A place where a skillful caddy always offers cool contemplation when it comes to your "stick" selection.
Creditcane™: Dear Bears: My name is Intervention. Be afraid when you hear it.
SPXShooting star day (yet confirmed bullish harami). Midpoint below EMA(10). Held SMA(89). Above the 38.2% retrace (1278.72). No daily 3LB changes (reversal is 1306.10). QE2infinity. "JBTFD" or "Intervention" now mean the same thing. Had a weekly 3LB reversal down.
DXYBearish short day. Midpoint below EMA(10). Now below the 0.0% retrace (77.54) from 11/4/10. Below all SMA's. New low on daily 3LB (reversal is 76.35).
VIXBullish short day (confirmed bearish harami). Midpoint above EMA(10). Above all SMA's. No daily 3LB changes (reversal is 20.80). Back below monthly 3LB & weekly 3LB mid. Still in the "some fear" zone.
GOLDBullish long day (confirmed hammer). Midpoint above EMA(10). No test of 0.0% retrace. Back above SMA(21). No daily 3LB changes (reversal is 1437.70). Held above upper trend line. Must have the precious.
AUDJPYBearish long day (yet completed morning star). Midpoint below EMA(10). Back above SMA(233). Also failed to hold its 61.8% retrace (0.7995). No daily 3LB changes (reversal is 0.8157).
JNKDoji day. Midpoint above EMA(10). Back above SMA(144) & SMA(89). Back above its 38.2% retrace (40.21). Still below lower trend line. Daily 3LB reversal up (reversal is 39.58).
10YR YIELDBullish short day. No test of 0.0% retrace at 37.44. Still failing SMA(89). Midpoint below EMA(10). Held the 38.2% retrace (32.05). No daily 3LB changes (reversal is 33.93).
DJ TRANS AVGBullish short day. Still below SMA(89). Midpoint below EMA(10). No daily 3LB changes (reversal is 5093.23). No weekly 3LB reversal.
CRBSpinning top day. Midpoint above EMA(10). Still below SMA(21). Held the 23.6% retrace (349.54). No daily 3LB changes (reversal is 354.45).
XLFDoji day. Midpoint below EMA(10). Still below SMA(21). No test of 0.0% retrace. No daily 3LB changes (reversal is 16.77). No weekly 3LB reversal.
WTISpinning top day. Still above all SMA's. Midpoint above EMA(10). No test 0.0% retrace. Tested and failed the 14.6% retrace (103.49). No daily 3LB changes (reversal is 106.41).
SILVERBullish long day. Still above all SMA's. Midpoint below EMA(10). No test 0.0% retrace. Tested and held upper trend line. No daily 3LB changes (reversal is 36.05).
60 comments:
http://finance.yahoo.com/news/Starbucks-raises-prices-on-apf-3699200249.html?x=0&sec=topStories&pos=7&asset=&ccode=
Starbucks raises prices on packaged coffee
..Better hurry up Lefty, I hear they are increasing prices on Underoos next week...cost-push, we love you!
CV, I'll be doing the same thing as you Sunday afternoon....
"JBTFD" or "Intervention" now mean the same thing. Is that the truth, or what?! thank you, AR.. I didn't want to relive the day but that phrase made it worth it : )
Ben!! you gotta read p.38 in this week's Rolling Stone. Column 3 is fantastic.. maybe i can find a link and post it..
RE: Charlie Sheen.
"Let's put his one-of-a-kind career into historical perspective. He came up at the same time as Tom Cruise, when they were the new beady-eyed beefcake bros in town. They both played Vietnam vets in Oliver Stone movies. They both seemed like likable lightweights: not too bright, but desperate to be taken seriously. One of them grew up to be batshit-loco Cocoa Puffs. The other turned into Charlie Sheen."
http://www.rollingstone.com/culture/news/charlie-sheen-as-american-as-apple-pie-20110316
http://money.cnn.com/2011/03/18/real_estate/florida_vacant_homes/index.htm
Nearly 20% of Florida homes are vacant
"In Florida, the worst-hit county is Collier -- home of Naples -- with a whopping 32% of homes empty. In Sarasota County, 23% of the housing stock sits vacant, while Lee County (Cape Coral) has a 30% vacancy rate. And Miami-Dade County has a vacancy rate of about 12%."
http://money.cnn.com/2011/03/18/news/economy/rising_prices/index.htm
NEW YORK (CNNMoney) -- Look out! From Huggies diapers to Nike shoes, Americans are about to get less bang for their buck on some of the biggest brands.
This week, paper-products maker Kimberly-Clark announced plans to raise prices on diapers and toilet paper later this summer. Nike said it would increase prices on their shoes. And food companies Kraft, Smuckers and Heinz recently announced price hikes on some of their brands.
"The increases are necessary to offset inflationary pressure from higher raw material and energy costs," Kimberly-Clark (KMB, Fortune 500) said in a press release.
...This fellow has turned out much worse than I figured he would. I am old enough to remember Jimmy Carter and Arthur Burns. Before this fellow is finished, he's going to make Carter look like Abe Lincoln...
http://www.latimes.com/business/la-fi-home-sales-20110318,0,7766447.story?track=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+latimes%2Fbusiness+%28L.A.+Times+-+Business%29
California housing market slump persists through February
LA Times03/18/2011 07:31 AM
FRANKFURT (Dow Jones)--European Central Bank President Jean-Claude Trichet said Friday he will "be thinking deeply" about the impact of Japan's nuclear crisis on the world economy in the coming days, as the ECB considers raising its main interest rate.
...I think anyone with half a brain can translate this headline...
My morning headline: Western powers launch airstrikes on Libyan military forces
03/19/2011 10:56:41 AM
knut died! http://www.spiegel.de/international/zeitgeist/0,1518,752006,00.html
(AP:SHAFTER, Texas) A highway sign proclaims "Shafter Ghost Town," and on either side of the two-lane blacktop are ruins of stone and adobe structures amid a handful of houses.
About 70 years ago this patch of West Texas desert was home to a bustling community and one of the nation's most reliable sources of silver. That all began to wither in 1942 when a wartime work force shortage and plummeting silver prices forced the Presidio Mine to close and hastened Shafter's demise.
Today, a Canadian company is reviving the mine to take advantage of silver prices that have tripled since 2009, giving the few dozen residents still living in the area more action than they've seen in decades. The mine will return significant metals production to Texas for the first time in many years.
"No doubt the price of silver makes this a viable project," said Sandy McVey, the project manager for Vancouver-based mining firm Aurcana Corp., referring to prices that have spiked to more than $30 an ounce. "And we need to get this mine up and running fast before the window of opportunity closes."
The Rio Grande Mining Co., acquired by Vancouver-based Aurcana Corp. in 2008, is building roads and installing underground equipment. It expects to begin producing 800-pound silver bars by the middle of next year. Production is estimated at 3.8 million ounces of silver annually _ about half the amount the nation's largest single silver operation, the Greens Creek mine in Alaska, produces now. Idaho and Nevada are also major silver mining states.
A groundbreaking last month at the site 190 miles southeast of El Paso may have been the biggest event locally in a couple generations. The last high point came in 1971, when film director Robert Wise, who directed "The Sound of Music," used the mountains and ghost town of Shafter for scenes in the science fiction thriller "The Andromeda Strain." Generally, humans are few and far between.
The original mine opened in 1880, and in 1943 Shafter was home to 1,500 people. It once had a post office, a school, two saloons and a dance hall but now only has about 60 residents.
"There used to be a restaurant here, probably before 1980," said Patt Sims, a retired school teacher who has lived here since 1976. "One cook, one baker, one entertainer, one waitress. They got tired of working 80 hours a week."
The new project could employ as many as 180 people. A feasibility study published last year suggested oil field workers could be hired from nearby Presidio and Marfa. Another source of manpower is Ojinaga, Mexico, a town of about 20,000 across the Rio Grande and famously occupied 100 years ago by Mexican revolutionary Pancho Villa...
http://news.ino.com/headlines/?newsid=68977267738581
ibid.
Automakers Feel Worsening Effects of Japan Crisis
March 19th, 2011
Just in time… Your what hurts?
Via: AP:
A week after the disaster in Japan erupted, its impact on automakers around the world is worsening.
Most of Japan’s auto industry is shut down. Factories from Louisiana to Thailand are low on Japanese-made parts. Idled plants are costing companies hundreds of millions of dollars. And U.S. car dealers may not get the cars they order this spring.
If parts factories in Japan stay closed for several more weeks, dealers and manufacturers will feel deepening effects: fewer cars, diminished revenue and frustrated customers.
Analysts say it’s too early to calculate the cost to the overall industry. But Goldman Sachs estimates the shutdowns are costing Japanese automakers more than $150 million a day.
Posted in Collapse, Economy | Top Of Page
One Response to “Automakers Feel Worsening Effects of Japan Crisis”
tochigi Says:
March 19th, 2011 at 1:20 pm
it’s a combination of JIT and too much outsourcing to too few suppliers. one would have thought these manufacturing-logistics brains would have learned from the Taiwan earthquake a few years ago. but no. no one wants to cut into their own juicy profit margin and build in redundnacy/risk diversification.
let me just say one word that will be relevant for future reference:
C-H-I-N-A.
http://cryptogon.com/?p=21300
ibid.
'Liberty Dollar' Founder
Convicted On Federal Charges
By David Forbes
Blogwire Mountain Xpress
3-19-11
Liberty Dollar founder Bernard von NotHaus was convicted today on federal charges in Statesville. The case has local implications, because Asheville Liberty Dollar head Kevin Innes also faces trial. Innes has asserted that he is innocent of any wrongdoing, and sought local support.
Full announcement from the U.S. Attorney's office below:
STATESVILLE, NC - Bernard von NotHaus, 67, was convicted today by a federal jury of making, possessing and selling his own coins, announced Anne M. Tompkins, U.S. Attorney for the Western District of North Carolina. Following an eight-day trial and less than two hours of deliberation, von NotHaus, the founder and monetary architect of a currency known as the Liberty Dollar, was found guilty by a jury in Statesville, North Carolina, of making coins resembling and similar to United States coins, of issuing, passing, selling, and possessing Liberty Dollar coins, of issuing and passing Liberty Dollar coins intended for use as current money, and of conspiracy against the United States.
The guilty verdict concluded an investigation which began in 2005 and involved the minting of Liberty Dollar coins with a current value of approximately $7 million. Joining the U.S. Attorney Anne M. Tompkins in making today,s announcement are Edward J. Montooth, Acting Special Agent in Charge of the FBI, Charlotte Division, Russell F. Nelson, Special Agent in Charge of the United States Secret Service, Charlotte Division, and Sheriff Van Duncan of the Buncombe County Sheriff,s Office.
According to the evidence introduced during the trial, von NotHaus was the founder of an organization called the National Organization for the Repeal of the Federal Reserve and Internal Revenue Code, commonly known as NORFED and also known as Liberty Services. Von NotHaus was the president of NORFED and the Executive Director of Liberty Dollar Services, Inc. until on or about September 30, 2008.
....
http://rense.com/general93/lib.htm
ibid.
Obama's Brackets are doing pretty good...
http://sports.espn.go.com/ncb/tournament/2011/news/story?id=6234662
Libya? Economy? US Debt?... Eh... WTF cares?
The very definition of a 'useful idiot'...
Roll call for all those who believed in in this stooge... STAND UP & SHOUT!
http://www.youtube.com/watch?v=3f8nL_fmDCo
Brazilians protest against Obama's visit
http://news.xinhuanet.com/english2010/photo/2011-03/19/c_13787449.htm
I thought this was supposed to be SUPER MOON day & the planet was supposed to start spinning off into the universe or something...
Oh... I guess we're ALREADY IN the universe (as the case may be)...
So... Nothing to see here... Move along...
Nothing to see... UNLESS...
You're a Libyian jet fighter...
http://www.zerohedge.com/article/it-begins-france-commences-military-action-over-libya
or...
had WVU, or UCLA in your brackets...
BTW...
I have it by reliable source that Obama (vacationing in Rio), is keeping a close eye on things...
The "brackets" - NOT the Libyian situation...
So sleep tight!
Me, again.. just wanted to opine about rising food prices.. the 5-count bag of avos I buy at costco went up $1 in 7 days, now $7.99. and why i get imported from Mexico avos instead of from the groves in Escondido and Fallbrook a stone's throw away is beyond me.. The starbucks fr roast is now $19.99 (2.5lbs) and the 5 lb bags of Botan rice (product of USA!) I bought at Gelson's were $8.49 each.
On another topic, my son is impressed with Austin, "very very cool." He's at the SXSW and that's all I have heard. I just came in from 3.5 hrs of yard work.. bliss after last night's light rain. Relished a 2 hr low tide beach walk before that, so all in all, it has been a lovely day.
from twitter--Each Tomahawk cruise missile costs roughly $1 million. US launched 100+ against #Libya targets. You do the math.
@karen
Great karen...
Tell your son to do this (while he still has a chance to do so)...
http://www.youtube.com/watch?v=fQccK0F1_iY
I got a puppy this weekend... Her name is TYSON...
So I'm happy too...
You did!! pls send me fotos NOW! that was a big step.. I'm so excited for you.. except you should have named her Girlie. but TY is a good name. Just texted C.. crummy weather in Mammoth and they haven't been able to Cross Country.. to me that means rain?? haven't checked it yet.. what could be more fun than a blizzard or white out?
Fotos will be along shortly (but 'shortly', in CV's world - means a week or so)...
I still live in the 'smoke signal' - 'carrier falcon' age)... I swore off CELL FONES over 3 years ago [so you can imagine I don't have immediate foto capabilities]...
A 'boxer'... purebred... The only name OFF LIMITS was "Barbara"... I ended up going with TYSON... You figure it out...
9 weeks old... She's spent half the time sleeping on my chest, the other half chewing on my finger (and an unaccounted for 1% of the time peeing on the floor)...
PS... i'd be happier if my 4 nights without son weren't being spent alone! and I can cook, too!! it's quite comical really. i awoke to rain and my fountain running under the olive grove this morning.. i slept in and made myself a to-die-for cup of coffee when i finally did drag my lazy bones from my luxurious sheets. It's probably time to eat something..
Boxers are very expressive with their faces!! Also, "Boxers are playful, affectionate, friendly, headstrong, and high-energy. They remain loyal, loving and obedient to their masters. "
Nicola
What if the supermoon event is not another earthquake but another GoM oil spill? $WTI http://exm.nr/ebxZP2
So far so good with the...
"Nothing significant having happened on the SUPER MOON"...
Please HAJ... Let's keep it that way (fingers crossed)...
I'm pretty sure MOST could do with a moment or two of pause (if only to catch their breath)...
Especially those in Japan & MENA (& of course, Obama, vacationing in Rio and 'worried sick' that his brackets are going to do worse than CV's)...
ror
also... (10:45)
All true... thus far... :-)
BTW.. the avos used to be $4.99 for 5.. so are they going up a dollar a week ?? This is beginning to seem very Weimar-ish.
I wish I could share the email foto I received from an Exxon station:
Self CASH
Regular: LOL
Plus: OMG
Premium: WTF
WE PROVIDE ON SITE HOME REFINANCING TO HELF OUT WITH GAS PURCAHASES
@karen
Did you get the link I posted a week or so ago on WEIMAR?...
It was a paper written in 1974...
Frankly - My point in referencing it WASN'T hype & hyperbole... But INSTEAD - to reference an intellectual piece, an in depth historical account & IMO (WELL WRITTEN)...
The bottom line was that the 1914-1923 period seemed to be NOTHING like inflation... It was really only the last few months of the final year that it all flared up into a bonfire, then was basicallt remedied overnight...
Much of the thesis was that the phenomenon had less to do with DEBT, than it had to do with FAITH (in the currency)... [Reichmark - which became the Rentenmark]...
I think the LINK to that article was in my post last Saturday... Which was basically WHY... I didn't post a thread for this weekend...
There were ZERO acknowledgements to that post (or its contents)... So at this point I figure... Why bother???
So this week it was either...
- More bad news on Japan's Nuclear Fallout
- Libyian "no fly zones"
- Inflation (which NOBODY on this blog will acknowledge)
- Obama's Brackets (while vacationing in Rio)
Or... NOTHING...
I chose "NOTHING" (& hanging out with my new puppy) :-)...
Yup I was right...
Here's the link (from last weekend)...
Interesting read, anyway...
Dying of Money
Lessons of the Great German and American Inflations
Jens O. Parsson
(1974)
http://www.delanion.com/main/dom.htm
I remember it and I skimmed it!! give me a break..
ok then...
break granted... (CV decrees!)... ror
Sorry CV. Super Moon strikes again.
http://tinyurl.com/4oy4tmo
Possible New Oil Spill 100 By 10 Miles Reported in Gulf Of Mexico
Independent pilots, including John Wathen of the Waterkeeper Alliance, and Bonnie Schumaker with Wings of Care, are currently flying out to investigate the spill. Schumaker reports having seen the sheen on Friday, March 18, and confirms that it is rapidly expanding.
A Louisiana fisherman, who has chosen to remain anonymous at this time, also reports fresh oil coming ashore near South Pass, LA, and that cleanup crews are laying new boom near the beach.
The site of the sheen, near Mississippi Canyon 243, lies 30 miles from the Louisiana coastline. The Matterhorn field, at a depth of 2,789 feet (850 meters) of water, was discovered in 1999, leased and permitted in July 2001, and came into production in November 2003. It is located 30 miles SE of the mouth of the Mississippi River.
According to W&T, the field has produced an average rate of 5,200 barrels of oil per day, and has production capacities of 35,000 barrels of oil per day.
@Amen
That was Waddell & Reed, not Supermoon...
Waddell & Reed on SuperMoon is like the new... Walking under a latter indoors while opening up an umbrella and breaking a mirror with a black cat crossing your path on Friday the 13th...
cv--
"...the phenomenon had less to do with DEBT, than it had to do with FAITH (in the currency)..."
is the point that most don't 'get' re: hyperinflation(s)..
it's the major problem with having a 'faith-based' Currency (Fiat) ..
AAIP
Looks like Obama is going to have to skip the back 9 and go kick some more ass...
@Amen
was 3-19-03, when Bush started the war with iraq, a supermoon too?
Or is Obama (Bush III) sending B-2's & 120 cruise missles into Libya on 3-19 just a coiuncidence?
>> "JBTFD"
Per a ZH commentator, we should now use: "BTFBS".
That could mean either:
- "Buy the Fucking Black Swan" (as per the original comment)
or
- "Buy the Fucking Bull Shit" (as per a follow-on comment)
"Taxes are a curb on future price inflation."
-Palyi
Since Obama/Dems elected to extend the Bush tax cuts and might even lower corporate taxes further as a expansion of the dominant Reagan-Keynesian economic policies, we should see even more dollar devaluation.
>> foto I received from an Exxon station:
LOL. Good one, Karen.
At the moment, the Exxon sign is the first image here:
http://www.funnyfunnysigns.com/
At the moment, the Exxon sign is the first image here:
http://www.funnyfunnysigns.com/
Bruce,
Clinton and, especially, Dubya handed Obama a bag of shit that stank as bad or worse than the bag Johnson/Nixon handed to Carter.
Except Carter seemed to do a better job. Obama is merely continuing almost all of Dubya's policies.
@wunsa
"Clinton and, especially, Dubya handed Obama a bag of shit..."
Well that was one of my points from the very beginning...
Any "thinking person" knew, much prior to 2008 that they were going to be handed a steaming pile...
So I think Obama is a colossal idiot for having run for President to begin with...
There's no fixing this mess. Is there, CV?
From NakedCapitalism:
http://www.telegraph.co.uk/news/worldnews/asia/japan/8392549/Japan-crisis-Theres-no-food-tell-people-there-is-no-food.html
not sure if you all saw this:
AT&T to buy T-Mobile USA in $39 billion cash-and-stock deal
03/20/2011 02:58:05 PM
That's a huge merger.
That'll hurt the price of T on Monday I think...
Finished that huge job in the pasture and the assorted winter limbs.
Turned over the garden plot.
Another war. Peachy.
http://www.bloomberg.com/news/2011-03-20/advanced-nation-debt-ratio-to-top-100-lipsky-says-correct-.html
"The mounting debt burden of the world’s most developed nations, set for a post-World War II record this year, is unsustainable and risks a future fiscal crisis, the International Monetary Fund’s John Lipsky said.
The average public debt ratio of advanced countries will exceed 100 percent of their gross domestic product this year for the first time since the war, Lipsky, the IMF’s first deputy managing director, said in a speech at a forum in Beijing today."
NSS!
At some point, the central bankers will forgive each others' debts, erasing the bulk of debts on each nations' books.
On the one hand, the sudden discovery what we're not so in debt as we had supposed might be considered hugely bullish -- because now every nation can continue taking on new loans.
But, on the other hand, you know what won't be erased? The debts owed to the plutocrats! So, a greater portion of each nations' production will inure to the benefit of the wealthy.
Comment from "Mark McGoldrick" here:
http://www.zerohedge.com/article/guest-post-return-precious-metals-and-sound-money
-----------------------
Do you want to know the biggest potential scam of all time?
The plutocrats take America off the gold standard. Money (otherwise known as public debt) is wantonly printed into the tens of trillions to serve the plutocrats and their sphere of friends. Aggregate public debt is racked up into the hundreds of trillions. Everyone panics and starts buying gold. Then, rather than all the debt going up in smoke, the plutocrats take the US dollar back to the gold-standard (as libertarians want), so that all the debt - its interest and dividends - get anchored into the "world's currency" and continue to get paid to the plutocrats forever and ever. Hilarious!
Tethering the US dollar to gold at this stage in the scam, keeps our debts alive forever. Or it will crash gold to zero. And THAT is the great irony of the libertarian drive to bring the gold-standard to the US dollar. It would keep the fucking game going forever.
Here's some advice: do NOT advocate putting the US dollar on the gold-standard, when the US dollar represents hundreds of trillions in debt.
-----------------------
oil 102.70 tonight...see you guys in the am..
stagflation...means never having to say you're sorry....
I'm getting hit with another storm.. not a blizzard but rain and wind.. watching futures..
k-
this place, in Tahoe..
http://www.skialpine.com/mountain/snow-report
Closed, too much Snow..
AAIP
URGENT: Cooling system pump stops at Tokai nuclear power plant: fire dep't
TOKYO, March 14, Kyodo
The Fire and Disaster Management Agency said a cooling system pump stopped operating at Tokai No. 2 Power Station, a nuclear power plant, in the village of Tokai, Ibaraki Prefecture.
==Kyodo
http://english.kyodonews.jp/news/2011/03/77481.html
Posted: 9:42 am PDT March 19, 2011
Updated: 3:45 pm PDT March 20, 2011
SEATTLE, Wash. -- Thousands of U.S. military and Department of Defense personnel are being voluntarily evacuated from Japan to Seattle and Joint Base Lewis-McChord following last week’s earthquake and tsunami.
The USO confirmed Friday that 15,000 U.S. personnel and their dependents will be hosted at USO centers at SeaTac and JBLM in the coming days. The evacuation is part of the U.S. State Department's voluntary evacuation of U.S. personnel following growing concerns at nuclear plants in Japan.
About 6,700 people are expected to arrive at SeaTac and 8,000 at Lewis-McChord, the USO said. The USO centers will act as a hub for military support.
The News Tribune reported that about 240 military members and their families evacuated from Japan arrived at Sea-Tac Saturday morning, the first of a wave of several thousand expected to arrive in the Puget Sound area this week.
"There’s about 190 children and 50 adults who just passed through customs," said Don Leingang, executive director of the local USO, which is helping feed the arrivals and help the to connecting flights. "It's pretty eye watering, if you really want to know."
Leingang told The News Tribune that the next flight is due Monday.
The USO is seeking donations as they plan to support an influx of people in the coming days. Donations can be made online at www.usopsa.org.
The USO said about 200,000 U.S. personnel are being evacuated from Japan to U.S. West Coast cities including San Diego, San Francisco, Los Angeles and Seattle/JBLM.
Copyright 2011 by KIROTV.com.
http://www.kirotv.com/news/27248974/detail.html
that is something.. anon at 11:38..
dying of money -
bookmarked it. too much going on: back to work 6 weeks post-shoulder surgery, p.t. regimen, kiddoh's 21st birthday bash, garden turning and seedling starting. as k said, give us a break (whinging, as lb would say)
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