Jimi Posted August 17, 2011 Report Share Posted August 17, 2011 Listen up, sheeples. We're all meeting in Vegas on Saturday. Mr. Hanky's throwing a house party. It's gonna be awesome! Link to comment Share on other sites More sharing options...
Jimi Posted August 17, 2011 Author Report Share Posted August 17, 2011 I'm so lame, I think I opened this thread in Stool's gold. Link to comment Share on other sites More sharing options...
FranciscoTheMan Posted August 17, 2011 Report Share Posted August 17, 2011 Not a decisive down day. Link to comment Share on other sites More sharing options...
FranciscoTheMan Posted August 17, 2011 Report Share Posted August 17, 2011 Straubing to Spitz in two days......200 miles means tired legs. Spent a few hours at Mathausen where my wife's grandfather was sent. Sad in so many ways.....a sombre and touching monument though. Link to comment Share on other sites More sharing options...
FranciscoTheMan Posted August 17, 2011 Report Share Posted August 17, 2011 had an offer in on some tza sept47 puts that got hit. Not nekid because covered calls at 57. Don't know what to call that...a mess of premium burn perhaps. Link to comment Share on other sites More sharing options...
Bungster Posted August 17, 2011 Report Share Posted August 17, 2011 What Francisco comes to town and everyone leaves? Link to comment Share on other sites More sharing options...
DrStool Posted August 17, 2011 Report Share Posted August 17, 2011 Low posting today. Clash tamale. Link to comment Share on other sites More sharing options...
Jorma Posted August 17, 2011 Report Share Posted August 17, 2011 What Francisco comes to town and everyone leaves? Note to self. If your thinking of selling rocks to make it, it's too late. Link to comment Share on other sites More sharing options...
Jorma Posted August 17, 2011 Report Share Posted August 17, 2011 On the daily thread there was discussion of a plan, fitting into the too late category. Whereby a cockamamie idea is floated to unlock the $1.7 trillion dollars in bank reserves sitting at the Fed. Earning, using the term loosely, .25%. http://www.financeandeconomics.org/Articles%20archive/2011.08.17%20Bank%20Credit%20Repo.htm My alternate proposal is for the Fed to pay 5% interest to the banks on their excess reserves. They can fund it by buying every Treasury note and bond in the world. Taking the interest to pay the banks. If the reserves rise only a bit to $2 trillion that would be $100 billion a year to the banks. Thus the banks will be healthy and after all that is the only thing that matters. Link to comment Share on other sites More sharing options...
Jimi Posted August 17, 2011 Author Report Share Posted August 17, 2011 Doc, can you delete my failed effort at opening M2M which appears under Stool's Gold? Yes, I'm an incompetent. #Fail Link to comment Share on other sites More sharing options...
Jorma Posted August 17, 2011 Report Share Posted August 17, 2011 Apparently Rep. Cantor got the memo. Cantor argued that digging in their heels to fight for the smaller spending level wasn't worth a government shutdown, especially since it would still leave discretionary spending in fiscal 2012 $7 billion below 2011 levels. "While all of us would like to have seen a lower discretionary appropriations ceiling for the upcoming fiscal year, the debt limit agreement did set a level of spending that is a real cut from the current year level," Cantor wrote in a memo to House Republicans. "I believe it is in our interest to enact into law full-year appropriations bills at this new lower level." http://online.wsj.com/article/BT-CO-20110817-710950.html If even he is reduced to claiming $7 billion dollars is real savings then you must know that a lot of bricks are being excreted all over the Beltway and beyond. After the political show left town and the downgrade flap was over the temperature has dropped markedly. Good luck keeping everything quiet after they return in Sept. The political crisis will not be buried so easily. Link to comment Share on other sites More sharing options...
bizfix Posted August 17, 2011 Report Share Posted August 17, 2011 Low posting today. Clash tamale. Lee is their really a correlation between posts on the site and market movements. Link to comment Share on other sites More sharing options...
rgoble4 Posted August 17, 2011 Report Share Posted August 17, 2011 Lee is their really a correlation between posts on the site and market movements. I've noticed, albeit anecdotally, that intra-day users + guests can sometimes act as an bull/bear interest level of sorts. The more interest here, the closer to a bottom, and the more dead it is, the closer to a top. I went short today, so I am hoping it is true this time! Link to comment Share on other sites More sharing options...
JonLaw Posted August 18, 2011 Report Share Posted August 18, 2011 Lee has his own internal proprietary metrics for the board usage bull/bear calls. So yes, there is a correlation. Link to comment Share on other sites More sharing options...
DrStool Posted August 18, 2011 Report Share Posted August 18, 2011 Let's put it this way. No real bottom till we hit 130 users on the day thread. Conversely, something in the low 20s has almost always been associated with top formation. As for this thread, check out the number of posts the day before the market fell from the top and that huge down day a couple of weeks ago. There's a correlation. It's been years since I quantified it, but one of the other stoolies kept a chart of it for a while. Speak up please, whoever that was. I would be willing to bet that Bloomberg and Marketwatch know exactly what the market will do based on their traffic patterns. If they don't, they should. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.