WEEKEND EDITION

Tilapia nilotica have become the culinary opposite of catfish: they actually taste good without breading and spices. Members of the Cichlid family from East Africa, the several tilapia species and their hybrid sub-varieties, look much like snappers or perch, and can live in either fresh or brackish (salty) water. These "perfect fish" are 98% vegetarian, thrive on agricultural waste, and grow rapidly in relatively high temperatures...



Tilapia has been dubbed "the aquatic chicken", because it can be grown in a variety of situations from backyards to intensive "battery" farms...

By expanding the uses of indoor systems, tilapia production could expand in areas closer to major markets. U.S. growers can focus on fresh and live fish sold at a premium price compared to imported frozen filets. Tilapia production is already dispersed throughout the United States...

Some growers have experimented with mixing hydroponic vegetable growing with Tilapia production... These hydroponic gardens can be scaled to any dimension (and are even a solution for URBAN environments because plants can grow with 2% of the normal H2O use, don't require agriculture fertilizers, and because they are pest free, don't require poison pest controls...

Overall consumption rates in developed nations have increased fantastically in the last decade. More importantly, poor quality frozen imports have lost market share and higher quality fresh and frozen imports have gained share. If you hated it the last time you tried it, its time to try again:

Various South American and Asian nations have emerged as major US and European suppliers of high quality tilapia filets. One way to stay clear of the careless third world aquaculture of Tilapia, is to "Homesource"; and one way to do that is by getting some background from the American Tilapia Association. They have a link to US-based tilapia farms...

There is little chance of the exotic Tilapia surviving year round in the natural temperate waters of the northern half of the US or far northern Europe. In warm regions, however, they can become pests that disrupt native ecosystems...

Being bottom feeders essentially (in nature), yet TOP FEEDERS in tanks, they are vulnerable to rapidly bio-accumulating pollutants that concentrate in sediments. Which is another reason to favor "quality" farm razed fish over wild, (the closer to home, the better)...

Nutrition is outstanding...

There are many delicious and simple recipes: The most basic - fry in virgin olive oil with garlic and black pepper. Salt and sprinkle fresh lime juice before serving.

Anyway, mine is up and running...

66 comments:

CV said...

Seems that a few of us are up early...

A couple of days ago I ordered a new "small energy" producing wind power vane (to power the pumps for the AQUAPONICS)...

It's being delivered today (and we're supposed to be getting some high winds today (30-40 mph gusts)...

I doubt I'll have it up in time for that (and frankly wouldn't even try in that environment)... But it's kind of ironic... It 'feels' like I'm getting a BLESSING FROM ABOVE on my initiative in constructing this system...

Man though... it would be sweet if that propeller had been up already... Wind power gererators increase EXPONENTIALLY their storage in high winds...

If you watch coal prices, oftentimes you can literally see DROPS in the coal market in Europe when you get a weeklong pattern of weather off the coast of Spain that revs those wind farms up...

call me ahab said...

I fry 'em up like sunfish- until crispy-

a bit of salt and pepper and lemon-

damn tasty

Bruce in Tennessee said...

Even if they don't voice it, CV, (or won't voice it) it appears the MSM is not totally clueless.

http://www.youtube.com/watch?v=SRNrl-858qA

...The world has no money....he said.

McFearless said...

I actually don't mind cat fish....

C,

I'm interested in hearing what kind of power you can generate with your new vane, please keep us updated on how that is working, I always thought it was a great idea you converted tha truck to natty and have the storage tank of nat gas.

Anonymous said...

Morning
Pretty slick set-up CV
Where did you get your starter fish?
My project is pumping water from my pond to water my pastures, need to lift it about 50 feet, any suggestions?
Foghorn

CV said...

@Foghorn

Calculated as follows:

Energy Required = weight of water x feet of lift...

- Weight of one acre-foot = 325,851 gallons x 8.345 pounds per gallon = 2,719,226 pounds

1) Lift = 1 foot

Energy Required = 2,719,226 pounds of later x 1 foot of lift = 2,719,226 ft-lbs of energy

2) Lift = 50 feet
Energy Required = 2,719,226 pounds of water x 50 feet of lift = 135,961,300 ft-lbs.

Power or energy, especially electric power, is usually measured in kilowatt-hour (kWh) rather than ft-lbs. The conversion from ft-lbs to kWh is simple enough.

1 kilowatt-hour (kWh) = 2,655,220 foot-pounds (ft-lb).

Therefore your case would be calculated as follows:

1) Kilowatt-hour = 2,719,226 ft-lbs/2,655,220 ft-lbs per kWh = 1.02 kWh. X 50 ft-lbs (lift)...

---

But you'd just be getting started there...

Then you'd have to PRESSURIZE it...

Drip and sprinkler systems are operated at 20 to 40 pounds per square inch pressure (psi).

1 psi pressure = 2.31 feet of water head

The energy required to create a pressure of 43 psi is the same as the energy required to lift water 100 feet. (so you're basically repeating the process to distribute it...

Note: This energy requirement assumes 100% efficiency in the pumping plant.

---

That's why CV doesn't recommend going that route unless you either have big bucks, or are doing commercial agriculture...

I recommend smaller "scalable" systems... (more importantly, MOBILE)... IOW, you could disassemble the system and move it if you needed to...

To avoid the high costs of PUMPING & ENERGY (or to "reduce" them as much as possible), use gravity to your advantage... Get your water stored HIGHER than where it's eventually used... For that, you need containers and filters (which can also be expensive - but save in the end because you avoid the energy cost of elevating foot lbs of water...

I have SEVERAL "mini-containment" systems going at once (which is also a benefit should one of them break down and require backup)... It also allows for casual service without overall disruption...

But these are just my ideas for a "small fry" operation...

mcHAPPY said...

@Ben

I read the April EW Theorist. That is required reading for everyone whether you believe it or not, it should be at least considered.

mcHAPPY changes his opinion and is 100% behind Nic's top. This bear market rally is done.

Anonymous said...

CV
You frickin amaze me!
Found what I need at Northern Tool.
Looks like it will cost around 600 to get set up.
It looks like a dry summer and I've worked too hard to just let my pastures burn up.
Not while there is a spring fed creek running through it.
Thanks for the reply.
Foghorn
Onward, thru the Fog.

McFearless said...

McHappy,

I just tried to post the last page of that letter here with the 7 bullet point tech indicators, mainly for the benefit of our mutual pal anon that seemed so confused about why we might short.

Well, the post was eaten or something so I'm too lazy to write it all out again, people will have to read it for free.

I agree with you, it is required reading.

I-Man said...

The bredren has a beautiful mind... even if misguided at times.

:)

I-Man said...

Speaking of irrigation...

I and I need to plant some bamboo.

I-Man said...

Going for something like this... but more trick, for my container garden area. Gonna feed it from one of my rainbarrels.

I-Man said...

Damnit...

http://redstartstudio.com/?p=718

McFearless said...

simple prediction regarding this article:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aXqj4aOeeQ6A&pos=3

really strict rules will be put in place after p3's "precther point" is over. too late by then of course. there is nothing that can be done at this point to stop what is coming.

I hope people around here that haven't prepared are at least considering it after last week. it would be wise to have some cash on hand, especially if you have kids.

Anonymous said...

I once watched a documentary/report on Tilapia farms that suggested that some farms feed Tilapia their own excrement--they collect the excrement at the bottom of the cages/ponds and then reuse it. After that, I stopped buying/eating Tilapia.

Hopefully someone can tell me this practice has changed or perhaps there is someway to know when Tilapia is NOT raised in one of these fish farms.

Tyler said...

A little Saturday afternoon music you say! Why of course I'll oblige. But first you must entertain my story:

During trading yesterday, I was having a discussion with someone regarding block trades. That individual was citing the publicly available figures for block trades (trying to determine how great the selling pressures were yesterday) and I said that that was just tip of the iceberg info and far from a complete picture due to the all the transactions that occur on the opaque alternative trading venues, commonly known as _____.

You see, for whatever reason, I couldn't, for the life of me at the time, remember what they are commonly called. Anyway, the answer, of course, is "dark pools".

Now, this morning, I knew that I had copied, sometime in 2007, large portions of text from several articles about dark pools. Curious to the actual date/timing of those articles*, I took one of the first notable sentences from one of them that I had stuffed into a text doc and typed it into Google, expecting it to find a match. Indeed, it did. Now, while I suspect I had copied from a reprint that appeared in the Financial Times or Financial News, this very first article I checked upon appears to have been originally sourced from the NY Sun. The google hit list provided several links in which the sentenced was quoted. One of them, however, proved to reveal that it wasn't quite a quotation. No siree Bob, I'm not too fond of misrepresentation. If you wish to check for yourself, you need only search for the word "anonymity" within the following two links:
* NY Sun
* jim the financial plagiarist

And so, having come to the end of my story, you will now also know the inspiration for today's musical selection:

You say: "ere thrice the sun hath done salutation to the dawn"
and you claim these words as your own
but I've read well, have heard them said
a hundred times (maybe less, maybe more)
if you must write prose and poems
the words you use should be your own
don't plagiarise or take on "loan"
there's always someone, somewhere
with a big nose, who knows
and who trips you up and laughs
when you fall
who'll trip you up and laugh
when you fall
You say: "ere long done do does did "
words which could only be your own
and then you produce the text
from whence was ripped


You lose Jim.

* PS: the timing was not when I thought it was (I was expecting them to all have been dated from the summertime, around/related to the BSC hedgie blowups)

mcHAPPY said...

@Ben

You can lead a horse to water but you can't make them drink!

I found the cycles very interesting and the technical indicators were definitely a Warning Sign.

Here is to the next 6 years!

Anonymous said...

@Ben, thank you so much for P3 education. I was reading your comments from yesterday morning's thread - Prashant, from India was worried.

My view on India( I was born in India, still have property, family in India):

India has so many problems:

-Corruption
-China/Pakistan interfering in domestic affairs through state sponsered terrorism(Kashmir, Nagaland)
-literacy(66% total, female -54%)
-population control
-religious and language diversity( 22 languages) - gives rise to regionalism
-dewindling resources like fresh water and productive agriculture land.

Corruption is so entrenched( even medical staff ask for bribes in Govt. hospitals to treat patients ( my personal experience). Corrutpion from state politicians to very lowely peon.

Here is a story from the Globe and Mail :

"Bombardier's train passage to India".www.globeandmail/report-on-business.

The Canadian manufacturer has put a lot on the line...but the BUREACURACY and BAKSHEESH(bribes) pose a big problem.

For a foreign business to succeed in India, it seems, the devil is always lurking in the details.

It's not red tape, it's navigating through WIDESPREAD CORRUPTION, or finding suitable local suppliers and qualified workers..

Good luck to anyone who thikns EMs will be ok if there is a P3.

Perhaps, what you are saying is that their standard of living is so low, that they'll not notice whether there is P3.

DL said...

CV @ 8:05

I'll be curious to see how much power you get out of that thing.

Post a picture after you've got it set up.

(S'il vous plait).

McFearless said...

Anon,

so I'm being a little more clear on what I said yesterday. It's not that the EM's will be spared during primary wave 3, they won't, I'm short China for example. The point I was trying to make is the market in India is not on the same wave count as the one here in the States. It is the US that Primary wave 3 is most significant for.

It's interesting that both you and Prashant mentioned some similar things about business in India, corruption, etc. Sounds to me like negative social mood, I'm not nearly as informed on India as I am about the US but your comments might in fact reinforce the idea that a large bull market is coming to India.

Also, things like population "control" are a major Socionomic theme for this bear market and it is a global theme. While control over population isn't something we are dealing with in the states, we are seeing many different signs of control, such as extensions of the Patriot Act that Obama recently approved.

Good luck to you.

Nic said...

Anon @3:14
IMHO the countries that are going to do the best are the ones that have the least debt and have the ability to tax their citizens much more without the danger of civil unrest.
In this respect I don't think India will do that badly. Or China, despite the bubble warnings, but the reason everyone worries about China (and other EM's) is that is where they are banking on growth coming from there and it isn't going to happen.
Chile is looking better and better to me, I always wanted to go there.

McFearless said...

I'm seeing these comments all over the place:

"Not that I was Obi-Wan sending buy orders, but we went sub 10,000 on the DJIA and I took 10% of my cash (all cash since 4/15 except GS) and plowed limit orders in on a few opportunities. I was very late and missed a few things (I ran for PG and missed/almost cried) but I caught a few deals (AAPL at 220, GE at 16ish, CENX at 11)"

You see, when you know for certain we are going to 12,000 once you go sub 10 everything is a "deal".

Buy the dips all the way down?....I think a few might.

call me ahab said...

b22-

dude those comments make me laugh-

appears the poster was all cash on 4/15- so maybe he is just looking for a quick trade

Anonymous said...

Nic @ 3:37.

Re taxes in India. Situation is like Greece. Nobody wants to pay taxes. India is like the former U.S.S.R, a socialist regime. A few months ago Fitch rating agency had warned India about its debt. India thinks they can pay off their debt by divesting only 10% of its share in major industries like Coal, Steel, Fertilizer etc. That plan hinges U$D.

U$D is still king. Notice if market in the U.S. down, Asia is most certainly down overnight.

call me ahab said...

"EU Works on Plan to Stop Greek Crisis From Spreading"- CNBC

going to pretty much play out like this I imagine-

http://www.youtube.com/watch?v=oP08RMumatI

Anonymous said...

On the disaster in the gulf
From here:
http://www.drillingahead.com/forum/topics/transocean-deepwater-horizon-1?id=3116006%3ATopic%3A99042&page=9#comments


"I continue getting calls asking what happened on this problem so here’s a response from a friend in the oil business with possible inside info on the blowout. Please keep in mind this is an “UNOFFICIAL” report so this may or may not be factual. However, the scenario as written makes reasonable sense as far as I am concerned. The focus needs to be on well control now and not speculation as to what may or may not have happened. BP, the MMS and most likely a third party will certainly provide a very in-depth investigation which will be the official report. Having said that I would certainly not look forward to a copy of that report as it will be furnished only to those in need due to the possible liabilities of the findings."



Details as conveyed to me:

This well had been giving some problems all the way down and was a big discovery. Big pressure, 16ppg+ mud weight. They ran a long string of 7" production casing - not a liner, the confusion arising from the fact that all casing strings on a floating rig are run on drill pipe and hung off on the wellhead on the sea floor, like a "liner". They cemented this casing with lightweight cement containing nitrogen because they were having lost circulation in between the well kicking all the way down.



The calculations and the execution of this kind of a cement job are complex, in order that you neither let the well flow from too little hydrostatic pressure nor break it down and lose the fluid and cement from too much hydrostatic. But you gotta believe BP had 8 or 10 of their best double and triple checking everything.....


foghorn

Anonymous said...

I strongly recommend reading that blog
You do realize BP was responsible for cleaning up Alaska don't you?

From here:
http://www.truthout.org/slick-operator-the-bp-ive-known-too-well59178


I've seen this movie before. In 1989, I was a fraud investigator hired to dig into the cause of the Exxon Valdez disaster. Despite Exxon's name on that boat, I found the party most to blame for the destruction was ... British Petroleum (BP).

That's important to know, because the way BP caused devastation in Alaska is exactly the way BP is now sliming the entire Gulf Coast.....

foghorn

Nic said...

McF
Re those comments, I am seeing them everywhere too. I know bulls who are absolutely kicking themselves that they didn't get some bargains, it is all over the blogosphere. I am certain that if we dip again or retest those lows they won't miss next time. I really think we have some choppy trading to come.

McH - re "my top"
It really bothers me we didn't ding that 61.8fib in the SPX. I would not be surprised if we make a temporary new high and touch it before we really go down.

I think its a time to trade very carefully, whether you are bullish or bearish.

call me ahab said...

Nic-

it always makes perfect sense what someone should have done- once the smoke clears-

but while it's happening- people are hunkering under their desk petrified-

when do you buy- when it's down 500- or 750- or 1000-

who knows where the end is until it's over?

But now- everyone thinks they have it figured out- now they think they know what they will do-

but what will really happen- they will be hunkering under their desk yet again- because they will not know when to pull the trigger-

no-one does when the floor falls out and the market is dropping 100 pts at a clip

Anonymous said...

@i-Man

Bamboo - IMO - Is a definite MUST...

Bamboo is strong as hell and can be used for everything from building, to irrigation channels... It grows fast too...

The thing is tho... if you plant it, be sure to CORDON OFF your area... The root system is pervasive and aggressive... It'll start taking over if you don't keep it contained... Once it takes over, it's very hard to remove...

Just dig a deep ditch around it, and barricade it with some filler that the roots can't get by...

CV

Anonymous said...

@Anon (2:54)

Well, one way to avoid that would be to raise it yourself now wouldn't it?

CV

Anonymous said...

Here is a radio interview with a survivor.
http://www.marklevinshow.com/Article.asp?id=1790422&spid=32364

From my amateur footwork and in talking to a buddy who drills deep wells, on land, the first problem was the drilling mud.
According to him, they were getting more mud out of the hole than they were putting in, meaning the mud was compromised with gas particles.

This explains it better than I
it is from drillingahead.com
---------------------------------------
http://www.telegraph.co.uk/news/worldnews/northamerica/7673223/Tony...
http://www.guardian.co.uk/environment/2010/may/03/deepwater-horizon...

Drums Elementary has completed study of 18 offshore oil well blowouts in the Gulf of Mexico for BP plc. Faculty and parents, the cause of all 18 oil well blowouts was gas cut (lightened / thinned) drilling mud. You see parents and faculty, when drilling through an oil bearing zone, the drilling mud often becomes gas cut lightened (mud weight reduced) and thinned (mud viscosity reduced). Defoamers are added to restore the drilling mud back to a safe, non-frothy, heavy weight and viscosity. But they do not work in extreme gas cut muds. The ONLY way to fix the problem is to circulate the oil well with NEW drilling mud, and dispose of the OLD gas cut mud (a costly process, its a toxic waste). BP plc, et al, in all 18 Gulf of Mexico oil well blowouts, Operators skipped that costly step. Schlumberger logged BP plc's blowout, Horizon ran production casing, and Halliburton pumped the cement, with frothy (like a head of beer) gas cut mud in the hole. Sometimes it works, sometimes it does not. AGAIN, it did not. BP Chief, next time, circulate NEW non-gas cut drilling mud. Defoamers fail in high concentrations of gas. Drums Elementary, Valley Chief, 1st Grade (6 year old)

http://en.wikipedia.org/wiki/Mud_engineer
http://en.wikipedia.org/wiki/Defoamer

Garry Denke
----------------------------------------
Forgive this guys' sarcasm re the elem. school.

foghorn

call me ahab said...

foghorn-

wow- thanks for the reporting- appears BP is in for a parade of lawsuits

call me ahab said...

. . .and this from ZH-

"for all you retail investors who think this market is anything but a two-tiered playground built now exclusively for Wall Street to fleece you every single day, our advice is to get the hell out. Everyone else already is. . ."

pretty cut and dry advice there

Anonymous said...

ahab,
BP is essentially a dead man walking.
Here is some more stuff,

http://en.wikipedia.org/wiki/Deepwater_Horizon_drilling_rig_explosion

The fact all safety mechanism failed cataclysmically is somewhat disturbing.
The fact close to a million gallons of oil is flowing daily into the Gulf is somewhat disturbing.
The fact a hurricane can pick this crap up and deposit it on my ranch is somewhat disturbing.

Time for a beer.
Thanks for the shout out.

foghorn

Anonymous said...

From here:
http://www.chron.com/disp/story.mpl/ap/top/all/6996543.html


ON THE GULF OF MEXICO — A novel but risky attempt to use a 100-ton steel-and-concrete box to cover a deepwater oil well gushing toxic crude into the Gulf of Mexico was aborted Saturday after ice crystals encased it, an ominous development as thick blobs of tar began washing up on Alabama's white sand beaches.

The setback left the mission to cap the ruptured well in doubt. It had taken about two weeks to build the box and three days to cart it 50 miles out then slowly lower it to the well a mile below the surface, but the frozen depths were too much for it to handle.....

--------------------------------------

That was about the dumbest shit in the history of man.
Hope is not a strategy.

foghorn

call me ahab said...

following up on foghorn-

"If the dome plan fails, BP faces the prospect of drilling a relief well to cut off the leaky oil well, which could take two to three months. A giant oil slick from the gush of oil threatens to create an environmental disaster for four Gulf Coast states."

wow- months no less- quite the nightmare for BP

Nic said...

It snowed here today and has been blowing 40kts sideways all day :(
so

I designed myself a t-shirt.

call me ahab said...

so what is the toll free # to order a commemorative t-shirt(-:!!!

call me ahab said...

comical-

"Sudden Selloff Rattles Small Investors' Faith in the Market"- CNBC

"As the Dow Jones Industrial Average fell another 140 points Friday and wiped all of 2010 gains, financial advisers are fielding a flood of calls from concerned, confused clients.

"They're already fragile at the moment, with Greece, Goldman, the oil spill. There's a sense that the people who are supposed to take care of us aren't taking care of us,"


gee- and I wonder if the financial crisis that we are still in has escaped anyone's attention?

"Advising individual investors on how to respond to this week's downturn will be a big challenge for wealth managers."

and we can only wonder what that advice will be?

Bruce in Tennessee said...

"and we can only wonder what that advice will be?"

Well, Jim Cramer says don't buy until we go below DOW 9000..... :)

Bruce in Tennessee said...

OK fellow newly-minted European socialists:

I extend the arms of comrade fellowship on this beautiful Sunday morning. I have a few simple thoughts (my only kind) rolling around this weekend. First,since the methane ice is plugging the vent hole on the cork of the BP mess, I foresee a long downturn on the gulf coast states' economies. I for one, have vacationed in Destin and Pensacola, lived in New Orleans, and why would I want to take a few days if oil balls the size of golf balls are now on the beaches?

Are there any countries that want to live without new debt? I am wondering...

I have seen a rash of verbally hostile patients in the mine over the last few days to what is happening to the medicare system. And AARP, if I could short them, it at least locally, seems like it would be a good idea.

And sadly, most of the girls I thought were hot in high school, when I see their pictures on Facebook, they all appear that they outweigh me. I think were I to see them in a bikini, I would need a sharp stick in the eye.

Took some great pictures at Fiery Gizzard yesterday. Simply one of the most beautiful areas in East Tennessee. And one of the most impoverished.

McFearless said...

Hmm, Bruce, I seemed to recall this little dance by Cramer in 2008, he was a super bull just a few weeks ago when he was so serious about saying Goldman did nothing wrong, which he then flipped. When the DOW is back at 7k he'll say "if you need your money in the next five years get it all out" and then when the dow is at 4k he'll begin work on his new book

"Getting Back to Half"

a follow up the NYT Bestseller

"Getting Back to Even"

What ever happened with the SEC investigation of TS.COM?

Bruce in Tennessee said...

Exactly, Ben. Cramer, like Buffett, benefited from managing money in a stable time. I can understand why, when a network is owned by GE, that bias towards eternal happiness is the day to day theme, but it does get old after awhile. And when Cramer's record is scrutinized, the evaluator is raked over the coals.

BinT said...

http://www.foxnews.com/us/2010/05/08/ice-crystals-cause-problems-inside-oil-box/

Options under consideration included raising the box high enough that warmer water would prevent the slush from forming, or using heated water or methanol. Even as officials pondered their next move, Coast Guard Rear Adm. Mary Landry said she must continue to manage expectations of what the containment box can do.

"This dome is no silver bullet to stop the leak," she said.

Bruce in Tennessee said...

http://www.msnbc.msn.com/id/37044211/ns/business-stocks_and_economy/

Bernanke to grads: Money can’t buy happiness

...Mr. Bernanke was quoted as saying,"However, bailing out investment banks and printing money can produce a near-nirvana state of bliss..."

Bruce in Tennessee said...

Uh oh...

Britain cannot support EU stability fund: Darling
(AFP) – 1 hour ago

LONDON — Chancellor of the Exchequer Alistair Darling said Sunday that Britain cannot and will not support a European Union bailout fund to help struggling eurozone economies.

"I'm very, very clear that if there's a proposal to create a stability fund for the euro, that's got to be a matter for the eurogroup countries," he told Sky News television in Brussels, where he was attending an EU meeting.

"What we will not do and what we can't do is provide support for the euro... the responsibility for supporting the euro must be for the eurogroup members".

call me ahab said...

WOW-

weren't we just talking about this- Karen rolling here eyes the whole time-

"Civil And Criminal Probes Launched Against JP Morgan For Silver Market Manipulation"

appears that sometimes conspiracies are for real

Anonymous said...

So Britain is the Bear Stearns of LTCM fame?
Santayana quote here.

Tyler said...

I posted a comment on BR's site yesterday, in the thread about the S&P futures pit trading, regarding a small trivial matter that some of you may find interesting; the actual limit down that was in effect during the chaos part of Thursday.

The one comment that I got in feedback was less then inspiring. Essentially, it was like me referring you to read the details in "the cat in the hat", and then you coming back with a comment that you didn't think that was the case because "the cat in the book was wearing a hat".

Nic said...

I saw that Tyler and as far as I know are right and the guy in the tape was wrong. You can't really blame him it was chaos!
The limit down at the time of the crash was a whopping 20%

Nic said...

Anon 11:41
Looks like Merkel's coalition has lost its majority in exit polls from NRWP so Britain may not be alone. Going to be a long night for those finance ministers.

Anonymous said...

Nic,

Wow!

mcHAPPY said...

Two short posts from KD:

Take this Sarkozy!

I wonder if Williams was reprimanded? Oh right, he doesn't work for CNBC!

Anonymous said...

Get yer drachma! Get your red hot drachma!

McFearless said...

Tyler,

Very interesting, I was not familiar with the 80b rule. It would appear to me that you are correct. It may not seem important now, you know, because these things never happen, but I'd guess over the next 12 months this will be very important, what you are getting at.

karen said...

Ahab! those guys manipulate markets all the time.. and sometimes get slapped for it.. I just don't think it is as "big" as silver bugs claim..

Nic, LOVED the tee! (Hate to tell you what the weather was here yesterday.. I was in and out of the ocean and sunning on the beach till after 5pm.. but darn, if the clouds didn't move in today.. there is still hope for the afternoon, however.)

So, do we need fear a euro bounce and rabid market rally tomorrow??

karen said...

I can't believe that David Letterman interview!! (from Nic's site)

http://www.youtube.com/watch?v=SRNrl-858qA

mcHAPPY said...

@karen

Euro bounce and very choppy market action ending very slightly positive or negative but with huge intra day swings. It is afterall Monday. But as for the rest of the week, bring your ski's to the slopes!

BinT said...

Three Greeks, Costa, George and Niko as well as three Turks, Melik, Alican and Bora are travelling by train to a conference. At the station, the Turks each buy one ticket and watch as the Greeks buy only a single ticket. "How are three people going to travel on only one ticket?" asks Melik. "Watch and you'll see," answers Costa. They all board the train. The Turks take their respective seats but all three Greeks cram into a restroom and close the door behind them.

Shortly after the train has departed, the conductor comes around collecting tickets. He knocks on the restroom door and says, "Ticket, please." The door opens just a crack and a single arm emerges with a ticket in hand. The conductor takes it and moves on.

The Turks saw this and agreed it was quite a clever idea. So after the conference, the Turks decide to copy the Greeks on the return trip and save some money (being clever with money, and all that). When they get to the station, they buy a single ticket for the return trip. To their astonishment, the Greeks don't buy a ticket at all. "How are you going to travel without a ticket?" says Alican. "Watch and you'll see," answers Niko.

When they board the train the 3 Turks cram into a restroom and the 3 Greeks cram into another one nearby. The train departs. Shortly afterward, one of the Greeks leaves his restroom and walks over to the restroom where the Turks are hiding. He knocks on the door and says, "Ticket, please."


...copied shamelessly..(is there any other way?)

karen said...

Great article posted by commenter on BR's HFT post.

http://blogs.forbes.com/greatspeculations/2010/05/08/program-trading-needs-to-be-banned/

The top-ten program-trading firms last week were Morgan Stanley, Goldman Sachs, Barclay’s Capital, Wedbush Morgan, Credit Suisse, Deutsche Bank, JPMorgan, RBC Capital (Royal Bank of Canada), Schon-Ex, and Penson Financial.

(Bruce that was hilarious!!)

Nic said...

Everyone is doing the Tee's today. I think they are copying me :(

Nic said...

So ...
The EU has expanded its emergency fund by an additional 50bln. No word from Trichet and the ECB yet.
We will get the first reaction from Australasia when FX and futures markets open in a couple of hours.
If this is all their plan is then I am thinking too little, too late ...

Correction to earlier. Merkel has not lost her coalition, I meant to say the coalition has lost its majority, which may end up being the same thing.

spoonman said...

Bruce,
I've heard that joke with physicists and engineers...depends on who's telling it as to who gets the butt end.

EUR looking peppy, for the moment.

Nic said...

Still no announcement ...
Massive gaps up on opening in AUD, EUR, yen crosses

McFearless said...

Nic,

I certainly wouldn't feel comfortable being short EUR right now. 2% bulls reading on DSI is the type of thing to make me move aside on a trade like that.

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