The drama queens in Washington may all have flown home for the weekend, but there is no doubt in my mind they're spending most of it rehearsing lines and picking out wardrobes for next week's photo op/soundbite. It must feel fantastic to be a legend in one's own mind.
Whatever. Just make sure the market rallies next week.
I can't imagine I could ever feel more disdain for the lot of them than I do now. Yet somehow....
ReplyDeleteThey can't even agree to raise taxes only on those earning >1m a year? They would rather risk another recession, which would in fact ultimately inflict greater pain on the top 1%, as the prices of the assets that make up their net worth plummet in value. These guys really are from Mars.
DeleteYep, and the dems, and previous reps., have/had no problem borrowing 40% of their budget.
DeleteCurrent Reps too. That debt ceiling is the majority's to own. THEY approved the spending.
DeleteThis breaks down to rich mother F'ers against working stiffs.
I'm all for letting it go until the historical solution kicks in, which is we KILL the rich mother F'ers and start over. That's the cycle.
I understand your point. And appreciate the fact that at least on this blog, I don't have to wade through a weekend of gun control comments afterwards.
DeleteThey have to play us all first, it's their process of making the most of a crisis.
DeleteIt would be helpful though if they wore some kind of identifying attire, something that presents challenge like trying to determine a Lapplander's tribe and home turf by deciphering the embroidery on his tunic.
DeleteSince April Fool's 2010:
ReplyDeleteDOW - Up over 20%
Gold - Up 47.0%
Silver - Up 67.2%
Copper - Down 1.4%
Why April 1, 2010?
DeleteA lose association with the end of the Mayan Calendar.
DeleteImagine a man holding a big rock, and saying to another guy "I ran out of room." and the other guy says, "That will freak someone out one day."
There was also a prediction on this day (4/1/10) which surmised the DOW would reach 12,901 before the Mayan calendar ended.
DeleteLet's all vote to determine who our favorite Oompa is....
ReplyDeleteSomething wrong with the American political system where it seems like the fringe elements control the agenda and the central majority gets ignored.
ReplyDeleteTOF- Do you remember the MITK article where one of their channel partners said MITK finally go realistic about RDC pricing?
ReplyDeleteWhat I don't get is why the republicans did not agree to Boehner's Plan B of raising taxes on those making more than $400K, probably being fully aware that as a result taxes will go up for EVERYONE? Or am I getting it wrong and the automatic tax increases on Jan 1 for those making more than $400K are smaller than those that were proposed in Plan B?
ReplyDeleteI think your first statement is correct, David> taxes will go up for households with incomes >400k by the same amount, Plan B or not.
ReplyDeleteWhat's probably happening here is some variation of the strategy we all learned in grade school. If House Republicans don't get what they want, they're going to make sure the entire country suffers for it, which may put enough pressure on Obama to give them what they want.
House Repugnants, that is.
DeleteProblem the Republicans have is it is best for the party to keep taxes down for everyone under $400K - they are going to be blamed if they go up for everyone. But for the individual party member, that is not the case - they want to be able to go campaign on the next election saying how they didn't vote to raise taxes.
DeleteNeed some strong leadership to get in there and get things going, but that never seems to happen anymore.
http://news.yahoo.com/blogs/ticket/mitt-romney-no-desire-president-tagg-says-191236665--election.html
ReplyDeleteIf I'd known that, I could have placed an all-or-none bet on Obama last fall.
Sometimes its best to just quietly fade away. Jr isn't doing Dad any favors here.
DeleteSorta like the NRA, they would have been so much better off not saying anything.
That crowd is very disturbed, don't trust the thieves.
DeleteSo I started a trial subscription to Morningstar and MarketSmith to help me with my research on valuation. I see why these pro's look at so many charts a day.
ReplyDeleteI started off with the strong volume gainers screen on Stockcharts. I've found a lot of charts I like but most of the financials look like crap, at least with my untrained "valuation" eye. I see the W pattern tof talks about in several of these charts. Maybe that would be worth trying on some of the better looking charts without valuations.
I had all sorts of time to do this in my young single days.
So far the best fundamentals I have seen are for WGO and EGHT but then both of these seem to be way overpriced for the forward estimates. I must be missing something.
And so on that note, let's see what Tally Hall thinks of this subject:
ReplyDeletehttp://www.youtube.com/watch?v=TTP4hZRFsUo
GPL - Impressive volume spike on this one, 4.84x.
ReplyDeleteSold a little of my Scam penny stock at $0.065. Hard not to take profits after an almost 300% run.
ReplyDeleteMLNX - Okay, let's see if this thing can hang onto $59.92, today's open.
ReplyDeleteAUMN - Profit taking, is my guess.
(Actual price may vary.)
DeleteI should have just slept in this morning.
ReplyDeleteNice Sunday night football though...
Bock-bock mucka blucka! ;)
DeleteCan you translate that, it's early....
Deletehttp://www.youtube.com/watch?v=TTP4hZRFsUo
DeleteHmmmm. Well it was entertaining for Dart the Border Collie.
DeleteFor some reason it doesn't bother Poncho, in fact he seems to like when Chickie Bock-Bock hen does that to him.
DeleteHe loves his chicken dearly.
Dart likes anything that moves or makes animal noises including TV. She would love chicken too, in both forms.
DeleteHa, you should consider getting Dart a chicken, there probably are others but Poncho's the only dog I know who owns a chicken.
DeleteI used to have a drake that also owned a chicken, he insisted on climbing the ladder to sleep on the roost with her at night so I attached a piece of plywood next to where she roosted.
Full day today?
ReplyDelete1/2 day only
DeleteThanks. That's what I thought but couldn't find it.
DeleteWe'll have a 1/2 day at work too.
DeleteI couldn't find it either, so actually had to go back in time to Friday.
DeleteNSPH - Keeps bouncing off $2.83, doesn't it? Wonder if it moves on through next attempt or we're witnessing failure?
ReplyDeleteTOF says we go to 1500 then correct. This is the technical view. Someone mentioned Europe.
ReplyDeleteGermany looks good.
http://goldstocksforex.com/2012/12/24/stocks-outlook-for-2013/
either way overseas is the way to play it. the usa is dead for now IMO. its all about currencies now. its japans time to shine.
Deletejust look at the yen:
Deletehttp://stockcharts.com/h-sc/ui?s=$XJY&p=D&b=2&g=0&id=p25271710674
this reminds me of the coal charts before they dropped another 50%.
Good post.
DeleteOINK - WTF, a 20% swing today?
DeleteRBY - retesting the previous low?
ReplyDeleteNM getting beaten down to attractive prices
ReplyDeleteCP, what's that Gabelli gold symbol that pays around 6%? I want to look at the chart with gold suffering here.
ReplyDeleteGGN pays 11.2%, be a nice buy around 12
DeleteYep, that's the one. Why not get paid something while waiting, eh?
Deletekinda topped out with gold, would trade it with the price of gold and forget about the div longterm returns weak.
DeleteASA is one I have not looked at in years
DeleteI'm kinda burned out on PM's myself, trying to buy weakness is exhausting.
DeleteLook at the long term chart (2 yrs is good) of both. I wouldn't trade this with gold if I were you. They have no real correlation to one another.
DeleteI'm going to track this fund because it pays a decent div and has been declining for about a year. MAYBE it will also provide a good cap gain if gold goes higher. It is acting like a lot of other div payers these days, getting sold I suspect, in reaction to the fiscal cliff non-sense.
CC, I was comparing from SEP 12 till now visually which only shows the downside. I've watched this thing for 7 years but never bought once.
DeleteNotice it got crushed on NOV 14th & 15th along with most of the High yield stuff, it was like some fund was bailing out on as you say fiscal cliff non-sense.
AVALANCHE, for all you skiers out there, this is a fascinating recount of tradgey at Tunnel Creek.
ReplyDeletehttp://www.nytimes.com/projects/2012/snow-fall/#/?part=tunnel-creek
great graphics
DeleteEveryone should behold the Cascades at least once in their life.
DeleteI once buried a Maltese there, in the soil.
DeleteStevens Pass has been closed for a few days due to heavy snow toppling trees which have killed some people driving on Hwy 2. Beautiful but can be dangerous at times. The pass to the north, the North Cascades Highway is seasonal and is closed this time of year due to heavy snow.
DeleteBoth the Cascades and Olympics are awesome. Even a day trip to the Lodges at Paradise or Hurricane Ridge are incredible. Both offer cross country skiing and snow shoeing and fantastic scenery.
A great insight from Hussman this weekend:
ReplyDelete"Accordingly, it seems likely that the U.S. will briefly go over the “fiscal cliff,” which will automatically kick in a rash of spending cuts and across-the-board tax increases, which Congress will then likely reverse a few days later with an agreement to both cut spending and also reduce the then-higher taxes for various income groups. Frankly, we’ll be surprised if the GOP agrees to vote for tax hikes before year-end when they can wait a few days and get the identical result by voting for tax cuts in January."
I'm inclined to agree with this expectation, although it doesn't matter to us b/c the fiscal cliff is simply a load of BS as far as we're concerned, right?
Deletenew post
ReplyDelete