A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: They're ignoring all government economic releases. Maybe they realized they're manipulated (in some form).
SPXBearish harami day (wanna bet on confirmation? I wouldn't). Midpoint above EMA(10). Still above all SMA's. No daily 3LB changes (reversal is 1258.84). QE2infinity.
DXYBullish long day. Midpoint above EMA(10). Closed above the 38.2% retrace (80.63). Back above SMA(144). No daily 3LB changes (reversal is 80.83).
VIXBullish piercing day. Midpoint below EMA(10). Back above SMA(21). No daily 3LB changes (reversal is 15.45). Concluded that there might be no escaping the "no fear" zone. Currently has a monthly 3LB reversal.
GOLDSpinning top day. Still below SMA(55). Midpoint below EMA(10). 0.0% retrace holding. Well below 14.6% retrace (1392.69) and again tested the 23.6% retrace (1368.14). New low on daily 3LB (reversal is 1421.40). Must have the precious.
EURJPYBearish long day. Below all SMA's. Midpoint below EMA(10). Tested and failed its 14.6% retrace (1.0913). No daily 3LB changes (reversal is 1.0778). Currently confirming its weekly 3LB reversal down.
JNKTakuri day. Midpoint above EMA(10). Failing the Gann 4x1. Back above SMA(21) & SMA(89). No daily 3LB changes (reversal is 40.47). Working on closing that huge gap BUT may have run out of steam.
10YR YIELDBearish harami day. The 0.0% fibo retrace at 35.66 has held. Above all SMA's. Still above its 14.6% retrace (33.86). Midpoint above EMA(10). No daily 3LB changes (reversal is 32.36). Trying to hold upper trendline.
CRBBearish long day (confirmed bullish thrusting). Midpoint below EMA(10). Above all SMA's. No test of 0.0% retrace. New low on daily 3LB (reversal is 333.02). Back below trendline of current move.
IQIBearish long day. Midpoint above EMA(10). Still above SMA(21). Back below its 23.6% retrace (11.91). No daily 3LB changes (reversal is 11.52). That EOY push is starting to fade.
XLFBearish thrusting day. Midpoint above EMA(10). Still above all SMA's. Made a new 0.0% retrace. No daily 3LB changes (reversal is 16.01).
GSDark cloud cover day. Above all SMA's. Midpoint above EMA(10). Still above the 61.8% retrace. No daily 3LB changes (reversal is 157.78).
49 comments:
Bad news... I was turned down for chief of staff.
(AP:NEW YORK) Words like "unity" and "shared sacrifice" are in. Dire predictions are leavened with a sense of optimism. And residents are called on to live up to the legacy of their states' heroes _ like Connecticut's Eli Whitney, inventor of the cotton gin; the astronauts who blasted into space from Florida; and the pioneers who settled California.
Confronting high unemployment and record deficits, governors are using their inaugural speeches to pledge fiscal austerity, job creation and a broad effort to rebuild public trust in state government.
Thirty-seven governors _ 23 Republicans, 13 Democrats and one independent _ were elected or re-elected in November. Most are being sworn in in January and are using the high-profile platform of the inaugural address to describe the perilous fiscal environment they face.
"To those who sincerely believe the state budget can be balanced with no tax increase, I say: If you can do so without destroying our schools, hospitals, and public safety, please send me your bill and I will sign it immediately," Minnesota Gov. Mark Dayton, a Democrat, said Monday.
Together, state budget shortfalls are expected to total nearly $140 billion in fiscal year 2012, according to the Center on Budget and Policy Priorities, a Washington think tank. And while the national unemployment rate is 9.8 percent, many states are faring even worse _ Nevada's rate is 14.3 percent, Michigan and California are at 12.4 percent, and Rhode Island is stuck at 11.6 percent.
Such dire circumstances will force hard choices on governors, nearly all of whom are required to balance state budgets.
In his inaugural speech, Jerry Brown, a Democrat, referred to Californians' intrepid spirit as he outlined the monumental task ahead: closing a budget deficit estimated at $28 billion over 18 months.
"From the native peoples who survived the total transformation of their way of life, to the most recent arrival, stories of courage abound. And it's not over," Brown said.
In Florida, Republican Rick Scott struck a heroic note as well, saying: "We have always been the destination of dreamers, the place where someone with a big new idea could give it a try. Railroads in the wilderness, a magic kingdom, a trip to the moon, freedom from a foreign tyrant, better health, life without winter."
...
http://news.ino.com/headlines/?newsid=68975742849710
@wunsa (6:30)
Don't take it personally...
You have to be a Chicago mobster to "make it" in this Administration...
If your last name was "Capone", you'd have been good as gold...
But you'd probably have had to Islamify Capone to something more appealing...
Maybe all you'd have needed was a "hyphen"...
"Al-Capone" sounds pretty Islamic when you look at it closely...
"Hussein Al-Capone" and you're probably as close to the 2nd coming of Mohammed as you can get...
You might have a point, CV. I'm facing Rahm Iman-U-El in Chicago and I'm behind in the polls.
Loonie still above parity. Canada will be buying dollars and selling loonies very soon.
@AAIP (other thread)
"what type of Freezers do you go with?/ what's your take on 'Frost-Free' Freezers?"
---
If you're looking for a 'technical' answer on that, then consider me a dunce...
ALL... (and I mean ALL), of my experiences of various processes have been done by trial and error... I will be happy to share with you some of my 'findings', and what I consider to be relevant criteria...
---
- "FROST FREE", in my discovery, has less to do with the mechanical unit itself, and more to do with the packaging (and even the packaging 'process')... I don't even know the scientific reasoning behind why frost occurs, but my GUESS is... by pure observation... it is simply the humidity of the oxygen that is trapped in the packaging sequence (which is H2O, which becomes ice crystals)... So - the TIGHTER of an oxygen-free seal you get before storage - the LONGER the freezer life for products... It's immeasurably easier when actually FREEZING dry goods (like flour, beans, dry pasta, rice, powdered milk, etc.)... Meats are sometimes "hit or "miss", but the good thing there is that usually the FROST will show up quickly (giving you the opportunity to re-package)... Fruits and vegetables aren't really a problem because the frost doesn't do large scale damage, and/or these are the most frequently "replenished" things... I swear - More than half of my PRODUCE gets composted back into keeping the soil full of nutrients... I have WAY MORE than I could ever eat... I just grow it to produce heirloom seeds, and to keep composting... In a pinch, if I ever had to feed 12 more 'bodies' (to put up a barn), it wouldn't be a problem... Those 'roving bands of maurauders' that all the sissies worry about, I have little fear of... Why? Because I know how to DO THINGS from a fundamental level... That's KNOWLEDGE... If you're PIRATE, and you come across a fishing boat on the open sea (and you're starving and don't know how to fish, or where they are), are you going to KILL the skipper of the fishing boat? Or 'team up' with him?... Get my point? If they're THAT stupid and want to kill me... Then that's fine too... We all have to die eventually, right?
PART 2
@AAIP (other thread)
"what type of Freezers do you go with?/ what's your take on 'Frost-Free' Freezers?"
---
If you're looking for a 'technical' answer on that, then consider me a dunce...
ALL... (and I mean ALL), of my experiences of various processes have been done by trial and error... I will be happy to share with you some of my 'findings', and what I consider to be relevant criteria...
---
- "FROST FREE", in my discovery, has less to do with the mechanical unit itself, and more to do with the packaging (and even the packaging 'process')... I don't even know the scientific reasoning behind why frost occurs, but my GUESS is... by pure observation... it is simply the humidity of the oxygen that is trapped in the packaging sequence (which is H2O, which becomes ice crystals)... So - the TIGHTER of an oxygen-free seal you get before storage - the LONGER the freezer life for products... It's immeasurably easier when actually FREEZING dry goods (like flour, beans, dry pasta, rice, powdered milk, etc.)... Meats are sometimes "hit or "miss", but the good thing there is that usually the FROST will show up quickly (giving you the opportunity to re-package)... Fruits and vegetables aren't really a problem because the frost doesn't do large scale damage, and/or these are the most frequently "replenished" things... I swear - More than half of my PRODUCE gets composted back into keeping the soil full of nutrients... I have WAY MORE than I could ever eat... I just grow it to produce heirloom seeds, and to keep composting... In a pinch, if I ever had to feed 12 more 'bodies' (to put up a barn), it wouldn't be a problem... Those 'roving bands of maurauders' that all the sissies worry about, I have little fear of... Why? Because I know how to DO THINGS from a fundamental level... That's KNOWLEDGE... If you're PIRATE, and you come across a fishing boat on the open sea (and you're starving and don't know how to fish, or where they are), are you going to KILL the skipper of the fishing boat? Or 'team up' with him?... Get my point? If they're THAT stupid and want to kill me... Then that's fine too... We all have to die eventually, right?
PART 3
But THAT's not what's important...
"SURVIVAL" means one thing and one thing only... That is... BUY SOME TIME...
I'll give you an easy and stupid example... I think "cheese" is essential... I love cheese, I know how to make it (a few different types even)... But that's something that can't be stored indefinitely... Parmesian is about the MOST DURABLE type (but that's not the point)...
My mind ALWAYS thinks of... "What if we ever ran out of this or that")...
PART 4
The only REAL essential things you'd need to make a basic cheese would be:
- cheesecloth (which can be procured easily and is available in abundance, FOR NOW)...
- rennet tablets (unless you want to go cut the guts out of some bovine animals)
- a cheese press
- fresh milk
The first 3 can be obtained and stored for a hundred years if you want... The last - in the case of Armageddon will still be readily available as long as you're close to a farm... Jeez - in the case of mass paranoia, the cows would probably be wandering around not knowing what to do because they need to be milked on a daily basis...
Anyway - the point is... Know what to stockpile... Know "HOW" to stockpile it... & you're good as gold...
I gotta say that I was REALLY INSULTED by "MM's" comment (in the other thread)... It assumed that I didn't know anything, and placed calculations on that outcome...
Actually, the mathematics of the CALCULATIONS were fairly accurate... But the impressions in the practical knowledge of CV were wildly incorrect...
I guess that's what happens when 'half' your pen pals are nimwits whose idea of survival is whether or not the air conditioner is within a sliver of a 72 degree 40% humidity range in Cairo, and if there were protein enhanced "Twin-dogs" on the menu at a diner in Colorado Springs...
Wait... this was PART 2... You all are just going to have to 'figure it out' (consider it LESSON 1 in Survival training)...
- So... FROST FREE depends more on packaging... Those FOOD SAVER devices are the best things I've come across... As stated in the previous thread... I'm eating thawed frozen meats & dry goods right now (from 2007-2008)... I SWEAR... I can't eat it fast enough... All my food is labeled (as to 'when' it went into storage)... I keep a fungible 3-5 year timeframe on LONG DURABLE goods... So, stored properly, the stuff I'm eating now was put into storage about 3 years ago and it tastes as fresh as if I'd bought it yesterday... GET THIS... I made a cup of hot chocolate the other day that I used COCOA powder that I KNOW has been in the pantry (just sitting there) since the 1970's (35 years)... The sugar was AT LEAST 5 years old... So was the dash of salt... The milk was fresh... That sucker was BETTER than if you'd gone to Starbucks and ordered something there... You just gotta know (what keeps, what doesn't, how to keep it)... Best variables there are PACKAGING, CONSTANT TEMPERATURE, DARK, LOW HUMIDITY... Food Saver isn't the "be all end all", but it's handy... I'm kind of a lover of 'glass' MASON JARS... The jars are perfect... The 'stores' you need are supplies of lids & sealers (which are cheap and can be obtained IN BULK at any Wal Mart)... Foodsaver has devices that you can suck the extra air out of mason jars... It's totally cool... I've been fooling around with various ways to FREEZE my tomato crops in jars (gotta remember that H20 expands when frozen - learned that the hard way)... My BEST method, thus far, has been to freeze my Roma Tomato crop, after blanching, on cookie sheets... then, place the frozen tomatoes into the glass jars, fill seal, then freeze again... That METHOD may be eventually supplanted... Anyway - that's only a FREEZER experiment... I've already perfected the normal method of canning (but that 'limits' the shelf life to about 9 months)... Freezing I've found almost ZERO limits to thus far...
- Next step is a matter or POWER... Electrical Power... So, of high value is, at minimum, and Energy Star version of a freezer... But in addition, WHERE the freezer is located... The cooler (as in UNDERGROUND) the better... It cracks me up all these 'Florida' residents who have WINE facilities... First of all, there are hardly 'basements' in Florida (for obvious reasons)... But also - if there's no basement, then there's no natural barrier to heat and humidity... So the 'cost' to operate a device to store wine isn't even worth it (unless you're some dumb rich schmuck like Barry Ritholtz)...
But it's not hard... If you know 6th grade math, you just calculate the energy pull of your device, and see whether it's worth it to you...
Next step? See of you can 'self sustain' that energy pull... I have individual solar panels to handle the calibrated outputs of independent devices... Plus the cost of redundant systems (failure of the system itself, component wipeout, UPS'es, generators, various fuel options for generators [propabe, gasoline, wood burning, all the way down to sterno])... You just fool around... Then calculate your REACTION to failure of any of those systems...
So there you have it... It really doesn't stop there either... And AGAIN... "NOTHING"... I mean N-O-T-H-I-N-G is completely fail safe...
But THAT's not what's important...
Oh... Here we go...
THE CLASSIC OF ALL TIME... (BR changes his "site look")...
Thread Post:
"Its been a while since our last site upgrade. In the intervening months, a number of good suggestions were made by readers, colleagues and random strangers stopping me on the streets of Manhattan.
Some of these ideas were great . . . some were impossible . . . but all revealed a degree of involvement that is, well, wonderful.
And so, in response you will notice a few tweaks:
• Masthead is narrower, with less wasted space — the single most requested design change.
• The Main Post page layout was “tightened up”
• Navigation was improved — Tabs are wider, submenus (about, contact, etc.) are cleaner and easier to read.
• The sarcastic suggestion I made last week generated lots of mail — so I moved that to the default message whenever anyone goes to comment. It doesn’t apply to most of you (but 2% of commenters should pay heed!).
• Twitter, RSS and Mail icons are coming top right
• I am cutting out most of the social network icons after each post, leaving just Digg, Twitter and Facebook.
• Bailout Nation is embedded into the sidebar;
You may have to refresh your cache to see the full changes; I see it in Safari but not in Firefox! If you see Book Shelf where Book Club was, you are seeing the new site.
Another thing: I have been adding more curated content to the Think Tank — not just the usual circle of authors, but additional people who you may not be familiar with. Bruce Bartlett, Bob Lefsetz, Macroman, and Washington’s Blog, amongst others. Marion Maneker will also be more active in helping to curate this, and contribute his own perspectives. Some folks have positions that I do not agree with — but I think they are very smart independent thinkers whose analyses provoke debate and a fresh perspective on current issues.
~~~
One last item: I am debating bringing on a researcher/intern. I am not sure about the position — it will probably be an unpaid gig more structured for a college student. Some colleagues swear by the process, others much less so. Anyone who can shed insight as to its merits, please let me know your thoughts!
"
So here we go...
"Stopped you on the street in Manhattan"?
Child Please! - the only person on the street who cares about you IN THE LEAST is the dude pulling up in the powder blue AMC Pacer asking you for a dollop of your Grey Poupon...
Mastheads, Main Post widths, Navigation???
Nobody gives a FF (or even notices)... You've now, officially become Barack Obama... meet the new boss, same as the old boss...
TWITter coming
Probably appropriate (emphasis on the TWIT)... So now are we going to get a 24/7 lowdown on what you do on the "head" 6 times a day... Please don't tell me that you're catching up with all the latest Justin Beiber gossip while you take a crap...
C'Mon Man...
If you want to be "informative"... Just give us your P/L statements on all the democratic labor unions you have signed up for Fusion Capital...
I'd suggest you fudge the numbers so you don't find yourself trading in your Gucci's for the "cement" version...
AR, i exchanged half my loonies the other day.. i wanted to do them all, but had been misinformed by "Tony" on the exchange desk.. as a non WFC customer, the could only give me $3k at a time.. plus i had to pay a $5 fee. Well, he and I both know now! I have good friends/customers that would have exchanged for me. I made about 20% on that.. but it's okay.. i was/am reluctant to part with my loonies.. a flight safety issue?? LOL. Truth be known.. I am stranger than CV.
CV, you type faster than i can read!!
CV, MM did not mean to insult you.. you are worse than I am! Further, you are very detail oriented.. not everyone thinks that way or has your brain capability.. so you need to cut us all some slack!!
CV:
Just read through today's post and comment. Congrats man. That was some good stuff today....
C'mon, CV. Don't be hatin'.
;-)
I moved that to the default message whenever anyone goes to comment. It doesn’t apply to most of you (but 2% of commenters should pay heed!)...
---
That admonition certainly doesn't apply to some 'regulars'/wannabees...
http://www.youtube.com/watch?v=iLkNPjbaPTk
MANNWICH! what's your sole purpose in this army!!
...to do what ever u tell me to drill sargent!
...God Dammit Mannwich! your a god dam genius... That is the most outstanding anwser I've ever heard... You must have a god dam IQ of a 160!
You're going to be a general some day Mannwich!
I'll be heading north tomorrow to join other "elitists" at Texas Stadium to watch the Cotton Bowl. The tickets were $700 to sit in 40 yrd line suites with other monied "elitists" down here in Texas. Should be great....
We'll be eating caviar and talking about our trips to Tiffanys....
Errrr.....or....we'll just be hanging out with some hardcore redneck LSU fans who happened to "make it big" on the back of their smarts and hardwork.
I guess the interpretation of the crowd depends on your particular point of view....
Ha.
Personally, I would NEVER spend that kind of dough for some tickets, but we have some good customers hanging out in those suites....so it goes....
Should be fun.
CV, your last post put PBRs in my mind.. in other words, AHAB.. what happened to him.. did i miss something!? CV, give me your worst insult and I bet I come back here, laughing.. I really miss DL, too.. I should email him but I think my implores would fall on deaf ears.. I happen to have a very forgiving nature.. to a fault..
Andy, I want a real pic of you!! Your voice is quite seductive, LOL.. but you are into football and RVs.. so i need some help.
@karen (9:17)
For the record...
I 'definitely' don't think MM was trying to insult me...
I like MM a lot... Even through cyberspace, he comes off as a caring person who I'm 100% confident has a heart of 100% pure gold...
In order to do what I do (and have it BLEED)... I have to exaggerate, caricuature-ize, and dramatize certain things...
If it BLEEDS - it LEADS...
So many times I say things with an extra dollop of SALT and/or PUNGENT SPICE...
In order to get THE WORD across, one often has to cut down to the point where "nerves" are laid bare... I'm confident (because I KNOW WHO I AM), that I can 'reel back' the process, and that most will understand...
Some don't though...
Take DL...
I offered a 100% re-cantment (& apology) for a criticism I laid on him months back...
He NEVER came back, or was willing to accept that... At this point... It's NOT MY PROBLEM anymore... I'm at peace with my maker... :-)
"frost free" freezers are not necessary, and use energy in a not very good way. All the "frost free" means is that the freezer itself won't turn into a block of ice. They manage this by heating, with electricity, the inside walls of the freezer to just above freezing. This would work against you if you were on a limited energy budget.
Chest freezers are the best, most efficient. It's also why grocery stores have those huge low bin style freezers, no top needed, cold air sinks.
In the newer stand up (door) style freezers every time someone opens the door all of the cold air runs out the bottom of the door, causing more energy usage to get the temp back down.
Freezing takes a lot of energy to do, but once something is frozen it is very easy (energy wise) to keep it frozen. I have heard that a full chest freezer uses less than a light bulb in electricity.
Thermal mass also works in your favor, the more mass that you have frozen, the easier it is to keep it frozen. Adding sealed containers full of water to a non-full freezer will up the energy cost to begin with, but will add more mass and make it easier on the compressor to keep it cool in the longer run.
Buy the energy when it's cheap.
@karen
WOW... We both brought up DL in completely independent thought processes...
That's funny...
Ahab, I know is lurking around somewhere... Just taking a break I imagine...
@karen
This...
"i was/am reluctant to part with my loonies"...
That DEFINITELY makes you stranger than CV...
also, "kill-a-watt" meters are fun for the whole family-
http://www.amazon.com/P3-International-P4400-Electricity-Monitor/dp/B00009MDBU
The design is not very good. Buy 2 short, highly rated "air conditioner" extension cords. The kill a watt unit blocks other outlets when plugged into the wall. Using the extension cords allows you to move it away from the wall, and makes it easier to read.
Actually, MM is a bad guy that was mean to dogs! If his texts can be taken at half truth.. but I caught the drift of your text. That said, I think he recanted his younger years.. men are VERY strange animals.. My own father, and my husband's father hated and killed (probably tortured) cats when they were young. Later, they came to love and adore them, along side dogs.. I really only have vehement for silverfish, mosquitos, and cockroaches. If i lived in Mex, I'd add scorpions and spiders to the list.
CV, our thot processes are hardly independent or i would not be here.
@Andy (9:23)
LOL...
LET BE KNOWN (says Ramuses II)... That this year's "COTTON BOWL" will be held in "COWBOYS STADUIM"
...
and that the "TICKET CITY BOWL" was held in "THE COTTON BOWL"
http://www.youtube.com/watch?v=CsyYvFgdb5c&feature=related
"Now I don't know much about anything"... but
"Dallas... He was from Phoenix... Cleveland... He was from Detroit... & TEX??? Well I don't remember where he was from..."
ROR
Just did my 5-10 minutes over at DSS's place to see what the enlightened progressive liberals have to say.
I think someone needs to put Mannwich on suicide watch. I think that guy must be having a bad year or something...
He's almost becoming a caricature of the most left-wing/hateful person you can possibly imagine.
I guess on the inter-tubes we can all come across as caricatures. But, I'm pretty sure that guy has "lost it" up top....
@karen (9:43)
I kno you're just kidding when you say MM was a bad guy because he was mean to dogs...
I sincerely doubt he is... (& for the record - if it is not ABUNDANTLY clear - ANY mistreating of animals is 'bad news' to yours truly - ESPECIALLY dogs & horses (which CV is quite fond of)... Cats too - but it's weird... Cats seem to like & trust me more than I end up giving in return... Don't ask me how or why, but cats LOVE me... I love dogs & horses, but I have to work on getting them to trust me...
That's just the way it is...
Anyway... I think MM (on that day) was just trying to defend his 'friends'... I'd presented a 'vexing' moral dilemma on that occasion...
In a convoluted way... I appreciated the effort... (defending friends)... It takes a REAL MAN to VOLUNTEER TO STAND GROUND for others...
That's why I 'respect' MM... (he's a MARINE - at heart)... Even if the people who he's defending are sissies...
http://www.youtube.com/watch?v=hFI6KgYyf2E
@Andy
I'm actually quite interested in that game (& I'm jealous you're going - especiall in that stadium)...
I'm not taking sides $$ wise (but I'm secretly pulling for the Aggies)...
Technically - my call on the game is to take the UNDER...
@Andy (9:53)
Naw... I don't think Mannwich has "lost it" at all...
Poor fellow only finds himself UNDER A SPELL...
Kind of like King Theoden...
http://www.youtube.com/watch?v=hFI6KgYyf2E
I'll be in this suite with probably the biggest LSU fan you can ever imagine. Lots of other LSU guys there as well. So, of course I'll be rooting for A&M as well. Can't stand LSU fans or all the arrogant SEC guys, in general.
I think it's going to be a good one. Kudos to the Cotton Bowl people for getting this thing in a nice stadium....Texas Stadium is the Taj Mahal of sporting event. It's sick.
@may-tag man (9:31)
Sorry I missed that in my distraction...
THANK YOU VERY MUCH for that post... Very informative...
"Chest freezers are the best, most efficient. It's also why grocery stores have those huge low bin style freezers, no top needed, cold air sinks..."
My 3 freezers ARE, actually chest freezers (energy star)... They work terrific... But I have to joke to my friends who come by that I'm noy storing human heads in them :-)
@Andy
Texas Stadium IS sick... It's probably the 9th wonder of the world...
I'm going to have to make a pilgrimmage someday...
Hopefully SOON... if the Ravens make it to the SuperBowl this year... You just never know... :-)
@maytag man (9:31)
Another good point... THERMAL MASS... I've used that to my advantage several times already...
Thermal mass is almost better than UPS (uninterruptable power supply)...
The LONGEST I've ever been without power in the past 4 years is about 18 hours...
Even after that period, EVERYTHING in those 'fridges' was still hard frozen... I bet it would have held a decent freeze for a week...
I don't even need to provide a link for this... Just the HEADLINE...
Let the statement "sink in"... It shouldn't take long to penetrate...
Geithner Urges Debt Limit Increase, Warns of Consequences of a Default
I thank my lucky stars every night that I go to bed that (somebody - not me) was SMART enough to vote for Obama who made Geithner his VERY FIRST Cabinet appointee...
"The economic DREAM TEAM" (as I recall)...
CV
I'm over here laughing. They didn't waste any time pulling out the "Armageddon" scenario. I'm hoping the new members of Congress stick to their guns.
@Amen
M.A.D. (like QE)... Vegas has the "over/under" that we'll have to get to M.A.D. VI before peeps finally understand they're being taken for a ride...
By that time, the M.A.D. prophets will have squirreled away all the gold, land, oil, & water rights (which they're doing RIGHT NOW as J6P is looking at the bright flashy SPX lights)...
I'm hoping the new members of Congress stick to their guns...
ROR - Fat chance!
The $100 billion budget reduction is already toast (akin to saying: "No - I can't afford to snip 1/4 piece off my after dinner mint chocolate")...
BIG NEWS TODAY?... "Hoot Smalley" (Bachmann) gets appointed to the INTELLIGENCE committee...
Happy days are here again! (rolls eyes)
I think the ADP release has given the futures market jitters. Almost everything I look at is flat. It's as if one false move and hello 10% drop.
AR, wishful thinking..
@Amen (11:29)
Jeez I "hope"... (10% drop)
But that's the best I can come up with... I know you were only tossing 10% out as a "wish" anyway (not a technicality)...
Got my mind settled on 1220, and 1190-ish, first... Gladly take more...
Kind of thinking we'd need to see a 4+ handle on 10yy before any serious move out of equities would take place...
I'd be happy to be proved wrong though...
Oh... & by the way...
My MIAMI (OH) call from yesterday came thru...
Cv had hit 4 in a row now bitchez! :-)
I do think we'll hit 4% on the 10yr. That may be the siren song.
addendum
That would also piss of BB more than anything else. Proof that QE2 was an absolute failure.
AR, if $TNX gets over 36.30.. hang on to your hat! 4 wont stop it.. no way jose.
Karen
Mass dumping of stocks to buy USTs? Better to get 4% than 0%.
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