Obama: "I got Harry Reid his seat back!"
Rush Limbaugh & Glen Beck: "I got a majority in the House!"
J6P: "I got a ROCK"!
On QE2
Goldman Sachs: "I got a trillion to play with and pay bonuses!"
JPM: "I got a trillion to play with and pay bonuses!"
Every Hooker & Coke Dealer in Manhattan & on K Street: "I got a fresh new client base!"
J6P: "I got a rock!"
2008/Stimulus Package
"Let's sit here in the pumpkin patch... & you'll see the GREAT PUMPKIN with your own eyes!"
QE2
(2:30)... "Good Grief... I said IF!... I meant 'when' he comes!"
349 comments:
«Oldest ‹Older 1 – 200 of 349 Newer› Newest»I am expecting a decline. Unfortunately I don't think it will be THE decline rather the c wave of an abc for minute 4 of C of minor 2. Rock on.
*I'm usually wrong, so maybe this is THE decline afterall. Daneric had a great observation last night and is certainly supported by sentiment.*
it's frou frou friday people.....we will be looking to exit the short trade today and head into the weekend long frou frous only.
CV -- thanks for the laugh! I dont think its a bone spur -- sadly, I don't think I exercise enough to have done that to myself. How on early is Coinstar up 15% this morning?
Huh....as expected is by definition not better than expected....the institute of made up statistics fell down on the job I think.
@Jennifer
(from other thread)..."Rich Whitey."... LMFAO
---
That reminds me yesterday (on these freudian slips which are funny)...
It seems that Thor and dss (from the other blog) have gone off to do their own "bloggeteer thing"...
Yesterday there was a link to their new blog domain... and the link said:
ANONYMOUSETRADERS. yada yada
Yeah... I'll "cya real soon"!
Also... After months of efforting to come up with a new identity (and never an actual slogan) the best you can come up with is to REVERSE "traders-anonymous" (which was karens idea in the first place)...
That's like if Obama had instead just changed his name to George Barack Hussein ObaMA BUSh...
Oh no! I said MABUS!
http://www.dreamscape.com/morgana/mabus.htm
Eh, what the heck... It's Halloween! :-)
Joe Leftback always says "I got a rock"....
CV,
You have a great blog with great conversation going. It is your blog but if you want my advice (which you probably don't as you didn't ask) I'd leave it. This whole situation is kind of ridiculous given the amount of time that it has been going and the insults being hurled.
Basically, you have a great blog, forget about the others.
Do as you wish as I know you will.
Basically, you have a great blog, forget about the others.
Well said. I agree.
@mcHappy
You're free to express that if you wish, and I'm sorry if that aspect of the process bothers you...
However, I'm of the the devout philosophy (in all parts of life - not just blogs), that a little bit of controversy needs to exist to keep the juices flowing...
You should note, that when I hurl criticisms around, I do it AT GREAT RISK to how my own personnae is perceived (it's a VERY BIG RISK which I'm acutely aware of - I don't just do it willy nilly)... Generally speaking, people DON'T LIKE IT when a person seems to act negative all the time...
But I do what I do WITH PURPOSE... And that purpose is to expose people to the darker side of things (or aspects that tend to get glazed over because people tend to avoid looking at things deeply)...
Frankly, I know myself (and my communication skills) in ways that aren't easy to express over a blog... But I know that, OVER TIME, people will either come to either
- know me as a COMPLETE person (which is my goal)
- abandon me in the process (which is also beneficial to me personally because I get a better idea for who is truly thinking, and who is only glancing
The bottom line...
I'm not simply looking for "conversation"... If I wanted that, I could go stand around the grocery store aisles and yak away with people...
I'm looking to "stand in" with a group of individuals who can express themselves boldly (in a world where most feel that they are TOLD WHAT TO DO)...
I don't want to "stand in" with a bunch of "agree-ers"... Those types won't stand the test of time... They will not SURVIVE...
did someone say nanny boo boo?
not that anybody cares but it looks like the Giants are going to roll in the Series.
my great nemesis Duke is also pre-season #1 across the board
Booooooooooooooooo
McHappy,
did you get MEW book yet? What do you think. the key to the whole thing (imo) is the 5th Chapter.
Keep in mind that "love" is NOT the most powerful of human emotions...
#1 is FEAR
GREED is not far behind
LOVE is down the list somewhere...
Ben - I think it is too early in the morning to say Nanny Nanny Boo Booo.
But it's not too early to say "Your grandmother, wears combat boots - But so does mine.
Mangy Mutt
ha, so yesterday with all my dude talk....one of my clients just called me bro.
classic.
i see CSTR up over 23%.. up nearly 11 pts.. it's on my radar and obviously I wasn't paying attention.. must have posted stellar earnings.. i'm too sick to look at it..
darling audibles, CV! I'm trying NOT to be in a crabby mood this morning, believe me.
Cvienne - That is a cute name "Anonymouse" It is kind of like the name I used here yesterday, when Karen said she did not use a mouse anymore.
(I try and use Fast keys, but there are certain functions that I still need to reach for the mouse for, so Karen if you have found all the key combinations where you never have to grab that silly thing - My hat is off to you.)
Except I put hyphens in the spelling LIKE this anon-O-mouse
Mangy Mutt
has anyone called the $$ a POS yet today
if not
POS dollar
ben, you meant effing POS..
Cvienne - That "AnonyMOUSE thing you talked about early, isn't that a clever idea.
Did you notice that they put an E in there to make it mouse.
Great ideas, from great people, I bet it will be a great blog.
Mangy Mutt
there is a lot of technical evidence that leads me to bearish early next week but I highly doubt I will hold anything over the weekend
what's the business again with North Korea?
GIB
You have to be long for Moonshot Mondays :D
Anyone hear that the Fed is polling BDs basically asking how much QE they need to keep Goldman from selling the spoos? Talk about extortion.
would rather be long Friday's anon....9 straight up fridays since the rally started in September
@karen
(9:50)
"I'm trying NOT to be in a crabby mood this morning, believe me."
(9:56)
ben, you meant effing POS...
---
6 whole minutes! That's WORLD RECORD territory!
including the last week in August
You have to be long... Foisted Fridays?.... Eh, let's think of something better...
Fantasy Fridays? Anyone?
@anon
"Fed is polling BDs basically asking how much QE they need to keep Goldman from selling the spoos?"
It basically says:
- They have no friggin' idea how much is needed
- They want to PIN the decision on someone else
As if to say... "Well - You said this is how much you wanted"...
That way, when the whole thing goes up in smoke (either way), they have cover...
Got a "call" from Sarah Palin at 8:11AM this morning.
"Hellooooooo Ohio! This is Sarah Palin[click]"
How about "Fridays-Anonymous"?... lol
Fat Finger Fridays
fridays anonymous...
ror
EVIL LAGUH - Cvienne - I bet you are right that those, big'O mean people on the internet came up with that name just to get to you EVIL LAUGH WAHAHAHAHAHAH
I bet they sat around the coffee table late at night, discussing planning and plotted, until they came up with just the right thing ANONOMOUSETraders.
I bet you could sue them pain and anguish though. And that would teach those means beanies a lesson.
Mangy Mutt
yeah, Chrstine Odonnell called me yesterday I kept yelling I'm You at the recording
if the poll numbers I heard this morning are even close she's going to get stomped next week.
@CV:
I just think it's funny that they don't have some kind of econometric model to fall back on that says how much they need. By polling the BDs, they are showing just how incompetent they are. It's like giving a 5-year-old a bunch of ingredients with no recipe and saying, "OK Mary. Make some cookies for momma."
Of course, everyone here knows that the Fed operates this way, but hopefully this bleeds to the general public.
if the twenty year yield is going to keep moving up, TBT could be a buy in here.. i wouldn't keep it below 33.30 tho..
SHEESSH AnonoMouse (That really is a cut name) (10:07) You hung up on Sarah Palin? But she was almost our VP
Mangy Mutt
What the hell was that move all about?
I wish I could find a youtube clip of the smear add against Tim Walberg (Michigan congress). It's a bunch of old people complaining about how he called Social Security a Ponzi Scheme.
"It's like giving a 5-year-old a bunch of ingredients with no recipe and saying, "OK Mary. Make some cookies for momma."
That's a pretty good metaphor...
But I was thinking more along the lines of it being like asking John Hughes how much KY jelly he's gonna need to use on Little Bo Peep...
Ben (10:08) - I guess everyone is getting in on the act, could be a conspiracy,
Hey have told you yet Nanny Nanny Pooo Pooo?
Mangy Mutt
Jenn.... this is too much to bear:
Coinstar Inc.'s (CSTR) third-quarter profit dropped 53% as the prior-year impact of discontinued operations masked core earnings growth that topped expectations on sharply higher revenue.
Shares were up 15% to $53.09 in after-hours trading as the DVD kiosk operator raised its earnings target for the year to $2.14 to $2.20 a share from $1.88 to $2 and tightened its revenue estimate.
Coinstar has seen its Redbox business grow rapidly and has sold ancillary operations to focus on the unit and its coin-counting operations, including its electronic-payment services business earlier this year. DVD revenue, the vast bulk of the total, jumped 54% to $305.5 million in the latest quarter.
Cvienne (10:14) - I just HAVE to ask.
Huh????
mangy Mutt
alright, just don't want 10/25 high broken, lots of people have the triangle, lots of armchair type people have it....triangles get labeled too quickly a lot of the time.
it's pretty obvious that there are a few big stocks driving everything, if you look at tech, for example, compare NAAD to COMPQ. When i see this I envison the packed apple store in the mall, the nasty smell that's always in there with all the bodies all over everything....goooooo
whats' with all the black bars on S&P since september and none really producing any declines?
a look at XLF, this time the volume is there to confirm the pattern, from Cobra:
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2393449&cmd=show[s186131118]&disp=P
AR, up on Michigan Sentiment, i guess.. this time they will do the helicopter drop so everyone is happy.
gld is the highest it has been all week, I believe.
crude oil is still not following thru, however.. neither is copper.. Jenn.. do you see JJC in the 49s !!!
"I wish I could find a youtube clip of the smear add against Tim Walberg (Michigan congress). It's a bunch of old people complaining about how he called Social Security a Ponzi Scheme."
oh, I can see it now, some old head tooling around on their taxpayer paid for rascall screaming:
he's telling the truth about social security!
and Michigan no less, what's average RRE selling for in Detroit these days?
I remember when the GM bailout was going on, every day having to see Jennifer Granholm on CNBC...blah blah blah blah blah
Cheeky Bastard (at ZH) was discussing some various topics in an Open thread yesterday...
I agreed with him 100% when he was basically talking about how equities are DEAD here...
When I say DEAD... I mean, really untradeable... It's kind of silly that we spend so much time talking about it...
I'm getting very close to just pulling everything out, holding cash, and buying more silver & gold on pullbacks (physical)...
I have enough gold... And I have a decent start with silver, but I'd like it broken up (vis-a-vis coins)...
It's all going to be about FX going forward... & I probably can't stomach the swings of electronic commodity trading...
I'm liking less and less the idea of these masterminds knowing the position sizes of everyone in the universe...
It's rigged... (or THAT part of it is anyway)...
What's the point in owning the S&P if every percentage point gain from here forward is a product of the same incremental shift in the value of the dollar?
Anyone?
Karen,
here let me try
gold is up on GDP
no?
@Mutt
(10:14)... I was making reference to the Fed "asking" PD's how much they needed... It was akin to that as a metaphor...
"as the prior-year impact of discontinued operations masked core earnings growth"
That's a recipe for earnings manipulation. When they have a big loss from discontinued operations, companies sometimes try to hide continuing operations losses in the discontinued operations losses.
Basically, the way I learned to raise a red flag is this. Watch for a spike in core margin ((Sales - COGS - SGA)/Sales). When you see one, look to see if there is a simultaneous spike in non-operating expenses. If so, then dig deeper to see if any operating expenses have been reclassified.
If BR and Cvienne were in a cage match, my money would be on Cvienne. As long as he could move in the open he could pick BR apart, BUT if BR got him with one of his bog'O meat hooks, it would be curtains for Cv, as BR would just pancake him and the Cvienne we know and love would be assimilated into BRienne.
BUT What would happen if Mighty Mouse, got into a cage match with this Anon-O-mouse????
Mangy Mutt
@McFearless
Nowadays they don't even need to bailout GM anymore...
We were talking about that here yesterday...
If GM needs money, they just borrow it low interest from Goldman or JPM... If that fails, GS & JPM ask the Fed to print more money for them to pass thru to GM...
Meanwhile, the dollar keeps sinking... Sweet!
Anon,
thanks for that 10:27, have you been posting here regular this week? I'm getting the same style post it seems, get a handle, you seem to have some interesting things to share.
slippage in fxe and fxa.. stay sharp!
cv @ 10:23.. been having similar thots.. or, i was thinking i might just limit myself to one ticker and gdx..
"If GM needs money, they just borrow it low interest from Goldman or JPM"
I would highly suggest watching the Reggie Middleton clip our boy I-man linked up yesterday where he "breaks it down" on this issue.
Cvienne (10:08) - The mommy probably doesn't know how to read. So it's all good on the cookie baking front.
Although there was a time that my wife was baking Chocolate chip Cookies and for WHATEVER reason reached for and put in vinegar.
Guess what, I gave my Neanderthal neighbor as a present?
Mangy Mutt
team,
please don't get suckered into the market is rigged nonsense, realize that people have been claiming this for over 100 years.
stacked against, not rigged, just like every other big business.
All I know is EURJPY & AUDJPY are down, Gold up, EURUSD down, DXY down (just a little) and someone is throwing everything but the kitchen sink to keep the market afloat. Rather funny if you ask me.
I think I might try one of those fancy pumpkin carvings tonight, I really just want the seeds inside.
cstr % of float short interest: 32.32% another nflx!! LOL
If we'd been clever.. we would have gone long those names pre earnings.. bet there are still a few out there.. : )
Cvienne (8:33) - You real think it took them MONTHS to come up with that name, or was that just another metaphor?
But no matter how long it took them to hatch that EVIL plot (I bet they did it, in the homes it would send you into YEARS and YEARS of family therapy -EVIL, EVIL PEOPLE) You do have to admit that anon-O-MOUSE is a cute name.
Mangy Mutt
BreakingNews
Suspicious packages removed from UPS flight from Paris; bomb squad on scene at Philly airport - NBC News
Ben(10:53) - I hear you there, we dry them out and either bake them in the oven or fry them in a pan.
Good Stuff
Mangy Mutt
yes Mutt, I like the pumpkin seeds with a little salt in the oven
I eat those while I pass some candy out, keeps me from eating all the candy
alaidi
Possible H&S on Daily $GLD as we reach the wedge btwn 1358-13330 $GLD
@Mutt
I have no idea...
Actually, I just meant what I wrote at (8:33) to act as sort of a "one liner"...
You know... Stand up comedy...
I'm not sure I want to spend the day revisiting it... Maybe McHappy was right...
And this is the PENANCE of my high falutin' risk... :-)
I drink a frothy white frou frou while i pass the candy out; i don't eat candy.
frothy white frou frou....that sounds awesome
I was thinking of getting involved with some white russians this weekend, and I'm talking about drinks...not anna chapman.
Karen -- I saw JJC, too bad something (gold?) is keeping FCX up. Tried to buy some puts at HOD, got a partial fill on my order -- one put. Fantastic. The commission isn't going to make that worth it.
McF -- get one of those little pumpkin carving kits. They are cheap, plastic, and probably made in China, but we managed to make it all last long enough to carve our best pumpkin ever. Of course, we got a little over excited and carved ours on or about October 4th, so it is all moldy and caved in now.
Ben - When I was younger (Still in Highschool) we would go out on Halloween and hide behind bushes and wait for kids to walk by, jump out and scare them.
It was mean and I don't (HONEST) do that anymore, but sometimes the kids would drop their bags of candy as they are off.
Mangy Mutt
I wonder if the creepy nun mask will cause a problem with the ultra religious family we're going trick-or-treating with.
@McFearless @ 10:31 AM
I've been posting all week and I might use a handle, going forward, when I remember.
I'm kind of a privacy freak, given that things on the Internet are eternal. In the past, I've tried to lay low.
@karen (10:33)
I'm glad you agree with that... Not that I'm trying to build a consensus on things, but REALLY that's a thought that's been building in my mind since August...
They always say "You can't fight the Fed"...
I wholeheartedly DISAGREE with that notion, and frankly would be willing to trade AGAINST the Fed any day of the week...
But trading AGAINST the Fed doesn't mean you have to sit here and short S&P futures...
I'm a practical guy... & I know what the PRACTICAL ways to do it are...(fight the Fed)
- don't botrrow money
- don't hold your money in banks
- hoarde necessary assets before your so called "money" loses it's buying power
Everyone laughs at me that has been using their CHASE cards for purchases all summer where the BIG DEAL is that your purchase gets ROUNDED UP to the nearest dollar and that money gets deposited in a savings account that gets paid 1% interest...
Whoop-de-fucking-doo!
I pay cash, ask for my change back (round up to the next dollar), and ask for change back in nickels... Toss em all in a huge 100 gallon garbage can...
The copper value of the nickels has gone up 25% over the summer...
If you walk in to a bank today with $10 bucks and ask for 5 $2 nickel rolls, you just made yourself 20% right then and there TAX FREE...
Screw these bastards!
(yeah - CV is the yo-yo here)...
Mutt,
I've got a bit of a clown phobia thing, ever since that dumb move IT, I'm not really much for Halloween, but I like to pass candy out to little kids, other than that, I refuse to go out on H-night.
Mangy -- two years ago my oldest had a hole in her candy bag, but neither she nor I noticed it. My younger daughter, who is somewhat less interested in running all around the neighborhood and somewhat more interested in gorging herself on candy, figured it out. She followed big sis and scooped up all her loot. Fessed up when the last Milky Way was gone.
Matthew,
yes, understandable.
@Matthew
I hope you didn't do any old fitness videos...
Some people will spend hours of their lives digging them up to try and have a few laughs amongst their friends that your hair looked like "Bono's" in 1986...
tradefast
monitoring the QE2 trade- i watch performance of $TLT and $SPY (main beneficiaries) relative to $IWM and $EEM (weak dollar has less benefit)
Anyone know why I can't get the same number of bars on the 60 min stockcharts charts as I can get on the other interval charts?
where's ahab been?
looks like C will have another day of trading between 4.15 and 4.17.. that ten min chart is UFB, really.. BAC moving down again, if anyone cares..
@CV
I think Christine O'Donnell could attest that there are worse things to have on record than scruffy hair :D
Jenn.. the first 60 min bar is actually 30 min in duration.
@McF
You misinterpreted my definition of "rigged"...
I'm NOT implying that anyone has control...
I'm talking about orders being able to seen and picked off by algos...
Whatever you're doing, it's not going to be as advantageous as others with more sophisticated technology...
You're coming to a gunfight with a pea shooter...
I just realized my lawn guys are here and i'm sitting in little panties.. LOL! I kept thinking.. whose mower is running.. it's not wednesday.. i think i need a cup of coffee.. (my house is all windows!)
Karen -- naked traders anonymous?
@McF
I was wondering too about ahab...
I haven't seen posts of his at Ritzy's either...
The politically correct term is "multi-tiered" market (I saw this used in one of the CFA Institute's publications when they were describing what amounts to unfair dealing by BDs).
"Stacked" and "rigged" are distasteful to Lloyd.
CV,
but here's the thing, as I'm to understand it if you were motivated enough, you could purchase similar technology to see the orders, KidD has talked about this several times over the last few months, it's sort of an empty argument when that is considered. Also, if HFT's/Algo's are quote stuffing, just because they can see "orders" doesn't mean they know for sure if they are real or not, the most sophisticated technology couldn't capture that.
my point was that all companies are going to have an advantage over an individual when it comes to information, in every single business, this is not exclusive to wall street.
maybe he is on vaca?
Matthew, you aren't CFA from last years FF league are you?
oh....maybe ahab is on vacation.
Ben,
Have not gotten to MEW yet. It is on my Christmas list though and this is the most highly anticipated Christmas I've had since Santa brought my Sega Genesis. The baby might have something to do with that but the book is very much anticipated as well.
@McF
I'm about 20 fish down the food chain (towards guppy-ville) to bother with ever trying to make that hypothetical investement...
But I get your point...
It's the 30 handicap golfer who goes out and buys the $1000 driver, and drops another grand on a few 30 minute lessons...
Chances are, he's not bought himself a ticket onto the Ryder Cup team...
Will someone please tell the algos that gravity always wins.
BreakingNews
Update: 2 more cargo planes with 'questionable shipments' at Philly, Newark airports - Reuters http://reut.rs/9PmBOM
CV,
My last bit on it, I swear. I have no issue with people having different views but the conversation has long since gone from fundamental versus technical analysis, healthcare, politics, etc. Things have become a bit much in the sense of 'nanny nanny poo poo' or 'you are a *$*&%&$*' etc.. This is what I meant by having great conversation - not all great conversation is "Oh yes, I agree!" In fact, most great conversation is anything but.
But as you know, we don't have to agree on this! lol
It's no secret in my office that I have a crush on Mandy Drury, but she looks really "clownish" today. She needs a serious fashion makeover.
goldman ready to unwind buffets stake? Buffet says they need FED approval first.. and they have not called him yet.
http://www.youtube.com/watch?v=r7Ald5ctIco&feature=player_embedded
"Chances are, he's not bought himself a ticket onto the Ryder Cup team..."
Exactly, I often think about it in terms of opening a burger joint that competes for business with McDonalds. Easy? Hardly. Are you likely to miss things they wouldn't? Probably. Could you do poorly and claim McDonalds rigged the burger market? Well, you probably could, but it sounds a little silly this way, it makes more sense to just say the odds were stacked against you competing with a behemoth like McD's.
maybe not the best example, but the point is, markets aren't rigged, most people crying this, well I think I have a good idea about what sides of the market they were on in 2008 and 2009.
Ben, this is funny.. i know you are not a Joe W fan:
http://www.businessinsider.com/whoops-nouriel-roubini-just-called-me-a-parasite-loser-off-the-record-2010-10
@McHappy
You cherish EWI...
As such... things go in waves, right?
Apply...
Frankly - I's say that I have been in a sillier mood over the past few months...
I'm mirroring what's going in Washington & Wall St...
How can you take OR TREAT these people seriously?
It'd be a little like trying to write a PhD dissertation on Pee-Wee's playhouse...
Cvienne – Sorry for the delay, but I was sitting here this morning, sipping my coco and playing with my Barny Frank doll, well Barn decides he wants to go spelunking. Who am I to say no to Barny? Anyway, he got stuck, so I have spent the last half hour extricating him from my bum. But no worries, this wasn’t his first spelunking expedition and he will clean up nicely, but until then. He is just going to have to sit in the sink.
So, I finally got a chance to re-read the 8:33 post about that cute name Anon-O-Mouse, great one liner, but it did sound a little like Nanny Nanny Poo Poo.
Anyway, talk with you later – Barny is awaiting a clean up.
Mangy Mutt
@McFearless:
No. I have never played fantasy sports. I'm afraid that I wouldn't know where to start.
@AndyT:
Ms. Drury used to dress a lot better when she was on CNBC Asia with Martin Soong.
Andy, who ever she is, she is being tweeted about.. SellPuts
WOW mandy she looks fresh today... what does everyone think of that lip gloss? appropriate for CNBC?
that shirt mandy has on.. she going sailing later? or on a gondola?
DarinTennyson @SellPuts Uhhhhh yeah... the lip gloss... and how about that shirt! She's rockin' the total package today.
i gotta turn cnbc off.. this mandy business is 2 much im getting fills and not realizing it cause im staring
(OK, now i get that she must be a newscaster.)
Ben - I hear you on the Trick or Treat thing, my oldest LOVED going out and getting candy, but my youngest sounds more like you. He would rather open the door and hand it out.
Clowns.... They are nothing to laugh at.
Mangy Mutt
Looks like there is really something going on: BreakingNews
Bomb found on Yemen-Chicago UPS cargo flight during London stop - CNN
seems like this is about where real rates are:
Lukoil Prices $800M 10-Year Bond At 99.081 To Yield 6.25%
Karen,
i'm not a big roubini fan, that said, I think Joe W and James Altucher are like the big nerd kids that want so badly for the cool kids to like them, they'll do anything to get "in" with them.
Last week it was JA Slobbington whining that "I never get invited to any of Nouriel's parties".... I want to see the vags all over the walls too!
sorry if that last line is offensive to anyone, CV can delete the comment, if you have no clue what I'm talking about, read this:
http://nymag.com/daily/intel/2009/03/nouriel_roubinis_wall_vaginas.html
Jennifer - It always makes me smile to see how the younger ones learn from their older ones "mistakes"
Here your younger one is able to capitalize on her sisters "mistake" (Wasn't really a mistake)
You have to laugh at stuff like that though :)
Mangy Mutt
@McHappy
I'll give you a perfect example...
I don't study EWI (like you, or McF, or Andy do)... But I'm intrigued by the philosophy...
Mainly the notion of "socioeconomics"...
I used to go to DANERICS blog every day (especially when I started authoring this one because I wanted something to help me along with some modest framework)...
I hardly go at all anymore (maybe about twice in the lat month)...
Not that it's a bad blog... But it's just that these minute waves that DAN is trying to dissect is a bit like sitting outside knitting in a hurricane...
I'd rather be in touch with what's going on in a larger realm... The LARGER REALM is that we happen to be in a period where we're going NOWHERE FAST...
That too, will play itself out cyclically... And at that point, the conversation will probably reflect it...
Sometimes there's just nothing INTERESTING to say...
http://www.finalternatives.com/node/14341
Hedge Fund Manager Retools 'Vision', Aims For 100% Net Return
Jennifer (10:50) - I use to (For reals) live across the street from some nuns, I always wondered what they thought of the "Sinner" across the street.
But I would shovel their walk in the winter, set the garbage by the curb for them and other little stuff.
And they would reward me, by making cookies, which was a good thing since my wife puts VINEGER in hers (Not all the time, just once, but I still give her a bad time about it)
Mangy Mutt
my lousy one put is up 13 percent. I think that covers the first leg of the commission.
Mathew (11:26) - Last year was the first time I played Fantasy Fooseball. And with many of the same people on this blog.
They are all good and I got my butt (Sans-Barny Frank) handed to me.
Cvienne is a store house of information and is very apt at pulling "real-life" information (He speaks of that in AmenRa's Post last night) from raw data, he ALWAYS says "This or that will Happen" (Before the fact, not after like BR) and I would say he is correct more often then not and sometime with some pretty big gambles.
Anyway, I had a lot of fun playing with all of them last year. But could not do it this year.
Great fun, especially if it is with the right people.
Mangy Mutt
small H&S on the 5 min futs chart.
Julia Allison, "I WISH I HAD A BRITISH ACCENT SO EVERYTHING I SAID WOULD SOUND SMART. INSTEAD I WAS BORN IN CHICAGO"
Ben, Thanks for the link, because I was clueless at first... I think I saw that last year and literally tuned it out and forgot about it.. too weird.
crude taking it in the shin!
James Bianco and some interesting charts:
http://www.ritholtz.com/blog/2010/10/pomo-still-matters/
I vaguely remember the vulva walls. I just clicked the link and I think that you have to be in a certain frame of mind to think those look like vulvas. It's like asking someone what they see in Rorschach plates.
@McHappy
Or... another way to look at this would be simply to view this blog as a CHOW LINE...
I'm tasked with the job of ladeling a big scoop of slop on your plate at mealtime...
I'm going to try and make the slop as tasty as possible, but I can't guarantee a gourmet dinner day in & day out...
On those days that you look at the glop in your bowl and say "damn - this glop again"...
Well - if you're not hungry... START A FOODFIGHT and have yourself dome damn fun!
http://www.youtube.com/watch?v=u48PvBTl3u8
Oct 29, 1929... http://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929
"Anyone who bought stocks in mid-1929 and held onto them saw most of his or her adult life pass by before getting back to even.”
—Richard M. Salsman
LB looks forward to the video version of the blog when he hears about Karen in panty trading mode.
Unfortunately LB has left his glasses at home and so can't see if Karen has a new icon. It does appear that Bloomberg has turned up the gain so it looks as though the market is doing something.... which it isn't.
LB.. haven't I told you to have a spare pair of glasses for your office?!
Leftback - Sorry to say, you are NOT missing a new Karen Icon, But you are MISSING a great one that has been used before.... Just saying
Mutt
k -
re panty trading mode...
might that be near as risky as 72bat's coffee-making sans shorts mode?
@karen
Crude has to be reacting to this bomb story on various UPS planes...
Hey! Finally! a news story that moves markets that doesn't have Bernanke's signature on it...
@Karen. Exactly, she looks like she's going on a Gondola ride....ridiculous.
Caught the Obama talking on CNBC.....he said something about how we (Congress+President) all need to work together to help people achieve the "American Dream."
Can someone please define for me what the "American Dream" is?
@Matthew
"It's like asking someone what they see in Rorschach plates."
Reminds me of this scene... (start at (4:22)
http://www.youtube.com/watch?v=W1PiJOL2cRw
bat! i remember that, LOL..
cv, i hadn't made that connection at all. (apa down too.. i think its more to do with fundamentals, supply, believe it or not!) look at weekly xom candle.
@Andy T
"Can someone please define for me wha the "American Dream" is?"
I'll take a crack at that...
Mandy Drury all dolled up in a sailor outfit!
Andy.. no worries.. he's a one termer.. and that American Dream line was DUMB. The American Dream? Living beyond your means and never having to pay for it.
@karen
It was just a thought...
Crude tends to get whacked around for a few hours at least whenever some 9/11 type thing hits the airwaves...
I'd like to hear Nic's opinion on that...
don't you love accounting?! BOSTON (MarketWatch) -- Merck & Co. reported sharply lower third-quarter earnings early Friday, attributable to steep charges taken in the 2010 quarter and hefty gains in the 2009 period.
@72 (11:56)
You just reminded me why I drink my coffee black...
lookin' for but not finding amanda ready to sail..., url?
earnings don't matter but the div does! LOL.. forget what they report.. what do they payout is all that matters, right REITS?
CV.. it usually goes up on any geopolitical or terrorist chatter.. so this is quite a tell, imo..
@karen
"reported sharply lower third-quarter earnings early Friday, attributable to steep charges taken in the 2010 quarter and hefty gains in the 2009 period"
That's what happens when the HOPIUM runs out...
It ought to be part of one of Ritzy's "typical business cycles"...
CV, how does drinking black coffee save you from scorching your, ah, privates ???
Andy (12:01) - Perhaps it is when we the American people, can do the screwing of the Big Banks, Wall Street and Congress, instead of the other way around.
Mangy Mutt
The American Dream?
LB running a global macro HF at the beach somewhere, with AT on the commodity desk, LB on fixed income, Nic on FX, the I-Man trading e-minis, and Karen trading small miners, and acting as LB's Strategic Macro Advisor, suitably attired, of course. Ben would handle Customer Relations.
I think that group would make bank.
HousingWire
Wilmington Trust sale rumor rattles investor advocacy group http://goo.gl/fb/MbQHx
Now FBI Claims it was not Bomb
NEW YORK | Fri Oct 29, 2010 11:58am EDT
NEW YORK (Reuters) - A suspicious package found on a UPS plane stopped in Britain was initially tested and found not to contain explosives, an FBI source said on Friday.
U.S. authorities were investigating "potentially suspicious items" on Friday on cargo planes that landed at airports in Newark, New Jersey, and Philadelphia, the Transportation Security Administration said.
@karen (12:11)
I disagree... somewhat...
Supply line terrorism YES (like pipeline attacks and such)...
But on PLANES (or 9/11 type thing)... not necessarily...
http://www.wtrg.com/oil_graphs/crudeoilprice0105.gif
Cvienne (12:09) - That is the way I drink it, there are times when we go to a restaurant or pay TOO much for it at Starbucks, but black is (IMO) the best way to drink it.
Mutt
@karen (12:12)
I was thinking mostly along these lines (as to why I drink black coffee)...
http://www.youtube.com/watch?v=vzknhw82WKs
@LB
Could I handle the SPORTSBOOK operations?
cv
You got it. Plus you can write the HF blurbs, LB's writing is too terse to fill up the glossy brochures, and besides LB would be more interested in taking millions of pictures of Karen.
bat can haz the coffee cart frnachise?
cstr up over 25% now..
@LB
My resume is that my published sports handicapping calls are ranging in the 63%-ile...
Which is 8% after PAYING vig in 2 months...
Now flip that to COLLECTING the vig on the operation and you're making 18% (in two months)...
Now operate the winnings and annualize it...
Pretty tidy income...
That's a good franchise. Not to mention the pizza concession.
thanks for that, CV, rolling my eyes..
@LB
Here's "72bat's" resume to handle the coffee cart operations...
He learned from him MOM here...
http://www.youtube.com/watch?v=cSD2mp8TH5Y
oh dear.. upp is perilously close to 22.35! this is it.. really.. all bets off.. GLD will go to 1680, next week.
this is getting laughable: BBCBreaking
BBC understands suspicious object found at UK's East Midlands airport was not a bomb, but was potentially sinister
@LB
Whene there are no games on... I'll procure the hookers & blow...
In sports though, you'll have to help me with the CRICKET lines...
22.36 on uup is line in sand today.. look at gld.. INSANE Fed..
Isn't it AMAZING, when you think about it...
How quickly Andy T's simply question...
"Can someone please define for me what the "American Dream" is?"
got to... Hookers, Blow, & Gambling
ROR
@Mutt
"American Dream"...
How about this? Nobody gets screwed by anybody?
How about we live in a country where we're actually free to do whatever we would like do, so long as we're not harming others.
How about this...the "American Dream" is something that should NOT be defined by the U.S. Government. i.e. "Everybody becomes a 'homeowner.'"
This sounds like a good subject for a "thread."
American Dream = No More Bailouts
we are sitting at precipice.. here and now, imo.. effing dollar. tbt, too.. what was my break number 33.30? tagged 33.98 so far.
American Dream?
Some things come to mind:
1. Never have to think about anything "complex"
2. No work on the weekends
3. Rims, ideally ones that spin
4. A few victories in class action lawsuits
5. stainless steel appliances
6. vacation home(s) as well as large annual vacation
7. 10%+ annual returns with no losses and no fees
8. ability to eat like a pig whenever you desire
9. the "right" to retire comfortably
10. be on tv for something
11. ability to buy a home and not pay for it
12. ability to use a credit card and not pay
13. montly bank account credits, for living the American Dream
that's probably enough, I think it's a long long list
*as an aside, the big buzz in one of the local schools is that they will no longer give students a class rank in order to "help them focus better on their education"
14. all children above average in all subjects.
Here's the "Maldivian Dream" anyway...
Couple's 'Vow Renewal' in Maldives Was String of Insults
http://www.aolnews.com/world/article/couple-in-maldives-thought-they-were-renewing-vows-were-insulted-instead-video/19694679
Not a very interesting day.
Sit around for a while before Mr Steel drops in for a visit.
Karen,
Clothing updates welcomed.
I just remembered, most of the American dream was described in the book of Timothy:
For starters:
"For men shall be lovers of their own selves, covetous, boasters, proud, blasphemers, disobedient to parents, unthankful, ...
"they will no longer give students a class rank in order"
of course!... How silly it ever was to ever reward creativity, initiative, & achievement...
Let's IMPEACH Obama on those grounds... After all, no need for a RANKING system in the real world...
He's so smart AND EDUCATED, he ought to figure out that he should just IMPEACH HIMSELF under those auspices...
@LB
"Not a very interesting day."
It was 81 years ago today...
Barton Biggs says stocks may rally 10% on QE:
http://www.youtube.com/watch?v=25l3s5XDvyE
Stewart and Colbert team up:
http://www.ft.com/cms/s/0/0b8211c6-e371-11df-8ad3-00144feabdc0.html?ftcamp=rss
Barton Biggs says stocks may rally 10% on QE:
But will they dive first ???
NEW YORK (Dow Jones)-- Oil futures fell Friday following a report showing modest U.S. economic growth in the third quarter.
Light, sweet crude for December delivery lost $1.01, or 1.2%, to $81.17 a barrel on the New York Mercantile Exchange, after hitting an intraday low of $80.56. Brent crude on the ICE futures exchange gave up 76 cents, or 0.9%, to trade recently at $82.83 a barrel.
The decline follows the U.S. Commerce Department's report of 2% growth in third-quarter gross domestic product, slightly below the 2.1% expected by economists surveyed by Dow Jones Newswires. Oil traders sold out of positions taken earlier in the week that would have profited should a bigger GDP expansion have sent prices sharply higher, said Jason Schenker, chief economist at Prestige Economics.
@karen
If Barton Biggs parrot takes a crap, it's an automatic excuse for a 10% rally...
actually, he says dive than up 10% LOL..
he's funny, actually.. spells out G U E S S..
most attractive play on higher risk: tech, oil service, drug stocks.. emerging markets are the favorite of investors and his.. only halfway along that bubble.. particularly Asia..
"we're in a bubble prone.."
"the world economy is in a very dangerous position.. and i don't know which way it will tip.. but the fed is doing the right thing!!.. the government is doing the wrong thing.. talking about austerity.."
he is nucking futs..
he does think it will eventually get very ugly in the Treasure market..
treasury i meant!
K.,
You are our Treasure, angel.
Andy (12:45) - That would be a great dream, but as long as we are dreaming Ben's 12:52 is good too.
Now were did I put that Unlimited Credit Card :)
Mutt
@karen
You just made my day...
Barton Biggs offering me suggestions on "which of the bubbles" is the best of the best bubble to invest in...
http://www.minyanville.com/businessmarkets/articles/gold-stocks-mining-stocks-earnings-gold/10/29/2010/id/30850
Barton Biggs....give me a break, dude lost 30% in 2008, staying bullish through, wildly so in May when he pounded the table about the 'second-half' now he's repeating the same nonsense JA he did then, and I'm certain we'll get the same excuse he gave then if it doesn't work......it's the governments fault, they simply didn't spend enough.
c'mon....he's even still using "soft-patch"
The consumate flipper this year, you know, when the "facts" changed....he was looking for 15-20% upside in May, got all out of stocks by early July and then back in July 26 citing that economic data wasn't so bad. You know, because he's using the economy to determine the future trend of stock prices.
How many of you got in your car today and looked in your rearview while you drove where you needed to go? I know I did.
brains, or a bull market? Look at his performance, he does real well during bulls, and really bad during bears.
Also, Cliff A really has a point with these guys, how can they, with a straight face, charge 2 and 20 buying common stock. Give me a break.
watch the 77.35 level in the $USDX http://chart.ly/22r8wmn
WTF?
on Andy's cue... I flipped on CNBC (which I hadn't tuned in to for months) hoping to get a glimpse of Mandy Drury looking like a tart...
All that's been on is a jet on a remote runway for the past 2 hours...
I'd rather see OJ driving his White Bronco down the 405...
CNBC has become CNN...
i am getting cheery for a break up. seriously.
CV @ 1:40!! LOL!! your brain is something else!
and, Ben @ 1:33, you are so darn attractive when you go off on a rant!!
http://www.marksmarketanalysis.com/2010/10/north-and-south-korea-exchange-gunfire.html
I am starting not to like the smell of this market.
GDX averted going into a downtrend today.. not sure that will hold.. but it is all about QE now..
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