Cknolls

Wonder if this will run on the front page of the Washington Post tomorrow?......Oh wait its a democrat..so I guess we know the answer. http://www.weeklystandard.com/weblogs/TWSF..._no_special.asp And this is only 10 years old.

QUOTE (Athomeboy_2000 @ Sep 8, 2009 -> 10:30 AM) With all the ruckus about Obama's "indoctrination" speech today, I saw a headline on TPM that got my attention: "Rep. Charles Boustany (R-LA) To Rebut Obama's Speech" My first thought was, "really, they need to rebut a stay in school" speech. Then I clicked the link and saw it was in regards to Obama's speech TOMORROW about health care reform. Interestingly enough, the most well known Louisianian politician ("Chocolate New Orleans" Nagin not with standing), Gov. Bobby Jindal, will not be rebutting after his poor speech after Obama's last address to the join houses. Boustany is a heart surgeon.

http://thehill.com/homenews/senate/57493-s...iling-above-12t Do as I say not as I do.

And wingnut Jones resigns in a letter dated Sept. 5th and released near midnight on the 6th. SHHHHH maybe no one will notice Van the Man is not here anymore. But the Times and the Post are on the beat, with the WAPO running their first story on this guy. Oh and its all the right wing's fault. Gee I wonder why nobody reads newspapers anymore.

http://www.washingtonexaminer.com/opinion/...y-57271402.html What bias? WAPO spends all week trying to destroy McDonnell in Va. but they fail to cover this lunatic in the White House. An oversight, i'm sure. He signs a 9/11 truther petition, and the White says he didn't read it carefully. No, he only went to Yale. Dare I ask......na.....

The difference is that Reagan's speech came in November 1988 after the election. A little bit different context.

http://thecaucus.blogs.nytimes.com/2009/09...ice-stevens/?hp

QUOTE (NorthSideSox72 @ Aug 31, 2009 -> 02:32 PM) How is this any different than the scrutiny we see of every candidate, usually more so as they move up in importance? Seems to me it happens all over. Except if you are the current president.

QUOTE (StrangeSox @ Aug 31, 2009 -> 01:58 PM) Those views are pretty embarrassing. My point is not his views, it is about a liberal press running a story that is 20 years old to try to propel a Democrat to victory. This guy has been in office for 18 years, and this has never come up, but now it is a story.

http://www.washingtonpost.com/wp-dyn/conte...ST2009082902758 This is front page news. And already it has been running in a loop on MSNBC....Republican candidate is ahead,,,let's dig up something to try to embarass him.. Black Dem running for President.....no need to see his transcripts, schools records, law review articles.... What media bias??

QUOTE (StrangeSox @ Aug 31, 2009 -> 01:21 PM) Your evidence that it can mean whatever we want it to mean relies on not actually reading and understanding the bill. I can't understand all legal writings, but the sections of this bill are somewhat straight-forward. You won't find guaranteed coverage for illegals. You won't find death panels. You won't find most of the ridiculous s*** being said about it. No amount of subjective interpretation can actually put those provisions into the bill. You won't find deficit neutrality.

QUOTE (StrangeSox @ Aug 30, 2009 -> 08:35 PM) Please indicate for me where in that article it supports your contention that they're guaranteed health care insurance. eta: but, yeah, out of typical character, you've been falling for the GOP BS talking points hook-line-and-sinker on this one. You've made a lot of dubious or flat-out wrong statements. Kind of like our President, huh? Sorry, Kap didn't mean to compare you to our Savior.

QUOTE (NorthSideSox72 @ Aug 28, 2009 -> 11:48 AM) "out of the question" is something no one should ever say when projecting a market. Its asking for trouble, and makes me question this source. Your predictions tend to be dire on this board, usually well outside what most others predict, and this is no exception. Dow 5000? Deflation? I find these to be incredibly unliklely scenarios based on all the economic data out there, as well as market history. Well I did say the mkt would go to 660 SPX and it only went to 666, so I guess i was wrong, sorry.

QUOTE (Cknolls @ Aug 28, 2009 -> 11:19 AM) Taking out yesterday's lows should give us 1008 today. I should also add closing below yesterday's lows on a Friday close will make me add to my shorts. If anyone was around in 1987 remember how cheap calls were. No one could figure out why they were so cheap when stocks looked SO good and weren't going down. Well calls are cheap now and no one can figure out why when stocks look SO good and they aren't going down.

Another thing to keep in mind : redemption notices have to be in by next week for customers of hedge/mutual funds. So the heavy tape today could be sales lining up into next week. Methinks people will ring the register with some nice profits in the second quarter and see what the third brings.

Taking out yesterday's lows should give us 1008 today.

QUOTE (jasonxctf @ Aug 28, 2009 -> 10:51 AM) U.S. double-dip recession "out of the question": ECRI On Friday August 28, 2009, 10:30 am EDT NEW YORK (Reuters) - A weekly measure of future U.S. economic growth slipped in the latest week, though its yearly growth rate surged to a 38-year high that suggests chances of a double-dip recession are slim. The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index for the week to August 21 fell to 124.4 from a downwardly revised 124.9 the prior week, which was originally reported at 125.0. But the index's annualized growth rate soared to a 38-year high of 19.6 percent from a downwardly revised 17.4 percent the prior week, a number which was originally 17.5 percent. It was the WLI's highest yearly growth rate reading since the week to May 28, 1971, when it stood at 20.5 percent. "With WLI growth continuing to surge through late summer, a double dip back into recession in the fourth quarter is simply out of the question," said ECRI Managing Director Lakshman Achuthan, reinstating the group's recent warning to ignore negative analyst projections. He added that the index was pulled down this week due to higher interest rates. Achuthan has recently projected that the recovery is moving at a stronger pace than any the United States has seen since the early 1980s. How about a double dip happening next year? Sounds like CYA. He can say, "Well I said it wouldn't happen in the 4th qtr, not 2010."

QUOTE (NorthSideSox72 @ Aug 28, 2009 -> 09:55 AM) 1. "other less biased media outlets"? Than WSJ and Crain's? WTF? 2. The housing market has all the signs of a dead cat, because it has all the signs of hitting a floor. That's why everything we're seeing now is positive. There will probably be one more dip, or a leveling, into early next year, as the tax incentives wear off, but that's expected and not a bad thing at all. The only two things that are really worriesome for the next year or two in housing are increased unemployment (which we'll probably see at least a little bit of), and the looming inflation issue's effects on mortgage rates. And those are definitely big. But I think the overall strength is building - and we'd likely see a slow, choppy rise over the next few years. Downticks as rates go up and employment goes down, upticks when employment goes up again. 3. As for history bearing you out about unemployment, that is only partially true. Its always the laggard. Economic growth needs people to have jobs, but typically the growth starts around when unemployment tops, not after. Then they move in concert. That's why the market has priced in some spiky growth next 2 quarters, but sustained, more predictable growth next year. Inflation is the scary monster next year, IMO. That is the biggest X factor in how quickly we recover, or if we dip deeply again, in 2010. Even scarier is DEFLATION.

QUOTE (NorthSideSox72 @ Aug 28, 2009 -> 07:37 AM) One thing to bear in mind when comparing now to before, is that in more modern times, at increasing levels over time, the markets price-in future events faster and more fully. The market has jumped further ahead of the economic event curve. This run-up is in anticipation of their most favored likely scenario - that we are leveling, and probably looking at a slow growth beginning this winter and into next year, with employment leveling and getting better sometime first half of next year. Keep in mind also, that the drop in late 2008 was massive, even in some ways dwarfing the biggest long-term drops ever. People took their money out. Now, per an article I just read (WSJ or Crains, I can't remember which), people are getting back into contributing heavier in 401k's and IRA's again. That institutional bump is also probably a factor here. The mkt has a memory and OFTEN REPEATS. Overlay the recent daily charts with 29-30 37-38 etc. and it gives you an idea as to where we can go from here. Speculation is observation..It is not the news itself that moves mkts, its the reaction to the news. Sometimes you do not need a news event at all. The mkt will roll over on its own weight. Right now I would be looking to outright short the mkt near 1044.73 to be exact, in the SPX cash. Use 1120 as a stop. Mkts have a tendency to revert back to where they started, and if that is the case with this one we have a ways to go before we hit the bottom. Like a little more than 50% from here. Over500 SPX points. That is a little over 5000 dow points. Not saying it will happen now, but it could happen in the next 12-24 months.

QUOTE (Y2HH @ Aug 27, 2009 -> 05:34 PM) I've done very well in the market overall (I've been investing just under 10 years), but since the start of this year, I'm up 26.03%. I'm a boring investor, though. I use a modified buy/hold and sell on big gains system, where I buy something and hold it, if it ever goes up enough, I'll sell just enough shares to get my initial money back out of it an diversify that money elsewhere. If it doesn't go up enough, I'll just hold it. I never sell out an entire position, either. Fundamentals mean everything to me, as I own very few stocks that do not pay dividends, and the ones that do I need to see that their dividend is sustainable. I also do not like investing in companies that carry too much debt/do not have the cash/cash flow to pay it off. So the financials are out.

QUOTE (StrangeSox @ Aug 27, 2009 -> 12:48 PM) Is it as hilariously inept as their budget proposal? Where's that section mandating government health care insurance? I'm sure they would be within 2 trillion dollars of estimates.

http://www.thenewsstar.com/article/2009082...ATES01/90826020 http://www.helenair.com/news/state-and-reg...1cc4c03286.html One no and one possibly no. At this rate, Schumer will not even get reconciliation through.

QUOTE (jasonxctf @ Aug 26, 2009 -> 03:22 PM) are you hoping for poor economic news? All I believe is it is different this time. This bubble is unlike any other we have experienced. It will take much longer to recover from and the economy will not return to where it once stood. We are really in the second year of de-leveraging, and I believe we have 3-5 years more to go. I think it is laughable to talk about a housing recovery. With foreclosure at a record and climbing, particularly among PRIME loans now, and more arms(5/1) re-setting next year, we will see another wave of capital raising by the banks and foreclosures by borrowers. Foreclosures= lower prices & increased sahdow inventories. Risk is high! That is all I'm trying to say. Be cautious. I do not believe the lows are in yet.

QUOTE (southsider2k5 @ Aug 26, 2009 -> 10:50 AM) Again, another sign that we are going to see a double dip in this recession.

Absolutely! The gov't SHOULD run healthcare. http://www.bostonherald.com/news/regional/...ticleid=1193194 What a joke!! Man I can see the deficits disappearing already.