...So dude keep your good work and tomorrow all can go to hell, I'm egiptian now so I'm on strike and I cannot post anything meaningfull tomorrow I spent a lot of time addressing irrelevant things and now is late.
Goog night.
Dan
Yes the above is a fragment of a comment made yesterday toward I-man.If you want more details go to yesterday comments section please.
Thank you
"On strike"!!? What the hell you think you're doing ?? Get that fat ass back to work RIGHT NOW you filthy unionized useless parasite!
ReplyDeleteNo problem Dan. Sometimes material life gets in the way of real (online) life right?:D
ReplyDeleteAnswering old comments.
ReplyDelete@ICan,February 3, 2011 9:21 PM:Thanks for the Shanghai Composite technical analysis link;). The lads at afraidtotrade are watching for a possible bullish scenario. I'll keep an eye on the action around the 2800 level then.
As for myself, I'm focused on the bearish one rather:watching for a downtrend confirmation if the Index makes a lower low by breaking previous june 2010 low @ 2,382.90.
ReplyDeleteChina has been closed for the New Year holiday, from Feb. 2 to Feb. 8 apparently. Will reopen tomorrow then.
ReplyDeleteI never had the opportunity to be on strike.
ReplyDeleteWhat's it like?
Like, do you get paid by the union for not working? Hmmmmmm. sounds like a government job......
@Wolfstreet:
ReplyDeleteWent to the wet market today to replinish my depleted larder. The few stalls that were open had vegetables that looked well over a week old.
I didn't buy any.
When I went to the FairPrice supermarket, the stuff looked OK.
So, we'll be back. Slowly, maybe, but back.
I don't remember last year it took this long. But maybe I was sill on endorphins from the encounter with the local constables over the 10' long string of firecrackers I lit off.
(really wishes he had shorted oil last week)
ReplyDeleteAnd I always thought the QOTD was an African saying.
ReplyDelete@Emmanuel117
ReplyDeleteYeah. It's hard to do what Dss said. Read it in the news, then trade on it.
When Egypt had .02 of the world's oil supply, and the price went up 10%, I shoulda seen the writing on the wall.
I didn't.
Let's all help each other see the writing on the wall.
@I-man
ReplyDeleteLooks like you're right, the spy is down .11.
I'm gonna get a chance to get back in! YEAH!
And looka that GDX humpin' its way back up to 62 then 68!
ReplyDeleteGo, baby!
And Dastro, wake up and look at NVDA! Gotta hop on pretty soon to get a buck-and-a-half ride!
ReplyDeleteWelcome to our little blog, Mish! LOL. We are not worthy.
ReplyDeleteSLV marching right back up over 29.
ReplyDeleteMorning all - Dan, I've often wished I could go on strike!
ReplyDeleteChina raising inters rates for the second time in two weeks i see
@Thor:
ReplyDeleteIt's not fair! 32 minutes, and he's got 16 comments, and HE'S ON STRIKE for gosh sakes!
@Rock: Those pesky public union members get all the perks, and without the work. ;-)
ReplyDeleteRock - One of my first jobs was at a pharmacy after school. It wasn't anything like the big box pharmacies we have today it was a mom and pop sop, so had a little of everything.
ReplyDeleteHe sold cigarettes, condoms and playboys. One of the local churches decided that girly magazines had no place in our town ans started to picket the drugstore.
Every Saturday for about 3 weeks (Yes they had great conviction) 2 or 3 people would hold signs saying how bad porno is.
I kid you not, they sold more dirty magazines when the picketers where out then during the rest of the week.
Life just isn't fair some times :)
By the way I have never been allowed to go on strike either :(
But we stand by Dastro :)
Mangy Mutt
@ICan
ReplyDeleteBet you're glad you took profits on SU!
@Rock,
ReplyDeleteYes Sir! Thank You.
ICan
@ Dastro
ReplyDeleteYour bilingual humor is coming along just fine, amigo.
I almost choked on my arabica a second ago reading you from last night.
I didnt know you were a carpenter, so am/was I... I worked in a shop all through college. Did alot of everything, but mostly ripping through stacks of 4x8's on a table saw, or hauling stacks of sheetrock around, and sweeping sawdust. Grunt work.
@ DSS
Not deliberately making light of anyones bad behavior, I was simply referencing the comment stream over at the other place. All I wanted to make clear was that it isnt everyone, and I would be willing to bet that it makes EVERYONE uncomfortable when that shit starts to arise.
@ Rock
Yeah, nice dip, LOL. Looks like the wanna run early, and consolidate all day and entice late dip buyers in the afternoon.
The dip was enough for the I, sitting on a nice long already, and I havent even had one cup of coffee. Always tempted to book these early, probably should just let it run until the 55sma on the 1min chart goes flat... but I still think "poor".
One more thing...
ReplyDelete@ Rock
Speak to I about fish sauce brands... whats the scoop? I cook a lot of thai...
I frequent an Asian market for many of my cooking supplies, but they have about 30 different brands of fish sauce... always looking for recommendations.
Not sure if you know, but sounds like ya might.
And this market doesn't want to go down.
ReplyDeleteFrome bloomberg.com
"Goldman Sachs turns bullish on stocks in Euopean banks bond market shuns".
Videos: Sinche sees subdued market reation to Chinese rate rise.
Singh sees food inflation may alleviate in coming monthes.
ICan
@Mutt
ReplyDeleteBack in the day, my summer job was working on one of my great uncle's farms. After that job was done for the day, I had a job at the general store as the ice cream jerk. (The general store was owned by another great-uncle...I had like 6)
There was this blond, stacked like a triple-decker, who would come in and order a water or a soda, my uncle said only while I was workin' the bar. I wish I could remember her name.
Anyway, sometimes for life to be fair, you just gotta be in the right place at the right time.
Maybe that's a little like trading.
Thats A LOT like trading...
ReplyDeleteObservation:
Many folks get the price right, but just at the wrong time.
@I-Man
ReplyDeleteSure!
One day, last year, I was standing at the sauce wall (they have whole walls dedicated to sauces over here) looking for some XO sauce, and I was holding these 2 jars looking back and forth, trying to figure out which one to buy, when this 240 year old Chinese lady came over, ripped both out of my hands, picked up another one that I cannot read one word of the label, and she pushed that one in my hand.
It was quite a sight. I think she was maybe 4' tall, ancient, wizened, bent over, and I'm, well, certainly very tall for asian standards (even though I'm shrinking) and when I looked around, there were a number of asian ladies grinning from ear to ear.
Bottom line, it's good. If you want to in the off-line email system send me your address, I'll drop a jar in the mail.
I know you can't get this in the US. Even at Ranch99.
Thats how I learned just about everything I know about asian cooking... the random old ladies at the market.
ReplyDeleteI'll drop you a line.
I'm sure DSS or Thor could match up our emails if I cant find it.
Rock - Well I guess that gives you a day to put up a kick ass post eh? ;-)
ReplyDelete@Thor
ReplyDeleteLast week I overposted Dastro.
I think nobody noticed. After I figured it out, I was able to delete it.
Sometimes when you work everyday and you skip church for a couple weeks, you lose sight on what day it is.
Yes, I actually have 2 posts I'd like to put up, one on emerging markets and one on candlestick patterns.
You know, when you're young, you feel that what you have to say is the most important thing there is.
I wonder when that stops.
Rock - hah, totally understandable. You can take my Thursday spot and run them a day after each other if you want. I honestly don't have anything planned yet. Work has been very stressful for me since the new year. We're usually very busy in January, but we're really going gangbusters with both sales and hiring.
ReplyDeleteApologize if I'm not around as much lately and/or am short with anyone.
Ok, I'll be glad to take Thorsrockday, thanks.
ReplyDeleteIf you hire any more um persons like in your X, well, where can I send my resume?
I think you can be short with VXX.
Rock - we're constantly hiring, especially in IT. Mostly developers and project managers though. I'd imagine these jobs might be a bit below your pay grade ;-)
ReplyDeleteAndy T said...
ReplyDeleteHere's the dip on the DXY...maybe carving out the right shoulder. 77.60 and 77.32 are first and second levels of support. Decent risk/reward with cash DXY printing 77.73. The stop loss point is fairly well defined.
February 8, 2011 11:20 AM
"Chipotle fires 'hundreds' - marketwatch.com
ReplyDeleteGot caught with illegals. Secret suace to success.
ICan
ICan - So glad to see them finally going after the companies for this!
ReplyDeleteAndy T.
ReplyDeleteI don't know if that was you that posted the 11:20 or the 11:35.
If in either case that was you I mean this sincerly - Thanks for for putting your name by it.
I know I am not the most politcally correct person around, and I know I use the "Comment As" to post, but I ALWAYS put my name by what I say.
Mangy Mutt
Do you guys think we'd be interested in the ability to post images or other things within our comments? Or do we think that might get too messy?
ReplyDeleteThe slow slide in housing prices (the elephant in the room the Fed's trying to get everyone to ignore by watching equities go up every day) continues....
ReplyDeletehttp://www.calculatedriskblog.com/2011/02/corelogic-house-prices-declined-18-in.html
Thor - Personally I think it might make it too messy, if someone has a link to an article, they can post it and we can go to that link, but imagines would probably be different.
ReplyDeleteI think it could be fun, so would not be against it if the majority would like to do that, I was just answering your question on being too messy.
Mutt
Mannwich - I have not read the article yet, but like we have discussed before, until real jobs start coming back, there will be no housing recovery.
ReplyDeleteAnd it does not matter what kind of "Stimulus" the Fed throws out there, housing will remain weak until 1) Debt is paid down 2) There is real jobs growth
Mutt
@Thor
ReplyDeleteI'm with Mutt.
C'mere, Mutt. Let me stroke your fur backwards.
It's pretty easy to put up a chart or pic on your own site and put a link address here. I did that a bunch of times, but, sadly, got very few hits.
My conclusion: if you go to the trouble, and nobody wants to look, it's pretty much worthless to make Google maintain it.
@Mutt
ReplyDelete11:20?
I got no 11:20.
U got 1?
Mutt & Rock - that's what I thought it might end up like . . . have been looking for more options within the comments. I'll stick with the original look and feel of our site though - keep it simple.
ReplyDeleteStill pushing Datros numbers up:
ReplyDeleteHere is an absolute must read:
http://www.ytwhw.com/2011/0208/FED-WATCH-San-Francisco-Fed-Paper-Claims-Data-Overstated-In-2010.html
This is blow the doors off stuff.
Late start today. Good afternoon everyone.
ReplyDelete@Thor,
ReplyDeleteI think that the links to images might be enough, posting an image would be ok, too. I don't think we want bandwidth problems, and sometimes the images have to be resized to fit even the large post. So probably not.
Nice thought, though.
Rock you got to rember, I am a Mangy Mutt, that means I have little fur and the fur that you do stroke backward will just fall off in clumps and make a mess.
ReplyDeleteThe 11:20 comment was embeddid within the 11:35 comment, meaning that someone (Either Andy or the Anon that posted it, copied it and the time stamp) So I was not sure if Andy tried to post it and it got stuck in the filter, then reposted it or someone dug it out of the filter.
In either case if that was Andy, I just wanted to let him know if you think you have something worth saying, it is a good thing to attach ones name to it.
Mutt
Rock,
ReplyDeleteWhen ever you would like to take another day you can always take Thor's or my Friday spot.
And conversely, anyone who needs a day off can either just post an open thread or let one of us know.
Rock,
ReplyDeleteGood stories.
Afternoon, denise! As you can see, you didn't miss much. Same stuff, different day. The grind upward continues.
ReplyDeleteDamn, are we going to see Oil hit 85?
ReplyDeleteI-Man is thinking 75 before its a good buy...
ReplyDeleteI-Man, ooo, do you think it'll go that low again? Maybe another pulse down before the summer driving nonsense get's started again?
ReplyDeleteNot saying the I would short it though... but if you already are, may as well hang on.
ReplyDeleteAlways a geopolitical "call option" on crude that keeps me from shorting it.
But I dont trade it yet.
Not sure about any fundamentals or reasons why, I could just see the whole spike from 85 to 92 getting played again on the downside from 85... should settle right at 75, retest some downtrends, and get off to running from there.
ReplyDeleteI-Man, nor do I. I wouldn't even know where to begin either. Sometimes the geopolitical stuff seems to affect oil, remember 2008? When everything caused oil to go up? Sometimes it doesn't seem like it does at all . . the gulf oil spill.
ReplyDeleteAnd now for some news on China
ReplyDeleteTHE CHINESE MARKET COULD BE DUE FOR A BIG RALLY
Aaron Boesky, CEO at Marco Polo Pure Asset Management says the conventional wisdom is wrong about high rates and lower equity prices – at least in China. Boesky says rate hikes were a leading indicator of the last multi-year bull market in Chinese stocks and believes that this time could be the same. He cites the following chart:
Mish
ReplyDeleteOh like several commenters said I couldn't pocket money withouth work in my whole life but is never to late too become a pimp isn't it?
Rock Mutt Manny you are on fire today with the jokes!
Regarding the pharmacy and playboy yes is a good example that causation is not so simple to spot on any event.
Dan
On strike...on strike...on strike!!!!
ReplyDeleteBut Rock tomorrow morning I'll show up for work at 6am
Dan
Geez look at this market go. If this keeps up for much longer we're going to be taking out our Down 13K hats. Have we ever had this fast a climb before?
ReplyDeleteMutt - hang on to you Down 10K hat, the next crash should be one for the record books.
LOL Dastro. No kidding, Thor. Will these three decades (once this one ends) be known as three massive bubbles one after the other, and each successive one bigger than the other? It's all really insane if you ask me, but might as well go with the flow until the shit hits the fan again. What else can we do?
ReplyDeleteManny - me too, but think about history . . .we had this kind of economy for decades before the depression - a series of bubbles popping then re-inflating somewhere else.
ReplyDeleteThen look at Japan . . . we could go decades like this, and probably will!
Using every trick up their sleeve, the old guard in Egypt today warned of a coup, "to protect Egypt" and "there will be no regime change and no immediate departure of Hosni Mubarak".
ReplyDeleteSource: the guardian blog.
ICan
"Protect Egypt" or protect their own ass and good life. They should learn a thing or two from the French revolution.
ReplyDeleteICan
ICan - Meaning; "We're just going to string everyone alone with promises of reform until this whole revolution thing dies of neglect, but next time, we won't be caught so off guard"
ReplyDeleteThor - Good thing us American's are WAY smarter then our Egytian counter parts, cuz we would NEVER listen to empty promises and allow ourselves to be strung along by failed policies.
ReplyDeleteWe would never let a class useless elites that do nothing to actually help us, usurp our birth rights.
I am proud to be an American - Cuz we are so damn smart.
(That wasn't too snarky was it?)
Mangy Mutt
Mutt - hah, but you just took the words right out of my mouth! No, we wouldn't know a thing about believing that things are going to change, even when they never do!
ReplyDeleteMutt - You nailed it!
ReplyDeleteAnother day another dollar.
ReplyDeleteFascinating to see how quickly societies can evolve.
ReplyDelete"Glee" pulled in high ratings in the post-game slot. The episode was watched by 26.8 million people after the Packers-Steelers matchup, making it the top scripted telecast in three years, according to The Hollywood Reporter.
Which, as you know, is a sign that our age old plans for world domination are finally coming to fruition.
ReplyDelete:-)