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    Bailing out US auto

    You must think that GM works in a total vacuum . . . Look up the word vendor and apply it to all of the companies that supply GM and Ford.
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    Jim Rogers tells CNBC to F* OFF

    It's questioned because there are people out there that worked closely with Rogers while he was at the Quantum Fund . . . and who were still at the Quantum Fund ( as traders ) well after Rogers had left. They ( and their contacts ) were privy to where people "cleared" their trades through...
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    Bailing out US auto

    Brilliantly failed logic. Especially since GM spends $5 BILLION per year in health care expenses and generates $50-$60 BILLION in Federal Tax Revenues per year.
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    Best Buy - "Seismic Slowdown In Consumer Spending"

    The deals won't be out there. It doesn't work like that. Companies ( like Mervyn's ) go BK and then they sell-off their merchandise in "bulk" to other retailers . . . As a result, you won't be seeing anything over 30% off . . . and even if it is it will be "junk" that is discounted at that...
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    The End Michael Lewis

    And yet Greenspan had the balls to sit in front of Congress last month and tell us all that he had assumed that . . . 1. Real Estate markets were LOCAL markets and would never effect the National Economy. and 2. Financial institutions would always seek to protect their equity. Does...
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    Paulson-Obama & "the Rock" from WWF

    Mods please move this to "Chit Chat" It has absolutely NOTHING to do with Trading.
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    Pelosi refuses to let auto industry fail

    You have no idea what you are talking about. GM generates $50-$60 BILLION in tax revenue to the federal government, not too mention the fact that they employ 3 MILLION people in this country. And you claim that this is merely a partisanship ploy by Pelosi? Get real.
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    Pelosi refuses to let auto industry fail

    GM's health care expense is running at $5 BILLION per year.
  9. L

    Ewj: elliott wave

    I have a phone call into a mentor of mine back East that is a sales/marketing guy for one of the largest quant funds in the country for more info on this topic. Will report back tomorrow.
  10. L

    Ewj: elliott wave

    Friday is 45 days before the end of the quarter. Significant, because it is the last day that a hedge-fund investor can make a request to redeem shares in a Fund. First leg down in the SPY from the intra-day high was 2.17 Small a-b-c counter trend rally back to 90.97 at 3:21PM 90.97 -...
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    Friday = Redemption Day?

    Usually is. 45 days before quarter end. Last day for a hedge-fund to request a redemption. A self-fullfilling prophecy to rush for the exits ahead of Friday? Potential lifting of selling pressure after Friday? http://allaboutalpha.com/blog/category/postingcategories/media/
  12. L

    Ewj: elliott wave

    Agreed. Just a horrible VOLUME pattern and very similar to Friday's lethargic trading. :(
  13. L

    Isn't it strange having a President...

    I guess you must have missed Obama's press conference on Friday in which the likes of Paul Volcker, Bob Rubin, and Larry Summers ( among others ) were standing behind him. The last time I checked, McCain had no such economic people standing behind him. Moreover, just about every single one...
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    Obama`s Policies Are Not Good For The Economy

    Agreed. Quite frankly, I'm really not surprised by all of this "fear-mongering" on ET over prospective SOCIALISM as the Gnomes of the world continue to profess. It seems to be quite typical of the ET crowd that loves to point their partisan fingers without any economic basis in fact. I...
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    Ewj: elliott wave

    ALL very interesting counts, and alternates . . . Early next week trade should give us more of a clue. Hope everyone is enjoying the Weekend! :)
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    Obama`s Policies Are Not Good For The Economy

    And that's why he had Paul Volcker, Bob Rubin, Larry Summers, and other notable monetary officials standing behind him at Friday's press conference? You are so ignorant Mav. Get a freaking clue.
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    I think Obama has been set up to fail

    You don't get it, do you? We are looking at huge DEFLATIONARY forces that are collapsing the U.S. Economy . . . the ONLY way out of this mess is DEFICIT SPENDING over the next 2 years. Otherwise, we are talking "Japan in the 90's" with the one major difference being that the Japanese...
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    What is OPECs deal anyway?

    Just an FYI . . . At current production rates, Mexico will EXHAUST their reserves in only 8 years. They are our #3 supplier of crude, next to the Saudis and Canada.
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    Isn't it strange having a President...

    And yet former Republican Secretary of State under George H.W. Bush . . . Lawrence Eagleburger said "Of Course, She's Not Ready." "I don't think at the moment she is prepared to take over the reins of the presidency. I can name for you any number of other vice presidents who were not...
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