I am but a Caveman and eternally honoured[sic] to be King of the Peanut Gallery. But before I can go forward with my rule, I must pay tribute to some of the Cavemen who came before me and made it possible.
Captain Caveman who made it cool to be a caveman again:
Ringo Starr and Dennis Quaid in the 1981 Movie Caveman (here is a funny YouTube link)
Encino Man the much acclaimed 1992 classic film starring Brendan Fraser and Pauly Shore.
And finally, the Geico Cavemen who have done so much for my kind to dispell the unfair stereotypes as of late (picture from the original Geico commercial, here it is on YouTube):
And of course behind each great Caveman there is a Cavewoman so for the iBankCoin regulars, here are a couple great Cavewomen:
Smokin hot young Raquel Welch in the 1967 movie One Million Years B.C.:
Meriem from the comic book series Cavewomen who’s superpowers include super strength that is ”strong enough to rip a Velociraptor’s arm out of its socket:
… I look forward to serving as your esteemed King and hope I can share some interesting stuff and vice versa.
The month of the Lion is upon us, and alas, it is time to usher in a new KoPG. I believe Caveman Forecaster was leading the poles before the old site went down, and seeing that he is doing a bang up job on the PG, I think he should be the new King, a first time King at that.
-Click twice to zoom In-
-
Check out these previous Margin Clerk Adventures:
Fun with Faz II: http://www.ibankcoin.com/peanut_gallery/index.php/2009/04/30/fun-with-faz-ii/
Fun with Faz III: http://ibankcoin.com/king_of_the_pg/2009/06/08/fun-with-faz-iii/
-
Ominous warning for FAZ holders back when FAZ traded at $9: http://www.ibankcoin.com/peanut_gallery/index.php/2009/04/28/fun-with-faz/
-
“Get out of the road, if you wanna grow old” -Pink Floyd
-
- -
- - -
The VIX has closed between 27 and 33 for the last 27 trading sessions. As the market made new monthly lows, the VIX stayed within this range. The volatility is coiling around the 30 level, and the range has gotten narrower on the VIX over the last 3 weeks. I would look for a break from this range on the VIX for confirmation on a move either way. People are nervous right now, but not scared. Will this give way to fear, or complacency in the markets?
I read an interesting statistic this morning from the Sentiment Trader. Going back to 1940, there have been 14 instances of the market recording a new 3 month high within a couple of weeks of recording two 90% down days. We had 90% down days on 6/15 and 6/22 within close proximity to a new 3 month high. 100% of the time the market has traded higher 3 months later, using this scenario. The Sentiment Traders short term outlook is neutral. He also said the Golden Cross bears no statistical significance unless you go out 1 year. 74% of the time when the 200 day is declining when a Golden Cross occurs the market trades significantly higher one year later.
Look at that. We closed a fraction above the top component of the golden cross on a fed day. Holy shit! I have no idea what this means, except that I should immediately go get a fucking Slurpee because the heat index is fucking 125 degrees.
In other news, the USA is beating the best soccer team in the world right now, 2-0 on ESPN with 15 minutes to play.
Will the Golden Cross be used to bludgeon the bulls or the bears, or perhaps both equally? I vote for more volatility, with the 30 level on the VIX and the 900 SPX level providing lots of gravity to whipsaw around. I will be rummaging through the wreckage of the XLB and XLE type companies, picking up spare parts to build my next spacecraft.
I have attended MLB games at 6 of the current ballparks. I intend on visiting all 30 parks in my lifetime, and would like to have it done before the S&P hits 150, because I don’t think S&P 150 could support 30 MLB teams.
I have been to the home of the:
Boston Red Sox (Fenway Park)
Chicago Cubs (Wrigley Field)
Chicago White Sox (US Cellular Field)
Texas Rangers (The Ballpark at Arlington) GO RANGERS!!!
San Fran Giants (AT&T Park)
Oakland A’s (McAfee Coliseum)
This summer I can fly up to KC to see the Rangers play the Royals, then fly to St Louis to watch the Dodgers Cards game, and fly back to Dallas on Southwest Airlines all for about $150 in total airfare. And I can drive down to Houston to see an Astros game. So my goal is to have visited 9 total parks by the end of summer. I wonder how many parks I could knockout in the northeast in one week?
