Here’s a graph of the SPY, weekly. As you can see, we’ve been in a 9.5% range since last December. Because some of us are investors, this range stuff is for the birds. Rock’s investment accounts have done little.
I’ve looked at sector rotation, and can’t determine any trend. I see pundits on Bloomberg spouting off on value stocks, staples, energy, precious metals, oils, nearly every sector. I think they’re guessing, but try to convince us enough to give them our money and let them navigate the 9% range.
When I look at the weekly charts of my herds, within their range, it seems we’re stuck. My strategy last year was to look at trends, and after a trend change seemd to be taking place, then I play that trend. The problem is 9% isn’t enough range to be very successful. I was a little successful, but nothing compared to last year. So I’ve changed my strategy. Now I look for the weakest stocks, and the strongest stocks, and play them depending on whether there’s a pop open or a poop open. I get out every night. No more ANF unscheduled “we’re doing great” after hours conference calls will affect me (BTW, ANF is back where it was prior to that infamous Adam and Eve call). This has made my trading account very successful..
So one other thing I’ve been doing is study the closing/opening. Because overnight volumes are so low, I can’t fathom why the whole market moves 1% at open. My feeling is that there will be some manipulation going on at night, and the direction will be telegraphed to friends who make trades at the end of the day. I’vwe read a bunch of articles on this, but none have panned out.
So here’s some 3 minute charts of the end of the day, and the beginning of the next, to see if anyone can make any headway. I’ll continue the recording because a lot of these were taken over a low-volume holiday (US July 4th). For those of you looking at the tiny print, the start of the day is near the right-hand lower corner.
Thks Rock. So you're back to day trading huh? I for one hardly have enough time for managing my swing trading strategy..:(
ReplyDeleteNot that it matters THAT much to me, since I'm still virtually trading only.:p
Re your range: I believe we've got a more important line a little above the 1250 line. 1294 now is the line in the sand, to me. Do NOT break it SP500..
ReplyDeleteI'll try to take the time to share my monthly chart, where you can see a major up trendline currently stacking with 1294.
@WolfStreet:
ReplyDeleteFreat point. When I use the TDAmeritrade channel draqwing tool, it shows a (minor) uptrend. This tool uses price and volume to calculate the channel and centerline.
I thought about postinbg that, but instead drew my two parallel lines. I don't know why. I probably should have posted both.
Yes, I'm back to day trading. I think my dream girl Betty called it: tradihng by the headlines. The probelm is that most of the headlines you'd want to trade go off during the US night.
I don't have enough nerve to play it Dastro's way. When a stock drops 5% overnight, I don't have the nerve to stay in to see if it recovers or not. I saw the Bear's bear market, and I'll never forget that.
This keyboard sucks and the network here is so slow. Can't wait to get back on that plane. Back to an unfiltered, uncensored, uncastrated internet.
ReplyDeleteBTW, I'm flying next Wednesday, so I hope to be able to put a post together on Tuesday, for delayed broadcast (Boston won the ccup last night, BTW) (ha) but if not please excuse the delay.
@Rock: no time to read your whole comments yet, but here's for my take on long term SP500 (Monthly).
ReplyDeleteI find this is beautiful, in a way. :D
Yup, we're in total agreement. a 9.5% range, now sliding towards the top and maybe hitting it today. But it looks like on your chart we're at the bottom of the channel, so if we hit the top today, we might start leveling out to go back down.
ReplyDeleteOr we might break through and head to higher highs, but the headlines say no. Greece is bad. Spain now is bad. Italy is bad. Jobs are bad. China is bad.
If we're trading headlines, well, it looks like we might break down through the lower bound of the upchannel.
I forgot to say Ireland has joined Greece in the junkyard.
ReplyDeleteWouldn't it be a gas if the US became junkyard dogs as well?
Today wasn't a good day for Rock. The pop at the beginning then the trend started backwards but turned around for a stronger surge. This kind of chop makes trading unprofitable.
@WolfStreet:
ReplyDeleteWhoops, I misread your chart. Now I see the longterm double top at 1550, but it looks like we've got a clear lower low in 2009 at 666, and it looks like the trend's started to reverse, sticking around 1370 or so.
That would make a lower high, and a signal for the beginning of a dive lower than 666.
I doubt that will happen though. Added liquidity by HFT, the large amount of cash on the sidelines, and the plunger team and the ability to create derivatives with an unsupervised and unliomioted scope just wont let that happen. all things we didn't have in the 2002's
ROck - there's never a worthless post! Thank you buddy! I hope the packing and preparations to come home are going ok.
ReplyDeleteIt would be nice to break out to the up of 1330 today. Keep everything in no where land.
ReplyDeleteRock - There are a few stocks I keep on my radar and have been waiting for something to happen, but I had not notice the whole SPY was stuck in a 6 month range.
ReplyDeleteBut I have noticed the huge moves at the opening and if some one was lucky enuff to successfully place their bet the night before, they could be making some good money.
But how does one know which way it will open????
Unless they are a Big Boy they simply don't!
Mutt
Rock - I have done quite a bit of reading on HFT and feel I have a firm grasp of what it is and how it opperates.
ReplyDeleteAnd it all boils down to supperior technology that allows TPTB to partcipate in fraud and there is not even the smallest portion of my mind that believes HFTing and HFTers will be regulated, until they crash the market.
My question to you or anyone else is what will cause them to crash the market?
We can not have that level of manipulation to that extent without it eventually catching up to us.
Mutt
Wow, Almost a Big round trip.
ReplyDeleteHello from my new samsung spica. A
ReplyDeleteAnother confirmation for my motto :Apple, watch your back!
Meanwhile waiting for the fireworks in Versailles.eve of Bastille day;)
Afternoon all! Out of pocket most of the day but looks like a I missed an interesting day. Wow, SLV up huge today. I wonder if this has anything to do with that?
ReplyDeleteQE-4-Eva?
http://www.nytimes.com/2011/07/14/business/economy/fed-mulls-options-in-face-of-moderate-outlook-bernanke-says.html?_r=1&hp
wow - did Obama finally grow a set of balls?
ReplyDelete“I’ve reached my limit. This may bring my presidency down, but I will not yield on this.” | – Barack Obama at the conclusion of today’s debt limit talks, according to a report by Reuters
I doubt it, Thor. More theater.
ReplyDeleteThen there's this from Nate Silver. Ya think? They're "out of the mainstream" because their only constituency is the small sliver of rich and uber-rich in this country. Doesn't everyone know that by now?
ReplyDeleteJuly 13, 2011, 6:32 pm
G.O.P.’s No-Tax Stance Is Outside Political Mainstream
http://fivethirtyeight.blogs.nytimes.com/2011/07/13/house-republicans-no-tax-stance-far-outside-political-mainstream/?hp
Funny, I was reading that article earlier too!
ReplyDeleteAll just Kabuki Theater, nothing more, nothing less.
ReplyDeleteCaught it going up and caught a little going down.
@Todd,re up and down: congratz dude!(my understanding is you switched from long to short, in tune with yesterday move).
ReplyDeleteShows that day trading MAY pay sometimes. A hard sport though, hard on the nerves, and more often than not hard on the money overwhole :p
http://www.bloomberg.com/news/2011-07-14/taiwan-dollar-bonds-rise-as-fed-stance-may-spur-flows-to-asia.html
ReplyDeleteIs THAT the real goal..? obviously no. Good for Asia, but not sure how it helps the American economy.
@ICan:
ReplyDeleteWow! 9%! India's right up ther with China!
But China has more poor people, so the inflation hurts them more.
http://www.bloomberg.com/news/2011-07-14/india-inflation-accelerates-adding-to-pressure-for-higher-interest-rates.html
Did you see the US stopped military aide to Pakistan?
http://www.newstrackindia.com/newsdetails/230204
@Mutt:
ReplyDeleteOn HFT, I am in the camp that noone should be able to buy a trading advantage. I look at HFT the same way I look at GS manipulating the market (their words "creating a market") because of their size and reputation. In the case of HFT, just because a company has enough money to rent space from an exchange and be on the direct feed from that exchange virtually guarantees that company makes a profit.
You've never heard of an HFT organization going out of business.
The other thing I don't like is the secrecy kept by the exchanges regarding who and how much HFT is going on. I heard on Bloomberg that a trade cannot be traced or identified, but if you are on the exchange feed, every trade, offer to buy, offer to sell, is identified by a tracking number unique to each trading organization. So every time I trade through TDA, there's an identifier attached to the trade indicating it's come from TDA and not from some HFT. This is very valuable information and indicates new money entering the market, so an HFT can move the stock higher with false trades with itself, then sell to the TDA offer.
Nasdaq has started to offer some of this secret information to traders, but because of the delays, it is much less useful. For more information about this, see Velocity and Forces from NASDAQ at
https://data.nasdaq.com/
I subscribed and have been studying the information. The feed does not include the critical trade owner information, nor does it let me take the feed data directly without going through their UI, which I find insufficient to provide really adequate information breakdown.
But it's a start, and maybe with enough study, it may provide a leg up over other day traders who don't subscribe to the service.
I view this kind of product on a level playing field. HFT is not. It is only available to a select few, and NYSE and NASDAQ can pick the ones they want. Velocity and Forces is available to anyone with $5 per month.
@Thor:
ReplyDeleteThanks for the thoughts. In my hotel, a screen that takes 60 minutes on my work or cable feed, takes about 6 hours.
I can't wait for this to be over.
I found a restaurant called BK Whopper Bar. It is a Burger King that isn't fast food. You order it, and they make it to order. They dohn't warm up some meat cooked 15 minutes ago, it's fresh right off the belt. Ahd the burgers are *UNBELIEVABLE*. Yes, Yell. They're like a flame-broiled versioh of In N' Out. And, they server beer. I hope to find one in the Bay area. No doubt the best burger I've ever had in my life. And the beers are only $6 S$ ($4.80 U$D)
/
@WolfStreet:
ReplyDeleteThe Asian Economy bubble is forming. Here is "wealthy Singapore" the common people are complaining about Malaysians coming across from Johor Bahru and underbidding for the work. It's of course illegal to hire them, but wealthy don't care.
Sound familiar?
This is happening now all over Asia.
It's called Outsourcing. It starts with the service jobs, and moves up the education ladder to Electrical Engineers and Circuit Designers.
@Rock,6:49PM:"It's called Outsourcing. It starts with the service jobs, and moves up the education ladder to Electrical Engineers and Circuit Designers."
ReplyDeleteExactly what I've been thinking for a long time now. So much for globalization, and the theory that there will "always" be new higher skill jobs for balancing the losses in those nations which outsource everything else..
@WolfStreet
ReplyDeleteYep.
U said it better'n I ever could.
So the closest BK Whopper bar to me (after next Wednesday) will be Las Vegas.
ReplyDeleteThat sucks.
I think when I get back I'm gonna contact BK and try to buy a franchise to put one up on University Ave in Palo Alto. Those Stanford students would be lined up around the block for that one.
Whadda ya think, Thor? It beats Blake's hands down. And half-price, and cheap beers. Life doesn't get much better.
This is very funny. My wife and I have taken to dubbing thee apparent straight men "Minnesota Mysteries". Perhaps old Dr. Bachmann, who performs so-called "gay therapy" himself is one of those very mysteries? I mean, c'mon.
ReplyDeletehttp://www.huffingtonpost.com/2011/07/14/jon-stewart-marcus-bachmann-jerry-seinfeld_n_898051.html
Nice Pop this morning. Took another ride. Now for the grind. Looks like moves between 132 and 133 for the spy today and tomorrow. Max Out of money option value as of this morning was 133. 132 was a close second.
ReplyDelete@wolf.
I only go in one direction or another depending on the trend. Had time to try the afternoon yesterday. Couple of dimes going up and a nickle going down. Tight Windows. This morning the window lasted 10 minutes for me.
Not that there's anything wrong with that, of course, but being an extreme self-hating hypocrite is......
ReplyDeleteMannwich - I lost any interest in Michele Bachmann, last week when she said she wanted to make porno unconstitutional
ReplyDeleteBut to find out her husband is just as big an idiot as her is the icing on the cake.
Do these people not understand you can not and should not regulate human behavior.
They find porno and gays obscene, Ok that is their right, but how can they say it is wrong for everyone else too.
Oh well, I doubt she will make it very far in the primary....Of course I thought the same thing about Obumer.
Mangy Mutt
@Mutt: I guess old Dr.B "prayed away" his own gay. Yeah, sure. That's the ticket.
ReplyDeleteWe think this year has been a circus. Just wait until NEXT year. Wow.
There's endless fodder for comedians. Like their golden age. Never been a better time to tell jokes. So much material just landing right in their laps every hour.
ReplyDeleteMorning folks! Nothing interesting happening in the markets this morning I see.
ReplyDeleteManny - Hahahah, I always chuckle when I read those kinds of stories. And I can guarantee you this from people I know who have gone through, or have much experience with those kinds of "therapies", the vast majority of the people who run them and work in them are preaching the gospel while at the same time fucking around with the people who are sent there.
ReplyDeleteThere's no such thing as an ex gay, only self hating liars who care more about the acceptance of the bigots in their lives than being true to how god made them.
Wouldn't be at all surprised if Mr. Bachman is another closet case, they always are. Always, without exception. People secure in their own sexuality don't give a shit what other people do behind closed doors. The religious nonsense comes from the same people who used the bible to justify slavery, segregation, and in other countries, genocide.
We need to stop pandering to Religious Extremists in this country, thousands of Americans have died fighting these VERY SAME PEOPLE in other countries around the world. Extremism is extremism, whether it's coming from a Muslim OR a Christian.
sorry to rant, but those places have done incalculable damage to people in my community for years now and it needs to stop.
ReplyDeleteBingo, Thor. No apologies needed. I think you nailed it.
ReplyDeleteMcConnell and Reid "working" on a "hybrid" solution? "Extend & Pretend Part Duex"? Is that the "hybrid"? Tough to get real solutions to problems when one side is ideologically incapable of any compromise whatsoever. Like Bruce Bartlett recently said, Reagan couldn't get elected dog catcher in today's GOP.
ReplyDeletehttp://www.huffingtonpost.com/2011/07/14/reid-and-mcconnell-hybrid-plan_n_898278.html
Meanwhile, in MN, can-kicking light, as Governor Dayton caves. Yay, party on, MN!
ReplyDeletehttp://www.startribune.com/politics/blogs/125567238.html
Thor - And sadly it is the ones who preach the loudest about how "Sinful" sex is that tend to be the worst offenders.
ReplyDeleteI sometimes get a kick out of telling people I grew up on an Indian Reservation, because most people have a mis-conception of who Indians are.
Yes you can certainly see drunk Indians in town, but they are few and far between but the vast majority are honest decent salt of the earth people.
I think that most people have the same type of mis-conception when it comes to being gay, they think of a guy who likes to wear pink shoes and dress femine clothing and talks with a lisp - Yea sure you will always be able to find people like that, but they only represent a small portion of the gay population.
But it is people like Buttman...sorry Bechmann, who exploit the stereotype.
Mutt
@Mann
ReplyDeleteI heard it's getting harder to buy beer up in MN due to the shutdown.
Where is my BEER
BTW doing my week-long vacation / tour the inlaws up your way, Apple Valley, Chaska, Pierz next week. Going to the new Paul Bunyan land in Brainerd, the youngest is now old enough.
Buttman - hahahaha, I'm going to steal that :-)
ReplyDeleteManny, to be totally honest with you, I didn't think we'd be cutting it THIS close with the debt ceiling talks. I know, I know, I should have known better. Cantor seems to be the one holding everything up it seems.
LOL Todd. I saw that as well. Maybe THAT's the real reason for the recent apparent "compromise"? Can't deprive the Sheeple of their beer.
ReplyDelete@Todd: You'll be right in my neck of the woods! Hope you have a great time. I really LOVE this time of year here. It's going to be really hot by Saturday for 4-5 straight days but what's great is it never lasts much longer than that and we usually get a nice little break like today where it's cloudy, rainy and cool, barely 70. I like that we don't get long extended hot, humid days here.
ReplyDeletePedaled nearly 70 miles on the bike yesterday. Wife was laughing at me when she saw me go to bed by 9 p.m. It totally kicked my ass.
ReplyDeleteTodd - I like my beer the same way I like my violence.
ReplyDeleteDomestic.
Grooooaaannnnnnn!!!!
Ok that was a bad joke.
Mutt
yea, hot. Here in Texas it's 105 and will be above a hundred for the next 4 or 5 days. I'm looking forward to your cooler hot temperatures.
ReplyDeleteHopefully I'll be able to buy beer too.
Yikes Todd. I noticed that about Texas. You guys are getting murdered with hot (and humid, right?) temps this summer. Austin is over 100 ever day, it seems.
ReplyDeleteYou'll be fine as long as you don't try to buy Miller products.
By the way, isn't Eric Cantor short Treasuries? if this is true, I know this would be a blatant conflict of interest for him to be against increasing the debt ceiling, would it not?
ReplyDeleteWhy does he hate America so?
Obama and the Dems should really take heed of these polls, although the only polls they maybe care about are the unoffiial ones done with their big-monied campaign backers.
ReplyDeletehttp://www.huffingtonpost.com/2011/07/14/poll-public-gop-republicans-blame_n_898516.html
FBI reportedly investigating ole Rupert?
ReplyDeletehttp://www.huffingtonpost.com/2011/07/14/fbi-news-corp-investigation_n_898653.html
Manny - I'd have thought Rupert would have been immune to any government investigations, he owns most of DC doesn't he?
ReplyDelete@Thor: Oh, I'm sure this is all just part of the grand show in DC and NYC by the elites. More Kabuki theater. Just enjoy it. You know that nothing will ever get back to Rupert if he was smart about it, and I'll bet he was.
ReplyDeleteThe U.S. is one giant reality show now. No need to watch TV programs when the entertainment is playing oout in front of us every day.
My thoughts on a company like GOOG or a Facebook: Their revenue is totally based on the advertising dollar. The advertising dollar follows the crowd.
ReplyDeleteWhich is why GOOG is desperately tryiing to diversify. But their search and click-through is still there biggest money-maker.
I'd sure like to figure out where the advertising dollar is going next. Social media is fine, but when people start to realize how isolated they are (like you can't ask your facebook buddy over for the afternoon to have a beer and help you paint the hall), the "social media" crowd just might dissipate.
Where to next? GOOG hit the cover off the ball, all with ad dollars.
Rock - I think the social media thing is here to stay. I'm not a huge user of facebook but I have found it indispensable for staying in touch with relatives and friends all over the world. I would never give that up unless a better tool to do so came along. I think it's harder for older folks (no offense) to understand it's real pull on younger folks, but a good thing to look at as an example of just how MUCH the younger people are from those over 40 is to look at how much time they spend talking on the phone vs how much time they text. I personally spend no more than 5 minutes a day on the phone, the rest of my communication is all through text or on Facebook.
ReplyDeleteAs for advertising, I think there will always be advertising. I was working in the industry during most of the 90's and early 00's and can tell you that there was a real panic when the internet really took off, then came google. In the future, I think most advertising will move to mobile devices. This is the old print advertising though, keep in mind that PRINT advertising is not the biggest money maker for the AD agencies, TV and Radio spots are much bigger and those are still doing fine, think about the massive number of Satellite TV stations out there. Lots and lots of areas for big companies to advertising in on TV.
Medicare Shortfall Over Next 75 Years Is Only One-Fourth Cost Of Wars In Afghanistan And Iraq | Center for Economic and Policy Research co-director Dean Baker added some perspective to the debates over Medicare costs today. Writing on his Beat The Press blog, he noted that the projected shortfall for the Medicare program “over the program’s 75-year planning horizon is less than 0.4 percent of GDP. This is less than one quarter of the cost of the wars in Iraq and Afghanistan.”
ReplyDeleteIs it just me or is the Tea Party kinda shooting itself in the foot right now?
ReplyDeleteHeck no, I am waiting for the Tea Party to come out with the Palin/Bachman ticket.
ReplyDeleteCan you imagine were we would be after 4 years of THAT!!!!
Mutt
The Singapore Bubble may be pooping.
ReplyDeleteGDP here grew 0.5% in Q2, and Q1 was 7.8% lower that last year's Q1.
A friend of mine just rented a 4BR 5 Bath Bungalow (houses here are called "bungalowes")for less than I rented my 3BR 4 bath flat. And she got a private pool and spa.
They are building a 4-floor condo building across the street from my old place. It's almost done. They put up a sign a couple weeks ago that said "Fully sold.....Praise be to God!"
I forgot to say the reasons given for lower GDP is Pharma manufacturing and chip production are down.
ReplyDeleteThey must make a lotta drugs and chips here.
A good read is a post by
ReplyDeleteanalyst_bomber
Who has a post on how we "beat" consensus. He has added a parameter to observe the "beats" by an EPS adjustment of >1% compared to last year same quarter.
Market's not doing so good. Press is great, of course, because we're "beating Consensus". This is some great analysis data.
http://ibankcoin.com/analyst_bomber/2011/07/04/cazenove-fail/
And one more article I'm glad I didn't read until after I made a lot of money:
ReplyDeletehttp://www.scribd.com/doc/59242765/110524-trend
The math is Rock-solid, and is clear that when there are short (in trend-time) reversals, the trend-followers lose money.
Now I completely understand why I had to change my trading style to make money. I went on gut-feel and observation, but these guys are smart.
@Rock,
ReplyDeleteThanks for your input.
Summers are busy for me.
Re, the market - Waiting for liquidity injection for now. Earnings? I don't know.
ICan
Rotation back into the U.S.
ReplyDeleteAUD/JPY, AUD/USD, EUR/JPY, EUR/USD - RED.
CAD/JPY, CAD/USD, USD/JPY, DXY - Green.
So market is up on just Google and Citi earnings.
ICan
If earnings season disappoints - wacth BB at Jackson hole.
ReplyDeleteWatching Crude, Copper, Silver and Gold.
ICan
@Rock,
ReplyDeleteSODA, another LULU!
ICan
@ICan
ReplyDeleteThanks for the headsup on SODA. If I see a pullback, I agree with you and could start a position. Right now I'm kind of riding this pop.
Morning all - our office is closed today (and Monday) for Carmageddon, believe it or not!
ReplyDeleteMaybe this debt ceiling this our "Black Swan", meaning most people don't think that we'd be stupid enough not raise it? The radical nihilists and narcissists are firmly in control of the GOP now.
ReplyDeletehttp://www.ritholtz.com/blog/2011/07/qotd-us-financial-mistakes/#comments
Can-kicking lite in MN. Go Gopher state!
ReplyDeletehttp://www.huffingtonpost.com/2011/07/14/minnesota-shutdown-updates_n_899437.html
But at least we can all get our beer again.
BAC = 9.94. Kicking myself for not shorting that one at around 11.
ReplyDeleteManny - there's still a big part of me that thinks they'll raise it, it seems like the GOP has finally figured out that this is going to cost them in 2012 now and are trying to salvage what's left of their reputation. McConnel, Ryan, and Cantor are the three stooges! How ironic is it that The Weeper of The House is looking like the only grown-up?
ReplyDeleteThor - You are assuming they had a reputation worth salvaging, unless of course you are talking about their crapy reputation.
ReplyDeleteThen yes that will definetly be salvaged.
And do you seriously think there is a chance they actually will not raise the debt ceiling.
They have no choice, they will raise it, what's going on now is just a lot of posturing and arm waving and idiots saying "LOOK AT MEEEEEEEE!!!!"
Then when it is all done Bachmann will have a meeting and they will pray away the debt....
Mutt
Mutt - Hahahahahahahaha! Mr. Bachman is a total fag.
ReplyDeletehttp://www.youtube.com/watch?v=D8oyA5JV7kA
http://www.slate.com/id/2299300/
Wouldn't it be wonderful if this brought her down?
@Rock,re my chart,July13th 10:56AM:"Now I see the longterm double top at 1550, but it looks like we've got a clear lower low in 2009 at 666, and it looks like the trend's started to reverse, sticking around 1370 or so."
ReplyDeleteI see your point, if you take the lines that way. However, my favorite feature on this chart is how current uptrend channel since March2009 is eerily reminiscent of that of Sept98 - Sept2000.
A positive contrarian stuff, to me, is the RSI (also on the Monthly chart): note how it has been in tune with the price uptrend since March09 bottom, while back in the other period 98-00 the RSI was actually DIVERGING.
Just my 2 cents, as always:)
Rupert Murdoch(owner of Fox News, WSJ, Dow Jones etc) drama continues.
ReplyDeleteScandal exposed by the Gaurdian.
Links from the Guardian:
UK Police arrests woman, 43 in hacking scandal.
Rebekah Brooks, it is. On suspicion of conspiring to intercept communication and suspicion of corruption.
"Scotland Yard's finest called to account over 'culture of collusion' with the press".
FBI in the U.S. has opened investigation into allegations of phone hackings of 9/11 victims!
One WSJ senior employee resigned on Friday(although nothing has been alleged).
ICan
Rupert Murdoch's cozy relationship with U.K. Cons. govt and Police exposed!
ReplyDeleteI thought this kind of thing happened only in poor countries where politicians were able to buy both the police and the media.
NO?
ICan
@ican:i guess all democracies have their share of untold rule and initiatives.
ReplyDeleteFrom the Globe and Mail:
ReplyDeleteOn Brooks(Murdoch UK CEO) and David Cameron(UK Prime Minister:
"Prime Minister David Cameron, a friend and neighbour of Ms. Brooks, who has met her many times and invited her to stay at his OFFICIAL country retreat". Emphasis mine.
http://www.theglobeandmail.com/news/world/europe/rebekah-brooks-lates-arrest-in-hacking-scandal-uk-media-report/article2099974/
I wonder what 'they' are saying at FOX NEWS!
ICan
"Scotland Yard Chief Quits Over Hacking in Britain" - NYTimes.com
ReplyDelete"Sir Paul Sephenson resigned on Sunday just hours after his officers arrested Rebekah Brooks".
ICan
morning all . . . .
ReplyDeleteGood take-down of Merkel by Kohl
ReplyDeletehttp://www.nakedcapitalism.com/2011/07/kohl-angela-is-destroying-my-europe.html
A long, slow slide back to the '70s in more ways than one?
ReplyDeletehttp://www.nytimes.com/2011/07/19/us/19graffiti.html?_r=1&hp
Mannwich – When we first moved here the only graffiti I saw was right after school got out for the summer some kid had spray painted “Fock Schools” (Which brought about a hearty laugh) on the back of a building. However today I see a huge increase in the amount of graffiti that is going up.
ReplyDeleteI think a large part of the problem is there have been huge cut backs in the amount of social programs that keep kids busy so they are finding things to do to occupy themselves.
Also many of the law enforcement agencies are only prosecuting major crimes, I kid you not one of the police agency in this area actually came out and said they would no longer be arresting people for misdemeanors. So what kind of message does that send to the bad guys?
The lack of social programs and lack of good law enforcement leading to some embolden criminals, the more embolden they become the more they will try and get away with. I hope it doesn’t happen, but I can see the larger cities like Chicago and New York having some pretty nasty crime waves, especially if the weather stays hot.
And then graffiti will be the least of most peoples worries.
Mangy Mutt
"Microsoft has received five times more income from Android than from Windows Phone
ReplyDeleteMicrosoft gets $5 for every HTC phone running Android, according to Citi analyst Walter Pritchard, who released a big report on Microsoft this morning."
http://www.asymco.com/2011/05/27/microsoft-has-received-five-times-more-income-from-android-than-from-windows-phone/
That's a good one! made my day. Bye bye old Microsoft dinosaur. You've done a good job nevertheless.
Ah and BTW, tell Steve to cut down on the suing against HTC. Are the guys at Apple trying to kill innovation ?
ReplyDeleteThat kind of moves may strike back in the middle term: all the makers are inventing cool new features for Android, which Apple had better not try to "copy" for their iPhones, given their rigidity on so called "patents".
grr..
Michael Hudson ON POINT. Again. The strip mining of the global sheeple by the global elites continues. When (and how) will it end?
ReplyDeletehttp://michael-hudson.com/2011/07/the-euthanasia-of-industry/