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Futures charts; June 10th

Submitted by Cheeky Bastard on 06/09/2010 16:39 -0400

Same old, same old.

Indexes

Energy

Metals

Agriculture

Bonds

Currencies

I hope you will enjoy in the following compositions.

And as per usual, we finish with a couple of words from our in-house poet Charles Bukowski.

Born like this
Into this
As the chalk faces smile
As Mrs. Death laughs
As the elevators break
As political landscapes dissolve
As the supermarket bagboy holds a college degree
As the oily fish spit out their oily prey
As the sun is masked

We are
Born like this
Into this
Into these carefully mad wars
Into the sight of broken factory windows of emptiness
Into bars where people no longer speak to each other
Into fistfights that end as shootings and knifings

Born into this
Into hospitals which are so expensive that it’s cheaper to die
Into lawyers who charge so much it’s cheaper to plead guilty
Into a country where the jails are full and the mad houses closed
Into a place where the masses elevate fools into rich heroes

Born into this
Walking and living through this
Dying because of this
Muted because of this
Castrated
Debauched
Disinherited
Because of this
Fooled by this
Used by this
Pissed on by this
Made crazy and sick by this
Made violent
Made inhuman
By this

The heart is blackened
The fingers reach for the throat
The gun
The knife
The bomb
The fingers reach toward an unresponsive god
The fingers reach for the bottle
The pill
The powder
We are born into this sorrowful deadliness
We are born into a government 60 years in debt
That soon will be unable to even pay the interest on that debt
And the banks will burn
Money will be use less
There will be open and unpunished murder in the streets
It will be guns and rov ing mobs
Land will be use less
Food will become a diminishing return
Nuclear power will be taken over by the many
Explosions will con tin u ally shake the earth
Radi ated robot men will stalk each other
The rich and the chosen will watch from space plat forms
Dante’s Inferno will be made to look like a children’s play ground
The sun will not be seen and it will always be night
Trees will die
All vegetation will die
Radiated men will eat the flesh of radiated men
The sea will be poisoned
The lakes and rivers will van ish
Rain will be the new gold
The rot ting bodies of men and animals will stink in the dark wind
The last few sur vivors will be over taken by new and hideous dis eases
And the space plat forms will be destroyed by attrition
The peter ing out of sup plies
The natural effect of general decay
And there will be the most beautiful silence never heard

Born out of that.
The sun still hidden there
Awaiting the next chapter.

With that I wish you good night and successful trading day tomorrow.

- advertisements -

Wed, 06/09/2010 - 17:37 | 404483 Howard_Beale

Excellent musical choices, CB.

Wed, 06/09/2010 - 17:36 | 404481 subqtaneous

An apropos-em.

Wed, 06/09/2010 - 17:12 | 404427 Joe Shmoe

Is cotton up because of all the wonks in DC/Euroland buying diapers?

Wed, 06/09/2010 - 17:20 | 404446 Mesquite

Hahahaha....

Wed, 06/09/2010 - 16:53 | 404385 berated

I've always been curious--why do the financial markets use log scales to display data, rather than arithmetic scales? Thx in advance.

Wed, 06/09/2010 - 17:03 | 404405 Cheeky Bastard

Arithmetic: Both graphs above portray the Dow Jones Industrial Average for the same time period (1921-1932). Both graphs are accurate. However, they use different scales. Arithmetic scale (left chart) shows an equal distance for each unit of price change. Notice that each point on the vertical scale represents a vertical distance of 40 points, and each point is equidistant. However, each point represents a different percentage movement. (A 40 point movement from 320 represents a 12.5% increase. But, a 40 point movement from 40 represents a 100% increase.) To further clarify the issue, observe the gray and green lines on the Arithmetic (left) graph. The gray lines portray a vertical distance on the chart for a movement in the Dow from 120 to 160. That's a rise of 40 points (33% increase from 120). The green lines portray a vertical distance on the chart for a movement from 240 to 320. That's a rise of 80 points (33% increase from 240). The movement illustrated in green appears to be far stronger than the movement illustrated in gray. In fact, however, they each represent a 33 % movement.

Logarithmic: Logarithmic scale (right chart) shows an equal distance for equal percentage movements. For example, a movement from 80 to 160 (100% increase) would be the same vertical distance on the Logarithmic chart as a movement from 160 to 320 (also a 100 % increase but twice as many points).

Analysis: The arithmetic scale graph can be deceiving, especially on long term graphs. A quick glance at the arithmetic (left) graph would lead one to believe that the market rose much faster from point B to point C than it did from point A to point B. In fact, from B to C, the market appears to move nearly straight up (left graph). However, a review of the Log graph (right), reveals that the rate of appreciation during period AB was very similar to that which occurred during period BC. Long term arithmetic graphs can subtly exaggerate the strength of certain time periods over others.

You just had to google it.

Wed, 06/09/2010 - 22:41 | 405103 whiteshadow

Mr. cheeky,

I am student so jus reading n learning,,,,since u seem to b well informed,,was wandering if you could help me with lil..guidance,,,

I want to become an analyst n a trader...o not jus a trader but the best any one have seen the like of,,,hahah,,,i believe in learning n being open to new ideas..doesn't hurt to listen....so would appreciate your input.....will gift u a red lipstick in next halloween!!!!

Wed, 06/09/2010 - 21:17 | 404935 IQ 145

Wow, jeez; thanks for selecting this piano recording. That lady is a serious piano player. I'm off to U-Tube to see if I can find the recording and find out more about her. Thanks again.

Wed, 06/09/2010 - 20:40 | 404886 IQ 145

very good. better than almost all College instructors could elucidate this subject matter.

Wed, 06/09/2010 - 17:26 | 404459 Careless Whisper

the arithmetic chart makes the bubble more obvious, while the log chart may allow one to understand how bubbles can creep up on you. thanks.

"Single acts of tyranny may be ascribed to the accidental opinion of a day; but a series of oppressions, begun at a distinguished period and pursued unalterably through every change of ministers, too plainly prove a deliberate, systematic plan of reducing [a people] to slavery." --Thomas Jefferson: Rights of British America, 1774. (*) ME 1:193, Papers 1:125

Wed, 06/09/2010 - 17:20 | 404445 berated

Thx, A & CB; very helpful.

Wed, 06/09/2010 - 20:49 | 404900 IQ 145

I smiled to see your picture; When I hear fabulous tales of how the Central Banks are fixing our smashed bubble; and how well the "recovery" is doing, I often think of Humptdy Dumpty and his great fall, and how "all the King's horse, and all the King's men couldn't put Humpty Dumpty together again".

Wed, 06/09/2010 - 16:57 | 404396 Anonymouse

Log scales enable you to look at % moves insted of point moves. A 10 point move on a base of 1000 would look like a 1 point move on a base of 100 if you use a log scale.

But if you use a linear scale, the move would look 10x greater

Wed, 06/09/2010 - 16:48 | 404372 Sudden Debt