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I hope not.
----- Original Message -----
From: "Arthur Marcus" <rtchoke@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, March 06, 2004 3:38 PM
Subject: Re: [RT] sp500/nasdaq top
> Just because there's a dearth of posts regarding
> trading doesn't mean we're turning this into a
> political forum, does it?
>
> --- BobsKC <bobskc@xxxxxxxxxxxx> wrote:
>
> ---------------------------------
> Great story. Heard it before but had forgotten about
> it. Bottom line is that the top few percent of tax
> payers pay most of theincome taxes but democrats want
> it all. Bush should win thisupcoming election by a
> wide margin but in four years, God help us allbecause
> I don't see much of anything stopping Hillary
> considering thehuge percentage of women who claim they
> will vote for her and it's myopinion she pushed for
> Kerry so Bush would win and she can run against
> anon-sitting republican in 2008. The Clintons still
> maintain a deathgrip on the D.N.C.
>
> Thanks,
>
> Bob
>
>
> At 08:16 AM 3/6/2004 -0800, you wrote:
> Speaking of low taxes, I don'tbelieve that the author
> noted at the bottom wrote this, but it is
> aninteresting analogy.
>
> Sometimes Politicians can exclaim; "It's just a tax
> cut for therich!", and it is just accepted to be fact.
> But what does thatreally mean? Just
> in case you are not completely clear on this issue, we
> hope the followingwill help.
>
> Tax Cuts - A Simple Lesson In Economics
>
> This is how the cookie crumbles. Please read it
> carefully.
>
> Let's put tax cuts in terms everyone can understand.
> Suppose that everyday, ten men go out for dinner.
> The bill for all ten comes to $100. If they paid their
> bill the way wepay our taxes, it would go something
> like this:
>
> The first four men (the poorest) would pay nothing.
> The fifth would pay $1.
> The sixth would pay $3.
> The seventh $7.
> The eighth $12.
> The ninth $18.
> The tenth man (the richest) would pay $59.
>
> So, that's what they decided to do.
>
> The ten men ate dinner in the restaurant every day and
> seemed quite happywith the arrangement, until one day,
> the owner threw them acurve.
>
> "Since you are all such good customers," he said,
> "I'mgoing to reduce the cost of your daily meal by
> $20."
>
> So, now dinner for the ten only cost $80. The group
> still wanted to paytheir bill the way we pay our
> taxes.
>
> So, the first four men were unaffected.
> They would still eat for free. But what about the
> other six, thepaying customers?
> How could they divvy up the $20 windfall so that
> everyone would get his'fair share'?
>
> The six men realized that $20 divided by six is $3.33.
> But if they subtracted that from everybody's share,
> then the fifth manand the sixth man would each end up
> being 'PAID' to eat theirmeal.
>
> So, the restaurant owner suggested that it would be
> fair to reduce eachman's bill by roughly the same
> amount, and he proceeded to work out theamounts each
> should pay.
>
> And so:
>
> The fifth man, like the first four, now paid
> nothing(100% savings).
> The sixth now paid $2 instead of $3 (33% savings).
> The seventh now paid $5 instead of $7 (28% savings).
> The eighth now paid $9 instead of $12 (25% savings).
> The ninth now paid $14 instead of $18 (22% savings).
> The tenth now paid $49 instead of $59 (16% savings).
>
> Each of the six was better off than before. And the
> first four continuedto eat for free.
> But once outside the restaurant, the men began to
> compare theirsavings.
>
> "I only got a dollar out of the $20," declared the
> sixthman.
> He pointed to the tenth man "but he got $10!"
>
> "Yeah, that's right," exclaimed the fifth man. "I
> onlysaved a dollar, too.
> It's unfair that he got ten times more than me!"
>
> "That's true!!" shouted the seventh man.
> "Why should he get $10 back when I got only $2? The
> wealthy get allthe breaks!"
>
> "Wait a minute," yelled the first four men in unison.
> "We didn't get anything at all. The system exploits
> thepoor!"
>
> The nine men surrounded the tenth and beat him up.
>
> The next night the tenth man didn't show up for
> dinner, so the nine satdown and ate without him.
> But when it came time to pay the bill, they discovered
> somethingimportant.
> They didn't have enough money between all of them for
> even half of thebill!
>
> And that, boys and girls, journalists and college
> professors, is how ourtax system works.
> The people who pay the highest taxes get the most
> benefit from a taxreduction.
> Tax them too much, attack them for being wealthy, and
> they just may notshow up at the table anymore.
> There are lots of good restaurants in Europe and the
> Caribbean.
>
> David R. Kamerschen, Ph.D.
> Distinguished Professor of Economics
> 536 Brooks Hall
> University of Georgia
>
> ----- Original Message -----
>
> From: delta88343@xxxxxxx
>
> To: realtraders@xxxxxxxxxxxxxxx
>
> Sent: Saturday, March 06, 2004 5:36 AM
>
> Subject: Re: [RT] sp500/nasdaq top
>
>
> In a message dated 3/5/04 12:08:51 PM Eastern
> Standard Time, mr.ira@xxxxxxxxxxxxx writes:
>
> The government still claims that there is no
> inflation. Gas prices are $2.50 per Gal. here.
> Almost everything that is purchased is transported by
> truck. That cost will also be on the rise.
>
>
>
> Housing costs continue to rise. Just down the road
> in Palo Alto the average home cost is $985,000.
> Health care costs and other insurance costs are
> skyrocketing as is the commodity index. How much
> longer can the government ignore what is happening?
>
>
>
> Low interest rates have not created new jobs here,
> but India and other foreign countries are having a
> boon. We are shipping our jobs overseas where the
> service and manufacturing costs are far less. I have
> to admit, so is the quality of service provided by the
> overseas support.
>
>
>
> Just some thoughts. Ira.\
>
>
> This will continue to happen because it has little
> effect on the "Haves." Their petrol bill going from
> $50 a tank to $70 a tank on their SUV is barely worth
> discussing re: the household finances. They work for
> companies that pay their health insurance, or at least
> the bulk of it, and the large house they own has
> doubled in value the past 5 years. Life is good!
>
> However, for the poor "have nots", they will continue
> to suffer regarding the above. Their meager earnings
> continue to get eaten away by the massive inflationary
> spiral going on. There is no one truly representing
> them in the media because they are mostly affiliated
> with one party. If rolls were reversed, and a
> democratic president was in office with the same
> things going on, you know darn well the Republicans
> would be holding congressional hearings, having
> investigations left and right regarding everything
> that is going on in the energy markets, Bush and
> Cheney's connections to Haliburton and the massive
> energy manipulation play that is going on etc.
>
> I'm not trying to be political here, but thats the
> reality. There is absolutely no direction, no vision,
> no goal, no leadership within the democratic party. No
> one is raising any stink about what is going on, you
> hear nothing about it in the media and it literally
> borders on the criminal.
>
> I am not politically affiliated one way or the other
> and I love low taxes. The above is simply my
> perceptions.
>
> ----- Original Message -----
>
> From: EarlA
>
> To: realtraders@xxxxxxxxxxxxxxx
>
> Sent: Friday, March 05, 2004 7:42 AM
>
> Subject: Re: [RT] sp500/nasdaq top
>
>
> Fascinating market action ... SPX has rallied to
> 1162.99 (within my target range) while the price of
> the June 1150 puts I hold (and had orders for more)
> has also rallied. This suggests that the market is
> putting in a blow-off. Had to short emini since it
> looks like they won't fill my put order.
>
>
>
> I assume that this rally is all about the perceived
> notion that the Fed won't raise rates so the market
> can party longer. Not a thought to the fact that
> continued employment problems will lead to reduced
> consumption and other (economic and political)
> fall-out from reduced consumer confidence. Foreign
> currencies are rallying hard which means even higher
> energy prices are in the cards.
>
>
>
> Earl
>
>
>
> ----- Original Message -----
>
> From: EarlA
>
> To: realtraders@xxxxxxxxxxxxxxx
>
> Sent: Friday, March 05, 2004 6:11 AM
>
> Subject: Re: [RT] sp500/nasdaq top
>
>
> SPX is very close to long standing target range of
> 1060-1073 which includes: 50% retracement to ATH, 200%
> expansion of Oct02-Mar03 swing, and Dec01-Mar02 triple
> top.
>
>
>
> I closed out long emini position just ahead of
> Thursday's close leaving in place a SPX put
> established on Wednesday. I also have orders working
> to add to put position on any rally from monthly
> Employment Lie. During the past couple of weeks I've
> closed out all trading positions in stocks and now
> hold significant cash position. I still like energy
> stocks and hold core positions to which I will add
> during any correction in equities.
>
>
>
> There should be good support in the 1015+- area
> which includes the 38% retracement to the Mar03 low
> and the Jun-Jul03 highs. If this area holds, then
> another run to higher highs (1250+-) could be in the
> cards. On a fundamental basis, the market is richly
> priced and risks are strongly to the downside should
> the public lose its taste for speculation.
>
>
>
> Earl
>
> ----- Original Message -----
>
> From: profitok
>
> To: astrofin@xxxxxxxxxxxxxxx ;
> realtraders@xxxxxxxxxxxxxxx
>
> Cc: Yacov Twena ; vincent ; U.
> Stuart-Auslander@xxxx Net (E-mail) ; Slawek (E-mail) ;
> Ronald McEwan ; Ron Miller (E-mail) ;
> panda2222@xxxxxxxxxxxxx ; ntt-list@xxxxxxxxxxxxxxx ;
> Ned Markson (E-mail) ; Mike Burk ; Kate (E-mail) ;
> Jseaton357@xxxxxxx ; Gocycles@xxxxxxx ; Elizabeth
> (E-mail) ; doroty.h ; Dom Perrino ; Dan C (E-mail) ;
> Cyclesman (E-mail)
>
> Sent: Thursday, March 04, 2004 9:43 PM
>
> Subject: [RT] sp500/nasdaq top
>
>
> Most likely 3/5/04 should be a top for a while
>
>
>
> get out of longs and if you have long term gains
> consider writing calls
>
>
>
> most likely next is 1050 on sp
>
>
>
> if I am wrong, the max upside is only 10-15 sp
> points
>
>
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>
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