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


To: yard_man who wrote (68575)8/21/2006 12:36:18 PM
From: ild  Read Replies (1) | Respond to of 110194
 
Pete@'free' energy -- trotsky, 11:12:13 08/21/06 Mon
"The concept of "free energy" -- which contradicts the first law of thermodynamics that in layman's terms states you cannot get more energy out than you put in -- has divided the scientific community for centuries."

no, it hasn't. the scientific community is of one mind regarding the free lunch - it doesn't exist.

"The Internet is awash with claims to have cracked the problem using magnets, coils and even crystals."

the internet is indeed drowning in nonsense. this is in the nature of the beast, so to speak. anyway, it's quite a leap of logic to conflate a large amount of nonsense on the internet with an allegedly 'divided scientific community'.

@shrub -- trotsky, 10:57:55 08/21/06 Mon
now he's in outright lies territory. 'no-one in this administration ever suggested that Iraq/Saddam was behind 9-11'
they suggested just that for several years running now - over 50% of USers still believe it to be true, the result of unrelenting administration propaganda to that effect.

@shrub -- trotsky, 10:50:55 08/21/06 Mon
'it's a global war on turr' (YAWN). 'leaving Iraq would be a disaster' (as if staying there wasn't a disaster already). 'if we leave Iraq, the turrsts will follow us from there' (LOL - yeah, sure. the Iraqi resistance is going to invade the US).

@OT, movie -- trotsky, 10:40:32 08/21/06 Mon
highly recommended: Joe Dante's short film 'Homecoming'. it's a different kind of zombie movie. first the dead soldiers of the Iraq war wake up - and they only want one thing - they want to vote. they try to vote the instigators of the war out of office, but are thwarted by Diebold's electronic voting machines. at that point, the dead soldiers of several previous wars ALSO wake up...

Dante's Homecoming
villagevoice.com

@shrub press conference -- trotsky, 10:32:19 08/21/06 Mon
the man is utterly clueless...i know that's nothing new, but his simplistic 'black-white' view of the world is appallingly childish and i'm taken aback anew every time.
other than that, he's spouting total gibberish - as if he couldn't form a single coherent train of thought. how could this un-person become president and thus someone deciding the fate of millions of people, the arbiter of life and death?
it also seems (comparing his current performance to his performance in say the pre-election period of 2000) that he's in continuing mental decline...sort of getting from bad to worse. what has remained the same is that he's still unable to admit a mistake or change a policy, no matter how utterly it has obviously failed (obvious for everyone else that is).
another two extremely dangerous years for the world lie ahead...i can already picture the copious amounts of blood and guts we'll be wading through by continuing to force 'democracy' at gun point on people who don't want it, while the police state at home gets solidified further, making a mockery of these high-flying ideals. this is a prime example of ostensibly 'good intentions' paving the road to hell.

@amazing Wall Street -- trotsky, 10:11:23 08/21/06 Mon
i'm regularly astounded what types get to be fund managers these days.
just now a fund manager with $16bn. (!) under management was interviewed on TV as to his market opinion. not only was he flogging the same old dead horse that all of WS has been going on about for ages ('buy big caps' - nevermind how atrociously they perform...), he also opined that the market would rally as soon as the economy was weak enough to induce Fed easing.
i wonder why not one of those reporters ever asks: why then did the market rally while the Fed raised rates 17 times?
is it actually possible that EVERY situation is bullish?
Fed raises rates, economy strong: bullish. economy weak, Fed cuts rates: bullish. economy in 'transition' (i.e. about to crash-land): bullish , as Fed pauses.
iow, not even the allegedly best and the brightest that are looking after enormous sums of other people's money can't conceive of the 'non-bullish state'. it's been wished out of existence.
on a side note, they mentioned on TV altogether 4 times today (around the opening of the market) how terribly bearish all the technical analysts now are. the market promptly opened somewhat lower as if to say: "yep - they're right!" that's an additional heads-up for bears committed to short term bearish positions - it says "be careful - once there are so many bears that they get mentioned on TV, there's a good chance there are too many of them". Rydex bear assets have swelled in recent months, and are still not too far off recent record highs. it seems possible that the market will do a little seasonal flip-flop, showing strength in the seasonally weak Sept-Oct. period, and will only start to weaken seriously in the normally seasonally strong period thereafter. this is based on the current disconnect between strong bearish sentiment and relatively benign market action - the same situation that pertains in the pm sector as well.