BAREister Posted January 29, 2003 Report Share Posted January 29, 2003 there's something about how the world markets have behaved the pASSt week that seems pregnant with ominous portent, and SNOT just here. Overseas, too. In the UK giant insurers are under enormous pressure to liquidate equities to maintain solvency requirements. And it's the INSURERS who gots da MONEY, HONEY. It's SNOT just BIG money, it's HUGE money. Them and those PENSION FUNDS, which in Tokyo are under enormous pressure to sell and ironically beFUR the IDES OF MARCH, too, AND when the Nikkei is ALREADY AT 20 YEAR LOWS. If the Nikkei falls at the rate it did tonite, it will be at 1985 levels in oh, about 8 trading daze! Just LOOK at THIS: http://finance.yahoo.com/q?s=^N225&d=c&k=c...my&l=on&z=m&q=l The BARE thinks we've reached the HUMPTY DUMPTY EPIPHANY stage, well, ALMOST (unless Magoo can do a ROBERTA FLAK routine and indulge in that now widely anticipated Magoo "PUTz" of "Do it to me one more time! Once is NEVER enough with a guy like you!") No WONDER WWIII is about to start. Thanks, of course, to the people in the White House. (The D's wouldn't have had the CHUTZPAH to do THAT sort of thing, HRFF will wager.) The Shrub is going to "make the world safe FUR democracy" by making everyone UNSAFE ass can be, FURst. Makes sense, wot? And there was a global INTERNET "bug" FUR the FURst time HRFF can recall. Now, isn't that PURE COINCIDENCE? Butt it'SNOT the EXTERNALITIES that The BARE finds so disquieting, or the putative blame being placed upon them, generally, and the looming conflict in particular, butt, rather, the pricing action, globally, very recently. We may, FINALLY, be approaching that dreadful and, pardon the parlance, 'long' anticipated denoument where systemic self-delusion, fantasy, hope and desire collide at light speed with REALITY. emphasis upon "MAY" of course. We've a seemingly boundless genius for dodging bullets via artifice in myriad manifestation(s). Think bullet dodging will work in the Mideast in a month or two? Link to comment Share on other sites More sharing options...
Pretzel Logic Posted January 29, 2003 Report Share Posted January 29, 2003 Yeah, I agree, Bare. Things are starting to look really ugly for the world markets. Wonder what's around the corner that we haven't already considered? btw-- SPX futures -19.68 right now, NASDAQ -21.90 Open's gonna be nasty tomorrow. Gap and go? Link to comment Share on other sites More sharing options...
fxfox Posted January 29, 2003 Report Share Posted January 29, 2003 dont laugh at me, i am 100% sure that the powers in the background (central banks and so on) work overtime right now to prevent a crash. IF there would be a crash right now, the collapse of LTCM would be comapred to it a tiny event. The insurers in germany in fact own the country, more or less. Munich Re and Allianz own ONE THIRD of all german shares, imagine that! There is no concrete producer, no auto maker, no media firm, no pharam giant, no food producer from which those mentioned insurer doesnt own shares. Now look at the charts of the insurers and bear in mind they are still loaded with stocks, and now bear in mind that they have to pay a premium for those life insurances and so on...................... i dont go further, it would be too ugly. a note to DAX: in september when the daily RSI first time went belwo 30 DAX was at 3000, then the RSI did meander at the 30 level and the final low for DAX was 2520. Now RSI is around the 30 level, we are at 2600 right now............................ Link to comment Share on other sites More sharing options...
Guest yobob1 Posted January 29, 2003 Report Share Posted January 29, 2003 The pricing action of the world markets should represent the "mood" of the people, according to most. While the insurers are a major problem in Europe, they are also part of the problem here and it's not at all clear to me that American insurance companies have reduced their exposure to a falling market, though their exposure was not likely as high as the Europeans. There's a certain mood of fatalism evident. Perhaps this is all related to our president's rather ambitious goals, but I get the sense that this isn't all of it. Global climate change is becoming more and more evident. Mostly we see negative effects, but there are currently a few regions benefitting in some ways. The current financial meltdown is obviously weighing on minds in many places. Even with all of that, there still seems to be some other factor at work here. I know I have felt this gnawing something working on my psyche for the last several months. What ever is bugging me isn't going away and seems to loom ominously closer as time goes on. It's either so huge and still a ways off as to be almost unimagineable, or it's pretty damn big and right on top of us. I can't get a handle on timing or what quarter to suspect. Link to comment Share on other sites More sharing options...
Goldilocks Posted January 29, 2003 Report Share Posted January 29, 2003 "And there was a global INTERNET "bug" FUR the FURst time HRFF can recall. Now, isn't that PURE COINCIDENCE?" ???? Bare, there was one 6 months ago or so that took out at least 7 of the 13 root Internet servers. One more and it would have dumped most of the net entirely. This one only took out 5. The very first 'worm' actually did take out the internet in it's fledgling days. It was an experiment that got out of the 'lab' so to speak with unintended consequences........ Good thing that can't happen anymore. As to your and Yobob's premonitionary feelings..... You know that feeling when you were a kid and you were getting ready to watch a scary movie? That never goes away now. Link to comment Share on other sites More sharing options...
machinehead Posted January 29, 2003 Report Share Posted January 29, 2003 Not laughing, fxfox. In fact, while everyone focused on the sweaty bodies and bright lights in the Capitol last night, the real action (for Stoolstadt's purposes) was at the Lace 'n Stilettos gentlemens club, where Fed officials gathered after hours to continue their meeting 'ex cathedra' as it were. Uncle Al's punchbowl (which he had carried along with him) was sent to the bar to be filled with sangria. He had a great time goofing with the girls whilst ladling out multiple refills from his 'Big Dipper.' "See? I'm not taking away the punchbowl! Ha ha ha!" The girls tittered politely, sensing from the deference of subordinates that the old fellow was a big cheese. But soon it was time to get down to business around the dimly-lighted cocktail table. After defeating a motion from Ben Bernanke to slash the Fed funds rate to zero, and a second motion to just flip a coin ("Heads we win, tails they lose, ha ha ha"), all eyes turned to Uncle Al. They respect his Machiavellian wiliness in negotiating the political jungle. "We can't cut tomorrow just to bail out the chimp, er, chump. It's too crudely political, and there would be hell to pay when the Demonrats take over again. BUT -- if the flash GDP comes out Friday with a lousy zero handle (don't even mention a minus sign), we will look like fools for not giving the market another jolt of juice from the punchbowl." Turning to Bernanke, Uncle Al instructed, "Ben, get on the horn to the new guy Snow tomorrow morning. Tell him I'll stand pat to back on him up on his 'strong dollar' fool's errand, but both of us need a decent GDP number from Commerce on Friday. We propose 1.4%." "Right, Chief. But what about the printing presses ...." Bernanke's voice trailed off as 'Pamela' dipped an ample appendage about 3 inches from his nose. As we speak, Bernanke's making his pitch to the Snowman. We'll find out at 2:15 p.m. if Commerce bought in. Which gives a clue to Friday's number ... hmmm, wonder what the economy's REALLY doing? Oh, sorry, I forgot, that's classified for security reasons. Ask Tom Ridge. Link to comment Share on other sites More sharing options...
Slothrop Posted January 29, 2003 Report Share Posted January 29, 2003 How to reach John Snow will be the question. What if they have to call all 9 of the 9 country clubs he belongs to? Link to comment Share on other sites More sharing options...
TGakaTheBigHurt Posted January 29, 2003 Report Share Posted January 29, 2003 Machine, good stuff. Glad to see your posts again. Link to comment Share on other sites More sharing options...
Hypertiger Posted January 29, 2003 Report Share Posted January 29, 2003 "almost unimagineable" Yes, I find it hard to believe, after looking at the evidence that even the people here hold out hope... It's over and that weird feeling ya got is your gut tring to wake you all up... The United States is finished... the speech last night was 100% make believe a fairy tale... none of that stuff will help or happen except the War on Terrorism part. It doesn't matter who phones who... The point of no return was reached decades ago and the Population of the US has been vegetablized, divided, conquered and individualized, There is no way the US can recover from the present situation unless the population realizes that the Political "establishment" Democrats and Republicans are 100% corrupted and dysfunctional... You can vote or not vote the outcome will be the same... Oblivion. It's game over... all thats left is to see how it plays out... which will be unimagineablly ugly I'm afraid to say... mass unemployment, mass starvation, outbreaks of diease on a grand scale, Martial law... This is the direction we have been headed for years and I see no way to stop it now, 10 years ago maybe. All that is left is for another terrorist attack bigger then 9-11 to silence the critics and stampede the rest of the braindead deluded lemmings off the cliff and into the lake of eternal fire... I doubt there will be elections in 2004... Even the best case senario that I can imagine is unimagineable but far better than the middle of the road stuff I talk about... Every week 100,000 people are flushed from Unemployment benifits... That is a billion dollars or more of economic activity wiped out/week... Hyperdeflation is so close now that it ain't funny. everyone and everything will be blamed except the FED of course, because no one understands or comprehends it's function. Money/debt = Power The FED "owns" the money/debt supply. The FED is the Power. Everyone controled by the "Power" including Al Green is just a "hired hand" or dupe... Here's a slight hint... The deflationary shockwave that is about to be unleashed is a symptom of Compound interest charged on money/debt created out of thin air... Deflation is not the "cause" of compound interest it is the "effect" hint hint... compound happiness leads to compound dispair... or Depression it always has and always will. That is the Power of the FED, deflation is just "consolidation of power" Nobody gives a flying f anymore...and those that do, don't know what to give a flying f about, It's over. prepare to be sick... 15-20 months at best to stock up on gravol and barf bags... Link to comment Share on other sites More sharing options...
Hiding Bear Posted January 30, 2003 Report Share Posted January 30, 2003 Machinehead - great summary and Hypertiger - I read your posts with interest and hope that the final soultion GWB is proposing is limited to the total anhilation of uncooperative nations and not to making the US a new facist empire. The former FED FOOL Binder, who I happened to see in one of those rare moments I can tolerate Crapvision, stated if oil prices keep rising the FEED would have to loosen its policies to offset the negative effects of oil. SO they have low interest rates because of "low" inflation but if inflation increases the want to lower them more. And these fools control our money supply. Link to comment Share on other sites More sharing options...
StanWeinstein Posted January 30, 2003 Report Share Posted January 30, 2003 Hell, just look at the FTSE index. It's broken long-term support and is headed straight for its all-time low from 1995. If it breaks below that, I have no idea where the decline ends. Link to comment Share on other sites More sharing options...
StanWeinstein Posted January 30, 2003 Report Share Posted January 30, 2003 dont laugh at me, i am 100% sure that the powers in the background (central banks and so on) work overtime right now to prevent a crash. Another thing to keep in mind is that the market (S&P 500) are near a point where those (vast majority) who jumped into the last great bull market (1995 or so) are at near break-even. When their financial statements begin to show net losses, the flight from equities will accelerate. Don't think that isn't on the mind of the manipulators. Link to comment Share on other sites More sharing options...
Bearwithme Posted January 30, 2003 Report Share Posted January 30, 2003 Great postings Stoolies! I concur 100%... I had a 92 year old amazing woman who I had the priveledge of her adopting me as her 3'rd grandson.. she used to tell me "I am ready to die" she had lived her life to the fullest, was a loving great person and knew her time to depart was soon. ...Guess what.. she died with dignity and grace knowing it was her time. Amazing lady.. full of humor and life to her final day. She often commented on the materialism and decay of society.. with her amazing common sense found from her 12 years of schooling, she was the most up front and intelligent person I have ever met. Funny and loveable, but no baloney, no fluff.. told it like it is. (MASSIVE integrity) Did you ever see an elderly person who was ready to die telling their younger relatives.. "it is my time to die" and the younger relatives say.. "no Granpa, you are going to be fine..." ...They don't have the integrity to face the truth and say goobye... Here we are.. time to die and be re-born (in an economic sense) and all we hear are G.W. and company saying we are in a "recovery". ...Truth centered people know otherwise. Say goodbye to the economy as we know it and prepare for the new reality. ...All My Best to Stoolieville... Kevin Link to comment Share on other sites More sharing options...
ShitEatingGrinner Posted January 30, 2003 Report Share Posted January 30, 2003 My wife got the news today...her position at the college where she works/teaches in the photography lab, will more than likely be eliminated after this semester. Massive budget cuts are underway, and the same college is cancelling summer classes. ZERO summer classes...because of the deficits the state of Texas is now running. Very interesting times. I've never heard of such a thing at a college, unless it was one that was about to go under. Dr. Stool was right on last year when he said that by January of 2003, this greater depression will become impossible to ignore. Hyper's assertions seem more and more plausible all the time... Link to comment Share on other sites More sharing options...
Hypertiger Posted January 30, 2003 Report Share Posted January 30, 2003 they are trying to game it... the best case deal is if they lose control and it blows up in their face and are caught red handed. Link to comment Share on other sites More sharing options...
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