Patience Can be Boring, but It Doesn't Cost Much
I went over both market index charts and about 30 single names this evening. Not much is jumping out at me, a few good looks here or there. This week should answer some questions about the Thursday/Friday rebound days and whether they will have staying power.
It gets boring being on the sidelines. It's more fun to be placing trades and making moves. You have to know your own style here; a daytrader may be having the best few weeks of his/her year while a swing trader either has been chopped up a bit or has been in cash watching the drama.
Patience can be boring, but it doesn't cost much. Getting involved in a volatile tape that still has a real chance of breaking down is just going to cause frustration. Going short right here has headline, FED, and face ripper rally risks.
ChessNwine notes tonight:
"Better to be boring than an Idiot."
Tony of Macro Story has a good run down of big picture items tonight, why not take a look at what is facing the markets:
Macro View August 15, 2011
The tug of war between bulls and bears has been a tough go. Reminds me of a scene from the film "Once Bitten" where Jim Carrey's character is torn between his high school sweetheart (in white) and the dark vampire (in black, played by Lauren Hutton):
Nice. Which one would you go with?
Free Courses on How to Help Robots Take Over the World
Sharp eyed reader Watchtower alerted me to a disturbing development in my personal war against the coming machine age.
Just look at this (via Mish):
Stanford Offers Free Robotics and Artificial Courses; 10,000 Already Sign Up
Here is the deal:
Stanford has been offering portions of its robotics coursework online for a few years now, but professors Sebastian Thrun and Peter Norvig are kicking things up a notch (okay, lots of notches) with next semester's CS221: Introduction to Artificial Intelligence. For the first time, you can take this course, along with several hundred Stanford undergrads, without having to fill out an application, pay tuition, or live in a dorm.Enrollment is over 56 thousand right now.
So what's the problem? Usually cutting edge breakthroughs come in the controlled atmosphere of a University or a technology company proving ground. Now an untold number of eager and energetic maniac will have Stanford University AI and robotics training? Anyone see the problem here?
The machines are upping the ante here by multiplexing their advancement across multiple users. The rate of progress will likely go up geometrically now! Well played robos, well played. We are all doomed.
Have a good night.