Outdoor temperatures here are over 70F. It's humid. I hear hoards of crickets. Signs of summer ...
The ennui of news flow is marked. Babblevision talks about the next "trade" endlessly. It sure seems like the summer doldrums.
Ms. Market slapped her latest beau after the post Fed rally and sat down to skip the dance. What does this mean ? My guess is that the bears used the rally to put on more shorts and beefer traders took profits. The signs: the biggest losers were the strong stocks which had broken up into new rally highs.
This pullback could be the "Sell Rosh Hashanah, Buy Yom Kippur" trade, delayed a few days. That's my "guess". The traders couldn't find buyers higher after the Fed, so they sold. Real buyers are continuously nibbling at lower prices like a plethora of hungry squirrels eating fallen acorns.
The Bloviator continues to bloviate. Will he ever "do" anything ? It's just remarkable that having huge majorities in both houses of Congress somehow seems to have drained the energy from his party. Perhaps they are busy plotting their next earmark raid for payoffs & bribes ?
Actions
I am doing nothing. Estoy haciendo nada. Je ne fais rien. Robię nic.
[more languages to come ... Italian, German, Latin]
Word of the Day
"Louche" - adjective [$10]; from French, rhymes with "douche"
Louche means 1. disreputable, shifty; 2. [from OED] oblique, not straightforward, dubious.
Sentence: Rankings of the most louche professions: used car salesman, real estate developer, US Congressman.
Le Mots du Jour
"Loucher" - verb, regular -er
Loucher means 1. to squint, to have a squint; 2. (~ sur + object) to eye, to ogle.
La Phrase: Un homme louchera souvent sur une belle femme.
Sentence: A man will often eye a beautiful woman.
"Louche" - adjective
Louche means shifty, dubious, shady, fishy
La Phrase: Il y a du louche dans cette affaire.
Sentence: This business is a bit fishy. [idiomatic translation from dictionary]
[Thanks, Woody, for this $10 bi-lingual word]
a late request from yesterday:
ReplyDeleteKuba, co robię teraz?
Jim, what do I do now?
[Kuba is the diminutive for Jakub, which is James in Polish.]
Mrs. B made a couple apple pies last evening.
ReplyDeleteIngredients: apples, sour cream, raisins, walnuts, spices, graham cracker crust. no sugar.
Sounds like a qualified breakfast fruit to me ...
Mmmmmmmmmmmmmmm. Super !
good morning Bman !!!
ReplyDeleteand a great morning indeed..............just finished my second cup of my new favorite coffee..........lite white berry from caribou............it's basically a white mocha with skim milk...........delicous !!! you should try some Bman
if you don't have a caribou in your area.........starbucks has it too...........i am sure the Union soldiers would have enjoyed a cup or 2 just before the battle of gettysburg
why 2 cups ??
ReplyDeletegot up at 3 to trade the emini's................some good ping-pong action......but not that big of a range ....1050 a big number for the wavers
caribou opens at 5.......
does paul volcker read this blog ??
ReplyDeletebanks need to stop proprietary trading, hedge funds etc......
what a disgrace president simian was yday at the UN.............more apologies to the rest of the world...............he loves to be loved by the foreigners
ReplyDeleteStarbucks ... Caribou ... uh ... those aren't in the forest. Maybe 10 miles or more. There's a Dunkin Donuts two miles away.
ReplyDeleteI make my own with fresh ground beans, a gold mesh filter, and a thermos to keep it hot.
I like my coffee black ... noir ... schwarz.
Just finished cup #3.
When I worked in NYC about 25 years ago, every morning I had a really rich, creamy coffee every morning at 7AM from a cart on Broad St just south of the Wall Street intersection. And a tasty croissant, too.
ReplyDeleteLol that was when working on the "Street" was fun. A couple guys used to drive by the cart in a Porsche every AM & lean out to buy a cup, too.
Sigh .... now it's like a military camp ... or prison.
Haven't been back for years.
"lite white berry from caribou"
ReplyDelete"mike hard raspberry lemonade"
anyone else picking up on a trend here?
"maricon gigante"
There was a quick rally in the indices around 5AM, I think from from memory, as I was writing the post. S&P popped 4 pts.
ReplyDeleteThat happens often at certain times. Up or down.
I guess some big traders wake up, hit teh turrets and make moves.
Or mutual fund traders find out the cash flow from prior evening that's on the way
Maybe Volcker is now reading this ... he needs to, or he sounds stupid or senile.
ReplyDeleteThree American paper companies, joined by the union that represents their workers, charged on Wednesday that unfair trade practices in China and Indonesia have cost thousands of Americans their jobs by driving down the cost of paper.
ReplyDeleteThe three companies plus the United Steelworkers (USW) union submitted petitions to the U.S. Department of Commerce and the International Trade Commission (ITC). They claimed that certain types of coated paper imported from China and Indonesia have eliminated thousands of American jobs and are hurting American producers.
Joined by three paper companies located in ailing industrial regions, including Appleton Coated in Kimberly, Wisc., Sappi ( SPP - news - people ) Fine Paper of Boston, Mass., and NewPage Corp. in Miamisburg, Ohio, the union is calling for antidumping and anti-subsidy duties against Chinese and Indonesian coated paper, which they say flooded the American market. The Steelworkers union represents 850,000 American workers nationwide, including 6,000 paper mill workers employed by the three companies.
ahhhh...just finished my first shot of Don Julio 1942 Tequila....100% agave...
ReplyDeletesheesh, mav
ReplyDeletecelebrating something ?
uhh Bman............he was making a 'manhood' joke at me
ReplyDeletedon't worry about my manhood mav............you better worry about the tigers manhood......the horned frogs can score .............better save some of that tequila for saturday nite when you cryin like a bitch
PS..........nice pooch punt dabo
Dick Hoey must read this blog...
ReplyDelete"We have fixed all of our problems...Its a raging bull mkt"
indeed big fella
Bman are e-minis an asset class ???
ReplyDeletethese things are f'ng nuts.......wavers keep tellin me 1050 is key
Bman have you studied elliot wave theory ?? it's on my 'to-do' list
ReplyDeletedo you reccomend a book
ummm your boy thinks all that stuff is nonsense Bud...the key to good trading is to buy large blocks of stock and feed it out to minions in a chat room as they buy...everyone knows that
ReplyDeletewhere's frosty ???
ReplyDeletehas he surrendered ??? not a surprise.........i'm a relentless f'k
hey bob.......do you want my 'ops expo open interest spreadsheet '
lmaoooooooooooooooooooooooo
i love bob's oregon 'beavers' this weekend...........they gettin 6 at home to the cal bears.............if i knew they were playin in the same uniforms as last week...........i wud load up
ReplyDeletewe'll see how the rest of the week goes...............that may be my play of the wknd
ace.........what a f'ng moron
lmaoooo Bud....
ReplyDeleteIowa State Hawkeyes!!!!
iowastatehawkeyes........yuck!!!!!!!!!
ReplyDeletelmaoooooooooooooooo ace
that maybe your funniest post of all time..................ok.............i guess i
'call off the dogs'
"market"roshyoms...sending G20 a message Luco Brasi style...transaction tax??...we can take it away just like that mfr's....
ReplyDeleteBunky...flash trading, oh man, way to step up...where are your heros at the SEC...uptick rule, hello...tirple juice dark etf's...you must feel great shame.
ReplyDeleteSal...don't ever use my home name, OREGON ever again...you are not my BFF, never will be...." white mocha with skim milk", the meat in a fraser and niles sammmyyyyy...I think so.
ReplyDeleteYes, I'vd studied it and followed it a bit in the 1980s and in this century until I stopped trading.
ReplyDeleteThere's something to it, but it doesn't always work. (what does ?)
The short & intermediate term moves beceme a bit self-fulfilling as quite a few people follow it.
But it breaks down when fundies are against it.
The fibonacci points can work, probably because lots of traders follow it.
Gotta be nimble, though when it stops working.
Then the wave theorists will change their counts so they can claim to be always right.
I use it, roughly, to pick logical buy/sell points when I'm looking for a place to do something.
I suppose Prechter has a recent book. Mine are from the 1980s.
ReplyDeleteAONE
ReplyDeletenailed it !!!!!!!!!!! almost 2 points in 30minutes...........is that also a blip hit Bman ??????
DANKE VIELMAL JIM !!!!!!!!!!!!!!!!!
fraser and niles
ReplyDeleterofllllllllllllllllllllllll
AONE...douche prolly topped it
ReplyDeletewhat a great job goldmansachs does for it's clients on ipo's............i am sure their customers are ecstatic with AONE today
ReplyDeleteBman you still think goldman gutts it's beefers ??
PS..........GS goin to 200 ???
mern what is happening with NVAX? is it a raging buy here sir?
ReplyDeleteBunky...hearing G-20 discussing a new global currency...I say go with bunkybucks, a lap dance always maintains it's value..."capo, crank up the press"
ReplyDeleteBunkerman ITW was one of your newer purchases, correct sir?
ReplyDeleteyes, I have calls on ITW.
ReplyDeleteMrs. B has the stock.
A BIG HELLO TO ALL YOU PEEPING TOM SHARK TANKERS OUT THERE....LMAOOOOO
ReplyDeleteG20 global currency ... what a laugh !
ReplyDeletemaybe in 100 years
Call options book: ITW, GOOG, UTX, PG, CAT, MMM, BA, MT, HBC
ReplyDeletecurrency in strife: gold, silver, chocolate, cigarettes, guns, ammo, "le preservatif", etc.
ReplyDeletefor skipping out before the borders close, use diamonds.
ReplyDeleteI intend to stay & fight.
Bud true or false....Obama can hit a 6 iron longer than you can?
ReplyDeleteBud..
ReplyDeleteDo you..or do you not have a man crush on "jim"?
Bud...."Jim...rock climbing???..Im down....Ive made delicious sandwiches.....Zima?"
ReplyDeletejim...."step off Bud"
"Do you like peanut butter? Ill make peanut butter sandwiches"
ReplyDeleteSal luv's to have his peanut butter packed...sharkstyle....CHTP, thanks jim.
ReplyDeleteshould we call off the dogs????
ReplyDeleteyou still wanna be friends???
sure are quiet now....
take me to a happy place...take me to a happy place
loooooooooooooooooool
that's ok frosty..........take all the shots you want at me........i'm a man.......i can take it......but i only have one way to respond............lemme know if you can 'take it'
ReplyDeletewhat a prick you are bob..................f'ng scum sucking jizz swallowing man beaver licking douchebag
PS........still wanna be friends ???
" hey Sal............why you gotta talk shit..........why you gotta be so rude..........so vulgar.........so nasty ? "
ReplyDeletecuz i'm a nasty motherfucker !!!!!!!
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
ReplyDeletetedious enough ace ??????
you showed us.....print that off..show it to jim..maybe he'll give ya gold star
ReplyDeletelmaooooooooooooooooooooo
callin off the dgs..."sorry"
easy ace..............i called off the dogs...........you sure you wanna go there ?? go where ??
ReplyDeleteya'know ........the fag jokes.............i mean .....weren't you an altar boy?? ....... didn't you have father mclroy's balls in your mouth ???
PS........uhh ace ...........DO YOU still wanna be friends ????
ace.............i don't know....nor do i care how far the moon-cricket hits his 6-iron
ReplyDeleteall i know since learning how to 'release the club'...........i've gained about 5-7 yards on my six iron..........they goin about 155-157...........once i get my footwork and weight transfer issues resolved.........i think 165 is realistic
Obama playing to a 14 it appears...you guys would have a nice match...
ReplyDelete"ace"
that still cracks me up....
well played sir well played
sorry Bman.......but don't blame me
ReplyDeletethese f'ks baited me..............i had to respond.............i try to keep the debate civil and interesting and humorous and mind provoking
ace and frosty should know better by now.............reminds me of this quote
" They pull a knife, you pull a gun. He sends one of yours to the hospital, you send one of his to the morgue. *That's* the *Chicago* way! "
what movie Bman ???
hmm sounds familiar.
ReplyDeleteCan't place it.
well, I couldn't expect any Rodney King acolytes in this free-fire zone.
ReplyDeleteTom stay on high alert, friday is looming...Mern went all philosophical too, you know, right before he swung.
ReplyDeleteyes..... Sal Bass is such an adult...SHOWTIME!!!
ReplyDeletepfftttttttt
Bunkerman you must be chomping at the bit to buy...the Dow has pulled back 100 pts...
ReplyDeletelmaooooooooooooooo frosty
ReplyDelete'call the cops'..............what a bunch of pussies........panicking like sissies
hey Bman.........how much are chickens these days ?? 1.99 or 2.19 a pound?
not even watching, mfl.. I always wait for the third day.
ReplyDeleteDoing German drills.
hmmm that sounds good
;)
Don't know ... haven't bought one lately, Bud.
ReplyDeleteI've been eating lots of expensive Euoprean sausages, farm fresh eggs, etc., sesame butter, bagels, Stilton cheese, homemade scones, etc.
Oh ... lots of salads, too.
;)
did buy a roast beef over the weekend - it was top quality cut, $9/lb - same as last year.
ReplyDeletetypical...a friend is in trouble Bud...and you try to act tough...sheesh...what about the Manhattan prep school code son?
ReplyDeleteVerstehen Sie mich, Punker.
ReplyDeleteId do it again too...even for a "maricon gigante" like you.......
ReplyDeletenot that there's anything wrong with that
the unntouchables Bman
ReplyDeleteelliot ness.....al capone.......one of kevin costners best movies..............sean connery spoke that line
german drill ?? what's that ??
ReplyDeletesounds like somethin frsoty would do with young........ummmm.......oh wait............'called off the dogs'
German Drills: CDs with german sentences spoken that one must make understnd and change words, etc. as directed.
ReplyDeleteVerstehen Sie mich, Punker.
got it "Chief"?
ReplyDeleteToday is German, then Polish, then Latin.
ReplyDeleteno Spanish day..so i guess that means he could be saying anything in the other languages??...how would we know?lool
ReplyDeleteSpanish is done on the weekends.
ReplyDeleteI rotate French, German, Polish & Latin on weekdays, then Italian & Spanish on weekends.
ReplyDeletetwo or three lessons a day.
ReplyDeletekiddin Bunk...we know....your word is your bond...lol
ReplyDelete"The most important thing a man has in the this world is his word"
ReplyDelete-Ace's grandpa
"Spanish on weekends"...indeed, Sal saves the dirty sanchez for weekends...don't hold you breath waiting on a reach around mern.
ReplyDeleteBunky...RIMM not looking to good.
ReplyDeletetrue, I saw a headline on Briefing re RIMM
ReplyDeletethanks for the warning re risk.
I might look at it after a few days of pounding, it the numbers aren't too bad.
I didn't like what you said re returns for defects, though. Causes bad word of mouth.