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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (6810)	2/4/2000 8:38:00 AM
From: MythMan	Respond to of 42523

it deserves to be down and that post was a classic..

To: Cynic 2005 who wrote (6810)	2/4/2000 8:41:00 AM
From: MythMan	Respond to of 42523

A new link for Clowns -g- >>Feb 3 Rumors And Rallies 4:45pm Is There something fishy going on in the bond market? Rumors Rumors circulated again today that dealer troubles are inflicting the mayhem in the Treasury markets. The New York Fed denied it was meeting with crushed dealers and the news passed but talk of hedge fund chaos remains. The long bond yield bottomed out at 6.05% today before closing at 6.15% (up 1 25/32). The government announcement of fewer issues of 30 year bonds and global interest rates rising peaked demand for bonds today in what was an embroiled session. Speculation over severe losses make sense when you look at the yields on the different years and notes. Check your Quija board to see what may happen tomorrow. -- Rumors also circulated that the January pay-roll data was leaked ahead of its official release tomorrow; the bureau of labor statistics denied any wrongdoing took place. The crucial data which may display a lower unemployment rate (4%) and a rise in wage pressures is due out tomorrow morning. Rallies Stocks didn't have many rumors circulating today, just a plentiful amount of bull. The Nasdaq topped 1.7 Billion shares traded and gained 136 points and the Dow beat 1.1 Billion tacking on 10 points. Nasdaq A good barometer for psychology was the action in Amazon.com after it reported horrible earnings results yesterday; investors didn't mind the results since the words afterwards were bullish, the stock gained over 20% today on over 40 million shares traded. At this pace Amazon would trade its entire float in less that 4 days and all of its outstanding share in just over a week! About the outstanding shares total; it will be rising in the near term since Amazon needs cash and will want to take advantage of an inflated price. Without the bull market over the last 2 years (investments, alliances, and offerings fueling corporate operations) Amazon would not be worried so much about turning a profit but about staying a viable entity. They look strong if the stock goes over $100 though, getting free cash is better than having to arrange credit with rising rates. Would you lend Amazon.com money? Dow The Dow was down over 150 points at 12:30 pm today but rebounded to recaptured the important 11,000 mark. The leaders on the Dow were GE, JPM and everything Tech related (IBM, HWP, MSFT, INTC). Three of the strongest stocks all had something in common; volume. In fact, the lowest amount of days needed to rollover a companies float was the statistic which made sense today. (6 month volume average) As of Feb 1 (Days needed to average trading float) MSFT: 102 INTC: 125 IBM: 117 -- GE by contrast which rose more than $5 a share averages 525 days to trade its float (highest for a Dow component); it must have been the "value" play today. -- The overall average on the Dow is less than a year at 264. Liquidity is king folks. The Nasdaq now has an aura of optimism surrounding it and it will be up to tomorrows jobs report or a pending announcement of severe bond market losses which stops it in the short term. I forget the total but it is in the trillions the amount of derivatives American banks hold on interest rates. Does anyone else remember the fed saying OTC derivatives trading does not need to be regulated? In the coming days and weeks the losses which many speculate are over $1 billion could surface but if the fed has their way they will obviously remain hidden. As the speculation continues to look for new playgrounds, the CBOE is becoming a favorite destination. It announced some records yesterday. -- Dec factory orders up 3.3% versus 2.4% expected, largest gain in 7 years.<< fallstreet.com