4 day weeks are always the longest it seems.
After a reasonable rally, markets tanked again today. Just an impossible situation to trade unless you can sit in the turret all day and work it. Still not a healthy market for swing trade set ups (days to a week or two) and many people are very frustrated. It's understandable.
Looking forward I felt that the weak forward guidance given by both McDonalds (MCD, I own shares in long term account) and athletic wear maker Lululemon (LULU) are signalling weakness in consumption among all groups; the lower end and the higher end. Earnings numbers next time may not be as great as expected and that is going to be an issue. If the market does not crash first of course.
Friday Night Entertainment
A little break is needed I think. Seeing many of my blogging/trading friends a bit on edge and a little levity goes a long way.
As you know I am reading Daniel Wilson's "Robopocalypse". Just go get this book right now. NOW! I will share a part that is still hitting me even now a day after I read it.
Setup; machines have become self aware and have evolved intelligence at a high level. A little girl's electronic doll has been awakened and calls the girl by her name! Freaky? Yes. Then comes this exchange:
"How come you know my name? You aren't supposed to know my name, Buttercup."
"I know lots of things Mathilda. I have gazed through space telescopes into the heart of the galaxy. I have seen a dawn of four hundred billion suns. It all means nothing without life. You and I are special, Mathilda. We are alive."
Plenty more in the book.
Chuckles all around.
see more Very Demotivational
Zombie Coming Up?:
see more This is Photobomb
Providing the tunes since 2007 and free to all!
My friend, The Sovereign Bohemian, had his birthday this week! Happy birthday! By request here is Jimmy Buffet and "Havana Daydreaming":
Master document forger Gawains (kidding!) wanted Alice Cooper and "Welcome to my Nightmare" and I do love Alice:
Robert Sinn pointed out this new tune and I like it. Try out "Nothing" by The Script:
For my good friends in the iBankCoin 12631 Pelican Room may I present Toby Keith and "Made in America":
Ride away with Great White and "Save Your Love":
Ok, two songs left! What will it be?
Fitting, Styx with "Mr. Roboto":
Last call! Grab a girl and a drink and get set.
Close the show with "Stroker Ace" by The Charley Daniels Band:
Have a good night.