Thursday, February 3, 2011

Morning Corner 2.3.11

Shanghai Composite (weekly info)
-no change
trend=down
low= 2715.29
rev= 2842.43; mid= 2778.86



Starting to turn bullish as it has closed above the weekly 3LB mid so far this week. Not sure why since their government economic reports are as manipulated as ours. We may have built more homes than needed but they have built cities that aren't occupied.


Year of the Rabbit

Egypt Compilation of the day (re-shuffle your i-POD's)


at

310 comments:

  1. AnonymousFebruary 3, 2011 at 7:16 AM

    Paperback on the comeback Trail?

    http://quotes.ino.com/chart/index.html?s=NYBOT_DX&t=&a=&w=&v=d6

    77.286 +0.128 (+0.16%)

    ibid.

    ReplyDelete
  2. Bruce in TennesseeFebruary 3, 2011 at 7:28 AM

    http://www.taxfoundation.org/taxdata/show/336.html

    ...click the pdf over to 2008 to see where you are in the tax mess...it is easy. starts at 1977.

    http://www.bloomberg.com/news/2011-02-03/christie-raids-illinois-for-jobs-as-deere-digs-to-pay-quinn-s-tax-increase.html

    Christie Covets Illinois Jobs as Deere Digs to Pay Tax Increase

    ReplyDelete
  3. karenFebruary 3, 2011 at 8:32 AM

    morning!! AR, interesting contrast with $SSEC which is not looking bullish to me but topping.. needs a confirmation candle today.. also.. isn't it at resistance.. 2806-7 area?? so will see how this chapter ends : )

    ReplyDelete
  4. karenFebruary 3, 2011 at 8:38 AM

    well, this makes sense as I stopped shopping there: SKS same store sales up 4.4 percent versus consensus of up 5 percent

    ReplyDelete
  5. Bruce in TennesseeFebruary 3, 2011 at 9:01 AM

    hmmmm...after the employment numbers futures became a little more negative.....

    ReplyDelete
  6. AmenRaFebruary 3, 2011 at 9:11 AM

    Bruce

    That might have more to do with EURUSD being down 1.00%

    ReplyDelete
  7. AnonymousFebruary 3, 2011 at 9:21 AM

    EURUSD hit the 1.38 barrier, slightly above, turned around.
    Top is in for that one.

    ReplyDelete
  8. karenFebruary 3, 2011 at 9:28 AM

    yields up! today is not gonna be like yesterday..

    ReplyDelete
  9. karenFebruary 3, 2011 at 9:42 AM

    aapl, goog, and GS all red.. just sayn'

    tbt needs to turn yesterday or it will soar as everyone jumps on that trade.

    ReplyDelete
  10. A fixed income analyst to be named laterFebruary 3, 2011 at 9:42 AM

    Keep an eye on 2.15-2.20% on the 5y. That is a very strong area of chart resistance. We don't follow the 10y a great deal, we expect 10s to rise, but for 10s30s gap to close. 30y will be constrained. Mortgages...

    ReplyDelete
  11. CVFebruary 3, 2011 at 9:43 AM

    No inflation here...

    http://www.zerohedge.com/sites/default/files/images/user5/imageroot/FAO%20January.jpg

    ReplyDelete
  12. ben22February 3, 2011 at 9:44 AM

    got this song stuck in my head, the lyrics seem to "fit"

    http://www.youtube.com/watch?v=Fd9ohpDDCRU

    Don't it feels right like this
    All the pieces fall to his wish
    “Suck up for that quick reward, boy
    Suck up for that quick reward,” they say

    Then it comes to be that the soothing light at the end of your tunnel
    Was just a freight train coming your way
    Then it comes to be that the soothing light at the end of your tunnel
    Was just a freight train coming your way
    It's coming your way
    It's coming your wayaaay oh yeah!
    Here it comes


    Play this one real loud.

    ReplyDelete
  13. AnonymousFebruary 3, 2011 at 9:54 AM

    Forex & Bonds Last Change Change %
    EUR/USD 1.3655 -0.0149 -1.08%
    USD/JPY 81.82 +0.28 +0.34%
    GBP/USD 1.6173 -0.0011 -0.07%
    5-Year Treasury 2.161 +0.062 +2.95%
    10-Year Treasury 3.531 +0.042 +1.20%
    30-Year Treasury 4.654 +0.014 +0.30%
    http://finviz.com/

    Fixxy,

    I always thought that 'Mortgages' were priced off the UST 10-yr Note, no?

    AAIP

    ReplyDelete
  14. CVFebruary 3, 2011 at 9:57 AM

    I'm not a "read the instruction manual" type of guy, but that last chart (9:43), to me, looks like the following:

    1. If one were to make the SUMMATION that the GRAND SUPERCYCLE was over in the year 2000... Then that's where the FINANCIAL ASSET BUBBLE ended...

    2. Since that time, through tinkering with interest rates inflated a HOUSING BUBBLE for a time...

    3. When that burst, changing of accounting rules, and MOUNTAINS more debt heaped on the EXISTING DEBT (which is viewed as "money" to the issuers) was funneled in in an effort to maintain liquidity (which I will call THE MONTHLTY NUT)...

    4. That "money" (which we know is not MONEY, it is DEBT, found, and is finding its way into food & commodity prices).

    5. It never gets reported because food & energy aren't part of the CPI index.

    So... as result of what should be DEFLATION (unpayable debt)... We get INFLATION by the magic of accounting and parlor tricks (that nobody actually performs and that have nothing to do with market movements)...

    Pretty nifty huh?

    Or... Maybe I'm just TOTALLY WRONG about this... Maybe I actually should read the instruction manual because I'm sure that my eyes are deceiving me when I see a small bag of spinach at the supermarket that costs $4, or a box of Cheerios that costs $5...

    I never was too smart...

    ---

    Now... If someone would like to follower further on my CONTRIVED logic...

    Let's say we announce the end of QE tomorrow, and revert back to the old FASB way of accounting...

    If asset & commodity prices were to collapse (I say "if" only because HOW THE HELL DO I KNOW WHAT WOULD ACTUALLY HAPPEN), let's say it would be LIKELY that we would dive in to the DEFLATIONARY spiral that we kinda oughta shoulda be in right now...

    Which leaves me to ponder exactly what in the world is the "anti-gravity" that's holding everything up in suspended animation...

    Any guesses?

    ReplyDelete
  15. Helicopter BenFebruary 3, 2011 at 10:00 AM

    Which leaves me to ponder exactly what in the world is the "anti-gravity" that's holding everything up in suspended animation...

    It's all about me. I am the POWER.

    ReplyDelete
  16. karenFebruary 3, 2011 at 10:02 AM

    Fantastic, Ben! Love it! Send that to "AT" his group will blast it properly : )

    ReplyDelete
  17. karenFebruary 3, 2011 at 10:04 AM

    Big Short author Michael Lewis, our guest on Tech Ticker, describes how we wound up owning toxic assets http://yhoo.it/ggwvi8

    ReplyDelete
  18. AnonymousFebruary 3, 2011 at 10:11 AM

    cv--

    that's the thing with the 'Deflation'-theories..no doubt, in a 'hard money'-schema, We would have seen /Deflation/Liquidation/Default, a la '29-'33 ...

    but, esp. post '71, it's crypto Petro$/all Paperback, all the Time (even the quality of our faux Coins has gone to S***)

    LSS: these 'Prices' can be, to a very great extent, painted any which way that is desired..including Up..

    AAIP

    ReplyDelete
  19. Bruce in TennesseeFebruary 3, 2011 at 10:12 AM

    That income analyst who has been fixed could probably put more meat on the bone, but if rates keep rising, I would bet the farm that peeps will leave equities...

    ("Fixed" in the south implies, er, an inability to pass on one's DNA...)

    ReplyDelete
  20. JenniferFebruary 3, 2011 at 10:14 AM

    Giles seems to have dug himself out from Westport or wherever and made his way back to the city.

    ReplyDelete
  21. Bruce in TennesseeFebruary 3, 2011 at 10:15 AM

    I wouldn't be announcing that I'd been fixed were I an income analyst....but that is just me...

    ReplyDelete
  22. karenFebruary 3, 2011 at 10:18 AM

    Nothing wrong with being fixed, Bruce!

    Chet.. that chart was great.. we are right back to 2008 before the floor dropped out.

    ReplyDelete
  23. JenniferFebruary 3, 2011 at 10:23 AM

    My cat is fixed :-)

    ReplyDelete
  24. the bohemianFebruary 3, 2011 at 10:23 AM

    It never gets reported because food & energy aren't part of the CPI index.

    the CPI includes food and energy- the "core rate" strips it out-

    the Fed- for its purposes- uses the PCE deflator to allow for substitutions- you know- switch to soup bones when meat gets too expensive

    ReplyDelete
  25. the bohemianFebruary 3, 2011 at 10:27 AM

    my SDS not looking too shabby today:-)!

    Ra/Jennifer- so . . .how's the winter wonderland?

    ReplyDelete
  26. JenniferFebruary 3, 2011 at 10:31 AM

    Re: the snow -- I've never seen anything like it. We got about 2 feet, on top of the 6 inches we already had. But we had 70 mph winds with thunder and lightening so there are all sorts of huge snow drifts. The snow "wall" at the side of the driveway is about 4 feet tall -- it is higher than my little boy's head. We all had fun making a big fort in the middle of the cul-de-sac with the other kids on the street yesterday. Today though, it is too cold to play outside -- I think it is about 5 degrees which is pretty awful.

    ReplyDelete
  27. AmenRaFebruary 3, 2011 at 10:31 AM

    the bohemian

    Main streets are ok. Side streets and alleys are horrible. Not sure if Streets & Sanitation plows alleys. The drifts in the alleys cover up half of the garage door.

    ReplyDelete
  28. the bohemianFebruary 3, 2011 at 10:36 AM

    maybe F will break $15 in the next day or two-

    snow- cool to look at- but what a pain in the ass-

    finally got my recycles out- 2 weeks worth- that were sitting in my garage because the garbage dudes couldn't make it in

    ReplyDelete
  29. Bruce in TennesseeFebruary 3, 2011 at 10:44 AM

    Jennifer,

    Actually, now that we know Leftback is fixed, I won't worry so much about you and Karen. Obviously, now, he's more bark than bite...

    ReplyDelete
  30. A fixed income analyst to be named laterFebruary 3, 2011 at 10:46 AM

    B in T said " if rates keep rising, I would bet the farm that peeps will leave equities..."

    Yes, I think we are getting very close to those levels. The 4.65% 30y was snapped up this morning. We expect the 2.20% 5y to be bought when we get there. This looks like another good day to roll out of some HY and into a bite of Treasuries.

    ReplyDelete
  31. AnonymousFebruary 3, 2011 at 10:47 AM

    Bruce,

    as an aside, re: yesterday's Comment mentioning Wife's comment to you..

    you know, you should let her know, too~

    AAIP

    ReplyDelete
  32. A fixed income analyst to be named laterFebruary 3, 2011 at 10:47 AM

    B in T:

    We are actually fully functional and a full service shop.

    ReplyDelete
  33. AnonymousFebruary 3, 2011 at 10:48 AM

    to be Clear, ref. your reaction to her comment..

    ibid.

    ReplyDelete
  34. ben22February 3, 2011 at 10:52 AM

    AFIA,

    Did you see Joe L at DB's calls yesterday?

    Rate hikes start in June, quarter point at a time.

    hehe.

    ReplyDelete
  35. Bruce in TennesseeFebruary 3, 2011 at 10:53 AM

    Yep, actually guys, life is great. She is treated better than Leftback would treat Karen or Jennifer.....both she and I know how fortunate we are...

    ReplyDelete
  36. the bohemianFebruary 3, 2011 at 10:54 AM

    I wonder if they're stacking up gold for Mubarak to abscond with when he catches the last plane out of Cairo

    ReplyDelete
  37. JenniferFebruary 3, 2011 at 10:55 AM

    The suction machine is malfunctioning.

    ReplyDelete
  38. I-ManFebruary 3, 2011 at 10:56 AM

    How yall like that trap?

    Pretty sick, huh?

    Yall should have seen how many bids "they" had stacked up ahead of ISM, to get all the little guys bid up long ahead of the number...

    And then, SORRY!

    Its a dirty game...

    Ashamed to say I've made bank off the long side twice since the swoon... but how can you short?

    ReplyDelete
  39. the bohemianFebruary 3, 2011 at 10:56 AM

    now this is disturbing:

    "Oysters disappearing worldwide: study"

    nothing better than oysters- and a cold beer

    ReplyDelete
  40. I-ManFebruary 3, 2011 at 10:58 AM

    Bear trap, Bear trap, Bear trap... rinse, wash, repeat.

    ReplyDelete
  41. I-ManFebruary 3, 2011 at 10:59 AM

    The Russell was insane... 100 ticks in a heartbeat.

    ReplyDelete
  42. ben22February 3, 2011 at 11:00 AM

    "Ashamed to say I've made bank off the long side twice since the swoon... but how can you short?"

    that's nothing to be ashamed of

    I gotta say, I'm a bit surprised the global warming crowds have not taken more advantage of the situation in Egypt. I thought you weren't supposed to let a good crisis go to waste?

    ReplyDelete
  43. karenFebruary 3, 2011 at 11:00 AM

    http://economix.blogs.nytimes.com/2011/02/03/the-ruinous-fiscal-impact-of-big-banks/

    I just read that pre-1982 pennies are worth 3 cents each..

    ReplyDelete
  44. A fixed income analyst to be named laterFebruary 3, 2011 at 11:02 AM

    Why short the US when you have this wounded beast to savage? China is a house of cards, the charts show it is lagging the herd, so why not just isolate it and tear it to shreds, along with the other EMs?

    http://www.zerohedge.com/article/niels-jensen-asks-if-plunging-chinese-power-output-indicative-dramatic-economic-slowdown

    If you think hedge funds aren't like a pack of hyenas, you obviously have never visited Greenwich.

    ReplyDelete
  45. the bohemianFebruary 3, 2011 at 11:02 AM

    karen-

    buy a smelter . . .just don't get caught

    ReplyDelete
  46. AnonymousFebruary 3, 2011 at 11:02 AM

    Bruce,

    I can promise you that we would treat Karen like a princess if we were ever lucky enough to have a date with the lady.

    ReplyDelete
  47. the bohemianFebruary 3, 2011 at 11:06 AM

    China- great place to visit- but wouldn't want to be there when it all comes tumbling down-

    I recommend taking the train from Beijing to Ulaanbaater (Mongolian Express)-

    then when you get to Ulannbatter get out as fast as you can

    ReplyDelete
  48. Bruce in TennesseeFebruary 3, 2011 at 11:07 AM

    Still, if I were Karen, I'd invest in a Taser...

    ReplyDelete
  49. I-ManFebruary 3, 2011 at 11:08 AM

    I'm ashamed because of the manner of it... I know I shouldnt give a shit, but I do.

    Feels dirty, but still a hell of a lot better than losing money.

    As my buddy just said, "Mom and Pop have left the building, this is power money."

    ReplyDelete
  50. I-ManFebruary 3, 2011 at 11:08 AM

    So watch for the mega head fakes all day.

    ReplyDelete
  51. AnonymousFebruary 3, 2011 at 11:12 AM

    A real woman is a man's best friend.

    She will Never stand him up and never let him down.

    She will reassure him when he feels insecure and comfort him after a bad day.
    She will inspire him to do things he never thought he could do; to live without fear and forget regret.

    She will enable him to express his deepest emotions and give in to his most intimate desires.

    She will make sure he always feels as though he's the most handsome man in the room and will enable him to be the most confident, sexy, seductive and invincible.....
    *

    *

    *

    *

    *

    *

    *

    *

    *

    *

    *

    *

    No wait...
    *

    *

    *

    *

    *

    *

    *

    *

    *

    *

    *

    *

    Sorry..
    *

    *

    *

    *

    *

    *

    *

    *

    I'm thinking of whiskey.
    It’s whiskey that does all that shit.
    Never mind.

    ReplyDelete
  52. ben22February 3, 2011 at 11:13 AM

    Whiskey in a can though right?

    ReplyDelete
  53. JenniferFebruary 3, 2011 at 11:14 AM

    That was fast.

    ReplyDelete
  54. I-ManFebruary 3, 2011 at 11:15 AM

    Good whiskey only comes in JARS...

    ReplyDelete
  55. A fixed income analyst to be named laterFebruary 3, 2011 at 11:15 AM

    POMO 5s to 10s today. Short end tomorrow.
    JBTFD.

    ReplyDelete
  56. karenFebruary 3, 2011 at 11:15 AM

    "The N.I.H. has done a very good job in promoting medical innovation and this is in large part because it allocates funds on a relatively meritocratic basis; Congress doesn’t control particular grants and on many important fronts the N.I.H. has autonomy. It is one reason why the United States is the world leader in medical research and development and I would expand its funding, provided it retains this autonomy. "

    http://economix.blogs.nytimes.com/2011/02/03/a-conversation-with-tyler-cowen/

    ReplyDelete
  57. Lord BlankfiendFebruary 3, 2011 at 11:15 AM

    Giles, what is happening?

    ReplyDelete
  58. I-ManFebruary 3, 2011 at 11:15 AM

    I-Man's pivot trick says to look for a YM low at approx 10:15 CST.

    ReplyDelete
  59. the bohemianFebruary 3, 2011 at 11:16 AM

    Tim Knight- too damn funny- his most recent post-

    If there's a God in heaven, he will take pity on Tim Knight and press the September 2008 button again. I'm ready for the world to spin into a vortex of doom again. I'm sick of sweetness and light. HEAR ME GOD?

    ReplyDelete
  60. I-ManFebruary 3, 2011 at 11:17 AM

    It will take another 10-15 pts lower on YM to meet the price element though, 10:15 is just the time half.

    ReplyDelete
  61. Giles StraightarrowFebruary 3, 2011 at 11:18 AM

    Sorry, Lloyd. One of the hookers dropped some blow and Gary was so excited he fell on the controls for the suction machine.

    ReplyDelete
  62. AnonymousFebruary 3, 2011 at 11:19 AM

    McB,

    that's really funny, that's exactly came to mind when I saw that..

    personally, I think that would make for a great part of an ad campaign for 'whiskey in a can'..

    ibid.

    ReplyDelete
  63. AnonymousFebruary 3, 2011 at 11:19 AM

    I'm ready for the world to spin into a vortex of doom again. I'm sick of sweetness and light. HEAR ME GOD?

    Bear capitulation is extreme.

    ReplyDelete
  64. karenFebruary 3, 2011 at 11:19 AM

    "Mr. Cowen’s brief new e-book, “The Great Stagnation,” on the causes of the American economic malaise, has received a lot of attention in recent days."

    Cowen: "Most of all, I have in mind a cultural change. Ask yourself a simple question: how many famous scientists are there? Not so many. Or try this one: how many men or women dream of marrying or dating a scientist? Not so many."

    from the above article..

    ReplyDelete
  65. I-ManFebruary 3, 2011 at 11:20 AM

    Tim Knight needs to get his head out of his ass...

    Why would you in your right mind want to return to September 2008???

    I suppose he would prefer we have soup lines, bank runs, and state sanctioned extortion of US taxpayers.

    Sounds great...

    Not trying to be too judgemental as I've never read the dude, but sounds like he is trapped in a short position to me... and I think his wish is kinda sadistic really.

    ReplyDelete
  66. I-ManFebruary 3, 2011 at 11:21 AM

    Sounds like Uncle Rico in Napoleon Dynamite...

    "I coulda won state!"

    ReplyDelete
  67. the bohemianFebruary 3, 2011 at 11:25 AM

    F caught a bid

    I-Man Says:

    "and state sanctioned extortion of US taxpayers."

    elaborate on that please- do you mean if the financial system had to be bailed out yet again?

    ReplyDelete
  68. I-ManFebruary 3, 2011 at 11:25 AM

    I know its been awhile since we played this game, but I really enjoy it:

    Bill Withers = Underrated.

    Richard Marx = Overrated.

    ReplyDelete
  69. ben22February 3, 2011 at 11:25 AM

    "Bear capitulation is extreme."

    I'd like to see more of it. RR is now recommending for people to buy stocks and others, but the Demark call got more coverage than those guys buying stocks.

    Just so long as Bob doesn't show up on Fast Money or on Kudlow soon, nobody wants to see that.

    ReplyDelete
  70. AnonymousFebruary 3, 2011 at 11:26 AM

    Taleb is at it again. Broken record.

    http://www.bloomberg.com/news/2011-02-03/taleb-advises-first-avoid-treasuries-then-dollar-update1-.html

    ReplyDelete
  71. I-ManFebruary 3, 2011 at 11:27 AM

    @ Ahab

    I mean when Paulson and Bernanke basically extorted Congress by saying that if we didnt fork over the TARP money, that our debit cards would stop working.

    I'm not saying it was right or wrong, obviously, being a capitalist, and not some Nancy Capitalist, I didnt agree with it...

    But just saying, that was so September 2008.

    I dont want to go back there.

    ReplyDelete
  72. AnonymousFebruary 3, 2011 at 11:28 AM

    Boz Scaggs = Underrated

    Michael Bublé = ha ha ha

    ReplyDelete
  73. CVFebruary 3, 2011 at 11:28 AM

    Good whiskey only comes in JARS...

    x2

    ReplyDelete
  74. Bruce in TennesseeFebruary 3, 2011 at 11:28 AM

    http://www.moneynews.com/StreetTalk/Shiller-Home-Prices-Slide/2011/01/31/id/384498

    Shiller: Home Prices May Slide for Years


    "Yale economist Robert Shiller says housing prices could continue to fall for years to come. “The peak in the market was around 2006; it went down for three years and if it behaved the same way it had in the last cycle, it would continue going down for years more,” Shiller told the Business Insider.

    “The question is will it resume the downward trend? I think it could, maybe not rapidly, but I think there could be further house-price declines.”

    ReplyDelete
  75. A fixed income analyst to be named laterFebruary 3, 2011 at 11:29 AM

    "I suppose he would prefer we have soup lines, bank runs, and state sanctioned extortion of US taxpayers."

    Food stamps = soup lines. Bank runs are on in Ireland and Egypt.
    Extortion of taxpayers and savers = TARP + QE.

    It is ON, bitchez. Every day. This is war.

    ReplyDelete
  76. CVFebruary 3, 2011 at 11:30 AM

    Wait!... With a caveat...

    "Good whiskey only comes in JARS... (with a few burnt oak chips tossed in)..."

    There... fixed it... :-)

    ReplyDelete
  77. I-ManFebruary 3, 2011 at 11:30 AM

    I cant believe I just had the urge to sip some bourbon, and it aint even 9am yet.

    I gots problems.

    ReplyDelete
  78. AnonymousFebruary 3, 2011 at 11:31 AM

    "Ask yourself a simple question: how many famous scientists are there? Not so many. Or try this one: how many men or women dream of marrying or dating a scientist?"

    What do you think, K? Surely there can't be any hot scientists?

    ReplyDelete
  79. CVFebruary 3, 2011 at 11:31 AM

    Ben Rothleisberger = OVERRATED
    Aaron Ridgers = UNDERRATED

    ReplyDelete
  80. Bruce in TennesseeFebruary 3, 2011 at 11:31 AM

    Talked with my banker for 30 good minutes yesterday...they have been fortunate to only have a few foreclosures. Saw an auctioneer in the mine this morning who says that the Absolute Auction business has been saving his bacon lately. He and the banker are neutral on the economy in 2011..

    ReplyDelete
  81. CVFebruary 3, 2011 at 11:31 AM

    "Rodgers"

    ReplyDelete
  82. the bohemianFebruary 3, 2011 at 11:31 AM

    and fwiw- Tim Knight's a pretty funny dude- and that has its own merits regardless of anything else-

    with me anyway

    also- I think he (and others including myself) are expecting this whole charade to come apart at some point-

    if it's so easy to just create money to alleviate our ills- then lets just do all the time-

    right? makes sense to me

    ReplyDelete
  83. CVFebruary 3, 2011 at 11:32 AM

    CV's typing skills = OVERRATED

    ReplyDelete
  84. Tom Cruise & John TravoltaFebruary 3, 2011 at 11:33 AM

    What do you think, K? Surely there can't be any hot scientists?

    Do "SCIENTOLOGISTS" count?

    ReplyDelete
  85. CVFebruary 3, 2011 at 11:35 AM

    THOMAS DOLBY = UNDERRATED

    http://www.youtube.com/watch?v=2IlHgbOWj4o

    ALBERT EINSTEIN = OVERATED

    ReplyDelete
  86. karenFebruary 3, 2011 at 11:38 AM

    C chart! breakdown coming..

    ReplyDelete
  87. ben22February 3, 2011 at 11:38 AM

    buble' has a good voice no doubt but it is all covers from him, so I agree with that call

    re: famous scientists

    I'm gonna go out a limb and say that people know just as many famous scientists as they do money managers. People know einstein and hawking, they know buffett, maybe Peter Lynch. No regular people know Stevie Cohen, Eddie Lampert etc. etc.

    I asked roughly 50 people when I was considering moving to Fusion if they had heard of BR, who I consider a household name if you are on the street, and none of them did.

    If I asked them famous movie starts, singers, or atheletes they could have given me 100's of names right off the top.

    I doubt this changes other than the fact people will get attracted to different types of singers or movies. Remember when "bubble-gum" pop was all the rage in the late 90's and early 2000's, social mood was still wildly positive and we had Britney, N'sync, BSB, 98 Degrees, and on and on.

    By 2002 many of those groups had fallen apart and the public ripped apart the persona's of some of these people as well, Britney being the obvious example. I rememeber well music that was really popular during 2001 and 2002, stuff like Limp Bizkit, a group that made specific point to be anti boy bands.

    It's no surprise that when the up-trend in mood began in 2009 we get famous people like Justin Beaver on the scene.

    ReplyDelete
  88. AnonymousFebruary 3, 2011 at 11:39 AM

    http://finance.yahoo.com/q?s=ZNC.TO&ql=1

    if anyone likes 'jr. miners', this one has a good chance a tripling by ~Oct.

    AAIP

    ReplyDelete
  89. the bohemianFebruary 3, 2011 at 11:41 AM

    "Food stamps = soup lines. Bank runs are on in Ireland and Egypt.
    Extortion of taxpayers and savers = TARP + QE."

    EXACTLY- without SNAP and extended public assistance- people would already be burning down the Capitol and K street- people limping along- zombies-

    so let's keep the charade going- so the people don't get pillaged again?

    please- sell that shit to the Coast Guard

    ReplyDelete
  90. I-ManFebruary 3, 2011 at 11:42 AM

    Warren Buffet = Overrated

    Jesse Livermore = Underrated

    ReplyDelete
  91. CVFebruary 3, 2011 at 11:43 AM

    Justin Beaver - ROR

    ---

    I was watching TV last night, and some kind of crap comes on that Justin Bieber has a 3D movie about his life coming out...

    http://mashable.com/2010/10/26/justin-bieber-movie-trailer/

    It's a good thing I wasn't drinking anything because I would have ended up spitting it on the walls...

    Nevertheless - My VERY FIRST thought when I saw that was...

    "Leif Garrett"

    Who TF is "Leif Garrett" you may ask?

    EXACTLY!

    ReplyDelete
  92. karenFebruary 3, 2011 at 11:43 AM

    darling interview!!

    http://www.npr.org/blogs/money/2011/02/03/133462877/is-marriage-rational

    ReplyDelete
  93. I-ManFebruary 3, 2011 at 11:44 AM

    ETFs and Stocks = Overrated

    Mini's = Underrated


    :)

    ReplyDelete
  94. CVFebruary 3, 2011 at 11:46 AM

    Let's see what ol' heartthrob Leif Garrett is up to these days...

    http://www.tmz.com/2010/02/03/leif-garrett-arrested/

    ReplyDelete
  95. CVFebruary 3, 2011 at 11:48 AM

    Seems 'ol Leif had a hard time KEEPING AWAY FROM RUNAROUND SUE...

    ReplyDelete
  96. the bohemianFebruary 3, 2011 at 11:49 AM

    CNBC says: "it's hard to say if QE is causing commodity inflation"

    ok then . . .

    ReplyDelete
  97. karenFebruary 3, 2011 at 11:50 AM

    This comment has been removed by the author.

    ReplyDelete
  98. I-ManFebruary 3, 2011 at 11:51 AM

    Just got short, first time today.

    ReplyDelete
  99. CVFebruary 3, 2011 at 11:52 AM

    More "offshoots" from the Bernanke Bucks trilogy...

    P Diddy getting sued for...(drumroll)... ONE TRILLION $$

    http://specials.msn.com/A-List/Lifestyle/Outrageous-Lawsuits.aspx?cp-documentid=27508719&imageindex=1

    ---

    I guess the cost for getting your nails done in LA is rising too... Is that part of the CPI index?

    ReplyDelete
  100. CVFebruary 3, 2011 at 11:53 AM

    Either that or the court reporter in Los Angeles is from Waddell & Reed...

    ReplyDelete
  101. the bohemianFebruary 3, 2011 at 11:57 AM

    did anyone catch how badly Allen Stanford (billionaire- Staford Financial Group) was beaten in jail?

    http://www.judiciaryreport.com/images/r-allen-stanford-beaten-in-prison-12-24-10.jpg

    and the dude's a big dude too . . .supposedly over a phone call

    ReplyDelete
  102. karenFebruary 3, 2011 at 11:58 AM

    oh, funny.. just caught up with the music in the morning corner..

    ReplyDelete
  103. CVFebruary 3, 2011 at 11:58 AM

    Rice Takes Out December 2009 Highs, Next Stop: $20, As China Distributes Fake Plastic Rice

    http://www.zerohedge.com/article/rice-takes-out-december-2009-highs-next-stop-20-china-distributes-fake-plastic-rice

    And so the tide rising all commodities keeps coming: rough rice has just passed its December 2009 high and is now at its highest since October 2008. When we predicted on Monday morning that "rice is next", little did we think that it would be up by 11% in 4 days. And with this important resistance level broken, it is smooth sailing to the next two resistance levels of $20 and $24. Of course, Bangladesh will be in flames long before any of those are hit. But a speculator has to eat, right. After all, none of this is Gen Ben's fault.

    ReplyDelete
  104. CVFebruary 3, 2011 at 11:59 AM

    "Fake Plastic Rice from China

    According to the Korean-language “Weekly Hong Kong” (which many Vietnam websites are referencing as well), Singapore media claim that fake rice is being distributed in the Chinese town of Taiyuan, in Shaanxi province. This “rice” is a mix of potatoes, sweet potatoes, and plastic. It is formed by mixing the potatoes and sweet potatoes into the shape of rice grains, then adding industrial synthetic resins. Since the rice does not behave like normal rice, it stays hard even after it has been cooked. Such synthetic resins can also be very harmful if consumed.

    A Chinese Restaurant Association official said that eating three bowls of this fake rice would be like eating one plastic bag. Due to the seriousness of the matter, he added that there would be an investigation of factories alleged to be producing the rice. Meanwhile, the low cost of the fake rice is allowing wholesalers to make large profits."

    ReplyDelete
  105. the bohemianFebruary 3, 2011 at 12:03 PM

    plastic rice?

    'bout time- I am getting tired of styrofoam peanuts-

    yum-o

    ReplyDelete
  106. karenFebruary 3, 2011 at 12:04 PM

    yikes! what just happened in GLD.. ??

    ReplyDelete
  107. Bruce in TennesseeFebruary 3, 2011 at 12:06 PM

    AGREE with the Jesse Livermore...I.

    Einstein=overrated perhaps..

    Newton= The greatest scientific mind to date...but an eccentric mess of a life.

    ReplyDelete
  108. A fixed income analyst to be named laterFebruary 3, 2011 at 12:08 PM

    Added to EEM shorts.

    Even the disgusting governments of China and other Asian countries will have to act responsibly here. They cannot allow the food inflation to continue, even while their elite speculator class makes billions.

    ReplyDelete
  109. ben22February 3, 2011 at 12:08 PM

    ahab,

    saw that a while ago re: Stanford

    his lawyer now claims he had brain damage if I'm not mistaken and so should be released as he can't stand trial.

    Makes you wonder

    maybe he ended up in a federal pound me in the ass prison though (office space joke in case people think I'm just being vulgar)

    ReplyDelete
  110. karenFebruary 3, 2011 at 12:08 PM

    Washington's spending spree is over - http://bit.ly/hZ1T

    on GLD.. The Bernank must have said QE3

    ReplyDelete
  111. I-ManFebruary 3, 2011 at 12:10 PM

    Holy GOLD

    ReplyDelete
  112. A fixed income analyst to be named laterFebruary 3, 2011 at 12:10 PM

    Bernanke is conducting a war against China. Do you see this? He is in essence starving the people by driving up the cost of rice and wheat, until the Chinese government tighten and thereby drive up the Yuan against the US dollar? Eventually they will not be able to resist. Revaluation or wage inflation, they have no choice.

    ReplyDelete
  113. the bohemianFebruary 3, 2011 at 12:12 PM

    "pound you in the ass prison"- I know that reference well . . .classic


    re Newton- didn't he lose his ass in the South Sea Company?

    ReplyDelete
  114. I-ManFebruary 3, 2011 at 12:12 PM

    Gold chart + EUR chart = Default

    ReplyDelete
  115. AnonymousFebruary 3, 2011 at 12:12 PM

    Gold is not going to be a great short here with rumors of imminent bank runs in Egypt and a demonstrable bank run going on in Ireland.

    I-Man, we are rethinking this yen short. Going nowhere.

    ReplyDelete
  116. karenFebruary 3, 2011 at 12:13 PM

    LOL!!! Why Tomorrow's Jobs Report Is A Much Bigger Deal Than Most Jobs Reports http://read.bi/g67aAw

    (I'm not clicking on it : )

    ReplyDelete
  117. I-ManFebruary 3, 2011 at 12:16 PM

    The JPY, USD, AUD, and CHF are looking real strong today...

    ReplyDelete
  118. Bruce in TennesseeFebruary 3, 2011 at 12:17 PM

    Lefty,

    Many have thought all along that that would be the result...

    I hope he got switches and coal for Christmas...I have seen innumerable elderly who are spending their seed corn...He's a turd of the first order in my opinion...

    ReplyDelete
  119. AnonymousFebruary 3, 2011 at 12:18 PM

    (AP:LOUISVILLE, Ky.) The owner of the Pizza Hut, Taco Bell and KFC chains is facing distasteful developments from inflation in China and a lawsuit challenging its taco filling.

    Yum Brands Inc. executives said Thursday that they're bracing for commodity and wage inflation in China _ where their business is most profitable. Yum recently raised prices there to offset the higher costs.

    Chairman and CEO David C. Novak said Taco Bell has been hurt by a false-advertising lawsuit alleging its taco fillings don't contain enough beef to be called beef.

    Novak called the allegations false and said an advertising campaign is reversing the tide.

    Yum executives outlined their strategy a day after the company said its fourth-quarter net income rose 27 percent with strong growth overseas and a rebound in the U.S...."
    http://news.ino.com/headlines/?newsid=68976569278710

    ibid.

    ReplyDelete
  120. the bohemianFebruary 3, 2011 at 12:18 PM

    "He is in essence starving the people by driving up the cost of rice"

    well now that there is plastic rice. . .problem solved-

    fits in perfectly with the Fed's ideas of food substitution-

    rice too expensive- plastic rice

    pork too expensive- dog

    chicken too expensive- pigeons

    it's all good . . .

    ReplyDelete
  121. AnonymousFebruary 3, 2011 at 12:19 PM

    This is going to be very ugly.

    1620: BBC World tweets: "Egyptian security seize BBC equipment at Cairo Hilton in attempt to stop us broadcasting."

    1617: New York Times columnist Nicholas Kristof tweets: "Govt is trying to round up journalists. I worry about what it is they're planning that they don't want us to see."

    ReplyDelete
  122. ben22February 3, 2011 at 12:20 PM

    why would BB say QE3 when the "top economists" are saying he will raise rates starting in June

    R
    O
    R

    imo, NLY looks more attractive each day

    ReplyDelete
  123. Bruce in TennesseeFebruary 3, 2011 at 12:20 PM

    Maybe, but Calculus sprang from his coconut without the help of anyone else...

    He's not the greatest investor..just the greatest scientific mind...

    ReplyDelete
  124. I-ManFebruary 3, 2011 at 12:23 PM

    Out of my short, I can already tell I'll be buying pullbacks from here on out.

    ReplyDelete
  125. the bohemianFebruary 3, 2011 at 12:24 PM

    I don't know Bruce. . .Jethro Bodine was pretty good with his ciphering skills

    I don't hear anyone talking him up

    ReplyDelete
  126. I-ManFebruary 3, 2011 at 12:24 PM

    Should be a nice buyable low any minute...

    ReplyDelete
  127. JenniferFebruary 3, 2011 at 12:24 PM

    Today has that "calm before the storm" feeling. I don't like it.

    ReplyDelete
  128. the bohemianFebruary 3, 2011 at 12:27 PM

    "Today has that "calm before the storm" feeling. I don't like it."

    it would be intriguing to me if Ritholtz's 90/90 correction call comes to pass-

    a two to seven day window from last Friday

    ReplyDelete
  129. AmenRaFebruary 3, 2011 at 12:29 PM

    You pull coverage when SHTF and you're about to put the smackdown on folks. Probably learned that from us too.

    ReplyDelete
  130. Bruce in TennesseeFebruary 3, 2011 at 12:29 PM

    It is hard for me to remember Jethro...I was always looking for Ellie Mae back in those days...

    ReplyDelete
  131. the bohemianFebruary 3, 2011 at 12:33 PM

    trivia-

    Jethro- the actor's dad- Max Baer was the heavyweight champion of the world in the 30's-

    beaten by the "Cinderella Man"

    ReplyDelete
  132. AmenRaFebruary 3, 2011 at 12:33 PM

    With the 10yr holding 3.5% and the 30yr holding 4.6% the Fed is having another bout of sleepless nights.

    ReplyDelete
  133. A fixed income analyst to be named laterFebruary 3, 2011 at 12:36 PM

    Today has that "calm before the storm" feeling. I don't like it.

    China will make a large move, probably a rate hike, and perhaps India too. If they don't cap this moonshot in rice and wheat very soon then all Hell is going to break loose in their crowded cities.

    The interesting thing is the hike will crash their RE market and a banking crisis will result. Got popcorn? Get yourself some USTs today and tomorrow, if the "surging US economy" can deliver a job or two.

    ReplyDelete
  134. CVFebruary 3, 2011 at 12:36 PM

    Why Tomorrow's Jobs Report Is A Much Bigger Deal Than Most Jobs Reports

    They're trying to find new and clever ways to say...

    "The most important NFP in the history of mankind!"

    This might be the "commemorative" edition (marking the 1,000th time someting has MADE HISTORY since Obama was elected)...

    I'm pretty sure the US Mint will make a special COIN out of it... Made with Obama's image and cast in tungsten covered in 15 milligrams of .9999 (THAT's 4 NINES!!!!), pure gold...

    Strict limit of 5 per person at the low low issue price of $19.99 (a $50 value)...

    Hurry! Call now!

    ReplyDelete
  135. Bruce in TennesseeFebruary 3, 2011 at 12:36 PM

    Amen:

    It is like they say about liquidity...it is a global phenomenon...and everybody and his brother are becoming concerned about inflation here, and as mentioned earlier, perhaps imported by Bernanke into some of these smaller economies...

    ...This is soooo unlike the tech bubble..I still remain fascinated by how this is playing out...

    ReplyDelete
  136. karenFebruary 3, 2011 at 12:40 PM

    he is clueless: http://www.businessinsider.com/bernanke-national-press-club-speech-2011-2

    "On the inflation front, we have recently seen significant increases in some highly visible prices, notably for gasoline. Indeed, prices of many commodities have risen lately, largely as a result of the very strong demand from fast-growing emerging market economies, coupled, in some cases, with constraints on supply."

    that reminds me of his view on home prices! how can we be repeated 07/08 already!!??

    ReplyDelete
  137. A fixed income analyst to be named laterFebruary 3, 2011 at 12:40 PM

    This is very much like our 2008 oil spike. Except for China it is the rice spike that will force them to burst the bubble.

    My prediction was that the 10y wouldn't get to 4% this time, and it looks like I am going to be correct.

    There is no escape from ZIRP. 1% on the 10y is a magnet. How else are we going to pay the interest on the debt?

    We are close to peak FLATION here. China will tighten, EM flows will reverse, Bucky will strengthen and commodities will eventually correct.

    Load up on TLT calls for the summer.

    ReplyDelete
  138. Bruce in TennesseeFebruary 3, 2011 at 12:40 PM

    I foresee Econ 101 in 10 years devoting several chapters to "Interest Rate Manipulation and Its Consequences"...

    ReplyDelete
  139. Bruce in TennesseeFebruary 3, 2011 at 12:42 PM

    ..lunch...in a few..

    ReplyDelete
  140. AnonymousFebruary 3, 2011 at 12:43 PM

    "On the inflation front, we have recently seen significant increases in some highly visible prices, notably for gasoline.

    You and I discussed long ago how $gaso was key in their plan to manufacture inflation, b/c it is passed through to many other prices.

    Remember when we were at the Bottom™, one of the first things that moved was $gaso and JNK. We used to look at them every day.

    Don't tell Bruce you like my JNK and my Bottom™...

    ReplyDelete
  141. I-ManFebruary 3, 2011 at 12:44 PM

    John Prine = Underrated

    John Mellencamp = Overrated

    ReplyDelete
  142. CVFebruary 3, 2011 at 12:44 PM

    @Bruce

    "Maybe, but Calculus sprang from his coconut without the help of anyone else..."

    Call me a SKEPTIC on this...

    ---

    I know that this is going to put me in the "WAY OUT THERE" crowd...

    But I believe all these MATHEMATICS and GEOMETRY equations came LONG LONG before Sir Isaac Newton or anyone else... Even before the ancient Sumerians and Egyptians...

    I believe OLD OLD things somehow managed to make it through the destruction of civilizations... While we BARELY have any artifacts (such as buildings and structures), the KNOWLEDGE, especially MATHEMATICAL knowledge was passed on...

    It took awhile to resurrect (in new civilizations, because you needed the populace & other infrastructure to put it to good use)...

    When the time was right, the knowledge fell into the hands of the right people...

    I'm fairly doubtful that it just sprang from Newton's coconut... (Maybe he 'added to it' a little though)...

    ReplyDelete
  143. A fixed income analyst to be named laterFebruary 3, 2011 at 12:45 PM

    All the textbooks will have to be rewritten b/c there were never any chapters on ZIRP, QE, stealth bank recapitalization, and POMOs.

    ReplyDelete
  144. the bohemianFebruary 3, 2011 at 12:45 PM

    dear abby, dear abby

    ReplyDelete
  145. Ancients of MUFebruary 3, 2011 at 12:45 PM

    @CV

    x2

    ReplyDelete
  146. karenFebruary 3, 2011 at 12:47 PM

    sugar down about 4.8% now..

    ReplyDelete
  147. JenniferFebruary 3, 2011 at 12:49 PM

    Sneaky Giles...waited for lunchtime.

    ReplyDelete
  148. the bohemianFebruary 3, 2011 at 12:51 PM

    my 12:45 in ref to I-man's John Prine reference-

    also- future advice from the chair of the finance department

    son . . .sorry you can't graduate until you complete Intermediate QE and ZIRP 301

    ReplyDelete
  149. I-ManFebruary 3, 2011 at 12:53 PM

    Ok, one more lower high, and lower low, and we should be set to run into the close.

    Its bagel time.

    ReplyDelete
  150. I-ManFebruary 3, 2011 at 12:58 PM

    I smell macro pain... someone got a little caught in their corellations I think.

    ReplyDelete
  151. A fixed income analyst to be named laterFebruary 3, 2011 at 12:58 PM

    How long will it take the rest of the hedgies to realize there are way too many of them over there on the DGDF/long EEM side of the boat?

    Once a few of them start running over to the EGDF/short EEM side, we will see more than a bit of "rebalancing".

    ReplyDelete
  152. Bruce in TennesseeFebruary 3, 2011 at 1:02 PM

    I know that this is going to put me in the "WAY OUT THERE" crowd...


    ...Yes, it does. But we still love ya.

    ReplyDelete
  153. Bruce in TennesseeFebruary 3, 2011 at 1:06 PM

    "My prediction was that the 10y wouldn't get to 4% this time, and it looks like I am going to be correct."


    Hang on there, Sloopy. Sloopy hang on. What is the time frame your tea leaves were predicting this in? I have forgotten...

    ReplyDelete
  154. Sir Isaac NewtonFebruary 3, 2011 at 1:07 PM

    Geometry and trigonometry are ancient.
    But I did invent calculus. Not that any Americans can use it...

    Did you know you can still see my college room in Cambridge?
    I used to get seriously hammered after the Tripos.

    ReplyDelete
  155. Bruce in TennesseeFebruary 3, 2011 at 1:10 PM

    And I used to give parties and forget to come to them...

    ReplyDelete
  156. A fixed income analyst to be named laterFebruary 3, 2011 at 1:11 PM

    We were buying the long bond heavily last time we hit the 3.80 - 4.00% band in the 10y in April.

    When we hit bottom at 2.35-2.50% or whatever this fall, we took MASSIVE PROFITS and we told you to SELL those Ts right now before the QE2 announcement.

    During the steep bond sell-off we said that we would settle in the 3.5 - 3.7% range this time, and a 4.6-4.8% on the 30y. We are more or less here.

    ReplyDelete
  157. Marc FaberFebruary 3, 2011 at 1:13 PM

    Noooo. Ze dollahr is doomt. Do not buy ze Trezhareez...
    Eet ees a sooeeesideell infestment...

    ReplyDelete
  158. Marc FaberFebruary 3, 2011 at 1:13 PM

    Zey vill bekumm vurthlezz...

    ReplyDelete
  159. A fixed income analyst to be named laterFebruary 3, 2011 at 1:14 PM

    Thanks for the counterpoint, Marc, we appreciate it.

    ReplyDelete
  160. AnonymousFebruary 3, 2011 at 1:14 PM

    K.,

    Just askin..'
    If we close red, do we get to see...?

    ReplyDelete
  161. Bruce in TennesseeFebruary 3, 2011 at 1:15 PM

    I think you are probably right again Lefty...and truthfully, I see you are probably making good money every month in fixed income. But I wonder if rates won't go higher later this year....

    ReplyDelete
  162. JenniferFebruary 3, 2011 at 1:15 PM

    You can see my college room in Cambridge too. Watch out for the horrible fruit fly infestation, which may or may not have something to do with the banana that got lost for six months behind the refrigerator.

    ReplyDelete
  163. AnonymousFebruary 3, 2011 at 1:16 PM

    @12:44

    cv--,

    x3

    ibid.

    ReplyDelete
  164. CVFebruary 3, 2011 at 1:16 PM

    I learned everything I need to know about history from Bill & Ted...

    http://www.youtube.com/watch?v=ijqnsRqSo2k

    Be Most Excellent!

    ReplyDelete
  165. Bruce in TennesseeFebruary 3, 2011 at 1:17 PM

    Oh, and I forgot to come to parties IN MY OWN HOUSE...now that is setting the bar pretty high..

    ReplyDelete
  166. JenniferFebruary 3, 2011 at 1:18 PM

    The suction machine's performance is clearly hampered by the cold. Perhaps the squid was too cheap to splurge for electric start?

    ReplyDelete
  167. Bruce in TennesseeFebruary 3, 2011 at 1:19 PM

    Jennifer:

    You lost the banana??

    hmmmmm...

    ReplyDelete
  168. JenniferFebruary 3, 2011 at 1:20 PM

    On move out day it was found again....shriveled, black, covered with bugs.

    ReplyDelete
  169. the bohemianFebruary 3, 2011 at 1:23 PM

    wow . . .late- gotta roll-

    CV @ 12:45- knowledge came from somewhere right?

    Chariots of the Gods (remember that?)

    also- a good book for those to see how knowledge was preserved during the dark ages:

    http://www.amazon.com/Irish-Saved-Civilization-Hinges-History/dp/0385418493

    a very good read

    ReplyDelete
  170. Bruce in TennesseeFebruary 3, 2011 at 1:23 PM

    Jennifer, you sweet innocent!

    When I was growing up, hiding the banana or losing the banana had another meaning!

    (And to find it shriveled, black, and covered with bugs!....an image of great pain and concern!)

    ReplyDelete
  171. AnonymousFebruary 3, 2011 at 1:25 PM

    So you lost the banana? Did you hide the pickle, as well?

    ReplyDelete
  172. ben22February 3, 2011 at 1:28 PM

    for those that like to read the instruction manual, I would highly suggest reviewing this document.

    Hat tip to Marc Faber, and I agree with him, if you read the report you can't conclude anything other than that we are doomed:

    http://www.fms.treas.gov/fr/10frusg/10frusg.pdf

    ReplyDelete
  173. A fixed income analyst to be named laterFebruary 3, 2011 at 1:29 PM

    TLT has been bought aggressively every dip under 90.

    JBTFD.

    ReplyDelete
  174. karenFebruary 3, 2011 at 1:29 PM

    TBT is not standing down.. one more day or it's gonna rocket.

    ReplyDelete
  175. JenniferFebruary 3, 2011 at 1:31 PM

    Technically, it was my roommate's banana. We were all pretty upset once we figured out where the flies had been coming from.

    ReplyDelete
  176. A fixed income analyst to be named laterFebruary 3, 2011 at 1:32 PM

    So what happens to TLT/TBT if we have a very weak print tomorrow?

    The whisper number is +250k. Consensus is 150k.
    What happens if we print a zero?

    January retail layoffs, the snow, and state/local govt layoffs.
    On the other hand, the "RECOVERY" in small biz.

    Just trying to give a balanced view.

    ReplyDelete
  177. A fixed income analyst to be named laterFebruary 3, 2011 at 1:36 PM

    I hope the Bulls sell the crap out of Treasuries into the close here.
    We would be buying with both hands.

    There is no fundamental driver for job creation in the US.
    Any suggestion that we are returning to pre-crash employment is...

    Nucking futs...

    ReplyDelete
  178. karenFebruary 3, 2011 at 1:37 PM

    TBT has been bot aggressively, you mean.. it is the one in the uptrend.

    TLT just made a lower low on the week!!

    I am not denying your game plan.. but so far it's pushing the envelope..

    ReplyDelete
  179. AnonymousFebruary 3, 2011 at 1:37 PM

    Brilliant from Barry !! Beware the recency effect.....

    http://www.ritholtz.com/blog/2011/02/bill-miller-back-on-top-not-exactly/

    ReplyDelete
  180. karenFebruary 3, 2011 at 1:43 PM

    And I am STILL routing for the BV.. if there are any.

    ReplyDelete
  181. karenFebruary 3, 2011 at 1:45 PM

    what i really want is Bernanke thrown out of his Chair and Paulson in the Fed*

    *..eral Penitentiary

    ReplyDelete
  182. AnonymousFebruary 3, 2011 at 1:46 PM

    Don't root for the BVs. They will be routed.
    Actually they have taken a different route and will rout Europe.

    Where do we finish today? Green or red?
    What will you wear, Dow 12k panties or SPX 1300 T-shirt?

    Not you, I-Man... :-)

    ReplyDelete
  183. I-ManFebruary 3, 2011 at 1:47 PM

    Bond Vigilante's?

    They're too busy getting hand fed doggie treats...

    A mean dog will be nice as long as you have bacon in your hand, but when it runs out...

    ReplyDelete
  184. ben22February 3, 2011 at 1:47 PM

    also, I just can't let a day go by without a little bit of semantics so for those of you that wish to review it, I'd start here:

    http://www.nowandfutures.com/key_stats.html#m3b

    no commentary from me other than to direct your attention toward the "M3 longer term chart" (see the power of QE on the green line, wow!), doesn't go back far enough for you to see, however, this is the first decline in overall money and credit on an annual basis since 1929-1933.

    I just couldn't resist talking about actual inflation with all this discussion on prices

    ;-)


    Enjoy.

    ReplyDelete
  185. Bruce in TennesseeFebruary 3, 2011 at 1:48 PM

    http://www.foxnews.com/scitech/2011/02/03/worsening-winters-come-global-warming/

    Al Gore Explains 'Snowmageddon'


    ...Many explanations and interviews...in other words..my theory explains both warmer summers and much colder winters. Or maybe not...

    ReplyDelete
  186. I-ManFebruary 3, 2011 at 1:48 PM

    "Hand fed"... like that?

    ReplyDelete
  187. karenFebruary 3, 2011 at 1:50 PM

    but ben, who needs money when you've got CREDIT ?

    ReplyDelete
  188. I-ManFebruary 3, 2011 at 1:51 PM

    What's the difference?

    ReplyDelete
  189. karenFebruary 3, 2011 at 1:53 PM

    JK.. that just brings us round to the debt service argument again..

    what is it that Andy says? Laughing.. this will all end in tears..

    ReplyDelete
  190. Bruce in TennesseeFebruary 3, 2011 at 1:54 PM

    Ben,

    The Pain and Misery Index seems to be going great guns...I had not heard of this one.

    ReplyDelete
  191. Bruce in TennesseeFebruary 3, 2011 at 1:55 PM

    "Skepticism is very clearly increasing overseas; a poll released this week by the Office for National Statistics in the U.K. indicated that the number of climate skeptics there had nearly doubled during the last four years. The proportion of people who said they were “not very concerned” about global warming now numbers more than one in five, the U.K. government said."

    ReplyDelete
  192. 18February 3, 2011 at 1:56 PM

    Yesterdays call, possible 1296 may be support looks true... so far...

    ReplyDelete
  193. 18February 3, 2011 at 1:57 PM

    but man, don't like that nasty gap just under...

    ReplyDelete
  194. ben22February 3, 2011 at 1:57 PM

    there is no difference in our fiat system between credit and "money", what we call money is debt, just read your notes, they tell you as much. while there is no agreement on what the money supply is M3 includes both base money and credits and is the broadest measure, you'll see the trend for yourself if you simply look at the chart, I could blah blah for a month about it but the chart speaks for itself. The annual rate of change has turned up recently because this round of QE is real monetization, just keep watching that chart though if you care to.

    My personal take is that if you don't think the first annual decline in overall money and credit since the GD is a big deal, then you are on some really good crack or meth, if that's your thing, or if you are too poor for those, maybe a few bottles of tussin.

    ReplyDelete
  195. ben22February 3, 2011 at 1:59 PM

    this will all end in tears

    I'd highly suggest reading the government link I put up before the M3 link

    look at the very first chart in the presentation

    Thanks Obama!

    anyone think we can sustain that trend? lol.

    ReplyDelete
  196. Bruce in TennesseeFebruary 3, 2011 at 1:59 PM

    http://www.koreaherald.com/business/Detail.jsp?newsMLId=20110203000027

    "South Korea's food prices climbed the second most on-year among the organization for Economic Cooperation and Development (OECD) members in December, data showed Thursday.

    Food prices in South Korea jumped 10.6 percent in December from a year earlier, higher than the OECD average of 2.6 percent, according to the data by the OECD.

    Among the 33 tallied countries, Estonia topped the list at 12.2 percent. Hungary and Turkey followed with 7.6 percent and 7 percent, respectively, the data showed.

    The overall consumer inflation rate in the same month came to 3.5 percent in South Korea, Asia's fourth-largest economy, higher than the OECD average of 2.1 percent, the data said."

    ReplyDelete
  197. CVFebruary 3, 2011 at 2:05 PM

    @ben22

    "direct your attention toward the "M3 longer term chart" (see the power of QE on the green line, wow!), doesn't go back far enough for you to see, however, this is the first decline in overall money and credit on an annual basis since 1929-1933"

    ---

    Does that mean that if I go to the grocery store checkout line and show them that chart with a box of Cheerios in my hand, that they'll knock the price down from $5 to $2...?

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  198. ben22February 3, 2011 at 2:05 PM

    I,

    looks like another pennant, perhaps gearing up for an upside push into the close....

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  199. ben22February 3, 2011 at 2:08 PM

    CV,

    you aren't talking about the same thing as me, so there is no discussion to have.

    and btw, if that drops more, then that's exactly what's going to hapen to your cheerios

    Did you sleep through the second half of 2008 and early 09?

    this is not a "theory" it's reality.

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  200. CVFebruary 3, 2011 at 2:10 PM

    Answer:

    Of course not...

    So how do we deal with the apparent problem?

    Ummm... How about PRICE CONTROLS?

    Wait! No! Didn't NIXON try that? What was the result?

    Some weren't alive to remember gas lines or W.I.N. buttons...

    If the only remedy to higher costs is RATIONING, it's still a good idea to have a few bags of rice in the basement...

    NOT the plastic kind...

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