animals

then print money to stimulate the economy by replacing them



I think FDR tried that, and it didn't work then. <_<

#32 chiefywiefy

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Posted 19 August 2009 - 10:02 PM

Is Wednesday's Upthrust
An Upthrust [ 5 ] [25.00%]
A Signal to Sell [ 8 ] [40.00%]
More of the Same [ 7 ] [35.00%]


It let me vote for all three simultaneously. I feel like I'm back in Chicago. :rolleyes:

#33 Jorma

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Posted 19 August 2009 - 10:30 PM

Bingo. Budget deficit less than expected.

White House to Lower 2009 Deficit Estimate to $1.58 Trillion (down from 1.84)
http://www.bloomberg...id=aqCKY..16XmA

My mini obsession with how they were going to hit 1.84T when they just passed $1T a few week back is answered. They won't. Break out the champagne.

I am not sure if the swelling of the TARP account with returned money is part of this calculation. The whole $700 billion was borrowed after all. (Another mystery here is that in Feb. TARP cash balance was reported to be under 130 yet two weeks ago a Treasury guy said it was $300+billion.)

There is always the age old game with SS surplus money too. That money is taken by the Treasury and subtracted from the annual deficit number for the year. Then the next day is put into the total deficit.

I wouldn't be surprised if the Treasury actually sells near $2T of debt this year and yet the reported deficit will be that new and improved $1.58T

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#34 Jimi

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Posted 19 August 2009 - 10:47 PM

:huh:

"Do you think Jimi is awesome"?

:huh:

Talk about softballs!!

40 years ago today, I was probably getting my diaper changed....
Sure glad all my albums went GOLD.
"Ferdy-bee-bee-dee-ferbs."
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I love you, TASR!
YOU MAKE KITTY SCARED
Tops Take Time
Postulate A Free Lunch Economy
Anyone, now, who is not genuinely afraid is a moran.
[T]housands of empty stucco crapboxes vacated after being circle-jerk sham-traded among corrupt borkers, uppraisers and loan officers from 100K up to 800K, then "nopay-walkaway" (with dirty loan cash in pockets)
Guess again, girlfriend.
Or, $2.7 million every effing day since the effing pinball machine.
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#35 joestool

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Posted 19 August 2009 - 10:56 PM

next I suppose they'll convince folks to bulldoze their houses, and print more money to handout for them to buy new ones (and take on even more debt)

you know, to "stimulate the economy" <_<

why not just bomb the entire country back into the dark ages, then print a billion trillion of new FRN's to rebuild it

that would be even more stimulating


Brilliant Shorty!
In 3 short posts a modern rendition of the combined essays:

Jonathan Swift, "A Modest Proposal", 1729
and
Frédéric Bastiat, "Ce qu’on voit et ce qu’on ne voit pas", 1850
Pecunia non olet

#36 joestool

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Posted 19 August 2009 - 10:58 PM

Oh yeah; I'm still here by the way: Rumors of my demise have been greatly exaggerated. :D
Pecunia non olet

#37 Goldmember

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Posted 19 August 2009 - 11:09 PM

<h2 class="post-title">Break Down Or Else- Professional Edition</h2>
by Lee Adler, Wednesday, August 19, 2009, in Professional Edition, Today's Markets | Permalink |Comments (0) Edit There are plenty of intermediate sell signals in the group and sector ETFs and the broad market charts but, so far, the market is only moving sideways. Bears need a price break within days, or this will turn out to be just another internal correction in an uptrending market. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.



I think that's an excellent snapshot of where we are. I would interpret that as: Shrot the lower highs for the next week or more... or...be a patient dip-dongin' girle-bull :P into the same time-frame.
Anthony caused pearls to be dissolved in wine to drink the health of Cleopatra; Sir Richard Whittington was as foolishly magnificent in an entertainment to King Henry V; and Sir Thomas Gresham drank a diamond, dissolved in wine, to the health of Queen Elizabeth, when she opened the Royal Exchange; but the breakfast of this roguish Dutchman was as splendid as either. He had an advantage, too, over his wasteful predecessors: their gems did not improve the taste or the wholesomeness of their wine, while his tulip was quite delicious with his red herring.here

#38 quanta

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Posted 19 August 2009 - 11:18 PM

:huh:

"Do you think Jimi is awesome"?

:huh:

Talk about softballs!!

40 years ago today, I was probably getting my diaper changed....


Oh you kidz. At least we have the media today to recall and remember.
That is a real gift of civilization, the ability to re-live across generations.

My father-in-law owned a bar (Pal Mal) on the corner of Haight and Ashbury.
Unless you where there, it is still hard to sense the attitude and conditions of the time.

At least the Internet gives us a glimpse of what was going on.
Earlier periods in history just seem more dusty...
Don't look too close...
The current Weatha
In mathematics you don't understand things. You just get used to them. Johann von Neumann
We're all frinkin' doomed The Mogambo Guru
In the long run, we're all dead John Maynard Keynes
If voting changed anything, they'd make it illegal Emma Goldman
Time flies like an arrow; fruit flies like a banana G. Marx

#39 Jimi

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Posted 19 August 2009 - 11:59 PM

then print more money to stimulate the economy

:lol: :lol: :lol:

OMG. WIPING AWAY TEARS OF LAUGHTER HERE....
Sure glad all my albums went GOLD.
"Ferdy-bee-bee-dee-ferbs."
Subscribe & Earn Karma Miles with Every Visit!
Rule #5 Professional Exemption.
Blind Follower, Just Think Positive Hyperinflation, I Get Paid 500 Quadrillion Dollars/Hour at 1000% Interest/Hour Compounding Forever Each Mouse Click Religion.
"I too observe 'flation.'"
I love you, TASR!
YOU MAKE KITTY SCARED
Tops Take Time
Postulate A Free Lunch Economy
Anyone, now, who is not genuinely afraid is a moran.
[T]housands of empty stucco crapboxes vacated after being circle-jerk sham-traded among corrupt borkers, uppraisers and loan officers from 100K up to 800K, then "nopay-walkaway" (with dirty loan cash in pockets)
Guess again, girlfriend.
Or, $2.7 million every effing day since the effing pinball machine.
Permabear Hysterian

#40 Ags Nightmare

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Posted 20 August 2009 - 12:26 AM

You are on a roll today Shorty....It looks like we need a new "gimmick"...in the "New Normal Bubble" where the sheep believe they are getting free sheet and walk away with more debt and less discretionary income.

NY dealers pull out of clunkers program
Aug 19 02:00 PM US/Eastern
By DAN STRUMPF
AP Auto Writer


NEW YORK (AP) - Hundreds of auto dealers in the New York area have withdrawn from the government's Cash for Clunkers program, citing delays in getting reimbursed by the government, a dealership group said Wednesday.

The Greater New York Automobile Dealers Association, which represents dealerships in the New York metro area, said about half its 425 members have left the program because they cannot afford to offer more rebates. They're also worried about getting repaid.


http://www.breitbart...;show_article=1


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#41 Ags Nightmare

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Posted 20 August 2009 - 12:35 AM

But there is "Cash for Wankers " gimmick going on underneath the disabled hoods of perfectly functional cars ............

AutoNation execs cashing out as stock jumps on 'cash for clunkers'

The popular "Cash for Clunkers" program, which recently received Congressional approval for another $2 billion in funds, marked a pivotal turning point in the evolution of bailouts: It made politicians realize bailouts are fine, as long as voters get a piece of the pork too. Or, as the saying goes, "I want either less corruption or more opportunity to participate in it."

According to SEC filings analyzed by DailyFinance, AutoNation insiders have sold $20.8 million in stock since the end of July, as the stock price has doubled since March. The selling was led by Michael Jackson, company Chairman and CEO, and Michael Maroone, President and COO, both of whom sold more than $9 million in stock. Four other insiders also sold stock in amounts ranging from a few thousand dollars to more than $800 thousand.

The transactions involved the use of company-granted stock options, so the total gains were less than the sale amounts. Still, the use of long-dated stock options with years until expiration should raise the antennae of observers who have curiously been watching auto stocks rally


http://www.dailyfina...h-for-clunkers/


"I went out and bought an Apple Computer; it had a worm in it"....."When I was born, I was so ugly that the doctor slapped my mother"....'I played hide and seek; they wouldn't even look for me.'- Rodney Dangerfield

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#42 Jimi

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Posted 20 August 2009 - 12:47 AM

Wait until Americans en masse decide to participate in "Cash for Money," by flooding to local coin shops and pawn shops to swap their FRNs for gold and silver......
Sure glad all my albums went GOLD.
"Ferdy-bee-bee-dee-ferbs."
Subscribe & Earn Karma Miles with Every Visit!
Rule #5 Professional Exemption.
Blind Follower, Just Think Positive Hyperinflation, I Get Paid 500 Quadrillion Dollars/Hour at 1000% Interest/Hour Compounding Forever Each Mouse Click Religion.
"I too observe 'flation.'"
I love you, TASR!
YOU MAKE KITTY SCARED
Tops Take Time
Postulate A Free Lunch Economy
Anyone, now, who is not genuinely afraid is a moran.
[T]housands of empty stucco crapboxes vacated after being circle-jerk sham-traded among corrupt borkers, uppraisers and loan officers from 100K up to 800K, then "nopay-walkaway" (with dirty loan cash in pockets)
Guess again, girlfriend.
Or, $2.7 million every effing day since the effing pinball machine.
Permabear Hysterian

#43 Ags Nightmare

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Posted 20 August 2009 - 01:02 AM

I know there is another gimmick coming soon Jimi. This ones lost it's edge. They'll run through the whole consumer discretionary chain until they get to Cash for Crox. If you get your toes smashed in an escalator you get a free emergency room visit and a prosthetic rebate if you lose a few digits.

Got a feeling we'll be seeing our annual Midnight Madness Walmart trampling of the security guard before Halloween this year.
"I went out and bought an Apple Computer; it had a worm in it"....."When I was born, I was so ugly that the doctor slapped my mother"....'I played hide and seek; they wouldn't even look for me.'- Rodney Dangerfield

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#44 Jimbo

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Posted 20 August 2009 - 05:01 AM

CASH FOR CRASH

Smash up an old car in an accident - get a new one for free!!!!!!!!!!!

After all if you crash a financial or motor stock you get a fed bail out. :ninja: :ninja:
timoleon





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