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Genesis
Posts: 71432
Incept: 2007-06-26
A True American Patriot!
KD^2
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http://market-ticker.org/archives/1340-L....

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-08-17 08:57:19
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Deepsee100
Posts: 697
Incept: 2008-02-05
Paris
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So what's the deal with the empire manuf. index????

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Other countries have their history. Brazil has football.
2009-08-17 09:01:23
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Wontbackdown
Posts: 2163
Incept: 2007-09-20
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Great Ticker Gen..

I have put this sell-off to the following reasons.

1) Chinese sold off on bad Consumer Confidence numbers

2) Colonial Bank failure.

3) Japanese GDP numebrs worse than expected..

Is their anything that I am missing..

thanks again

2009-08-17 09:02:16
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Asimov
Posts: 26716
Incept: 2007-08-26

east tennessee
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"That's That's Shanghai, and it topped on 8/4!"

Just trying to help.

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It's justifiably immoral to try to deal in a moral fashion with an immoral entity.

If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.
2009-08-17 09:06:57
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Glock36
Posts: 327
Incept: 2009-06-03
Banned
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Quote:
But there is a tremendous difference between speculation and investing...


Yes! It has been defined by CNBS, on many occasions.

Investor: A genius who buys, buys, buys stocks

Speculator: An idiot who buys commodities

See how simple it is to determine the difference?

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Black Helicopters Are Like ****roaches, You Never Find Just One
Glock36's Law: Murphy Was An Optimist
When You Find Yourself In A Hole, Don't Look Out Until You Identify The Type, As It Could Be A Foxhole
The Greatest Enemy Of Knowledge Is Not Ignorance, But The Illusion Of Knowledge - Dr. Hawking
2009-08-17 09:25:37
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A4583901z
Posts: 19
Incept: 2009-08-05
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Great Ticker Gen. With all the BS that's driven this up there is no way I'd carry any position over the weekend and not trade more then 10 to 20 % of my portfolio.

It's almost like reading the Onion.

And the reason for the sell off...

ap
Stock futures point to plunge on Wall Street

US stock futures plunge on concerns of consumer spending; overseas markets also slide

http://finance.yahoo.com/news/Stock-futu....

All of a sudden this matters when it's been pretty apparent everything sucks based on the numbers coming in ?? UFB...

Bubbles and Crashes.....that's what this moral hazard market has become.

I'll bet Cramer says he told everyone to sell tonight and the Lost Money crew will all say they were short after they told everyone to buy.

2009-08-17 09:27:17
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Truesincerity
Posts: 590
Incept: 2008-03-07
Virginia
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Wonder how the market will end by end of day, that is when the mystery really enters the market from about 3:45 to 4pm.

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Do not answer a fool according to his folly, or you will be like him yourself.
2009-08-17 09:46:20
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Baja
Posts: 77
Incept: 2009-06-03
Outback Texas
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The Wile E. Coyote picture is perfect. I have been telling my friends for weeks, nay months, that what they were calling green shoots was merely "the ledge." Those of us who grew up with the Road Runner know what whenever Mr. Coyote falls off of a cliff, he lands on a ledge. Then he breathes a sigh of relief (Beaker, Cudlow, Cramer) before he hears a cracking sound and the realization suddenly dawns on him that he is not on terra firma.

The moral of the story is that the plunge off of the ledge was always worse than the plunge to the ledge.

Oh oh.

2009-08-17 09:46:44
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Karlmarxghost
Posts: 2641
Incept: 2009-01-26

Stealing Your Property
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Karl made some money today he will be in a better mood

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My views are my view and mine alone. Karl or ticker forum does not endorse or necessarily agree with my views. DO not trade on my views or take them personally.
2009-08-17 09:48:36
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Genesis
Posts: 71432
Incept: 2007-06-26
A True American Patriot!
KD^2
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Uh, just a few sheckels....

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-08-17 09:51:33
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Chowhound155
Posts: 17
Incept: 2009-08-14
West Lafayette, IN
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What I find most frightening about this remains the possible implications on long-term investor confidence. This past weekend while discussing certain Ticker-Related topics with coworkers, one asked me what he should do with his money - where to invest (a ubiquitous question). I sorta stopped for the moment, and then went on: "You and I don't have the know-with-all to participate in the market as it sits right now. We don't have the time, nor the interest, to participate appropriately and be as 'hands-on' to protect our investments. In short, my advice is 'don't' be investing. The people who are making money right now are those who are trading the market through its ups and downs - playing off of the moment - and you can't afford to do that."

Truth be told, this is an entirely frightening concept for most 'normal' people, as its a blatant realization of being completely out of their league.

I, through a rather interesting series of events, sat down with a hodge-podge set of people at a major-big-box retailer back in March. The conversation eventually led to mild discussion of the market - things were 'dicey' at the time, as you may remember. A few of the men of the group were retirees who had had their portfolios pretty much ****d, and were looking to supplement their retirement with some additional income. As the conversation deepened, I was naturally reserved, but when prodded, said simply: "I'm completely out as of December of '08." This raised eyebrows, to which I continued: "Investing is not perfect. I wouldn't be investing anything you can't afford to lose."

Unfortunately, too many people think its painfully simple, and that they can get in easy with an investment into this or that and get rich quick. The media knows this - the companies know this, and they are counting on continued 'audience' participation. This current inflated market that we've been riding for the last 'x' month(s) is poppy****, in my eyes. But this is nothing new to any of you!

Simply put - this is a professional investor / speculator market. The 'audience', myself included, need to sit this one out, or else we're going to get fleeced repeatedly, instead of just once/twice/thrice by the Government.

Last modified: 2009-08-17 09:59:02 by chowhound155
Reason: Grammaaaarrrrrrr

2009-08-17 09:58:00
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Markytom
Posts: 217
Incept: 2009-02-19
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Where is the analysis on the global markets?

What gets me is how the MSM can't even report on a macro-level of what is going on in other countries and they don't even have to work hard to get it - there are sites with tons of info such as:

http://globaleconomydoesmatter.blogspot.....

The guy has links to all the statistics sites for all the major countries and he provides decent analysis himself.

Want more analysis than Karl gave us on why Germany's GDP numbers are crappy? Look here:
http://globaleconomydoesmatter.blogspot.....

What's up with Japan? Look here:
http://japanjapan.blogspot.com/2009/07/j....

How about Russia?
http://russiatooat.blogspot.com/2009/06/....

How hard can it be for the MSM to at least read some of this stuff - and if they did you would never have heard anything about green shoots. There just aren't any world-wide. The graphs are all quite sobering.

2009-08-17 10:01:24
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Frat
Posts: 150
Incept: 2009-07-15
NKY
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Wow, I love reading the Ticker THEN looking at what the markets are doing; it gives me a nice smile. I'm just wondering if GS and those in .gov funding them will let it crash? We already know they can "manipulate" the market to do what they want.... so when does even THAT power become powerless to stop the crash?

2009-08-17 10:02:14
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Chowhound155
Posts: 17
Incept: 2009-08-14
West Lafayette, IN
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I've enjoyed some of Fareed Zakaria's articles before, but this one sorta misses the mark for me...

http://www.washingtonpost.com/wp-dyn/con....

Wish for a crisis? Are you freaking kidding me? How many do we need to have for them to get it right?

(Sorry if somewhat Off-Topic, but I was just linked to it... In other news, I'm listening to Boy George's 'I'll Tumble For You' as appropriate theme music for this morning's activity thus far...



Last modified: 2009-08-17 10:13:52 by chowhound155

2009-08-17 10:12:36
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Schwantz
Posts: 5077
Incept: 2007-11-12

Monkey Do
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I've been saying the following for over a year now:

"The stock market is no place for investors"

People will slowly but surely understand what this means. The lies are killing the market. Period.

Quote:
What gets me is how the MSM can't even report on a macro-level of what is going on in other countries


It shouldn't be called MSM it should be called MSE (mainstream entertainment) or even OM (opium of the masses)

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Dives sum, si non reddo eis quibus debeo
Smash the Keynesian idiocracy!

Last modified: 2009-08-17 10:17:46 by schwantz

2009-08-17 10:15:27
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A4583901z
Posts: 19
Incept: 2009-08-05
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Frat, the government funding programs are being used just to keep this pig open . They yank liquidity and we'd waterfall and even with it, it's just delaying another implosion. They have made the markets "moral hazard" dependent. It's been getting worse and worse since 87.

They extended TALF today...why if everything was so wonderful ?

2009-08-17 10:17:03
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Wineaux
Posts: 131
Incept: 2009-03-23
A True American Patriot!
pure Liquid pleasure
Online
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Markytom – Wishful thinking there about global analysis of anything by the MSM. They will continue relentlessly to urinate in the ears of Americans. These are the same people who believe that everyone else rotates around America much like those who believe that the sun revolves around the earth.

A perfect example of this is ABC World News with Charles Gibson. About 3 minutes is dedicated to talk about events outside the US.

If you really want global perspective and analysis, stick with the internet or throw up a satellite dish and subscribe to a foreign package.

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What wine goes with unemployment?
2009-08-17 10:26:17
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Seven8n2
Posts: 425
Incept: 2008-04-20

SW Virginia, USA
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I think it was last Thursday's video that Karl sounded so incredibly discouraged after that afternoon ramp-job. (go back and listen to it again) I don't think I've ever hear him in so gloomy a mood about trying to make sense of the market. Now, it looks like THAT was our indicator to go short!

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" polish a turd; it's still a turd..." -Peanut (the Woozle)
2009-08-17 10:28:04
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Hihoherewego
Posts: 595
Incept: 2009-02-25
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More amusement?.......

http://www.bloomberg.com/apps/news?pid=2....

...........

Nolite Bastarde Carborundum!

2009-08-17 15:18:52
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Pondmaster
Posts: 65
Incept: 2009-06-30
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TALF extended today - yes indeed - here is the lie line , or is it byline ? I'm so confused

Forbes
Fed Extends TALF
Carl Gutierrez, 08.17.09, 03:10 PM EDT
The financial markets are improving, but consumer lenders will get more help.

Policymakers know the economy's improving, nonetheless they want to extend the Federal Reserve's consumer lending program through the first quarter of 2010. The call comes as the Fed's most recent survey of loan officers found that bank lending is expected to be tight through the first half of 2010.


yippe!! more green shoots - think I'll roll up a fat one .

2009-08-17 15:58:23
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Zenthunder
Posts: 4684
Incept: 2007-10-11
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oh damn - I havent looked at the SSE for a bit...

2009-08-17 16:17:19
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Thetanman
Posts: 42
Incept: 2009-08-03
loachapoka al
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This is a start: a few months, or even weeks ago, a ticker like this would have many pages of replies. Less people opposing the rally, or even caring, at least means some of the short rocket fuel is gone. Most people are out of the mode of shorting and repeatedly covering for a loss. A ticker on the Empire Manf Index would be most interesting.

2009-08-18 08:04:22
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Hihoherewego
Posts: 595
Incept: 2009-02-25
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Interesting perspectives from 'across the pond'.

http://www.telegraph.co.uk/finance/marke....

...........

I think I might be schizophrenic but my other half tells me not to worry about it.

2009-08-18 23:57:37
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Kylafoon
Posts: 719
Incept: 2009-02-05

Zombie Portal Lookout
Online
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Quote:
"The elephant in the room is the spiralling public debt as private losses are shifted on to the taxpayer, especially in Britain and America. "Ask yourself this: who bails out Government after they have bailed out everyone?"

Mr Janjuah said governments might put off the day of reckoning into the middle of next year if they resort to another shot of stimulus, but that would store yet further problems. "If what I fear plays out then I will have to concede that the lunatics who ran the asylum pretty much into the ground last year are back in control."


There's your money quote. And, I for one, believe that the lunatics are still
in firm control of this market.

Praise the Lord and pass the ammo....

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"...But whenever we see things done wildly, but taken tamely, then the State is growing insane..." - Gilbert Keith Chesterton 1910



2009-08-19 00:15:38
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