shorty Posted March 2, 2009 Report Share Posted March 2, 2009 bear bonar aSS expected, right on schedule Doh 30 fraudex sportin' a six-handle Link to comment Share on other sites More sharing options...
curious Posted March 2, 2009 Report Share Posted March 2, 2009 I love the Rockies. Last year I went MTBing in the BC Rockies, and this year we went to Utah. Talk about crapping your pants. Fast forward to about 4'00" in this clip of Porcupine Rim from my helmetcam (sound disabled by The Man): ... I've done Porc Rim trail twice in late 90s. Superb riding, but I admit I walked some sections along the Jackass canyon. While technically rideable at my skill level any fall to the right side would be 100% death. Fortunately the majority of the trail has no exposure at all. Moab area is beautiful and outlandish, I think everyone must visit it at least once in his life. Link to comment Share on other sites More sharing options...
curious Posted March 2, 2009 Report Share Posted March 2, 2009 It is indeed possible, althought not imaginable. Now. What I want to add: Even the mass media says that the current so called "financial crisis" is the worst since the 1930s. Unbelievable amounts of money getting pumped into the system.... and so on. I ask: Given that, WHY should we NOT go to unbeleivable LOW stock market levels? Wouldnt that rhym? To me it would be very logical to see the Dow at 2500 or something like that. If it happens we will see, but I wouldnt be shocked to see it. here is the Dow monthly with log fibo (blue) and lin fibo (red) 5775 is the next target, maybe in the next few weeks, if we get acceleration to the downside which is likely given the effin ugly monthly close on friday. That we see 4157 during the course of this mega bear market is quite likely since there we have also the monthly SMA 500 (see, once the 200 is broken and lost, price tries to find next significant MA), before we see 2844 we maybe need to get a complete bull wave first, but it cant be ruled out that we see it also during this bear market. Fact is: Fridays monthly close was so damn ugly... the chart simply looks as bearish as it can get. I've posted this before but I personally think it is important enough for another post. I think that when analyzing century long charts we need to correct them for inflation. Like this one here. description here: http://home.earthlink.net/~intelligentbear/com-dj-infl.htm Link to comment Share on other sites More sharing options...
curious Posted March 2, 2009 Report Share Posted March 2, 2009 On Austrian discussion - while I completely agree with their monetary views there is one thing I do not buy. I think that a tendency to grow the company size eventually forming monopolies will be equally strong in unregulated and monetary sound economies. Once average economic entity size grows the interaction between them will become less and less market-like. They will tend to stick in highly suboptimal Nash equilibrium state. Link to comment Share on other sites More sharing options...
curious Posted March 2, 2009 Report Share Posted March 2, 2009 In a highlight of this weekend pessimistic discussion (uber-scary for me since I have small kids) the second meaning of Obama's slogan "We need change" suddenly hit me in a rather uncomfortable way Link to comment Share on other sites More sharing options...
stealthbear Posted March 2, 2009 Report Share Posted March 2, 2009 I love the Rockies. Last year I went MTBing in the BC Rockies, and this year we went to Utah. Talk about crapping your pants. Fast forward to about 4'00" in this clip of Porcupine Rim from my helmetcam (sound disabled by The Man): or 2'30" in this clip of the Hurricane cliffs trails or most anything from this of Thunder Mountain I am afraid of heights and where I am going slowly it is because I am very very very afraid. That was one awesome video on the Porcupine Ridge. I am way too old to be riding a bike anywhere, but I love taking the 4 WD trails around Moab. Will be going there in two weeks over sping break, as I do every year. I will probably drive down the Shafer Trail from Canyonlands National Park into Moab. Spectacular scenery all the way! And about all the hairpin turns and drops to instant death that I can handle. Link to comment Share on other sites More sharing options...
shorty Posted March 2, 2009 Report Share Posted March 2, 2009 a hapless public, fooled once in the late 1990's tech stock bubble, and fooled again in the run-up back to the top in the Dow and S&P, only to see their common stocks crash again, converting their former 401k's into 201k's the first time and 101k's the second time, won't be fooled again to be duped again? a three-time loser? no way common stocks will be shunned for a generation but gold.....ah, yes, it's overbought......but who has lost money in gold the last few years? nobody, save for a few reckless short-term traders gold is glittering, gold is a winner if the public ever gets any extra cash, they will put it in gold, to feel like a winner in something again the collective mindset is conditioned now for higher gold prices common stocks? fergit about it but gold? yes at the cocktail parties and tailgate parties and family holiday get-togethers who wants to admit they own common stocks, or investment condos in Floriduh? nope, everybody's gotta get at least some gold, so they can say yup we're in gold it will take a long time for the gold bull market to end Link to comment Share on other sites More sharing options...
phatbubble Posted March 2, 2009 Report Share Posted March 2, 2009 ES 722.25 -12 Link to comment Share on other sites More sharing options...
shorty Posted March 2, 2009 Report Share Posted March 2, 2009 Some liberals come from common stock and have worked every day of their f'n lives. Do not make me get all protestant on your (jick) ass. of course some liberals have to work there are both unsuccessful people and successful people of all persuasions he didn't say no liberals work he was referring to a minority of liberals in a particular location I don't think it's a matter of financial success it's a choice to believe what you want to believe Who actually makes that choice is a much more interesting question for those who understand that Link to comment Share on other sites More sharing options...
Jimbo Posted March 2, 2009 Report Share Posted March 2, 2009 BRK A BUY Now sells for near book of $70k. To think it sold for $147K - twice book value - it was seen as a safe haven. Doug Kass was absolutely right to short it. It was a "Last man standing" stock - the sort of stock everyone rushes to to hide in in the storm - until it gets blown down at the end. Someone should invent a term for such stocks - how about "straw refuge" stocks So got really overvalued like GS - another "straw refuge" stock Link to comment Share on other sites More sharing options...
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