Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Carolyn Babe!
Hey girl haven’t talked with you in a while, how have you been?
Man if I knew kicking the crap out of winy little loud mouthed poor investor losers who spend their miserable lives behind cubicle walls trashing popular new sites cause their favorite one is falling to shat would bring out all the gorgeous hot mommas like yourself, than I would have shut this twerps mouth a while ago.;O)
Too bad you missed the start of it. Matt deleted a few of my posts cause I trashed little boy too bad.
BwaaaaHaaaaaa oh..oh Bwaaaaaa Haaaaaaaaaa,
You know if you continue this diatribe against the management, and the people here at Ihub nobody will come change your panties anymore.
Just one question, is this the first year you've needed adult diapers, Or has Pampers got you on the bulk rate plan?
Paule Walnuts
Thanx Arch...
RE CD from the CD thread: I can’t wait. I've owned that stock for 3 years now? Since it crashed from 36 to 17 overnight. Have played it up and down several times since. Am holding for the rise back to 30. I have countless stacks of dd and several brokers I know are now advising to jump back in.
I will wait until next week to read you analysis before I offer anymore. Maybe (and for the first time in my experience) we can have a positive upside/downside discussion about this security.
Paule Walnuts
Arch......
Opinions about options?
If so KO long and short.
http://www.investorshub.com/beta/board.asp?board_id=567
Arch why not do it here?
Postion: Long
ST: hold
LT: sell
Longer term: re buy
Paule
Yes OBG I would say that shooting a 300 mag would have something to do with re-injuring a rotator cuff. As for the .454 I would have to say, no not as much. The recoil is there just not centered directly on the shoulder itself. Most of the energy is absorbed in the arms and distributed as they bend back.
Now even though the .22 seems light in the recoil department, you'll notice after firing a large number of rounds through it, you'll develop the same tendencies to tighten up or flinch as you would a big bore rifle. So mild repeated impact is just as bad if not worse than a one time hard blow.
Except in Boxing. Maybe
OBG you do to.
1 Apocalypse Bear
Thinks global economy will collapse due to total charade
organized and controlled by The Powers That Be. Predicts
massive inflation followed by repudiation of fiat currency, or
worldwide deflation (take your pick). Looks to political events
for clues about the future. Was hoping Y2K would be more
eventful than it turned out to be.
Holds gold stocks and some bear funds. Isn't quite
ready to commit to shorting or buying puts. Waiting for
confirmation. In the meantime has stocked up on food
and water, 'just in case it gets real bad'.
2
Credit Crisis Bear
Reads complicated essays about esoteric financial issues.
Concerned about low savings rates, trade deficits, the yield
curve, bond market hijinks, bank overextension, and the
money supply. Has seen so much negative data over the past
four years, it's hard to detect any real signal anymore.
Tends to play with broad market instruments as
opposed to individual stocks. Hasn't lost shirt.
3
Weary Bear
Expects high P/E stocks to come back to earth when
fundamentals reassert themselves. Once was an enthusiastic
bear (say in 1997, 8, and 9). Has witnessed the market stall
and dip, only to blast off again, several times. Significantly
burned with worthless puts or short squeezes more than once.
Has developed an exquisite sense for the market. Won't get
fooled again. Mostly in the market for revenge.
Pops in and out of bear funds and occasional
put/shorts. Is waiting for the right time, at which time will
pile on and ride the market down. Is not expecting a
crash, but wouldn't be surprised if it happened.
4
Trading Bear
Looks for stocks to bounce around but generally head south.
Feels that Technical Analysis is the way to go most of the
time. Has been a survivor (unlike some vanquished Weary
Bears) because of nimble trading and tight stops.
Daytrades or week-trades. Has had some successes,
but also some losses in the last three years. Is likely to
short-cover a little too soon if the Big One hits.
5
New Bear
Just showed up and doesn't understand why old-time bears
(listed above) aren't gung-ho about an immediate market
decline. Hasn't experienced a snap-back rally. Hasn't owned a
double-inverse Nasdaq fund, but thinks it's attractive. Hasn't
shorted or held puts, been in the money, only to have some
meatball analyst talk up stocks prior to expiration Friday. May
be in for some rude surprises.
Soon will choose what kind of bear to be. Many become
Trading Bears. Others split into Apocalypse, Credit
Crisis, and Weary Bear categories.
Type
Outlook
Does
6
Smart Bear
Avoided the NASDAQ for the most part. Managed to short
those stocks which were part of the 'stealth' bear market. Most
likely a fundamentalist who also was aware of the great risks
in betting against a momentum sector.
Moves in for gains only after clear and convincing
evidence appears for earnings problems and lack of
market enthusiasm.
7
Information
Overload Bear
Has read Fleckenstein and Tice for years. Paid attention to
Barton Biggs, Alan Abelson, and Jim Grant. Knows all the
arguments regarding market overvaluation. Owns a
dog-eared copy of The Great Crash.
Not much. It's like, "If all these guys are correct, how
come the market hasn't collapsed yet?" Bears sound
convincing, but reality has been different - so far.
8
Lucky Bear
Believed to be extinct.
Unknown.
9
Angry Bear
Is hopping mad at the outrageous P/E for EBAY. Incredulous
about multi-billion market caps for 'blue sky' startups. Rants
about optical, biotech, fuel-cells, and other passing fads.
Makes a lot of noise, but hasn't put too much money at
risk yet. Deep down, this bear senses that as insane as
this market is, no amount of hectoring will change it.
10
Frustrated Bear
Thinks the market is overvalued, but not quite sure by how
much. Tends to be long for the most part - or in low yield but
safe instruments. Wants to participate in a bear feast, but
frankly can't see the right opportunity. Thinks puts are always
too expensive.
Will not do much even in a bear market. Watches the
situation closely, but feels that it's too risky going short.
Type
Outlook
Does
11
CNBC Bear
Has called for a market decline as far back as anyone can
remember. Is usually a guest on CNBC for the bulls to make
fun of.
Issues standard remarks about being in cash, or to
lighten up on stocks that have gained 400% over the
last year. Everybody ignores the advice.
12
Wall $treet Week
Bear
Currently banished from the show. The last one seen there,
Gail Dudak, was tossed from the Elves Index in 1999.
Plots Louis Rukeyser's demise.
13
Sleeping Bear
Figures it's not worth gaming this market.
Hibernates until a recession shows up.
14
Rabid Bear
'Knows' the market will drop starting tomorrow.
Goes whole hog against the market. Indescriminately
buys puts, and shorts momentum stocks while they are
rising. Approximate life span for this species has been
nine months.
15
Naked Bear
Confident of limited upside in selected stocks. A more
aggressive (and foolish - if you can believe it) version of
Rabid Bear.
Writes naked calls during bull markets. Is destined for
bankruptcy in short order. Will lose shirt, shorts, and
everything else.
Type
Outlook
Does
16
Half-hearted Bear
Variant of Trading Bear. Talks the bear talk, but deep down
isn't fully committed. Lacks conviction. It's the same problem
(only in reverse) that perma-bears have when they try to be
bullish.
Will play the short side, but tends to put more money on
the table for upside moves.
17
Bear Rug
Is disgusted with Wall Street and isn't an active trader. No
money left. Got badly burned shortly after one crisis (Asia,
Russia, LTCM, or '98 tech slump) by betting on further
declines, only to see the Federal Reserve step in and save
the day. May have also lost big during the wild ride of
Nov99-Mar00. Would like to have lunch with Julian Robertson
someday.
Writes angry letters to Alan Greenspan. Refuses to
watch CNBC anymore. Uses business section of
newspaper to train dog or line birdcage.
18
Happy Bear
Cheerful. Loves life. Believes we live in the best of all possible
worlds. Thinks Maria Bartiromo is terrific.
Currently on medication under a doctor's supervision.
19
Bogus Bear
Is a bull - no doubt about it.
Shows up on bearish message boards and raises ####
until chased away by the system administrator.
20
Bear-to-be
Currently a bull. Will remain so until bear market is fully
established. Then it will be to late.
Follows the crowd. Pays attention to Peter Lynch, Joe
Battipaglia, and Henry Blodget. Does whatever Abby
Cohen advises.
Type
Outlook
Does
21
Loudmouth Bear
Bearish for a number of reasons: Technical Analysis,
Fundamentals, Market Mood. Doesn't really matter.
Hangs out on Yahoo boards and engages in fiery
debates with believers in the New Era. POSTS IN ALL
CAPS.
22
Bear Cub
Lifetime bearish orientation being shaped by parents' gloomy
estimation of the markets. That will be a great asset or a great
liability - depending on what actually happens when the critter
reaches adulthood.
Can't wait to be old enough to open a brokerage
account and short QCOM (or its equivalent).
23
Sweating Bear
Terrified that another melt-up is in the offing. Only a couple of
days earlier had committed substantial funds to the short side.
Now very worried due to 'froth talk' about pending mergers,
money-on-the-sidelines coming back, 401k inflows, Fed
easing, any speech by Greenspan, or BLS reports.
Closes all short positions at market open. In the past,
this has often been the right thing to do, but is
developing a stimulus/reaction response that may be a
handicap in the future.
24
Relieved Bear
One horrible short play cancelled out by another that went
well. Wonders why bother at all with this nonsense.
That evening, goes out with friends or family for a good
time. Might have a few drinks as well.
25
Smiling Bear
Feeling pretty good about recent successes.
Bought some out-of-the-money puts a week before
Company X warned, and has a ten-bagger as a result.
Looking for another firm with a similar profile in order to
try it again.
Type
Outlook
Does
26
Perma-Bear
Only likes stocks trading below book value and with P/E's
under 5. Favors large cap consumer non-durables. Considers
Warren Buffett too much of a risk taker.
Avoids tech like the plague. Loves bonds. Portfolio has
appreciated by 2% (on an annual basis) over the last
decade. Unlikely to actively bet against the market,
despite feeling that it's a bubble destined to burst.
27
Elliot Wave Bear
Charts up a storm. Can count up to five (according to studies
at the University of Michigan). Keeps portrait of Leonardo
Pisano Fibonacci in den. Bed has length:width ratio of 1.618*
* Golden ratio, Phi [f]
Does quite well at times, but may find market transition
points (churning) hard to resolve one way or another.
Runs risk of being whipsawed. It is not known if Elliot
Wave Bears and Elliot Wave Bulls are distinct species -
though most experts suspect that is the case.
28
Scared S***less
Bear
Shorted a stock at 120 only to see it run up to 160. Hoping for
a market reversal. Either that, or an asteroid to hit Manhattan
before the margin call comes in.
Does not 'do it' in the woods. Is frozen into inaction,
hoping for an exit point that never seems to materialize.
Good candidate for a peptic ulcer.
29
New Era Bear
No such thing. A contradiction in terms.
n/a
30
Kodak Bear
Sub-species of Kodiak Bear.
Shorted EK in '99 and in '00. Recently gobbled up
profits faster than its fellow bears eat salmon in summer.
Type
Outlook
Does
31
401k Bear
Only significant funds are in 401k plan. By law, options may
not be purchased, nor can stocks be shorted. Must look to the
few inverse-market mutual funds as the best alternative.
Buys PrudentBear (BEARX), BearGuard, ProFunds
(USPIX, URPIX), or Rydex/Arktos (RYAIX, RYURX) funds.
32
QQQ Bear
(aka Q-Bear)
Focuses on the Nasdaq-100 trust, though may also get
involved with specific stocks from time to time. Likes the fact
that the Q's average out much of the noise and
unpredictability that accompanies individual securities.
Daytrades. Plays the Q's directly, or may try options.
Has to watch things pretty closely at times since volatility
remains fairly large, even for an index. Even though a
bear in general orientation, has to go long occasionally
'cause that's where the index seems to be headed at
times.
33
S&P Bear
Like QQQ Bear, but prefers working the Standard and Poor's
indices.
Similar to QQQ Bear.
34
Virgin Bear
Innocent as they come. Has actually made trades based on
Alan Abelson's column. Probably shorted a bit of AOL for a
small profit, and thinks playing the downside isn't all that
troubling. Hasn't experienced a short squeeze yet.
Pays no attention to Short Ratio, Shares Outstanding
vs. Float, Shares Short as Percent of Float. Will be
paying attention in the near future.
35
Logical Bear
On endangered species list during times of irrational
exuberance. Prior history shows an ability for the population
to recover sharply during market downturns.
Is a fundamentalist for the most part. Tends not to take
big risks. Unexciting player to watch. Owns a copy of
Graham and Dodd's Security Analysis, and will be
happy to discuss it with you over dinner. (You, of
course, politely decline the invitation.)
Type
Outlook
Does
36
International Bear
Obsessed with the Japanese Yen, British Pound, Mexican
Peso, and the Greek Drachma. Likes the idea of a Currency
Board for 'those countries that lack self discipline'. Sees
economic strength in terms of exchange rates. Is frankly
baffled by the poor showing of the Euro.
Does a little currency futures trading at times, but for
the most part buys and sells equities in overseas
bourses.
37
Vindicated Bear
Relief that much of the pain and suffering endured during the
1990's seems to be finally over. Though there have been big
losses during that time, the fact that the New Era has lost its
sheen, provides some solace. Always thought Greenspan was
way too cavalier about the fact that "we may be in a bubble".
Can't help saying, "I told you so," when dot-coms that
traded as high as $100 are now going for $2 and
change. Is not sympathetic at all to daytraders or margin
players that got hurt - but doesn't tease them either.
38
21st Century Bear
A most fortunate creature. Through luck or skill, didn't
become a bear until the year 2000. Missed out on all the 'fun'
other bears experienced up to that time.
Straightforward shorting and puts on tech. Not a whole
lot of analysis applied. To the amazement of long time
bears, most plays turn out to be big winners. (Sort of the
inverse of the buy-on-the-dips bull: can't lose when the
trend is your friend)
39
Wandering Bear
Moves from Fundamental Analysis to Technical Analysis to
Market Mood to Astrological Influences to whatever catches
his fancy. Although a bear in outlook, the failings of each
school during the exuberant market have made this bear keep
looking for something to make sense of it all.
Does the wrong thing at the wrong time. Shorted during
the wild run ups. Bought puts when the market was
stagnant. Tried to profit on the situation the day after a
big market drop, only to get socked by the snap-back
rally.
40
Media Bear
Cannot believe the television ads for brokerage firms which
feature people who wouldn't know a 10K if it came up and if it
bit them in the behind. Was stunned that Schwab featured
18-year-old tennis player Anna Kournikova explaining
financial terms between sets. Incredulous that so many ads
were aired during the Superbowl. Considers the fact that Jeff
Bezos was Time's Man of the Year a good indicator that the
world has gone mad.
Avoids popular media. Only watches PBS or reads back
issues of Colliers.
1 Apocalypse Bear
Thinks global economy will collapse due to total charade
organized and controlled by The Powers That Be. Predicts
massive inflation followed by repudiation of fiat currency, or
worldwide deflation (take your pick). Looks to political events
for clues about the future. Was hoping Y2K would be more
eventful than it turned out to be.
Holds gold stocks and some bear funds. Isn't quite
ready to commit to shorting or buying puts. Waiting for
confirmation. In the meantime has stocked up on food
and water, 'just in case it gets real bad'.
2
Credit Crisis Bear
Reads complicated essays about esoteric financial issues.
Concerned about low savings rates, trade deficits, the yield
curve, bond market hijinks, bank overextension, and the
money supply. Has seen so much negative data over the past
four years, it's hard to detect any real signal anymore.
Tends to play with broad market instruments as
opposed to individual stocks. Hasn't lost shirt.
3
Weary Bear
Expects high P/E stocks to come back to earth when
fundamentals reassert themselves. Once was an enthusiastic
bear (say in 1997, 8, and 9). Has witnessed the market stall
and dip, only to blast off again, several times. Significantly
burned with worthless puts or short squeezes more than once.
Has developed an exquisite sense for the market. Won't get
fooled again. Mostly in the market for revenge.
Pops in and out of bear funds and occasional
put/shorts. Is waiting for the right time, at which time will
pile on and ride the market down. Is not expecting a
crash, but wouldn't be surprised if it happened.
4
Trading Bear
Looks for stocks to bounce around but generally head south.
Feels that Technical Analysis is the way to go most of the
time. Has been a survivor (unlike some vanquished Weary
Bears) because of nimble trading and tight stops.
Daytrades or week-trades. Has had some successes,
but also some losses in the last three years. Is likely to
short-cover a little too soon if the Big One hits.
5
New Bear
Just showed up and doesn't understand why old-time bears
(listed above) aren't gung-ho about an immediate market
decline. Hasn't experienced a snap-back rally. Hasn't owned a
double-inverse Nasdaq fund, but thinks it's attractive. Hasn't
shorted or held puts, been in the money, only to have some
meatball analyst talk up stocks prior to expiration Friday. May
be in for some rude surprises.
Soon will choose what kind of bear to be. Many become
Trading Bears. Others split into Apocalypse, Credit
Crisis, and Weary Bear categories.
Type
Outlook
Does
6
Smart Bear
Avoided the NASDAQ for the most part. Managed to short
those stocks which were part of the 'stealth' bear market. Most
likely a fundamentalist who also was aware of the great risks
in betting against a momentum sector.
Moves in for gains only after clear and convincing
evidence appears for earnings problems and lack of
market enthusiasm.
7
Information
Overload Bear
Has read Fleckenstein and Tice for years. Paid attention to
Barton Biggs, Alan Abelson, and Jim Grant. Knows all the
arguments regarding market overvaluation. Owns a
dog-eared copy of The Great Crash.
Not much. It's like, "If all these guys are correct, how
come the market hasn't collapsed yet?" Bears sound
convincing, but reality has been different - so far.
8
Lucky Bear
Believed to be extinct.
Unknown.
9
Angry Bear
Is hopping mad at the outrageous P/E for EBAY. Incredulous
about multi-billion market caps for 'blue sky' startups. Rants
about optical, biotech, fuel-cells, and other passing fads.
Makes a lot of noise, but hasn't put too much money at
risk yet. Deep down, this bear senses that as insane as
this market is, no amount of hectoring will change it.
10
Frustrated Bear
Thinks the market is overvalued, but not quite sure by how
much. Tends to be long for the most part - or in low yield but
safe instruments. Wants to participate in a bear feast, but
frankly can't see the right opportunity. Thinks puts are always
too expensive.
Will not do much even in a bear market. Watches the
situation closely, but feels that it's too risky going short.
Type
Outlook
Does
11
CNBC Bear
Has called for a market decline as far back as anyone can
remember. Is usually a guest on CNBC for the bulls to make
fun of.
Issues standard remarks about being in cash, or to
lighten up on stocks that have gained 400% over the
last year. Everybody ignores the advice.
12
Wall $treet Week
Bear
Currently banished from the show. The last one seen there,
Gail Dudak, was tossed from the Elves Index in 1999.
Plots Louis Rukeyser's demise.
13
Sleeping Bear
Figures it's not worth gaming this market.
Hibernates until a recession shows up.
14
Rabid Bear
'Knows' the market will drop starting tomorrow.
Goes whole hog against the market. Indescriminately
buys puts, and shorts momentum stocks while they are
rising. Approximate life span for this species has been
nine months.
15
Naked Bear
Confident of limited upside in selected stocks. A more
aggressive (and foolish - if you can believe it) version of
Rabid Bear.
Writes naked calls during bull markets. Is destined for
bankruptcy in short order. Will lose shirt, shorts, and
everything else.
Type
Outlook
Does
16
Half-hearted Bear
Variant of Trading Bear. Talks the bear talk, but deep down
isn't fully committed. Lacks conviction. It's the same problem
(only in reverse) that perma-bears have when they try to be
bullish.
Will play the short side, but tends to put more money on
the table for upside moves.
17
Bear Rug
Is disgusted with Wall Street and isn't an active trader. No
money left. Got badly burned shortly after one crisis (Asia,
Russia, LTCM, or '98 tech slump) by betting on further
declines, only to see the Federal Reserve step in and save
the day. May have also lost big during the wild ride of
Nov99-Mar00. Would like to have lunch with Julian Robertson
someday.
Writes angry letters to Alan Greenspan. Refuses to
watch CNBC anymore. Uses business section of
newspaper to train dog or line birdcage.
18
Happy Bear
Cheerful. Loves life. Believes we live in the best of all possible
worlds. Thinks Maria Bartiromo is terrific.
Currently on medication under a doctor's supervision.
19
Bogus Bear
Is a bull - no doubt about it.
Shows up on bearish message boards and raises ####
until chased away by the system administrator.
20
Bear-to-be
Currently a bull. Will remain so until bear market is fully
established. Then it will be to late.
Follows the crowd. Pays attention to Peter Lynch, Joe
Battipaglia, and Henry Blodget. Does whatever Abby
Cohen advises.
Type
Outlook
Does
21
Loudmouth Bear
Bearish for a number of reasons: Technical Analysis,
Fundamentals, Market Mood. Doesn't really matter.
Hangs out on Yahoo boards and engages in fiery
debates with believers in the New Era. POSTS IN ALL
CAPS.
22
Bear Cub
Lifetime bearish orientation being shaped by parents' gloomy
estimation of the markets. That will be a great asset or a great
liability - depending on what actually happens when the critter
reaches adulthood.
Can't wait to be old enough to open a brokerage
account and short QCOM (or its equivalent).
23
Sweating Bear
Terrified that another melt-up is in the offing. Only a couple of
days earlier had committed substantial funds to the short side.
Now very worried due to 'froth talk' about pending mergers,
money-on-the-sidelines coming back, 401k inflows, Fed
easing, any speech by Greenspan, or BLS reports.
Closes all short positions at market open. In the past,
this has often been the right thing to do, but is
developing a stimulus/reaction response that may be a
handicap in the future.
24
Relieved Bear
One horrible short play cancelled out by another that went
well. Wonders why bother at all with this nonsense.
That evening, goes out with friends or family for a good
time. Might have a few drinks as well.
25
Smiling Bear
Feeling pretty good about recent successes.
Bought some out-of-the-money puts a week before
Company X warned, and has a ten-bagger as a result.
Looking for another firm with a similar profile in order to
try it again.
Type
Outlook
Does
26
Perma-Bear
Only likes stocks trading below book value and with P/E's
under 5. Favors large cap consumer non-durables. Considers
Warren Buffett too much of a risk taker.
Avoids tech like the plague. Loves bonds. Portfolio has
appreciated by 2% (on an annual basis) over the last
decade. Unlikely to actively bet against the market,
despite feeling that it's a bubble destined to burst.
27
Elliot Wave Bear
Charts up a storm. Can count up to five (according to studies
at the University of Michigan). Keeps portrait of Leonardo
Pisano Fibonacci in den. Bed has length:width ratio of 1.618*
* Golden ratio, Phi [f]
Does quite well at times, but may find market transition
points (churning) hard to resolve one way or another.
Runs risk of being whipsawed. It is not known if Elliot
Wave Bears and Elliot Wave Bulls are distinct species -
though most experts suspect that is the case.
28
Scared S***less
Bear
Shorted a stock at 120 only to see it run up to 160. Hoping for
a market reversal. Either that, or an asteroid to hit Manhattan
before the margin call comes in.
Does not 'do it' in the woods. Is frozen into inaction,
hoping for an exit point that never seems to materialize.
Good candidate for a peptic ulcer.
29
New Era Bear
No such thing. A contradiction in terms.
n/a
30
Kodak Bear
Sub-species of Kodiak Bear.
Shorted EK in '99 and in '00. Recently gobbled up
profits faster than its fellow bears eat salmon in summer.
Type
Outlook
Does
31
401k Bear
Only significant funds are in 401k plan. By law, options may
not be purchased, nor can stocks be shorted. Must look to the
few inverse-market mutual funds as the best alternative.
Buys PrudentBear (BEARX), BearGuard, ProFunds
(USPIX, URPIX), or Rydex/Arktos (RYAIX, RYURX) funds.
32
QQQ Bear
(aka Q-Bear)
Focuses on the Nasdaq-100 trust, though may also get
involved with specific stocks from time to time. Likes the fact
that the Q's average out much of the noise and
unpredictability that accompanies individual securities.
Daytrades. Plays the Q's directly, or may try options.
Has to watch things pretty closely at times since volatility
remains fairly large, even for an index. Even though a
bear in general orientation, has to go long occasionally
'cause that's where the index seems to be headed at
times.
33
S&P Bear
Like QQQ Bear, but prefers working the Standard and Poor's
indices.
Similar to QQQ Bear.
34
Virgin Bear
Innocent as they come. Has actually made trades based on
Alan Abelson's column. Probably shorted a bit of AOL for a
small profit, and thinks playing the downside isn't all that
troubling. Hasn't experienced a short squeeze yet.
Pays no attention to Short Ratio, Shares Outstanding
vs. Float, Shares Short as Percent of Float. Will be
paying attention in the near future.
35
Logical Bear
On endangered species list during times of irrational
exuberance. Prior history shows an ability for the population
to recover sharply during market downturns.
Is a fundamentalist for the most part. Tends not to take
big risks. Unexciting player to watch. Owns a copy of
Graham and Dodd's Security Analysis, and will be
happy to discuss it with you over dinner. (You, of
course, politely decline the invitation.)
Type
Outlook
Does
36
International Bear
Obsessed with the Japanese Yen, British Pound, Mexican
Peso, and the Greek Drachma. Likes the idea of a Currency
Board for 'those countries that lack self discipline'. Sees
economic strength in terms of exchange rates. Is frankly
baffled by the poor showing of the Euro.
Does a little currency futures trading at times, but for
the most part buys and sells equities in overseas
bourses.
37
Vindicated Bear
Relief that much of the pain and suffering endured during the
1990's seems to be finally over. Though there have been big
losses during that time, the fact that the New Era has lost its
sheen, provides some solace. Always thought Greenspan was
way too cavalier about the fact that "we may be in a bubble".
Can't help saying, "I told you so," when dot-coms that
traded as high as $100 are now going for $2 and
change. Is not sympathetic at all to daytraders or margin
players that got hurt - but doesn't tease them either.
38
21st Century Bear
A most fortunate creature. Through luck or skill, didn't
become a bear until the year 2000. Missed out on all the 'fun'
other bears experienced up to that time.
Straightforward shorting and puts on tech. Not a whole
lot of analysis applied. To the amazement of long time
bears, most plays turn out to be big winners. (Sort of the
inverse of the buy-on-the-dips bull: can't lose when the
trend is your friend)
39
Wandering Bear
Moves from Fundamental Analysis to Technical Analysis to
Market Mood to Astrological Influences to whatever catches
his fancy. Although a bear in outlook, the failings of each
school during the exuberant market have made this bear keep
looking for something to make sense of it all.
Does the wrong thing at the wrong time. Shorted during
the wild run ups. Bought puts when the market was
stagnant. Tried to profit on the situation the day after a
big market drop, only to get socked by the snap-back
rally.
40
Media Bear
Cannot believe the television ads for brokerage firms which
feature people who wouldn't know a 10K if it came up and if it
bit them in the behind. Was stunned that Schwab featured
18-year-old tennis player Anna Kournikova explaining
financial terms between sets. Incredulous that so many ads
were aired during the Superbowl. Considers the fact that Jeff
Bezos was Time's Man of the Year a good indicator that the
world has gone mad.
Avoids popular media. Only watches PBS or reads back
issues of Colliers.
Colt ol boy no need to get hot under the collar it's just a game.
"I have to admit though that Blazer fans are like the people on the Titanic"
Well with the tone in this last post I’d say you described some Spurr fans as well. Only dif is Their Titanic isn't sinking right now...but it will. Chicago did.
As for staying on that sinking ship, only the rats are the first to leave, the real crew tries to salvage anything and everything before moving to the lifeboats.
ABF and OBG are highly optimistic about the Blazers chances. And that’s good. Somebody has to be. I mean it’s not like we have no chance at all. We could step up and play to half our potential and walk away with the ring..its not going to happen but it could. The other night I sat right in front of them, chewing on all our million dollar babies and just what their attitude did to Portland fans...Yes we are depressed and angry fans. The bright spot for many of us flipped us the bird. We still have to root for the home team.... There’s always next year, with a new set of faces..
Don't believe the lies. Don’t believe the lies! eom
OBG yhpm
Azzhole... no you have private mail! eom har
I was just thinking....
When you write a private message it sure would be nice to retain a copy of what you wrote.
Did you read this Husker?
This might just play out like a cheesy Hollywood thriller, where the thing that you think is going to cause problems only creates a false sense of security.
Nevertheless, the markets held on to their optimism Tuesday, a day after Cisco Systems (CSCO) sent a scare through Wall Street following Monday's closing bell.
Shares of Cisco fell just 0.54 to 16.66 on Tuesday, after the company said its third-quarter revenue will be $4.69 billion, a 30-percent drop from the previous quarter.
The Nasdaq Composite Index actually gained 13.65 points to close at 1,923.22. The Dow Jones Industrial Average rose 58.17 to 10,216.73, and the broader Standard & Poor's 500 Index rose 11.85 to 1,191.53.
As old economy rules continue to play a bigger role with how investors look at tech stocks, David_Barney and stanboss discussed whether or not Cisco should be considered "old tech".
Said David_Barney: "CSCO is Old Tech... It's no longer a leader in the new economy. Everything they sell can be bought from someone else. It is the beginning of the commoditization of the business. I am not long or short the stock, but I really can't understand what all the debate is about. CSCO will have to reinvent itself just like IBM did if they ever hope to come back, and right now it doesn't sound to me like Chambers has a plan for that. Until he stops using the word 'challenging' and starts using words like negative and we messed up, they are going nowhere. Let's see, they are going to write off 2.5 Billion in inventory and they call that 'challenging'. That is about 2/3 of the entire inventory of the company and they are now saying that it's worthless. If I did own this stock I would want someone's job. This is just another example of a company that has been in a groove for too long."
More
Stanboss does not completely dismiss David_Barney, but thinks he goes a bit too far.
"Some of what you say rings true, however, Cisco is not Old-Tech. Example: Wireless & CDN; rapidly advancing go-ahead technologies that Cisco has in their arsenal & they will be focusing on these high-growth areas. I think Cisco is starting to re-invent itself, but you're right, management goofed big time, but they're not losing their jobs (so it would appear - even if they did, the big boys are so rich already it would not affect them)."
More
Meantime, SKYLARK1219 focuses the analysis on what's going on inside the company instead of what people outside the company perceive it as.
"Regarding the inventory write down: Why in no analyst asking these questions? 1. Why did the company accumulate that amount of long lead-time components without firm contracts with customers? 2. The intra company communications must be dysfunctional!! How could they build up the inventories of such components? Someone should have or did know that a new generation of products would make the components for the old generation of product obsolete. Isn't anyone within the company talking to their colleagues? Obviously they lost control of their new product introduction strategy or had no such strategy. Management waltzed around this subject on TV. Something is drastically wrong with CISCO and no one acknowledges that fact."
More
Shares of Apple Computer (AAPL) fell 1.04 to 20.4 Tuesday a day before the company is expected to release its earnings.
While fi_bait is undoubtedly interested in the company's pending earnings report, the immediate numbers will not likely prompt any sudden movements.
"AAPL is not a trading or speculative stock for me, even if it should be. I bought AAPL at three different price points, all way above its current price. Although I've sold a few holdings at loss, it just doesn't make sense to do so with AAPL in the current state of the market or at this important technological juncture. If Apple hits a home run (go Rockies, BTW), or even a double, with OSX and new machines, I want to be there with my money where my mouth is. Like so many of us, I caught investing fever in 1999, only to wash out on just about everything in 2000. One exception was MGIC, which I bought at $13 and got out of at ~$80 pre-3/1 split. Ooof. After doing my taxes this year, I concluded I simply don't like having lots of trading transactions to report, especially mediocre gains and nasty losses. So, until someone convincingly dope-slaps me out of my inertia, I'm a-holding what I've still got. Besides, my kids are getting close to being able to support me in my penury. My best investment ever, in more ways than one."
Probably just me with my unique circumstances however I’ve always hated it when people offered me their condolences after a tragic loss in the family. Like I said probably just me.
Husker I am discussing breeding My Rott with another Pure bred. When money negotiations settle (my dogs stud fee) and the Pups arrive If you would like one,I'll give you one of my picks for free.
BTW whats that make 2+ in the last three days?
Thumbs up to that but I'm not selling my CD for anything right now.
I was just repeating what I was listening to on CNBC. They hyped the mkt all day long and then brought in the caution crew after hours...I didn't repeat what they said verbatim just the gist of the comments.
I found the whole episode that funny.
Surprise rate cut propels Dow, Nasdaq
Market Snapshot
NEW YORK (CBS.MW) - The major averages zoomed Wednesday, staging an across-the-board monster rally as the Federal Reserve caught investors off guard with its decision to trim short-term rates by half a percentage point one month ahead of its regularly scheduled meeting. Both the Dow Industrials and Nasdaq saw their best closing levels in five weeks.
That marked the central bank's second inter-meeting move since the beginning of the year and its fourth in 2001. The overnight Fed funds rate has fallen 2 full percentage points since January, taking the overnight target rate to 4.50 percent. See full story.
The Nasdaq, up 8.1 percent, saw its fourth largest percentage move ever and its second heaviest volume day.
"Short-term players were forced to adjust positions and this has led not just to short covering but also to outright institutional buying. Investors are putting money to work here," said Scott Bleier, chief investment strategist at Prime Charter.
While Bleier believes the Nasdaq can reach 2,500 in the springtime on the sheer momentum that such oversold conditions typically bring, he advises individual investors to not chase the current rally.
"At some point, it's possible we retest the lows on Nasdaq," Bleier concluded.
In the meantime, Merrill Lynch's chief U.S. investment strategist Christine Callies upped the equity portion of a balanced portfolio to 70 percent from 65 percent while lowering the bond portion to 25 percent from 30 percent. Merrill's 12-month target for the S&P 500 Index is 1,570.
The Dow Jones Industrial Average (US) soared 399.10 points, or 3.9 percent, to 10,615.83 while the Nasdaq Composite (US) soared 156.22 points, or 8.1 percent, to 2,079.44.
The Dow's frontrunners included Intel, Hewlett-Packard, Home Depot, American Express, Wal-Mart and J.P. Morgan Chase. The only downside movers were Merck, Johnson & Johnson, Philip Morris and SBC Communications.
"The [Fed's] timing was perfect. Everyone had given up hope so the Fed maximized the surprise and got [the most] bang for its buck," said Drew Matus, financial economist at Lehman Bros. Matus now expects the Fed's May 15 meeting to produce a cut of 25 basis points instead of the 50 basis points that had been expected before the latest move.
With an eye to stocks, the policy-makers may have been thinking about investor sentiment, some observers said. "You can easily take from the Fed's statement that rates were cut for the equity market," Matus said.
"If ever there were a surprise, this is it. After a couple of weeks of being told by Fed officials that inter-meeting cuts are generally to be avoided, this was not on anyone's agenda," commented Ian Shepherdson, chief U.S. economist at high Frequency Economics. "It must also prompt the question of whether the Fed knows something we don't, though the statement focuses largely on just two elements of the macro story -- the weakness of capital spending and the impact of falling wealth on consumption."
Even before the rate-cut news, tech stocks had flourished right from the start of trading Wednesday amid hopes that most of the bad news on the earnings front may already be reflected in stock prices.
In another encouraging move, investors again managed to shrug off warnings - this time one from Dow component Hewlett-Packard -- and instead zeroed in on better-than-expected news, such as Intel's better-than-expected earnings report.
All tech sectors registered massive gains, with hardware and chip issues enjoying the heftiest advances. In the broad market, brokerage, bank, biotech, retail and cyclical shares climbed while traditionally defensive areas of the market -- such as drug and utility -- declined. Natural gas, oil, and oil service issues also sagged. View the latest market stats.
Among other major market gauges, the Nasdaq 100 Index ($NDX) climbed 159.28 points, or 9.5 percent, to 1,830.79, the Standard & Poor's 500 Index (US) surged 3.9 percent and the Russell 2000 Index (US) of small-capitalization stocks gained 2.4 percent.
See After Hours for post-market trading activity.
Volume stood at a heavy 1.90 billion on the NYSE and at 3.18 billion on the Nasdaq Stock Market. Market breadth was extremely positive, with winners trouncing losers by 20 to 11 on the NYSE and by 29 to 12 on the Nasdaq.
Merrill's Callies said the market was acting appropriately to the move.
"We would point out that investors should not be too quick to assume that the rally cannot last. We believe this is very powerful stimulus and we think the market has already set itself up to respond to improving data from the economy at some point this year," she said in a research note.
Shepherdson applauded the Fed for its "willingness to overlook" recent signs that the manufacturing sector may be warming up again.
"We are reluctant immediately to assume that the Fed will for sure cut rates again on May 15 -- it depends on the data -- though it seems a reasonable working assumption unless we hear otherwise from the Chairman," Shepherdson added.
In its statement, the FOMC worried about the threat of capital restraints and declining wealth combining to keep the pace of economic activity unacceptably weak. The panel noted that "capital investment has continued to soften, and the persistent erosion in current and expected profitability, in combination with rising uncertainty about the business outlook, seems poised to dampen capital spending going forward."
However, the Fed also noted that a significant reduction in excess inventories seems well advanced and that consumption and housing expenditures have held up reasonably well.
Cohen cuts S&P, Dow targets
Goldman Sachs's head of investment strategy Abby Joseph Cohen lowered year-end targets on the S&P 500 to 1,550 from 1,650 and on the Dow Industrials to 12,500 from 13,000. That represents gains of 30 percent and 22.4 percent from current levels, respectively. Cohen said her 12-month forward price target for the S&P 500 for spring 2002 is 1,600.
"Above trend gains are achievable for these major indexes owing to current undervaluation and belief that an economic black hole is not likely," the Goldman pundit said in a note to clients.
Additionally, Cohen reduced her longstanding 2001 estimate for S&P 500 operating earnings-per-share to $56.50 from $60. She also introduced a forecast for 2002 EPS of $61.50, a projected gain of 9 percent vs. 2001 levels.
"We do not expect an intractable recession and expect profit growth to reaccelerate in the second half of 2001," she added. "The critical point is that we believe much of the damage to profits has already occurred and/or been reflected in stock prices."
Earnings galore
Meanwhile, the downpour of earnings news continued unabated.
Hardware stocks, for one, dismissed H-P's profit warning and were among the biggest upside movers within technology. The company (HWP) told investors Wednesday that rapid deterioration in global information technology spending would cause it to miss second-quarter estimates. H-P climbed 9.1 percent, Dell 8 percent and Compaq 11.8 percent. See full story.
IBM (IBM) swelled 6.8 percent. The company posted after the close Wednesday a first-quarter profit of 98 cents a share, in line with the Wall Street consensus estimate.
Chip stocks reveled in Intel's good news, pushing the Philly Semiconductor Index ($SOX) up a smashing 11.7 percent. The chip behemoth (INTC) jumped 20.1 percent and was the Dow's biggest upside mover after posting late Tuesday a profit from operations of 16 cents in the first quarter, beating the Wall Street consensus estimate by a penny. Investors latched on to Intel's comment that its microprocessor business appears to have stabilized. The stock received a number of upgrades. See latest upgrades and downgrades.
AOL Time Warner (AOL) registered first-quarter earnings of 23 cents a share, topping estimates by 3 cents. Revenue climbed 9 percent during the period and the Internet and media colossus said its America Online unit added 2 million subscribers during the quarter, bringing the total to nearly 29 million. The stock ended up 11.6 percent. See full story. Among other stocks in the Net space, Yahoo jumped 7.6 percent and Amazon climbed 12.2 percent. Business-to-business stocks also enjoyed heady gains.
Brokerage stocks were on fire, sending the Amex Securities Broker/Dealer Index ($XBD) up 7.4 percent. See related story. Powerhouse Merrill Lynch (MER) posted first-quarter earnings of 92 cents a share, down 21 percent from the $1.24 a share last year and 2 cents ahead of the Wall Street estimate. The company said profits declined amid a slump in retail order flow as stock prices dropped. Shares added 9.3 percent.
The Dow's financial components were also on a roll. J.P. Morgan Chase (JPM) posted a profit from operations of 70 cents a share, down from $1.10 per share in the year-ago period and ahead of the 66 cents a share that had been expected by First Call/Thomson Financial. The company said weak stock market conditions resulted in lower equity underwriting. See full story. J.P. Morgan surged 8.2 percent, Citigroup 4.4 percent and American Express 9.2 percent.
Among other Dow stocks reporting results, Coca-Cola (KO) said it made 35 cents a share in its first quarter, two pennies ahead of the consensus estimate. The company also said it's comfortable with current earnings expectations for 2001. And General Motors (GM) reported a profit of 50 cents a share, down from $2.80 a share made in the first quarter last year but well ahead of the 26 cents a share that Wall Street had expected. For the current quarter, GM said it's on track to earn 95 cents a share. See full story. Finally, International Paper (IP) said it had a profit from operations of 5 cents a share in the first quarter, in line with the consensus estimate but well below the 60 cents earned in the same quarter last year. Coke rose 2.3 percent, General Motors 5.9 percent and International Paper 4.6 percent.
Drug giant Pfizer (PFE) posted a profit from operations of 33 cents a share in the first quarter, two cents ahead of the Wall Street estimate and up 34 percent over the year ago period. Shares fell 3.6 percent, mirroring declines in the drug sector.
Select consumer stocks also declined, with the dour tone triggered by an earnings miss from Gillette (G) due to sagging sales and adverse foreign exchange effects. See full story. Gillette lost 8.6 percent, Kimberly-Clark 1.8 percent and Dial 3.2 percent.
Treasury focus
Government prices were mixed in light of the Fed's move. Only short-dated issues gained traction on the rate cut while long-dated securities languished at lower levels.
The 10-year Treasury note was off 1/4 to yield (US) 5.265 percent while the 30-year government bond slumped 1/8 to yield (US) 5.67 percent. See Bond Report.
In economic news, the February trade gap narrowed to $26.99 billion vs. expectations of a $32.7 billion deficit. It was the narrowest level in 14 months. See full story.
And leading economic indicators fell 0.3 percent in February vs. a projected 0.2 percent increase. Thursday will see the release of weekly initial claims and the Philly Fed Index for April. View Economic Preview and economic calendar and forecasts.
In the currency space, dollar/yen slumped 0.7 percent to 122.39 while euro/dollar rose 0.5 percent to 0.8877.
--------------------------------------------------------------------------------
Julie Rannazzisi is markets editor for CBS.MarketWatch.com in New York.
Surprise rate cut propels Dow, Nasdaq
Market Snapshot
NEW YORK (CBS.MW) - The major averages zoomed Wednesday, staging an across-the-board monster rally as the Federal Reserve caught investors off guard with its decision to trim short-term rates by half a percentage point one month ahead of its regularly scheduled meeting. Both the Dow Industrials and Nasdaq saw their best closing levels in five weeks.
That marked the central bank's second inter-meeting move since the beginning of the year and its fourth in 2001. The overnight Fed funds rate has fallen 2 full percentage points since January, taking the overnight target rate to 4.50 percent. See full story.
The Nasdaq, up 8.1 percent, saw its fourth largest percentage move ever and its second heaviest volume day.
"Short-term players were forced to adjust positions and this has led not just to short covering but also to outright institutional buying. Investors are putting money to work here," said Scott Bleier, chief investment strategist at Prime Charter.
While Bleier believes the Nasdaq can reach 2,500 in the springtime on the sheer momentum that such oversold conditions typically bring, he advises individual investors to not chase the current rally.
"At some point, it's possible we retest the lows on Nasdaq," Bleier concluded.
In the meantime, Merrill Lynch's chief U.S. investment strategist Christine Callies upped the equity portion of a balanced portfolio to 70 percent from 65 percent while lowering the bond portion to 25 percent from 30 percent. Merrill's 12-month target for the S&P 500 Index is 1,570.
The Dow Jones Industrial Average (US) soared 399.10 points, or 3.9 percent, to 10,615.83 while the Nasdaq Composite (US) soared 156.22 points, or 8.1 percent, to 2,079.44.
The Dow's frontrunners included Intel, Hewlett-Packard, Home Depot, American Express, Wal-Mart and J.P. Morgan Chase. The only downside movers were Merck, Johnson & Johnson, Philip Morris and SBC Communications.
"The [Fed's] timing was perfect. Everyone had given up hope so the Fed maximized the surprise and got [the most] bang for its buck," said Drew Matus, financial economist at Lehman Bros. Matus now expects the Fed's May 15 meeting to produce a cut of 25 basis points instead of the 50 basis points that had been expected before the latest move.
With an eye to stocks, the policy-makers may have been thinking about investor sentiment, some observers said. "You can easily take from the Fed's statement that rates were cut for the equity market," Matus said.
"If ever there were a surprise, this is it. After a couple of weeks of being told by Fed officials that inter-meeting cuts are generally to be avoided, this was not on anyone's agenda," commented Ian Shepherdson, chief U.S. economist at high Frequency Economics. "It must also prompt the question of whether the Fed knows something we don't, though the statement focuses largely on just two elements of the macro story -- the weakness of capital spending and the impact of falling wealth on consumption."
Even before the rate-cut news, tech stocks had flourished right from the start of trading Wednesday amid hopes that most of the bad news on the earnings front may already be reflected in stock prices.
In another encouraging move, investors again managed to shrug off warnings - this time one from Dow component Hewlett-Packard -- and instead zeroed in on better-than-expected news, such as Intel's better-than-expected earnings report.
All tech sectors registered massive gains, with hardware and chip issues enjoying the heftiest advances. In the broad market, brokerage, bank, biotech, retail and cyclical shares climbed while traditionally defensive areas of the market -- such as drug and utility -- declined. Natural gas, oil, and oil service issues also sagged. View the latest market stats.
Among other major market gauges, the Nasdaq 100 Index ($NDX) climbed 159.28 points, or 9.5 percent, to 1,830.79, the Standard & Poor's 500 Index (US) surged 3.9 percent and the Russell 2000 Index (US) of small-capitalization stocks gained 2.4 percent.
See After Hours for post-market trading activity.
Volume stood at a heavy 1.90 billion on the NYSE and at 3.18 billion on the Nasdaq Stock Market. Market breadth was extremely positive, with winners trouncing losers by 20 to 11 on the NYSE and by 29 to 12 on the Nasdaq.
Merrill's Callies said the market was acting appropriately to the move.
"We would point out that investors should not be too quick to assume that the rally cannot last. We believe this is very powerful stimulus and we think the market has already set itself up to respond to improving data from the economy at some point this year," she said in a research note.
Shepherdson applauded the Fed for its "willingness to overlook" recent signs that the manufacturing sector may be warming up again.
"We are reluctant immediately to assume that the Fed will for sure cut rates again on May 15 -- it depends on the data -- though it seems a reasonable working assumption unless we hear otherwise from the Chairman," Shepherdson added.
In its statement, the FOMC worried about the threat of capital restraints and declining wealth combining to keep the pace of economic activity unacceptably weak. The panel noted that "capital investment has continued to soften, and the persistent erosion in current and expected profitability, in combination with rising uncertainty about the business outlook, seems poised to dampen capital spending going forward."
However, the Fed also noted that a significant reduction in excess inventories seems well advanced and that consumption and housing expenditures have held up reasonably well.
Cohen cuts S&P, Dow targets
Goldman Sachs's head of investment strategy Abby Joseph Cohen lowered year-end targets on the S&P 500 to 1,550 from 1,650 and on the Dow Industrials to 12,500 from 13,000. That represents gains of 30 percent and 22.4 percent from current levels, respectively. Cohen said her 12-month forward price target for the S&P 500 for spring 2002 is 1,600.
"Above trend gains are achievable for these major indexes owing to current undervaluation and belief that an economic black hole is not likely," the Goldman pundit said in a note to clients.
Additionally, Cohen reduced her longstanding 2001 estimate for S&P 500 operating earnings-per-share to $56.50 from $60. She also introduced a forecast for 2002 EPS of $61.50, a projected gain of 9 percent vs. 2001 levels.
"We do not expect an intractable recession and expect profit growth to reaccelerate in the second half of 2001," she added. "The critical point is that we believe much of the damage to profits has already occurred and/or been reflected in stock prices."
Earnings galore
Meanwhile, the downpour of earnings news continued unabated.
Hardware stocks, for one, dismissed H-P's profit warning and were among the biggest upside movers within technology. The company (HWP) told investors Wednesday that rapid deterioration in global information technology spending would cause it to miss second-quarter estimates. H-P climbed 9.1 percent, Dell 8 percent and Compaq 11.8 percent. See full story.
IBM (IBM) swelled 6.8 percent. The company posted after the close Wednesday a first-quarter profit of 98 cents a share, in line with the Wall Street consensus estimate.
Chip stocks reveled in Intel's good news, pushing the Philly Semiconductor Index ($SOX) up a smashing 11.7 percent. The chip behemoth (INTC) jumped 20.1 percent and was the Dow's biggest upside mover after posting late Tuesday a profit from operations of 16 cents in the first quarter, beating the Wall Street consensus estimate by a penny. Investors latched on to Intel's comment that its microprocessor business appears to have stabilized. The stock received a number of upgrades. See latest upgrades and downgrades.
AOL Time Warner (AOL) registered first-quarter earnings of 23 cents a share, topping estimates by 3 cents. Revenue climbed 9 percent during the period and the Internet and media colossus said its America Online unit added 2 million subscribers during the quarter, bringing the total to nearly 29 million. The stock ended up 11.6 percent. See full story. Among other stocks in the Net space, Yahoo jumped 7.6 percent and Amazon climbed 12.2 percent. Business-to-business stocks also enjoyed heady gains.
Brokerage stocks were on fire, sending the Amex Securities Broker/Dealer Index ($XBD) up 7.4 percent. See related story. Powerhouse Merrill Lynch (MER) posted first-quarter earnings of 92 cents a share, down 21 percent from the $1.24 a share last year and 2 cents ahead of the Wall Street estimate. The company said profits declined amid a slump in retail order flow as stock prices dropped. Shares added 9.3 percent.
The Dow's financial components were also on a roll. J.P. Morgan Chase (JPM) posted a profit from operations of 70 cents a share, down from $1.10 per share in the year-ago period and ahead of the 66 cents a share that had been expected by First Call/Thomson Financial. The company said weak stock market conditions resulted in lower equity underwriting. See full story. J.P. Morgan surged 8.2 percent, Citigroup 4.4 percent and American Express 9.2 percent.
Among other Dow stocks reporting results, Coca-Cola (KO) said it made 35 cents a share in its first quarter, two pennies ahead of the consensus estimate. The company also said it's comfortable with current earnings expectations for 2001. And General Motors (GM) reported a profit of 50 cents a share, down from $2.80 a share made in the first quarter last year but well ahead of the 26 cents a share that Wall Street had expected. For the current quarter, GM said it's on track to earn 95 cents a share. See full story. Finally, International Paper (IP) said it had a profit from operations of 5 cents a share in the first quarter, in line with the consensus estimate but well below the 60 cents earned in the same quarter last year. Coke rose 2.3 percent, General Motors 5.9 percent and International Paper 4.6 percent.
Drug giant Pfizer (PFE) posted a profit from operations of 33 cents a share in the first quarter, two cents ahead of the Wall Street estimate and up 34 percent over the year ago period. Shares fell 3.6 percent, mirroring declines in the drug sector.
Select consumer stocks also declined, with the dour tone triggered by an earnings miss from Gillette (G) due to sagging sales and adverse foreign exchange effects. See full story. Gillette lost 8.6 percent, Kimberly-Clark 1.8 percent and Dial 3.2 percent.
Treasury focus
Government prices were mixed in light of the Fed's move. Only short-dated issues gained traction on the rate cut while long-dated securities languished at lower levels.
The 10-year Treasury note was off 1/4 to yield (US) 5.265 percent while the 30-year government bond slumped 1/8 to yield (US) 5.67 percent. See Bond Report.
In economic news, the February trade gap narrowed to $26.99 billion vs. expectations of a $32.7 billion deficit. It was the narrowest level in 14 months. See full story.
And leading economic indicators fell 0.3 percent in February vs. a projected 0.2 percent increase. Thursday will see the release of weekly initial claims and the Philly Fed Index for April. View Economic Preview and economic calendar and forecasts.
In the currency space, dollar/yen slumped 0.7 percent to 122.39 while euro/dollar rose 0.5 percent to 0.8877.
Julie Rannazzisi is markets editor for CBS.MarketWatch.com in New York.
NYC ..HA! listen to CNBC prepare the sheeple for the next crash. Three fund managers have just come out and told everybody that this downtrend is not over. The sentiment is still shaky. The fed is still going to have to cut interest rates to keep us a float. Bad earnings for next three quarters the market hasn't accounted for just how bad things really are..The heavy hitters in the hedge funds are coming out shorting stocks and complaining about what dickspan is doing to the markets.
Funny
Any guesses on where we are heading next week?
Coca-Cola Reports Positive Results
NEW YORK, Apr 18, 2001 (Xinhua via COMTEX) -- The Coca-Cola Company reported
Wednesday that its first-quarter earnings per share were 35 cents, compared with
a loss of 2 cents a year ago, and its worldwide sales rose 4 percent, driven by
6 percent international growth.
Its net income during the first quarter was 863 million dollars, while it lost
58 million dollars in the same period of last year. Its net operating revenues
grew to 4.479 billion dollars from 4.256 billion dollars in the three months of
2000, the company said in a news release.
Taking into account its first-quarter volume performance in key markets and a
slightly more conservative outlook due to economic indicators, the company
expects unit case volume growth of 5 to 6 percent and earnings per share growth
of 11 to 12 percent in the current year.
"We are confident that in the future we will be able to consistently achieve
growth of volume and earnings," said Douglas N. Daft, chairman and chief
executive officer of the company.
For 2002, the soft drink manufacturer anticipates that volume and earnings per
share will grow in accordance with long-term objectives from a base earnings per
share amount that excludes the previously announced 2001 incremental marketing
activities.
Copyright 2001 XINHUA NEWS AGENCY
VIV! My muy bonita Senorita...Welcome to the parking lot ;O)
Wait it gets better. Too bad Matt pulled my posts. Maybe Matt could mail them to you.
I think they are wiping their bloody noses right now.
Imagine paying for a website privilege when there are several hundred out there for free. Mental giants they must be.
OBG I am writing you a private message
AHAHAHHHHAAAAAAAA at x4..
"for the latest edition of attackfest 2001"
Coming from Mr I'm going to beat you up..lololol
still trying to get all your buddies to gang up and sue poor old Matt? I haven’t laughed this hard in a while. You two are really turning the day around for me.
Drinking before 4 pm huh. Or are you one of these east coast martini by lunchtime so I can manage another day in my cubicle types.
You must be one of those fellers with a JOB...
I quit mine two years ago.
Have a good day.
Hi my name is Paule...
and I'm options challenged. Care to make a donation?
Sometimes when I post a message to a specific thread it takes me to my mail page instead of the thread I was posting on. I think it's just a glitch that they will be working on.
BTW if you have nothing better to do, come to the parking lot. I have been kicking the crap out of this X4 feller who wants to fly me to his state and fistfight. For reals even. MATT has been keeping me toned down but loves the thrashing I’m doling out. NYC is starting to get into the mix. This might get good.
I need to fight today My puts just moved two spaces further out of the money and I didn’t straddle the position.
LOFLMAO Damn it I wish I thought of that one.AHAHHaha
It seems that I'm too much for the parking lot. I guess when you're the biggest meanest mamajamma on the block it should come as no surprise. Oh well.
Who’s the Man? I say what? Who’s house? Ron’s House… I say Who's house? Ron's house! Martin …Martin… Martin …Lawrence
OBG scroll all the way down to the bottom right of the screen and it will tell you who you are currently logged in as.
I don't think it's right picking on the foaming. Here is a handy wipe before they come give you a rabies shot.
Sure is their any hunting there.What are the prices for out of state licences? See after I get done with the lightwork in kicking your keister, I'll have to find a way to spend the time before the return flight home.
Or better yet I could stand around picking my butt likeb looking into space like the rest of the natives.
Are you ok buddy.That little red vein is popping out your forehead like a Young mans wedding... pops out his shorts.
Oh and Keith..Looks like Matt just censored my ass as well.
Oh..Oh I can feel it, yes I can.. I'm I'm going to cry and go get a lawyer and all my si buddies to help me sue him BOOOHHOHOHOHhohohohoho
OK Keith I started with the vulgar... who started with the sexual part buddy??? Yeah I thought so.
BTW MAtt chewed me out in private so you can mend the hurt spot between your ...ears
You just changed that didn't you?
When I first found the parking lot I thought a good move on your behalf for creating it.Purging that behavior here should help keep it off the other threads.
However if you're telling us we can fight, but only like a couple of girlymen than what a wasted concept. jmo