"Back at the casino, today the markets plunged at the opening bell, then made their 10:00 AM traditional, miraculous recovery before diving again, only to be followed by another last hour miracle. This has been a pattern that can be recognized consistently over the last month. The impetus for the rally was new Wall Street projections that Oracle will beat lower estimates."
1 posted on
12/11/2002 5:00:12 PM PST by
rohry
To: bvw; Tauzero; robnoel; kezekiel; ChadGore; Harley - Mississippi; Dukie; Matchett-PI; Moonman62; ...
Market WrapUp is delivered...
2 posted on
12/11/2002 5:01:17 PM PST by
rohry
To: rohry
Being in Fairbanks, I watch the price of natural gas. It has been trending up gradually. Last winter it didn't. But it's nowhere near the run-up of 2 years ago.
To: rohry
"Back at the casino, today the markets plunged at the opening bell, then made their 10:00 AM traditional, miraculous recovery before diving again, only to be followed by another last hour miracle. This has been a pattern that can be recognized consistently over the last month. The impetus for the rally was new Wall Street projections that Oracle will beat lower estimates." That says it all.
5 posted on
12/11/2002 5:26:03 PM PST by
steveegg
To: austrianecon; Deuce
Thought you all might enjoy this nightly gathering of market commentators, economic junkies, and various other misfits.
7 posted on
12/11/2002 5:28:53 PM PST by
Ken H
To: rohry
Considering the coming war with Iraq, the strains with Saudi Arabia, and the general restlessness in the Muslim world, it's remarkable that oil prices aren't a lot higher.
11 posted on
12/11/2002 5:50:30 PM PST by
Cicero
To: rohry
"Back at the casino, today the markets plunged at the opening bell, then made their 10:00 AM traditional, miraculous recovery before diving again, only to be followed by another last hour miracle. This has been a pattern that can be recognized consistently over the last month. The impetus for the rally was new Wall Street projections that Oracle will beat lower estimates."
If it has really been that consistent, I guess Puplava must be a billionaire by now from daytrading. NOT!
And I just paid $1.28 for gas, the cheapest I've seen in months. The spot markets aren't too worried about Iraq or Venezuela. Maybe they should be. As always we'll see...
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