TheDeepBlueSea Posted March 20, 2003 Report Posted March 20, 2003 SOMETIMES, NEWS IS NOT JUST NOISE.... Puplava Snippet..According to a recent BBC report, a former Japanese finance minister and the head of the Fed, Alan Greenspan, have agreed to cooperate with each other to intervene in the markets ahead of the war. The two economic powers agreed to take cooperative action in the foreign exchange, stock, and other markets if the markets run into a crisis. Both Japan and the Fed will be monitoring the foreign currency markets and the currency markets throughout the Iraqi War. In essence, no matter what happens as a result of the war, or how bad earnings come in during Q1, or what the economic numbers are, there is an artificial floor underneath the markets. So it should come as no surprise that even on a day like today where markets battled between gains and losses all day, several surges in stock prices could be viewed as more bad news hit the Street. Financial Sense. How convenient. A trillion here, a trillion there and soon it's real money . . . Latent Share Losses At Big Banks Seen At Near Yen 6 trillion TOKYO (Nikkei)--With the threat of military intervention in Iraq causing a steep plunge in Japanese share prices, the unrealized losses in the share portfolios of major banks are expected to swell to nearly 6 trillion yen as of the March 31 close of the fiscal year, roughly double the figure six months ago. Still low-risk short via leap puts and long via high-divident commodity related stocks. No mark-to-market leverage.
DrStool Posted March 20, 2003 Author Report Posted March 20, 2003 Goodness meeo myo. I didn't say, nor mean to imply, that "the big turn is here." I have cmap targets posted. They are minimally above current prices. The long term channels all still point down. When I scalped the dong today, it lasted all of 20 minutes. I was so scared, I got shook out on a little pullback. I only did it because I saw it temporarily as the path of least resistance. That's all this is. I'm not about to short it, but it's temporary, it will go a little higher, and then we can get back to business. This is not the end of the world. And it sure as hell isn't "the big turn."
brian4 Posted March 20, 2003 Report Posted March 20, 2003 Doc-the good news is you found your Dong. Well first of all kidos to my buddy End who had a KaChing day-I was like Summoner I new I should have bought calls at the bottom-cudda, wudda, shuuda. I bought puts at the close today deep in the money April and May and I feel good about it 920 stops. Now the markets have been up 7 straight days the last time that happened was 7/31 to 8/8 in the yr 2000. 7 up days in a row says to me overdue for a retrace so I look for a selloff tomorrow and Friday at which point I'll straddle by buying some calls-the advancers over decliners was very narrow just a handful of issues. Bob Carver at marketclues.com has a wonderful rant that all of you should read about the blatant manipulation that has been going on-he details how and why they are doing it -good read.! Now although I didn't go long I was very tiny short and have been sitting in cash-day trading the e minis a bit. Although I regret not being long I haven't lost any dough either. Those of you that have-remember you only get whacked if you freeze or don't have stops that make sense. Oilman I was the one who said "being wrong is ok just don't be wrong for long" but I was wrong in not buying calls but I didn't lose any money either. Phat that was a great truthful rant-right now is one of those times where being careful is the watchword-but WE will find that guy and rip his heart out. Pls keep in the back of your minds that we have rallied into a war and therefore could fall apart on the roar of the cannons I still think a 38% retrace and then higher to 890 or 900 but this is a very tense time and there is always that chance that the bulls are about to have the bugles shoved right up their rooty pooty ass. Lastly we all know where the line in the sand is 920 on the Spoo's 46 points away so anywhere from here to there it rolls over, unless of course you see a Bull market around the corner -I DON'T! Trade Safe!
stiffed Posted March 20, 2003 Report Posted March 20, 2003 unrealized losses in the share portfolios of major banks are expected to swell to nearly 6 trillion yen Sheesh! Is it any wonder the Japanese were buying gold? Looks like now is the time to buy physical metal (and digging sticks ). stiffed
SideshowBob Posted March 20, 2003 Report Posted March 20, 2003 off-topic: Any suggestions for a good pop-up blocker? This is getting ridiculous! Rog, I use AnalogX Pow, free from: http://www.analogx.com/contents/download/n...network/pow.htm The one disadvantage is that it doesn't kill windows until they've loaded, I'm sure there are better ones out there, but it's free and very easy to use. SSB
Pee Brain Posted March 20, 2003 Report Posted March 20, 2003 SOMETIMES, NEWS IS NOT JUST NOISE.... Puplava Snippet..According to a recent BBC report, a former Japanese finance minister and the head of the Fed, Alan Greenspan, have agreed to cooperate with each other to intervene in the markets ahead of the war. The two economic powers agreed to take cooperative action in the foreign exchange, stock, and other markets if the markets run into a crisis. Both Japan and the Fed will be monitoring the foreign currency markets and the currency markets throughout the Iraqi War. In essence, no matter what happens as a result of the war, or how bad earnings come in during Q1, or what the economic numbers are, there is an artificial floor underneath the markets. So it should come as no surprise that even on a day like today where markets battled between gains and losses all day, several surges in stock prices could be viewed as more bad news hit the Street. Financial Sense. fingers in the dike. nobody can misallocate resources indefinitely - the longer Big Al tries, the worse it will eventually be. look how well its worked for japan. what goes in the dike when all Al's toes and fingers are occupied? andrea would rather see the economy tank than see Als "pride" in the dike, but whether he realizes it or not, his "pride" is already stuck in a crack. this deployment is larger than "desert storm" per property managers here in socal. some say wives are still in units for now and some marines paid 6 months of rent before deployment - if this lasts longer, vacancies will probably rise and rents will decline... what's the cost to occupy a country for 2 years as has been suggested? whats the local impact on san diego economy and other economic bases with military components? well, jamming the market wont change that! no it wont! furners are less subjective and i think they've been convinced that AL will print money forever to avoid deflation; therefore, after this initial drop, im buying gold and the miners as uncle buck is gonna get dumped on the war victory run-up. nothing but debt, deficiets and rising expenditures as far as the eye can see.
TheDeepBlueSea Posted March 20, 2003 Report Posted March 20, 2003 Very quiet here tonight . . . 20 mins till the official start of the war. I lived in the US Midwest for 7 years in the '80s and '90s. Near the Fox River that between Elgin and Aurora. Beautiful area. Chicago is still my favourite US city and I've been to a lot US cities. One of the biggest cultural suprises for me was the strength of organized religion compared to up here in the Great White North. For a while, had a southern-belle girlfriend whose had a drawl that could melt steel. To my suprise, her religious sect (Southern Baptist ?) strongly disproved of drinking and dancing. But to her credit, she was remarkably tolerant of my religious views. I used to kid her. Q: Why don't born-again Christians make love standing up? A: It might lead to dancing.
TheMotleyStool Posted March 20, 2003 Report Posted March 20, 2003 The Opera web browser rules. Can we make Opera the official Capital Stool browser?
Grizzly_Canuck Posted March 20, 2003 Report Posted March 20, 2003 I bought puts at the close today deep in the money April and May and I feel good about it 920 stops. Now the markets have been up 7 straight days the last time that happened was 7/31 to 8/8 in the yr 2000. 920 stop for April puts!!! Good luck my friend. BTW, we've been up 6 days in a row not 7, but yes it is quite the streak.
TheDeepBlueSea Posted March 20, 2003 Report Posted March 20, 2003 The Opera web browser rules. Can we make Opera the official Capital Stool browser? I second that great notion
HardAssets Posted March 20, 2003 Report Posted March 20, 2003 rog consider a program called naviscope, www.naviscope.com You can keep the browser you have and run this program, you can set so you never see a pop up again, you can block ads, cookies and select sites you want to have cookies, and other stuff. It is also free. I have been using it for few years, works great.
TheMotleyStool Posted March 20, 2003 Report Posted March 20, 2003 off-topic: Any suggestions for a good pop-up blocker? This is getting ridiculous! If you want a new browser with built-in pop up blocking, get Opera from www. Opera.com. However, if you want a piece of software that blocks pop ups, deals with offending cookies, etc., with IE then I would recommend getting AdSubtract from www.AdSubtract.com. It costs $30 but I've enjoyed it. Between Opera and IE w/ AdSubtract, I'm pop free.
Kid Posted March 20, 2003 Report Posted March 20, 2003 Goodness meeo myo. I didn't say, nor mean to imply, that "the big turn is here." I have cmap targets posted. They are minimally above current prices. The long term channels all still point down. Yup, what goes up like a rocket comes down the same way; sometimes with the parachute and sometimes without. Lets face it - this is a bear market rally. They are violent to the upside and yes there are great potentials for quick gain - as long as you can watch the market and catch the ride up. Some of us missed the ride up because we can't watch the market all day - so we need to be patient. Lets not forget that the major trend is down and I personally don't think that anyone is big enough to stop it from sliding back down to reality
soup Posted March 20, 2003 Report Posted March 20, 2003 Brian: do you have link to the Bob Carver article? Thanks
brian4 Posted March 20, 2003 Report Posted March 20, 2003 Simmer down Grizz that was a typo the six up days are the longest streak since the 7 in yr 2000-thanks for correcting me-now as to the puts I bought- some of us like to buy in the money and have a stop at resistance-that stop can change anytime and that is where I want it for now. You made a good call for which I offered my congrats. None of us can or will be right all the time-all that counts and how we keep score is $. Trade Safe!
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