Big bad day, coming soon.....

[Kicking]

20 aLQaida nukes in the US? nukes from former USSR in the US ? such bullsh*t
anyway I don't think terrorists are actually interested in using nukes. Even terrorists have some kind of "rules of engagement" and the effect of nukes may not even be what they look for

As for those brilliant scientists who invented or worked on atomic bombs may they rot for ever in hell

 

[Albert Cibiades]

Oil through the roof? We haven't seen demand declines kick in yet. I carpooled and sat in gas lines in the Northeast during the embargo in '73. We'll put on more trains, fly more, use paper instead of plastic, gassify coal, use more "clean" coal, explore for more natural gas, install more nuclear (and the first experimental fusion plant breaks groung this year in France), park our SUVs in the north 40, increase usage of gassohol, and open up fields that aren't productive at $60. Oh, and there's some point at which solar is cost effective. We could get to the point that the only thing we make out of oil is contraceptives, and even for that we have sheep guts. Think green and oil is not an issue.

 

[prt_systems]

Quote from optionpro007:

I think is it very clear.

If you look at what the SML, MID and the all the Russells did today, you will notice they all closed down with strength or made a good looking reversal.

Contrary to what the major indices showed. As the day wore on only the Dow kept it's cool. Both the SPX and NQ were losing throughout the afternoon.

Earnings are already priced in the market,
and all small caps are starting to turnover.

I would not be surprised if tomorrow we end up having a Friday to remember.....

Well a late day reversal does not always portend a pullback during the next trading session ...... but a four year high is a good excuse to try a reversal .......

I agree that the strength of the move was modest ... up at the open and then stuck in a trading range with a pullback in the last hour.

The wrench in your prediction could be the numbers releases .... if they outperform expectations I dont think you will see much follow through on the reversal ....

 

[winter]

Quote from Sam123:

Nukes are easy to detect.

Ever heard of lead?

Quote from Sam123:

Don't worry about it. Not gonna happen. Besides, just one of our submarines can destroy every single thing Osama bin Laden cares about, and every single thing his millions of supporters care about, and they all know it.

Care to enumerate those targets? One of the primary problems with fighting AQ is that there are no conventional military targets. Unless you plan on wiping out whole countries because there are handfuls of terrorists mixed in (can you say collateral damage?)

Quote from Sam123:

In order for the terrorist tactic to work, the Islamists must maintain a political moral high ground in the eyes of the apologetic Western Left, to maintain confusion, disunion and weakness in the West. Nuclear terrorism would simply unite the West and make it strong, and the Islamist's global strategy is toast. Those bastards know it and that's why nuclear terrorism won't happen, aside from the technical difficulties.

Political moral high ground? What exactly is the moral difference between destroying the twin towers/killing civilians and causing the same level of destruction on a wider scale? The same (twisted) rational that they used for 9/11 could easily be used to nuke NYC.

Page 47 of the 9/11 Report:

In February 1998, the 40-year-old Saudi exile Usama Bin Ladin and a fugitive Egyptian physician,Ayman al Zawahiri, arranged from their Afghan headquarters for an Arabic newspaper in London to publish what they termed a fatwa issued in the name of a “World Islamic Front.”A fatwa is normally an interpretation of Islamic law by a respected Islamic authority,but neither Bin Ladin, Zawahiri, nor the three others who signed this statement were scholars Islamic law. Claiming that America had declared war against God and his messenger, they called for the murder of any American, anywhere on earth, as the “individual duty for every Muslim who can do it in any country in which is possible to do it.”

 

[winter]

Quote from Chagi:

If we are going to live in a world with nukes, they belong in the hands of rational individuals that are (hopefully) unlikely to ever actually use them, due to things like mutually assured destruction.

The genie is out of the bottle. Hoping that some nutjob never gets their hands on one isn't going to cut it. With less stable countries starting to develop nukes its only a matter of time IMHO.

 

[winter]

Quote from Kicking:

anyway I don't think terrorists are actually interested in using nukes. Even terrorists have some kind of "rules of engagement" and the effect of nukes may not even be what they look for

Really? What are those rules? You don't think they would have been overjoyed if the twin towers coming down had taken out 30,000 people instead of 3,000?

Folks I think you are really naive if you don't see that they are interested in causing the maximum amount of damage they can. You don't think they would try to nuke Wash DC to make a political statement or NYC to strike at the heart of our financial center (again)?

There are only two things required for it to happen, the terrorists need to:

(1) acquire a working weapon
(2) have the will to detonate it

Anyone who thinks point 2 is going to be the sticking point that prevents this from happening is relying on their own beliefs and not thinking like AQ. Would you have believed that flying a plane loaded with people into the towers was allowed under the terrorists "rules of engagement" before 9/11?

 

[DTM]

Quote from optionpro007:

I think is it very clear.

If you look at what the SML, MID and the all the Russells did today, you will notice they all closed down with strength or made a good looking reversal.

Contrary to what the major indices showed. As the day wore on only the Dow kept it's cool. Both the SPX and NQ were losing throughout the afternoon.

Earnings are already priced in the market,
and all small caps are starting to turnover.

I would not be surprised if tomorrow we end up having a Friday to remember.....

Just my very humble opinion of course.....

I agree with you Optionproof007. To me, the S&P 500 looks set to do a reversal, if not friday, then definitely within the next week or so. Its confusing as the Dow still looks like its powering up but the S&P 500 looks weak.

 

[prt_systems]

Quote from DTM:

I agree with you Optionproof007. To me, the S&P 500 looks set to do a reversal, if not friday, then definitely within the next week or so. Its confusing as the Dow still looks like its powering up but the S&P 500 looks weak.

many large caps have made big workforce reductions and cost reductions over the last three years: these moves are starting to yield big gains on profitability. .......

I dont view this as anything truly unusual when set against the backdrop of seasonal signals ......