Morning Audibles 6.15.10 - A Gaussian Blur

C'MON on man... Every AAPL lover knows what a "Gaussian Blur" is right? It's right there in your Photoshop... It's that feature that you can make any photo (or scene) look EXACTLY the way you want it to (or ONE of them, at least)...


You know how it is...


A decade (or more) of being FORCE FED by the media that you had to GO GREEN (whether it's "carbon" or "shoots" - which, by the way is odd because you'd think plants would ADORE a planet full of bountiful carbon)... But I digress... You're so tired of hearing GREEN (as in "money"), you actually just throw up your hands and give in...


Because THIS is what green really amounts to in its SALES PITCH form (see? it's damn useful to the "sales pitchers")...




(If a BLANK SPOT on your browser appears here... The EMBED video can be retrieved HERE...)


But what about Gauss?... "Johann Carl Friedrich Gauss" (to be precise)...


This dude 
(chicks dig him because he rarely wore underwear)...


What does he have to do with anything?


Nothing really... Nothing NEARLY important as great thinkers (and internet inventors) like famous "green advocate" AL GORE might be contemplating... 


"I'm GOING GREEN... So spend taxpayer dollars to "subsidize" companies that I've invested in that will benefit when CARBON TAX CREDIT DOLLARS are levied upon citizens, by the government, after my propaganda tirade is fully completed"... I'll be rollin' in GREEN by then...


Back to GAUSS (the OTHER blur)... For our purposes, "JoGA" (as his friends like to call him - and after which was named an athletic discipline that has recently sent LULULEMON stock skyrocketing), can perhaps explain WHY this market hasn't CRASHED YET...


It has something to do with this...



In vector calculus, Gauss' theorem (Carl Friedrich Gauss), Ostrogradsky's theorem (Mikhail Vasilievich Ostrogradsky), or Gauss–Ostrogradsky theorem is a result that relates the flow (that is, flux) of a vector field through a surface to the behavior of the vector field inside the surface (We're talking about 'Leading Diagonals", or "LD's" here)...

More precisely, Gauss' theorem states that the outward flux of a vector field through a closed surface is equal to the volume integral of the divergence of the region inside the surface...

Intuitively, it states that the sum of all sources minus the sum of all sinks gives the net flow out of a region... It is an important result for the mathematics of fluid dynamics...

It kinda looks like this (when scribbled onto one of those paper tablecloths that they use for quick table changes in PIZZERIAS - or at least the ones I go to... Because CV, a "connoisseur" of Italian style eateries after having lived 12 years in Italia... Prefers the idea of a tasty inexpensive pizza BETTER than the "muckety-muck" idea of regurgitating an EXPENSIVE meal after sitting in a Hamptons [Italian STYLE] Bistro listening to "Wall Streeters Who Blog" bombard me with artillery fire all evening, about things like "typical recoveries", over a plate of FOIE GRAS)...






Oh yeah (this is how it looks on a napkin)... Mixing metaphors again... Sorry!


Now... If you require a more simple explanation... It basically is the mathematical THEOREM that explains WHY CV put up the "Dance This Mess Around" video clip the day after The SPX hit 1040 a few weeks ago (just so one understands my motivations for such things)...

Let's... NOW... Delve DEEPER into the "Dante's Inferno" of simplicity...



WTF is this? (Not your fault AMEN - I was just wondering why there have been 33 candles since the VIX took out the 55SMA to the upside)... Just wondering... You know... Not "34" candles or anything like that...

Speaking of wondering... I was also wondering why HFT's (when they want to keep the market "pumped" via perceived [GAUSSIAN] liquidity, they use these stocks [instead of the TYPICAL RECOVERY DJIA30])... Just wondering, again...








Forget the Dow 30. The 25 companies listed here were the favorites of high frequency traders in the U.S. during the past two months, based on a recent study by Woodbine Associates of Stamford, Connecticut.
Company Name (symbol) Trading Volume* (millions of shares)
Citigroup (C) 507.8
Ford Motor Co. (F) 132.7
Bank of America Corp. (BAC) 116.7
General Electric Co. (GE) 90.3
Intel Corp. (INTC) 73.0
Pfizer (PFE) 71.5
Sprint Nextel Corp. (S) 68.2
Microsoft Corp. (MSFT) 64.8
Cisco Systems (CSCO) 55.2
Wells Fargo & Co. (WFC) 45.4
JPMorgan Chase & Co. (JPM) 44.4
Las Vegas Sands Corp. (LVS) 39.6
Alcoa (AA) 38.3
AT&T (T) 30.9
Oracle Corp. (ORCL) 30.4
Regions Financial Corp. (RF) 29.5
Exxon Mobil Corp. (XOM) 29.4
Fannie Mae (FNM) 29.2
Motorola (MOT) 26.8
Yahoo! (YHOO) 26.6
Dell (DELL) 26.4
EMC Corp. (EMC) 24.3
Apple (AAPL) 23.7
Morgan Stanley (MS) 21.2
Home Depot (HD) 18.8
Source: Woodbine Associates, Yahoo! Finance.
*Average daily trading volume for March through May 2010.

In the end, CV's intellect is too small to comprehend these kinds of things...

So let's get back to World Cup and some Administrative/Chicago Type/Dairy Queen wannabe runnin' "ass kicking"... Shall we? ;-)... 


NO! You say... "STOCKS is what I want to know about... "SHORTING THEM" (in particular)...


275 comments:

«Oldest   ‹Older   1 – 200 of 275   Newer›   Newest»
mcHAPPY said...

Thanks, CV.

Interesting how it appears we have reached an inflection point in most major indices and at the same time approaching the 55 day moving average of the VIX.

I bought my final 1/6 of TZA in the pre-market and am preparing for cold steel at the open.

mcHAPPY said...

Also interesting how the volume has been decreasing as we go up. Hopefully those doing the heavy lifting are exhausted - or have made their coin long and are positioned short.

Nic said...

Goldman rolling out IPO today and Americain Jesse might be right about market being bid to support it. Looks like risk on again.

CV said...

Jesse loves those PM's don't he?

CV said...

It's as simple as this for me...

I'm waiting to see if we break to the upside of that 200MA (which right now is nearing the 1110 FIBO)...

That OUGHT to generate a lot of 'short covering' and may provide enough juice to get up around 1020...

Them I'd bet, we go down and CLOSE under 1110...

Anyway, that's how I'm playing it... (But you gotta trade the tape in front of you - not the one you WANT)...

Mannwich said...

A replay of yesterday? Is it still Monday?

McFearless said...

nice post CV....if we can get to 1110 today I'll start putting some new shorts on....

CV said...

@Manny

"Muckin' Fundays" :-)

CV said...

@McF

Part of it IS a true story...

I used to sit by myself in this dive pizzeria in "Podunk" Italy writing poems & mathematical equations on the paper table cloth (and drinking lots of beer of course)...

McFearless said...

those comments from Neely on gold that AT shared last night were interesting, complete contrast to EWI.

CV said...

The place smelled like a stable, because it WAS, IN FACT, WELL, a stable...

Nic said...

Hold the button down:
http://gr.vc/vuvuzela/

I-Man said...

That says it all then...

:)

I-Man said...

Your 9:51, CV...

Not Nic's horn.

karen said...

i'm still delirious over CV's post! and needing coffee badly. of import to me: can today print higher than yesterday?

AmenRa said...

Nic

HAHAHAHA cool.

CV said...

All I can say is, if the market is having this much trouble even squeaking past 1100-1110...

I can't imagine what it might take to get it to 1250 (which Goldman is still hanging onto)...

and probably Brian Wesbury & Ken Fisher too...

Nic said...


Gartman says no gold bubble yet

AmenRa said...

Ben

I'm waiting on 1110 also. Test & close above then go long. Test & close below then go short.

You hear that GS!!! We know you monitor blogs to find ways to squeeze people.

I-Man said...

Yeah GS... you bunch of bitches.

We could outtrade you all with a phoneline and day old newspaper quotes.

(Rattling sabres)

CV said...

Commodore 64 beatches!

CV said...

Sweet!

http://community.eu.playstation.com/t5/image/serverpage/image-id/48119i321B4774CA33F197/image-size/original?v=mpbl-1&px=-1

CV said...

64K of memory!!!!

Now THAT'S power!

CV said...

Think about it though...

They basically sent guys to the moon with something like that...

I-Man said...

Drogba cleared to play...

Anyone think he'll actually see any time in the match today?

AmenRa said...

CV

I had a C64 back in the day. That means you should remember this: http://farm3.static.flickr.com/2113/1501131768_d0a1da189a.jpg

CV said...

@Nic

Re: Gartman

CV is just laughing... Look people, FORGET ABOUT GOLD...

You want something PHYSICAL (as a hedge)? Go out and buy a bunch of whiskey, vodka, & cigarettes and store them in your basement... (buy cases and cases of it)...

In the last 2 1/2 years, the price of gold has gone up about 20%...

The "cost" of buying a 1.75 litre bottle of VODKA has gone up almost 50% in the same time period...

And as states run out of money, the taxes on these things (cigarettes included) is just going to go higher and higher...

Not even your inflated gold bars will keep up with the price increases...

Especially now that Obama is signing Executive Orders on "Behavioral Health Modifications"...

AmenRa said...

Ben

Almost forgot. If the SPX starts confirming the monthly 3LB reversal again I'll go short.

CV said...

@Amen

The VERY DEFINITION of "floppy"

McFearless said...

and, AT says they listen to some Metallica at the office....ok, that's pretty cool, BUT

can you beat that I'm sitting here rocking to some Michael Bolton!

Greatest Hits....

lol

McFearless said...

Ra,

yeah, would love to see the 3lb reversal on SPX, too many wave counts can work right now so that would be a helpful confirmation if that were to occur...feeling pretty good about the gameplan, now it just needs to be implemented when the time is right.

CV said...

@McF

It could be worse... It could be Peter Cetera

I-Man said...

Or better yet, learn to distill...

Like I and I ancestors in Franklin (Bedford back then) County.

I-Man said...

Or it could be Richard Marx, so consider Bolton a stud.

I-Man said...

Or even worse, Rick Astley...

AmenRa said...

Ben

The monthly 3LB already has reversed down. The problem is that you have to wait a month or longer for confirmation. So I look to see if it is trading below the monthly low as an early indicator.

CV said...

We need to hear from Mel (the insider) on this subject... :-)

CV said...

@Amen

that number was 1094 right?

Nic said...

Odd divergence today with yen crosses and equities. Yen strength suggests equities should be weaker. Same divergence in continental currencies vs commodity currencies.
VIX is down -4.20% vs SPX up +0.75%
A/D is 4:1
I am scratching my head ...

CV said...

@Nic

Overall... I think you can expected the unexpected during a QUAD witching week...

Probably some big players are doing some heavy jockeying...

McFearless said...

Ra,

right, I was looking at the daily SPX you've put up.... this is where 3lb is valuable to pair up with wave counting in a correction wave. Corrective waves are always the hardest to figure out, up or down, 3lb can help with confirmation on that in the short term.


and, market just seems to be working over-time just to have gotten this far....it can't break the 200 day, a false break above to provide some "stimulus" to the bulltards and then look out below....

Leftback said...

A good morning for the Kiwis...

Nic, were you tooting your horn this morning?

CV said...

bulltard says...

Who should I make my check out to?

mcHAPPY said...

@CV 9:57

Do not forget about Grasso.

McFearless said...

bulltard:

make it to: Wizard Inc.

McFearless said...

McHappy,

Not really understanding what EWI is doing right now, their count was invalidated based on their own price targets yesterday but they ran with it anyway....they could still be right, but they claim to only show the top probability count and I'm not in agreement right now that that's what they have.

McFearless said...

I'm sure Tan Joe is sitting somewhere thinking:

we need a fundamental catalyst to break above the 200 day

and he's also thinking

gold is an easy trade

and also

what time does Ultimate Sun Bed's close?

CV said...

@karen

Hey karen, was there a big earthquake there this am?

karen said...

This is an amazing comparison and why 10k is so important..

http://blog.afraidtotrade.com/a-haunting-look-at-the-line-in-the-sand-in-1930-dow-jones/

(i stupidly posted that on last night's thread just now.. also, in case anyone was wondering, i did feel the earthquake last night!)

karen said...

CV, i swear we must have a mental connection of some sort..

McFearless said...

Karen,

was it you that mentioned the 3-month t-bill's yesterday?

If Lefty is still around....you thinking that spells trouble ahead?

CV said...

LOL

So it looks like Texas is going to stay put... (but with Nebraska & Colorado gone), the BIG -12 conference will only have 10 teams...

Meanwhile, with the addition of Nebraska, the BIG 10 conference will have 12 teams...

Quick! Somebody call Obama to have him kick some ass and sort out this problem!

Is this a great country, or what?

CV said...

@karen

CV has been told MANY TIMES that he is "mental"... So it's fitting...

AmenRa said...

CV

1095.63 was the reversal price to end the uptrend. The SPX closed May at 1089.41 which is the new low. A monthly close lower than this is confirmation of the reversal.

Leftback said...

Yup. 5-6 bps on the T-bill means we leave the eye of the hurricane soon.
But not until after the opening rounds...

Karen, did the earth move?

mcHAPPY said...

@Ben

I would tend to agree re: EWI. But my thinking is it has taken a great amount of effort over the last 3 trading days to get the market up. Just about every technical indicator is looking extremely weak. If we get a break of 1105.91 that will give us our answer they are most definitely incorrect. However, even if that plays out 1109/1126 is the max I can see happening. I believe EWI eluded to this scenario as well yesterday discussing the gap - that has to be more famous than the Grand Canyon by now.

Regardless of which count is correct, from my view, it would appear we are working on the last part of an A-B-C to start down again, or we are working on a 5th wave to end a possible C from 1052.25.

Either one works for me. I just hope we have resolution by the end of the day however by mid-day is appearing more likely.

I-Man said...

Great read:

http://www.guardian.co.uk/news/blog/2010/jun/14/charlie-skelton-bilderberg-2010

Leftback said...

Is LEFTY the only one who thinks USA v ENGLAND was the most entertaining match of the tournament so far?

What makes football fun to watch is SHOTS, SAVES and PACE. The wind, the ball and the altitude are conspiring to hurt the more technical teams. It's really a shame that Drogballs is hurt, he is a tremendous player.

CV said...

@karen

Should I call Superman to have him fly around the earth backwards a bunch of times to reverse the earthquake?

CV said...

@LB

Yes... The most entertaining thing to CV was to watch the ball dribble out of Green's "Hamburger Helper" mitts... :-)

http://croutonboy.typepad.com/photos/people_i_hate/hamburger_helper_b284.JPG

karen said...

Ben, seems the $irx has revived somewhat from yesterday but just dropped to .65 from .70.. i just think that we need to watch it.. based on volume, trin and that liquidity index at stocktiming.. it is flashing a warning. i just found this index $cpmkt and plan to watch it thru out the day on a various minute charts.. don't bother with the daily view!

McFearless said...

maybe one of those colleges can figure out that new math C. My money is on PSU.

If that doesn't happen Oblahblah might need to go down and talk to some of these coaches IN THE RAIN (holy shit!) I mean, a month from now we are all going to be wondering why these "talking heads" didn't even care that the Big 12 had 10 teams and the Big 10 had 12. Before we know it, every conference on the EAST COAST will have the wrong names and numbers!

somebody please kick some ass already

karen said...

a must read:

http://www.fundmymutualfund.com/2010/06/wsj-default-not-thrift-pares-us-debt.html

Leftback said...

CV

It's over. Let it go.

The LEGO version of the match highlights was fantastic, BTW. Also a sign that in modern society if you're not involved in food production then you have too much time on your hands.

CV said...

From the world of ratings:

"BP To BBB From AA"

I just thought I'd clear that one up for everyone...

CV said...

@AmenRa (10:49)

BTW - Did you notice that on todays open, SPX left a "teeny" little gap on the 60 minute charts right at 1089?

McFearless said...

no my favorite was the downgrade of Greece debt....those guys were way out in front on that one.

Nic said...

Did you all see the front page of Sundays NY Post "USA WINS 1-1"
good grief

Leftback said...

New math, Nic.

Anonymous said...

Bring back Bush. He'll clear this up! He ran the Texas Rangers!

McFearless said...

Nic,

1-1, yeah, that's a win...lol.

as lefty says, all part of the new math.

If you were wondering where our "leaders" got their ideas on the math of money, well here you go:

http://www.youtube.com/watch?v=7GSXbgfKFWg

CV said...

We'll just bring Bush in to throw out opening pitches at ball games...

At least he throws strikes on those...

AmenRa said...

Just messing around with fibo on the monthly 3LB:

MONTHLY 3LB RETRACE LEVELS

1186.69 100%
1172.49 85.4%
1163.73 76.4%
1149.53 61.8%
1138.05 50%
1126.57 38.2%
1112.37 23.6%
1103.61 14.6%
1089.41 0%

I usually put the mid (50%) on the charts. I'm going to apply Andy's 23.6 rule here and see if a close above that leads to a push above the 50%. Until the 50% is hit the sentiment/bias is down.

CV said...

@Amen

Thanks... That's a solid way of looking at it...

It's funny... We're all looking at this from slightly different POV's... But they all generate more or less the same conclusions...

I liked this chart I saw yesterday ($NYAD)

http://4.bp.blogspot.com/_TwUS3GyHKsQ/TBa1-ulB0JI/AAAAAAAAFyc/Zgfa2776uxY/s1600/advancers.png

CV said...

When you think about it... The human mind is so much faster than any ALGO...

I mean, the algos are just working in the present executing functions (not even aware of what they're doing in the process)...

Whereas, the mind can "see many outcomes"...

It's tedious sometimes to have to wait for the algos to catch up with the brain...

If this were a REAL market, it would have likely crashed by now...

karen said...

anyone know of this fellow?

http://www.theepochtimes.com/n2/content/view/35126/

karen said...

quote of the day: If this were a REAL market, it would have likely crashed by now... LOL !!!

Mannwich said...

Maybe HE should replace Ben at the Fed, karen?

CV said...

@karen

Yeah... He owes me money!

karen said...

"MGIC reported a $150.1m net loss in Q110 as defaulted loans continue to exert financial pressure on the mortgage insurance business."

http://www.housingwire.com/2010/06/15/mgic-writes-800m-in-monthly-mortgage-insurance-denies-hundreds-of-claims?

MTG is up nearly 5% today! ha ha.. wonder what happened to the suit brot on by BAC at the end of december.. for non payment of claims..

Mel said...

@

CV

I don't know how you effin do that...but I was on the phone with David Cassidy during the 10:26 post ;-)

And now that you're taking the educate,inform, and entertain thing a little more seriously...I can hook you up with an agent.

Mannwich said...

Profits are clearly no longer a requirement for public companies to remain in business. It's beyond absurd.

Leftback said...

"If this were a REAL market, it would have likely crashed by now... LOL !!!"

Quite. Quote of the EFFING year, Karen.

I-Man said...

Ultimately, the algo is only as good as the trader who is consulted to program it.

(I assume, that there is a shortage of good traders who also write code... I may be wrong.)

However, I-Man is not interested one bit in attempting to impose logic on something inherently illogical.

Likely the fatal flaw of any algo program...

Mannwich said...

PIMCO cuts half its gold exposure.

http://www.zerohedge.com/article/pimco-cuts-half-its-gold-exposure-says-us-aaa-rating-could-see-lot-stress-within-3-years

AmenRa said...

Anyone use pivots for clues?

P= 1094.86
R1= 1100.68
S1= 1083.80
R2= 1111.74
S2= 1077.98

Mannwich said...

Is Goldman sell side a contrarian indicator?

http://www.zerohedge.com/article/has-goldman-become-best-contrarian-indicator

mcHAPPY said...

ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ

Leftback said...

LB is short gold.

SPX at the KT once more.

karen said...

WASHINGTON (Dow Jones)--A plan by BP PLC (BP, BP.LN) to stash funds owed to shareholders for a dividend payment in an escrow account at a later date would amount to a "backdoor payment" to holders of the company's stock and be "unacceptable," two Democratic lawmakers said Tuesday.

In a letter to BP Chief Executive Tony Hayward to be sent later Tuesday, Democratic Sens. Charles Schumer (D., N.Y.) and Ron Wyden (D., Ore.) decried the plan by the oil company, saying no money should be set aside for shareholders until everyone who has suffered in the Gulf of Mexico has been fully compensated.

A copy of the letter was reviewed by Dow Jones Newswires.

"We find this option as unacceptable as the company's original plan to go ahead with its dividend payment as scheduled," the lawmakers said in the letter. "A backdoor payment to shareholders would still drain BP of billions of dollars that may be needed to pay for spill-related damages. This proposal seems like little more than a thinly veiled attempt to spare BP a public backlash while proceeding with business as usual."

The letter said the expected size of the dividend payment was believed to be around $2.6 billion.

Mannwich said...

MELT UP.

mcHAPPY said...

@Manny

Right on cue at that.

How wins tonight?

mcHAPPY said...

And by how I of course meant "WHO?"

Mannwich said...

Tough call, McHappy. The Celts had better win tonight if they have plans of winning the series. I don't see them winning a deciding Game 7 on LA's court, but who knows? Maybe they will.

If the Celts can hold off the obligatory first quarter/first half barrage by LA at home tonight, I say they win by 3-6 points if Ray Allen can get hot and hit a few threes. Think about this - Ray's 0 for his last 16 three's and they're STILL up 3-2 in the series. That can't last forever.

Mannwich said...

I also think that both KG and Pierce have Gasol and Artest figured out and can score when they need to most of the time. Both should be big factors tonight offensively.

Leftback said...

I reckon Brazil might take North Korea.

Kim Jong Il had this at BRA 2 PRK 3 on his Play Station, though.

mcHAPPY said...

@Manny

KG played more active and with hop than I have seen him in a long time. It will be interesting if he can do it two games in a row and after a cros country flight.

That block Tony Allen had on Gasol was ridiculous - pinned it with the right hand, then for good measure spiked it with the left. Block of the playoffs.

mcHAPPY said...

If this cannot push through 1105.91 then very soon we should be going down hard.

karen said...

going down hard works for me!

72bat said...

oooooh karen!

Leftback said...

Someone is feeling frisky today.....
what about a sudden thrust upwards?

If you guys want OVER-RATED, how about Portugal? France? Italy?

Speaking of going down hard, gold bugs are bidding up the yellow metal into a PPI/CPI combo that won't show much FLATION. CLAVADISTA?

Nic said...

Massive short covering in BP

Nic said...

Either that or BP discovered the cure for aids

Leftback said...

Maybe they shoved Tony into the hole.....

Mannwich said...

@McHappy: Boston is just the deeper team. LA may have the best player and best big man in the series, but Boston's depth is doing much damage.

mcHAPPY said...

I hope LA wins to force a game 7. After that I just want an exciting game 7 to end the series.

Mannwich said...

On another Brit's Pub here in Minneapolis was THE happening place for the game on Saturday. Made for a long day of beer drinking though. Sunday was a bit shaky for Mannwich as a result.

Mannwich said...

Caps for EU banker bonuses? Coming to the U.S., perhaps? Probably not yet.

http://www.zerohedge.com/article/eu-parliament-votes-cap-banker-bonuses-half-salary

Mannwich said...

Is that inflationary?

karen said...

oh, nic, no no no.. that is not massive short covering in bp! laughing.. you don't do stocks! when we see 2.5 x volume and up 20-30 pts.. further.. from the looks of it.. only a .04% short ratio.. not even a candidate for a short squeeze.. (unless my data is bad.)

karen said...

hey, if they did stop that leak.. bet $wtic would plummet..

TWSWB said...

I say, CV...

Do you have any Grey Poupon?

I-Man said...

Couldnt even fill one lousy staples box with the crap I'm cleaning out of this cubicle...

Think I ever planned on putting roots down???

HAHA!

bob said...

more new math, from a brit too.

http://www.thedailyshow.com/watch/mon-june-14-2010/world-cup-2010--into-africa---us-ties-england

McFearless said...

hmmm, today has been one of those days for Bear22....just went to see the damage on the wife's car in the TD Bank parking lot....she had her way with the curb there this afternoon, her tires on the right side didn't enjoy it much...lol.

karen said...

sorry Ben! looks like my refrig repair bill is going to be between $300-600 this morning (i'm out of most of the warranty at 6 years, now.)

and my younger son wants me to send him to NY to play with his friends! that would be an easy $1k..

McFearless said...

and, I haven't seen that 1110 yet....

McFearless said...

karen,

it's been one of those weeks and it's only Tuesday afternoon!

I'm hoping the car isn't too bad, all I can do is laugh at this point....

CV said...

@TWSWB

"I'm sorry sir but you're going to have to check that jar of Grey Poupon at the door"

That's it!

If you want to be a terrorist at a Hamptons party, you're going to have to figure out a way to hide your device in a jar of Grey Poupon...

72bat said...

karen -
still sending a 19-yr old to summer camp?

CV said...

I'll probably have the FBI knocking down my door now...

McFearless said...

btwn yesterday and today this dollar move down has been pretty strong....could be the start of the big correction of the rally.

Mannwich said...

Bob Nardelli's back. The incompetents never die. They merely re-emerge at another company.

http://www.huffingtonpost.com/huff-wires/20100615/us-newpage-nardelli/

CV said...

@McF

I think there's still room for the dollar to do a little fakeout here...

Eur-Usd hasn't even reached it's LD yet...

72bat said...

karen -
btw your request of some weeks ago re m&a contacts at ny banks.
my friend's son has been in back office ops at credit suisse for a couple of years since graduating (undergrad, not an mba) and reports that all applicants being considered for positions similar to his are mba's.

McFearless said...

C,

yeah, you're right...big picture though, the hour is late for the dollar at this point...

CV said...

@Manny

"The incompetents never die. They merely re-emerge at another company."

Or get elected as politicians...

Mannwich said...

@cv: Good point. Same thing, in reality, no?

Mannwich said...

See Carly Fiorina.

CV said...

@McF (1:07)

Oh I agree...

But here's what I'm saying... I expect this whole move to happen real fast...

Kind of like FLASH CRASH 2 (but maybe a 2-3 day meltdown, not a 10 minute one)...

Once $SPX finds a new low (maybe 1000-ish), the summer is made, because it would buy a whole month and a half (until August) for it to get bid back up again and/or run around in circles...

That's when the dollar would retrace IMO...

CV said...

@Manny

I'm not a blogger, I just play one on TV...

Lloyd Blankfein said...

This oil spill in the Gulf is a godsend.

Leftback said...

Bucky Bounce™ and CLAVADISTA d'ORO™ (ht: Wes) might be good trades to put on into the close today, folks.

CV said...

To become POTUS, CV thinks you should have to pass a simple test...

You have to say

The sixth sick shiek's sixth sheep's sick

3 times real fast (without a teleprompter)...

Mannwich said...

@cv: Maybe it's time for YOU to run for office? We can run your campaign anonymously right from your blog? Could be fun, anyway.

Akio Toyoda said...

Lloyd, I agree with you totally.

CV said...

@Manny (1:13)

Great! Those $5 donations should get me far (rolls eyes)...

Plus - a little help from Blanky & St. Jamie...

AmenRa said...

There's a daily 3lb reversal in play on the DXY (trading below 86.21) and is also trading below the weekly 3lb mid (86.37).

CV said...

@Manny

I do have to give them credit though...

It was a "hell of a smart" idea to plant the idea in peoples minds that the campaign was getting along by way of $5 donations...

Very clever tactic (that worked)...

karen said...

bat.. yes, understood. he just wanted to do "any" work at an M&A firm for a couple of years.. then decide if he wanted to get his MBA.. he says you have to have work experience before getting into a good program.. maybe it's the new catch-22. he'll figure it out eventually, i hope.. i mean he's even tried to get into the finance department a j.crew... he is casting a wide net at this point. i'm hoping he want to be on his own and out of this house as much as I want him to be !

AmenRa said...

The SPX just crossed the .1459 fibo (using yesterdays close) of 1105.53. Let's see how long this holds.

Nic said...

11 consecutive green hourly candles for EURUSD.
Squeeeeeeeeeze me please

karen said...

is it because i added ashraf laidi to my my "following" that i've had six requests "to follow" on my twitter this morning ??? i don't tweet.. i just follow!!! maybe i should make that my first tweet so they stop emailing me.

McFearless said...

I've been considering going to get my MBA lately, but I'm not sure I'd actually be able to fit in.

Nic said...

Thank you Karen. I don't do stocks :)

arbitrage789 said...

McF @ 1:22

"fit in"...?

CV said...

@Amen

.2359 would take you to 1,115.29

Just enough to close the gap...

arbitrage789 said...

Nic @ 1:23

...except for BP.

Anonymous said...

Karen,

You are much too smart to tweet.
Only twits tweet... and only followers follow.

McFearless said...

fit in DL, as in, I'd likely have my hand up half the class challenging...

arbitrage789 said...

How nice.

Karen is NOT a tweeting twit.

McFearless said...

I still don't "get" twitter, I'm so 2007.

CV said...

@anon

Thanks for clearing that up...

CV said...

@McF

At least you're not so 2008 (or so 2000-late)...

72bat said...

karen -
if he's interested, we might arrange a meet-up for him to pick my friend's son's brain.

@ ben re " fitting in"
i've heard that my friend's son definitely enjoys the nyc life but increasingly despises the banking world (a result of 12 years primary-secondary education in the friends' school of baltimore?)

McFearless said...

"At least you're not so 2008 (or so 2000-late)"


Very true, I'm so much more 1930.

:)

karen said...

bat.. thanks for that.. i'm not sure if/when the older one is heading to ny again as his May trip was a bit of a bust..

McFearless said...

72,

that doesn't surprise me too much, the 4 years I spent in b-school were bad enough, of course, at the time, I didn't realize I'd have to unlearn so much.


They have CIMA classes I can take at Wharton, which is close. That'd probably be a better route.

McFearless said...

NY is great for a visit, a few hour drive up the NJ turnpike, I wouldn't want to live there though...

Leftback said...

Squeezes sometimes end in a climactic crescendo.....

Speaking of fitting in, LB is still having trouble with his rooster.

McFearless said...

so Ra....1108....pretty close.

mcHAPPY said...

A melt-up before the circuit breakers are turned off for the day?

Pleeeeeease?

CV said...

@McF

Here... I'll teach you all you need to know for your MBA (on the cheap)... right here...

http://www.youtube.com/watch?v=YlVDGmjz7eM

Leftback said...

"NY is great for a visit, a few hour drive up the NJ turnpike, I wouldn't want to live there though..."

It's difficult for middle class families in NYC - and it is Hell on Earth for those who get sucked into the Money Matrix. The trick is to observe without absorbing and to unplug from the Matrix as often as possible. Don't put down roots and have an escape plan. LB could be gone in a moment and never once look back.

"When Black Friday comes....."

Nic said...

New comic: 'World Cup vs. PhD' http://www.phdcomics.com/comics.php?f=1329

Andy T said...

Portugal didn't show me anything today. They were outplayed by Cote d'Ivoire. Not sure why they took Kalou out for Drogba. Would have liked to have seen Kalou/Drogba forward to see what would have happened.

McFearless said...

C,

that's funny, and dated....take your down payment and put it in CD's.....lol, not when the Wizard is around!

karen said...

fantasyland, i think we are living it today : )
great clip, CV!

karen said...

Nic! that was fantastic!

CV said...

@Andy T

Great job you have there!

Listen to Mettalica all day and watch the World Cup... :-)

Nic said...

An SPX count from Todd Gordon for you wavers:
http://twitpic.com/1x1hqv/full

McFearless said...

AT,

what do you think about Neely's comments on gold?

McFearless said...

Nic,

that's a decent count there.

Leftback said...

Nic,

That was excellent!

The only thing more boring than acquiring a Ph.D. degree is advising a dull student who is intent on getting one.

Didier Drogba said...

Cristiano Ronaldo is a massive diva.
I would make him clean my boots.

Nic said...

Jamie Saettele's S&P count:
http://yfrog.com/f/2t8i5p/

McFearless said...

second one is more like a few of AT's counts. Both are valid in the near term....

karen said...

wonder how many new iphones are being pre-ordered today...

Leftback said...

World Cup first round is a thriller isn't it, Andy?

Try to keep watching - it gets better, as soon as there are teams that have to come out and attack, and eventually I guess someone will take some air out of these beach balls so the ball flies normally at free kicks, corners, crosses !! WTF?

Ball sports are all about finely tuned muscle memory. Change the weight of the golf ball and everyone would chip it over the green. I mean doesn't anyone have any idea at all?

Maybe they could ban vuvuzelas except when SOUTH AFRICA play? It's got to be a real headache when defenders and goalies can't hear each other across the 18-yard box out there.

arbitrage789 said...

Karen @ 1:58

The "HTC incredible" could provide some measure of competition.

http://reviews.cnet.com/smartphones/htc-droid-incredible-verizon/4505-6452_7-34064029.html

mcHAPPY said...

Nic,

I like both counts as they are both probable. I'm of the opinion we could drop hard at any point here. Once 1109.17 is hit we could go down at any time.

I'm going to enjoy the cold steel.

Mannwich said...

@lb: Great analysis of NYC. The two best things I've ever done was move there and leave there. Was fun and a very useful experience but a brutal place for middle class folks to live. I always thought that people have to convince themselves (brainwash, rather) just how much better it is to live there in order to justify all the hassles of the experience. Does make one tougher, I think.

arbitrage789 said...

Mannwich @ 2:02

How much does a noisy, rat-infested studio in Midtown go for these days?

karen said...

DL, it seems rather expensive in comparison.. perhaps the data plan makes up for it?

Rat-Infested Midtown Studio at $2500/mo said...

DL,

You wanna PIECE of me?

72bat said...

nyc for a 20-something bachelor hanging with college buds, apparently not-so-bad

Cold Steel said...

Pass the Bear lube.... I'm back.

arbitrage789 said...

Karen @ 2:05

I'm pretty sure it costs $200 with a two year contract. And I think the (cheapest) monthly plan is about $70.

And some believe that Verizon provides a more reliable signal than AT&T

Mannwich said...

@DL: Too much. I've been gone for five years now, but probably at least $1,500-$2K/month or more for a mere studio walk up, although there are bargains to be had if you have the right connections and can get lucky. My wife did have a decent place in Hell's Kitchen (corner of 46th and 9th) from '93 - '03 that was a bargain. A 3BR that she split with hundreds of other musical theater types who came and went on tours over the years. I even sublet it from her once for about 6 months.

Of my buddies' exes still lives in her rent controlled apartment in midtown for under $300/month, I think. That's ridiculous.

We paid $1,600/month for a crappy third floor walk up in Chelsea (17th and 8th). Was technically a one BR but it was barely 500 square feet total. Like living in a closet.

arbitrage789 said...

Karen @ 2:05

...although I realize that a team of mules couldn't drag you away from your iPhone.

Mannwich said...

@DL: And, no, we didn't have rats, but had plenty of little mice interrupt my late night TV watching when we first moved in. Was very unsettling to say the least. It was our first place as a married couple (the Chelsea apt), so I do have fond memories despite that and the late night 3 a.m. weekday noise/revelry from the bridge and tunnel priveleged types in the nearby Meatpacking district who apparently didn't need to work for a living.

karen said...

DL, your link had it priced at $599.. and it was ugly. does it even have a camera? can i keep all my music on it?

arbitrage789 said...

Karen @ 2:12

According to the verizonwireless site, it's $200 w/contract. And I think the camera is 8 megapixel.

Mr Market said...

I am looking down at KAREN'S TOP. Lovely view.

Nic said...

The British are now so hated I just saw the TV ad where the Geiko Gekko tries to pretend he is Australian.

McFearless said...

alright....here we go, lets see how it does now.

CV said...

@Manny

Green Acres is the place to be...

Mannwich said...

@cv: I like my trees and grass and peace and quiet now, all things I couldn't care less about growing up when I had them as a youngster. I laugh when I see folks retreat the "big city" here to head to the cabins......no need for that, IMO. There's plenty of that right in the city here. It's all about one's perspective, I guess.

Nic said...

In two years this is the first time EURUSD has gone up 11 consecutive hours. Have never been 10 straight hours, and 5 instances of 9 straight hours.
Cold steel

arbitrage789 said...

Mannwich @ 2:19

"trees, grass and ...quiet"

Ditto that.

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