TRADERS ANONYMOUS: Morning Audibles 8.11.10

Morning Audibles 8.11.10

As CV mentioned in the comment thread last evening here on ~~PERCH HATERS ANONOYMOUS~~ ~~TRADERS ANONYMOUS~~ SURVIVOR CAPITAL...

CV said...

Speaking of zombies...

The Nikkei is getting POLEAXED...

August 10, 2010 9:29 PM

Just what is a POLEAXE? I'm "axekin' y'all... Here, I found one...

This is how it looks like in FUTURES...

I think the PORK BELLIES are up because their entrails are being removed...

There are other useful things for POLEAXES (and "poles" for that matter - and sometimes they even go hand in hand)... To wit:

http://www.thisislondon.co.uk/standard/article-23745823-harriet-harman-to-pole-axe-sexpenses.do

So that's your lesson for the day...

"Learn it... Know it... Live it..."

324 comments:

«Oldest ‹Older 1 – 200 of 324 Newer› Newest»

CV said...: @Amen (from other thread)

I think there's been a gas leak at the WH for about the past 100 years...

They're just discovering it now?; August 11, 2010 at 8:54 AM
Nic said...: Pork bellies are up because swine flu was officially declared over this week; August 11, 2010 at 9:17 AM
Anonymous said...: What can be the Stupid News thing that the Central Bankers or Govt can come up in the next week which could stop this slide. I mean, I had never heard of the shit called TARP before I heard it. I am really thinking hard.; August 11, 2010 at 9:18 AM
CV said...: @Anon (9:18)

I know... I know...

Obama could tell everyone how he plans to DOUBLE exports within the next 5 years! and cut the deficit in half!

http://www.zerohedge.com/article/trade-deficit-surges-highest-october-2008-trounces-expectations-q2-gdp-be-revised-sub-1; August 11, 2010 at 9:21 AM
CV said...: @Anon

And if the message isn't getting through... Jeffery Immelt can "take the whip" to his crew at CNBC & MSNBC

http://www.zerohedge.com/article/gasparino-confirms-jeff-immelt-scolded-cnbc-staff-being-anti-obama; August 11, 2010 at 9:26 AM
karen said...: good morning! buying the dip, CV? has anyone seen the kraken?; August 11, 2010 at 9:29 AM
Anonymous said...: Forgot to write that it was me Prashant at 9.18. I still feel something could still go haywire on the upside in the next few days. Or maybe it is just that often screwed bear in me. Thousand times bitten, once shy, I guess.

Prashant; August 11, 2010 at 9:29 AM
karen said...: so much going on!

zerohedge

New post: Richard Russell Slams Robert Prechter, Praises Gold, Tells Readers To Get Out Of Stocks http://tinyurl.com/36rx7gv; August 11, 2010 at 9:30 AM
karen said...: here we are.. : ); August 11, 2010 at 9:34 AM
AmenRa said...: Ooh Karen's top just got removed.; August 11, 2010 at 9:34 AM
karen said...: but we are not dropping thru fast enuf... CV, must be buying bigtime.; August 11, 2010 at 9:35 AM
McFearless said...: two comments about russell since ZH is presenting what he's been saying in light of their gold obsession:

1. RR has said for months he's 50/50 cash/gold, so prechter says to have all cash, this isn't really a crazy difference in advice not to mention, anyone that has read CTC knows that in 2000 while Prechter said he was worried about gold (they did advise buying in some theorist letters around that time as well), he said to buy it then anyway and then told you the safest places to get it and how to properly store it, because it was the only real money there is. Prechter is not anti gold, that's just wrong.

2. RR's claims about the US dollar in deflation are both consensual as well as a direct contradiction to what has happened historically during deflation.

that's all.; August 11, 2010 at 9:35 AM
McFearless said...: iow, my #2 point, is to say, it's double different this time.

possible of course, but I highly doubt that.; August 11, 2010 at 9:36 AM
AmenRa said...: 18's 1098 has been hit also.; August 11, 2010 at 9:36 AM
CV said...: @karen

I actually am going to get NET NEUTRAL here at 1098 and see what happens...

yesterday... By some kind of miracle, I ended up the day "perched" short...

I'm covering that up now...; August 11, 2010 at 9:38 AM
CV said...: If this really wants to hold... I'll go long...

If it stays dicey...

There's still the 1072 gap on the table...

Not sure what to do here...; August 11, 2010 at 9:40 AM
karen said...: still short myself and perched on the edge of my chair.. : ); August 11, 2010 at 9:42 AM
CV said...: What could be VERY delightful would be if the market makes some kind of wide band sideways ABC-ABC pattern (and attempts to buy more time)...

1072-1050???

I could handle that in a big way...; August 11, 2010 at 9:42 AM
karen said...: uup is at 23.80!; August 11, 2010 at 9:43 AM
Leftback said...: WOW. KARENS TOP revealed in all its beauty....
LB is in SHOCK AND AWE.

Just watching. I mean, who can blame LB?; August 11, 2010 at 9:43 AM
CV said...: I think I saw the minis touch 1095...

I-Man could probably confirm...

I wasn't sure why that number (it wasn't on my radar screen as much as 1098...

Ben, Andy, & LB... KUDOS on Bucky!; August 11, 2010 at 9:44 AM
Anonymous said...: looks to be a particularly gruesome morning- guess that what happens when you break out the poleaxe; August 11, 2010 at 9:44 AM
karen said...: ben.. zh/td tends to put a certain slant on things..; August 11, 2010 at 9:44 AM
I-Man said...: Are we all seeing what we would like to see this morning?; August 11, 2010 at 9:45 AM
CV said...: @LB

Question is... With the 10y here... Whow are the BD's going to sell to?

"Are we having fun yet"
"What's that"?
"FUN"; August 11, 2010 at 9:45 AM
Leftback said...: Nikkei will continue to be poleaxed until BoJ intervention.
LB will continue to take profits on his long bond position.

The guys who put on the yield curve 4-5% flattener are being carted out on stretchers. MS was a big participant in that stroke of genius.; August 11, 2010 at 9:46 AM
Leftback said...: One way to look at this weeks' auction is this; on PANIC DAY, every JOE is going to want the Ts. So the B/D take-down will be minimal, enabling them to short the product as they sell it, and then buy it back at higher rates. When B/D participation is high, they obviously can't do this....; August 11, 2010 at 9:48 AM
Jim Carrion of Mordant Scamley said...: I still say my 5.5% 10y is a good call.

For 2020....; August 11, 2010 at 9:48 AM
CV said...: @LB

2 year under .05 (10y 5.5%)... Now that's what I'd call a steepener...; August 11, 2010 at 9:51 AM
I-Man said...: LB your fixed income calls lately have been Infinite Quality.

http://www.youtube.com/watch?v=Hsuj9AIMUJY&feature=related; August 11, 2010 at 9:51 AM
Leftback said...: LB likes JNK here, for a trade. Will add to JNK and LQD today. Here's why:

The credit market is solid for now. The bond investor is going to seek yield, with the FED supporting the Ts, then they will move out on the risk curve and can do so without any significant interest rate risk. Of course the Fed's objective is to support MBS market again, as well as corporates.; August 11, 2010 at 9:52 AM
Leftback said...: I-Man,

I did short the 10y going into Fed day, which wasn't good. But that was a hedge, obviously, in case the easing was priced in or didn't occur.

Calibrated risk, bro.; August 11, 2010 at 9:54 AM
CV said...: So here we are...

PERCHed halfway in between two HUGE chart gaps...

Down near 1070
Up near 1020

karen - cue the Stealers Wheel...; August 11, 2010 at 9:54 AM
I-Man said...: Hey we dont get em all right...

Just trying to bat over .500...

Harder than it sounds.; August 11, 2010 at 9:55 AM
Leftback said...: Credit will lead. Once the covering is over in the 2y, then we might see a bit of risk-taking emerge, in the bond market and FX before equities.; August 11, 2010 at 9:55 AM
karen said...: I was just charting JNK.. i want 38.25-50, at least.; August 11, 2010 at 9:56 AM
karen said...: just sold some bzq i think.. keeping what i bot under 20 for now.

half my faz just went too.; August 11, 2010 at 9:58 AM
Leftback said...: Steepener helps the banks. The banks are floating above the Spooz.
That's a clue as to what will bounce...; August 11, 2010 at 9:59 AM
karen said...: mrtopstep

#futures $ES_F volumes abv recnt avg - sell prgms erly flvr - think weak shrts will b sqzed abv 1098 area; August 11, 2010 at 10:01 AM
karen said...: mrtopstep

#futures $ES_F 09:00:28 we think the 1093.80 low is good for low for now 10 handle rule in effect 09:00:50 everyone short; August 11, 2010 at 10:03 AM
karen said...: nah.. i wanna see 1088-1090 for a bounce.; August 11, 2010 at 10:04 AM
karen said...: of course, third time might not be a charm..; August 11, 2010 at 10:05 AM
CV said...: @karen

No question that 1088-1090 may be nabbed...

I took some profits at 1098... Simply Bcuz I'm SICK of not booking profits this past month (and watching them vanish)...

CV playing small ball here...; August 11, 2010 at 10:08 AM
I-Man said...: Yeah, one of these days and it wont be long...

The dib buyer will be trapped, long.; August 11, 2010 at 10:08 AM
Anonymous said...: b22 @ 9:35-

the problem w/ ZH- although I like much of the content are the comments-

talk about on the fringe; August 11, 2010 at 10:11 AM
CV said...: @I-Man

It won't be long...

http://www.youtube.com/watch?v=dcbL6OBT6Zc; August 11, 2010 at 10:13 AM
I-Man said...: I-Man is going to wait for a short entry...

Today is a message I think.; August 11, 2010 at 10:14 AM
Leftback said...: Yields hit bottom at 49 bps on 2y and have backed up slightly.
Small bounce trades initiated, with stops just below the 1090 area.

ZHer: GOLD not going up FAST ENOUGH. MANIPULATION !!!

Wonder what the NAZZ trader msg boards would have been like in 99..?; August 11, 2010 at 10:14 AM
CV said...: @ahab

I think the comments at ZH are hysterical...

I go there for my daily dose of comedy...; August 11, 2010 at 10:14 AM
I-Man said...: I-Man was channeling more of this one, CV:

http://www.youtube.com/watch?v=Hmcdoqtonuc; August 11, 2010 at 10:15 AM
karen said...: i love fringe !! long fringe : ); August 11, 2010 at 10:15 AM
karen said...: just exchanged an email with 72bat.. he is very very ill!; August 11, 2010 at 10:17 AM
Felicia said...: I feel naked without my avatar.... or half-naked, anyway.; August 11, 2010 at 10:17 AM
CV said...: @I-man @LB

Frankly... I don't think it make a whole lotta difference whether one initiates SHORT or LONG here...

We're going to end up COVERING both the chart gap at 1072 AND the chart gap from this morning...

there are 20 points of S&P meat either way...

So anyone who starts with half a position here, and gets it wrong could probably catch the other side on the eventual snapback...

JM2c; August 11, 2010 at 10:17 AM
arbitrage789 said...: Fringe?; August 11, 2010 at 10:18 AM
CV said...: Get well 72...; August 11, 2010 at 10:18 AM
CV said...: Peeps...

I don't know what the deal is on the avatars...

I checked the blog settings... I just don't know...; August 11, 2010 at 10:19 AM
I-Man said...: Get well, Bat...

Sick in summer blows.

Good vibes from the I.; August 11, 2010 at 10:19 AM
Anonymous said...: when I was seeing comments lambasting Jews for not joining the US military (ask me if I give a shit)- what of the Quakers- I bet their not represented well either- but really- where do you get statistics like that anyway-

the KKK journal; August 11, 2010 at 10:20 AM
arbitrage789 said...: Glad I sold my 2000 shares of QLD on Monday.; August 11, 2010 at 10:20 AM
I-Man said...: Blogger must have something about Rasta donkeys... broke the system.; August 11, 2010 at 10:20 AM
Leftback said...: More retirement insanity:

http://finance.yahoo.com/focus-retirement/article/110295/how-rich-is-rich?mod=fidelity-buildingwealth&cat=fidelity_2010_building_wealth

With $34K saved up, JOHN Q BOOMER is well on his way to WEALTH ! This is the real deflation driver. To pay for JOHN and JANE BOOMER's MEALS on WHEELS so they don't eat dog food, we are all going to pay more tax. JOHN and JANE will not be spending much. Trust me.; August 11, 2010 at 10:21 AM
Anonymous said...: . . .and b22- re RP- the way I see it- the dude is definitely not anti-gold- he is just pro USD; August 11, 2010 at 10:23 AM
Leftback said...: DL:

Brilliant.

Nice timing. LB twitched, it was a great day to sell. Low volume, grind up, FED ahead. Classic. Now we are still ITM (from 1040 area) but if we get a break below 1100 today, we are out.; August 11, 2010 at 10:23 AM
karen said...: i need a new avatar anyway.. this buys me more time. i attempted to foto my glossy fushia painted toes, but it was hardly impressive. one of those you-woulda-had-to-be-there moments.; August 11, 2010 at 10:25 AM
karen said...: LB.. we've been below 1100 all morning.; August 11, 2010 at 10:26 AM
karen said...: mrtopstep

#futures #bonds $ES_F antr by opp in spoos on retest of lows-if 30yr trds 130.18 & lwer sud test 130.13 w/obj 130.07 w/spoos firming

wondering where Nic is.. she was her last night.; August 11, 2010 at 10:28 AM
karen said...: mrtopstep

ESTIMATES CRUDE: -1.8 MB -2.5 MB MOGAS: -300 KB +1.7 MBDIST: +1.3 MB +750 KB; August 11, 2010 at 10:30 AM
18 said...: wowza, on travel, pulled over to check the markets and... what a drop! 1098!

Although I thought SPX would see 1098 this week, didn't think it would be hit in 10 minutes!

fib numbers above and below 18's 1098 are near 1105 and 1091.

Yesterdays 18's fib 1127 may have been the high in SPX for a few weeks IMO.

Really thought a few weeks ago this "18" trading strategy might not work out well, but seems to be working BTE. (I just jinxed myself!)

Good luck trading, NOW can not even guess if we close higher or lower than 1098 today.; August 11, 2010 at 10:30 AM
Leftback said...: HYG and JNK already up. Spreads are tighter.

Be ready to cover.; August 11, 2010 at 10:32 AM
Leftback said...: K.,

LB means a close below 1100.

NICE TOP! By the way...; August 11, 2010 at 10:33 AM
arbitrage789 said...: K @ 10:25

Admittedly, it is a little seasonal. (At least for those of us who don't live in S. Cal).; August 11, 2010 at 10:34 AM
18 said...: Hey, I'm 18... so I'm old enuff to see Karens top?

hehe

18; August 11, 2010 at 10:35 AM
Nic said...: Hello Karen
Im practising my shorter term crude trading skills; August 11, 2010 at 10:37 AM
karen said...: LB.. you don't know everything! new low on spx right now. and the kraken is still missing.. i think CV left the dungeon unlocked on purpose.; August 11, 2010 at 10:38 AM
arbitrage789 said...: We could still rally back to 1125 or so over the next week or two. But I would think that pre-election jitters are going to set in by early September.; August 11, 2010 at 10:38 AM
Nic said...: The US is secretly bankrupt:
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aiFjnanrDWVk; August 11, 2010 at 10:38 AM
arbitrage789 said...: I have crude trading skills as well.; August 11, 2010 at 10:39 AM
karen said...: Nic! fun stuff! especially if it ever disconnects from the stock market..; August 11, 2010 at 10:39 AM
arbitrage789 said...: SECRETLY bankrupt?

I don't know... if we eliminate entitlements and defense spending, we'll be O.K.; August 11, 2010 at 10:40 AM
I-Man said...: Karen I think you and I are the only ones looking for lower lows today...

Symmetry.

:); August 11, 2010 at 10:40 AM
Anonymous said...: The US is secretly bankrupt

not a well kept secret; August 11, 2010 at 10:41 AM
karen said...: geeze.. bzq certainly has become a thinly traded etf..; August 11, 2010 at 10:41 AM
CV said...: Secretly?; August 11, 2010 at 10:42 AM
karen said...: and remember yesterday i said i wouldn't be happy unless we took out the low of last week.. and we did it! now the bulls have some technical damage to deal with on their jaunt to 1250..; August 11, 2010 at 10:43 AM
CV said...: Ladies & Gentlemen

Our lovely karen provides the ENTIRE daily liquidity for BZQ...

Glad to see you're a market maker karen...; August 11, 2010 at 10:43 AM
karen said...: oh, and have you heard? Ireland is the new Greece.; August 11, 2010 at 10:44 AM
Leftback said...: Karen,

I don't know everything, and I forgot about the overnight Kraken...

But I do know it's spelled fuchsia.
But pronounced "FEWSHA"...

Anyone noticed that KRAKEN is an anagram of KAREN K ?; August 11, 2010 at 10:44 AM
karen said...: mrtopstep

bonds popin bak up w/out testin 13013 adds prssr to spoos but not ovr yet = slippery USE STOPSmor dwnside comes stps 9300 area 1087 area obj; August 11, 2010 at 10:45 AM
CV said...: @Amen

You'd better be coming up with something "spiffy" for CREDITCANE...

And don't forget "Whistling Straits"; August 11, 2010 at 10:45 AM
karen said...: typo LB! i'm hardly perfect.. but Kathryn was my middle name.; August 11, 2010 at 10:47 AM
CV said...: @LB

Did you know that BL was an anagram of LB? :-); August 11, 2010 at 10:53 AM
Anonymous said...: creditcane!!!! definitely should be trademarked

regarding BK of the good ole' USA-

I like the idea of retrenchment of our military- however-

can we look at the military as just a huge jobs program for young men-

what of the future when they are all unemployed stateside?

something to ponder?; August 11, 2010 at 10:54 AM
CV said...: Or how about...

"back felt"; August 11, 2010 at 10:55 AM
CV said...: That's how you were able to call the feftback bottom...

You "felt" it...; August 11, 2010 at 10:56 AM
72bat said...: thanks for the well wishes. just lurkin' while hurtin'.
re u.s. bankruptcy, noted the author, Kotlikoff, also wrote "Jimmy Stewart is Dead: Ending the World's Ongoing Financial Plague with Limited Purpose Banking"
sounds like a plan. if only.; August 11, 2010 at 11:05 AM
karen said...: alaidi - those rumours abt ECB "dabbling" in those Irish bonds came mins after BoI said deposit margins remain under pressure #euro #forex $$; August 11, 2010 at 11:05 AM
karen said...: Slovak Parliament Rejects 816 Mln Bilateral Loan To Greece; August 11, 2010 at 11:07 AM
karen said...: TBT anyone?; August 11, 2010 at 11:10 AM
karen said...: $tnx at new 52 week low.. we knew that would happen..; August 11, 2010 at 11:11 AM
karen said...: mrtopstep - #futures ES_F 09:52:5 congestion lower 1090's to 1087 area note: two wk low 1084.70; August 11, 2010 at 11:15 AM
CV said...: EUR-USD... Doh!; August 11, 2010 at 11:15 AM
CV said...: btw...

VERY much appreciated the TOPSTEP tweets :-); August 11, 2010 at 11:16 AM
Leftback said...: JNK and HYG still above their lows for the day. TBT probably worth a small wager on a) spreads tightening or b) all rates rising from here.

Treasury complex is really quite exuberant here.; August 11, 2010 at 11:18 AM
I-Man said...: Feel like a piker saying this down 2%, but I could see 100 handles off YM in a heartbeat...

That 10285 could come into play with just a little push...

Remember the Gann water quote... once the pump is turned off, it takes no energy...

Gravity rides everything.; August 11, 2010 at 11:18 AM
Leftback said...: EUR-JPY 109.9450 -2.6355 -2.34%

This is broken. Ra pointed out the break of 113 as important.
The 113 level now serves as resistance to a bounce.

The Market has never crashed in August.
Of course there is a first time for everything....

LB says BoJ intervention, tonight.; August 11, 2010 at 11:21 AM
CV said...: Nikkei ended down 3.63% and we're only at 2.7% right now...; August 11, 2010 at 11:21 AM
karen said...: we talked about this, too: zerohedge - New post: NYSE Short Interest Lowest Since January As Selloff Buffer Disappears http://tinyurl.com/2ef46qn; August 11, 2010 at 11:27 AM
CV said...: @LB

Keep in mind that next week is OPEX...

I'm thinking that there are a bunch of STRANGLEs up near the 1120 area...

http://www.youtube.com/watch?v=4pxoGnFIsjA

So today (maybe even tomorrow & early Friday, bears can have some fun)...

But wait for it to get pull back into line...

If it's slow getting there, there's ALWAYS the "surprise announcement" by the Fed on 3:55PM next Thursday)...; August 11, 2010 at 11:27 AM
Anonymous said...: from nic's link-

The fiscal gap is the government’s credit-card bill and each year’s 14 percent of GDP is the interest on that bill. If it doesn’t pay this year’s interest, it will be added to the balance.

Demand-siders say forgoing this year’s 14 percent fiscal tightening, and spending even more, will pay for itself, in present value, by expanding the economy and tax revenue.

My reaction? Get real, or go hang out with equally deluded supply-siders. Our country is broke and can no longer afford no- pain, all-gain “solutions.”

no doubt- American's have proven however they won't forgive a President who delivers the real news-

http://www.youtube.com/watch?v=tXvGKJF2XQU&feature=related; August 11, 2010 at 11:31 AM
Leftback said...: A little gem, for you all, from Mr Practical:

Money vs Wealth; August 11, 2010 at 11:31 AM
Leftback said...: CV:

RUT is -3.22% so we aren't far away from Nikkei -3.63%.
Congrats to Ra, who I think pointed out RUT as a good short.; August 11, 2010 at 11:33 AM
Leftback said...: HYG made a new low. JNK, TBT still off its low.; August 11, 2010 at 11:35 AM
Leftback said...: Very few ladies have ever complained about the Leftback Bottom.
It was perfectly timed... when the market goes UP on bad news ....; August 11, 2010 at 11:37 AM
Leftback said...: That was delayed...
LB doesn't make gratuitous references to his bottom.; August 11, 2010 at 11:38 AM
karen said...: I-Man.. a tweet for you: neiltyson

A bullet fired level from a gun will hit ground at same time as a bullet dropped from the same height. Do the Physics.; August 11, 2010 at 11:40 AM
AmenRa said...: So when does the carry trade unwind begin in earnest?; August 11, 2010 at 11:41 AM
Anonymous said...: HUD To Offer Interest-Free Loans To Distressed Homeowners-

pretty soon they will be paying them to stay in their homes; August 11, 2010 at 11:43 AM
AmenRa said...: New SPX lows but no new TICK lows...; August 11, 2010 at 11:43 AM
Leftback said...: BoJ intervention or full-blown carry trade unwind?
I'll take the BoJ this time around, fancy a flutter on the Nikkei.

BUCKY just about stopped here above DXY 82.20
This was a dress rehearsal for September.

LB could be wrong, and if so, will be eviscerated by KAREN....
;-); August 11, 2010 at 11:44 AM
B22 said...: @72

feel better man.

@all,

I'd be posting but sort of busy today, and I have this perch sandwich for lunch and all.

king dollar! played with some call options on UUP, I removed one of them today....thanks dollar.

also, I'm taking credit for the small cap short call as well, as I've been rapping about it for two weeks.

this fall is going to be a traders dream come true I think.

last, I'm not sure if it was the top but a few weeks back I posted based on some fib work I was doing a top around 8/9-8/11 +/- 2 days.

I'll show my chart if it plays this way, if not, just pretend I never mentioned it.; August 11, 2010 at 11:44 AM
CV said...: @Amen

It seems they like to pussyfoot all these FIB extension landings...

Butterflies with sore feet...; August 11, 2010 at 11:46 AM
I-Man said...: "The future is no more uncertain than the present."

-Walt Whitman

"The future is no more than the rising sun."

-Midnite; August 11, 2010 at 11:46 AM
Homer Simpson said...: @McF

"I have this perch sandwich for lunch and all."

"MMMMM - Perch"; August 11, 2010 at 11:48 AM
Leftback said...: Way too many people had EURUSD target at 1.35
I think the I-Man nailed that one.

These 2 and 3% pull-backs are traditionally the stuff of "bull markets", so if we bounce off this low and close above 1100, it will be bought.

The 5-6% drops are bear market moves, and are followed by 3-4% (=61.8% fib of 5-6%) squeeze days. That's ugly action and if we see that we are so in cash.; August 11, 2010 at 11:51 AM
William Shakespeare said...: Other famous PERCH in history...

"To sleep, perchance to dream. Ay, there's the rub,
For in that sleep of death what dreams may come"

Hamlet (III, i, 65-68); August 11, 2010 at 11:53 AM
I-Man said...: That sneaky Mr Fibonacci and his 61.8's...; August 11, 2010 at 11:57 AM
karen said...: iPhone Users Have Twice as Much Sex as Android Users

http://www.minyanville.com/dailyfeed/iphone-users-have-twice-as/; August 11, 2010 at 11:58 AM
Leftback said...: EURJPY off its lows, European trading day coming to an end.; August 11, 2010 at 11:58 AM
CV said...: Twice as much SEX?

or SEX(T); August 11, 2010 at 11:59 AM
Leftback said...: That's not frequency, Karen, it's promiscuity...; August 11, 2010 at 11:59 AM
Leftback said...: TLT is well below its July 21 high.; August 11, 2010 at 12:01 PM
CV said...: Re: SEX

A Kentucky State Trooper was patrolling late at night off the main highway.

He sees a couple in a car, with the interior light brightly glowing. He carefully

approaches the car to get a closer look. Then he sees a young man behind

the wheel, reading a computer magazine. He immediately notices a young

woman in the rear seat, filing her fingernails.

Puzzled by this surprising situation, the trooper walks to the car and gently raps

on the driver's window. The young man lowers his window. 'Uh, yes, Officer?'

The trooper asks: 'What are you doing?' The young man says: 'Well, Officer, I'm

reading a magazine.'

Pointing towards the young woman in the back seat the trooper says:

'And her, what is she doing?'

The young man shrugs: 'Sir, I believe she's filing her fingernails.'

Now, the trooper is totally confused. A young couple, alone, in a

car, at night in a lover's lane ... And nothing obscene is happening!

The trooper asks: 'What's your age, young man?'

The young man says: 'I'm 22, sir.'

The trooper asks: 'And her .... what's her age?'

The young man looks at his watch and replies:

'She'll be 18 in 11 minutes.. '; August 11, 2010 at 12:02 PM
Leftback said...: LB is off until the auction. Stops in place....

Enjoy.; August 11, 2010 at 12:02 PM
I-Man said...: http://www.minyanville.com/businessmarkets/articles/trading-ideas-price-action-stock-market/8/11/2010/id/29560?page=1

Jeff Cooper is Top Rankin.; August 11, 2010 at 12:03 PM
B22 said...: Lefty,

you trying to bait me or something? re: EUR:USD?

I just said three days ago the 1.35 target wasn't going to work, it was the same target everyone had. I'd dig up the comment but on top of the avatar's being gone the blog search function doesn't seem to work either.

REally though, I'm just crying that you aren't telling me how awesome I am, ahahahaha.

My market calls have mostly been pretty crappy the last six months, but the dollar, I've had a bead on that p.o.s since last fall. It's been very profitable for me and for clients.; August 11, 2010 at 12:04 PM
karen said...: mrtopstep

#futures $ES_F lunch time 60 locals in pit GS and ML (actually Bruce Kovner?) sold about 500 each lookin for 1094 area retst now key/bonds; August 11, 2010 at 12:04 PM
AmenRa said...: Yeah that was Ben on RUT. Not I.; August 11, 2010 at 12:06 PM
B22 said...: The uncertainty meme is really silly isn't it? We talked about this a few weeks ago.

One claim that holds no water at all is that businesses aren't hiring because of "uncertainty" but if that were actually the case we should have been seeing hours worked increase, iow, there's work to be done but they are afraid to hire more so they make the current employees work more.; August 11, 2010 at 12:06 PM
CV said...: Washington (AP) -- The Obama administration is providing $3 billion to unemployed homeowners facing foreclosure in the nation's toughest job markets.

The Treasury Department says it will send $2 billion to 17 states that have unemployment rates higher than the national average for a year. They will use the money for programs to aid unemployed homeowners. Some of those states have already designed such programs.

Another $1 billion will go to a new program being run by the Department of Housing and Urban Development. It will provide homeowners with emergency zero-interest rate loans of up to $50,000 for up to two years.

The administration was required to launch the programs by the financial regulatory bill signed by President Barack Obama last month.; August 11, 2010 at 12:09 PM
karen said...: aapl alert! $250 again!; August 11, 2010 at 12:13 PM
Anonymous said...: gotta roll- leaving you all w/ a cover of Lady Gaga-

Poker Face

all have a good day; August 11, 2010 at 12:14 PM
B22 said...: $3 billion.

hmmm.....Is that big?

NO!

These guys don't even bring a knife to a gun fight, they bring sticks...no.... twigs.; August 11, 2010 at 12:14 PM
karen said...: Wednesday, August 11th, 2010, 11:13 am
The Federal Open Market Committee (FOMC) said this week it plans to reinvest proceeds of maturing mortgage-backed securities (MBS) held by the US central bank into long-term Treasurys.

Analysts are warning that the paydowns will in the long run boost supply of MBS, while demand may lag behind in the absence of the Federal Reserve's purchases — which ended in March.

Capital Economics senior US economist Paul Ashworth calls the Fed's plan to reinvest paydowns into Treasurys a "largely symbolic gesture, designed to reassure the markets rather than boost the economy."

http://www.housingwire.com/2010/08/11/analysts-warn-mbs-supply-may-outstrip-demand-with-fed-paydowns; August 11, 2010 at 12:15 PM
AmenRa said...: Nic

EURUSD didn't just fall out of its channel, it had a gravity lesson.; August 11, 2010 at 12:16 PM
karen said...: ben @ 12:06.. absolutely true!; August 11, 2010 at 12:16 PM
CV said...: @McF

Still.. I'd like me some of that cheese...; August 11, 2010 at 12:16 PM
CV said...: @McF

I think we should OUTSOURCE all our federal jobs to China to save money... :-); August 11, 2010 at 12:18 PM
arbitrage789 said...: They could make that $3B go a lot further if they would just mail out checks for $1000 each to registered Democrats in swing districts.; August 11, 2010 at 12:19 PM
Leftback said...: B22:

MEA CULPA. There are so many great calls here I have trouble remembering who made 'em. Nice job.

The problem is, with the KAREN AVATAR, LB's mind just melts...; August 11, 2010 at 12:21 PM
Leftback said...: Businesses are not hiring b/c there is no effing demand.
Period.; August 11, 2010 at 12:22 PM
Hu said...: CV,

這是一個好主意。; August 11, 2010 at 12:22 PM
B22 said...: left,

totally kidding man, everyone here has made some money calls at one point or another this year....everyone.; August 11, 2010 at 12:22 PM
karen said...: "we have systematic failure of disclosure of what is really happening on the fiscal side. Government and international organizations are lying effectively lying to us, there is no question about it. The present value of the difference between spending and revenues from the CBO is $200 trillion."

remember that link i posted a day or two ago where that white house woman is saying the bill was paid for???; August 11, 2010 at 12:23 PM
CV said...: @HU

Man who eat fortune cookie in bed have crummy sleep...; August 11, 2010 at 12:23 PM
karen said...: you can watch the interview with Kotlikoff:

http://www.zerohedge.com/article/boston-universitys-kotlikoff-explains-why-us-bankrupt; August 11, 2010 at 12:24 PM
arbitrage789 said...: No effing demand, yes.

But how to revive the animal spirits without piling on another $5T in debt?; August 11, 2010 at 12:24 PM
CV said...: @HU

Man who run in front of car become TIRED

Man who run behind car become EXHAUSTED; August 11, 2010 at 12:25 PM
Hu said...: CV,

O.K., O.K., I get the picture.; August 11, 2010 at 12:28 PM
B22 said...: I linked this before but I'll do it again, this slideshow is aces:

http://www.ritholtz.com/blog/2010/07/agora-symposium-slideshow/; August 11, 2010 at 12:29 PM
karen said...: Hey, I.. thanks for the Cooper.. you know I <3 him and would have missed that one.; August 11, 2010 at 12:36 PM
B22 said...: alright, I'll be back around the close, enjoy the perch, I mean markets.; August 11, 2010 at 12:37 PM
karen said...: kroo

http://www.minyanville.com/investing/articles/kroo-small-cap-etfs-australian-etfs/8/11/2010/id/29561; August 11, 2010 at 12:38 PM
karen said...: kroo.. not sure if the article failed to point out the lack of volume cuz i didn't read it.. my excitement has vanished.

ben! thanks for that slideshow!; August 11, 2010 at 12:39 PM
Leftback said...: B22,

That BAZZA slideshow is terrific. Especially the politics part...; August 11, 2010 at 12:43 PM
David Einhorn said...: Karen,

Do you still HEART me too?; August 11, 2010 at 12:44 PM
Leftback said...: David,

KAREN does a lot of HEARTing.... get over it....; August 11, 2010 at 12:49 PM
I-Man said...: Interesting little new low at the tail end of lunch hour...

Dont see that everyday.; August 11, 2010 at 12:51 PM
karen said...: Nouriel

V is dead; anemic U growth is baseline; prob of a double dip W is now 40%; and a L shaped near depression is possible in US/Eurozone/Japan; August 11, 2010 at 12:53 PM
Leftback said...: Home Prices Rise in Many Cities

Karen, want to comment on this POS news story?
Home prices rising = beginning of the high end crumble?; August 11, 2010 at 12:55 PM
Leftback said...: L-shaped, baby !!! Yeah....; August 11, 2010 at 12:55 PM
I-Man said...: For Leftback, from the Cooper link...

"The Masterplan"
Oasis

http://www.youtube.com/watch?v=kdvqss4S_-I&feature=email; August 11, 2010 at 12:55 PM
arbitrage789 said...: Whatever happened to the inverted square root?; August 11, 2010 at 12:56 PM
karen said...: looking at spy which helped me with the turn around last time (the time i was calling for 106).. we've got a problem.. even today's open was below the uptrend.. it is clearly broken. i'm looking for 109 flat but why should that hold? it's weak support.. unless the cavalry comes in.; August 11, 2010 at 12:57 PM
Leftback said...: Here come the 10y Tsys?

Who wants these beauties?

SOLD to you, Mister CARON, to cover those UNSIGHTLY SHORTS....
Mr MACK, please put the CATTLE PROD down until trading is over...; August 11, 2010 at 1:00 PM
Leftback said...: 10y sold at 2.73%, slightly above the 2.71%
Coverage 3.03, strong but not overwhelming.; August 11, 2010 at 1:06 PM
karen said...: sonar: http://www.youtube.com/watch?v=dfVu3KVh6Gw; August 11, 2010 at 1:09 PM
webmaster@ covermyass.com said...: CV,

I love what you've done with the place; August 11, 2010 at 1:10 PM
Leftback said...: A last hour dribble into the close from here would get ugly.
So my guess is the "PPT" activity will start soon, if there is to be any.; August 11, 2010 at 1:12 PM
CV said...: @McF (12:29)

I'll bet slide 34 is your favorite...; August 11, 2010 at 1:20 PM
karen said...: topstep: http://www.youtube.com/watch?v=9qKHCNio5Kw; August 11, 2010 at 1:25 PM
karen said...: did he say 1066 or 666.. i have major tree working going on here.. 3 canaries coming out and and a 45 foot eucalyptus..; August 11, 2010 at 1:32 PM
I-Man said...: 1066; August 11, 2010 at 1:35 PM
karen said...: i like slide 46!; August 11, 2010 at 1:37 PM
CV said...: @I-Man

I concur... It goes back to the "fulcrum" of CV's EXPANDING WEDGE that I was talking about 3 weeks ago...; August 11, 2010 at 1:42 PM
CV said...: @I-Man

Fore reference...

The slides on this thread...

http://traders-anonymous.blogspot.com/2010/07/morning-audibles-72910-within-without.html; August 11, 2010 at 1:44 PM
karen said...: oh yeah! 1065! true CV..; August 11, 2010 at 1:44 PM
karen said...: and that is my 106 SPY number.; August 11, 2010 at 1:45 PM
karen said...: DL.. PIMCO tweet

Gross: We need to become job competitive, to direct more emphasis and investment in clean energy, infrastructure and education.; August 11, 2010 at 1:46 PM
AmenRa said...: 1067.52 is the 23.6% retrace of the monthly 3LB range (1186.69-1030.71).; August 11, 2010 at 1:47 PM
arbitrage789 said...: Karen @ 1:46

Gee, thanks.

(And don't get me started).; August 11, 2010 at 1:47 PM
Leftback said...: LB rode the THIRD WORLD NYC SUBWAY this morning. It is falling apart, something you really notice if you go to Copenhagen or London where they have actively updated sections of the Tube and continue to do so.

Why not invest in that instead of sending my tax $ directly to BLANKFIEND? I guess BLANKY doesn't strap-hang...?; August 11, 2010 at 1:53 PM
Nic said...: I love it. Everyone is so chirpy on big down days.; August 11, 2010 at 1:53 PM
karen said...: hahaha! alaidi

RT @Martwittius: @alaidi How come USD rebounded despite weak outlook for US economy & FOMC stance on QE?. WILL ANSWER YOU SOOn; August 11, 2010 at 1:53 PM
CV said...: The formerly "strapless" karens top, now has the straps back on...; August 11, 2010 at 1:54 PM
karen said...: LB.. did you read about the mosque protest at the twin towers? the protestors think they were censored by the media.. i thot i read about it, tho.. maybe it was tweeted : ); August 11, 2010 at 1:55 PM
arbitrage789 said...: LB @ 1:53

I would agree that investment in the NY subway system is a more worthy objective than 80-90% of the "stimulus" goals that Obama has wasted money on.; August 11, 2010 at 1:58 PM
Leftback said...: CV

We need illustrations. Like before and after...

K is going to love it if LB crashes and eats his bounce trades....; August 11, 2010 at 1:59 PM
CV said...: If they would just turn AIR FORCE 2 and MARINE ONE into fractional jet & helicopter ownership and let every citizen take turns using them on their vacations and to fly 6 miles across town...

I'd be on board with that... :-); August 11, 2010 at 2:01 PM
CV said...: @LB

That's why the avatars are down...

karen crammed the system with nude fotos (which were censored by blogger)...; August 11, 2010 at 2:02 PM

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Morning Audibles 8.11.10

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