Morning Audibles

December 1st... Momo Monday I guess... But the S&P did close November below TNTSNBN, so, as Carl Spackler (and perhaps ahab) would be fond of saying "We have that going for us"...

I want to say, I'm thankful for all the thoughts (and debate, sort of) on what was "supposedly" the INFLATION/DEFLATION issue last evening (which is a topic that is unavoidable from time to time)...

What I liked best (and why I'm devoting a thread topic to it), is that it occurs to me that when well informed people end up in this discussion, it evolves into a multi-facted reasoning campaign by all parties... It is IMPORTANT that I said "evolves" there (not "de-volves")... Rather than speak hypothetically here, I'm going to go back to yesterdays thread (AMEN-RA's CORNER), and bullet point some of the things I liked)...

- wunsacon (12:19)... I'm not going to paste your whole comment here... But I think you framed what I'm trying to say here... That the words "inflation" and "deflation" mean different things to different people... So at the end of the day, people can spill a lot of words identidying their POV as to how they see these things affecting their lives, and the world as they see it... Then, someone else can talk about something rather different... In the end, the "story" that each one has can play out in just the way they see it... It's like scripting out, or handicapping a football game... In the end, you "see it" playing out a certain way... It may actually end up being played that way, but the outcome you predicted (which team covered the spread, and which didn't) may end up different, even though the script ran true)...

Anyway... If anyone missed the thread comments (and has time), I'd recommend going back and reading the various points... I'm going to clarify some of my views here... That were not expressed directly

- Many of you have perhaps been reading lately, that CV has been becoming MORE BULLISH on PM's lately (especially silver)... I want to point out that it's VERY DIFFICULT for me to have this posture (because I also like to use "technical analysis" - and most signs are pointing to these PRICES (in gold & silver) as being rich at the moment... Bottom line?... Yes, I think there will be a doozy of a correction (especially silver), but I'm wondering, now, from WHERE that correction might start... I can't help but sensing that, going forward, say, a decade, the chart isn't simply "setting itself up" for an even larger move in the future... I feel it's catching up on lost time (pointing the way - so to speak)... To make a comparison, I got some gold in 2004/5... When markets got crazy in 2008, and gold dipped back in the $600's, I'd considered getting more then... Then came $800's... Then $1,000... Well, I'm still waiting for that "correction" that never seems to want to come... So it has me wondering about silver (which, to me, still has some "catch-up" to play in its traditional PRICE relationship with gold  - something that goes back thousands of years)...

- My interest in PM's has NOTHING TO DO with either inflation or deflation... It simply has to do with... I think these prices are going to go up... In the process, they'll "correct" as well... Without getting into any arguments about it, I think if someone "non-chalantly" bought gold (or silver) in 1999 during the dot com rage (and buried it in the ground and forgot about it), they'd be a lot happier TODAY than someone who tried to trade stocks, or flip houses)... Even better, they voided all those transaction taxes...

- My interest in PM's DOES have to do with the fact that they are easy to BARTER with across time (because generally, the market will make a universal attempt to fix a price on these, and more importantly, they are generally people who might want to OBTAIN them from you at any given time)... THAT'S WHY THEY HAVE VALUE (BECAUSE THERE ALWAYS SEEM TO BE PEOPLE WHO WANT THEM - whether they're Sumerians, Egyptians, King Solomon, Templars, FDR, or Joe Schmoe)... OTOH - & as it turns out, people DON'T ALWAYS seem to want to have equity shares in "pets.com", junk bonds, or even HOUSES for crying out loud...

- You want to OWN what people want to OWN... It seems crazy, I know, that people WANT TO OWN NFLX & AAPL shares at the moment... I'm fairly sure that the "staying power" of the "wanting to own" those two issues won't be as long as either gold or silver (which has gone on as long as civilized man has existed)...

- What's interesting, now... Is that the banks (who have their hands involved in controlling $$ and the flow of money - basically DON'T WANT YOU TO OWN either gold or silver)... Their "bets" lean the other way... They'd prefer that the prices of these things fall... That is an interesting dynamic (because the banks were willing participants in just about all OTHER types of asset bubbles (like stocks & housing), where they could participate in the illusion of wealth by "loaning you the money" for a house, or allowing you to buy stocks on margin (where they were bigger whales at the point of market tops and could profit by going the other way as soon as the last guy was in)... The biggest nightmare of the banks are people off the street NOT BORROWING to obtain physical gold & silver... Instead, simply obtaining it from vendors...

- If one can extrapolate the logic that the Fed is doing its QE2 maneuvering in an effort to bolster asset prices... (Note: that's not a difficult extrapolation because Bernanke & Greenspan have basically "said it")... Then, for me, there's NO CONFIDENCE that ANY asset class has any value at all... I don't care if POMO operations, and the like, have any artificial effect whatsoever on markets... What's MORE interesting to me is the idea that, if TPTB "think" this is what's needed... Then basically they're TERRIFIED of a collapse... That "terror" they feel gets tossed about on blogs (such as this one), but I can all but guarantee you that hardly ANYONE has gone to any lengths to prepare themselves for what would happen if the bottom were to drop out...

- So I've come to the conclusion that NO MATTER WHAT (and no matter how people bitch about their "freedoms")... Basically, to a man, most are on board with what levers the Fed and central bankers are pulling... I don't blame people for thinking that way... Many, have kids, & families and such that would really take an unprepared hit if this LIFESUPPORT were to be removed... It may effect people in ways that they'd never even considered... Their mothers & fathers (or elderly relatives), who count on pensions & social security, may suddenly become destitute... So add a few more people to your list of individuals to be concerned about... Most TRADERS here see this as, perhaps, an opportunity... But let me tell you, removing this life support from the Fed would put a serious crimp into those operations...

- Now take that argument to the next level... If people are carping (yet are "silently" on board with what the Fed is doing - and let me tell you, the likelihood is that anyone NOT NAMED "Grizzly Adams" is probably on board with some sort of airbag system in the car)... Then there is some "hypocrisy" going on... I'll let that be... But my first set of plans, then, needs to be "how do I protect myself in the "die by a thousand paper cuts" scenario?...

- That, I believe, becomes a PRICE issue... Why? Because for more than 30 years, "growth" seemed to magically be obtained by financial engineering... If the "market" is not going to permit winners & losers in that form of capitalism, then the "market" is going to have to go back to the old fashioned way of GROWTH through the fruits of production... In a planet of 6 billion (and growing), that requires a lut of STUFF... Speculators will always want to "own" that stuff (and there are hardly any ways left for the small guy to stay ahead of price increases in a competitive labor environment)...

One that does not see that dynamic playing out will fall incrementally behind... As I mentioned in the other thread... There are FEWER seats in the first class section of the train... So what have been the "standards" of the so-called MIDDLE CLASS, going forward, are likely to be lowered... Plenty more room in the caboose (or lower sections of the ship)... That DOESN'T mean it needs to be a dreary existence though :-)



See? There was plenty of food around to be had during the Great Depression!




248 comments:

«Oldest   ‹Older   1 – 200 of 248   Newer›   Newest»
McFearless said...

I'm going to throw something out there regarding POMO, maybe it will stimulate some discussion, maybe not.

I'm willing to bet that if POMO were w/drawn entirely right now markets would not immediately collapse, assuming Neely's count is still money, as it appears to be, I would guess it continues to follow that, regardless of POMO after maybe a day or two initial reaction.

As was stated before, the economic data is getting better, now everybody "knows it".....read John Mauldin lately?

Wonder what I'm talking about....ADP just came out, check it, a pundit just claimed he "felt a ray of light" looking at the data!

call me ahab said...

The Federal Reserve, under orders from Congress, plans today to identify recipients of $3.3 trillion in emergency aid the central bank provided as it fought the worst financial crisis since the Great Depression.

The Fed intends to post the data on its website at midday in Washington to comply with a provision in July’s Dodd-Frank law overhauling financial regulation.


should be interesting

also- fwiw- the debate was very good reading-
looking at the topic from different angles w/ many solid points of view-

quite the page turner

McFearless said...

CV,

I'm curious, when you look at that picture of the soup line that says right on the banner on the top asking if Barry can spare a dime, do you see that as a lack of food or a long line of people that can't afford to buy food?

call me ahab said...

b22-

I'll take your idea and add- that if the Fed ends POMO early-

it could be seen as a positive sign- a sign of strength

McFearless said...

Wunsacon,

previous thread, that was an interesting comment, I'm curious why you put grocery store items under the price deflation category and you put real estate in the credit deflation category along with "countries defaulting on debts"

I wondered why you did that

CV said...

@McF (8:17)

I'd agree with that assessment...

The "feel" I get at the moment is like the market is trying to STAGGER TO THE FINISH LINE of what first got started when QE2 was mentioned... (Many parallels to late '07 - as I've stated countless times)...

- QE2 mention in August = Cramer rant (August '07)
- Market rallies in anticipation (both times)
- Banks, strangely, don't really come along for ride
- Market peaks in late '07 = held on thru election day '10
- Meredith Whitney '07 = Irish bailout '10

So yada yada... The market has made it this far... & even in '07 it found a way to pretty much sustain the rally into year end (the December '07 FOMC meeting caised a brief hit - but it was like, "no way - we're gonna stay UP here so we can get out bonuses"...

Then, in '08... They sold the market on the first convenient bit of bad news... (Soc Gen)...

Next thing you know, Bernanke is cutting rates 75 basis points, and 2 months later Bear Stears hits...

Of course, "It's all contained" (just like Portugal, Spain, & Italy will be, I'm sure)...

Interestingly... Crude & PM's rallied thru July '08... Why? No reason... probably just because the charts weren't broken...

So as for DECEMBER (and GN's count)... He's probably still on track in a wave 5...

Merry Christmas, Happy Hanukkah, Happy Kwanzaa!

Enjoy your football... shop til you drop... and all that good stuff - lol

CV said...

@mcF (8:23)

"do you see that as a lack of food or a long line of people that can't afford to buy food?"

---

I see it as a line of people who are likely unemployed, and therefore probably can't afford to buy food for themselves...

Further... I see that they're all in a heavily populated city... I picture less in the way of food lines if all those people happened to NOT be living clustered into a city, but instead, out in the country working as farmhands (where, dustbowl, or no dustbowl) there might have been many ways to work and eat more abundantly...

Let's put it this way... I'm sure the Pilgrims who came over on the Mayflower had it worse (yet did better in the end)...

CV said...

@McF

Let me make another point about the "food lines"... This ties into ALL THE THINGS I talk about all the time on this blog...

I'll assume that many of the people who were standing that line probably had jobs, and earned money to buy food before the depression hit...

Yet most likely, most of them probably spent their wages on a day to day basis, and never squirreled away any food for a rainy day...

Now - Let's toss aside "logistics" such as food preservation methods, availability of refrigerators, or ice boxes, the fact that plactics had not yet been invented... Because humans have preserved and stored food for thousands of years... So that's not really an excuse...

It simple means THEY WERE NOT READY... And that's why they found themselves standing in a line with others, as opposed to managing through their stocks for as long as the bad times persisted...

No accusations here... Just observations...

call me ahab said...

Hoffer asks-

"also, McB, "Dustbowl", notwithstanding, FDR was 'liquidating' (burning/trashing) all manner of Foodstuffs during the Great Depression, ostensibly, "to maintain Price".'

b22 responds-

"How does it make sense to create a situation where there is less of something in demand if the goal is to make prices stay low?"

the destruction of food supples was an attempt to prevent prices from falling further not an attempt to maintain low prices (which as you point out would have the opposite effect)

McFearless said...

CV,

on food, did you see this:

http://www.therightperspective.org/2010/11/30/lame-duck-congress-rigged-dem-senator/

you know, it dawned on me this morning before I went to bed...Obama has reminded many republicans since he won that the "campaign is over", it would seem that his administration believes that when they were elected it was to dictate, that there no longer needed to be any public discussion on policy, the people already told him exactly what they wanted when they elected him, which in their minds is whatever they want, in the name of the people, of course.....

mcHAPPY said...

Here is the Wednesday rocket ship right on cue.

The question now is how long does it last and is this iii of 5 of C of (B)?

mcHAPPY said...

Interesting the number that shall not be named was not crossed at the end of the month.

I have a feeling by the end of this month the number that shall not be named will be well ABOVE where the market actually is at that time.

AmenRa said...

mcHAPPY

That's what happened in Nov. Shot above it in the first few days and worked its way back to it by the end of the month.

CV said...

@McF

I very much believe Obama sees (or "saw" himself as some kind of autocrat)...

Look... That's not a bad thing to say... I'm guilty of the same behavior from time to time...

It was especially obvious in my early years of teaching group fitness... At the same time, I was the DJ at a hot local dance club...

You see yourself as... "Everyone likes me... They're flocking to see me... They're coming in droves"...

You automatically think you have all the answers... I know I've moved beyond that thought process through time and tribulation (because you NEVER realize anything until things start getting taken from you, and the crowds start flocking towards someone else)...

That's real hard to deal with (when it's happening)... But if it doesn't consume you, you eventually get through...

After that process, you actually have a lot of experience and wisdom to share (and if you're the conscientious type, YOU WANT to share it FOR FREE)...

The hardest thing to get people to realize at that moment is that you're NOT BEING EGOTISTICAL, you're beyond that... Yet it's natural for people who haven't taken the time to know you, to brand you as EGOTISTICAL nonetheless...

I go thru that with the blog every day... I'm not worried about it so much any more, because the ones who don't "get it" will simply move on...

As for Obama... He's still in the "all of it getting taken away" phase... It'll take many more years of reflection to finally pass thru that... Longer if he continues to fight it...

call me ahab said...

on the technology front-

The Pentagon has rolled out prototypes of its first-ever programmable "smart" grenade launcher, a shoulder-fired weapon that uses microchipped ammunition to target and kill the enemy, even when the enemy is hidden behind walls or other cover . . .

as CV would say- at least we have that (the weapons industry) going for us

karen said...

Good morning! You guys have written a tomb! So, the rational for a weaker dollar this morning is... i'm holding my breath.. : )

call me ahab said...

more . . .

If, for example, an enemy combatant pops up from behind a wall to fire at US troops and then ducks behind it, an XM25 gunner can aim the laser range finder at the top of the wall, then program the shell to detonate one meter beyond it, showering lethal fragmentation where the insurgent is seeking cover.

I wonder if they are working on the droids- a la Ironman 2-

soldiers would then be nothing more than "gamers" - adept at using a toggle switch

call me ahab said...

re my 9:20-

my 17 year old son would be a "shoe-in"

karen said...

http://t.co/Jh7GSRW - FDIC Takes Gloves Off for Failed Bank Losses

call me ahab said...

karen-

tome?

CV said...

@ahab

I might suggest that they "test" the capabilities of that thing on Capitol Hill...

call me ahab said...

wow- someone beat me to San Diego D and Westbrook-

I did pick up on Cutler as my fist pick on the Waiver wire (playing Detroit)

my game last week against CV was pretty tight there for a while-

if I would have kept in Carpenter- I would have won (shoulda, coulda, woulda)

call me ahab said...

. . or if Vernon Davis picked up a touchdown

karen said...

ahab.. i like my spelling better.. as in a crypt, an archive..

karen said...

i want to know why the dollar is down on the great ADP number.. please, someone tell me.

karen said...

on fast money last night; i am watching it now..

http://www.ritholtz.com/blog/2010/11/wikileaks-cant-embarrass-wall-street/

call me ahab said...

my teams so far (all 10 team leagues)

6-6, 5-7, 2-10

I can get in the playoffs on the 6-6 team on points if I can get 2 more wins (assuming at least one loss for the teams ahead of me)

next year I think I'll do an NFL and a Yahoo that way I can keep both screens up at the same time (as opposed to switching back and forth logging in and out of Yahoo)

CV said...

@ahab

When Vincent Jackson went out of the game in the first quarter for me with the calf injury, I said...

"Ruh Roh"

Ironically, I was ahead in games in 2 leagues by a slim margin, where the only player left on the board was Vernon Davis...

Lucky me...

CV said...

@karen

"i want to know why the dollar is down on the great ADP number.. please, someone tell me."

---

Let me guess...

- POMO
- gnomes
- HFT
- "the econonmy"

does that help? :-)

CV said...

@ahab (9:92)

You just need to use the STATTRACKER function on yahoo...

It has everything (all your leagues) neatly assembled...

call me ahab said...

CV-

I know- that was my chance to pull out the win-

looks like Franchize picked up Westbrook and AT picked up SD-

good pick ups

CV said...

Andy will not be happy to know that CV will be going with the "Dog Killers" (and against the Texans) for 3 units tonight...

call me ahab said...

CV @ 9:47-

hmmm . . .I did not know that . . .and I use stattracker but it only shows the team that I am logged in with (or so I thought!)

call me ahab said...

CV-

Schaub was my real let down (Arian Foster- who knew?)- and the injuries to Mathews-

folks who picked up Andre Johnson probably weren't to pleased w/ the emergence of Foster either

karen said...

Gross's latest a la ZH:

http://www.zerohedge.com/article/bill-gross-continues-blasting-bernanks-ponzi-policies-self-flagellates-newport-beach-multimi

CV said...

@ahab

If you fool around with stattracker, you'll notice that you can jump back and forth amongst ALL your leagues (and many other features)... It's pretty robust...

Also... If you need a back this week (vs. Booey)... I'd try picking up Toby Gerhart right now...

He came in and subbed for Adrian Perteson last week (who sprained his ankle), scored a TD, and got numerous touches... Even caught passes...

The Vikes play the Bills this week (in the Metrodome), and the Bills have one of the worst rushing defenses in the NFL...

Peterson will probably end up being a game time decision, but I'm guessing Gerhart will get you some points here until AP is fully healthy...

McFearless said...

I tried for Westbrook, but CV's rigged waiver positions prevented me from getting him.

Hey AT,

there's your 20 or 30 s&P points

lol, did you catch it? nice going if so.

CV said...

@ahab

Arian Foster... Ahem! CV KNEW!

The only trouble was, the SC league was my final draft... AF had been going much later in other drafts... I was all ready to take him on draft day, when Booey snatched him up a few picks ahead of me...

That was my "DAMMIT!" moment of the draft... I knew it at the time...

CV said...

@McF

waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaahhhhhhhhhh! :-)

karen said...

our canary's heart is slowing.. HYG under 89 again.

gotta love that TBT.. wishing i'd bot some yesterday..

call me ahab said...

I tried for Westbrook, but CV's rigged waiver positions prevented me from getting him.

it's all rigged!

lol

CV said...

Booey is a crafty FF'er...

I know him because I'm in HIS league (which got me started in FF a few years ago)...

He's always in my head... Always makes the same moves a split second before CV...

He's tied for first in HIS league right now...

Fantasy Baseball is a trip... Every year it seems I'm always neck and neck with Booey... And it literally hinges on the last picth of the last out of the season every time...

I kid you not!

McFearless said...

it's rigged I tell you, I KNOW it is!

CV is a gnome....but an italian gnome, cousin of the one's from Zurich!!!

I'm with McHappy today....very confident in the GN count, just wondering where in 5 we are, it would appear that today helps confirm the end of wave 4.....it did overlap some with 1 which is required in the terminal C, wonder though as I'm still sort of new to neo-wave if it was enough overlap.

McFearless said...

yeah....Booey has made a lot of good moves this year, solid team.

wunsacon said...

McFearless,

>> I'm curious why you put grocery store items under the price deflation category

Did I? I don't think so. (Perhaps my parenthetical remark caused some confusion.) I do see price inflation in grocery store items.

call me ahab said...

Gerhart- good idea-

had in Keiland Williams w/ Washington as my "sleeper" pick up for last week-

didn't put up many points

CV said...

@ahab

Quit jerking around posting comments here and go pick up Gerhart...

I'd do it myself, but I'm falling subject to my own "rigged" rules (and am once again coming to the transaction limit of 50 moves)...

My own rules SUCK! :-)

McFearless said...

Wunsacon,

oops, my bad, deflation boy over here puts the DE on everything

what I was really asking, inflation/deflation aside;

how come homes got lumped in the "credit" category and grocery store items in the "price" category....I'm wondering if that was on purpose or you just naturally typed it that way based on the perception of what RRE has become?

wunsacon said...

Brian Westbrook is superman. If he had been on a better team for a stretch...wow.

McFearless said...

CV,

I noticed that as well, you are very close to 50, and these next couple of weeks are huge, league is super close.

I'd be lying if I said I wouldn't be laughing if you had some nasty injuries to your squad, you know, like a busted hip or something like that.

CV said...

@mcF (10:07)

"I'm with McHappy today....very confident in the GN count, just wondering where in 5 we are"

---

My guess is that with, as LB says, "the most important NFP number of all time" coming up...

- and because today is the first, and Thursday is the 2nd...

The rally may not lose steam until the end of the week...

I don't know about higher price levels being reached or not (in HW's famous "indices")... But I doubt the market will tank unless some news event comes along to rattle things for a day...

JM2cents

McFearless said...

nah, nothing in his count would point to the market tanking in the next 30 days, if his count is right I'd say it's about a 0 probability of that happening.

we might all be on the same page for the month of December

karen said...

sorry, i forgot jnk and hyg are ex-div today..

CV said...

@wunsacon

"I do see price inflation in grocery store items."...

I've been saying that all along...

The thing is... you don't really see it unless you look under the hood... Here are some examples...

- Sometimes, "portion" amounts are diminished instead of price increases (you see this especially with coffee & breakfast cereals)

- Produce is wildly inflated (at times)... Especially things like tomatoes... Other items, you don't see it as much... They're especially inflated when they're out of season

- Meats, Poultry, and the like are only inflated incrementally... They're NOT inflated at all if you shop at the right time and can access specials... CV does this all the time... Many people can't actually do this because they'd need to freeze these things... Most don't have 2-3 extra full freezers at their homes...

- Soda & things are rarely inflated (but these are LOSS LEADERS)... They suck you in to buy a 2 liter bottle of coke... Then you pay a buck extra for a bag of potato chips that's half air... I know that all the people here at SC are conscientious eaters who only eat alfalfa sprouts, quinoa, & kiwi... So probably nobody sees it :-)

- You don't hear "complaints" about food inflation in the mainstrean yet because record number of people are going on FOOD STAMPS... It's hard to complain about food prices when you're getting your food for free... That'll come later...

The rest are TWSWB types that think it's a STATUS symbol to pay extra for a jar of Grey Poupon...

They'll drive their Bently's all over town to find the most expensive jar so they can brag about what they paid for it at "tea"... (while they're going through the yacht brocures & Brooks Brothers collection)...

CV said...

@McF

You don't have to worry about Gore breaking his hip...

You can just put in Bradshaw to fumble away your chances... lol

karen said...

EUR/USD Rally Starting To Fizzle
By Jamie Coleman || December 1, 2010 at 15:26 GMT

The steam is coming out of the euro rally quite quickly aqfter a heavy round of short-covering for much of the morning. The price was unable to extablish itself above the 200-day moving average (today at 1.3125) and stalled around the 1.3135 level from which the plunge to 1.2964 unfolded.
Looks like the bounce was just enough to squeeze out some of the late comers to the EUR slide.
Stops will likely build now in very good size above the 1.3150/60 area…Modest support is down at 1.3050/55 near-term.

call me ahab said...

speaking of Buffalo-

that was a heartbreaking loss- SJ dropping the ball in the end zone-

. . . and Indianapolis- losing a bit of its luster- Manning w/ 7 picks in 2 games-

and the Skins- that team has nowhere to go but down (age a huge factor)

CV said...

@ahab

I think the Skins will be fine (going forward)...

Shanahan needs time to assemble the type of team he wants... It starts with a left tackle...

Anyway... 5 wins is about what I'd expected from the Redskins at the beginning of the season... So from here, really, it's all gravy...

And at least they're more or less competing in games... They're rarely getting blown out (except that one game against the Eagles)...

Hell - they beat the Bears, Packers, & Eagles...

Go figure!

call me ahab said...

I already picked up Gerhart (thanks for the tip)- didn't cross my radar screen- but I watched the game so should have-

Ricky Williams may be another decent pick up (playing the Browns)

McFearless said...

CV,

One could likely argue that soda prices are higher than they otherwise would be with government involvment

Consider that through august of this year some 59 billion was spent on SNAP, of which, 6% went to soda.

now consider that some cities, like philly, have implemented a soda tax, however, if you get soda with SNAP, you are exempt from that tax.

McFearless said...

ahab,

re: manning

what can you say about Peyton, he's a great QB, but isn't it funny you don't hear much talk about his last two games and how awful they have been, I think his worst two since his rookie year, at least when it comes to INt's, but I haven't heard much about it anywhere.

not all his fault, that line blows and they have a lot of injuries, but he still tossed the picks

CV said...

@ahab

I see you picked up Gerhart... He's a MUST START IMO (even if Peterson suits up and starts)... After a game like Gerhart had, I think Frazier will let him loose a little to see what he's got for next season (no pressure now on Vikes, and the matchup is good)...

You'd also better dump the Oakland defense... San Diego is apt to lay 30+ points on them with Nnadi Asamogha still hobbled...

Problem is... there's slim pickens... I might take a shot with the Miami Dolphins D... They're playing at home vs. Cleveland... Now that Jake Delhomme is back in the line-up, he's good for 2-3 picks a game (maybe a pick 6)... :-)

McFearless said...

yeah, I need P Rivers to blow up this week, and somehow the raiders still win...

McFearless said...

@Karen,

see BR's comments at the end of the Fast Money video??....again, heeeere's Glenn Neely on 9/22, really loved him saying this:

This month kicks off what will be a slew
or positive news events for 2-4 months.
Why? The counter-trend rally that
began March 2009 is nearing its end.
So, to create an important top, the
market must now convince the majority
it is now safe to get back in.

CV said...

@ahab

Beanie Wells might be another RB pick-up... The RAMS are #2 in the league in sacks... So if there's a lot of pressure, the Cards might be throwing screens...

Wells has been doing a lot more pass catching lately... He has a nice gain against the 49ers when he was lined up as a wideout (split out to the right)...

Just saying...

CV said...

@McF (10:46)

CV is counting on that EXACT SAME type of momentum to occur...

The only difference?

I'm taking a shot playing it in the metals space rather than the S&P...

I'll be very curious to see what crude does here as well... Tho I'll be watching that one from the sidelines...

CV said...

@McF

a few of peyton's "picks" were tipped balls...

Pierre Garcon has turned into the second coming of Braylon "Butterfingers" Edwards (only Garcon, instead, tips the ball in the air to get intercepted)...

call me ahab said...

b22-

have Rivers on my 6-6 team-

CV-

had SD as my 2nd pick on the waiver wire-

plenty of time to pick a defense at this point- isn't like someone is going to beat me to the teams that are left-

and my rationale for dropping Carpenter last week- from a psychological perspective- I had Oakland as my defense-

why drive myself crazy?

karen said...

check the daily GM candle.. somebody wanted out.

CV said...

@ahab

I saw your moves...

I'll be very curious to see who comes in and snatches Randy Moss & Vernon Davis...

I know somebody will... I'm tempted myself, but I have to be judicious here from here on out...

I have to attempt to play 4 more weeks (and I only have 8 roster moves left)...

Matthew said...

"The Federal Reserve, under orders from Congress, plans today to identify recipients of $3.3 trillion in emergency aid"

Those aren't the interesting disclosures. The interesting disclosures would be how much the major counter-parties of AIG's CDS book made from the AIG bailout.

CV said...

@ahab

"why drive myself crazy?"

LOL - between fantasy leagues, predictions, handicapping leagues, and actual bets... There are so many cross currents going on in CV's world, that I never know what's going on (or who I'm rooting for) until the dust settles...

CV said...

@Matthew

Gee... I wonder if we'll ever get any of that money back? [snark]

McFearless said...

I'd take Davis if I hadn't picked up Heap last week, which worked out pretty good

oh, and thanks for Carpenter, Bironas put up an egg last week.

call me ahab said...

I didn't see Moss as a big risk to let go- and Vernon Davis-

hasn't really been a big point generator-

with 2 games to go- just trying some different angles-

I have been doing a lot of experimenting this year- across my teams-

like my Shaun Hill experiment and Blair White (on another FF team)-

searching for sleepers makes it interesting to me

call me ahab said...

b22-

if I had left in Carpenter and with the injury to Jackson on CV's team-

my L last week would be a W-

of course if my grandmother had balls she'd be my grandfather

(as an aside- how were you able to pick up Carpenter right away- don't they go on the waiver wire first- available after that week's games)

McFearless said...

ahab,

re: Carpenter,

like I was saying earlier, I figured out CV rigged the league and then I found some loopholes.

seriously though, I got him early Sunday morning, I think by then everyone is fair game with the way the league is set up and waiver is long over by then. I had originally taken KC's kicker but then flipped to DC later on.

call me ahab said...

b22-

but I dropped Carpenter Thursday (start of the week's games)- wouldn't he go on the waiver wire available Wednesday the next week?

McFearless said...

Neely's update just came

it's so fresh and so clean clean

aint nobody as dope as GN

McFearless said...

ahab,

yeah, I don't know, he's on my squad though either way.

CV said...

Here's karen right now with all this talk about "foosball"... :-)

http://www.youtube.com/watch?v=VNaxJPYqhM4

CV said...

CV's problem is... Now matter how much I try these methods... The S&P isn't going down in any meaningful way...

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

karen said...

personally, i think this is a bull trap..

call me ahab said...

gotta roll-

b22-

what's the saying- possession is 9/10ths of the law- lol

CV-

fwiw- liked the brewery idea- a nice IPA-

also (you may not remember this) the iphone app idea to price everything in gold-

kind of clever

all have a good day

CV said...

"personally, i think this is a bull trap.."

personally, i think this is bull crap.."

there...fixed it :-)

karen said...

Dec. 1 (Bloomberg) -- Former Federal Reserve Chairman Paul Volcker, who is chairman of President Barack Obama’s Economic Recovery Advisory Board, said the U.S. dollar is in danger of losing its role as a global benchmark currency.

http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=acnoL3iodIOw

karen said...

Even as the U.S. remains the world’s pre-eminent nation by default, Volcker said, its example no longer inspires other countries to trust U.S. leadership. He said the U.S. is hobbled by lobbyists and an unwillingness to pass realistic budgets, as well as a civil service that he said has lost its ability to attract America’s best and brightest to public service.

“The time is gone when the U.S. could lay claim as the putative superpower with both unchallenged economic and military might,” Volcker said.

“The growing sense around much of the world is that we have lost both relative economic strength and more important, we have lost a coherent successful governing model to be emulated by the rest of the world,” Volcker said. “Instead, we’re faced with broken financial markets, underperformance of our economy and a fractious political climate.”

McFearless said...

yeah, Karen, 100% agree with you, I think there is more upside left but man it seems to be sucking people in left and right.

Read Dan's board today....hilarious

karen said...

$8.2 Billion POMO Closes: Most Monetized Issue Is 7 Year Bond Auctioned Off Last Week

http://is.gd/i3kSP

CV said...

Front Page MSN.COM

"Stocks soar as US adds jobs" (with a foto of NYSE)...

LOL

McFearless said...

um, no, futures were up well before the jobs data came out and several people here identified the high potential for an upside breakout from a triangle....

quick, tell me it was leaked, it MUST have been the jobs data!

CV said...

Here we go...

"Stocks were up nearly 2% and the Dow Jones Industrial Average ($INDU) was showing triple-digit gains Wednesday on an increase in private-sector employment and speculation that the European Central Bank will enact measures to contain the eurozone debt crisis when policymakers meet Thursday."

There you go people... "Subprime is contained" (part deux)...

CV said...

@McF

You did, I'm sure, read my "LOL" tag on that...

Oh wait I forget... u no speak mah rangwige

ROR

karen said...

i think we need to rename the blog "Goldilocks and the 3 Bears." I'm Goldilocks.. you guys can be the bears.. : )

McFearless said...

no, I saw it, just agreeing it's another GIB headline.

Rolling Stone had it pegged a long time ago when it comes to the markets

"All the News that Fits"

karen said...

they should know better than to use the word "contained."

karen said...

Spain's benchmark index ends 4.4% higher, leading broad European rallies
12/01/2010 11:46:27 AM

Bruce in Tennessee said...

Interesting day this morning...just got back to the salt mine.

Talked with a very good general surgeon this morning about his outlook. This guy is 53, board certified in thoracic and cardiovascular surgery, but like a lot of CV guys, found there wasn't enough business after stents were perfected and the cardiologists took most of the bypass business.

He still has 100k of student debt! Down from 200k 5 years ago. We were talking about the possible medicare cuts (it will put many primary care physicians OOB if it occurs) and he just says he will go with the flow. He laughingly said there are two kinds of physicians these days...old school and his kind. His definition of old school is if asked the question,"Do you plan to retire?" and your answer is yes, then you are old school. If it is no, then you are like him, planning to work until you drop.

The rain finally stopped!

McFearless said...

Can I be a Zombie Bear?

CV said...

See people? You could have been RICH!

10 stocks that could have made you rich


http://articles.moneycentral.msn.com/learn-how-to-invest/10-stocks-you-wish-you-had-bought.aspx?cp-documentid=26467879

karen said...

Really, have we stalled, or what?! where is our 4+% up day??

McFearless said...

100k in student loans at age 53?

This is to say nothing of his likely mortgage

wow, that blows.

CV said...

@Bruce

He just should have inWested in NFLX stock instead of going to medical school...

Then he'd be RICH!

karen said...

Bruce.. at least he has a livelihood of sorts.. my nail girl's father, an ER doctor, had to go back to work after the 2008 crash.. he's working in TN.. his wife lives in their home home in San Diego.. he must be over 65.. and he has a bad heart!

karen said...

209.24 in nflx today.. here comes our rally.. we gotta match spain in % up! go bots, go! up 2.30%, 2.13%, 2.12%.. keepin' it in sync, too : )

CV said...

Speaking of RICH...

Crude at $86 dollars a barrel...

Surely, ahead of the holidays, $3's at the pump is going to make most Americans feel rich!

CV said...

courtesy of TWSWB

http://www.ritholtz.com/blog/wp-content/uploads/2010/12/Dollar-low.png

Bruce in Tennessee said...

Karen, guys...

My brother and SIL are living with us...they found a house to rent for 6 months while they continue to look...

My SIL's sister is a nurse on the Gulf Coast..so is one of her daughters..they have been on only 30-36 hour weeks for a couple of years now..and the hospitals where they work are not hiring, and are not giving 40 hour weeks. Due to decreased patient loads..

The next few years will be "interesting"..there are plenty of physicians like the one I mentioned...MD's tend to be very poor managers of money...

Bruce in Tennessee said...

I talked with a nurse anesthetist today who is 72, great guy, who is also going back to work full time. Very active but their money is dwindling...

(It can't be ZIRP!)

karen said...

i want someone to acknowledge the bots.. 2.21% up for spx and dow.. 2.33 for NAZ..

CV said...

It's noon...

Disclosure time...

karen said...

i just bot some dto.. couldn't help it..

the oil bulls are rabid.. calling for 136 crude.. are they nucking futs?

karen said...

the dollar dumped.. gotta love the FED! bond vigilantes are rounding up as i type.

CV said...

I'd be very wary of that December 10th date on Bucky...

There is a lot going on behind the scenes with COMEX (and delivery)...

That dollar chart seems to point in that direction as well...

Anonymous said...

karen,

re:GM, see:

http://dailybail.com/home/fk-you-geithner-treasury-announces-plan-to-sell-taxpayers-gm.html

AAIP

Bruce in Tennessee said...

CV:

"The Irish and the Greeks have already defaulted."

Would you agree or disagree with that?

CV said...

This is funny... I was going to put this video up the other day... But I thought everyone around here would laugh at me for doing it...

But now that Tyler Durden published it... it's OK...

http://www.zerohedge.com/article/madness-lost-society

AmenRa said...

Took a peek at
"Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility". The two names that pop up the most are JP Morgan Chase and State Street Bank.

karen said...

Mark, watching that now.. " mud pancakes.. google that sh*t.." he is hysterical!!!

karen said...

too bad he doesn't know what a commode is..

karen said...

CV.. that video didn't have to be sensationalized.. but i get the point.. effing scary..

karen said...

Goldman: Gold to $1750 in 2012 http://www.forexlive.com/150658/all/goldman-gold-to-1750-in-2012

AmenRa said...

All about timing: http://tinyurl.com/32pslhj Wall St jumps on U.S. commitment to Europe

(Reuters) - Stock indexes hit session highs in late morning trading on Wednesday as the euro jumped against the U.S. dollar after a government official said the United States would be ready to back a larger European financial stability fund via increased commitments to the International Monetary Fund.

***released right around the time the Fed info was released.

CV said...

@karen

That was my point for NOT publishing the video the other day...

I thought all the sensationalism was a little over the top and hokey...

To me... The images of people trampling over each other to buy $198 laptops (in good times), should be a stark warning to people should TSHTF...

Somehow... very few people seem to think that would ever come to pass...

It's a case study in human behavior...

CV said...

Goldman: Gold to $1750 in 2012

Great!... Now let's get silver to line up with that at 16-1...

$110 silver anyone?

karen said...

new 52 week high in CAT today..

AmenRa said...

CV

Or is Goldman trying to trick traders into selling gold?

AmenRa said...

Also VIX hasn't broken below 20. Someone's not buying the BS.

karen said...

this is bot trading, i tell you!! no one listens to me : )

black candle on BAC.. BAC and C on most actives today..

karen said...

i'm not sure how GM will end the day.. but volume not so hot.. it was low on Monday, too..

karen said...

BTW, i'm reticking GM to GovMo.. it'll be on the pink sheets again, soon and need the extra letters.

CV said...

@Amen

I think banks & the likes of Goldman in the world are going to have to start living with the idea that if the world is going to rely on "monetization" as the only thing available to keep the world making its monthly nut...

Then higher commodity prices are going to ensue across the board...

There will be periodic "shakedowns" of this logic, but I'd tend to go along with something like that call if you extend the timeframe out to 2012...

They didn't say "when" in 2012...

Hell, by then, people may start thinking about the end of the Mayan calendar and EOW and start freaking out and doing weird things...

I'm kind of 'counting on it' :-)

CV said...

@karen

"BTW, i'm reticking GM to GovMo.. it'll be on the pink sheets again"...

---

What? You mean the "coal-fired" Volt that goes 33 miles on a charge and crushes 4 people into a small space (with a 450 pound behemoth battery that probably works WORSE than the one in your iPhone), and costs $40,000 won't be a "smash hit"?...

McFearless said...

this is funny:

US Stocks Jump After Reports Of US Help For Europe

McFearless said...

looking to add longs on dips now for quick trades here in Dec. the second push today looks pretty good

we should stop crying about all the "news" and keep to trading....especially me.

karen said...

ben, funny as a crutch.

CV said...

@McF

I'm NOT crying about the news... I'm LAUGHING at it...

The financial world has become one large Jerry Springer show...

McFearless said...

Karen,

we need to laugh at the GIB

CV,

No comment on my link from 8:55?

Bruce in Tennessee said...

Karen,

I watched the CEO of GM interviewed on CNBC this week. He had the audacity to suggest that in the future the Volt would be used on cross country trips...

10 hours for a full charge...
300 miles capacity...
25-50 miles capacity of battery only trips...
41k price tag...

..I think he could not possibly believe this thing will make money. What he says and what he believes are two separate things..

mcHAPPY said...

Karen,

As a non-American your quote on Volker around 11;30 was dead on, IMO. I hope things get turned around in the US sooner rather than later.

Anonymous said...

CV,

right? that f****** "Volt" is tiny..

it's such a waste..

if GovMo (good call, karen) had any Clue, they'd gone with:
http://search.yippy.com/search?input-form=clusty-simple&v%3Asources=webplus&v%3Aproject=clusty&query=Capstone+Microturbine+Automobile

note: F is giving it a whirl..

http://finance.yahoo.com/q?s=CPST

there's, long, been a 'heavy foot' on this Stock/Co., though, iffin' you have 'young ones', a few shares would make a great Gift, if for no other reason than the 10-Q/10-K flow...

AAIP

Anonymous said...

Bruce,

Chu, the Sec. of DOE, is squawking the same S*** - about 'being 'on the cusp' of a "break-through" in Battery Technology..

the same dude who uses the "China does it.."-rationalization for a Gov't-led Command and Control-'Energy and Industrial Policy' "needed" in the US..

AAIP

karen said...

So, am i the only one that freaks out when the market is trades on auto-pilot? i don't even use cruise control in my vehicle! 2.32, 2.34. 2.23

McFearless said...

jet packs....

Bruce in Tennessee said...

Well, the Volt is rated 37 MPG...

My Prius (no comments from the peanut section, CV) gets 48-50 routinely and cost more than 14k less than the Volt.

This will be the 2011 Edsel.

karen said...

themosmitsos

Tryptophan induced clinically deluded rally& "outside SPX week" based on EU Sov "TARP" *&* FED EU injxns.I need better drug dealers methinks

AmenRa said...

The high TICK reading was in the first minute of trading. It still didin't take out the high from 11/29/10.

Scotty: Capt'n I'm givin'er all she can take.
Capt: Scotty...I...need more...power...or...we'll get...pulled...back...in.

McFearless said...

look at this bs, hilarious:

http://www.bbc.co.uk/news/business-11891834

so you see, all that has been revealed is as follows:

1. The only companies that REALLY needed any money, well they went under anyway, we already knew that

2. BAC, and others, they took billions, but they never really needed it....

LMAO

as has been said before, 2008 was just pretend, a bad dream....

karen said...

Ben, for you: PragCapitalist

AAII: SMALL INVESTORS POURING INTO STOCKS: Small investors aren’t just feeling bullish – they’re acting bullish.... http://bit.ly/dGJMOF

mcHAPPY said...

GN's is on fire.

Bears should not be too discouraged. The time is coming.

karen said...

hey, pretty soon this is gonna add up to big $$: zerohedge

Fed bought $293 billion in MBS from Deutsche Bank, $287 billion from Credit Suisse: top 2 beneficiaries.

karen said...

why isn't gold at $6k right now is what i want to know.

AirHead said...

I'd buy this car, before I bought a GM Volt... just saying

AmenRa said...

Whoops (from zerohedge): http://tinyurl.com/35kmlwc Bad News For Euro Rescue: US Is NOT Discussing Larger IMF Contributions To European Rescue Funds

According to the WSJ the US is not discussing a larger IMF contribution to the European Rescue Fund. EURUSD plunging now. The theater continues. And since the market went up on the news, why would anyone expect it should go back down when the news is refuted. The market is now a total and complete travesty.

McFearless said...

karen,

remember a couple weeks ago when I commented that retail animal spirits were back....I wasn't kidding when I said it, just what I was observing.

I have about a dozen clients that don't realize they pick almost every top and bottom.

I-Man said...

Yall think too much.

;)

McFearless said...

McHappy,

1:27
agreed

I haven't been this excited about getting a big short on since mid January of this year....already mapping out what to sell...

karen said...

now that is a cute car!! looks like a smiley face ; )

CV said...

@McF

I don't know what part of that link you wanted me to comment on...

The "idiot" Pelosi/Reed Congress (who still has not passed a budget for 2010), and is two weeks into it's lame duck session, still hasn't addressed tax cuts, yet is pushing forward with DREAM act and this "Food Safety" business?

Basically... I think I've said enough about the whole lot of them (Pelosi - Reed - Obama) since I've been a blogger... They're all idiots...

Now that a bunch have been sent packing, we'll give it some time before I start recognizing that the new batch of entrants are just as idiotic...

I suppose we'll have some nice "scandal" investigations to look forward to for the next 2 years tho!

karen said...

BreakingNews

WikiLeaks website is down; Web host amazon.com won't say whether it forced the site to leave http://on.msnbc.com/exyzEk

karen said...

nov 15 high was 1207, too.

CV said...

@AAIP

CV was into Capstone stock a couple of years ago... Then I kind of forgot about it...

karen said...

spx has not bettered noon high..

McFearless said...

CV,

That bill has nothing to do with the safety of food and everything to do with shutting down farmers that aren't part of the big agri biz, you want to have a little roadside fruitstand...too bad, it might be safe, riiiiiight....I believe the woman that introduced the bill is married to an exec at MON....but that probably doesn't matter right?

Thought this was fitting given all the discussion on food yesterday and of course, I wanted to see you say something about a government worker yelling things are rigged.

karen said...

optionmonster

Jamie Tyrell at CBOE and Jeff Kilburg have something in common watch Sonar Report on VIX here http://youtu.be/I_dP-ygTp2s

AmenRa said...

Never use servers on US soil...

Anonymous said...

"...already mapping out what to sell..."

McB,

don't forget the "Buy"-List .. "Puts" (are inexpensive)

AAIP

AmenRa said...

SPX is back above SMA(21) and the weekly 3LB mid. I really want to see if it can stay above the mid by Fridays close.

72bat said...

mark -
re: capstone c30, what's the approx. retail on that unit?

CV said...

@McF

The reason that that part of it doesn't hit me as much is because I'm neither here nor there...

I'm not trying to operate small time commercial... It's all for my own consumption...

So basically, sure... It's another things that sucks... But it sucks worse for people who are "on the grid" versus people who are "off the grid"...

You watch... The more clamps that are being put on, the more people are going to go off grid...

It's like downloading on the internet... The more they try to stop it, the more weeds pop up...

McFearless said...

Mark,

right o.... when it's options I need to clarify use of the word sell

digging through stocks like NFLX, as an example, world changing company I realize (snark) but color me very bearish that stock if wave (C) is the story for 2011

McFearless said...

CV,

that's the kind of bill that leads to monitoring of farms kept "off the grid" in time....it would seem that's where that road is leading, that's what I'm getting at.

Authoritarianism at work, and in real time.

Anonymous said...

MackieFear,

that's, exactly, it..S.501 has nothing to do with 'Food Safety' (though, it is a big reason why you've heard so much about, various, 'food recalls' over the, near, recent interim..)

it is, again, another BigBiz/BigGov tag-team take-down of the 'middle-market'-Players (in AgriBiz), and a, further, crack-down/ 'Track 'n Trace' Op on the Distribution network..

and, for peeps that think I've been 'making up' the "168. Track 'n Trace"-idea..

http://search.yippy.com/search?input-form=clusty-simple&v%3Asources=webplus&v%3Aproject=clusty&query=Food+Safety+Track+and+Trace

LSS: it's one of the few 'Bull' Markets in the 'Economy', even if it's based on BS..

AAIP

AmenRa said...

McF

Remember Comcast is looking to charge Level 3 for data usage. NFLX is using their infrastructure to stream movies (but they themselves have no infrastructure). It's the same thing that telecoms dealt with when dsl providers were using their lines. It's also one of the reasons why wireless is growing. It costs less to rent space and attach an antennae.

karen said...

AR @ 1:45.. me too.. i want to see if spx can stay above 5 ema for 3 days. gld is another one. gld has 2 days above right now..

karen said...

oh, and another $copper.. pulled off a miracle today..

Anonymous said...

72bat,

re: c30, from CPST..

not sure if I've seen actual 'Retail Pricing'/SRP for it..

though, from what I've read, it's *expected to be less expensive than the Tesla ..

here
http://www.microturbine.com/news/links.asp

is some add'l 'blurbage' ..

AAIP

McFearless said...

Ra,

yes, really good point there, I'm going to stick by NFLX going out of biz by 2015, that's my call for them.

Mark,

yep, that's just the way I see it, but they sucker everyone by calling it Food Safety, so blindly people ask for it, sort of like how it might appeal to people to have an RFID chip planted in their newborn, you know, in case it gets kidnapped, or how we might call something the "patriot" Act, pffft. Is MON bio-engineered food safe? Is it safer than my Mom's garden because the government oversees it? I bet the food at CV's farm is safer than half the crap we buy at the store!

i've traded MON in the past to make money on it, I admit it, but that company seems to be pure evil, a govvie favorite, in other words.

Bruce in Tennessee said...

http://www.theglobeandmail.com/report-on-business/your-business/business-categories/customer-experience/the-end-of-the-35-hamburger/article1819490/

The end of the $35 hamburger


...Those Canadians...

karen said...

uup trend is still up.. fxe trend is still down.. as is the aussie

CV said...

@McF

I realize that...

But basically every piece of legislation that has been on the agenda for the past 2 years has something in it like that that effectively "open the door" for what you describe, down the line...

Am I outraged? Yes... Am I worried about 'enforcement' (in my practical lifetime)? Not so much...

That's for all your 'kiddies' to deal with (the ever reverberating echoes of the great and powerful Barack Hussein Obama... the man who brought "hope & change" to America and finally made out government operate in an open and 'transparent' way)...

Thank you savior!

CV said...

...and it's all because a bunch of hippies from the 1960's wanted to RE-LIVE the GLORY! (rolls eyes)...

McFearless said...

here is the latest Charles Nenner video if anyone is interested:

http://www.ibtimes.com/articles/20100825/video-charles-nenner-dow-to-5000-in3-years.htm

If you dislike crazy talk about sunspots or a giant bear market around the corner, especially now that the ECONOMY is showing such improvement, well, don't bother clicking the link.

karen said...

anyone note the $tyx reversal today? that's another one that has been trending up.. since mid october, btw..

CV said...

@McF

"I bet the food at CV's farm is safer than half the crap we buy at the store!"

You betcha! fertilized with real honest to goodness fish shit! :-)

McFearless said...

for those that do click the link, notice the comments starting at 2:00 regarding the markets news, and what it means to make a real forecast

karen said...

PIMCO

Gross: The US seems to acknowledge no bounds to what it can spend to bolster consumption or how much it can print to support asset markets.

(Bill must be a dollar bear.. talking his book!!)

CV said...

"traded MON in the past to make money on it, I admit it, but that company seems to be pure evil"

effin Michael Clayton (movie)

karen said...

ben, where do they dig up these news girls!! that one is a lilo look-alike.. ugh..

Bruce in Tennessee said...

Ben,

I watched that early this morning. I don't think he's a "nutter", and there will come a time when debt crashes.

...It's that timing thingy that is so annoying...I don't have the confidence Mr. Nenner has...charts are one thing, and I understand his record is good, but real life is not the ivory tower...

Anonymous said...

McB,

peep that deride 'Sunspots', and their, associated, effects on us, should chew on some of this
http://www.holoscience.com/synopsis.php

AAIP

CV said...

@AAIP

CPST stock was at $98 in 9/00...

now it's at 77 cents...

I'm waiting for it to hit 39 cents and then I think it'll be a screaming BUY :-)

CV said...

Kind of like me putting 5 units on the Carolina Panthers

karen said...

okay, i thot the Nenner thing was interesting.. i like how calm he is..

McFearless said...

Bruce,

Nenner has perhaps called all the turns better than anyone the last 5 years, so that's where the confidence comes from, yeah...he's a little cocky, but who isn't on Wall St? As for debt, seems to me that's what everyone is missing... we don't really need to wait for that, it's already crashing, our govt and Fed have just helped you miss it. Consumer credit contraction continues at what we might call an alarming pace relative to what's been "normal".

Karen,

From MTV TRL straight to CNBC, it's not like you need to know about finance to work there, you just read the prompter and look nice.

Anonymous said...

CV,

speaking of 'Fish', do you grow Insect larvae to feed them?

http://search.yippy.com/search?input-form=clusty-simple&v%3Asources=webplus&v%3Aproject=clusty&query=Culture+Insect+Larvae+for+Aquaculture+feeding

AAIP

CV said...

@AAIP

This is my first year of really doing it (raising fish)...

This year, I basically would scoop up mosquito larvae from the rain barrels, but never got more sophisticate than that...

In time, I'll try other things...

CV said...

@McF

It seems to me that that video was from back in August...

McFearless said...

Mark,

do you find it interesting like I do that often the very same people that are 100% certain about evolution will also deny that the sun currently has any impact on our behiavor at all?

perhaps their highly evolved brains have not connected the two just yet

CV said...

...not that it makes a difference because it really didn't effect his calls...

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