Morning Audibles 4.20.10 - Be Tactful When Makin' the Rounds...

& maybe (you can SAVE A PARTY)... PARTY GONE OUT OF BOUNDS!




Doesn't it at least "feel" like that? I mean - SERIOUSLY - WTFF?

"Where's the BEER? Where's the PUNCH?" [after last Friday] "Ewwww HEALTHY TOFU! :-("


"Who's to BLAME when parties really get OUT OF HAND? Who's to blame when they get POORLY PLANNED? (Crashers get bombed - Slobs make a mess - You know they'll even RUIN YOUR WIFE'S DRESS!" Can you pull it back in line? Can you salvage it in time?)...


What can you do to save a party? Parchesi? Charades? a spur of the moment Scavenger hunt? or QUEEN OF THE NILE?

OMG! What can I say, text, or tweet that hasn't been said already? OK... I'll do my best to give you my best TECHNICAL description of a PARTY GONE OUT OF BOUNDS (as I perceive the tape right now)... Then, I'll climb back into my OWN PRIVATE IDAHO...



So whatever... I'd conceded YESTERDAY that we might see 1204 (but after a point discarded the idea - & then bet a cheeseburger on it)... So I suppose this is the first time in history I have INDIGESTION the night PRIOR to a cheeseburger affair instead of AFTER... We'll see (because I'm not looking at E-mini's as we speak)...

I still say (keeping to the THEME)... That Wall St. & Washington (by keeping this rally going), are continuing to live in their OWN PRIVATE IDAHO...


(in the end) CV adores "barefoot Cindy" & Kate's voice!


& especially what they (&Fred) sing...


"Keep off the path, beware the gate,
watch out for signs that say "hidden driveways".
Don't let the chlorine in your eyes
blind you to the awful surprise
that's waitin' for you at
the bottom of the bottomless blue blue blue pool."

"Keep off the patio,
keep off the path.
The lawn may be green
but you better not be seen
walkin' through the gate that leads you down,
down to a pool fraught with danger
is a pool full of strangers."

"Get out of that state
Get out of that state you're IN"








142 comments:

McFearless said...

man, bears have to be getting pumped at this point.....

happy 4/20 to all you uh....gardeners.

Anonymous said...

How so McFearless? Any momentum bears had was put out yesterday. Quit trying to short. Seriously, explain how anyone short should be pumped.

McFearless said...

where does my post say to short with every penny you have, can you copy and paste that part for me?

how about you stop worrying about my posts and you buy those dips.....anon.

call me ahab said...

yeah- what b22 said- Happy 420 Day-

http://1.bp.blogspot.com/_fAJIWY5uxME/Rl6iXWVvpJI/AAAAAAAABv8/2Rineq_49S0/s400/bong%2Band%2B%2Bbongs.jpg

also- "My own Private Idaho"- the movie- w/ Keanu Reeves- talk about bizarre

call me ahab said...

another way to look at it-

this ain't no party
this ain't no disco-
this ain't no fooling around . . .


http://www.youtube.com/watch?v=NedwmkhHpKI

CV said...

The B-22's

That's McF's new group!

Mack said...

-b22
thats assault brother!

McFearless said...

Mack, do I know you? I must right?

spoonman said...

b22,
Curious why your so pumped also. I would've liked more follow through yesterday after breaking through the 1188-1190. I'm a bit short today, leaning against 1204, but this rally isn't necessarily over yet. Also, a blog(not mine) some of you might enjoy...And happy(belated) birthday, Karen and Bruce

Mack said...

B22-
haha..yes you do. thought you would enjoy that on earth day

Mannwich said...

Goldman alums receiving calls gently reminding them to STFU.

http://www.huffingtonpost.com/vicky-ward/goldman-sachs-alum-receiv_b_543109.html

I-Man said...

Yeah...

Quit trying to short, McF...

Pfft.

This snapback to 1205 is one of the best spots I've seen to take a short position since 1150. (The 1st time.)

Of course not all trades work out. Thats the way it goes. Doesnt mean you quit. If you believe in an idea you keep swinging at it until the facts change. Have the facts changed?



On a completely different note, RIP to Guru from Gang Starr. A great MC, you were.

McFearless said...

@spoon, etc.

the reason I'm pumped is because the wave pattern is coming to an end. I was fooled in early January, things are looking more promising now.

More importantly, a "bear" in blog land equals 200% short, which of course is stupid because I'm not making an all in short bet for every bearish comment I make. A "bear" in the real world is just someone that thinks the trend of prices will go down for a time. They can either sit it out and wait for the next buying opp. to go long or they can attempt to speculate on the short side.

We all know the rally can move into the mid 1200's, I don't think I'm saying anything that hasn't been discussed at length on this blog over the last several weeks so I didn't really feel the need to clarify a 2 am post with all of that.

Bottom Line: Make your own trades, don't listen to me.

How come when I said I was buying SPY for some clients a few weeks ago that was so easy for anon land to swallow?

Don't answer,....I already know why.

McFearless said...

@mack,

got it, pretty sure I know who it is, glad to see you posting. I knew with the assault comment you must know me. lol.

@I

"Of course not all trades work out. Thats the way it goes."

x2

spoonman said...

b22,
I understand how things can get blown all out of proportion in blog-land -- don't worry, I get the difference. Just curious what you're seeing here. My trade is small, short term, defined risk, all my own doing, etc, etc. Check out that blog I linked, if you haven't already seen it. Planet Yelnick, it's called. Right up your alley.

CV said...

@McF

Oh really?

I was under the impression that EVERY time you (or I made a BEARISH comment), then a "short" bet was booked on the INDICES... [snark]

We must be broke dude!

OK...gotta get back to work...Where are these INDICES leading us? (they are "leading the way" after all)...

McFearless said...

and spoon,

to be clear, I aint mad at ya, though the anon handles are a bit annoying. If someone wants to be bullish fine, but at least offer something, I've been giving my thesis here/Andy's/TBP for well over a year now.

Bruce in Tennessee said...

Good morning. Just another day, exotic dancers popping out of cakes, the usual day to day.

karen said...

Fantastic post, CV! you never cease to amaze and amuse! Loved that spx chart, hilarious but seriously simple and perfect. : )

Ben, I'm shocked, shocked you haven't jumped on the One Way Street train to the land where Nothing Can Go Wrong.. you do realize they serve free Kool-aid in every car.

spoonman said...

free Kool-aid? I'm in. They don't even serve peanuts on the D-train...

spoonman said...

BTW, I'm never anon, always spoonman

McFearless said...

karen,

see, I always preferred Freeze Pops this time of year. That must be it.

Short Kool Aid

Long Freeze Pops

ALL IN

McFearless said...

@spoon,

that PY blog is a good one, I have that one bookmarked.

I-Man said...

I think today is shaping up to be a real snoozer... probably stay range bound between 1205 and 1197.5.

I-Man said...

I think it will end up alot like last thursday.

Leftback said...

LB has a Golf Day booked on Thursday but wishes it was today. MAcro Man has already picked up the meme for the day.

On the bright side, LB's bounce combo has bounced. Well, the ERX part, anyway.

Mannwich said...

@lb: Had my first golf day of the season late yesterday. Beautiful late afternoon/twilight round. First 6 holes started very well, considering it was my first time out. Then it started to get a little ugly. Especially the back 9. Probably started rushing a bit. That tends to be my problem. Staying at a measured pace and concentrating for long periods of time. My restless mind won't allow it.

karen said...

Italian Bank Sues Citigroup Over 2007 Total Return Swap Pact
10:47 AM ET 4/20/10 By Chad Bray

NEW YORK (Dow Jones)--An Italian bank and two of its insurance units sued Citigroup Inc. (C) on Tuesday, alleging Citi misrepresented the risk of a fund-linked total return swap in January 2007.

The lawsuit, filed in U.S. District Court in Manhattan, alleges Citigroup made false and misleading representations that didn't allow Banca Carige SpA (CRG.MI) to access the true risk of the arrangement.

karen said...

almost a new high on C this morning.. 5.06. last thursday reach 5.07.. uncle needs to sell..

Mannwich said...

@karen: It looks like the lawyers will be kept busy and happy. I was getting worried about them. They should make out just fine this decade or more sorting through this mess. Everyone else? Not so much.

karen said...

Excuse me, America's Stock, I mean.

Leftback said...

Manny:

You play golf with your legs. That's why everything falls apart a bit at the end of the day. Walking and carrying on a course with big hills Thursday, I know I am going to be feeling it by the time I reach the 510 yard uphill 18th. Slow take-away and not over-swinging are the keys for me. That, and just enjoying being outdoors, and not being Lloyd.

CV said...

@LB

Your Bond Report (from Amen Ra's Candle Wrap thread yesterday)... was spruced up... If you want to go back and take a peek...

Lord Blankfiend said...

You don't enjoy being me? I enjoy being me !

Leftback said...

Very nice, there, CV.

Yes LB didn't want to rub it in. The Hammers are pretty dire. Liverpool are now on the way to Madrid, old style, by train to London, Paris, Bordeaux and then a hop in the air.

LB's team went up a division, LB is feeling every single one of his years this morning after a fast and demanding game last night.

Leftback said...

Karen,

America's Stock? or America's Schlock?
(or America's Shock when it has to recognize losses again...)

CV said...

Since the "indices" look they're busy doing

THE CURLY SHUFFLE

today...

I'm going to step out for an hour or two and run some errands...

@DL
I'll be sure to stop by McDonalds on the way back and pick up your Happy Meal (not sure if you get an "action figure" to go along with that)...

call me ahab said...

it will be interesting to see the numbers for building permits for April, May and the summer- could be worse than last summer-

since contracts need to be signed by 4/30 to get the home buyer tax credit and no permits issued in April will be able to take advantage of the tax credit- since it takes longer than three months to build a home to fulfill the 6/30 deadline for delivery-

homebuilder's could fall off a cliff-

guess we'll find out-

gotta roll out- all have a great day!

Nic said...

I am out and about today but hope you all have a fun one.
Rumours of a Greece arranged "bankruptcy", no idea how that would work - it just sounds like something eurocrats would like so the evil short selling hedgefunds cannot collect on their CDS bets.
GGB bund spread is highest ever, not good for Europe. SPY won't notice I'm sure.

Mannwich said...

Yes, lb. And I also have issues with the overswining thing, especially on the long par 5's. It gets me into trouble every time. I noticed that swung much easier at the beginning of the round but as the round went on I started swinging it harder and harder. Gotta find a way to stay calm and relaxed with my swing throughout the round. The temptation to try to be he-man out there is just too great out there sometimes but it's amazing how far the ball goes (and with accuracy) when you take a nice, easy, smooth swing. Overall, my putting was fantastic yesterday, which was a bit of a surprise. My chipping stunk, however, after about the 6th hole. That killed me.

I-Man said...

EURUSD is not confirming this move in SPX... that should raise a red flag.

DL said...

CV @ 11:56

No action figure.

But are you growing tomatoes there?

karen said...

A Magic Monday visual.. from bespoke.

Ironworker said...

@Mannwich-
"Yes, lb. And I also have issues with the overswining thing..."

I hate it when I overswine...gives me indigestion. (Grin).
IW

DL said...

Karen @ 12:23

October 19, 1987 was a Monday.

Mannwich said...

@Ironworker: OverswinGing...... :-)

Leftback said...

Manny, I try not to have DISTANCE thoughts on par 5s. Just have smooth thoughts, SIDEWAYS distance doesn't help. The chipping - it's all feel and practice.

GGB spreads are of interest only to BEARS. Not to JOHNNY.

Mannwich said...

Exactly, lb. It's also like blocking out water and other course hazards. Almost have to act like they're not even there.

DL said...

Bought an ESM0 on Friday; sold it a few minutes ago. Probably the SPX makes a new high soon, but I've got no long positions at this point.

McFearless said...

"homebuilder's could fall off a cliff"

nah, I heard homebuilder confidence is high.

Leftback said...

Our ERX swing trade is up 5%. Noice.

Manny, if I am looking at the back of the ball I can't see the water. Every time I look up early - I see a bad shot.

"homebuilder confidence is high."

Homebuilders have little to do since they can't build or sell their latest spec homes. So they are hanging with BRIAN and TAWNY and getting high until JOHNNY gets rich in this MARKET.

Anonymous said...

We're right on the weekly support for the EUR. It put up a good fight last time.

My going indicator for an impending fall has been a cross of the MA20 down through the MA50 on the 4hour chart. It happened last night.

It works till it doesn't.

bob

Leftback said...

BUCKY is showing signs of life. Tomorrow's trades will be improving BUCKY trades. The rebound in commodities is losing steam.

CV said...

@karen

Re: BESPOKE CHART...

I'm real disappointed... I'd think that the SPY would be "up" something like 85 Mondays out of the last 30...

Only 27? That sucks!

I-Man said...

Watch out for a mini squeeze in financials and banks going into the close.

I think those might get gunned a bit going into the earnings reports tomorrow before the bell.

mcHAPPY said...

This market is like watching paint dry.

Leftback said...

Greece just passed 8.0% on the 10-year. Did they WIN yet?

http://www.zerohedge.com/article/greek-10-years-pass-8-rumor-voluntary-bankruptcy

Agree with the I-Man, the magic momo mojo was transferred to Tuesday. Let's take a look at those oil/gold charts, eh? Do we have a lower high setting up?

karen said...

CV, think in terms of months.. the number of months it takes to have 27 mondays.. there are 52 weeks in a year! there is one monday in every week!

Leftback said...

Every Monday is Magic when The Lovely Karen is posting..!

CV said...

@karen

I'm aware of the math... I forgot to put my [snark] tag on that :-)...

Actually, in all seriousness... If you look at the slope of BELOW 15 days (during the 2008-2009 period), and the return to par, the chart doesn't appear [to me] to be all that unusual (save for the most recent spike which is a little higher than previous spikes)...

DL said...

LB @ 1:37

That yield is worth keeping an eye on.

Perhaps a yield of 8.3% (or thereabout) will be the trigger for the next correction here.

Would also be nice to see a chart of the price of CDS's over time.

Leftback said...

8% on sovereign debt is unsustainable.

Greece is toast. Default is coming.
Dollar, yen and gold to rally?

Mannwich said...

Cramer advising you to buy more C.

Mannwich said...

I smell a TLT rally as well.

McFearless said...

Mannwhich,

Well, considering C and a handful of other insolvent companies are roughly half the market, that seems to make sense right.

There is a new form of analysis that is sweeping the nation. What you do is you look at the color of the numbers next to the index you want to trade at the end of the day. Green = Easy, we are going higher, Red = dip buy. Everything else can (should) be ignored.

Nic said...

UFB
http://www.zerohedge.com/article/truth-behind-governments-citigroup-stock-price-manipulation

Nic said...

Weekly hammer and daily hammer lined up on EURUSD, I feel bad for the peeps that would have got long.

Mannwich said...

A GREAT blurb over at ZH:

"Yesterday's disclosure of the 3-2 vote by the SEC to pursue fraud charges against Goldman is just the tip of the iceberg demonstrating how far the tentacles of the Wall Street syndicate reach. Republican SEC commissioners Kathleen Casey and Troy Paredes should immediately resign their posts at the SEC if they are truly unable to spot blatant 10(b)-5 fraud, as opposed to just "expressing" an opinion determined by a few extra Christmas ski trips funded by the Cephalopod Society of America. In which case we understand - at this point the only act that will bring felony charges against American citizens is not being corrupt."

Mannwich said...

No kidding, ben. Just surreal.

DL said...

Mannwich @ 1:56

It's not only a question of whether a law has been violated, but also what damages a court would likely award, and whether the SEC is willing to settle for an amount of money that is commensurate with what they could win in court.

McFearless said...

DL,

why are you so convinced it's all about the money that needs to be paid out in the end. Maybe I'm misreading your comments that you left here along those lines as well as at TBP? do you not think perception matters at all on Wall Street. This is not about the size of the fine dude.

DL said...

McFearless @ 2:02

There's a whole range of issues, and they may be categorized as moral, legal and political. I think that one should look at all three, but at the same time, to consider each individually.

Yeah, I think that many of the employees at GS are sleezebuckets. But that's separate from the legal analysis.

One of the many questions I have here is whether or not GS would be able to drag this thing out until after November of 2012. If so, Obama's going to be forced to settle, if he wants to get any political benefit.

Leftback said...

EURUSD and EURJPY really have to crash here. Either the ECB bails out Greece and the European banks with a massive printing effort

- Euro FALLS,

or Greece defaults and European banks take massive write-downs.

- Euro FALLS.

Best of all, DISORDERLY CARRY UNWIND is likely... and it is close.

Leftback said...

LB no longer watches the market, intra-day, unless initiating a position. Once a trade is started, LB already KNOWS the day's playbook, and simply sets stops and ignores the action. Does anyone else experience this?

This isn't a healthy market is it?

Leftback said...

The end of Mark-to-Mythology?

Banks Hidden Debt

DL said...

Quite a few of my trades have resulted from limit orders placed the night before the NYSE opens.

karen said...

Bondgirl on GS (apologies if this was posted already.)

DL said...

There's very little controversy surrounding the morality of GS's conduct.

The controversy is primarily on the legal side (and to a small extent on the political side).

I-Man said...

GS will probably either go private, or be broken up into an investment bank and a trading company.

Leftback said...

GS will revert to being an old style investment banking partnership, like LAZ used to be. Very quietly, LAZ may end up being one of the winners.

Prop may end up being a dying industry. Of course it adds nothing, except perhaps efficiency and volume.

CV said...

If this is the top...

It's going to be the ZZ Top, as in:

ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ

Mannwich said...

@leftback: Nothing substantive ever happens intra-day anymore anyway. A waste of time to watch all day for me. I stopped a long time ago but check in every few hours.

CV said...

@Mannwich

Hey Jeff, I just found out where that ball you sliced off the 15th tee ended up...

http://www.msnbc.msn.com/id/36664196

OLYMPIA, Wash. - A gray whale that died after getting stranded on a West Seattle beach had a large amount of garbage in its stomach — ranging from plastic bags to a pair of sweat pants and even a golf ball.

Mannwich said...

Barofsky looking into GS:

http://www.zerohedge.com/article/criminal-charges-next-barofsy-coordinate-doj-see-if-us-taxpayers-were-victims-goldman-fraud

mcHAPPY said...

http://www.marketwatch.com/story/uptrend-intact-sp-500-maintains-first-support-2010-04-20

Well there you have it. Bears have run out of ammunition both fundamentally and technically.

Mannwich said...

Wow, that's awful, cv. I'm glad that COULDN'T have been me here in very landlocked Minny!

Leftback said...

Indict those bitches.

Solid day for HY, basically we see selling of 2-5y and buying of junk. Long end of the curve doing nothing. A baby flattener.

Mannwich said...

Comments being eaten again by the comments monster.

Bruce in Tennessee said...

Well, for everyone who has fallen asleep...I still remember, what 24 months ago, when the "Investment Bank Model" was dead.

http://www.cnbc.com/id/26029724/Why_the_Investment_Banking_Model_is_Dead

...It sure is reassuring to know we won't have to worry about being conned again. Slow day in the salt mine, too. Apparently the really ugly people are on vacation this week..... :)

Leftback said...

Salt mines have many slow dayze.....

karen said...

Priciest Home in OC Up for Sale Again

Two years after a waterfront home in Newport Bay was sold by actor Nicolas Cage for an Orange County record price, the mansion’s new owner has but the property back on the market — for $3.25 million less than he paid for it.
Jerry Herbst, owner of the Las Vegas-based Terrible Herbst chain of gas stations and casinos, paid $35 million for Cage’s home on Bayshore Drive in January 2008.

McFearless said...

I think insight into the ponzi is given when you consider that I could replicate what GS is doing on a small scale if I wanted to.

@mcHappy,

that's some of the worst TA I've ever seen, 2:49.

I-Man said...

Just like there is always one last shot to rip the face off of shorts, there is always one last shot to trap longs.

mcHAPPY said...

@Ben

Yes. I posted it with tongue not only in cheek but down my throat.

Here is another:

VXX set a new all-time low of $18.51 a share on Tuesday as stocks were climbing for the second straight day. Its 52-week high is $101.07, by the way. Yikes.

http://blogs.marketwatch.com/etfblog/2010/04/20/vix-futures-etn-sets-fresh-low-after-brief-goldman-spike/

AmenRa said...

Trying to stay awake watching this boring market.

CV said...

@Amen

I'm actually kind of happy that it's dull...

I'm getting a lot of errands out of the way...

Leftback said...

No BOND REPORT today. Too effing boring...

DL said...

LB

You're fired.

Leftback said...

Closed ERX for a profit.

All right, all right. I'll find something to write about....

CV said...

WTF was that last 1 min candle?

Leftback said...

Shorted a bit of silver. Just for fun.
BUCKY looks ready to take flight on news of GREEK RUIN.

CV said...

@Amen

I also want to know what the hell you call that collection of the past 5 DAILY candles on SPY

karen said...

..effectively all government receipts (personal income taxes, corporate taxes, various withholdings) are going right back out the door to fund Social Security/healthcare/unemployment/etc. All other government expenditures need to be financed.

Leftback said...

INTER 3 BARCA 1. Wow..... The SPECIAL ONE at work.

Leftback said...

Karen,

True, and at the state level the ledgers do not balance at all.
California is Greece with bells on.

Leftback said...

Lemme see, if there aren't enough dollars, people will start hanging on to dollars and it is going to be a BUCKY RALLY ahead....

Drachma forwards are up..

karen said...

another post of mine got eaten..

Goldman Shorted The Housing Market BEFORE It Sold Abacus To Those Idiot German Banks

http://www.businessinsider.com/henry-blodget-goldman-shorted-the-housing-market-before-it-sold-abacus-to-those-idiot-german-banks-2010-4#ixzz0lfnD5DDp

http://www.businessinsider.com/henry-blodget-goldman-shorted-the-housing-market-before-it-sold-abacus-to-those-idiot-german-banks-2010-4

Leftback said...

The Bond Report 4.20.10

So you thought there was NOTHING interesting to say? Well, you were right - but here it is anyway, a risk-on day, baby, as HY was gobbled up enthusiastically by investors as JNK continued with the most massively predictable range trade of recent months. IG was also fairly strong and so was the long end, the only weakness being at the short end of govies as money flowed out of 2-5y Ts into riskier credits.

Corpies: LQD 0.22%; AGG 0.16%; JNK 1.16%; HYG 1.08%;
Govies: TLT 0.36%; IEI -0.05%; TIP 0.24%

We sat on another unsuccessful hedge for the time being. Greece is a likely culprit for the strength in USTs lately, and EVEN if it isn't anything to do with it, SMARTY, it certainly helped us to wrap up another edition of THE BOND REPORT. Stirred, not shaken.

McFearless said...

Karen, 4:07, is that the fundamental ammo that bears are "out of" according to McHappy's MarketWatch link.

I mean, what better news is there that we are flat broke?

Leftback said...

Best of all, we get to do it all over again with Mr Market tomorrow...!
Bye all, LB needs a long hot soak in a hot bath.

DL said...

McFearless,

I don't know about "flat broke".

We can always sell off the states of Alaska and Hawaii, for example.

(We could even sell the state of NY to the Chinese; Leftback would have to learn Mandarin).

72bat said...

anyone read this yet? a real stomach turner.
denninger provided the link to william black's written testimony for the House Committee on Financial Services regarding "Public Policy Issues Raised by the Report of the
Lehman Bankruptcy Examiner"

CV said...

Let's sell Hawaii RETROACTIVE TO, say, 1960...

That way, Obama wouldn't be a citizen FOR SURE (and we wouldn't have to go through all this Supreme Court rigomorol)...

DL said...

CV,

Great idea.

I-Man said...

AAPL halted

Q's being bid up...

Leftback said...

DL,

Cāo nǐmā!

Leftback said...

Movin' On Up.....!

Foreclosures Moving to Mid to High End

karen said...

bat, as if my stomach wasn't turned enough today! i'm skimming it now and my jaw is agape. (no need for the grave monument, cv, thanks.)

McFearless said...

perhaps we can get new highs off aapl tom. and complete a pattern here. AT pointed out that it was unlikely to top on the Goldman news, which was "bad".

karen said...

(not sure if my post disappeared or i pressed a wrong button.)

bat, my stomach was churned enough today! skimming that now with jaw agape! (no grave monuments, cv, pls.)

I-Man said...

AAPL back at 264 and climbing.

Mannwich said...

Market rally monkey continues tomorrow and beyond! All hail the new bubble! In comes AAPL earnings to save the day at just the right time. Sure, we're broke, but we all have I-thingy's to medicate and sedate. What could be better? AAPL to $400 and beyond!

I-Man said...

AAPL makes "i-Thingies"...

There is only one I-Man.

I-Man said...

AAPL is not worthy of the capital "I".

karen said...

breaking news! my favorite airline now has service to toronto!!! Virgin America!

karen said...

Hey, my friends bot an ipad (and two shares of aapl :) recently.. i was enthralled with it and want one myself now.. i want to wait for the phone feature.. but if all you used it for was a foto album it is worth the price.. and then there are all the apps! the weather app alone is invaluable.

seriously, i loved it..

karen said...

and in yet other news: HousingWire

Mortgage Insurer MGIC Posts $150m Net Q1 Loss: MGIC Investment Corp. (MTG: 11.06 -11.59… http://goo.gl/fb/RRPlj #hw

Mannwich said...

Really karen? I dunno. It just seems like more junk in the house. I hate accumulating more crap....

Mannwich said...

@karen: Is that one BTE? I'm sure it will rocket 50% higher tomorrow.

Anonymous said...

Karen,

A $500-$1,000 photo album?

b22/McFearless/Bear

I-Man said...

Bear22

CV said...

NEW THREAD UP

karen said...

i was completely skeptical of the ipad until i had it in my hot little lap.. laughing..

ben, add up all the money people spend on photo albums and frames and it turns the ipad into pocket change.. besides, it run for free on your wi-fi.. so you can read in bed or surf in bed comfortably.. and it doesnt get HOT like the laptop.

so initially my friends justified it thus.. they had one macbook between them and they always wanted to use it at the same time in the evening.. for $500 problem solved! a LOT less than a another macbook.

McFearless said...

I think I might actually like the ipad, but I really have this hang up about no keyboard, I'm not real big on the touch screen.

McFearless said...

Karen,

sometimes that hot laptop is nice though, we get snow on this side of the world remember :).

karen said...

Ben, I honestly thot the product was absurd.. until I used it.. that's all I can say.. My main thot was, why do i need that on top of a macbook and an iphone? Well, I certainly answered that for myself.. I would never touch another page of newsprint if I had that, too. Every page, every pic, is a perfect movie still!

CV said...

I think I'd like one eventually...

But my issues with having bought 1st generation MAC products in the past will make me WAIT until the little nuances are worked out...

It's one thing tossing out an iPOD or iPhone after 2 years...

This is different...

CV said...

All you'd have had to do was buy about 5 shares of AAPL back last March and the damn thing would have paid for itself in the end...

I-Man said...

I'm amazed at how many of those i-things they've sold...

karen said...

i posted on new thread but blogspot hates me as much as my stocks do!

Blogspot said...

Karen,

I hate you.

The Artist Formerly Known as Leftbach said...

Hot little lap?

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