Hopium rules

Details are currently being drafted….

Let’s hope so…

Merkel said a solution to the problem could take years and compared the issue to a marathon.

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Asia

Europe

Futures

Currencies

Commodities

LIBOR, EURIBOR, 10 years yields for Italy, Spain, France, Germany, & Belgium 

http://www.youtube.com/watch?v=MSqd7KEE5O8&feature=youtube_gdata_player

85 year old women sentenced to 2+ years in prison for bringing in illegals.

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The Web-search giant is in talks with major retailers and shippers about creating a service that would let consumers shop for goods online and receive their orders within a day for a low fee, said people familiar with the matter. Full Story

“hide the decline” – worse than we thought

Some background from the original “hide the decline” from Steve McIntyre here

Despite relatively little centennial variability, Briffa’s reconstruction had a noticeable decline in the late 20th century, despite warmer temperatures. In these early articles [e.g. Briffa 1998], the decline was not hidden.

For most analysts, the seemingly unavoidable question at this point would be – if tree rings didn’t respond to late 20th century warmth, how would one know that they didn’t do the same thing in response to possible medieval warmth – a question that remains unaddressed years later.

He writes now in Hide-the-Decline Plus

Indeed, they did not simply “hide the decline”, their “hide the decline” was worse than we thought. Mann et al did not merely delete data after 1960, they deleted data from 1940 on, You can see the last point of the Briffa reconstruction (located at ~1940) peeking from behind the spaghetti in the graphic below:

Detail from Mann et al (EOS 2003) Figure 1. Arrow points to Briffa series peeking out from behind the spaghetti

Had Mann et al used the actual values, the decline would have been as shown in the accompanying graphic:

Figure 3. Re-stated Mann et al (EOS 2003) Figure 1 showing the decline.

Had Mann and his 13 co-authors shown the Briffa reconstruction, without hiding the decline, one feels that von Storch (and others) might have given more consideration to Soon et al’s criticism of the serious problem arising from the large-population failure of tree ring widths and density to track temperature.

Read the whole article Hide-the-Decline Plus

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+9.8% to $14.83

DOW down 25

NASDAQ up 5.8

S&P down 2.3

[youtube://http://www.youtube.com/watch?v=DDRPtg0kmJU 450 300]

December 9th could determine a lot for equities.

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The world from Goldman’s looking glass…

Lumpy depending on what you did. Same old model got you crushed while midnight openings and other gimmicks got you paid.

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With the announcement of great same store sales they announced a special dividend.

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His purchase was made this week…

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What would you think ?

Fraud and the banks….can’t be.