If you live in Chicago, and go to see Floored, be sure to post your review in the comments.
If you live in Chicago, and go to see Floored, be sure to post your review in the comments.
This entry was posted on Saturday, January 16th, 2010 at 3:05 pm and is filed under Investing. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
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Thanks for that Matt. I would have not known it existed. I can’t wait to see it. I couldn’t be a floor trader.
K,
Check this out. I’m told that if you text $10
to the Red Cross, the Red Cross gets the
money 90 days from now…someone gets
a float on $Millions for 90 days.
for anyone wondering why i’ve taken a turn to the quiet side.. i’m currently working on Getting things done
here is one thing i’m still working on with my emails.
http://hubpages.com/hub/GTD-Setup-Email
Us Rednecks don’t call it GTD we call it GED – Get’Er Done.
George,
remember how our number is always -777?
well i have 4444 emails to be sorted LOL i suspect at my article skimmed vs link posted rate of 2-3% i will be left with about 150 emails LOL
Julie, welcome to the new america? can’t an 11 year old do things independently of what the school expects at that age?
http://www.signonsandiego.com/news/2010/jan/15/students-evacuated-school-chollas-view/
UGH! am sick and tired of this stupidity already (sorry george i know you and many here fought hard defending this free country of ours but i had to rant about the eroding intelligence of its people)
back on the economics wagon here is a good read about the coming crisis
http://www.ft.com/cms/s/2/a84f9554-01fa-11df-8b56-00144feabdc0.html
hope its viewable as FT has been doing some strange things lately.
night!
That Red Cross story brings up my experience with Untied Way.
Over the years, I’ve given United Way donations through payroll deduction. About $100 a month and I increased it over the years as I got pay raises.
Then one year I went on a trip to D.C. and we drove passed their headquarters. I couldn’t believe what I saw. It was a Taj Mahal. Must have cost millions. Now, I realize they must have a good image but that facility was overboard. I wasn’t expecting a shabby place but at least something more conservative.
I understand they are world-class and all of that political hub-bub, but that was just wayyyy overboard.
I never gave them anything after that. Shortly after that all of the bad press came along concerning their use of funds.
I now give to the Salvation Army. Anyone who stands in freezing weather and rings a bell all day deserves something. Down here, they take care of folks at the shelter that I will be participating with this year helping to prepare and serve meals.
I normally give one of those members a hot cup of coffee or cocoa along with the donation(s). (Sometimes I think my motive is to get them to stop ringing the bell.)
…ya had to be there…
K,
You need to write yourself a “sniffer” that checks those sites and emails for common themes. It would also cull dull news and pluck out only the good stuff.
A person with your intelect should make the externals work in your favor to save your brain power to get us good entries into the market. But then, I’m selfish.
george, as soon as i get my brain cleared up of all the mess thats on it that is an excellent IDEA
http://www.businessinsider.com/boston-mayor-a-coakley-loss-would-imperil-obamas-agenda-2010-1
guess who am voting for on tuesday? oh gee i dunno it starts with Brown!
she put too many negative campaign ads on him so she lost my vote there. oops no healthcare? sorry next time hire better campaign managers.
K,
There will *always* be the 10% rotten apples in a society that makes everything look bad, gets all the press, changes public opinion, and encourages similar actions.
If there was any good news from the talking heads it wouldn’t be considered news – only the stuff that helps their agenda. Dog bites man, so what? Man bites dog -that’s news.
With respect to “health care”, I look at the administration’s proposal as “health insurance”. True, it affects the health care industry, but true heath care would be similar to Canada’s model. Either way, it ain’t gonna be pretty.
And Obama’s “bank TARP repayment tax” is going to be another tax on main street: They can’t fool all of the people all of the time.
K,
A float is where I collect interest on the money
before I turn it over. A 90 day float is really
long.
Agree with you on the Salvation Army. When
you have time check what the Salvation Army
pays the person who runs it…and What does
the Red Cross pay its head.
Grandfather told us to never give a penny to
the Red Cross. They charged him for coffee in
Korea.
George,
There will be no bank tax. The big boys
have the U.S. Govt over a barrel…they’re
still making free bets…we will hear a lot
of hot air as they bury main street.
The float is not likely 90 days. The phone company is collecting the funds on behalf of the charities. So depending on the billing cycles, it could be anywhere from 30-60 days before they actually collect the $10. Sure, they probably get some float before turning it over to the red cross, but don’t go thinking that it is 90 days.
Mark,
http://blogs.reuters.com/rolfe-winkler/2010/01/18/haiti-crisis-provides-teachable-moment-for-investors/
Ukraine Is Going Bankrupt, And Russia Is About To Be Its Abu Dhabi
k,
Did you miss the two bank takeovers this weekend?
3 george
K says:
January 15, 2010 at 11:35 pm
just 3 banks failed? BOOOOOOOOOO
Hey, better than nothing, right? Though you won’t get much sleep.
no im very disappointed
Well, the banks are doing great now so you may have to give that profession up. Most have paid back their TARP so they can give bonuses. And only a few still owe TARP. Either way, the Fed is left holding junk. It will pay off in the long run just not in my lifetime.
Here’s the Fibtimer.com newsletter. I can’t get a link to this newsletter but If you go on their home page there is a link to receive this report via email.
Bullish is the word for them. Here are some excerpts.
“This week:
The S&P 500 Index – SPX lost ground this week, but most of the loss occurred on Friday. By the close the SPX had ended with a bit less than a 1% weekly loss.
Looking at both the daily and weekly charts (below) the uptrend has not been diminished in any way by Friday’s sell off, but we should expect to see follow-through weakness early Monday morning.
The SPX did have higher intra-week highs this week and higher intra-week lows, which is bullish, but the loss on Friday took away from the early week strength.
The SPX remains decisively above SPX 1119.31 which, for those who watch support and resistance chart levels, forecasts higher highs until the next resistance level is reached. That next resistance level, and the target for the current advance, is up at SPX 1226.10.
The SPX 1226.10 level is 7.9% above Friday’s close at 1136.03. It is also the 61.8% retracement of the entire 2008-2009 bear market decline. The 61.8% level is typically the hardest level to surpass in any advance. That means we should expect to have a difficult time as we approach it. The good news is, if it is surpassed, we can look for substantially higher highs ahead.
There are several Fibonacci market technicians whose advice we value, that we have a close relationship with. Recently, two of them said that after this advance ends, the next leg down would be substantial and could test, or break below, the March 2009 lows.”
Something interesting. SSP plotted on a weekly chart hasn’t gotten to its 38.2Fib. SPY on the other hand, is above its 50Fib with the last candle resting o the upward trendling.
No eauality there with respect to absolute gains but there could be with another kind of analysis.
Futures Prices
Market Last Change %
Crude Oil 78.81 +0.44 +0.56
Natural Gas 5.613 -0.058 -1.02
Corn 371.5 -9.5 -2.55
Soybeans 974 -1 -0.10
30yr Bond 117.4375 +0.0625 +0.05
10yr Note 117.28125 +0.53125 +0.45
NY Gold 1134.3 +3.8 +0.34
NY Silver 18.635 +0.208 +1.13
Emini S&P 1134.75 +2.5 +0.22
Emini Nasdaq 1865.25 +3.00 +0.16
Emini Dow 1057 +7 +0.07
Change “SSP” to “SSO” in my sleepy post at 1:10AM. zzzzzzzzzz
George,
SSO and SDS (and ALL the double ETFs) do NOT duplicate the market over an intermediate time horizon at all. Hold for a day or couple weeks at most while a trend is in place. If you want to play longer term, you just have to play the single x ETFs to capture the moves.
My 1/2 marathon time yesterday: 1:47:43. That’s an 8:13 overall pace for those that don’t want to do the math. Finished 172 out of 1081 in my age class (40-44 men). I kicked it up a notch the last two miles and pushed my pace down to a 7:38 and 7:30 split time.
Have a great day off everyone. I’m off to the office to make some $$$ and subsidize my trading habit.
2thfixr,
Nice stats on your marathon. I do cardio on the treadmill but that’s like running to the kitchen to get another bowl of ice cream.
Yes, the +1x’s are definitely not useful to hedge. As you say, okay for the very short-term trades and some swing trades.
Haha great George. Well done 2th.
The second derivative
http://research.stlouisfed.org/fred2/graph/?chart_type=line&s1id=BASE&s1transformation=pc1
Copper Warehouse supply back at crisis level
http://www.kitcometals.com/charts/copper_historical_large.html#5years
New Moon finished. Now heading into Full Moon.
40 Short
http://research.stlouisfed.org/fred2/series/BASE
Click on % change from a year ago.
Jim Cramer: Markets Will Surge Wednesday If Coakley Loses
you mean that healthcare will fail? oh yeah markets will surge
Apple Announces Jan. 27 Special Event: “Come See Our Latest Creation”
go to highchartpatterns.com and at the bottom left click best of our blog. there are some nice topics such as time frames etc… very interesting. oh and 10 day free trial which is easy to cancel..
just sayin
K,
Good link. Thanks
nas rebounding from Fridays red ink…
Futures Prices
Market Last Change %
Crude Oil 78.57 +0.2 +0.26
Natural Gas 5.571 -0.1 -1.76
Corn 371.5 -9.5 -2.55
Soybeans 974 -1 -0.10
30yr Bond 117.625 +0.25 +0.21
10yr Note 117.28125 +0.53125 +0.45
NY Gold 1133.8 +3.3 +0.29
NY Silver 18.65 +0.223 +1.21
Emini S&P 1137.00 +4.75 +0.42
Emini Nasdaq 1873.75 +11.5 +0.62
Emini Dow 10604 +41 +0.39
another amazing link
prophet.net/explore/sectorPerformance.jsp?sortBy=1159488000000&orderBy=-1&interval=7&showPercent=false&period=3m
the values i think are the percentages of stocks in that sector that are up over the week before.
talk about market performance.
nvm for the values just read left bar.
ive found a great tool called quoteticker and its for tdameritrade customers and others with diff services. cant wait to use it this week to see how things are.
Illinois: “state of insolvency”
you’re right george. i should give up bank watching and instead go on state watch
After,
I expected the continuation move up of SP from its beginning before the last close. I took some home after those two nice scalps.
my news source (number of blog subscriptions)
is now at 165
it hasnt been easy deciding but worthy bloggers are ok in my book
K,
Some exciting news for you and your bank clicker. Go to moneyandmarkets.com and look at the first article about the expected bank failures in 2010.
200/52 weeks that’s about 4 a week. dont worry george i think that number is too optimistic
The current pattern on the SSO 5min is similar to a bullish pattern on the 12th.
http://i47.tinypic.com/96b7go.jpg
i love this new ameritrade tool for my blackberry.
typed in SPY and says 2 bearish and 1 bullish event
bull: closed above 50ema friday/
bear: close below 13ema friday & closed below its PSAR friday.
lets try sso
….same exact parameters.
lets try GOOG and BIDU
goog 5 bearish 0 bullish
bidu 6 bullish 0 bearish
XLF 2 bullish 1 bear
and vxx 0 bulls 3 bears.
Thanks George. that is nice to see on the SPY charts.