The markets were dropping today when the bad jobs number came out. Even expectations that were lowered were missed. You know the story big picture by now.
My post on my short strategy (Short Takes) is getting closer to being triggered. What I wrote on 5/23:
The new market eats bearish ideas for breakfast and it will take the 1280 level for me to put this trade on. If I do make the move I will leave it until the S&P is around the target area of 1180, the FED starts trial balloons for QE 3.0, or a rebound happens up to 1360 again. This is not a quick move but a placed bet on an outcome I think will have to a happen. It would not surprise me too much to be way wrong here, but this is the play I have in mind going forward.The first stop had to be S&P 500 going under 1307, and it did that today. My trigger remains 1280 and in this updated chart you can see where that is (still a ways away, this could be a head fake for a move back up to the top of the channel around 1360!). It is always good to keep a plan in place (click for larger view):
Enough stuff, on to the other stuff.
Friday Night Entertainment
What will we see tonight?
So the deer that has been eating all the birdfood from the feeder keeps coming back, right around 8:20pm. My motion activated camera caught him a bunch more times, but one picture caught something else!!! The time stamp is right, but the dates are still messed up. This was two nights ago, see if you can spot the other critter (click for larger view):
Right above the rump of the deer you can see another pair of eyes! I cannot blow up the picture (clicking will make it bigger) because the camera software won't work with my computer. In any case, it seems like a coyote or fox, but it's hard to tell. I reset the camera today. Maybe we will catch more critters!
Funny Pictures and Stuff
This is so wrong I knew I was going to post it:
see more Historic LOL
If my dog had courage he would do this to the cat:
see more Lolcats and funny pictures, and check out our Socially Awkward Penguin lolz!
But he does not.
Some stuff to watch.
Scotty Nguyen wins the 1998 WSOP Main Event and at the 3:10 mark he baits the guy to call his lock hand saying "You call, gonna be all over, baby!":
Thomas Hearns KO's undefeated James Shuler in round 1 for the NABF Middleweight title. Sadly Shuler, who had escaped death by not being on a boxing team flight that crashed in 1980, would die after this fight when he crashed his motorcycle. Thomas Hearns, always the greatest class boxing had, attended the funeral and layed the NABF title belt with Shuler at the burial:
Readers know that while Sean Penn is an annoying celeb, I consider him the finest actor of this era. His work in Mystic River is legend. One early Penn film, "Bad Boys", was an indication how powerful an actor Penn would be. This movie even has Clancy Brown, who would play The Kurgan in "Highlander". Check out the soda can work (note: very brutal!!!):
An all time classic, Snake Plissken gets a job offer in "Escape from New York":
HE ROBBED A FEDERAL RESERVE!!!! Too funny.
Trust me, see the film "Laurel Canyon", you wont' be disappointed:
Moving the sound goalposts, one tune at a time, since 2007.
My man Watchtower caught this insane Red Hot Chili Peppers video at Slane Castle, must see this performance of "Zephyr":
I loved that, thanks.
Reader Gawains (who owes me a report on Texas real estate, lol) was looking for "Stone Blue" by Foghat:
For The Idiot, a little "Paranoid Android" live from Radiohead:
Going live I guess! How about Depeche Mode in Cologne with "Enjoy the Silence":
Ok, two songs left.
When Courtney Love was somewhat normal she could make tunes like "Doll Parts":
Unreal tune. The ending is so hard, but pretty. I know, makes no sense.
Last call! Grab a girl and a beer, or just a beer!
Lets close with Motley Crue's masterpiece, "Wild Side":
Love that one.
Have a good night.