After careful deliberation, and, OF COURSE, BY COMMITTEE (as that is the only way things should ever be done)... The following RULES CHANGES are to be adopted and implemented immediately at SURVIVOR CAPITAL (after all, it's not good enough that you simply SURVIVE anymore, you are ordered to do it in the prescribed method)...
Changes:
- The use of the phase "nanny nanny boo boo, stick your head in doo doo" will no longer be tolerated when referring to other blogger comments...
- You may NO LONGER tell anyone that their "grandma wears army boots"...
- "I know you are but what am I", as a rebuttal, will be returned to Pee Wee's playhouse (where it belongs)...
- You must all "clean up" your acts, by using GROOMED canines, and references, in your avatar-ology... (Mangy Mutt - you're going to have to clean up your act)...
- 5 times per day, all bloggers must kneel on their carpets and face "Mecca" (the location of the Fusion Capital offices in Manhattan), and utter the prescribed prayers...
- You must IMMEDIATELY switch to COFFEE (from TEA) for your morning beverage... As any association with "tea" whatsover might sketch you out as a teaBAGGER, which is unacceptable...
- Fines for INFRINGEMENTS of any of the above policies will be levied, and paid to the following righteous causes... "The Nancy Pelosi botox fund", "The re-elect Barbara Boxer campaign", and the "West Hollywood Chamber of Commerce" (which needs a new Barney Frank statue because someone disMEMBERED the other one for some peculiar reason - ouch!)...
That should be it for now... But I'll be sure to expedite any further rules changes as they come about... We have a committee, (and ten CZARS), funded by the US taxpayer, that works 24/7 for that sole purpose...
Please enjoy your morning coffee! (oh - but you MUST enjoy it in one of the following prescribed methods)... Any other way will be unacceptable...
Thank you for your continued patronage... THE MANAGEMENT
337 comments:
«Oldest ‹Older 1 – 200 of 337 Newer› Newest»My two cents (because I know everyone is dying for it):
I hope people have more going on in their lives than blogs. Yes it is great to discuss with people with the same interests but it would appear some of these blog folk have gone obsessive 'Fatal Attraction' style.
Hopefully everyone finds a spot to discuss and the 'nanny nanny boo boo' has finally ceased.
Regarding markets:
I wonder what is going to happen once that gap is filled?
Ra: think the magic number gets closed over in the next 2 days?
http://noir.bloomberg.com/apps/news?pid=20601039&sid=a6bg4BtSgZMc
Insane Fed Should Beware Unquantifiable Outcomes
...I just like the title. Insane Fed...kinda has a roll off the tongue quantity, doesn't it?
http://news.yahoo.com/s/yblog_upshot/20101028/el_yblog_upshot/obama-makes-historic-appearance-on-daily-show
I can't believe Stewart called him "dude"
he's the president!
http://finance.yahoo.com/news/Stores-Push-Black-Friday-Into-nytimes-3332457549.html?x=0&sec=topStories&pos=2&asset=&ccode=
Stores Push Black Friday Into October
"Attention bargain shoppers! It is October — and Black Friday specials are here.
The year’s most popular discount shopping event, referring to the Friday after Thanksgiving, is arriving ahead of Halloween this year, with some promotions beginning this week and others throughout November."
...No reason we couldn't have Black Friday next year after the 4th of July! GM, F, Chrysler have been moving these gimmicks around for years...
@Ben
Referring to the president as 'dude' may very well be an indication of the lack of respect for Obama. Really what has he done to earn anyone's respect? Not a lot in my eyes. Even the bankers who he has helped look at him in the same way we look at 'everyone's ex=girlfriend'.
Ben,
I watched some of the Stewart interview. I am not exactly sure what is going on, but at least to me he is making less and less effort to sound presidential. I am sure he feels enormous pressure here, and I doubt he had any idea his presidency would turn out like it has...
@McF
he's the "dude in chief"...
But you're right... JS might have to be taught some manners by Barbara Boxer (from karens link yesterday)...
now THAT was funny...
I'm living next door to some fascinating human behavior (to me at least.) My neighbor's wife passed away over the 4th of July weekend. She had been very ill with severe diabetes, renal failure with dialysis for years, some vision loss, and other horrible complications. Since she died, he has slowly but decisively been making all the changes that he always wanted but she didn't. New car arrived 2 days after the funeral. Horrible purple front door repainted 3 weeks later. Anyway, the tree-pruning service is here this morning to tame the monster oak that has been taking over both of our front yards for years -- she always liked the privacy it afforded their house (translation -- is there a house behind that tree?) Hooray! Makes up for the horrible open.
I think my cat is senile. Seriously.
mcHAPPY
They are giving it their best shot to get above the number that will not be named.
McHappy,
well, maybe that's it. I'm sure it's clear I'm not Obama fan, and certainly he shouldn't be going on about all the "good" Summers has done, please. that said, I must be old school because I think the president deserves more respect than that, whether I like him or not, I would never call him dude, unless I grew up with him or something. I don't dude is awful, I say it all the time, just think there is a certain way to talk to certain people, I would never even call one of my clients dude.
Bruce,
I do think you have a point there 9:13, I'd like to see him a little more president, a little less celebrity.
I'm looking to book some gains from the long yesterday, we'll see what the rest of the day has to offer after this morning.
I'm going to have to step up my game here...
Clearly - I've been a slacker...
http://www.zerohedge.com/article/shinola-anyone
@mcF
"I'd like to see him a little more president"
---
Think about what you just said there... KNOWING what you know now (which NOBODY KNEW back in 2008)...
You'd actually like to see him a little more president?
I'd prefer to see him unemployed...
Or...
I could tolerate him as commisssioner of NBA (which I hardly watch)... or mayor of Detroit (where I never go)...
CV,
I fully realize we are stuck with him for another two years unless there is some massive economic crash and people boot him out, so yeah, I don't want him in there either, but that's what we've got, so I hold him to the standard of his job title until he doesn't have it anymore.
@Amen
They're going to have to write a new chapter in the candlestick book on interpreting the last 10 days of UUP...
Bruce.. Insane Fed is good but I love love love "Night of the Living Fed" Grantham's latest.. you read it I am sure.. backlash, baby.. i'm seeing it everywhere..
CV, I am really really really into that Bittersweet Symphony.. suits me perfectly this morning : )
Glad you picked up on some of my links from last night.. I'm still in shock about Obama on Jon Stewart.. but that is nothing compared to my shock and dismay of him being on The View.. That was the beginning of the end, imo.. LOL. (I'm gonna try really hard to curb my wild enthusiasm, pls bear with me..)
re: Obama as "dude"
To be fair, the address "Mr. President" was deliberately informal(for the 1700's) to contrast with "your majesty" and all the old world BS(no offense LB). Which is to say, in theory the president is just a citizen like you or me and our (used to be)republic would probably be healthier if we didn't think of him as a sort of quasi-royalty. That being said, our republic would probably be healthier if the general level of public formality and respect was higher as well...
GS above 160 puts a dent in my heart ; )
@McF
Frankly - there IS NO "standard" to his job title... If I can summarize...
- He basically came into office with a laundry list of "TO DO" things (arbitrary campaign pledges, such as close GITMO, end the war, pass a HC bill)
- Whether it was feasible or not (in reality) to do any of those things, he was perceived as such a neophyte, he doggedly pursued each agenda item just to say... "See - I did what I promised"
- Gitmo is still unresolved
- The "war" just shifted from Iraq to Afghanistan
- HC is a joke (and only got through due to an unprecedented & favorable House & Senate majority seating...
- lobbyists have more clout than ever
- Wall St. is not close to being reigned in
- There is still massive unemployment
- Economic numbers & data points are fudged
- The windfall of diplomatic charm (foreign relations) has worn off... Most now either think he's a jerk, ot that America has "lost" something
And he's about to become a LAME DUCK...
- He will no longer be able to "rubber stamp" initiatives...
- If opposing policy is written, he's likely to use a VETO pen...
- Sadly, if the right numbers come in, they'll probably launch investigations on his prior actions...
Basically, the way I see it... There's not much "Presidentin'" to do anymore...
Might as well just work on his fastball (for opening game ceremonies), and hit the talk show circuit...
I'm sure THE VIEW would love to have him...
@spoonman (9:47)
Good point... And that reminds me...
ANOTHER RULE CHANGE...
Cv is to be referred to as "Mr. Asshole" from here on out by the general citizenry of this blog... :-)
Wow, is all I can say really.
@I-Man
Turn that upside down and you have "MOM"
Cv has to run out and do a few errands...
I'll be back around noon...
Cya!
I gotta look at some charts and read some Corinthians, my routine is all thrown off now...
Oh yeah, gotta make some dough trading YM too.
Blogs just seem silly at this point.
Funny thing about earnings. I consider earnings to be ok if a company beats the previous year by 10%. The rest is BS. My .02
If someone ever writes a book on this saga, I want royalty rights.
CMEGroup
Watch highlights of Paul Tudor Jones, David Gergen, Michael Lewis & more from our Global Financial Leadership Conference http://ow.ly/30DjD
I think UUP can find support at 22.35.. and no way there will be QE with the dollar this low..
Dollar Needs To Fall "A Lot" To Lift Inflation - Goldman Sachs
8:00 AM ET 10/28/10 | LONDON (Dow Jones)--The dollar needs to fall "a lot" further to have any meaningful impact on inflation, Goldman Sachs Group Inc. (GS) said Thursday.
The U.S. investment bank did not specify what levels the dollar would have to hit.
"If the Federal Reserve sees the dollar as one of its key policy levers for preventing inflation from staying below its mandate for a prolonged period, the dollar needs to fall a lot further from here," the bank said in a note to clients.
The dollar has fallen heavily ahead of the Fed's monetary policy meeting next week, with investors widely expecting a fresh round of quantitative easing to boost the U.S. economy.
a marketwatch blurb (I am struggling to find reasons for GS being up so much): Critic of Goldman buys Goldman stock
3:41 AM ET 10/28/10 | NEW YORK (MarketWatch) -- A top-performing service says: If you can't beat them, join them.
Oxford describes its "Seven Deadly Sins Portfolio" as "a selection of recession-resistant 'vice stocks' for capital appreciation and income." Its new selection: Goldman Sachs Group Inc. (GS)
Oxford argues: "As Warren Buffett's business partner, Charlie Munger, pointed out at the Berkshire shareholder meeting, when a lion escapes from the zoo and injures someone, you don't blame the lion. You blame the lion keeper. Federal regulators already had all the tools they needed to protect us. They just didn't. Now they're blaming it on Wall Street -- and a lot of Americans are buying it."
Oxford has a number of cogent, if irritating, reasons for buying Goldman. It concludes: "Our analysis is that the consensus estimate for Goldman in the year ahead -- $24 a share -- is far too conservative. This stock should be trading north of $200 a share in less than six months. You might be angry if you don't own it."
There I said it.
The shame the remorse, the fear....No the POWER....
RWAWWWWRRRRRR........ Oh wait that wasn't power I was feeling, but gas.
Mangy Mutt
BreakingNews
6 killed in shooting north of Mexico City - AP http://bit.ly/bTlN3G
yeah, Mex is stable.. buy their 100 years.
Whoa. What just b-slapped the market?
"mcHAPPY said...
My two cents (because I know everyone is dying for it):
I hope people have more going on in their lives than blogs. Yes it is great to discuss with people with the same interests but it would appear some of these blog folk have gone obsessive 'Fatal Attraction' style.
Hopefully everyone finds a spot to discuss and the 'nanny nanny boo boo' has finally ceased.
"
Agreed.
I shorted a few contracts Ra, thats all.
Are they making space for POMO to shock & awe? Or did "the number that shall not be named" make its presence known?
I-Man
You must work for Wadell & Reed :-)
JK...
I dont even get excited about these pukeouts towards the end of the move anymore. Havent moved my offer spot in the last ten minutes in reponse to this...
The pukeouts are only a temptation to short closer than you should, unless of course, you're already short, in which case they are your exit cue.
But often of late, these mini waterfalls have been filled back with the quickness.
Um Mr.Asshole(9:56)- (Sorry but I can't go there, so I will refer to you like always - Cvienne - [Everyone will still know who you are though.])
A word on mange, you see I would try and get cleaned up, but getting clean normally means water and well the water causes the mange to fester...Kind of like lepersy, so in effect the more I was the less I have to groom.
So getting clean-up is out of the question, but I will use more deodorant before I post... I hope that helps.
W&R was my first gig in "the business"... no shit.
Hated it.
Here we go again:
"Oversight panel sees systemic risk in faulty foreclosures"
Bailouts for everyone!!!!!
http://www.businessinsider.com/best-rare-earth-companies-2010-10
I'm just posting that because the mentality today is
"buy momentum, fundamentals don't matter"
"buy what you hate"
"if you can't beat 'em, join 'em"
May as well bid the one, one, seven, four on the eee ess today. If only for a quickie.
Karen - It is too bad that 6 people died, but it makes me wonder what countries they were from, as I did not know Mexico had 6 of their own people left in there.
Mangy's Wife
k -
re your wild enthusiasm @ 51, here's someone else's "Fifty, a Love Note"
My apologies to all - I did not sign my, (10:35) I am sure you all knew it was me, but forgot to add my name.
Mangy Mutt
thank you, bat! I have a few 'enthusiastic' girl friends to share that with : )
nice drv, move.. pathetic but nice..
BloombergTV: John Taylor, chairman and founder of FX Concepts Inc., Says Fed Easing Mostly Priced Into Currencies
http://ow.ly/30T4u
That lady is awesome. She has a sex swing in her house.
This is great! (but do listen to that John Taylor interview!)
http://www.forexlive.com/142746/all/does-this-dress-make-my-ass-look-fat
If your wife asks you that question, how do you answer?
If you have an ounce of common sense (and self-preservation), you answer “No honey, it makes you look like Heidi Klum… You tell her what she wants to hear.
If you are the Fed and lay out a pretty clear framework for how you anticipate quantitative ease to impact the markets, how do you expect primary dealers to respond if asked?
I’d expect them to say “Yes Ben, $500 bln in QE over the first six months makes you look like Tom Sellick…”
Yeah, CV. I think we should offer you more respect than Mr. Asshole...How about Number One Asshole (kind of has a Chinese Cafe feel, eh?) or "Mr. Big" Asshole, or something else of that vein. I mean, are you ok with that, Dude?
On Thursday 28th October 2010, @mrtopstep said:
Chatter = hearing rumblings (European) covering in "short" U.S. $ ahead of first look Q 3 GDP tomorrow (+2.5% ?), perhaps further motivated by todays lower from survey U.S. Jobless claims # (455K / 434K,especially as Europe approaches its closing rotation. $$
Karen
Tell that to Brazil who are still intervening to bring their currency down.
re: fat
"You want the truth? You can't handle the truth!" as I grab a blanket and pillow and head towards the couch :-)
Man, this shit sure does have doji written all over it, dont it?
here is a spot on assessment/summation:
http://market-ticker.org/post=170581
Side note,
Anyone have a clue how to copy a chart from your trading platform over to Paint in Windows 7?
When I'm in my charts and right click, I only have that program's functions, not any win functions... Tried Control, C... didnt work.
So, I assume I need to get them over to Paint somehow if I want to share them... how to?
But just remember, this is america, land of "if you can't beat 'em, join 'em"
http://chicago.cbslocal.com/2010/10/27/report-dart-not-running-for-mayor/
I-Man
As soon as I think that, it becomes a long day in one of the directions.
I-Man
Can you save the chart and then open it in Paint?
I-Man
Also see if you can do a screenshot and use that in Paint.
I was checking some e-mail, and ran across this article that you could click on to see if you were depressed or a crazed psychopath or something...
http://health.msn.com/health-topics/depression/articlepage.aspx?cp-documentid=100242320>1=31009
Here are 11 different warning signs of depression. Keep in mind that depressed people don't all experience the same symptoms, and the severity of symptoms may vary. But if someone exhibits several of these symptoms for more than two weeks, he may need help.
Persistent sad, anxious, or "empty" feelings
Nope
Feelings of hopelessness, worthlessness, or helplessness
Cluelessness, perhaps... Nada on the rest
Frequent crying episodes
Only at the end of Old Yeller
Increased agitation and restlessness
Only when I do it on purpose - kind of like stretching out before a workout
Fatigue and decreased energy
Are you kidding me?
Loss of interest in activities or hobbies that once were pleasurable
When I have I ever missed posting a thread (except due to technical difficulties)...
Difficulty concentrating, remembering details, and making decisions
I'm the "anti-committee" guy, remember?
Sleeping too much or not enough
In human, or dog years?
Poor appetite or overeating
When brussel sprouts are on the menu, I'm guilty of the former, when pizza is on the menu, I'm guilty of the latter
Expressing thoughts of dying or suicide
Why bother? Knowing me, I'd end up like Rasputin
Persistent aches or pains, headaches, cramps, or digestive problems that don't ease with treatment
Only after I hear an Obama speech or interview
---
So DOC... Do I "check out" alright?
@I-Man (11:31)
There should be a PRINT SCREEN key on your keyboard...
That copies a snapshot of your screen to clipboard, which you can paste in paint...
Thanks Ra, I can screenshot it, but it wants to take my entire monitor array with it into paint...
So it will take me awhile to fine tune it, but I think thats going to be the way I have to do it...
My old platform had a "capture image" function in the charting that made copying and pasting my charts a piece of cake.
funny, CV, funny.. TMM also had a hilarious post this morning:
http://macro-man.blogspot.com/2010/10/you-know-qe-expectations-are-getting.html
when I was a very little girl, i studying a book my parents had, "You Know You Have a Hang Up If..." It was adult humor, of course. First I had to discern what a hang up was. LOL.
@I-Man
But that's what paint is for... You just CROP the chart after you paste it and then re-paste the cropped image...
Report: Daly says he was better drunk
http://msn.foxsports.com/golf/story/John-Daly-says-he-played-golf-better-while-drunk-102710?GT1=39002
---
I find I BLOG better when I'm drunk too :-)
@I-Man
Have you tried Alt-PrtScr instead of Ctrl-PrtScr? That should capture only the active window instead of the entire screen.
Hey... Weren't we just discussing NEANDERTHALS yesterday?
http://specials.msn.com/A-List/Entertainment/Ozzy-Osbourne-related-to-Neanderthals.aspx?cp-documentid=26127583
there are some really crazy stories here if you stomach can handle them:
http://latimesblogs.latimes.com/lanow/
Today, I am amused by the Dow's price weighting. 3M is taking a bath today. Due to its relatively high weighting in the index, it is having a disproportional impact.
I really wish the mainstream media would just abandon the index instead of acting like it is representative of the broader market.
"Daly says he was better drunk"
It's amazing how distorted the memory can be under the influence. I still remember in high school, one of my friends claimed he drove much better when he was stoned. Having been a passenger many times in such a situation, my memory was a lot different (unless we were in England and I didn't know it).
Paint is a pain in the ass.
Oct. 28 (Bloomberg) -- A battle over a proposed Washington state income tax is pitting Microsoft Corp. co-founder Bill Gates, the richest American, against some of his fellow billionaires.
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=abGCtNI24.g4
Thanks anon, that is a good trick, but its still a pain in the ass.
I really like not having state income tax, so I hope that shit doesnt pass.
I'm back.
last comment on the dude/Obama thing
I don't view him as royalty, but he was picked to lead the country, and so IMO he deserves at least some level of respect from all of us, but that doesn't mean we have to agree with him. If I was one on one with Obama I would have been all over him for saying that about Summers, but I still wouldn't have called him dude, just the way I see it. I didn't think that was "cool"
My rents taught me to be respectful toward people in a position of authority above me, like a coach, or a teacher, even when I don't like what they do or say. I still think that was good advice from mom and dad, but to each their own.
I-Man -- have you tried Jing? I love it (but, as I rapidly approach the big 4-0 I find that I'm not good with tech any more.) It is easy to use and pretty intuitive. After you have the screen just the way you want it, Jing lets you capture it and then Jing creates a link to it somehow so it will open in a separate window. Just my 2 cents.
@karen
I don't know if I told you already, but I did manage to see that Barbara Boxer ad that you linked yesterday...
HYSTERICAL!
the only thing that makes the dow worth anything is the fact that it is so widely followed, otherwise I agree, it's a stupid average and what has 3m done in the longest time?
I cleaned out a closet and came back to profits...this day is shaping up nicely. Now if only those lower branches would go to the chipper I'd be all set.
drv breakout??? !!!
@Anon
"I really wish the mainstream media would just abandon the index instead of acting like it is representative of the broader market."
Easier said than done... In fact, it could probably NEVER really change at all because so many models are based on it...
It's not like the same companies are even in there over time anyway...
I think it only has ONE or TWO of it's original companies...
I-man, Cvienne and Amen have laid it out pretty good. It is faily simple like they say, but what they are saying is in a few different threads, so hopefully putting it together in one might help
Open your chart so all of it shows on your main screen, Hit print screen button (Normally upper right hand corner of key board)
Now open paint and activate a new window, press "Ctrl-V" or right click your mouse and "paste"
Then Crop out the part of the chart you want and either press "ctrl-C" or Right click mouse button and copy.
Depending on what you want to do either, save it in a new paint window (But if you are posting in on the interweb, you might want to save it as a gif) or open an new word doc and press "Ctrl+V" or right click the mouse and slect paste.
Normally you will be able to re-size stuff when it is in window.
I hope that helps
Mangy Mutt
this is really good: (about put buying in gold etfs)
http://www.minyanville.com/businessmarkets/articles/gold-dollar-us-dollar-physical-gold/10/28/2010/id/30827
@I-Man
I'm not sitting here giving you tips on how to use PAINT & CLIPBOARD so you can produce charts for Ritholtz am I? :-)
You could post them here, but they'd have to have pictures of girls in bikinis attached to them...
cv -
might appreciate this as the perfect way to create a group-think blog
@I-Man
...and those are the SEC's rules... not mine...:-)
I-man, I really don't think I am going to vote for any of the canidates this years as it seems they are ALL the less of two or more evils.
But I am voting no on the income tax and the State liquer stores.
Mangy Mutt
I just was told C. O'donnell campaign headquarters are in the building next to ours.....I should go check that out
there is a huge Don't Tread on Me sign in the windows....I guess she's a Metallica fan?
I-man, I hear you on paint being a pain, but it is just like any program it will take a while to get use to.
Pssssttttt - And don't worry, I won't tell Cvienne those charts are for TBP..... It's our secret.
Cvienne - DO NOT READ THIS POST!!!!
See, I-man, it's allll good
Mangy Mutt
Daily 3LB reversal has been tested by one cent. Will we finally get a reversal? Stay tuned folks. Your show will be right right back after these announcements. Cue e*trade baby.
@72 (12:23)
LOL...
See really, the joke is on all of you, because CV is not actually a real person...
This entire blog is a sophisticated thread, comment, & response generated ALGO designed by the crafty technicians at Bell Labs...
We have more and more people in our neighborhood with yard signs that simply say "New People."
Cobra has been on fire with trading calls.
Now, just throwing this out there but yesterday I sort of gathered that
PTJ is generally bullish with that basket he generally advised to use
Bill Gross, I'm not exactly sure what that was, but PIMCO never shows their cards
Grantham, bullish.
@McF
"and what has 3m done in the longest time?"
Well - they were FEATURED in Romy & Michelles High School Reunion...
"Post-It's" bitchez!
On the 5 min, this looks like a place for a bounce. or a breakdown.
Seriously - Cvienne SERIOUSLY a Barney Frank statue?
That is soooo sweet, I have the full set of Barney Frank Action figures, but I did not know there was a statue too.
I can not wait to get my picture taken by it.
Mangy Mutt
No, no, no...
I'm just jealous of how good that 99er guy's charts look, and I need to I-levate the game to keep up.
Thats all...
Need to go "digital"...
@jennifer
"Now if only those lower branches would go to the chipper I'd be all set."
---
Better be careful what you wish for... Maybe he wants the tree taken down because he's a pervert and wants to stand there nude in front of a bay window and flash you all day long... :-)
Cvienne (12:28) That is not true, because my imaginary freind Timmy says you ARE real and that you are a Phigerment (Or something like that) of my imagination.
And Timmy NEVER lies
Mangy Mutt
@Amen
The "number that will not be named" has only 10 trading hours to make it's presence felt...
tick tick tick...
this was Cobra last night:
"The bottom line, the short-term trend is up, I hold partial trapped short position overnight.
The trick for today is short at close and cover at close on Friday, there’re 13 out of 14 winners since August 2009."
this was why I sold the long right away this morning. that's too many hits.
I-man, I do not know what 99er's stuff is or what you are looking to get at.
But from personal experience, simple is normally the best for charts and stuff.
Let me know if there is anything I can do to help out though.
Mangy Mutt
Ben.. sorry i am lost in translation.. so you faded cobra?
I think I faded LB yesterday.. tho it's been in my head for days this week... as I calmly watched my shorts tap higher highs and higher lows..
and this TBT thing is something to be watched.. not to mention UUP holding 22.35.. didn't even get there.. 22.37.. that is maintaining its uptrend line.
I hate to say it, but can't you just see another three tracing out here?
wwngibd
what would new girl in boston do
zerohedge- Morgan Stanley Removes Bank Of America From "Best Ideas" List http://bit.ly/dvnQXx
William Black Tears Larry Summers Apart, Again Calls Out Obama To Place Bank Of America In Receivership http://bit.ly/bvJ1Px
(I posted Karl D's take on that this morning, I believe.)
nah, karen, I'm trading with him right now, my last three trades since yesterday:
was short into near the lows yesterday then went long around the pivot area we discussed early yesterday, sold that long on the bounce at the open today and then back short again until friday's close is the plan.
$vix seems to be negating yesterday's bearish candle.. hours yet to go..
I've got a few options strategies in mind for TBT.
I worry vix looks toppy
is toppy still allowed on the blog?
sadly, all I see is another triangle...
there is a very intersting thing going on within my client base, wonder if others are observing it:
Once again this morning I have another meeting, these clients are 72/70, one of their kids needs to move back in with them. This is several times this has happened within my client base in the last month alone. The kids are out of work, mortgage is too much, etc. And when I say kids...I'm talking about people in their 40's.
Monday, 1 November has a lot of MOMO going for it, I guess, lauging.. but some "real" econ data too..
Alphahorn pointing out that 11/17 is 144 days from last big high -- possible top date?
also, I'll admit, emotionally, after reading Grantham and PTJ yesterday I wanted to capitulate and get long, the career risk is thick right now for me.
gotta stay strong
best dates thing I saw recently as sign of the top
Miami Heat were created in 1988....think on that one.
ROR
Cvienne - In your 12:32 rely to Jennifer you make it sound like standing naked outside someones house is a BAD thing.
First my mother (Don't ask..) then the neighbors, then the police and NOW YOU!!!!
Mangy Mutt
@Jennifer,
you live in the mid-west right?
lots of people buying homes around where you are?
TRIANGLES!
new chart in thread
See I-Man... That's how you do it!
Karen - Removing BoA is a great idea.
Mangy Mutt
Jennifer - Just ingor that previous comment I made to Cvienne about standing naked in yards...Cus it is a BAD BAD thing...
How many houses in your neighborhood are for sale?
Mangy Mutt
@McF
"these clients are 72/70, one of their kids needs to move back in with them..."
That was PRECISELY the dynamic that I predicted would occur all the way back when I was a TBP poster...
Mannwich pointed out to me yesterday that all my prophecies were always "doom & gloom & armageddon"...
If a prediction that a dynamic (such as families moving back in together) is ARMAGEDDON... So be it... But when that predictions comes true... What is it?
I'm not smart enough to know...
Did I mention that my son will be moving in with me? Thankfully, it is because he got a job.. not lost a job..
Karen,
this was the playbook from yesterday morning that I posted: :
looked first for a pivot of around 1173 yesterday then:
"on that same count our next move is a bounce to 1189, a move after that back down to 1180-1177 pivot by 11/3 and then up to new highs."
I show yesterday's lows at 1171, todays bounce early was 1189.53 and now we sit in the zone....
well CV,
props man because I'm seeing it
also, CV,
I don't really think Manny meant any of that, he was just upset, he's probably already over it today, but I really don't think he hates you, maybe I'm wrong.
this will make you laugh!!!
http://www.businessinsider.com/ree-down-october-28-2010-10
Karen - That is great to hear, my oldest is just finishing up at UW, she has been watching many of her classmates get their degrees but not be able to find a job.
She was starting to get worried (So was I and Mrs.Mutt) fortunatly she saw the writing on the wall and has excepted an internship - Not quit where she wants or the pay she wants, but she realizes something is better then nothing.
Best of luck to your son on his new job and congradulations.
Mangy Mutt
There is something so relieving being able to say that...
Ok everyone on the count of three yell it out at the top your your voice.
1......2.......3......
NANNY NANNY POOO POOO
Mangy Mutt
@McF
I deserve a little hatred from a few people because I tease and poke fun at people all the time...
I poke fun at myself as well...
People probably think I HATE Ritholtz (because I diss on him all the time)... NO WAY JOSE...
I think he'd be great to sit down and have a beer with... I'd never criticize him to his face because with his size, he'd probably kick the living crap out of me...
This shit is HARD... I just like to lighten things up a bit with a little humor & irony... If people are so uptight that they can't take a joke then perhaps it IS a better idea that they all get together and form their own club...
Cvienne - What do you think are the chance of them making a Statue of Barny Frank Kissing Nancy Peloski?
I never play with my Barny Franks and Nancy Peloski action figures in the same room, cus they alway seem to want to.... Well you know.....
P.S. I would make a great neighbor, if anyone knows of any houses for sale..... Hint Hint....
Mangy Mutt
Cvienne - Don't worry about BR kicking your ass, I am sure you can out run him :)
Mangy Mutt
Ben, I remember.. thanks for recap.. guess i disagree. with the 'up to new highs'.. i also interpreted Grantham much more bearishly than you did.. I must read in entirety more carefully..
listening to John Taylor this morning, I was flummoxed with his statement that BB had been telegraphing his intentions for years, and people had just now caught on.. NO! many of us took gold from sub 300 to 1100 or so.. and crude from 40-100! The ONE thing that hasn't played out is the Bond Vigilantes and Dollar Haters to drive that ten year yield up now that everyone has jumped on the Japanese ZIRP forever Bandwagon..
sorry for the rant.. probably makes no sense.. i am very poor at expressing myself.. QE goes POOF, in other words.
Cvienne (1:08) - My thoughts excatly - If you can't Joke Um - Fuck them.
On the other hand if you can Fuck them - Joke them.... Or something like that.....
Lighten up people
Mangy Mutt
Well, that was fun... sorry shorts who didnt cover at the one one seven four...
Mutt! that is fantastic.. really smart to take that internship.. it'll pay off on the resume as well as her confidence.. my younger son, a sophomore, is attempting to learn from his brother's mistakes (in this economy, being born was a mistake : ), is positioning himself for an internship this summer..
The usual...
tradefast - POMO bid in the market, watch your shorts
less than a minute ago via web
(I actually don't believe in this theory.. it's just self-fullfilling, in my mind.)
this last 20 min has just been about dumping another 10M BAC shares.. LOL
Karen - She just turned 23 and is FINALLY out growing that "She knows Best" stage.
And of course kids have dreams of how easy things will be for them(We all do), but I been gently nudging her and I think that may have helped a little, but seeing her friends not be able to find work (Along with my Wisdom - LOL) is the real kicker.
I am proud of her.
Your younger one sounds like he will be a wise man if he is able to learn from others mishaps.
Mangy Mutt
Cold Steel (1:17) - Yes the usual will be great, can I have a turky on rye, with pickles this time.
Thanks
Mangy Mutt
ben, for fun, look at vra daily candle.. getting harder and harder to turn those shares over.
Karen,
oh, I would love the up to new highs get busted, I just want to trade light and fast is the point, also, leftback could probably do wonders with some of these phrases....where is that guy?
You guys are VERY VERY bad - I checked and I was the only one to say Nanny Nanny Boo Boo.
I feel used.....
Mangy Mutt
Have no fear Mangy Mutt, I have left you some poo poo of your very own, but you will need to talk to Mary Poppins about the Nanny Nanny part.
LB is having a bad day, apparently; but I believe his alias is here, Cold Steel.
I really feel for kids coming out of undergrad right now, very hard time for them.
vra, that looks to be going nowhere fast.
Nobody really needs to EXPLAIN this to me, but the "array" of threads at TBP is often puzzling to me...
Consider the following sequence...
- Yesterday was the "aww shucks" Barrons said some kind words about me thread... I proceeded to dissect it, paragraph per paragraph NOTING "multiple" instances where the evidence presented was purely anecdotal & 100% opinion...
- Then today (most recent thread)... He spends all this time & effort to dissect the "11 second" myth and reach a scientific conclusion... In the end, nothing of NOTE was presented... He basically just said, that notion is wrong... But expects praise for his diligent work on debunking the myth...
- Between both threads is a thread with just this chart in it (no text)...
http://www.ritholtz.com/blog/wp-content/uploads/2010/10/Long-term-stocks.png
Clearly, it's a VISUAL which trains the human eye onto the upwards sloping nature of the average... The lack of text or comment implies that if the chart were to be taken to infinity, it would continue to move in that direction... Again, no "dissection" as to causes which produced the chart in the first place, or whether or not there are any structural elements still in place (like the value of the dollar), to predict the future...
---
Basically what I'm saying here is that the INCONSISTENCY of BR's presentations is very striking to me considering he has such a large collection of followers that wait for every pearl of wisdom to gush forth...
Seems rather ad hoc...
Another push coming...
Same plan as yesterday...
Karen,
LB called POMO pavlovian, or something like that, it was a good description.
I'm not even sure when the POMO funds become available because of how settlement rules work, I think it's the simply pereception that POMO will make the markets go up so people anticipate it like LB described, the pavlovian response, we know for certain pomo does not equate to an up day 100% of the time because there were at least 4 down POMO days in August
ben, "going nowhere fast." kind of like the spx on a closing basis for the last 2 weeks (omitting Oct 19)
Ben - It does seem they are running into a particullary tough spot.
(And I would like to get Karen's POV on this)But it also seems like there a people going to college that really have no business going - I do not mean that in a bad way, but not everyone is made for a higher education - My daughter has said pretty much the same thing.
So if more students are getting papers and the job market is soft, doesn't that some what dimish the accomplishments of those who worked for it?
Mangy Mutt
James MacArthur - the original Danno in Hawaii Five-O - has died !!!
http://ow.ly/310lH
C,
I like that chart, top of 29 is I, top in the 60's III, and the extended fifth wave into 2000....A down to 02, B up to 07, and C down, present
that's the EWI count anwyay.
also....jet packs.
Mutt,
I'm starting to notice an interest from more and more client's kids that want to learn a trade, be an electrician, for example. I think this is great.
I remind the parents that not only can an electrician earn a very good living, maybe run their own business, but the people need to be here to do the job, you can't exactly outsource it.
Cvienne (1:31) That is pretty much the same thing I said about TBP and BR at the begining of yesters audibles.
He puts something up, doesn't really say what it is or what it means then points back to it at a later date to say - "See I told you so"
I am glad you caught the same thing.
Mangy Mutt
I forgot about that chart.. it is hard for me to grasp.. surprised you found it, Ben, LOL.
@mcF
Yeah... I have no problem with the chart...
I was just using that thread as a contrast to the presentation of other threads...
It's like sometimes the mood is...
"I want to prove to you all what a calculating SCIENTIFIC OBSERVER I am"
other times it's... "In the past week I've said some bullish & bearish things... There's a chart [inkblot], draw your own conclusion"... I'll be around later to take credit for "suggesting" the correct way in which the stalement was resolved...
Subtle "re-inforcement" tacts are at play here...
Ben - Exactly, that would be my oldest boy, he is one of those that does NOT belong in college (At this time) He is smart, capable and a hard worker, but book smarts... Not his thing.
I would like to see him get some type of trade, but there again, you run into "What trade, in such a soft job market?"
Mangy Mutt
SellPuts
VIX Sonar Report From The Pit: Nov 25 puts $VIX http://bit.ly/9kiKHW
But...but...but...the Fed asked the PDs what would they prefer for QE2. If that doesn't tell you that the Fed has no f'in clue then I don't know what will.
MM,
My dad wasn't cut out for college, he learned a trade, never made much money but he really loved his job. And besides, we lived in a very cheap place, so as Karen says, it's all about money in and money out.
Some of my wealthiest clients did not go to college.
Cvienne - That is one of the reason I stopped going there over a year ago.
He can be kind of like a fortune teller, who askes you your life history while making small talk with you then - Look you in the eye and say "You are the 4th of 3 kids aren't you"
Good catch.
Mangy Mutt
MM
"4th of 3 kids" LMAO
AmenRa (1:46) - The best thing the PD can do for QE4Ever is make large deposits into The Bank O the Mutts.
Mangy Mutt
Mutt,
I think any trade he enjoys. I think I've learned at least a little bit over the years about service based businesses like I run, and that little bit is that most people really give shitty service and do sort of half-way work. How many times have you heard people say that it's impossible to find a reliable contractor, etc.
Your son could always start his own business, it's very inexpensive to incorporate and pretty easy to understand the basics of it, he could create his own job instead of looking for one.
AmenRa - You know those psychic see everything :)
Mangy Mutt
$HAL knew cement for BP unstable, report finds - headline crushing stock
New Video: "We didn't come down here to make friends" on today's Mr Topstep video
http://mrtopstep.com/?p=1059
Ben as our fearless lead BO would say "It's Complicated" But without a doubt I agree with you, in my son's case getting a trade or starting his own business would be a good move.
However he is 19 and KNOWS EVERYTHING!!!!! so all I can do is push on strings, until he actually grows up.
Now don't get me wrong he can puzzle through things and is great with his hands, but his brain ain't got caught up yet.
Mangy Mutt
ugh.. rev h&s on the spx 10 min.. working on right shoulder now.. not happiness..
wow, look at that chart, dick cheney just saw his holding values go down some
apparently, they both knew:
http://www.nytimes.com/2010/10/29/us/29spill.html?_r=1
karen,
i didn't measure but that H&S measured move points roughly to dbl top at today's highs?
maybe someone just hit the jackpot on some puts in HAL....look at that volume.
ben, yes, it does.
Karen - Are you REALLY surprised with the rev up?
Unfortunatly the longer those types of things happen the steeper the decline will be -WHEN it happens.
I know many of you are TA's and damn good ones, but IMHO, as AmenRa's (1:46) points out, if the Feds don't know what to do, It makes it difficult for those who use Fed actions to get a good fix on their TA - Um That's Technical Anaynsis, NOT the TA you would see at Hooters.
mangy Mutt
would someone sit on nflx.. get it to 155 at least ; )
Mutt, the rev up hasn't happened yet, laughing... it seem to be losing steam.. i'm watching with bated breath!
oh great! http://www.freep.com/article/20101028/BUSINESS0101/101028037/1318/General-Motors-to-buy-back-billions-in-stock-secures-5B-credit-line
can i have a 5 billion line of credit?!
"GM also has completed a $5 billion credit line with a syndicate of banks."
You gotta read it to believe it.. I guess the banks are giving them the money that the FED gave them for a slight fee ??
compare HAL to RIG
Karen- Oh, I thought you were saying it had started.... Oooppss.
No more mistakes from me today - PROMISE
..............I hope she did not see I had my fingers crossed.
Mangy Mutt
@mcF
Part of the same phenomenon of "kids moving back in" is the fact that more people will become "do it yourself-ers"...
Anyway to save a buck...
Services are expensive...
OMG - Cv is spouting ARMAGEDDON again! It's the END OF THE WORLD because
- families live together
- they have to fix things on their own
- they grow a few vegetables
The devastation is BIBILICAL!
i'm cursing that rev h&s on ten min spx.. failure is still an option, LOL
Armageddon must have already occurred in Italy because I basically lived tht way for 12 years there...
It was called a "way of life"...
In the USA, ARMAGEDDON is when the battery of your cell phone is running low...
Ben
re: PC ratio
How can you tell if the call volume is from selling calls?
Cvienne - On your encouragment to become better well groomed, I spent my lunch at Petz-R-Us, well behind Petz-R-Us in their dumpster and found a pretty nice flee collar, it is white with a some brown spots that I am sure is just dirt.
I think I can fix it with a few staples, but then it would scratch my neck, so I will cover them up with duck tape.
I think it makes me look pretty spiffy and I do feel much better groomed.
Thanks for the heads up
Mangy Mutt
Armageddon for me is my battery fully charged but I can't get AT&T service in my house!! LOL
I have to stifle violent urges to stomp my iphone into the gravel..
What is it with the top of the hour ramps?
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