Market Talk

[robo]

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Quips wrote:

Maybe Bob is gunning to be some president's economic advisor, but he called for the president to access the strategic oil reserve to keep speculators from having a field day with short term oil futures.

It's a very good call this is a national emergency.

 

[robo]

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Spaf wrote:

I put in a IFT for 100% G on Saturday. But I don't know whats going to happen with it if the TSP site closes. :? Could be wrong, I seem to remember that the site was down for a few days.

I just made a IFT C=20 S=20, and it said it would be effective 8-29-05.... I think as long it's in the computer our moves should be okay..... I might try and change it tomorrow if I can before the deadline..... Could add more! I'm betting the 1190 support will hold could be wrong.

 

[SystemTrader]

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Speculators simply provide liquidity to the age old battle ofsupply and demand. As a whole, they never have a "field day" since the futures markets area zero sum game. For every winner, there's a loser. There may or may not be good reasons to tap into oil reserves, but if this is Brinker's only rationale,he needs to take Econ 101 again.

ST

Quips wrote:

Maybe Bob is gunning to be some president's economic advisor, but he called for the president to access the strategic oil reserve to keep speculators from having a field day with short term oil futures.

 

[grandma]

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Birchtree wrote:

I'm staying long and will be buying - foolish bull that I am.

Is there any pointin trying to get out now anyway? I realize that the elctronic tranmission of an IFT request might get to its destination point, but would it survive tomorrow? And, what then, if you want to make more changes before things get settled & back into gear?

I know everyone's concern, first and foremost, is with the safety of the people in harm's way. These are sideline thoughts while we sit here at home, unable to help the others tonight, except pray -

 

[Mike]

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If you're still in at this point, you may as well stay in for the long haul.

I'd be shocked if oil didn't cross $70.

Something to the tune of ~1 million barrels per day of production has been shut down in the Gulf.

New Orleans is also a huge port for importing foreign oil, and I'd take a wild stab at this and say there's gotta be some substantial refining capacity in the area that is / will be also shut down.

 

[teknobucks]

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http://mrci.com/qpnight.asp

http://www.unitedfutures.com/quotes.htm

New Orleans local radar link: http://www.intellicast.com/WeatherImg/RadarLoop/msy_None_anim.gif

hope and pray it wobbles to the right..........

 

[teknobucks]

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JohnnieB1 wrote:

My agency has a major office in New Orleans. Every time there is a hurricane we shut it down. Our critical functions are conducted from up here in DC and from Gulf folks via cell phones. Just FYI

do you 4see any delay in executing orders tomm or the next day??

 

[teknobucks]

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robo wrote:

Markets down some, but so far not to bad.

http://www.bloomberg.com/markets/stocks/futures.html



Oil is already 69.60

http://www.bloomberg.com/markets/commodities/cfutures.html

does any one have a "good set of charts" showing market behaviorafter "national shocks"? (on line source please)

*such as andrew...911....northridge

 

[teknobucks]

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http://americanradioworks.publicradio.org/features/wetlands/hurricane_print.html

 

[teknobucks]

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amazing story from someonein NO

http://tinyurl.com/7btrg

 

[biggdog1]

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Read "SEAN'S" report. Was this guy able to get out or did he just hang in for the ride? Wonder what he'll do when all that debris and everything else that goes with it piles up against his hotel. This storm is going to be a MONSTER I hope he makes it !!!

 

[James48843]

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You know, seeing as the TSP main HQs office is in New Orleans, it probably would be a good idea this morning to access your account, and print out your balances.

They say that a conractor now has a second copy of everything in a safe place.

But personally, I don't trust government contractors very much.

Who knows- it never hurts to have a hard copy of exactly what you had on August 29, 2005, in your TSP account, the day that New Orleans flooded.....

 

[Quips]

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Eh, as the storm heads north up the Mississippi River valley and the Ohio River valley, even more rain will fall ... and drain into the aforementioned rivers, swelling their banks and sending even more of a deluge down to Mississippi and Louisiana.

This storm will change the course of some sections of the Mississippi River ... and maybe even the Ohio.

 

[Dave M]

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My experience tells me that the folks in eastern Kentucky should be concerned. Heavy rain there is a disaster since the terrain is one of steep slopes with thin soils. And guess who is the largest employer inKentucky? Ashland Oil!

Dave

 

[teknobucks]

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Dave M wrote:

My experience tells me that the folks in eastern Kentucky should be concerned. Heavy rain there is a disaster since the terrain is one of steep slopes with thin soils. And guess who is the largest employer inKentucky? Ashland Oil!

Dave

Dave

do you know much about these??

wonder how much is written off book ??

http://www.climetrix.com/WeatherMarket/MarketOverview/

http://www.evomarkets.com/weather/

tia

 

[teknobucks]

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anyone hear from tech....i believe he lives just east of the path of this storm

 

[mlk_man]

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The roof of the superdome is leaking on thousands of people..........................

 

[teknobucks]

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levee breach in New Orleans.

 

[robo]

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Oil is pulling back... Some are taking profits at 70 a barrel.

 

[teknobucks]

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uncle al will be busy ......

can we print 1oo billion in repos this week? sure why not