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Old 10-28-2008, 06:25 PM   #221
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What exactly is a gizzard squeezer ?
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Old 10-28-2008, 06:30 PM   #222
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What exactly is a gizzard squeezer ?
Haruspicy is the inspection of the entrails of sacrificed animals, especially the livers of sacrificed sheep and poultry.

Haruspex - Wikipedia, the free encyclopedia
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Old 10-28-2008, 06:36 PM   #223
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OK I get it...

a gizzard squeezer is kind of like your mother-in-law.
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Old 10-28-2008, 06:38 PM   #224
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What exactly is a gizzard squeezer ?
It looks a lot like a lemon squeezer, but with shorter handles.

Actually it is the practice of haruspicy, divination through "...the inspection of the entrails of sacrificed animals, especially the livers of sacrificed sheep and poultry."

Edit: Cross posted with Khan. Should have known she'd be our gizzard squeezing expert...
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Old 10-28-2008, 07:46 PM   #225
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Today was a classic "bear Market" rally or perhaps better named a "suckers" rally. It is caused by short-sellers covering their short positions.Don't be fooled. The worst isn't over yet.
Undoubtedly! How else could you possibly explain a 13.6% gain in the retail sector when we're staring a huge drop in consumer spending in the face?! Weird.

Nothing rational about the market on a daily basis.
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Old 10-28-2008, 10:44 PM   #226
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In my view, this is no longer a market . . . it's a casino -- speculators are driving the market, not investors. I don't view this as a healthy sign. When we start climbing 50, 75, or maybe 100 points a day I will be much more impressed than I am with a 900 point spasm, triggered by gamblers betting that an expected rate cut is good for a temporary bounce. If "buy on the rumor, sell on the news" still has any validity, I wouldn't be surprised to see some spirited selling once the rate cut is actually announced. What continues to worry me is that the underlying cause of this mess is still humming along unabated, i.e., the price of houses is still falling and the American consumer is still tapped out. Until we turn the corner on housing, I can't help but feel than any rally will be difficult to sustain. Bottom Line: I'm looking for some news that firmly suggests that houses have bottomed out -- until then, I'll probably just sit on the sidelines and watch the high-rollers play out their hands.
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Old 10-29-2008, 10:36 AM   #227
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looking at the 5 day charts on Yahoo for the SP and they refresh every few minutes. looks like we are setting up a nice bearish divergence. i just hope we get one last push up to 970 or so on the SP 500 before it falls apart
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Old 11-12-2008, 06:55 PM   #228
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Anyone still think we've seen the bottom yet
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Old 11-12-2008, 07:09 PM   #229
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Anyone still think we've seen the bottom yet
Were a long way from zero.
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Old 11-12-2008, 07:10 PM   #230
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Were a long way from zero.
\


Hahah! thats the spirit. Because yes it can get worse and it might go to 0! But just think if it does. It wont go negative
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Old 11-12-2008, 08:27 PM   #231
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But it can't ever go to zero--the torture will just continue with 3 to 4 percent down every day, but mathematically zero won't ever get reached--it will just be Groundhog Day the Movie for the rest of our lives.
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Old 11-12-2008, 08:30 PM   #232
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Gag. I hadn't check for a few days. Sorry I peeked.
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Old 11-13-2008, 11:15 AM   #233
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Anyone still think we've seen the bottom yet
"This time it's really different!"
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Old 11-13-2008, 11:53 AM   #234
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I fear it really is different this time

Dow just went under the closing low on Oct. 10
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Old 11-13-2008, 12:00 PM   #235
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This thread is really getting LONG. A sad sign of the times.
At least I have my health.

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Old 11-13-2008, 12:08 PM   #236
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It's Zeno's paradox for stocks. At 3-5% a day, you never reach zero, but that's only if the percentages stay at 3-5% and don't go up. Those looking for total, classic capitulation haven't seen it yet, you know.

My head tells me anything can happen, but my gut says that the recent lows are roughly the bottom. We may pierce them, but not by far. Bad news at an "end of the world" level has been priced into every sector and every country. Nothing has been spared, leaving no more huge shocks left. Valuations are at reasonable levels by almost any measure. Things will improve given time.
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Old 11-13-2008, 12:35 PM   #237
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I read an article (I don't recall where) that spoke to calling a market bottom and it has stuck with me. It goes like this: "You know you have hit a market bottom when NO ONE is interested in stocks anymore." So (based upon that remark) either this group is an exception or we are not yet near a bottom.
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Old 11-13-2008, 12:38 PM   #238
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I'm thinking we are heading toward a much worse than 74, but much better than the great depression scenario. I'm thinking the bottom of the S&P will be about 800 for this year. Next year the low will be 700. And the following year the low will be 600. After that we'll be stating the slow climb up.
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Old 11-13-2008, 12:43 PM   #239
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It's Zeno's paradox for stocks. At 3-5% a day, you never reach zero, but that's only if the percentages stay at 3-5% and don't go up. Those looking for total, classic capitulation haven't seen it yet, you know.

My head tells me anything can happen, but my gut says that the recent lows are roughly the bottom. We may pierce them, but not by far. Bad news at an "end of the world" level has been priced into every sector and every country. Nothing has been spared, leaving no more huge shocks left. Valuations are at reasonable levels by almost any measure. Things will improve given time.
Grep: Interesting perspective -- about market equilibrium.

Equally interesting is the testimony today by George Soros to Congress. His take: it's different this time: markets equilibrium is a paradigm, but deep fundamental flaws in market mechanisms have capitulated to perfect storm pressures (my interpretation, he didn't use the 'perfect storm' phrase). He puts what we have seen in perspective and points to the original start of the problem (de-regulation or lack of regulation), also recommends some alternatives for regulation.

http://online.wsj.com/public/resourc...eorgesoros.pdf

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Old 11-13-2008, 12:49 PM   #240
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But it can't ever go to zero--the torture will just continue with 3 to 4 percent down every day, but mathematically zero won't ever get reached--it will just be Groundhog Day the Movie for the rest of our lives.
Actually it can. Too many more days of -3% to -4%, and the bankruptcy judge will make it so.
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