I enjoyed it until the woman said Obama deserved a better leader. Dear Leader will probably say he 'gets it' and make everyone feel better.
Ok. We do need better water holder backers in New Orleans.
I wish they had said something more intelligent, but nice job regardless.
I want to see more of this. Politicians then my start listening to their electorate rather than their handlers (financial sponsors).
Dear Leader is an awesome band.
disruption - jerks on Bloomberg
http://www.youtube.com/watch?v=IdT23lWQHD0
"How Did the PINK LADIES get in AGAIN?"
I put this in the last thread, but here it is actually on topic.
Obama to bank CEOs: ""My administration," the president added, "is the only thing between you and the pitchforks." "
http://georgewashington2.blogspot.com/2009/04/obama-to-bankers-my-admini...
Although the Code Pink people need to spend less time painting their banner and more time on their talking points.
I can only wonder how those Tea Party folk can reconcile in their minds the fact that they share the same views as Code Pink.
I posted this at the end of the last thread. Sorry if you read it again.
Bloomberg's elitist jerks on disruption ...
http://www.youtube.com/watch?v=IdT23lWQHD0
"How Did the PINK LADIES get in AGAIN?"
That's why I'm convinced that protest was allowed to happen. Code Pink is a fringe group in the eyes of the majority. If you can ridicule them, you don't need to answer them.
""My administration," the president added, "is the only thing between you and the pitchforks." "
What happened to "we are going to do everything to get back AIG bonuses?"
There seems to be disproportionate amount of time before anyone actually came to 'escort' the protestors off.
Kudos to them.
And thank you CR for this excellent site!
You probably have the most logical explanation TCA
⡑⡓⡏
Back for the afternoon session. Yes, this isn't a portfolio discussion site, but I'm guessing more than a few CR readers went short too soon. My condolences, this hurts.
I'd probably put my disposable income to better use by funding protests instead of throwing it down the leveraged ETF black hole.
I don't think Summers and his audience realize that these protesters don't represent a fringe voice on this issue. I think they should be concerned about security, because somebody could very well get up on the stage with something other than a banner and a loud mouth.
TCA is on the money
I doubt they would have let in any CodeSimonJohnson protestors
Economic Club of Washington members booing ! Why would they do that I wonder?
"I'd probably put my disposable income to better use by funding protests instead of throwing it down the leveraged ETF black hole."
My leveraged ETF calls do not expire until August. If they can keep this ship floating for that long then it may be "over." But it is going to be a long summer and they are juggling a LOT of shoes. I think I pick up some more FAZ if Kermit gets any cockier.
As QE2 observed, "Awful. Just awful."
A few activists wreck opposition of Stiglitz, Volcker, Whitney and many, many others. Gone in 60 seconds.
CR, how can you allow that government hating anarchist Mish use your charts.
Shame, shame, shame...
It's interesting that the Federal gov't response is wrong in terms of managing relationships. Instead of actively listening, they're passing legislation to ban any communication which carries a true message.
Fifty years ago this may have been a workable response because the majority of information flow was centralized and one-way - i.e. ABC, CBS, NBC. I'm not so sure it's going to work now. I've participated in a flash mob and it was surprising and scary.
Still, there is one choice:
A) Pretend to the end to be middle class and with your kids. Revolution
B) Revolution. You maybe gonna die but maybe just maybe your kids going to have a good life.
Code Pink fits perfectly into the protest role. Women, white, presentable and non violent. They make appearances in pink thus shunting away most male initiative to join since most men won't wear pink. They seem to always get into the well publicized and well protected events and have segued from originally being an anti war protest to an anti something or the other concerning banks and taxpayer money. Middle America can let the anger subside because somebody is speaking out so they don't have to.
Code Pink is the perfect protest movement. Perfectly planned, perfectly placed and perfectly non confrontational. Hell, Blankfein even shook their hands and said they have a point.
The banner is fine. Ranks up there with the "fail" sign behind Paulson and Bernanke. People will see it on the news and many will agree with it.
But I do think we will see more and more genuine and meaningful activism as we move into summer (no one shows up at protest rallies when it is 12 degrees outside), and as more unemployed people realize that not being tied to a full-time schedule provides lots of freedom to organize, travel, and interact.
TPTB will soon remember that it is dangerous to have masses of unemployed folks free to march, sing, raise hell, demonstrate, whatever.
(Another reason why policy response so far has been an epic fail, even by their own standards.)
However beautiful the strategy, you should occasionally look at the results. -Churchill
"A few activists wreck opposition of Stiglitz, Volcker, Whitney and many, many others. Gone in 60 seconds."
You'll know it, when you see how FOX spins it. If they use it to attack the admin or the opposition to bailouts.
ow my balls!
http://www.youtube.com/watch?v=GtOLqNuTOag
\\\\\\\\\\\\\\\\\\\\\\\\\\\\||||||||||||||||||||||||||//////////////////////////
Stress Tests: Who Will Take the Fall?
But life choose YOU. This is Greatest Generation TODAY. YOU are in charge. SO Happy Days!
I have one problem with the plan by http://www.anewwayforward.org/demonstrations/
The demonstrations are on a Saturday. No one will be in business centers where all the protests occur. Every major US city's downtown is a ghost town after 5PM on weekdays. On weekends it's just people scrounging for rats at the Greyhound station. That said, I'm still going. Have to start somewhere. Maybe I can convince people to chain themselves together in the middle of a major intersection.
Along similar lines regarding protest Max Keiser audio
http://www.archive.org/details/MaxKeiserRadio-FinancialJimCrowInbredInsa...
Watching summers I do not get a feeling of a dastardly fellow but how do I comprehend that some people get to call their bets money and use the existing wealth of others to finance million dollar lifetyles? Have they brought a greater standard of living to our country? Or have they set us up for future poverty whe the rest of the world demands repayment? Controling inflation may not be in our hands just as much our controlled inflation was not.
they just laugh at these protesters the same way they are laughing at you.
The cameraman pulled back - it's all part of the show. They should have let them talk. Seems like they were all out of steam after the first 20 seconds.
Summerstime, and the lending is easy
Stocks are jumping, and the dollar is high
But as usual, what is gonna happen: All out evacuation of planet Earth to nearest planet of Mars. Because you Americans (mainly) could not leave co2 shit behind. But Mars with 0.32 G is gonna be new BEGINNING. TITS are never gonna be like ropes 
Seems like they were all out of steam after the first 20 seconds.
That was kind of funny. Like they were saying to themselves, 'How are we still standing here?'
ouch
They'll move protests to weekdays once U-6 hits 20%
In NYC, its at Union Square, which is pretty packed on weekends due to the farmer's market, shoppers etc. I'm going to check it out just for fun and see how it is executed.
Summers was certainly flustered. He had to really think hard as he was about to do another "foot in mouth" attempt at humor like his takedown of women in science.
I agree the Code Pink folks wasted a great chance to highlight Summers as part of the problem rather than part of the solution. They always waste their moments in the sun. Why is Code Pink not aware of how silly the powers that be make them look when they use their street theatre antics to shout barely logical nonsense? They should get a good PR rep to work with them.
Actually, this is gooood!
Pravda becomes U.S.
Jim Cramer is a complete fool. "WFC is the good bank - Shiela Bair can put any bank to them now we have a good bank -- WFC will earn 2.30 next year and deserves 12x " It is sad to watch what the equity markets have become. repost from earlier -- US loses economic wargames via Pentagon exercise (poltiico)
Jim Cramer is a complete fool. "WFC is the good bank - Shiela Bair can put any bank to them now we have a good bank -- WFC will earn 2.30 next year and deserves 12x " It is sad to watch what the equity markets have become. repost from earlier -- US loses economic wargames via Pentagon exercise (poltiico)
I hear Mars is nice in the fall.
It's interesting that the Federal gov't response is wrong in terms of managing relationships. Instead of actively listening, they're passing legislation to ban any communication which carries a true message.
Fifty years ago this may have been a workable response because the majority of information flow was centralized and one-way - i.e. ABC, CBS, NBC. I'm not so sure it's going to work now. I've participated in a flash mob and it was surprising and scary.
This relates to my reasons for thinking that once we went through the Industrial Revolution, any kind of central planning and control became impossible (with a growing and evolving modern industry) because of the explosion in complexity in economic entities and their communication channels. Diffuse localized management became the only possibility due to the lack of useful mechanisms to abstract and transmit relevant data at the speed needed to centrally manage an economy where one company is as complex as an entire nation a few hundred years ago.
I think central control and planning works when your nation is basically one giant plantation. Not so much now.
If this is true, it makes economic activism on the part of the federal government useless at best, and more likely very dangerous.
Siberia gonna be like "food basket of EARTH": Kinda sucks with you Americans?
they just laugh at these protesters the same way they are laughing at you.
Yep. Until these crooks are in fear for their well-being, it's all fun and games to them.
Staged or not? Kind of hard to tell but it sure was strange how long they where on stage before security came. Then how long did she yell from back stage? By then they should have had her mouth duct taped. That"s the problem Suits can operate duct tape!
"Siberia gonna be like "food basket of EARTH": Kinda sucks with you Americans? "
We always have Alaska. And the Canucks might be sick of Quebec by now.
0.32 G MARS. but otherwise imagine with a little of oxygen tent.
I have a time-share in Venus.
I hear Mercury is a tourist trap, there are better planets.
Mean Flurry Kitten wrote on Thu, 04/09/2009 - 11:52am.
Siberia gonna be like "food basket of EARTH": Kinda sucks with you Americans?
The 10 (+3) Provinces will become the 53rd-56th States and New Mexico will supply enough solar for the entire continent.
"any kind of central planning and control became impossible "
-----------
You're assigning moral reasoning here. In terms of economics, there's an optimum size of scalability for any organization. There's no question that the right centralized system is more efficient, more accurate and more responsive than most peer-to-peer systems, for most situations. Peer-to-peer sucks most of the time. That's why it's almost never used and why countries, states and cities are the size that they are.
The Federal gov't is not failing directly because of efficiency.
It's become inefficient because of culture.
I wish I had time to really flesh this out but my free pool time only lasts for two more hours.
Protests need to be unusual, if they have to make an impact. Not sure if holding a banner would really get the desired result.
A couple of days back , a journalist threw a shoe a minister in India. Nothing new for the world , but something new for India. That galvanized the protests in a couple of other cities. He managed to achieve what a number protests over the past few weeks could not. The ruling party was forced to drop a couple of tainted candidates for the upcoming national elections.
yep, I am serious
Staged or not? Kind of hard to tell but it sure was strange how long they where on stage before security came. Then how long did she yell from back stage? By then they should have had her mouth duct taped. That"s the problem Suits can operate duct tape!
I don't know if it was staged, but I think CP was allowed to trip over their own feet. Hopalong asked why they didn't say anything substantive. Probably because they didn't expect to be allowed to stand there as long as they did. I'm sure they merely wanted to cause a disruption, not debate the merits of TARP on national television.
Good video post! Now I have to look up who Code Pink is....
@TCA:
If you can ridicule them, you don't need to answer them.
Don't forget the words of Ghandi:
"First they ignore you, then they mock you, then they fight you, then you win."
So we are already up to the mocking stage, eh? (I'm not defending them or agreeing with them; but I would rather they have the right to protest and speak than have them silenced and disenfranchised.)
"Protests need to be unusual, if they have to make an impact."
Protests? Instead of trivial boolsheet (A Russian acquaintance of mine pronounced it that way), we may be seeing the start of an period of geopolitical instability, commencing with eastern Europe and south Asia:
"Georgian opposition leaders say they will give President Mikhail Saakashvili 24 hours to respond to calls for his resignation, and then will announce further action, Civil Georgia news agency reported April 9. A speaker at the protest rally in Tbilisi said "This is the last chance for the government to stand above its own interests," and urged Saakashvili to fulfill the will of the people."
There are further Russian military movements in Georgia, and there seems to be something developing around Islamabad.
Pavel Chichikov
I think we need to wear really cheesy Indian war bonnets like the original party boys a quarter millennia ago. Cheesy or not the PTB will be scared of offending what may be a legitimate cultural expression. Rubber tomahawks are likely to be every bit as effective as their threat of a real BGM-109.
Your holiday weekend 3% global market rally brought to you by...coordinated central banks and government intervention. Fall in bond prices through CE and QE. USA 30y at 3.75%.
Prices strongly indicative of bank and sector health. That little drop last September was an anomaly.
On with your little lives my pretties.
"Your holiday weekend 3% global market rally brought to you by..."
$1T of your money, promptly loaned back to you, with interest.
yeah: 1-2-3-4-5. over and out
Meanwhile, "the Market" celebrates the resurrection and ultimate victory of the FIRE economy, insuring that the middle-class of this country will become progressively poorer as time goes on...
They think these protest will ease a little tension in the building anger.
"Yep, sum uns doin' sumfin' ", another beer margaret.
The lazy tin foillers and righteously indignant will hold until the next outrage.
Fury containment operation.
"Obama deserves a better leader"?! I thought he was the leader? Like much of the democratic party, code pink seems to have a lot of cognitive dissonance. Obama is the salesman for this whole gig. Too much emotional investment in the One. Same deal with Afghanistan ... not a peep from code pink. Nothing will change if their is so much blind belief. This road is too familiar.
The problem with solar and wind is that on a calm night there is no power produced. Sure you don't need as much at night a s during the day, but you still need power.
So are there going to be huge batteries storing power for nighttime?
Anyone thought how bad batteries are for the environment to make, dispose of - and the health risks if one or several break?
Obama is GOOD COmmunnists. FUCK YOU YANKS! DIE DIE DIE! GONNA NEVER VISIT YOUR FUCK UP COUNTRY:
"The problem with solar and wind is that on a calm night there is no power produced. Sure you don't need as much at night a s during the day, but you still need power."
Maybe if we only used fossil fuels on calm nights, we might use less.
There are further Russian military movements in Georgia, and there seems to be something developing around Islamabad.
Pavel Chichikov
Oh great, two nuclear powers; US, Russia both rush in to plug the geopolitical hole of an impending Pakistani theocracy. One more thing to worry about and us stuck with a "domestic" President. Yeah, that always works out just peachy.
"huge batteries storing power for nighttime"
Pumped storage hydro makes everyone happy.
CODEPINK needs to take some protest advise from Aristophanes. I advise a quick read of Lysistrata before future planning. The commentariat might get some comic relief from Clouds as well.
Son of the Morning Star wrote on Thu, 04/09/2009 - 3:10pm.
The lazy tin foillers and righteously indignant will hold until the next outrage.
Fury containment operation.
It doesn't matter what the angry people think. They already voted.
What matters are the people in the middle.
Methinks Mean Flurry Kitten got into the sour milk and catnip. Somebody lock him in the hall bathroom until it wears off please.
RD, I hear Feliway works well, very soothing for the kitties...
You're assigning moral reasoning here. In terms of economics, there's an optimum size of scalability for any organization. There's no question that the right centralized system is more efficient, more accurate and more responsive than most peer-to-peer systems, for most situations.
Really my theory is fairly straightforward and could be applied to any sort of management situation, not just governments.
In essence, if you want to manage something, the complexity of the essential features of the system which is being managed cannot exceed those of the system that is managing it.
I actually got the idea from working with manufacturing and IT systems. Assuming it's valid, it might apply just as well to governments.
Kinks - Sunny Afternoon
"Save me, save me, save me from this squeeze." 
Ouch!
Comrade Kristina,
I've driven my kittehs deep into neuroses. 10 months out of the year it is "burds are r friends, NOT fud" but planting season and it's "get the burd u lazy kitteh!" Kind of a feline Rumspringa.
Panic of 1819, easy credit, and politics of the favourite few.
re: Pumped hydro - any idea how many mountain or hill storage lakes your going to have to build? Don't think that will have an environment effect?
There is a better answer 50% Nuclear Power 50% wind/solar. The Nuclear stays on at night too, produces no CO2, and the disposal of nuclear waste is a political, not a practical problem.
Looks like the Yen carry trade is back on.
If you don't purge the rottenness it comes right back.
Seeing this clip only reinforces to me that I really need to get working on my project. I plan to put together a detailed, easy to understand presentation that explains the events leading to this "crisis"... The people do need a voice, but we need a voice that is at least educacted enough to not just be heard, but have a message that is understandable for the masses. It is a perfect opportunity for a third party to become viable. We the people will need to put aside differences on Social BS issues and realize we have been taken over in a financial coup. People need to focus on the real issues we have and less on useless ideologies. We need to ask ourselves what we want our future to look like, formulate a plan to achieve that and move forward as a Country, united in that goal. Anything short is simply pissing in the wind while chasing our tails...
Rob Dawg (member) wrote on Thu, 04/09/2009 - 3:13pm.
There are further Russian military movements in Georgia, and there seems to be something developing around Islamabad.
Pavel Chichikov
Oh great, two nuclear powers; US, Russia both rush in to plug the geopolitical hole of an impending Pakistani theocracy. One more thing to worry about and us stuck with a "domestic" President.
There's a certain inherited policy history. The stock market isn't the only place people played, "kick the can".
That's the fruits of failed military adventures on the frontiers of a bankrupt empire. Nobody really wants to go out and be the last guy to die for the oligarch's mistake, and they can't really afford any mistakes anyway.
Don't shoot the nation's bolt in Iraq if you want an army to play with now. All policy is a series of compromises. The all-in no-stated-aim Schoolboy's Crusade to democratize Iraq was fought in lieu of many other possible conflicts.
Summers isn't the sharpest spoon in the drawer.
Right now there is around 55% cash relative to the market cap us equities...During last downturn, the same cash percentage reached 25% in early 2003. This will provide massive buying power for riskier assets for many years as fear eases. This will be an interesting balance in 2009 and 2010 as CRE, Ins, CC and consumer news hits the fan at an accelerating pace.
This is pretty weak.
Intellectuals never make good protesters....and protesters are never good intellectuals.
They could have at least hit him with a pie or had some dude prancing around on a stuffed pony named bailout.
I want my two bits back.
Vastly OT:
Last night I plucked Giuseppe Lampedusa's Il Gattopardo off the shelf. Hadn'r read it since I was young and the book itself wasn't yet old, as it is now.
Through most of the narrative, GL examines Italy at the time of the Risorgimento, a time history treats as monarchy into representative governance but which the author sees as a transition from crown rule to oligarchy and the roots of fascism.
The book's been championed and vilified for half a century. As a study of the pursuit of power, money and leisure in unstable times, I'm finding it a timely refresher on the vagaries of human nature and attendant follies. Timely and thought-provoking.
It was my understanding that all centralized systems were always more inefficient??? Please explain further, perhaps I am misinterpeting some terms here....just wanna learn
Obama Orders Government to Buy 17,600 New Cars by June 1
President Barack Obama said the government is speeding up its purchase of 17,600 new American-made cars for the government fleet by June 1.
LOL RD, mine love this time of year, we have the windows open most of the time now. They get to smell all those delicious smells in the breeze while salivating over the birds and lizards. Hopefully they won't push another screen out. The last time they did I came home to my DH herding six cats that had spread out over our entire property. He wasn't a hapy camper...
"The Nuclear stays on at night too, produces no CO2, and the disposal of nuclear waste is a political, not a practical problem."
As long as the cost of waste storage is included in the planning and price then it goes from political to practical. If AZ is getting annual payments, a la the Oil bonus in AK, then is suspect NIMBYism is muted.
But planners rarely think, big picture/long term, when it takes an emergency to get them going.
"They could have at least hit him with a pie"
But then they might not get invited back.
M writes:
There is a better answer 50% Nuclear Power 50% wind/solar. The Nuclear stays on at night too, produces no CO2, and the disposal of nuclear waste is a political, not a practical problem.
Excellent comment. I'd still add back hydro storage and things like flywheels and more.
There are so many technologies on the cusp twixt physics and engineering it is hard to know where to begin. For but one example; another step forward in RTSC (superconductivity) and everything else could become a footnote.
BH
The spent waste is still a practical problem, as the spent fuel will be above the boiling point of water for more than ... 5000 years. This leads to several material problems as this greatly complicates the problem of ensuring containment for over 10000 years...not to mention the water table level is only 300 feet below the Yucca mountain repository... But we're continually working on lowering that pesky water table thingy
President Barack Obama said the government is speeding up its purchase of 17,600 new American-made cars for the government fleet by June 1.
Short-term thinking at its finest and most politically adept.
Too bad newly printed money is so fungible. Hard to fight an enemy that has unlimited resources derived surreptitiously from their opponent. Fiat money is such a powerful tool...for the central bank. It always ruins the middle class.
QE is like a virus. Inject a little hoping that it will cure the greater disease. Bankers can easily mop up the after effects and unintended consequences. They have strong handle on their mutant creation.
This squeeze is just the warm embrace of your central government.
"the spent fuel will be above the boiling point of water for more than ... 5000 years."
That seems odd. One would think that as long as it could boil water, it could generate power.
BH
hehehehe I thought the samething when I read the paper....if they finally accomplish this I will miss staring into the spent fuel pool late at night
M, there is a solar-thermal facility up and running in the Mojave employing liquid sodium as a heat sink as the substance is a particularly efficient thermal storage medium. It operates day and night. A second, far larger facility is under construction.
That's a small step, I know, but it's already taken and being enlarged upon.
Too bad newly printed money is so fungible. Hard to fight an enemy that has unlimited resources derived surreptitiously from their opponent. Fiat money is such a powerful tool...for the central bank. It always ruins the middle class.
This is the thing that drives me absolutely crazy:
Economists who claim to champion the middle class promoting policies that historically ruin it.
You can see it happening right now:
Wall Street using the "holes in the market" created by inflationary policy to suck all the wealth out of the rest of the economy.
Too bad newly printed money is so fungible. Hard to fight an enemy that has unlimited resources derived surreptitiously from their opponent. Fiat money is such a powerful tool...for the central bank. It always ruins the middle class.
This is the thing that drives me absolutely crazy:
Economists who claim to champion the middle class promoting policies that historically ruin it.
You can see it happening right now:
Wall Street using the "holes in the market" created by inflationary policy to suck all the wealth out of the rest of the economy.
this rally is like the easter bunny from donnie darko.
\\\\\\\\\\\\\\\\\\\\\\\\\\\\||||||||||||||||||||||||||//////////////////////////
liquid sodium is no joke
Well, today would be a nice smokescreen if you were looking to exit your longs and take up a short trade. Where did CRM go?
Byzantine_Ruins (member) wrote on Thu, 04/09/2009 - 12:23pm.
There's a certain inherited policy history. The stock market isn't the only place people played, "kick the can".
That's the fruits of failed military adventures on the frontiers of a bankrupt empire. Nobody really wants to go out and be the last guy to die for the oligarch's mistake, and they can't really afford any mistakes anyway.
My dad explained all this to me in 1980. You remember, when the USSR tried to suppress Afghanistan. He wasn't as "PC" as we are today. He explained how the Afghani tribes had been killing each other for centuries over "recent" slights and for far longer over major disagreements. He predicted that since there was an outside threat they'd set aside any squabbles, trade some nubile DNA diversity and go kill invaders. He predicted that this would sufficiently weaken the USSR internally that It would ultimately collapse from within.
Damn, I hate historical parallels.
liquid sodium is no joke
MIT just invented a liquid battery that can scale up significantly.... involves 3 insoluable materials above their melting point...wouldn't say what the materials are...But if it scales correctly it could fill the large scale energy storage problem
today would be a nice smokescreen if you were looking to exit your longs and take up a short trade.
Goldman reports Tuesday, and JPM on Thursday. Anyone willing to go short in front of those two has some serious stones. I don't doubt the abilities of their financial engineers.
but that's just me...
The spent waste is still a practical problem, as the spent fuel will be above the boiling point of water for more than ... 5000 years. This leads to several material problems as this greatly complicates the problem of ensuring containment for over 10000 years...not to mention the water table level is only 300 feet below the Yucca mountain repository... But we're continually working on lowering that pesky water table thingy
Build a space elevator and jettison the waste into space for practically zero cost.
the russell 2000 is strong like donkey kong. strange days indeed.
M wrote on Thu, 04/09/2009 - 12:44pm.
liquid sodium is no joke
Been using it safely in motorcycle valves for decades.
Nice rush for the exits from FAZ and SKF. Seems to be driven almost entirely by WFC and BAC unless I'm missing some other big financial mover. The rest of the market is amusingly non-plussed.
So what if the financials threw a rally and nobody came?
That seems odd. One would think that as long as it could boil water, it could generate power.
The second law of thermodynamics says "Please don't violate me".
"today would be a nice smokescreen if you were looking to exit your longs and take up a short trade.
Goldman reports Tuesday, and JPM on Thursday. Anyone willing to go short in front of those two has some serious stones. I don't doubt the abilities of their financial engineers.
but that's just me..."
!$&# me. I was slaughtered today. Can hardly think of getting out of shorts at this point. Today was death.
"So what if the financials threw a rally and nobody came?" oh they did, right on the "exits from FAZ and SKF".
!$&# me. I was slaughtered today. Can hardly think of getting out of shorts at this point. Today was death.
I'm so glad I only lost a thumb with FAZ a few weeks ago. It could have been a whole arm.
i shorted SKF at $298 and it's at $65 now. cashing in baby!
actually i didn't short it, i just watched it and made no $ on it at all.
I manage an imaginary fund called the "Hindsight 20/20 Fund"...i'm able to claim i was long all winners and short all losers. sweeeeeet.
If Code Pink had tried to assassinate Larry, the world would have taken notice. Otherwise, it's just another youtube in the data stream.
Short or long, it's hard to buy in to this market with all the thumbs on the scale.
Rob dawg,
Its used in many engines, but in power plant applications its pumped all over the place and there is much more risk of explosions.
Maybe I can understand why financials rallied so hard today. But REITs? Look at SRS. Serious bear massacre. Wow!
LMAO scone, I really shouldn't be laughing at that comment but for some reason I can't stop.
Some serious pain today.
"So what if the financials threw a rally and nobody came?" oh they did, right on the "exits from FAZ and SKF".
And yet the rest of the market, while it finishing at its highs, did not do a whole lot after the gap open.
I give this rally another week at best, and I suspect the bulk of the damage was done today.
In any event, glad I sold covered calls on my FAZ last week and Monday. My cost basis assuming they expire OTM next Friday is in the 13s. And my FAS all went nuts. With any luck, all of my FAS covered call spread will execute and I'll be left with a whole lot of FAZ as the chain drive on the roller coaster finishes its final clackety clackety....clack...clack.....and we reach the top of the hill again.
Earth is not a closed system, constantly powered by the sun, 2nd law of thermodynamics is non-applicable.
very low volume week on SPX, SPY, SSO: almost half of last week (or 10 weeks average) and the last week with lower volume than that was... the last week in December ))
On XLF weekly volume has been steadily decreasing for the last 3 weeks.
Meaning that it should no longer be worth it for "them" to pump since there is no more volume to unload into?!
Hoping to get an even better short entry next week, I could not thank the pumpers more, only in words though, not with any cent of my cash.
That was kind of funny. Like they were saying to themselves, 'How are we still standing here?'
Reminded me of the story Utah Phillips used to tell about a free speech protest somewhere in the Pacific NW. The state outlawed public speaking, so the local union tried civil disobedience: each worker took a turn at the soapbox and got arrested, stuffing the jails until the law was overturned.
Trouble was, a lot of the workers didn't know enough English to actually be able to speak from a soapbox. Usually the arrest was quick and it didn't matter, but sometimes the speech turned into :
"Fellow workers...where's that damned cop?"
"Earth is not a closed system, constantly powered by the sun, 2nd law of thermodynamics is non-applicable."
It certainly applies if one's intent is to obtain useful energy from spent radioactive waste that's a mere 70-100 Kelvin or so hotter than the environmental heat sink.
I manage an imaginary fund called the "Hindsight 20/20 Fund"
I don't, and I (sold out of SKF at 210 and SRS at 100. Bought back in at 90 and 50. It could still work out OK in the end, but nowhere near for the people who are buying today at 65 and 33.
Serious bear massacre.
Earth is not a closed system, constantly powered by the sun, 2nd law of thermodynamics is non-applicable.
Cool! So when are you planning on building that perpetual motion machine again?
Wouldn't it be funny/ironic if it turns out that the pension funds in March facing huge losses decided to double down on the expected market declines?
I for one welcome our liquid sodium overlords.
When they arrive I will bring them a firehose and show them how it works.
Darth Paulson wrote on Thu, 04/09/2009 - 1:18pm.
I for one welcome our liquid sodium overlords.
Alfred Bester was always a favorite. "Suck air my children..."
Is that Neil Kashkari in the front? I love that guy. He's so funny!
LMAO scone, I really shouldn't be laughing at that comment but for some reason I can't stop. -CK
Honey, you deserve a good laugh. And a nice drink with the fruit and umbrellas and all.
You called it right. Had this been code blue, red or black and all men it just wouldn't have worked. Gender and motherhood have worked in these ladies favor. Viva la Pink!
Please Google "geothermal" and "MIT". Your argument about solar and wind is weak.
This is the man who was responsible for the disastrous, criminal anarcho-capitalism of the Eastern Block (essentially their lost decade)
Also, later he had been fighting for deregulations of Wall Street. And now he's essentially in charge of the economy.
As somebody put it (probably Chomsky), it's like hiring Bin Laden to run the War On Terror....
Fat fugly lesbos with a serious case of penis envy.
mwahahahahahahaaha