WOW,

What a nice day.

Many think it is a sucker rally.

Who the hell knows??

Enjoyed seeing the crooks hauled off in handcuffs.

Shorts must have really been running scared. Of course they have made a fortune over the last six months

Hugh volume.

IF the market doesn't give this back over the next 2 days, I would say that we are out of the woods. Conversely, if there is a steep drop tomorrow, ie, that today was for suckers, well kiss it bye-bye, and start looking for a SG who will let you be her padrote.

From Yahoooooo

Richard Dickson of Hilliard Lyons notes that the market's recent sell-offs have been accompanied by very heavy volume. He points out that of the five heaviest volume days recorded on the NYSE, three have occurred in the past four days.

"Waterfall price declines accompanied by very heavy volume are, historically, very reliable indications of market bottoms. Most recently, the two best examples occurred in October 1987 and again in September 2001. Whether the current example proves to be a third remains to be seen, but we think chances are good that it will," he said. "Overall, we would be making a list of stocks to buy right now."

Just my luck something is different about the current plummet.

lcv - la capricious vida

I love it when Ldvee and Kendricks use dirty words.

If we are truly at a bottom, this would be a really bad time to be holding bonds.

I love it when some cock-hungry cunt fucks and sucks my rock-hard throbbing slab of man meat until I spew hot jizz all over the fuck-happy bitch's face and tongue.

Gracias

I'll repeat my earlier prediction: Dow 8350 on Friday 7/26. I think there was only one other hombre bold enough to predict, and that was 7850.

A Looking for another Gold Medal kind of guy,

Out-of-Towner

Explorer,

I have owned PCA, MYC and MCA for more than 3 years and made over 10% per year when you consider that my yield has been better than 6% tax-free and I have reinvested all dividends. These closed end fund have been my best investment over the past two years.

You are right in that if our economy continues to grow and if we start having an inflation problem, my bonds could start losing value. Particularly these types of mutual funds that can be very volatile. I am not too sure one-day makes a bull market, but hopefully today is the start.

I started liquidating bonds in January, which was to early, and I will continue to move more to stocks (I think) but I would be a fool to not remain diversified.

By the way my house is almost a double over the past 4 years but I don’t plan on selling it on the chance it will go down in value next year. Good chance the RE bubble is next, but it will probably continue to be a good place to invest long term.

Again bonds may go down over the next couple of years and if they do my dividends reinvested will be a good deal for me.

I did have a nice recovery on some of my stocks; Amgen was up over $5 after hours, Exxon up $3.01, Pfizer, up $1.84, NYCB up $1.54, etc. Now if I could have another 4-5 days like that. HAHAHA

Ben

Ootie,
I hope you win!!

Ben:

The problem with the bonds isn't inflation, but rather than the performance of the bonds in relation to a normal market return is not too good. You should expect 15% return from the market in normal times, and your bonds won't get you that.

15%? Really?

Will if I make 6% tax free and my reduced exposure to risk is enhanced by 100% I think some bonds look good.

I can tell you I know of no one that has averaged 15% over a long period in the stock market. I have years where I have done much better than 15%, but unfortunately I have had years I have done much worst.

Explorer, are you advocating that all of one's resources should be invested in the stock market???

Not advocating that entire portfolios get dumped into the market. I am suggesting that, if this is The Bottom, then the market will significantly outperform bonds over the next few years. Ben is 75% in bonds today. If we show an upswing, Ben will be telling us that is less than 50% in bonds will year end.

No Explorer.

The problem with bonds is that inflation will create an enviornment where the Fed. will start raising rates and your bonds will start going down in value.

The market may or may not be going up during a inflationary period. Lots of variables on the stock market. But I can guarantee you 100% of the time, if you start seeing high inflation, the Fed. will raise rates and bonds will start devaluing. Always!! Even if Fed doesn't raise rates if we start having inflation in the 4% or above catogory bonds will get killed.

Fed doesn't need to raise rates now, but if the dollar keeps devaluing against the Euro, etc. you may start seeing inflation. In addition the banks have tons of cash and not much demand. Had anyone call you lately to refi your house? Of course you have.

No pressure to raise rates so I will stay in bonds for the time being.

One day does not make a bull. I wouldn't be surprised if we give back allot tomorrow.

If we give back tomorrow and Friday, watch out! Your bonds will start looking really good.

I'm already scouting for a SG so I can be her live-in.

7/24 was probably only a temporary bottom. I expect a sharp bear rally into about Aug 6 and then watch out below.

Bonds may look better than stocks but if the stock market really tanks then bond holders will have to
start worrying about getting their principal back
- i.e. possibility of default, esp for high-yield junk bonds, and the rest may get downgraded.

Best place for my money is short stocks, although I am now flat (in cash) looking for a rally to short into.

I only buy CA Muni Bonds graded A or better. In, fact one of my closed End Muni Bond funds is almost exclusively AAA Ca Muni's. Very seldomn do you see deflauts on municipal bonds.

Junk Bonds are very attractive, but you had better know what you are doing if you play that game. Also with all the accounting crap there are probaly going to be other companies who have there bonds downgraded and that will really hurt the value of your bonds.

I have never had much luck shorting stocks, but this looks like a good time to be doing it.

OK, on August 6, I will take all of my available resources and short the market and buy as many puts as possible. Which specific stocks are going to crash the hardest on August 6?

This is great. I'm going to be rich. RICH!!! I'll be able to buy and sell Ben, who will miss the August 6 collapse by fooling around with muni bonds, for christ's sake!!!

Those fucking AOL scumbags are down 18% today. Serves those cocksuckers right!!!!

Not good. If this slide continues through tomorrow, well, look for a very severe recession coming to a country near you.

I am so pleased with the fact that AOL is now down over 20%, that I no longer care what happens to the rest of the economy.

Best thing for AOL-Time Warner is divorce.

I just sold 1000 shares of AOL at $9.00 Today!!!

Lost a little over $6000.

I am doing well on PFE, Amgen, Baxter and a few others but my bonds are still the best place to be for now

I was actually surprised that market did as well as it did today.

Fuckin Market

Hey Ben, I know we were talking about AOL last month, but I didn't realize you actually bought any. I hope those last few comments I made don't make you write me out of your will.

Ben I am not recommending you to anyone.
You never answer your damm phone.
I wanted to buy 1.6 million shares of Worldcom and
6 shares of Clubhombre.com stock.

Call me I got news !!!
Got Milk too !!
Sampson pulled a fuckin Ben last night!!

take care
Milkypie

Kendricks says,

"Those fucking AOL scumbags are down 18% today. Serves those cocksuckers right!!!! "

You are right they are cocksuckers!!!

I am so pleased with the fact that AOL is now down over 20%, that I no longer care what happens to the rest of the economy.

I laughed when I saw that post.

Your status has not changed.

My status has not changed? Wait a minute - that could be interpreted as meaning that I was never in your will in the first place....

I would be afraid to put you in my will.

I would have to check my car everyday for car bombs.

Sam:

Should we stop putting money into BDGPA.OB right before the close as you suggested?

http://finance.yahoo.com/q?s=BDGPA.OB&d=c&t=1d&l=on&z=b&q=l

It doesn't look like your pattern is holding.

Ben, I don't know if you have the time or desire, but check out TTN and SURE and give me your cut on these companies. Read the recent TTN press releases (www.titan.com) about the upcoming event on Aug 5. I recently inherited some TTN and I'm wondering how to play the SURE tax free distribution to TTN shareholders.

Whatever, like I said, if you have the time.

TIA,

lcv - la confused vida

Explorer
In this market, there are no systems. I did start up my little game at a lower threshold. But, currently I am at a negative. With this market, I wouldn't put one penny into it until things stablize.

I like K-Mart for whatever reason (I have made some money on this stock). I believe that Fleming will buy K-Mart, eventually, and get into the retail business.

But, for now, I am satisfied with reading all your posts (especially Ben's), and standing on the sidelines. I think I will invest my money in my continuing search for my Marina from Vera Cruz (CC).

I know a ittle bit about Titan.

I have a client that use to work their and a close retired friend who has known there CEO for probably 30 years. The CEO, Gene Ray, is a very eccentric guy and also very creative. Older than me.

Anyway, he had this vision for Titan to create other companies and then spin them off(Surebeam) as seperate companies. In 1999 I think, TTN was the top performing stock on the NYSE, the same year that QCOM was top performer on the NASDAQ.

The stock has dropped dramaticaly this year and based on projected earnings looks at fair value. For what its worth, the analysts like this stock, although it was downgraded by one analyst recently.

I know a little about Surebean and in fact Titan donated one of their machines to Texas A & M University where they are doing research on how to utilizie the technology for other uses other than food protection. Not sure what that is all about. Surebeam has never made any money. But now that it is a stand alone company it may perform better. It is not uncommon for the parent company to over load its expenses on the little brother.

If the over all market stablizes it appears Titan will do well, as the defense industry is growing rapidly right now. Government contracts of course are Titans largest source of income (I think). If I owned it I would keep it for now, but Titan, other than 1999 and 2000, has really under performed the market. For many years it was a stock that never traded above $10. Same CEO during all this time.

Remember the source of this opinion is the same guy that just sold AOL for a $6000 lost and like any stock you could lose all your money and the stock market has allot of risk.

Ben, thanks. My plan has been to hold on and get the SURE dividend. Just not sure what is going to happen in the next few weeks. For guys that short, TTN may be a good one because if I understand it the value of SURE that is currently in TTN will be transferred to SURE on Aug 5 (theoretically of course). Who knows??

TTN has recently given up on the create, build, launch biz model and is now a pure defense play. The old idea confused many on Wall St and frankly didn't work out too well.

It is pretty well lined up to get major work out of the new Homeland Security 3.7 billion budget.

The above info is worth what you paid for it and is probably 100% incorrect. It is for entertainment purposes only and written by a guy who has a mighty fine hobby ;-).

Explorer, have we escaped entering a new depression?

Another Gold Medal for Ootie! And less than one hundred points away from my Dow prediction!

I'll be signing autographs at the local TJ bookstore so you better get there early to avoid getting shut out.

A The only hombre who can time the market.....NOT kind of guy,

Out-of-Towner

Ootie,

Thats pretty damn good. In fact fantastic.

Now what is it going to do next week?

Back by popular demand!

After digesting all the economic data, trends, graphs, charts, international aspects, unemployment and interest rate forecasts, and taking into consideration the effect that the full moon has on the investment community (not to mention my genitalia), I foresee Dow 8/2/02 to be 8422.31, give or take a few fractions. Who is man (or woman) enough to challenge that prediction and knock me off my high horse? Just as I thought: nobody!

Disclaimer: Last week's prediction was the first correct one concerning the stock market in my entire life. So any use of the above information for any investing purposes or expectations of any sort will constitute a more serious misjudgment than banking on a good session from a TJ ice queen.

A The market has more ups and downs than a penis kind of guy,

Out-of-Towner

7850 on the Dow

Put me down for 7851. This is all about whoever's closest, right?

The rule is you have to be at least 100 points away

7851.01

DOW 8125.03
NASDAQ 1223.22
S&P 500 835.26

BDGPA 00.225
tyc 14.25
KM 00.76
Wcoeq 00.27
TIVO 4.25
Ndn 25.25

DOW 36,000 - remember that book???

Anyway, I'm in @ 8,264, hey it's supposed move sideways for awhile, verdad?

Watch TTN towards the end of the week. Stock holders at the end of the week will be getting SURE shares, tax free!! OK, OK, big deal.

P.S. nobody I know knows how to play this. The obvious assumption ain't true

From Amazon.com's editorial review of "Dow 40,000: Strategies for Profiting From the Greatest Bull Market in History":

"To a growing number of analysts (see James Glassman and Kevin Hassett's Dow 36,000 and Charles W. Kadlec's Dow 100,000), it's not a question of if the Dow Jones Industrial Average will blast into the financial stratosphere, but how high it will go. One such lofty projection comes from financial advisor and author David Elias, who believes that the Dow's collection of blue chips are poised to reach unprecedented levels, hitting 40,000 by the year 2016."

Hey, it's only 2002 - he could still be right...

Ben,

I thought you were a numbers guy.

you said - "The rule is you have to be at least 100 points away"

So my 36,000 is a winner!!!

I'm sure that will be "at least 100 points away"

No wonder I'm skeptical of brokers!!

The chicas must love ya..

Ben: How much sweetie pie??
SP: Oh Ben, yo no sabe, $60????
Ben: No, at least $100, no less, but I want to pay more.
SP: Oh Ben, te amo la fella grande.

lsav - la smart ass vida

Si es verdad El fella grande.

Just ask Sweetie Pie. Where ever she is now.

"El" is certainly correct, the ending 'a' got me, and I apologize if I opened some old SP wounds. If so, it was completely unintentional.

ldv

Look at this chart (Mexican Bolsa de Valores v. NASDAQ):

http://cbs.marketwatch.com/tools/quotes/intchart.asp?symb=1807318&sid=123956&freq=1&time=8&siteid=mktw

That didn't work out so well. When you get to the chart, click on "All data" and then comparison to NASDAQ.