Yesterday was an interesting day... It'll hopefully keep your attention easier if I just "bullet point" events rather than provide narrative (at least in the beginning)...
- We had a serious break in PM Markets, (ostensibly on news of upping silver margin requirements)...
- Obama
- And this... my favorite... Missles being launched from under the Pacific Ocean, 35 miles off the coast of Los Angeles, under the noses of the US Naval Fleet... & neither NORAD, the DoD, nor anybody can offer any explanation as to whose they were, or where they came from...
That last one had me laughing into the night... So much so, that I'd considered making todays thread simply about the top 20 "explanations"... The BEST of the BUNCH goes to Marla Singer (from Zero Hedge), who, with no comment... Summed everything up perfectly... (hat tip: Marla Singer/Zero Hedge)
It's probably all we can do to laugh and poke fun at such things (and yours truly does that ALL THE TIME)... But by the same token... I read a comment like this and realize that I'd BETTER DAMN WELL take some things seriously and take whatever steps I may as an individual...
COMMENT FROM THREAD
"A missile pops out of the water in US Territory near one of the most densely populated areas on the country in an earthquake region and we get half ass answers that it was no big deal and not a threat?
They need to take this shit seriously and convey to everyone that they take this shit seriously. Fucking Balloon Boy was given a more serious response than this..."
But what does anyone expect? Preparedness? The BOY SCOUTS motto is "be prepared"... Our effing POTUS is someone who probably understands the concept of "preparation" about as well as Antoine Dodson... &, at this summers Boy Scout National Jamboree was "booed" as his image came on the screen to deliver an address... He didn't happen to have the time (as other Presidents have done), to put that appointment on his busy calendar...
So instead, we're left with our own conjecture as to what it might have been (and here's the best we can do with all our blazing technological superiority that we need to spend trillions more on)...
I like the fact that on this blog everyone talks tape, and tries to understand TECHNICAL ANALYSIS in looking at market movements... When this blog started it was called "traders-anonymous" (and still has that URL), but I've long since changed to SURVIVOR CAPITAL... The reason being, is that I believe that if you're a "trader" (in the markets), you're seeing the itty bitty dew drop, on the fern leaf, at the bottom of the forest floor, under the huge overhead canopy, of the Amazon Rainforest...
So while it's great that everyone here is a trader, and understands all the gears of the Swiss Watch so well, it WOULD BE SAD, in application... If "real life" occurrences were to disrupt anyones ability to do good work... Unfortunately, you may have to perform that brain surgery in a hurricane on a ship at sea...
The truth is... We have an inept government, and a corrupt banking system... Reflected by this hilarious comment (on the missile thread)...
by centerline
on Tue, 11/09/2010 - 16:32
#713563
"Ben returning to his home planet now that ours is set for self-destruct?"
Again... Good for a laugh... But the question remains...
Why is the whole world just a sound byte? Moreover - Why are people like myself "ridiculed" for the QUAINT preparations that I suggest (on a different level of "prepare")... FOR FREE...
Is everyone REALLY that confident? Nothing bad could ever REALLY happen? And if it does... Why do you think that it will only unravel in an orderly way? That you have time? That there will be NO CHAOS in the process of 350,000,000 Americans, who are woefully unprepared for any disruption of service whatsover, to find themselves "needing" supplies (if only to manage a disruption that might only last a few days, or weeks)...
Like... um... Katrina... (oh - well - that was only something like .0000000001% of GDP... so nothing bad actually happened there... did it?)... There were no murders, no looting, no shortage of supplies, the police didn't abandon the area, law & order was in place, people weren't shooting at rescue helicopters, the GOVERNMENT response was adequate... Move along... Nothing to see... .00000000001% of GDP was all it was... Not worth noting...
Hey... Don't listen to CV... Move on to all the other "smart" people out there... Listen to their POV's instead... Actually - I'm quite serious when I say that... Because it appears to me that even Ritzy is "getting with the program" a little... (Hat tip BR... & a good start... but now let's work on some of those Boy Scouting skills... At minimum, it'll help you to be able to clean barnacles off your yacht)...
Kiss Your Assets Goodbye If Certainty Reigns: Barry Ritholtz
It's certain that our POTUS has no clue... Ask yourself about the concept that our "Commander in Chief" is a NOBEL PEACE PRIZE winner... I'll get hate mail for typing that because, as with 90% of what I write, people will INTERPRET the statement incorrectly and peg me as a war monger (which is 180% from the truth)... As with most things that CV says... It would take more than the gifted "2 seconds" of consideration for anyone to understand any metaphors that I try and seed your minds with...
And as for "metaphors"?... Well - this one might be apt to conclude this thread with...
November 10, 1975
"That good shippin' true was a bone to be chewed
when the gales of November came early..."
"Does anyone know where the love of God goes
When the waves turn the minutes to hours..."
They might have split up
Or they might have capsized
They may have broke deep & took water
But all that remains
Are the faces & the names
240 comments:
«Oldest ‹Older 201 – 240 of 240 Newer› Newest»@karen
The only Frederick I know is...
Frederick J Blublublublublublu"
from this episode of the Flintstones...
http://www.tv.com/the-flintstones/cinderella-stone/episode/60058/summary.html
MS says equities are crazy cheap
http://www.cnbc.com/id/40113027
xlf still hasn't given up its 2pm pomo gains.
@karen (3:40)
It hasn't "gotten back" its April 2010 gains either...
@McF
Oh I almost forgot... I picked this story up off a thread yesterday... Right up your alley on the $100 FRN's
---
off topic but here is the other thing I did today. Called the treasury, bureau of engraving on their sales line and pretended I wanted to buy some frns. What struck me about this call, I spoke to 3 people, was that I purposely asked "I'm interested in buying some federal reseve notes with the treasury secretary's signature on them.
Now, if I say federal reseve notes to 99% of people in my life, including some academics, they will blink repeatedly and look at me quizzically.
FRN? what's that? usually you have to explain " I mean, dollars, money, bills etc", but here at the treasury, the folks I spoke to knew fully what I was talking about and did not even skip a beat, they know what theyre selling that's for sure. It's not "money" in the colloquial sense of the word, to them it is exactly what it says it is, papers we call notes and use as money. I thought this was interesting.
Anyway, to make a long post short, I asked on which bills can i find the signature of timmay and was told only on the one doelar bills. I said well Im interested in higher denominations, she said he is not on any other bills. I asked for 100 doelar bills and she said the fed has instructed them not to sell any 100 bills but that they would resume at some future date.
She said she had not seen, which I presumed meant she had not sold, 100 notes in some 2 years!...
I'm about to pass out!! TSLA!! what in the heck?!
I missed that -- what's up with the $100 bills? I might know a certain someone with a bunch of those....
K, life is too short to trade stocks...
:)
TSLA is the new (whatever Jenn posted yesterday) I've lost track of the latest short squeeze.. and this on on a lesser 3Q loss!!
@McF
Oh... and here... You don't have to bother with EWI or anything... Harry Wanger has summed up what the markets are going to do from here...
by HarryWanger
on Wed, 11/10/2010 - 14:08
#717187
Fed supporting markets and dollar falling further equals a 1300 SPX EOY more than likely.
Priceline --- from $173 to $428 in 4 months. Fundamentals my @$$.
I really am gonna pass out.. seriously.. Jennifer..
I-Man, you are right.. I'm resigning this market.. just like the guys that quit at dot.com, and all those persons that have quit in the last few months..
ben, how is this for some social commentary
http://www.forexlive.com/145254/all/forex-goes-mainstream
zerohedge
California Discloses A $25.4 Billion Budget Hole, Asks If It Should Pass The "Huge Challenge" To "Future Californians" http://bit.ly/avQp1t
maybe the FED can buy CA's debt.. sooner rather than later.
Evil speculator has an interesting DXY chart that just went up...shows a downward sloping upper trendline that we keep bouncing off instead of breaking up and through...its around 78 now. Sorry, can't post it myself since my cheap stockcharts subscription doesn't do intraday DXY. Supposition is that if bucky can't break through this thing soon then its going down some more.
"She said she had not seen, which I presumed meant she had not sold, 100 notes in some 2 years!"
eh, probably not important right? I mean....what could go wrong?
but I'm holding on to my stack, thank you very much.
people are so wrapped up in this idea that the Fed is flooding the world with dollars that they are blinded, reality is that there is very little in the way of actual notes out there.
@Jennifer
They wouldn't want the riff-raff and the unwashed masses holding convenient large claims against the Federal Debt now would they...
Helicopter Ben isn't dropping HUNDOS from the chopper... he's dropping 1's... and letting the people go chase them around like that scene from Bull Durham...
Not sure if it was really him but someone posting under the name Robert Prechter had some choice words for Evil Speculator on Yelnicks site a few days ago.
JNK still selling off.. hmm..
Berry Plastics Sells $800M Notes Due 2021 At Par; Yield 9.75%
@ben22
Yeah... I should say... He's dropping 1's and electronically transferring the rest...
One big EMP later... WHOOPS!
Sorry folks... It was Waddell & Reed again! :-)
Karen, I just meant you might like trading futures a little more than watching the NY bank cartel monkey stocks around all day.
A lot harder to play reindeer games with deeper markets...
And it forces you to focus on one (or if you're a badass like Nic, a few markets)... which can be really relaxing actually.
Divorces you from the outcome, so to speak.
Dont get me wrong, I still curse trading like 5 times a week... so maybe its just the business we're in...
Just making sure I wasn't missing out on some huge plan that would require trading them in or something...that would be bad.
I don't want anyone to think I've got a meth lab in the basement or anything.
@I-Man
Your Mama's in my Business...
http://www.youtube.com/watch?v=dDmVFvGvOeE
who needs meth when you've got POMO.
it's the only way to fly
OK peeps... gotta go...
"I guess I'll c u later unless I c u first"
I-Man.. you might be right..i will think on it.. have to make account changes for 2011 anyway.. maybe a start-over ; )
I gotta go...
http://www.youtube.com/watch?v=-8UeSvamZxM
Ben - I had to stop reading the comments over at Yelnick. (along w/ lots of other blogs.) Yes, I miss a few gems. But, I miss a lot of junk too and that's okay. Life just got too busy so I'll rely on you guys to sift out the good stuff ahead of time. There's always someone who is unhappy about something, but in general, I think the charts/analysis that evil speculator offers are really quite good. Plus, very different than most of the other stuff I find out there. He's got a little arrangement with the folks at Retracement Levels too which shows up in some of the DXY analysis sometimes which is nice. Mostly though I like the live feed which is fantastic (barring LA area blackouts.) If I get a chance, I'll check out the complaint at Yelnick.
i know better than to watch this!
http://www.businessinsider.com/this-video-of-russian-kids-playing-on-steel-beams-900-feet-in-the-air-will-make-your-palms-sweat-2010-11
CV, you are THE early 90s hiphop afficionado...
GS to pull $120m from Falcone hedge fund
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aohItQCRq_.k
HousingWire
Goldman faces lawsuit on $1.2 billion Hudson CDO deals–filing http://goo.gl/fb/uq3BL
Jennifer,
I've never really gone to that EvilSpec blog so I've got no opinion one way or the other about it, I highly doubt it was Prechter anyway, the comment was all sloppy, just didn't seem like him, but I suppose you can be anyone on the internet if you want. Generally I never read the comments at Yelnick, you can only read so many of them in a day and my list is already deep, but in this thread in particular I wanted to read as it was a very large wave summary with all the top counts.
here was the comment:
Molecool, you are the Jim Jones of all bloggers. With your militant attitude you think you are so smart. Always barking to your scared followers if things doesn´t go your way. When was your last good call? Again and again you missed the whole rise from the 2009 bottom. Please find your self a other hobby or go to find a job as supermarket manager, then you can drill your crew recrutes.
I've read maybe 10 books now of RP's several times each, monthly EWT letters for years, this did not sound like him, but it was under his name.
oh, and as for changing in 100's.....change them in for gold and silver of course, lol.
either that or a big supply of meat munchkins, if there is a food shortage might be good to carb up.
oh, yeah, 2007 all over again:
http://dealbook.nytimes.com/2010/11/10/where-the-bubbles-are/?src=twt&twt=nytimesdealbook
crude is the new cotton
http://www.fundmymutualfund.com/2010/11/bookkeeping-starting-proshares-ultra.html
I just love the name "meat munchkin." Off for the daily rounds of afternoon activities. If its Wednesday it must be art and martial arts.
hmmm, brushing up on your ninja eh?
I gotta bolt for the night folks, presentation time.
Go get em, McF...
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