Archive for the ‘Investing’ Category

Family Dumpster

Saturday, July 12th, 2014

On Thursday, Family Dollar Stores, Inc. (FDO) reported a sharp drop in profits, and said they would close 370 stores. When people can’t afford to shop at Sears anymore, they go to Walmart. When they can’t afford Walmart, the go to Family Dollar. But what is the next step down? Family Dumpster.

Now that the multinationals have off-shored the American middle class, the big question is: can they devise a way to monetize dumpster diving. Perhaps they can. I notice that dumpsters are no longer left unattended out back. Now they are enclosed in brick buildings. Maybe during the small hours of the morning, a sales rep from Family Dumpster could open the buildings and charge homeless people a fee to spelunk the dumpsters. I can hear the greeters now: “Welcome to Family Dumpster!”

But seriously, people who have been expelled from the capitalist economy against their will have another option: sharing. For example, if you have no job, but own a house, you can now generate income with the help of Airbnb.com. There are now such companies for sharing every conceivable thing from baby clothes to cars. And they are growing. Fast. And taking market share from capitalist incumbents.

An Airbnb IPO would probably see the company with a market-cap larger than Hyatt Hotels (H). And it would be poetic justice. As I reported in my book, companies like Hyatt are notorious for breaking unions, firing American workers, and replacing them with desperate immigrants at minimum wage – and then working those immigrants like Alaskan sled dogs. Now, former hotel workers are striking back and taking market share via Airbnb.

Ladies and Gentlemen. What we are seeing is nothing less than the suicide of capitalism. And let the record show that the American people did not turn their back on capitalism. It was international capitalists who turned their back on the American people. Turns out, allowing a fat, drunken, incompetent (David Rockefeller) to design the global economic system wasn’t such a good idea after all. Who knew?

Note: Here are some more sharing companies: Couchsurfing, RelayRides, Getaround, Liquid, Lending Club, Fon, SideCar, Poshmark, Neighborgoods.

Down Goes Kudlow!

Thursday, March 20th, 2014

Larry Kudlow’s CNBC show is no more. The official story is that he is retiring, however that sounds like BS to me. On Monday (or was it Tuesday?) Kudlow said: “But I still have a pen” which is an expression of defiance, and puts the lie to the retirement story.

I reckon that the demand for Koch Brothers talking-points, neoliberalism, and non-stop warmongering isn’t what it used to be.

Nobody, other than myself, watched Kudlow’s show, but it is not a small thing that this beacon of globalism has been extinguished. First, the people struck down the attempted war on Syria. Then they struck down Larry Summers as Fed Chairman. And now they have given Kudlow the cold shoulder, voting with their eyeballs against neoliberalism.

We will have to see what CNBC puts in Kudlow’s slot, but this looks like another stinging defeat for the Oligarchy.

To see Kudlow at his most-evil, see my post: “Larry Kudlow is Pure Evil – Part 2.”

Here my other posts about Kudlow (from newest to oldest):

CNBC Rebellion
Larry Kudlow Lies About Immigration
Larry Kudlow, Gas Bag
Bizarro Kudlow Cheers Workers
Larry Kudlow is a Declinist
Where Are Those Jobs Mr. Kudlow?
Larry Kudlow, Patriotic Globican
Kudlow Goes Berserk
Larry Kudlow, Chinese Patriot
Larry Kudlow is Pure Evil
Larry “Global Job Creation” Kudlow
Kudlow, Idiot – IBM, Evil
Larry Kudlow is an Idiot #2
Larry Kudlow is an Idiot
Kudlow Congratulates Citi After Catastrophe
Kudlow: “Hurrah for Recession!”

NASDAQ-100 Megaphone Pattern

Saturday, February 15th, 2014

Below is a daily chart of the NDX showing a megaphone pattern (click to enlarge):

NDX-Megaphone-Feb-2014

This pattern is sometimes called a “reverse symmetrical triangle” or a “broadening top” and is usually bearish. Here is a megaphone chart that I posted back in 2009:

ES Broadening Pattern

Two days later, the S&P 500 rolled over and dropped 63 points. But the correction only lasted six days, and the bull market resumed. So in that case, the megaphone was a signal to go to cash and get ready to buy the dip.

No pattern is perfectly reliable, and it’s not impossible for the market to shake off a megaphone. Perhaps Janet Yellen’s melodic voice has soothed the market beast. We will know very soon.

Long Line at the Car Wash

Saturday, January 5th, 2013

After the recession began in 2008, I no longer had to wait in line at the car wash. That was odd because I live in an upscale neighborhood, and the most-expensive service at my car wash is $10. I couldn’t believe that my neighbors couldn’t afford to wash their cars anymore. Maybe they could afford it, but could not afford to come down to their condos here in Miami Beach. Maybe the “snow bird” population had been thinned. Maybe they had to stay up north with their noses to the grindstone year-round.

Whatever the reason, the car wash is busy again. On Thursday, I had to wait in line for over an hour. Maybe the economy is reaching escape velocity – at least among the population that can afford cars.

High Frequency Talking

Tuesday, May 22nd, 2012

Want to hear two rocket-scientist programmers discuss high-frequency trading? If so, then check out techzing podcast #185 where Jason Roberts interviews James Thomas of Headlands Technologies.

There are a few brief mentions of arcane topics such as functional programming and the “R” language, but the discussion is accessible to civilians. Too bad Thomas is under non-disclosure and couldn’t tell what he knows about MF Global.

The podcast is 80 minutes long, but you can download it onto your iPod via iTunes. Just search for techzing in the iTunes store.