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To: Mannie who wrote (11538)4/8/2004 3:58:17 PM
From: SOROS  Respond to of 110194
 
RealCrapCommentary from TheHookerontheStreet.com

We're Still Hiding the Bad News
Thursday April 8, 3:28 pm ET

By Jimmy J. Cracker, RealityItAint Columnist

It's one-on-one. For every good piece of news Greenspasm and company manufacture and we spin, this economy comes out with a sneaky, but true piece of bad news that makes you want to pay less for the garbage we keep trying to sell you. I know it seems simplistic, but when you consider that most of the sheep who watch our program are brain-dead followers ruled by greed, most of the companies we tout have manufactured earnings ala cooked books or no earnings at all, everyone is up to their eyeballs in debt, the two-party system is being run as an asylum, and the world all hates us, and when you think about how easy it is to destroy lives with the lies and stories we can tell on TV, you have to bet that we can't advance very far without a few of the sheep finally getting hit in the head with reality and finally selling some of the made-up paper garbage we call the stock market and insiders call free food for the mass of morons, or "more cars, sex, and vacations for me."

Today's a day where the idiots should be buying. We have both General Eclectic and Wal-Mother saying the right things. We have plenty of situations where we can make up all kinds of crap relating things from GE to other totally-unrelated crap companies so that they should be flying. Certainly more than funeral homes, gambling stocks, home builders, food companies, toy manufacturers, diaper stores, wigs for veterans with more than one father, and laxative companies should be up on Yoohoo's results. But this news backdrop is simply awful. Reality is a b$#ch! I just love lying and untruth. We make so much more money on all you sheep that way. I can tell that things are bad for the market when every TV is on Condy Rice's ass and not on the market. I can tell we're in a situation where the fabricated good news doesn't mean jack. But give congress, the whitehouse, the corporations, the financial news sources, and our daddy Greenspasm time, and we will screw you all.



To: Mannie who wrote (11538)4/8/2004 4:36:28 PM
From: gregor_us  Respond to of 110194
 
This is Why I Sold My Oil. Everyone Agrees that Iraq

is very dangerous to the market, gasoline is tight and rising, and the media is splashed with stories of high-priced oil from here to eternity. And the news flow daily actually supports all these contentions.

"The stocks turned expectations on their heads, flipping market sentiment from slightly bearish to bullish in nanoseconds," Societe Generale wrote in a note...

Exactly. We continue to see a market divergence in which everyone is forced to get long in the spot market but confidence in future pricing cascades downward once you get out 60 days or more.

That was at at least a key part of what had made me bullish before--but, now I am bearish on oil. And I hate being bearish on oil.

My gut tells me supply is pulling oil down. But fear has delayed the inevitable. The correction from 38-39 continues, IMO.