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The Best And Worst Performing Assets During Thanksgiving Week
While technicals remain largely meaningless in the global centrally-planned "USSR market" (as penned by Russell Napier, who asked "Which World Has No Volume, No Volatility And Rising Prices?", his answer: the USSR), pattern-seeking carbon-based traders still find refuge in the comfort provided by technical analysis. So for all those who believe past performance is indicative of future results, here according to BofA's MacNeil Curry is how various asset classes perform during Thanksgiving week compared to all other weeks during the year.
From BofA:
Thanksgiving seasonals
Many global markets behave differently during the week of the US Thanksgiving holiday (observed Thursday Nov 27). While much has been written about US equity market outperformance around this date; less has been written on other markets. We expand upon this analysis in our Chart Of The Week. During the week of Thanksgiving, Oil (Brent), Gold, US ten year note futures and the US $ all tend to do better than their weekly average, while €/$ tends to suffer. Given this backdrop, we look for the S&P500 to extend upon last week’s break higher, while we reiterate our basing views on gold and oil. However, we are reluctant to turn too bearish on €/$. Not only does sentiment and momentum remain at bearish extremes, but the month of December is its most bullish month of the year. As such, the risk of a €/$ bear trap is too high to ignore.
Chart of the week: Thanksgiving seasonal tear sheet
Historically, many global markets have behaved differently during the week surrounding the US Thanksgiving holiday. Over the past 20yrs the S&P500, Brent Crude Oil, Gold, US 10yr note futures, and the US $ Index have all done better than average, while €/$ have underperformed. In contrast, Thanksgiving has had relatively little effect on $/¥.
And that last sentence is why the entire chart shown above is worthless, because if there is one asset class that is virtually assured to have the highest volatility in the coming days, it is the Yen, which will either continues its unprecedented collapse, or soar higher on short covering, should the trek to 120 (and then 145) prove to be fleeting in the immediate future.
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Lifestyles of the rich and hated
http://kernelmag.dailydot.com/issue-sections/features-issue-sections/109...
It’s hard to imagine what tense heights San Francisco’s culture clash might soar to. But then again, it’s also hard to imagine someone tossing in an extra million bucks to close on a house that’s been on the market for less than a week.
The conflict between dudely tech types making their unholy pilgrimage to the Bay Area—historically a nexus of counterculture—and just about everyone else plays out on many battlefields. But beyond the whimsically lofty valuations for companies that have zero revenue, real estate is one of the most alarmingly quantifiable. With rental prices through the roof, most Bay Area residents could never dream of homeownership. But the tech industry’s reimagined cast of robber barons are not most Bay Area residents.
According to Trulia’s Chief Economist Jed Kolko, “San Francisco has the least affordable housing in the nation, with just 14 percent of homes accessible to middle-class buyers.
I have these magic beans for sale.....
LOL!
Carbon-based traders ;)
Beans! Beans good for the heart, the more you eat the more you fart, the more you fart the better you feel, so eat your beans for every meal.
"...all those who believe past performance is indicative of future results..."
Must be central planners. They use charts...
Carbon-based traders ;)
Flipping a chart upside down makes for a bullish BLS discussion. /LOL
where is the silver lining?
These Jewish fucks are going to ask for money while skimming to pay off rental properties/ unpaid mortgage obligations. Most are getting paid by the IMF to become crisis actors in the eyes of media spin masters. Sick fucking people. Go bomb Iran, you will be killed under another umbrella. (Names, names). Fuck off dirty jews. Take the first move.
World Bank
Shall we just hang you and call it a day? Stop this utter bullshit. You already know your fucked. The Global mission is a lost cause.
Biggest looters are the Illegals that continue coming here, leaching off our welfare system, getting free healthcare when they need it. Free educatiions, food stamps, drivers licenses and we tax payers are the ones being looted because were paying for them. Yes Obama and Washington are also responsible but following Obama dictatorial order last week, we can expect the number of looters to increase ten fold.
They are looters, however they are not even close to being the biggest looter in the system, you need to look much higher on the food chain. Think Trillions....not millions
Hint: FREE Jon Corzine!
They got nothing on the banks and Nancy Pelosi.
"Volunteers come to clear out snow in Buffalo" did stand out to me. They had plastic shovels made in China no less. Meanwhile in Las Vegas...
I mean you really can't make these total phucking frauds up. 13 billion for a Ford class Aircraft carrier and it still doesn't work?
Its a wonder the country survived Reconstruction....
It's pathetic how some are so easily manipulated by the lame stream media's divide and conquer plan. Consider yourself conquered.
The banker will continue looting and claiming they are insolvent. Bring in 5 million illegals will gain access to a new TARP or Stimulus Program. Stupid cunts are going to lose monies. Derivatives holders.
Wake up!
We got some unions
All I got are these molls
And I want to use them
What do you say, boss?
Your boss, my boss
You are my job
I am a gun thug
You are my job
You've got your principles
I've got bills to pay
You've got your lovers
I've got mouths to feed
Your boss is my boss
You are my job
I am a gun thug
This is my job
We are the ready men
We are the strong
Men who are lovers
Men who drink wine
We are the ready men
We are the strong
We are the smart ones
You are wrong
We are the ready men
We are the strong
Men with our lovers
Men who drink wine
We are the ready men
We are the ready men
That top Bollinger Band on the daily SPX sure is close now, and getting closer by the day.
VIX is setting up in the same way with its lower BB.
Someday this war's gonna end.
not this week looking at those seasonals. rising in agony bitchez
Inhale, exhale QE free money as a counterfeiting ring to sustain a corrupt cartel wheeling the peasants politically correct media montage. DOA. Keep sucking up the community organizer’s donation requirements. Socialism runs out when other people’s money expires.
Winks.
There is no real money in the system, save a pile of pre-1964 quarters and dimes.
Just wait till J6P discovers this fact first-hand.
Pre 1982 cents and nickels are also worth saving as well.