Morning Audibles

Capital Markets have "truly" become a yo-yo haven't they?... That's what happens when you elect YO-YO's, and they re-appoint yo-yo's, and staff themselves with YO-YO's...

Let my good friend ROCK tell you about YO-YO's...


Rocky
written (and performed) by Slyvester Stallone

Rocky: Eh, y'know, when I was your age, there was only one girl in the whole neighborhood who talked like that, y'know what I mean? That was it, just one. (as she lights a cigarette) Whatta ya doing? C'mon, it'll make your teeth yellow, don't do that!

Marie (Jodi Letizia): I like yellow teeth!

Rocky: It'll make your breath like garbage.

Marie: Maybe I like garbage!

Rocky: C'mon, nobody likes garbage (he throws the cigarette away) Anyway, this girl with the dirty mouth, she wasn't bad-looking but y'see, none of the guys ever took her seriously, y'see? They never took her out for any serious dates.

Marie: Why?

Rocky: Because that's the way guys are. They laugh when you talk dirty, they think you're cute, but after awhile, you get a reputation and that's it. You get no respect, y'understand? You get no respect! I gotta use a bad word: whore. Y'understand? Whore. See, you use dirty words and maybe you seem like a whore, y'understand. (he opens a door for her)

Eh, it don't matter that you're 12. It don't matter. You don't really have to be one, you just act like one and that's it. Boom. Eh, you get a bad rep, y'understand? Twenty years from now, twenty years from now, people'll say 'you remember Marie?' ("playing both parts") 'No, who's she?' 'She was the l'il whore that hung around the Atomic Clothing shop.' 'Oh, yeah, yeah, yeah, now I remember her!' Y'see, they don't remember you, they remember the rep! Y'understand? Eh, you gotta boyfriend? No, you ain't gotta boyfriend? Y'know why? Why do you think you don't got a boyfriend? Because you hang out with those coconuts on the corner, y'understand? You hang out with coconuts, you get nowhere. They're eleven, eleven. You hang out with nice people, you get nice friends, y'understand? You hang out with smart people, you get smart friends. You hang out with yo-yo people, you get yo-yo friends! Y'see, it's simple mathematics. I hope you ain't gonna--

Marie: (interrupting) I won't!

Rocky: What was I gonna say?

Marie: You hope I stop acting like a whore so I won't turn into one, right?

Rocky: Yeah, something like that.

Marie: 'Night Rocky. (at the porch of her tenement apartment)

Rocky: 'Night Marie. Eh, take care.

Marie: Hey, Rocky?

Rocky: Yo?

Marie: (giving the finger) Screw you, creep-o! (she leaves)

(Rocky shuffles off down the street, looking frustrated and sad)

Rocky: (to himself) Yeah, who are you to give advice, creep-o?

---

CV knows about being a YO-YO... For instance... I put up some YO-YO charts (just yesterday - & not the first time)...


I used to do some YO-YO athletic events...


I even used to TRAIN some YO-YO's (and choreograph their YO-YO stage routines, for YO-YO foreign television)...


So I suppose I sort of "fit in" in this world of YO-YO's... I'm where I need to be... But a word of advice (from a YO-YO)... If you all want to take a GIGANTIC LEAP forward in your careers... All you have to do is embark on a never ending quest in finding the ULTIMATE master in the art of YO-YO'ing...

Don't know where to start?... Well - Word of advice: (NOBODY can "ball" like my man here)...


As far as crappy things like blogs... Don't worry about that... I'm pretty sure the BLOGOSPHERE is chock full of YO-YO's (not to mention blogs filled with YO-YO philosophies & hoardes of YO-YO bloggeteers)... In fact, I'm guessing all those are only a click away...

And back to ROCKY (sorry to have gotten off track)... How did things end up for you my good friend? (who understands YO-YO dynamics)...



279 comments:

«Oldest   ‹Older   201 – 279 of 279   Newer›   Newest»
I-Man said...

Too easy to call it a 3 down at this point... lets see what happens in the last hour...

cv said...

@mcF

You should take a look...

To me... the shape is pretty nice...

McFearless said...

free tos also has them for use in the drawing tools, I never really used them but that was a decent chart I thought.

karen said...

AR.. I just realized that stockcharts has an extra bar function now..

karen said...

http://www.businessinsider.com/deutsche-bank-dollar-decline-energy-costs-2010-10

I-Man said...

I'd like to see ES hit 1174 half and reverse hard to start my 4th wave down...

For YM, my number is 11075.

Another key reversal off those levels, would really bring alot into focus for the I...

cv said...

@karen

I like that EURO chart...

cv said...

I like the STOCKCHARTS "look"

the FREESTOCKCHARTS.COM charts look like s***...

I-Man said...

Here's some Phi/phi...

On my YM 1min chart I have a 61.8 fib at 11068...

Would be pretty funny if that ends up being the reversal number...

Anonymous said...

The Googlers are on the Internets, aren't they?

cv said...

@McF

If that little 5 wave down (on the 1 minute charts) scenario is right...

We should be heading down any minute now (or after a few more wiggles)...

We'll know in a few minutes anyway... I'm not playing it, just WATCHING it as a potential indicator if this will end up being a deeper correction that lasts a few days...

Leftback said...

LB isn't as excited about today's action as some people. This is because at this moment, your fixed income correspondent LB HATES BONDS. Specifically, Treasuries, Mexican government 100 yr paper and JNJ 2% yielding 10y toilet paper. Although we don't mind some high yield bonds where we are compensated for risk.

The point is, there is really nowhere for equity money to go if stocks are sold. The divvy stocks are holding up really well today, and bonds are simply not rallying today any more than they did Tuesday. You can't have a really big sell-off unless investors think that bonds are going to be safer or yield more.

Doesn't compute. This is all about currencies, specifically the dollar. So if you look at energy, commodities and emerging markets, they are all inverse leveraged to Bucky, and behave accordingly.

karen said...

zerohedge - Barclays may be forced to unwind Lehman purchase per courtroom leaks

Is that Blackrock's Barclays???

karen said...

if i were an institutional long of NFLX.. i'd be selling today..

karen said...

Sinclair's latest: Dear Comrades In Golden Arms,

The weakness that the shorts on the Comex have taken advantage of is the many comments, almost every day, by highly placed people around the world stating that the Fed is making a huge error by utilizing QE.

The dollar today has not rallied enough to account for the gold price decline. The 30 Year Treasury Bills indicate that economic news is not a factor.

What you need to focus on is the fact that the Federal Reserve has no other option but to go with QE to infinity.
QE never ended, it only became camouflaged through the methods it was utilized such as guaranteeing everything in sight.

I-Man said...

C'mon Karen, you know full well that institutions ONLY sell at the low!

I-Man said...

:)

Sorry, forgot to add smiling emoticon, (laughing...)

cv said...

@karen

If you were long NFLX (at this pe ratio)... You would be "institutionalized"...

karen said...

OH MY! don't look but DRV has risen from the dead..

AmenRa said...

Karen

Did he just say QE to infinity :-)

cv said...

@karen

Good... I'll thank Sinclair that his premise makes it wise to own food & fuel...

karen said...

He did, AR, but apparently Bullard is just saying no, LOL.

Leftback said...

I bet we are putting in another of those triangles you guys love where the volatility decreases, like a damped oscillator, around SPX 1175.

Will comment more fully on bonds in the REPORT at 5, but the action at the long end is really a disaster for bond bulls.

karen said...

CV @ 3:06.. hahaha.. really.. according to etrade, the stats on NFLX: over 81.54% institutionally owned.. (let's see how that changes next reporting period!)

just under 12 million (legitimate) shares were sold short..

info may be dubious.. it keeps changing wildly for JCG..

Leftback said...

Karen, angel..

Did I mention that your ankles are looking lovely? LB can only imagine how gorgeous you are in the rest of the picture.....

McFearless said...

a constitutional lawyer has read the entire hc bill and posted thoughts on snopes....from skimming, it's likely to make pretty big news next few weeks.

Anonymous said...

@McFearless:

Did you see the James Altucher clip about how much you need to retire? It was awesome. He basically outlined a plan where you only need a little over $200,000 per year (after tax) to live.

$3000 a month for rent (he doesn’t recommend owning a home)
$2000 for utilities, car payment
$3000 a month for food
$5000 a month for fun
$4000 a month for vacations

I'm pretty sure that he is just trying to out-shock-jock Howard Stern.

http://finance.yahoo.com/tech-ticker/james-altucher's-retirement-guide-why-you-%22only%22-need-2-million-535525.html;_ylt=AtmqSFEyC2rpooGHMl_MQ_Jk7ot4;_ylu=X3oDMTE3MXVpaWlxBHBvcwM4OQRzZWMDYXJ0aWNsZUxpc3QEc2xrA2phbWVzYWx0dWNoZQ--?tickers=%5Edji,%5Egspc,%5Eixic,qqqq,spy,AOL,ERTS

Leftback said...

POMO schedule. Remember to front-run the FED, before you get rear-ended by Mr Market. Long end POMO on Tuesday, so shorting ahead of that is probably going to be a visit to the Anonymous Proctologist.

October 22, 2010
4/15/2013 – 9/30/2014 (3-5 yr Ts)

October 26, 2010
2/15/2021 – 8/15/2040 (10-30y Ts)

October 28, 2010
4/15/2012 – 3/31/2013 (2-3y Ts)

McFearless said...

anon,

uh, no, I missed it, hilarious, and WTF are those numbers? $3,000 a month for food, what is this, the caviar nightly retirement meal plan.

this sort of blanket nonsense really does wonders for Joe Blow. Also, this:

“Every extra $50,000 you make after taxes per year (as long as its consistent each year) means you can reduce your number by $1 million," he notes. "So if you can scrape together an average of $100,000 per year then your number is $2 million.”


How many of you are scraping together $100,000 per year? I have maybe two dozen people that save more than that each year out of several hundred. I doubt my sample size needs to get any bigger to understand what most people can and can't do.

karen said...

Ben, i think i found it:

http://www.snopes.com/politics/soapbox/connelly.asp

btw, i never knew about snopes.. got stuck on a MJ sexual allegations settlement first, LOL

karen said...

http://www.ritholtz.com/blog/2010/10/bullard-tells-us-how-he-wants-to-do-things/

I-Man said...

If impatient shorts would stop feeding the beast we might actually get a reversal here...

McFearless said...

being a master investor, he should really leave this sort of thing to a financial planner

you're out of your element donny!

karen said...

d*mn.. i really didn't want to touch 1180.. let alone exceed it..

I-Man said...

Ding!

karen said...

Jennifter.. here is a bedtime story of the children:

http://www.housingwire.com/2010/10/21/how-joseph-lents-dodged-foreclosure-for-eight-years-and-started-a-movement

karen said...

this is truly amazing!! (same story cont..)

As the stalemate grinds on, Lents has the comfort of knowing he’s no longer alone. When he began demanding to see the IOU, he says, “I was looked upon like I had leprosy. Now, I have probably 20 to 30 people a month come to me” asking for advice. Lents is irked when people accuse him of exploiting a loophole. “It’s not a loophole,” he says. “It’s the law.”

http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=a5QeIgTx0uaE

cv said...

1180 is a 50% re-trace from todays lows back to todays highs...

I-Man said...

Darn it... might have to retract that bell ring already...

karen said...

when i read a story like that.. and gather what is happening in the MBS world.. i think the banks might hang themselves yet..

“When you say you lose a $1.5 million negotiable instrument -- that doesn’t happen,” he said in an interview in Bloomberg Businessweek’s Oct. 25 issue.

karen said...

Jennifer, sighing, i meant "for the children" not "of the children.."

McFearless said...

CV,

from Karen's link, read carefully:

DLJ claimed that its word was as good as paper. But at least in Palm Beach County, paper still rules. If his mortgage holder couldn’t prove it held his mortgage, it couldn’t foreclose.



Paper dude.

karen said...

oh, this is too much!! i've got a 10 min nflx candle chart up with a 10 min spy candle overlay..

karen said...

aren't you guys glad i know nothing about sports and FF, especially? at least it puts a limit on my seemingly endless comments : )

Leftback said...

Karen

Can LB have a bedtime story...?

Leftback said...

FF?

Karen, I thought you were a frequent flyer...?

:-)

Leftback said...

at least it puts a limit on my seemingly endless comments : )

We love your seemingly endless comments, and LB wants to see more of your seemingly endless legs....

I bet you're glad I am back... :-P

karen said...

now i'm into a 5 min candle chart of nflx and spx overlay.. would someone just start dumping their nflx shares? lol..

karen said...

ben, another Joe for ya.. but he's got a point : )

http://www.businessinsider.com/ebay-bond-offering-2010-10

karen said...

wow, aapl is an even better match than nflx on the spx.. those algos!

McFearless said...

karen,

I'd love to see rates go up, the Fed religious movement would finally die out.

that said, I'm not really much for caring about what joe thinks it "feels like"

gut feelings...good way to send yourself to the poor house in markets

karen said...

well, it's a wild world awash in money when one company after another comes out taking on a billion + in debt.. and at such low rates..

ebay was up 6% today.. tho the debt offering may have crimped the stock price a bit.. interesting daily candle there. if there ever was a SELL candle.. that is it.

McFearless said...

all I see are threes to wrap it up team.....trifectas everywhere!

Friday should be fun

McFearless said...

Karen,

eh hem....awash in credit....you meant.

karen said...

not to mention the MYRIAD countries issuing bonds.. all being met with fair demand..

karen said...

amzn and axp coming up.. oh, and ben's fav, bidu.

72bat said...

k -
always send to snopes those any idjit who forwards viral bs urban myth emails to me

McFearless said...

oh yes, can't wait to read through the bidu earnings, I'm sure they will be magical.

McFearless said...

one of the first things that the lawyer mentions in the HC/snopes paper is that there is in fact rationing of care for seniors....we'd be stupid to think this is coming out big time before voting day.

karen said...

amzn PE puts nflx to shame..

karen said...

BAT!! this explains why some people were called up and offered great re-fi terms i bet!!

"Mulligan Mortgages seem to be how the TBTF banks are keeping their own game alive: They seem to be chasing mortgage holders—whether in default or not—and offering them an expedited refinance of their mortgage loan."

http://www.zerohedge.com/article/gonzalo-lira-mulligan-mortgages—-banks-only-way-out

karen said...

"So the banks have to do the Mulligans quickly, before people get wise. Homeowners can’t be allowed to realize what the banks are up, or why. If homeowners understand fully why the banks are suddenly so nice to them, they’ll realize that they’ve got the banks by the short-hairs—and then they’ll realize that they can have their way with them, up to and including doing the Show Me The Note, Mo-Fo!! dance. If that happens, the banks are screwed. "

This just happened with my friends with the Macadamia Nut farm in HI..

They got called out of the blue.. after they had given up trying.. asked why they hadn't asked for a re-fi or loan mod.. she replied 'we have, at least 6 times.. "

McFearless said...

I should probably call WFC, have a chat about my mtg.

karen said...

http://www.bespokeinvest.com/thinkbig/2010/10/21/most-overbought-etfs.html

Jennifer said...

Karen -- interesting article. I think that Foley guy is a neighbor of my parents, they have a home in that same community in Florida. Small world.

McFearless said...

it's interesting to see how well that India etf has done this year, brings me back to the convo's we were having here at the start of the year with some of the people that visit the blog from there.

McFearless said...

I really like Florida, still thinking I'd like to buy something there at some point.

McFearless said...

karen, do you purchse Bespoke premium?

it's $1 per day

Jennifer said...

McF -- re:India -- Daneric (I think) had some interesting musings some time in the last week or two about the rolling nature of various market peaks, and how the emerging market countries lagged us by a couple of years, and how that fit into the whole EW analysis. I think he was commenting on how the STU was saying P3, next wave down imminent, but the Asia folks (I think it was free week) were arguing for another move up, and how that sort of argued against P3 over here.

Jennifer said...

Okay, the baking is about to commence. School fundraiser tomorrow night, must produce multiple cakes.

72bat said...

k-
i'll ask my sis in wisc. whether the mtg that she's thinking of re-fi'ing might be one in need of a mulligan. kinda doubt it since it's thru her cu, but who the hell knows these days?

McFearless said...

not sure if people are aware but one of the provisions in the Dodd-Frank finreg will give the SEC the power to remove mandatory arbitration language from client-broker agreements, which means more litigation and more trial by jury.

So here's what this means off the top:

1. My E&O premiums are certainly going up
2. If there is another meltdown (impossible as it may seem) this will likely put a few B-D's right out of business in the aftermath.

karen said...

RE: Bespoke, I don't.. maybe i should.. i do like them.. also, don't even talk to me about india.. : (

McFearless said...

Jennifer, that is what is interesting, EWI at least is not calling for a P3 for China and India, just different counts for those markets, I recall being told by people that there was no way India could have a bull market like EWI was calling for with all the corruption, etc

it seemed to me at the time that social mood was exactly where it needed to be to set the stage for a large bounce.

karen said...

this is interesting.. I, like CNBC-Sucks, am a registered Republican.. and am in great fear of the government.. but i was likewise when Bush reigned..

http://reason.com/blog/2010/10/21/fear-of-government-a-chart

I-Man said...

I'm a registered revolutionary, just waiting for my George Washington.

karen said...

Nic tweeted this link.. basically, the fed will backstop BAC so Paulson, Tepper, and Berkowitz have nothing to worry about.

http://blogs.forbes.com/teribuhl/2010/10/19/bank-of-america-woes-havent-put-paulson-trade-in-the-red/

mcHAPPY said...

As crazy as this may seem, Karl Denninger is one of the most level headed people of late. Yes he writes with a lot of bold, italics, underlined words but his message has been quite clear, concise (although a few rants are to be expected), and appropriate given everything going on. I always thought of him as the stereotypical right wing Republican but that appears not to be the case either. His posts of late on God, Gays, and Guns were especially refreshing because, regardless of what you think of those issues, most politicians never exactly make clear where they stand or use them as deflectors from real issues, such as banks committing fraud and paying off eleected officials.

Anyways, check out KD's over the last week or so if you have not already done so. Good information in there.

I wonder if Denninger is setting himself up for politics down the road? Imagine a team of Ron Paul and Karl Denninger, that would be something.

McFearless said...

especially for CV:

http://news.yahoo.com/video/us-15749625/raw-video-in-the-garden-with-the-first-lady-22556224

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