News, stocks, weather ... trendless lately.
In case anyone missed it with all the bloviation about the 40% rally from the lows, all that "rally" really did was erase the February Obama-Timmy panic. Prices are mostly just back to the rough levels of October. What does this mean ? Fears of another downleg are being erased. Now dealing with the beefer-induced recession ...
I wonder how many people notice that huge "air pocket" in resistance from S&P 900 to S&P 1200 ? That's the drop caused by the Viking shorts & beefers in raids on the world financial system - courtesy of the arms race approved by the SEC and Elmer (viz., removal of uptick rule, creation & non-regulation of credit default swap derivatives, no naked short rules, non-regulation of hedge funds, etc.) and the huge concentration of wealth in trading hedge funds by the dumb rich.
My take: a bit of good news in economic growth will cause a buying panic and explosion in stock prices to S&P 1200 "real" resistance.
FT: "German business confidence has brightened more than expected this month with companies in Europe’s largest economy becoming markedly more upbeat on prospects for the next six months."
Blabberg says insiders are selling heavily. I suppose they have gotten the message of diversification, viz., don't put most of your net worth in your companies' stock. If the company gets into trouble, you can lose both your job and your life's savings.
Lots of "talks" going on: Turkey talks to IMF, Russia talks about deep nuclear cuts, China and US in talks on military. Xstrata in merger talks with Anglo American. Maybe Obamitis is contagious - Obamitis is a new syndrome of talking, not doing.
Voting in Iran seems to have been conducted in the style of old Chicago. Surveys show more votes cast that voters in many places. Hmmm ...
Doing nothing today, except working on my languages. If "they" knock stocks down to S&P 900, I'll start looking for adds.
Word of the Day
"Declamation" - noun [$10] and "Declaim" - verb [$10]
Declamation means 1. act of speaking pompously or bombastically: harangue; 2. rhetorically delivered speech or reciting in elocution.
Declaim means 1. to speak or utter rhetorically or affectedly; 2. practise oratory or recitation; 3. protest forcefully; 4. deliver an impassioned (rather than reasoned) speech.
Sentence: Obama is obviously a master of declamation, but as for "doing", his very poor record in filling many important Federal posts shows he does not have management skill.
La Palabra de la Semana
[That's "the word of the day" in Spanish. My multilingual exercises in using the verb, "to drink" continue.]
"Tomar" - verb, regular -ar conjugation
Tomar means to drink.
La frase: Ayer tomé dos cervezas. Yesterday I drank two beers. Ahora tomo un café sin leche o azúcar. Now I am drinking a coffee without milk or sugar. [that's also 'un café solo', I think.] Tomaré dos cervezas esta noche. I will drink two beers tonight.
Notice that like Latin, Spanish usually leaves the subject pronouns out, as they are redundant due to the verb endings. Polish & Italian do that, too.