[rohry]

Deflation will not be a problem as far as I'm concerned...

Everyone! Please wish me and Tom Dashole a happy birthday (shudder)...

[rohry]

Market WrapUp is delivered...

[RightWhale]

Happy Birthday!

Live long and prosper!

[Billy_bob_bob]

"...the Dow 30 stocks have $6.5 dollars of debt for every $1 dollar in equity."

Just thought that bore repeating.

[gabby hayes]

Does anyone know if there's ever any accounting of direct stock purchases by the Working Group/Plunge Protection Team? Japan has begun to come out of the closet in this respect. But what about here?

[steveegg]

Sorry to hear that El Diablo D'Asshole took your birth date from you, but happy birthday anyway.

Now, for those that thought that gold was a magic bullet,...

The next bubble I believe is going to be in “things” as shown in these graphs of the CRB Index, gold, oil, and natural gas.

Bingo. The cycle of bubbles will continue until either profits improve (which wouldn't be painful) or the money dries up (which would be very painful for all markets, especially "paper").

[palmer]

Happy birthday Rohry! I'm glad you didn't take it off.

The major averages are resting upon their 90-day moving averages and need to hold at or above these levels to avoid further selling.

I see the fact that NASDAQ missed the 200 day average as bullish over the long run. Had the NASDAQ broken through, this utterly stupid rally would have built another month or two worth of momentum. The sooner we get to the bottom of this market the better. The problem is that many financial arrangements are dependent on stock prices so stock prices will be supported, artificially if necessary, to prevent a financial collapse.

The bear market will end when the 200 day averages fall through a flat or gently falling market. OTOH, the bear market will continue if overpriced tech stocks rally again.

[arete]

BTW -- Happy Birthday, Big Guy!

Click Here

Richard W.

[razorback-bert]

I will dip into the cellar and have a wee drop in your honor, mine is in a couple of days.

Have you noticed (with some exceptions) how many brilliant people are born around this time of year?

[Semaphore Heathcliffe]

Happy Bday, rohry. thanks as always for the posts.

[dtel]

Happy birthday rohry.
Thanks for all the hard work you do everyday, it is appreciated.

[eastsider]

Happy Birthday, rohry, and many more.