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The Feds are looking pretty stupid...

Started by SemiBizz , May 07 2008 10:24 AM

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11 replies to this topic

#1 SemiBizz

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Posted 07 May 2008 - 10:24 AM

Humpty Dollar is having a big fall...

We have the Feds out here spending the national treasure trying to prop the dollar up, politicians calling for repealing gas taxes...

They both think this will give consumers a break at the pump... :lol:

Meanwhile, crude just keeps on making new highs Posted Image

We'll just go broke trying.

These things have a way of seeking their own levels....

Eventually the consumer will crack, the parabola breaks and it's over.

But not with any help from these CLOWNS.... :angry:

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#2 zman

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Posted 07 May 2008 - 10:33 AM

Humpty Dollar is having a big fall...

We have the Feds out here spending the national treasure trying to prop the dollar up, politicians calling for repealing gas taxes...

They both think this will give consumers a break at the pump...

Meanwhile, crude just keeps on making new highs

We'll just go broke trying.

These things have a way of seeking their own levels....

Eventually the consumer will crack, the parabola breaks and it's over.

But not with any help from these CLOWNS....

Thats right...it amazes me that these idiots in washington don't get it, well maybe they do but who are they protecting? I can't seem to figure out why they have done all this stupid stuff..I am at a complete loss as to why intelligent people can continue to do stupid stuff...maybe jim rodgers was right to head to asia

Education is the best defense against the media.

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#3 Cirrus

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Posted 07 May 2008 - 10:36 AM

The consumer has already cracked...sales are declining on a real basis. CL prices have very little to do with the US right now. Demand is exploding overseas even at these prices. Supply has been stagnant to slightly declining despite record drilling. These statements are factual. The funny part is so many people only are considering the US for CL prices--especially US inventories. Traders are running the price up not because of inventories--but because of the global supply and demand balance. They are running the price up in an effort to maintain a level that keeps US inventories adequate or filled.

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#4 SemiBizz

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Posted 07 May 2008 - 10:45 AM

So what will they try next? Price controls ? WIN (Whip Inflation Now) Buttons? :lol:

Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics

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#5 zman

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Posted 07 May 2008 - 10:47 AM

So what will they try next?

Price controls ?

WIN (Whip Inflation Now) Buttons?

yep we always forget the supply/demand part of this:) good points

Education is the best defense against the media.

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#6 skyymaster

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Posted 07 May 2008 - 11:04 AM

Saw my neighbors wife with a new scooter the other day. Darn, nobody believes in walking to the corner grocery store anymore (Super Target). Time: < 7 minutes walking. :rolleyes:

People should not be afraid of their governments. Governments should be afraid of their people.

Remember this day, men, for it will be yours for all time.

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#7 Cirrus

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Posted 07 May 2008 - 11:09 AM

FWIW I think that the officials are significantly overstating US demand....it's headed south and has been for months.

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#8 SemiBizz

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Posted 07 May 2008 - 11:10 AM

So what will they try next?

Price controls ?

WIN (Whip Inflation Now) Buttons?

Just order up 250 Million of these, that will fix it.

Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics

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#9 SemiBizz

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23,217 posts

Posted 07 May 2008 - 11:18 AM

And unless you think that Bear Stearns was just an "isolated" cockroach... there are always plenty more coming... As I said mentioned in March, I expect one of these investor/broker failures per quarter. So, Who's next?

Posted Image

How much of our national treasure will they stake to keep this charade going? What is the matter with letting them fail? Even the US Treasury has it's limits...

Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics