Morning Audibles 4.1.10 - April Fools Day

"A FOOL and his money are soon parted" (Thomas Tusser - English Farmer/Writer, 1524-1580, who also said "Sweet April Showers do spring May flowers")...


Speaking of Fools (and April), here's how Wall St. works to make the logic of Tusser come true.


It starts with these two guys (shown here paying a visit to their sock puppet sugar daddy rich uncle). They then proceed to play version of 3 card monte [probably with tarot cards]. They bid up equity prices day in and day out, exchanging them between themselves. So as to not look so obvious doing it, they focus on "single digit midgets" (like C, AIG, FNM, FRE), or shares that are hanging around somebody's REPO shelf.


On the first 2-3 days of each month then, a big transfer occurs.


These MoMo's (money managers), appear to the masses to be hard working types, pouring over charts & analysis all month & interested in nothing more that YOU being able to retire in semi-luxury in that retirement McGolf community.



I always wanted to have this guy in my foursome...


Of course it was YOUR money that the MoMo's used for that transaction (the money YOU NEVER saw because it was whisked out of your paycheck, and into your 401k account for the Momo to distribute while he fancied himself being THIS GUY).




Instead, THIS GUY, just made "A million dollars"
Now OTOH, if you're a "trader" of this phenomenon, it's probably just best to wait until all these transactions have taken place, and if you're a market BEAR, that opportunity won't likely come until next Tuesday or so.




Any questions? You could perhaps refer them to Tusser, who also said, "Methesulah lived to be 969 years old. You boys & girls will see more in the next 50 years than Methesulah saw in his whole lifetime"... And Tusser said THAT in the 1500's...



227 comments:

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CV said...

I haven't even looked yet, but HOW MUCH DOES ANYONE WANT TO BET that the GE charts looks similar...?

AmenRa said...

from the desk of Timmaayy:

Nice job of getting the yields down. Feel free to abuse shorts for the rest of the day. Happy Easter.

karen said...

CV.. don't bother looking.. i did it for you.

DL said...

Lloyd Blankfein chosen as Person of the Year by the Financial Times


http://www.ft.com/cms/s/0/479ac4ba-eb32-11de-bc99-00144feab49a.html

CV said...

@karen

Would "identical divergence" be considered an OXYMORON?

karen said...

Bradley Willet, What isn't manipulated?

karen said...

and do read March Madness from the Contrary Investor.

CV said...

Without the "k-doll" reference... I'd like to reiterate this comment on THIS SIDE of the 200 barrier:

---

But CV sees the following staring us STRAIGHT IN THE FACE...


3 month BILL - $28 billion - April 5th
6 month BILL - $29 billion - April 5th
52 week BILL - $26 billion - April 6th
3y note - $40 billion - April 6th
10y note - $21 billion - April 7th
10y TIPS - $18 billion - April 5th
30y - $13 billion - April 8th


$100 billion in BILLS (in January), and the way they were taken down then was VERY SLOPPY for equities in the aftermath...

Don't ever forget that New York is Chicago's B-I-T-C-H...

---

Cv only says these things because LB is playing golf...

McFearless said...

Metals dept of DD is good right now, auto related and ag business are terrible according to clients. They are also floating the 10 mandatory days off again this summer without pay, just like last year.

Screw the recent chart on DD, I think that is a company that is a decent measure of the overall economy, so look at it the last decade....enough said.

CV said...

@karen

(March Madness)

Answer to their question... "Why hasn't money supply expanded?"

Because the FED ISN'T expanding the MONEY SUPPLY...

Instead, it's expanding the DEBT BALANCE...

In terms "Joe HELOC" can understand... You can now do a "cash out REFI for 125% of your underwater home"...

---

If I were Joe HELOC... I'd use the money to open up a gas station...

DL said...

Speakin' 'o which, who's doing THE BOND REPORT today?

CV said...

@McF (3:27)

MORE than perfect analogy...

Hell... For them, P1 started in the LTCM days...

"Do you want a BELLWEATHER to go along with those fries?"...?

CV said...

@DL (3:31)

LB's caddy...

Bruce in Tennessee said...

http://medgadget.com/archives/2006/04/the_buzzaire_ca_1.html

This is what you need, CV, when there is no time for coffee....

CV said...

People...

I know it just has the appearance of being MARGINAL at this point...

But look at the indices 20 minutes into the close...

DOW & S&P marginally green/ Q's marginally RED...

Beginning of quarter? BUCKY's going to FLY next week!

CV said...

@Bruce

Thanks for that... But I'm more the "Rooster Cogburn" type... I'll drink my coffee (black) from a tin cup...

BTW - Did you know that the Coen Bros ("No Country for Old Men"/ "The Big Lebowski") are doing a REMAKE of "True Grit" this year?

Jeff Bridges is going to play the "John Wayne" role of ROOSTER COGBURN, and Matt Damon is playing the "Glen Campbell" of LE BOEUF...

Barry Pepper is going to do the "Lucky Ned Pepper" role played by Robert DuVall...

CV is REALLY LOOKING FORWARD to this coming out...

AmenRa said...

76.4% x 666.79 = 1176.22
That is all.

DL said...

AR @ 3:56

Think you mean 1.764.

AmenRa said...

Weekly 3LB reversal is now 1149.99

I-Man said...

Right where it should be from my perch.

AmenRa said...

DL

Forgot to add "an increase"

karen said...

new closing highs in all but $compq, $rut, and $bkx i guess.

CV said...

Cv's "DAILY WRAP" is that leftback is the smartest cat in the house (because he had the ultimate wisdom to PLAY GOLF today)...

But to put a "period on the end of the sentence"...

- DL (nice trade/cover there today... ENJOY)
- Nic (BRIDGET is the "official mascot")
- karen (hang strong)
- I-Man (one love)
- Doc (I take it black)
- LB (I think it breaks about a ball and a half to the right)
- Lloyd (sell 'em)
- Barry (I really don't care WTF you do... Happy, um, "easter egg" hunting)
- McF (keep the logic coming)
- Amen (do a REAL WRAP, instead of this BS)...

CV is off to the farm...

"80 degreez when I tell that ***** pleeze, raise up off these ***'*, 'cause u gets none of theeze... AT ease! When you're bobbin' with the dog pound FEEL THE BREEZE"

...and I'll be...

I-Man said...

Beeatch I'm just...

McFearless said...

rollin down the street?

I-Man said...

Smokin indo...

I-Man said...

I-Man will be absent tomorrow, as he will be out on the Mighty Columbia, in search of the majestic Columbia River Spring Chinook, the most prized and sought-after of all our salmon.

Wish I luck- hope to have some chrome in the avatar upon my return...

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