I mean really... WTF cares? You'd have made a lot more money if you took my advice last night and laid 10 points with the "Dog Killers" against the Texans, or "taken the 4 points" with the Arizona State Sundevils playing Arizona (the Pac-10 conference - fixing college football games since 1959)...
Alright... I'll just dip my big soup ladel in the pot here and slop you up enough mush to hopefully keep you busy over the weekend while you're NOT reading my NCAA & NFL handicaps or look at the winning totals...
Who are the "Black Swans" playing this weekend, I wonder?...
I know it's hard to get through MCC (and why is she looking like Dolph Lundgren these days)?... But if you manage to do that, your reward is getting to see Taleb basically call the Bernank an @sshat... Little rewards are all you get these days Romans... (Wasn't it Nero who started clipping coins)?...
On that note:
Hong Kong Experiences Fake Gold Scam
EXCERPT:
"A high-tech scam unfolded in Hong Kong, after at least 200 ounces of fake gold was discovered by a group of jewelers."
Looks like a job for:
"The counterfeit gold was reported to have a street value of about $280,000, according to the Financial Times. While the discovered amount is small, some analysts believe it may be just the tip of the iceberg of a much larger counterfeit metals operation..."
"The fake gold used a pure gold coating to mask an alloy with similar properties to real gold. The metal included 51 percent of the bullion, mixed with seven other metals."
A "high tech scam"? I don't see anything wrong with that... These guys do it all the time:
Fed Officials Say Easing Policy Can Be Calibrated
EXCERPT:"The U.S. Federal Reserve's controversial $600 billion bond buying program is subject to regular review and can be adjusted if needed, top Fed officials said on Thursday."
"We should not be the Politburo and we should not be indecipherable," he told reporters after speaking to economists in Washington."
Did someone just use "NOT" and "POLITBURO" in the same sentence? Let's ask these guys (who, like Hong Kong Jewelers, Pac-10 refs, FRB presidents, and Chicago politicians, also know how to "fix" things)...
China Announces Shift to 'Prudent' Monetary Policy
EXCERPT:
"China will switch to a prudent monetary policy from a moderately loose stance, the Communist Party's top leaders decided on Friday, a change that could pave the way for more interest rate increases and lending controls, the state Xinhua news agency reported on Friday..."
"At the same time, the Politburo elected to maintain China's proactive fiscal policy, an indication that the government wants to continue to ramp up investment spending at the same time as taking tightening steps to control inflation."
Read that last sentence over, and over, and over, until your eyes turn into pinwheels (and there's that word "politburo" again)...
Oh... and by the way... If you were looking for something honest... Today's version has it that you have to go to Switzerland...
WikiLeaks Moves Its Website to Switzerland After Domain Service Is Cut Off
(Gratuitous Buxom Swiss Miss foto - the thing that makes this blog readable)
Joe Lieberman's Campaign To Trample The First Amendment Is Proceeding Right On Schedule
EXCERPT:"As if it wasn't enough that America's ruling oligarchs were sufficiently happy with abdicating their governing duties to the Federal Reserve, they have now decided to imitate China in every possible way..."
"After Joe Lieberman made a mockery of Internet freedom of speech (and of Amazon's independence) he has now decided to step up his campaign against un-coopted journalists everywhere, precisely as we suspected would happen next in the USSA. Per MSNBC, the Independent Connecticut senator has told Tableau, a Seattle company that allows Web users to post charts, to remove several charts describing the release of WikiLeaks material"
If, by now you're so confused that you DON'T KNOW WHAT TO THINK... Then actually, there's help! There are blogs on the internet who specifically cater to people who don't know how to think... I'd start at TWSWB's crib, and then hustle yourself over to all the TWSWB "parrots" who will serve you milk and cookies while you agree...
Oh... and if you're wondering why Assange hasn't been nabbed yet... Well, last I heard he was in southern England... And they were hot on his tail...
226 comments:
«Oldest ‹Older 201 – 226 of 226 Newer› Newest»closing high... anyway
dollar at lows of day but TBT moving to highs..
and maybe the $compq?? !!
jjc is getting there...
The bait is being set. Will you be a smart fish or dinner?
new high on $compq.. get ready for the $spx!
hold your hat on this...
XOM... almost
TBT has had a nice run, may take a breather Monday for POMO.
LB doesn't like to take anything home for the weekend.
@McF
You ought to look at a wave count on XOM since the July lows...
That looks pretty clear...
mcd is 15 cents away from an all time high...
cat (all time high)
Out of TBT.
next year is the year of the CAT (rabbit)...
Chinese astrology...
1987 was the year of the cat as well...
1999 was too...
cv -
can't find the webpage i was looking at yesterday re melting coins, but it said there's no specifc reg/law against melting, only defacing altering or otherwise messing with a coin to intentionally defraud.
going outside to do some real work.. later all! don't forget to toast the birthday girl before you imbibe tonight !!
@72 (4:00)
Well you'd need brilliant legal minds such as this to dig further into that definition...
http://www.youtube.com/watch?v=j4XT-l-_3y0
Triple top?
It will be interesting to watch EURUSD for the next few days with AUDJPY being another risk barometer we should pay attention to.
A lot less happened today than one might think... a lot of my equity positions (none of which are USD-related) did precisely squat. Long bonds had a huge rally after the number, and then everyone bailed. The 2y had a remarkably strong day, however, as did the 5y.
No idea what's going to happen Monday but we don't have much data out there ahead of us, so trading may be TECHNICAL for a while.
i suspect the birthday girl will get toasted without our help but "here's to you jen!" anyway
Bye Karen, LB will toast you as well as the B'day Girl.
x
Jen-
"Here's to you..." :-)
http://www.youtube.com/watch?v=m_jmDscGi7E
eh,.....been on the phone
"I just skeptical of much more upside risk (in equities), before the EOY... Maybe a percent or two if somebody happens to fat finger something"
I only bought individual stocks today, not an index, I'd guess the month of December will be a stock pickers market and if you pick the right ones you've got some nice upside into January.
Even when markets topped out in 2007 lots of stocks went higher for several more months, and if you were really lucky you owned WMT and MCD, but these are just trades for a few more weeks.
towards the end of the month I might be able to sell calls agains them and swipe some premium, we'll see what happens, one day at a time.
Jennifer,
I think I'll go have a frou frou or five in your honor.
you all enjoy your weekend, I'll be back for the football write up, having a hard time on picking my flex player this week, and this is the biggest game of the season for me.
@ben22
I clinched a playoff spot already...
But I'm not going to rest my starters :-)
A lot of dividend paying stocks and solid boring businesses are actually UNDERVALUED. Banks are impossible to value, and the commodity, energy and technology stocks are probably GROSSLY OVERVALUED.
It's a market of stocks. This is very much like Spring 2007, could go on for months like this, and only a liquidity pull-back can curtail it.
The commodity stocks are so overblown it makes me a bit queasy (no pun intended). I also noticed an almost frantic chatter by CNBC guests about how much they like energy and commodity names (and of course everyone likes technology all the time because it is allegedly recession proof AND growth prospective). That makes me especially hate those types of equities.
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