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I am a free member and proud of it. If you move to a paying only site I will not follow. Call me cheap but IHUB is not worth it when SI works fine.
Oh man, your a gonner when Uncle Bob finds out. You see he don't like vermit like you.
Today I played Bush TV appearance in reverse. I saw him giving encrypted messages to short sellers by winking and thumbs up sign. Chit, I wished I had replayed it sooner.
You guys are missing a great trading opp on IMCL.
IMCL take a look. It's moving.
IMCL I like the intraday chart. I am long and holding.
IMCL moving. Anyone heard anything. I am long.
I have no position in the stock but if the government bails them out the short will scurry. The charts looks aweful and should be avoid for any longs. I would only daytrade the stock if any good news arrives.
UAL 4.34 share. 51.52 a share in cash, book value 46.08 share, selling for 10% of 52 week high, 14.1 Billion is sales, 75% of float shares SHORT.
This one could take off on any good news.
CSCO should just sign the damn accuracy document. Why must they wiggle.
Dang, I get more pop ups here than SI. What Bu.Sh.
Only one reason Real Estate is rising. The TAX CODE. You can sell your home and keep the profits tax free. Yes, TAX FREE. So, you have Americans selling their home and buying a fixer upper or upgrading with the intent of selling. It's so common now most of the time your new neighbor moved from a house in the same neighborhood.
ps. Interest rates only boost the process.
Based on your numbers it appears we were undervalued for must of the time and just the last 5 years it was overvalued. I would not put any comfort in your theory.
ERTS down 5 dollars so I guess the S&P theory does not hold. The S&P gives buyers plenty of time to enter the market. The order of buying 1.9 Billion dollars of GS at the close was a slimy trade in my opinion. Not many mutual funds can place this order since their whole fund capitalization is less. I think it was the PPT stepping in and GS hood winked them into unloading on them.
How do you explain GS going up eod like it did. What a scam. should have closed at 72.00 then wham it hit 77.00 in a flash, 77 EVEN NO PENNIES I might add.
http://finance.yahoo.com/q?s=GS&d=c&k=c1&a=v&p=m50,m200,s&t=1d&l=on&z=m&....
UPS Friday closing was rigged if I ever saw one. Look at the volume and expiring options. Even Thestreet.com comments about it.
http://finance.yahoo.com/q?s=UPS&d=c&k=c1&a=v&p=m50,m200,s&t=1d&l=on&z=m...
Hard to tell why but JNPR got accumalation. The WCOM issue should have stuck a fork in them but I see some stability.
I find it quite interesting REDI is a net buyer on MSFT. They must be covering.
I don't think today is going to be good. Although I agree with you, you are a little early.
Yes. Standing Room Only.
U.S. likely will avoid Japan-style recession
http://www.yomiuri.co.jp/index-e.htm
Jesper Koll Special to The Daily Yomiuri
A specter is haunting world financial markets--the threat of the United States falling into a Japan-style deflationary trap. The bad news is that the markets are right to be worried and, in the current environment of mounting distrust in corporate leadership, may very well be forced to assume the worst for a while longer.
The good news is that the risk of the U.S. economy falling into a Japan-style decade of stagnation is relatively low. A key reason for this is the fact that U.S. policymakers have studied Japan's lost decade in great detail. Learning from Japan is a key reason for my relative optimism. The United States may perhaps have a couple of years of subpotential growth, but a lost decade is unlikely.
First, let us look at the similarities. They seem striking on first appearance. The Nasdaq Composite Index has fallen more than 70 percent from its March 2000 peak--a plunge almost exactly as devastating as the Nikkei Stock Average's drop from its December 1989 high.
Moreover, the recent revelations about U.S. accounting fraud and corporate greed bear striking resemblance to corporate governance issues uncovered in Japan during the 1990s. While the details differ, the net effect is still the same--public trust in the stock market has been severely undermined.
In this respect, Japan and the United States now face a common problem. Both are struggling to overcome a stock market bubble legacy. Trust, once broken, is difficult to regain.
Fortunately, there are some big differences. From an economic perspective, the main difference is that Japan is the world's largest creditor nation, while the United States is the world's biggest debtor.
What this means is that the United States is doomed to succeed. If U.S. productivity is not the highest in the world or if the prospective return on assets in the United States is not better than elsewhere, global funding for U.S. growth will dry up.
Put another way, the permanent threat of a funding shortage is a powerful stick that keeps U.S. leaders under permanent pressure to implement policies that guarantee the highest return on savings.
Japan is the exact opposite. It is the world's largest creditor nation. Every day, there is more money coming into the system than going out. As such, there is no natural sense of urgency. Japan's macro-economic funding surplus allows savings to be allocated into nonproductive resources and is a key factor contributing to the low rates of return. As long as Japan remains a net surplus nation, it has the resources to "muddle through."
If the United States' permanent need to secure funds makes it doomed to succeed, Japan's excess savings allow it to be lazy. Put another way, Japan is like a spoiled college student who gets sponsored by the parents to keep up the family tradition, no matter what the academic performance, while the United States is the student who constantly has to earn his scholarship money with good grades, day in, day out.
To be sure, there are obviously many more differences between Japan and the United States. For example, when I came to Japan in 1986 to do economic research for a postgraduate degree in economics, there were only two economics faculties in the country that were not completely dominated by Marxist professors. Japan's ideological focus on the promotion of market-based resource allocation has always been limited at best. The United States obviously is at the other end of the spectrum with its faith in free-market allocation.
However, regardless of the ideological framework, the laws of economics apply equally in both countries, and the creditor-debtor difference pulls the two economies in fundamentally opposite directions--muddle through versus urgent action.
Learning from Japan's lost decade has been high on U.S. policymakers' agenda. The best summary of the extensive research done recently comes from the U.S. Federal Reserve Board of Governors in a report published at the end of June. The title says it all: "Preventing Deflation: Lessons from Japan's Experience in the 1990s." (The paper can be found on the Fed's Web site, International Finance Discussion Paper 729.)
There are four main points, all of which have significant implications that, to some extent, already have been incorporated in U.S. policy actions.
The report's first finding was that, "Japan's sustained deflationary slump was very much unanticipated by policymakers and observers alike and this was a key factor in the authorities' failure to provide sufficient stimulus to maintain growth and positive inflation."
This is not just diplomatic niceties. Outside of a few Cassandras, the possibility of a very serious downturn was consistently underestimated here. The first lesson is that policymakers always should plan for a worst case scenario.
The report's second lesson is: "We found little evidence that in the lead up to deflation in the first half of the 1990s, the ability of either monetary or fiscal policy to support the economy fell off significantly."
This is important because if the Japanese policymakers had recognized the severity of the slump earlier, their policy tools would still have been strong enough to avoid it. Specifically, the Fed researchers' models suggest that additional interest rate cuts of about 200 basis points before 1994 may have prevented deflation from occurring in the second half of the 1990s.
Third is the bad news: "Once inflation turned negative and short-term interest rates approached the zero-lower bound, it became much more difficult for monetary policy to reactivate the economy." In other words, once deflation starts, policymakers become impotent.
And finally, the conclusion: "We draw the general lesson from Japan's experience that when inflation and interest rates have fallen close to zero and the risk of deflation is high, stimulus--both monetary and fiscal--should go beyond levels conventionally implied by baseline forecasts of future inflation and economic activity." In other words, anticipate the worst and act fast and decisively even if it goes beyond the limits of what is conventionally acceptable.
Have U.S. policymakers acted on their findings from Japan's negative experience? I think the answer is yes. Interest rates have been cut at an unprecedented speed and real interest rates have been negative for an unprecedented nine-month period.
In Japan, real interest rates were never negative because the Bank of Japan cut rates slower than the decline in prices. From an economist's perspective, this bodes well for the United States' chances of avoiding a prolonged Japanese-style recession.
Koll is chief economist of Merrill Lynch Japan.
Typical last minute short covering eod.
Is that a train I see coming or that the light at the end of the tunnel.
Look out below. DELL MSFT.
Beam Me Up Scotty.
MSFT is a sick dog today. I will not hold anything overnight. Seems that some analyst is telling their client bad news is coming. Get out while you can.
PC sales in Europe falling. The stock price has not reflected and has stayed in range for months now. Also I think their accounting is less than genuinous.
Is MSFT gonna warn or something. Someone want out awful bad.
We are at a test level for sure, right here.
If your posting non-stop I bet it negative as heck. LOL.
DELL the next to fall.
Forget the dollar. So, Hows SI lately.
Today been a wild day. I currently even after being up large and down large. Oh well.
Guess who the Auditor of Merck is?? None other that Andersen.
"This will confirm that Merck & Co., Inc. (the "Company") has received a letter from Arthur Andersen LLP ("Arthur Andersen") with respect to Arthur Andersen's audit of the Company's consolidated financial statements for the year ended December 31, 2001."
Osama Bin Laden is dead.
http://www.arabnews.com/Article.asp?ID=16637
Maybe the market will rally and all will shorts run for the hills.
Going to give it a whirl and see how the Hub works out.