So bears, if you see that flash, just "DUCK & COVER"... That ought to save you from all that radioactive "fallout"... Hey, while you're at it, you could probably buy some JC Penney stock... I saw their commercials run about a dozen times on the Oscars telecast last night...
No charts here, (at least yet), because everyone should know where we're at after Friday... The market will try and set it's sights squarely on the January 1150 high... There is another small "gap" between 1148 and 1150... But there are also MANY gaps below... Daneric had a good article over the weekend on the significance of ALGO trading and what those gaps mean...
Buckle up... This week Mr. Market (and the idea that all our problems can be saved by pretending that the little stock certificates we hold are the solution to every economic problem in the world)... Is going to meet Mr. 10 & 30 year bond auction, and the idea that the 44th President of the US can put our country (and your grandchildren 20 trillion in the hole by the end of the decade)...
But don't worry, even if he does, when it comes time to deal with the fallout (pun intended), you'll know what to do! "Duck & Cover"...
Oscars are over, so now I return you to your regularly scheduled program of buying stocks...
162 comments:
Emerging-Market Stocks, Commodities Rise as Greece, Dubai Tackle Deficits
http://www.bloomberg.com/apps/news?pid=20601087&sid=aNuyOE.H21gk&pos=2
---
So there you have it! Greece & Dubai have "tackled" their deficits! It was kinda scary there for a while, but it looks like its going to be alright!
Don't worry about the banks being insolvent either... We've got peeps, good peeps, around who will TACKLE those problems too...
Now, what stocks look good to you here?
it's all good-
who's Miki?
also- in keeping w/ the theme-
http://www.southparkstudios.com/clips/149714/
note: there may be a quick commercial before the important "safety message" starts- but be patient- it could save your life
@ahab
Miki is a good friend of mine... She's a makeup artist (a very good one), but she isn't into the markets so much so doesn't post comments all the time)...
Anway, she and I always have this thing going around the Oscars...
@CV
wow, quite the write-up on the Oscars... you're the multi-tasking man... from markets to meatballs to movies to makeup.
I'm feeling the markets need to absorb the gains of late, IMO don't think SP will hit 1150 this week.
qqqq
Working in Reno now, local news just said the unemployment rate had no change from last months 13%...
qqqq
@qqqq
As the days pass, I'm finding I'm best at MEATBALLS, with "movies" after that...
Good calls on Oscar CV. And ya, Andy should try The Secretary. A very different kind of movie and the girl is superb.
Have closed my shorts at various levels of losses. Phew. So there you have it, another bear, beaten, bruised and back to waiting.
As per the other blog, got really nasty over the weekend. As someone said, why can't we all just get along. After all, we are nothing but food for the worms, right?
Tolerance in too short a supply. Makes me sick to the core. In fact, I have a 4 month old son and at times I feel that maybe we are all a little cruel for bringing kids into this sick world.
Apologies in advance for all the rambling. I generally do get carried away when talking to myself. :-)
@anon
Well if they're in RENO, they don't need a job... They can just walk into the casino and mint themselves some money...
That's how it works in New York anyway... Hasn't Bernanke ever heard of Reno?
@Prashant
I'm not closing out any short positions just yet...
I'm wary that this could push back to 1150 this week, so I'll have to hold onto that, but I feel fairly confident that if the market IS going to push beyond that, it needs to consolidate backwards first...
First, there's the Friday gap, and then there's another gap at 1116 that strangely never got filled...
It was like the ALGOS were setting up that 1116 number to be a line in the sand... So sometime that level will have to be challenged...
C,
Is that cartoon from the video game Fallout?
@ben
I don't know where it's from...
I was going use "Bert the Turtle" (the turtle they used back in the 1950's)...
But I liked the "mushroom cloud" in the background on this one (with the "thumbs up")...
I'm pretty sure it is.
I suppose the video game may be fitting depending on one's worldview.....
@McF
Did you get a chance to read DANERIC's article on "Skynet" over the weekend...
A PERFECT example of his reasoning is visible on the 1 minute charts this morning...
Right after 5 minutes, there was a big gap up (leaving a hole)... The market tried to fill that, didn't fill it by a millimeter, then bounced higher...
Then it came back down and did a jump back UNDER that level and put in a very long red candle...
It's so obvious where the ALGOS are programmed right now...
Next one of those down is around 1132...
On the UP side... It'll now have to jump through 1140 to get to 1148...
good morning! bad coffee! just by the dip.. in the new normal, trees to grow to the sky.
hey- Kathryn Bigelow-
not bad-
http://www.ejumpcut.org/archive/jc50.2008/BlueSteel/BluesteelJCimages/49Bigelow.jpg
http://www.cinema.com/image_lib/news_kathryn_bigelow2.jpg
C,
Yes, I did read that post yesterday, very interesting actually reading Dan and Kenny the last two days for a lot of reasons. Is Kenny's site a non-EW site now?
As for the market, I'm still irked enough about this weekend that I don't really feel much like discussing my views about the market on the blogs. I'll identify video game pictures instead.
Bullish extremes seem very likely this week, I mean my god, did you read any blogs this weekend? No way have there been so many inclined to the bullish side on blogs since 2007. Suppose I'll just sit back and allow people to enjoy it while it lasts.
lb posted this at the other site Mutual Funds @ 3%
@ben
All Saturday I was working on that Oscar post... It literally took me all day...
So I didn't really have time to look at any blogs over the weekend...
- I read Daneric (but not Kenny)
- I followed a link or two that karen put up
Other than that really nothing... I'm using Daneric because he's one of the best of expressing the "sentiment" ideas in wavelets as they apply to the count... That fills in a lot of blanks for me...
Bottom line... I'm fully aware that this will likely now test 1150 (and perhaps exceed it, now)... However, I also think it's OVERBOUGHT and even if this starts another leg higher, then there are TWO things I can pretty much count on...
- Even in the ROSIEST picture, I don't think it'll extend MUCH higher... Therefore, I don't mind holding losses if I have to... I'm more afraid of the RISK of "not being in" when it crashes, than living in fear trying to squeeze out another 5 or 6 percent...
- If it DOES go higher, then that will add probably the last piece to the puzzle... That is... BULLISHNESS will likely reach extreme levels...
Beat me to it, Karen, was just pasting, thanks!
Magic Monday late - maybe b/c GARY is out of bullets?
Mini clavadista d'oro today.
@karen
I saw that, on Bloomberg, as well this morning...
I've been watching the mf/cash ratio charts, long term charts. Since so many like to take a look at old charts, there is only one conclusion you can draw when looking at the low low levels of cash in MF's going back, oh say.....longer than I've been alive.
Serious trouble directly ahead.....
Perhaps it's different this time and "all in" is part of the "new normal".
**And now supposedly retail has begun buying equity mutual funds in concert again, which makes sense considering its now that the funds are alredy fully invested. Let's not forget these were the guys leaping for cash at the lows (no not reail investors, MF managers!).
reading some arthur hill at stockcharts.. he points out that the xlf is nearing resistance and a breakout would be bullish for the markets.. don't laugh!
also, that iwm (which made a new high friday) bounced of rsi(14) 50 the last 3 dips..
GARY is a contrarian indicator, and he is pretty damn confident right now.
The IWM is ridiculous, half those companies are not making money.
Wow...
I totally unplugged this weekend to focus on the simpler things in my life. Like garden, yardwork, chilling with fam...
All psyched to come in and give em hell this morning, then I read that Friday wrap.
Gotta let that all marinate for awhile.
Glad I wasnt around. I would have definitely taken that personally, gotten emo, and lashed out.
Serenity now.
@karen
I'm pretty sure that you're going to see a lot of these "breakouts" occur...
This will be the final "coast is clear" signal (as they all chine in in unison)...
Then, for some mysterious reason, it won't work this time...
But then at least Brian has something to explain to Johnny...
Johnny, sorry, but these indicators are "golden", they've worked 89 out of the last 90 times!...
an email from marketwatch: The market's recent gyrations have left investors in a bit of a holding pattern. Let our experts give you the tools and confidence you need to take the next step.
Wow, x2...
Nice Academy Award post C- you never cease to amaze I with your diverse array of expertise.
What's interesting here...
I'm going to HARP on this because it's fresh in my mind...
- OK, so you have Danerics piece on the algos
- This morning, you had a perfect example of that premise (on the 1 min. charts - line set at 1140)
- When it hopped to the DOWNSIDE, a lot of sells were triggered.
- Now it's rebounded, and regained the RUBICON, but on THIS side of the Rubicon, it's not the same degree of moonshot...
Something to think about... Breaks to the downside happen quickly, breaks UP, are like, "meh, I'll wait"...
@I-Man
Lucky guesses... ALL :-)
you gotta like the usd here.. and keep watching fxe.. bbs are pinched it may have just fallen in lower half.. it is definitely below the 20 ema..
Great...
My trading platform totally just went down... Grrr!
I really like you all. Thats all I'll say for a bit.
Havent even pulled up a chart yet.
i think rosenberg is making a case for gold this morning.. at least that's with the bullet point would indicate.
Someone call the cops!!!
People are SPECULATING on the demise of the EUR!!!
Dan's posts over the weekend are very good btw- thx for the tip.
speaking of platforms- here's a cool platform now that Spring weather has finally around-
http://www.harley-davidson.com/en_US/Media/images/Apps/2010_Motorcycles/wallpapers/pg_spxl1200x_def_dom_bs_en_US_w1280.jpg
Guys & Gals
I'll be back in awhile...
I'm having problems with my trading platform and internet browsers...
Rosie is great - but he is the worst short term trader of all time. Whatever he likes goes down hard that very same day.
This market is tired.
Not half as tired as the long suffering bears... but I agree.
When MFs are ALL IN and the "market can never go down ever again...."
That's when Mr Market decides to sit down and take a breather.
A lot of downside gappage on the SPX 1min chart today... you know what that means...
Distribution.
1125 must be tested today, and bears dont want it to hold.
here's all everyone needs to know-
"VIX Says Blue Skies Ahead" - CNBC
http://www.cnbc.com/id/35730612
There is also a small gap on the SPX 10min chart from Friday at 1132.24
Wonder if TLT will finally break below that magic 88/89 area? Anyone here have any thoughts? Tempted to nibble a bit here but am thinking we go below those levels at some point, so don't want to be hasty.
Manny-
If you are already in a position, then keep watching the levels you ID'd.
If looking to open a new position, it would be better to wait until price has a chance to resolve the following short term resistance levels:
90.30
90.87
91.35
92.50
Higher probability of successful long trade once its taken out those levels, fwiw.
The problem I see is that the rest of the world is leaving the "solution" to the great recession.
Canada announced stringent cuts in government spending last week.
Malaysia, Indonesia, Norway, Australia...countries are raising interest rates.
The Germans have passed a balanced budget amendment, and have told Greece no new funny money, and I for one think they mean it.
China is tightening internally, and I think they mean it too.
..We are late to leave the party. I put us in the England, Spain, Greece, Italy et al camp, the ones who are having trouble saying no....
It will come home to roost...
Will do, I-Man. Thanks for the heads up.
Hey youse guys, what's up? (besides the market all last week)
I took a bit of a break from all this blog and news crapola. Just kind of tired of the B.S. And got run out of some short positions too. So I'm smarting a bit, no doubt. Still significantly short though as this isn't a good time/place to cover; I'm confident of that much.
It has been interesting to see the sentiment shift and the near future is key for the markets (statement of the obvious, yes).
No matter what it's hard to see much more upside here without some pull back. Bullishness has shot up once again, very quickly (see that latest from Hulbert?).
I think Dan's latest scenario has high probability (a pull back very soon to support and then a run at the highs). Need to shake up bulls and then dishearten bears yet again.
The action right now in gold is interesting. Is Bucky ready to jump again, for real this time? Been faking us out for about a month now but really hasn't gone done much either.
I'll be quiet now. Not gonna be gabbing much but I'll be watching and still learning.
here you go folks-
just buy these- sit back and relax-
Cramer's Best Stocks in the Tech Sector
I've no idea why any of you should get upset with each other. Once the markets have closed there is IPA, soccer on TV, green things growing out of the ground, and beautiful people to admire (well, that is if you are anywhere near Karen's place).
Mannwich Vacation Indicator in effect. Don't buy TLT until they have had a chance to sell em down before the auction, eh? YOU betcha.
LB is waiting for gold to jump off the cliff holding silver with one hand.
Onlooker! we've been wondering about you! glad you are back! Jeff, you stay away! I rather like the effect you are having on the dollar.
Just stay calm, everyone, and watch the show. Mannwich, get on that plane. Bucky is stirring.
We have an unusual mix of TBT, short silver and short miners today. But with Bucky on a roll, it is working. DXY 83 is not far away up there, and with the Fed talking reverse repos, and another Greece ready to pop out at any time there really isn't any reason why we can't get there.
the $wlsh is 10pts from making a new high for the year and last 52 weeks, of course.. on track for 12700..
it is telling us that the economy is on track.. why don't we believe it?
i'm also watching $bkx.. another 52 week high. you see how fine everything is.. just buy the next dip.
Thank you for that kind sentiment Karen. As the weather warms I'll be spending more time outdoors with my dogs enjoying the first signs of Spring. Just hints so far, but I got my backyard pond pump going again and the sounds of the stream/falls is soothing. And the goldfish are stirring about, and we had our first frog sighting. Before long they'll be trilling and cheeping their mating calls.
Heading out shortly, lb! Never fear, Mannwich's departure is near. And I'm in a good mood these days. I survived yet another Minny winter. The key to surviving them here is to leave as much as possible in the dreariest months of Feb and March (although the first week of March was fantastic here this year).
@ K
Because we're stupid...
Or really smart.
Cal and thank goodness my son is finished..
I-Man, but i'm feeling very stupid.. see aapl? nearly made a new new 52 week high.. wonder when GS is gonna make it over $200. wonder why my long positions didn't join the reflation party..
"wonder why my long positions didn't join the reflation party.."
b/c the reflation party has been a massive commodity orgy/short squeeze. ZH had an interesting post on the big gainers in the rally, there was hardly one good company among the lot.
Janet Tavakoli on CDS..
"Congress should act immediately to abolish credit default swaps on the United States, because these derivatives will foment distortions in global currencies and gold. Failure to act now will only mean the U.S. will be forced to act after these "financial weapons of mass destruction" levy heavy casualties. These obligations now settle in euros, but the end game is to settle them in gold. This is so ripe for speculative manipulation that you might as well cover the U.S. map with a bull's-eye."
Timmy: "We Saved the Economy but lost the public doing it". Simon Johnson counters:
http://baselinescenario.com/2010/03/08/they-saved-the-big-banks-but-kind-of-lost-the-economy-doing-it/
Simon Johnson, Joe Stiglitz and Janet Tavakoli/Harry Marcopolos as the new Treasury/SEC team. We could do a lot worse. Telling the truth is a wonderful attribute in Government. Eventually, when people are tired of all the lies....
It's really important Obama pushes for the appointment of someone who isn't owned lock stock and barrel by the Street and the big banks.
Janet and Harry would be a breath of fresh air at the SEC, but the jails would be absolutely heaving by the end of the year.
LB
What about William Black?
Shhhhhhhhhhhh! .... Be wery, wery quiet, I'm hunting wolatility .... Huh-uh-uh-uh-uh-uh-uh-uh
Not you Tyler, the 1min chart.
McFearless @ 10:14
MF cash ratios are certainly worth considering. But one should also consider the amount of money in equity mutual funds versus the amount in bond mutual funds.
(Not that I'm wildly bullish on the stock market over the next 6 months).
Algo's trading algo's trading algo's pitting the different timeframe traders against each other.
Brilliant, really. But mind numbingly annoying.
Ra:
LB hearts William Black. In the banking way, obviously...
Not like we heart I-Man (in the chart admiring, IPA drinking way).
Obviously we heart Karen for her analysis, wit and charm
(among other attributes...)
Read this on C !! too much..
lots of other good articles in Barron's as well.. abelson, santoli.. some great comments, too.
... and of course her irrepressible top.
Chicken Little reports: Germany: Merkel, Sarkozy Working On Rules For Credit Default Swaps
1:21 PM ET 3/8/10 | Dow Jones
BERLIN (AFP)--German Chancellor Angela Merkel and French President Nicolas Sarkozy are working on new rules for derivatives markets including controversial credit default swaps, Germany said on Monday.
The proposal, also backed by Luxembourg Prime Minister Jean-Claude Juncker, head of the Eurogroup of eurozone finance ministers, will be presented to the European Commission, said Ulrich Wilhelm, spokesman for Merkel, .
Derivativeshave come under scrutiny since the outbreak of the global financial crisis. They've been thrust further into the spotlight by reports of coordinated market action by hedge funds to bring down the value of the euro.
But Wilhelm said it would be "difficult" to ban trading in credit default swaps altogether.
DL,
To be perfectly honest I don't care to discuss the point.
I might argue you could look at whatever you want in deflation but it won't matter.
Bond mutual funds can't be generalized like equity funds can either, and further, they have more cash now than they have in long time (bond funds) ...the reverse of equity funds.
This is not a timing tool, it helps to show sentiment, that's all. In other words, PM's are bullish, should have just left it at that.
McFearless,
O.K., if you don't want to discuss it, I won't.
This is serious.. You all must read Randal Forsyth.
http://online.barrons.com/article/up_and_down_wall_street_daily.html?mod=BOL_other_tnav_blogs
@C,
Looks like your Ravens are getting better here in the offseason, Joe may have someone to throw the ball to next year.
Long Flacco. Short Rothlisberger. (and Palmer)
Still decluttering but keeping a few blogs. Couldn't help but share this with you:
http://market-ticker.denninger.net/archives/2058-ADMISSION-By-FDIC-Massive-Balance-Sheet-FRAUD.html
My personal opinion, the BBPE! (Best Blog Posting Eva!) Until the debt is realized, there will be no true recovery *cough* JAPAN *cough*
Domo Arigato, McHAPPY-sensei....
Leftback-san
EXTEND and PRETEND baby....
onlooker- welcome back-
and can relate to the burnout factor-
that is why I have been segueing into any other topic whatsoever- even got interested in CV's Oscar post- and I don't even follow it-
I like movie's however- but the one's I like always get snubbed- lol
and I usually see them well after they were on the big screen-
anyway- check out my 10:52 post for what's on my mind lately-
also- Julius Peppers going to the Bears-
anyway-
gotta roll-
all have a great day
Nice link karen.
Dō itashi mashite, Leftback-san.
Spin Control has been a huge feature of this bear market wally and stunning economic wecovewy. Of course it's all done with funny money.
Can you say Reverse Repos?
Here's a funny picture that you can add to your library cv. Via a commenter on kenny's blog.
Bear's lament
Bond market is a strictly RISK-ON affair, a small movement of funds from Treasuries into corporates, so spreads are narrower but the curve is also slightly steeper. Expect more steepening tomorrow with the 3y auction.
LB,
Given your expertise on U.K. politics, you got a take on the prospects for GBP/USD or GBP/EUR...?
Is this some nasty rumor?
Because I think BF could be tried for treason for this...
George A. Papandreou is blaming the short sellers (of debt), much as the bankers in this country blamed the short sellers.
FINALLY!
Whew... Many computer problems today and my trading platform was also down...
I'm just catching up... on exactly WHAT? I don't know...
You gotta be kidding me on the SPY volume... I mean right now it's on pace to be the lowest volume day since... 1/11 (the "first" day the market hit 1150)...
VIX still 17 and change...
I looked back... Since 1998, the VIX has rarely 'consistently' stayed UNDER 20 (save for the ENTIRE 8/2003 - 8/2007 period when Cramer did his rant)... It was under "20", briefly, after that during the top of P2 from After October 2007 (May 2008)...
So unless you think we're heading into a "goldilocks" 2003-2007 scenario...
Barney's high on pills.
@onlooker
Funny pic! :-)
CV @ 2:40
Given the recent history (last 10 months), it's conceivable that the VIX could get all the way down to 15 before we get another 9%+ correction.
very little volume on faz either..just about at its 52 week low, too.
Catcha later team-
I and I must be trodding on.
@ Karen
All Barney has to do is re-instate FASB mark-to-market and there is no problem, no need for a letter, no nuttin'. But doing this would cause the S&P to go to 500 and we can't have that in a recovery. Just imagine what it would do to the sentiment indices! :o
I wouldn't touch FAZ with a 10-foot pole.
(Not unless they let me short it).
@karen
You know? That BF crap is E-X-A-C-T-L-Y why, on a Monday in March, a week before quarterly options expiry, and a few weeks to end of Q110, there is NO VOLUME on the SPY after a Friday that had something like a 9:1 advance decline ratio on a market that is poised to break out to new highs...
Nobody believes in anything any of these politicians and bankers say anymore...
The markets themselves are just computers trading against computers... Real people, with real money are just hanging around trying to hold on to what they've got...
If there is ONE THING they can do, it's to keep it out of the hands of those people... But of course, the "others" are trying as hard as they can to get it from them anyway...
Couldnt resist...
Can you believe that there are actually options traded on those things?!
CV, please read the randal forsyth article i posted.
@DL
I don't disagree with your point (2:45)...
All I'm saying is that a REASONABLE PERSON ought to take a moment and reflect on all the simmering volcanoes around the world, then look at a VIX level that's 17?
You need only that to tell you "somethin' ain't right" if risk is priced that cheaply...
"PPT" to start in 30 minutes...popcorn at ready!
CV,
I certainly don't want to be long here with leverage.
(A modest long position with tight stops is O.K., however).
@karen
I did read read the Forsyth... It was very good... Pretty much said it all...
I'm obviously going to keep the shop doors open here and try to be entertaining in the process, but it's going to get awful dull around here if the trading keeps going the way it has for the past two weeks...
There's almost NOTHING that anybody can add anymore...
The world financial system has become a total farce...
FREDERICK FORSYTH would write this one:
THE DAY OF THE BANKING AND REGULATORY JACKALS.
Something for JOHNNY to read on the plane.
@DL
Yeah, the ones who went ALL IN at the bottom, and can just sit here and sell premium are the ones who have it made...
Fairly soon though, BUCKY ought to make a big move up... That'll get things going again...
CV,
So it's O.K. to blame you if the market is dull and listless?
Tomorrow is 34 trading days since the 1150 high...
That ought to be good for 'something'... Anything, please?!
CV,
Anyone can sell option premium (except for Karen, since she doesn't have a margin account).
@DL
CV gets 'blamed' for a lot of things...
Obama has me on speed dial...
@DL
I can't do it in my account unless I'm selling 'covered calls'...
vineyard defaults on the rise
Cash for really sho'nuf clunkers, I mean the real thing!
http://news.bbc.co.uk/2/hi/business/8551332.stm
What will save the Russian car industry?
"Russia has decided to follow in the footsteps of some European countries and the US by introducing a car scrappage scheme in an attempt to save the country's automotive industry."
"However, the global financial crisis led to a slump in demand, and in 2009 the Russian car market shrank by half.
At the beginning of 2010 sales continued falling, while serious worries persisted about the future of the whole industry, in particular ailing Avtovaz, which makes Lada cars."
CV,
Sure you can. You could sell the March 115 SPY calls, and buy an equal number of SPY 118 calls.
Pelosi's net worth, Karen, is partially in vineyards...
@karen
You must be following around my footsteps today... I saw that "vineyards" link... I was going to put it up because I thought that would catch your eye...
Then I started having computer problems (probably because I spilled 'cheap' wine on it over the weekend while I was doing the Oscars writeups)...
The French are having the same problems, even worse, article about two weeks ago detailing the problems with the French vino...
@Bruce
A lot of Pelosi's "net worth" is Del Monte (where, of course, they have Samoan production facilities so as to be able to hire cheap labor without falling under the jurisdiction of MINIMUM WAGE LAWS)...
But anyway... PELOSI + NET WORTH... is oxymoronic...
With the "bubbly"
People are 'dumbing it down'... They're drinking ANDRE
"The BEER of CHAMPAGNES"
any port in a storm, cv....
...pun intended (I see you're into 'dessert wines' Bruce)
I wasted some money on "ice" wine recently from my hometown. Was not as good as advertised.
wonder how many people will be lining up to by $750/night for the cheap room when this "sale" begins in 3 days:
http://www.jetsetter.com/sale/postranch/postranchinn
I read this fawning column on Buffett this weekend and could rant if you like. Suffice it to say I have beaten the dog mess out of Buffett since I started investing for myself in 1998. Not even close. And if I wanted to emulate a billionare, let me be the guy with Virgin Atlantic, or the owner of the Dallas Mavericks. I wouldn't trade places with Buffett unless it was between him and watching paint dry. What an utterly lifeless life...
http://finance.yahoo.com/retirement/article/108978/beaten-by-buffett?mod=retire-planning
Mutual funds dramatically lag Berkshire stock during chairman's tenure
LMAO only 92 mil so far in volume on the SPY.
"vineyard defaults on the rise"
Que Syrah, Syrah....
Ra,
My biz partner just stopped in to my office to say the same thing. "Is anyone actually trading today?"
But hey, what could go wrong?
Greece? Nah
Dubai? (Did they even have a problem?)
I could go on, but what's the point.....
Meanwhile, we had a client call in last week looking to buy some Greece CDS....
Similar demographic.
http://www.cnbc.com/id/35767065 "technical analysis is bullish"
short article based upon not much.
got to love johnny and his best friend
Here's another good pic, same source (Master 33):
A bear can dream, right?
can't wait for the daily GLD candle wrap..
@Amen
Here... I'm going to help you out on your DAILY CANDLE WRAP...
VIX - ZZZZZZZZZZZZZZZZZZZZZZZ
ZZZZZZZZZZZZZZZZZZZZZZZ
ZZZZZZZZZZZZZZZZZZZZZZZ
DXY - ZZZZZZZZZZZZZZZZZZZZZZZ
ZZZZZZZZZZZZZZZZZZZZZZZ
ZZZZZZZZZZZZZZZZZZZZZZZ
GLD - ZZZZZZZZZZZZZZZZZZZZZZZ
ZZZZZZZZZZZZZZZZZZZZZZZ
ZZZZZZZZZZZZZZZZZZZZZZZ
EUR - ZZZZZZZZZZZZZZZZZZZZZZZ
ZZZZZZZZZZZZZZZZZZZZZZZ
ZZZZZZZZZZZZZZZZZZZZZZZ
SPX - ZZZZZZZZZZZZZZZZZZZZZZZ
ZZZZZZZZZZZZZZZZZZZZZZZ
ZZZZZZZZZZZZZZZZZZZZZZZ
(on no volume)
Why don't you thrill us with something like Pier One, or Genworth...
BIDU hit 536 tho...
Onlooker
Funny pic.
Onlooker,
Funny.
CV
I was actually thinking that earlier.
cv, it's a nuanced day! perfect for staring at demi moore's dress from last night.. i can't believe she didn't make the nymag slideshow..
Another day for the ages. Did I actually exist between 9.30 and 16.00 EST today?
@karen
I was going to ask you EXACTLY that (demi's dress)...
She was clearly the showstopper last night IMO... Looked fantastic...
Onlooker
That second pic is probably a good fit for the wrap today.
Alright... I gotta go...
At this point, tomorrows thread is going to just have a picture of demi moores in her dress, unless something big happens overnight...
This is going to be a "fashion blog" by next week...
CV,
How about doing a scatter plot showing the correlation between the VIX, and the number of comments on this site?
(If you're really, really bored, that is).
Even the credit markets were unexciting, as bondzzzzzzzzzzzzzzz
Plus... I think I'm going to change the blog slogan to...
"Real Time Perspectives and Commentary on "Other Things (& occasionally Capital Markets when they exist)"...
well, i just ran thru 60 nymag fotos and found demi.. at 51
http://nymag.com/daily/entertainment/2010/03/oscar_red_carpet_looks.html#photo=51
cam was stunning as well..
ttp://nymag.com/daily/entertainment/2010/03/oscar_red_carpet_looks.html#photo=56
i didn't dress up as i promised.. wore black to mirror my mood.. and if my friends hadn't promised to wine and dine me i would have stayed home..
The BLOG NAME will be changed to:
TRY NOT TO FALL ASLEEP - ANOMYMOUS
We have basketball starting at noon tomorrow.
Karen, how can we put you in the RED DRESS mood?
Silver has a date with destiny, and SLV has a date with $15, or $12...
Damsel in dis dress.
here is one we didn't talk about today! JJC
Jim Cramer has an article with the following title and subtitle:
"Health care could derail stock rally
The health care bill, if it passes, is akin to a reverse stimulus"
http://articles.moneycentral.msn.com/Investing/top-stocks/blog.aspx?post=1684970&_blg=1,1684970
I’m a little surprised that Cramer has taken an overtly political stand on this.
IF the market wants to go down it can go down on any excuse.
What do you think, Karen..?
http://www.project-syndicate.org/commentary/stiglitz123/English
The Dangers of Deficit Reduction
Joseph E. Stiglitz
...OK, after reading the article please fill in the blank:
The last year the debt (cumulative deficit) in America was smaller than the year before was_____.
Turn in your papers as you file out....
1776?
You can always come back - embrace the monarchy, Chaps.
Together we can print and devalue.
I am joking Bruce, I came to the US because I can't stand the monarchy...
B in T,
I haven't read the article, but we did pay down a lot of debt after WWII.
Andrew Jackson was the last president to pay off the national debt:
http://en.wikipedia.org/wiki/Andrew_Jackson
Close Lefty...1957.
http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo4.htm
From one monarchy to another.
Indeed. Queen Elizabeth or Lord Blankfiend? Take your choice.
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