[shorty]

Drano, on Sep 30 2009, 12:22 PM, said:

SPX down 6.66

where's Shorty?

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[Drano]

Remember DRV, 3x bear real estate ETF I posted earlier?

Don't say I never done nothin' for ya...

[ChickenLittle]

Lemur, on Sep 30 2009, 07:26 PM, said:

Yeh but who knows where its going to go price wise. Look at how high internet stocks went on hot air.

True - but I think the current situation is very different to 1999. The economy was booming then and the tech stories were truly sexy. So you could almost excuse the youthful enthusiasm. A bit giddy the young things were on champagne!!
Now we have real unemployment of close to 20% and a mania in financials of all things!! Not at all sexy.
No world changing technologies or anything. Just a bunch of dirty, corrupt old men binging on jack Daniels.

[Lemur]

ChickenLittle, on Sep 30 2009, 08:32 PM, said:

True - but I think the current situation is very different to 1999. The economy was booming then and the tech stories were truly sexy. So you could almost excuse the youthful enthusiasm. A bit giddy the young things were on champagne!!
Now we have real unemployment of close to 20% and a mania in financials of all things!! Not at all sexy.
No world changing technologies or anything. Just a bunch of dirty, corrupt old men binging on jack Daniels.

Well, I understand that the final ramp in price from Jan-March (a huge advance) was fueled by emergency short hedge fund covering (to the tune of billions of dollars). So it was all price 'set at the margin stuff' rather than anything to do with tech stories.

[Goldmember]

Drano, on Sep 30 2009, 11:22 AM, said:

SPX down 6.66

where's Shorty?

He's busy testing the new activated carbon fart matt on his electric La-Z-Boy...which is also accounting for the rollover in retail gasoline prices:

http://www.youtube.c...h?v=yrS9nJ6q-uI

[shorty]

an ignominious finale turday fer the six-month showGoose crapCommon fraudex schlockPump

even if they stankPrint 'em green, we face Armageddon Sun PM in the night session

[crooked_analyst]

Ahhh, there we go...they just found the plug to the little black box

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[DrStool]

Bounced right off the bottom of the inner blue channel. Looks like a shake rather than a turn. No buy signals yet.

[shorty]

best case possibre Thur AM SOQ kickoff $caSSh-from-the sideliness showPop then a final weakend gov't greenprint fer the state-run media newsreels, then we craSSh next week

worst case, down the crapper tonight and never look back

[DrStool]

Here's a little chart I made up yesterday for a short free podcast that I didn't do yesterday. The Case Shiller is way behind the curve.

The real story is in the new house sales prices, which show what happens when the time runs out to take advantage of the $8000 credit. Since the program ends on November 30, and it takes at least 4 months to build a house from date of contract, prices started to tank in August. Case Shiller uses a 3 month moving average and also filters out outliers from the data. For example, they didn't count Cleveland because the price differentials were beyond statistical norms in the paired sales that they use. Just the use of a 3 month moving average puts them behind the curve in the first place. You can't see the patterns. It would be like using a 90 day moving average on a stock price chart without looking at the daily price changes. You're going to be a little late.

http://img242.images...3959/jshotf.png

[cwd]

Jimi, on Sep 30 2009, 11:54 AM, said:

You make an important point about the health care debate that I wish Republicans would acknowledge - namely, that a lot of economically productive entrepreneurial spirit would be unleashed in this country if one didn't have to worry about health insurance.

Take my wife, for example.

Despite being a worthless lowly despicable economist...



...I've been begging her to leave her job and set out on her own. She'd kick tail, I'm certain, enjoy far greater professional satisfaction, and create a small business that would soon hire and support other 'mericans and what not.

But the thing I think that most makes her hesitate to do so is the quality health coverage she enjoys at her employer's expense. If one of our two boys got sick and ran up the bills, she could sic her firm's HR people on them, as she did once before. (Of course, if I get sick, she's thinking she's got one less mouth to feed.)

I'm sure Ike's interstate highway system was represented as nothing less than the commie tip of the spear that was certain to result in Amerika inviting in the Ruskies and saluting Marx & Lenin. Instead, it just served to benefit productivity, allowing us to find better, faster, more efficient means of doing other things (like drive Maseratii - double-i is the plural???).

National health care is sort of like national infrastructure in my book.

So long as it's means-tested to screen against mallcows.

I don't remember any organized opposition to the interstate program. It was like the Apollo program. We can do it.

[cwd]

DrStool, on Sep 30 2009, 02:48 PM, said:

Here's a little chart I made up yesterday for a short free podcast that I didn't do yesterday. The Case Shiller is way behind the curve.

The real story is in the new house sales prices, which show what happens when the time runs out to take advantage of the $8000 credit. Since the program ends on November 30, and it takes at least 4 months to build a house from date of contract, prices started to tank in August. Case Shiller uses a 3 month moving average and also filters out outliers from the data. For example, they didn't count Cleveland because the price differentials were beyond statistical norms in the paired sales that they use. Just the use of a 3 month moving average puts them behind the curve in the first place. You can't see the patterns. It would be like using a 90 day moving average on a stock price chart without looking at the daily price changes. You're going to be a little late.

http://img242.images...3959/jshotf.png

I wonder what is going to happen when all J6Ps who received their 8k rebate don't close on the house.

[Jimi]

cwd, on Sep 30 2009, 02:56 PM, said:

I don't remember any organized opposition to the interstate program. It was like the Apollo program. We can do it.

I'm pretty sure in the movie I saw, Mel Gibson was leading the opposition to it and invoking Stalin.

[Drano]

Jimi, on Sep 30 2009, 03:06 PM, said:

I'm pretty sure in the movie I saw, Mel Gibson was leading the opposition to it and invoking Stalin.

If you haven't seen the great movie "Conspiracy Theory" recently, perhaps it's worth watching again for the tremendous opening rant he does as a crazed taxi driver. The funny thing is, in the context of more recent events, much of what he said turns out to be things he actually believes.