Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: MythMan who wrote (261394)	9/22/2003 4:13:30 PM
From: Bid Buster	Read Replies (2) \| Respond to of 436258

one mans trouble is another mans fun -g- you read where he's long C? ho ho ho

To: MythMan who wrote (261394)	9/22/2003 7:14:08 PM
From: mishedlo	Read Replies (2) \| Respond to of 436258

It's Different This Time! Guaranteed Honest. I have proof.... U.S. financial assets fell today as the dollar, stocks and bonds lost ground. The sell-off in general was blamed on the sell-off in the dollar in particular. Banter from finance ministers at a meeting in Dubai took the dollar lower. Here's an example of their cocktail party chatter: "We emphasize that more flexibility in exchange rates is desirable for major countries or economic areas to promote smooth and widespread adjustments in the international financial system, based on market mechanisms." "snip" Currency folks figure that the words from Dubai indicate that Japan will let up on the heavy intervention, leaving the potential for the yen to move higher. The Dow finished down triple digits for a 1.1% loss while the Nasdaq fell 1.6% and the S&P 500 and Russell 2000 fell 1.3%. "snip" Gold futures closed up $5.40 to $388.30, taking the Gold Bug Index up 1.7% to almost 208, a new closing high for the move. "snip" Even Wal-Mart couldn't fight the trend despite reporting that it looks as if same-store-sales will come in at the high end of a 3-5% expected growth range. That's despite the imposition on buyers by Hurricane Isabel. "snip" A nifty article in today's Wall Street Journal provides some fine anecdotes along with hard evidence that investors are giddy over stocks. Part of the problem is that investors never got all that bearish, despite the pounding in techland. The WSJ quotes findings by Ned Davis research that stocks typically account for 26% of household financial assets. But this measure never fell below 29% following the 2000 peak. Famous long-term investor Jeremy Siegel argues that things are different today and that investors won't drop stocks like a stale Krispy Kreme. As a consequence, PEs won't reach the lows of previous bear markets. We'll see. Read the rest here: prudentbear.com ========================================================== Bought second Bear Put spread on Spoos today In the first one at 1015. Oddly enough the first one did not go more than $200 against me. In spite of a 25 point up spoos move. Straight up put I would have been down $1000. We will see but with Patron, Luc, and everyone including almost you playing the upside for another 150, the top is likely in or close. This board is THE last to get long, every rally. Bought two silver bull spreads today as well. Wish me luck. M