But I love NYC.
Mrs. Woodshedder and I are headed to Yankee Land for the annual iBC equity partners meeting.
Unfortunately Senator Gint will not be meeting with us. I understand that he was intimidated by my ghetto workout last year. He believes that I might challenge him to a push-up contest. As not to embarrass himself, he will not be attending. He and his lovely wife will seriously be missed.
I believe the rest of the gang will be with us, including Chuck Bennett, Jeremy, and Cronkite.
As I type, Chess and Cajun are painting the town purple and gold.
I understand that Fly has procured the most opulent of establishments for our repast, complete with gilded curtains and silver-plated ceramic tiles. The lint generated from the 14k gold fabric on the chair backs would fund a medium sized Mexican drug cartel, if it were not removed and recycled prior to exiting the establishment. Restrictions on pipe smoking have been suspended and the finest of southern Whiskey has already been delivered. A gallon of blueberry shine awaits those who wish to sample Virginia’s finest export. We left the possum at home in the freezer.
Do not let the epicurean nature of our meeting dissuade you from believing the important nature of our true business. Indeud, at the close of our covert assemblage, we will have planned and implemented said plan to ensure the continued domination of iBankCoin over the financial blogosphere. For you, dear reader, this is a win-win.
Many of you have recently left me some great comments. Unfortunately, due to work and getting ready for a trip to NYC, I’ve been busier than a one-armed man in a wallpaper hanging contest. I hope to be able to respond over the next few days. Should I not, just know that I very much appreciate the input.
As for the markets, take the weekend to re-group. As I’ve mentioned recently, a large increase in volatility will affect the markets over the intermediate term. Even if volatility slowly decreases, there will still be large swings. They will just get smaller and smaller.
At today’s close we completed a Death Cross, which is a cross of the 50 day moving average beneath the 200 day moving average. I have written previously about the Death Cross. Below is the link to a post which should go a long way towards covering everything you need to know about the Death Cross.
What you NEED to know about the Death Cross
Have a good weekend…
” Even if volatility slowly decreases, there will still be large swings.”
Hmmmm? Explain yourself
it seems like alot of people at seeking alpha are calling recent events a panic and suggesting bullishness. higher percentage than last summer or certainly early 09 when that place was dooms and gloom central.
still, alot of people are saying they are in cash and suggesting waiting awhile.
a split decision, i think that the blog crowds were more bearish last summer. contra indicator?
Check, honestly, I’m not sure. I have not made my mind up yet. I need to do more research.
RealLife- the large swings that accompany a large spike in volatility tend to continue as volatility dissipates. The swings just get smaller and less intense as volatility decreases.
What about me?
Damn. I would be lying if I said I wasn’t a bit hurt. Maybe my invite is in the mail?
You are all wifed up and would slow me down anyway.
Go2, no hard feelings I hope, and, I don’t get to make the invites…
You’re right, I might slow you down. Last year I was sans wife…and that led to a ghetto workout. Probably better that she will be with me!
I know I’m late in response, but, for what it’s worth, this is your best prose to date.
Get your a$$ up out of bed and take me out to the streets of NYC for some damn dessert you damn confederate bastard.