First on our list is a vintage musical genre new to me called Exotica, who's Wikipedia entry is as follows.
Exotica is a musical genre, named after the 1957 Martin Denny album of the same title, popular during the 1950s to mid-1960s, typically with the suburban set who came of age during World War II. The musical colloquialism, exotica, means tropical ersatz: the non-native, pseudo experience of Oceania (Polynesia, Melanesia, Micronesia, Southeast Asia, and especially Hawaii).[1] Denny described the musical style as "a combination of the South Pacific and the Orient...what a lot of people imagined the islands to be like...it's pure fantasy though."[2] While the South Seas forms the core region, exotica reflects the "musical impressions" of every place from standard travel destinations to the mythical "shangri-las" dreamt of by armchair safari-ers.[1]
Next up is British Artist by the name of James Blake who I was introduced to by a co-worker.
From his Rolling Stone write-up:
U.K. dance music subgenres don't usually produce soulful singer-songwriters – there was no Marvin Gaye of grime, no Bill Withers of Balearic house. But in James Blake, the squish-grooved London club throb called dubstep just got its very own emotive song stylist. Blake uses neosoul keyboards, blip beats and layered snips of his heart-starved warbling to create softly roiling slow jams. Like Radiohead, Blake's sonic empty spaces highlight human distance: His cover of Feist's "Limit to Your Love" dangles lyrics about a dying relationship above trip-hop fizz, and when he does inch toward happiness on "Wilhelm Scream," he makes finding true love sound like entering a void. "All that I know is I'm falling," he sings over a swirl of black digitalia. Yep, falling right into the mystic.
Moving on to a more familiar name - Seal, who is back with what I would consider his best piece of work since Seal IV. Below is my favorite song from this album, a love song written for his wife (Heidi Klume) The video itself is beautifully done and their obvious love for each other always brings a tear to my eye. It's a shmaltzy song, but there's something in the video for you guys, Heidi is nearly naked ;-)
Finishing up is at long last new music from one of my favorite singer/songwriter George Michael. An interpretation of True Faith, a song by 80's band New Order. I may be one of the few people who likes what he's done with the song, but I ask that you give it a try. Please note that although it may sound like it's heavily autotuned, what you are hearing is something called a digital harmonizer, George's voice is clearly discernible as the mid-tone.
I love it! Plus maybe you inspired the market to rally!
ReplyDeleteI'm getting more confident in my 1230 target after seeing that BR and his FusionIQ have (or had?) the same target. BR says:
ReplyDeleteAnd see this narrated video from March 10
FusionIQ Market Review
http://www.ritholtz.com/blog/2011/03/fusioniq-market-review/
“S&P500 downside target 1228″ (at 4:00 mark)
Allocation Shift: Closing Shorts, Adding Longs
Well, obviously the title doesn't hint in that direction, so maybe they've dropped that target now.
Sidenote to Thor: I'm noting that this time, it's you who tried to get into a fight with Andy.:p
ReplyDeleteWolfie - hah. How so? I've been good I swear!
ReplyDeleteWas scanning new music last night. Alice in Videoland. Swedish band. Think of it as J-pop / 80's sung in english.
ReplyDeleteSpaceship
Snapback?
ReplyDeleteOk. Why not Roger's and my favorite group?
ReplyDeletehttp://www.youtube.com/watch?v=XvUdr3Qc3f4
@Todd
ReplyDeleteThat is great! A friend of mine owns a bike shop in Topanga Canyon CA and on my return trip last July, he took me down a trail like that he called "an intermediate trail". Since I had done some biking before, I thought no problem. Well, I got down with nothing broken but my pants were brown. They started off white.
You know, on a trail like that, brakes are worthless, right?
Anyway, thanks for the intro, I will get some more Alice. Good stuff.
Thanks
ReplyDeletePlayed that song 3 times on the way to work. It does a good job at pumping you up. The two songs in front of it on the CD are not bad either didn't make it past the third song.
Happy St. Patrick's day. Love green!
ReplyDeleteEven marketwatch.com has a green bulletin(may change on the instruction of the International Federation of Rumormongers - coined by Art Cashin).
ICan
Art Cashin via businessinsider.com
ReplyDeletehttp://www.businessinsider.com/art-cashin-on-wednesdays-rumormoners-delight-2011-3
ICan
Good luck to the Times with this decision:
ReplyDeletehttp://www.nytimes.com/2011/03/18/opinion/l18times.html?_r=1
Macro-man of fear of nuclear melt-down
ReplyDelete"At this rate you'd see the world market fall 10% the moment someone flashes their 1970's luminious watch. Isn't there more radioactivity coming from the Americium in smoke alarms?". LOL!
"2433 lives lost in Chinese coal mines last year. Considered a huge improvement from 1996-2000 average of 7619".
Regarding Gaddafi -"He threatens to cut all contracts with the west, apart from Germany...has us wondering what the hell Germany have been doing behind scenes to curry favour?
http://macro.man.blogspot.com/
ICan
Todd - I like! Have you heard Robyn? Also Swedish, a little more sugary sweet pop than this, but still good I think.
ReplyDeletehttp://www.youtube.com/watch?v=-3a2qoyONVA
Green for St. Patrick's Day - who says there is no God?
ReplyDeleteManny - I heard about that on my way in to work this morning. That will last them a couple of months before they have to abandon the plans. They're apparently thinking that people will pay for their content the same way people will pay for the Wall Street Journal and the Financial Times. Someone in their marketing or finance department is obviously too old or incompetent (or both) to be in their position, not understanding that people will pay for the Wall Street Journal and FT because doing so can help them make money. I don't know a whole lot of people who would willingly pay for the NYT when so much other nearly identical content can be found in so many other places for free.
ReplyDeleteWas also wondering who, under thirty, even reads the NYT anymore. Younger people have increasingly less patience for their form of old school, long form, journalism. I've found myself focusing on those "live blogs" that I discovered on Al Jazeera for particular news events. I don't often want to read an entire article for a fast moving current event (Japan, Egypt) because more often than not, the "news" is either already irrelevant, or so obviously skewed toward on political position or another as to make the, irrelevant.
ReplyDelete"Regarding Gaddafi -"He threatens to cut all contracts with the west, apart from Germany...has us wondering what the hell Germany have been doing behind scenes to curry favour? "
ReplyDeleteAha. Germany, the largest economic power in Europe needs oil like Japan needs oil as they produce little of it themselves. And is Gaddafi that crazy as to reveal that information to the rest of the world?
@I-Man
ReplyDeleteThank you for sharing your thoughts on the market. What a prescient call on the market turn few weeks back.
Jeff had it right too.
ICan
The Art Cashin article is a very good example of how markets react to rumors, and is worth a click just to see him celebrating St. Paddy's day in a green hat.
ReplyDelete@denise,
ReplyDeleteShould rumormongers be held responsible or are they doing their jobs by blurting their fears? Hard to say.
But Japanese people need all the help, not more fear. I can't imagine the fear people must feel - especially those who cannot leave. For the western experts to blurting all "informed" opinion is irresponsbible.
ICan
@Greg,
ReplyDeleteCredit-Suisse - Apple target $500 -marketwatch.com
ICan
Also incredible reading is the Michael Lewis article written in 1989 describing the 1923 Tokyo earthquake. He was as fine of a writer then as he is now and the article is chilling.
ReplyDeleteMichael Lewis Japan Quake 1989
Difficult to read in that form but I just zoomed in to make the print easier to read.
Agreed Thor. We shall see though. I stopped paying for the WSJ a long time ago after Murdoch took over and began ruining the paper. The Op-Eds were also a bit over the top to the loony Right but I usually just flipped by that section anyway.
ReplyDeleteRumors are spread in many different forms. In the past they were spread with lightening speed because traders were interconnected by phone everywhere - to the trading floors, to the buy and sell side people, to large traders.
ReplyDeleteA joke could be told on the trading floors in Chicago and spread worldwide in a flash, rumors follow the same routes.
Now with so much of the world and all important financial centers connected 24/7, these rumors get spread faster than the speed of light, some are just disseminating information, some are done to move markets.
Very hard to track down rumors to punish anyone.
You can read the articles at the WSJ by cutting and pasting their name into google. I refuse to pay for the WSJ for the same reason as you, Manny.
ReplyDeleteExactly Denise, so why pay? It's a total waste of money.
ReplyDeleteCorrection ovah Thor? What say ye? I'm inclined to say not, but we shall see.
ReplyDeleteIt is going to be 66 here today! See you all later.
ReplyDeleteGotta love it Denise. Smells a bit like spring outside. Green shoots anyone?
ReplyDeleteManny - I'm afraid to make a call. Although it's no secret that I didn't think this was going to be "the big one" (sorry for the pun). I think we get one or two more big days down then it's rally on Garth!
ReplyDeleteI hear you. What propels it higher though? That's what I'm struggling with at the moment. It seems that geopolitically, things are worsening. Do we just get la-la land here in the U.S. or U.S. does well by default because things are worse everywhere else?
ReplyDeleteManny,
ReplyDeleteQuit thinking that we need some sort of catalyst to move us higher. What was the catalyst at the bottom in 09? Or the July bottom in 2010 with BP?
Or at any bottom for that matter? Things always look the worst at bottoms. I have found it to be an exercise in futility to look for such things.
True Denise, but at the bottom in '09 we had already crashed. We're over 90% off those lows and right now, we've barely pulled back 5% of those highs. We may head up a bit from here, for sure, but I still don't think we go any higher than the previous highs. We shall see though.
ReplyDeleteBut it would NOT surprise or shock me to see this thing move higher than the previous highs. Not one bit. Not after everything we've seen.
ReplyDelete@Jeff,
ReplyDeleteI am thinking the samething. What catalyst to move us higher. Mar.09, Aug. 10 was QE1, QE2.
Ulitimately, human resilience!. Humans are forward looking creatures(no pun intended). What else is there to do on this lonely planet?
ICan
FWIW - Cramer is selling into today's rally. I'm with Cramer then? Wow. LOL.
ReplyDeleteTokyo Passengers Trigger US Airport Radiation Detectors
ReplyDeleteRadiation detectors at Dallas-Fort Worth and Chicago O’Hare airports were triggered when passengers from flights that started in Tokyo passed through customs, the New York Post reported.
Tests at Dallas-Fort Worth indicated low radiation levels in travelers’ luggage and in the aircraft’s cabin filtration system; no passengers were quarantined, the newspaper said.
Cramer is an Idiot.
ReplyDeleteThere it's been said.
Mutt
Looks like, once again, the bullet is mightier than the tweet.
ReplyDeletehttp://www.arabianbusiness.com/war-will-be-finished-in-48-hours-gaddafi-s-son-says-388097.html
FYI, the government pulled the internet plug so free communications couldn't happen.
Moral of this story is be sure you set up out-of-bounds routers and local area subnets with your neighbors. An underground internet would be hard to subvert.
Just wanted to let you all know, my wife becomes an American today, we are just heading out to go the swearing in ceremony.
ReplyDeleteI guess this means my days of threatening to call emigration on her when she didn't make me dinner are over :)
Anyway you guys have a great day and good luck trading - Talk to ya when we get back.
Mutt
Manny - I think the market rose on a wall of worry for two years, we could just stop correcting and rise for no reason for no other reason than because that's what the market has done over the last two years. . .
ReplyDeleteI don't think that pattern is going to go on forever, but maybe as long as the feds are still pumping money into the economy? BB has certainly proven himself to be the king of QE, I think the impression with most investors is that Uncle Sam will back-stop the markets for the foreseeable future.
Rock - Looks like I made enuff for another cup of coffee, still not putting too much money in, but it is nice to see some of the things you guys have been talking about around here start to bear fruit.
ReplyDeleteMutt
@Mutt,
ReplyDeleteCongrats to you and your family. Have fun. I know U.S. citizenship is a big deal to a lot of people in the world.
ICan
I agree, Thor, but at some point all of this money printing may end up having counter-effects, especially given the rise in commodity prices, which will likely eventually hinder margins. It may take time for this to play out though. Agree with that.
ReplyDeleteCongrats to you and your wife, Mutt!
Small LCD is in trouble.
ReplyDeleteAAPL is not affected, but the stock price may be affected by the news because the price of small displays are more dear now. AAPLs displays come from Korea.
http://www.reuters.com/article/2011/03/17/japan-supplychain-idUSTOE72G01N20110317
Our budget negations are in high gear lately. They've started cutting - 7.4 billion so far. That's about a third of the way there. Should be brutal.
ReplyDeleteMutt - Congratulations!!
ReplyDeleteCongrats to your family, Mutt. Both on the citizenship, and buying low and selling high.
ReplyDeleteI went to two of those ceremonies. They are quite emotional, and are very excellent memories for me.
US military is conducting free airlifts out of japan.
ReplyDeletehttp://www.bloomberg.com/news/2011-03-17/washington-day-ahead-u-s-plans-airlift-for-citizens-in-japan.html
Only air travel will be supplied. It's up to the traveler to arrange lodging at the other end.
AAPL delays the announcement of the iPad2 in Japan indefinitely.
ReplyDeleteI'm not sure where the iPad display comes from, I just know about the iPhone.
http://news.cnet.com/8301-13924_3-20043655-64.html
The news is not good. Just on news alone, my feeling is the market drop isn't finished. Based on the Stockcharts.com $spXA50, the decline is not over.
ReplyDeleteBut we could see a snap back like we saw in Mar 2009 because of all the hot money on the sidelines. Stay tuned.
I think it's a good time to establish a market order on SSO that is executed on a 5% rise.
I wish Dastro would chime in.
Very interesting?
ReplyDeleteMichael Lewis' Prophetic 1989 Japan Disaster Piece
http://www.huffingtonpost.com/2011/03/16/michael-lewis-wrote-1989-_n_836760.html
A couple of hundred sand hill cranes going north just passed over us.
ReplyDeleteThe NRC knew the GE design was risky in the event of an accident since 1972. However, greed and profits overcame that argument.
ReplyDeleteso who'w surprised?
The question is now, how close do YOU live to a GE reactor? It might pay you to find out.
http://www.nytimes.com/2011/03/16/world/asia/16contain.html?_r=1
On a positive note, this may revive the US housing industry. I see a lot of second homes now being deemed necessary.....
Denise - RE: Airports. WOW! I'm less worried about them coming in with trace amounts of radiation on them, than I am impressed that the scanners at airports are sensitive enough to pick it up! That's encouraging.
ReplyDelete@Denise: Wife and I may do a little eagle watching down the Mississippi this weekend. Prime season to catch them makin their way north up the river.
ReplyDeleteor maybe reassuring is a better word?
ReplyDeleteMight we go red by market close?
ReplyDeleteManny,
ReplyDeleteWe saw them by the thousands and other migrating birds when we drove through Nebraska on the way to Colorado during this same time a few years ago and are looking forward to seeing them again.
Rowe Sanctuary Sandhill Crane
We always wanted to see the eagles on the Mississippi but never got a chance, there are a few that hang out on the Illinois/Iowa border but you have to be lucky to get to see them.
ReplyDeleteLots of volume on this break of the low of the day. It will be interesting to see if the bulls or the bears win this one.
ReplyDeleteIt's quite a sight to see so many at once, Denise. Once in a while, we'll see one near our neighborhood lake hanging out in a tree. Got up fairly close once but had a shitty camera phone (not the i-Phone at the time) at the time and picture wasn't great.
ReplyDeleteFrom cobras' intraday thread:
ReplyDeleteInstitutions are still in distribution.
99er's chart - S&P target 1225.
ICan
Fading?
ReplyDeleteHere's a future idea for you, if you wanna put it on your trading radar.
ReplyDeletehttp://beststockpicks.biz/pre-market_trading_alerts/fedex-corp-reports-third-quarter-earnings.html/
1.2 million packages per day this quarter (ending Feb 28, includes Christmas and Chinese New Year, so the numbers may be skewed a little).
However, I wonder who's gonna deliver all those packages to Japan.....
@ICan
ReplyDeleteMy previous target I commented here was 1240 based on the slopes and channels. But last couple days, the slopes have increased, so without doing all that work again, 1225 is likely. Or even lower, the 1225 may now be conservative.
TDAmeritrade won't let me make a market buy using a trailing stop. I tried to make a 5% trailing stop buy on SSO and make it active until cancelled, but TDA won't take the order for more than one day.
Oh well.
Watch for the popback. Could be like a crossbow string.
New 52-week low for CSCO.
ReplyDeleteGS says the lack of a single component can stop production. Which means furloughs and/or layoffs. Not only is Japan a significant source for small LCD displays, but Kyocera is huge on chip components like resistors and capacitors (greg: that's techno-speak for parts inside computers and iPhones) and Mabuchi is huge for rare-earth magnet motors. Assuming they can get the Chinese to send a boat.
ReplyDeleteGS is concerned about car production, but I think it goes beyond that.
The other thing is that Japan is concerned over seafood.
I don't like fish very much, and take fish=oil pills from Costco. But for those of you who do, it may be a good idea to take it into the bathroom, close the door, and see if it is glowing. Before you cook it.
And on a brighter note, the Chinese are hoarding iodized salt, thinking they can injest 6 pounds per day to get enough iodine to prevent thyroid cancer.
ReplyDeletehe he he he he he he
The Chinese government has posted on their front page that this doesn't work.
No wonder we get lead paint on our kids' toys. They have no clue.
Bloomberg just told some estimates on costs of nuclear reactors. A nuclear power plant costs 10 billion to build, and about 5 billion to de-commission. A natGas plant costs about 1 billion to build, and 250 million to decomission.
ReplyDeleteThey didn't say the cost of the fuel/KWH, but they did talk about how few companies can do uranium enrichment.
I'm just a dumb ol rock. I do not understand why we would build a nuclear plant rather than a NatGas plant. 15 Billion would pay for a lot lot of KWH's.
The Globe and Mail picked up that NY Times story re pay-per-view of their articles:
ReplyDelete"N.Y.Times unveils pay wall:Canada first". www.theglobeandmail.com/report-on-business/
"Appears to be using Canadian readers as guinea pigs".
Over 200 comments on this story. Sample -
"What sort of idiot pays for something that's free? Okay, ..people who buy bottled water".
"This should mean less Canadian readers of the N.Y.Times".
Just google the headline and read it free if it is important.
The Guardian has done a better job on MENA uprising.
ICan
Ican - They fail to see the writing on the wall. They have to have a product that people will want to pay for and sadly this no longer appears to be the case with most of the old school MSM.
ReplyDeleteFrom the financialpost.com,
ReplyDelete"G7 to agree to Japanese intervention:repot".
Japan to curb excessive Yen strenth.
So will they buy the U$D?
ICan
@Rock, your 2:51. I expect Apple will announce shortly that they are no longer using resistors or capacitors in their products. It will change everything....again!
ReplyDeleteICan - I've been wondering about that! Is that perhaps the Japanese selling their bond holdings to repatriate money for reconstruction?
ReplyDeleteI thought I'd share this with the group. My niece and her husband are stationed in Japan (north about 200 miles from the earthquake). His note says "I wish people would spread the word..." so I'm doing so. :-) This is in response to relatives telling them to send the kids home.
ReplyDeleteThat's the thing Shannon, we are out of harms way. 250 miles north of any damaged nuclear reactors, winds don't travel south to north as far as that goes we are safe. The voluntary evac for Misawa is an effort to conserve resources and in my... opinion appease those that have zero faith in the military efforts to help. There are people that sit glued to their televisions listening to CNN, Fox, and the others scare media channels. It's good for some info now and again but come on people, every once in a while you gotta change the channel. Don't get me wrong it's a disaster but for us we are doing better than other parts of Japan. I wish people could spread that word instead of the fear that we are entering the end of the world. Thanks for your offer and help at the same time.
Which leads me to wonder if the MSM in this country has move beyond irrelevance, and are now actually beginning to be counter productive to society. If the MSM is more often than not the cause for hysteria, or making situations worse than they need to be. . . .
ReplyDeleteIcan - WOOOOHOOOOOOOOOOO
ReplyDeleteUN authorises no-fly zone over Libya
Security Council imposes a no-fly zone over Libya and authorises "all necessary measures" to protect civilians.
They will do anything for ratings! It is always all about the money and the eyeballs for the most sensational coverage.
ReplyDeleteDenise - I know it's been like that awhile. I remember noticing it for the first time back in 1989 after the earthquake in San Francisco. How if you watched the news, you'd think the Bay Area had been destroyed, but driving around, for the most part, you couldn't tell we'd had an earthquake at all.
ReplyDeleteI noticed it going into hyper-gear after Iceland and how completely opposite reality was from what we saw in the MSM. Hopefully they'll die of sooner rather than later, as I said, I think at this point, they do far more harm than good.
@Thor,
ReplyDeleteAbout the Yen - I guess as Yen carry trade unwinds and money repatriated, the government probably doesn't want it too strong for the sake of exporters.
About U.N. no-fly zone - too late. Ditherers! What good will it do now?
Re: fear mongering, Now the media and the White house in damage control mode? Prez. Obama went to the Japanese embassay and signed a condolence book for the victims try to reassure U.S. citizens re nuclear melt down in Japan.
ICan
Oil at $103 after the U.N vote.
ReplyDeleteICan
From Marketwatch:
ReplyDeleteU.N. takes on Libya. Military strikes expected within hours, report says.
Japan radiation levels are down slightly:report.
Video:President stresses he doesn't expect harmful level of radiation to reach the U.S.
iCan - military strikes in a matter of hours. I think they could do quite a bit actually, they could destroy all the heavy weaponry - the entire air force, as well as the launchers they've been using to bomb the towns and cities.
ReplyDelete"Rogers concerned about long Yen position"- marketwatch.com
ReplyDeleteInsurers and financial institutions have to repatriate billions.
@Thor(7:51)
ReplyDeleteIt could be messy and turn into a guerrilla warfare. The west is afraid of a long messy war like Afghanistan and he knows that.
ICan
ICan, that's easy, don't send in ground forces. Never really understood why they do that nowdays.
ReplyDelete"History is a nightmare from which I am trying to awake."
ReplyDeleteJames Joyce
@Emmy,
ReplyDeleteToo close to home for you. Is your brother back? Hopefully safe.
ICan
Emmie - Ain't that the truth!
ReplyDelete@ICan
ReplyDeleteHe's stateside for now. No word yet.
USD/YEN 81.36(+2.37) over 3%
ReplyDelete#
ReplyDelete#
Timestamp:
2:47am
Canadian media reports say there are plans to send six CF-18 fighter jets to help enforce a no-fly zone over Libya, broadcaster CTV said citing government sources, adding that they will fly alongside US, British and French aircraft, and those from other countries.
OOOOH Canada!
And then there's this . .
ReplyDeleteTimestamp:
3:16am
The Wall Street Journal, citing US and Libyan officials, is reporting that Egypt's military has begun shipping arms over the border to Libyan rebels, with US knowledge.
The shipments - mostly small arms such as assault rifles and ammunition - appear to be the first confirmed case of an outside government arming the rebel fighters. Those fighters have been losing ground for days in the face of a steady westward advance by forces loyal to [Gaddafi].
I'm so thankful that the international community is finally doing something. I think this move will win us a lot of credibility in the Muslim world, and think about how this is discrediting Al Quaeda. Not only are the people themselves throwing off Quadaffi, but the west is now actively assisting the people.
ReplyDeleteThe wider and long term ramifications of this could be pretty good.
Also, think about what the Arabs of North Africa are showing the rest of the world. They are showing us that they are more than capable of transitioning to Democracy in a way that does not immediately cause the countries to revert to Islamic Fundamentalism. What credibility do we now have to prop up other petty tyrants in the region? We can't really use the "It's either these autocrats or Al Quaeda" argument anymore can we?
ReplyDeleteMaybe the best thing we can do in Iraq and Afghanistan is to leave.
So hope Gkquadaffi never retakes Benghazi.
ReplyDeleteOne poignant testimony heared in a documentary about the Lybian revolution, was that rebel man begging the world through the screen:"Please don't leave us. If the West abandons us, as soon as the cameras are gone, he will come into our houses, to kill us!"
I bet we can trust the old tyrant bastard will start a massive bloodbath if/when the media decide the show is getting late and it's time to move on.
Deepest respect to the valliant rebels, the only true Lybian people. Good luck...
doing a Rock and adding a comment!
ReplyDeleteI hope so too, Wolfie.
ReplyDelete