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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (209101)	12/11/2002 9:33:20 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 436258

Looks like Mark-to-Market also used the "uncommon value" of MBI printing 46 as a selling opportunity. "Donaldson Duck"? ROTFLMAO! capitalstool.com But no rally can really start without the usual Invisible Hand stepping up to buy some futures, as the Color Commentator so accurately predicted: “Al Green is back daytrading today, good spiking in the futures to insure that people learn to love the Matrix, learn to love the FOMC, learn that the day after the Soviet Committee meets and issues its edicts that it enjoys goosing the Market artificially.” “Almost immediate gap filling after the open is the consequence as if a mega boobed hooker were dropped down into the post game shower room of the Dallas Cowboys. Interventionism is alive and well today. Al has booked maybe a few million in daytrading profits 40 minutes out of the open. Should ease the seasonal pain of having to Christmas shop for Andrea, 'the girl who has everything'. “Was reassured to note the appointment of Pigmen Donaldson Duck to oversee the SEC. A man fully experienced in the ways of market manipulation is a logical and predictable choice to guard the coop. Now with a moron hovering over the nuclear go button, an international war criminal heading up the investigation of 9/11, a former member of the Phoenix Hit project in Vietnam running Homeland 'Security', and a convicted criminal from Iran Contra reviewing all our mail we can be comforted to know that things are now in good hands back in Washington.” “Reality is mimicking fiction as Amerikanna sinks at least 3 more new chapters into Orwell's classic, "1984". As we have doumented here repeatedly, the U.S. is the epicenter of speculation fueled by a virtuous Circle Jerk. The Circle Jerk has put Al Green and his Matrix in a box with no way out. According to Marshal Auerbach: “The country is now reaping the horrible consequences of Robert Rubin’s strong dollar policy, unthinkingly upheld by successive Treasury Secretaries as America’s trade imbalances piled up. The US has become hooked on short term global speculative capital that has gone on for too long and that has gone too far. There may be no way out.” Mark’s Translation: The Speculators, the HedgeHogs, and Da Boyz have been gaming the system for too long. With repeated short squeezing, multiple hedges, multiple option strategies, multiple layers of promises, and massive use of leverage piled up, the Global Speculative Sphere is now addicted to fast action and quick money. There may be no way out. ……….. “A sustained high exchange rate may lower earnings relative to unrealistic expectations and imperil stocks. America’s sustained courting of short run global speculative capital at the expense of almost all else has placed the US economy in a box: a sustained high exchange rate appears to have hurt too much and for too long, eroding the current account, profits, and ultimately stock and bond prices,” Mark’s Translation: Jamming the U.S. dollar every time it breaks to new lows will only make things more difficult for our exporters who are hoping for a v-shaped recovery in earnings ………… “A move to lower the exchange rate may pull the support of large cumulative speculative global capital flows. A declining exchange rate may cause withdrawal of critical mobile global capital flows, which in turn may also undermine the US capital markets, as well as complicating recently proclaimed Fed pledges to avert deflation by all means possible – conventional or otherwise.” Mark’s Translation: Letting the dollar tank may help our exporters, but the Global Speculative Sphere may see its free gambling chips suddenly disappear off the Keno tables, which in turn will undermine the amount of gaming capital, which in turn may complicate Al Green’s effort to control the Program Robot activity necessary to levitate the dollar, stocks, and permanently peg the low interest rates. …………. “In the end, relative prices will matter. Too rich an exchange rate will erode profits of US multinationals. Too rich a stock market valuation will create unusual market vulnerability. Too high an exchange rate will create current account deficits that may more than offset short term capital inflows, which will in turn risk a sustained retracement of the dollar and a massive withdrawal of short term speculative international capital.” Mark’s Translation: In the end, the house will eventually swamp the Riverboaters. The entire Global Speculative Arena addicted to fast action while ignoring the earth crumbling underneath will eventually succumb to Multilevel Marketing Pyramid dynamics. In reverse. ……………………….. Position Summary: Doubled position on MBI at $46. Avg. now $50. Doubled position on NCEN at $22. Avg. now $26 We are 52% short, 12% long, 27% cash. Half Short: LOW at $42 KSS at $66 INTU at $53 C at $38 IBM at $85 TGT at $34 MBI at $50 NCEN at $26 Quarter Short: FRE at $68 CFC at $49 KBH at $49 LEN at $56 TOL at $27 BBBY at $35 COCO at $40 INTC at $18 DELL at $28 ORCL at $11 CSCO at $14 Half Long: BGO at $1.31 HL at $4.10 PAAS at $5 DROOY at $3.35 GG at $10 GLG at $9