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10-28-2008, 05:25 PM
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#221
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,391
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What exactly is a gizzard squeezer ?
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10-28-2008, 05:30 PM
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#222
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Gone but not forgotten
Join Date: Aug 2006
Posts: 6,924
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Quote:
Originally Posted by MasterBlaster
What exactly is a gizzard squeezer ?
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Haruspicy is the inspection of the entrails of sacrificed animals, especially the livers of sacrificed sheep and poultry.
Haruspex - Wikipedia, the free encyclopedia
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
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10-28-2008, 05:36 PM
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#223
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,391
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OK I get it...
a gizzard squeezer is kind of like your mother-in-law.
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10-28-2008, 05:38 PM
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#224
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,004
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Quote:
Originally Posted by MasterBlaster
What exactly is a gizzard squeezer ?
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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...
__________________
Numbers is hard
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10-28-2008, 06:46 PM
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#225
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Recycles dryer sheets
Join Date: Jul 2008
Location: ENE MO - near STL
Posts: 424
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Quote:
Originally Posted by MasterBlaster
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.
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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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10-28-2008, 09:44 PM
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#226
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Recycles dryer sheets
Join Date: Jun 2007
Posts: 118
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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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10-29-2008, 09:36 AM
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#227
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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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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11-12-2008, 05:55 PM
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#228
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Recycles dryer sheets
Join Date: Dec 2007
Posts: 291
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Anyone still think we've seen the bottom yet
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11-12-2008, 06:09 PM
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#229
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,067
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Were a long way from zero.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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11-12-2008, 06:10 PM
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#230
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Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,764
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\
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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11-12-2008, 07:27 PM
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#231
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,773
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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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11-12-2008, 07:30 PM
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#232
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
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Gag. I hadn't check for a few days. Sorry I peeked.
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No more lawyer stuff, no more political stuff, so no more CYA
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11-13-2008, 10:15 AM
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#233
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,856
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"This time it's really different!"
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Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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11-13-2008, 10:53 AM
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#234
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Recycles dryer sheets
Join Date: Dec 2007
Posts: 291
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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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11-13-2008, 11:00 AM
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#235
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Thinks s/he gets paid by the post
Join Date: May 2008
Location: Cooksburg,PA
Posts: 1,873
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This thread is really getting LONG. A sad sign of the times.
At least I have my health.
Free to Canoe
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11-13-2008, 11:08 AM
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#236
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Recycles dryer sheets
Join Date: Sep 2006
Posts: 312
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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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11-13-2008, 11:35 AM
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#237
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Thinks s/he gets paid by the post
Join Date: Jul 2006
Posts: 1,901
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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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“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said” Alan Greenspan
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11-13-2008, 11:38 AM
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#238
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Full time employment: Posting here.
Join Date: May 2006
Posts: 858
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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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11-13-2008, 11:43 AM
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#239
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 2,605
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Quote:
Originally Posted by Grep
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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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
-- Rita
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Only got A dimple, would have preferred 2!
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11-13-2008, 11:49 AM
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#240
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Recycles dryer sheets
Join Date: Apr 2007
Posts: 491
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Quote:
Originally Posted by Bestwifeever
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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Actually it can. Too many more days of -3% to -4%, and the bankruptcy judge will make it so.
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