Hello All,
Looking forward to the short week ahead. We'll be camping with friends for Thanksgiving, which is far and away the best Holiday of the year. There's no pressure...no stress....just family, friends and food.
S&P500 is looking pretty punk, but this should only be the b-wave of a triangle. So, get ready for choppy/grinding stuff lower. I remain 20% of Max Short on the S&P500 and have now lowered my stop from 1296 to 1260. This is a market that looks headed for 1154-1160 in the next few weeks.
Market Commentary 20NOV11
Addendum:
Why do I get such great satisfaction watching Bob Stoops LOSE? Maybe it's his extreme smugness and arrogance. Maybe it's the sourpuss/dour look that's always on his mug. Maybe it's the fact that he never takes the blame for any loss. In his postgame interview he made comments like..."they out-executed us....when we get spread out on defense like that, we need guys to make plays...they executed...we didn't."
Note the nuance to that kind of commentary. What he's really saying is: "My cornerbacks got beat. They didn't play well."
What was missing from his comments was any blame for play calling, game management, defensive schemes not working well, preparation, etc, etc. They're underpaid amateur athletes Bob....
"C'mon Man!"
Disclosure/Warning
This blog should not be interpreted as investment advice of any kind. The authors are NOT representing themselves CTAs or CFAs or Investment/Trading Advisor of any kind. The authors may or may not trade in the markets discussed. The authors may hold positions opposite of what may by inferred by this blog.The information contained in this blog is taken from sources the authors believes to be reliable, but it is not guaranteed by the authors as to the accuracy or completeness thereof and is presented here for information purposes only. Commodity trading involves risk and is not for everyone.
18 comments:
This idea makes sense to me:
http://www.businessinsider.com/intelligence-is-more-important-than-working-hard-2011-11
I actually don't know any really rich and/or successul people who are "dumb," or are intellectually challenged in anyway.
Some are smarter than others...but it seems axiomatic that to be rich/successful, you have to be of an above average intelligence.
Just sayin'.
Tiger is back. Finally!
but, but, most americans in all 57 states are lazy, sez our fearless leader, well, it's ok cuz we're probably not the only lazy ones in this world... Hard-Working Italians vs Lazy Germans
hey, check out this 18 YO, singing one of my fav's bands songs when she was 16... good life not to shabby, she even has original songs on iTunes and her own store... wow
thx for the SPX update AT, you've been spot on lately!
I
N
D
ØBAMA
L
E
N
T
A
M
E
R
I
C
A
N
S
Anyone ever see anything like this?
potential to receive 8% annual income with capital protection
Under their requirements... in 6 years you just might walk away with the $$$ you started with.
Is it me or did Bloomberg and CNBC Asia change their programming on Sunday nights so we can't keep up with EU carnage?
Ra, noticed it here on the Big Island but thought is was programming due to we're like way out in the middle of the pacific.
now on CNBS they're showing a program about growing meat in a lab, not on the animal, but they're still years away from doing that...
Hang Seng down 1.8%
AmenRa,
I've noticed that, before, during previous periods of 'Market Uncertainty'...
Futes are off/down, so far..
Gold ~1700
'Liquidity Contraction' seems to be the Action..
(has been for the last couple of Days, as well)
AAIP
also, in NFL/WWF 'News'..
Philly, playing the NYGiants, needs Win, or will be Cracked--out of the 'Playoff Picture'..
LSS: Philly pulls 'Upset'..
AAIP
If by upset you mean only allowing 29 yards rushing then yeah.
They weren't 'booing', they were chanting...
"Michelle!... Michelle!.."
---
http://news.yahoo.com/michelle-obama-dr-jill-biden-draw-boos-nascar-232438819.html
Friggin Marie Antoinette better take care to stick closer to her posse...
TRENTON, N.J.—After years of pressure from many activists, personal care giant Johnson & Johnson finally reformulated its flagship baby shampoo without the use of formaldehyde-releasing preservatives.
Johnson & Johnson issued a response letter, dated Nov. 16, 2011, stating: “… last year we completed the removal of phthalates, including phthalates in fragrances, from our baby products. We also have begun providing new formulas with alternatives to formaldehyde-releasing preservatives and expect to finish this process in our hundreds of baby products around the world within about two years, and sooner for our baby shampoos. We also are well along in work with our global suppliers to require them to use state-of-the-art technologies that reliably reduce traces of 1,4-dioxane to <1 to 4ppm, and most now meet this standard. Even as we complete this changeover, we continue to search for new alternatives that do not produce 1,4-dioxane during the manufacturing process, and this is our long-term goal."
Two years ago, The Campaign for Safe Cosmetics slammed the company for its flagship baby shampoo for its use of a formaldehyde-releasing chemical; yet the company continued to produce its Johnson’s Baby Shampoo in the United States, Canada and China with the chemical ingredient, according to a new report from the Campaign, “Baby’s Tub is Still Toxic."
“We’re glad to see that the Johnson & Johnson is taking this seriously. This commitment is a big step in the right direction. We look forward to the day when we can tell consumers the company’s entire product line is free of carcinogens and other chemicals of concern," said Lisa Archer, director of the Campaign for Safe Cosmetics at the Breast Cancer Fund.
http://www.insidecosmeceuticals.com/news/2011/11/johnson-johnson-cleaning-up-baby-products.aspx
ibid.
AmenRa,
yes, I hear you...though, to me, no matter "How?", the outcome wasn't in, much, if any, doubt..
The Chinese have now told us we are in a chronic global recession and it is every man for himself:
http://www.reuters.com/article/2011/11/21/us-china-usa-economy-idUSTRE7AK0BD20111121
"Wang said an "unbalanced recovery" may be the best option to deal with what he had described on Saturday as a certain chronic global recession, suggesting Beijing would bolster its own economy before it worries about global imbalances at the heart of trade tensions with Washington.
"An unbalanced recovery would be better than a balanced recession," he said at the annual U.S.-China Joint Commission on Commerce and Trade, or JCCT, in the southwest Chinese city of Chengdu."
...He's not talking about an unbalanced recovery in America buddy...
See what happens to the market when the Eagles win :-)
Time for the daily bounce now that European markets are closed. If no bounce then make sure KATHERINE is on speed dail.
@Andy @Amen...
Hey - Could either (both) of you do 3lb & wave charts on NATTY?
I'd be interested in seeing the chart go back actually a fairly decent time (basically to EARLIER than 2008 - &/or whatever seems "key" to your eye when you consider that timeframe...
So basically, if you use WEEKLY candles (or even MONTHLY, that would be fine)...
cv
desean jackson....what a douche
Love that 1154-1160 target area. More or less a 61.8% retrace of the move up from 1075.
I think we get there next Monday/Tuesday. After a silly rally....
will try to take a look at natty gas. tough market to chart due the the massive time decay and lack of storage, etc....
NEW YORK (MarketWatch) -- The trustee overseeing the wind-down of MF Global Holdings Ltd.'s brokerage said more than $1.2 billion in customer funds could be missing from the failed firm, more than double the original estimate of missing cash.
Trustee James W. Giddens also said in a statement Monday that he does not have access to funds beyond $1.6 billion already on hand and is "very close to exhausting the funds under his control." Giddens said restoring customer accounts to 60% of their value--a previously announced goal--would require as much as $1.6 billion.
That next step still requires approval of the bankruptcy court and should occur in early December, Giddens said.
Regulators had previously said that approximately $600 million of funds in segregated accounts owned by former MF Global customers was unaccounted for at the time of the firm's bankruptcy filing on Oct. 31.
Giddens also said efforts to collect other funds from U.S. depositories is continuing "around the clock," but the recovery is complicated by assets located in foreign depositories. Recovery of such assets could take more time, Giddens said.
Giddens has estimated that he is overseeing about 38,000 customer accounts, but that number--and how much money those accounts contain--has been fluid as the trustee has scrambled to sort through the brokerage's records.
http://www.marketwatch.com/story/mf-funds-shortfall-could-top-12-bln-trustee-2011-11-21?dist=countdown
AT,
were your acquaintances, that moved from MF Global before the BK, relieved?
ibid.
Post a Comment