richmtn Posted January 6, 2003 Report Posted January 6, 2003 Total Volume NYSE 1,686,014,170 Nasduck 1,480,887,659 Not exactly impressive. Judging by today's board I don't think it was Joe 6 Pack buying. I think it was estwhile bears. Bwahahahahaha :grin: :grin: :grin:
sweefraapp Posted January 6, 2003 Report Posted January 6, 2003 Another report says that senior citizens (wealthiest block of voters in U.S.) will not pay taxes on dividends - others will pay.
FeedFool Posted January 6, 2003 Report Posted January 6, 2003 From my source at Dupont: "The ISM numbers are a crock of ---- ... I'd say the real number is below 47... We have no idea how they could come up with a number like that" Dupont has one of the best corporate economic departments in the world. Consider also that they are on the front line of so many economically sensitive businesses including; semis, autos, home construction, aerospace, agriculture and government contracts. I am more inclined to believe Dupont than ISM if there was an upturn they would know about it. We all know whole system is full of crooks and we have to learn to play the game by their rules. Long-term cycle is down but those daily spikes are just a noise, which we have to deal with in our own way. Do u really think we will get the real figures? They are Playing damage limitation exercise, which will back fire in the long run. Take care,
BusKow Posted January 6, 2003 Report Posted January 6, 2003 71 guests! record? Notice how's there's 5 anon mosttimes? Let's see... BB 'chinehead Sigi YoyoBob Forus
Takachi Posted January 6, 2003 Report Posted January 6, 2003 I find it the ultimate irony for companies to pay dividends tax free to retirees out of the profits produced by the stripping of their pension plans.
Guest Posted January 6, 2003 Report Posted January 6, 2003 CBOE Intra-day Put/Call 3:00 PM CST Equity 0.44 Index 1.34 Overall 0.64
speculator Posted January 6, 2003 Report Posted January 6, 2003 It's hard to tell what is really going on, here. My understanding was that huge penson fund money comes in the market and bond/stock reallocation happens in early Jan. Is this not a simple explanation for this recent rally rather than some mysterious plan to pump the markets? Also, looking at the dollar it does not seem like anyone outside the US is buying this. Bonds continue to move inverse to the market as well. This sort of action will cap any attempt at an extended bull cycle for now. The FED can't allow the housing bubble to burst until capital spending by business returns to growth mode. Thats years away from where I sit.
FeedFool 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 It is based on fib numbers. Start counting days from the market top or bottom and one will get dates then watch the dates. Fib Numbers 1,2,3,5,8,13,21,34,55,89,144,233,377 So we can still rally since tomorrow is the fifth day Rich start counting then u will see it works real good. There is also a fib Calculator u can download. Take care.
fxfox Posted January 6, 2003 Report Posted January 6, 2003 we will get a p/c ratio tomorrow which will be good for the bears case. Looking out for a spike to 945/955 region or so, then go short. Fib turn date, as others mentioned, 10-13 jan, means friday or next monday.
EasyAl Posted January 6, 2003 Report Posted January 6, 2003 Battipaglia sees S&P 500 rising to 1,050 to 1,200 ($SPX) By Tomi Kilgore Joseph Battipaglia, chief investment officer at Ryan Beck, said he sees the S&P 500 Index ($SPX) rising to 1,050 to 1,200, based on projected earnings and valuations using estimated 10-year Treasury yields ($TNX) and inflation rates. That would represent gains of 13 to 29 percent above current levels (up 22.64 at 931.23). He estimates that S&P 500 earnings will be $50 to $51 a share in 2003, that inflation will be 1 to 2 percent and that Treasury yields will be 4.75 to 5.25 percent.
PileDriver Posted January 6, 2003 Report Posted January 6, 2003 I see 26.9 on cubes and Jan 10-13 as top targets (stopping points) but then what the hell do I know.
PDoody Posted January 6, 2003 Report Posted January 6, 2003 Battipaglia sees S&P 500 rising to 1,050 to 1,200 ($SPX) By Tomi KilgoreJoseph Battipaglia, chief investment officer at Ryan Beck, said he sees the S&P 500 Index ($SPX) rising to 1,050 to 1,200, based on projected earnings and valuations using estimated 10-year Treasury yields ($TNX) and inflation rates. That would represent gains of 13 to 29 percent above current levels (up 22.64 at 931.23). He estimates that S&P 500 earnings will be $50 to $51 a share in 2003, that inflation will be 1 to 2 percent and that Treasury yields will be 4.75 to 5.25 percent. Is that the best that the biggest bull Crapvision ever unleashed could come up with? I guess he has been tamed since being "disgruntled". He called nasgap 6000 and has never uttered a bear word since.
roidrage Posted January 6, 2003 Report Posted January 6, 2003 Now that the mummers have strutted, it's officially a new year. Good luck to all stoolizens in 2003. CEF closed at an 11.5% premium to NAV, the lowest since July. rr
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