There's no getting around me saying this right now, so I'm just going to say it and get it over with (then, hopefully never talk about it again)... The futures are pointing, um, "North"... Of course that idea helps some and hurts others (depending on how you're positioned, I suppose)... CV keeps waking up and try to find SOMETHING, ANYTHING, that would shock equity markets back to their senses, but we seem to be stuck in an endless cycle of "Lather, Rinse, Repeat" (and frankly, there ain't much RINSING going on - as the case may be).
Here we are on ANOTHER Friday. This weeks "rinsing" came at the hand of MOMO Mondays, followed by some lukewarm bill & bond auctions, all under the cloud of Greek bailouts, and central bank chairmen flapping their gums. Yet here we are poised to end the week with the 6th straight WEEKLY green candle (& the 8th out of the last 9)... Such a string of weeks (6 straight) has not been achieved since the first six weeks off the March '09 lows... What makes it difficult for BEARS (if there are any), is that for almost the entire year they've been conditioned to see "short covering" on Fridays in anticipation of "Melt-Up Monday"... I'm DEFINITELY not making the case that it will happen again here, but there are Pavlov's, & there are dogs... If you happen to be the latter, chances are that one day you envision yourself having this conversation with your friends, but today may not be that day. Creepy that Pavlov bears a striking resemblance to Bernanke!
If you've been reading the comment section of this blog the past week, you might recall various "psychological" and/or "technical" numbers being tossed out... DOW 11,000, SPX 1200; plus some more technically oriented numbers like the 1220 range on the S&P... Keep in mind that even the HIGHER numbers are only around 3% away from where we are right now... Markets can move 3% INTRADAY on euphoria... They can also sell off to the same degrees on panic... It seems the RomAmericans like their Gladiator Games to be more spectacular as time progresses, so it appears that TPTB seem content to drive us headlong into what will end up being an increasingly more spectacular crash... Have fun while it lasts!... And you know what I say? Don't even bother to stow your tray table in the upright position for landing... Live life on the edge!... Do you really think stowing your tray table is all that important as the "wizard" engineers his SOFT LANDING?
Or, if all this bothers you? Just go check out to see what Tiger is doing.
Look! Tiger is in contention! Let the cussing & club throwing begin!
First!
ReplyDeleteOK, that was silly. I am bored.
ReplyDelete2nd
ReplyDeletePoulter and Westwood up there at the Masters.
ReplyDeleteNot that I am cheerleading.
In any way.
Shape.
Or form.
I have pouty lips, ya know.
ReplyDeleteYew got nuthing....
ReplyDeleteCNBC viewing has plummeted faster than my necklines since Oi returned Down Under.
Can we just let the Dow thingy hit 11,000 and then sell this sucka? It's only 20 more points and then they can pull the plug.
ReplyDelete7th
ReplyDeletehttp://www.marketwatch.com/story/deflation-may-be-the-real-enemy-2010-04-09
I love the tag at the end "...views expressed are his own". i.e. us in the MSM, especially here at MW, think this guy is on crack - quick, buy copper!
odd for the indices to keep tapping these upper boundaries without breaking thru.. unless, unless..
ReplyDeletei'm up in Newport Beach today... need office space?
ReplyDeleteeven Crunch Gym is on discount at gilt.com.. UFB
ReplyDeleteUnless what Karen?
ReplyDelete:)
Deflation is entirely too difficult for J6P to understand, plus he has no life experience of it, unlike the stagflation of the 1970s.
ReplyDeleteEven for the educated segment of the population, deflation is just some abstract thing the weird guy down the corridor talks about. You know, the one who won't bank at Citi or Chase. The one who didn't join the boys at the golf outing sponsored by Schwab - you know the one where we all met Tawny, and she introduced us to Brian.
The one who didn't lose money in the Crash. The one who reads those wack-job web sites.
The guy no-one likes. Except for the hot girl with the glasses in accounts.
I-Man, unless that parade of elephants in the room is being noticed.. the only thing i can't see is which one is the largest.
ReplyDeleteLOL LB, er, I mean JR.
ReplyDeleteElephant???
ReplyDeleteWhat elephant?!
I want 3 closes of GS over 180 before I give up.
ReplyDelete@karen
ReplyDeleteQuick... someone let a little mouse loose!
Go on now, just show me what you want so I can then steal it from you...
ReplyDeleteGo on...
Thats just how the game is played.
All the elephants I seearound asset classes these days are WHITE in color...
ReplyDeleteThis is a FALDO DAY at the Masters. Just grind out pars, all day long. FRIDAY at Augusta is about not LOSING the tournament.
ReplyDeleteKeep the big numbers off the card. These are often the toughest pins of the week, and there's not a huge amount of roll out there.
Control your ball and stay dry.
Bond traderzzzzz are clearly following golf.
ReplyDeleteI-Man @ 10:56
ReplyDeleteTxs. Had a fast gain and sold it. Not waiting for Monday after all.
BR is highlighting The Banks as well. Not quite repo 105, CV..
ReplyDeleteDL is MONEY. Fast Money.
ReplyDeleteDL, was thinking about you this morning! Thot you would! You've been too clever by half. I have longs, too, by the way, they are just fundamentally sound so they haven't been bid up.. not funny.
ReplyDeleteKaren, dividend stocks are the ULTRA-LAGGARDS.
ReplyDeleteWhy? No shorts to squeeze.. simple, innit?
Pure robo-trading today. Kiss Dow 11K and get it over with.
Karen @ 12:48
ReplyDelete"DL, was thinking about you this morning".
Just be glad I'm not Leftback.
There's no telling what I would do with that softball pitch.
Crush that shizz out of the ballpark?
ReplyDeleteWhen the Boomers start retiring, most of them are going to be completely penniless. So they will all need cheap housing, cheap groceries and cheap services, including health care. The generation behind them cannot prime the consumer pump b/c Gen X is a lot smaller and is going to be TAXED up the tradesman's entrance to pay for the Boomers.
ReplyDeleteNow do you see where the deflation is going to come from? Supply-siders like KUDBLOW will never understand that inflation is a product of DEMAND. Without demand, any amount of printing will be relatively ineffective. So the lesson is that pension funds should cease reaching for yield. It isn't necessary.
Nic, what in the heck with the AUD today? surely i missed something. just ignoring upp cuz of the euro..
ReplyDeleteDL, I am sure that KAREN thinks about LB ... EVERY MORNING.
ReplyDeleteTLT getting showing some perk.
ReplyDeleteKaren
ReplyDeleteIt had a breakout this week and new highs for the year today ... so it has everyone's attention. But some people are noticing now that 4 days out of 5 you can buy AUD at the start of the US session, sell it at lunchtime and make a tidy living. Same as stocks, it won't last forever.
Yes. Just spotted that - there is indeed a little buying of Ts. Often see Friday buying of long bonds, then they sell for Momo Monday.
ReplyDeleteAren't you all glad you're out of the short end?
I mean, right now, the 2y is 1.06% - with inflation (as per the TIPS spread) about 2.3%, so you'd have to be out of your mind to buy those unless there was a DEFLATIONARY steamroller immediately in front of you.
AUD-JPY is the Carry Trade of all Carry Trades.
ReplyDeleteKeep yer eye on that, mates.
true blue ...
ReplyDeleteI assume that Alcoa earnings will be “BTOIE” (better than only idiots expect).
ReplyDeleteAlcoa earnings will be JGEFCR.
ReplyDeleteJust good enough for a continued rally.
Bet we finish flat. Algo day. No volume.
ReplyDeleteThe other computer is now in charge into the close.
LB it's the Grand National this weekend, do you miss the birds back home? You should go and carry Karen's bikini ...
ReplyDeletehttp://www.dailymail.co.uk/femail/article-1264496/Grand-National-2010-Aintrees-annual-display-orange-skin-clashing-colours.html
Oil is the conundrum today... someone forced to liquidate?
ReplyDeleteThe corellations are all F'd up.
on my chart, $xad:$xjy at major resistance, 0.871, the overhead 200 ma line..
ReplyDeleteCV,
ReplyDeleteI’ve got one for you.
The fibonacci tattoo.
http://talklikeaphysicist.com/2008/extraordinary-fibonacci-tattoo/
Bet we finish very red today, lol.
ReplyDeleteThey are all fked up I-man, I agree.
ReplyDeleteIt honestly feels like the same day (with regards to the markets, low volume, algo/liquidity/short-covering-driven) is being replayed over and over again. I feel like Bill Murray in "Ground Hog Day". Just weird.
ReplyDeleteI've already called a down day on Momo Monday. There you go, DL. Go all-in long. ;-)
ReplyDeleteNic,
ReplyDeleteUFB !!! Scouse girls never disappoint !!
The epitome of sophistication, as Dave Allen used to say.
Karen,
DEAD RED would suit LB today.
69 would be a good number today.
ReplyDeleteAt AUGUSTA...!
LTCM General Counsel On Debt Denial: "There Is Little Time To Avoid Catastrophe And Almost No Exit", Suggests Gold Price Of $5,500:
ReplyDeletehttp://www.zerohedge.com/article/ltcm-general-counsel-debt-denial-there-little-time-avoid-catastrophe-and-almost-no-exit-sugg
sigh ...
@LB
ReplyDelete"Now do you see where the deflation is going to come from? Supply-siders like KUDBLOW will never understand that inflation is a product of DEMAND."
Soon they will all "C", it's all a matter of "V"...
Print all you want... Makes for nice cushy mattresses... Here, If you'd like, I'll put that through the "shredder" for you and make it a little more comfy...
And when you're done with it... It'll ignite real easy too...
CV @1:21
ReplyDeleteCrude oil continues its steady march higher.
Good thing its the weekend because I'm angry today. I read stuff like the banks manipulating the earnings, the Fed knows and does NOTHING and it just makes me crazy.
ReplyDeleteI wish I could quit this and be a full-time shareholder activist. I would be VERY good at that.
wish a forensic accountant would rifle thru this baloney:
ReplyDeleteAmbac Financial Group Inc. (ABK) shares surged 70% on heavy volume Friday, after the bond insurer said it swung to a fourth-quarter net profit.
Ambac said late Thursday that quarterly net income was $558.1 million, or $1.93 a share. That compares with a net loss of $2.34 billion or $8.14 a share in the same period a year earlier.
The improvement was mainly driven by a $472 million tax benefit, the company said, as well as by lower expenses from losses in its main financial-guarantee business.
Total net loss and loss expenses were $385.4 million in the fourth quarter of 2009, down from $916.4 million in the final quarter of 2008, Ambac reported.
Ambac, one of the world's largest bond insurers, has been hit hard by losses from mortgage-related guarantees it sold during the housing-market boom of the last decade. When the real-estate market collapsed, Ambac was left paying big claims on those guarantees.
So many people holding junior gold mining stocks, so few fools left to enter... it's a great game but you have to be first into the Ponzi.
ReplyDelete2008 was a great experiment in the history of the world. We got to see the real price of a whole lot of commodities without all the leveraged specs on board. Crude? $30/bbl. Once the IBs are broken we will see low low low commodity prices in dollars for many years. The next blow-up is the end for the Street as we know it.
@LB
ReplyDelete"At AUGUSTA...!"
Good kick save there... It almost cost you a yellow card!
I would really like to be a fly on the wall in the executive suites of places like DB, CS, HSBC, and SocGen today...
ReplyDelete"banks manipulating the earnings".
ReplyDeleteNo! Say it ain't so.
The criminality seems so transparent. SURELY this can't go on?
ReplyDeleteWanna see me levitate?
ReplyDelete@LB
ReplyDelete"We got to see the real price of a whole lot of commodities without all the leveraged specs on board. Crude? $30/bbl. Once the IBs are broken we will see low low low commodity prices in dollars for many years. The next blow-up is the end for the Street as we know it."
End of WASHINGTON as we know it too...
They're counting on revenue for those "cap & trade" transactions...
More latte on a "VENTI" than there is on a "TAZZINO" don't cha know?
Question for the group:
ReplyDeleteI just went out for a drive, there are solar panels popping up all over DE it seems. There is a large church down the street from our office, they just put up huge panels there.
People seeing this other places?
BB,
ReplyDeleteYou mean, besides the stock market?
McF @ 1:29
ReplyDeleteIsn't there some sort of tax benefit for that?
@McF
ReplyDelete"I just went out for a drive, there are solar panels popping up all over DE it seems."
You just solved the mystery! Leo K (over at ZH), must be a Delaware resident. That's probably why he gets his pants wet every morning!
LB has a friend whose business is puttin' up those solar panel puppies. I am all for it, peep will save money when the inflation comes... LOL.
ReplyDeleteWe keep working on domestic energy sources like natty and alternatives, build small cars that get 50mpg - then the oil price plummets and we can quit policing the Middle East .... and the sand-chappies can go back to camel herding and selling dates. Dubai? DO SELL.
There's an app for that, Ben...
ReplyDelete@McF
ReplyDeleteAll I know is this... In the "darkest depths" of P3...
Every and ALL of those solar panels will be quickly confiscated by the future MAD MAXER's...
@McF
ReplyDeleteHell... If CV wanted to, I could just go around with my truck knocking down aluminum telephone poles at night, trade it in, and probably report a better quarter than Alcoa...
DL,
ReplyDeleteI think that there is, not sure how it works, but the immediate question I'd have is what does a church need a tax benefit for?
C,
I don't know Leo K but I work with an energy consulting firm in Philly, they actually are hired as consultants for a number of very large hedge funds and fund of funds and none of the analysts there seem all that impressed with solar.
there was a cemetery in wilmington that had a bunch of copper artwork/sculptures in it, was all stolen recently.
ReplyDelete@LB
ReplyDelete"LB has a friend whose business is puttin' up those solar panel puppies."
You just gave CV the idea of going into the "barbed wire" business...
McF @ 1:36
ReplyDeleteYeah, I wonder what Jesus Christ's position is on the question of tax credits.
C: When P3 comes, "Thank God I'm a Country Boy.."?
ReplyDeleteSomeone on a blog recently wrote about "Peak Whale Blubber" and pointed out that civilization didn't end. I found that quite thought-provoking.
Freddy is just grinding out pars.
C, the 11th, par 4 - 505 yards? Long irons into a green guarded by water? BRUTAL. Even the pros are struggling. LB would be in "three shot mode" right away, but then LB is rather deadly from 80-110 yards.
Leo K is the resident SOLAR TOUT at ZH...
ReplyDeleteHe's about as annoying as cognos...
....the idea of going into the "barbed wire" business...
ReplyDeleteThe barbed wire business is going to make a massive comeback in New York. It's only a matter of time.
DL,
ReplyDeleteNot sure about JC, but I know The Old Testament says a few things.
"the idea of going into the "barbed wire" business..."
ReplyDeletethat's what Pamela Anderson said?
When crude oil gets to $200, the global-warmers and tree-huggers will be thrown overboard.
ReplyDelete"Jesus Christ's position is on the question of tax credits."
ReplyDeleteI have invoked his name several times this tax season. LB seems to be fronting the entire BAILOUT of Western Civilization on his 1099.
@LB
ReplyDeleteEven the pros (hitting 205 yards 6-irons into that green), aim 40 yards right of the green on that hole...
They lengthened that hole 30 yards and planted some pines (which narrowed the fairway)... Although, pretty much ALL of Augusta is fairway anyway...
@ Ben, re solar. In Canada, Ontario govt. is pushing solar and green down people's throats. 30% increase in electric bills coming next year.
ReplyDeleteYeh, for global warming nuts. I'd say another way to stimulate the economy and make johnnies pay for it too.
Can someone tell me why everyone hates Leo K?
ReplyDelete@ben
ReplyDeleteAnybody catch THIS STORY?
http://www.bing.com/videos/watch/video/metal-detecting-enthusiast-discovers-1-400-year-old-treasure/26r8nock
When (IF) crude oil gets to $200 then what we saw in 2008 would be child's play. That would trigger a demand reduction of such magnitude we would see a massive global meltdown and a monumental depression. The political will for a second reflation is not there.
ReplyDeleteSurely the least likely of all scenarios. We only got to $150 b/c Goldman cornered the futures market.
@Nic (1:43)
ReplyDeleteWhat's there to like about someone who just comes on every day and acts like it's 1999...
Keep an eye on US Steel.
ReplyDeleteAnon,
ReplyDeleteInteresting. I'm not an energy expert by any stretch but it seems to me at least that nat gas is green, abundant, and cheap when compared to solar.
Why don't we have more cars running on nat gas for example?
why everyone hates Leo K?
ReplyDeleteExcessive Hubris. The usual reason.
Alright, in trying to apply some logic to the markets, if the consumer is back, which seems the popular call of late, why isn't WalMart well into the 60's?
ReplyDeleteWestwood eagle at #2. ING-LUND !!!!
ReplyDelete"Why don't we have more cars running on nat gas for example?"
Big Oil/Refiner Lobbyists? Many bus fleets already switching to LNG. I think we see Natty for cars and houses and more Nuclear/Solar. Even China will build nuclear plants. Heating oil and coal are barbaric and need to go bye-byes.
I know I'm the king of pulling out low volume ETFs...
ReplyDeleteBut please take a peek at PBJ and tell me that somethings not up.
Just a wee bit strange now, huh?
@Anon
ReplyDelete"In Canada, Ontario govt. is pushing solar and green down people's throats. 30% increase in electric bills coming next year"
You see... THAT'S THE PROBLEM RIGHT THERE... It's about as STUPID a F***ING IDEA as any for governments to be involved in controlling low output energies like solar...
For God's sake, only HALF of the "coal produced" electricity right now ever makes it to a lightbulb...
I believe in solar, but it's something, that INDIVIDUALS have to take on themselves... An individual can UTILIZE a larger percentage of their harvest...
Even better... You become INTELLIGENT in the process... You suddenly realize the low yield, and you begin to CONSERVE...
GIB...GIB is all I can say!
LB,
ReplyDeleteso are you saying for little boys and girls that are naughty they will get LNG rather than coal?
Coal did always seem a little harsh.
Anyone brave enough to short gold over the weekend?
ReplyDeleteHa. No, me neither.
McFearless @ 1:46
ReplyDeleteI think that the politics that surround the acquisition of nat gas are similar to that surrounding drilling for oil. People who are opposed to more drilling for oil also tend to be opposed to drilling for, and otherwise extracting, nat gas.
(I disagree with Leftback on this point).
In fairness to Leo K, he's been VERY critical about the bailouts and had some nice write-ups on the coming pension bomb, but he believes(rightly or wrongly) that this thing is simply rigged by the powers-that-be to go higher....
ReplyDeleteHe hasn't been proven wrong yet. Key word being "yet".
DL: I love it when you talk DRILLING.
ReplyDeleteAlright, I gotta check out this Leo K guy now. You all drove me to it.
ReplyDelete@DL,
1:55, that sounds like a valid point to me. The power of the environmentalists is somewhat mind boggling to me.
shorting gold: nah, hell, I don't even want to mess around with silver right now.
Sarah,
ReplyDeleteI have a drill bit I'd like you to see.
@Mannwich
ReplyDeleteI think I agree with all of those things.
@McF
ReplyDelete"Coal did always seem a little harsh"
Keep things in perspective... In the history of the PLANET EARTH, It's gone through phases that it was a GIANT SNOWBALL... The entire planet was covered in a MILE DEEP OF ICE... A mile friggin' deep...
90% of all species died, and there were only some small, non-complex organisms that lived at the bottom of frozen over oceans near volcano vents...
ICE AGES aren't so bad, but they push the boundaries in a way that the next TIPPING POINT could be to become SNOWBALL EARTH again...
When you have a SNOWBALL EARTH... If you could, burning tons & tons of coal would be the damn thing you needed to do to save the planet... As it was, there happened along massive volcano eruptions that spewed gasses into the atmosphere, melted the ice, and brought life and land masses back...
It's all relative...
I'm going to laugh my ass off when everyone has solar panels & white painted roofs, and we tip over into the next ICE AGE!
Where is Bruce?
ReplyDeleteENGLAND - number one and two in the MASTERS !!
DON'T fight the trend...
ReplyDeleteAll but 1 month, the SPX hit new highs each month since the "V" bottom.
Apr-10 1,191.80
Mar-10 1,180.69
Feb-10 1,112.42
Jan-10 1,150.45
Dec-09 1,130.38
Nov-09 1,113.69
Oct-09 1,101.36
Sep-09 1,080.15
Aug-09 1,039.47
Jul-09 996.68
Jun-09 956.23
May-09 930.17
Apr-09 888.70
SPX... 5, 8, 13, 21, 34, 55, 89, 144, 233 SMA point up
more SPX good news... Mr. Ra's 3LB has 28? days in the green, maybe it's 29 now, losing count.
Screaming buy signals everywhere... waiting for dip
C,
ReplyDeleteThat was just meant to be a joke, re: coal.
The dirty and nastiness of coal seems to match quite well with the human race imo.
I suppose if they slap a big tax on coal, West Virginia can still export it.
ReplyDeleteCV
ReplyDeleteIf we have another ICE AGE, you are close to the coal mine.
BONUS.
Better than if we end up with WATER WORLD,
- b/c the bankers already have the boats.
@Trendy
ReplyDeleteI'm sure it's on a direct course for 36,000...
"checkmark" recovery...
"Screaming buy signals everywhere... waiting for dip"
ReplyDelete:)...
Man I wish golf had cheerleaders. Cheerleaders with big hooters and who were loose.
ReplyDeleteAnyway I got to get back to swinging.
My clubs, I am swinging my clubs, did you people think I meant the "other" type of swinging? What a bunch of perverts.
And remember I have been re-invented so I am not lion.
Tiger Woodie
"West Virginia can still export it."
ReplyDeleteThe Chinese are happy to take all the coal we can provide...
Why do you think AMEN RA's occasional reports on "Pennsylvania, Reading, B&O, & Short Line" are showing increases YOY...
It doesn't take many RAILROAD CARS to haul around I-Pads...
@MCF
ReplyDeleteLOL
"Screaming buy signals everywhere... waiting for dip"
Which begs the question... If the BUY signals are so SCREAMING, why bother even waiting for a dip? ;-)
C, Leo K is Canadian. From Quebec.
ReplyDeleteQuebec just came up with nasty surprises in their budget. Residents now pay for doctor's visit($25/ visit).
Everyone is asked to chip in medicare. It used to be free.
Quebec, has it's own workers pension plan( rest of Canada has CPP). QPP fund quys lost lot money in that melt down in March'09, Something like 45% of the value of the fund. The fund head and some of the top guys were fired and the fund bailed out fast. Most people donot pay attention to these things.
Quebec, and Ontario, two biggest provinces in Canada have heavy debt loads.. Need I say more.
Titleist or Callaway?
ReplyDeleteLB prefers Callaway or NXT Tour - but likes "ON SALE" best of all.
[We know Tiger "just does it".]
Look, I don't care if people want to be bullish, but screaming buy signals? Course, I haven't been trendy since college I guess.
ReplyDeleteSarah Palin, nice to see you here, so do want to play a couple wholes? Maybe knock a ball or two around.
ReplyDeleteMy clubs have a nice shaft and I know how to follow through.
If any of you other people thought I was not talking about golf, you are just a bunch of perverts.
Remember I have been re-invented and I am not lion.
Tiger Woodie
@Anon
ReplyDelete"Quebec just came up with nasty surprises in their budget. Residents now pay for doctor's visit($25/ visit)."
...and what, pray tell do people think Obamacare will be like?
They'll pay for 4 years into the system... Then when it comes time to collect on a benefit... They'll be asked to pay for visits (only MORE, probably)...
getting a little wild here, we dont' want to scare off our two best posters (karen and nic)
ReplyDelete@anon,
how could medicare have ever been "free"? even in Canada.
hehe... wondered if anyone would catch that
ReplyDeletegotta a few quick thinkers in these neck of the woods!
@LB
ReplyDeleteTitleist (Pro V-1x)
@LB
ReplyDeleteI'd thought you'd use a "featherie", or a "gutta percha" :-)
LB playing Callaway HX until the box runs out, which can take ages when I keep my swing compact. Like the NXT Tour around the greens - just hate trying to chip with bricks.
ReplyDeleteHey Tiger, you are due at the first tee.
Get outta heah...
Good to see an Englishman on top though,
- would you agree Karen?
McFearless@12.07
ReplyDeleteSorry to mess with your brain.Who am I to blow the cover of a GENIUS... The I-MAN has it figured out!
triffy
CV @ 2:15
ReplyDeleteIn MA, insurers have stopped issuing policies
as a result of the price controls imposed:
http://online.wsj.com/article/SB10001424052702304198004575171782805022028.html?mod=rss_Today%27s_Most_Popular
Was that the I-Tiger earlier on?
ReplyDeleteAnonymous Monetarist is really on fyah...
ReplyDelete@LB
ReplyDeleteAbout 99% of amateurs out there can't generate enough swing speed to compress either a 90 or 100 compression golf ball (whether it's a 2 piece OR 3 piece construction, or whether it's cover is surlyn or synthetic balata)...
Basically what I'm saying is that for the average AMATEUR, it doesn't make a s*** of difference what kind of golf ball he uses...
Let's put it this way... If someone can't hit a driver past 250 yards, applying the same ratio of swing velocity to a 56 degree sand wedge, they're not going to even spin ANY shot into the green from 90 yards and in...
Moreover, the same amateur probably never even took the time to clean the grooves, or clubface so he might as well be hitting a BUTTER KNIFE...
My suggestion to him (if he wants to actually have "feel" around the greens)? Use an 80 compression ball (which basically means you're using a Pink "Flying Lady")... & CLEAN YOUR DAMN CLUBS (or pay somebody to do it for you)...
With the $40 savings (from dropping down from buying a dozen "Pro V-1's" at $55 a dozen - to a $15 box of TOP FLITES), you could afford a caddy to clean your clubs as you go - and maybe tell you how to avoid plunking all those $55 balls in the ponds on your way around the yard)...
Any more golf questions anyone? :-)
Left,
ReplyDeleteNope... Steve Joobs was my last, and Ben Bernanke before that.
We got to keep our literary characti straight...
Not sure who that Woodie is, but not me. I'm a little more tactful than that.
Is anybody (I-Man)? seeing what looks to be the conclusion of a "bullish declining wedge" on FXP?
ReplyDeletePro V1's...
ReplyDeleteGet boxes of them in the mail for free once a week from Annuity and MF wholesalers... if anyone's interested...
I hear they're pretty spendy, but I wouldnt know. Still have not swung a club, but one of the brokers kicked me down a set of lefty's for free.
I plan on taking up the sport when I reach financial freedom. Then I can finally be like all the rich kids I wanted to be like in high school. Like Curtis Strange's kids.
@I-Man
ReplyDeleteWill trade... Let's talk!
Good points.
ReplyDeleteBut I still think TOP-FLITES are like hitting a BRICK.
@I-Man
ReplyDeleteKeep them in BOXES and in GOOD CONDITION (which basically means - treat them "like food" in a cool dark, relatively low humidity environment)...
Believe it or not, if you don't store them well, golf balls will deteriorate in quality over time even if the box has never been opened...
But if you keep them that way... The PRO-V1's are worth about $55 a dozen RETAIL...
Most of the guys I play with would be HAPPY to pay you $40 per dozen wholesale...
ABK +77%
ReplyDeleteHow? Why? Their earnings are BS!
I keep mine in the fridge next to my condoms.
ReplyDelete@Charles Barkley
ReplyDeleteDude, with that swing, ANYTHING you hit probably feels like hitting a brick (that's what happens when you catch it on the hosel)...
Anyway - it's a good point... There's a difference between "feel" and "performance" (no jokes)...
A hard cover ball NEVER "feels" good to the hands... But it's "performance" is not necessarily that much different than if you'd have hit the exact same shot with a soft cover ball...
NO JOKES! :-)
Damn. ZH down again. They must be pissing off a whole lot of people again.
ReplyDelete"Get boxes of them in the mail for free once a week from Annuity and MF wholesalers... if anyone's interested..."
ReplyDeletehahaha, same here. Fidelity's fav. gift. I don't think I've bought any golf balls in a couple of years.
@triffy, 2:34
I'm lost, but it is ok, not the first time.
@I-man,
I like golf, but typically can't stand the people at the golf course. I know exactly what you are saying.
Sandy Lyle (2nd round: +14 Overall: +11):
ReplyDelete"I realise I've got no excuse and I have to go and control my ball. Unfortunately the first eight, nine holes I was playing with a square golf ball. I never got it going all day. I was just very bad. It's a tough old course to get rhythm back."
See? Sandy was playing a TOP FLITE today. Ugh. The Pros shooting 86 - that course plays unbelievably long when it is wet.
@Ben,
ReplyDeleteNo, medicare is not free in Canada. Average Canadian works first six months of the year, just to pay taxes!
We have federal, provincial taxes. We pay for CPP/QPP, employement insurance. We pay for goods and services taxes around 14 - 15% depending on where you live. We pay taxes through gasoline. We pay property and school taxes.
Groceries and other stuff is way cheaper in the States. I have some friends who go cross border shopping for gas and groceries!
@ CV
ReplyDeletehttp://dreadcapital.blogspot.com/2010/04/fxp-daily-bullish-falling-wedge.html
They've knocked the spread on gReece down to 394 bps. Let's see how long that lasts.
ReplyDeletestick a fork in the $xad.. it is done. (and I am back!)
ReplyDelete@Amen
ReplyDelete6 basis points??? talk about window dressing!
think i'll get my abandoned baby in C today? tune in monday at the market open.
ReplyDelete@karen
ReplyDeleteThank God you're back!
All semblance of "class" vanishes around here when you're gone... :-)
LB has had several better cards than that 86.
ReplyDeleteNot at Augusta, however....
so is this the greek bailout plan that i missed while gone? EUROZONE TO CHARGE GREECE 6% FOR EMERGENCY LOAN. WILL CHARGE 1% MORE IF LOAN TAKES MORE THAN 3 YEARS.
ReplyDeleteReally - 6 or 7%? They will default, for sure... !
ReplyDelete@I-Man
ReplyDeletehttp://dreadcapital.blogspot.com/2010/04/fxp-daily-bullish-falling-wedge.html
I made a post over there on your chart comments...
I think there's a possibility of a mover to 8.85-9.00 on that (counting from the MACD low)...
LB, Would you mind changing your icon? Those moustaches...
ReplyDeleteCV, please release the Kracken in 30 minutes so I can enjoy my weekend.
ReplyDelete@karen (3:06)
ReplyDeleteYeah... Now what does THAT sound like? Citi, giving you that .075% "balance transfer" teaser?
MY God we've learned NOTHING!
Greece is ALREADY overbudget in the first 2 months of this year on social services expenditures...
I'm SURE they'll have it all together within 3 years!
What could go wrong? - laughing hysterically
Hell, just release the KRAKEN right now...!
ReplyDelete@karen
ReplyDeleteI'm thinking that karens red sequin dress & shoes hold INFINITE more powers than CV's KRACKEN...
I'm sure LB would agree!
ReplyDeletenever seen Karen's red dresss... hmmm
ReplyDeletepic's?
not kidding... my gold/silver model turned bearish today... hmmm
CV has heard that there has been a hastily assembled MEETING OF ECB HEADS over the weekend (to discuss the Greek bailout)...
ReplyDeleteMy KRACKEN has whispered in his ear that he is a big Brady Bunch fan and is loathe to intervene...
CV @ 3:17
ReplyDeletePowers over humans with certain hormonal dispositions, no doubt.
But the mighty stock market?
What's in the model trendy?
ReplyDeleteOne would much rather see Karens red sequin dress...
ReplyDeleteNobody wants to see CV's KRACKEN.
1200 by the close...
ReplyDeleteWhy the F not?
Please tell me we aren't going to see another short covering rally at the close..
ReplyDelete@DL
ReplyDelete"the MIGHTY STOCK MARKET"...
You mean that thing that exchanges 100M SPY contracts a day at a programmed .05% clip?
Excuse me... .005%
ReplyDeleteHey look! We just has a 'correction' (my 3:32 posts)...
McFearless...The GENIUS left two too many clues.Its as simple as that! See I-MAN @9.54
ReplyDeletetriffy
Not sure if there are any shorts left to cover....
ReplyDelete1200 on Momo Monday. The plan has probably already been drawn up at Bull Market Simulation HQ.
Isn't Kevin Lane BR's partner? BR has a post today,"Retail, jobs suggest stronger recovery". Some of the posters are giving BR hard time, the usual suspects like DH. Kevin Lane's comment - calls for S&P 1300, but cautious.
ReplyDeleteI give BR credit for being honest, letting his readers know his position.
@ Ra
ReplyDeleteGLD Takuri's:
How bout those GLD prints at 2:19, 2:20...???
Kinda interesting when compared to the print at 11:15.
GLD 113.20
My what lovely blush blossoms you have, LB. 1200 is simply out of the question.. altho I could call a new top at 1201, what's a hundred pts amongst friends!
ReplyDeleteThe pump with no dump lives on.
ReplyDeleteTwin Peaks!
ReplyDelete@karen
ReplyDeleteWait until you see CV's azaleas & dogwoods!
Kevin is BR's partner, big time analyst back in the 90's, he's the one that basically built Fusion's model. Smart guy.
ReplyDelete@ Ben
ReplyDeletehas a few different indicators (DPO, ROC and a few more) but one of them (I developed, which is about 80% correct), % move up within 21 days, usually results in downward prices very soon after. no timeframe given though :(
Kevin has played this market about as well as you can, to here.
ReplyDeleteEffing eff. It's a good thing we are good bond traders b/c our equity trading has been lousy again this week.
I-Man
ReplyDeleteThat's way BEYOND Takuri lol.
Yet another new 52-week high for TIF. UFB.
ReplyDeleteBeyond Takuri.
ReplyDeleteThat'd be a great blog name.
Here comes 11,000...
ReplyDeleteTrying to stuff it into the close...
Karen,
ReplyDeleteRed Sequin Dress Logo? Surely....
LB showed you his blossoms.
What gets tagged first? S&P 1200 or Dow 11k?
ReplyDelete"I give BR credit for being honest, letting his readers know his position."
ReplyDeletehere is the most honest thing BR has said in months:
BR: My day job is to go along for the ride. I still critique what is wrong, but professionally, I cannot afford to miss a 75% ride upwards — even if it ends in tears.
and props to him. I'd bet all of Trendy's model on Barry not believing the recovery, even though he eats lunch with creators of infallible economic forecasting models. When he says that he has a client that has income higher than many countries GNP and that this same person tells him that he doesn't want to hear all BR's doom and gloom, "tell me something good" then it's become clear. I don't fault BR, that's the business, some might call it, the game.
looks like the Dow first ra, 3:59?
ReplyDeleteCV has done NOTHING this week...
ReplyDeleteExcept today... I added a grain of salt to FXP...
May have to add more grains before all is said and done...
Pretty soon they'll be FREE to add - LOL
Mannwich @ 3:47
ReplyDeletePretty darn near the all-time high for TIF.
Guess the fat cats are back in the saddle.
Guess that question just got answered...
ReplyDeleteDL,
ReplyDeleteWhat do you mean, who says you need any money to shop at TIF?
Credit Baby!
Just what the MSM needs so they can ignore Greece over the weekend.
ReplyDeleteApril 9 (Reuters) - The dollar is expected to fall in the week ahead as investors consider that euro declines on uncertainty surrounding the debt problems in Greece have been too far, too fast.
ReplyDelete11,000!
ReplyDeleteFireworks and kazoos are going off in the background!...
They need to 'time' these occasions better IMO...
I mean, I'd MUCH rather see Becky Quick, Erin Burnett, or MCC having an orgasm on screen than Maria Bartiromo!
I predict a massive, 1.5% correction in the SPX next week.
ReplyDeleteThat's right, DL. Closing in on it. The Welfare Kings of Wall Street must be back to buying their mistresses some nice jewelry.....
ReplyDeleteIt's all about the "O".
ReplyDelete(overstock.com)
is this third or fourth lowest volume of the year?
ReplyDelete@I-Man
ReplyDeleteYee-haw... Jester's dead
QUOTE OF THE WEEK AWARD (at Survivor Capital) :-)
Blech.
ReplyDeleteAdded some TBT into the close. They usually sell Ts on Monday, and there is a CPI on Wednesday, so they will be worried about FLATION.
There won't be any but that won't stop bonds from selling off M and Tu.
A MOMO start to the week seems almost assured, especially into the ALCOA earnings Monday AH. Things may get interesting by Wednesday as Greece will no doubt be in trouble again by mid week.
@McF
ReplyDelete"April 9 (Reuters) - The dollar is expected to fall in the week ahead as investors consider that euro declines on uncertainty surrounding the debt problems in Greece have been too far, too fast."
Brokerage stocks are expected to rise next week as investors consider that Bear Stearns problems have been too far, too fast...
Hell... I'm half expecting Cramer & Dick Bove come out dressed in Euro costumes!
Couldn't quite muster 11K but I'm sure we'll blow through it in the first 5 seconds of trading on MoMo Monday. And then some. Party on, folks.
ReplyDelete