Friday, June 28, 2013

So What Happened?

Ok so this I had to share.

Kola Superdeep Borehole
I have mentioned this before, but as a reminder via Wiki:
The Kola Superdeep Borehole is the result of a scientific drilling project of the Soviet Union on the Kola Peninsula. The project attempted to drill as deep as possible into the Earth's crust. Drilling began on 24 May 1970 using the Uralmash-4E, and later the Uralmash-15000 series drilling rig. A number of boreholes were drilled by branching from a central hole. The deepest, SG-3, reached 12,262 metres (40,230 ft) (2.21 leagues) in 1989, and is the deepest hole ever drilled, and the deepest artificial point on Earth.
So what happened?

Well I leave you with two images.

One, the place looks like it was destroyed (click for larger view):

Yeah, many old USSR sites look bad. The collapse and all that. I get it.

But then why was the borehole WELDED SHUT and left INTACT all this time? (click for larger view):
I dunno, but I bet it's interesting!

Have a good night.

Thursday, June 20, 2013

The Onion: "Financial Sector Thinks It’s About Ready To Ruin World Again"

Oh this is classic:

Via The Onion:
Financial Sector Thinks It’s About Ready To Ruin World Again

Read it all, but some funny (true?) snippets:
-“People are beginning to feel at ease spending money and investing in their futures again,” Blankfein continued. “That’s the perfect time to step in and do what we do best: rip the heart right out of the world’s economy.”

** See this commercial as back up:

-“On second thought, maybe we’ll wipe out the housing market again too, just for the hell of it,” Schnall quickly added. “Might as well, right?”

**The current accepted idea of a housing recovery is going to be so hilarious in a year or so I chuckle everyday.

-“Now that the public’s efforts to curtail questionable Wall Street trading practices have all but ceased, it’s time for us to bring the world to its knees again,” said AIG CEO Robert Benmosche. “There are still plenty of opaque financial derivatives, high-frequency trading operations, and off-balance sheet transactions out there, all with virtually no federal regulation. Trust me, we can definitely work with that. And if anything, we can always just lobby for further concessions and deregulation in Washington—which, by the way, is so, so easy to do—and then we can cause as much damage as we want.”

**No worries bulls, Janet Yellen is set to unleash QE Infinity TIMES Infinity come January but wowza, it's quite a way until then! Another commercial to help with the visual:

-"And while we’re at it, we’ll make sure we once again come away from this whole thing scot-free and far wealthier.”

**It's true. What really drove me away from things market and trading was that every trader/investor/money manager is responsible for the way the market works. To turn a blind eye in the awe of an uptrend is dishonest and shows where your real drive is from.

Have a good night.

Thursday, June 13, 2013

Wall Street Babies Get Pampers Changed by Bernanke's Au Pair Hilsenrath

In case you were confused about things for the STUNNING 4% or so drop in the indices and rate sensitive items getting clobbered this handy diagram should clear things up.

1.) OMFG!!!! The Fed may taper/slow/stop extra bond buying:

2.) WE ARE SAVED!!!!:

As you were.

Note: The recent drop extends my time estimate until we get there, but I believe when the S&P 500 gets to 1800 there will be a significant opportunity.

Have a good night.