curmudgeon
103 posts
msg #54165
- Ignore curmudgeon |
8/17/2007 6:53:47 PM
FWIW the opening bar this morning was 237 to 1 upside volume. Shorts were sh*ttin in their shorts. Any of you old timers remember that kind of extreme ever?
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karennma
8,057 posts
msg #54166
- Ignore karennma |
8/17/2007 9:01:59 PM
nikoschopen
nikoschopen 8/17/2007 12:01:01 PM
It ain't my biz to preach the values of perma-bear doctrine, but the timing of this rate cut begs the question. I'm beginning to think there's something the Fed ain't telling us and resorting to their usual ruse to cover it up. Within the coming week(s), it's plausible to hear one of the big banks or mortgage shops falling to its early demise. If, and big if, Countrywide or one of its big lenders file for Chapter 11...well, you don't need me to spell out what the consequence of that might mean.
================================================
Yeah, there's something they "ain't tellin" us ... like WHY the M3 is no longer public information!
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nikoschopen
2,824 posts
msg #54167
- Ignore nikoschopen |
8/17/2007 10:22:58 PM
Karen, it really doesn't matter in my opinion because everything is already priced into the chart and discounted as a foregone conclusion by the time it becomes public. Plus, all those numbers, after being revised up here and revised down there, are cooked and then refried to be catered to the highest bidder. Hell, I don't even bother watching the news, which is nothing but highly scripted marketing pitch for the rich. All in all, they're all contrived spins and lies.
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curmudgeon
103 posts
msg #54171
- Ignore curmudgeon |
8/17/2007 11:32:52 PM
>All in all, they're all contrived spins and lies. - Propaganda. We live in a society that is so saturated with it...we even believe our own bs. Wall Street is groupthink central.
Like the FED is even federal or that markets are "free", or we have a democracy...hahahaha. The man with the gold....makes the rules.
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nikoschopen
2,824 posts
msg #54174
- Ignore nikoschopen |
8/18/2007 12:32:41 AM
What, you don't believe in you own BS? That's not very healthy according to this ex-member of Idiots Anonymous. If you need my help, call me up anytime 24/7. I'll set you up straight. ;)
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petrolpeter
439 posts
msg #54175
- Ignore petrolpeter
modified |
8/18/2007 1:14:22 AM
DEAN may hit natgas and drilling platforms,any one do those contracts?Was there a price pattern with Katrina ans Rita?Now would be the time.8/20--Dean goes under fields and prices drop,wait on the next one I guess.
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nikoschopen
2,824 posts
msg #54185
- Ignore nikoschopen |
8/18/2007 2:31:00 PM
The October crude futures is right at its SMA(50) and it might get a bounce depending on whether Hurricane Dean will come crashing down on the Gulf region and disrupt the oil production. Note, however, that the playing field is not leveled when it comes to news-driven events. Not having the same instant access to the information as other big players leaves you at a great disadvantage because by the time CNN flashes "Headline" across the TV screen it's already old news.
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nikoschopen
2,824 posts
msg #54198
- Ignore nikoschopen
modified |
8/19/2007 1:35:57 AM
Here are couple recent videos by Ira Epstein, one of the popular figures from the old school. Many of you may remember his TV show "Stocks, Options and Futures", which was one of the most popular Finance Television shows on what was then called The Financial News Network, which is now known as CNBC. I have to say, these two videos pretty much nailed what happened in the market.
Mid-day Stock Indexes Review with Ira Epstein
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nikoschopen
2,824 posts
msg #54222
- Ignore nikoschopen |
8/20/2007 1:32:40 PM
Just a hunch, but a buy program might kick in once everybody unloads the boat, taking what little profit they made in the last two days, thinking the market will tank again.
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karennma
8,057 posts
msg #54245
- Ignore karennma |
8/20/2007 11:08:51 PM
I noticed neither Ira Epstein nor inthemoneystocks did a video tonite.
Is tomorrow gonna be BLACK TUESDAY?
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