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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (22553)	11/29/2004 9:47:45 AM
From: russwinter	Read Replies (1) \| Respond to of 110194

The mutha load of the Bubble, retailers and homebuilders are down, and there is a hard sell off in bonds, gcm.com but the silly season crowd is failing to connect the dots and are buying something else. OMO activities have been off the map, and you'd think they might drain some of that off? I'd key on the 16.75 B coming due on Thursday, bullandbearwise.com and any permanents between now and then. If it's light by that date, it's time to buy Jan index puts (or write naked calls on high premiums like GOOG and RIMM) going into the jobs report, and 14th FOMC meeting.

To: ild who wrote (22553)	11/29/2004 11:28:47 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 110194

so it is a decline adjusted for inflation i have never heard of a company that adjusts their sales or profit results (downward) to account for inflation. i believe people were aware of this back in the high-inflation days of the 70s and 80s, but probably not anymore. sounds like the poor WMT results could be a bit of the "two Americas" at work, whaddayathink? i noticed that malls and yuppie stores around here have been packed since the week before Thanksgiving. but the el-cheapo stores like Ross and TJ-Maxx were pretty empty. online.wsj.com A Shopping Frenzy, but Not at Wal-Mart By ELLEN BYRON in New York, ANN ZIMMERMAN in Dallas and AMY MERRICK in Chicago Staff Reporters of THE WALL STREET JOURNAL November 29, 2004; Page B1 Near-record crowds turned out for the holiday shopping season's Thanksgiving weekend kickoff, bringing with them unexpectedly robust sales gains to many malls and retail chains across the country. Except, surprisingly, at Wal-Mart Stores Inc. Wal-Mart on Saturday took the unusual step of slashing its prediction for November sales growth, citing disappointing holiday sales at its stores. Wal-Mart predicted that November same-store sales in the U.S. would grow by only 0.7% over a year ago, far less than the 2% to 4% rise the retailer had expected. J.C. Penney Co. and Sears, Roebuck & Co. also remained cautious about overall holiday sales, despite dazzling customer turnout.