Morning Corner 3.22.11

DXY (weekly info)
new low 75.72
trend=down
low= 75.72
rev= 77.66; mid= 76.69



It has begun. The DXY is set to explore previous lows. Support levels are 74.17 from 11/09, 71.31 from 7/08 and 70.70 from 3/08. Thank you Bernanke.



Composite Home Price Index (monthly info)
-no change (below mid)
trend=up
direction=up (2 bars)
high= 158.20
rev= 150.00; mid= 154.10


The Home Price Index shot back below its monthly mid in Dec 2010. It's been holding its weekly 3LB mid since that time. Until the shadow inventory is dealt with prices should continue to head down.

172 comments:

Bruce in Tennessee said...

http://www.reuters.com/article/2011/03/22/us-china-rareearth-idUSTRE72L10I20110322?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28News+%2F+US+%2F+Business+News%29


BEIJING (Reuters) - China's exports of rare earth metals burst through the $100,000-per-tonne mark for the first time in February, up almost ninefold from a year before, while the volume of trade stayed far below historical averages.

China's squeeze on rare earths, which are used in a wide range of hardware including precision-guided weapons, hybrid car batteries and iPads, has forced prices up dramatically since July last year, when each tonne fetched a mere $14,405 on average.

ben22 said...

@AT,

previous thread, re E wave:

Neely has a big box drawn now for it, I'll spare the specific but it points to a sub 1200 S&P by end of April roughly. Each day I've noticed on many blogs what seems like an almost uncontrollable urge to call the bottom of this correction, so to me it makes the E wave being nasty more probable. Orthodox counters of course are hovering of their charts trying to figure out why the i-ii, i-ii didn't work.

he's also stated that a diametric could be forming instead, which I can see easier than I could the triangle originally.

ben22 said...

it seems with the bank dividends that BAC is sort of the ugly kid in the corner

What's up BAC?

Also, note the Citi 1 penny dividend is post stock split, so it's going tp pay you less than what a Citi savings account would right now

Any takers?

CV said...

@bruce

Well - While Nero was fiddling down in Rio, we sent about 20 cruise missles in to hit about 40 targets in Libya, so some silver just got taken off the market as well...

ben22 said...

AT,

one other thing regarding that E wave, I'd suppose depending on the size it could be used as confirmation that the (B) wave is in fact over as the move could be larger and faster than any in the wave that preceded it.

guess we should know within 30 days or so

wunsacon said...

>> we sent about 20 cruise missles in to hit about 40 targets in Libya

Wow. We're *good*.

wunsacon said...

>> we sent about 20 cruise missles in to hit about 40 targets in Libya

Wow. We're *good*.

wunsacon said...

Double-post or a glitch in the matrix? Look out for agents.

karen said...

we also just crashed a fighter jet.. thankfully pilot okay..

rumour ireland missed coupon payment..

good morning.. hope i didn't miss much last night.. i skimmed.. had to catch up with son's return from austin.. he got an ipad, believe it or not, in an apple booth.. he thinks no one expected them to have any..

karen said...

Seven Meals from Anarchy

http://www.taipanpublishinggroup.com/video-alerts/shi-video/shi-meals-wallst0323.html

karen said...

Reuters_Biz: Buffett says looking at investing in India http://dlvr.it/L5lHx All Buffett all the time. Next up Tepper.

karen said...

Word from Tokyo is that things are worse not better.. radiation poisoning and can't cool fuel rods at Fukushima.

karen said...

Famous last words: Bloomberg News
Exclusive: All Clear Signal Sounded as Global Markets Shrug Off Multiple Black Swans - http://ow.ly/4jwwY

karen said...

Am I on the wrong day? the wrong blog? where is everyone?

Anonymous said...

Bueller....Bueller....

Jennifer said...

Karen -- you're in the right place, NFLX is up again!

AmenRa said...

We're here :-)

AmenRa said...

Market is still trying to make up its mind. With AUDJPY up and EURJPY down the market is confused.

ben22 said...

Karen,

busy morning today, close to tax time....

this d wave could end at any moment now, if it hasn't already

karen said...

indices just got all excited about POMO.. between $6.5-$8.5 billion today.

karen said...

ben, that is music to my ears.. it does feel like it.. it does look like it.. but i want to see it for real..

karen said...

BTW.. MOO looks bearish.. and the food crisis is full boar. every other headline.. with even the Fed chiming in..

karen said...

Moody's says US commercial real estate prices slip 1.2% in January

US Richmond Fed Manufacturing Index (Mar) M/M 20 vs. Exp. 24 (Prev. 25)

ben22 said...

MOO

I suppose you would feel like you are herding if you own that?

hehe....

ben22 said...

CAT at 106

that is one epic rise from sub $30

I wonder how many people bought at the lows and are still in, what a sweet trade, I clearly got out way too early.

I-Man said...

Watch YM 11990, 11974... those are my resistance/likely reversal prints for this morning.

If we surge, 12015... 12026.

If we start getting nasty,

12045... 12174... 12243

karen said...

http://www.oftwominds.com/blogmar11/self-sustaining-test3-11.html

Here's a simple test of whether the economic recovery is self-sustaining or not: cut Federal spending back to 2007 levels (a $1 trillion reduction) and cancel all Fed intervention such as quantitative easing.

ben22 said...

I,

on the nasty, guess that would align with AT's 1318 mention of gap closures, we'll see, despite yesterday I don't think it was the greatest effort by bulls, we'll see what kind of juice they have left.

I-Man said...

11962 is the halfway (50%) of the big move overnight sunday to yesterday mornings high.

I-Man said...

Will be trying to sell that on sustained weakness, but on the lookout for some support below that could come in about 11940.

karen said...

one of those JW articles with charts..

http://www.businessinsider.com/is-this-why-hedge-funds-bought-the-fukushimalibya-selloff-2011-3

I-Man said...

The 25% retrace of the big move is down at 11936, so would be a good target if I get to short the 11962.

AmenRa said...

Wow a 20% drop in the US Richmond index. Ouch.

72bat said...

k -
still have your shipper(s)? time to re-think?

from bruce krasting Shipping News:

"The Baltic Dry index has bounced 50% from 1000 to 1500 in the past month. Other indexes have followed suit. I asked a friend in shipping if this a true turnaround or just a dead cat bounce in an index that fell 75% (peak to trough) in 10 months. I got an interesting response.

"The Carlyle Group, the world’s second-biggest private equity fund, said it’s forming a venture to buy more than $5 billion in container, dry bulk, and tanker vessels as well as other shipping assets.

"So is this a good sign for the industry? Yes and no was the answer.

"Anytime an entity commits big capital like this it will affect the whole industry. Pure supply and demand suggests ships are gong to up in value. So that seems like good news.

"But the other side from the Greek shipper:
'For years we have all made a fortune shipping raw materials and other goods to and from China. The Chinese know this. The China/Carlyle deal will create competition that now does not now exist. I am afraid that our biggest customer will no longer need our ships. Long-term this will be bad for us.'

"Chinese dominance of the global economy is growing every week. Nothing is going to slow that ship down. It's written in stone"

Jennifer said...

I love how we've rallied back up to the underside of both the 20 and the 50 on SPX, and also, if you draw a trendline from the 1332 peak down it intersects in the same place. I think it will take a lot to bust through all that resistance. Also, looks just like the pre flash crash chart.

ben22 said...

". Also, looks just like the pre flash crash chart."

that's an interesting observation considering the e wave should be nasty, not expecting another flashie, but nasty all the same.

I-Man said...

@ J

Yes, it really is matching up to that pattern isnt it? Been doing the copycat thing for awhile...

I-Man said...

If you overlay feb/march '11 over april/may '10 its a cool thing...

karen said...

My shipper is DHT.. i'm gonna keep holding it.

I-Man said...

The last 10min are a superb example of why you always need to wait for confirmation before trading a pivot.

The first mouse seems to get whacked a lot.

I-Man said...

I notice this specifically around the horizontal S/R levels, like fib's and other percentage retracements.

karen said...

NFLX looks toasted to me..

karen said...

JJC below 57.. i have a bad feeling about Japan..

ben22 said...

eh....we might just move sideways most of the day

be back in a few hours

bob said...

Japan is really bad going forward. They lost 20% of the electricity generation capacity. Steel? Sure...

That is also, IMO, a much greater threat to life than that of the "radiation". That many people so close, without electricity....

Jennifer said...

I find this long period of congestion disconcerting. Don't you think its strange to have so many SPX hourly candles (8) almost all the same? I think its odd that price wasn't repelled more forcefully.

karen said...

i'd hate for ben to miss a flash crash, lol!

karen said...

crude making new highs on the day, too.

karen said...

jenn. i meant to say yes, disconcerting and downright odd !!

karen said...

on another topic completely:

Former Israeli president Katsav gets 7 years for rape http://t.co/mm

ben22 said...

I'm lingering .....lol

also, I'm going to take the other side and say the candles don't seem odd at all

remember that insties are in distribution and have been for over two weeks now, and it is growing, I think what you see there is pure stock operator skill, these guys know how to keep the paper profits while they find the bagholders

Jennifer said...

I need that skill!!!

Jennifer said...

Should you worry about the dollar?

http://www.stocktiming.com/Tuesday-DailyMarketUpdate.htm

I-Man said...

Our minds are their biggest weapon...

Jennifer said...

Then they've succeeded...mine's quite addled.

I-Man said...

Can already tell I'll be playing both sides today.

bob said...

J

I was just discussing dxy with someone else. What can you buy with a dxy? You can sell it for a $, then buy something....

Just not sure it really represents the value of anything.

Michael Scott said...

I,

11:14

um....that's what she said

couldn't help myself...

ben22 said...

we never got down into the gap yesterday, bears need a big effort just as much as bulls now

ben22 said...

might be too early but can you guys see the triangle?

yesterdays top around 2:30 connects the two tops today, bottom line is horizontal using closing prices, we broke down, testing the underside now

wouldnt' trade it, might be nothing, not sure how effective triangles are on that short of a time frame, but the C wave in this pattern was also confirmed with a break from a triangle

AT,

Can the E wave in an Expanding T become a triangle itself?

bob said...

http://www.cnbc.com/id/15840232/?video=3000009844&play=1

I really enjoyed listening to this. Glad I don't have a TV anymore.

Choice quote, by Al

"It wasn't a day of rage, it was a day of solidarity for our king."

Al said...

http://www.youtube.com/watch?v=HOiVaE-pKqM

karen said...

Glencore Said Near to Hiring Eight Banks for $10 Billion IPO http://bloom.bg/h8SvjH

karen said...

http://finance.yahoo.com/news/Feds-Fisher-US-debt-situation-rb-2041699246.html

"If we continue down on the path on which the fiscal authorities put us, we will become insolvent. The question is when," Fisher said in a speech at the University of Frankfurt.

bob said...

K

Interesting, no HSBC?

Snivelling Nanny State Proponent said...

Elizabeth Warren on CNBC....

She's going to make everything better. I have no doubt.

Andy T said...

"AT,

Can the E wave in an Expanding T become a triangle itself? "

Yes, but most likely an expanding triangle itself if it were itself to be a triangle.

It should be bigger than the c-wave for sure.

wunsacon said...

>> http://www.oftwominds.com/blogmar11/self-sustaining-test3-11.html

I love CHS!

wunsacon said...

>> Snivelling Nanny State Proponent said...
>> Elizabeth Warren on CNBC....

Oh, c'mon. She's much better than 95% of the turds in government and FIRE -- "GFIRE". (Sounds like a video card.)

Tell me you disagree after you watch this:
http://www.youtube.com/watch?v=akVL7QY0S8A
(Jump to 4:45 mark.)

At least she has a clue, from studying data.

wunsacon said...

Actually, "studying data" is perhaps not the strong suit. The Fed "studies data" all day but choose to screw us. So, let me say instead: "At least she has a clue and was warning us -- before the crash -- that we're screwed." She has some foresight. Contrast that with the happy/smiley people in the establishment.

karen said...

do look at this and read it thru.

http://www.marketanthropology.com/2011/03/meridian-market-theory.html?spref=tw

Anonymous said...

wunsa-

E. Warren lacks the Tools/Backbone/Grit to survive/be effective in that Sphere ( W D.C. )

~~

J-

re: yesterday, "I like Fat & Salt"

to be clear, I was being very serious/complimentary w/ ~"sign of self-awareness/Good Parenting.."

"Fat" & "Salt" are, both, deeply, Vital to our well-being..

that fact is played against us by the 'Food Processors'..

it's the type, and amount, of such, that We tend to 'overdo'..

AAIP

Jennifer said...

She's inclined to be an "overdooer" -- no offense taken!

Sometimes I have to tend to my other duties...then I'm slow getting caught up.

Looks like I'll miss the triangle breaking...enjoy it without me.

Anonymous said...

E. Warren lacks the Tools/Backbone/Grit to survive/be effective in that Sphere ( W D.C. )

You mean she can't be bought?

karen said...

the name on this link is wrong but it should take you to the right post.. gotta say i agree with his views on silver:

http://www.marketanthropology.com/2011/03/perspective-on-bond-yields_16.html

I have been closely following the gold/silver ratio as it cascades lower in 2011. For me it's another barometer of risk in the system - or lack there of. Basic thesis being that the silver market speculates with greater velocity than the gold market during times of exuberance and captures the underlying animal spirits of the marketplace. Of course there's more nuance to the ratio than that - but let's keep it simple stupid (KISS).

karen said...

this was fantastic!! http://www.marketanthropology.com/p/video-of-week.html

ben22 said...

I'm not a huge E. Warren fan seems to me she'll get pushed around, and stuff like this:

"Oh, c'mon. She's much better than 95% of the turds in government and FIRE -- "GFIRE"."

is a derivative of the "better than bush" crowd

why are 95% of the turds the benchmark?

we need to look beyond that....imo.

karen said...

NLY having a down day. Lowered div to .62.

karen said...

Don't Buy The Hype, Says Gary Shilling: Stocks Are Anything But Safe http://yhoo.it/hZejmM

Barrons Steve Sears
http://on.wsj.com/eFFmRy Institutional Investors See Volatility Ahead

Anonymous said...

ahhh...cooties

seems to me she'll get pushed around

bob said...

on EW

Geithner and WSJ dislike her.

The enemy of my enemy is my friend.

I-Man said...

Should I be ashamed that I dont know who EW is?

I-Man said...

Nah... ignorance is bliss.

I-Man said...

Especially when it comes to politics...

I-Man said...

Nice little bit of gravity right there on the 1min...

Up 10 in a short, but not expecting much, and keeping my gains close.

karen said...

$nyupv:$nydnv is flashing red light.. best if looked at on a 30 or 60 min chart over the last 5-10 days..

I-Man said...

Target order @ 11936

I-Man said...

Well that was quick. A 10 ticker today feels like a 50 would lately.

Will step back and maybe get back in...

karen said...

waiting for this shoe to drop is getting tedious.. a watched pot never boils.

I-Man said...

Ha... if you aint watching its hard to be there when the shit is on.

:)

karen said...

you gotta be in it to win it (GATA motto.)

AmenRa said...

Waiting for either 1288.42 which is the 23.6% retrace of Wednesdays low to Mondays high of 1278.18 which is the 30min 3LB reversal price. If another high is made on the 30min 3LB the reversal becomes 1287.15.

I-Man said...

The hardest part for me is staying OUT of it... haha.

If there wasnt any money on the line, I'd always be trading.

Hard to be successful at this if you're always overtrading tho.

I-Man said...

Just got short again...

karen said...

brave man.. i thot we always broke u out of these formations..

karen said...

up, i meant.. forgot the p

I-Man said...

That was too close...

I-Man said...

curses

karen said...

dia and spy volumes at holiday lows..

karen said...

most actives are C and BAC and even they are on extraordinarily love volumes..

Anonymous said...

re: E. Warren..

...The Daily Bail awaits comment from Mary Kissel.

Zack Carter started a bit of a commotion recently, when he identified the Wall St. Journal's Mary Kissel - a former Goldman Sachs executive - as one of the people behind the recent attacks on Elizabeth Warren and the Consumer Financial Protection Bureau (CFPB). It would be one thing to attack Warren on ideological grounds, or even for partisan political reasons, but Ms. Kissel and the WSJ are simply making things up.

They claim, for example, that the CFPB, under Warren's command, "is trying to extend its reach by extorting billions of dollars from private mortgage servicers, regulating their business by fiat, and stalling a U.S. housing market recovery."

The reality is, that neither Warren herself, nor the CFPB, is "extorting" anyone. Nor, as Warren testified to Congress this week, does she or anyone from the Bureau have anything whatsoever to do with any direct negotiations with the banks and mortgage servicers regarding any kind of settlement. The DOJ and Treasury have asked people who are involved in setting up the Bureau, including Warren herself, for advice, but there is no evidence that anyone associated with the CFPB has done anything more than that. If the WSJ had evidence to the contrary, they would produce it, because it would be one of the biggest scoops of the year. But there is no such evidence...."
http://dailybail.com/home/why-is-the-wall-st-journal-so-afraid-of-elizabeth-warren.html

ibid.

I-Man said...

Love volumes, huh?

Where's the LB when ya need him...

Anonymous said...

I-Bro,

try one of these:
http://www.coinbrowser.com/coin.php?cbno=0016661

esp. the "D"-Mintmark..

I hear tell that they're the 'Luckiest'.. :-P

:)

AAIP

standing in for lb said...

lube volumes?

karen said...

what a trick that was, I.. bull trap?

I-Man said...

Thats what I thought would happen last time, if anyones watching.

I-Man said...

How come you never bust that joke on me when I win, Mark?

:0

karen said...

I was, I. LOL

karen said...

ha ha, mark.. tho i am so slow it took me a second..

I-Man said...

And yes, that was a good trick... got the I.

I feel like my whole job revolves around not getting sucked into shit like that.

I-Man said...

Every time I see a move like that I imagine some Graybeard traders sitting around a desk somewhere laughing and slapping high fives... as my buystop triggers their short entry.

Just a part of da game.

karen said...

i will be livid if spy can't take out 129.20..

karen said...

this is reassuring- a known unknown: Japan nuclear site is still leaking radiation, but source unclear, IAEA says - Reuters http://reut.rs/eZrYbu

karen said...

You'd think so! Tokyo cancels World skating event http://bbc.in/gDd79i

Anonymous said...

I-Bro,

here's hoping that your 'Win Ratio' trends to 1.000...

or, alternatively, that your 'Trading Net' trends, ever, higher..
~~

tho, to your Q: "...How come you never bust that joke on me when I win...?"

hopefully, to serve as reminder of: "...my whole job revolves around not getting sucked into shit like that...", and similar..~

AAIP

karen said...

"I can just about cope with war: two sides fighting each other, some sort of order despite the madness. What terrifies me is chaos: the crowds of people panicking, cars getting in each others’ way, too many excited people with guns.

Yesterday, I watched a militiaman firing his light machine gun in the air. He lost control and almost took out a car at his checkpoint. Not cool."

http://robcrilly.wordpress.com/

I-Man said...

Touche...

ben22 said...

AAPL options interesting here, chart busted up, next near term support assuming we get the e-wave is around $315-320

karen said...

I'm all over that e-wave.. take a look at AMD.. couldn't hang on to 8.60..
then there is FCX.. so many bulls thinking they are buying a bottom buy 53 was broken and repelled two times! I'm just keeping my mouth shut.

Jennifer said...

Ben -- funny, I've already bought AAPL puts earlier today.

Jennifer said...

I'm back...anyone read Corey today? Interesting bit about TICK compression...wondering if it is a bad sign that we have drifted slightly lower with no real big TICK readings.

karen said...

Barton Biggs, Traxis Partners, on panic selling of Japanese stocks as a gross overreaction & his current view http://bloom.bg/dXfFPk

I was reading something this morning about how hedge funds had been long Japanese stocks from the previous lows.. only to be hit with the earthquake-tsunami-meltdown.. no wonder Buy Japan is every other headline..

karen said...

Jennifer.. I saw that.. but my eyes are glazing over at everything now..

I-Man said...

Light volume is making this more of a pain in the ass than it needs to be imo... so weird.

ben22 said...

Jennifer,

good luck, that could end up being a nice trade...Aprils?

Barton Biggs, just another person pretending Japans only problem is/was the quake, or the nuclear plants, last I checked, they'd been stuck in deflation and on the zero bound for two decades and they are still playing pretend, are these people trying to have us believe they were just about to come out of all that if not for this quake?

I think nah....and that Kyle Bass knows what he's talking about.

No matter, Barton Biggs has been getting schooled the last several years, I'd click the link but everything I've read from him since 2006 is trash.

I-Man said...

Aint talkin bout lube... my lube is rotten to the core.

ben22 said...

jennifer,

I'm curious....why don't you trade futures?

karen said...

ben, posted this video earlier.. you would like it. less than a min.. love the background music.. Inflation-Why it is not the 70s..

shows a 200 year US gov bond yields chart with each cycle breaking to new lows.

http://www.marketanthropology.com/p/video-of-week.html

ben22 said...

.....just like I told you before

befORE!

BEFORE!

guitar......

Bruce in Tennessee said...

Too great a day to spend indoors working. Time to go fly fishing...

Jennifer said...

Aprils...heck, we've got time, right? Plus, I'll probably have to sell by eod Friday...otherwise I won't have a fun trip.

Anonymous said...

http://finviz.com/quote.ashx?t=AAPL&ty=c&ta=1&p=d

finviz has this Chart painted w/ a 'Double Top' @~360 ..

seems correct..

also, yet, another Co. where 'Insiders' are Bailing Out..

ibid.

ben22 said...

Karen,

I almost slapped on my liederhosen after watching that vid.....looks like a giant head and shoulders on that chart doesn't it, and yeah....minimum target not met

I remain in the Hugh Hendry, Gary Shilling, Leftback camp on bonds. Think those guys have it correct. I might just differ a little on the view of junk bonds, I don't like to talk about other peoples junk though, thats for airports and such, or so I've heard.

I-Man said...

@ BnT

Bows, browns, or brookies?

Anonymous said...

this:
http://finance.yahoo.com/q/op?s=CTL&k=41.000000

on the Call side is great ex. of 'mis-priced' "Time"..

CTL ex-div. 2-16-011

ibid.

Jennifer said...

Ben, re futures, I've thought about it...but, here's the thing. I find that every time I try something new (timeframe, indicator, you name it) I lose money for a while as I figure it out. (Here's where you all tell me to papertrade.) I'm in a place where I don't want to spend a couple of months learning something new. I would need a new trading platform, I guess I could switch to TOS but I don't even have that loaded on my computer...and there's the big TICK we've been waiting for. Wrond direction.

I-Man said...

Short again... from 11962.

Bruce in Tennessee said...

Bows...

I-Man said...

Some biguns up there... Little River?

ben22 said...

Jennifer,

understandable and this is NOT the part where I tell you to papertrade. IMO, paper trading is find if you want to test out a mechanical system that is designed to take most, but not all, of the emotion out, otherwise my I think its useless...if you are just trying to trade without a system and you do so on paper, lets say using basic TA only, I claim you learn nothing about what happens when you really put money on the line, it's never the same on the emotional side and all great traders tell you the same thing, that you need to control your emotion....in which case paper trades dont' help.
losing money for a while with something new is normal, it's called tuition.

Main reason I asked you is because options are THE hardest thing to profit on, futures eliminates much of the uncertaintly of options and also get more favorable tax treatement.

If I were a home trader I'd keep all my "retirement money" in treasuries and would only trade futes.

Also, I would never advise TOS to trade on, I use it to chart because our company has no drawing tools but they have incorrect information all the time on TOS, I'd never feel safe trading there, if you wanted to really get into trading I'd go with TradeStation, but that's just my opinion.

have fun on that cruise.

Bruce in Tennessee said...

When I get caught up I will have to tell you what my brother lucked into....

Anyway, canoe down the Caney Fork next weekend for rainbows...but not today.

Jennifer said...

Thanks...I'll contemplate it over frou-frous...and making sure that the little guy doesn't fall overboard. Oh -- memo to current and future parents -- don't show children under the age of 10 the movie Titanic 2 weeks before you go on a cruise.

Slow Guy said...

why because there's nudity?

Jennifer said...

Yeah...that too. Lots of questions about steamy car scene.

Bruce in Tennessee said...

I wanted Lefty to be here to read this:

http://www.cbsnews.com/8301-504083_162-20045765-504083.html

(CBS/AP) SCRANTON, Pa. - Police in Scranton say they found over 50 bags of heroin, cash and loose change from a woman's vagina following a cavity search.


Karin Mackaliunas, 27, was detained last weekend following a crash, according to authorities. Scranton police say they found three bags of heroin in her jacket and after being taken to the police station she told investigators she had more hidden in her vagina.


A doctor performed a search and recovered 54 bags of heroin, 31 empty bags used to package heroin, prescription pills and $51.22


...and a roll of quarters..

Jennifer said...

No wonder Biden has nothing good to say about Scranton.

I-Man said...

Keep the change...

AmenRa said...

Damn. Heroin with a little extra kick.

Anonymous said...

and, peep think those vids, with the Donkey, are all 'special FX' ~!

Anonymous said...

Skipping Class: The Blind Side of the Duke-Michigan 'Uncle Tom' Debate
Dave Zirin | March 22, 2011
As college basketball's March Madness overwhelms the sports landscape, a war of words has escalated between the early 1990s alums of Michigan and Duke. In an ESPN documentary about the Fabulous Five Michigan freshmen who led the Wolverines to two title games, their point guard Jalen Rose invoked the phrase "Uncle Toms" [1] to describe the Blue Devil's African American players of that era. One of those players, Duke All-American and current Phoenix Sun Grant Hill, went public with a stiletto-sharp response in the New York Times. [2] Hill called upon his own family's history, weaving Black pride and Duke pride together calling Rose “pathetic” and writing, "My teammates at Duke—all of them, black and white—were a band of brothers who came together to play at the highest level for the best coach in basketball. I know most of the black players who preceded and followed me at Duke. They all contribute to our tradition of excellence.”

In the subsequent uproar, Rose has tried to explain that his statements reflect how he felt twenty years ago. He said it was born out of the envy he felt for the familial and financial security held by many of the Duke players and his resentment that Duke didn’t recruit him because he came from an impoverished single-parent home. That hasn't been nearly enough to chill the rage of many commentators...."
http://www.thenation.com/print/blog/159391/skipping-class-blind-side-duke-michigan-uncle-tom-debate

AAIP, also @ 15:31

Anonymous said...

Eric Eyre
Charleston Gazette

CHARLESTON, W.Va. -- The Clarksburg FBI complex is taking part in a $1 billion project that will enable law enforcement agencies to identify criminals and terrorists by physical characteristics more quickly and accurately, an FBI official said Monday in Charleston.

Earlier this month, the FBI center unveiled its "Next Generation Identification System," which will slowly replace an older system that can no longer handle the volume of fingerprints sent to Clarksburg.

"It's bigger, better, faster," said Stephen Morris, a deputy assistant director at the FBI Center. "It increases capacity and accuracy."

Morris spoke Monday at a Charleston Rotary Club luncheon at the Civic Center...."
http://www.activistpost.com/2011/03/fbi-center-takes-on-1-billion-id.html

ID# tattoo'ed on your Forearm, optional..

ibid.

ben22 said...

AAIP, 3:34

I saw the show, Rose did explain during it why he felt that way or I thought he made that clear, I imagine, if people were being real about it, lots of young black men that played college hoops have felt that way about Duke and their players.

Was probably the wrong thing to say, but Rose was simply expressing what he felt like as a young kid coming out of a tough area and playing basketball at Michigan.

Lots of people forget all these college stars are 17-19 years old, I was a complete idiot when I was that age, and I wasn't under anywhere near the pressure these kids are.

ben22 said...

ROR on the Scranton thing....maybe she can guest star on The Office.

All I can think of is....what's with the 22 cents?

Really?

wunsacon said...

>> They claim, for example, that the CFPB, under Warren's command, "is trying to extend its reach by extorting billions of dollars from private mortgage servicers, regulating their business by fiat, and stalling a U.S. housing market recovery."

The banksters' claims are funny on several levels:
- First, they are regulated "by fiat" -- by Tim Geithner and Ben Bernanke, who are shoveling them money every day. What these banksters don't want is for *anyone else* to get involved.

- Second, I can only hope that someone "extort[s] billions of dollars" from the banking sector, which has just recently extorted trillions from the rest of us Americans.

- Third, the people "stalling a U.S. housing market recovery" are Ben Bernanke, Tim Geithner, Obama, Larry Summers, most of the Dems and GOP, and the banks, too, who refuse to take writeoffs.

The FIRE industry is full of shit on so many levels.

karen said...

i suppose i might mention the BAC triangle again.. we are getting deeper into the apex..

karen said...

Portugal Government May Collapse Tomorrow on Austerity Vote, JPMorgan Says - Bloomberg http://t.co/Gxt

Jennifer said...

http://www.zerohedge.com/article/fukushima-update-reactor-1-core-now-380-celsius-80-more-normal-running-temporature

karen said...

upro has a bearish engulfing..

ben22 said...

btw, we could have all unplugged around 10 this morning and not missed much of anything

I doubt the boring lasts much longer.

I-Man said...

Well that was a whole lotta nuthin... good call Benji.

Bruce in Tennessee said...

I,

The mayfly hatch was for you.

Heading out to run.

Later bubbas

BinT

Anonymous said...

MackieFear,

I hear you re: Rose/FabFive v. Dook ..

the reaction to his statement is, just, more H****S*** from the 'PC'-Crowd--meant to stifle any honest attempt at Communication..
~~

this: "Lots of people forget all these college stars are 17-19 years old.." is, as well, too True (and, sad..)

ibid.

ben22 said...

off to some meetings, catch you all later

I suppose that close should keep everyone scratching their head until morning.

Jennifer said...

There's a shampoo for that.

Anonymous said...

http://finviz.com/quote.ashx?t=MAJC

gives new meaning to:

"Get a Piece of the Rock.."

ibid.

Jennifer said...

Back later for the corner...but the little man turns 4 today and we've got some celebrating to do.

karen said...

later, everyone..

ben franklin said...

what's with the 22 cents?

a penny saved is a penny earned

I-Man said...

guess I'm last out the door, check yall later

Anonymous said...

http://earthquake.usgs.gov/earthquakes/recenteqsww/Quakes/quakes_all.php

Andy T said...

I'm noticing that Apple stock has been exactly "lighting the world on fire" as has been the case for several years now.

Wonder if it has anything to do with the latest "Tablet" news coming from other competitors?

Maybe the "moat" is drying up...

wunsacon said...

Reggie Middleton would agree with you, Andy...

Me? I'm waiting for the jury to come back in before I announce a winner in the tablet wars. After all, I wouldn't want to risk my unblemished record of correctly forecasting the present.

Post a Comment

Disclosure/Warning

This blog should not be interpreted as investment advice of any kind. The authors are NOT representing themselves CTAs or CFAs or Investment/Trading Advisor of any kind. The authors may or may not trade in the markets discussed. The authors may hold positions opposite of what may by inferred by this blog.The information contained in this blog is taken from sources the authors believes to be reliable, but it is not guaranteed by the authors as to the accuracy or completeness thereof and is presented here for information purposes only. Commodity trading involves risk and is not for everyone.