This page has been archived and commenting is disabled.
Santa takes the S&P positive YTD
The S&P ran right thru the 200D SMA, and not by coincidence the S&P is now in positive territory for the year. There is an outside chance that we get a monster, no-volume, lift thru year end. Come 2012, we'll find that Mr. Claus' present was coated in lead paint from a Chinese factory. Europe is feeding the ducks with news flow, but it won't be enough to support the 100 S&P points we've been gifted since Thanksgiving. That being said, GOOG is within 10 points of its 52W high, and could break higher as managers panic into ‘defensive growth' to squeeze a few more basis points out of any lift to juice their YTD numbers.
In small cap land, I’m watching the move in Odyssey Marine (OMEX) – as there looks to be some pressure on the shorts. Given Craig-Hallum Capital’s $5 target and multiple catalysts – this could be an epic squeeze. For example, one recovery could result in excess of 4 tons of gold coins ( Page 37). Seeking Alpha lays out some of these catalysts. Very interesting to see how this plays out.
- advertisements -
Tributyltin Fluoride Anti-Foulant (TBTF) would have been a more suitable coating than lead paint.
"Mr. Claus' present was coated in lead paint from a Chinese factory."
If you licked said lead paint for 40 years the worst that would happen is a bad aftertaste
Someone please shutter the EPA pea brained loonies, put their staff for the past 60 years up against a wall and stone them
Cheers
PS. the recoverable lead in the paint will shortly be worth more than the house it's painted on after what CONgress and Wall Street have done to the US property market
You Usans - just a small portion of all the Americas, from Chile to Canada, mostly have NO idea of the respect that you have lost globally since the Vietnam War.
Those of us outside of the Washington imperium used to trust the Empire, because singers/poets like Don McClean were allowed to sing protest: http://www.youtube.com/watch?v=tr-BYVeCv6U
We loved Joan Baez: http://www.youtube.com/watch?v=qilhC0f1o8E&feature=related
I still think this is the best Christmas Gift I have ever received (even if I had to buy it).
Celestron C8 SGT XLT
All I ask for Christmas is a few kliks, to defray a fraction of the cost of this beast, and I will be posted pictures once I get my hands back on this...I sent it to my brother who is a telescope affectionado until March.
A fantastically good telescope, able to hook up to a camera, and also able to hookup to a computer and be controlled by the computer ...."go to Orion Nebula" and it takes you right there. It has its own GPS so it has a pretty good idea where it is in the world, then you just point it at any three bright sky objects, and it then knows automatically where everything is Exactly. Pick any 3 bright objects and you don't even have to tell it what those objects are.
Now that is cool!
These are actual pictures.
Stop by and get klik count to 1000, please, and thanks.
http://oahutrading.blogspot.com/2011/12/perspective-via-telescope.html
2011 proves that it does not pay to be a bear.
That natural trend is always up.
However, short short sellers of gold mining stocks made a lifetime fortune.
Does that apply to Japanese equities as well?
Define natural please. QE isn't natural in my book.
You are a cynic of the worst kind.
You have no real position on anything. You just love to stir.
I bet that you never trade.
I bet that you sit at your keyboard just plucking at snippets you do not understand ... you just have a knack of sowing dissent.
If I am wrong, then give just one example of you, personally, having made a fortune out of short-selling gold mining stocks.
And if you made a fortune, then why bother with ZH?
You try to portray yourself as being in the same league as Soros, etc.
Why do you bother Robot, unless you are a masochist who enjoys always getting rubbished.
How much good can a Locke do without a Demosthenes?
You know, I studied poker for a bit, and what I learned was one thing -- never ever play poker for money. I feel the same way about this bear market trading. Too dangerous for civilians.
some of us are not civilians
some of us are not even civil
hey, fundamentals do not matter anymore......... All Aboard !!!!!!
This won't last long. People are also reminded constantly by the media that they're running out of time to get out there and spend every last dime they can beg, borrow or steal. This artificial stimulation of consumption can only carry the market so far. Pack a parachute. The downside is going to be steep.
http://georgesblogforum.wordpress.com/2011/11/02/the-daily-climb-2/
Had a look at your blog George, but found it hard to read because of font size.
Might just be me, but maybe not ... so how about "down-sizing" and being a little less bold?
Meanwhile the customary best wishes at this time of year, though become increasingly rhetorical, albeit sincerely meant.
FROM OUR HEARTS TO YOURS. WITH LOVE, FROM WALL STREET
Dear Mr./Ms./Mrs./Transsexual Client, At this special time of year, we wanted to let you know how much we appreciate you. So, please note that if you owned the S&P 500 at the beginning of this wonderful, uneventful year, you are now back in the black after our gift to you today. We are so pleased to close the market today at a point which now lets you have a non inflation adjusted profit in the index we love for you to own. It is our joy and an honor to mark the market higher in the last 15 minutes of trading just in time for your Christmas/Hannukah/Kwanzaa/Pilgrimage to Mecca/Atheist celebration. To our dear clients who bought the Nasdaq index in March 2000 and have hung in there with us, we want you to know we are still working hard on your behalf. We feel your pain in the loss of nearly 50% of your value (not including inflation losses). In fact, our bonuses have fallen as well and we are now only in the mid seven figure range at this time of year. We know what a struggle it is and have taken the initiative by donating our holiday hams (we don't really want them anyway) to our administrative assistants to enjoy with their families along with their one day of paid leave. We would love to say more, but our jets are being warmed up on the tarmac for that quick, 10 day excursion to the Seychelles. And being lovers of the environment and caring about the next generation's quality of life, we don't want to waste any more Jet-A than is necessary to have our planes nice and toasty for the trip. So just know this: We promise to make 2012 a very profitable year! And hopefully, you can come along on that ride with us. Sincerely, Wall Street (you can call us the 1%, we really don't mind)Oh, you mean like jacking the piss out of the market today, as yesterday, as the day before, and the day before that?
Geez, spare me the 'what might happen' shit unless you are literally Ben Bernake. Otherwise, you know the same as I do.
Uncle Bernak to the rescue with his band of merry gangsters
But will this be the last and final Big Bankster Bonus year, the 'last drink at the well' as Jim Sinclair thought it was the year before?
Please, Powers of Heaven, make it so, and then smite the wicked as they merit.
I'll put that on my wish list ... along-side my own wishes that the coming year will be clear of cancer (I've had three lots), clear of anyone else close to me dying and clear of yet another forced move, with all that that entails emotionally and financially.
No I am not looking for pity and I don't feel particularly sorry for myself, but I really do not need any more shit.
Actually I have just signed a ten year lease on on a one-bedroom State Housing unit with very affordable rent ... so that's fixed, barring the coming global crises destroying EVERYTHING once considered sacrosanct in Australia.
I resented losing houses and thousands of dollars to (slow-learner me) three former wives, but the upside is that they are now stuck with having to pay other men to maintain their houses and cars.
I no longer have a car, nor fridge, nor TV, nor any desire to "get back into a relationship". Thus I can live on a (so far) secure state pension, which I paid into for all my working 50+ years.
I suppose my message is that, if needs must, a person can get out of "the system (actually organized chaos)" through the bottom ... barring total collapse of the Ponzi scheme.
If nothing else, my experiences of "the slings and arrows of outrageous fortune" have imparted empathy and have demolished any cognitive dissonance I once had.
I do not pity myself - except sometimes.
At 68 I pity young people who will never experience the free-wheeling days when I, and others my generation, could easily aspire to owning a motorcycle, car and house.
Time for some songs: http://www.youtube.com/watch?v=tr-BYVeCv6U
And to bring things up to date from some forty years ago: http://www.youtube.com/watch?v=3EyGcXj84mE
At least those of my generation had some hope, but now there is none.
In my earlier years there was no PNAC, nor AIPAC.
The Glass-Stegal Act still separated regular banking from casino banking.
OK rant over, except to say that we are on the eve of destruction in every context and I kinda count myself lucky that I might die of natural causes before the Imperium unleashes WW3 ... Libya and Syria are run-ups to attacking Iran and drawing in the Russian Federation and China.
Remember the days when one could tell the boss to shove it......and have another position within hours.....
try a little hydrogen peroxide in your drinking water. here's a good aussie song. http://www.youtube.com/watch?v=Lf0_m5oZW7c