STOCK MARKET WATCH, WEDNESDAY NOV 12....(#1)

[ozymandius]

Wednesday November 12, 2003

COUNTING THE DAYS
DAYS REMAINING IN THE * REGIME 439
REICH-WING RUBBERSTAMP-Congress = DAY 359
DAYS SINCE DEMOCRACY DIED (12/12/00) 2 YEARS, 334 DAYS
WHERE'S OSAMA BIN-LADEN? 2 YEARS, 25 DAYS
WHERE'S SADDAM? WHERE ARE THE WMD'S? - DAY 234
DAYS SINCE ENRON COLLAPSE = 718
Number of Enron Execs in handcuffs = 17
ENRON EXECS CONVICTED = 1
Other Arrests of Execs = 53

U.S. FUTURES & MARKETS INDICATORS
NASDAQ FUTURES-----------------------------S&P FUTURES




AT THE CLOSING BELL ON November 11, 2003

Dow... 9,737.79 -18.74 (-0.19%)
Nasdaq... 1,930.75 -10.89 (-0.56%)
S&P 500.... 1,046.57 -0.54 (-0.05%)
10-Yr Bond... 4.46% +0.01 (+0.22%)
Gold future... 388.20 +1.50 (+0.39%)

DOW..........................NASDAQ.......................S&P

||


GOLD, EURO, YEN and Dollars


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PIEHOLE ALERT

Heads Up!
Preliminary info on appearances by Bush & Co. throughout the country. Details & links are added as they become available so check back. And if you know more, are organizing something, or would like to, contact [e-mail]

For information on protests and other actions Citizens For Legitimate Government

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[ozymandius]

1. WrapUp by Ike Iossif (I hope you're not thirsty.)

"Weekly Charts"

Given that the market is experiencing a "pullback," I thought it would be a good idea to take a look at the weekly charts.

<cut to charts - 16 TOTAL>

However, the Volatility indexes are still in a steep downtrend, which means the market's up-trend is not in any danger of being terminated, as of yet.

Overall, I believe we'll see a bounce from support levels, but I am not that confident that the ensuing rally will take the indices above resistance.

Here ya go if you want to see for yourself.

[ozymandius]

2. Stocks wait for numbers

NEW YORK (CNN/Money) - Bulls seeking to end U.S. stock markets' three-session droop will be biding their time Wednesday as they await a flood of major economic and earnings reports toward the end of the week.

At 5:30 a.m. ET, futures pointed to a generally lower start for the major indexes.

Investors will be looking ahead to several key economic reports. Among them are jobless claims and the trade balance figures due Thursday, and the producer price, retail sales and Michigan consumer sentiment reports all on tap Friday.

more...

[JNelson6563]

3. hahaha!! Great Toon!!

Good morning Marketeers!!

Some retail #s out today along with a few others. European markets eems pretty quiet, down but moderately (last I saw).

I wonder how they will make the numbers look fabulous tomorrow? Hard to top last week's. Revisions?

More later.

Julie

[ozymandius]

4. Good morning Julie and all. Best wishes for ailing Maeve.

And to your little one too Julie. I hope this ailment leaves quickly and gently.

Luckovich is one of my favorites - as you may be able to tell. A local roustabout, his sarcastic wit never fails to please many. Conversely he routinely offends Bush apologists among his readers.

I must get to work. One project is nearing completion - just in time for another to start.

Have a great day!

ozymandius

[Maeve]

5. Thanks, ozy! For the good wishes and starting this thread each day!

Feeling much better today--goofing off for 24 hours can really help.

For toon lovers, don't miss the Meeting room cartoon collections--the latest is HERE Nostamj does a wonderful job of rounding up the best of the best!

Here in central Ohio, we're watching the death of two great local stores. Lazarus was "the" department store for Columbus (a million square feet of downtown space) and will be closing its old flagship and giving the property to the city next August. Now, Big Bear, the original supermarket in the area, is selling off its stores to Kroger or closing them outright. Meanwhile, WalMart is building several new superstores around the outerbelt....

[JNelson6563]

6. Wal-Mart is evil

and contributes mightily to the decline of worker's rights and standard of living.

You'd be surprised to learn how few people know anything about what a wretched company they are.

Julie

[TAH6988]

8. Yes, we must rid

the world of this evil. Good Grief!

[JNelson6563]

9. Care to expound?

How about you tell us all about the wonders of Wal-Mart? Tell us how it has made everything better....a veritable Utopia....

Waiting....

Julie

[TAH6988]

11. I'm not saying it has made

everything better. Just that it's not "EVIL."

[JNelson6563]

15. at least you admit

your ignorance.

Julie--who always appreciates honesty

[mrsteve]

21. Hey everyone - sorry to hear about Lazarus going down

And good to hear you are feeling better Maeve. My lunch postings will be interrupted by meetings today, but I'll try to get back in later in the afternoon.

Lazarus was a pretty big deal on the north side of Indianapolis where I grew up. It's too bad they are going under - they had nice (better than average) lines of clothing, shoes, and coats with reasonable prices. Several friends of mine in High School had parents that worked there - they paid fairly well too, IIRC.

Guess the Walmart-ization of the world proceeds apace, despite the best interests of consumers, workers, and the scoffing of nay-saying skeptics.

[Maeve]

7. The other side of "increased productivity"--burnout

I quit!
Overworked employees are fed up: a survey finds 8 out of 10 Americans want a new job.
November 11, 2003: 4:12 PM EST
By Leslie Haggin Geary, CNN/Money Staff Writer
New York (CNN/Money) - Ready to quit? You have plenty of company.
Many employees are overworked, stressed out, fed up -- and eager to quit their jobs once the economy picks up. In fact, worker angst is so pronounced it has surprised even the most tuned-in human resource professionals. They say employee anger is now almost palpable.

[JNelson6563]

10. seems to coincide with anti-Bush sentiment

funny how that all works out, isn't it? ;-)

Julie

[Maeve]

12. Here we go!

Dow 9,737.79 0.00 (0.00%)
Nasdaq 1,937.33 +6.58 (+0.34%)
S&P 500 1,047.39 +0.82 (+0.08%)
10-Yr Bond 4.420% -0.040

[Maeve]

14. And at 10, all UP

Dow 9,754.01 +16.22 (+0.17%)
Nasdaq 1,945.97 +15.22 (+0.79%)
S&P 500 1,049.25 +2.68 (+0.26%)
10-Yr Bond 4.416% -0.044

[JNelson6563]

17. downgrading exuberance

10:03 and chillin' a bit:

Dow 9,746.61 +8.82 (+0.09%)
Nasdaq 1,944.68 +13.93 (+0.72%)
S&P 500 1,048.71 +2.14 (+0.20%)
10-Yr Bond 4.410% -0.050


Good to see some inflow on the 10 yr though.

Got a meeting for a Dem fundraiser I'm co-chairing this morn. Will check back after lunch.

Julie

[Maeve]

18. 10:39 and cheerful

Dow 9,759.43 +21.64 (+0.22%)
Nasdaq 1,947.60 +16.85 (+0.87%)
S&P 500 1,050.02 +3.45 (+0.33%)
10-Yr Bond 4.408% -0.052

[UpInArms]

20. 12:46 update

Dow 9,794.83 +57.04 (+0.59%)
Nasdaq 1,954.45 +23.70 (+1.23%)
S&P 500 1,052.55 +5.98 (+0.57%)
10-Yr Bond 4.406% -0.054

and the dollar is down

Last trade 92.09 Change -1.01 (-1.08%)

gold is currently up $6.40 - selling at $394.00 per ounce

http://www.kitco.com/market/

[UpInArms]

13. daily dollar watch

http://quotes.ino.com/chart/?s=NYBOT_DXY0

Last trade 92.51 Change -0.59 (-0.63%)

and here's some of the "chatter" that is out there (is this like the "chatter" the intelligence agencies heard prior to 9/11?)

http://www.forbes.com/markets/newswire/2003/11/12/rtr1144296.html

excerpt:

Dealers say the danger to the dollar would not be from the EU sanctions themselves but the threat that tensions could escalate.

"A trade dispute could be negative for capital markets. Overall it would hurt global trade and be a bad sign for corporate profitability," said Hans-Guenter Redeker, chief foreign exchange strategist BNP Paribas.

"That has also held back capital markets from performing and with the weaker performance people put cyclical currencies under some pressure, and especially the dollar."

http://money.cnn.com/2003/11/12/markets/bondcenter/bonds/

excerpt:

Growing trade tensions between the United States and its trading partners, a rising casualty toll in Iraq, and sluggish equity markets also benefited the European currency.

"Short term, the market is nervous there may be some bad news heading the U.S. way, be it equities, terrorism, or a piece of data that doesn't fit in with the more encouraging view of the recovery," said Mark Henry, currency strategist at GNI.

"If the dollar does makes gains, people see it as an opportunity to sell," Henry observed.

Have a great day Marketeers!

[JNelson6563]

16. Saw the Euro up

against the $$. Hmm. Looks shakey at best right now IMO.

Julie

[DUreader]

19. Is gold going to break the $400 mark?

Anybody been tracking gold news ?

[JNelson6563]

22. Holy Cow!! Look at Gold Go!!

That is remarkable!! Up 6.40+ I told ya, didn't I tell you? I've been saying gold is the way to go these days! haha!! I knew it!!

*ahem* Sorry.

Ok, 1:03 and here's how other parts of the financial world look:

Dow 9,798.38 +60.59 (+0.62%)
Nasdaq 1,954.55 +23.80 (+1.23%)
S&P 500 1,052.88 +6.31 (+0.60%)
10-Yr Bond 4.406% -0.054


Julie--*gloating* ;-)

[UpInArms]

24. Gold Soars to Seven-And-A-Half Year High

http://biz.yahoo.com/rb/031112/markets_gold_3.html

NEW YORK (Reuters) - Gold futures rallied to 7-1/2-year highs in New York Wednesday, as investors diversified out of the dollar and commodity funds took aim at the $400 an ounce psychological objective.

"It just looks awesome," said one bullion trader at a U.S. commercial bank.

At the COMEX division of the New York Mercantile Exchange, December gold broke above the 2003 high set in September after London trading wrapped up for the day, topping at $397.00 an ounce, its highest since March 1996.

At 11:56 a.m. EST (1656 GMT), the benchmark contract (0#GC:) was up $6.10 at $394.30, well above a session low of $387.80.

...more...

there you go, Julie - validation :)

[54anickel]

26. Oh man, I was going add some to my portfolio

once they released my 401k funds for rollover.

[JNelson6563]

25. 1:48 still going strong

Dow 9,800.75 +62.96 (+0.65%)
Nasdaq 1,959.11 +28.36 (+1.47%)
S&P 500 1,053.56 +6.99 (+0.67%)
10-Yr Bond 4.411% -0.049

Party on!

Julie

[Maeve]

23. 1:50 and doing well

Dow 9,802.31 +64.52 (+0.66%)
Nasdaq 1,959.58 +28.83 (+1.49%)
S&P 500 1,053.73 +7.16 (+0.68%)
10-Yr Bond 4.409% -0.051

[ozymandius]

27. Hi folks. Checking in at 2:05.

Seems like a rollicking day.

Dow 9,802.68 +64.89 (+0.67%)
Nasdaq 1,959.15 +28.40 (+1.47%)
S&P 500 1,053.55 +6.98 (+0.67%)
10-Yr Bond 4.404% -0.056

[ozymandius]

28. Insiders can’t wait to sell (Did you see this?)

For months, insiders have been negative on stocks, but last week they turned downright depressing -- as selling hit the worst levels in over three decades.

Insider selling by executives and directors of shares in their own companies outweighed buying by an enormous 10 to one. "We have not seen a level of pessimism of this magnitude since we started tracking corporate insider trading activity in 1971," says Vickers Insider Weekly, an Argus newsletter that tracks insider activity.

"It is a strong indication that, in the eyes of corporate executives and directors, the market is not currently a safe place for investment capital."

[Maeve]

30. And the market goes wild!

:shrug:

We've been noting it here, saying there might be trouble brewing, a black cloud on the horizon on the New Bull Market, but no! We're just doomsayers! We just WANT the economy to tank and destroy our own families so we can see Dubya go down in smoke!{/sarcasm}

Sorry, but I'm feeling rather bitter about the bombing of Baghdad and the continuing disconnect between America and Reality.

Dow 9,828.83 +91.04 (+0.93%)
Nasdaq 1,964.93 +34.18 (+1.77%)
S&P 500 1,055.84 +9.27 (+0.89%)
10-Yr Bond 4.414% -0.046

[54anickel]

31. Their mantra "War is good for the economy"

The owner of the company I worked for said this at a quarterly meeting to all the employees just before we struck Iraq.

[UpInArms]

32. the Trent Lott cheerleaders

(bomb 'em all to hell and back) just love this business climate and are clearly buying up all the DJIA stocks!!!

Dow 9,847.78 +109.99 (+1.13%)
Nasdaq 1,968.66 +37.91 (+1.96%)
S&P 500 1,057.81 +11.25 (+1.07%)
10-Yr Bond 4.414% -0.046

can anyone say "irrational exuberance"?

[Repocrat]

29. Ford Motor Co. is in BIG trouble

Ford stock is nearly junk.

DETROIT (Reuters) - Standard & Poor's cut its rating on Ford Motor Co.'s (NYSE:F - News) debt on Wednesday to one notch above "junk," a blow to the giant automaker

http://biz.yahoo.com/rb/031112/autos_ford_10.html

[mrsteve]

33. Hey y'all - what did I miss? 3:30 numbers

Going into the last half hour looks like all is very well on Wall Street.

Dow 9,854.01 +116.22 (+1.19%)
Nasdaq 1,968.53 +37.78 (+1.96%)
S&P 500 1,058.70 +12.13 (+1.16%)
10-Yr Bond 4.412% -0.048

(on edit - oops, last half hour, not hour)

[JNelson6563]

34. Wee-hoo! A happy day on the Street!

Closing numbers:


Dow 9,848.83 +111.04 (+1.14%)
Nasdaq 1,973.11 +42.36 (+2.19%)
S&P 500 1,058.56 +11.99 (+1.15%)
10-Yr Bond 4.412% -0.048

Thank Goddess for the bombings! Nothing cures what ails the markets like a few bombs on some far-away place filled with dark skinned folks!

Julie