I had set stop losses for all my open positions last night but this morning I changed my mind and sold everything after the market opened. The action in stocks has become too choppy and disjointed as of late and I wanted to clear the trading account for some new ideas. Losses in MFB (-2%) and COCO (-3%) were beaten back by small wins in HSY (+1.4%), DAN (1.4%) and two nice wins in BUD (+5.5%) and AIXG (+7%). I will do work on Sunday and Monday for some new ideas.
Good News and Bad News
Author Jake of the site EconomPic is moving out west to California! I wish him the best in his new surroundings though I am sure he will do quite well. That is the good news.
The bad news is the blog EconomPic is closing up shop:
This is a huge down note. Over the years I could usually see a chart someplace on the web that belonged to EconomPic with no credit given and it was fun to narc them out! Author Jake was also a regular visitor here at the site and was always responsive and interactive in his comments section which is a huge thing to this writer. All my best Jake and please stop in or drop me a line anytime.
I am burned out on this stuff for the week but a few items:
-Alan Greenspan should be put in jail or at least not be allowed to talk anymore. That guy is now I think clearly insane and he was running the FED for a long time. I am sure Bernanke is perfectly clear of mind.
-Jobs numbers still slowly getting a little better which is perfectly consistent with the business cycle peak where the stock market would have you believe we are now.
-Oil at $140 was bullish back in 2008, remember?
-The volume on big down days dwarfs the volume on up days.
-Did The Pragmatic Capitalist really write this article:
Revisiting the Mystery Buyer...
-Don't ask me about mining stocks EXK, SLW, and NGD. I will not talk about them and when I took a pass on buying them a while ago. I want to puke now.
Friday Night Entertainment
Somebody has to do it.
Headlines to Consider
By now readers are well aware of my well founded fear of robots taking over the world. I feel like a lone voice in the wilderness trying to warn the masses of the impending disaster. Here us another one sure to come back to haunt us all:
Is the Navy Trying to Start the Robot Apocalypse?
Whenever the military rolls out a new robot program, folks like to joke about SkyNet or the Rise of the Machines. But this time, the military really is starting to venture into robot-apocalypse territory: swarms of little semi-autonomous machines that can team up to manufacture complex objects (including, presumably, more robots).
That’s right, the only thing scarier than a swarm of intelligent military mini robots is a swarm of intelligent military mini robots in control of the means of production. And your Navy is hard at work on making it a reality.
If that was not enough, why are we even asking this question????:
Could Scientists Really Create a Zombie Apocalypse Virus?
Maybe I was wrong, it might be better to blow money on Facebook IPO's rather than fund these projects!
Cartoons and Other Entertainment
I was thrown back in the time machine upon seeing this post over at The Bimillennial Man:
I mean, who does not know The Thundercats? Awseome.
Klo (Who is hosting a big give away contest!) remembers The Barbapappa's but I have to say I never saw even one episode! Shocking I know.
Before I throw you a must see animated film, you have to check if you have seen the following:
-Transformers the Movie
-The Dark Crystal
-Emmet Otter's Jugband Christmas
-The Last Unicorn
If you scored a 4, you may have seen the next film.
This film scared the crap out of me when I was young. From the aged wizard Nicodemus and the part demon Great Owl to the violent clashes and adult themes, the film "The Secret of NIMH" is a very memorable one for me:
A few choice Photobombs!
see more This is Photobomb
In the digital age, kids get away with NOTHING!!! (you must click for bigger picture!):
see more This is Photobomb
I want to give a shout out to one of the most fun posts I have ever read. Over at The Serial Killer Files, JH writes the following post and intro:
The Soundtrack of My Life (1980-1989)Click on over for the list, great post!
I was a child of the '80s. Well, actually, I was born in the '70s, but most of my formative years took place between 1980 and 1989, so just about every song I listened to during that time goes hand-in-hand with a memory.
Reader Gawains wants a bit of Bob Seger and suggests "Rosalie":
Gawains knows real estate, farmland, and music!
The last time I played "Run to You" by Bryan Adams was just under a year ago, but I heard it on the radio and to exorcise the song from my head it goes on:
I wanted to play some Guns n Roses "Night Train" live but Axl Rose's worst weakness was how terrible he sings in concert. Just could not do it, he is no Bruce Dickinson that's for sure. Here is the studio version:
You want 80's? How about John Parr's "St. Elmo's Fire"?:
Great song, better film.
Two left, do not despair all men (and women) lose heart....
I love Buddy Holly, but Marshall Crenshaw's cover may be the update that beats the original for "Crying, Waiting, Hoping":
Last call! Grab a drink and a girl, or one or the other.
Closing the show with Kid Rock's "Bawitdaba" whatever that means:
Rock out! Cool live version here.
Have a good night.