I will have a NFL Week 2 preview post up tomorrow. Some big matchups again already so the action should be great. NASCAR kicks off the final 10 races for the championship in New Hampshire as well.
The Reformed Broker pointed me to survey done by The Kirk Report on the investor sentiment cycle. Here is what it looks like:
From the write up:
Of those who dared to offer take the poll and go on record (most I asked never responded), 63% thought the cycle had already bottomed out while 37% see further downside to go in this cycle.Interesting comments by the respondents are worth a look.
How did I figure that out? When you look at the overall votes, the most popular response was that we are currently in the hope phase as 26% of those who I polled offered that as their view. This was followed closely by 21% who said we are in the depression phase, followed by 16% who think we are in the optimism phase. If these people are correct, as a combined group 63% of them think we’ve already bottomed out and are headed higher at least in terms of this current sentiment cycle. Please note where each of the three areas of the cycle – hope, depression & optimism – fall within the cycle. After each phase, the market moved higher.
Nobody asked me, but I think massive intervention and some market friendly machinations built a bridge from panic right over to hope. We have been at hope for some time hoping for something to happen while the data gets worse as of late. Hoping for a miracle?
I am adding the site iBankCoin as I have been reading it now for 2 weeks straight and I think it offers plenty of great insight and also it is plenty of fun! Writer chessNwine is as balanced in his thinking as you are ever to come across; Jake Gint is a metal lover, and The Fly, well, this guy is so funny it hurts! He is also a great market timer as well. A little taste to get you started over there? From The Fly today:
The Party is Fun, Until it EndsThat rocked!
In my opinion, we have a maximum of 2% upside left, and 15% down. I’ve been through markets like this before, as many of you. The big difference between you, and a person such as myself: I remember the answers. I can personally guarantee many of you will be caught 100% long, or more, into the top. It happens every time. After all, someone has to hold the bag of bombs filled with shit.
There will be no warnings or mercy, just down. Perhaps the widening CDS spreads in Ireland, Portugal, Greece and Ukraine will have something to do with the decline. Or, it might be caused by fears of taxes rising or monetary tightening in Asia. Dare I say, the markets may just sell off due to profit taking? I mean, let’s be perfectly clear with one another, if the United States economy was a business, would you buy it now? The notion that news is so bad it has to get better applies best when markets are depressed. Last I checked, CRM was trading 1 billion times 2020 earnings.
Full disclosure: I have no affiliation with the site, but I am very seriously considering subscribing to their PPT product for trading purposes. I want to see how it works and see how I work on stock picks compares with it. I do want to be more active in the markets and a little help is a good thing! Let me know if anyone uses this service so I can get some feedback.
When your down and out. Feeling small. When evening falls so hard, you need Friday Night entertainment!
I Have Seen the Future and It Wants to do Exercises
Well you knew a robot post was sure to come up! Check out this creepy robot that can do exercises and track a human as he intends to vaporize him with eye socket laser beams:
The HRP4 has full arm articulation and simple hand movements, giving it a grasping force of 1.1 pounds. It has facial recognition built in, so it'll know who you are, and it also reacts to voice commands.You have been warned. Repeatedly.
Pictures Are Easier Than Words
Which is why all I read are pop up books!
The REAL reason the Empire won at the Battle of Hoth:
see more Lolcats and funny pictures
I just don't think this is a real statue!:
see more EpicFail
Helping you pick films since 2007.
An 80's classic comedy is "Ruthless People". One of my favorite scenes is when Judge Reinhold goes crazy and tries to sell a monster speaker to a poor kid (skip to the 1:25 mark):
"Hey, what's it f#%king cost?!"
"That's the bitchin part about it, it don't matter! If you can't afford it, f#kin finance it!"
Not too many have seen the Bruce Willis movie "The Last Boy Scout" but I happen to think he plays this part very well even if the movie was a bit on the poor side. Here is a good scene:
One of my new era favorite films is "Gangs of New York". An all star cast and of course the amazing Daniel Day Lewis as Bill the Butcher:
He is chilling in this role.
Now that we are armed with the Dominator MX-10 speakers, we should be ready to rock!
Last week I had tons of requests, this week, almost none! Lurker wanted to hear "Puff the Magic Dragon". As I did once do a post with the mythical Honali in the title, I felt I could not object:
Gawains emerged from his sadness bunker following the Dallas Cowboys loss last week to ask for "Gimme Three Steps" by Skynyrd:
My wife has been replaying the performance by Taylor Swift from the 2010 VMA award show of the song "Innocent". Everyone thinks it about Kanye West, but there is NO WAY a song this pretty and heart felt is about that donkey and his antics from last year. This song must have been written about a close friend, family member that is facing serious issues, in my opinion:
Again, I think it should be clear what this song is about. Very nice.
Need a little animal influence? How about The Animals and "House of the Rising Sun"?:
Is that "London Calling"? It must be! Here is The Clash:
Two songs left.
Maybe we should go down "Gypsy Road" with Cinderella? Ok, lets go!:
Replay, but it is my blog and I had this one on the mind all day so what can you do. Iron Maiden and "Revelations":
One of my favorites.
Have a good night.