Sunday Afternoon Post: Week Ahead Look

Afternoon All,

Some quick looks at Dollar, Gold and the S&P 500.  If you put a "gun to my head" I would say the Dollar, Gold and the S&P500 will finish down on the week.  The DXY looks headed lower already while Gold and the S&P500 are both heading into nice classical resistance zones.

Market Commentary 26Feb12


Addendum:

I read an interesting story about a fellow who successfully recreated the experience of 17th Century monks who would fast during lent on a diet consisting of only Dopplebock beer.  This guy came up with the recipe for "liquid bread" and fasted for 46 days....

My Faith:  What I Learned from my 46-Day Beer Only Fast

77 comments:

Homer Simpson said...

mmmmmmmmmmmmmmmm.......BEER

b22 said...

@CV,
I don't really run anymore, not since the ACL/meniscus tear in 05', if I ever tried to train like I used to I my knee couldn't take it

used to do a ton of middle distance, half mile/mile, and also ran XC. Used to do a lot of 10k's in the summer. Some of my results are on the web but I'd rather not link as they'll have my full name. Typically was in the mid 30's on the 10k's, maybe 33 minutes or so was my best, but thats also when I weighed about 165.

anyway, sub 50 "for the fun of it" in the quarter still gets you a medal at the state meet in PA, even for the big schools, vast majority of people could never dream of running it that fast, especially if they don't train for it.

scroll to the bottom you can see last years state results for the open 400

shout out to my boy Smathers from my hometown, took second in the mile last year for AA, 4:18. He should win it this year....and next year.

http://pa.milesplit.com/meets/81867/results/161733

Andy T said...

33 min would be pretty solid for a 10k. i think 30.5 min won it yday...

there seems to be a direct correlation between weight and how fast one can run... who could've known? heh heh.

Good stuff.

As an aside about shoes/knees:

my knees starting giving me fits a few weeks ago...went to this boutique-y running store. They explained to me that a running shoe loses it's effectiveness between 300-400 miles. Maybe that's bullshit ... maybe they're just trying to sell more shoes, but these guys fitted me out with some Brooks running shoes and I felt friggin' awesome yday.

That's my first pair of Brooks. I like them better than ASICS. Just one man's opinion...

CV said...

@ben

Oddly my best time run for a quarter was a "split time" in a mile relay on an indoor track (so it was 2 laps for a quarter) at a state indoor track meet (at the USNA)... My split time was 48.7 but I don't know really how you calculate it out & compare it to a straight 440...

It was a funny day (evening)...

I was "supposed" to run in the 1000 yard run (which I friggin hated & I was also qualified inb the 600)...

I knew I didn't stand a chance in either one of those, so I just dogged them & went in and filled in for the mile relay (where we medaled)...

CV said...

I think there are some faster dudes around Washington DC area than up in PA...

CV said...

I played baseball so I never practiced with the outdoor track team... I decided to just show up at meets one year just to earn enough points for a varsity letter)...

All my running was indoor track... We basically ran around the high school corridor (which was quadrangular involving 4 90 degree angle blind turns)... It was a joke... Many unexpected 'collisions'... Surprising nobody got killed...

CV said...

@ben

You got my curiosity up so I checked last years results of the Maryland State HS track championships from last year...

sub 50 got you around the top 6 (but no medal)...

There was always a HUGE congestion of bodies right at the 50 second mark... It was a strange race in that you had to be "feeling it"...

I actually think I had success in it because that's all I really did was show up & run one race... Many other entrants also ran the 220 & 880 & relays...

I triple jumped (sometimes) on the side, but that was about it...

Anyway ~ there's never much change in 400 meter times... Michael Johnson broke & re-broke the record several times between 1996 - 1999, but nothing new since...

& even before that the record hadn't been broken for a long time...

It's not so much speed that gives you good times in the quarter, it's more willpower... I literally coughed blood out out my lungs a couple of times after races... That's why I didn't like running very much...

AmenRa said...

Weekly 3LB Update 2/24/12

AmenRa said...

http://www.reuters.com/article/2012/02/09/pharmaceuticals-europe-idUSL5E8D99IY20120209
Pharma's unpaid European debts approaching $20 bln

http://www.zerohedge.com/contributed/pigs-drugs
On PIGS on Drugs

CV said...

...speaking of 'times'...

RG3 ran a 4.38 at the combine...

b22 said...

CV,

State by state in any year you get better runners in various events. I remember when I was in high school there were several kids in the state of Washington that were consistently running the 3,200 in the high 8 min range, and there was basically nobody else in the whole country that was breaking 9 minutes on the regular at that time. California and Texas are always loaded in most events, which I'm sure is no surprise.

The 400 is one of those strange events for high school because you get a lot of kids that either do the sprints or what I did that run multiple races, for some reason its way more common to see an 800/mile runner or a 100/200 runner than it is a 400/800 runner. At least it seems that way to me.

This guy has been the man for the most part the last several years:

http://www.jeremywariner.com/index.html

Triple jump is a real cool event as well, hard one to master.

Usain Bolt's Brother said...

"Anyway ~ there's never much change in 400 meter times... Michael Johnson broke & re-broke the record several times between 1996 - 1999, but nothing new since..."

Until Usain Bolt gets tired of destroying the 100 and 200...

Andy T said...

Got 13 "burb moms" in the hizzie tonight...Oscar Party night...they get all dressed up for it....so that's sort of cool.

Can't wait to hear from all the Oscar Winners how "courageous" everyone is...to be doing this heroic work.

CV said...

I sure wouldn't bet money AGAINST it...

CV said...

@Andy

as usual... We want to hear your wife's selections...

BEFORE the show (preferably)... :-)

CV said...

@ben

all you said there (6:16) was very true (even back in the day)...

The 100/200 guys ran the other legs of the mile relay with me...

I only 'triple jumped' because it was a soft spot on our team (and could enter in it as a '2nd guy' from our team and sometimes steal a point in head to head meets)...

If it was a county or a district meet I had NO CHANCE in the triple jump...

I high jumped too (but only in indoor track meets (never in outdoor)... I could dunk a volleyball in high school (not a basketball because though because I couldn't PALM it & needed two hands ~ it's not like I was doing any Blake Griffin kind of stuff, it was more like I could barely get it over the rim if I held the volleyball way in the tip of my fingers ~ lol)...

CV said...

Poor man's Bruce Jenner ~ lol

Andy T said...

@CV.

Wife's Picks

Best Picture: "The Artist"
Best Director: Michel Hazanavicius, "The Artist"
Best Actor: Jean Dujardin, "The Artist"
Best Actress: Viola Davis, "The Help"
Best Supporting Actor: Christopher Plummer, "Beginners"
Best Supporting Actress: Octavia Spencer, "The Help"

cv said...

@Andy

LOL ~ Same as last year... we picked all the same ones EXCEPT DIRECTOR...

I think it's between Hazanavicius & Martin Scorcese there (but I'm going to lean towards Scorcese)... She may be right this time...

b22 said...

"Can't wait to hear from all the Oscar Winners how "courageous" everyone is...to be doing this heroic work."

no doubt, just sat down to watch this, so much courage every year.....lol

homo says what? said...

talking about the Oscar's? What a bunch of fags...especially CV.

Andy T said...

@home says what?

That's right bro. Just a bunch of fags here....

bwahahhahahaha.

QQQQ said...

Can't get the Oscars here on the big island... and I wanted to watch it, oh well. And as a sidenote... I'm not gay, but my boyfriend is... hehe

thx for the charts RaAT

anyone find out why bank assets went ballistic last QTR?

AmenRa said...

http://www.telegraph.co.uk/news/politics/9107485/Osborne-UK-has-run-out-of-money.html
Osborne: UK has run out of money

cv said...

@Andy

Tell your wife "congrats"... She's the new title holder...

5 out of 6... not bad...

@QQQQ ~ lol

~~~~~

OK, diversion over (back to charts)... Unless anyone wants to talk about the Daytona 500 instead of the S&P 500 to prove how butch we are... :-)

cv said...

Next year ought to be easier "picks" wise because not only is there a movie about space nazis ho have been living on the dark side of the moon and are about to invade earth to kill more jews (I KID YOU NOT)...

http://www.youtube.com/watch?v=cshPn6uF-tU&feature=fvst

Plus, a ZOMBIE APOCALYPSE movie starring Brad Pitt that opens on 12/21/12 (I kid you not either)...

cv said...

Oh the humanity!

http://bostonherald.com/news/regional/view/20220225lawyer_lesbians_assault_on_gay_man_cant_be_hate_crime/srvc=home%26position=2

AmenRa said...

This was not the open the bulls were hoping for.

AmenRa said...

Another NAR fabrication to boost markets. Dallas Fed Mfg 17.3 beating expectations.

BinT said...

"OK, diversion over (back to charts)... Unless anyone wants to talk about the Daytona 500 instead of the S&P 500 to prove how butch we are... :-)"

???

What did you think of the red dress with the bow?

AmenRa said...

European market about to close. Expect the US market to push higher as traders run away from the EU for safety.

cv said...

I think the color matched the crude oil chart for today very well...

But the bow was a little "frilly"

AmenRa said...

It's so f'in obvious that they want to take out the May 2011 high. Geezus.

cv said...

You mean the day that Obama (cough cough)... 'killed' Bin Laden (& thus made the world a safer place)?

b22 said...

I love when "real men" post as anonymous when making critical statements

your balls must be huge anon and probably also made of steel

anyway, off for my mani/pedi

bitchez......


bwahahahahaha

AmenRa said...

10yr yield not in agreement with the markets bullishness.

AmenRa said...

The SPX touched the top of the backboard. Now what?

cv said...

David Thompson used to be able to snatch a quarter off the top of the backboard (& leave some change)...

cv said...

http://theolist.blogspot.com/2009/03/all-time-starting-five-nc-state.html

AmenRa said...

Sarah Eisen is making Bloomberg worth watching. Just sayin'

Andy T said...

Why does Buffett annoy me so much????

Love this folksy grandpa type....

"I'd buy a couple hundred thousand single family homes..."

You think this guy is talking his book a little there?

Yo Warren, you already own the largest home manufacturer in the U.S....Clayton Williams.

"C'mon Man!"

Andy T said...

joe kernan can be sort of douchey...but he sort of pinned Uncle Warren down....

"What should the tax be on investments then?"

Warren B. never really answered his question...
only said "I would pay more."

Thanks Warren.

cv said...

http://news.yahoo.com/blogs/trending-now/banker-insulting-tip-incites-class-warfare-between-1-164624882.html

AmenRa said...

CV

He should be careful. Actions like that could lead to DBW.

cv said...

It was Newport Beach, Ca...

So my first thought was Bill Gross... or 'el-Rastafarian'

AmenRa said...

Maybe the reason Buffett dislikes gold is that Berkshire Hathaway is 62.19% off its high in January 2002 when valued in gold.

Jan 2002 180.04
Feb 2012 68.08

b22 said...

Ra,

I think WB (and I'm certainly no fan boy) laid out pretty well why he doesn't buy gold, here's a summary:

http://kiddynamitesworld.com/buffett-waxes-poetic-on-gold-and-other-asset-classes/


"Buffett then gets into his old analogy about how all the gold in existence would fit into a big useless 68 foot cube, and instead of buying that big useless cube you could buy:

“all U.S. cropland (400 million acres with output of about $200 billion annually), plus 16 Exxon Mobils (the world’s most profitable company, one earning more than $40 billion annually). After these purchases, we would have about $1 trillion left over for walking-around money.”

He can’t fathom how an investor could chose the cube over the other portfolio of productive assets. Then he points out this reality:

“Beyond the staggering valuation given the existing stock of gold, current prices make today’s annual production of gold command about $160 billion. Buyers — whether jewelry and industrial users, frightened individuals, or speculators — must continually absorb this additional supply to merely maintain an equilibrium at present prices.”

I would guess even CV would have to lean with Buffett here.....if you had enough money, why wouldn't you buy up all the US cropland instead of all the gold?

This is to say nothing of the 16 XOM's you could buy (and still have cash leftover)

AmenRa said...

ben

I read some of the summaries of his letter where that was stated. I do understand that view. He doesn't view gold as a productive asset. That's all well and good if the dollar avoids hyperinflation. If it doesn't then you won't be able to buy any cropland unless you have gold.

AmenRa said...

It's only notional outstanding if the counterparty doesn't end up bankrupt. Then it's gross.

AmenRa said...

Actually Brk.A/Gold is down 64.5% using the Jun 1998 high of 191.61.

b22 said...

Ra,

whether you agree with it or not, and I'm mixed about it, Buffett addresses that issue as well as investor has to presently decide what to do, here:

“Whether the currency a century from now is based on gold, seashells, shark teeth, or a piece of paper (as today), people will be willing to exchange a couple of minutes of their daily labor for a Coca-Cola or some See’s peanut brittle. In the future the U.S. population will move more goods, consume more food, and require more living space than it does now. People will forever exchange what they produce for what others produce.”

So, his point is basically if you buy productive assets now, in the very long run it doesn't really matter what the currency is, if the $ goes through hyperinflation, etc, so long as you own a productive asset peole will exchange something for what you have/provide.

today there is zero evidence that hyperinflation is near, but if you thought it was, you can still exchange your dollars for other productive assets, buffett thinks thats a better bet than gold, and I have very hard time disagreeing with him on the basic point here.

Anonymous said...

16 XOM (s)

yeah, that's possible..

I'm not a fan of 'ol' Uncie', personally, I think he's a Fraud..

but, "Investing" is about ~"What is possible?", no?

why would the idea of "16 XOM(s)" even be discussed..

in that possible Universe, XOM would, probably, be losing 'money'..

anyway,

ibid.

b22 said...

"Actually Brk.A/Gold is down 64.5% using the Jun 1998 high of 191.61"

guess then that BRK has done far better than your average stock....pretty sure S&P is down way more than that when measured in gold over the same period

buffett is such a good picker of businesses after all, see how efficient markets are!

b22 said...

ibid,

its not possible for one person to buy all the cropland in the US....but that wasn't really the point right?

The point is about where any individual best puts their capital.

So do you buy a farm, 1,000 shares of XOM, or however many ounces of gold that currently buys you.

Instead of focusing on the dollar amounts its about the concept

I can't figure out a way to say he's wrong

b22 said...

and for the record, I can't stand Buffett

I guess what I'm saying is, if someone offered me a literal ton of gold, or a productive farm with crops/animals

I'd take the farm, hands down.

b22 said...

and I think he was just doing a hypo with XOM

saying if you purchased all the known gold in the world it would cost you X

with the same exact amount of "money"...so dollars

you could also buy

1. All us cropland
2. 16 XOM's
3. And still have 1 trillion left over for "walking around money"

I suppose you could also buy a metric ton of derivatives, or open a pretty sicko futures account

cv said...

@ben

I would guess even CV would have to lean with Buffett here.....if you had enough money, why wouldn't you buy up all the US cropland instead of all the gold?

~~~~~

No fucking way... (no harsh words here... just 'chillin it' as usual taking the other side of the argument over a beer)...

To PART 1...

I don't listen to ANYTHING that Buffett says, because (lol ~ & I'm sure you could agree with THIS because you've used the argument against me)...

He's talking his fucking book... OK, granted, he has some RR's (thanks to the fact that he's a 'statist' whore), but if FIAT ever blew up, his paper asset wealth would get obliterated...

Of course he's going to take the "other side" of gold any day of the week...

PART 2

Where are his "cropland" holdings???

Cropland holdings are a CANARD (unless you also invest in a full military to defend them... Even with that, if TSHTF, there are plenty of ICBM's to go around to pretty much make "cropland" useless... (but don't ask Bruce ~ cause he's still in the "whuppin' stick" business)...

NOTHING is fail safe... But If I had Buffett's kind of dough I'd probably fucking buy the Falkland Islands or something (or any, remote, off the map place that was defensible)...

Barring that... You're just going to be a dick like Buffett, hope for the best, & go down with the ship if it happens before you die otherwise...

cv said...

Buffett's ENTIRE argument is based on the notion that fiat will never collapse...

That's where it fails...

cv said...

Because as the system is constructed...

If FIAT fails... so do LAWS...

When laws fail... large scale/commercial land ownership doesn't mean jack shit...

You'd be better off keeping a low profile until all the dust settled... Hoarde all your assets... Then come out when it was safe to do so...

Y'all think too much about P/L... Hardly anyone thinks about 'survival'...

b22 said...

CV,
in this case I don't think buffett is talking his book, again, I don't like the guy, but this is a valid discussion on how and where people place capital....lets just pretend I made those comments and not buffett


now, suppose I agree with you (and I do) there that farmland could really work out badly for you given some circumstances:

but how is gold any different then?

like this:

if you owned all the gold in the world, unless you also invested in a military to defend it, you'd probably lose it all in the event of total choas, and it could even be worthless in such an event

now if you say: well I'm not saying to own all the gold, I'm saying no plan is foolproof and so you should "diversify" but WB already did that, hence buying farmland/other productive assets/and carrying around "money"...whatever money is at X period of time

also, regarding the fiat comment, buffett is talking about being an "owner" here and not in the sense that you own a part of XOM because you own a few shares but owning an actual business that you collect from

don't get stuck on buying XOM, none of us have enough money to buy the company, focus on the idea of buying a productive asset..whatever productive asset we want to talk about, in which case, the currency being exchanged doesn't matter so long as the things your productive asset produces are in demand

b22 said...

"Buffett's ENTIRE argument is based on the notion that fiat will never collapse.."

I disagree with that, its not the case at all, he even makes a point early in this convo to discuss how risky the dollar actually is

he knows that of course....but again, if we were trading space rocks....his theory is that people will still trade a space rock or 5 for a can of Coke, and if he owns coke, the business, then he gets more space rocks

b22 said...

"Y'all think too much about P/L... Hardly anyone thinks about 'survival'"

Well, I would also say that this is not a conversation about survival, but at the same time buffett is also not talking about profits and losses, its got nothing to do with that....

income stream, gold doesn't and never can provide one....

b22 said...

I have to go into a mtg for a bit, will check back in later

I've been thinking non-stop about this for several weeks now and I just can't find the compelling argument agains what WB says

the common stance against WB at KD's also involved a discussion on hyperinflation

cv said...

@ben

We could go on endlessly discussing the nuances on that...

Look ~ I think you made some valid points... But I think the KEY is as follows...

I tend to go by a BOTTOM UP strategy while I think you tend to work from a TOP DOWN strategy...

IOW ~ Have you ever played that Microsoft game "AGE OF EMPIRES"?... You literally start with one dude, an axe, a mudhut, & some resources around you... THAT'S ME...

Others, instead, "inherit" an already abundant civilization, and try to keep it from going to shit...

The truth is somewhere in the middle...

cv said...

income stream, gold doesn't and never can provide one...

Au contraire mon frere...

The US Federal Reserve started with a gold backing...

You're gooing to tell me now that "Rothschild's & Co." don't have an "income stream" as we speak...?

Anonymous said...

this: "...So do you buy a farm, 1,000 shares of XOM, or however many ounces of gold that currently buys you..."

would have been a much more 'fruitful' "starting point"..

and, really, I think cv--'s 'starting point' is one that many more 'peep' should consider..

too few have any idea of how 'fragile' our 'Economy', really, is..

and, to WB's 'point', "Paper" isn't a productive asset...

and, further, there's a Huge delta between 'owning'/'controlling' a "Controlling Interest", in a Business, and 'owning' a few hundred Shares..

People would be, waay, better off, if they 'invested' in keeping their Costs down/being able to Produce, at least, some of their 'necessities'..

and, that's in a 'Sistema' that is similar to the 'current state'..

if, Fiat=0, Rule of Law=0, then 'strap it on tight', that's a, whole, different, "Rodeo"..~

AAIP

cv said...

@ben22

The main reason I 'dispute' anything Buffett says, or is all about is this...

Look at his history...

Sure ~ he made some 'good ol fashioned' investments early on... But he REALLY didn't start skyrocketing to wealth & fame until the stock market really got the GREEN & GO in 1982 (after a 16 year period of being in the dumpster & suffering phases of unemployment & inflation largely caused by the TRIPLE WHAMMY of):

- unpayable Vietnam war debts (which led to)
- Nixon re-niging on Bretton Woods (which led to)
- Arab oil embargo

Volcker gets credit for 'putting the inflation genie back in the bag' BUT THAT'S A LOT OF BULLSHIT...

The bottom line is that Ronald Reagan's advisors just said "damn it all to hell" & cranked up the printing presses (on the MIC)...

It 'sounded' good at the time to peeps who were tired of inflation & unemployment... From Nixon'e inaguration to Reagan's first term in office, we went from being a 'creditor' nation to a 'debtor' nation (& we became energy dependent in the process)...

There's NO REMEDY for that...

- The Reagan 'bubble' lasted a whole decade
- Clinton was just a douchebag that had the unmitigated luck to have the INTERNET born on his watch (& while 'baby boomers' were at the zenith of their wage earning capacity)
- The bubble burst in 2000 (Prechter is CORRECT)
- Since then there have been two large, FAILED, re-flation magic tricks... Housing bubble, then, bailout bubble...
- both made it worse (in exponential ways)

So... MY MAN BUFFETT... is still swimming in the water where the tide has not gone out yet...

I'm guessing HE'S the one not wearing a bathing suit (because ALL of what he is is from 1982-2012)...

Anonymous said...

- Clinton was just a douchebag that had the unmitigated luck to have the INTERNET born on his watch (& while 'baby boomers' were at the zenith of their wage earning capacity)

it's 'worse, that that' w/ ol' Billy Boy...

dude, also signed up to NAFTA/WTO/China MFN, as well..

so, 'He' got the 'Credit' that came from selling out the Manufacturing Sector (that, which was left, that), miraculously, survived Volker's 'treatment')

ibid.

cv said...

@AAIP

Yeah, you're very right...

I was just going easy on him...

Well in any case, his 'wife' (cough, cough)... will probably be up for the World Bank spot at some point... (& his daughter is in with the squid)...

Can't say he's DUMB, I suppose...

Just another in a long line of political whores...

Anonymous said...

yes, Billy Boy is far from 'Dumb'..

but, a pro-Ho, no doubt..

ibid.

Anonymous said...

"Some of the biggest men in the United States, in the field of commerce and manufacturing, are afraid of somebody, are afraid of something. They know that there is a power somewhere, so organized, so subtle, so watchful, so interlocked, so pervasive, that they had better not speak above their breath when they speak in condemnation of it." -- Woodrow Wilson

b22 said...

I just got home, gotta eat some dinner but this

"would have been a much more 'fruitful' "starting point".."

fair, but then, I gave you guys the link above, I can't force you to read it

;-)

b22 said...

AAIP,

very good point, owning a few hundred shares and owning a company aren't the same, anyone thats ever been to a shareholder meeting learned that pretty fast

Buffett likely just said "16 XOM's" because he was saying if you had enough money to buy all the gold in the world then what could you buy instead and would you be better off? I still can't disagree with him.

on the individual level we would all ask the same thing, just smaller dollar amounts, and so as I was saying above its not unreasonable to say a regular person could accumulate 500 ounces of gold or 10 acres of productive land.....and I'd have to lean toward that land, all things considered.

totally fair to say thats not foolproof because nothing is, but just from a comparison perspective you likely have a higher probability of doing better over time with that land it would seem

CV,

this

"You're gooing to tell me now that "Rothschild's & Co." don't have an "income stream" as we speak...?"

What? if you are implying they get "income" through the banking business fine but thats not to do with the gold standard or more specifically from gold itself, obviously since they still get profits and we haven't been on one (a gold standard) for decades

gold doesn't create any income
gold doesn't pay dividends

as buffett said in the letter, you could fondle gold...but its not going to respond to you

unless there is some usage for gold we don't know about yet, its not going to ever be a "productive asset" by itself

I'm not getting rid of all my gold now but his points are pretty compelling.

Anonymous said...

"...as buffett said in the letter, you could fondle gold...but its not going to respond to you..."

ol' WB should 'get out more'..

if he's looking to get 'fondled', "Gold Jewelry" is decent bait to find something that'll do that for him..(no?)

ibid.

b22 said...

oh I thought that hilarious

something some crusty old man would say for sure

I'm pretty sure Becky Quick has that department covered for him

Anonymous said...

2/26/12
by Linh Dinh

Americans are living on borrowed time, economically. Like air conditioners, copper pipes and aluminum siding of a foreclosed home, what remains of our prosperity will be violently stripped away. There is no economic recovery because the foundations for such are simply not there. Jobs still leave the country, and the only way we can compete with foreign slaves is to become slaves ourselves, and don’t think for a moment that this isn’t by design.

We fancy ourselves indebted middle-class, but this mirage is quickly evaporating. Most of us are indebted slaves. Banks conjure money out of thin air to enslave most of us for life. We must go into debt to buy a house, a car or go to school. Many of us go into debt just to eat. Like you, you and you, I will carry my shitty credit score to a mass paupers’ grave, with my hearse a U-Haul. There is a renewed emphasis on going to college as a means to success, but in this economy, a degree will likely only impoverish you further, since you will be in hock to the banksters even as you work a job completely unrelated to your dubious education. If you can even get a job, that is. Joining winos and bag ladies with smudgy and off-target makeup will be legions of useless scholars.

Still, there are perks to being house slaves of the empire, since even homeless Americans sport brand name shoes, and our poor are generally the most obese, meaning they have enough to eat, even if what they’re ingesting may shorten their lives by decades. We are unique in having thousands of fat people moving about on so-called mobility scooters, though their only handicap is overeating. Some of our grossest even star on TV, where they can sob in self-pity while competing to lose tonnage...."
http://12160.info/profiles/blogs/missing-foundations?xg_source=activity

that I've Never heard WB mention Anything like this...

ibid.

BinT said...

CV:

Only a TROLL writes like YOU do, with only ONE point of view, and SCORN for those who've been more successful, TRADING-WISE.

Can YOU please get OFF your one-trick PONY?

Good GOD man, YOU are as lame as the OLD buy-AND-hold BROKERS!

AND lose the SHIFT key!

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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.