UPDATE: Never mind. Tropical Storm Bertha is a fucking fish storm.
Better luck next time.
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I blame the sudden appearance of the Big Bertha storm and the recent market fiasco on Woodcheddars’s decision to retire. Note the projected track of Bertha on the map below. The Woodshedder Top, again.
http://www.palmbeachpost.com/storm/content/storm/2008/atlantic/bertha/path.html
Just kidding, Woody.
Boca, sorry, but that AccuWeather forecast track is a load of rubbish. I wouldn’t rely on it. All they did was extrapolate the official NWS track out an extra few days until they got near the US and connected some dots. That is not good forecasting. That forecast track is historically unusual, perhaps even unheard of in the month of July… Bertha will do pretty much anything BUT that nice smooth track, with the current odds favoring it heading out to sea. Their “cone of uncertainty” doesn’t even give it a chance of recurving. Sorry for the rant, I’m just not that big a fan of AccuWeather. They tend to blow things out of proportion predicting landfalls 8 days out with a 1300 mile spread on the various computer models. Crap. This is the kind of fear mongering that causes people to freak out and the market to overreact…
Btw, Boca you should be safe in Florida on this one…
http://bp3.blogger.com/_LsWQWmRqnWY/SGxMf-j69iI/AAAAAAAAESQ/zw-SZMrXpD4/s1600-h/indu.png
I think the test illustrated above fails, and we drip drip lower.
Also, anyone see PMI? Down 66% AH.
Thanks Veritas, just so you know I was only teasing Woodshedder with that chart, because it’s aimed directly at his general area of the country. You’re right of course it’s misleading and not very accurate. Cheers.
http://bp2.blogger.com/_0jshcRmzyKA/SHAtl5RZChI/AAAAAAAAKDE/_-f4StPO5y0/s1600-h/ScreenHunter_5598.jpg
SPY setting up triple bottom breakdown?
Well Boca, I’ll put up another post then!
I’ve been through Hugo, numerous ones after that that I can’t remember because they were no big deal, and then Isabelle, up here in Va, which put a tree on my roof. I don’t want anymore!
Woody:
Great to hear from you.
How was the violin tour of Northern England? 😉
You guys got no game.
“Central banks are paid to cause a recession now and then,” said Fortis Investments Chief Investment Officer William De Vijlder. “Maybe it’s a shock to put it like that, but that’s reality.”
http://www.bloomberg.com/apps/news?pid=20601109&sid=aKsb7ZbuHM00&refer=exclusive
They say a single butterfly flapping it’s wings in china can build momentum and cause a hurricane on the otherside of the world…
I say we kill all butterflies before they take over the wolrd, with their egregious wind manipulation.
DEATH TO BUTTERFLYS!!!
frankly, i’m all for hurricanes and oil/gas disruptions, since it makes the trade very simple – long oil; short everything else. i’m perfectly happy keeping that trade on until the end of days. i hope the SPR springs a leak.
Fly,
Do you know if Einhorn is still short LEH or did he cover
KD —
Stick with MVIS, kid… you’re obviously easily confused.
_
No respectable Floridian takes any storm seriously until about two weeks before Labor Day. It’s only the Yankee tourists that get all excited.
TC:
Watched an amazing North South today on #2. Matt Savage from FSU took 40 holes to finish off USC Soph. Jamie Lovemark. It was as good as it gets.
From the South China Morning Post – This must be a sign the top is in for coal stocks – most companies can barely run the organizations that they’re supposted to be good at – could you see Mariott buying Cleveland Cliffs or Peabody how bout letter X buying hotels in Orlando because they’re busy????
Sun’s Group targets six mines in foray into coking coal sector
Sun’s Group, a listed hotel and property firm which is diversifying into coking coal business, is targeting up to six coking coal mines worth as much as 2.4 billion yuan (HK$2.73 …