Sigmoid Friend Posted January 6, 2003 Report Posted January 6, 2003 IF/when this rally fails ? it could get quite ugly. ? ?At some point the crowd will become demoralized. ? ?How long can folks stand for the blatant lies and manipulation from the shills? I once worked in the hammond freezer division of Swift meatpacking co--upstairs was the lunch room--in order to get to lr you had to pass a peanut butter packing room and then a giant room full of woman cleaning cattle intestines preparing them as raw material for surgical sutures--the entire scene was enveloped in an invisible cloud of geneva convention-violating cloud of stinking s**t-curiosity getting the best of me i gaggingly walked up to the foreMAN asking "How can they stand this stench day after day? his reply? Oh you get used to it!! Thats how long beardrech adreess 47th and Racine ask merciless what the yards used to smell like Ain't no one there with any olfactory sense. Just Wndy's X-box robots doing what they do. Sheeple are just standing there frozen in the headlights.
BarBu Posted January 6, 2003 Report Posted January 6, 2003 1420 materially breached, stool in mouth day Le... hehehehe
Metamucil Posted January 6, 2003 Report Posted January 6, 2003 We have hit the upper bounds of the 18-24 month channels, for NDX and SPX. I'm adding more shorts right here. :grin:
Rockhead Posted January 6, 2003 Report Posted January 6, 2003 PEP sitting on 5 minute horizontal support line since 1/2/02. Break or bounce. Break I say, break!
flufflander Posted January 6, 2003 Report Posted January 6, 2003 Don't worry the government is here to serve and protect you.
sweefraapp Posted January 6, 2003 Report Posted January 6, 2003 Heard on the radio: End game for dividend tax cut is to eliminate corp. and personal tax on all stock dividends. I heard it, but I don't believe it.
GregFokker Posted January 6, 2003 Report Posted January 6, 2003 OK is Mr. Market, having some chest pains all of a sudden? Just pausing for a tiny spoonful of sorbet between courses.
Guest The CoinGuy Posted January 6, 2003 Report Posted January 6, 2003 Welll, Looks like my numbers on the SPX were hit, my maxx pain # is/was 934. We'lls ee what happens, but I'm adding to my short positions at the close(40% short) E & M, and my trusty #2 don't fail me now, The CoinGuy
GregFokker Posted January 6, 2003 Report Posted January 6, 2003 Heard on the radio: End game for dividend tax cut is to eliminate corp. and personal tax on all stock dividends. I heard it, but I don't believe it. Good plan. Unfortunately, most corporate statutes prohibit the issuance of a dividend by a corporation if the said issuance would have the effect of rendering the corporation insolvent. Most companies probably wouldn't meet the solvency test at this point, being that they're all puked up with debt and leverage :shocked
HardAssets Posted January 6, 2003 Report Posted January 6, 2003 Big surprises from Bush tomorrow. He will go all out for the rich and companies. Tomorrow, will be the blow off and Wed. seel the news. IMHO
richmtn Posted January 6, 2003 Report Posted January 6, 2003 FeedFool; I keep hearing about a turn date mid January. What is that based on? TIA
Sigmoid Friend Posted January 6, 2003 Report Posted January 6, 2003 My high-tech, titanium ruler tells me that we test the SPX 60 min trend line at about 920, bounce off of it, run up to the 940s, eary (left tanslation) top in the 10-13 week cycle, then go down, down, down. Warning: I consistently lose money trying to short the market.
Fartpolio Manager Posted January 6, 2003 Report Posted January 6, 2003 930 has been tested, I'd expect us to create a little volume in here with some retracement... I was thinking 924 myself sometime tomorrow... That's my story and I'm stickin with it...
Sigmoid Friend Posted January 6, 2003 Report Posted January 6, 2003 Heard on the radio: End game for dividend tax cut is to eliminate corp. and personal tax on all stock dividends. I heard it, but I don't believe it. Good plan. Unfortunately, most corporate statutes prohibit the issuance of a dividend by a corporation if the said issuance would have the effect of rendering the corporation insolvent. Most companies probably wouldn't meet the solvency test at this point, being that they're all puked up with debt and leverage :shocked That may be true, but it all depends on the what the defintion of 'insolvent' is. :wink2:
BAREister Posted January 6, 2003 Report Posted January 6, 2003 Is this move pretty much DONE? we're going to find out, BUTT: The BARE keeps wunderin thusly: Say you're a money manager. With GOBS and GOBS of money you're "running". You don't care THAT much about "relative perFURmance " that drives most of "the herd". You care about preserving capital and not letting yourself or your clients get badly burned. You know the odds for a war in a month are quite high and that things usually, where war is concerned, get messy, rather quickly; ergo the odds for a peaceful resolution at this point are, frankly, not so hot. You know the consumer is retrenching, and that can't possibly be good for the economy, the dollar is weakening, rhetoric notwithstanding. Are you going to commit BIG money to stocks, NOW? Probably not. And that, gentlemen, is what will/should keep a lid on this latest bout of nonsense. Oh, you're also looking at a few conspicuous gaps underneath this island? in the sky on the charts.
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