We're having stunning weather here in Texas, but my mind was still on markets enough to come up with the following Sribd Document for your enjoyment. Ha.
Silver, Oil, DXY and SP500 are covered here.
Bottom Line: Silver and Oil both look good for a little more upside. Silver's objective is $37-38 with good support (Stop Loss level) at $34/oz. WTI's objective is $110 with good support (Stop Loss Level) at $102.75
Other than the fact that the Middle East is in chaos and Oil Fields could be exploding for the remainder of the year, the next best topic last week was: How crazy is Charlie Sheen?
If you haven't seen the great Charlie Sheen Interview, it's a must watch here.
The best parody I've seen so far is this Jimmy Fallon commercial....enjoy.
23 comments:
When Charlie says he's "tired of pretending I'm not special", perhaps that's because the CBS producers have been telling Charlie for years something like "don't ask for a bigger piece of the pie, because you're not special".
I think a lot of his behavior can be explained by bottled up frustration -- and indignation that people want to judge him negatively for having a good time.
The one thing I didn't like was his response to the ABC reporter's question "how would you feel if someone OD'd at one of your parties?" He said "what does that have to do with me?" Well, if you're creating an environment where people are encouraged or expected to take drugs, their welfare is at least partially in your hands.
Much better interview...
http://www.youtube.com/watch?v=1sfcTlHJgxE
The first part of the interview from above...
http://www.youtube.com/watch?v=Lo6S6MGG0yM
ireland, no iceland
('tis sad, but no surprise there. tiny bollix, someone said.)
the irish are soooo fooked.
independent.ie http://tinyurl.com/5ufpytb
Sunday March 06 2011
"The Fine Gael/Labour coalition Government is to implement in detail the outgoing Government's four-year austerity plan as approved by the EU-IMF, the Sunday Independent can reveal.
"In what will amount to the most barefaced breach of election promises ever perpetrated by an incoming Government, the coalition partners' programme for government will cause uproar when it is published today.
"While an attempt will be made to dress up the programme as a new plan by a new Government, when it is analysed it will be seen for what it is -- the continuation of the economic policies of Fianna Fail and the Greens, virtually in minute detail, as laid down by the EU-IMF."
Good Evening!! Was off the net for the weekend.. Watched (The Great) Gustavo Dudamel conduct the LA Philharmonic at the impressive Segerstrom's Concert Hall yesterday.. Concert was magnificent (3 composers featured: Webern, Takemitsu, and Bruckner.) Was thrilled to learn that Wicked would be at the Center for a month beginning next week so I will finally get to see it..
Next, was Season's 52.. packed restaurant at South Coast Plaza.. 2 hour wait!! packed! did i say that already? people with their shopping bags.. No recession apparent in that place.. So I gotta rethink everything.
Tonight's homework is to see what made a new high first Copper or crude, a few years ago.. if it was copper, than I think crude has A LOT farther to run.. Gold, too.
http://www.bloomberg.com/news/2011-03-06/prada-shuns-milan-for-hong-kong-as-ipo-signals-economic-shift.html
Another HK IPO....
wicked tix going fast, e.g., only 31 left for friday, march 18
sorry if this was already posted:
http://economistsview.typepad.com/economistsview/2011/03/when-alan-greenspan-was-nearing-the-end-of-his-time-as-chairman-of-the-federal-reserve-system-there-was-a-celebration-of-h.html
anon at 9:19.. i hope that is not true : (
this is so outrageous and from FOX so hopefully not true also:
http://www.foxnews.com/health/2011/03/03/fecal-matter-72-percent-grocery-carts/
karen
This line had me LMAO:
"Applying a range of analytical and historical lenses, and data-sifting techniques, Greenspan concludes that the primary cause of the malaise is the exceptional level of government activism during the past two years."
@Karen.
I heard that on some talk radio show this weekend. I think there's some truth the fecal matter action in grocery carts.
Think about how many kids you see those things...
Bottom Line: That hand sanitizer they offer you at the entrance of most grocery stories nowadays? Use it.
in re: Sheen.
Yeah, I took some offense that OD line as well...
But, here's the deal with this guy....
He has mental health issues. He's definitely suffering from some sort of manic-depression or mild schizophrenia.
I have a very close family member who suffers from bi-polar disorder. A lot of that interview reminds of a person in a manic phase.
So, a (small) part of me actually feels sorry for this guy on some level. His mind is clearly "off" a bit.
Gold 1437+, silver 36.34 and rising, oil 106.14 and rising. Up, up and away in my beautiful balloon...
Andy T
Thanks for the charts. Silver, gold and oil will probably continue higher until MENA settles down. Then after a week of sideways trading continue higher some more.
Yeah. Silver and oil up nicely...
For what it's worth, they didn't really open much higher...there was a chance to buy some in the first 30 minutes of the overnight session.
Leftback had a good weekend....Liverpool trounced Man United.
from ZH:
One of our key predictions from early this year has been that Goldman Sachs' formerly crack economic team (and now considered by some to be nothing but a propaganda team on crack) will in the coming weeks and months materially downward revise its dramatic economic upgrade from early December, which ended the firm's skeptical stance on the US economy, and launched it into all out Kool-Aid mode on nothing but one-time adjustments courtesy of a last gasp attempt at fiscal stimulus.
http://www.zerohedge.com/article/goldmans-hatzius-launches-pre-emptive-mea-culpa
Andy T
Only silver had a real gap higher (body and shadows gap). Last time it did this was in Nov 09 and the gap was closed 16 days later. Somehow, someway the institutions with large short positions will get their way. Or they will payout an insane amount of cash to settle positions.
people forget how 'little' the 'MMod Markets, really, are--esp. compared to 'Equity' and, moreso, 'Debt' Markets..
w/that, they a scant appreciation for how high those ('MMod) Markets can go..
on one facet, peep better hope that the 'stories' floating around, about Wheat, aren't 'True'...
if so, we could see U$D ~14/bu., in a hurry, and that Pasta you've been seeing 'on Sale' @ 10 for U$D 10, will, too soon, be U$D 1.99/lb.
AAIP
http://www.nytimes.com/2011/03/01/science/01angier.html?ref=science
Natalie Portman, Oscar Winner, Was Also a Precocious Scientist
a must watch
http://www.forbes.com/2011/03/04/steve-forbes-richard-lehmann-intelligent-investing-video.html
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