I thought most of the interview was fascinating in terms of the "push & pull" that goes on inside a political dogfight...
He probably lost me a little in the last 4-5 minutes on his VIEWS that the key to the future is investment in education...
Only for 2 main reasons...
#1 EDUCATION INVESTMENT - when understood in political terms, is usually mismanaged... So, I'd be dubious as to the practical benefits...
#2 THAT THE TYPE OF EDUCATION INVESTMENT - namely, that having to do with math/science/technology will actually turn out to be some kind of elisir...
People... We have STRUCTURAL DEBTS & unwinding to do... To attend to structural debts, we need to de-lever... We DON'T need to pay TOP DOLLAR to educate cute little mathemeticians to create faster software, faster internet, and more productivity so muffy can send OMG messages to her sorority sisters on the campus of "Tech State University" (while she's not painting her tits in the school colors and trying to avoid going viral at the GIRLS GONE WILD spring break extravaganza, or JASON on the lacrosse team doesn't get arrested in a frat porn scandal)...
Faster productivity actually = LESS JOBS...
Moreover - the strides taken in these areas are eventually STOLEN by others (like little sucker fish that swim in the wake of the big fish)...
CV says... Let somebody else take the lead (and invest) for awhile... I say - ATTEND TO YOUR KNITTING - hunker down...
Get off the treadmill...
Otherwise - it was a fascinating interview... (and I want to hear more from this guy now that he's ESCAPED from the Candy Obama Bubble)...
Ahab, you cant be serious about that book... I've seen it cited previously by many folks far shadier than you, so I'm a bit disappointed.
People dont need to eat meat, its a decision, not a biological necessity.
The transition to a plant based diet sustained by organic fruits, vegetables, and whole grains is one of the most beneficial decisions to the planet earth that a human being can make.
That is of course just, like, my opinion, man.
And by no means am I mandating, or implying to mandate that anyone make that decision... other than I-Self.
Just threw it out there as a dovetail to the two pieces of fried chicken with a slice of cheese and some swine slapped in between from KFC conversation earlier... not trying to spark a debate on diet.
Just for disclosure, my quasi vegan diet started as a sort of protest against the industrial meat complex, which I find utterly sick, and refused to support through my diet. Its become more of a spiritual thing though I gotta say... I have way more positive energy than I did when I was eating meat and cheese at practically every meal.
Seriously, if only for a challenge, the 30 day vegan trial I did was worth it, and I'd recommend it to all of my cheese burger indulging friends.
The true test for me will be when I have the next keeper salmon in my grasp... will I bonk it or let it swim? Already decided not to duck hunt this year.
the chick was a 20 year Vegan- and is a devout feminist who wants the end of civilization-
you tell me why she eschewed her previous vegan ways? Her take away is that farming grains has taken away the natural world- far more than any other thing- and resulted in the subjection of people (a fact)-
Columbus Day weekend is a three day holiday for me and is also my B-Day. Was thinking about going to Vegas for the weekend....
Been investigating rooms/flights the last 48 hours. The prices are jumping pretty hard in just a two day period. Basically, Vegas, at least in the good spots, is getting booked. Places that could be had for "a song" last year are much more expensive. Maybe it's the holiday weekend or something...but, I'm actually surprised at how expensive it will be to stay somewhere on the Strip.
Bottom Line: Two years ago, Vegas was a fantastic bargain. Right now, not so much....
There has been a little "bottoming action" out there in the desert.
okay.. i do need to watch the charlie rose video and i am a bit wine soaked.. but here is my take on the meat eating..
watch Deadwood, and you will never eat pork again.. (my fav)
seriously.. we do not need it... i think we have the teeth for emergency.. i would eat beef before poultry.. but the thot of eating either sickens me... i have a serious aversion to eating birds.. tho i'm still eating fish...
If you had packs of cinghiale (wild pigs) hanging around your house, coming in all the time and tearing up every square inch of your lawn...(like my place in Italy)...
Trust me... not only would you want them all DEAD... But you'd probably turn into a savage indian (like Tristan) cut out it's heart and make a necklace out of its tusks...
"What I believe the American people deserve is a tax cut for the middle class," Pelosi said during her weekly press briefing. "And without getting into procedure and timing and process, what we're going to do is to say at the end of the day, the extension of the Obama middle-income tax cuts will take place, and that's what I have to say on the subject."
ok, bruce, i'll throw this one out there: "The rich, Obama insists, aren't paying their "fair share." This by itself seems odd given that the top 1% of Americans pay 40% of all federal income taxes; the next 9% of income earners pay another 30%. So the top 10% pays 70% of the taxes; the bottom 40% pays close to nothing. This does indeed seem unfair--to the rich." re taxation, isn't it most like what willie sutton replied when asked, "willie, why do you rob banks?"
A few months ago nasa Chief Charles Bolden announced that from now on the primary mission of America's space agency would be to improve relations with the Muslim world. Come again? Bolden said he got the word directly from the President. "He wanted me to find a way to reach out to the Muslim world and engage much more with dominantly Muslim nations to help them feel good about their historic contribution to science and math and engineering."
He supports a $100 million mosque scheduled to be built near the site where terrorists in the name of Islam brought down the World Trade Center. Obama's rationale, that "our commitment to religious freedom must be unshakable," seems utterly irrelevant to the issue of why the proposed Cordoba House should be constructed at Ground Zero.
I guess he really is taking the Bible at heart and turning the other cheek-
my take is that muslims play the "reaching out" game and "tolerance" game- as long as it is others reaching out to them
I can say with 100% certainty, that right now, Osama Bin Laden is in a cave somewhere in Pakistan solving calculus equations, and figuring out how to BUILD things...
Frankly, it doesn't bother me half as much that Obama just stands there and either lies, or says stupid things... Hell, CV is perfectly capable of saying stupid things himself... I try not to LIE tho...
we broke out of the triangle now, lets see how many people start talking about the inverse H&S now. There is a progression since the big failed one last summer where less and less peole get interested in each one (it seems that way, just my opinion), but now that the neckline appears broken I can count on more people talking about going to backtest it then its on like donkey kong.
At this point... I'm basically watching to see how the AAPL candle performs...
This thing will most likely only go up as far as something like AAPL takes us...
If Steve Jobs accidentally cuts his throat with one of his ninja throwing stars, then AAPL will drop 10%, take the S&P down 50 points, trigger stops, and FLASH CRASH into oblivion...
wow- Denninger has gone off the rails- this is funny stuff-
The only "standout" number in the [CPI] report is the one for used vehicles . . .used cars up big again (15% over the last 12 months!) . . . Cash for clunkers created insane price inflation in a place where the less-wealthy cannot afford it as this is not a discretionary purchase. . .
. . .If you're an Obama supporter you need to take this one to heart folks: Obama effectively declared war on the lower-working class people in this country with that program, and now the evidence is in.
Contrary to the claims that this was "good for America", once again the politicians - including most especially President Obama - stuck the corncob in the working man's rear end. This, from a President who claims to be for the "working man and woman."
The only way you can possibly justify that claim given the now-irrefutable evidence is if you're Barney Frank and like getting screwed.
That comment about making muslims feel good about their contributions is just absolutely moronic.
This is not the responsibility of the United States, just my opinion.
that said, that part of the world did in fact make major contributions in extending our knowledge of math and science. As Islam ascended the Muslim world became a center for mathematical study. There was a major intellectual surge in the 8th century which if it hadn't occured might have otherwise led to most of the ancient mathematics being lost.
Check out info on Caliph al-Mamun where established in Baghdad the Beit al-hikma (house of wisdom) which operated much like the older Alexandrian "museum". According to tradition after seeing Aristotle in a dream the caliph decided to have all the ancient Greek works translated.
Three mathematicians (at minimum) from that culture deserve our recognition:
Abu Kamil Shuja, Al-Khwarizmi and Abu'l Wafa, these men all did very interest work with the Golden Ratio, but their main contributions were in Algebra.
Something tells me though, this is not the kind of recognition Obama had in mind.
See what you learn when you read a lot of books about some magical numbers 8-)
maybe arab mathematicians such as these two were in mind:
Abu Ja'far Muhammad ibn Musa Al-Khwarizmi (b. 790 - d. 850) sometimes called the Father of Algebra
Muhammad ibn Shuja (b. 850 - d. 930) sometimes known as al'Hasib, worked on integer solutions of equations. His work was the basis of Fibonacci's books.
yep, might be the time to sell, but I need some more clarity personally before I make any big moves, I think a lot of people are getting active here though bulls and bears. One thing I feel fairly confident about with todays action is that the range bound crap from 1040-1129/1130 is now coming to an end.
KD is spot on in that observation about used cars, I have a client that runs floor operations for the largest Ford dealership in the Philly area, he told me that CFC effed over the working guy trying to buy a used truck, or the marginal family that was looking for a used family truckster to haul the kids around, he said a few days after CFC was announced they jacked the price on virtually every used car in the lot.
His take was that the program was basically a bad idea all around. He'd understand those dynamics far better than me, was interesting to listen to him tell me about it at the time.
it is McHappy, this is what we've all been waiting for, lets just keep in mind though, this move is in fact the most crucial, a lot of wavers that have us going to new highs by year end or early next year also had us topping out this week, but only to consolidate and bring in some more buyers for the next ramp upward.
on gold, it does seem that everyone is talking about gold....thing is though, it also seems that while everyone is talking about it, very few are yet acting on it.
Someone overlayed opex days on SPX chart. Interesting: http://content.screencast.com/users/dmooney99/folders/Jing/media/937c72b5-172e-4fbe-930b-f37dcce87426/temp_282475249.png
this kind of data is always interesting to me because I do actually believe over the next 100 years there is a very high probability that the US breaks up into smaller countries:
OK, so that post about Harry Wanger (which is true!) didn't raise CV's hackles like I had hoped, so here is a list of CV's best buddies, in no particular order: 1) B. Hussein Obama 2) TWSWB 3) Harry Wanger 4) Thor
I liked the Orszag video CV. Watched the entire thing. (Don't operate on Fridays any more, going to the mountains in a few minutes.)
I still think the underlying thing that causes pressure, pressure of all kinds, it the yearly deficit (and summed, the national debt) and that if we no longer had a deficit, political extremist right and left wing views would get much less play. Right now, because we've allowed ourselves all these years of easy choices and (relatively) low taxes, we are in a pickle. I can assure you as one who has been in the highest tax bracket most of my working life, I don't like high taxes. But expecting the miasma that is America to agree on the solution is nearly impossible.
I will say that permanent tax decreases WHILE RUNNING A DEFICIT are a stupid idea.
...Pass the BBA and let's get on with the next century...
ben - "None of these statistics reflect regional or local cost differences, which can be immense. A Mississippian earning $38,000 can live about as well as a New Yorker in pricey Manhattan with a salary of more than $93,000." somehow i don;t see lb re-locating though.
yeah, I saw that, but I immediately thought, well sure, the cost differences can be immense, but so can the salary that similar jobs command in each respective area, so that tends to cancel itself out, if that makes sense.
I'm going to make way more as an FA where I live now vs. my tiny hometown in northwestern PA, if I had the same income there as I do now, but the thing is, I wouldn't have the same income there.
McF -- sometime yesterday you were questioning whether nor not this was accumulation per Lowry's. Have you looked at Marty Chenard's Stocktiming? I haven't been there in ages but sometimes he has good charts on this subject. Also, cute name aside, Evil Speculator had a series about 2 weeks ago, maybe a weekend post, with very convincing charts showing behind the scenes distribution. Mole, the guy who runs the blog, is a bit of an acquired taste, but the data there is good and I don't see it in other places.
He is a blogger that writes about Wall St, I am a Wall Streeter that blogs.
iow, if you aren't in the club you don't really have anything valuable to say, just like if you aren't a PhD in economics you really can't have an valuable discussion about it.
I lean toward the side of distribution, it's what it "looks like" in the charts to me, and recent comments from McClellan, what I'm seeing with Put premiums, the II buy climax figures, and spastic sentiment help back that up.
the lowry's thing really keeps bugging me though, they've been around a long time and I respect that analysis.
I've been looking at a nice moleskin coat because I need a new one and that can work for the office or casual, however, I've decided I'm going with a leopard print snuggie instead.
I detest the snuggie. I call it a "thnead." Have you ever read the Dr. Seuss book "The Lorax"? A "thnead" is a thing that no one needs! I went on a huge rant two decembers ago about the Snuggie because they were advertising it nonstop on CNBC...next thing you know my husband have it to me for Christmas. I've never seen my parents laugh so hard...boy was I pissed.
speaking of BR, I heard about those tornados in NYC this morning on my way in, he said:
"I’ve never had a ride like this — an on rare occasion, I drive into the city with ush hour. That takes 60 – 90 minutes. This traffic was about 5X worse — it looked like a post-nuclear war. I was in the car for an hour just to get out the tunnel, and another hour before I got 2 miles east of the tunnel. It was simply unconscionable."
you know, if things were to get bad, the absolute last place I'd want to be anywhere near is NYC.
thats hilarious about the snuggie Jennifer. I've had one in my hands at Best Buy like four or five times and I always set it back down before i check out, I end up looking at it and thinking....what am I doing?
Just think... When they come out with an "all-white" snuggie... You and all your friends can buy them and then wear them to Beaver Stadium in Happy Valley for a WHITE OUT...
I would not have thought you'd have coats like that. Funny man. Sounds like you've got a nice collection.
I shouldn't worry so much about the clothes and such that I wear, it's really not so important in life, but ever since I subscribed to GQ as a social mood review I've become more of a Sartorialist
Er, for gooberheads like me, I will take a pass on NYC at all times. I am not sure how they let the WSWB sit that long...it really was unconscionable I suppose..
CV.. I have a coat fetish, too.. only two cashmere tho, laughing.. but I bet you don't have a Prada wool/mohair leopard print with pleats on one side..
it was so cold here this summer i wore the long cashmere one on late night evening walks!
ben - re income vis-a-vis location my friend on maui advised first choose where you most want to live, then choose occupation(s) that will afford the live-style you wish to have there. he went successively (and succesfully) from bookstore part-owner to videographer to hyatt regency sous chef to hyatt's scuba franchise & independent scuba retailer to hawaii's first manufacturer of machine embroidered tourist wear.
If religious cultures were to better appreciate science, I would expect a reduction in religious fanaticism (abroad, especially, but also here at home). Reminding people of their own scientific legacy/heritage is probably one way to revive their interest. So, I think Obama's intent here is a good one.
(Whether NASA can actually do something about it would be an interesting conversation, especially if we could be a fly on a few walls and hear what ideas people come up with.)
I'm not arguing with your PREMISE... But for the "n"-illionth time, CV is al about PRACTICAL application...
Tell me how anything Obama says is going to ever reach the ears of some oppressed Muslim living under control of a Mullah in some sand and rock infested wasteland?
Via high speed internet? on their i-Pads?
and how many "filtering mechanisms" must it go through before it eventually reaches anyones ears...
By the time it passes thru the sieve of Al-Jazeera, I'm sure Obama's message will read...
"Reminding people of their own scientific legacy/heritage is probably one way to revive their interest"
perhaps, but if one follows back that culture further than the men I mentioned above, their heritage is hardly one of math and science. Not even close. If you want to follow it all the way back to Ishmael this is quite evident, and whether or not one believes the Bible is true is not relevant to this discussion because Islamic tradition considers Ishmael the ancestor of the Arab people.
Anything Obama says is just more "smooth talk" to keep dipshit liberals locked on to the idea that we're really making progress...
Look wunsa... I know it's noble to THINK that way (and I'm not saying that we should give up all hope)...
But if you were around yesterday, I put up a video of a Popeye's FRIED chicken in New York that had advertised free, or discount buckets, and then ran out of chicken...
I mean... the people who weren't able to get their mitts on some were half ready to start a riot...
That's the world of "ideals" and "tolerance" we live in...
Maybe when some math whiz figures out how to get enough chicken to Popeyes to feed the mobs, I'll believe in Obamas unicorn stories...
cv - no, it's not going to reach into the caves and redoubts of committed jihadists. i have a retired college chemistry professor friend who takes contracts to teach at various universities in the mideast and who does 1-on-1 personal diplomacy with kids who may someday occupy positions of influence and serve as counterbalance within their governments and societies. it's the moderates (muslim, christian, jews, jains, sikhs...) who have to stand up against the fundamentalists, each within their own tradition.
"The bottom line is that if the core goods CPI were to ever revert to its historic lows of 2003 and bump against the current historic low in the core services CPI, then we would indeed slip into a mild deflation of -0.2%. Food for thought because that prospect is not remotely priced into nominal bond yields, even with the 10-year note sitting around 2.7% and the long bond yield just under the 4% mark."
I've yet to read anyone yet that claims sentiment is too bullish...reveals the bias that is still underlying the market, this is all we heard three weeks ago was how overly bearish everything was, now we get crickets.
a random walk with an upside bias is what the net continues to hold on to I suppose.
The sectors with the most impressive pricing power are: •Autos (new and used) •Tires •Hotels •Jewellery •Computers •Utilities
The sectors that are seeing a downtrend in pricing power are: •Food stores •Delivery services •Furniture •Home improvement •Telecom services •Video/audio equipment •Toys •Movies •Sporting goods •Clothing/footwear •Restaurants •Reading materials •Hospital services •Prescription drugs •Sundries •Apartment rents •Pet products/services •Education Airlines
me: so it would seem this idea of inflation in the things you need, deflation in the things you want is still not happening, at least not yet. A forecaster would have to favor little to no inflation or at worst deflation, based on objective review of the data.
Oddly enough, we continue to hear about inflation concerns daily.
"Cocktail Napkin Charting – As noted above, the market stands on the banks of the Rubicon. The technical picture is unusually complex. There are various aspects that are normally associated with topping patterns. Yesterday, it was announced by the American Association of Individual Investors that the percentage of bullish investors had suddenly soared to 51%..."
“Some patients, however, are convinced that these preparations are beneficial,” Jueni, an epidemiologist, said in the paper. "We see no harm in having patients continue these preparations as long as they perceive a benefit and cover the costs of treatment themselves."
As the approximate 2.5 million homes in foreclosure complete the process, national delinquencies will fall, and REO inventory and short sales are expected to trend upward, according to a report released today by John Burns Real Estate Consulting.
The image of CV... in this moment... if you're interested...
Is someone sitting on his hands, (not in a snuggie), trying ("willing" actually), for the DOLLAR to find some kind of support here and IMPULSE higher...
My evil twin brother is a NINJA who is stalking Cupertino, California trying to get a clear (throwing star) toss at the jugular of Steve Jobs...
CV -- I find that TPTB use $TRAN a lot for their purposes...what about when Uncle Warren made his big RR purchase right at a very convenient chart time? In other news, blood cleaned up, tears wiped, jumper changed, picture prospects not so good, and darn CAT stop popped while I was out. I wish I were back in 2008.
Looking at that $TRAN chart even closer... The day that it moved up over the 200MA (in July), was also about 50 days (47 to be exact - but at the same level) from the April highs...
It was almost as if to say...
"Oops - I better rally here on zero summer volume a little... Otherwise those post FLASH CRASH closing tallies are going to make me start looking bad"...
"...& I'm sure McF has some other astrological significance to add"
well, for starters I and I have almost the same exact birthday one year apart so that makes it significant all by itself, that much is clear. :-)
there is some astro significance:
9/22 is the Autumnal Equinox as I-man mentioned before, Five planets are in Water signs then, and emotions are supposed to be 'high' in that period.
A full moon at zero aries is also supposed to reignite the cardinal climax, so just watch your ass.
a while back a lot of people misinterpreted crawfords comments on the cardinal T climax, it didn't have to mean a stock market crash, there were some very bad things that happened in the world then, they just weren't in a stock market or in the US, go back and look at the dates, there were floods, etc.
so, I would expect next week to have some sort of major "news" development, whether or not that is for stocks remains to be seen.
CHICAGO (Dow Jones)--Caterpillar Inc. (CAT) received a $641.2 million contract to provide more than 900 soil scrapers to the U.S. Army and Marine Corps, the U.S. Defense Department said late Thursday.
Nice joke. I have a feeling only readers around here find it amusing.
@CV,
Bread is the biggest difference I have found. All breads really, I picked up some hotdog buns for a family/friend BBQ over the summer and the buns were nearly 2x the cost of the buns - and it wasn't the by-products hot dogs!
I thought most of the interview was fascinating in terms of the "push & pull" that goes on inside a political dogfight...
ReplyDeleteHe probably lost me a little in the last 4-5 minutes on his VIEWS that the key to the future is investment in education...
Only for 2 main reasons...
#1 EDUCATION INVESTMENT - when understood in political terms, is usually mismanaged... So, I'd be dubious as to the practical benefits...
#2 THAT THE TYPE OF EDUCATION INVESTMENT - namely, that having to do with math/science/technology will actually turn out to be some kind of elisir...
People... We have STRUCTURAL DEBTS & unwinding to do... To attend to structural debts, we need to de-lever... We DON'T need to pay TOP DOLLAR to educate cute little mathemeticians to create faster software, faster internet, and more productivity so muffy can send OMG messages to her sorority sisters on the campus of "Tech State University" (while she's not painting her tits in the school colors and trying to avoid going viral at the GIRLS GONE WILD spring break extravaganza, or JASON on the lacrosse team doesn't get arrested in a frat porn scandal)...
Faster productivity actually = LESS JOBS...
Moreover - the strides taken in these areas are eventually STOLEN by others (like little sucker fish that swim in the wake of the big fish)...
CV says... Let somebody else take the lead (and invest) for awhile... I say - ATTEND TO YOUR KNITTING - hunker down...
Get off the treadmill...
Otherwise - it was a fascinating interview... (and I want to hear more from this guy now that he's ESCAPED from the Candy Obama Bubble)...
I'll check out the video CV-
ReplyDeletefor I-Man-
http://www.amazon.com/Vegetarian-Myth-Food-Justice-Sustainability/dp/1604860804
people became people by eating prey- it's how we developed-
and I get your point regarding people being so far removed from their food that they get squeamish at the thought of killing their food-
but a little deprivation and hunger- and that squeamishness would go right out the window-
eating grains is a recent phenomena (10,000 years or so)
Orszag- dude definitely wears a rug
ReplyDeleteAhab, you cant be serious about that book... I've seen it cited previously by many folks far shadier than you, so I'm a bit disappointed.
ReplyDeletePeople dont need to eat meat, its a decision, not a biological necessity.
The transition to a plant based diet sustained by organic fruits, vegetables, and whole grains is one of the most beneficial decisions to the planet earth that a human being can make.
That is of course just, like, my opinion, man.
And by no means am I mandating, or implying to mandate that anyone make that decision... other than I-Self.
Just threw it out there as a dovetail to the two pieces of fried chicken with a slice of cheese and some swine slapped in between from KFC conversation earlier... not trying to spark a debate on diet.
Just for disclosure, my quasi vegan diet started as a sort of protest against the industrial meat complex, which I find utterly sick, and refused to support through my diet. Its become more of a spiritual thing though I gotta say... I have way more positive energy than I did when I was eating meat and cheese at practically every meal.
Seriously, if only for a challenge, the 30 day vegan trial I did was worth it, and I'd recommend it to all of my cheese burger indulging friends.
The true test for me will be when I have the next keeper salmon in my grasp... will I bonk it or let it swim? Already decided not to duck hunt this year.
-Resident Dreadneck
I-Man-
ReplyDeletethe chick was a 20 year Vegan- and is a devout feminist who wants the end of civilization-
you tell me why she eschewed her previous vegan ways? Her take away is that farming grains has taken away the natural world- far more than any other thing- and resulted in the subjection of people (a fact)-
read it- and this-
http://www.amazon.com/Good-Calories-Bad-Gary-Taubes/dp/1400040787
worst that could happen is you don't agree
Posted this on the previous thread:
ReplyDeleteSome anecdotal info:
Columbus Day weekend is a three day holiday for me and is also my B-Day. Was thinking about going to Vegas for the weekend....
Been investigating rooms/flights the last 48 hours. The prices are jumping pretty hard in just a two day period. Basically, Vegas, at least in the good spots, is getting booked. Places that could be had for "a song" last year are much more expensive. Maybe it's the holiday weekend or something...but, I'm actually surprised at how expensive it will be to stay somewhere on the Strip.
Bottom Line: Two years ago, Vegas was a fantastic bargain. Right now, not so much....
There has been a little "bottoming action" out there in the desert.
okay.. i do need to watch the charlie rose video and i am a bit wine soaked.. but here is my take on the meat eating..
ReplyDeletewatch Deadwood, and you will never eat pork again.. (my fav)
seriously.. we do not need it... i think we have the teeth for emergency.. i would eat beef before poultry.. but the thot of eating either sickens me... i have a serious aversion to eating birds.. tho i'm still eating fish...
AT,
ReplyDeleteWhat's that big new place they just built in Vegas? Is that open yet, probably cool. Next time I go I wanted to stay at Ceasars.
We are going to break through 1130 tomorrow I'm thinking.
Andy, everyone knows that we all die in 2012.. can't spend our $$$ fast enuf.
ReplyDeletemy only other comment on the meat topic
ReplyDeletea nice filet, medium rare
.....yes please.
8-)
well, i have the best filet recipe with tarragon and red onion relish.. to die for!
ReplyDeleteWhy oh why did I just look at futures before going to bed. SPX going nuts but then again so is gold.
ReplyDeleteWow.... 1132.7 hit thus far on futures. Have a great day everyone.
ReplyDelete@I-Man
ReplyDeleteGo ahed and bonk it... (salmon)... :-)
Or put it on ice, send it to me, & I'll bonk it...
ReplyDelete@karen
ReplyDeleteIf you had packs of cinghiale (wild pigs) hanging around your house, coming in all the time and tearing up every square inch of your lawn...(like my place in Italy)...
Trust me... not only would you want them all DEAD... But you'd probably turn into a savage indian (like Tristan) cut out it's heart and make a necklace out of its tusks...
Short on cash in So Cal?
ReplyDeleteChargers' 48-game sellout streak over
http://sports.espn.go.com/nfl/news/story?id=5581180
More fishkills
ReplyDeletehttp://news.yahoo.com/video/us-15749625/21943336
Say it isn't so!
ReplyDeleteReport: Black Eyed Peas to play 2011 Super Bowl halftime show
http://msn.foxsports.com/nfl/story/Black-Eyed-Peas-to-play-2011-Super-Bowl-halftime-show-091610
I got my money... let's spend it up!
http://www.foxnews.com/politics/2010/09/16/pelosi-calls-vote-obama-middle-class-tax-cuts/
ReplyDelete"What I believe the American people deserve is a tax cut for the middle class," Pelosi said during her weekly press briefing. "And without getting into procedure and timing and process, what we're going to do is to say at the end of the day, the extension of the Obama middle-income tax cuts will take place, and that's what I have to say on the subject."
...Orwell would be proud.
BLACK EYED PEAS at Superbowl Halftime...
ReplyDeleteI still can't believe it...
Actually... I CAN...
This is EXACTLY what TPTB want... This is the ultimate in "bread & circuses"...
Some stupid, drunk, fat booty ass bitch on stage singing about her "humps", and tellin' everyone...
"spendin' all my money money"...
Malls should be packed the next day...
I guess I'll have to get me one of those Dolce & Gabbana bumper stickers...
@I-Man
ReplyDeleteQuestion for you...
How do you expect "Fergie" to get all that junk in her trunk on a vegan diet?...
She needs to be eatin meat to get you "love drunk off her HUMPS"...
lol
the action in the futures since the high is interesting eh?
ReplyDeleteanother gap up by the open, that wouldn't be anything new since August.
Other ROR...
ReplyDeleteEgyptian paper doctors photo of Mubarak and Obama
http://news.yahoo.com/s/yblog_upshot/20100916/cm_yblog_upshot/egyptian-paper-doctors-photo-of-mubarak-and-obama
... effin Forrest Gump - ror
@McF
ReplyDeleteRumors of Anglo Irish degault...
I have one of those AH prints on SPY extending up to 114.18...
should be interesting (because that was right on the 61.8% retrace from July low to April high)...
I'll post up the AH print here in a minute...
ReplyDeletecouple of new AH charts in thread
ReplyDeleteThis article is causing a lot of discussion both pro and con...might make a good weekend topic CV:
ReplyDeletehttp://www.forbes.com/forbes/2010/0927/politics-socialism-capitalism-private-enterprises-obama-business-problem.html
How Obama Thinks
The President isn't exactly a socialist. So what's driving his hostility to private enterprise? Look to his roots.
ok, bruce, i'll throw this one out there:
ReplyDelete"The rich, Obama insists, aren't paying their "fair share." This by itself seems odd given that the top 1% of Americans pay 40% of all federal income taxes; the next 9% of income earners pay another 30%. So the top 10% pays 70% of the taxes; the bottom 40% pays close to nothing. This does indeed seem unfair--to the rich."
re taxation, isn't it most like what willie sutton replied when asked, "willie, why do you rob banks?"
BinT-
ReplyDeletefrom your article- I find this beyond bizarre-
A few months ago nasa Chief Charles Bolden announced that from now on the primary mission of America's space agency would be to improve relations with the Muslim world. Come again? Bolden said he got the word directly from the President. "He wanted me to find a way to reach out to the Muslim world and engage much more with dominantly Muslim nations to help them feel good about their historic contribution to science and math and engineering."
WTF?
and this:
ReplyDeleteHe supports a $100 million mosque scheduled to be built near the site where terrorists in the name of Islam brought down the World Trade Center. Obama's rationale, that "our commitment to religious freedom must be unshakable," seems utterly irrelevant to the issue of why the proposed Cordoba House should be constructed at Ground Zero.
I guess he really is taking the Bible at heart and turning the other cheek-
my take is that muslims play the "reaching out" game and "tolerance" game- as long as it is others reaching out to them
"historic contribution to science and math and engineering"...??? WTF????
ReplyDeleteCan someone please send me a list of Nobel Prize winners so I can verify this?
Then again, Obama is a Nobel Prize winner... Nevermind!...
I guess Newton, Fibonacci, Galileo, Da Vinci, Copernicus, Keplar, Einstein, et al were all Muslims...
Islam started around the 6th century AD...
It sure took all those genius "engineers, mathematicians, and scientists" awhile, then... to get us out of the DARK AGES...
Just saying...
I can say with 100% certainty, that right now, Osama Bin Laden is in a cave somewhere in Pakistan solving calculus equations, and figuring out how to BUILD things...
ReplyDeleteObama has to be the stupidest MF on the planet...
CV-
ReplyDeletehe'd make a good lawn jockey
and fwiw- this whole building self esteem thing is nonsense-
Penn & Teller tore that whole notion to shreds on their show on Showtime-
ridiculous- everyone is so full of shit- "I'm ok- you're ok nonsense"
finally.....
ReplyDelete@ahab
ReplyDeleteFrankly, it doesn't bother me half as much that Obama just stands there and either lies, or says stupid things... Hell, CV is perfectly capable of saying stupid things himself... I try not to LIE tho...
http://www.youtube.com/watch?v=0Yi-LvnM_5M&ob=av3n
What BOTHERS me is that idiot Americans buy into this crap...
we broke out of the triangle now, lets see how many people start talking about the inverse H&S now. There is a progression since the big failed one last summer where less and less peole get interested in each one (it seems that way, just my opinion), but now that the neckline appears broken I can count on more people talking about going to backtest it then its on like donkey kong.
ReplyDelete@McHappy
ReplyDeleteHey McHappy... Looks like the Borate Polymerization process is completing - lol
I'll now return you to your musical soundtrack...
http://www.youtube.com/watch?v=A7F2X3rSSCU
my impression is people have had enough of Obama- the whole election coming up w/ all the fringe players winning in some States speaks volumes-
ReplyDeleteCaligula's horse will be on the ballot somewhere before long
b22-
ReplyDeletewouldn't now be the time to sell- playing the tried and true "buy the 1040- sell the 1120"
@McF
ReplyDeleteAt this point... I'm basically watching to see how the AAPL candle performs...
This thing will most likely only go up as far as something like AAPL takes us...
If Steve Jobs accidentally cuts his throat with one of his ninja throwing stars, then AAPL will drop 10%, take the S&P down 50 points, trigger stops, and FLASH CRASH into oblivion...
ROR
The entire Western World hangs in the balance on Steve Jobs health...
ReplyDeletewow- Denninger has gone off the rails- this is funny stuff-
ReplyDeleteThe only "standout" number in the [CPI] report is the one for used vehicles . . .used cars up big again (15% over the last 12 months!) . . . Cash for clunkers created insane price inflation in a place where the less-wealthy cannot afford it as this is not a discretionary purchase. . .
. . .If you're an Obama supporter you need to take this one to heart folks: Obama effectively declared war on the lower-working class people in this country with that program, and now the evidence is in.
Contrary to the claims that this was "good for America", once again the politicians - including most especially President Obama - stuck the corncob in the working man's rear end. This, from a President who claims to be for the "working man and woman."
The only way you can possibly justify that claim given the now-irrefutable evidence is if you're Barney Frank and like getting screwed.
That comment about making muslims feel good about their contributions is just absolutely moronic.
ReplyDeleteThis is not the responsibility of the United States, just my opinion.
that said, that part of the world did in fact make major contributions in extending our knowledge of math and science. As Islam ascended the Muslim world became a center for mathematical study. There was a major intellectual surge in the 8th century which if it hadn't occured might have otherwise led to most of the ancient mathematics being lost.
Check out info on Caliph al-Mamun where established in Baghdad the Beit al-hikma (house of wisdom) which operated much like the older Alexandrian "museum". According to tradition after seeing Aristotle in a dream the caliph decided to have all the ancient Greek works translated.
Three mathematicians (at minimum) from that culture deserve our recognition:
Abu Kamil Shuja, Al-Khwarizmi and Abu'l Wafa, these men all did very interest work with the Golden Ratio, but their main contributions were in Algebra.
Something tells me though, this is not the kind of recognition Obama had in mind.
See what you learn when you read a lot of books about some magical numbers 8-)
maybe arab mathematicians such as these two were in mind:
ReplyDeleteAbu Ja'far Muhammad ibn Musa Al-Khwarizmi
(b. 790 - d. 850)
sometimes called the Father of Algebra
Muhammad ibn Shuja
(b. 850 - d. 930)
sometimes known as al'Hasib, worked on integer solutions of equations. His work was the basis of Fibonacci's books.
@ahab,
ReplyDeleteyep, might be the time to sell, but I need some more clarity personally before I make any big moves, I think a lot of people are getting active here though bulls and bears. One thing I feel fairly confident about with todays action is that the range bound crap from 1040-1129/1130 is now coming to an end.
@CV 948 - Your pal Harry Wanger uttered similar sentiments at zerohedge last nite
ReplyDeleteAll- regarding the "good" tech news - remember what Andy T always says - bull markets never end on bad news!
b22-
ReplyDeleteno doubt on your 9:54-
I guess the reality is they let religion fundamentalism drag them backwards-
why learn- when you have it all figured out?
applications bitchez!
ReplyDeleteI can go to the moon "theoretically" as often as I wish...
ReplyDeleteahab, 9:53,
ReplyDeleteKD is spot on in that observation about used cars, I have a client that runs floor operations for the largest Ford dealership in the Philly area, he told me that CFC effed over the working guy trying to buy a used truck, or the marginal family that was looking for a used family truckster to haul the kids around, he said a few days after CFC was announced they jacked the price on virtually every used car in the lot.
His take was that the program was basically a bad idea all around. He'd understand those dynamics far better than me, was interesting to listen to him tell me about it at the time.
Consumers not buying the BS.
ReplyDeleteCV
ReplyDeleteYour theory of the markets testing certain prices in the AH is holding true.
edit my 9:59 to read-
ReplyDelete"why question- when you have it all figured out?"
@Amen (10:04)
ReplyDeleteI kno right? It happened at 1010...
It went down and printed a FIBO extension in the AH and never looked back in open market trading...
so all everyone has to do now- when we get back to 1040- buy-
ReplyDeletethen kick back and relax-
it's a winner
It is a great day, no?
ReplyDeleteCV,
Great soundtrack!
it is McHappy, this is what we've all been waiting for, lets just keep in mind though, this move is in fact the most crucial, a lot of wavers that have us going to new highs by year end or early next year also had us topping out this week, but only to consolidate and bring in some more buyers for the next ramp upward.
ReplyDeleteI'm not so sure just because the fibo level was stamped in the PREMARKET, that it means we'll automatically reverse right away...
ReplyDeleteMay happen... May not...
Because I've also been noticing that these little AH prints can be used cleverly to disguise momentum indicators (MACD & RSI)...
They create, or extend the bullish or bearish divergence waves...
Just saying...
BREAKING:
ReplyDeleteIreland banking union calls emergency meeting:
http://twitpic.com/2p9tgx
I love that the dollar index got support here on this trendline. See if it lasts but Im still bullish bucky for next few weeks
ReplyDeleteNic,
ReplyDeletethanks for those dollar thoughts, been watching that damn thing all night long.
I only slept about 2 hours last night, I just couldnt' wait for today.
what a life.
Quinoa bitchez!
ReplyDeleteok, so whats on my mind?
ReplyDeletewhat KIND of gap was that this morning?
as we've discussed before, not all gaps are created equal...
@I-Man (10:18)
ReplyDeleteCan I put "A-1" sauce on it? :-)... ror
"ridiculous- everyone is so full of shit- "I'm ok- you're ok nonsense"
ReplyDeletenow ahab, are you telling me that you don't "believe in yourself"
oh I feel so sad for you
bwahahahahaha
I've always been more partial to the idea that
no man is an island
@Nic (10:16)
ReplyDeleteMan, I hope you're right...
I didn't exit my dollar calls... I'm going down with that ship if it sinks to the bottom...
just throwing stuff out there
ReplyDeleteon gold, it does seem that everyone is talking about gold....thing is though, it also seems that while everyone is talking about it, very few are yet acting on it.
oh, and don't forget about silver....CV.
@McF
ReplyDeleteDon't talk about ISLANDS to ahab...
He has Randy Moss going against REVIS this weekend...
Someone overlayed opex days on SPX chart. Interesting:
ReplyDeletehttp://content.screencast.com/users/dmooney99/folders/Jing/media/937c72b5-172e-4fbe-930b-f37dcce87426/temp_282475249.png
bulls want to hold the 1120, if that breaks down I might try and short on a backtest around there, small though, major battle bitchez.
ReplyDelete& Don't remind me about silver... Grrr...
ReplyDeleteThe only think about it is... What I want, actually, is more PHYSICAL (pre 1964 coins)...
Which basically means I'm holding on to them for a long time... So if this is just a blowout (before a correction), I still have time - I THINK...
It's not a paper trade for me...
I'm not a fan of the black background on a chart, I always have mine white, the black is hard on the eyes.
ReplyDeletethis kind of data is always interesting to me because I do actually believe over the next 100 years there is a very high probability that the US breaks up into smaller countries:
ReplyDeletehttp://finance.yahoo.com/news/Americas-wealthiest-and-cnnm-3345919960.html?x=0&sec=topStories&pos=7&asset=&ccode=
@McF
ReplyDeleteI'd LOVE the US to break up into smaller countries...
I'll take West Virginia... Abundant coal, water, lumber, farm acreage...
Ritholz can have Manhattan... I hope he likes the taste of RAT when the rest of the "countries" put an embargo on his ass...
RATS:
ReplyDeletehttp://www.youtube.com/watch?v=KcaX7reiZQc
OK, so that post about Harry Wanger (which is true!) didn't raise CV's hackles like I had hoped, so here is a list of CV's best buddies, in no particular order:
ReplyDelete1) B. Hussein Obama
2) TWSWB
3) Harry Wanger
4) Thor
did I leave anyone out?
CV-
ReplyDeleteMoss MUST(CVism)find a way to get off Revis Island- even if it is on a raft w/ a volleyball named Wilson
b22-
we're not all ok (of course I'm ok)
I-Man @ 10:18-
pork BBQ bitchez
I liked the Orszag video CV. Watched the entire thing. (Don't operate on Fridays any more, going to the mountains in a few minutes.)
ReplyDeleteI still think the underlying thing that causes pressure, pressure of all kinds, it the yearly deficit (and summed, the national debt) and that if we no longer had a deficit, political extremist right and left wing views would get much less play. Right now, because we've allowed ourselves all these years of easy choices and (relatively) low taxes, we are in a pickle. I can assure you as one who has been in the highest tax bracket most of my working life, I don't like high taxes. But expecting the miasma that is America to agree on the solution is nearly impossible.
I will say that permanent tax decreases WHILE RUNNING A DEFICIT are a stupid idea.
...Pass the BBA and let's get on with the next century...
@Amen
ReplyDeleteThe beginnings of some DARK CLOUD COVER candles on a few of the recent high flyers today...
ben -
ReplyDelete"None of these statistics reflect regional or local cost differences, which can be immense.
A Mississippian earning $38,000 can live about as well as a New Yorker in pricey Manhattan with a salary of more than $93,000."
somehow i don;t see lb re-locating though.
"did I leave anyone out?"
ReplyDeleteFergilicious?
or maybe that domenico dolce?
Nic.. i was thinking the same as i was comparing June fri 18/ mon 21 to today.. quadruple witching.. earlier this morning..
ReplyDeleteit's an interesting chart..
i'm wary of the range trade for now tho.. not sure if it can continue on in its self-fulfilling capacity..
Okay, I give up. What does TWSWB stand for? This morning stunk for me. No big moves allowed in the first half hour on M-W-F...preschool drop off.
ReplyDelete72,
ReplyDeleteyeah, I saw that, but I immediately thought, well sure, the cost differences can be immense, but so can the salary that similar jobs command in each respective area, so that tends to cancel itself out, if that makes sense.
I'm going to make way more as an FA where I live now vs. my tiny hometown in northwestern PA, if I had the same income there as I do now, but the thing is, I wouldn't have the same income there.
McF -- sometime yesterday you were questioning whether nor not this was accumulation per Lowry's. Have you looked at Marty Chenard's Stocktiming? I haven't been there in ages but sometimes he has good charts on this subject. Also, cute name aside, Evil Speculator had a series about 2 weeks ago, maybe a weekend post, with very convincing charts showing behind the scenes distribution. Mole, the guy who runs the blog, is a bit of an acquired taste, but the data there is good and I don't see it in other places.
ReplyDeletethe wall streeter who blogs
ReplyDeletecomes from:
He is a blogger that writes about Wall St, I am a Wall Streeter that blogs.
iow, if you aren't in the club you don't really have anything valuable to say, just like if you aren't a PhD in economics you really can't have an valuable discussion about it.
@Anon
ReplyDeleteThose you mention are simply convenient "pin cushions"... Not out of HATE, but rather out of hypocrisy...
Anyone, myself included, who wants to run around carrying a handy APPLE BOX (and spout ad-hoc wisdom), better be ready to defend themselves...
Jennifer,
ReplyDeleteno I haven't but I'll take a look at it thanks.
I lean toward the side of distribution, it's what it "looks like" in the charts to me, and recent comments from McClellan, what I'm seeing with Put premiums, the II buy climax figures, and spastic sentiment help back that up.
the lowry's thing really keeps bugging me though, they've been around a long time and I respect that analysis.
@McF
ReplyDeleteHey - I have a lot of Dolce & Gabbana attire (including a very nice full length cashmere coat)...
I just don't use it as a car decal...
BR is so cool- a genius- and perfect-
ReplyDeleteif only we could all be him
"Including a very nice full length cashmere coat"
ReplyDeleteI've been looking at a nice moleskin coat because I need a new one and that can work for the office or casual, however, I've decided I'm going with a leopard print snuggie instead.
I detest the snuggie. I call it a "thnead." Have you ever read the Dr. Seuss book "The Lorax"? A "thnead" is a thing that no one needs! I went on a huge rant two decembers ago about the Snuggie because they were advertising it nonstop on CNBC...next thing you know my husband have it to me for Christmas. I've never seen my parents laugh so hard...boy was I pissed.
ReplyDelete@McF
ReplyDeleteThat's CV's one (well - maybe not ONE) glaring weakness...
I probably have more full length cashmere coats (in every color, and by every designer), than karen has shoes...
I've got a Hugo Boss, a Versace, Dolce & Gabbana, Armani, Jill Sander, Prada, & Zegna in the closet...
I'm hopeless in that category... (like you with watches, I guess)...
oops -- have was supposed to be "gave."
ReplyDeletespeaking of BR, I heard about those tornados in NYC this morning on my way in, he said:
ReplyDelete"I’ve never had a ride like this — an on rare occasion, I drive into the city with ush hour. That takes 60 – 90 minutes. This traffic was about 5X worse — it looked like a post-nuclear war. I was in the car for an hour just to get out the tunnel, and another hour before I got 2 miles east of the tunnel. It was simply unconscionable."
you know, if things were to get bad, the absolute last place I'd want to be anywhere near is NYC.
THNEAD - ror!
ReplyDeleteLooks like the ES VWAP retest failed.
ReplyDelete@Jennifer
ReplyDeletefor Christmas??? That's grounds for a divorce...
Good thing you're a Catholic!
I'm in a snuggie now
ReplyDeletethats hilarious about the snuggie Jennifer. I've had one in my hands at Best Buy like four or five times and I always set it back down before i check out, I end up looking at it and thinking....what am I doing?
ReplyDeleteHemp Snuggies, 2 for $5...
ReplyDelete(Sold out of Hemp Loincloths)
Did anyone else watch that Orszag video thru to the end...
ReplyDeleteOne thing that was clear to me was that he simply couldn't stand the POLITICS anymore...
cashmere moleskin snuggies
ReplyDeleteMy kids love it. They fight over it - literally. The 7 year old wants the kid sized pink one...she never saw an ad for something she didn't want.
ReplyDelete@mcF
ReplyDeleteJust think... When they come out with an "all-white" snuggie... You and all your friends can buy them and then wear them to Beaver Stadium in Happy Valley for a WHITE OUT...
C,
ReplyDeleteI would not have thought you'd have coats like that. Funny man. Sounds like you've got a nice collection.
I shouldn't worry so much about the clothes and such that I wear, it's really not so important in life, but ever since I subscribed to GQ as a social mood review I've become more of a Sartorialist
Ben,
ReplyDeleteEr, for gooberheads like me, I will take a pass on NYC at all times. I am not sure how they let the WSWB sit that long...it really was unconscionable I suppose..
10:58, that's a really good idea, maybe 10/30 this year that'd work, gonna be a little cold by then, or really cold potentially.
ReplyDeleteBruce,
ReplyDeleteno worries, I'm sure he'll be the first to have a jet pack once they come out.
@McF
ReplyDeleteThese cashmere coats go for about $3,000+ each at any store in Manhattan...
But I got them for about $600 each at the outlet stores of the designers near Florence...
CV.. I have a coat fetish, too.. only two cashmere tho, laughing.. but I bet you don't have a Prada wool/mohair leopard print with pleats on one side..
ReplyDeleteit was so cold here this summer i wore the long cashmere one on late night evening walks!
I was tempted to write
ReplyDelete"What BR? No helicopter"...
But I didn't want to waste my time...
can anyone see what $gaso is doing real time?
ReplyDeleteI'm sure he'll be the first to have a jet pack once they come out.
ReplyDeleteno doubt- dude's a toy junkie
Ugh...the pink snuggie lover just had a full frontal collision on the playground...resulting nosebleed on uniform on school picture day...bye all.
ReplyDeletecool chart Nic, thanks for sharing
ReplyDelete@karen
ReplyDelete"Prada wool/mohair leopard print with pleats on one side."...
Um - no -ROR
My Jill Sander is Mohair... My Prada is black... I usually end up wearing that one the most...
- Armani is camel
- D&G is deep navy
- Versace is white (when I want to "pimp" like P-Diddy - which is never)
- Zegna & Boss are grey
yeah, i was thinking you must have a small fortune in your closet there, some of those coats could easily run over $3k.
ReplyDeletelol Jennifers 11:05, can't wait till I have kids.
ReplyDeleteI haven't been able to pull the trigger on a camel coat, it's a little too "up-town" for where I live.
ReplyDeleteDelaware is not exactly a fashion hub.
I can't believe we are talking about coats right now...I gotta get to work, be back later.
ReplyDelete@McF
ReplyDeleteread (11:01)
karen-
ReplyDeleteis your coat kind of like this?
http://s9.thisnext.com/media/largest_dimension/B8615256.jpg
ben, re kids, remember there are cheaper tickets to insane : )
ReplyDeleteahab, N, O, NO!
cv, my jil sander cashmere is a pale pale pale rose.. : )
@ahab
ReplyDeletealways stirring up trouble!
ben -
ReplyDeletere income vis-a-vis location
my friend on maui advised first choose where you most want to live, then choose occupation(s) that will afford the live-style you wish to have there. he went successively (and succesfully) from bookstore part-owner to videographer to hyatt regency sous chef to hyatt's scuba franchise & independent scuba retailer to hawaii's first manufacturer of machine embroidered tourist wear.
How about "crude" breaking out of that wedge last Monday on the "tell" it was going higher?
ReplyDeleteSomebody please step in and stop the bleeding for those poor folks...
karen? you planning on helping those folks out and cashing out here? or are you gonna let 'em twist in the wind for a bit longer?
If religious cultures were to better appreciate science, I would expect a reduction in religious fanaticism (abroad, especially, but also here at home). Reminding people of their own scientific legacy/heritage is probably one way to revive their interest. So, I think Obama's intent here is a good one.
ReplyDelete(Whether NASA can actually do something about it would be an interesting conversation, especially if we could be a fly on a few walls and hear what ideas people come up with.)
@72
ReplyDeleteI've always believed in that philosophy as well...
Live in a place you like... If you're clever - success will eventually follow...
good for your friend...
ben -
ReplyDeleteeven bat has a camel hair coat out her in the wilds of sw ohio. course, i haven't had occasion to wear it since back-in-the-day as a sales exec.
@wunsacon
ReplyDeleteI'm not arguing with your PREMISE... But for the "n"-illionth time, CV is al about PRACTICAL application...
Tell me how anything Obama says is going to ever reach the ears of some oppressed Muslim living under control of a Mullah in some sand and rock infested wasteland?
Via high speed internet? on their i-Pads?
and how many "filtering mechanisms" must it go through before it eventually reaches anyones ears...
By the time it passes thru the sieve of Al-Jazeera, I'm sure Obama's message will read...
"It's still all George Bush's fault"...
I don't buy it in practice...
cv -
ReplyDeletegoing to let ride the paltry few shares of dto i have (but didn't double up on below 72 last week)
Karen @ 11:12-
ReplyDeleteoh- too bad
gotta roll- all have a good day
"Reminding people of their own scientific legacy/heritage is probably one way to revive their interest"
ReplyDeleteperhaps, but if one follows back that culture further than the men I mentioned above, their heritage is hardly one of math and science. Not even close. If you want to follow it all the way back to Ishmael this is quite evident, and whether or not one believes the Bible is true is not relevant to this discussion because Islamic tradition considers Ishmael the ancestor of the Arab people.
Anything Obama says is just more "smooth talk" to keep dipshit liberals locked on to the idea that we're really making progress...
ReplyDeleteLook wunsa... I know it's noble to THINK that way (and I'm not saying that we should give up all hope)...
But if you were around yesterday, I put up a video of a Popeye's FRIED chicken in New York that had advertised free, or discount buckets, and then ran out of chicken...
I mean... the people who weren't able to get their mitts on some were half ready to start a riot...
That's the world of "ideals" and "tolerance" we live in...
Maybe when some math whiz figures out how to get enough chicken to Popeyes to feed the mobs, I'll believe in Obamas unicorn stories...
The Tower of Babel...
ReplyDeleteIt fell... end of story...
cv -
ReplyDeleteno, it's not going to reach into the caves and redoubts of committed jihadists.
i have a retired college chemistry professor friend who takes contracts to teach at various universities in the mideast and who does 1-on-1 personal diplomacy with kids who may someday occupy positions of influence and serve as counterbalance within their governments and societies. it's the moderates (muslim, christian, jews, jains, sikhs...) who have to stand up against the fundamentalists, each within their own tradition.
regardless of what Obama is saying, why is it our responsibility as a nation to remind other cultures of their past?
ReplyDeleteI don't get it, why is this important?
shouldn't these other cultures know their own past without our help, shouldn't they know it far better than we do?
Although it shouldn't exactly be characterized that way...
ReplyDelete@mcF
ReplyDeleteDon't you get it?
It is the job of Obama to tell everyone how to think...
Looks like someone is trying to pin a 40 strike on JPM...
ReplyDeleteFrom DR today:
ReplyDelete"The bottom line is that if the core goods CPI were to ever revert to its historic lows of 2003 and bump against the current historic low in the core services CPI, then we would indeed slip into a mild deflation of -0.2%. Food for thought because that prospect is not remotely priced into nominal bond yields, even with the 10-year note sitting around 2.7% and the long bond yield just under the 4% mark."
I've yet to read anyone yet that claims sentiment is too bullish...reveals the bias that is still underlying the market, this is all we heard three weeks ago was how overly bearish everything was, now we get crickets.
ReplyDeletea random walk with an upside bias is what the net continues to hold on to I suppose.
Also, from DR:
ReplyDeleteThe sectors with the most impressive pricing power are:
•Autos (new and used)
•Tires
•Hotels
•Jewellery
•Computers
•Utilities
The sectors that are seeing a downtrend in pricing power are:
•Food stores
•Delivery services
•Furniture
•Home improvement
•Telecom services
•Video/audio equipment
•Toys
•Movies
•Sporting goods
•Clothing/footwear
•Restaurants
•Reading materials
•Hospital services
•Prescription drugs
•Sundries
•Apartment rents
•Pet products/services
•Education
Airlines
me: so it would seem this idea of inflation in the things you need, deflation in the things you want is still not happening, at least not yet. A forecaster would have to favor little to no inflation or at worst deflation, based on objective review of the data.
Oddly enough, we continue to hear about inflation concerns daily.
@McF
ReplyDeleteArt Cashin...
"Cocktail Napkin Charting – As noted above, the market stands on the banks of the Rubicon. The technical picture is unusually complex.
There are various aspects that are normally associated with topping patterns. Yesterday, it was announced by the American Association of Individual Investors that the percentage of bullish investors had suddenly soared to 51%..."
I love all the buzz about Elizabeth Warren and her new post.
ReplyDeleteanother strange thing if there ever was one, we already had a consumer protection agency, in case anyone missed that.
@McF
ReplyDeleteI'd still like to see a minute breakdown on FOOD INFLATION...
I think the aggregate numbers are skewed...
You can still get DOLLAR MENU items and the like, but those are loss leaders...
Go to the grocery store and it's easy to pick up sales on whole chickens, and large cuts of beef...
But TOMATOES 2.79 a pound?
Box of Cheerios almost 4 bucks?
loaf of bread 2-3 bucks?
Come on!
Hips, Knees Not Helped by Glucosamine, Chondroitin, Study Says
ReplyDeletehttp://www.bloomberg.com/news/2010-09-16/hips-knees-not-helped-by-glucosamine-chondroitin-supplements-study-says.html
---
So sorry... we took all your $$ and sold you some snake oil...
again...
Thanks for playing, and when you get some more money, we'll be around again...
“Some patients, however, are convinced that these preparations are beneficial,” Jueni, an epidemiologist, said in the paper. "We see no harm in having patients continue these preparations as long as they perceive a benefit and cover the costs of treatment themselves."
ReplyDelete---
Sounds like J6P in equity markets, doesn't it?
or... "Hope & Changers"
tradefast
ReplyDeleteQ: what's the difference between ireland and iceland A: one letter and two years
"Hips, Knees Not Helped by Glucosamine, Chondroitin"
ReplyDeleteit's about effin' time!
@karen
ReplyDeleteany topstep tweets?
looks as tho jjc will correct here.. or going into next week..
ReplyDeletelast one was about 22 min ago:
ReplyDeletemrtopstep
rt @optionmonster F'ing Awesome! SconsetCapital: @atask ROFL :) RT @jimcramer: Hilarious, tx MO RT @MOFinancial: , :-) http://bit.ly/coRDj2
several wavers counting the dow/s&P move off the futures high to the low as five waves
ReplyDeletebut....that isn't how that Naz looks.
try again.....
As the approximate 2.5 million homes in foreclosure complete the process, national delinquencies will fall, and REO inventory and short sales are expected to trend upward, according to a report released today by John Burns Real Estate Consulting.
ReplyDeletehttp://www.housingwire.com/2010/09/17/2-5-million-homes-in-foreclosure-shadow-inventory-rising-john-burns
@karen
ReplyDeleteAre you seriously trying to give CV an aneurysm by linking a Cramer video to a BEP sounding rap? - ror
is anyone else on the edge of their seat today??
ReplyDelete$TRAN ain't quite buying it yet...
ReplyDeleteIt hasn't been able to reverse the bad candle FED EX gave it yesterday...
I am, probably will be all week next week
ReplyDelete@karen
ReplyDeleteThe image of CV... in this moment... if you're interested...
Is someone sitting on his hands, (not in a snuggie), trying ("willing" actually), for the DOLLAR to find some kind of support here and IMPULSE higher...
My evil twin brother is a NINJA who is stalking Cupertino, California trying to get a clear (throwing star) toss at the jugular of Steve Jobs...
CV.. just will the spx below 1124 right now.. that should do the trick.
ReplyDeletei'm about to have a heart seizure i think..
ReplyDeleteInteresting little tidbit that CV just stumbled across (I'm surprised that I hadn't seen or noticed this before)...
ReplyDeleteI'm going to put up a new chart in the thread in a few moments...
Look at this... (as I said, I'm surprised I hadn't noticed this before)...
ReplyDeleteLook how the SEPTEMBER 1st candle basically "stick saves" the $TRAN from doing a DEATH CROSS...
Of course the SPX made it's DEATH CROSS back in July... $TRAN... No...
I remember mentioning this over the summer...
NEW CHART IN THREAD
the trannies got serious work to do if there is going to be a dow theory buy signal....serious work.
ReplyDeleteLULU is another that needs to come back to earth..
ReplyDeleteLuv that "stick save" CV..
BTW, I just got a sext from a friend that wasn't intended for me.. he is mortified!!! I am LOL!!! Gotta luv cellphones!
ReplyDeleteCV -- I find that TPTB use $TRAN a lot for their purposes...what about when Uncle Warren made his big RR purchase right at a very convenient chart time? In other news, blood cleaned up, tears wiped, jumper changed, picture prospects not so good, and darn CAT stop popped while I was out. I wish I were back in 2008.
ReplyDeletethis should probably be good for the weak demand:
ReplyDeletehttp://www.zerohedge.com/article/household-net-worth-plunges-most-q4-2008-government-borrowing-surges
I've still never done any sexting, and now reading that, I'll never do one, what if I sent something to my mom by mistake. goooo!
ReplyDelete"I wish I were back in 2008"
ReplyDeleteright?
twas such a simpler time....
one of his better threads lately:
ReplyDeletehttp://globaleconomicanalysis.blogspot.com/2010/09/myths-about-whats-economically.html
I accidentally sent a home handyman a love note email that was intended for my husband once. Both were very gracious about it.
ReplyDelete@McF
ReplyDeleteOn this chart...
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/shirakawa/Borrowings%20by%20Sector%20Q2_2.jpg
Gotta love this comment...
"The charts was all purple, there were people runnin' everywhere...
Tryin' 2 run from the destruction, U know I didn't even care...
Cuz they say 2000 zero zero party over, oops, out of time!...
So 2night I'm gonna party like it's 1999!"
@Jennifer
ReplyDelete"I accidentally sent a home handyman a love note email that was intended for my husband once. Both were very gracious about it."
LOL
Now the TRUTH comes out...
You were FORCED to forgive him for the Snuggie because of THAT mishap...
ROR
I dont' know how they measured but LA claiming that $111 million in stimulus created/or retained 55 jobs.
ReplyDeletewonder what LC thinks
the chart is nuts, if the government weren't going crazy deflation would be so undeniably clear....it will be in time anyway.
ReplyDelete@karen
ReplyDeleteLooking closer at that $TRAN chart...
If you count back the candles (to figure where the 50MA starts)... 5o days comes right to the day in July that it crossed up OVER the 200MA...
Interestingly - The AUGUST peak occurred a fibo 21 days after that cross...
Right now - of course... We're approaching the 55 fibo...
Some of the other intermittent waves were fairly closely aligned FIBOS as well...
Just an observation...
Long LC...
ReplyDelete5 days from now (50 + 5)...
ReplyDeleteWill be around I-Man's birthday...
...& I'm sure McF has some other astrological significance to add...
If we roll over... I'll celebrate by eating Quinoa with A-1 sauce... :-)
Oh MY! that DTO spike was a thing of beauty.. had a limit order in to sell about 1/3 of my DTO at 81.51..
ReplyDeletecan't believe i finally did something right, rolling my eyes..
ReplyDelete@karen
ReplyDeleteHow could crude have possibly been down this week?
Didn't you know?
This past Monday, it broke out of a wedge... That was the classic "tell" that it was going higher...
What kind of a chartist are you anyway? - ror...
You know...
ReplyDeleteLooking at that $TRAN chart even closer... The day that it moved up over the 200MA (in July), was also about 50 days (47 to be exact - but at the same level) from the April highs...
It was almost as if to say...
"Oops - I better rally here on zero summer volume a little... Otherwise those post FLASH CRASH closing tallies are going to make me start looking bad"...
"...& I'm sure McF has some other astrological significance to add"
ReplyDeletewell, for starters I and I have almost the same exact birthday one year apart so that makes it significant all by itself, that much is clear. :-)
there is some astro significance:
9/22 is the Autumnal Equinox as I-man mentioned before, Five planets are in Water signs then, and emotions are supposed to be 'high' in that period.
A full moon at zero aries is also supposed to reignite the cardinal climax, so just watch your ass.
a while back a lot of people misinterpreted crawfords comments on the cardinal T climax, it didn't have to mean a stock market crash, there were some very bad things that happened in the world then, they just weren't in a stock market or in the US, go back and look at the dates, there were floods, etc.
so, I would expect next week to have some sort of major "news" development, whether or not that is for stocks remains to be seen.
@72bat
ReplyDeleteAre you cashing out of your DTO here?
Or are you a greedy SOB?
nice trade karen
ReplyDeleteCurt Flood was a Cardinal...
ReplyDeleteI know that...
yeah - nice trade...
ReplyDeleteI'm like McF
I can't trade crude worth a damn...
I'm pretty good with ways to store PHYSICAL energy (for the apocalypse) tho... :-)
As for SPX...?
ReplyDeleteI still dunno...
Something in my gut tells me that whatever the PRICE level peaks out at... It's going to be equivalent to something like a "70" RSI on the DAILY...
Don't anybody trade off that tho... (and I know u won't)...
remember earlier in the thread I was talking about JPM?...
ReplyDeletewell - whoever, probably got their "40" pin...
39.99 (low of the day)...
CAT
ReplyDeleteNew high for 2010...
yep, look at that thing
ReplyDeleteit's growling
CHICAGO (Dow Jones)--Caterpillar Inc. (CAT) received a $641.2 million contract to provide more than 900 soil scrapers to the U.S. Army and Marine Corps, the U.S. Defense Department said late Thursday.
ReplyDelete@Mcf
ReplyDeleteout of the side of my eye... I'm going to see if CAT acts as some kind of BELLWEATHER or PROXY for what I described at (2:16)...
See if it hits around a 70 RSI & rolls over...
For AMUSEMENT, of course...
@karen
ReplyDeleteSounds "priced to perfection" then - ROR
exactly, CV, exactly..
ReplyDelete@Karen,
ReplyDeleteNice joke. I have a feeling only readers around here find it amusing.
@CV,
Bread is the biggest difference I have found. All breads really, I picked up some hotdog buns for a family/friend BBQ over the summer and the buns were nearly 2x the cost of the buns - and it wasn't the by-products hot dogs!