DrStool Posted July 13, 2007 Report Share Posted July 13, 2007 New intraday SPX ATH? Check.Pinjob just above ATH? Check. Equity P/C ratio pinned at low? Check. OpEx next week? Check. Just anudder day at da casino? Check. 591112[/snapback] Link to comment Share on other sites More sharing options...
LeeWhee Posted July 13, 2007 Report Share Posted July 13, 2007 After an 88-month sabbatical, we now have a new, all-time high on the Spoozer. Yay. Link to comment Share on other sites More sharing options...
LeeWhee Posted July 13, 2007 Report Share Posted July 13, 2007 Looks like some spiteful f*cker sold off the Spooz cash right at the end, closing it slightly below the ATH. Probably Al Qaeda. Or maybe a jealous renter. Link to comment Share on other sites More sharing options...
potatohead Posted July 13, 2007 Report Share Posted July 13, 2007 345 new highs on NYSE 89 new lows not quite what you would expect at all time new highs. new lows should be much lower Link to comment Share on other sites More sharing options...
mmoy Posted July 13, 2007 Report Share Posted July 13, 2007 Looks like I didn't need to spend a quarter for puts yesterday. INTC did a round trip. I really just need the protection for Tuesday when they report earnings. I'm expecting a move to $27 but a little insurance would be nice. In related news: Barcelona processors fail to top Intel Core 2 AMD?s recently unveiled Barcelona processors are not fast enough to beat Intel?s Core 2 processors, according to a report from market anal cyst Gartner. The news comes as AMD was forced to admit that some of the benchmark tests for the processors, posted on its web site, are incorrect and potentially misleading. According to Gartner anal cysts Martin Reynolds, John Enck and Stephen Kleynhans, the low 2GHz clock speed of the Barcelona processors poses no immediate threat to Intel?s Core 2 dominance. http://www.vnunet.com/crn/news/2194200/bar...essors-fail-top ---- Of course AMD was up 0.55% on this news. Nice screamer of a move on CREE today. It didn't partake of the fun yesterday and made up for it today. A bit of a selloff in the SPYs and DIAs AH. Someone did a nice job painting the tape for today. I'm sure longs will have an itrchy trigger finger Monday morning. I know I will. Link to comment Share on other sites More sharing options...
mmoy Posted July 13, 2007 Report Share Posted July 13, 2007 Looks like some spiteful f*cker sold off the Spooz cash right at the end, closing it slightly below the ATH. Probably Al Qaeda. Or maybe a jealous renter. 591118[/snapback] Did you sell your SDS today? I think that you mentioned a relatively tight stop on the other half. Link to comment Share on other sites More sharing options...
elh Posted July 13, 2007 Report Share Posted July 13, 2007 After Iraqi goat-herders complained $25M buys half the number of goats it did 2 year ago... _________________ Senate votes to double U.S. bounty on bin Laden By Richard Cowan 1 hour, 46 minutes ago WASHINGTON (Reuters) - The U.S. Senate on Friday voted to double the bounty on Osama bin Laden to $50 million and require President George W. Bush to refocus on capturing him after reports al Qaeda is gaining strength. ADVERTISEMENT By a vote of 87-1, the Senate set the reward for the killing or capture, or information leading to the capture, of the mastermind of the September 11 attacks on the United States. Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted July 13, 2007 Report Share Posted July 13, 2007 For every bin Laden they do away with, two bin Ladens step forward. Unlike the US, instead of trying to accomplishing agendas in days these radicals will wait centuries. With a higher reward all they do is put him on a higher pedestal. Link to comment Share on other sites More sharing options...
potatohead Posted July 13, 2007 Report Share Posted July 13, 2007 After Iraqi goat-herders complained $25M buys half the number of goats it did 2 year ago..._________________ Senate votes to double U.S. bounty on bin Laden By Richard Cowan 1 hour, 46 minutes ago WASHINGTON (Reuters) - The U.S. Senate on Friday voted to double the bounty on Osama bin Laden to $50 million and require President George W. Bush to refocus on capturing him after reports al Qaeda is gaining strength. ADVERTISEMENT By a vote of 87-1, the Senate set the reward for the killing or capture, or information leading to the capture, of the mastermind of the September 11 attacks on the United States. 591122[/snapback] unless you have a highly classified clearance level, finding Bin Laden is a waste of time. He is protected in a very deep hole. Link to comment Share on other sites More sharing options...
elh Posted July 13, 2007 Report Share Posted July 13, 2007 Ron Paul said it best: The war on terrorism is not a war because terrorism is really a tactic. Just another excuse by the government to wage endless war, increase the military-industrial complex, and steal our civil liberties. Nobody really wants to capture Bin Laden. Least of all, Rudy Mussolini. Link to comment Share on other sites More sharing options...
lineup32 Posted July 13, 2007 Report Share Posted July 13, 2007 one the many assumptions about oil supplies is that exporting nations will be happy to continuing this practice since it is their single greatest source of income. The problem is many of these exporters use of oil itself has risen over time, since energy usage leads to a higher standard of living , so their own internal needs for oil have to be part of the availability to export issue. One of the posters on the Oil Drum has been discussing this issue: A bit: This is a post by Jeffrey J. Brown, an independent petroleum geologist in the Dallas, Texas area. As Matt Simmons pointed out several years ago, the critical problem with post-peak exporting regions is that we would have two exponential functions (declining production and generally increasing consumption) working against net exports. From the point of view of importers, it is quite likely that we are facing a crash in oil supplies. In my opinion, what I have described as the ?Iron Triangle? is doing everything possible to keep this message from reaching consumers. In an essay posted on The Oil Drum blog in January 2006, I warned of an impending net oil export crisis, and I used what I called the Export Land Model (ELM) to illustrate the detrimental effect on net oil exports of declining production and increasing consumption. Figure One is a simple graph that illustrates the ELM. link: http://www.theoildrum.com/node/2724#comments Also a few passages from Adm. rickovers comments in 1957 : I think no further elaboration is needed to demonstrate the significance of energy resources for our own future. Our civilization rests upon a technological base which requires enormous quantities of fossil fuels. What assurance do we then have that our energy needs will continue to be supplied by fossil fuels: The answer is - in the long run - none. The earth is finite. Fossil fuels are not renewable. In this respect our energy base differs from that of all earlier civilizations. They could have maintained their energy supply by careful cultivation. We cannot. Fuel that has been burned is gone forever. Fuel is even more evanescent than metals. Metals, too, are non-renewable resources threatened with ultimate extinction, but something can be salvaged from scrap. Fuel leaves no scrap and there is nothing man can do to rebuild exhausted fossil fuel reserves. They were created by solar energy 500 million years ago and took eons to grow to their present volume. For it is an unpleasant fact that according to our best estimates, total fossil fuel reserves recoverable at not over twice today's unit cost, are likely to run out at some time between the years 2000 and 2050, if present standards of living and population growth rates are taken into account. Oil and natural gas will disappear first, coal last. There will be coal left in the earth, of course. But it will be so difficult to mine that energy costs would rise to economically intolerable heights, so that it would then become necessary either to discover new energy sources or to lower standards of living drastically. One final thought I should like to leave with you. High-energy consumption has always been a prerequisite of political power. The tendency is for political power to be concentrated in an ever-smaller number of countries. Ultimately, the nation which control - the largest energy resources will become dominant. http://www.theoildrum.com/node/2724#comments Link to comment Share on other sites More sharing options...
elh Posted July 13, 2007 Report Share Posted July 13, 2007 Canada will rule the world. Go Canucks! Link to comment Share on other sites More sharing options...
DrStool Posted July 13, 2007 Author Report Share Posted July 13, 2007 Looks like some spiteful f*cker sold off the Spooz cash right at the end, closing it slightly below the ATH. Probably Al Qaeda. Or maybe a jealous renter. 591118[/snapback] Did you sell your SDS today? I think that you mentioned a relatively tight stop on the other half. 591121[/snapback] I think he reported yesterday that he had closed it? Still long that half loaf of Crisco, I think? Link to comment Share on other sites More sharing options...
mmoy Posted July 13, 2007 Report Share Posted July 13, 2007 Looks like some spiteful f*cker sold off the Spooz cash right at the end, closing it slightly below the ATH. Probably Al Qaeda. Or maybe a jealous renter. 591118[/snapback] Did you sell your SDS today? I think that you mentioned a relatively tight stop on the other half. 591121[/snapback] I think he reported yesterday that he had closed it? Still long that half loaf of Crisco, I think? 591129[/snapback] He said that he had sold half on either Tuesday or Wednesday (sounds like some pretty good profits) and that he was holding some - this was the podcast which was before the market close. He might have sold the rest - I was in and out yesterday afternoon. Link to comment Share on other sites More sharing options...
DrStool Posted July 13, 2007 Author Report Share Posted July 13, 2007 Canada will rule the world. Go Canucks! 591128[/snapback] Most of the ones listed in Maurice are within 15 minutes of my home. Link to comment Share on other sites More sharing options...
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