I had my topic all set to go, but the link that explained everything so nicely disappeared.
Then Barry beat me to posting my second and third links, bastard.
Then I got too tired to try and find some new material and put together a few paragraphs.
So, I am going to post a few pictures and call it a day.
This coyote was carousing in the vacant lot next door to my house a few years ago. Naturally, we can't let our little dog out in the yard at night anymore. My little dog would come up to it's knees.
@Dss:
ReplyDeleteWhen I was living in CA, there was a little dog, just like yours, that was very fierce, and I saw the dog run out and bite a jogger (like watching a movie, I just watched and couldn't believe what I was seeing). Anyway, I saw that dog make 3 coyotes back away, with it's yapping and advancing then pullback (reminds me of the market). The owner liked to let the dog run the neighborhood, so when it pooed in my yard, I plucked the poo and deposited it at his front door. (I swear it wasn't me who put it in the bag and lit it).
One day, the dog simply disappeared. (after I moved to Sing, I swear!)
But there were also mountain lions and bobcats in residence around our houses. CA coyotes are like representatives, cowards even in crowds.
WEll, it seems we had some buying at the end of the day yesterday, and "lo!" a pop at the open.
ReplyDeleteLooks like it's losing steam fast. Maybe sell into this one. Selling volume is high.
Rock,
ReplyDeleteThe coyotes have been very commonplace here now, being as so bold as be trotting down the sidewalk at times. My friend's dog, bigger than mine, was killed by a coyote that jumped a six foot fence.
But the good news is that the bunny population has decreased dramatically, so my garden doesn't get eaten down to the nubs.
Strange market, TLT is up, JNJ and MRK up, but it is option expiration day.
ReplyDeleteGold up, Silver up, Oil down. XLV, XLF up, XLP down.
ReplyDeleteGreat photos, Denise! A couple of years ago at my in-laws' cabin in Estes Park, we woke up to the shrill noises of several coyotes, which had my 35 pound dog shaking so hard that the whole bed shook as well.
ReplyDeleteOver the winter here I also spied a coyote stuck out on the middle of our lake here in the city near my house. Looked like he was kind of confused as to where to go with people walking all around.
Been a "strange market" for a while now, Denise, don't you think?
ReplyDeleteIf we close below 1339 today, we're down for the week.
ReplyDeleteIt's got a long long way to go to get there, so it looks like Eve's formation may stay intact.
Don't you just love this stuff?
Denise - The first two pictures you have up are of a very cute dog...The third one....Not so much :)
ReplyDeleteMangy Mutt
My dog does a nice job of keeping the bunny population (which can be ridiculous at times combined with the squirrel population) down here in my yard during the day (although she's down on her killing #'s lately probably due somewhat to age) but at night they come out and hammer my garden in the summer. Gotta take more drastic action on that front this summer. Frustrating battle. Maybe I need to get a cat, which my dog won't like at all.
ReplyDeleteManny,
ReplyDeleteOh yes, strange but weirdly predictable (up).
Interestingly enough the momo stocks are down, BIDU, VMW, SINA, AAPL, NFLX, BTU.
Thanks, Mutt! I thought the mange was especially cute. Actually, I feel bad for these animals as they have to come into suburbia to search for food.
ReplyDeleteI wonder what old Lou Mish thinks about this?
ReplyDeletehttp://www.nakedcapitalism.com/2011/04/mirabile-dictu-walker-admits-in-testimony-that-ending-collective-bargaining-wont-save-money.html#comments
My dog has killed countless squirrels which is so awful to see, but never once has he gotten a bunny. I think they are too fast and unpredictable and they mostly come out at night when he is sleeping.
ReplyDelete@Denise: Perhaps a sign of a coming rollover/correction?
ReplyDeleteI hate it as well, Denise. I once had the misfortune of watching a baby bunny die in front of me after my dog snagged him on a summer night. Not a pleasant thing, at least for me anyway. You could see why I'd be the WORST hunter in the world.
ReplyDeleteThis is mildly amusing. Boner might need to up his nightly cocktail quotient to deal with the nabobs in his own party. I think he's finding it's much more enjoyable at times to be the miniority party that doesn't actually have to do anything but continually poke from the outside. LOL.
ReplyDeletehttp://www.nytimes.com/2011/04/15/us/politics/15boehner.html?hp
Manny,
ReplyDeleteI saw the clip of Kucinich questioning him and it was great. I wish more of these jerks are put in the hot seat and made to testify, revealing that they were lying the whole time. Nice clip to replay over and over at election time.
Gotta love that Kucinich!
CSX is on my radar today. I sold into the open, bought at the low, got stopped out, and it's back on its way down again. On the 3 minute chart.
ReplyDeleteIf I see it turn before it gets back down to 75.80, it's likely to spring back upwards. Looking at the daily chart, it's just fallen out of its upchannel, so it could spring back in with a good day, and resume the upward trend.
But, of course, the Spy is headed south. I won't fight the tape, but this looks like it could be a good play. We'll see where Spy turns around.
True Denise, but the thing is, do most people even pay attention or CARE at this point? It seems they don't. At least now anyway. Shock & awe indeed.
ReplyDeleteManny,
ReplyDeleteThis market resembles the October 2010 rolling over before the big push up which started in November which crushed all of the shorts. The indicators I follow are mixed and as people's expectations are priced in, they show weakness that might not be warranted. Markets can correct by going sideways which would skew many internal statistics.
Tops are very hard to predict as there usually is a process going on that takes months, if not a year (2007-2008) to unfold. And much the same deterioration occurs in the internals whether it is a top, or a pause before going higher.
The important indicators that I follow such as the McClellan Summation Index have been diverging since last November, which put in their third lower high, while prices have powered forward.
I'll see if I can post it up top.
@Mannwich:
ReplyDeletea solution for the bunny population:
get one of the LED tight focus maglites and tape it to the side of a Crossman .22 cal pump pellet gun. Replace the on-off switch with a remote you can hold in your mouth. Then just wait up until 11:00 or so, and sit out in the yard. Aim just a little tiny bit below the pink spot.
Hassenfeffer! Yum!
@Rock: I'm sure that would be a great solution, but I don't think I have the stomach to do that, even if the city of Minneapolis (or my neighbors, one of which has three kids right next door) would allow it. LOL.
ReplyDelete@Mannwich:
ReplyDeleteThat's why you use the pump gun. SBD.
(If you don't remember from your Jr. HS days, that's "Silent, but Deadly".
@Dss: Speaking of sideways consolidation: my favorite short X on the 6o min chart looks just like I70 through Ill and Ohio.
Manny, can't you just throw a bunch of lettuce and carrots into your neighbours back yard? I mean he's got three kids, they probably like bunnies.
ReplyDeleteLOL greg. Not a bad idea, actually! I used to have to cover up for my dog after she'd kill one of these little critters if the kids were out next door. Especially the baby bunnies. I'm sure the kids wouldn't have liked that at all.
ReplyDeleteFrom Bloomberg:
ReplyDelete"A Greek debt restructuring “would not be a disaster” and Germany would back a voluntary effort to ease the struggling euro member’s repayment terms, Deputy Foreign Minister Werner Hoyer said. The euro and Greek bonds fell after his comments.
The remarks by Hoyer were the most explicit by a European official showing a 110 billion-euro ($159 billion) bailout for Greece may fail to prevent the first default by a euro country. His message contrasts with Greek Prime Minister George Papandreou’s pledge to avoid a restructuring."
I pointed "half jokingly" this week end (I think) that EU making its first official statements about Greek debt restructuring was very bearish, given their past record.
ReplyDeleteThat was the EU "big bang theory" act1. Here is act2. Get ready folks. I'll try to keep track of the next updates by the EU, next few weeks.
(and I don't tell you which half is not a joke)
Let's all thank Wolfie, our European correspondent, for his timely updates! :-)
ReplyDeleteAll together now - THANK YOU WOLFIEEEEEEE.
ReplyDeleteRock - Thanks for pointing out your plans with CSX, I have not been following it and will not make a play for it, but I will check it out and see if I can pick up on the same types of patterns you are seeing.
ReplyDeleteWhich should hopefully give me a little insight into what to look for with out stocks.
Mutt
Sideways boredom rages on. Zzzzzzzzzzzzzzzzz.........
ReplyDeleteA preview of what's to come for the United States of Austeritization (for the Sheeple only, of course)?
ReplyDeletehttp://www.nytimes.com/2011/04/15/business/global/15iht-pound15.html?hp
Rock (10:25) - I am assuming you are referring to those little hand held pointer lazer lights that people to point at things.
ReplyDeleteIf you tape those to the top (or bottom) and can get it sighted in, they are pretty good for marking your target.
Those pump action pellet guns are pretty good for shorter distance, but it seems like anything beyond....50ish feet, they start to loose velocity and accuracy, but what can you expect, they are only pellet guns.
Mutt
I love this passage. Shows you just how out whack politically we've become in this nation. The cuckoos on the far right are setting the pendulum so out of kilter, that even vanilla right policies looks super "liberal" in comparison.
ReplyDelete"Other notable differences suggest that even Europe’s most conservative party is markedly to the left of the mainstream Republican position in the United States, and in some ways is more liberal than the position Mr. Obama has taken."
More...
ReplyDelete"To strike a political balance, the coalition government led by Prime Minister David Cameron of the Conservative Party, Mr. Osborne — himself a Conservative — has retained a 50 percent income tax rate on the wealthiest individuals. That is among the highest in Europe, and it imposes more of a burden on the rich than anything Mr. Obama or anyone else in Washington would find politically feasible."
When we first moved over here we would see the squirrels and say awwww look a squirrel, now it is like Ewwwwww Squirrels.
ReplyDeleteWe never had any of those on the reservation.
But we did have a woodpecker get into the house.
We had a two story house and right under the apex of the roof a woodpecker was making it's self at home.
Now those are fairly destructive birds and you do not want a family of them living in your house, but because of where it was setting up shop it made it nearly impossible to reach.
So I got the 22 rifle out, but EVERY time that bird saw me it would fly away, so I started parking a car in the middle of the yard so the bird could get use to it.
But every time I went to the car the bird would fly away.
So I started sitting in the car waiting for the bird, but every time I raised the rifle it would fly away.
Anyway, it took about 2 weeks and a lot of patients, but one afternoon while sitting in the car, I was able to raise the rifle slow enuff that I could sight the bird in.
Unfortunatly it was not a kill shot, I know I hit it and probably good enuff to eventually kill it, but it flew away.
And no more woodpecker.
Mutt
Manny,
ReplyDeleteWhat is most striking is that the Ryan plan not only eliminates Medicare and Medicaid, but it gives trillions MORE in tax cuts to the rich.
Now that is fiscal irresponsibility at it's finest. They don't even bother to dsiguise their "kill the elderly, disabled, children and the poor" agenda while giving more tax cuts to the rich. They pretend this will pay off the debt.
In the end Ryan's plan is going to ensure the re-election of Obama, as every single senior citizen and those over 55 (many, many boomers in that group) will run to the polls to vote for Obama.
Thanks, Wolfstreet!
ReplyDeleteYou da man.
I think I saw an article that said China will buy Spanish debt. They have 3 trillion loose cash lying around.
I don't think China grows olives. You may not know,but they're using used oil in the Chinese wetmarket eateries. I think they need the olives.
Doesn't Greece grow a lot of olives too?
Morning all!
ReplyDelete@Mutt:
ReplyDeleteWhen I lived in New Hampshire, I had parked a 56 Chev in my front yard. It was my toolbox.
Everybody had one.
Funny story, Mutt.
ReplyDeleteH&S bottom forming in the 60 minute ES.
ReplyDeleteGas on the west side of LA is now $4.40
ReplyDelete@Thor, we're paying about $5.25 up here buddy, no matter what side of town you live in. It's all part of our good neighbour policy to help you guys clean up that oil spill in the gulf.
ReplyDeleteThor - The higher gas prices are good for the economy and you too, now quit your whinning and start driving.
ReplyDeleteMutt
Greg - Nice to see you man up and be happy about these higher gas prices.
ReplyDeleteMutt
Greg - Well I have to say, that's very kind of you ;-)
ReplyDeleteMutt - I love your stories!!
I'm so jealous you guys have seen so many coyotes! We have zillions of them around here, both in LA and out in Palm Springs. People in or near the hills here are always having their dogs and cats eaten by them though, it's on the news all the time. Palm Springs has so many because the rabbit population has exploded over the last 20 years because of all the golf courses, you can hear them yipping late at night.
We have four dogs, two large one's and two small ones so not TOO worried about my babies. What I worry about more than coyotes though, and yes, I am aware this is somewhat embarrassing . . . my little white toy poodle is so tiny (just barely large than the rabbits) that there's concern that an eagle could swoop down and get her! Laugh all you want, but it DOES happen :-)
We're Canadian, we are at our happiest whilst being screwed. We're happy a lot.
ReplyDeleteGreg - Actually I've always wondered about that with you guys up there. Canada is MORE spread out than the US, you guys have to drive at least as much, if not more than we do down here. How do you folks afford that? Do people drive less? I haven't noticed that the cars up there are much smaller like they are in Europe. . .
ReplyDelete@Thor, I imagine it's about the same as down there. The longest commutes are of course in the large cities like Toronto, however mass transit in Toronto is huge, so large numbers of people only drive to the GO station as they are called, which is usually only a couple of miles from their houses in the burbs. My commute personally is like 3 minutes.
ReplyDeleteNice little pop today.
ReplyDelete@Thor:
ReplyDeleteThere are ranches up there where they have to transport gas drums and put them at strategic locations so vehicles can get home.
It's big in canada. Um, no wonder they're happy a lot.
;-)
@Denise (11:42 a.m.): Perhaps but you're assuming that most seniors can understand the complexities of each proposal and can get by their visceral anti-Obama biases. I'm not sure that's a given.
ReplyDeleteManny,
ReplyDeleteYou are correct. We have been moved ideologically so far to the right that it is entirely possible seniors will be cheering the latest tax cuts for the rich while being hoodwinked into thinking that the voucher system is the answer to all of our problems.
I have not heard one peep out of the health insurers in support of this bill and I would imagine they will not like being forced to cover seniors for $15k a year. Not to mention paying for the 25% overhead and layers and layers of insurance red tape. Nothing like making it more complex to get treatment.
Less is more, right? I for one don't want to be 85 years old and fighting insurance companies to get payment for my health care needs.
ReplyDeleteBut maybe the GOP is thinking - we kill two birds with one stone. People will die much younger with this voucher system due to lack of care, and then they won't collect as much SS, saving both systems. :-)
Nothing like voting FOR one's demise over and over and over again and THEN getting pissed about it by throwing childlike tantrum. Hello tea baggers?
ReplyDelete@Dss:
ReplyDeleteThis is another way for insurance companies to make money. The way it works is the insurance companies don't pay.
I had an operation. I decided to do it as an outpatient, which I guess is something unusual for this operation. We are responsible for the payment at the time of the service, so I paid the surgeon, the anesthetist, the nurses, and the hospital. Then I submitted the claims.
There were delays and delays imposed by the insurance company. Some were because documentation they felt was necessary wasn't supplied, but that documentation requirement is not on any of their forms. I got my boss involved, who called somebody in the government,and suddenly, checks (small ones) started to arrive. After a year. Bottom line, the insurance company has so far only paid half their responsibility.
My brother's firm sued an insurance company who didn't pay their bills and won. After that suit, they had to sue again for a judgement, and won. The court awarded the judgement, but the insurance company still hasn't paid. My brother's firm is going after an injunction to close the doors on the insurance company (it's a big one), but it looks like that won't win because of the collateral damage to other patients. Bottom line, the insurance company just didn't pay.
They get the revenues, because of fear (you don't want to be uninsured, do you?) then just don't pay out.
So this new bill is great for the insurance companies, they get paid directly from the government, but still don't have to pay out.
Here's only one of the many many class action suits:
http://www.mssny.org/mssnyip.cfm?c=i&nm=Aetna
It's so bad that there are companies specializing in attacking insurance log jams, who take a percentage of the payment. You can see ads for specialists in this area.
Obama's bill will obfuscate the problem because of the new layers of bureaucracy required. There will be more delays, and we seniors will simply die waiting.
Rock,
ReplyDeleteI could not agree more. Insurance companies (of all types) are in the business of denying claims. That's how they make money. It is why United Health Care was able to pay it's CEO $1.2 billion.
http://www.startribune.com/business/11093081.html
"Dollar Bill" McGuire has made lots of news with cash-and-stock paydays that have topped $100 million in recent years -- and he's still sitting atop stock options valued at $1.6 billion. McGuire's admiring outside board members -- 10 of whom have become millionaires through the sale of their own appreciated stock in recent years -- have defended his league-leading compensation on grounds that the giant health insurer's stock price has been a superb performer.
AAPL down to $328.67 and it's charts look terrible.
ReplyDeleteBut in true mafioso-like fashion, Mr. McGuire ponied up $5MM for this new Minneapolis park:
ReplyDeletehttp://bit.ly/hgh953
No matter about connecting the dots of where that money really came from - likely claimsholders who were denied coverage and may no longer be with us as a result.
Oil at 110 again. I need to stop obsessing about the price of oi :-/
ReplyDeleteWhat do we believe?
ReplyDeleteNew highs in the safety stocks - XLV, XLP, MRK up 2%, JNJ up 1.05%, TLT up (rates down).
AAPL down 1.34%. Gold and Silver up.
Despite the rally, the safe havens are telling us caution.
Back down from the highs, aren't we? Going to close flat, or make a down day the last day of a down week?
ReplyDeleteLet's watch the buying volume starting about now.
@Thor: I'd obsess to if I drove as much as you Southern Cali's do. ;-)
ReplyDeleteOooooh - could it really be?????
ReplyDeletehttp://www.businessweek.com/news/2011-04-14/greece-may-need-debt-restructuring-schaeuble-tells-die-welt.html
Greece May Need Debt Restructuring, Schaeuble Tells Die Welt
April 14 (Bloomberg) -- German Finance Minister Wolfgang Schaeuble said Greece may have to seek debt restructuring if an audit in June questions its ability to pay creditors, Die Welt reported, citing an interview.
Greece would have to negotiate to ease its debt burden since creditors can’t be forced to take losses until Europe’s permanent rescue system for the euro starts up in mid-2013, the Berlin-based newspaper cited Schaeuble as saying in comments published today.
“We will have to do something” if the review by the International Monetary Fund and European authorities in June raises doubts about Greece’s “debt sustainability,” Schaeuble was quoted as saying. “Then, further measures will have to be taken.”
That almost sounds like a done deal. Once Greece restructures, will Ireland and Portugal follow? Would then Spain demand a restructuring too? What would that mean for the banks?
Manny - EXACTLY - through in a touch of OCD and you got me :P
ReplyDeleteFrom Bloomberg's trading floor interview: "All we need to see is a little bad news and we'll get huge selloffs".
ReplyDeleteDon't think so, pal. Right now, I think our market looks at it like "somebody else's bad news".
Greek default is not a tragedy (Greek tragedy, get it?). If the market falls on this event, I'm gonna buy that dip.
I changed my search engine to Bing today. I'm disappointed with Goog searches, there are too many hits where my search terms aren't on the page.
I wonder how many others are fed up.
Rock - I would agree with that statement.
ReplyDeleteHas anything thought of what removing 4 trillion over ten years from the economy is going to do to GDP?
@Thor: No, because everyone knows it ain't gonna happen any time soon. Political posturing and kabuki theater to appease the tea baggers' childlike emotions in the short term and then when it doesn't happen, they can claim to have "tried".
ReplyDeleteHAHAHAHAH
ReplyDeleteAre the Dems finally growing a set of balls?
http://tpmdc.talkingpointsmemo.com/2011/04/pandemonium-dems-jam-panic-republicans-with-even-more-conservative-budget.php?ref=fpa
Filling up my car - survey says:
ReplyDelete$74.22 :-(
Thor - If I was not so lazy, I would walk the few feet to where my receipt is to get the exact amount, but I filled up this afternoon and was at 64....oh hell, I will get the reciept.
ReplyDelete64.77, I cried while watching the dollar amount spin away, but the girl at the convience store did come out and comment on my car, so there was a little ego boost there.
Mutt