http://quote.yahoo.com/m2?u
Full Version: IDS World Markets Mon 1st May 06
Stool Pigeons Wire Message Board > Stock Market Message Board > Intraday Stool- Stock Market Short Term Trading
Straight up from open but it may be a dead cat. All Ords +0.9% with all sectors green apart from Utilities, -0.1%. Materials, unsurprisingly, is the leader, +2.1% and Energy is in second place, +1.3%.
Bluechip miners are rebounding in a big way from their recent selloff. BHP and RIO are both +3% and the golds are up 2-4%.
Oils are up on low volume.
Asia very quiet so far...
EU Imposes More Trade Sanctions on U.S.
BRUSSELS, Belgium (AP) -- The European Union imposed $9.1 million in additional retaliatory sanctions against the United States on Monday in response to antidumping measures meant to protect U.S. companies. The World Trade Organization had declared the U.S. rules illegal.
EU Trade Commissioner Peter Mandelson's office said the new measures were justified because U.S. government payments to American companies are scheduled to continue for two more years despite the disputed trade law being repealed in February.
The new $9.1 million in EU sanctions, brings the total amount of penalties levied against the U.S. in response to the disputed trade law to $36.9 million, the European Commission said in a statement.
Since May 2005, Europeans have had to pay more for U.S. clothing, textiles, machinery, paper products and sweet corn as part of the EU trade sanctions.
BRUSSELS, Belgium (AP) -- The European Union imposed $9.1 million in additional retaliatory sanctions against the United States on Monday in response to antidumping measures meant to protect U.S. companies. The World Trade Organization had declared the U.S. rules illegal.
EU Trade Commissioner Peter Mandelson's office said the new measures were justified because U.S. government payments to American companies are scheduled to continue for two more years despite the disputed trade law being repealed in February.
The new $9.1 million in EU sanctions, brings the total amount of penalties levied against the U.S. in response to the disputed trade law to $36.9 million, the European Commission said in a statement.
Since May 2005, Europeans have had to pay more for U.S. clothing, textiles, machinery, paper products and sweet corn as part of the EU trade sanctions.
Can't access WSE?
second name and password box appears and mine do not work?
Anyone else?
second name and password box appears and mine do not work?
Anyone else?
QUOTE(Dharmaeye @ Apr 30 2006, 11:27 PM)
Can't access WSE?
second name and password box appears and mine do not work?
Anyone else?
second name and password box appears and mine do not work?
Anyone else?
I got in.
It's late Sunday night here and I am not really tired yet so I checked in and see that gold is trading above $660. Geez!
And Benny Boy is gonna pause?
No way!!
Good night!
And Benny Boy is gonna pause?
No way!!
Good night!
Big Doo Doo provided this link on M2M:
Nutso Ravings
How's this for logic?
"A hot spot is The Indonesia Fund (IF), everyone wants in here. This fund is trading at a 46% premium to its assets which shows Cramer that the fund is worth more than the stocks that comprise it."
So glad to discover that a 46% premium over the actual value of the stocks means not that the ETF is overvalued, but the stocks are undervalued.
46 effing percent.
Nutso Ravings
How's this for logic?
"A hot spot is The Indonesia Fund (IF), everyone wants in here. This fund is trading at a 46% premium to its assets which shows Cramer that the fund is worth more than the stocks that comprise it."
So glad to discover that a 46% premium over the actual value of the stocks means not that the ETF is overvalued, but the stocks are undervalued.
46 effing percent.
Somewhat of a tepid effort today in spite of All Ords closing +0.9%. Tomorrow may be more interesting. Materials remained leader, +2.6% and Energy held second place, +1.5%. No change in last position, Utilities, which came in flat.
Miners continued to do well although there was limited interest in the specs. Oils also did ok but volume remained ordinary.
Looks like most of Asia closed and nothing exciting happening on those open...
Come in UK/Europe:
http://quote.yahoo.com/m2?u
QUOTE
China uses 6.5 million barrels of oil a day and the US uses 20 plus million barrels a day. In a few years it displaced Japan as the world's number 2 users of oil. Its GDP is growing at 8-10% a year. It has a population of over 1.3 billion people and many of them are dumping their bicycles and buying cars. In less than 14 years its energy needs are projected to increase by over a 150%. In 4 years China is projected to have 90 times as many cars as it had in 1990 and by 2030 it is estimated that it will have more cars then the United States. The problem is that supplies of oil are not increasing; well that's what the media is saying at least and in the end that's all that matters, as the masses believe everything they are told.
In reality there are very huge supplies of heavy oil; the reserves in the Orinoco region of Venezuela are larger then those in Saudi Arabia but because it's heavy oil these reserves are not counted. In other words when the worlds reserves of oil are calculated heavy oil reserves are not taken into consideration.
---big guys want to generate panic and thus leave less time for the masses to think. When you are in a state of constant worry you cannot think or focus on anything. Pay careful attention to the news and you will see that almost all the time this trick is employed; it's a very good psychological ploy to make sure that the masses never see the light. To be able to think and see patterns you have to be relaxed and that's why we push the concept of cutting one's stress down so much. Once you cut your stress down and are relaxed you can see through this nonsense very easily. Every disaster can be prevented but none are and the reason is always the same "money".
It is for this reason that we have always stated that one should not panic no matter how bad things look because every disaster is nothing but opportunity knocking in disguise provided you are calm enough to see it. Eventually they will start to attack these heavy oil reserves but they will wait till the very last minute to do so and then it will take at least another 6-11 years for us to see the results. Again the reasons are simple money, money, money and more money.
----------------
Science has now proven that approx 95% of the universe is black (as in darkness). So that means only 5% is in the light so as to speak. This information alone should be enough to make one think. But lets go further it has been shown that humans on average use about 5-7% of their brain capacity and geniuses at most 15%. Hence it's safe to assume that the most advanced human being would only have knowledge of maybe 0.05% if not less of this 5% of the universe that is in the light.
Next the reason most people are afraid of the dark is because they fear the unknown, but if you fear the unknown then how can it ever become known. So in essence the fear is irrational, as it's based on pure hear say or superstitious beliefs, twisted religious beliefs etc. Now just with the above info a contrarian would say perhaps the darkness holds the secret, as 95% of the universe is black. How could you possibly learn anything by just studying 5% of what's out there; that the equivalent of some jackass reading one book on investing and assuming he is the worlds best investor.
Lets dig even deeper and use knowledge that is available to anyone that might want to dig deeper. An object gets its colour by absorbing all the other colours except the colour it reflects so a blue object is blue because it absorbs all the other colours except blue. Taking this one step further we could actually say that the darkness is the path of light simply because it absorbs all the light and reflects black and the light is actually darkness because it absorbs all the black and reflects just the light.
If something is absorbing light then one would have a better chance of finding the answer there then something that is absorbing darkness only.
http://www.safehaven.com/article-5055.htm
In reality there are very huge supplies of heavy oil; the reserves in the Orinoco region of Venezuela are larger then those in Saudi Arabia but because it's heavy oil these reserves are not counted. In other words when the worlds reserves of oil are calculated heavy oil reserves are not taken into consideration.
---big guys want to generate panic and thus leave less time for the masses to think. When you are in a state of constant worry you cannot think or focus on anything. Pay careful attention to the news and you will see that almost all the time this trick is employed; it's a very good psychological ploy to make sure that the masses never see the light. To be able to think and see patterns you have to be relaxed and that's why we push the concept of cutting one's stress down so much. Once you cut your stress down and are relaxed you can see through this nonsense very easily. Every disaster can be prevented but none are and the reason is always the same "money".
It is for this reason that we have always stated that one should not panic no matter how bad things look because every disaster is nothing but opportunity knocking in disguise provided you are calm enough to see it. Eventually they will start to attack these heavy oil reserves but they will wait till the very last minute to do so and then it will take at least another 6-11 years for us to see the results. Again the reasons are simple money, money, money and more money.
----------------
Science has now proven that approx 95% of the universe is black (as in darkness). So that means only 5% is in the light so as to speak. This information alone should be enough to make one think. But lets go further it has been shown that humans on average use about 5-7% of their brain capacity and geniuses at most 15%. Hence it's safe to assume that the most advanced human being would only have knowledge of maybe 0.05% if not less of this 5% of the universe that is in the light.
Next the reason most people are afraid of the dark is because they fear the unknown, but if you fear the unknown then how can it ever become known. So in essence the fear is irrational, as it's based on pure hear say or superstitious beliefs, twisted religious beliefs etc. Now just with the above info a contrarian would say perhaps the darkness holds the secret, as 95% of the universe is black. How could you possibly learn anything by just studying 5% of what's out there; that the equivalent of some jackass reading one book on investing and assuming he is the worlds best investor.
Lets dig even deeper and use knowledge that is available to anyone that might want to dig deeper. An object gets its colour by absorbing all the other colours except the colour it reflects so a blue object is blue because it absorbs all the other colours except blue. Taking this one step further we could actually say that the darkness is the path of light simply because it absorbs all the light and reflects black and the light is actually darkness because it absorbs all the black and reflects just the light.
If something is absorbing light then one would have a better chance of finding the answer there then something that is absorbing darkness only.
http://www.safehaven.com/article-5055.htm
Ur-a-peein bourses closed for Mayday=No 3AM jamarama.
QUOTE(FeedFool @ May 1 2006, 03:45 AM)
QUOTE
China uses 6.5 million barrels of oil a day and the US uses 20 plus million barrels a day. In a few years it displaced Japan as the world's number 2 users of oil. Its GDP is growing at 8-10% a year. It has a population of over 1.3 billion people and many of them are dumping their bicycles and buying cars. In less than 14 years its energy needs are projected to increase by over a 150%. In 4 years China is projected to have 90 times as many cars as it had in 1990 and by 2030 it is estimated that it will have more cars then the United States. The problem is that supplies of oil are not increasing; well that's what the media is saying at least and in the end that's all that matters, as the masses believe everything they are told.
In reality there are very huge supplies of heavy oil; the reserves in the Orinoco region of Venezuela are larger then those in Saudi Arabia but because it's heavy oil these reserves are not counted. In other words when the worlds reserves of oil are calculated heavy oil reserves are not taken into consideration.
---big guys want to generate panic and thus leave less time for the masses to think. When you are in a state of constant worry you cannot think or focus on anything. Pay careful attention to the news and you will see that almost all the time this trick is employed; it's a very good psychological ploy to make sure that the masses never see the light. To be able to think and see patterns you have to be relaxed and that's why we push the concept of cutting one's stress down so much. Once you cut your stress down and are relaxed you can see through this nonsense very easily. Every disaster can be prevented but none are and the reason is always the same "money".
It is for this reason that we have always stated that one should not panic no matter how bad things look because every disaster is nothing but opportunity knocking in disguise provided you are calm enough to see it. Eventually they will start to attack these heavy oil reserves but they will wait till the very last minute to do so and then it will take at least another 6-11 years for us to see the results. Again the reasons are simple money, money, money and more money.
----------------
Science has now proven that approx 95% of the universe is black (as in darkness). So that means only 5% is in the light so as to speak. This information alone should be enough to make one think. But lets go further it has been shown that humans on average use about 5-7% of their brain capacity and geniuses at most 15%. Hence it's safe to assume that the most advanced human being would only have knowledge of maybe 0.05% if not less of this 5% of the universe that is in the light.
Next the reason most people are afraid of the dark is because they fear the unknown, but if you fear the unknown then how can it ever become known. So in essence the fear is irrational, as it's based on pure hear say or superstitious beliefs, twisted religious beliefs etc. Now just with the above info a contrarian would say perhaps the darkness holds the secret, as 95% of the universe is black. How could you possibly learn anything by just studying 5% of what's out there; that the equivalent of some jackass reading one book on investing and assuming he is the worlds best investor.
Lets dig even deeper and use knowledge that is available to anyone that might want to dig deeper. An object gets its colour by absorbing all the other colours except the colour it reflects so a blue object is blue because it absorbs all the other colours except blue. Taking this one step further we could actually say that the darkness is the path of light simply because it absorbs all the light and reflects black and the light is actually darkness because it absorbs all the black and reflects just the light.
If something is absorbing light then one would have a better chance of finding the answer there then something that is absorbing darkness only.
http://www.safehaven.com/article-5055.htm
In reality there are very huge supplies of heavy oil; the reserves in the Orinoco region of Venezuela are larger then those in Saudi Arabia but because it's heavy oil these reserves are not counted. In other words when the worlds reserves of oil are calculated heavy oil reserves are not taken into consideration.
---big guys want to generate panic and thus leave less time for the masses to think. When you are in a state of constant worry you cannot think or focus on anything. Pay careful attention to the news and you will see that almost all the time this trick is employed; it's a very good psychological ploy to make sure that the masses never see the light. To be able to think and see patterns you have to be relaxed and that's why we push the concept of cutting one's stress down so much. Once you cut your stress down and are relaxed you can see through this nonsense very easily. Every disaster can be prevented but none are and the reason is always the same "money".
It is for this reason that we have always stated that one should not panic no matter how bad things look because every disaster is nothing but opportunity knocking in disguise provided you are calm enough to see it. Eventually they will start to attack these heavy oil reserves but they will wait till the very last minute to do so and then it will take at least another 6-11 years for us to see the results. Again the reasons are simple money, money, money and more money.
----------------
Science has now proven that approx 95% of the universe is black (as in darkness). So that means only 5% is in the light so as to speak. This information alone should be enough to make one think. But lets go further it has been shown that humans on average use about 5-7% of their brain capacity and geniuses at most 15%. Hence it's safe to assume that the most advanced human being would only have knowledge of maybe 0.05% if not less of this 5% of the universe that is in the light.
Next the reason most people are afraid of the dark is because they fear the unknown, but if you fear the unknown then how can it ever become known. So in essence the fear is irrational, as it's based on pure hear say or superstitious beliefs, twisted religious beliefs etc. Now just with the above info a contrarian would say perhaps the darkness holds the secret, as 95% of the universe is black. How could you possibly learn anything by just studying 5% of what's out there; that the equivalent of some jackass reading one book on investing and assuming he is the worlds best investor.
Lets dig even deeper and use knowledge that is available to anyone that might want to dig deeper. An object gets its colour by absorbing all the other colours except the colour it reflects so a blue object is blue because it absorbs all the other colours except blue. Taking this one step further we could actually say that the darkness is the path of light simply because it absorbs all the light and reflects black and the light is actually darkness because it absorbs all the black and reflects just the light.
If something is absorbing light then one would have a better chance of finding the answer there then something that is absorbing darkness only.
http://www.safehaven.com/article-5055.htm
There are competing theories in this area...
The Dark Sucker Theory...
long-term U
another $2 to make an all time high
another $2 to make an all time high
QUOTE(Slappy @ May 1 2006, 09:45 AM)
QUOTE(FeedFool @ May 1 2006, 03:45 AM)
QUOTE
China uses 6.5 million barrels of oil a day and the US uses 20 plus million barrels a day. In a few years it displaced Japan as the world's number 2 users of oil. Its GDP is growing at 8-10% a year. It has a population of over 1.3 billion people and many of them are dumping their bicycles and buying cars. In less than 14 years its energy needs are projected to increase by over a 150%. In 4 years China is projected to have 90 times as many cars as it had in 1990 and by 2030 it is estimated that it will have more cars then the United States. The problem is that supplies of oil are not increasing; well that's what the media is saying at least and in the end that's all that matters, as the masses believe everything they are told.
In reality there are very huge supplies of heavy oil; the reserves in the Orinoco region of Venezuela are larger then those in Saudi Arabia but because it's heavy oil these reserves are not counted. In other words when the worlds reserves of oil are calculated heavy oil reserves are not taken into consideration.
---big guys want to generate panic and thus leave less time for the masses to think. When you are in a state of constant worry you cannot think or focus on anything. Pay careful attention to the news and you will see that almost all the time this trick is employed; it's a very good psychological ploy to make sure that the masses never see the light. To be able to think and see patterns you have to be relaxed and that's why we push the concept of cutting one's stress down so much. Once you cut your stress down and are relaxed you can see through this nonsense very easily. Every disaster can be prevented but none are and the reason is always the same "money".
It is for this reason that we have always stated that one should not panic no matter how bad things look because every disaster is nothing but opportunity knocking in disguise provided you are calm enough to see it. Eventually they will start to attack these heavy oil reserves but they will wait till the very last minute to do so and then it will take at least another 6-11 years for us to see the results. Again the reasons are simple money, money, money and more money.
----------------
Science has now proven that approx 95% of the universe is black (as in darkness). So that means only 5% is in the light so as to speak. This information alone should be enough to make one think. But lets go further it has been shown that humans on average use about 5-7% of their brain capacity and geniuses at most 15%. Hence it's safe to assume that the most advanced human being would only have knowledge of maybe 0.05% if not less of this 5% of the universe that is in the light.
Next the reason most people are afraid of the dark is because they fear the unknown, but if you fear the unknown then how can it ever become known. So in essence the fear is irrational, as it's based on pure hear say or superstitious beliefs, twisted religious beliefs etc. Now just with the above info a contrarian would say perhaps the darkness holds the secret, as 95% of the universe is black. How could you possibly learn anything by just studying 5% of what's out there; that the equivalent of some jackass reading one book on investing and assuming he is the worlds best investor.
Lets dig even deeper and use knowledge that is available to anyone that might want to dig deeper. An object gets its colour by absorbing all the other colours except the colour it reflects so a blue object is blue because it absorbs all the other colours except blue. Taking this one step further we could actually say that the darkness is the path of light simply because it absorbs all the light and reflects black and the light is actually darkness because it absorbs all the black and reflects just the light.
If something is absorbing light then one would have a better chance of finding the answer there then something that is absorbing darkness only.
http://www.safehaven.com/article-5055.htm
In reality there are very huge supplies of heavy oil; the reserves in the Orinoco region of Venezuela are larger then those in Saudi Arabia but because it's heavy oil these reserves are not counted. In other words when the worlds reserves of oil are calculated heavy oil reserves are not taken into consideration.
---big guys want to generate panic and thus leave less time for the masses to think. When you are in a state of constant worry you cannot think or focus on anything. Pay careful attention to the news and you will see that almost all the time this trick is employed; it's a very good psychological ploy to make sure that the masses never see the light. To be able to think and see patterns you have to be relaxed and that's why we push the concept of cutting one's stress down so much. Once you cut your stress down and are relaxed you can see through this nonsense very easily. Every disaster can be prevented but none are and the reason is always the same "money".
It is for this reason that we have always stated that one should not panic no matter how bad things look because every disaster is nothing but opportunity knocking in disguise provided you are calm enough to see it. Eventually they will start to attack these heavy oil reserves but they will wait till the very last minute to do so and then it will take at least another 6-11 years for us to see the results. Again the reasons are simple money, money, money and more money.
----------------
Science has now proven that approx 95% of the universe is black (as in darkness). So that means only 5% is in the light so as to speak. This information alone should be enough to make one think. But lets go further it has been shown that humans on average use about 5-7% of their brain capacity and geniuses at most 15%. Hence it's safe to assume that the most advanced human being would only have knowledge of maybe 0.05% if not less of this 5% of the universe that is in the light.
Next the reason most people are afraid of the dark is because they fear the unknown, but if you fear the unknown then how can it ever become known. So in essence the fear is irrational, as it's based on pure hear say or superstitious beliefs, twisted religious beliefs etc. Now just with the above info a contrarian would say perhaps the darkness holds the secret, as 95% of the universe is black. How could you possibly learn anything by just studying 5% of what's out there; that the equivalent of some jackass reading one book on investing and assuming he is the worlds best investor.
Lets dig even deeper and use knowledge that is available to anyone that might want to dig deeper. An object gets its colour by absorbing all the other colours except the colour it reflects so a blue object is blue because it absorbs all the other colours except blue. Taking this one step further we could actually say that the darkness is the path of light simply because it absorbs all the light and reflects black and the light is actually darkness because it absorbs all the black and reflects just the light.
If something is absorbing light then one would have a better chance of finding the answer there then something that is absorbing darkness only.
http://www.safehaven.com/article-5055.htm
There are competing theories in this area...
The Dark Sucker Theory...
I will have to do R&D, it could be fake
QUOTE(Slappy @ May 1 2006, 04:45 AM)
QUOTE(FeedFool @ May 1 2006, 03:45 AM)
QUOTE
China uses 6.5 million barrels of oil a day and the US uses 20 plus million barrels a day. In a few years it displaced Japan as the world's number 2 users of oil. Its GDP is growing at 8-10% a year. It has a population of over 1.3 billion people and many of them are dumping their bicycles and buying cars. In less than 14 years its energy needs are projected to increase by over a 150%. In 4 years China is projected to have 90 times as many cars as it had in 1990 and by 2030 it is estimated that it will have more cars then the United States. The problem is that supplies of oil are not increasing; well that's what the media is saying at least and in the end that's all that matters, as the masses believe everything they are told.
In reality there are very huge supplies of heavy oil; the reserves in the Orinoco region of Venezuela are larger then those in Saudi Arabia but because it's heavy oil these reserves are not counted. In other words when the worlds reserves of oil are calculated heavy oil reserves are not taken into consideration.
---big guys want to generate panic and thus leave less time for the masses to think. When you are in a state of constant worry you cannot think or focus on anything. Pay careful attention to the news and you will see that almost all the time this trick is employed; it's a very good psychological ploy to make sure that the masses never see the light. To be able to think and see patterns you have to be relaxed and that's why we push the concept of cutting one's stress down so much. Once you cut your stress down and are relaxed you can see through this nonsense very easily. Every disaster can be prevented but none are and the reason is always the same "money".
It is for this reason that we have always stated that one should not panic no matter how bad things look because every disaster is nothing but opportunity knocking in disguise provided you are calm enough to see it. Eventually they will start to attack these heavy oil reserves but they will wait till the very last minute to do so and then it will take at least another 6-11 years for us to see the results. Again the reasons are simple money, money, money and more money.
----------------
Science has now proven that approx 95% of the universe is black (as in darkness). So that means only 5% is in the light so as to speak. This information alone should be enough to make one think. But lets go further it has been shown that humans on average use about 5-7% of their brain capacity and geniuses at most 15%. Hence it's safe to assume that the most advanced human being would only have knowledge of maybe 0.05% if not less of this 5% of the universe that is in the light.
Next the reason most people are afraid of the dark is because they fear the unknown, but if you fear the unknown then how can it ever become known. So in essence the fear is irrational, as it's based on pure hear say or superstitious beliefs, twisted religious beliefs etc. Now just with the above info a contrarian would say perhaps the darkness holds the secret, as 95% of the universe is black. How could you possibly learn anything by just studying 5% of what's out there; that the equivalent of some jackass reading one book on investing and assuming he is the worlds best investor.
Lets dig even deeper and use knowledge that is available to anyone that might want to dig deeper. An object gets its colour by absorbing all the other colours except the colour it reflects so a blue object is blue because it absorbs all the other colours except blue. Taking this one step further we could actually say that the darkness is the path of light simply because it absorbs all the light and reflects black and the light is actually darkness because it absorbs all the black and reflects just the light.
If something is absorbing light then one would have a better chance of finding the answer there then something that is absorbing darkness only.
http://www.safehaven.com/article-5055.htm
In reality there are very huge supplies of heavy oil; the reserves in the Orinoco region of Venezuela are larger then those in Saudi Arabia but because it's heavy oil these reserves are not counted. In other words when the worlds reserves of oil are calculated heavy oil reserves are not taken into consideration.
---big guys want to generate panic and thus leave less time for the masses to think. When you are in a state of constant worry you cannot think or focus on anything. Pay careful attention to the news and you will see that almost all the time this trick is employed; it's a very good psychological ploy to make sure that the masses never see the light. To be able to think and see patterns you have to be relaxed and that's why we push the concept of cutting one's stress down so much. Once you cut your stress down and are relaxed you can see through this nonsense very easily. Every disaster can be prevented but none are and the reason is always the same "money".
It is for this reason that we have always stated that one should not panic no matter how bad things look because every disaster is nothing but opportunity knocking in disguise provided you are calm enough to see it. Eventually they will start to attack these heavy oil reserves but they will wait till the very last minute to do so and then it will take at least another 6-11 years for us to see the results. Again the reasons are simple money, money, money and more money.
----------------
Science has now proven that approx 95% of the universe is black (as in darkness). So that means only 5% is in the light so as to speak. This information alone should be enough to make one think. But lets go further it has been shown that humans on average use about 5-7% of their brain capacity and geniuses at most 15%. Hence it's safe to assume that the most advanced human being would only have knowledge of maybe 0.05% if not less of this 5% of the universe that is in the light.
Next the reason most people are afraid of the dark is because they fear the unknown, but if you fear the unknown then how can it ever become known. So in essence the fear is irrational, as it's based on pure hear say or superstitious beliefs, twisted religious beliefs etc. Now just with the above info a contrarian would say perhaps the darkness holds the secret, as 95% of the universe is black. How could you possibly learn anything by just studying 5% of what's out there; that the equivalent of some jackass reading one book on investing and assuming he is the worlds best investor.
Lets dig even deeper and use knowledge that is available to anyone that might want to dig deeper. An object gets its colour by absorbing all the other colours except the colour it reflects so a blue object is blue because it absorbs all the other colours except blue. Taking this one step further we could actually say that the darkness is the path of light simply because it absorbs all the light and reflects black and the light is actually darkness because it absorbs all the black and reflects just the light.
If something is absorbing light then one would have a better chance of finding the answer there then something that is absorbing darkness only.
http://www.safehaven.com/article-5055.htm
There are competing theories in this area...
The Dark Sucker Theory...
So THAT'S what the guys from "The Journal of Irreproducible Results" are doing now.
QUOTE(cwd @ May 1 2006, 12:29 AM)
QUOTE(Dharmaeye @ Apr 30 2006, 11:27 PM)
Can't access WSE?
second name and password box appears and mine do not work?
Anyone else?
second name and password box appears and mine do not work?
Anyone else?
I got in.
I can't get in WSE, Itheought you said WSJ. 
Doesn't sound like Doc had much time to spare to deal with WSE. We'll just have to hope his mother comes through the surgery okay.
LSS up 1.38
QUOTE(FeedFool @ May 1 2006, 07:58 AM)
QUOTE(Slappy @ May 1 2006, 09:45 AM)
QUOTE(FeedFool @ May 1 2006, 03:45 AM)
QUOTE
China uses 6.5 million barrels of oil a day and the US uses 20 plus million barrels a day. In a few years it displaced Japan as the world's number 2 users of oil. Its GDP is growing at 8-10% a year. It has a population of over 1.3 billion people and many of them are dumping their bicycles and buying cars. In less than 14 years its energy needs are projected to increase by over a 150%. In 4 years China is projected to have 90 times as many cars as it had in 1990 and by 2030 it is estimated that it will have more cars then the United States. The problem is that supplies of oil are not increasing; well that's what the media is saying at least and in the end that's all that matters, as the masses believe everything they are told.
In reality there are very huge supplies of heavy oil; the reserves in the Orinoco region of Venezuela are larger then those in Saudi Arabia but because it's heavy oil these reserves are not counted. In other words when the worlds reserves of oil are calculated heavy oil reserves are not taken into consideration.
---big guys want to generate panic and thus leave less time for the masses to think. When you are in a state of constant worry you cannot think or focus on anything. Pay careful attention to the news and you will see that almost all the time this trick is employed; it's a very good psychological ploy to make sure that the masses never see the light. To be able to think and see patterns you have to be relaxed and that's why we push the concept of cutting one's stress down so much. Once you cut your stress down and are relaxed you can see through this nonsense very easily. Every disaster can be prevented but none are and the reason is always the same "money".
It is for this reason that we have always stated that one should not panic no matter how bad things look because every disaster is nothing but opportunity knocking in disguise provided you are calm enough to see it. Eventually they will start to attack these heavy oil reserves but they will wait till the very last minute to do so and then it will take at least another 6-11 years for us to see the results. Again the reasons are simple money, money, money and more money.
----------------
Science has now proven that approx 95% of the universe is black (as in darkness). So that means only 5% is in the light so as to speak. This information alone should be enough to make one think. But lets go further it has been shown that humans on average use about 5-7% of their brain capacity and geniuses at most 15%. Hence it's safe to assume that the most advanced human being would only have knowledge of maybe 0.05% if not less of this 5% of the universe that is in the light.
Next the reason most people are afraid of the dark is because they fear the unknown, but if you fear the unknown then how can it ever become known. So in essence the fear is irrational, as it's based on pure hear say or superstitious beliefs, twisted religious beliefs etc. Now just with the above info a contrarian would say perhaps the darkness holds the secret, as 95% of the universe is black. How could you possibly learn anything by just studying 5% of what's out there; that the equivalent of some jackass reading one book on investing and assuming he is the worlds best investor.
Lets dig even deeper and use knowledge that is available to anyone that might want to dig deeper. An object gets its colour by absorbing all the other colours except the colour it reflects so a blue object is blue because it absorbs all the other colours except blue. Taking this one step further we could actually say that the darkness is the path of light simply because it absorbs all the light and reflects black and the light is actually darkness because it absorbs all the black and reflects just the light.
If something is absorbing light then one would have a better chance of finding the answer there then something that is absorbing darkness only.
http://www.safehaven.com/article-5055.htm
In reality there are very huge supplies of heavy oil; the reserves in the Orinoco region of Venezuela are larger then those in Saudi Arabia but because it's heavy oil these reserves are not counted. In other words when the worlds reserves of oil are calculated heavy oil reserves are not taken into consideration.
---big guys want to generate panic and thus leave less time for the masses to think. When you are in a state of constant worry you cannot think or focus on anything. Pay careful attention to the news and you will see that almost all the time this trick is employed; it's a very good psychological ploy to make sure that the masses never see the light. To be able to think and see patterns you have to be relaxed and that's why we push the concept of cutting one's stress down so much. Once you cut your stress down and are relaxed you can see through this nonsense very easily. Every disaster can be prevented but none are and the reason is always the same "money".
It is for this reason that we have always stated that one should not panic no matter how bad things look because every disaster is nothing but opportunity knocking in disguise provided you are calm enough to see it. Eventually they will start to attack these heavy oil reserves but they will wait till the very last minute to do so and then it will take at least another 6-11 years for us to see the results. Again the reasons are simple money, money, money and more money.
----------------
Science has now proven that approx 95% of the universe is black (as in darkness). So that means only 5% is in the light so as to speak. This information alone should be enough to make one think. But lets go further it has been shown that humans on average use about 5-7% of their brain capacity and geniuses at most 15%. Hence it's safe to assume that the most advanced human being would only have knowledge of maybe 0.05% if not less of this 5% of the universe that is in the light.
Next the reason most people are afraid of the dark is because they fear the unknown, but if you fear the unknown then how can it ever become known. So in essence the fear is irrational, as it's based on pure hear say or superstitious beliefs, twisted religious beliefs etc. Now just with the above info a contrarian would say perhaps the darkness holds the secret, as 95% of the universe is black. How could you possibly learn anything by just studying 5% of what's out there; that the equivalent of some jackass reading one book on investing and assuming he is the worlds best investor.
Lets dig even deeper and use knowledge that is available to anyone that might want to dig deeper. An object gets its colour by absorbing all the other colours except the colour it reflects so a blue object is blue because it absorbs all the other colours except blue. Taking this one step further we could actually say that the darkness is the path of light simply because it absorbs all the light and reflects black and the light is actually darkness because it absorbs all the black and reflects just the light.
If something is absorbing light then one would have a better chance of finding the answer there then something that is absorbing darkness only.
http://www.safehaven.com/article-5055.htm
There are competing theories in this area...
The Dark Sucker Theory...
I will have to do R&D, it could be fake
Just a few comments on the extra heavy oil in Venezuela (I worked 3.5 years as a reservoir engineers on the biggest project in "la faja del orinoco"... I guess it give me some credits
).Those oil accumulations are huge and are booked by Venezuela as reserves (unlike said in the above text). Venezuela actually uses those reserves and makes then valuable when it comes to define its share/quota as an OPEC member. However, I must admit that extra heavy oil is quite a work to be extracted and that Venezuela as a tendency , but which country does not (may be Norway, UK, US... you follow me
) to overestimate their accumulations (here may be a little, but after all oil industry is about uncertainty) and above all the recovery factor you could expect from those accumulations (whatever in cold production, what the current projects do and what Canada cannot apply for their tar sands except by mining, or in enhanced recovery involving thermal which is costly... but what the heck with the current barrel price). There are 2 purposes to the overestimation of the recovery factors: it makes further projects more valuable on the paper for future bidders (and therefore more money for Venezuela as well as more expectations from / pressure on the bidders once they start to produce) and the reserves of oil of Venezuela higher (more power at the geopolitical level). Last point, recovery factors are always hard to assess without past experience and post mortem, which is impossible here since those extra-heavy oil projects just started...By the way, to make things clearer, I have more confidence in the oil accumulations declared by Venezuela than the reserves announced by Saudi Arabia...
Two last comments:
- when I read the text above and see untrue things it always make me wonder how much BS we digest everyday on things we do not really know and how much be trust pseudo declared initiated people who seemed to know because they stuff their articles with elements we do not have access to or we would not dare to mention without fully understanding/checking them.
- I travelled on orinoco river and delta. It is truly amazing and it is one of the numerous natural jewels of Venezuela.
Hope I was not too long and boring and that my english was readable
.
Thanks, Hugo.
Good morning,
Is anyone else here lookin at IVAN?
Is anyone else here lookin at IVAN?
Is anyone here having trouble getting quotes for the HGX and BKX this morning?
10YR @ 5.13%
And Benny Boy is gonna pause?
Yeah right!
And Benny Boy is gonna pause?
Yeah right!
QUOTE(Hugo Bo$$2 @ May 1 2006, 07:13 AM)
QUOTE(FeedFool @ May 1 2006, 07:58 AM)
QUOTE(Slappy @ May 1 2006, 09:45 AM)
QUOTE(FeedFool @ May 1 2006, 03:45 AM)
QUOTE
China uses 6.5 million barrels of oil a day and the US uses 20 plus million barrels a day. In a few years it displaced Japan as the world's number 2 users of oil. Its GDP is growing at 8-10% a year. It has a population of over 1.3 billion people and many of them are dumping their bicycles and buying cars. In less than 14 years its energy needs are projected to increase by over a 150%. In 4 years China is projected to have 90 times as many cars as it had in 1990 and by 2030 it is estimated that it will have more cars then the United States. The problem is that supplies of oil are not increasing; well that's what the media is saying at least and in the end that's all that matters, as the masses believe everything they are told.
In reality there are very huge supplies of heavy oil; the reserves in the Orinoco region of Venezuela are larger then those in Saudi Arabia but because it's heavy oil these reserves are not counted. In other words when the worlds reserves of oil are calculated heavy oil reserves are not taken into consideration.
---big guys want to generate panic and thus leave less time for the masses to think. When you are in a state of constant worry you cannot think or focus on anything. Pay careful attention to the news and you will see that almost all the time this trick is employed; it's a very good psychological ploy to make sure that the masses never see the light. To be able to think and see patterns you have to be relaxed and that's why we push the concept of cutting one's stress down so much. Once you cut your stress down and are relaxed you can see through this nonsense very easily. Every disaster can be prevented but none are and the reason is always the same "money".
It is for this reason that we have always stated that one should not panic no matter how bad things look because every disaster is nothing but opportunity knocking in disguise provided you are calm enough to see it. Eventually they will start to attack these heavy oil reserves but they will wait till the very last minute to do so and then it will take at least another 6-11 years for us to see the results. Again the reasons are simple money, money, money and more money.
----------------
Science has now proven that approx 95% of the universe is black (as in darkness). So that means only 5% is in the light so as to speak. This information alone should be enough to make one think. But lets go further it has been shown that humans on average use about 5-7% of their brain capacity and geniuses at most 15%. Hence it's safe to assume that the most advanced human being would only have knowledge of maybe 0.05% if not less of this 5% of the universe that is in the light.
Next the reason most people are afraid of the dark is because they fear the unknown, but if you fear the unknown then how can it ever become known. So in essence the fear is irrational, as it's based on pure hear say or superstitious beliefs, twisted religious beliefs etc. Now just with the above info a contrarian would say perhaps the darkness holds the secret, as 95% of the universe is black. How could you possibly learn anything by just studying 5% of what's out there; that the equivalent of some jackass reading one book on investing and assuming he is the worlds best investor.
Lets dig even deeper and use knowledge that is available to anyone that might want to dig deeper. An object gets its colour by absorbing all the other colours except the colour it reflects so a blue object is blue because it absorbs all the other colours except blue. Taking this one step further we could actually say that the darkness is the path of light simply because it absorbs all the light and reflects black and the light is actually darkness because it absorbs all the black and reflects just the light.
If something is absorbing light then one would have a better chance of finding the answer there then something that is absorbing darkness only.
http://www.safehaven.com/article-5055.htm
In reality there are very huge supplies of heavy oil; the reserves in the Orinoco region of Venezuela are larger then those in Saudi Arabia but because it's heavy oil these reserves are not counted. In other words when the worlds reserves of oil are calculated heavy oil reserves are not taken into consideration.
---big guys want to generate panic and thus leave less time for the masses to think. When you are in a state of constant worry you cannot think or focus on anything. Pay careful attention to the news and you will see that almost all the time this trick is employed; it's a very good psychological ploy to make sure that the masses never see the light. To be able to think and see patterns you have to be relaxed and that's why we push the concept of cutting one's stress down so much. Once you cut your stress down and are relaxed you can see through this nonsense very easily. Every disaster can be prevented but none are and the reason is always the same "money".
It is for this reason that we have always stated that one should not panic no matter how bad things look because every disaster is nothing but opportunity knocking in disguise provided you are calm enough to see it. Eventually they will start to attack these heavy oil reserves but they will wait till the very last minute to do so and then it will take at least another 6-11 years for us to see the results. Again the reasons are simple money, money, money and more money.
----------------
Science has now proven that approx 95% of the universe is black (as in darkness). So that means only 5% is in the light so as to speak. This information alone should be enough to make one think. But lets go further it has been shown that humans on average use about 5-7% of their brain capacity and geniuses at most 15%. Hence it's safe to assume that the most advanced human being would only have knowledge of maybe 0.05% if not less of this 5% of the universe that is in the light.
Next the reason most people are afraid of the dark is because they fear the unknown, but if you fear the unknown then how can it ever become known. So in essence the fear is irrational, as it's based on pure hear say or superstitious beliefs, twisted religious beliefs etc. Now just with the above info a contrarian would say perhaps the darkness holds the secret, as 95% of the universe is black. How could you possibly learn anything by just studying 5% of what's out there; that the equivalent of some jackass reading one book on investing and assuming he is the worlds best investor.
Lets dig even deeper and use knowledge that is available to anyone that might want to dig deeper. An object gets its colour by absorbing all the other colours except the colour it reflects so a blue object is blue because it absorbs all the other colours except blue. Taking this one step further we could actually say that the darkness is the path of light simply because it absorbs all the light and reflects black and the light is actually darkness because it absorbs all the black and reflects just the light.
If something is absorbing light then one would have a better chance of finding the answer there then something that is absorbing darkness only.
http://www.safehaven.com/article-5055.htm
There are competing theories in this area...
The Dark Sucker Theory...
I will have to do R&D, it could be fake
Just a few comments on the extra heavy oil in Venezuela (I worked 3.5 years as a reservoir engineers on the biggest project in "la faja del orinoco"... I guess it give me some credits
).Those oil accumulations are huge and are booked by Venezuela as reserves (unlike said in the above text). Venezuela actually uses those reserves and makes then valuable when it comes to define its share/quota as an OPEC member. However, I must admit that extra heavy oil is quite a work to be extracted and that Venezuela as a tendency , but which country does not (may be Norway, UK, US... you follow me
) to overestimate their accumulations (here may be a little, but after all oil industry is about uncertainty) and above all the recovery factor you could expect from those accumulations (whatever in cold production, what the current projects do and what Canada cannot apply for their tar sands except by mining, or in enhanced recovery involving thermal which is costly... but what the heck with the current barrel price). There are 2 purposes to the overestimation of the recovery factors: it makes further projects more valuable on the paper for future bidders (and therefore more money for Venezuela as well as more expectations from / pressure on the bidders once they start to produce) and the reserves of oil of Venezuela higher (more power at the geopolitical level). Last point, recovery factors are always hard to assess without past experience and post mortem, which is impossible here since those extra-heavy oil projects just started...By the way, to make things clearer, I have more confidence in the oil accumulations declared by Venezuela than the reserves announced by Saudi Arabia...
Two last comments:
- when I read the text above and see untrue things it always make me wonder how much BS we digest everyday on things we do not really know and how much be trust pseudo declared initiated people who seemed to know because they stuff their articles with elements we do not have access to or we would not dare to mention without fully understanding/checking them.
- I travelled on orinoco river and delta. It is truly amazing and it is one of the numerous natural jewels of Venezuela.
Hope I was not too long and boring and that my english was readable
.Salamat Pagi, Hugo. Or for you, Salamat Malam. Your English is fine and far better than our Indonesian.
Thanks for your comments.
LSS up 2.29.
FNM down .96
GM down .29
TOL down .69
Hmm.
FNM down .96
GM down .29
TOL down .69
Hmm.
QUOTE(Speakeasy @ May 1 2006, 09:37 AM)
QUOTE(Hugo Bo$$2 @ May 1 2006, 07:13 AM)
QUOTE(FeedFool @ May 1 2006, 07:58 AM)
QUOTE(Slappy @ May 1 2006, 09:45 AM)
QUOTE(FeedFool @ May 1 2006, 03:45 AM)
QUOTE
China uses 6.5 million barrels of oil a day and the US uses 20 plus million barrels a day. In a few years it displaced Japan as the world's number 2 users of oil. Its GDP is growing at 8-10% a year. It has a population of over 1.3 billion people and many of them are dumping their bicycles and buying cars. In less than 14 years its energy needs are projected to increase by over a 150%. In 4 years China is projected to have 90 times as many cars as it had in 1990 and by 2030 it is estimated that it will have more cars then the United States. The problem is that supplies of oil are not increasing; well that's what the media is saying at least and in the end that's all that matters, as the masses believe everything they are told.
In reality there are very huge supplies of heavy oil; the reserves in the Orinoco region of Venezuela are larger then those in Saudi Arabia but because it's heavy oil these reserves are not counted. In other words when the worlds reserves of oil are calculated heavy oil reserves are not taken into consideration.
---big guys want to generate panic and thus leave less time for the masses to think. When you are in a state of constant worry you cannot think or focus on anything. Pay careful attention to the news and you will see that almost all the time this trick is employed; it's a very good psychological ploy to make sure that the masses never see the light. To be able to think and see patterns you have to be relaxed and that's why we push the concept of cutting one's stress down so much. Once you cut your stress down and are relaxed you can see through this nonsense very easily. Every disaster can be prevented but none are and the reason is always the same "money".
It is for this reason that we have always stated that one should not panic no matter how bad things look because every disaster is nothing but opportunity knocking in disguise provided you are calm enough to see it. Eventually they will start to attack these heavy oil reserves but they will wait till the very last minute to do so and then it will take at least another 6-11 years for us to see the results. Again the reasons are simple money, money, money and more money.
----------------
Science has now proven that approx 95% of the universe is black (as in darkness). So that means only 5% is in the light so as to speak. This information alone should be enough to make one think. But lets go further it has been shown that humans on average use about 5-7% of their brain capacity and geniuses at most 15%. Hence it's safe to assume that the most advanced human being would only have knowledge of maybe 0.05% if not less of this 5% of the universe that is in the light.
Next the reason most people are afraid of the dark is because they fear the unknown, but if you fear the unknown then how can it ever become known. So in essence the fear is irrational, as it's based on pure hear say or superstitious beliefs, twisted religious beliefs etc. Now just with the above info a contrarian would say perhaps the darkness holds the secret, as 95% of the universe is black. How could you possibly learn anything by just studying 5% of what's out there; that the equivalent of some jackass reading one book on investing and assuming he is the worlds best investor.
Lets dig even deeper and use knowledge that is available to anyone that might want to dig deeper. An object gets its colour by absorbing all the other colours except the colour it reflects so a blue object is blue because it absorbs all the other colours except blue. Taking this one step further we could actually say that the darkness is the path of light simply because it absorbs all the light and reflects black and the light is actually darkness because it absorbs all the black and reflects just the light.
If something is absorbing light then one would have a better chance of finding the answer there then something that is absorbing darkness only.
http://www.safehaven.com/article-5055.htm
In reality there are very huge supplies of heavy oil; the reserves in the Orinoco region of Venezuela are larger then those in Saudi Arabia but because it's heavy oil these reserves are not counted. In other words when the worlds reserves of oil are calculated heavy oil reserves are not taken into consideration.
---big guys want to generate panic and thus leave less time for the masses to think. When you are in a state of constant worry you cannot think or focus on anything. Pay careful attention to the news and you will see that almost all the time this trick is employed; it's a very good psychological ploy to make sure that the masses never see the light. To be able to think and see patterns you have to be relaxed and that's why we push the concept of cutting one's stress down so much. Once you cut your stress down and are relaxed you can see through this nonsense very easily. Every disaster can be prevented but none are and the reason is always the same "money".
It is for this reason that we have always stated that one should not panic no matter how bad things look because every disaster is nothing but opportunity knocking in disguise provided you are calm enough to see it. Eventually they will start to attack these heavy oil reserves but they will wait till the very last minute to do so and then it will take at least another 6-11 years for us to see the results. Again the reasons are simple money, money, money and more money.
----------------
Science has now proven that approx 95% of the universe is black (as in darkness). So that means only 5% is in the light so as to speak. This information alone should be enough to make one think. But lets go further it has been shown that humans on average use about 5-7% of their brain capacity and geniuses at most 15%. Hence it's safe to assume that the most advanced human being would only have knowledge of maybe 0.05% if not less of this 5% of the universe that is in the light.
Next the reason most people are afraid of the dark is because they fear the unknown, but if you fear the unknown then how can it ever become known. So in essence the fear is irrational, as it's based on pure hear say or superstitious beliefs, twisted religious beliefs etc. Now just with the above info a contrarian would say perhaps the darkness holds the secret, as 95% of the universe is black. How could you possibly learn anything by just studying 5% of what's out there; that the equivalent of some jackass reading one book on investing and assuming he is the worlds best investor.
Lets dig even deeper and use knowledge that is available to anyone that might want to dig deeper. An object gets its colour by absorbing all the other colours except the colour it reflects so a blue object is blue because it absorbs all the other colours except blue. Taking this one step further we could actually say that the darkness is the path of light simply because it absorbs all the light and reflects black and the light is actually darkness because it absorbs all the black and reflects just the light.
If something is absorbing light then one would have a better chance of finding the answer there then something that is absorbing darkness only.
http://www.safehaven.com/article-5055.htm
There are competing theories in this area...
The Dark Sucker Theory...
I will have to do R&D, it could be fake
Just a few comments on the extra heavy oil in Venezuela (I worked 3.5 years as a reservoir engineers on the biggest project in "la faja del orinoco"... I guess it give me some credits
).Those oil accumulations are huge and are booked by Venezuela as reserves (unlike said in the above text). Venezuela actually uses those reserves and makes then valuable when it comes to define its share/quota as an OPEC member. However, I must admit that extra heavy oil is quite a work to be extracted and that Venezuela as a tendency , but which country does not (may be Norway, UK, US... you follow me
) to overestimate their accumulations (here may be a little, but after all oil industry is about uncertainty) and above all the recovery factor you could expect from those accumulations (whatever in cold production, what the current projects do and what Canada cannot apply for their tar sands except by mining, or in enhanced recovery involving thermal which is costly... but what the heck with the current barrel price). There are 2 purposes to the overestimation of the recovery factors: it makes further projects more valuable on the paper for future bidders (and therefore more money for Venezuela as well as more expectations from / pressure on the bidders once they start to produce) and the reserves of oil of Venezuela higher (more power at the geopolitical level). Last point, recovery factors are always hard to assess without past experience and post mortem, which is impossible here since those extra-heavy oil projects just started...By the way, to make things clearer, I have more confidence in the oil accumulations declared by Venezuela than the reserves announced by Saudi Arabia...
Two last comments:
- when I read the text above and see untrue things it always make me wonder how much BS we digest everyday on things we do not really know and how much be trust pseudo declared initiated people who seemed to know because they stuff their articles with elements we do not have access to or we would not dare to mention without fully understanding/checking them.
- I travelled on orinoco river and delta. It is truly amazing and it is one of the numerous natural jewels of Venezuela.
Hope I was not too long and boring and that my english was readable
.Salamat Pagi, Hugo. Or for you, Salamat Malam. Your English is fine and far better than our Indonesian.
Thanks for your comments.Hi speakeasy,
I can discern a certain Indonesian experience in your reply. However, my concern about my english comes from the fact I'm french
Indonesia is just my new assignment (from Venezuela to Indonesia and from Extra Heavy Oil to Nat Gas... big changes). But you are right it is night for me (Malam in Malay/Indonesia).
For those who enjoy travel, South East Asia and Golf, try The Datai in Langkawi, Malaysia. Already 2 days there: very nice place to stay (worth Koh Samiu in Thailand or Bali).
Everything running according to plan....
Gold keeps goin higher.
CDY keeps scraping bottom.
HHmmm
CDY keeps scraping bottom.
HHmmm
Stock Trader Almanac shows that first trading day of month is generally bullish, particularly for the Dow. On avg, the Dow is green on the first day of each month historically except for August.
The best "first day of month" for the Dow is May and by nearly a 2-to-1 margin over any other month. In fact, the Dow usually gains, on avg, more on the first day of May than on the rest of the days in May combined.
So any strength that holds today should not be taken as an indication of things to come necessarily. FWIW.
The best "first day of month" for the Dow is May and by nearly a 2-to-1 margin over any other month. In fact, the Dow usually gains, on avg, more on the first day of May than on the rest of the days in May combined.
So any strength that holds today should not be taken as an indication of things to come necessarily. FWIW.
Hip Hop Clothing
Wow......
Oh, the horror of seeing your "Superstar" status slipping away....
Are the PigMen losing their touch???
Interesting chart showing that the commercials are heavily short crude right now. The hedgers tend to get shorter as the price goes higher, so this is not unusual. However, given the positioning of the commercials, it's likely that a near-term crude top (0-4 weeks) is nigh.
The oil/energy stocks and the underlying commode don't necessarily move together. But in past crude selloffs over the past few years, the stocks have sold off in sympathy, though they have usually bottomed ahead of crude itself.
If past is prologue, the energy stock group is closer to a near-term top than a bottom and a selloff shouldn't be too far away. My guess that, if the energy complex sells off, we might see a broader commode selloff as well, not to mention a selloff in the foreign exotica that tracks commodes (Canada, Oz, Russia, Brazil, etc).
The oil/energy stocks and the underlying commode don't necessarily move together. But in past crude selloffs over the past few years, the stocks have sold off in sympathy, though they have usually bottomed ahead of crude itself.
If past is prologue, the energy stock group is closer to a near-term top than a bottom and a selloff shouldn't be too far away. My guess that, if the energy complex sells off, we might see a broader commode selloff as well, not to mention a selloff in the foreign exotica that tracks commodes (Canada, Oz, Russia, Brazil, etc).
All broker/dealers and exchanges are under pressure.
CBOT in meltdown mode
CBOT in meltdown mode
Latin America boning to new, all-time, lifetime highs.
QUOTE(dmm742 @ May 1 2006, 07:58 AM)
Interesting chart showing that the commercials are heavily short crude right now. The hedgers tend to get shorter as the price goes higher, so this is not unusual. However, given the positioning of the commercials, it's likely that a near-term crude top (0-4 weeks) is nigh.
The oil/energy stocks and the underlying commode don't necessarily move together. But in past crude selloffs over the past few years, the stocks have sold off in sympathy, though they have usually bottomed ahead of crude itself.
If past is prologue, the energy stock group is closer to a near-term top than a bottom and a selloff shouldn't be too far away. My guess that, if the energy complex sells off, we might see a broader commode selloff as well, not to mention a selloff in the foreign exotica that tracks commodes (Canada, Oz, Russia, Brazil, etc).
The oil/energy stocks and the underlying commode don't necessarily move together. But in past crude selloffs over the past few years, the stocks have sold off in sympathy, though they have usually bottomed ahead of crude itself.
If past is prologue, the energy stock group is closer to a near-term top than a bottom and a selloff shouldn't be too far away. My guess that, if the energy complex sells off, we might see a broader commode selloff as well, not to mention a selloff in the foreign exotica that tracks commodes (Canada, Oz, Russia, Brazil, etc).
I wonder if the Loonie will make it to parity with bucky.
Here's what happens when 9000 HedgeFunds are all gaming one of the top 100 IBD Mo-Mo Queens.
PigMen are having a field day.
PigMen are having a field day.
QUOTE(wndysrf @ May 1 2006, 07:56 AM)
Are the PigMen losing their touch???
I missed the boat on LM this time. Posted last week that LM was ripe for a plunge, but was hoping for a rally back to 130-131 for a low-risk entry. Instead the stock tanked.
Obvious straight-line support right now is 110-111. If that doesn't hold, back to 99-100. The violation of the 118 level is very bearish given that LM defended that level for over a month back in Nov-Dec before scampering up the the 139 Feb top.
If 99-100 breaks, next support is not til 84 and then 72-74. As Shorty says, now wouldn't that be sumpthin'?
NTO is breaking out to new highs...
QUOTE(Drano @ May 1 2006, 09:00 AM)
LSS up 1.38
It looks like classic PIGMAN forensics. They took it down hard over the weekend and the big reverse on Monday. I am up 1.5% right now and another 4dol to the gap and it is back to tracking the OIH.
Maybe a screwup and moveup It is like Mark said, buy the dips, although there was enough of a move down to scalp a short trade. These PIGMEN don't miss a trick. 
Interesting that the etfs tracking the show averages (SPY, IWM, etc) are all red yet right now the SPX is up 3 and the RUT up 1. Usually they track 1-1. Odd.
QUOTE(Hugo Bo$$2 @ May 1 2006, 09:13 AM)
QUOTE(FeedFool @ May 1 2006, 07:58 AM)
QUOTE(Slappy @ May 1 2006, 09:45 AM)
QUOTE(FeedFool @ May 1 2006, 03:45 AM)
QUOTE
China uses 6.5 million barrels of oil a day and the US uses 20 plus million barrels a day. In a few years it displaced Japan as the world's number 2 users of oil. Its GDP is growing at 8-10% a year. It has a population of over 1.3 billion people and many of them are dumping their bicycles and buying cars. In less than 14 years its energy needs are projected to increase by over a 150%. In 4 years China is projected to have 90 times as many cars as it had in 1990 and by 2030 it is estimated that it will have more cars then the United States. The problem is that supplies of oil are not increasing; well that's what the media is saying at least and in the end that's all that matters, as the masses believe everything they are told.
In reality there are very huge supplies of heavy oil; the reserves in the Orinoco region of Venezuela are larger then those in Saudi Arabia but because it's heavy oil these reserves are not counted. In other words when the worlds reserves of oil are calculated heavy oil reserves are not taken into consideration.
---big guys want to generate panic and thus leave less time for the masses to think. When you are in a state of constant worry you cannot think or focus on anything. Pay careful attention to the news and you will see that almost all the time this trick is employed; it's a very good psychological ploy to make sure that the masses never see the light. To be able to think and see patterns you have to be relaxed and that's why we push the concept of cutting one's stress down so much. Once you cut your stress down and are relaxed you can see through this nonsense very easily. Every disaster can be prevented but none are and the reason is always the same "money".
It is for this reason that we have always stated that one should not panic no matter how bad things look because every disaster is nothing but opportunity knocking in disguise provided you are calm enough to see it. Eventually they will start to attack these heavy oil reserves but they will wait till the very last minute to do so and then it will take at least another 6-11 years for us to see the results. Again the reasons are simple money, money, money and more money.
----------------
Science has now proven that approx 95% of the universe is black (as in darkness). So that means only 5% is in the light so as to speak. This information alone should be enough to make one think. But lets go further it has been shown that humans on average use about 5-7% of their brain capacity and geniuses at most 15%. Hence it's safe to assume that the most advanced human being would only have knowledge of maybe 0.05% if not less of this 5% of the universe that is in the light.
Next the reason most people are afraid of the dark is because they fear the unknown, but if you fear the unknown then how can it ever become known. So in essence the fear is irrational, as it's based on pure hear say or superstitious beliefs, twisted religious beliefs etc. Now just with the above info a contrarian would say perhaps the darkness holds the secret, as 95% of the universe is black. How could you possibly learn anything by just studying 5% of what's out there; that the equivalent of some jackass reading one book on investing and assuming he is the worlds best investor.
Lets dig even deeper and use knowledge that is available to anyone that might want to dig deeper. An object gets its colour by absorbing all the other colours except the colour it reflects so a blue object is blue because it absorbs all the other colours except blue. Taking this one step further we could actually say that the darkness is the path of light simply because it absorbs all the light and reflects black and the light is actually darkness because it absorbs all the black and reflects just the light.
If something is absorbing light then one would have a better chance of finding the answer there then something that is absorbing darkness only.
http://www.safehaven.com/article-5055.htm
In reality there are very huge supplies of heavy oil; the reserves in the Orinoco region of Venezuela are larger then those in Saudi Arabia but because it's heavy oil these reserves are not counted. In other words when the worlds reserves of oil are calculated heavy oil reserves are not taken into consideration.
---big guys want to generate panic and thus leave less time for the masses to think. When you are in a state of constant worry you cannot think or focus on anything. Pay careful attention to the news and you will see that almost all the time this trick is employed; it's a very good psychological ploy to make sure that the masses never see the light. To be able to think and see patterns you have to be relaxed and that's why we push the concept of cutting one's stress down so much. Once you cut your stress down and are relaxed you can see through this nonsense very easily. Every disaster can be prevented but none are and the reason is always the same "money".
It is for this reason that we have always stated that one should not panic no matter how bad things look because every disaster is nothing but opportunity knocking in disguise provided you are calm enough to see it. Eventually they will start to attack these heavy oil reserves but they will wait till the very last minute to do so and then it will take at least another 6-11 years for us to see the results. Again the reasons are simple money, money, money and more money.
----------------
Science has now proven that approx 95% of the universe is black (as in darkness). So that means only 5% is in the light so as to speak. This information alone should be enough to make one think. But lets go further it has been shown that humans on average use about 5-7% of their brain capacity and geniuses at most 15%. Hence it's safe to assume that the most advanced human being would only have knowledge of maybe 0.05% if not less of this 5% of the universe that is in the light.
Next the reason most people are afraid of the dark is because they fear the unknown, but if you fear the unknown then how can it ever become known. So in essence the fear is irrational, as it's based on pure hear say or superstitious beliefs, twisted religious beliefs etc. Now just with the above info a contrarian would say perhaps the darkness holds the secret, as 95% of the universe is black. How could you possibly learn anything by just studying 5% of what's out there; that the equivalent of some jackass reading one book on investing and assuming he is the worlds best investor.
Lets dig even deeper and use knowledge that is available to anyone that might want to dig deeper. An object gets its colour by absorbing all the other colours except the colour it reflects so a blue object is blue because it absorbs all the other colours except blue. Taking this one step further we could actually say that the darkness is the path of light simply because it absorbs all the light and reflects black and the light is actually darkness because it absorbs all the black and reflects just the light.
If something is absorbing light then one would have a better chance of finding the answer there then something that is absorbing darkness only.
http://www.safehaven.com/article-5055.htm
There are competing theories in this area...
The Dark Sucker Theory...
I will have to do R&D, it could be fake
Just a few comments on the extra heavy oil in Venezuela (I worked 3.5 years as a reservoir engineers on the biggest project in "la faja del orinoco"... I guess it give me some credits
).Those oil accumulations are huge and are booked by Venezuela as reserves (unlike said in the above text). Venezuela actually uses those reserves and makes then valuable when it comes to define its share/quota as an OPEC member. However, I must admit that extra heavy oil is quite a work to be extracted and that Venezuela as a tendency , but which country does not (may be Norway, UK, US... you follow me
) to overestimate their accumulations (here may be a little, but after all oil industry is about uncertainty) and above all the recovery factor you could expect from those accumulations (whatever in cold production, what the current projects do and what Canada cannot apply for their tar sands except by mining, or in enhanced recovery involving thermal which is costly... but what the heck with the current barrel price). There are 2 purposes to the overestimation of the recovery factors: it makes further projects more valuable on the paper for future bidders (and therefore more money for Venezuela as well as more expectations from / pressure on the bidders once they start to produce) and the reserves of oil of Venezuela higher (more power at the geopolitical level). Last point, recovery factors are always hard to assess without past experience and post mortem, which is impossible here since those extra-heavy oil projects just started...By the way, to make things clearer, I have more confidence in the oil accumulations declared by Venezuela than the reserves announced by Saudi Arabia...
Two last comments:
- when I read the text above and see untrue things it always make me wonder how much BS we digest everyday on things we do not really know and how much be trust pseudo declared initiated people who seemed to know because they stuff their articles with elements we do not have access to or we would not dare to mention without fully understanding/checking them.
- I travelled on orinoco river and delta. It is truly amazing and it is one of the numerous natural jewels of Venezuela.
Hope I was not too long and boring and that my english was readable
.Thanks, your English is excellent. I hope you will contribute more.It is amazing to me that we have so much knowledge available here.
Sumpin's wrong with FNM.
Or to be more accurate, something's more correct in the way it's trading... down.
Or to be more accurate, something's more correct in the way it's trading... down.
Long IVAN @2.89.
CC isn't looking so healthy today, especially as compared to BBY which is up (not to mention being 100 times better store)
DMM: They jammed the futures after cash closed on Friday.
Banks are not backing off.........
QUOTE(Hugo Bo$$2 @ May 1 2006, 09:13 AM)
QUOTE(FeedFool @ May 1 2006, 07:58 AM)
QUOTE(Slappy @ May 1 2006, 09:45 AM)
QUOTE(FeedFool @ May 1 2006, 03:45 AM)
QUOTE
China uses 6.5 million barrels of oil a day and the US uses 20 plus million barrels a day. In a few years it displaced Japan as the world's number 2 users of oil. Its GDP is growing at 8-10% a year. It has a population of over 1.3 billion people and many of them are dumping their bicycles and buying cars. In less than 14 years its energy needs are projected to increase by over a 150%. In 4 years China is projected to have 90 times as many cars as it had in 1990 and by 2030 it is estimated that it will have more cars then the United States. The problem is that supplies of oil are not increasing; well that's what the media is saying at least and in the end that's all that matters, as the masses believe everything they are told.
In reality there are very huge supplies of heavy oil; the reserves in the Orinoco region of Venezuela are larger then those in Saudi Arabia but because it's heavy oil these reserves are not counted. In other words when the worlds reserves of oil are calculated heavy oil reserves are not taken into consideration.
---big guys want to generate panic and thus leave less time for the masses to think. When you are in a state of constant worry you cannot think or focus on anything. Pay careful attention to the news and you will see that almost all the time this trick is employed; it's a very good psychological ploy to make sure that the masses never see the light. To be able to think and see patterns you have to be relaxed and that's why we push the concept of cutting one's stress down so much. Once you cut your stress down and are relaxed you can see through this nonsense very easily. Every disaster can be prevented but none are and the reason is always the same "money".
It is for this reason that we have always stated that one should not panic no matter how bad things look because every disaster is nothing but opportunity knocking in disguise provided you are calm enough to see it. Eventually they will start to attack these heavy oil reserves but they will wait till the very last minute to do so and then it will take at least another 6-11 years for us to see the results. Again the reasons are simple money, money, money and more money.
----------------
Science has now proven that approx 95% of the universe is black (as in darkness). So that means only 5% is in the light so as to speak. This information alone should be enough to make one think. But lets go further it has been shown that humans on average use about 5-7% of their brain capacity and geniuses at most 15%. Hence it's safe to assume that the most advanced human being would only have knowledge of maybe 0.05% if not less of this 5% of the universe that is in the light.
Next the reason most people are afraid of the dark is because they fear the unknown, but if you fear the unknown then how can it ever become known. So in essence the fear is irrational, as it's based on pure hear say or superstitious beliefs, twisted religious beliefs etc. Now just with the above info a contrarian would say perhaps the darkness holds the secret, as 95% of the universe is black. How could you possibly learn anything by just studying 5% of what's out there; that the equivalent of some jackass reading one book on investing and assuming he is the worlds best investor.
Lets dig even deeper and use knowledge that is available to anyone that might want to dig deeper. An object gets its colour by absorbing all the other colours except the colour it reflects so a blue object is blue because it absorbs all the other colours except blue. Taking this one step further we could actually say that the darkness is the path of light simply because it absorbs all the light and reflects black and the light is actually darkness because it absorbs all the black and reflects just the light.
If something is absorbing light then one would have a better chance of finding the answer there then something that is absorbing darkness only.
http://www.safehaven.com/article-5055.htm
In reality there are very huge supplies of heavy oil; the reserves in the Orinoco region of Venezuela are larger then those in Saudi Arabia but because it's heavy oil these reserves are not counted. In other words when the worlds reserves of oil are calculated heavy oil reserves are not taken into consideration.
---big guys want to generate panic and thus leave less time for the masses to think. When you are in a state of constant worry you cannot think or focus on anything. Pay careful attention to the news and you will see that almost all the time this trick is employed; it's a very good psychological ploy to make sure that the masses never see the light. To be able to think and see patterns you have to be relaxed and that's why we push the concept of cutting one's stress down so much. Once you cut your stress down and are relaxed you can see through this nonsense very easily. Every disaster can be prevented but none are and the reason is always the same "money".
It is for this reason that we have always stated that one should not panic no matter how bad things look because every disaster is nothing but opportunity knocking in disguise provided you are calm enough to see it. Eventually they will start to attack these heavy oil reserves but they will wait till the very last minute to do so and then it will take at least another 6-11 years for us to see the results. Again the reasons are simple money, money, money and more money.
----------------
Science has now proven that approx 95% of the universe is black (as in darkness). So that means only 5% is in the light so as to speak. This information alone should be enough to make one think. But lets go further it has been shown that humans on average use about 5-7% of their brain capacity and geniuses at most 15%. Hence it's safe to assume that the most advanced human being would only have knowledge of maybe 0.05% if not less of this 5% of the universe that is in the light.
Next the reason most people are afraid of the dark is because they fear the unknown, but if you fear the unknown then how can it ever become known. So in essence the fear is irrational, as it's based on pure hear say or superstitious beliefs, twisted religious beliefs etc. Now just with the above info a contrarian would say perhaps the darkness holds the secret, as 95% of the universe is black. How could you possibly learn anything by just studying 5% of what's out there; that the equivalent of some jackass reading one book on investing and assuming he is the worlds best investor.
Lets dig even deeper and use knowledge that is available to anyone that might want to dig deeper. An object gets its colour by absorbing all the other colours except the colour it reflects so a blue object is blue because it absorbs all the other colours except blue. Taking this one step further we could actually say that the darkness is the path of light simply because it absorbs all the light and reflects black and the light is actually darkness because it absorbs all the black and reflects just the light.
If something is absorbing light then one would have a better chance of finding the answer there then something that is absorbing darkness only.
http://www.safehaven.com/article-5055.htm
There are competing theories in this area...
The Dark Sucker Theory...
I will have to do R&D, it could be fake
Just a few comments on the extra heavy oil in Venezuela (I worked 3.5 years as a reservoir engineers on the biggest project in "la faja del orinoco"... I guess it give me some credits
).Those oil accumulations are huge and are booked by Venezuela as reserves (unlike said in the above text). Venezuela actually uses those reserves and makes then valuable when it comes to define its share/quota as an OPEC member. However, I must admit that extra heavy oil is quite a work to be extracted and that Venezuela as a tendency , but which country does not (may be Norway, UK, US... you follow me
) to overestimate their accumulations (here may be a little, but after all oil industry is about uncertainty) and above all the recovery factor you could expect from those accumulations (whatever in cold production, what the current projects do and what Canada cannot apply for their tar sands except by mining, or in enhanced recovery involving thermal which is costly... but what the heck with the current barrel price). There are 2 purposes to the overestimation of the recovery factors: it makes further projects more valuable on the paper for future bidders (and therefore more money for Venezuela as well as more expectations from / pressure on the bidders once they start to produce) and the reserves of oil of Venezuela higher (more power at the geopolitical level). Last point, recovery factors are always hard to assess without past experience and post mortem, which is impossible here since those extra-heavy oil projects just started...By the way, to make things clearer, I have more confidence in the oil accumulations declared by Venezuela than the reserves announced by Saudi Arabia...
Two last comments:
- when I read the text above and see untrue things it always make me wonder how much BS we digest everyday on things we do not really know and how much be trust pseudo declared initiated people who seemed to know because they stuff their articles with elements we do not have access to or we would not dare to mention without fully understanding/checking them.
- I travelled on orinoco river and delta. It is truly amazing and it is one of the numerous natural jewels of Venezuela.
Hope I was not too long and boring and that my english was readable
.Hugo, I see you are in Indonesia. Would you share with the stoolies your observations on oil, Indonesia, or the situation in Venezuela? Thanks
QUOTE(dogsie @ May 1 2006, 09:31 AM)
Is anyone here having trouble getting quotes for the HGX and BKX this morning?
Iam not getting a quote on Schwab, but the chart is coming
up. shows 254.41
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