ChessnWine was as cool as a cucumber during last week’s decline, further proof that he is worthwhile of your attention and investment in his premium products. Apparently, the economy is doing better than expected. As such, stocks are ripping to the upside. Only thanks to my stubbornness to self inflict financial wounds am I benefitting from today’s gorilla run. Had I listened to my urinal shadows, I wouldn’t be +1.6% right now.
Nevertheless, it appears the somber days of last week have ended. Once again, the Cocaine Gorilla Raping Train to Hedonism is running at full speed, fucking everyone in its way!
As for me, I have several meetings today, pertaining to matters of compliance. I intend to hold everything and enjoy the fruits of my lamenting, vis a vie higher equity prices.
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Is this where you say that you will slaughter the bears!
This was in the charts. not much of a surprise to me I posted I bought long on Friday before the close. We never came close to breaking the up trend channel in the S&P.
QE 4? Hey Fly I won’t promote The V.Kingdom today but please check out my last blog…It’s a doozy!
We’re going on a bear hunt….
Keep an eye on MGI. ALWAYS look at your weekly chart, its your best friend
I’m ready. Closed my shorts and VXX on the 26th, went long metals and yelp on the 27th. The market provided the bears an opportunity last week, and like derelicts, they let it pass by. Back to slapping those losers with hot slices of pizza in the face.
Watch GWW 211 could see 220 very soon, looks like a breakout. However we need more volume
GWW if it gets to 220 sell it. that’s a weekly double top
Just broke 10,000 for the day. Its a sweet Oct start
Going back to watching “Breaking Bad” on NFLX. I am HOOKED on this show. Best damn series I have ever seen. Just can’t watch it around the kids
Agreed. I just finished season 4 on NFLX the other day… now I don’t know what to do with myself besides go back and start season 1 again! 😀
Is season 5 out yet? I heard they are breaking it up through out the year or so
Itunes.
Some dumb Bitch down graded BIDU. its a great time to pick some up
Yes, I would be much less inclined to trust judgements made during the harvest cycle of the moon.
What nobody wants to short UVXY with me? lol
The reason for the strange behavior of everyone over the last weekend was the harvest moon. Full moon is an event where more crimes are committed, more hospital patients are brought in, and people are generally more hostile. Harvest moon has too low of sample size to draw anything conclusive and any effects could perhaps just be seasonal, but if the effects of a full moon is because the luminescence of moonlight creates a “lunatic” effect on the psyche, then a Harvest moon, being the point in which the elliptical orbit is closest, perhaps it creates “even more” insanity. Perhaps reason October is volatile month is effect of this… Or perhaps it’s a coincidence caused by something unrelated. But the harvest moon.
October is the month when everyone needs to relax, but nobody does, courtesy of the harvest moon
http://i.imgur.com/bsKoF.png
sick, lol
I’m starting to believe that shit.
trading and the moon cycle has been studied extensively as well.
“Are Investors Moonstruck? Lunar Phases and Stock Market Returns” (http://webuser.bus.umich.edu/).
conclusion
“We find strong global evidence that stock returns are lower on days around a full moon than on days around a new moon. Constructing a lunar trading strategy, we find that the magnitude of this return difference is roughly 4.2 percent per annum.”
“then a Harvest moon, being the point in which the elliptical orbit is closest,”
Hmmm, nope. Not sure where you picked that up from. Back in May of this year, the moon was at it’s closest point. The Harvest moon is just the moon closest to the Autumnal Equinox. Sorry for the annoying “fact injection.”
This from May:
http://news.nationalgeographic.com/news/2012/05/120503-supermoon-saturday-closest-earth-tides-disasters-space-science/
Agreed!
That moon was bright this weekend.
it’s funny how everyone says “oh no, the dollar is fiat”…
oh, you mean like every other currency? and yet the dollar has world reserve currency status unlike all other currencies. It is ugly, but not as ugly as the euro or the yen
Everything is fiat, even gold. The best fiat is a ferrari.
Sold my YELP; looking to shorten my list of longs.
UGAZ the past week…triple CH4…triple the BOOM!
Last October was a good month for longs.
Tempe Az ISM was a huge beat, but Markit PMI for USA and the world was just a hint to the upside over the Europe Vacation August. No great global anything imho. Please Wake me up when SPX 1100 is hit.
new rule: 50% of trades must be chess recommendations
Program note: No meat at Panera is worth eating. Nothing wrong with a good sandwich, but get it at an Italian or Jewish deli instead.
Regards
please remove the rolling ticker atrocity from this lovely site.
Thank you
Well this morning was good…