Can you please do CV a favor? (CV having a "vision" of what it might be like to be a citizen of a great country for the next century, or so)... Can you quit fucking around? I mean, FUCK... When I see stuff like this it just PISSES ME OFF...
Obama's Novel Spin On M.A.D. - "Assured Self-Destruction"; President Tells Congress Not Passing Tax Deal Would End His Presidency
Yeah sure... I'm sure it's just sensationalism... & OF COURSE it's not something you'd ever see on MSNBC, "The View", "The Oprah Winfrey Show", or "Comedy Central"... but WTF?
Did you REALLY speak of M.A.D. in those terms, or are you just MAD like this?
Are you actually going to do something? Or are you just passing time until the next milestone in your career?
Your tenure, thus far, has been complete and utter bullshit! (GWB III, or Jimmy Carter II come to mind)...By "WHAT" standards? (you may ask)... Well - I'd say... By YOUR OWN STANDARDS...
By now... You must be a total embarrassment to quite a number of people (yours truly - not included - because I didn't vote for you - but even so - you're STILL embarrassing) who BELIEVED in your message (dog help the ones who DID vote for you for their lack of common sense - & vulnerability to be duped by a con artist)...
But... C'MON MAN!... Can CV be your "caddy" for a moment?... It's NOT TOO LATE... Most - are jumping ship on you right now... That's usually the time that CV likes to get in there and BACK a FIGHTER... Someone who can find themself in that darkest moment... To make LIGHTNESS out of DARK...
"Time for you to come out of the shadows junior... Time for you to choose... You ain't alone... I'm right here with ya... I've been here all along... Now play the game..."
146 comments:
http://www.irishcentral.com/news/What-Ireland-can-learn-from-Icelands-economic-recovery----111721169.html
What Ireland can learn from Iceland’s economic recovery
Then there is Iceland. Prior to her financial meltdown in 2008, 60% of her citizens favoured entering EU membership and monetary union.
Today, more than 70% oppose the move. Why? Because had Iceland been in the Eurozone when their banks collapsed, Brussels would have stepped in.
And in return for bailing them out, Brussels would have seized Iceland’s 200 mile limit fishing grounds – the richest in the world – and control over their thermal energy supply, which powers 90% of Iceland’s electricity.
In contrast, as a sovereign nation with sovereign control, Iceland has managed to successfully restructure her banking system, devalue her currency, boost her exports of fish, and restrict foreign imports. Three new banks have been established – one with state majority share.
Her GDP growth in 2009 was –6.5%. Today it stands at 0%. The unemployment rate in 2009 was 9.4%. Today it has been reduced to 7%. Then compare these figures with Ireland’s disastrous catalogue of economic blunders.
A large degree of resistance exists in each of these countries to further encroachments by Europe into their national affairs - its immigration policies, labour rights, foreign affairs, and military development.
Aman and Lefty:
Enjoyed your comments last night. Both of you boys may be smarter than you look.
the Obama video, what a joke, I did one quick search, found this:
APRIL 15, 2009
Agencies Slow To Post Lobbying Information
Only 8 out of 28 government agencies have so far posted their stimulus-related communications with lobbyists online, according to the nonprofit Sunlight Foundation.
and this could interest a few people:
http://news.yahoo.com/s/yblog_thelookout/20101215/ts_yblog_thelookout/watch-the-suns-great-eruption
It's "Bush's Fault" that Obama hasn't lived up to any of his campaign promises...
"Tax package heads toward high stakes vote in House"
I wonder what the over/under is on this- funny how Obama has embraced GOP ideals as a must win and that the GOP has thrown the budget out the window if it means tax cuts
@ahab
Here's the joke about Obama and how his office views the tax package compromise...
http://www.youtube.com/watch?v=iOH6t6mxuJM
rolls eyes - classic!
The first one out isn't even technically BOUGHT, it was won in an auction... lol
http://specials.msn.com/A-List/Lifestyle/First-Chevy-Volt-goes-for-big-bucks.aspx?cp-documentid=26764926
I look at Merkel and am confused. It is like the turd your sister marries who always needs a bailout. She's given in to political pressure already this year, but they keep pressuring her for more. More German taxpayer future debt is on the horizon. And I think she caves fairly soon. This was exactly the same stance she had a few months ago, and I think it plays out the same way here. Lots of people blame the Germans for Europe's "woes" but they seem to be the only ones not hopeless.
GO BELGIUM!
CV-
thanks for the link- gotta roll out early this morning-
for a good laugh (for everyone)- click on the Obama Elf clip- the others may be quite funny- but don't have time (takes a few seconds to load)-
http://www.zerohedge.com/article/prayer-keynesian-fool
BTW
2nd Hindenberg Omen confirmed yesterday...
morning! trying to catch up.. someone drugged me, i think.. i'm as slow as the d*mn MacBook Pro.
Prechter put out a very interesting EWT yesterday, the TRIN stats he went through were pretty amazing, I had not been following that as closely as I should have.
Still, there was a very interesting tone despite the bigger message "2011 could end up being similar to 2010" "if you look at the May 18 EWT you'll see this might just be Cycle wave b".....stuff like that
A little OT:
Listening to the radio on my way in this morning, this just in
"study shows that a high percentage of children are getting too much caffeine during the day"
then they interview one of the people involved in this "study"
she says
"we've found a correlation between kids that get too much caffeine and also not enough sleep"
I damn near drove off the road after I heard about this discovery, kids that are getting too much caffeine aren't getting enough sleep....what on Earth would be the reason, we better throw some more money at this study, this is amazing stuff here.
This one (from Denninger) made me laugh...
http://market-ticker.org/akcs-www?post=175132
Inching closer to a DAILY 3lb reversal...
little steps...
1232.85...
dipped below the daily 3lb reversal there for a minute...
GLD really trying to cling to 133..
@McF
BeeDoo is down 15% from it's most recent high...
You better go knock on the door of that colleague of yours and ask him if BeeDoo is expecting to get the Olympics soon...
http://seattletimes.nwsource.com/html/localnews/2013685184_budget16m.html
Gov. Chris Gregoire on Wednesday proposed unprecedented budget cuts that dump state programs for the poor, slash spending on education, cut pay for state workers, close prisons and reduce ferry runs.
"OLYMPIA — Gov. Chris Gregoire had four words to summarize the state spending plan she proposed Wednesday that would dump programs for the poor, slash education, close prisons and reduce ferry runs.
"I hate my budget," she said, her voice shaking with emotion.
"I hate it because in some places I don't even think it's moral," she said. "Who'd have ever thought that I would be doing this."
Just four years ago, when the economy was booming, Gregoire unveiled a proposed budget that poured billions into health care, education, state parks and more. "I love my budget," she said at the time."
...Reminds me of the old song "There's a thin line between love and hate"....amazing what 4 short years can do to a girl's outlook.
http://www.zerohedge.com/article/philly-fed-confirms-margin-collapse
just peeked at the $vix megaphone.. we are not anywhere near the top..
Catfood!
GLD looks much more like a wrongly slanted H&S than a R H&S in the making.. I think we can thank the Fed for the distortion.
albert edwards: "The notion that we are in a sustainable economic recovery is as ludicrous as it was in 2005-2007."
"Unlike Ben Bernake [sic], I like to retain some sense of humility. And it's at times like these that I really start to think I haven't got a clue what is going on anymore. It really is a mad, mad, mad world. Although on the sell-side I think I remain a lone voice of bearishness, there are other commentators who share my extreme skepticism of the current situation."
Read more: http://www.businessinsider.com/albert-edwards-the-notion-that-we-are-in-a-sustainable-economic-recovery-is-as-ludicrous-as-it-was-in-2005-2007-2010-12#ixzz18HvjEeN2
Blogger -- arrgh!
Karen -- I've been watching a declining wedge on the 5 min ES chart now for 2 days. The trendlines hold perfectly...there were two brief dips below but they were recaptured in the next bar. Can't wait to see what happens at the end. In other news, you all missed my brilliant rant on parents/kids/soda/caffeine/ food in general/ my relatives who let their kids eat stupid stuff because blogger ate my post. I know you are crushed.
CV,
he's "off" the rest of the year
though, we are going to atlantic city after the holiday....he's got time for that, maybe he's at home looking at the chart and wondering if he should just puke his shares up
and yeah, the recent activity in DANG.....he was apparen't "way in"
@Jennifer,
I posted that caffeine business especially for you, I'll bet it was the first time you heard that eh? lol.
@McF
DANG... Dang! (off 25% in the past week alone)...
Must be one of those situations when John E calls up and gets a recording on the answering machine...
Out of town... so sorry!
oh no, he's one of those guys that if a client calls mad about that, it's the clients fault, somehow.
I told you he was VP of the GIB and I wasn't kidding. I'm fairly certain they'll be giving him the GIB spirit award at headquarters this year. That's being held in the District of Columbia if I'm not mistaken.
50.00 NEM110122P00050000 0.20 0.05 0.18 0.20 100 17,057
http://finance.yahoo.com/q/op?s=NEM&m=2011-01
Au & Ag look ill..
AAIP
http://www.optionpain.com/MaxPain/Max-Pain.php
Max pain on SPY 116
@AAIP
It's time (to get ill) for those...
http://www.youtube.com/watch?v=bsT_wxYGiDQ
Oh no! Jamie Coleman succumbed : (
"The rise in bond prices may have been kicked off a week ago by deficit fears but the slide in gold in the last few days ($1407 to $1362) tells me that the rise is now being driven by upbeat US economic data and expectations for faster growth ahead."
It isn't really that gold and silver look ill this morning...what was it that Goldfinger said?
"I intend to kill you, Mr. Bond..."
Ben -- I heard the caffeine story on the radio this morning during my lunch making ritual (must not let the peanut butter lover's food contaminate the lunch of the one with the life threatening allergy...) and thought to myself...if there is any more money left in that study that maybe the researcher would like to pay me to go out for a while and then they could get my kids all hyped up on some soda and then see what happens...I'm not coming home until they are asleep.
But seriously though...where are the parents? No wonder MOMO says "we can't leave it up to the parents." My two kids old enough to know what soda is have had it once (stupid grandpa!). Even then, it was Sprite, so there was no caffeine. The older one thought carbonation was disgusting. The younger one, sugar fiend, still asks for it 9 months later. Where are kids getting this stuff? I get that junior high and older kids have vending machines, etc, but elementary aged kids do not. I freely admit that I am a control freak aobut what my kids eat, but they have not ability to get something like that for themselves, and I'm certainly not serving that to them.
Do you expect me to sell, Goldfinger?
No Mr Bond, I expect you to DIE...
SO...my husband's nephew is 18. Many times, while staying at our home, he will get himself a 20 oz Mountain Dew at 10 pm. (We don't buy this -- he brings it from home when they visit.) Then he stays up until 2 or 3 am and my sister in law wonders why he is a zombie the next day. I keep my mouth shut because 1) its not my kid, 2) my husband will kill me if I tell her what I really think, and 3) no one is that effin stupid that hey don't know what's really going on so she obviously knows nad wants to pretend. I mean -- Mountain Dew? That's the most caffeinated soda out there. Gross. Oh, and did I mention that this kid is on pretty serious ADHD meds too which are basically like refined caffeine? So why is he adding anything like that to the mix? Can't wait to get together with the family for Christmas!
And the wedge broke...up. See...I could have bought that dip no problem!
I wonder what happens if they do outlaw soda in schools? A lot of schools have sold the rights to sell soda in school, on an exclusive basis.
Could then school districts end up having to pay to get out of these contracts?
Jen, wish I could show you my spy 15 min 5 day chart..
just wait.. i'm wonder if this is a bull trap..
What a great blog. Even soft drinks post here....
HYG low 88.78 this morning.
Close, but no....
sorry, but if the spx can find more juice after the last hour and a half's ramp, i will just give up.
Karen -- I dont' usually look at 15 minute intervals, but I did after you wrote that and I see your point. Interested to see if the 50 will hold on a retest.
Great...just got an email that someone at my son's preschool has whooping cough. Gets better all the time! Just more fodder for the annual Christmas letter I guess. Hard to beat the year that my husband forgot that I'd gone out, called home, and, thinking he was speaking to me, accidentally asked the babysitter if she was naked.
comment by Sean7k on zh's margin collapse post
Thu, 12/16/2010 - 10:38
"I think scarcity might be next. With inputs going up and the people without money to buy- why would producers produce? If you can't raise prices (best buy eg) then you stop producing."
sounds familiar. now, where have i heard this before?
my spx 50 is now at 1239.57
I meant the 15 min 50 SMA for SPY which is at 124.57 now...
Well, was she?
That was the quote...I expect you to die....pretty fair memory, Mr. Bond
No. Thankfully, she was also 1) over 18, and 2) we know her family really well. Whoops!
72bat,
with a Post like that, are you trying to give CV a complex?
u kno he knows Nothing about such things..
AAIP
:)
quick! put a lid on this now, laughing..
J-
let me guess, ol' hubby listens to MP3s for their 'superior sonic fidelity', too, right?
IOW, what does he use for ears? (kiddingly)
AAIP
http://www.forexlive.com/154305/all/us-yields-stalling-in-3-56-area
Yeah, he got a lot of grief about that...but it was obviously a mistake if you knew the babysitter. He was on the bluetooth in his car..I've heard it and the sound quality is awful!
@72
supplies bitchez!
@72...
or... "rations"... It's YOUR choice...
Speaking of "rations"...I need to go acquire some. Later traders :-)
ra·tion [ rásh'n, ráysh'n ]
noun (plural ra·tions)
Definition:
1. fixed amount allocated to somebody: a fixed and limited amount of something, especially food, given or allocated to a person or group from the stocks available, especially during a time of shortage or a war
124.70 on spy better not open up.
What did I miss? Who is letting the HFTs run wild? I see the 10yr got to 3.566%. Bet that scared BB & TG. I see they're also trying to scare the weak longs in gold & silver.
OT
But CV is always on You Tube looking for various recipes & things...
I came across this link on how to "open a beer bottle with paper"
You gotta read the comment section, it's hysterical...
http://www.youtube.com/watch?v=00DWLkVLbd4&feature=channel
These 2 comments especially...
correct me if im wrong, but when i want a beer. I WANT IT NOW!!!!! not after i fold origami
willsmith66367 1 month ago 45 willsmith66367 1 month ago 45
When I find myself folding pieces of paper to open my bottles of beer I will consider my life a failure.
Today is the 12th new high on TNX. Figure there's a least one more new high (#13) before a correction.
CV
It's easier to just use a lighter.
Wait a minute. EURUSD & DXY down at the same time? Hell must have frozen over.
Jimmy Carter was a better president than most.
- Inherited a bad financial situation, courtesy of the US vs. Vietnam War.
- Deregulated some things. (E.g., trucking.)
- DIDN'T deregulate some things. (I.e., banking.)
- Recommended people wear sweaters, not import more oil.
- Brokered *some* peace agreements in the ME.
- Actually gave a shit about the little people, as clearly demonstrated by his subsequent service.
Carter also supported the religious nuts in Afghanistan, in a bid to give the USSR their own "Vietnam". But, I think that was actually a bad decision. We gotta stop the practice of applying the "the enemy of my enemy is my friend" principle in our foreign (or domestic) policy.
Weekly claims declined to 420k. How can that be good? IT"S 420k! At this rate we'll need +300-500k just to break even in 10 years.
wunsacon
Yeah. Sometimes "the enemy of my enemy" is just enemy number two.
Volume is diminishing... Mr Market is almost asleep...
No panties yet.
[This is a wager and not related to the babysitter story]
BTW, this is true. Kudlow last night:
"Sell your bonds. Buy the stocks"
Is that not a contrarian moment?
I did say that.
Watching my show is the best path to lack of prosperity...
http://www.huffingtonpost.com/2010/12/16/peter-orszag-white-house-citigroup-troubling_n_797648.html
Long Live Crony Capitalism!!
@Amen
I just use my eye socket ;-}
@wunsacon
Yeah... JC also created the DEPT OF ENERGY...
a $30 billion a year sinkhole to "reduce out dependency on foreign oil"...
ror!
Today's entry for Tool Time, this cat is calling for reversion of 10y to the historical average of 6.76%...
http://finance.fortune.cnn.com/2010/12/16/the-danger-in-bonds/?source=yahoo_quote
First of all, what a knob. We are in ZIRP. Japan never escaped ZIRP. Second, the historical average includes the hyperinflationary 1970s, flared denims and Afros as well as the 8-track and Earth Wind and Fire. Absent the pre-Volcker spike, average yields are no far off where they are now. Third, well, if we do get a 6.76 10y, house prices will go to about 55 cents, and we will own half of Greenwich, paying cash for abandoned mansions as their owners migrate in search of cat food.
Not likely.
@Larry Kudlow
Watching your show is the best path to finding out where the best blow is...
@karen (12:25)
Wasn't that yet ANOTHER campaign promise of Obama that's been torpedoed?
Stopping the flow of public servants straight into big lobby positions, or working for these banks?
oh-no.. another descending spx wedge.. this day is MADDENING
LB
If the 10yr gets to 4% and the 30yr to 5% I think equities will be out of favor for that same 10-30 year period.
Funny how that genius at Fortune didn't point out the danger in binds in October, when we were sellin' Ts....
Gotta love these journos. Stupid or corrupt, you choose....?
CV
I read somewhere that only a small percentage of lobbyist info has been put online by the administration. Don't want J6P knowing who paid who to screw up his/her life.
Who is buying IQI? Are they assuming the Fed will backstop Munis?
C candle in stall mode.. JJC in indecision but definitely looks ready to fall farther, imo.
$gaso stayed in down channel yesterday.. i don't know what it is doing today..
Who is buying IQI?
We are.
Are they assuming the Fed will backstop Munis?
We are.
We are buying HYG too.
It was that or buy panties.
apparently even dead cat's bounce
Meow....
dead catfood bounce
At least the Bernank is answering the age old question...
"Why is there no MOUSE flavored catfood?"
Answer: Because GRANDMA has to eat it...
http://www.ritholtz.com/blog/2010/12/mutual-fund-flows/
We would argue if higher rates are going to chase mutual fund investors out of bond funds, they are not going into stock funds. Instead they would go back to 0% money market funds.
Stock funds have suffered 32 consecutive weeks of outflows, every week since the market highs in April. As we explained here, the public is not buying stock funds because they did in huge numbers earlier this decade and they are still sitting on losses. They are not interested in doubling down on a bad trade. Further market rallies will only reduce losses and not create the Federal Reserve’s much hoped-for wealth effect.
3rd run at 1247 coming up
we gotta get over 1244 first!
New Video: Triple, Quad Witch, Expirations - Danny Riley & MrTopStep Has It Covered! http://mrtopstep.com/?p=1675
@Karen,
Did we bounce off 1233 like I said yesterday?
(from yesterdays post)
1260 - 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
lucky guess I guess! but you are at you are here again
I don't think there is a lot of JOHN E in equities. A few traders sure but a lot of the 401ers are gone for ever.
This is a professional's market, (b/c so much more macro than pre-ZIRP) and quite lucrative, if played well.
JOHN E don't play Macro.
KO Christmas Music Box..
http://cgi.ebay.com/Coca-Cola-Christmas-musical-box-lights-/120659839152?pt=LH_DefaultDomain_2&hash=item1c17e308b0#ht_500wt_898
We are covering above 1251.
Lots of buyers come in up there, then it's 1270. Hard to see enough people paying attention to jump start this market.
Spain bond problems didn't lead to gold buying. Is everyone already in? Unless there are Martian bond markets, PMs may have lost momentum.
18, i kno right?!
that was a perfect call yesterday.. 1224 next.
BTW, we are NOT making any wagers with Abby Jo...
Our longs are up, and our shorts are down except for the metal short.
How far do the metals have to drop before the miners go down?
Have to run to a "Mini-Oral".
It's not as much fun as it sounds.
onvertbond Lawrence McDonald
30s minus 2s near 400 basis points at all time wides, steep treasury curve healing the banks
Anyone got gold and silver targets on the low side?
You are all geniuses at charts, not really our forte.
30s minus 2s near 400 basis points at all time wides, steep treasury curve healing the banks
Agreed. They will be reloading their Tier 1 capital soon. Don't bet against the banks here, find another flamingo.
Gold
weekly 3LB mid at 1376.70 aka time to lighten up
weekly 3LB rev at 1347.20 out
23.6% retrace of the 7/28/10 to 12/7/10 move is 1368.14 where the move down is confirmed.
Silver
wkly 3LB mid 26.96
wkly 3LB rev 24.64
23.6% retrace= 27.60 using same date range
GLD @ 50MA and good support, next good support 131, 3 day chart pattern = mild bearish.
RESISTANCE ABOVE +2.6% at 137.2 ± 1.23, type double, strength 10
SUPPORT BELOW -2.1% at 131 ± 1.18, type triple, strength 10
-4.1% at 128.3 ± 1.15, type single, strength 5
-6.5% at 125 ± 1.13, type single, strength 3
-8.2% at 122.7 ± 1.1, type single, strength 1
-9.8% at 120.6 ± 1.09, type triple, strength 10
-12.1% at 117.5 ± 1.06, type triple+, strength 10
-14.8% at 113.9 ± 1.03, type single, strength 5
<><><><><><><><><><><><><><><><><><><><>
SLV well above 50MA (25.60), next good support 26.92, 3 day chart pattern = mild bearish.
RESISTANCE ABOVE None.
SUPPORT BELOW -4.5% at 26.92 ± 0.43, type double, strength 10
-7.4% at 26.09 ± 0.42, type single, strength 8
-11.2% at 25.01 ± 0.4, type single, strength 8
-14.7% at 24.05 ± 0.38, type double, strength 10
-18.8% at 22.87 ± 0.37, type single, strength 3
-23.7% at 21.49 ± 0.34, type single, strength 3
-27.8% at 20.36 ± 0.33, type single, strength 3
-30.9% at 19.47 ± 0.31, type single, strength 2
-34.4% at 18.5 ± 0.3, type double, strength 4
-37% at 17.74 ± 0.28, type triple+, strength 5
-39% at 17.19 ± 0.28, type double, strength 3
(record low in commercial paper)
Jeff Kilburg on CMZ today "What does drop in commercial paper mean?" http://youtu.be/lxy_-mlOkJ0
DO WATCH the above video all the way thru..
Now call me cautious BUT the NSA claims last week were 585k and this week were 486k.
http://www.dol.gov/opa/media/press/eta/ui/eta20101723.htm
...sa vs nsa...I guess catfood does taste better with seasoning...right CV?
Dec. 16 (Bloomberg) -- Bill Gross’s Pimco Total Return Fund, the world’s largest mutual fund, is expanding its policy to allow investments in equity-linked securities for the first time since 2003.
Pimco Total Return may put as much as 10 percent of assets in securities including preferred stock and convertible bonds as early as the second quarter of next year, according to a filing today with the U.S. Securities and Exchange Commission. The fund won’t invest in common stock, the Newport Beach, California- based firm said
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aiAKNrWDYeZc
states with a decrease of more than 1k claims: 2
states with an increase of more than 1k claims:
30...
...Take a gander at the figures...also ALL form of UI benefits increase by 800k.
....Maybe Bernanke don't sleep too good at night.
@BinT
I wouldn't give the Bernank credit for actually giving a f***
we might be gearing up for some fun.. gold, crude, and copper all dropping last ten min..
and a quick peek at uup.. it popped in last ten min..
briefing.com: Shares of Bank of America (BAC 12.72, +0.43) are near their best levels of the session, and are one of the top performers today in the S&P 500 Financials Index. The stock is seeing a boost on reports that the company may be close to reaching a settlement with mortgage investors.
HYG, a lower low and lower high for the week..
@karen
Gee I thought BAC was up on positive news about...
THE ECONOMY
"The Great Deleveraging"
Dec. 16 (Bloomberg) -- Daniel Mudd, chief executive officer of Fortress Investment Group LLC, discusses the outlook for investment in distressed assets. Mudd, speaking with Bloomberg Television's Margaret Brennan, also talks about the U.S. real estate market. (Source: Bloomberg)
http://www.youtube.com/user/Bloomberg#p/u/1/62UAXG454L0
I'm not implying any correlation here, but the last time BIDU dropped 15% off it's high (which was May), the entire markets churned lower all the way through the end of June...
that last video post isnt anything to watch.
CV, I just did a monthly overlay chart..the correlation is quite clear.
the real foreshadower may be the $ssec, tho..
i don't know.. the fxa is another tight correlation that hasn't budged much to the downside.
$SPX is always late to the party it seems...
tbt selling off.. the dip to buy could be about 39.16 : )
anyone watching FAZ? just hit HOD..
i think V has something to do with FAZ.. LOL.
Looks to us like HYG is up, so that means panties down.
AA triple top last 8 days?... just saying.
HYG has a lower high and higher low on the daily candle for the week.. repeating an earlier comment, apparently dead cats do bounce.
copper down, crude down, gold down, $bkx down, and, most important of all, BIDU down.. laughing.
T another triple top on the daily chart...
HYG has a lower high and higher low
So, congestion, triangle, low volume trade... no?
Karen
JBTFD :-)
Oh, forgot to add this about AA
Alcoa (AA, Fortune 500) shares were up 3.1% following bullish commentary Wednesday night from Jim Cramer on his CNBC show "Mad Money."
Friday is Quadruple Witching? hmmm
While I've been out swiping my visa card, something bad happened to V.
VISA 68.5199 -8.4201 -11.62
peer-to-peer payment system are coming on..
total usage, of CCs, are down..
AAIP
odd, both uup and uso near or at lows of day..
$V and $MA hit hard on 12 cent cap on debit swipes. http://www.fundmymutualfund.com/2010/12/federal-reserve-proposes-12-cent-cap-on.html
Jennifer
http://noir.bloomberg.com/apps/news?pid=20601087&sid=avPXj4_DGJS4&pos=1
Dec. 16 (Bloomberg) -- Visa Inc. and MasterCard Inc. plunged more than 12 percent in New York trading after the Federal Reserve Board proposed rules that may slash debit-card interchange fees by 90 percent.
The new rules, posted today by the Fed on its website, may aid retailers and cut profit for lenders who reaped about $15 billion from such charges last year. Terms outlined by the Fed include a plan with caps of 12 cents per transaction. The fees currently average about 1 percent.
gotta run.. wasted enuf of this day! Jenn, you didn't miss a thing!
That was tedious in the extreme.
http://www.bloomberg.com/news/2010-12-15/washington-s-gregoire-proposes-devastating-cuts-in-two-year-budget-plan.html
Washington's Gregoire Plans An Additional $400 Million in Spending Cuts
Now this is a Woman! She slept on this overnight, and found another 400 million to cut! (I posted that story early this am)
Lefty, if you haven't found a woman yet, this could be the one...!
You could give her that no limit AMEX card, and not worry you'd be destitute when you came home for supper!
BinT – I have not and would not vote for Christine, but a couple three years ago, we went to Olympia and decided to stop by the state capital. While there wondering around we entered a board room that had name plates on the table and one of the names was Christines’
There was a door off to the side so I figured what the heck let’s see where this goes. It was to her bathroom. There was no one else around and I had to go, so what that heck, I went. (I can’t remember if I flushed or not)
She may not have gotten my vote, but she did get my waste by product.
Mangy Mutt
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