Actually, she's right... Many Americans do make poor food choices (evidently they make poor "political" choices as well - so the next thing, I suppose will be to pass laws which tell you who you need to vote for, or what you can or can not read on the internet)...
Well, CV is here to be a "good citizen", so I'm going to use this forum of the internet to help you understand a thing or two about food choices...
Worst Foods in America, 2010
Hmmm... In that article, "Cheesecake Factory" (CAKE) is pretty high on the list of no-no's... Looks like MO-MO just ruined a few Christmases... (And yes, if you & your husband spend your life going on shows like "The View", "Oprah", and "Comedy Central", you get called cutesy nicknames... Only when you do "serious" things (like Barbara Boxer - lol), do you earn the right to be called by your title)...
And, in summary, Michelle Antoinette Obama, I suppose, is saying "Let zem eat CAKE, but then she's taking that cake right back away from you...
Let's move on...
Not Exactly a Treat: Candy Co. Staff Meet in ND
Excerpt:
FARGO, N.D. – "There is an old saying in the sales business: Always be closing. Here is a new one: Always be freezing, if you do not sell enough.
The company that makes Hot Tamales candy offered its sales team an all-expenses-paid trip to Hawaii if it met its annual goals, and a trip to the nation's arctic tundra if it didn't.
The Just Born team did not meet its target and, on Tuesday, about two dozen salespeople gathered inside the 19-story Radisson hotel — the tallest building in frozen Fargo."
There is an unconfirmed rumor floating around that Queen Obama didn't want riff-raffy Hot Tamale salespeople traipsing all over her island for her upcoming vacation, so she torpedoed these candy sales goals in the 11th hour with the "we can't leave it up to the parents" comment...
What a dud!
Speaking of DUDS...
New Tenant of Harvey Milk's Old Store Draws Ire
SAN FRANCISCO – "On the surface, the new tenant at the storefront where Harvey Milk waged his historic political campaign would seem like the last organization to anger people in the gay community.
The Human Rights Campaign, the nation's largest gay rights lobbying group, wants to open up an information center and a gift shop in the building that would pay tribute to the slain gay rights leader.
But Milk's friends and admirers are so incensed at the group taking over the slain San Francisco supervisor's stomping grounds that they would rather see a Starbucks there, underscoring the tensions that exist within the various factions of the gay rights movement.
The organization is a frequent target of criticism from gay rights activists who consider its mainstream, "inside the Beltway" style ineffective. They believe the organization's philosophy of incremental progress in the gay rights movement runs completely counter to the uncompromising message of gay pride championed by Milk.
Weren't these Milk Duds from the same district that banned Happy Meals? I've heard some of them have moved on to blogging...
I'm telling you man... Between Cake, Hot Tamales, Happy Meals, Starbucks, & Milk... It's so hard to keep all this food straight... When CV has a question about such things, I turn to the sound advice of my man Pauly Shore (who I will appoint to head up the FDA when I get elected POTUS)...
See that parents? It's simple... You just combine the 4 basic food groups... And make sure in the end, you don't "WEEZ THE JU-UICE"...
I'm sure you're going to receive all kinds of unsolicited advice (or "laws" - as the case may be) by other WEEZERS...
If you choose to go that route... Well, the best CV can say is "You can eat your dinner, eat your pork & beans"... But as for me? "I eat more chicken any man ever seen"... Buon Appetito!
Coming soon to the USA...
ReplyDeleteGreek Strikers Halt Flights, Buses as Bailout Bites
http://www.bloomberg.com/news/2010-12-14/greek-strikers-to-halt-flights-buses-as-bailout-reality-bites.html
Excerpt:
“You can tighten your belt up to a point and then you reach a point where fiscal austerity is self defeating and I think they’ve reached that point,” said Diego Iscaro, an economist at IHS Global Insight in London."
Translation: You can promise citizens entitlements, safety nets, UI extensions, free healthcare, SNAP & all kinds of pretty things that will get you voted into office... but then, when the time comes for those citizens to redeem those promises, and you find the piggybank is empty, they'll throw molotov cocktails at you...
"“In terms of our salaries, we are going back at least 20 years,” said Stamatis Klapsis, 52, who has worked as a stationmaster at a suburban Athens bus depot for 31 years. “They are taking us back to the Middle Ages.”
Translation: No, sir, they are taking you FORWARD to the Middle ages... There... fixed it!
Obama Meeting CEOs Today Shows Business President Who Delivers Their Gains
ReplyDeletehttp://www.bloomberg.com/news/2010-12-15/obama-meeting-ceos-today-shows-business-president-who-delivers-their-gains.html
Well, whadda ya know?... All the little mouseketeers (Jeffery [GE], Jamie [JPM], Johnny [CSCO], seem to be happy...
Excerpt:
In a news conference on Nov. 4 the day after the elections, Obama said he wanted to make “clear that the only way America succeeds is if businesses are succeeding.”
Translation: Obama wants to make it clear that the only way HE SURVIVES HIS TENURE FOR THE NEXT 2 years, is if businesses get to line their pockets on the backs of middle class taxpayers... There... fixed it!
From Mish this morning regarding events in Europe:
ReplyDelete"Marson estimates that, as of June 2010, Europe’s financial system had some US$13.8 trillion worth of bonds and just US$2 trillion worth of equity. Shifting losses onto the debt, rather than just the equity portion of banks’ capital structure would therefore provide a significant cushion should a bank fail."
...Somehow when I hear an announcer talk about a "debt snowball" I don't get the image I get here.
The Keynesian system is kinda like a baby...yes, you can stuff food in from the top end, but it seems nobody wants to deal with the debt diaper.
ReplyDeleteIt's all Michelle's fault
ReplyDeleteI just hope it's not Oprah that's advising on the food menu...
ReplyDeleteOprah and Ron Paul
ReplyDeleteSocial mood at work in various ways
I might point out that their personas are now being treated differently
our bull market icon Oprah accused of being a .....gasp.....lesbian and she has to go and defend herself while Ron Paul, who has wanted to abolish the Fed for roughly 30 years and will now be chairman of the subcommittee on domestic monetary policy.
Would Oprah have been accused like that in the 90's or Ron Paul put in that position
highly doubtful, perhaps impossible when mood was so positive.
Perhaps I forgot to mention...
ReplyDeleteSince this is supposedly a "trading" blog... Well, CV hasn't consulted directly yet with the great M.O.M.O...
But as any good MOMO might advise...
JBTFD!
repost from last night- I found this interesting-
ReplyDelete"Ritholtz likes the fundamentals in Citi"
“I think CEO Vikram Pandit has a good handle on the company and finally they’re getting out from under the government . . .The chart seems to be going from the lower left to the upper right. Of all the big banks this is the most undervalued and the best looking technically".
not that there is anything wrong with that position per se- however- this a company he used to rail about- and what has changed really?
@ben22
ReplyDeleteYeah... Cv has decided that I want to go mainstream like Oprah...
So starting tomorrow, I'm just going to give everyone in the audience a new car... And do that every day from here on out...
In fact... I think EVERYONE IN THE WORLD ought to start their own blogs... and give all their commentators FREE CARS every day...
That ought to solve a lot of problems in the world... and make EVERYONE popular all at once...
. . .and not a lipstick lesbian (in my opinion)
ReplyDelete"U.S.A. v. Smith et al is a landmark cannabis case that could change federal medical marijuana law for all 50 states.
ReplyDeleteThis is the first case in which a defendant in the United States has been allowed to raise an affirmative medical marijuana defense in federal court.
Cormac J. Carney is the presiding federal judge in U.S. v Smith. In a courageous and historic ruling he decided that the medical marijuana issues will be heard as testimony. This is the first time this has happened in U.S. history.
This story started in 2001 when Steele Smith — a law abiding business man — became very ill. He landed in an emergency room. Over the next four months it happened several more times. But the doctors could not figure out what was wrong. He was prescribed pain medication, and lost 40 pounds.
Ultimately a rare diseases doctor diagnosed Steele’s disease as Zollinger-Ellison (Z-E). The disease causes painful ulcers, making it difficult for patients to eat and is so rare most doctors have never seen it. The result is extreme pain and nausea. Doctors prescribed him the strongest acid reducing drug available. For the severe pain, the doctor also prescribed high doses of morphine and sent him to a specialist (a pain doctor) who ordered a morphine regimen.
Steele became heavily addicted to morphine. With the support of his wife starting in 2004, he began to try and “kick” his morphine addiction. It almost killed him and he ended up in the intensive care unit (ICU). Over the next year and a half Steele battled his morphine addiction. After painstaking research he found a new drug, Suboxone, and under the care of a doctor over several weeks he was finally able to become completely drug free. However the under lying pain and nausea returned. He was unable to eat or live a normal life.
After more research Steele was given a medical marijuana recommendation. He bought hismarijuana at one of the dispensaries in Los Angeles.
His recovery is nothing short of miraculous with his pain and nausea now controlled using cannabis, Steele was able to eat again and his health returned...."
http://militantlibertarian.org/2010/12/13/federal-government-to-%e2%80%9callow%e2%80%9d-whole-truth-in-trial-in-us-vs-smith/
AAIP
ok- where's my new car?
ReplyDeleteAAIP-
Steele was able to eat again and his health returned...."
the wonders of cannabis- always made me hungry (and quite lazy)
@AAIP
ReplyDelete"Steele was able to eat again and his health returned...."
---
"...but then, MOMO gave him a list of what he could and could not eat... So he just said SCREW IT and shriveled up and died"...
There... fixed it! :-)
"... But now we are witnessing the deindustrialization of America. Tens of thousands of factories have left the United States in the past decade alone. Millions upon millions of manufacturing jobs have been lost in the same time period. The United States has become a nation that consumes everything in sight and yet produces increasingly little. Do you know what our biggest export is today? Waste paper. Yes, trash is the number one thing that we ship out to the rest of the world as we voraciously blow our money on whatever the rest of the world wants to sell to us. The United States has become bloated and spoiled and our economy is now just a shadow of what it once was. Once upon a time America could literally outproduce the rest of the world combined. Today that is no longer true, but Americans sure do consume more than anyone else in the world. If the deindustrialization of America continues at this current pace, what possible kind of a future are we going to be leaving to our children?
ReplyDeleteAny great nation throughout history has been great at making things. So if the United States continues to allow its manufacturing base to erode at a staggering pace how in the world can the U.S. continue to consider itself to be a great nation?..."
http://theeconomiccollapseblog.com/archives/19-facts-about-the-deindustrialization-of-america-that-will-blow-your-mind
ibid.
and . . .to counter balance-
ReplyDeletehttp://www.latinoreview.com/images/stories/articles/amber-heard.jpg
(lipstick lesbian Amber Heard)
LSS: Medical Marijuana would put a major crimp in BigPharma's 'style'..
ReplyDeletemaybe, even, more importantly, We should be ;legalizing; Industrial Hemp..
http://search.yippy.com/search?input-form=clusty-simple&v%3Asources=webplus&v%3Aproject=clusty&query=Industrial+Hemp
note: the article on 'de-industrialization' is a little overwrought..
AAIP
I am a lesbian
ReplyDeleteBernank- me too:-)!
ReplyDeletealso- from NC-
"The New York Times reports that the Republican members of the Financial Crisis Inquiry Commission are going to pre-empt the report (due in mid-January) and issue their own 13 page screed later today focusing blame for the crisis on…Fannie and Freddie, and no doubt the CRA too . . .We had housing bubbles in the UK, Australia, Ireland, Spain, Iceland, Latvia, Canada, and a lot of Eastern Europe. Can we blame the CRA and Fannie and Freddie for that?"
so . . .I wonder if the GOP will the TBTF's BFF
Where is your Beard?
ReplyDeleteFrom Reason-
ReplyDelete"The Municipal Debt Bubble"- As cities and states boost their debts by 800 percent, a housing-like crisis looms.
http://reason.com/archives/2010/12/14/the-municipal-debt-bubble
from CNBC-
ReplyDelete"New Challenge for GE's Immelt: Too Much Cash"
they just keep trotting these stories out- as if it's a real story
CV,
ReplyDeletere: new cars like Oprah
um, it just sunk in for me, so let me say
whaahahahahahahahahahahahahahahaha!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I'm ripping my hair out, I'm doing jumping jacks and cartwheels, I just belted out defying gravity while standing on a chair
whahahahahahahahahahahahahahahahahaha!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I'm so thankful for all you've done for me, you really changed my life.
(These are Volts.....right?)
good morning.. i'm here, kind of, trying to wake up with a cup of coffee.
ReplyDeletelol, GE went from insolvent to, too much cash in about 18 months.
ReplyDeletedebt and cash, same thing apparently in Websters.
"the wonders of cannabis- always made me hungry (and quite lazy)"
ReplyDeleteindeed, weed is a gateway to all things 711 and high school bake sale items like.....oh no wait a minute, nevermind that last part anymore.
I don't think the C chart is all that compelling, of course I'm not infallible either, so don't put much into that statement.
ReplyDeleteDavid Bianco today on CNBC
ReplyDeleteWe think there is an 80% chance that the S&P will be at 1,500 by the end of 2011 and a 10% chance it will be at 1,000, so that's how we come up with a target of 1,400.
Chew on that one for a while.....
Was an interesting discussion this morning, to say the least.
Also, I might throw out there that David Rosenberg did a little capitulation this week, directly after chart after chart of excessive bullish sentiment, his reason.....the improving economic data of course.
Turn Up The Glenn Neely!
These are Volts.....right?
ReplyDeletethat's funny-
I've decided on a Nissan "Leaf" myself- so when I am going on a road trip I can stop every 100 miles or so and recharge my battery for 8 hours - (and the plus is it forces you stay around a while and maybe spend the night so you get to know the place)-
maybe when they come out with the full size "Twig" - I'll get a bit more range- (or the one seater super-subcompact- the "Nut")
sinclair's email: Dear Friends,
ReplyDeleteThere is a dire collapse taking place below the radar screens of the public. The financial condition of the fellow states of a currency union is the most critical component of a common union currency's value today. It is the challenged financial integrity of member states and their constituents, the cities, towns and villages that make up the state where risk is most prevalent.
The municipal bond market is today in a second freefall as such entities now are failing in paying their obligations to suppliers and services. In many instances the overdue payments are 6 to 9 months in arrears.
Simple common sense tells you that if suppliers and servicers cannot be paid, you cannot meet your interest due obligation to the bond funding upon which these constituents of the state depend.
Fancy financial manoeuvres have been utilized at year-end to camouflage this growing and now transparent risk of bankruptcy. There is no difference between the use of OTC derivatives to camouflage Greece's financial weakness and the present procedures of fancy bookkeeping on behalf of the 40 now identified states of the United States.
Worst of all is that these municipalities are now in line at the gates of the Barbarians that actually caused all of this. They are seeking assistance from the very same international investment banks that are the OTC derivative manufactures and distributors of that singular cause of all the Western world monetary suffering. They are the chickens walking into the fox's lair that can only means their bones will be cleaned of flesh.
The momentum decline of the euro in operation short of the euro, named "Shark Feed," is the best precursor of the " Shark Feed" being a terminal attack on the US dollar very soon.
Gold is the only insurance against this unprecedented Western world financial malaise. It will rise in price to $1650 and beyond.
Respectfully,
Jim in Africa
I don't think the C chart is all that compelling
ReplyDeleteI just find it interesting how he has changed his mind on Citi- I mean- what has changed- outside of the fact that the CEO has come out and said that the USG will never let it fail- ever
Ben @ 9:42... did bianco REALLY say that? UFB
ReplyDeleteKaren,
ReplyDeleteyes he did, I'll find the video.
Also, Jim Sinclair takes the cake with the broken record thing on the dollar. Last August we heard about the countdown to dollar implosion as he had "sources" (gnomes) in caves in Antarctica that let him in on a secret plan.....Well, I counted down, was about as exciting as Y2k. I don't think he's totally wrong, but we should all recognize by now just how long it will take for all this to play out.....we've got years and years left.
Ahab,
BR is a momentum guy, my guess is the Fusion model now ranks C as a buy, so that's all that changed, the model. He's just a quant, you know.
peep, really, should pay more attention to Sinclair..
ReplyDeletethere have been all kinds of 'Stories', dumped into the 'Snow' of X-Mas Season, about ~Tax 'Deals' to 'save the Pensions'/'cuts' to 'balance the Budgets' (in Muniland) from Coast-to-Coast-to-Coast, over the last ~week, or so..
AAIP
here you go, DB on CNBC this morning:
ReplyDeletehttp://www.cnbc.com/id/15840232/?video=1697097011&play=1
@McF
ReplyDeleteVOLTS... Yes! Yes! Yes!...
COAL FIRED VOLTS...
and I misqoted him, they give 1,000 a "20% chance"
ReplyDeletenot 10%
Forbes to GOP:
ReplyDeleteQuit Whining- Steve Forbes wonders why Republicans are complaining about Obama's tax bill . . . there's some outcry about the spending side of the bill, but overall he says that it is good for the economy and bullish for stocks.
of course- the stock market loves debt and deficit spending and tax cuts (without corresponding spending cuts)-
as an aside, Forbes- if anyone remembers- was one of the first to recommend suspension of mark to market for the banks
"Federal Reserve policy makers indicated that signs of economic strength won’t deter them from pumping money into the financial system so long as unemployment remains elevated."
ReplyDeleteyou see folks- that employment mandate is carte blanche to do anything they want
as an aside- it does appear that all the scuttlebutt is indicating a bull market is here to stay-
observations?
I'd also watch the video right after so you can hear the JA state,
ReplyDeleteI have the best job at the bank because I work with main street guys like Ross and Lefrak
you know, all those billionaires that stroll in off the street to make deposits.
Crude Oil 88.54 -0.30 -0.34
ReplyDeleteNatural Gas 4.237 -0.018 -0.42
Corn 587.25 -1.25 -0.21
Soybeans 1306 -6 -0.46
30yr Bond 120.09375 +0.50000 +0.42
10yr Note 119.281250 -1.375000 -1.15
NY Gold 1392.0 -12.3 -0.88
NY Silver 29.325 -0.463 -1.57
Emini S&P 1235.25 -1.50 -0.12
Emini Nasdaq 2207.00 -7.00 -0.32
Emini Dow 11424 +3 +0.03
http://www.ino.com/
the Paperback is catching a bitty Bid..
also, my opinion is that the idea that bond yields are going up to reflect a better outlook on the economy is becoming consensus.
ReplyDelete"don't over think the past"
ReplyDeleteright! continue to make the same mistakes.. dot.com bubble.. RE bubble.. credit bubble..
zerohedge, Oops: Market talk that St. Joe Co. (JOE) is subject to takeover
ReplyDeleteben @ 10:08.. correct.. been taking that in as well.
ReplyDeleteTo clean up from yesterday,
ReplyDeleteAluminum was .53 per pound.
As a GM, no pitcher on my team gets more than a 3 year deal period.
They are too flakey and subject to bizarre injuries.
That said Philly has to be the fave to win it all.
On the markets, all the local anecdotal sentiment is extremely bearish.
New cars, trucks, and tractors stacked in every available storage place.
No construction.
Restaraunts half full.
To the moon Alice!
Foghorn
note copper..
ReplyDeleteit was also funny to hear Steve Liesman and Santeli's latest fake fight when RS asks him
ReplyDelete"was Carter one of your favorites"
"well Rick, if you want to have at it, he was, he started deregulation and appointed Volcker"
people still hyping the benefits of deregulation, don't over think the past indeed.
this is a great read:
ReplyDeletehttp://www.ritholtz.com/blog/2010/12/failing-to-prosecute-wall-street-fraud-is-extending-our-economic-problems/
Jerry Brown: California Budget Is "Much Worse Than I Thought -- We've Been Living In Fantasy Land" http://read.bi/hELUo7
ReplyDeleteGLD 139.15 and 139.54, four weeks apart.. a dbl top?
ReplyDeleteTBT at new high on day.. anyone buy the dip? LOL
ReplyDeletehttp://finviz.com/futures_charts.ashx?t=HG
ReplyDeleteCu under ~4.17
Failing to Prosecute Wall Street Fraud Is Extending Our Economic Problems
ReplyDeletesounds just like karl denninger for the last 3 years, "stop the looting, start prosecuting" just without the rant turned up to frantic.
still think we should go swedish on their asses.
hire bill black to "resolve" all the tbtf.
diana_olick
ReplyDeletemortgage applications fell 2.7% SA last week (MBA). 5th straight week of refi declines. Purchase apps turned down 5% after 3 weeks of gains
convertbond
ReplyDeleteActive name today: seeing subprime commercial real estate lender iStar Financial $SFI paper 88-88.50
"We've Been Living In Fantasy Land"
ReplyDelete"to the moon, Alice"
no doubt
Karen-
mortgage rates have bumped up 1/2 percent in the last few weeks
sort of funny listening to Oblahblah justifying the tax cut extension ins't it?
ReplyDeletehe's basically saying the exact same things Bush did in 2003 while Repubs now cry about the deficit just like Dems did then.
GIB
this is the 10th (out of the last 11 days) with a GREEN daily SPX candle...
ReplyDeleteThe one "red" day, the S&P lost less than 1 point (not percent - "point")...
See people what you have to do is... You have the BUY THE DIP!
also enjoyable when these pundits get on to hype the cyclical dividend plays and they suggest MSFT
ReplyDeleteand one of the reasons?
the xbox.....lmao
JBTFD!!!
ReplyDeleteMorning y'all.
In fact... That's become the solution to ALL the problems in the world...
ReplyDeleteWhen people ask CV "How do I lose weight"?... I tell them... "Buy the dip!"
Halt Global Warming? - "Buy the dip"
Attain Whirrled Peas? - "Buy the dip"
Feed the hungry? - "Buy the dip"
Get Obama re-elected? - "Buy the dip"
Have good sex? - You guessed it!
@McF
ReplyDeleteCV was looking into some SNE (because of that "Walkman"... And someday, Japan MIGHT be getting the Olympics!
taking a stop back from the buy the dip super strategy
ReplyDeleteit appears to me we have chop and top, three stabs at the same high, perhaps we break it, but 1261 appears to be a major task for bulls at this point.
this makes sense since the statement
"I just think you HAVE TO be in stocks here" grows more popular by the hour.
well and don't forget man, if you buy the dip really well, you could buy a Volt.
ReplyDeleteCV, surely you've now watched video of the guy that came up to NJ from Floriday to take delivery of the first Volt, he'll be driving it back to FL where his family is waitinig for him with great anticipation.
Apparently he's been on a waiting list to get the car for a few years now but he has "no doubt" the car will do what they say it will, or "one way or the other, they'll fix it"
GM and quality are synonymous
I think he said he lived in Ft. Lauderdale but surely he's got a second home in lovely Celebration as well.
ReplyDeleteHe'd better AUTOTRAIN it back to Florida or else he might not get back there before the Superbowl kickoff...
ReplyDelete"GM and quality are synonymous"
ReplyDelete---
"GM taxpayer funded bailouts in exchange for union votes for democratic candidates are synonymous"...
There... fixed it!
Bad Hair Day!
ReplyDeletehttp://www.zerohedge.com/article/very-vocal-hearing-mortgage-services-and-foreclosure-practices-process
Maybe MOMO needs to work on getting a law passed on hairstyles...
"We can't just leave it up to these people to leave the house without the government helping out with their hairdo!"
no dude, if he can't get back GM will fix it
ReplyDeleteONE WAY OR ANOTHER
you know, with this Volt, I'm thinking we can't just leave it up to people like yourself CV to determine whether or not it's good for them. Salespeople might spend more time in their cars than they do at home, over the average persons lifetime they probably spend a year or three in a car, so, we have a responsibility as. a. nation. to buy volts, we just can't leave it up to the people, we just can't.
time for a mandate, followed by a vacation
Just when you thought the “Da Vinci Code” craze had mercifully passed, here comes another potential puzzle hidden in the “Mona Lisa”: Members of Italy’s National Committee for Cultural Heritage say they have found symbols embedded in the eyes of Leonardo da Vinci’s iconic portrait.
ReplyDeletehttp://www.truthdig.com/arts_culture/item/yet_another_mona_lisa_mystery_20101213/
pretty cool- I wonder if after deciphering they determine it says- "Buy the Dip you idiot"
zerohedge
ReplyDeleteWith The End Of Today's $6.8 Billion POMO, Total Fed Treasury Holdings Now Pass Hits $972 Billion http://is.gd/iNjc1
As far as I'm concerned, they can be idiots and buy all the VOLTS they want...
ReplyDeleteIt'll just make my nickles more valuable...
---
Of course... 4 years ago I was yapping away about how corn based ethanol was a joke, and all the liberals just branded me an angry white tin hatter who was stuck in the dark ages...
They all knew that Obama was going to come in and "fix" things...
ReplyDeleteJust like GM is going to "fix" their VOLTS... And the Bernank is going to "fix" unemployment...
this is a good one this week:
ReplyDeleteQuestion:
What is your view on pyramiding (i.e., adding to successful trades)?
http://www.neowave.com/qow.asp
That is exactly what happened to me earlier this year, and now I'm down 5%. I still think that pyramiding can work, but like everything else, you need a well defined plan and a stop-loss strategy. I think if you had predetermined points where you add to your position and then can be stopped out of that new length(or short) pyramiding could work. Jesse Livermore was a big proponent of pyramiding, if I remember correctly. Of course, he was a bigger proponent of discipline. What they are describing is undisciplined pyramiding, which is exactly what I did and exactly how I've lost money this year. Just like an idiot...
ReplyDeleteKaren-
ReplyDeleteI meant to ask- you indicated your brother is unemployable yesterday (if my memory serves me correctly)
just wondering- what's his background in?
@McF
ReplyDeleteI believe you should approach ANY trade as if it was your first move...
"Pyramiding"? WTF?
That's like... OK... I was successful in taking the Rams 3 or 4 times this year, so since that worked, I'll just take them again...
Pfft...
Each week is different...
Now if I have INSIDE INFORMATION (like Congress people & Wall Street insiders)... Now, well then, I suppose I could "pyramid" all I wanted...
But that would be ILLEGAL... (for ME, but evidently not for them)...
MackieFear,
ReplyDeletesounds like he's talking about 'Equities', no?
also, he doesn't mention 'stops' ...
AAIP
we might need a few more weeks of bond destruction to totally wipe out the tiny amount of bulls in bonds that are now left.
ReplyDeleteRemember that TLT hit 106 and at that time DSI showed 98% bond bulls. Sentiment is now around 25% bulls on bonds.
AAIP
ReplyDeleteneely trades everything and he ALWAYS has stops, never seen him rec a trade without one on. I think spoonman captured what he was saying, basically every good trader has rules that you need to follow 100% of the time to be successfull, you don't make room to change the rules because of how you "feel", and often that's what you get caught up in when you pyramid.
applying feelings in markets seems to trigger lots of losses
CV,
it's just more trend extrapolation, I was right, so I'll be right, nothing new.
also, who is to say that inside information puts you on the right side of a trade? I don't think that it does. The JFK murder is a prime example.
this is for you b22-
ReplyDeleteGold Daily and Silver Weekly Charts And One Possible Unfolding of the Endgame
Will the US ultimately feel compelled to defend some of the gold and silver shorts, both in terms of bullion and derivatives, held by its Wall Street Banks . . .There should be no confusion that this involves not only a few large Wall Street players, but also elements, past and present, in the US Treasury and the Federal Reserve. It makes the unfolding insider trading scandal look like a neighborhood numbers racket.
using my best Ritholtz- what say ye?
McB,
ReplyDeletere: spoonman, tot.
his posted while I was typing..
AAIP
also-
ReplyDeletere inside information- I think you have to qualify that a bit-
if someone told you (and they had first hand knowledge) that company X was going to substantially miss revenue and earnings estimates-
that would be an easy (and illegal) trade
ahab,
ReplyDeleteman, I just don't have a comment that wouldn't involve me being a broken record on this stuff. KD has alredy explained the game that is going on with these claims about the short positions in the metals at the banks way better than I could have. He said, I think correctly, in relation to all this talk
It doesn't matter what you can prove, all that matters is what you believe
jmo of course, not sure what else to say
http://finance.yahoo.com/q/op?s=NEM&m=2011-01
ReplyDeletewho likes NEM Jan50p ?
"Puts are cheap"
AAIP
ahab,
ReplyDelete"that would be an easy trade"
would it?
for how long, an hour, 20 minutes, three days after the announcement? you might know when to enter the trade, but inside information like a one quarter rev miss tells you nothing of when to exit.
while it seems "easy" on the surface I'd suggest you consider the mind of the average trader, especially one that is willing to risk substantial sums, or any money really, on inside information that they likely have no way at all of verifying.
you think they have the discipline to sell the moment they see a solid unrealized gain?
I'm doubtful most would be able to.
further, you also have to admit that many times, and this isn't just now, that a company can miss revenue and the stock jumps up anyway, surely you've seen that play out a bunch before, so there is no promise of any outcome based on "news".
but yeah, i suppose in theory one could have had inside info on Best Buys numbers the other day and traded it for a profit, all that Im' saying is inside information hardly makes a profit certain.
though I might add to my 12:09 while my opinion is that KD is correct
ReplyDeletenobody can argue with the numbers he presented, they just are what they are.
Chart O' the Week
ReplyDeletehttp://finviz.com/futures_charts.ashx?t=LH&p=h1
if anyone was wondering wtf 'non-linearities' were..
AAIP
I proved today on CNBC that I am a Tool.
ReplyDeleteActually if you looked carefully you could tell that I didn't really believe what I was saying about SPX 1450.
My target is SPX 1750. I win..!
ReplyDeleteahab, sorry, i have been distracted.. emails and overstock.com (an amazing place!) my brother screwed around.. HS education.. built decks and bulkheads in his younger years.. low overhead, invested well but lost it all in 2008.. physical injury and drug addiction at this point.. self medicated for depression. i tried to get him out of NJ for years.. offered him $ to start his own thing, offered help, but i can do nothing now. sad, bad story : (
ReplyDeleteLong end POMO on Friday. Will the B/Ds start to front run that soon?
ReplyDeleteben, i am the only one that knows that KD = Kid Dynamite.. everyone else thinks it's Karl Denninger.
ReplyDeleteTIP is up. MUB has a bounce today.
ReplyDeleteBill Gross may be buying munis but it's Kevlar gloves, IMO.
This isn't your grandmother's bond market.
LB.. if HYG undercuts 89 again, you might rethink your thinking..
ReplyDeleteSPX performance
ReplyDelete1 week = +0.50%
1 month = +3.4%
1 quarter = +10.3%
6 months = +11.5%
YTD = +11.3%
1 year = +12.0%
2 year = +43%
3 year = -15%
5 year = -2.5%
10 year = -5.4%
20 year = +274%
30 year = +826%
SPX is "priced" in a fiat currency remember...
ReplyDeletenow, i know you all have been waiting with bated breath wondering if my etro dress would sell on ebay, and it just did!! hooray!
ReplyDeleteb22-
ReplyDeletegood points- but if you were privy to inside info (from first hand source)-
still a step up than no info- like Gordon Gekko said-
"I don't throw darts at a board. I bet on sure things"
Karen-
ReplyDeletesad story indeed
karen said...
ReplyDeleteJerry Brown: California Budget Is "Much Worse Than I Thought -- We've Been Living In Fantasy Land" http://read.bi/hELUo7
...Not in this blog...only Moonbeamers and other dreamers...
Karen,
ReplyDeletetwo things
1. J. Crew has 30% extra off all the sale items through Friday, use the code MUSTHAVE.
2. yeah, when I use KD I'm always thinking Kid Dynamite, that is who said that quote above
he's had some really good posts lately as an offset to zero hedge madness
XLF is muff diving today...
ReplyDeleteGiles.
ReplyDeleteHere in America we call it Cliff Diving, old chap.
http://dshort.com/articles/2010/retail-sales-population-and-inflation-adjusted.html
ReplyDeletethis guy has some good charts!
ReplyDeletehttp://dshort.com/inflation/CPI-PCE-core-comparison.html
Long TIP, short TLT working again. The Santelli trade.
ReplyDelete10s30s is seriously stretching credulity. It is never this wide.
In a normal yield curve 10s and 30s trade much much closer.
Ahab,
ReplyDeleteGordon Gekko got smoked in the end to teach the lesson that in the real world there are no sure things. :-)
Certainly one insider source might be better than another, if John Mac low level techie at Apple tells me that they have a jet pack option in the new iPhone, despite his last name, I'd probably trust it less than if Jobs told me.
All kidding aside though, let me share an insider tip with you on this company called Farrow Tech
going to be huge ahab....e-mail me.
HYG and JNK largely seem to be in a sideways chop.
ReplyDeleteTriangles, consolidations, higher lows.
Nothing ever so bearish going on there.
Ben.. agree with you on KD.. ZH needs less sensationalism.. and, no worries, i'm completely on the up and up with jcrew.. : )
ReplyDeletei think gold is gonna get hit hard into the end of the year and january will be worse.
b22-
ReplyDeletethe trick is- not to get caught- or be in a position where it is part of your pay package-
now this Farrow Tech- how many shares can I buy- call me-
and make it sleazy
new goldbugs won't know whether to take profits and pay their cap gains in 2010 or "hope" for a better 2011
ReplyDeletei'm embarrassed i really bot into that whole HOPE thing with Obama..
So many small traders came into gold, you just know that the big traders are going to hose them sooner or later and then buy back 7-10% lower.
ReplyDeleteMuch the same could be stated for equities...
LB, so now you are short TLT? Jury still out on HYG and JNK.. HYG did have lower lows.. look at november..
ReplyDeleteLots of people were fooled by Obama.
ReplyDeleteAt the time of the election I didn't pay attention to The Manchurian Candidate analogy. Then when I saw Summers, Emmanuel, Geithner, and that meeting with Jeff and Jamie, I knew we had been taken.
Owned, lock, stock and barrel by the kleptocracy.
ahab,
ReplyDeleteHow many shares?, well, I like to establish a relationship with my clients first. Why don't you let me show you several percentage points on this small gain and then we can talk about doing future business together.
Now Ahab, I know you are a smart guy and I know you aren't going to pass because you are smart enough to know that the only guys making money passing are NFL quarterbacks and I don't see a number on your back.
(I'm hoping people realize these are movie lines....)
and btw, I have a pinky ring on Ahab.
ReplyDeleteNot short TLT, or long.
ReplyDeleteWhen the rally in Treasuries arrives it will lift all fixed income boats. HYG, LQD, TIP, MBS. Only an abrupt stop in credit would widen corporate spreads.
Corporates are not where the risk is, it is now in munis and govies.
I exclude UST, JGB and bunds which are all havens.
Those who are short USTs here will eventually suffer the fate of the JGB shorts. Death by a thousand cuts.
Disinflation, baby. That's what the dshort charts are showing. In spite of the helicopters we are still extremely close to deflation.
B22-
ReplyDeletethat's some funny stuff:-)!
gotta roll . . .
TNX will be at 3.5% very soon and TYX at 4.6%. The hide out place will start looking attractive again.
ReplyDelete2s10s is 282 bps. 300 bps is the limit.
ReplyDelete10s30s is 111 bps. 125 bps is the limit.
The long end is starting to scream BUY ME.
Banks will be pouring into long bonds and mortgages very soon.
Borrow at zero, make 5%.
Deal, Helicopter Man.
Senate passes BS tax cut bill 81-19. China on phone to Finance Ministry as we speak.
ReplyDeleteI simply can't get enough squid.
ReplyDeletehttp://www.bloomberg.com/news/2010-12-15/goldman-s-bankfein-deputies-to-collect-111-3-million-in-stock-bonuses.html
Can we sell them now, Gary?
where is the reaction to the approval of the tax cuts ?
ReplyDeleteToo late. TNX at 3.5% and TYX at 4.6%.
ReplyDeleteRemember - if we were in a recovery, 2s would be screaming northwards rather than sitting stuck at 0.64%.
ReplyDeleteSteep YC is bank heaven, now they will come in and buy Ts again. More FI profits, more sheared sheeple.
More bonii. Nothing else matters. Just Big Banker Bonii.
It's the American Way.
LQD back to early May levels. Buy signs flashing.
ReplyDeleteBig money should love these buying opportunities.
(Assuming they were wise enough to raise cash last month)
We weren't. We're not smart. Or agile.
ReplyDeleteJust big.
Oh, and we went to the right schools.
Choate and Yale. Genuflect, peasants.
Don't forget Dalton Early Start.
ReplyDeleteMet a lot of great contacts when I was 4.
I don't have two neurons to rub together.
ReplyDeleteMade half my money being born and married the other half.
No idea what the poor are complaining about. Idle scum.
http://www.bloomberg.com/news/2010-12-14/germany-stiffens-opposition-to-bailout-boost-in-crisis-face-off-with-ecb.html
ReplyDeleteGermany Stiffens Opposition to Aid Boost in Face-Off With ECB
"The euro weakened after Moody’s Investors Service said today it may cut Spain’s Aa1 credit rating. The country lost its top rating in September. The currency declined 0.4 percent to $1.3321 at 12:32 p.m. in Berlin.
The review is “not good for spreads or the euro,” Charles Diebel, head of market strategy at Lloyds TSB Corporate Bank in London, wrote in an e-mailed note.
Spreading Contagion
Evidence that core countries in Europe are also at risk mounted yesterday when Standard & Poor’s cut the debt outlook for Belgium, which is stuck with a caretaker government six months after inconclusive elections. Belgian bonds fell, pushing the risk premium against comparable German notes up 2 basis points to 102 basis points."
...Okay..how do you fit a B into PIIGS?
BIG PIS? Would I have to pull out my old geometry book for that?
(No. Lefty. That word has another S....)
ReplyDelete"where is the reaction to the approval of the tax cuts?"
ReplyDeleteoh, you'll see that in
the economy
Long ago, early in 2010 I think, Macro Man discussed a trade:
ReplyDeleteLONG the govies of responsible Teutons (germans, swiss)
SHORT the govies of profligate club med (spain, portugal, italy)
I'd say that was a bullseye.
Hoyer: House won't vote today on tax cut bill. Blinking contest has just begun.
ReplyDeleteWe fancy another little bite of LQD today. Not a lot.
ReplyDeleteZero equity index ETFs here. Our REIT longs are off today.
In fact unless the miners crash we are not having a great week.
We have done a great job of minimizing portfolio volatility of late.
Up 0.7% in three weeks.
Piles of cash, fixed income positions and very little leverage will do that for a guy. Mr Excitement is waiting for 2011 to get jiggy again.
Mr. Excrement is waiting for what?
ReplyDelete....Oh, never mind...found my reading glasses..
in dec, RIG went from 67 to 74 on pathetic volume.. no sell off on today's announcement of justice department lawsuit.
ReplyDeleteMBB is back to August 2009 levels, almost.
ReplyDeleteA few pigs have been slaughtered, for sure.
Bruce, get back to those burgers will ya?
We are hungry over here at the coal face of the credit market.
2 hour chart readings...
ReplyDelete1260 - no way we'll get here this year
...1251 - 50%
1242 - you are here
...1233 - 50% - bounce here this week
1224 - looks like we want to go here
1206 - no idea
1188 - um, you guess
Lefty,
ReplyDeleteI think about where we are now and simply have to shake my head. I look at our spiraling deficits and would be absolutely horrified,except that Europe is in the same, if not leakier, boat. The Chinese? Communism and capitalism as conjoined twins? It is as if the entire world is nuts( except of course for our band of brothers here).
Every elected official seems to be a dog in the manger...
18, you are funny : )
ReplyDeleteBruce @ 1:58, you are too! just caught that thread..
ReplyDeletehope LB isn't buying LQD one share at a time.. even a small nibble of 1k shares costs 107K with just about zero upside, LOL.
below 1221 and I'll start freaking out as bear boy, no.... zombie bear boy
ReplyDeleteuntil then I'm calm like Phil Ivey.
above 1261 and stick a fork in the current count, it's over and we are likely going to 1,300 plus in 2011 q1 or 2.
Either way....
"I'll ride the wave where it takes me"
Eddie Vedder.
Don't forget about Japan Bruce
ReplyDelete@K, really, he should be buying NCP for the bounce, a buck maybe?
ReplyDeletehttp://www.zerohedge.com/sites/default/files/images/user5/imageroot/havenstein/Rosie%20Capitulation.jpg
ReplyDeleteWe borrowed this from Rosie. Bond sell-offs in December are not in any way uncommon. Q1 and Q3 tend to be the best quarters for bonds. "Sell in May/June" and "New Fund Flows" being the likely culprits.
Ben:
ReplyDeletejapan announced they are lowering tax rates on corporations today..I know you saw that.
hilarious that NCP has a bullish P&F objective of 29.5
ReplyDelete"hilarious that NCP has a bullish P&F objective of 29.5"
ReplyDeleteJBTFD
Sell em bitches... equities, we mean.
ReplyDeleteMetals too...
This comment has been removed by the author.
ReplyDelete2s30s at 395 bps... amazing!
ReplyDeleteLook, Sire. They are still trying to JBTFD !
ReplyDeleteI know, Giles. Amusing isn't it?
ReplyDeleteShall we turn up the power on the Liquidity Suction Device?
ReplyDeleteBruce,
ReplyDeletecorporate tax rates on the "headline" are nonsense, none of these corps are paying anywhere even near 35%
not to mention, as if that solves any problems for Japan
ha!, pushing on a wet noodle they are.
@Fixed income analyst
PTTAX drops every year around this time, the only year it didnt' since 2001 was in 05'. Is this move more amplified?
well yeah, though aren't all the moves now?, and what should we expect when the Fed is such an active participant anyway....
We can give it a test this week to see how it is working. If we are smart then a few JOHN Es will come in and JBTFD.
ReplyDeleteBut let's save the full power for January 5th or so. Remember that the sheeple always pile their money into "the market" on January 3rd, so we must let our mutual fund partners do their work as usual.
January 5, 6, 7, John E is going to be vacuumed. The Squid needs to eat and we only eat money, Giles.
Rosie's chart suggests this sell off isn't much worse than last year's. We used that one to get very very long TLT which turned out to be a very very beautiful thing for us.
ReplyDeleteDid you all remember the "Death of Treasuries", Julian Robertson and "Gary" posting over at Macro Man. Those were the days...
"Each time I think to myself this market is overbought and needs a rest, I have to remember - this is not a market with normal price discovery.... overbought is only a state of mind. Dick Arms stated this morning, using his ARMS index the market is the most overbought in the nearly 50 years since he began the measure.
ReplyDeleteIt has been nearly 50 years since I invented the Arms Index (also known as the TRIN) and wrote about it in an article for Barron's. Since then, the Index has had many big swings, most being very good signals. Now, in terms of both the five-day and the 10-day moving averages, the Arms Index is at its most overbought levels ever. "
http://www.fundmymutualfund.com/2010/12/halfway-through-december-and-nasdaq-sp.html
Alaidi (forget 13190.. this is doing 1.3060 manana) and Coleman are on the same page:
ReplyDeleteAfter yesterday’s clean out of shorts on the rally to 1.3500, I suspect the market is much less short of EUR/USD.
The risk is now that we break that support area with relative ease and make a run at supports just below the 1.30 level.
http://www.forexlive.com/154027/all/1-31680-key
LB.. this isn't last year.. TLT is selling off with dbl volume this month to last december.
ReplyDeleteHYG was actually up every december from the previous month for the last 3 years.. and 4 years ago it was flat nov to dec.
John is already dip buying, just read that dead hobo's posts at TBP, he represents the retail herd now.
ReplyDeleteYou can call me crazy, but I'm thinking about buying the dip.
ReplyDeletelast months down volume in TLT was highest ever.. is that distribution, ben?
ReplyDeleteone might be able to stretch an argument that we are just now moving down in 5's and up in 3's on the S&P cash
ReplyDeletewe've gone over counting waves this short term but that fits the larger count
last year uup rallied from dec to june! uup started rally last month on good volume.
ReplyDeleteKaren,
ReplyDeletewell, I think fixed income analyst properly pointed out that leveraged players were far more active in the bond space this time around so perhaps that some of what you see in the volume, I still think the correction could go longer as I've been saying but I'm not yet thinking this is something more ominous, the fact that so many are claiming bond yields are rising on expectations of a stronger economy and that often the people saying this are stock peeps should remind us to stay alert to value that very few might see early enough
TLT is one thing, and I'd be more interested in that dropping a bit more but I think there are more attractive places in fixed income, jmo.
that said, each bond rally from here may continue the path of being smaller and offering less upside, 08 was the biggie, 09 was smallish, this year pretty big, there seems to be some alteration at work here
@18
ReplyDeleteCNBC version...
1260 - open a can of catfood & celebrate
1242 - wait for a dip
1224 - JBTFD
1206 - JBTFD
1188 - JBTFD
0 - JBTFD
http://www.bespokeinvest.com/thinkbig/2010/12/15/trading-range-charts-for-fixed-income-etfs.html
ReplyDeleteLB.. this isn't last year.. TLT is selling off with dbl volume this month to last december.
ReplyDeleteThe lady with the delightful ankles is correct, what happened this year that was different is there was massive BUYING of TLT in September-October by leveraged players who are normally not participants.
A few phone calls this Fall confirmed for LB that hedgies had piled in to Treasuries massively, and so the mini-bubble and subsequent retracement were entirely predictable.
Jennifer
ReplyDeleteDo you really want to buy into a low volume market with some tax selling going on? Be my guest...
Lovely charts from bespoke there.
ReplyDeleteLQD, TIP still inside its Bollys?
Note the unparalleled ugliness of MUB.
HYG and JNK aren't ugly and were not included.
We have been sitting in HY, partly b/c of illiquidity considerations.
IOW, not all of what we own is in the ETF form.
We have added slightly in this area.
Thanks for your concern but there was no need to worry-- I couldn't bring myself to do it. I haven't been able to go long for more than 15 minutes since August of 2007.
ReplyDeletehttp://www.foxnews.com/sports/2010/12/15/michael-vick-wants-dog-help-rehabilitation/?test=latestnews
ReplyDelete"Eagles quarterback Michael Vick, who spent time in prison for his involvement in dog fighting, said Tuesday having a dog as a pet would help in his rehabilitation.
In an interview with NBC News and TheGrio.com, Vick said, "I would love to get another dog in the future. I think it would be a big step for me in the rehabilitation process."
...And pedophiles say if I could just run a day care center!
...But he is playing a much better quarterback than he did in Atlanta.
@Jennifer
ReplyDeleteGet with the program...
AFIA2BNL will tell you what "dip" to buy...
MOMO will tell you what to feed your kids...
Got that?
I wonder if the ASPCA will have a comment on Mr. Vick's comment...I suspect they will.
ReplyDeleteCRB Index
ReplyDelete318.84
-0.67 -0.19%
US Dollar
80.233
+0.866 +1.11%
http://www.ino.com/
5-Year Treasury 2.099 +0.055 +2.69%
10-Year Treasury 3.52 +0.065 +1.88%
30-Year Treasury 4.6 +0.044 +0.97%
http://finviz.com/
Paperback catching a stronger bid..
Metals (primarily Au & Ag) are falling out of their recent uptrend..
AAIP
TLT went into a certifiable (13 under 34 ema) downtrend mid October, after peaking in Aug.. so the leveraged players were the johnnies then. the entire month of december has been below the low of Aug..
ReplyDeleteseeing 2 H&S on the SPX hourly chart...
ReplyDeletehead on the 13th, 14th
one left shoulder on the 7th (which may take SPX to 1221)
the other on 5th, 6th, and 7th Nov (which may take the SPX to 1180)
...just saying
Is MOMO going to buy my groceries, bring them to my house, and cook them up for me? Better still, will she stick around to hear the 3 little darlings whine and complain about what she's prepared? If so, then I'm all for that plan.
ReplyDeleteI know a few underlings at hedgies, I was also told many were very active in the treasury space early this fall, far more than "normal"
ReplyDeletebut of course, this is the new normal
it does seem that barring catastrophe TLT is due for a bounce in January anyway after four solid down months. 90 looks like a JBTFD target.
ReplyDeleteLeftback said...
ReplyDeleteThanks for your concern but there was no need to worry-- I couldn't bring myself to do it. I haven't been able to go long for more than 15 minutes since August of 2007.
HYG under 89 will get ugly LB.. just sayin'
ReplyDeletehyg 87 might work for a bounce.
ReplyDeleteWe added LQD, up from 1.3% to 2.6% of the portfolio.
ReplyDeleteNot exactly a big exposure. HYG is 21.4%. TLT is 0%. TIP is 16%. So that is a total of 40% fixed income. We are flat equities.
We think TIP will outperform TLT for a while as we wade through some months of commodity price pass through, then that trend will reverse.
It's not clear whether HFs were hurt by the yield reversal.
Presumably most of them were able to exit in time?
As always, not everyone in Greenwich is a genius.
Wonder if we see a rotation from gold into crude and Treasuries?
Just askin'..?
oh my word!!
ReplyDeleteVIDEO: if only 4,296 people have watched this, maybe there's more risk in this mkt http://www.youtube.com/watch?v=AuJZdWTiaJM
"Is MOMO going to buy my groceries, bring them to my house, and cook them up for me? Better still, will she stick around to hear the 3 little darlings whine and complain about what she's prepared? If so, then I'm all for that plan."
ReplyDeleteWhy of course... You see... She's a "magical" MOMO (and I can prove it)...
She was able to grow magic okra in the White House garden without even being there to tend it...
She managed to have it flourish all during the July - August growing season while she scampered off to Spain & Martha's Vineyard... In the end, it just jumped into little boutique boxes all by itself so she could lavish it as "gifts" to the UN delegates wives...
A person capable of that, I'm sure can do anything you ask... Even from far off distances...
SP500 will come down into OPEX, then drive up for VIX expiration next Wednesday (Santa Clause Rally).
ReplyDeleteDidn't you know Greece is flammable
ReplyDeleteWe are willing to bet the lady a pair of extremely expensive panties that HYG does not go below 88.50 during December or January.
ReplyDeleteIn fact we doubt it will go below 89 for at least three months. We think that declining or steady credit spreads and stabilizing or falling Treasury yields will see HYG drift higher during Q1.
i'll hop over to journelle right now and start shopping. : )
ReplyDeleteI will give you evens that there is a military dictatorship in Greece, Portugal or Spain by the end of the decade.
ReplyDeleteThese are the Banana Republics of Europe. One whiff of a problem, the business and landowners call the generals in. It's a thin veneer. They were all fascist when I was growing up.
HYG Jan 2011 90.000 call @ $0.40
ReplyDeleteSP500 will come down into OPEX, then drive up for VIX expiration next Wednesday (Santa Clause Rally).
ReplyDeleteI like that thinking, a lower high on the Santa Clause bounce would be interesting as well....
http://finviz.com/quote.ashx?t=AAPL&ty=c&ta=1&p=d
ReplyDeletewho likes ~310 by OpEx?
AAIP
btw, anyone else having 'page load'/'posting' "issues"?
blogger has been a bit funky for me for a few days yes.
ReplyDelete@AFIA2BNL (3:30)
ReplyDelete"I will give you evens that there is a military dictatorship in Greece, Portugal or Spain by the end of the decade."
& why not toss the USSA in there too?
Presidential Directive 51: "A presidential action shrouded in secrecy and general cloak and dagger spookiness. When ignorant yuppies accuse the Liberty Movement of “paranoia”, I always point out PDD 51, and ask them if they are at least intelligent enough to be concerned. This order was initiated by George W. Bush and continued by Barack Obama, and is designed to give the president virtual dictatorial powers during a state of “national emergency”. It dissolves all states rights and places the entire country under the purview of Northcom, and Homeland Security. The guise of “continuity of government” is used as a rationale. Also allows the president to declare a state of emergency for almost any reason. Members of Congress and even some members of Homeland Security who have requested to read the entire directive have been denied. The bill is apparently so disturbing that Obama doesn’t even want those with security clearance to view the full document. Though I’m sure there is some grey area that can be exploited where classified materials are concerned, as far as I can tell from my research, Obama’s withholding of information on a directive such as PDD 51 from Congress is wholly illegal."
http://www.fas.org/irp/offdocs/nspd/nspd-51.htm