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Daily Divergence Dementia Update: Crazy Pills Time
WTF is going on here? Did someone feed booze to the collocated computers? Someone smarter than us please explain this.
Update 1: Let's see where this goes:
Update 2: And now, crazy pills for everyone
Update 3: Someone is blowing up right now
»
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To the moon!
It's 401k Monday (duh!), correlations go bananas (disconnect) on Mondays ... go back to sleep, nothing to see here.
I am getting concerned about the exogenous economic shock though. I thought for sure it would happen in September (murphy's law) but so far no shock.
Will the NYC bridge fire cause the HFTs to shut off as their masters scramble for north bound transportation?
The HFTs are all physically based in Kansas City, Austin and Chicago, so whatever happens in NYC should be of no consequence to them.
All is well! Our problems are solved! There is no deficit. There is no debt. Bliss!!!
http://www.youtube.com/watch?v=mq5pLi0huhw
On a more serious note, anyone getting short before we hit 1200 on the S&P is nuts.
I've adopted Buzz Lightyear's trading strategy, with amazing results.
"TO INFINITY - AND BEYOND!"
Krugman has just released a statement on this matter:
http://fascistsoup.com/2010/09/20/paul-krugman-on-the-hangover-theory-austrian-economics/
"It is clear that we have not hired enough ditch diggers and window breakers.
By continually printing money, smashing windows, and then spending the newly printed money on repairing those broken windows, we can eliminate market divergence."
Nice try, but that concept is both easier to understand and more intelligent than most of the porcine sputum put out by Krugman.
Stocks, bonds, gold, oil all higher. Up, Up and away! Woot!
Try calling Mr. Liesman Tyler I am sure he has the answer you seek.
Man versus Machine: http://www.cnbc.com/id/38343584/
Who's worse than CNBC?
HuffPo readers discussing CNBC. Rick Santelli, to be specific.
http://www.huffingtonpost.com/2010/09/20/rick-santelli-i-sparked-t_n_731249.html
I'm not even sure why I click on HuffPo. Bashing the one person on CNBC who represents the common man...
Duh, more buyers than sellers. Sheeeesh. Try watching CNBsC.....maybe you'll learn something.
:0/
The incremental compounding of insanity soon becomes the new normal. The magic is in the compounding, assuring an escalation that will make the head spin.
The steps towards full bore fascism in Italy were slow but accelerating during the 1930's. The last few years before the world tipped into full scale war are mind boggling when viewed from a distance.
Which brings up my next point. When your nose is touching the TV screen, it's all just a blur. Pull back and be ready to be horrified. The control system encourages the micro view, where one can only digress one of a hundred pieces of info at a time, with the rest consigned to the trash can because the information flow is way to fast to absorb. We all need to pull back and see the big picture.
Or should I say you average Joe needs to pull back. On the other hand, I think Joe knows that if he pulls back, he won't like what he sees. Thus he stays glued to the micro view. Easier on the emotional outlook.
It's all the fault of gold. There are market participants who are blinded by its blazing light. They are wandering around dazed and confused. It will settle down and they will go toward the light -- in more ways than one.
In order to remove the horror of this social problem, we need to relieve those poor souls of their gold and then their access to information concerning gold.
Planning over. Step up phase over.
Implementation commencing within days.
/snicker/
Sold all of mine for cash when it hit a record high.
I swear I did officer.
Will the Gold confiscation officers wear Gold badges?
Just askin'
Sweet. You reported that cash, right?
You guys are good...
I can always rely on the ZHrs for a good chuckle..(unlike the markets..)
Thanks..
Of course. I should also note that I used that cash to buy a nice boat for cash, which subsequently sank. The loss cancelled the gain. So sad...
Sat in on many an IRS audit. This actually works.
Cash disappeared - Lost it in a poker game in Reno. Good idea to go to Reno/Vegas whatever once in a while, just in case.
Cash appeared - Oh, that's a gift from my rich aunt Ellie in Switzerland/Bangladesh/Zimbabwe... Prove it ain't.
And you remembered to 1099 the buyer, right?
On the other hand, I think Joe knows that if he pulls back, he won't like what he sees.
Coming soon to a populace near you.....mandatory bong hits for all.
Don't bogart that joint my friend, pass it over to me. And the crack while you're at it.
The smell of cocaine is NEVER too clean! (or so I've been told!)
Please, can anyone recommend to me a good book on the rise of Fascism in Italy, and what it was like living in a Fascist state?
Just read the following daily.
The New York Times, The Wall Street Journal and The Washington Post.
IMHO there is nothing comparable to what's going on today and what's happened in the past other than the bigger picture. Life and society were so different then compared to now as to be different planets.
The key ingredient that was missing during the time of Hitler and Mussolini was the lip lock the fawning corporate press, aka the main stream media, has on the average person in America. The seduction is ongoing 24/7/365 and most people truly cannot see what's happening. The illusion is so life like that the very definition of "truth" and "real" has changed.
As much as people claim they don't believe what they're told, they're still glued to the mainstream media. One simply can't blindly watch and listen to the propaganda and credibly claim to be able to discern truth from fiction.
For anyone who doesn't get it one need only turn to "Empire of Illusion: The End of Literacy and the Triumph of Spectacle" by Chris Hedges. Title says it all doesn't it? Bread and circuses, then collapse. It's a depressing read. The only silver lining is that maybe, just maybe, in the next 20 to 30 years or so, after much chaos and destruction (i.e. death), humanity might find its way again for a short while before shoving its head up its own ass for the umpteenth time....
I think I get it, nevertheless, I just ordered it. Thanks.
Wasn't suggesting that you did not Hedgeless... I'm all over it but still thought I'd give the book a read. I like inflicting pain on myself. Welcome to the Age of Technological Medievalism.
"I think I get it"
you seem to know and get just about everything, why would you question this potential of getting it?
Better yet, read Hard Times by Studs Terkel circa 1970. Oral history of the US great depression 1. Best book on GD1 out there IMHO. Some of the early roots of where we are today. It is almost like reading the NYT circa 2010.
If that does not work there is a great book on Hitler's financiers which more closely resembles todays activities. The name excapes me now, I'll check my book shelves this PM to see if I still have.
Found on Google Wall Street and the Rise of Hitler by Anthony Sutton.
'We thought American business was the Rock of Gibraltar. We were the prosperous nation, and nothing could stop us now. A brownstone house was forever. You gave it to your kids and they put marble fronts on it. There was a feeling of continuity. If you made it, it was there forever. Suddenly the big dream exploded. The impact was unbelievable.'
- Yip Harburg, as interviewed by Studs Terkel in Hard Times (1970)
It works....beautifully, right up until it doesn't any longer. They we revert to huddling little children begging Daddy to tell us everything will be OK.
"Daddy, are we going to be OK?" Little Martha asked. "Don't worry little darling, I won't let anyone harm you" Dad reassured his daughter.
Seeking emotional comfort isn't just for 5 year old boys and girls. The more we wanted to believe the party will never end, the more we went out on a limb to buy the things we knew we couldn't afford, the more we'll seek emotional assurance we won't be harmed by our own folly.
"Don't you worry little darling, there's nothing under the bed. Here, I'll leave the door open a little, OK?"
While we might scoff at the notion that we're just frightened little children, we sure seem to be acting that way.
Turns out there WAS something under the bed, after all.
Don't look down here.
A good non-fiction book on the rise of German fascism would be "The Ominous Parallels" by Leonard Peikoff. He gives a good history of the ideas that led to the Nazi state, but the title is a bit a misnomer in that he doesn't discuss the US parallels much. Still, it gives you that big perspective CD was talking about. It's a quick read, unlike some other history books that try to give you every detail.
Fascism is fascism whether in Spain, Germany, or Italy.
Well, if anyone would know about totalitarianism/fascism, it would be Leonard Peikoff.
That said, I can't imagine why anyone want to read it.
A few pages about facism in Germany from
"They Thought They Were Free"
http://www.press.uchicago.edu/Misc/Chicago/511928.html
Powerful reading. I ordered the book, too. Thank you.
The problem with reading a modern, published book on life in Germany, Italy, or Japan during the 1920's and 1930's is that certain ideas about those times have become entrenched in canon and no variation will be permitted.
The very best thing to read is primary sources from the period. For instance, check out old issues of Time Magazine or peruse the archives of the New York Times (they're public domain and on the internet up to some year). Watch some German or Italian movies from the 1930's. Watch a (recent) documentary called "The Wonderful, Horrible Life of Leni Riefenstahl." Listen to Ezra Pound's propaganda broadcasts from Italy.
I once found a school textbook/pamphlet from 1930's Germany that was aimed at indoctrinating kids -- fascinating reading; fascinating to compare it to modern textbooks (which indoctrinate kids to leftist ideas like multiculturalism).
For Italy specifically, there are fictional movies like Fellini's "Amarcord." Problem with movies is they try to sell a point of view: movies from the time period would have been controlled by the fascist government, movies made since World War II are almost all made by political leftists. But movies can provide insights if you can read them correctly.
To that point, you can watch "Triumph of the Will" on youtube with English subtitles.
Watched triumph of the will for nazi germany class in college and read they thought they were free. Both are amazing pieces that really capture the underlying message. i dont know what is more frightening, the similarities between hitler and obama admin or the fact that 99% of americans can't recognize this or too lazy to even care
Speaking of timely books, try The Big Money, the third volume of the John Dos Passos "USA Trilogy."
NO ONE could lose money in the markets . . . until they did.
CD, I always enjoy this tidbits in your posts. You have a way of putting things in perspective.
Sausagemaker
I don't try to rationalize fiction. It's fiction and a tragedy at that.
Try to understand it is not the spoon that bends... it is you!
LOL
Shouldn't surprise anyone:
"NEW YORK (AP) -- Shares of Apple Inc. hit a new peak Monday on their long march higher, propelled by an analyst report suggesting iPad sales could boost the company's quarterly results ahead of expectations.
THE SPARK: Citing better-than-expected demand for the new tablet computer, Kaufman Bros. analyst Shaw Wu lifted his price target for Apple shares to $374 from $350"
OR:
CUPERTINO, Calif. (TheStreet) -- Apple(AAPL) will open up another front in its smartphone war with Google(GOOG) and Research In Motion(RIMM) when it starts selling the iPhone 4 in China later this week.
OR:
NEW YORK (TheStreet) -- Apple(AAPL) is gearing up for production of a smaller second-generation iPad to be launched in early 2011.
It's really not that difficult when you follow the 2nd largest company in the US.
Try typing a post without an Apple pump in it. No one cares.
Again, Mr. Internet Guy, I'm not pumping AAPL. The point is, you need not look any further for "strange" market moves when the 2nd largest company in the US that comprises a gigantic weighting in the SPX and NAZ is up 2% - again.
That's the point.
ZH should have two distinct sections: one that discusses economic data/news and one that discusses the market moves. Since there is no real correlation, I can't understand why everyone keeps looking for one. And, if there were a section only for market moves, one would only have to follow what AAPL does.
No pumping, just reality.
So, if Steve Jobs gets hit by a bus the entire financial system will tank.
Really?
Pretty much. AAPL drops 50 pts. SPX down 75-100. And the Nasdaq? Forget about it.
I think Harry is right.
There's an interesting scenario for chasing people into gummint bonds.
Pardon me, please and thank you.
AAPL does NOT need pumping by a Harry Wanger.
Carry on.
Jeezusfuckingchrist - I got it after the 20th post about AAPL
Thank god! Finally, someone sees the real picture. Kind of getting sick of pointing it out every time the dog cocks its head with that confused look and asks, "Why's the market up on such lousy news?"
AAPL. Me n Forrest Gump bot when Gil Amelio was fired.
apple manufactures an inferior products compared to it's earlier products. cause now they are so spread out trying to pick up the teeny booper crowd. they make products intentionally to break in about a year. that is probably why they choose ATnT. it is a plot. i just hate my iphone and no service in my area. with CU being full of the elite kids wasting their day trying to access internet 24/7. it is so depressing to me that i have bought into the apple hype. safari has to be the biggest piece of crap ever invented. why? can someone help me out. steve jobs is a jerk. a whiny baby, who thinks he is the puppet master. i am an idiot.
Huh, huh - you said "dog cock." That was cool.
Huh, huh - you said "dog cock." That was cool.
NYSE 56M shares traded @ 12PM, eh? Guys, put on the mother of all shorts, you won't regret it!
I hope your joking? Dow will likely close up nearly 200 points today!
On like seventeen shares traded?
Ask Mark
http://www.cnbc.com/id/15840232?video=1595503903
Hilarity ensues at 2:50.
Bullshit artists, all 3 of them. They admit there was zero job growth from the Bush tax cuts, and then they sit there and tell us we should continue them. Again the 400 best-off taxpayers only paid 16.6% of their income in federal income tax for 2007 (the most recent year available). The only thing that would make the 3 guests happy (who CNBC knew beforehand would give the answers they wanted, then played an obviously limp-wristed devil's advocate) would be if there was a machine that magically fed raw cash from the Federal Reserve in a tube leading directly up the ass of the CEOs of the Fortune 500.
'Limp wristed devil's advocate'
The kindest words ever spoken about Mark Haines. Tax take = 25% of GDP and rising, as Bob Doll pointed out. Whether its all Federal, or partial, is irrelevant, it still kills consumption. Imagine the problems if state and local taxes did not make up the difference, they'd be bust a long time ago. If spending is as high as it is, taxes have to go up. Cut the spending, and increase taxes on the $250,000 earners simultaneously. If that screws their FICO score, too bad.
Self-employed business folks have a plethora of tax deductions that ordinary wage-slaves don't! Why is this so hard to understand?
POMO cash going into ES.
The explosion stopped as soon as POMO ended - 11am EST.
Apparently the Efficient Market Theory allows for time limited logical black holes. Nobody foresaw it, but yeah, expect a book on that very soon.
LMFAO...first thing the CNBC moderator says on the Obama "Town Hall" is literally...."The DOW is sitting at over 10,700 and millions are out of work".
Jesus Christ...I hope they mention the wheat harvest.
Here comes a soft ball tossing event. What a disgusting joke.
I'm not sure who they are catering to. Why not do this interview on "The View", or perhaps "Wipeout"? Regular CNBC viewers may be full retard, but even they can see through this charade. Pathetic.
May I gently suggest that you're missing the purpose of propaganda. It's never to convince the unconvinced. It's sole purpose is to tell the people who want to be told what they want to hear what they want to hear.
Daddy, tell me another lie so I can believe it's the truth.
Good point. I just figure they would put a little more effort into it. Maybe come up with a colorful chart or something.
As is true with all sociopaths, economy of effort is important. Why give them a chocolate cake when the crumbs will satisfy (on a temporary basis) the desperately hungry?
See you at the next feeding. :>)
Sounds like the management of the Toronto Maple Leafs. Couldn't resist :)
Why go thru all the trouble of more effort. 1st grade level stuff works on 90% of the lazy, fat amerikans.
Contempt prior to investigation is the greatest bar to knowledge.
Why don't you wait 'til it's over to comment? Because you are pre-prejudiced. Is that the way you approach all situations?
When they broadcast the intent with the opening statement...yes, I'm that prejudiced.
It's Bush's fault by golly
Facts: From Jan 2001 to Jan 2009
Government Budget goes from 1.8 Trillion to $3.2 Trillion
Federal Debt goes from $5.8 Trillion to $11.8 Trillion rising expoentially in 2009 due to drop off in tax receipts from 2008 and misguided stimulus and bailout bill.
SP 500 dropped from 1340 to 805.
Over 8 years Total Non Farm Employment actually dropped, unemployment rate higher.
If you a fiscal conservative, libertarian, deficit hawk, liberal or tex Partier, its not hard to dispute your opinion with actual facts.
You two asshats will find the K00l Aid on the table in the corner.
It is not hard to destroy a house buillt on sand.
From the man with tin foil on hiz head
"Mission Accomplished**"
** Suckers
flashmeltup? Or maybe they just got tired of being together, you know how it is, familiarity breeds contempt.
Those correlations only work if you need to sell something in order to buy something. Like for instance, I want to sell my 10s to buy some of that hot Apple action. However, if you don't need to sell anything cuz you have all this POMO laying around...well there you go.
There you go indeed.
I'd stay the fuck out of the way for a while. All I needed to know I learned here last week:
http://www.zerohedge.com/article/primary-dealers-prepare-invest-27-billi...
Dude, the recession is over, it's official: http://finance.yahoo.com/news/Economic-panel-says-recession-apf-26586424...
All fixed.
Now get back to work, pay your taxes and don't forget to check 'D' all the way down the ballot in November.
D is for Durden!
Aye! Nice touch.
What they are attempting to do cannot work for too long. If PD's have been buying stock for well over a year now and very rarely selling and have been buying for weeks now in advance of POMO while being levered to the hilt to do so what is the ultimate point of there are no buyers? In order to see any benefit the IB's would have to capable of selling either to retail or mutual funds who are very clearly not particpating.
Also when these bonds are monetized arent the banks simply purchasing more stock or SPY ETF to move the markets and since we all know the true nature of these IB's is predatory do they actually believe they will hold till infinity? Since most of the investment community has come to the conclusion that the markets are manipulated by default then this should begin to work agains the markets. In order to see profits on their trading revenues these banks will have to front run one another to sell what they have been purchasing into this "QE Lite" because there are simply not enough natural buyers and I expect the next decade to be weekly outflows since boomers are retiring.
The markets are facing rumblings in Europe with increasing intensity, political scenery shifts fermenting that will be dramatic as Americans gravtitate away from electing the elites who have proven they do not have their interest in mind, increasing foreclosures, jumbo foreclosures, credit delninquencies, student loan bubble, rising gold, volume diminishing week over week and falling off and expiry of jobless benefits at an increasing pace for 99'ers. Like many here Deflation is chasing us and these unprecedented media spins, currency manipulations, postponement of shadow inventory and monetization have made every global market entirely reliant upon manipulation to survive. How on Earth do they believe they can ween the bankers off the monetary cocaine?
Even with fictional accounting legalized the earnings just will not even come close to matching these prices.
Nothin' but "green shoots" (or are those tentacles?) as far as the eye can see, huh?
run up before the town hall, sell them after, it's all the Presidents fault...let Sarah run the country,she knows where Russia is located and only shoots at things that can't shoot back.
run up before the town hall, sell them after, it's all the Presidents fault...let Sarah run the country,she knows where Russia is located and only shoots at things that can't shoot back.
It's all that crash sitting on the sidelines...
Making the Banksters rich beyond their wildest dreams isn't going to boost my home valuation, the dwindling 401k boondoggle, nor put food on the table when there are no jobs.
Duh, President "O" we don't have no years to recover. Trickle down economics won't work this time.
Chart: SPX
It's done.
http://www.screencast.com/t/MmU4YTlhNGQ
http://99ercharts.blogspot.com
I hope you're right but you've been saying the same thing for what, 2 weeks now?
Whether using traditional chart patterns, Elliott Waves or astrology, forecasting against the Fed and Primary Dealers has been challenging. Today...reality bites.
3 hrs is a pretty tight window, esp considering that ES is headed right back up to the daily highs right now
Chart: SPX
Roof Top
http://www.screencast.com/t/YzExMzU3Mm
From a tech standpoint, I agree. Even the bears are giving up. Local top in progress.
Obama speaking-what more do you need to know?
Everything looks ok to me. Stocks are up. Corruption is in full swing. Please explain the problem. No charts are needed anymore. Sorry Adobe.
Recovery Summer, Fall of Corruption, Winter of Discontent?
And now for our quote of the day at CNBC.com "President Obama: For All the Problems We Got, We Are Still the Country That Billions Look To"
You just gotta love that!
That reminds me of "Sugar" Ray Nagin, former Mayor of New Orleans, claiming that being the "Murder Capital of the US" in 2007 was good for the city because it "keeps the (New Orleans) brand out there".
When NOLA re-elected Nagin, I lost all sympathy for them -- they deserve the Govt they got!
Yeah, right, and for all the wrong reasons. And who, if not Obama, should know? Ask an Arizonan.
Of course, with General Powell’s comments over the weekend, perhaps America’s big attraction is for “people to work around the house”; IE, people without documentation are around my house, and probably around yours…
Over the last one or two-year period, two million Americans have given up citizenship—which is why, no doubt, that the “government” is clamping an iron band around money leaving the country. As the regime redefines “rich” to strip the middle class, it is methodically preparing for a potential exodus of money as people opt to leave.
The total tax burden for high income middle class workers (the Krugman definition keeps changing to fit the debt) could reach a total of 60% to 70% when including state, local and federal taxes – 60 to 70 cents of every dollar earned.
Not only does the U.S. double-tax its citizens who live and work abroad (the only industrialized nation to do so), the Patriot Act places them in the same category as terrorists, arms dealers and money launderers. And the banks are closing accounts for expats who don’t have a permanent address in the U.S., ostensibly "to stop money from going to terrorists and to stop tax evasion.”
I think that number is inflated, maybe not those who moved out (like retires), but probably for those who gave up citizenship. Anyone who can tolerate a different culture who has reasonable assets or ability to work overseas should run like hell. Our finances are insanely bad and sooner or later Uncle Sugar will take what remains of the wealth after the predations of Wall Street. The world in general is in a bad way but I can assure everyone that the culture that will show itself in full after the finishing of the looting and collapse will be ghastly. We are sitting on the bomb waiting for it to go off.
"Where is Major Kong?"
http://www.youtube.com/watch?v=wcW_Ygs6hm0
Excellent points. Perhaps the radio source I heard was fuzzy on his definition and confused leaving the country with giving up citizenship. Thanks for the heads up.
Oh gag. He's a moron. When we elected him we lost a perfectly good Golf Caddy.
No tax cuts for millionaires..e.g. peeps that make over $250k....Hyperinflation bitchez...
The king is talking on cnbc....
Seamless transition of the tape worm from FED Host to the Zombie Market. The red circle is were you would assume it would be. All things we monitor tho when does the BlackSmith tell the Baker he has enough sawdust mixed in his flower.
Was the market pump for the cnbc prez show going on?
Really, wall St doing well, fuck you main St, jobs just around the corner. Oh its all bushs fault andnthe republicans.
It´s too funny how still 95 % of observers believe the "US economy" is dependent on US macro data ? When will you finally learn that more than 50 % of revenue of reporting S&P companies is generated outside the US ??????????
Therefore earnings per share are heavily dependent on global growth, too.
Get your analysis right.
Stocks don't do well in recessions or depressions.
Stocks don't do well in recessions or depressions.
And since I understand that their world is in depression, perhaps they’ll stop using U.S. money to pump it.
-Japan is in deflation/depression for 15 years.
-half of Europe is technically bankrupt.
-federal gov/states are technically bankrupt.
- us,japanese and american consumers have 25-40% reduced income/credit - they represent 70% of the world's private consumption.
- the fraud of government spending driven profits will end, and end terribly, either is massive correction to historical averages (reversion to the mean), or we go off into money printing la-la-la land of $2000+ gold, $10 copper, etc.
- either way the end result is the same - a massive decrease in the standard of living in japan, us, and europe.
I'm still getting rich on this fraud, but I object to it on intellectual grounds and principles - it is nothing short of insulting.
And I certainly won't spend a dime in the US - I'll go where I am at least told a reasonable facsimile of the truth. And where they have better looking girls and cheaper beer.
Its green shoots growing out of a turd.
yo, Shog:
could we call those green shoots "turb blossoms?"
Err, what exactly is Obama SAYING?
DavidC
If you can't dazzle them with brilliance, baffle them with bullshit.
HelluvaEngineer,
Touche! Spot on!
He's just spoken about 'keeping the housing market alive', followed by talking about people who have difficulty paying their mortgages...which, presumably, would be because they're living in houses that are artificially maintained at higher prices...
DavidC
SSSSSHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!
Those are state SECRETS!
It doesn't matter-the PTB just pump the market whenever he or the "Chairman" appear on the tube.
Let's see. There's a level at 1135.
We barely touched 32s and it dropped, so that area was very weak as last time selling started right away.
We have tested 1120s, these got bought up -> there is sufficient buyers, therefore we have to test 1135 and see if the sellers have gone away, giving it room to run more.
If the sellers at 1135 are still there, expect 1125-22 to be retested again, if that breaks, 1112.50 to be tested, and so on, down the levels ladder.
Why would you care what the treasury fly and A/Y doing, everyone got obsessed about part-time correlations HAVING SOME MEANING. hahaha
Pres just finished
Ramp up the market !!!!!!!!!!!!!!!!!!!!!!
Ramp down everything else !
Erin Burnett will need to reapply lipstick after all the Obama asskissing
Um, I thought she was working the front end......with John Harwood already hard at work out back.
Screw trading today, I'm just going to go play minecraft. Lets see how fast I can dig down to lava.
My Dog…
My dog sleeps about 20 hours a day. He has his food prepared for him. He can eat whenever he wants, 24/7/365. His meals are provided at no cost to him. He visits the Dr. once a year for his checkup, and again during the year if any medical needs arise. For this, he pays nothing, and nothing is required of him. He lives in a nice neighborhood in a house that is much larger than he needs, but he is not required to do any upkeep. If he makes a mess, someone else cleans it up. He has his choice of luxurious places to sleep. He receives these accommodations absolutely free. He is living like a king, and has absolutely no expenses whatsoever. All of his costs are picked up by others who go out and earn a living every day. I was just thinking about all this, and suddenly it hit me like a brick in the head: Holy S##t!!!
My dog is a Democrat!
Not possible. Dogs are well known for their LOYALTY and common sense. More likely a laid back Libertarian. Offer him a grape soda, a hit off the bong and put on an old Tarzan movie.
I realized long ago that it was my dog who was the master, not me.
He might be a Democrat voter. But he would vote for a Republican if that Republican were sufficiently "enlightened" so as not to offend his sensibilities by accusing him of freeloading... oh, no. That would never do, tsk-tsk.
Chart: ZB
The Long Bond has broken out.
http://www.screencast.com/t/ZDllYmQy
http://99ercharts.blogspot.com
Looks like they just punched a hole in your ES rooftop.
Chart: 6E
Euro in a down channel.
http://www.screencast.com/t/Mjg0YmIy
http://99ercharts.blogspot.com
THere nothing wrong with the stock market, Ben is carrying out monetary policy by buying spoos
This is for my friend, Mr Jimi Lennon Hendrix:
http://www.youtube.com/watch?v=fKym33vK1cs&feature=related
So..ummm SPX/DJI heading up for the past 20 min, but oil heading down?!? Correlations and sanity have been broken today.
aud / jpy weekly resistance
brain says "if you go long, I'll release dopamine..."
aaahhh....
Ah, the "Blame Bush" game. Again. How, uh, new. And fresh. Yeah, fresh.
Once again conveniently forgetting that he, as a member of the Majority Party of the United States Senate, actually had more than a little bit to do with that "wrapped in a bow" deficit he's whining about.
Of course, it's not like anyone in the media was willing to remind him of that. Might be, inconvenient.
Assholes. All of them.
Fire all the politicians. They are even worse than the communist dictators who at least do not pretend.
Up nearly 10% on SPX since 8/31. At this pace, maybe we will close the year at the highs.
Does that move cause you to take a pause? Just wondering...