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To bad the article failed to mention that BAC's purchase was really a net gain for the bank through taxes, a well known fact, the cost-none, was a benefit, so just don't find to much of interest here.

y, that is what i said some days ago, hurry up bears and get it into the low 3's i'll be a the door again...
 

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the banks cutting or capping credit is one thing, the oil companies is another, not sure what else they can do but take on j6p's gas needs or they will all become cash only stations like arco's....
 

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the more i wonder "what is a good set of irons" for an old fart with a 10...
 

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how this has stayed in the offshore and not in the RR or baseball forum at the least is beyond me

good stuff

least transformers is on

because nothing offensive other than the score of these two shitty teams
 

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102.8 Billion

Yes, that is the Federal Budget Deficit as of August 12, 2008. This is, and has, the potential to cause many problems world wide, save us in the USA. So, whoever you vote for, and I don't care who-its your right, please give this some thought, because this deficit is a non-partisian problem that will take us all down, period.
 

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markets world wide appear to be positioning themselves for a bad retail number in the US....lets see come morning...
 

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FYI, poster 'cyclist' at Kitco (uses Elliot Wave theory) moved out of gold shorts into 100% SKF and HGU yesterday, has a target in mind of $140 for SKF. This guy's pretty good, so thought I'd share.

upside on hgu...
 

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they=bulls, c'mom you can say bulls can't you...

looks like the financials are holding up fairly good today despite everybody and their brother taking them to the matt...

treaursies are holding up also, hard to see your, ah, they taking this market south if rates hold in the range now...
 

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"was the july bottom on dow/SPX a long term bottom and will a lower number be reached in the near future....yes or no"

is this a two part question and do i get credit for both answers...

long term to me is anything exceding 1 year and, yes i think the bottom was put in, i said this awhile back, i thought 11,000ish on the dow would hold, when you were calling for 10,500ish on the dow and 1150 spx, not sure, but somewhere there-abouts...

as to the near future, which will identify as through 2008, i also think neither will reach the lows you called for...

and why, well, to many other markets world wide taking it in the ass these days, with euroland, japan and many of the smaller asian countires slowing, money will flow to the best of the worst, and that is the dow/spx/us markets....

forget south america and the brics...
 

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Aug. 13 (Bloomberg) -- Crude oil futures rose more than $3 a barrel in New York after a U.S. Energy Department report showed a bigger-than-forecast decline in inventories of gasoline as refiners shut units and imports fell.
Gasoline supplies dropped 6.39 million barrels to 202.8 million barrels last week, the biggest decline since October 2002 when Hurricane Lili and Tropical Storm Isidore disrupted output along the Gulf of Mexico. Stockpiles were forecast to decrease 2.15 million barrels, according to a Bloomberg News survey.
``Refiners are cutting runs and imports plunged because demand is so weak,'' said Michael Lynch, president of Strategic Energy & Economic Research in Winchester, Massachusetts. ``Refiners weren't making money so it made sense to shut units.''

NO, this is what they do, smoke and mirrors, the storms did nothing to the gulf oil rigs, etc, refiners aren't making a killing so they take their ball and go home.
 

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well, the near term call makes alot more sense, as i think the markets go into hibernation as they await the outcome of the potus in november, but the 2009 maybe a bit half-full, but then again, a new administration can bring with it opptomism
 

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"well see what bank fail friday brings us VNBC at the top of the list now under 1"

i did some appraisal work for them some years ago, and we decided to agree to disagree, they were pressuring me for values back then, so it would be kind of nice in that sense to see them go tits on a friday....​
 

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He predicted on 8/11 that gold would start moving up mid-week this week. I thought about buying bullion at Scottrade but they don't offer commodities. Then I thought better of it since I'm not that familiar with this guy. It seems he has an excellent track record though.

I only found it as CA:HGU...is this the samething...
 

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US equity markets down

USD (quote vs. other fiat losing value over the long haul) flat to up

gold/silver flat to up


if the usd is going to be flat to up against any of the currencies, then the equites will also be up...
 

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