I have tomorrow off to get a 3-day Birthday weekend going early. Tomorrow is Friday so get requests in for whatever kind of thing floats your boat; music, film, literature, science, etc.
Swing and a Miss
I was stopped out or sold all my stocks yesterday and I was a bit pissed that I had to eat losses on all of them. It did keep me out of today's grinder though. I broke a few trading rules this week but the biggest one was that I really did not like anything when I did screens on Sunday night but I figured I would try a few things just to have something to follow. If you don't like the setups you are putting on, you are a fool to open them. I am that. In a never ending melt up Bernank market miscues and broken rules can be ignored. In a meat grinder they get amplified. I will sharpen it up.
A Fine Mess
I have to be honest, between the awesome pic for Macbeth by a Storm Trooper and the outline why QE 3 will happen in last night's post, it went off with zero notice. Maybe it sucked. I thought it was good. Anyways, here is my run down for tonight.
The news headlines are fast and furious. With so much going on it is little wonder the markets are nervous, though it took about 2 months of bad news to get there. The headline that shook the world? Here it is:
Paris calls for targeted Libyan air strikes
And yes, Paris as in Paris FRANCE! I wonder if the French aircraft carrier Charles de Gaulle is still working? Did you know it was named after a true gold bug? Oh, the dripping irony here.
If you are looking for news during these wild times you can use the regular news feeds but the two I like Drudge Report for breaking stuff and the best cover site on the Web, Instapundit if you want deeper news stories that are not covered everywhere else. Don't bug me with political comments, both Drudge and especially Instapundit get the job done.
I may have more later, but for now that is all.
Have a good night.
10 comments:
From loyal reader Gawains on the last post:
"Well, if think all that is bad, now they're messing with our coffee.
http://www.nytimes.com/roomfordebate/2011/03/09/coffee-the-new-shaky-commodity/coffee-unlike-oil-can-be-replaced
GYC, remember when I told you that the best investment was in farm land and that there was a lot of money in coffee?
Well, now it looks like another bubble that's going to burst.
Let's see, over the last few decades we've seen peak S&Ls, peak dot.coms, peak housing, peak oil, peak banking, and now peak coffee.
This is getting ridiculous. When it gets to peak whiskey, I'll start to be worried."
There will be NO BUBBLE in alcohol! I am thinking of opening a monster position in BUD.
All kidding aside, farmland is winning the poll at the left huge! I have a few thoughts on this but maybe this weekend. If I am not too wobbly from birthday celebrations!
Hey, I hope you get your birthday weekend started off right! Happy birthday!
David,
Thanks! I think I will. I have spooled on Youtube "Homeland" and "The Immortal Cimoli" for a good night send off.
Back from Vegas baby!
To make a long story short, ate too much, drank too much, spent too much, i.e. had a great time!
Haven't kept up with the news but I did notice this today:
"Oil rallies on Saudi news, erasing most of decline"
"When news broke that Saudi Arabian police fired shots to break up a protest Thursday afternoon, prices soared $3 per barrel in just 12 minutes, erasing most of what had been a 3.6 percent decline."
http://tinyurl.com/6brrhb9
Well GYSC, looks like we are going to find out if you are right about them quelling any unrest in Saudi Arabia (from your 3/1/11 post), so far it looks as if it's going to go the way you said it would.
Hey Watctower!
I hope you had a good time. Did you play #16 for me??
No worries, I will be right about Saudi Arabia.
I knew you was going to ask that and I can't lie, alas I didn't play 16 for you.
I did think about it though when I was in the Casino Royale but the roulette table just looked too damn risky for me, lol.
Hope you have a great birthday weekend!
How about The End, by The Doors Friday night music.
Happy Birthday by the way.
Hey smoking! Thanks for stopping in!
Happy 3-Day birthday weekend! Celebrate long and well, then give us all the details :)
This is a family friendly site JH!
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