An Ant Posted January 3, 2004 Report Share Posted January 3, 2004 Your Anals Fishmarket Wrap is loaded. Take a subscribatory and download RIGHT NOW! 15 Day Intro Subscribatory. Just $2.99! Get In RIGHT NOW! Shows 12/31 Anals Link to comment Share on other sites More sharing options...
MrHankydoesWallStreet Posted January 3, 2004 Report Share Posted January 3, 2004 End, Aussie, Thanks, now in my Stoolville glossary. Here we would have to use the term, "reservation squatters", no disrespect to native Americans but that is where all the casinos are here in Wisconsin! Hank Link to comment Share on other sites More sharing options...
Short'em High Posted January 3, 2004 Report Share Posted January 3, 2004 Ehhhhhhh....can somebody explain to me what "riverboating" is. I have been able to pick up on most stooly language by context but I can't seem to get this one.Thanks, Hank "Riverboating" Metaphorical reference to gambling on Riverboat Casinos. As used in M-to-M, refers to the most speculative, risk-taking gaming of hot stocks in hopes of realizing enormous gains. Kind of like riding a hot dice thrower on the craps tables. Most applicable to the chasing of the trashiest momentum play stocks, preferably on boner run breakouts. Refer to many a past wndy post throughout 2003 for numerous examples of Riverboating action. The money making play of 2003, Year of the Riverboater. SEH Link to comment Share on other sites More sharing options...
Hiding Bear Posted January 3, 2004 Report Share Posted January 3, 2004 Uh, isn't that what I do every week? Doc's Feed report is great - even compared against some other subscription monetary reports. Who else has identified the monetary growth channels so well? On the ISM, it is a survey whose predictive ability is limited and the statements by the ISM that the figures represent a certain growth level are at best misleading. Much of the income and employment "growth" in the GDP the last half of 2003 came from the rapid expansion in the numbers of self employed persons. My feeling is that GrandPoopercycle has better described what is really happening in the economy. 2 to 3 years from now, well after the election, the 2003 figures will be revised to take out some of the those self employed persons and some inflation will be added back in. Link to comment Share on other sites More sharing options...
Guest Posted January 3, 2004 Report Share Posted January 3, 2004 Old stock market hand John Dorfman, writing on the Bloomberg site, touts the 63% gain in his Robot Portfolio last year. Then he explains, Robo-trader I'm choking on this. Choosing the 10 lowest P/E's in a field of 1,200 financially-fit large cap stocks is a very crude screening method, particularly when you consider the unreliability of corporate earnings. No trend indicator is used at all. Dorfman's claimed results are way beyond what other researchers, such as O'Shaughnessy's 40-year study What Works on Wall Street, found. I would be interested in comments on this article from VectorVest users. Hate to say this but when I was an investor, over a decade ago, I used a similar method, ie low P/E being desirable in conjunction with a high dividend. I included second line stocks as well. I was in an isolated area, no private phones, no computers but we did get newspapers (erratically) so it was the only way to go. Anything with an exceptionally low P/E was ignored as it indicated the company was in trouble financially. I did quite well out of it, collected tax free (franked) dividends then sold the stocks at a later date for capital gains. Have to be prepared to buy and hold though. I think it may be similar to the "Dogs of the Dow Theory"? Link to comment Share on other sites More sharing options...
Hypertiger Posted January 3, 2004 Report Share Posted January 3, 2004 Uh, isn't that what I do every week? Posts like this really, really piss me off. Who am I? What the hell am I doing? Running a public service free message board site, I guess. It's obvious that about four people pay any attention at all to my research. The other 4000 could care less. hahahaha 6 people at least pay attention to me... The M's can't be discontinued like a whole pile of other info the FED puts out or currently dragging their asses on... The amount of terror hysteria being pumped out is amazing... consumers will spend like no tomorow if they are conditioned to think there won't be one... I figure all they need to do is crash long rates to get one last blast...once they know the jig is up... Then it is down to how they could do this and not raise eyebrows... Link to comment Share on other sites More sharing options...
depends Posted January 3, 2004 Report Share Posted January 3, 2004 Think like a criminal. I shorted SNS at the top today because I saw MCD's Mad Cow short squeeze coming to an end... Plunger - one thing to consider might be that SNS and MCD will be paying a lot less for beef in the coming weeks due to all the beef being returned to the US. That might bouy the stock. I covered my TSN short and don't intend to reshort. Link to comment Share on other sites More sharing options...
Guest Posted January 3, 2004 Report Share Posted January 3, 2004 http://www.signalwatch.com/markets/markets-dow.asp DOW "The Dow began the session sharp, as the index pushed higher at the Open. However, a solid reversal brought the index lower to the Close, which ended up losing 47 points for the session. Given that the lower trend line of the major channel has been violated, further downside movement is likely in the medium term, especially if the Dow keeps below 10,450." NASDAQ & S&P "The NASDAQ and S&P sold off the day's highs today, completing a sharp reversal for the day. Each index got a downside break of its lower channel boundary, which implies further weakness Monday. Continue to watch the channels." DOW 60 min chart Link to comment Share on other sites More sharing options...
fxfox Posted January 3, 2004 Report Share Posted January 3, 2004 anyone in the chatroom? Just came bakc form the beer machine, thought gurff was there, but he wasnt. Link to comment Share on other sites More sharing options...
wndysrf Posted January 3, 2004 Author Report Share Posted January 3, 2004 Abby "Planet of the Apes" Cohen on Rukeyser tonight, offering up her glowing forecast for 2004 - 2005. Does she look like a truth teller to you??? Link to comment Share on other sites More sharing options...
wndysrf Posted January 3, 2004 Author Report Share Posted January 3, 2004 Abby being interviewed by Liz Ann Sonders, former Ivy Leaguer who never got any dates in college former Junior Leaguer because it was socially correct former shill at Copperwaithe, fired because hotter, younger anal cysts were located. former shill at Wit SoundView, now known as ThinkEquity, fired in 2002 for pumping JDSU and GX during their Gravestone Spirals. now a Charles Schwab managing an Index Fund where her fully invested stance won't get her into trouble..... Link to comment Share on other sites More sharing options...
Guest Posted January 3, 2004 Report Share Posted January 3, 2004 Wasn't she (Liz Ann) also with John Hancock during most of Bubble I? Link to comment Share on other sites More sharing options...
Hypertiger Posted January 3, 2004 Report Share Posted January 3, 2004 Whoops! I guess the bullishness sometimes forgets about where all that purchasing is actually coming from. Never fear - perhaps the government can pick up all the slack and assume the role of the consumer. ------------------------------------ Also --------------------------- In a related matter, and in case anyone missed it over on IDS, I re-post here the new and improved government debt figures. :shocked This from the Treasony's own website. By John M. Berry Washington Post Staff Writer Saturday, June 28, 2003 In a speech he made this week to the Bond Market Association in New York, Roseboro said the repeated disruptions produced when the debt limit is not promptly raised could cause investors to become more wary about the securities. With Treasury borrowing about $3 trillion annually, if the added uncertainty caused interest rates on the securities to be a scant 1/100th of a percentage point higher, it would raise borrowing costs by about $200 million a year, he said. Noting that despite an increase in the ceiling this year of nearly $1 trillion to $7.384 trillion, "this issue will confront the Congress, the Treasury and the [bond] market yet again in the not too distant future," he said. "It is imprudent and unwise to risk the United States' privileged standing in the capital markets with this all-too-frequent, self-imposed political imbroglio." They raised the limit in May 2003 from 6.4 Trillion to 7.384 Trillion...So from May to now they have sizzled through 600 Billion in 7 months or 2.85 Billion a day... They will break 8 Trillion before 2004 is over when Bush got in it was 5.8 Trillion... Whole article On the road to riches... Link to comment Share on other sites More sharing options...
Guest Icky Twerp Posted January 3, 2004 Report Share Posted January 3, 2004 Oh, man, Wndy -- sometimes, your unblinking cynicism, just blows me away.... What was it, something a year ago, when you were burnt out, couldn't write anymore? Unbelievably grateful you are still here, and going strong, IT Link to comment Share on other sites More sharing options...
Guest Posted January 3, 2004 Report Share Posted January 3, 2004 Loads of blowoff facts and figures from Doug today. His global market summary a real eye opener, too much info to reproduce here but a few snippets on other subjects... http://www.prudentbear.com/creditbubblebulletin.asp Confirming what Wyndy's been saying re Cal RE: "December 30 ? Associated Press (Jim Wasserman): ?Construction crews wielding saws, hammers and nail guns this year began work on the most new houses in California since 1989 and the most apartments since 1990 ? but it isn?t enough to ease the nation?s worst housing shortage, experts say. California builders Monday reported starting 191,866 homes and apartment since 2003, and predict slightly more next year before rising interest rates force a slowdown in 2005?" ---- "December 30 ? Bloomberg: ?When Treasury Secretary John Snow called on Congress in September to create a ?world-class? regulator to crack down on Fannie Mae and Freddie Mac, the two largest buyers of U.S. home mortgages were ready for him. Fannie Mae and Freddie Mac between them had hired 46 lobbying firms in the first half of this year, including seven of the 20 largest, to reinforce their permanent staffs of 20. They spent at least $9.7 million on lobbying during that time, more than any other company or association, according to PoliticalMoneyLine.com, a nonpartisan group tracking such funds." ------ "January 1 Bloomberg ?We?ve been very surprised by the strength of the lower-quality, unprofitable companies,? said James Gribbell, who helps manage $1.5 billion at David L. Babson & Co? ?Companies with lower returns on capital and low returns on equity have outperformed more highly profitable companies by two to three times.?? Link to comment Share on other sites More sharing options...
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