Let my good friend ROCK tell you about YO-YO's...
Rocky
written (and performed) by Slyvester Stallone
Rocky: Eh, y'know, when I was your age, there was only one girl in the whole neighborhood who talked like that, y'know what I mean? That was it, just one. (as she lights a cigarette) Whatta ya doing? C'mon, it'll make your teeth yellow, don't do that!
Marie (Jodi Letizia): I like yellow teeth!
Rocky: It'll make your breath like garbage.
Marie: Maybe I like garbage!
Rocky: C'mon, nobody likes garbage (he throws the cigarette away) Anyway, this girl with the dirty mouth, she wasn't bad-looking but y'see, none of the guys ever took her seriously, y'see? They never took her out for any serious dates.
Marie: Why?
Rocky: Because that's the way guys are. They laugh when you talk dirty, they think you're cute, but after awhile, you get a reputation and that's it. You get no respect, y'understand? You get no respect! I gotta use a bad word: whore. Y'understand? Whore. See, you use dirty words and maybe you seem like a whore, y'understand. (he opens a door for her)
Eh, it don't matter that you're 12. It don't matter. You don't really have to be one, you just act like one and that's it. Boom. Eh, you get a bad rep, y'understand? Twenty years from now, twenty years from now, people'll say 'you remember Marie?' ("playing both parts") 'No, who's she?' 'She was the l'il whore that hung around the Atomic Clothing shop.' 'Oh, yeah, yeah, yeah, now I remember her!' Y'see, they don't remember you, they remember the rep! Y'understand? Eh, you gotta boyfriend? No, you ain't gotta boyfriend? Y'know why? Why do you think you don't got a boyfriend? Because you hang out with those coconuts on the corner, y'understand? You hang out with coconuts, you get nowhere. They're eleven, eleven. You hang out with nice people, you get nice friends, y'understand? You hang out with smart people, you get smart friends. You hang out with yo-yo people, you get yo-yo friends! Y'see, it's simple mathematics. I hope you ain't gonna--
Marie: (interrupting) I won't!
Rocky: What was I gonna say?
Marie: You hope I stop acting like a whore so I won't turn into one, right?
Rocky: Yeah, something like that.
Marie: 'Night Rocky. (at the porch of her tenement apartment)
Rocky: 'Night Marie. Eh, take care.
Marie: Hey, Rocky?
Rocky: Yo?
Marie: (giving the finger) Screw you, creep-o! (she leaves)
(Rocky shuffles off down the street, looking frustrated and sad)
Rocky: (to himself) Yeah, who are you to give advice, creep-o?
---
CV knows about being a YO-YO... For instance... I put up some YO-YO charts (just yesterday - & not the first time)...
I used to do some YO-YO athletic events...
I even used to TRAIN some YO-YO's (and choreograph their YO-YO stage routines, for YO-YO foreign television)...
So I suppose I sort of "fit in" in this world of YO-YO's... I'm where I need to be... But a word of advice (from a YO-YO)... If you all want to take a GIGANTIC LEAP forward in your careers... All you have to do is embark on a never ending quest in finding the ULTIMATE master in the art of YO-YO'ing...
Don't know where to start?... Well - Word of advice: (NOBODY can "ball" like my man here)...
As far as crappy things like blogs... Don't worry about that... I'm pretty sure the BLOGOSPHERE is chock full of YO-YO's (not to mention blogs filled with YO-YO philosophies & hoardes of YO-YO bloggeteers)... In fact, I'm guessing all those are only a click away...
And back to ROCKY (sorry to have gotten off track)... How did things end up for you my good friend? (who understands YO-YO dynamics)...
CV,
ReplyDeleteThat is some crazy abilities in that video.
Re: markets.
MarketWatch headline says it all today:
"Street basking in optimism"
Interesting tidbit from the world of retail: Yesterday, I received an email from Talbots -- special 30% off sale, on line only, for 3 hours in the middle of the day yesterday. So, I logged in and bought a coat. Today I got an email telling me that the response to their special offer was so overwhelming that all the coats like the one I thought I bought are sold out so no coat for me!
ReplyDeleteI tried the move where you bring your legs back to the front all while standing on your hands in the living room this morning
ReplyDeletegiant FAIL
out cat enjoyed it though
CV
ReplyDeleteGood show there.
The "squeeze" started between 3-3:15 EST. Bastids.
ReplyDeleteI am speechless and in awe !! and smiling so big at this morning's audibles.. inspiring and, and, and... amazing! : )
ReplyDeleteTime to pick up a yo-yo and get with the program..
Must read: Whistleblower on Fraud-Closure
ReplyDeletehttp://www.greenfaucet.com/the-market/whistleblower-speaks-on-fraud-closure/95453
CV
ReplyDeleteHere we go again with another shot at the reversal price...
..."Get on yer feet, Rock!"
ReplyDelete(Does "Rocky = dollar"?)
sweet! diana_olick
ReplyDeleteFHFA: Fannie/Freddie may need up to $363 billion from Treasury thru 2013. They've already drawn $148 billion.
goog attacks : )
ReplyDeleteBloombergNow - Google 2.4% Rate Shows How $60 Billion Lost to Tax Loopholes http://ow.ly/2X2CG
zerohedge - How Google's Refusal To Pay US Taxes Means US Taxpayers Fund Its Innovation, Resulting In A Benefit Of $100/Share http://bit.ly/989zII
Love the Rocky references....
ReplyDeletefrom topstep: Thursday? Look below at all the names reporting. We are now in high gear with the earnings season. People can say what they want but the SPZ is “back and filling” and we would not be surprised we see another big rally today. Jason C and I were talking at the desk yesterday that we thought 1190 would be on TAP today. This morning we will get a look at Jobless Claims and Conference Board’s index of leading economic indicators. In Asia 8 out of 11 markets closed higher. In Europe (at 6:20 am ct) 10 of 10 markets are trading higher. Our call? We have a lot of reports to get through but we also have a lot of buy stops to run just above. Buy stops start at the 1181.50 level up to 1186 and again at the 1189.00 to 1193. You take it from there… see you on the IM
ReplyDeleteunderstand now all the comments a few weeks back when the videos came and went. kudos, cv.
ReplyDelete(k - think it might take more than just pickin' up a yo-yo, tho' imagine you have a great many out there from which to choose)
Speaking of speculation the hottest part of the market the past week has been rare earth metal stocks; I looked at a few of these over the past few days and most have zero revenue as they are mines in development. No matter - many of the stocks are up 100%+ in a few days. This is a carbon copy of fall 2007 - banks struggling, everything else going ballistic, and the Fed will save us from everything.
ReplyDeletehttp://www.fundmymutualfund.com/2010/10/testing-qe2-rally-highs.html
I'm looking for some red by the close, yesterday was a high probability up day after the massive distribution, I think that's about a 71% hit rate on that now.
ReplyDeleteBen, me too.. seeing it in some retail names.. xrt, not in rally mode either.
ReplyDelete@Karen:
ReplyDeleteI think that Google's effective 22 percent rate is plenty high and shows that it's 2.4% international tax rate is overwhelmingly offset by the excessive U.S. tax rate.
I'm all for paying taxes that are due, but this idea that income earned overseas by overseas subsidiaries, subject to local tax laws should then be taxed again by the United States (as a tribute to the empire?) seems like a stretch. It will certainly draw a lot of political criticism, but I'm not hot on it.
karen,
ReplyDeletethat said....I sat around all night wondering if there is a long trade to be had in the banks, we all seem to keep missing the sector rotation that is going on. Crazy, I know.
I'm still impressed by the splits CV...should change your handle to gumby.
ReplyDeletePS: If they just adopted your "No tax; print money to pay for the budget" approach, this wouldn't be an issue :D
ReplyDeletea hard bodied gumby ?
ReplyDeleteAnon @ 10.. agree! i just thot the attacks were funny.. or curious.. i didn't dig into the nitty gritty of it..
ReplyDeleteSorry peeps...
ReplyDeleteI was out this morning...
@McF
What I REALLY want to see is what your cat does when you start doing some of dem YO-YO tricks...
ror
(that dude can seriously ball)
karen, make no mistake, gumby may be flexy...but that guy is in shape! he's "rock hard"
ReplyDeleteSPX has climbed to the top of the mountain. Now will it stay there or fall off in the next six trading days?
ReplyDeleteNEW YORK (Dow Jones)--Deutsche Bank (DB) sold its first commercial mortgage bond in more than three years to strong investor demand.
ReplyDeleteThe top-rated tranche of $413 million and 4.41 years sold at a yield of 2.429%, while the bottom tranche priced at a yield of 8.743%.
AR, not yet it hasn't! 1220! would be a matching mtn top but we could go much higher.. $gold lagging, however
ReplyDeleteA report on Monday by CreditSights is the latest sign that the biggest cost to banks from the mortgage crisis could be home-equity loans – whose credit-card-like aspects tend to keep borrowers current long after they've maxed out the first mortgage.
ReplyDeleteCreditSights estimates that Wells Fargo has the most exposure to home-equity costs, at $7.8 billion. JPMorgan Chase is right behind with $7.2 billion, followed by Bank of America at $4.9 billion and Citigroup at $3.6 billion. However, the expected lag in performance has allowed big servicers to prepare for the coming HELOC write-offs.
http://www.housingwire.com/2010/10/21/foreclosure-crisis-home-equity-loan-time-bomb
@Amen
ReplyDeleteLet's start with TODAY's candle first...
See how it goes from there...
Cue Rocky theme song in I-Man's dome...
ReplyDeletehttp://www.fundmymutualfund.com/2010/10/bookkeeping-rebuying-spy-calls.html
ReplyDeleteI will try this breakout purchase of SPY calls once more; this time I am going with the November 119s over yesterday's 118s. I did a 4.2% exposure and will use the breakout level of S&P 1185(ish) as my stop... often the past 6 weeks I've been quickly stopped out, and then within 24 hours we are back to the races as HAL9000 makes me look human.
For those keeping track at home the 13 day moving average is up to just under S&P 1170.
We seemed to react very strongly to what looked like very average economic data released at 10 AM, but in a buying panic nearly every news is a reason to buy. There's no party like a Ben Bernanke party.
In many ways this market has become extremely boring as it is no longer 2 sided.
RARE EARTH bitchez...
ReplyDeleteMCP
If a second higher low on the weekly swing chart occurs and the subsequent behavior is constructive and if the S&P regains the 1184 "square out," then the implication is a test of the April highs before the end of the year. And, I don’t think it would stop there -- I think if 1185 is recaptured, there's a better-than-average likelihood that the April high will be exceeded with the S&P extending to 1245/1250 and as offered recently.
ReplyDeletehttp://www.minyanville.com/businessmarkets/articles/jeffrey-cooper-investing-strategies-market-analysis/10/20/2010/id/30670
.85%
ReplyDelete.82%
.82%
trading bots! gotta luv 'em
spy filled its gap at 119 from May 3-4...
ReplyDeleteWell...
ReplyDeleteI had the first part of this comment right from the other day...
But the 2nd part waaay wrong...
---
cv said...
@Amen (11:39)
All I'm doing brother is THE MATH...
But, if you want to know... This morning, I put a 100% hedge on my "short" positions (which was about 40% short and 60% cash of total portfolio - not counting a little insignificant SHORT GOLD thingy I'm holding onto and still getting murdered on while my bullion goes to the moon)...
If you want my 2 cents (which is worth 4 cents if you have pre-1982 pennies in your collection, OR... 2.5 cents if you snip a nickel in half like the ROMANS did)...
I'm starting to get interested in Neely's count (per Ben)... But I still think we could correct further here (A-B-C'ish)...
Let's say 1155 is the target... Not MY target, just "a" target...
Maybe it won't happen today, or tomorrow (a POMO day)... But perhaps either after POMO tomorrow... or after 2PM (where we seem to always get the "echo" POMO), the market may start to dive...
Sheep boy predicts a BAAAAAAAAAAHHHHHHHHD Thursday, then probably a "catch" on Friday (which seems to have become the NEW momo Monday)...
I could be right or wrong, but that's my playbook, (which is not, in fact, a beach ball)...
Remember though... I pointed you all to 5 units on the Texans over the weekend, and 4 units on the Jags... so my record may be dubious...
October 19, 2010 11:51 AM
---
(although we're still stuck in a different version of the wedge I was referring to yesterday)...
---
actually, it was "sheep boy" who made the wrong call...
ReplyDeleteso CV is exonerated :-)
you can be skeptical of this if you want, but there is a kink, or turn, in the SPY ADX line.. meaning a turn is coming.. i'm satisfied that the 119 gap was filled, too.
ReplyDeletetwo very important items not buying the dollar's decline today.. crude and gold.
ReplyDeleteanyway, there is no way in hell this humans are trading this market.. the synchronicity of the indices is all you need to see.
ReplyDeleteConvertbond
ReplyDeleteDividend payment on Berkshire's preferred shares have cost Goldman about $1 billion so far, $15 a second every day.
@karen
ReplyDeleteI think it needs to print 119.20 to fill that gap...
Speculation:
ReplyDeleteIf banks are forced to take back loans, that will just reduce excess reserves. Just like the excess reserves didn't help the economy, removing them won't hurt.
But, what will the investors do with the cash proceeds??? What will they buy?
...
Alright, I gotta go. But, if anyone has any thoughts about that speculation, I'll try to search for it later. (Hopefully, I can find it in 300+ comments...) ;-)
actually, when i look at historic prices.. the gap would have been filled at 118.003
ReplyDeletemaybe i am missing something : )
NICE db top on NFLX with this short squeeze.. that is something to see!
ReplyDeletedo watch gold and crude.. interesting divergence with the dollar and indices..
ReplyDeletekaren,
ReplyDeleteyeah I like that gap filled, as there are 20 unclosed gaps now below and back to back unfilled gaps just below 1,100.
@karen
ReplyDelete(re: NFLX)
Maybe someone crunched some numbers this morning and figured that a video rental company was only worth $7.99 billion instead of $8...
see what happens when you don't do your homework? - ror
nflx shareholders will have great sadness at some point, that much is certain, it's like the 90's all over again there, but I would short into a stock like that, if you are lucky enough to hit the top you'll likely make a killing.
ReplyDelete@mcf (10:59)
ReplyDeletex2... x3... x4... x1,000.618
wunsacon,
ReplyDeleteI think maybe you underestimate the size...the execess reserves are not nearly enough to take back all the loans, it appears if ALL needed to be taken back then they would all be insolvent.
11258.01, can we get there today? seems totally possible.
ReplyDeleteNew DIA high on the year today, too. I like the way the DIA performs better than the $indu..
karen,....am I getting bad prints, i see S&P way out of synch with nas and dow right now?
ReplyDeletenot that I don't agree that lots of bots are trading....
ReplyDelete@McF
ReplyDeleteI'm still wondering why people really even bother with NFLX
I download all the movies I want for FREE on DVR from FIOS...
LB has returned to Gotham from a rainy San Diego.
ReplyDeleteMight that beautiful woman he saw across a crowded restaurant have been the lovely Karen? Was that her - the beauty climbing into her Porsche outside a downtown hotel? Sadly, LB will never know....
LB will tell you one thing, though: bonds are toast. On Tuesday we had a major reverse in equities, and LQD and AGG barely moved, where normally you would expect a big rally in bonds on risk aversion. That, my friends, is a very bearish sign for bonds, except for high yield.
tradefast
ReplyDeletemarkets provide stimulus for economy- past 4mos spx+15%, mtg rates -40bp, junk ylds -100bp, dxy -13% & shanghai up 12% in 6 days
(he is short nflx, btw.. )
i think you are getting bad prints, ben! spx and dow .87% even
ReplyDeleteoh, LB, you are so full of IT!! please !!
ReplyDeleteshet, I am...for some reason it has the open on S&P at 1159, lol, can't believe I didn't notice...Im' sitting here thinking S&P is actually up almost 2%....moron.
ReplyDelete@LB
ReplyDeletewelcome back...
on bonds... what's your take on this?
During this equity rally, bonds rallied as well... (causing the divergence pattern on the 10y vs. ES chart that karen, myself, KD, & Rosie point to out of frustration just about every day)...
So why not close the gap?
IOW... Bonds sell off... Equities sell off...
The ultimate SELL THE NEWS EVENT on QE2...
(Just like the December 2007 FOMC meeting - as I have drawn comparisons to before)...
BTW, speaking of HYG.. the div has fallen from .70 in Oct 2009 to .59 this October.. i expect it will continue that trajectory..
ReplyDeletethat's .70/share of course.. while the price per share has gone up about $10.
ReplyDeleteNFLX @ $175! we hardly knew ye!! tears, tears...
NicTrades - %BAC is dying
ReplyDeleteben, do you see these %s still!? UFB.. .66 .62 .62
just the market "pricing in" the great future of the company karen
ReplyDeletethey are efficient you know.
my S&P is still wrong, everything else looks fine though, not sure what the trouble is, not really trading anyway though so it's ok.
ReplyDelete@Amen
ReplyDeletebelow 1186...
Wayne says... "No stairway... DENIED!"
UUP at HOD.. (don't look!)
ReplyDeletemarket tracing very similar forms to the april top
ReplyDelete"IOW... Bonds sell off... Equities sell off...
ReplyDeleteThe ultimate SELL THE NEWS EVENT on QE2..."
Yes, I think this is probably correct in the near term. The only beneficiary of a QE2 announcement will be BUCKY. Unless the QE2 is >$1T, of course, he said, wincing...
Some bonds will certainly sell off (Treasuries and low yielding corporates). The question is: where does that money go? Some will surely eventually go out the risk curve into HY bonds and MBS etc.., and some will eventually go into equities.
Equities may not sell off as much as some expect. Stocks that are sensitive to dollar carry (oils, metals, industrials) will be hit hard, but the DDs (domestic divvys) probably will do OK.
Gold/silver are likely to drop, we may see a major clavadista.
"Dividend payment on Berkshire's preferred shares have cost Goldman about $1 billion so far, $15 a second every day."
ReplyDeletewonder how warren's % roi in gs stack up against the much vaunted returns on tarp "investments" in banks?
@McF
ReplyDeleteIs NFLX getting "The Olympics" (or something)?
what idiot is not taking their nflx profit !!! you'd think that would drop like a rock! reminds me longingly of the day i took QCOM for 16 pts into the close on a short squeeze.. dumped it in the last minute.. : )
ReplyDeletetook my friends out to dinner last night : )
i meant, THAT night! not LAST night !!
ReplyDeleteWhat a joke this shit is...
ReplyDeleteCAT taking a little beating today
ReplyDeleteoh, this is sick: .51, .51, .48
ReplyDeletei'll tell ya, ben, the dollar is about to stage a comeback..
ReplyDeletehey.. don't say i didn't tell you about that ADX kink..
ReplyDeletelol, guys, you gotta browse dan's board today, there's not many comments at this point
ReplyDeleteenjoy.
Karen,
ReplyDeleteI hope you are right about that POS! I'm not very long but I'm .....exposed, if you will. It's been a bit painful of late, but that's trading.
there's a rev h&s on dzz.. gld chart is something else.. wonder how much margin is in that...
ReplyDeleteany of you listen to Guster?
ReplyDeletewe are going to see them tomorrow night, got free tickets, should be fun.
really, really, really, this has to freak the old traders out.. .58 .58 .56
ReplyDeleteWe are really getting close to the CLAVADISTA d'ORO.
ReplyDeleteLB hopes there is a lot of margin in GLD.
ben -
ReplyDeletegoog finance has s&p up 19 pts. apparently it's tracking/calculating from tuesday's close
Stick a fork in this fraud rally...
ReplyDeleteShit is done.
yeah bat, I noticed that...mine is fixed now...like magic.
ReplyDeleteWhat's media speak for "rejection of 1184 time/price square out?"
ReplyDeleteI'm sure they'll think of something...
in looking for a steel anecdote, I found this:
ReplyDeleteThe crash started on October 24, 1929 as well as the slide continued for three business days, ending on October 29 1929 (as we can see, the crash didn't happen within the '30s, as many folks believe).
The initial day of the crash is known as Black Thursday, and also the last day is known as Black Tuesday. The crash began when a rush of nervous spenders panicked and rushed to sell their shares- around 13 million stocks had been sold on that 1st Thursday.
ben @ 11:37 -
ReplyDeletehmmm - it still effed on my screen (browser issues?)
CV
ReplyDeletehttp://www.youtube.com/watch?v=hqTy26gPE54
I-Man, did you read the Jeff Cooper piece? He's actually bearish but I posted his most bullish case..
ReplyDeleteOf course!
ReplyDeleteHe's the best of the best...
denninger:
ReplyDeletePhilly Fed: Margin Compression Be A-Comin'
"net change of 4.9 for prices received, while prices paid increased 22 points. AIEEEEE!
"But that's a one-month thing. What's expected for six months out is horrifying - a 25.1 point increase for prices paid, with a 5.5 increase in prices received.
"That's horrific margin compression folks, and flies straight into the face of those who are expecting "earnings improvements" across companies to continue"
@Amen
ReplyDeletelol
@72 (11:57)
ReplyDeleteYou can only thank Benny-boo for his bearded wisdom...
AGG used to pay 33 cents/share.. now .26
ReplyDeletehttp://www.ritholtz.com/blog/2010/10/foreclosure-nation/
ReplyDeletewhat was it that Andy told us about mtg lending in TX ?? that's why there were so few foreclosures there..
http://www.businessinsider.com/bank-ceo-david-widlak-michigan-death-execution-style
ReplyDeleteGold slide helping boost greenback
ReplyDeleteWritten by Jamie Coleman
October 21, 2010 at 15:50 GMT
Looks like gold is trying to send us a signal after all. Prices have fallen to a fresh low for the week at $1327.25. A sustained break below $1330 could help give the dollar a boost across the board.
UPDATE at 16:01 GMT: I’m just hearing there was a stop-loss sell order for 800,000 ounces of gold below $1330. The snipers hit their target and now gold is rebounding modestly, at $1331.75.
Karen
ReplyDeleteI need to reread that Jeff Cooper article. But doesn't the sun begin rising 3 (fibo#) days after the winter solstice? So is he viewing the "natural" year from when nature springs forth or when the sun begins its ascent?
Ben, this is for you! "Christine O’Donnell Introduced to Concept of ‘Separation of Church and State’ for the First Time"
ReplyDeletehttp://nymag.com/daily/intel/2010/10/christine_odonnell_introduced.html?f=most-commented-intel-7d5
AR: Legendary trader W.D. Gann believed that the "natural" year begins on the Vernal Equinox, or March 20/21. The sun rules the seasons, which are defined by the solstices and equinoxes.
ReplyDeleteIf you begin the year with the start of Spring on March 21, then the end of the first month, or the end of the opening range of the year, would be on April 19/20.
Vernal equinox, March 21...
ReplyDeleteFor ref:
ReplyDeletehttp://www.gann.co.uk/gann-Square-Of-Nine.htm
See how 3/21, and 9/22... the equinoxes, make two points of the cardinal cross?
And the solstices make the other two...
ReplyDeleteremember TSLA? well, we gotta new one today.. VRA..
ReplyDeleteanother for the UFB file: Handbag designer Vera Bradley Inc. (VRA) rose swiftly in early trading Thursday after its IPO.
ReplyDeleteThe company's stock opened at $23 on the Nasdaq, up 44% from its initial public offering price of $16; it was recently trading at $22.95 a share, up 43%. A total of 11 million shares were sold at the high end of its expected $14 to $16 price range.
Vera Bradley designs and retails such accessories for women as handbags, wallets and duffle bags for travel. It sells its products through independent and national retailers such as Crabtree & Evelyn, Barnes & Noble (BKS) and Hallmark stores. The majority of its net revenue is derived from sales through other retailers, but the company also operates a small but growing base of its own self-titled stores.
Todays Mr Topstep "George Cavaligos on failed auction" $$ http://bit.ly/9qi2gf
ReplyDeleteOptionRadar - HR Block ($HRB) panic setting in with 12,750 Jan. 2012 $2.50 Puts Trading
I'd say something about how the sun is born or begins rising after the winter solstice and how nature is reborn after the vernal equinox for another day ;-)
ReplyDeletegld making new lows on day and week..
ReplyDeleteSAN FRANCISCO (MarketWatch) -- Nucor Corp. swung to a third-quarter profit, the steelmaker's financial results showed Thursday, as management cautioned that business may slow.
ReplyDeleteNucor shares fell 4% in midday trading.
LB.. this one really is for you! (posted above.)
ReplyDeletehttp://mrtopstep.com/2010/10/21/george-cavaligos-on-failed-auction/
"I am now attaching myself back to the Matrix. Wake me up when Neo breaks the machine." (read the whole thing!)
ReplyDeletehttp://www.fundmymutualfund.com/2010/10/trying-to-think-like-hal9000.html
Interesting little reversal going on...too bad the 5 min ES has a "3" look to it...so far at least. I've got the littlest troublemaker home today which is crimping my style ...plus the much needed cleaning lady was here...you might think that would mean that she does the cleaning and I get out of the way, but you'd be wrong. Tempted to grab some NFLX puts right here, but not enough time to babysit them.
ReplyDeleteKaren
ReplyDelete...I really wasn't paying attention to George
Vera Bradley?
ReplyDeleteHer purses/little bags were hot maybe a year or two ago out here but I dont' see them as much anymore....didn't realize she was going public.
is she big in Cali karen?
still looking for more red today.....
Ben.. never heard of those bags/accessories until today..
ReplyDeleteSelling of gold, 2yr, AAPL. Buying of TIP. Something's wrong with this picture.
ReplyDeleteRE: Christine Odonnell...man, I can't esacape this lady.
ReplyDeleteOk, here's the thing, she's an idiot...yes, however, if cornered in such away I highly doubt many senators would be able to recite the constitution, can anyone here? I can't.
I think the real issue with her, from what I can tell, is that she's a "talking points" candidate, she simply repeats all the things the people that will vote for her have said themselves, like "don't raise my taxes" and therefore she is NOT a leader and has no originial ideas, iow, a vote for her is also not a vote for change.
Karen -- look at the even better double top on FCX -- the second peak is cleaner since it didn't break the high of the first and it is already down big intraday.
ReplyDeleteKaren,
ReplyDeletereally?....they sell at Target, i see her bags at Barnes and Noble every time I go, probably not as much on Rodeo Drive though....hehe.
Jennifer,
ReplyDeletethoughts on the CAT chart?
this is at ZH, but perhaps easier reading here: (and effing fascinating, i might add!)
ReplyDeletehttp://dealbreaker.com/2010/10/fx-concepts-john-taylor-cant-get-over-the-similarities-between-hitler-and-ben-bernanke/
McF -- don't tell me that you're too young to have memorized the Preamble at least to the tune of Schoolhouse Rock.
ReplyDeleteThat rising wedge on the SPY is about to break to the downside.
ReplyDeleteAs I get older, I find incredible beauty and wisdom in the founding documents. I listed to a "town hall teleconference" with Mark Kirk last night. If the founding fathers could have heard the callers, they might have supported a dictatorship. Every single person who called in was 1) a complete moron, and 2) interested only in how to get more for themselves out of the system. We are so screwed.
ReplyDeleteI saw a few Schoolhouse rocks, though as a kid, I was more in the down with Fraggle Rock crowd, and GI Joe.
ReplyDeleteRe: CAT -- I think we need to see a meaningful break of the 20 DMA before anything really gets going. I can't buy it fundamentally, but I can't make money shorting it for more than 5 minutes at a time.
ReplyDeleteIn 7th grade, we had to memorize and recite the Preamble. It was a struggle for everyone in the entire class to say it and not sing it. Points off for singing.
ReplyDelete@karen
ReplyDeleteI'm certainly not going to defend Christine O'Donnell (because she appears, politically, to be a nitwit)...
But let me add something to this "separation of church & state" issue...
It was definitely an intelligent (and defining) element, put forth by this country's founding fathers, to establish this in our constitution...
But what bugs me is the "letter" to which liberals seem to like to guide the issue...
It seems that whenever their backs are against the wall, their FEAR MONGERING tactic is to portray all conservative types as religious zealots (which is FAR from the truth)...
I'm going to go out on a limb and make a prediction here... As far as the issue of "separation of church & state" is concerned, we're far more at RISK to lose that if liberal guidelines are followed to the "n-th" degree, than conservative ones...
How and why?... Easy...
As with other parts of the world, sooner or later, the issue in this country will be Muslims versus Judeo-Christians... It's INESCAPABLE (and if you don't believe it will eventually be an issue in the USA then you're blind or stupid or BOTH)...
Basically, it's just a numbers game... As soon as the Islamic population reaches a critical mass in a democratic society, they'll start demanding "exceptions" to laws so that they can abide by their faith (this is already happening on a local level but the media doesn't focus on it because it would rather believe in the tooth fairy that all Muslims will eventually become secularists who simply practice their religion in private...
Islam IS NOT A RELIGION people, it's EVERYTHING... A faith, a political ideology, a way of life... When they reach a voting majority, our constitution will never be seen or heard from again... It will be replaced by Sharia Law...
That's just a fact...
Now - I'm not sitting here saying we need to start a FIGHT to "nip this in the bud", so to speak... I'm certainly not saying that we need to attempt to place any controls on the spread of the Islamic populations...
From my perspective... what happens will be what happens... But believe you me... Unless they decide to do some fundamental change to Sharia Law in the next couple of decades, when critical mass is reached... well...
Smug little Rachel Maddow (who makes a living pointing fingers at INTOLERANT conservatives, and preaching liberal ways)... Will be getting herself fitted for a burka...
It's because she never bothered to play the moviola out until the end...
"It seems that whenever their backs are against the wall, their FEAR MONGERING tactic is to portray all conservative types as religious zealots"
ReplyDeleteI basically agree with this observation, in fact, all morning on the way to work this is exactly how they discussed CO on the lefty radio station I listen to in the mornings and then went on to label all republicans, or "at least those in the tea party" as beinig the same.
oddly enough, many of the same people claiming that people on the "other side" are religious zealots also seem to be the one's that go absolutely insane if someonoe does not clarify "radical islam" when speaking about the islamic faith in a negative way.
ReplyDelete$99 Billion In 2,5 And 10 Year Bonds On Deck
ReplyDeleteSubmitted by Tyler Durden on 10/21/2010 12:13 -0500
Total Federal debt as of last night was $13.7 trillion. This is obviously insufficient. Which is why the Treasury just announced its latest refunding announcement in 2, 5 and 7 Year Notes. The total: $99 billion in new debt to come. Which makes the Fed happy: more bonds to buy shortly. It also makes it nervous, since with debt with a 10 year+ duration just under $600 billion in total, it means that very soon the Fed's average holding duration will drop from its current 4 years to even lower.
Here is the breakdown for upcoming issuance with auction date:
October 26: $35 billion 2 Year notes
October 27: $35 billion 5 Year notes
October 28: $29 billion 7 Year notes
Jennifer,
ReplyDeleteI probably did something like that at school at one point, for better or worse, all the things I remember best that we needed to recite have to do with numbers.
I was an early adopter of Number Munchers:
http://www.google.com/images?hl=en&q=number+munchers+images&um=1&ie=UTF-8&source=univ&ei=jHXATNj5LI6ynweuu9DvCQ&sa=X&oi=image_result_group&ct=title&resnum=1&ved=0CB4QsAQwAA
Of course... It always starts out small...
ReplyDeleteAnd with people who truly believe they are doing the right thing...
NPR Fires Analyst for Saying Muslims Make Him Nervous
http://www.aolnews.com/nation/article/npr-fires-analyst-juan-williams-for-saying-muslims-make-him-nervous/19683232?icid=main%7Chp-desktop%7Cdl1%7Csec1_lnk3%7C179132
---
Again - I want to re-iterate that I'm NOT saying that the process has to be stopped, or reversed...
I'm just pointing out the fact that this liberal zeal to practically EXPEDITE the process, is most likely going to end up COSTING them the very freedom they think they're protecting...
definitely time for a little stock and commodity dip to sell those puppies..
ReplyDeleteget 'em while they're hot!
Nic tweeted this vid.. i'm watching now: http://stock.ly/9cd5v7
ReplyDeleteJennifer @ 1:00
ReplyDeleteWhatever happened to the 10th amendment?
Has that been expunged?
DON'T LET THE TRUTH OR FACTS EVER CLOUD YOUR JUDGEMENT
ReplyDeleteIslam is not a religion, nor is it a cult. In its fullest form, it is a complete, total, 100% system of life.
Islam has religious, legal, political, economic, social, and military
components. The religious component is a beard for all of the other
components.
Islamization begins when there are sufficient Muslims in a country to
agitate for their religious privileges.
When politically correct, tolerant, and culturally diverse societies
agree to Muslim demands for their religious privileges, some of the
other components tend to creep in as well.
Here's how it works:
As long as the Muslim population remains around or under 2% in any given
country, they will be for the most part be regarded as a peace-loving
minority, and not as a threat to other citizens. This is the case in:
United States -- Muslim 0.6%
Australia -- Muslim 1.5%
Canada -- Muslim 1.9%
China -- Muslim 1.8%
Italy -- Muslim 1.5%
Norway -- Muslim 1.8%
At 2% to 5%, they begin to proselytize from other ethnic minorities and
disaffected groups, often with major recruiting from the jails and among
street gangs. This is happening in:
Denmark -- Muslim 2%
Germany -- Muslim 3.7%
United Kingdom -- Muslim 2.7%
Spain -- Muslim 4%
Thailand -- Muslim 4.6%
Hey -- I'm in the states' rights camp -- don't blame me! Okay, munchkin is pestering me for food. Yikes --he just came up to me with a gigantic green booger on his finger and said "here you go mommy!" Excellent.
ReplyDeleteFrom 5% on, they exercise an inordinate influence in proportion to their
ReplyDeletepercentage of the population. For example, they will push for the
introduction of halal (clean by Islamic standards) food, thereby
securing food preparation jobs for Muslims. They will increase pressure
on supermarket chains to feature halal on their shelves -- along with
threats for failure to comply. This is occurring in:
France -- Muslim 8%
Philippines -- 5%
Sweden -- Muslim 5%
Switzerland -- Muslim 4.3%
The Netherlands -- Muslim 5.5%
Trinidad & Tobago -- Muslim 5.8%
At this point, they will work to get the ruling government to allow them
to rule themselves (within their ghettos) under Sharia, the Islamic Law.
The ultimate goal of Islamists is to establish Sharia law over the
entire world.
When Muslims approach 10% of the population, they tend to increase
lawlessness as a means of complaint about their conditions. In Paris , we
are already seeing car-burnings. Any non-Muslim action offends Islam and
results in uprisings and threats, such as in Amsterdam , with opposition
to Mohammed cartoons and films about Islam. Such tensions are seen
daily, particularly in Muslim sections in:
Guyana -- Muslim 10%
India -- Muslim 13.4%
Israel -- Muslim 16%
Kenya -- Muslim 10%
Russia -- Muslim 15%
After reaching 20%, nations can expect hair-trigger rioting, jihad
ReplyDeletemilitia formations, sporadic killings, and the burnings of Christian
churches and Jewish synagogues, such as in:
Ethiopia -- Muslim 32.8%
At 40%, nations experience widespread massacres, chronic terror attacks,
and ongoing militia warfare, such as in:
Bosnia -- Muslim 40%
Chad -- Muslim 53.1%
Lebanon -- Muslim 59.7%
From 60%, nations experience unfettered persecution of non-believers of
all other religions (including non-conforming Muslims), sporadic ethnic
cleansing (genocide), use of Sharia Law as a weapon, and Jizya, the tax
placed on infidels, such as in:
Albania -- Muslim 70%
Malaysia -- Muslim 60.4%
Qatar -- Muslim 77.5%
Sudan -- Muslim 70%
After 80%, expect daily intimidation and violent jihad, some State-run
ethnic cleansing, and even some genocide, as these nations drive out the
infidels, and move toward 100% Muslim, such as has been experienced and
in some ways is on-going in:
Bangladesh -- Muslim 83%
Egypt -- Muslim 90%
Gaza -- Muslim 98.7%
Indonesia -- Muslim 86.1%
Iran -- Muslim 98%
Iraq -- Muslim 97%
Jordan -- Muslim 92%
Morocco -- Muslim 98.7%
Pakistan -- Muslim 97%
Palestine -- Muslim 99%
Syria -- Muslim 90%
Tajikistan -- Muslim 90%
Turkey -- Muslim 99.8%
United Arab Emirates -- Muslim 96%
100% will usher in the peace of 'Dar-es-Salaam' -- the Islamic House of
ReplyDeletePeace. Here there's supposed to be peace, because everybody is a Muslim,
the Madrasses are the only schools, and the Koran is the only word, such
as in:
Afghanistan -- Muslim 100%
Saudi Arabia -- Muslim 100%
Somalia -- Muslim 100%
Yemen -- Muslim 100%
Unfortunately, peace is never achieved, as in these 100% states the most
radical Muslims intimidate and spew hatred, and satisfy their blood lust
by killing less radical Muslims, for a variety of reasons.
'Before I was nine, I had learned the basic canon of Arab life. It was me
against my brother; me and my brother against our father; my family
against my cousins and the clan; the clan against the tribe; the tribe
against the world, and all of us against the infidel. -- Leon Uris, 'The
Haj'
It is important to understand that in some countries, with well under
100% Muslim populations, such as France, the minority Muslim populations
live in ghettos, within which they are 100% Muslim, and within which
they live by Sharia Law. The national police do not even enter these
ghettos. There are no national courts, nor schools, nor non-Muslim
religious facilities. In such situations, Muslims do not integrate into
the community at large. The children attend madrasses. They learn only
the Koran. To even associate with an infidel is a crime punishable with
death. Therefore, in some areas of certain nations, Muslim Imams and
extremists exercise more power than the national average would indicate.
Today's 1.5 billion Muslims make up 22% of the world's population. But
their birth rates dwarf the birth rates of Christians, Hindus,
Buddhists, Jews, and all other believers. Muslims will exceed 50% of the
world's population by the end of this century.
thanks for the video on the dollar
ReplyDeleteCan a good Muslim be a good American?
ReplyDeleteThis question was forwarded to a friend who worked in Saudi Arabia for 20 years. The following is his reply:
Theologically - no . . . Because his allegiance is to Allah, The moon God of Arabia
Religiously � no�
Because no other religion is accepted by His Allah except Islam (Quran, 2:256)(Koran)
Scripturally - no� Because his allegiance is to the five Pillars of Islam and the Quran.
Geographically � no� Because his allegiance is to Mecca , to which he turns in prayer five times a day.
Socially - no� Because his allegiance to Islam forbids him to make friends with Christians or Jews..
Politically - no�Because he must submit to the mullahs (spiritual leaders), who teach annihilation of Israel and destruction of America , the great Satan.
Domestically - no� Because he is instructed to marry four Women and beat and scourge his wife when she disobeys him (Quran 4:34)
Intellectually - no� Because he cannot accept the American Constitution since it is based on Biblical principles and he believes the Bible to be corrupt.
Philosophically - no� Because Islam, Muhammad, and the Quran do not allow freedom of religion and expression.. Democracy and Islam cannot co-exist. Every Muslim government is either dictatorial or autocratic.
Spiritually - no� Because when we declare 'one nation under God,' the Christian's God is loving and kind, while Allah is NEVER referred to as Heavenly father, nor is he ever called love in The Quran's 99 excellent names.
"If them a the branches, its always rasta at the root."
ReplyDeleteben, yeah, i'm following him on twitter now : ) he just said he wanted to throw crayons at the market : )
ReplyDeletedo bots tire?? .00%. .31%, .13%
ReplyDeleteJK, that is still darn close trading.
ReplyDeletegtotoy - SPY rally into the close - I Still Believe - By Tim Cappello - http://t.co/fy2Psuc
ReplyDeletehe's basing that on a litte rev h&s.. and if the dollar should falter..
personally, i'm not buying it.. liked the tune, tho : )
Let me rephrase:
ReplyDeleteMonthly Reversal - REJECTED!!!!
http://www.youtube.com/watch?v=hqTy26gPE54
well, not sure how to count this just yet but GN's count is looking tasteeeeee!
ReplyDeleteaka GTSOOH
ReplyDeleteI had fun fading all those idiots looking to play that rev H&S...
ReplyDeleteGreedy bitches.
Time to pay I-Man...
Bullish Sentiment Nears 50%
ReplyDeleteTHURSDAY, OCTOBER 21, 2010 AT 10:37AM
Today's release of weekly sentiment figures from the American Association of Individual Investors (AAII) showed that bullish sentiment rose close to 50%, which is the highest level since early September. Prior to that, you have to go all the way back to the Summer of 2009 to find a bullish reading as high as it is now.
you know you all want to watch this follow up to yesterday, this guy really cracks me up:
ReplyDeletehttp://finance.yahoo.com/tech-ticker/james-altucher-announces-4-ways-to-fix-the-economy-535527.html?tickers=%5EDJI,%5EGSPC,%5ESPY,%5EIXIC,%5EQQQQ,%5ETNX,%5ETLT&sec=topStories&pos=9&asset=&ccode=
seriously, you have to watch that....this guy is a hedge fund manager...best and brightest?
ReplyDeleteI really want to hear some feedback from this group on that video, it's.....amazing.
ReplyDeleteI just attempted to watch.. i thot he was an idiot years and years ago.. i simply cannot waste me time.. i'm glad you find humor in it..
ReplyDeletewell, you won't like MY feedback then, LOL.. (and i meant "my" not "me" above.)
ReplyDelete@mcF
ReplyDeletecareful there (linking up a JA article)...
Obama might be reading this blog, click on that link, and think those were good ideas...
JA might become chief of staff...
Look at the cockroaches scatter...
ReplyDeleteMr. TopStep Intra~Day Charts 10/21 “Could Be the Biggest 2X TOP You’ve seen”
ReplyDeletehttp://mrtopstep.com/2010/10/21/mr-topstep-intraday-charts-1021-could-be-the-biggest-2x-top-youve-seen/
what the hell is all the RED
ReplyDeletebwahahahaha
@McF
ReplyDeleteActually it might be fun to be able to "buy" some bridges & roads and things...
I'd buy up all the bridges roads and tunnels heading into NYC...
Make Ritholtz swim to work... hehehehehe
and, did you all read Dan's board when I suggested, probably not, but if you did, you have to be laughing right now.
ReplyDeleteoh, you guys don't have to watch all the way through, the first minute or two is plenty.
ReplyDeletewatch that video! first he talks about the gap fill i mentioned from May 3-4.. next he goes to the dow.. (still watching..)
ReplyDeleteI just thought it was hilarious number 2 on his list was the Fed should buy S&P's....just pull any number out of your ass....his description of "multiplier effect"
ReplyDeletewow! it's mind blowing.
@McF
ReplyDeleteWhy all the bother with 4 steps?
If anyone is in line with JA (jack asses) thinking... Well, to make things more simple, why doesn't the FED just mail everybody a check for a million bucks?
Problem solved, right JA?
Me first on the check for the million.....seriously though, I'll gladly suffer some more snot if this accellerates.
ReplyDeleteThat would have an excellent multiplier effect of retail sales...
ReplyDeleteNic is probably having a field day in crude today...
ReplyDeleteWhy cant equities tank 3%???
http://finviz.com/futures_charts.ashx?t=DX&p=h1
ReplyDeleteJA even has our boy Siegal beat....Siegal says "stocks for the long run"
ReplyDeletenah...that's silly... JA says, here's how to find stocks you can hold "forever"
http://books.google.com/books?id=tOByO8QXYZoC&pg=PA100&lpg=PA100&dq=james+altucher+portfolio+results&source=bl&ots=ia-Ahwovm7&sig=nKMLnkphem9OtpDdwgl-Ib0FAhk&hl=en&ei=4YLATOmZJIywnge58JHhCQ&sa=X&oi=book_result&ct=result&resnum=2&ved=0CBYQ6AEwAQ#v=onepage&q=james%20altucher%20portfolio%20results&f=false
WTF? who pays this guy, I can't find his investment results anywhere, does anyone know them?
oil....if she timed the silver short right she's killing it right now....Nics got game.
ReplyDeleteI wanna be Nic when I grow up...
ReplyDelete@Amen
ReplyDeleteIt went right to about a .0145 pullback from high...
If I wasn't already short RHT, I'd want to get short right here.
ReplyDeleteAnother double top: NTAP yesterday and today.
ReplyDeleteeh...growing up...after being called a child by a select few on the interwebs and then watching their own behaivor I decided I didn't want to grow up.
ReplyDeletepeter pan me.
CV,
ReplyDeletealso, never got to respond to my twitter link last night that you commented on, I just liked it because while they weren't trying to, they confirmed socionomics!
it continues to be validated as we move forward, which is exciting to me.
Domain name sex.com to be sold to Caribbean offshore holding company for $13 million - Information Week http://bit.ly/dzZfC6
ReplyDeletesex (berlin)
ReplyDeletehttp://www.youtube.com/watch?v=_QkxYlasSWU&feature=related
I always liked that song...
ReplyDeletesome pitchfork action:
ReplyDeletehttp://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=3&mn=6&dy=0&id=p04030124068&a=170193958&listNum=3
That was interesting, I don't really understand that pitchfork thing but that chart was crystal clear.
ReplyDeletemore pitchforks:
ReplyDeletehttp://www.businessinsider.com/is-the-euro-about-to-tank-just-like-it-did-in-1998-except-at-25x-speed-2010-10
if goog had gotten a little lower today I might have gone long....
ReplyDelete@McF
ReplyDeleteYeah, I'd like to see a pitchfork stuck in this thing...
some basics Jennifer:
ReplyDeletehttp://www.investopedia.com/ask/answers/05/andrewpitchfork.asp
@McF
ReplyDeleteI don't know if you're looking at 1 min. charts or not...
But to me SPY has a perfect price channel down that has the potential of being a 5 wave down...
Right now it's just sort of meandering over to finish the wave 4 (if in fact - it is a 5 wave down)...
wait a minute...Joe Weisenthal....laughing, total depature from the last links of his you put up here, which was what...last week!???
ReplyDeleteThanks for not telling me to just google it. :-)
ReplyDeleteCV,
ReplyDeleteI leave that short of term to the I-man, but I'm going to take a look....I remain hesitant to call anything on that time frame until I can see a really clear 3 wave countertrend against it....and all those keep turning into triangles.
@jennifer
ReplyDeletealso (on andrews pitchforks)...
If you go to freestockcharts.com
That's one of the technical tools you can use (although I wouldn't really bother using those or illustrating with them because the chart look is basically for schoolkids)...
Yes, I've heard of "the google".
ReplyDelete