144 replies to this topic
Posted 15 January 2010 - 05:12 PM
speaking of painting the tape
One day sometime in the future he'll [Cramer] come blubbering and whimpering on air half naked and smeared with his own feces. It'll be the buy signal of the decade. --PhatBubble
One thing I think is certain. The more the world's central banks act to suppress the cost of long term capital, the more of it the market will demand, thereby keeping upward pressure on yields until the CBs have no choice but to relent. At that point we should see a massive final blowoff similar to that which occurred in 1980 and 1981. --Doctor Stool
In a topsy turvy world, growing more and more insane by the minute, terminal eccentricities, like buying Fanny, are barely noticed--Beardrech
"[George W. Bush] is Woodrow Wilson on amphetamines." --Patrick J. Buchanan
"I simply don't know where the money is." --John Corzine
Posted 15 January 2010 - 05:15 PM
OK. There's no way I'll get a Fed Report out tonight. Sorry. Will be on the road over the weekend, but should have some time to do some writing on Sunday. So game plan calls for posting the report Monday evening if all goes well.
Monday is a holiday. Mock it closed. Have a great weak end!
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Posted 15 January 2010 - 05:32 PM
Dow weekly log chart with log fibo
A false break of the downtrend during the week, close belwo the line. Situation looks like like it looked when the 38 fibo was first tested: When white candle above it, then the doji, then it was down. Will that play out again? Why not. But bears must really attack now.
'patriot' is formed with 'patria' and 'idiot'
Posted 15 January 2010 - 05:36 PM
A quick cross-section of today's closes compared to the closing averages on 12/28 is outright eerie, showing practically NO CHANGE. SPX, COMPQ, RUA, WLSH, QQQQ, INDU.......
These 'things' are a huffing and 'da puffing and coming right back to where they all started.
We still don't know what the houses are made of, 3 Friday's into the New Year.
I think they're all filled with helium balloons, a la PPT, regardless of the walls surrounding them.
Posted 15 January 2010 - 05:50 PM
They gonna split Berkshire-Hathaway's B shares for more liquidity.
Usually stocks jump on a split -- is this one, coming at this time, really a sign of weakness? Or is the high share price genuinely preventing people from buying?
Of course I'm caustic!
Posted 15 January 2010 - 06:08 PM
Looks like it's down to the Three Musketeers ...
And ... An Ant
And a Lake for each ... assuming the Ant doesn't want one ...
Edited by PyurAureo, 15 January 2010 - 06:10 PM.
Posted 15 January 2010 - 06:34 PM
Stop the Madness
Posted 15 January 2010 - 06:45 PM
Well, I tried to play TAN on the short side with near expiry Jan $10 puts
Bought a bunch late last week and got filled at $0.05
I knew the only way that these thing would payoff is if TAN took a large dump early in the week.....it didn't
So I decided to sell them back at $0.05 yesterday in the hope that I could salvage the cash to fight another day....a break even trade
Got filled right near the close yesterday -- so net net, nothing to report
Had I held the position on the hope that it went ITM by the close today....what would I have recieved?
They parked it at $10.06
Anyone want to hazard a guess as to Max Pain?
Posted 15 January 2010 - 06:48 PM
Spent most of the week in NYC helping my daughter fix-up her apartment, which is a couple blocks down from the NYSE. Lots more security types scouting the streets than last year at this time, askance glances and Bluetooth earpieces aplenty. Twice as many barricades, too. The place definitely has a Euro-Interpol air to it these days. I found it particularly interesting that the NYSE guards were frisking/carding some of the douches exiting the back door around 4:30. They seemed surprised. I guess it's OK for a floor goon to steal billions, but they must be tight on pencil sharpeners and paper clips.
The guys/gals doing God's work in Haiti will need this kind of security help shortly. I spent a month in Port-au-Potty in 1980, a quasi-relief trip with some college students. I've seen a lot to be appalled about in my life, but Haitian poverty has been/is/ will be incredibly over the top. The kids and I got quite a sensory deluge, and all of us were never happier to see a flush toilet than when we got back to Miami. It is the one country I have said I would never go back to, for any reason.
Best 'o the long weekend, Stoolies.
The deeper you dig into a pile of dung, the worse it smells ...
Posted 15 January 2010 - 06:59 PM
While I would never want to wish ill will on anyone
After watching Brian Williams, Diane Sawyer and other various filthy animal reporters relishing in the pain & suffering of these victims
Let's just say, no tears would be shed in this quarter if they were to suffer some bad luck of their own
Some notable semi-quotes from last night:
"Oh, Oh, look at all the dead bodies over here at that gas station"
"That woman lost her leg but is still alive....eeewwww....all the blood.....yucky"
"That man is carrying his dead baby....that's so sad"
"Those folks are burying their mother"
etc etc etc etc
"Assistant !!! Assistant !!!! Get security over here and get me back to the airport, I'm hungry and need a shower !!!"
Posted 15 January 2010 - 07:21 PM
That was a Mr. Widget Day 3? The Ghost of January Expirations Past has visited us. The sails just got buffeted from a strong crosswind and we skimmed a sandbar. Anyone thinking our hull has sprung a leak?
XLF hit an old gap
Cycles + Wyckoff + NTM = TechnoPile
A true Master averts disaster
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