Despite what the indices and the dicksuckers on CNBC tell you, the real market is near or at 3 month lows. I have proof.
Inside of The PPT, I set up custom indexes that represent the market. I will post the 3 month charts for you to bear witness to the carnage that has befallen the market in recent weeks. Oh how I long for the days when AAPL would go +10 and the Dow refreshed my somber demeanor with a +40.
Commodity stocks
Raw Commodities
Tech
GARP (Growth at Reasonable Price)–totally unreasonable.
Financials
Foreign Stocks
Social Networkers
This is a work of art, sweet molasses on top of hominy for the ears. Enjoy.
NOTE: Mandatory weekend viewing.
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One of a kind
http://www.youtube.com/watch?v=NpsvBvwRuf0&ob=av3e
RIP MCA
@Fly, ever listen to Ludovico Einaudi?
probably.
Le Fly is to CNBC as MCA was to Vanilla Ice.
May winshipping ways return to form soon.
+10 analogy. Bravo.
Can you believe they took analogies off of the SAT test?
By the time Boo Boo takes the exam, the only critical thinking involved will be choosing which color crayon to use.
Taking analogies off the SAT test is like taking _______ off of _______.
…is like taking Maggie Smith off of Downton Abbey.
…is like taking Jose Conseco off of steroids.
…is like taking O.D.B. off of WTC.
…is like taking The Tabbed Bloggers off of iBC.
…is like taking Dick Fuld off of Hell’s waiting list.
…is like taking investment advice off of wee cramer.
Given the way things are going, one day the SAT/ACT will be one mad libs page where there are no wrong answers, and it is done on your facebook page over lunch. Everyone wins, gets a scholarship and cute little badge for their wall.
Re: extra virgin olive oil- Have you read/ heard about Tom Mueller’s book, ‘Extra Virginity: The Sublime and Scandalous World of Olive Oil. Very interesting.
New site is tight except for Sir Spam a Lot. May i suggest he get scrotum punched every time he posts some hack ‘news’ and fails to garner a minimum of say, 50 views?
Sir Shithead,
Fuck Oil!!! $ERY 11.08…..9.33
Oil is heading lower.
get the feeling a “wave has crested” the game has changed and the music is barely playing. that french midget needs to win.
In these days of high debt -Federal,
personal and mortgage; in these days of RECORD corporate profits and cash; in these days of high unemployment and low interest rates; in these days of astronomical wealth and income disparity: Can somebody out there with a brain explain why this ISN’T the perfect policy?
A) Raise the min wage to $10
B) Cut the work week to 35 hours
c) Print money left and right (Fed)
D) Tax the living shit out of the wealthy
(my plan-110% tax on ALL income above $250K)
Yes, indeud.
A) An increased min wage, discourages hiring. The higher, the more…If some clown wants to work for me, I ask – what do you know? They say ‘nothing’.
So I have to train them before they generate a penny of income. They aren’t worth $10/hr until hey are trained.
Better idea: Have the gov. supplement the trainee’s pay. I pay them $1 or $2/hr during training, the gov. pays them $9 or $8 for hrs worked. People get trained, work gets done.
B) Businesses must be free to do what makes sense for them; not some crap mandated by some no knothing.
c) That’s what they are doing & will do but it’s never worked – Never. It’s always led to disaster.
d) Rather – level the playing field. Risk takers who win, deserve wealth.
Everything you’ve got is rigged.
Rigged. That’s the only game liberals choose to play. Straight up competition is avoided at all costs and immediately labeled racist or extremist.
Haven’t you ever heard of the time that Henry Ford decided to pay his workers a good wage so that they could afford to buy his cars? Same principles apply here. Your objection to this idea is not born out by empirical evidence around the world, or in our country. We have had 12 years of economic stagnation–not a single job created except by Greenspan’s bubble-nomics housing debacle and the massive deficit spending of the Bush (and now Obama) years. Why? Because aggregate demand is weak. Americans borrow because they can’t afford 1) health care 2) education.
The myth of the level playing field is just that a myth. It just amounts to the predatory climate of the 19th century that produced revolutions on the European Continent and Dickens’ world in England, then the equivalent of the US today.
A: If your business is REALLY a business, YOU pay $10 an hour to train and then USE them in your business. Don’t suck off we taxpayers.
B: We have 8% unemployed. Cutting the work week to 35 hours would reduce unemployment to near zero, taking people off the dole while creating much-needed demand.
C: Not only PRINT the money but use it to fund infrastructure.
D: If you don’t think my 110% tax on income above $250K would level the playing field, you don’t THINK. Period. Nobody needs more than $250K per annum to live.
As the Pilgrims learned so early in the settling of this country, incentive to work is a wonderful boon to the overall well being of communities both large and small. Remove incentive and personal initiative fails irrevocably.
Read your history books. Humans have been there done that and it has never and will never work. Repeating the complete and utter FAIL that is socialism would be mindless at best and catastrophic at worst.
Give people the tools to better themselves and they will do it. Those who have become apathetic to “making a living” soon become very determined or else move on to other countries where they perceive the pastures to be greener.
Pretty simple really. ….You do believe in Darwinism don’t you? Evolution? Survival of the fittest? We’re all descended from apes and shit?
Great plan if you have no skills and want to work less with more income and benefits. The problem is, all the $7-$9 hr jobs go away. except for working under the table. Everyone becomes a cheat when gov’t regulations are too oppressive.
What is it about you liberals? Ideas like yours prove why the left know NOTHING about economics.
Why not raise the minimum wage to $100/hr? Or $1000. That would be sweet. The absolute best idea would be to get rid of the minimum wage. If your labor or skills are worth more than $10/hr, you will be paid more. Minimum wage goes up, less people will be hired. Minimum wage goes down, more people will be hired. High wages come from high production. The more you produce, the more you will be paid. Companies compete for skilled laborers.
All of your other points can be ripped to shreds too, but you know that and I’m too tired to give a shit.
You need to take an economics class.
Why don’t we eliminate wages all together. Using your logic that would reduce unemployment to 0%. Oh wait we did try that before, but back then it was called slavery.
No Dean, you need to take an economics history class. In the economics classes I took, it was what you’re espousing that made no sense.
Po Pimp and Spooky,
Clearly neither one of you have never been responsible for a profit and loss statement or making payroll.
Let me guess: You both are probably government employees?
Your stupidity is amazing.
Fundamental lesson. Government does not create wealth. Government consumes and destroys the wealth of its people.
thats a beautiful piece. enjoy the weekend.
Senor Fly great job on the updated look of the IBC empire. the brain already gets it. smooth transition.
Unfortunately, my account concurs.
WTF happened to raw commodities in mid-late February?
Missed that move.
I believe the UNG reverse split happened about that time.
“All human wisdom is contained in these two words–“Wait and Hope.”
Outstanding selection for this Friday night – who’s the violinist?
LOL, reminds me of a time when I was dating this chick who came from a, shall we say, auburned neck background.
Her niece asked her father if she could “go to the truck and get her violin”, you see the father had married well but was now divorced. The father’s reply was, in a very stern voice, “What did you say?”, and she replied in the same manner as she did the first time. Father gets upset and says “only doctors and lawyers call it a violin, we call it a fiddle”.
I was filled with rage and could barely keep down the “ma’s famous marsh mellow salad” she had prepared for the family gathering.
Unbelievable!
Maybe this is a question for Sir Jake of Gint but I have been ruminating on the supposition that central banks are increasing their gold bullion holdings. Does anyone know if figures regarding such activity are published anywhere and do all countries report such things?
I know I tend to be a doom and gloom kind of guy.
I have also said that the Fed and friends would prop prop prop it up.
Perhaps senor Fly’s PPT charts reflect that “they” are out of secret prop-up tools?
That means that they will now go to the secret weapons.
This scenario does not end well.
I do have a few serious questions for you geniuses:
Why would the D H S need 450 million rounds of hollow-point .40 cal waterproof ammo? (hollow-point ammo is not allowed under the Geneva Conventions)
(I have been told that hollow-point ammo has one primary use-killing and/or inflicting massive internal trauma)
In active battle operations in Iraq, ammunition is expended at the rate of 5.5 million rounds per month.
D H S’s charter is to protect the U.S.
Why have they been buying a ton of custom, bullet-proof mobile toll booths?
Why has the National Guard units around the country been supplied with 200+ page manuals for instructions on handing “civilian detainees?”
Why have military bases around the U.S. been creating detention centers within the base perimeters themselves?
Just curious as to what they are preparing for here on the mainland.
Is this legit Whaler or are you reading too much into things? Sounds a bit too Horatio for me…
People have been predicting these kinds of horrors for quite a long time now, wihtout anything like them occurring. If one likes to feel scared, there are plenty of videos on the Internet with scary stories that the creators of them claim are true. Why not just watch the movie Texas Chainsaw Massacre though?
Oh, or you can watch Fly’s Devil Dog movie that he recently posted.
I prefer to feel peaceful rather than terrified myself, unless there is a real live current danger that I feel I can do something about. But each to their own.
Too easy–the global world government is poised to begin. Finally, the marxists and communists and socialists are joining together under the banner of George Soros and their Trojan Horse, 0bama, to suspend the constitution and suspend civil liberties. It appears that the plan set in motion by the Illuminati so many years ago.
Lock and load, America–the end times has begun
Yes, tis Whaler31, the original.
This article says Massive hyperinflation, dollar collapse, Russia to introduce gold-backed world exchange currency. You know how pissed China must be, holding all those worthless bonds.
So, an economic collapse, and massive civil war, this year? They have been talking about the drones taking people out in the U.S. on C-SPAN this week. Seemed pretty serious to me.
Europe bailout didn’t work, neither did ours.
I’m afraid that most Americans just keep their heads down.
This is scary, and it’s totally unavoidable.
The question is, who will win, what will people do when they see people getting slaughtered?
ttp://www.beaconequity.com/we-are-preparing-for-massive-civil-war-says-dhs-informant-2012-05-03/#ixzz1tsOzH4tU
A taste of what is coming soon to a country near you.
http://www.youtube.com/watch?v=EPcWHBPYOSU
Get involved people.
Interesting. Truly one picture of a sector or a GARP price chart can be worth a thousand words, as the saying goes.
The indices and the average stock seem to trade quite differently very often. One web site I know of calls the indexes “fraudexes” for that reason– because they often give a false impression.
I can’t believe you made such a brilliant market-related post and now the discussion has degenerated into politics, which never leads to any place constructive. Everyone thinks they know everything about politics and that everyone else is a total idiot about it.
In reference to your previous post, Fly, it may not be the red meat that causes the heart disease and cancer, but the sugar.
http://www.cbsnews.com/video/watch/?id=7403942n
Also,there is a possibility that dry cleaning chemicals may be toxic and make you sick. 100% cotton is best but hard to find nowadays. And of course many types of dress clothes are just never made of cotton.
Frog,
It is about money, because the effect will be on the markets and the dollar, and commodities and metals, oil..you name it!.
I wouldn’t call it politics, either. I was asking questions about factual and recent data.
I’d call it reality-soon-to-be, that nobody wants to talk about. Sadly.
Whaler, I wasn’t singling out any one person. But political “discussions” on message boards never result in anything constructive. I have made political posts myself in the past before I realized this.
Perhaps it is sad that people can not have actual respectful discussions on these matters.
Yes, politics has relationships to the economy and to the markets. But that does not change what I just said above. There is only one result that comes from politically related posts: People get pissed off at each other. If you pay attention to what happens after a political post, you will see that this is true darn near 100% of the time.
The only way to make some impact politically is to work together with like-minded people toward commmon goals. Posting and arguing about politics on the Internet just drains a person’s life force out of them, in pointless arguments.
Perhaps politics is like most other areas of life. If you work toward what you want, you may get it. If you waste your time talking about it– especially to folks who do not want what you want– you will retreat further and further away from your goals/desires
Mr. Frog, I salute you for the concise and disciplined posting. It is my unsolicited opinion your post would be an appropriate opening segue for this blog. Of course the tailored texture of your word flow misses the regurgitative flavor of the standard fare.
Why thank you, Ruggyup. I appreciate the compliment.
An intelligent discourse regarding politics and government should be mandatory for all US citizens. Our failure to be engaged in the political process is exactly what has brought us to the point of our houses of congress being run by lobbyists and big business/banks. (I humbly refer you to the piece about the financial activities of Massachusetts senator John Kerry, a man whose time in office is truly overextended)
We must as citizens of the USA become more “hands on” in political affairs or the only business and economy left will be that of the government. Private, for profit enterprise cannot withstand another decade or two of the current level of government meddling as it stands today. Remaining on the sidelines is not an option if we hope to have anything resembling freedom of business activity left to give to our children. It is time for the average US citizen to go big or go home and wait for the end.
What I am surprised about is that some really think that BoE will give us more stimulus at their rate meeting next week. BTW, did anyone catch how China is doing a reverse repo to avoid imho cutting rates or RRR..I just simply laugh when people talk about interest rate cuts out of China this year.
was searchin cruises, got to this site crusies to go. inserted dates, came back w/ different dates.. so i emailed them to tell them what happened. the ceo emailed me back! maybe this is a co. is the kind we should invest in.(not a promo for this co. )just won my respect.