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A Peaceful, Stress Free, (Lack of) Labor Day Open Thread

Tyler Durden's picture




 

Two weeks ago we had a "bear market" open thread in which we lamented the arrival of the recession, or the resumption of the depression, depending on one's proclivity for dramatic flair. It took the rest of the world about two weeks to catch up to what our commentators already knew. Today, in turn, we want to celebrate a peaceful, calm, (lack of) labor day holiday following which we are positive the markets will reopen calmly, in an orderly manner, with modest volume, declining 3M USD Libor, a collapse in the Libor OIS and with no invocation of Rule 48 whatsoever, by opening it up to our readers' very cool, calm, collected and politically correct stream of consciousness.

 

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Fri, 09/02/2011 - 17:11 | 1627964 caerus
caerus's picture

first bitchez

Fri, 09/02/2011 - 17:17 | 1628008 That Peak Oil Guy
That Peak Oil Guy's picture

Good article on the laws of thermodynamics applied to the economy:

http://www.theoildrum.com/node/8317

Entropy, bitchez!

Fri, 09/02/2011 - 17:21 | 1628034 Dr. Richard Head
Dr. Richard Head's picture

Here's to my socialist Great Grandfather Peter McGuire's union forced Labor Day - http://www.dol.gov/opa/aboutdol/laborday.htm

Fri, 09/02/2011 - 17:25 | 1628058 scratch_and_sniff
scratch_and_sniff's picture

I just seen an experiment on TV, its has been repeated in various other places too, what happened was that 150 people had to guess how many jellybeans were in a huge jar...there was 5540 jellybeans - they're combined estimate was 5542! They also guessed the correct weight of a cow...so, lets have some estimates for the S&P come 1 week, 1 month and year end. No bullshit answers, everyone have a genuine guess; saying 400 is ok, but seriously have a decent guess, the more guesses the better.

Fri, 09/02/2011 - 17:29 | 1628079 caerus
caerus's picture

i have heard this too...the statistical opinion of a large sample of people was very close to the actual number

Fri, 09/02/2011 - 17:36 | 1628106 narapoiddyslexia
narapoiddyslexia's picture

Is this not the same error the Chicago mafia who espouse efficient markets theory make? The problem arises that part of the object being estimated [wrt the markets] is other people who are also making estimates. Thus, it is chaotic.

When you're looking at a pig, the damn pig is not shifting its weight in response to your estimate.

Different thing entirely, dudes.

The sun is no longer over the yardarm, btw.

Let us all curse the efficient market theorists, to hell and gone.

 

 

Fri, 09/02/2011 - 17:45 | 1628153 sIewie the pi-rat
sIewie the pi-rat's picture

AND stay aWaY - I sezzz!!! STAY AWAY

all Uze Mother EFFING

TROLLLLLLS!!!!!!!!!!!!!

 

 

 

 

Fri, 09/02/2011 - 18:16 | 1628273 mynhair
mynhair's picture

Piss off, Rat!  Uh, what recession?

Missed the memo on "D' being deleted from the language.

Fri, 09/02/2011 - 18:48 | 1628356 Arkadaba
Arkadaba's picture

if 'D'

exit;

Fri, 09/02/2011 - 19:18 | 1628429 spiral_eyes
spiral_eyes's picture

Does anyone believe we can have a recovery without reindustrialisation?

And reindustrialisation requires that Western goods can be priced competitively against Chinese imports. But I think the problem here is really U.S. military spending — it subsidises Chinese imports by providing "global stability" How?

 

Global “stability” attained through military spending lowers the cost of shipping, and insurance on shipping to artificially low levels. That means that Chinese goods can be sold for far, far less in Britain and America than otherwise, which as we have seen wipes out domestic manufacturing because of the cheapness of foreign labour. And the ironic twist is the “global stability” is subsidised by Western taxpayers who can no longer find employment in manufacturing!

And if drastically cutting military spending is not considered palatable, then the least Western nations can do is implement tariffs on imports from the East. This would go some way to pay for the subsidisation of “global stability”, and would create a more level playing field for Western manufacturing to bounce back, and redevelop the manufacturing, supply chain, and human infrastructure that they have allowed to degenerate.


http://azizonomics.com/2011/09/02/reindustrialisation/

 

Fri, 09/02/2011 - 19:23 | 1628445 AldousHuxley
AldousHuxley's picture

American way to screwed the unemployed by hiring company to reject your unemployment claims just like they do with your healthcare claims:

 

http://www.youtube.com/watch?v=iKku9AIk-Yo&feature=relmfu

Fri, 09/02/2011 - 20:24 | 1628592 Rockfish
Rockfish's picture

Trariffs would put a crimp in chines imports why we won't go that rout is because the pockets we hurt the most are the US corptocricy ero gumby /corp/gumby...........

Sat, 09/03/2011 - 02:16 | 1629058 oldman
oldman's picture

Spiral,

Sorry we woke you; go back to sleep, please.

Sat, 09/03/2011 - 02:56 | 1629107 spiral_eyes
spiral_eyes's picture

What?

Sat, 09/03/2011 - 08:46 | 1629278 slewie the pi-rat
slewie the pi-rat's picture

my clone is back?

hey troll-clone!  read this:  The Top Ten Myths in the War Against Libya » Counterpunch: Tells the Facts, Names the Names

(maybe i can train it and get me another BiCh!)

BiCheZ!

Sat, 09/03/2011 - 08:26 | 1629264 Golden monkey
Golden monkey's picture

Recovery is dead. We welcome the global con, which can be resume in the depleted uranium/radioactive rain pair trade.

Glad to be here with you Tyler. When you have a chance, tell them to kiss their ass goodnight.

http://www.youtube.com/watch?v=ZvzyULbf98U

Sat, 09/03/2011 - 08:28 | 1629265 Golden monkey
Golden monkey's picture

GOT SILVER, BITCHEZ?

Sat, 09/03/2011 - 09:15 | 1629304 chaartist
chaartist's picture

import tarrifs never were a solution to anything. this is only other form of srewing one group at the expense of others.

Sat, 09/03/2011 - 11:59 | 1629503 11b40
11b40's picture

Oh, really.  So, what group is getting screwed now?  How did we loose all those industries with decent paying jobs that allowed for the tax base that paid for our infrasturcture?  Why is this country bleeding to death, when we were told how great free trade would be for us? 

Or, maybe you are not an American.  Then, I could understand your point.

 

Sat, 09/03/2011 - 10:16 | 1629371 bankruptcylawyer
bankruptcylawyer's picture

does anyone believe the u.s. will 'reindustrialize' after 30 years of effort deindustrializing?

 

this is capitalism. this is madness!. :). 

 

reindutrialization will not happen without war. best case scanario dollar goes up a lot , financial collapse occurs, and the u.s. starts making more of the stuff it needs becasue it's too expensive to import ( best case is that we become a third world country ) . worst case is we keep going in the direction we are and we begin heading for world war iii. i for one support the u.s. becoming a third world country like argentina rather than instigating world war three. the germans thought they were so special they started world war ii. and look how that wound up . not only did they lose power but they fucked the world over. same will happen to the invincible u.s. 

 

you can nuke the whole world twice over, but what good is it to you when so much of your power derives from exerting control over the wealth of your enemies. power ultimately derives from cooperation and control. not from destroying the very assets you wish to utilize. destroying saddams oil fields puts us in the position of having to redevelop them with the help of a hostile nation . if we are there for 40 years AND the iraqis decide they like us, we will benefit from advanced oil production. 

 

in the meanwhile, yes yes petrodollars blablabla...

 

 

( which used to be fully advanced and rich ) . 

 

 

Sat, 09/03/2011 - 16:45 | 1629951 bankruptcylawyer
bankruptcylawyer's picture

does anyone believe the u.s. will 'reindustrialize' after 30 years of effort deindustrializing?

 

this is capitalism. this is madness!. :). 

 

reindutrialization will not happen without war. best case scanario dollar goes up a lot , financial collapse occurs, and the u.s. starts making more of the stuff it needs becasue it's too expensive to import ( best case is that we become a third world country ) . worst case is we keep going in the direction we are and we begin heading for world war iii. i for one support the u.s. becoming a third world country like argentina rather than instigating world war three. the germans thought they were so special they started world war ii. and look how that wound up . not only did they lose power but they fucked the world over. same will happen to the invincible u.s. 

 

you can nuke the whole world twice over, but what good is it to you when so much of your power derives from exerting control over the wealth of your enemies. power ultimately derives from cooperation and control. not from destroying the very assets you wish to utilize. destroying saddams oil fields puts us in the position of having to redevelop them with the help of a hostile nation . if we are there for 40 years AND the iraqis decide they like us, we will benefit from advanced oil production. 

 

in the meanwhile, yes yes petrodollars blablabla...

 

 

( which used to be fully advanced and rich ) . 

 

 

Fri, 09/02/2011 - 19:18 | 1628433 AldousHuxley
AldousHuxley's picture

Short sighted Americans should watch learn their future from Japan's woes.

 

  • Husband loses white collar job due to outsourcing to China (sounds familiar?)
  • Husband secretly works as a mall janitor after made to sing at a job interview (In US, you can't even work as a janitor as illegal mexican union took that over)
  • Husband meets friend who is also acting like he has a job to his family. Has phone programmed to ring. (Americans have no real friends anyway)
  • Wife sleeps with robber (In America, wife will just leave you and have you pay her for alimony)
  • Eldest son joins US Army (American kids will soon join the Chinese Army when US army is full)
  • Youngest son uses lunch money for piano lessons (American kids will instead use lunch money and do drugs)

http://www.youtube.com/watch?v=lyWp__jXNRw

Lesson learned: non-unionized private corporate workers are most vulnerable in the coming globalized depression 2.0

Fri, 09/02/2011 - 21:11 | 1628654 Tater Salad
Tater Salad's picture

Aldous or should I call you gook?

You forgot to mention the American, with 10 inches of cock stuffs your mom full of smeg for fun on the side, while looking for a [blow] job.

Do you own a Cadarak?

Fri, 09/02/2011 - 21:42 | 1628708 Maniac Researcher
Maniac Researcher's picture

Of those who say nothing, few are silent. - Thomas Neill

Sat, 09/03/2011 - 01:13 | 1628983 AldousHuxley
AldousHuxley's picture

No, but your taxes are paying for other crooked cocks for all the fun this weekend.

 

The Clients

Among the names ABC News was able to confirm on the list:

a vice president of NBC Universal

the part owner of a Major League Baseball team who "loves Kelsey"

the CEO of one of the country's largest private equity firms who met "Cameron" at the Peninsula Hotel

a major New York real estate developer who, according to the list, "will come to the door wearing women's panties," and who spent nearly $100,000

a partner at the Wall Street law firm Cravath Swaine Moore "looking for a party girl to come fully equipped" and spent a total of $20,000

an investment banker from Lehman Brothers who saw "Kelsey and Keely together" and later saw "Aria and Skyler at the same time"

an investment banker at JP Morgan Securities who "loves Brooke" and spent $41,600

an investment banker at Goldman Sachs who "only wanted all-American girls" and spent $27,000

a managing director from Merrill Lynch who saw "Lana" using the name "Nataly"

a managing director from Deutsche Bank "who called about seeing Nataly again"

 

 

Manhattan Madam Says Clients Had Payments Disguised

Some of the men contacted by ABC News denied they used their corporate cards, and ABC News could not independently confirm if the credit card numbers listed were corporate accounts. “I as the proprietor of a business get arrested and lose everything when no one that was frequenting my business or spending $200,000, $300,000 a year has been punished in any way or looked into,” Ms. Davis said, according to ABC.

 

http://abcnews.go.com/Blotter/WallStreet/story?id=6813806&page=1

 

Happy labor day!

Sat, 09/03/2011 - 10:42 | 1629401 jakethesnake76
jakethesnake76's picture

it's not their fualt it's just culture ya know ,even if Taxpayer subsidized lol

 

Manhattan psychotherapist Jonathan Alpert, who works with many Wall Street clients, told ABC News that many of his clients who patronize escort services are accustomed to high risks and high stakes on the job, and seeing a prostitute, especially if one is married, provides the same rush. "You're playing with fire...it's part of the culture of Wall Street. A lot of drugs, cocaine use, fast times, sex--it's part of the culture."

Alpert said people also use adult sexual service as a way to cope with stress in much the same way that one may use alcohol or drugs. "It's a way to escape," said Alpert, adding that "A lot of clients I see tell me they simply want someone to speak to, someone to listen to them."

 

So it's like tipping the waitress i guess huh ??

Sat, 09/03/2011 - 13:24 | 1629637 AldousHuxley
AldousHuxley's picture

greedy sick bastards can have whatever low class culture they prefer, but not on tax payers' dime.

 

I'll tell you another "way to escape": go throw yourselves off of one of them high rises.

 

prostitution and casino gambling go hand in hand and they are usually run by the mafia. In the case of NYC is it the jewish bankster mafia gambling your life savings to support their sickness of paying whores and drugs for life.

Fri, 09/02/2011 - 23:17 | 1628857 Yen Cross
Yen Cross's picture

Mynhair you are a better person.>    Respect Slewie / because he would give his life in your darkest hour! You know he would save your family !   UNCONDITIONIALLY (  sp ) Intended!

Sat, 09/03/2011 - 08:51 | 1629284 slewie the pi-rat
slewie the pi-rat's picture

dammit, Y/C i told ya last week i had a clone and you asked me how my family wuz doing!

pay attention, fly-boy!  there maaaayy be a quiz!  L0L!!!

Sat, 09/03/2011 - 13:22 | 1629631 Yen Cross
Yen Cross's picture

 Thanks for the update Slewie. I'll try to keep my cheat sheet handy! Nice to see everyone is in such a good mood!

 

   Couldn't have anything to do do with 10's closing @ 2.05 Friday?

Sat, 09/03/2011 - 23:57 | 1630658 slewie the pi-rat
slewie the pi-rat's picture

L0L!!!  no, Y/C.   you didn't see the clone's first appearace, so i just wanted you to be up to speed, as you are!  no sweat, amigo

the first time i saw the clone, i thought:  i don't remember posting here...

mynhair & i had a little good, clean fun a coupla weeks ago.  i think i called myn a furball and (s)he scratched me or something.  now, my clone and myn_r and as bad as you & snidely!

i feel the same way abt the swissy as you.  if this is a "safe" fiat, howzabout a bridge?  but i don't trade fx like you, Y/C.  i think you have a good eye for detail and you made a fine top call for the dollar/yen back there a wayZe, too

see ya!

 

 

Sat, 09/03/2011 - 05:21 | 1629169 thunderchief
thunderchief's picture

Nice cat. 

The USA will not create jobs until it stops importing everything.  That is why everything is at stall speed. 

There is no anbandoning of all this junk pumped into US ports,  and no desire to creat quality things people can keep and use that still retain value.

For starts how about things you can replace parts instead of throwing the whole thing out?  What crap from China can you replace a broken part.  Even if the battery dies in some things the whole thing goes in the trash.  Trash products for  trash cash.

Sat, 09/03/2011 - 06:10 | 1629186 ViewfromUnderth...
ViewfromUndertheBridge's picture

Landfill.

Sat, 09/03/2011 - 08:13 | 1629250 Absinthe Minded
Absinthe Minded's picture

Yeah, it fuckin pisses me off when you can buy a whole new printer for less than the cost of a black and color print cartridges.

Sat, 09/03/2011 - 08:47 | 1629279 Stax Edwards
Stax Edwards's picture

That is called the Gillette marketing model and is HP's mantra.

Remember how Gillette gave away free razors (obviously at a loss) so you can buy the expensive refills?

Sat, 09/03/2011 - 10:40 | 1629399 New_Meat
New_Meat's picture

Absinthe was popular in France in 1918.

Sat, 09/03/2011 - 10:08 | 1629358 ToNYC
ToNYC's picture

 

You missed at least one more level in pissing off when they pay you to take out a 2-year contract and raise the ink cartridge prices. Ta-da.

Fri, 09/02/2011 - 23:13 | 1628851 Yen Cross
Yen Cross's picture

 Hey Slewie and mynhair ( Sp;) let's bury the hatchet? Thanks yen.

 

      We are on the same side. > let's be a team?

Fri, 09/02/2011 - 18:22 | 1628293 New_Meat
New_Meat's picture

nara-whatever:

"When you're looking at a pig, the damn pig is not shifting its weight in response to your estimate."

U Betcher Ass!

And the Sun is well over the yardarm, whatever that is.  I've heard on good authority that this is a world-wide phenomenem.  Who knew?

And, well,  we'd have to add the curse to Gauss, the Normalienz, and, well, we can figure more over the weekend.  Which, btw, will have the sun's wheelz goin' round-and-round.

- Ned

 

Fri, 09/02/2011 - 18:24 | 1628299 DCFusor
DCFusor's picture

No, no, efficient market theorists are the babies I take the candy from in trading every single day!  We NEED someone stupid out there like that!

I didn't catch any riducule for going super long FAZ yesterday at the close.  Heh, that had to be more money for the least minutes of holding something (yesterday close to today open) ever.  Neat.  Couldn't happen to a nicer bunch of guys.  Yeah, I'd have got about a percent more holding it all day, but also "C'mon, take the money and run".

 

Fri, 09/02/2011 - 20:57 | 1628633 Blano
Blano's picture

Well done.  I didn't have the guts.

Sat, 09/03/2011 - 10:14 | 1629368 ToNYC
ToNYC's picture

 

Keep talking. Mr. Market will nail your ass sooner than I can call you speechless.

Fri, 09/02/2011 - 18:28 | 1628304 caerus
caerus's picture

i don't know much about the mafia and i despise the term "efficient markets"...i do know mathematics however, and i assure you that even "chaos" has its order

Sat, 09/03/2011 - 02:24 | 1629067 oldman
oldman's picture

C,

You are just tricking yourself----------------no such thing as order-----only orderlies----no such thing as chaos, either

we all do this, it is part of the human condition like this conditioned self of a fool who is writing          om

Sat, 09/03/2011 - 23:19 | 1630619 caerus
caerus's picture

this is a problem i frequently encounter with those who wish to discuss mathematics with words...mathematics is its own language...english is a sad shell

Sat, 09/03/2011 - 10:16 | 1629369 ToNYC
ToNYC's picture

 

It may not look like chaos to everybody.

Fri, 09/02/2011 - 20:25 | 1628593 russki standart
russki standart's picture

Efficient Markets Theory probably cost me more money than anything else that I learned in undergrad and grad school It took me years to unlearn it.

Sat, 09/03/2011 - 09:36 | 1629329 MrPike
MrPike's picture

Seriously.  I sort of wondered why I was attending the classes if all prices in the market were always fair, why not just buy wontonly?  

Sat, 09/03/2011 - 02:31 | 1629071 e_goldstein
e_goldstein's picture

A truly efficient market doesn't have a place for theorists.

 

Fri, 09/02/2011 - 17:31 | 1628085 narapoiddyslexia
narapoiddyslexia's picture

Not the same, I'm afraid. They were looking at the objects.

Show me the S&P come 1 week, 1 month, and year end, and I'll tell you how big it is.

Fri, 09/02/2011 - 17:35 | 1628104 caerus
caerus's picture

it's a problem of perception...physical in one case, visceral in the other...not sure there isn't something to the phenomenon, statistically

Fri, 09/02/2011 - 18:39 | 1628334 11b40
11b40's picture

Speaking of a problem of perception....here is a quick little test to see just how 'perceptive' you are.  Very few will pass this one, and it only takes about a minute

http://viscog.beckman.illinois.edu/grafs/demos/15.html

Fri, 09/02/2011 - 19:16 | 1628427 A Lunatic
A Lunatic's picture

Awesome test.........I'm glad it didn't count for realz or I'd be a gonner, lol.

Fri, 09/02/2011 - 20:32 | 1628603 HardwoodAg
HardwoodAg's picture

ouch

Fri, 09/02/2011 - 20:59 | 1628639 KowPie
KowPie's picture

I only got 11.... but I did see the gorilla!!!!

Sat, 09/03/2011 - 00:15 | 1628923 geekgrrl
geekgrrl's picture

Ha! I estimated the count correctly and saw the gorilla.

Are there really folks who don't see the gorilla? Seems kind of difficult to miss that.

Do I get a special prize? Do I, Do I?

Sat, 09/03/2011 - 02:04 | 1629044 n00b tube
n00b tube's picture

Counted 15. I can't honestly say I saw the gorilla - though, I did notice an extra, black something get added to the mix. Perhaps that was the real test; fascinating.

Sat, 09/03/2011 - 02:08 | 1629050 blunderdog
blunderdog's picture

I saw the gorilla, but my favorite example of the same test is this:

http://www.youtube.com/watch?v=BPyvAtQYVok

Study this sort of thing a few years, it becomes second nature.  There is a fair amount of stuff we've learned about the brain by now.

Sat, 09/03/2011 - 10:20 | 1629375 ToNYC
ToNYC's picture

 

It must be harder for professors to see anything but the A+ task description and perfect number.

Sat, 09/03/2011 - 13:45 | 1629676 mccoyspace
mccoyspace's picture

I counted 14 and saw the gorilla.

Fri, 09/02/2011 - 17:38 | 1628117 scratch_and_sniff
scratch_and_sniff's picture

Im aware of that, i was thinking that if i could get a lot of seasoned speculators to draw a few lines, make a few educated guesses, that maybe there is a chance of being closer to the mark than say 150 random numbers between 1 and 1200...

Fri, 09/02/2011 - 18:26 | 1628302 DCFusor
DCFusor's picture

But that's what you get if you ask 150 analysts except their range doesn't include one, but does include 1600(!).  Might as well just use the random numbers.  Or gasp, do the DD on the fundamentals and dovetail that with behavioralism to get your number.

Fri, 09/02/2011 - 18:35 | 1628321 scratch_and_sniff
scratch_and_sniff's picture

Yeah, i have a feeling that the guesses would have to be "off the cuff", rather than taking into consideration all the gruff that comes into the thought process when thinking too hard, or trying to think something intelligent. But getting people to have a gut-feeling genuine guess would probably be difficult. All the analysts have an axe to grind in one way or another, all i was asking for is a gut feeling guess...like you would have with guessing a jar of jelly beans.

Fri, 09/02/2011 - 17:45 | 1628152 caerus
caerus's picture

when you think about it, if s&p or other market indices are to some extent a reflection of public perception then it makes sense that a poll of interested intelligences would be closer to the actual value as the sample size increased (in the limit of all interested parties, opinion equals the average)

Fri, 09/02/2011 - 17:51 | 1628188 Snidley Whipsnae
Snidley Whipsnae's picture

caerus... How do you weight the PPT in relation to the other 'average parties'?

Fri, 09/02/2011 - 17:55 | 1628204 caerus
caerus's picture

not "average parties" rather the "average" of the parties' perceptions...i don't do this to trade, i have other methods...i just think that based on the information it's not unthinkable...

Fri, 09/02/2011 - 18:07 | 1628249 TheMerryPrankster
TheMerryPrankster's picture

How many angels could fit on the head of a pin?

Fri, 09/02/2011 - 18:18 | 1628278 mynhair
mynhair's picture

'd' and 'p' have been deleted from the language

Sat, 09/03/2011 - 22:24 | 1630560 caerus
caerus's picture

dance, but yes i get it

Sat, 09/03/2011 - 22:51 | 1630582 janus
janus's picture

i was poised to make the same correction, caerus (you shit monger, you), cause it's a fairly important distinction -- and the answer to the question is 31 (don't act surprised; you knew it'd be a prime number).

caerus, it's now football season, and my question remains unanswered: UT or Aggie?

http://www.youtube.com/watch?v=CvEyMdj8d5A

janus likes the smell of cut-grass he used to play ball on saturdays/

he was playin in the sun/

if janus had is way, he'd give some cut-grass to everyone/

...i gotta friend named jack, look like a bone in a paper sack/

that's my friend jack,

janus

 

Sat, 09/03/2011 - 23:10 | 1630612 caerus
caerus's picture

gotta go horns...sadly, i was booted from the horns / rice game on veetle.com...my provider doesn't carry the longhorn network (yet)...also here's a nice quote by cantor

i have never proceeded from any 'genus supremum' of the actual infinite...quite the contrary, i have rigorously proved that there is absolutely no 'genus supremum' of the actual infinite...what surpasses all that is finite and transfinite is no 'genus'; it is the single, completely individual unity in which everything is included, which includes the Absolute, incomprehensible to the human understanding...this is the Actus Purissimus, which by many is called God

georg cantor

Sat, 09/03/2011 - 22:55 | 1630588 janus
janus's picture

jerry lewis asked me to ask you to help him on labor day.  can he count on you?

muscular distrophy is as horrid as horrid can be.  there is hope.

Sat, 09/03/2011 - 00:10 | 1628920 Yen Cross
Yen Cross's picture

Enjoy the Alcohol!!  Have fun in the 60's  FIAT? What a joke! The Irony!

 

    Although the Nixon thing... I'll bet you fall for that?  Can you even read a chart?

 

    I am Yen Cross!

Sat, 09/03/2011 - 22:58 | 1630598 janus
janus's picture

i am janus, and am yer friend (though i've been known to steal your thoughts from time to time -- and i'll do it again. mwahahahaha!!!!).

you have other friends that need your help on labor day; will you hear their call?

i've been reading you; you're a good egg.  i know the answer to the question already.

janus

Sat, 09/03/2011 - 02:33 | 1629074 e_goldstein
e_goldstein's picture

+1 for your moniker.

Fri, 09/02/2011 - 17:31 | 1628086 EnglishMajor
EnglishMajor's picture

69, dude!

Fri, 09/02/2011 - 18:02 | 1628234 caerus
Fri, 09/02/2011 - 17:37 | 1628116 Snidley Whipsnae
Snidley Whipsnae's picture

38 23 36

Fri, 09/02/2011 - 17:41 | 1628133 scratch_and_sniff
scratch_and_sniff's picture

Nice one whipsaw, all the data i can gather counts. But i wasnt asking for the price of milk.

Fri, 09/02/2011 - 17:55 | 1628202 Snidley Whipsnae
Snidley Whipsnae's picture

S&S... Pick any number you like for my guess, from the numbers that I provided. :)

Fri, 09/02/2011 - 18:18 | 1628279 scratch_and_sniff
scratch_and_sniff's picture

ok then, so your estimates are 3233,  2368, and 23683 !! ...you're in the wrong game chief.

Sat, 09/03/2011 - 00:11 | 1628921 Yen Cross
Yen Cross's picture

Hey snidley, Your Breast size you panzy?

Fri, 09/02/2011 - 17:49 | 1628172 Snidley Whipsnae
Snidley Whipsnae's picture

S&S... The US Navy once found a missing submarine with this technique. All the Navy knew about the subs where abouts was that it was lost on a direct course between the Azores and NAS Norfolk, Va.

After searching in vain, the Navy got a lot of people to guess where the sub was on it's known course. The Navy then found the sub from the average of guesses, and the sub was found very close to the average of all guesses.

I tried this technique while handicaping horses... lost my azz... blamed it on the weather... or a transitory technical malfunction.

Fri, 09/02/2011 - 18:12 | 1628263 steelhead23
steelhead23's picture

Don't bet the horses, bet the jockies - more consistency.

Fri, 09/02/2011 - 18:21 | 1628283 mynhair
mynhair's picture

Silk colors - the only way to bet.

Except for those that cit on parade.

Sat, 09/03/2011 - 10:25 | 1629380 ToNYC
ToNYC's picture

Exactly, no horse ever won without a winning jockey in the saddle.

Fri, 09/02/2011 - 21:01 | 1628642 KowPie
KowPie's picture

Bet on the vet injecting the horses.

Fri, 09/02/2011 - 21:28 | 1628680 CompassionateFascist
CompassionateFascist's picture

They found "a" sub. Not "the" sub. There's hundreds of 'em out there. Mostly w the crews still inside. Down on the bottom, you could almost walk from one t'other.

Fri, 09/02/2011 - 23:20 | 1628861 Yen Cross
Yen Cross's picture

Bourbon or  Class?   I'm forgiving and you are?

Sat, 09/03/2011 - 00:15 | 1628925 Yen Cross
Yen Cross's picture

Snidley we can go options?  A call or put on ( spx) minis for sept 22 calls?  You are a puke! Hey snidley I'm tired of giving you tips!

 

      Snidley ( chf what) and why? you clown!

Sat, 09/03/2011 - 00:17 | 1628928 Yen Cross
Yen Cross's picture

I'll never junk you Snidley! You are a drunk! Not  worth wasting my time on!!!>

Fri, 09/02/2011 - 17:49 | 1628177 max2205
max2205's picture

666 there's that number again. Gulf news:
"Federal authorities said 169 of the 617 staffed production platforms have been evacuated, along with 16 of the 62 drilling rigs. That's reduced daily production by about 666,000 barrels of oil and 1.7 billion cubic feet of gas.

Fri, 09/02/2011 - 18:00 | 1628221 NetworkError
NetworkError's picture

This won't work becuase the observed is being influenced by the observer. Sort of like Heisenberg's Uncertainty Principle applied to economics.

Fri, 09/02/2011 - 18:11 | 1628261 scratch_and_sniff
scratch_and_sniff's picture

So, if i showed 150 people a chart from say 5 years ago, and asked them to have a guess about the charts progress in a month from where it was dated, would they fair any better? When you think about it, the chart i show them would have already happened so the observer would no longer be influencing the price...would they guess correctly though? And if they did, what would it mean?

Sat, 09/03/2011 - 17:14 | 1630011 blunderdog
blunderdog's picture

It is an interesting experiment, but you really have to try it to learn anything.

The thing about estimates of physical properties (jellybeans, weight of a hog, etc) is that *everyone* has some ability to gauge these things, and the reason a large sample is so accurate could be because individual biases to guess high or guess low may all correct to a very accurate mean.

In the case of a market prediction, there are at least 2 really major differences. 

1) NOT everyone has any idea what a market price chart looks like

2) most folks who have spent a long time analyzing prediction strategies have concluded that price behavior doesn't follow set or standardized patterns--see "drunk walk"

I suspect the experiment would fail to demonstrate the same effect--you'd get an average prediction that wouldn't be too far wrong, but it wouldn't be better than half the estimators.

Fri, 09/02/2011 - 18:20 | 1628285 caerus
caerus's picture

the heisenberg problem amounts to a refusal to distinguish the observed from the observable 

Fri, 09/02/2011 - 19:12 | 1628419 knukles
knukles's picture

Yeah... kinda like when I'm shakin' my pecker around real fast I'm not quite sure how big it is?

Fri, 09/02/2011 - 19:15 | 1628426 caerus
caerus's picture

no one is, really...

Fri, 09/02/2011 - 19:19 | 1628435 scratch_and_sniff
scratch_and_sniff's picture

lol, yeah its a shame you have to stop spinning it at some point.

Sat, 09/03/2011 - 08:17 | 1629254 goldfish1
goldfish1's picture

238

Sat, 09/03/2011 - 08:43 | 1629276 Woodrox
Woodrox's picture

1week 980

1month 850

yearend 1000

 

Sat, 09/03/2011 - 09:05 | 1629296 Landrew
Landrew's picture

Sadly they are not the same measurments! Jellybeans have a size, cows have a size and weight per pound. The S&P has nothing of constant measure. You would only be guessing if the Fed adds a TRILLION to spending.

Fri, 09/02/2011 - 18:58 | 1628380 navy62802
navy62802's picture

This idea is not really all that revolutionary. We live the Age of Oil. Literally everything around us is a product of this fossil fuel ... anything that is made of plastic, anything that is shipped vast distances, our 25+ mile daily commutes to work, etc. When the oil runs out, so will our current age of civilization. What will take the place of oil? I don't know. But I hope I am long dead before the black gold runs out. Because when it runs out, there will be chaos on a scale not seen before in the history of mankind.

Fri, 09/02/2011 - 21:14 | 1628659 WebWeasel
WebWeasel's picture

Dude, check the rear view mirror. Conventional oil peaked in 2005.

Fri, 09/02/2011 - 21:20 | 1628671 Ellesmere
Ellesmere's picture

Cool ! Thx

Fri, 09/02/2011 - 22:19 | 1628771 I think I need ...
I think I need to buy a gun's picture

i think we are very close.....this weekend and next week will determine alot......i can feel something BIG. GOLD REVALUATION BITCHEZ

Sat, 09/03/2011 - 00:07 | 1628919 Oh regional Indian
Oh regional Indian's picture

It will indeed. All loaded dates, 9th Sep, 11th Sep and then of course the 20th AND the 21st. And isn't there an anonymous protest somewhere in the midst of it all?

Feels like we are winding up for some big throw. 

V

http://aadivaahan.wordpress.com/2011/09/02/first-print-and-some-amazing-reading/

Sat, 09/03/2011 - 08:58 | 1629292 slewie the pi-rat
slewie the pi-rat's picture

ORI is not an advertizing bot

trust me!

Sat, 09/03/2011 - 11:34 | 1629468 SuperRay
SuperRay's picture

Dude, that's not a gold bar you're feeling.  get your hand out of my pants...

Sat, 09/03/2011 - 02:29 | 1629070 e_goldstein
e_goldstein's picture

Entropy, indeed. Bitch.

Fri, 09/02/2011 - 17:17 | 1628015 CClarity
CClarity's picture

Go Greek!

Fri, 09/02/2011 - 17:22 | 1628033 Gene Parmesan
Gene Parmesan's picture

I have a question. If we're already in either a recession or a depression, then why is msnbc.com blasting the headline "NO JOB GROWTH? NOT NECESSARILY A RECESSION SIGN"? Ms Allisson Linn seems to have an illustrious track record of writing on finance and the economy for "Today Money's Life Inc. blog" - what gives?

Fri, 09/02/2011 - 17:27 | 1628072 andybev01
andybev01's picture

HA!

I read that headline and came up with 'Giant tumor on the back of your head, not necessarily cancer!'

 

Fri, 09/02/2011 - 17:30 | 1628084 Snidley Whipsnae
Snidley Whipsnae's picture

msnbc.com ?

If Ms Linn was sans job do you suppose her view of recession/no recession would be affected?

"Todays Money's Life Inc.blog" Did not find it in a google search... but, I did find this one and it's pablum for zombies... here is todays lead story...

"Do extra fees and surcharges have you feeling unloved by your financial institution? Money magazine’s Amanda Gengler explains how you can end a taxing relationship with your bank and move on to a happier fiscal future."

Why not tell the 'financial institution' to go suck on it ...and find a small local bank or credit union that is less likely to screw their customers?

 

Fri, 09/02/2011 - 18:40 | 1628337 Ray1968
Ray1968's picture

Speaking of Financial institution and suck... If any sucker was still holding on to BAC I hope you got out at that very brief $8 window... because that bitch is closed now.

Fri, 09/02/2011 - 19:51 | 1628505 11b40
11b40's picture

Hey IQ145!  You list'n to Ray?

Fri, 09/02/2011 - 21:05 | 1628647 KowPie
KowPie's picture

Currently $7.25 and falling. Nice.

Fri, 09/02/2011 - 19:20 | 1628437 knukles
knukles's picture

Why?  Why you ask is MSNBC not banging on "Why the fuck we'are already in a recession?" 
Seriously?  Seriously you jest?
Like possibly the most leftist leaning amongst the MSM with the exception of the Socialist Worker's Party Daily, all but living up the rectum of His Missiah the Highness and Replacent of God Hisself, who's Moved on Up To The West Wing in the Sky and can do No Wrong.  And you ask...  "Why?"
Why indeed, in turn, I might ask you "Why" you cite somebody named Allisson Lin who I will bet you most serious folks in the investment busines have never ever heard of nor have reason to.
And you ask "Why?"
Get a grip.

Fri, 09/02/2011 - 22:10 | 1628751 Crisismode
Crisismode's picture

Knuckles . . .

 

Time to go to the refridgerator and get your meds.

 

Yep, there on the second shelf from the bottom, in the little green bottles. Just take one, ONLY ONE, of each, with a glass of cold filtered water.

 

There now, you will be Okay in just a few minutes.

 

Just relax until then. Listen to some calming music. It will all be alright soon.

Thu, 09/08/2011 - 10:02 | 1645831 Gene Parmesan
Gene Parmesan's picture

Sorry, knukles. I was (seriously) jesting. I figured the reference to "Todays Money's Life Inc.blog" made it obvious.

Fri, 09/02/2011 - 20:57 | 1628635 disabledvet
disabledvet's picture

Like i said "we've been in recession for the past nine months but we're coming out of it now." when will you all stop listening to the economists and start listening to me?

Sat, 09/03/2011 - 02:05 | 1629046 StychoKiller
StychoKiller's picture

So, we're coming out of "it" now...what are we getting INTO?

Fri, 09/02/2011 - 18:02 | 1628232 Cash-NonCash
Cash-NonCash's picture

second.  Anyway, Tuesday we will open nicely down if only because of the treasury auction and the manipulation required to make it 100% successful.

Fri, 09/02/2011 - 18:20 | 1628287 Cammy Le Flage
Cammy Le Flage's picture

BAHAMAS BITCHEZ!

Fri, 09/02/2011 - 18:35 | 1628320 55 men
55 men's picture

 

 I found this a couple years ago and loved it. 

3 Little Pigs Adjusted for Inflation

 

By John Galt
Once upon a time there were three little pigs. Each of the little pigs had their own ideas but two of them went to public schools where they were trained in Keynesian idealism while the third little pig won a scholarship to Hillsdale and learned the Austrian economic theory. The first little pig took one look at the other two and walked off muttering “you two are so ignorant! I’m taking advantage of my agricultural subsidies to build my house.” And with that he elected to cut the wheat down he spent all season growing and make it into a firm strong house, much better than hay as he could grind into flour if he got hungry. Then suddenly, one day, the inflationwolf knocked on his door screaming “Hey little piggy, I know you’re in there! Open the door or I’ll huff and I’ll puff and I’ll blow your house in!” The little piggy just laughed and yelled back at the inflationwolf, “Kudlow and Cramer said you are just a figment of my imagination. Now leave me alone as I buy more stocks while the market crashes because my television told me too!” The inflationwolf, puzzled and now angry yelled back “I am the ultimate tax and in a second you shall see!” With that utterance the inflationwolf inhaled, and inhaled, and inhaled until he blew so hard wheat was flying everywhere. Much to the inflationwolf’s surprise the door still stood but there was a fat little piggy screaming at his locked up E*Trade screen as the market continued to plummet. And just like that the first little piggy was devoured in a pig roast and the inflationwolf became the talk of the town as Emril’s barbecue sauce was still affordable and quite tasty on that first little piggy for the town’s first ever Inflationary Pig Roast.

The second little piggy was quite horrified at this turn of events. He was more resolved than ever to follow the Keynesian ideals of his education and decided to build his house out of fiat dollars. He made the trip down the street to the local Federal Reserve branch where the second little piggy claimed hardship and dumped a bucketful of derivatives as a long term TAF deposit, enabling the little piggy to obtain billions of fiat dollars so his house would be insulated, thick and secure as the dollar was always the strongest currency to build on. After finishing his home, the happy little piggy stood in amazement, smiling back at Jefferson and Franklin , Lincoln and Washington , and just how huge the house was he was able to build. Then one afternoon as the second little piggy was watching Maria ask “It’s 4 o’clock, do you know where your money is?”, there was a loud knock at the door. A slightly fatter but much bigger looking inflationwolf was standing at his door screaming “Alright piggy, I know you are in there! Open the door now or I’ll huff and I’ll puff and blow your house in!” The second little piggy laughed and yelled back “hey Maria’s talking to Dillon now. Shut up or I’ll whack you upside the head with one of my bags of bonds I use for self-defense you pesky wolf!” The inflationwolf took one wheeze, put his cigarette out and huffed, and puffed and whoooooooooooossssshhhhhhhhh the dollars flew all over town and it rained money for days. And in the middle of a concrete slab there was a little piggy, holding his remote and hiding behind a bag of bonds. The inflationwolf just chuckled “guess who’s coming to dinner” and with that snatched the little piggy from his perceived place of safety. The second piggy was the surprise pig roast but due to the inflationwolf being very busy, they had to use the store brand barbecue sauce that was on sale as everything else was getting pretty darned pricey. The second little piggy was a wee bit tougher but the town’s pig roast was excellent as the monetary rain storm the day before had everyone drunk and delirious shopping on eBay for useless widgets as they chowed down on ham hocks.

The third little piggy was the wisest one of them all. He thought “that inflationwolf is clever, but there is a way to defeat him.” The third little piggy took his fortunes from working hard and saving and bought hundreds upon hundreds of gold bars and mortar. He painted the bars to look like bricks and built a solid house with a cast iron door which would handle almost any storm that mother nature or the Fed could unleash. As expected, the inflationwolf showed up smoking his food stamp purchased smokes and getting fatter than ever. He wheezed at the top of his voice “Alrighty then! This is your worst nightmare! I’m the inflationwolf here to take you away from your slovenly life of excess in this house of yours! Now open this door piggy or I’ll huff and I’ll puff and I’ll blow your house in!” The third little piggy yelled back “go for it fatso” and with that the inflationwolf huffed and puffed and blew and blew. But the house stood firm. The inflationwolf, ready to pass out and wheezing from air tried one more time. He inhaled and huffed, and puffed, and huffed, and puffed and blew it as hard as he could. Yet the house of gold stood firm. The little piggy yelled out to the inflationwolf “had enough yet fatso?” To which the inflationwolf yelled back “no fair, no fair, you have to have had government help!” The piggy yelled back “nope and just some advice if you try to break in, I’m a 2nd Amendment piggy and will blow you away!”

The dejected inflationwolf went whimpering down the driveway crying as he had failed again, as all his ancestors have, to defeat the house of gold. And with that he thought “I wonder if Little Red Riding Hood tastes good with the garlic onion grilling sauce.”

The moral of the story:

If you live in a house built on a fiat foundation it’s not indestructible. And Austrian educated golden piggies live longer, happier lives…..

 

 

Fri, 09/02/2011 - 18:53 | 1628372 scratch_and_sniff
scratch_and_sniff's picture

Yeah, the children’s stories are always the best for propagandizing, there is a simplicity about them that makes it easy for opportunists to get a point across.

Fri, 09/02/2011 - 19:02 | 1628394 55 men
55 men's picture

Almost as annoying as someone who spams up the enitire comments section just to be argumentative with their personal propaganda.

Fri, 09/02/2011 - 22:06 | 1628743 scratch_and_sniff
scratch_and_sniff's picture

I never said anything about being annoying, all i said was that children stories were easily propagandized...easy to get the retards on board etc, no offence.

Fri, 09/02/2011 - 22:31 | 1628786 Crisismode
Crisismode's picture

NO,

 

YOU are the one that is ANNOYING!

 

Get it dumbFuck??

Fri, 09/02/2011 - 22:39 | 1628802 scratch_and_sniff
scratch_and_sniff's picture

calm down dear. Dont bite your tounge off, you might need it one day.

Fri, 09/02/2011 - 19:02 | 1628395 Chump
Chump's picture

Thanks for sharing that.

Sat, 09/03/2011 - 14:08 | 1629720 RockyRacoon
RockyRacoon's picture

Note that gold bars, not GLD shares were the building blocks.   This from Hornig:

Tracking Gold

By Doug Hornig

Recently, we've received a number of emails from readers asking why the primary gold ETF, SPDR Gold Trust (NYSE: GLD), doesn't more closely track the price of gold, and other related questions. For those readers who aren't already familiar with the workings of this innovative way to "own gold," it's worth going over a few of the details, because there are some common misunderstandings regarding the ETF.

The creators of GLD were as savvy as it gets. They saw a market crying for something like this and turned that need into one of the most successful new financial products ever introduced. The ETF burst upon the scene in November of 2004 and was immediately latched onto as a means of riding the gold bull market without the inconvenience of having to transport and securely store actual bullion. In the past seven years, its rise has been meteoric. It has steadily ascended the list of the world's leading gold repositories, until today it has the sixth-largest global stash of the metal, at more than 1,230 tons, or 39.57 million ounces, worth over $70.7 billion.

First misconception: Contrary to popular opinion, the SPDR Gold Trust does not buy and sell gold. It creates and redeems paper shares in the company. These are passed through a group of market makers, who trade them on the NYSE, then deposit into or withdraw from the HSBC vault in London the corresponding amount of physical bullion, in the form of 400 oz. London Good Delivery bars.

And even that description is somewhat misleading. GLD deals only in "baskets" of 100,000 shares, with the goal being for the share price to track gold's market value as closely as possible. Since each share represents slightly less than a tenth of an ounce of gold, that means each basket must trade close to 10,000 ounces of gold. That'd be impractical if the buying and selling had to be done on the open market.

So how do they pull it off? Well, the company is not exactly forthcoming about its inner workings, but after extensive conversations with officials, I was able to determine that what actually happens is that the gold is moved either into or out of the GLD-allocated section of HSBC's vault, to or from another section of that same vault. When I found that out, I envisioned a guy on a yellow forklift, driving pallets laden with thousands of ounces of gold back and forth across the vault floor. Such a job.

Beyond the basics, we don't know much. You will not be allowed to see the vault, whether or not you are a GLD shareholder and no matter how many shares you own. In fact, a high Trust official in New York told me that even he isn't allowed inside there.

For the most part, GLD does a pretty good job of following the spot price of gold. A share will never be priced exactly at the value of a tenth of an ounce of metal, simply because the Trust deducts transaction fees and other expenses. But it's close. During August of 2011, for example, the net asset value (NAV) of a share of GLD varied from 97.3635-97.3867% of the gold price, as fixed each day at 10:30 a.m. New York time.

However, if you are an investor in GLD, or are considering becoming one, there are a few things to keep in mind. First of all, it can't be stressed enough that this is a paper asset. It is not a way to buy gold and have someone else store your holdings for you. That can be done in other ways. There are depositories that specialize in this service, both domestically and in foreign jurisdictions like Switzerland. But that isn't what GLD is about.

Now theoretically, it is true that you can convert your GLD shares to physical gold and take delivery of it. But practically, you can't. For one thing, you have to be approved to do so (generally meaning, you're either a broker or a market maker), and then you have to redeem a minimum of 100,000 shares. And even if you meet those qualifications, buried in the firm's prospectus - a very tough read, by the way, but you can get a copy at their website if you want to try your luck - is a provision stating that they have the option of redeeming such shares in cash equivalent rather than bullion.

This is to say: If there is a sudden run on physical gold, GLD is not contractually obligated to provide actual metal, in exchange for however many shares, to anyone.

Thus our position has always been: Hold as much gold in coins and bullion as you comfortably can. Use the ETFs to generate profits if you like, but make sure you realize that all of those profits will be of the paper variety.

Furthermore, there is the little matter of taxation. You may well understand that GLD shares are not a substitute for precious metals, and you may be in it only as a way to make money from a rising gold price by simply placing an order with your regular stock broker. If so, well and good. But what you may not know is that GLD shares, although they trade like stock, are not stocks in the same sense as Apple shares. Not when the taxman cometh.

If you buy shares of Apple, and hold them long term, for more than a year, then sell them, you are taxed at the prevailing capital gains rate, currently 15%. Gold, however, is considered a "collectible." If you buy gold coins, for example, and hold them long term, then sell them, your tax liability is at the rate for collectibles, presently 28%. If you sell them for a short-term profit, you're liable for taxes at the same rate as for ordinary income, which is determined by whatever bracket you're in.

Of course, GLD shares are not gold, as I've just taken some pains to point out. Ah, but here's the rub. GLD is structured as a grantor trust, not a mutual fund. A grantor trust is ignored for tax purposes so that the investor is treated as owning a pro-rata share of the underlying holdings, not the entity as it exists on paper. That is to say, if GLD were a mutual fund, shares would be taxed at the normal capital gains rate, but because it is a grantor trust, its long-term gains are taxed at the applicable rate for the gold it holds... which is 28%.

This situation leads to some rather odd tax peculiarities. Say your ordinary income is in the 25% tax bracket. You're actually better off selling GLD shares short term than you would be if you held them long term and got pushed into a 28% liability.

None of this is to disparage GLD. For ordinary investors, the ETF represents a way to (indirectly) participate in gold "ownership" without the hassle of actually taking physical delivery and finding a suitable place to vault your metal. Plus, there are no storage fees, bid/ask spreads, threats of theft, or dealer markups to worry about. And finally, for those who like to really play the market, shares are amenable to all the tricks of the securities trade. They can be optioned, shorted, hedged, bundled, margined, whatever. Little wonder GLD is so wildly popular.

So use GLD if you are of a mind to. Just be certain you understand what it is you are dealing with.

 

Sat, 09/03/2011 - 15:16 | 1629814 snowball777
snowball777's picture

"Grandma, what big teeth you have..."

You forgot the part about where the house made of golden bars shrunk down to a 1 bedroom condo in Boca after Little Red escaped from the belly of the beast.

http://www.youtube.com/watch?v=9l-DtidfD2M

 

 

Fri, 09/02/2011 - 19:18 | 1628432 High Plains Drifter
High Plains Drifter's picture

peaceful stress free, labor day open thread????  i don't think so. uncle high is here now to turn this thread into a monster...

Sat, 09/03/2011 - 00:53 | 1628968 Peter_Griffin
Peter_Griffin's picture

Looks like first is the worst mutha fuka

Fri, 09/02/2011 - 17:11 | 1627965 Highrev
Highrev's picture

Have a good one.

Fri, 09/02/2011 - 18:03 | 1628235 DoChenRollingBearing
DoChenRollingBearing's picture

Thanks you too.

I just wrote my take on the Debt, Au now priceed (a bit) higher than Pt and the banks getting sued there at my blog.  Anyone curious?  Send me a gmail at my name above and assure me you will behave and I will send the link.  I ask this because I publish it under my own name.   Over 200 readers from Zero Hedge can't be wrong!

Fri, 09/02/2011 - 18:11 | 1628262 TheMerryPrankster
TheMerryPrankster's picture

If 200 ZH readers know your true identity, you ain't really anonymous anymore Superman.

p.s. Lex Luthor knows about your summer home AKA the Fortress of Solitude.

Fri, 09/02/2011 - 18:18 | 1628276 andybev01
andybev01's picture

...?

 

Who the hell names their kid DoChenRollingBearing?

Fri, 09/02/2011 - 18:29 | 1628309 DCFusor
DCFusor's picture

If you knew him, you'd understand...

Fri, 09/02/2011 - 19:26 | 1628446 knukles
knukles's picture

Who are Mr. and Mrs. RollerBearing, Alex?.

 

Fri, 09/02/2011 - 20:32 | 1628602 James
James's picture

DoChen is his name

Roller bearings is his game

He says Timken sucks

Sat, 09/03/2011 - 12:22 | 1629537 Kayman
Kayman's picture

Study up on bearings my friend.

FAG sucks !

 

Sat, 09/03/2011 - 13:35 | 1629660 Hulk
Hulk's picture

DoChen states that Timken sucks? Why that sonofabitch!

Fri, 09/02/2011 - 18:57 | 1628379 DoChenRollingBearing
DoChenRollingBearing's picture

Superman, yeah I wish.  My blog is not a fight club.

Glad I do not have any fearsome enemies like Lex L.  Unless I do...

Sat, 09/03/2011 - 07:46 | 1629231 doggings
doggings's picture

If 200 ZH readers know your true identity, you ain't really anonymous anymore Superman.

lol, Google search for: dochen+bearing+blog+gold to see just how anonymous you are.

Fri, 09/02/2011 - 17:12 | 1627970 RmcAZ
RmcAZ's picture

Bathtub, bitchez

Fri, 09/02/2011 - 17:13 | 1627976 unky
unky's picture

Gold, Silver + Platinum bitchez

2012 Dragon coinz bitchez

Fri, 09/02/2011 - 17:14 | 1627980 caerus
caerus's picture

i'm year of the rabbit...those are some nice coins

Fri, 09/02/2011 - 17:15 | 1627999 unky
unky's picture

it doesnt matter what year you are. chinese collect dragons for their new year in january, so front-run them

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